Morningstar

Fidelity Magellan ETF FMAG

Morningstar Medalist Rating
Medalist Rating as of | See Fidelity Investment Hub

Morningstar’s Analysis FMAG

Will FMAG outperform in the 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 FMAG’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FMAG 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 FMAG’s parent organization’s priorities and whether they’re in line with investors’ interests.

Investing with conviction.

Senior Analyst Gregg Wolper

Gregg Wolper

Senior Analyst

Summary

Navigating a large-growth universe led by dominant companies with outsize index weightings, Fidelity Magellan faces a difficult task—though its manager’s acumen and extensive support gives it a chance to stand out.

by Gregg Wolper
Rated on Published on

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Portfolio Holdings FMAG

More FMAG Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 49.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

NVIDIA Corp

11.11 29M
Technology

Microsoft Corp

7.55 19M
Technology

Amazon.com Inc

6.50 17M
Consumer Cyclical

Broadcom Inc

5.92 15M
Technology

Alphabet Inc Class A

4.05 10M
Communication Services

Meta Platforms Inc Class A

3.83 10M
Communication Services

Advanced Micro Devices Inc

3.50 9M
Technology

Taiwan Semiconductor Manufacturing Co Ltd ADR

2.36 6M
Technology

KLA Corp

2.21 6M
Technology

Lam Research Corp

2.09 5M
Technology

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