Mutual Fund Insights: Fidelity Magellan Fund (FMAGX)

In-depth Analysis of Fidelity Magellan Fund (FMAGX)

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See Fidelity Magellan Fund (FMAGX) performance details as of February 28, 2010

  

Last Trade: $66.55 on 3/19/2010, Change: -0.56 (-0.83%)

Experiment our closing price forecasting tool for Fidelity Magellan Fund (FMAGX) (alpha release)

  

Fund Manager - Harry Lange

Fund Manager Tenure: 4.4 years
Fundmojo Fund Grade: D (Score: 0.44)     (What does this score mean?)

Harry Harry Lange joined Fidelity in 1987 as a research analyst and became a portfolio manager in 1992. Harry Lange 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.  Get more insights on Harry Lange

  

 What we like about Fidelity Magellan Fund (FMAGX)

Data for Fidelity Magellan Fund (FMAGX) as of February 28, 2010

• Fidelity Magellan Fund (FMAGX) management has been with Fidelity Magellan Fund for 4.4 years
• Fidelity Magellan Fund (FMAGX) has good short-term performance (1-year return 62.73% vs 51.46 % Large Growth category average)
• Fidelity Magellan Fund (FMAGX) has good mid-term performance (3-year return -6.16% vs -3.50 % Large Growth category average)
• Fidelity Magellan Fund (FMAGX) ratio of up-years vs down years is greater than 2
• Fidelity Magellan Fund (FMAGX) has an annual stock turnover rate of 67.00% vs Large Growth average of 109.62%. It is good that Fidelity Magellan management does not trade extensively for its return.
• Fidelity Magellan Fund (FMAGX) has a lower management fee than its Large Growth average: 0.71% vs 1.33%
• Fidelity Magellan Fund (FMAGX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

  

 What we are cautious about Fidelity Magellan Fund (FMAGX)

Data for Fidelity Magellan Fund (FMAGX) as of February 28, 2010

• Fidelity Magellan Fund (FMAGX) has a less-than-ideal Long-term performance (5-year return -0.80% vs 1.34 % Large Growth category average)
• Fidelity Magellan Fund (FMAGX) has a Morningstar rating of 3 and below
• Fidelity Magellan Fund (FMAGX) is less safe compared to its Large Growth peers
• Fidelity Magellan Fund (FMAGX) does not have a good risk adjusted return as its 3-year Alpha of 2.44 is worse than category average of 2.56, and its 3-year Sharpe ratio is -0.17
• Fidelity Magellan Fund (FMAGX) is more volatile than its peers as it has a 3-year Standard Deviation of 26.46 that is higher than category average of 21.35

See Fidelity Magellan Fund (FMAGX) performance details as of February 28, 2010

  

  

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Fidelity Magellan Fund (FMAGX) Net Asset

Track net asset change of Fidelity Magellan fund (FMAGX)

Date	Net Asset
02/2010	$23.94B
01/2010	$21.21B
11/2009	$21.94B

More historic net asset information on Fidelity Magellan Fund (FMAGX)

  

Fidelity Magellan Fund (FMAGX) Portfolio Allocation

Track portfolio allocation change of Fidelity Magellan fund (FMAGX)

Date	Cash	Stock	Bond	Other
01/2010	0.52%	99.03%	0%	0.11%
10/2009	0.79%	98.74%	0%	0.47%
09/2009	0.51%	99.13%	0%	0.36%

Click here to see more historic asset allocation information on Fidelity Magellan Fund (FMAGX)

  

Most Recent Top 10 Holdings in Fidelity Magellan Fund (FMAGX)

Discover what Fidelity Magellan Fund (FMAGX) manager is buying

31-Jan-10 Nokia Corporation Sponsored Ame [4.36%] Corning Incorporated Common Sto [4.27%] Applied Materials, Inc. [4.25%] Staples, Inc. [4.03%] MedcoHealth Solutions Inc Commo [2.8%] Newmont Mining Corporation (Hol [1.81%] Apple Inc. [1.77%] Occidental Petroleum Corporatio [1.65%] Chesapeake Energy Corporation C [1.59%] Goldcorp Incorporated Common St [1.45%]

31-Oct-09 Applied Materials, Inc. [4.28%] CORNING INC [4.16%] NOKIA CP ADS [4.1%] Staples, Inc. [3.75%] MEDCOHEALTH SOLUTNS [2.46%] NEWMONT MIN CP (HLDG [1.85%] Apple Inc. [1.75%] China Life Insurance Company, Ltd. [1.71%] WELLS FARGO & CO NEW [1.7%] GOLDMAN SACHS GRP [1.68%]

30-Sep-09 NOKIA CP ADS [4.62%] CORNING INC [4.56%] Applied Materials, Inc. [4.4%] Staples, Inc. [3.75%] MEDCOHEALTH SOLUTNS [2.26%] NEWMONT MIN CP (HLDG [1.75%] GOLDMAN SACHS GRP [1.7%] BK OF AMERICA CP [1.67%] JP MORGAN CHASE CO [1.63%] WELLS FARGO & CO NEW [1.62%]

Click here for Stock Holding Change Map in Fidelity Magellan Fund (FMAGX)

  

Related books and products to Fidelity Magellan Fund (FMAGX)

  

Latest News on Fidelity Magellan (FMAGX)

See what is happening with Fidelity Magellan Fund (FMAGX)

FundWatch: Buffett and Berkshire outperform all mutual funds (at MarketWatch) Mutual Fund Inflows Continue Apace in 2010 (Morningstar.com) 5 Big Funds to Reconsider (at SmartMoney.com) Chuck Jaffe: A year of hits among investing misses (at MarketWatch) See more news on Fidelity Magellan Fund (FMAGX)

 

Books and Resources

 

 

See more information on Fidelity Magellan Fund (FMAGX)

• Fidelity Magellan Fund Insights
• Fidelity Magellan Fund Performance Data
• Fidelity Magellan Fund News
• Fidelity Magellan Fund Score Explaination
• Fidelity Magellan Fund Manager Information
• Historic Fidelity Magellan Fund Asset Allocation Report
• Historic Fidelity Magellan Fund Top 10 Holding Tracking
• Historic Fidelity Magellan Fund Asset Under Management Tracking