There’s nothing much to write home about in terms of FMAGX’s performance in YTD 2016. The sizable presence of negative contributors in most sectors has ensured that its performance remains in check.
General Electric (GE), Berkshire Hathaway (BRK.B), and Coca-Cola (KO) were among the Fidelity Magellan Fund’s (FMAGX) 140 holdings at the end of June 2016. In July 2016, the fund was managing $15.3 billion in assets.
From a purely NAV (net asset value) return standpoint, the Fidelity Magellan Fund stood fifth in the one-year period ended March 18, 2016, among its peer group.
The Fidelity Magellan Fund (FMAGX) invests primarily in common stocks of US and foreign issuers. It invests in either growth stocks, value stocks, or both.
There are investors who are willing to take on higher risk to generate above-average market returns. For these investors, active funds offer the optimal investment avenue.
