Fund Research for Fidelity Magellan (FMAGX)

  • Fund Overview

    Fund Inception Date: May 02, 1963
    Category: Large Growth
    Overall Risk: Above Average
    Fund Family: Fidelity Investments
    Return Since Inception: 16.47%
    YTD Return: 30.53%
    Yield (TTM): 0.33%
    Net Assets: 21.11 B
    Morningstar Rating:
    1 of 5

    The investment seeks capital appreciation. The fund invests primarily in common stocks. It features domestic corporations operating primarily in the United States, domestic corporations that have significant activities and interests outside the U.S., and foreign companies. The fund invests in either growth stocks or value stocks.

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    Size
    Average Market Cap $18,149 M
    Market Capitalization Portfolio
    Giant 31.75%
    Large 41.78%
    Medium 21.98%
    Small 4.41%
    Micro 0.08%
    Morningstar Rating as of 10/31/2009
    YTD Returns as of 11/04/2009    		 Style Box Detail calculations do not include the fund's short positions (if any)

  • Fund Performance

    10 year Growth Chart
    Growth of $10,000 from 12/31/1998 to 10/31/2009
    Mouseover the chart to see values for each month.

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    Total Annualized Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Fund 30.53% 16.03% -6.71% -1.47% -2.33% 16.47%
    +/- Category 4.66% 2.91% -2.53% -2.18% -0.87% —
    +/- S&P 500 TR 12.44% 4.97% -0.26% -1.75% -0.95% —

    Standardized Annual Returns

    YTD 1 year 3 year 5 year 10 year Since Inception
    Month (as of 10/31/2009) 28.26% 19.29% -7.67% -1.29% -2.33% 16.47%
    Quarter (as of 09/30/2009) 35.62% -1.10% -5.03% 0.13% -1.21% 16.64%
    Fund and Category YTD, 1yr, 3yr and 5yr Returns as of 11/04/2009
    Index YTD,1yr, 3ys and 5yr Returns as of 11/04/2009 10 yr and Since Inception Returns as of 10/31/2009
    Inception Date: 05/02/1963
    Ratings are based on risk-adjusted performance.
    View Total Returns

  • Fund Portfolio Profile

    Sector Breakdown

    Stocks
    Information 30.17%
    Service 37.10%
    Manufacturing 30.87%

    Asset Allocation

    Short Long Net Assets
    Cash — 0.51% 0.51%
    Stocks — 99.13% 99.13%
    Bonds — 0.00% 0.00%
    Other — 0.24% 0.24%
    Foreign Stocks
    (as a % of assets)    		 — 19.94% 19.94%
    Data as of 09/30/2009 Data as of 09/30/2009 View Fund Portfolio

    Top 10 Holdings

    Sector P/E Return as of 09/30/2009 Net Assets
    = NOKIA CORP (NOK) Telecom 9.29 -6.42% 5.21%
    - CORNING INC (GLW) Telecom 16.12 58.34% 4.68%
    = APPLIED MATERIALS (AMAT) Hardware — 29.02% 4.51%
    = STAPLES INC (SPLS) Consumer Services 23.68 27.82% 3.64%
    = MEDCO HEALTH SOLUTIONS INC (MHS) Consumer Services 24.88 28.85% 2.35%
    = BANK OF AMERICA CORPORATION (BAC) Financial Services — 15.34% 1.81%
    = JPMORGAN CHASE & CO (JPM) Financial Services 36.65 32.73% 1.68%
    = NEWMONT MINING CORP (NEM) Industrial Materials 31.80 4.91% 1.66%
    = WELLS FARGO & CO NEW (WFC) Financial Services 11.05 -8.28% 1.65%
    - GOLDMAN SACHS GROUP INC (GS) Financial Services 39.50 113.48% 1.59%
    + Increase - Decrease = No change * New since last portfolio
    Top 10 holdings account for the fund's short positions (if any). Net short positions appear shaded.
    P/E as of 11/09/2009
    All other data as of 08/31/2009
    View Fund Portfolio

  • Sales Information

    Sales Charge %

    Initial —
    Deferred —
    Taken from prospectus dated 05/30/2009
    Expense Ratio (based on net assets) 0.71%
    Taken from annual report dated 03/31/2009

  • Fund Management

    Harry Lange
    Start Date: 10/31/2005
    Harry Lange joined Fidelity in 1987 as a research analyst and became a portfolio manager in 1992. He currently manages Fidelity Growth America Fund for Canadian investors, as well as Fidelity Capital Appreciation Fund and Fidelity Advisor Small Cap Fund for U.S. investors.Mr. Lange received a BSc in mechanical engineering from the General Motors Institute in 1975 and an MBA from Harvard Business School in 1983.