Fidelity Magellan Fund - WKN 970902, ISIN US3161841008 (2024)

FAQs

What is the error in Fidelity Magellan Fund Spreadsheet? ›

1994 - Fidelity's $2.6bn minus sign error

Going all the way back to 1994, Fidelity Investments made a “huge clerical error” when they incorrectly estimated that they would make a $4.32/share distribution on their Magellan fund, miscalculating on a capital loss of $1.3 billion in a spreadsheet.

Overall Rating

Morningstar has awarded this fund 3 stars based on its risk-adjusted performance compared to the 1083 funds within its Morningstar Category.

Peter Lynch who managed the high-flying Fidelity Magellan Fund compounded at an astounding annual return of 29%. But the average Magellan Fund investor lost money during Lynch's period. Why? Investors were costing themselves significantly.

Shares of the fund are only available for purchase by mutual funds for which FMR or an affiliate serves as investment manager. This fund is closed to new investors.

The last stock split of Fidelity Magellan Fund was on 10 August 2018 in the ratio 10:1.

Peter Lynch is one of the most successful investors in history. Lynch's love for investing began in his early years working as a caddy. At age 33, Peter Lynch was appointed to manage the legendary Magellan Fund at Fidelity.

FMAG's next quarterly payment date is on Jun 25, 2024, when FMAG shareholders who owned FMAG shares before Jun 21, 2024 received a dividend payment of <$0.01 per share. Add FMAG to your watchlist to be reminded of FMAG's next dividend payment.

Fidelity^® Magellan^® Fund is a diversified domestic equity strategy with a large-cap growth orientation and that seeks capital appreciation. The fund's mandate is highly flexible, giving us the ability to invest in domestic and foreign issuers across all market capitalizations and styles.

A good return on investment is generally considered to be around 7% per year, based on the average historic return of the S&P 500 index, adjusted for inflation. The average return of the U.S. stock market is around 10% per year, adjusted for inflation, dating back to the late 1920s.

What is the average ROI return? ›

Most investors would view an average annual rate of return of 10% or more as a good ROI for long-term investments in the stock market. However, keep in mind that this is an average.

From January 2006 until November 2012, a representative life-cycle fund ¹ for a worker targeting retirement in 2020 had an average annual return of 4.6 percent, compared with 4.2 percent for the S&P 500.

Overall Rating

Morningstar has awarded this fund 3 stars based on its risk-adjusted performance compared to the 1083 funds within its Morningstar Category.

Coinciding with management changes, the fund's performance has slipped in recent years, seeing it underperform many of its peers. This has resulted in a significant outflow of funds under management as well as a steep decline in Magellan's share price.

The Company has a Policy of paying Interim and Final Dividends of 90% to 95% of the underlying net profit after tax of the Group's funds management business, excluding any performance fees.

Tracking error is the difference in actual performance between a position (usually an entire portfolio) and its corresponding benchmark. The tracking error can be viewed as an indicator of how actively a fund is managed and its corresponding risk level.

Tracking error is the annualized standard deviation of daily return differences between the total return performance of the fund and the total return performance of its underlying index. In laymen's terms, tracking error basically looks at the volatility in the difference of performance between the fund and its index.

Three key factors why tracking errors occur in index funds are – mutual fund expenses, cash balance of index funds, and problems in buying/selling underlying index stocks.

Tracking error. Tracking error is a statistical measure that quantifies the volatility of the difference in returns between the ETF and its underlying index.