Launched in May 1963, the Fidelity Magellan has had nine managers, its most famous of whom was its third manager, Peter Lynch, who averaged a 29% annual return following his ‘buy what you know’ mantra. [6] In 1989, Magellan held an unheard-of 1,400 stocks. Fidelity Magellan Fund. By the end of the 20th century the Magellan Fund had well over $100 billion in assets under management. In May 2006, Magellan made a capital gains distribution to shareholders of $22.11 representing roughly 18% of assets. [2], Lynch took the reins in May 1977 and remained the manager of Magellan for the next thirteen years. It is perhaps the world's best known actively managed mutual fund, known particularly for its record-setting growth under the management of Peter Lynch from 1977 to 1990. This move does not affect the Morningstar Analyst Ratings of either fund. From the fund's inception in 1963 through 1977 Magellan grew to $20 million in AUM. Mahar, Maggie. More Take Action. However, others argue that Vinik merely moved into bonds early. As part of large growth mutual funds, this Fidelity Magellan fund has become one of the laggard mutual funds for the past decade. Fidelity could help maximise your investments with our expert guidance, fund range and competitive pricing. Manager. Fidelity Magellan Mutual Fund Manager Jeffrey Feingold. He has managed Fidelity’s Emerging Markets fund since October 2012 and was joined by John Dance as co-manager on Feb. 22. With … However, the S&P 500 index returned 274% during the same period. In July 1996, his first month as manager, more than $3.5 billion was taken out of the fund as investors redeemed their shares and the portfolio experienced setbacks. By the time Stansky retired in 2005, the assets under management for Magellan were back down to $52.5 billion. Domiciled Country. Fidelity® Magellan® Fund. He also authored several top-selling books on investing, including One Up on Wall Street and Beating the Street, and has been a generous … For the past five years, the Fidelity Magellan fund has trailed 97% of its peers losing at a 2.6% annual rate. Peter Lynch is one of the most successful and well-known investors of all time. During Morris Smith's tenure, AUM grew from $14 billion to $20 billion. Robert "Bob" Stansky is a direct disciple of Lynch's having worked as his research assistant from 1984 to 1987. Performance. Lynch is credited with inventing the price-to-earnings-growth (PEG) ratio, which helps investors determine whether a stock is inexpensive given its growth potential, along with other stock valuation methods popular with value investors. Foresight We have a team of more than 400 investment professionals connecting ideas across asset classes, sectors and regions. Inception Date. Management Information. The fund has $23 billion in assets and has returned an average of … [7] Jeffrey Vinik spent four years managing Magellan and during that time he produced an 83.70% cumulative return and outperformed the cumulative S&P500 return by 5.91%. Damals belief sich das Anlagekapital auf 56,3 Milliarden Dollar. Awarded to Fidelity International for Morningstar Australia Fund Manager of the Year - Domestic Equities Small Cap Category. Magellan is Fidelity's flagship fund and is more than twice as big as the nation's second-largest fund, Investment Co. of America. more Benjamin Method Fidelity® Magellan® Fund. Started in 1963, the fund has logged a … No Load. The $20 million fund Peter Lynch inherited grew to $14 billion in AUM during his tenure. During the two years he was there he managed to beat the S&P 500 by 7%. Fidelity Magellan Fund (FMAGX, $11.26) is another storied Fidelity fund known for its active management and long-term outperformance. Fidelity® Magellan® Fund Dividend policy Suspended Price as of: DEC 15, 07:00 PM EDT $12.78 +0.05 +0% primary theme U.S. Large-Cap Growth Equity share class No Load (FMAGX) () () Snapshot. "[5] Lynch proposed that the person on the street is just as capable of identifying good stocks as a Wall Street professional, and noted that many of his best stock picks came from his experiences with a company as a customer, rather than through usual trade publication or analyst reports. See fund information and historical performance for the Fidelity Magellan Fund. Sammy Simnegar, Lead Manager since February 21, 2019. In its conventional sense, dividends refer to the distribution of some of Fidelity Magellan's net earnings or capital gains decided by the board of directors. For the 13 years that Lynch ran Fidelity's Magellan ® Fund (1977–1990), he earned a reputation as a top performer, increasing assets under management from $18 million to $14 billion (as of 1990). 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