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Morningstar

Fidelity® Magellan® FMAGX Fund Analysis

Morningstar Analyst Rating
| Analyst rating as of

Morningstar’s Fund Analysis FMAGX

Will FMAGX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMAGX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FMAGX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of FMAGX’s parent organization’s priorities and whether they’re in line with investors’ interests.

An accomplished manager taking on a tough challenge.

Senior Analyst

Summary

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Fidelity Magellan has an insightful and innovative manager at the helm, though the ultracompetitive U.S. large-cap universe poses challenges. The strategy maintains its Morningstar Analyst Rating of Bronze for both share classes.

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