Industry WIKI

The Fidelity Magellan Fund is a U.S.-domiciled mutual fund sponsored by Fidelity Investments. It also has an exchange-traded fund (ETF) wrapper, Fidelity Magellan ETF (CBOE: FMAG). As of September 2026, it had $36.7 billion in assets under management (AUM) and an expense ratio of 0.64%. It was notable for its 29.2% average annual return under the leadership of Peter Lynch from 1977 to 19