FMGKX Mutual Fund — Fidelity Magellan K

Fidelity Magellan K (FMGKX)

Updated October 16, 2026.

FMGKX is a Mutual Fund. its distribution rate is 4.27%, its trailing-12-month yield is 6.67%, its expense ratio is 0.57%. Dividend Vision Distribution Safety Score™ is 56/100 (Caution). Total return is 440.9% over the past 18.4 years, 209.1 points behind SPY at 650.0%.

Fidelity Magellan K is a mutual fund that invests primarily in common stocks of domestic and foreign companies, using fundamental analysis to select growth and value stocks across various industries and market conditions. The fund carries a modest expense ratio of 0.57% and currently distributes at a high rate. This fund may appeal to equity investors seeking broad market exposure with active management across both growth and value strategies.

FMGKX performance versus SPY

Price and return data through 2026-10-16.

Total return is 440.9% over the past 18.4 years, 209.1 points behind SPY at 650.0%. Over the past year its total return — price change plus distributions reinvested — is 2.8%. Its deepest 1-year drawdown was 13.9%.

FMGKX key facts

Distribution Safety Score™

56 · Caution

Safety-Adjusted Yield

2.39%

Issuer

Fidelity Investments

Asset type

Mutual Fund

Asset class

Equity

Expense ratio

0.57%

Distribution rate

4.27%

Distribution frequency

Semi-Annual

Trailing yield

6.67%

Last close

$15.13 (as of 2026-10-16)

NAV

$15.57 as of 2026-09-30; source eodhd (stale)

Premium / discount

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

AUM

$18,479,714,304

Average volume

0.0

Dividend

$0.323

Ex-dividend date

05/08/2026

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.

FMGKX risks and drawbacks

Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 13.9%.

Who may consider FMGKX — and who may not

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

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Frequently asked questions

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