Fidelity Magellan Fund Class K (FMGKX)
The fund invests primarily in common stocks. It invests in domestic and foreign issuers. The fund invests in either "growth" stocks or "value" stocks or both. The adviser uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Fund Info
US3161842097
May 9, 2008
$0
Large-Cap
Growth
Expense Ratio
FMGKX has an expense ratio of 0.62%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Fidelity Magellan Fund Class K (FMGKX) returned 5.25% year-to-date (YTD) and 16.04% over the past 12 months. Over the past 10 years, FMGKX delivered an annualized return of 13.18%, outperforming the S&P 500 benchmark at 10.85%.
FMGKX
5.25%
8.77%
2.25%
16.04%
17.89%
15.04%
13.18%
^GSPC (Benchmark)
0.51%
6.15%
-2.00%
12.92%
12.68%
14.19%
10.85%
Monthly Returns
The table below presents the monthly returns of FMGKX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 4.18% | -3.04% | -6.81% | 2.80% | 8.77% | 5.25% | |||||||
| 2024 | 3.98% | 8.21% | 3.18% | -3.85% | 4.44% | 5.25% | -0.41% | 1.71% | 1.96% | -1.06% | 5.21% | -2.85% | 28.16% |
| 2023 | 7.02% | -2.36% | 3.85% | 0.78% | 1.83% | 6.59% | 2.21% | 0.35% | -5.00% | -1.81% | 10.53% | 4.48% | 31.15% |
| 2022 | -10.75% | -4.38% | 3.82% | -10.51% | -0.75% | -6.54% | 12.25% | -6.32% | -10.42% | 5.87% | 6.37% | -6.57% | -27.11% |
| 2021 | -3.14% | 1.03% | 2.59% | 6.95% | -1.00% | 4.92% | 4.25% | 3.67% | -5.47% | 8.54% | 0.97% | 1.78% | 27.08% |
| 2020 | 2.95% | -6.96% | -9.85% | 13.08% | 7.04% | 2.54% | 7.43% | 7.42% | -3.65% | -3.46% | 8.03% | 3.40% | 28.49% |
| 2019 | 8.60% | 2.88% | 2.20% | 4.50% | -4.76% | 5.96% | 1.78% | 0.55% | -0.73% | 1.29% | 3.65% | 2.31% | 31.42% |
| 2018 | 7.90% | -3.57% | -2.72% | 1.08% | 2.75% | 0.39% | 3.36% | 3.38% | 0.53% | -9.66% | 1.57% | -9.33% | -5.67% |
| 2017 | 2.41% | 3.94% | 0.00% | 1.32% | 2.17% | 0.73% | 2.97% | 1.20% | 2.40% | 3.41% | 2.31% | 1.04% | 26.60% |
| 2016 | -6.44% | -1.67% | 6.40% | 1.10% | 1.49% | -1.84% | 3.82% | 0.52% | 0.27% | -1.93% | 2.98% | 1.10% | 5.33% |
| 2015 | -2.45% | 6.41% | -0.92% | 0.20% | 2.02% | -0.94% | 2.70% | -6.48% | -3.78% | 8.83% | 1.31% | -1.57% | 4.47% |
| 2014 | -1.86% | 5.20% | -1.14% | -1.13% | 3.55% | 2.63% | -1.49% | 4.86% | -1.60% | 2.97% | 2.30% | 0.38% | 15.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMGKX is 54, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Magellan Fund Class K (FMGKX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Fidelity Magellan Fund Class K provided a 7.98% dividend yield over the last twelve months, with an annual payout of $1.19 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.19 | $0.92 | $1.45 | $0.54 | $1.09 | $0.04 | $1.53 | $0.98 | $1.02 | $0.27 | $0.71 | $1.22 |
Dividend yield | 7.98% | 6.18% | 11.80% | 5.08% | 7.07% | 0.30% | 15.04% | 10.95% | 9.74% | 3.01% | 7.91% | 13.24% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Magellan Fund Class K. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.70 | $0.70 | |||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.49 | $0.92 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $1.25 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.20 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.09 | $0.54 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.63 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $1.09 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $0.04 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.42 | $1.53 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.98 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.46 | $1.02 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.27 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.40 | $0.71 |
| 2014 | $0.58 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.64 | $1.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Magellan Fund Class K. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Magellan Fund Class K was 59.38%, occurring on Nov 20, 2008. Recovery took 1125 trading sessions.
The current Fidelity Magellan Fund Class K drawdown is 1.34%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -59.38% | May 20, 2008 | 129 | Nov 20, 2008 | 1125 | May 15, 2013 | 1254 |
| -33.05% | Nov 22, 2021 | 226 | Oct 14, 2022 | 326 | Feb 2, 2024 | 552 |
| -31.68% | Feb 20, 2020 | 23 | Mar 23, 2020 | 72 | Jul 6, 2020 | 95 |
| -22.72% | Oct 2, 2018 | 58 | Dec 24, 2018 | 122 | Jun 20, 2019 | 180 |
| -20.05% | Jan 24, 2025 | 52 | Apr 8, 2025 | — | — | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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