Fidelity Magellan's experienced, successful manager and reasonable costs earn it a Morningstar Analyst Rating of Bronze for both share classes, even though the new manager's approach has not before been applied to a U.S.-focused fund.
Will FMAGX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of FMAGX’s parent organization’s priorities and whether they’re in line with investors’ interests.