Question
Go to www.fidelity.com. From Fidelitys homepage type Fidelity Magellan or FMAGX in the search box in the upper right corner. Based on the information provided,
Go to www.fidelity.com. From Fidelitys homepage type Fidelity Magellan or FMAGX in the search box in the upper right corner. Based on the information provided, answer the following questions:
a. What is the funds investment objective? Its investment strategy?
b. What is the funds Net Asset Value (NAV)? Provide the date of this quote.
c. What has been the funds 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 funds performance? Why or why not?
d. What was the funds expense (fee) ratio for its most recent fiscal year-end?
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