The numbers he provided on former Fidelity Magellan portfolio manager Peter Lynch, considered by many to be the greatest mutual fund manager of all-time, were eye-opening: During his tenure Lynch trounced the market overall and beat it in most years, racking up a 29 percent annualized return. Peter Lynch, author of “One Up on Wall Street” ran the Fidelity Magellan fund from 1977-1990. Important Class A Performance Information. The fund earned an annualized return of … Snapshot. Investment return and principal value will fluctuate, so you may have a gain or loss when shares are sold. If investors are looking at the Large Cap Growth fund category, Fidelity Magellan Fund (FMAGX) could be a potential option. Lynch managed the legendary Magellan Fund at Fidelity. Important Class M Performance Information. View historical FMAGX mutual fund prices, to see mutual fund performance over time. Important Class C Performance Information. Fidelity Fund Manager Rankings. Profile. For the twenty years ending 12/31/2015, the S&P 500 Index averaged 9.85% a year. See performance data and interactive charts for Fidelity® Magellan® Fund (FMAGX). Quote Fund Analysis Performance Risk Price Portfolio People Parent NAV / 1-Day Return. The fund is currently managed by … Fidelity s also an online … View prospectus, summary prospectus, XBRL and related documents when available. Analyze the Fund Fidelity ® Magellan ® K6 Fund having Symbol FMKFX for type mutual-funds and perform research on other mutual funds. But Lynch himself pointed out a fly in the ointment. Investors who want the opportunity for above-average returns, and are willing to accept above-average market risk, may be interested in these investment types. Compare. Fidelity® Magellan® Fund Dividend policy Suspended Price as of: DEC 15, 07:00 PM EDT $12.78 +0.05 +0% primary theme U.S. Large-Cap Growth Equity share class No Load (FMAGX) () () Snapshot. Average annual total returns include changes in share price and reinvestment of dividends and capital gains. The fund, started by Fidelity … It is perhaps the world's best-known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. Fidelity Investments is best known as a mutual fund company and provider of retirement services and products, such as 401(k) plans and IRAs, for businesses and individuals. In the 13 years that Lynch ran the Fidelity Magellan Fund, he racked up average annual investment returns of 29.2%. Who Is Fidelity Investments? So FBALX is more of a best-performing Fidelity fund for semi-conservative retirement investors. Fidelity has announced that it plans to merge Fidelity Independence into Fidelity Magellan in the second quarter of 2021. See fund information and historical performance for the Fidelity Magellan Fund. Fidelity® Magellan® K FMGKX Morningstar Analyst Rating Analyst rating as of Feb 14, 2020. A short-term trading fee of up to 2% may apply. He delivered an outstanding 29% average annual return during that period. The average investor at Fidelity gained 6.8% in November. Click on fund name and … They can now buy a stake in Fidelity Magellan fund. This move does not affect the Morningstar Analyst Ratings of either fund. Investors frequently buy high — chasing good returns in a fund, say — and sell low, when the market gets rocky. Model Portfolio Fidelity Investor’s Model Portfolios have year-to-date returns through 11/30/20 of between 0.5% and 14.8%. Research information including fund fees, cost projections and minimum investments for Fidelity® Magellan® Fund. Find the latest Fidelity Magellan (FMAGX) stock quote, history, news and other vital information to help you with your stock trading and investing. Learn more about mutual funds at fidelity.com. Simply put, the average investor has poor timing. Fund investors can now do something with their money that they haven't been able to do for a decade, except through select retirement plans. YTD Return 25.3%; 3 Yr Annualized Return 15.8%; 5 Yr Annualized Return … Important Investment Policy Changes. Performance. Expenses. Select fund name or Average Annual Total Returns tab for each fund's … The average investor at Fidelity gained 6.8% in November. Investors looking to squeeze more profit from the next bull run can look to Fidelity funds for strong active management and tactical investments. They found that the average investor in the Magellan Fund lost money during Peter Lynch’s tenure! From a purely NAV (net asset value) return standpoint, the Fidelity Magellan Fund stood fifth in the one-year period ended March 18, 2016, among its peer group. Check out our mutual fund lineup. Important Class I Performance Information. See how FMAGX has performed including trailing returns and dividend history. See Fidelity® Magellan® Fund (FMAGX) mutual fund ratings from all the top fund analysts in one place. Afterwards, Fidelity conducted a study of the fund. How can that be? See fees data for Fidelity® Magellan® Fund (FMAGX). For a generation of investors who came of age in the 1980s and early ’90s, Fidelity Magellan FMAGX, +0.55% was the first mutual fund they heard of. The Fidelity Magellan Fund (Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds. This profile of Fidelity® Magellan® Fund provides details such as thefund objective, fees and fund minimums, average annual total returns, style, and after-tax returns. FBALX rounded out the past decade with a 9.56% average annual return. Get the lastest Fund Performance for Fidelity Magellan from Zacks Investment Research Important Class Z/Z6 Performance Information. Managers. Since Fidelity Magellan Fund made its debut in May of 1963, FMAGX has garnered more than $15.02 billion in assets. For over 20 years, I have been dedicated to making investing in Fidelity mutual funds safer and more profitable for investors, and I do this through a proprietary approach to selecting and evaluating Fidelity fund managers. Holdings. The results of research done by Dalbar Inc., a company which studies investor behavior and analyzes investor market returns, consistently show that the average investor earns below-average returns. He calculated that the average investor in … Fidelity Magellan Fund Domestic stock fund|Retail Class Fund facts †Risk level Low High Total net assets Expense ratio as of 05/30/20 Ticker symbol Turnover rate Inception date Fund number 12345 $19,754 MM 0.77 % FMAGX 106.00 % 05/02/63 2214 Investment objective The investment seeks capital appreciation. Peter Lynch is one of the most successful investors in history. 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