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2. Go towww.fidelity.com.From Fidelity's homepage type Fidelity Magellan or FMAGX in the search box in the upper right corner.Based on the information provided, answer the

2. Go towww.fidelity.com.From Fidelity's homepage type "Fidelity Magellan" or "FMAGX" in the search box in the upper right corner.Based on the information provided, answer the following questions:

  • What is the fund's investment objective?Its investment strategy?
  • What is the fund's Net Asset Value (NAV)?Provide the date of this quote.
  • What has been the fund's Quarterly-Average Annual Returns (at most recent date), for the prior 1 year, 3 years, 5 years, and 10 years?How has the S&P 500 (i.e., the "market") performed over those same time periods?As an investor in this fund, would you be satisfied with the fund's performance?Why or why not?
  • What was the fund's expense (fee) ratio for its most recent fiscal year-end?

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