FMAGX Mutual Fund — Fidelity Magellan Fund

Fidelity Magellan Fund (FMAGX)

Updated October 16, 2026.

FMAGX is a Mutual Fund. its distribution rate is 4.27%, its trailing-12-month yield is 6.67%, its expense ratio is 0.64%. Dividend Vision Distribution Safety Score™ is 56/100 (Caution). Its deepest 1-year drawdown was 14.0%.

Fidelity Magellan Fund is a mutual fund that invests primarily in common stocks of both domestic and foreign companies, using fundamental analysis to select growth and value stocks based on financial condition, industry position, and market conditions. The fund carries a current distribution rate that is relatively high, distributes on an irregular basis, and has an expense ratio of 0.64%. It appeals to equity investors seeking broad exposure to both growth and value stocks with an emphasis on current income.

FMAGX performance

Returns are updating. FMAGX's total return appears here after the next nightly update.

Its deepest 1-year drawdown was 14.0%.

FMAGX key facts

Distribution Safety Score™

56 · Caution

Safety-Adjusted Yield

2.39%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Inception date

05/02/1963

Expense ratio

0.64%

Distribution rate

4.27%

Distribution frequency

Semi-Annual

Trailing yield

6.67%

Last close

$15.12 (as of 2026-10-16)

NAV

$15.07 as of 2026-09-30; source eodhd (stale)

Premium / discount

N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)

AUM

$36,489,550,000

Average volume

0.0

Dividend

$0.323

Ex-dividend date

05/08/2026

Payment date

05/11/2026

Beta

1.12

How Dividend Vision calculates yield and returns

Distribution rate (4.27%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (6.67%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Fidelity Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FMAGX risks and drawbacks

Payments are semi-annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 14.0%.

Who may consider FMAGX — and who may not

FMAGX may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FMAGX pays semi-annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

More on FMAGX

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Tagged: Mutual Fund.

Frequently asked questions

More securities from Fidelity Investments.