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FMAG

GradeBChicago Board Options Exchange

Fidelity Magellan ETF

Active Equity · Fidelity · Inception 2021-02-02 · SEC filings

$36.22−0.26 (−0.70%)

As of Sep 23, 2026, 2:19 PM EDT

Intraday session: down, 59 prints from 36.47 to 36.22. Range 36.10 to 36.31. Use the arrow keys to read each point.$36.10$36.15$36.25$36.3010 AM12 PM2 PM4 PM
Expense ratio
0.57%
Fund size
$242M
1Y return
+2.9%
Yield · Last 12 months
0.00%
Volume · 30D
0M sh
NAV per share
$36.33
52W range
low $30.49high $37.58

The ETF.net FMAG Grade

B

55/ 100

Rank 32 of 90 in US Active Growth⁠

Confidence High

Six-pillar profile for FMAG. Scores out of 100: Cost 50, Risk 59, Mission 49, Tradability 46, Holdings 76, Durability 71. Strongest: Holdings (76). Weakest: Tradability (46). Leans toward Holdings and Durability.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 55 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 50
    Category rank45/90 · top 50%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    CScore 49
    Category rank23/27 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 59
    Category rank24/79 · top 30%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 46
    Category rank53/90 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 76
    Category rank18/89 · top 20%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 71
    Category rank26/90 · top 29%

Graded as of Sep 22, 2026

Our read on FMAG

ETF.net Research

BFidelity put the Magellan name on an ETF in 2021: an actively run book of US large-cap growth, cyclical movers alongside steadier names tied to long-term megatrends, measured against the S&P 500.

Stated mandate

The fund seeks capital appreciation through a diversified U.S. equity strategy focused on large-cap growth, including cyclical growth stocks and steady growers positioned for long-term megatrends.

Why people hold it

  1. 01Real stock picking, not an index clone. Managers build a diversified US large-cap growth book aimed at capital appreciation.institutional.fidelity.com
  2. 02Lands in the upper half of a crowded field of active US growth funds, a solid showing among dozens of conviction large-cap rivals.
  3. 03The 0.57% fee sits near the middle of the active large-cap growth pack, so the human at the wheel isn't priced at a premium.

Worth knowing

  1. 01Cheaper rules-based options cover similar ground, including Fidelity's own FELG at 0.18%. The active mandate costs roughly three times that.
  2. 02Trades thinly next to index giants, so spreads can be wider and bigger orders can nudge the price.
  3. 03Cash comes back once or twice a year, not quarterly or monthly. This is a growth mandate, not an income one.

FMAG Holdings

As of Sep 21, 2026, 3:19 PM
Asset class
Stocks
Holdings
—
Top-10 weight
45%
Largest holding
NVDA10.1%

Sectors

  • Technology41.5%
  • Industrials17.3%
  • Consumer Discr.11.9%
  • Financials11.2%
  • Communication9.5%
  • Materials3.5%
  • Cons. Staples2.6%
  • Health Care1.4%
  • Real Estate1.0%

Geography

  • United States92.01%
  • Ireland2.63%
  • Taiwan (Province of China)2.35%
  • Singapore1.67%
  • United Kingdom1.34%
The fund’s holdings, weight-ordered — page 1 of 4.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001NVDANVIDIA Corp10.06%111,145$25M828
002AMZNAmazon.com Inc6.75%65,377$17M720
003MSFTMicrosoft Corp5.33%26,515$13M792
004AVGOBroadcom Inc5.19%35,649$13M732
005GOOGLAlphabet Inc Class A4.07%28,594$10M704
006GOOGAlphabet Inc Class C3.54%25,271$9M471
007AMDAdvanced Micro Devices Inc3.34%14,659$8M618
008TSMTaiwan Semiconductor Manufacturing Co Ltd ADR2.35%13,305$6M268
009VVisa Inc Class A2.28%15,194$6M550
010KLACKLA Corp2.17%30,174$5M506
011MAMastercard Inc Class A2.10%9,146$5M512
012GEGE Aerospace2.01%15,733$5M404
013LRCXLam Research Corp1.93%16,485$5M591
014METAMeta Platforms Inc Class A1.92%7,101$5M683
015CDNSCadence Design Systems Inc1.87%16,216$5M438

Showing 1–15 of 50 holdings

FMAG Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FMAG$10,288
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. FMAG $10,288. SPY $11,723. Use the arrow keys to read each point.$8,385$10,198$12,012Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FMAG. Periods over one year show the average yearly return.
PeriodFMAG
Year to date+6.9%
1 month+1.0%
3 months−0.2%
1 year+2.9%
3 years+19.6%per year
5 years+9.4%per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FMAG
YearReturn barFMAG
2026 YTD+6.9%
2025+10.4%
2024+28.5%
2023+31.2%
2022−26.9%
2021+25.4%

History from Feb 4, 2021

FMAG in the news

ETF.net Research hasn’t filed on FMAG yet — coverage lands here as it’s written.

FMAG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
0.00%Last 12 months
Payout per share
$0.001Last 12 months
Last payment
$0.001 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2021–2026

One bar per payment. 19 payments from 2021 to 2026 YTD. Mar 19, 2021 $0.004; Jun 18, 2021 $0.001; Sep 17, 2021 $0.001; Dec 17, 2021 $0.002; Mar 18, 2022 $0.001; Jun 17, 2022 $0.01; Sep 16, 2022 $0.01; Dec 16, 2022 $0.02; Mar 17, 2023 $0.02; Jun 16, 2023 $0.01; Sep 15, 2023 $0.01; Dec 15, 2023 $0.03; Dec 28, 2023 $0.01; Mar 15, 2024 $0.005; Jun 21, 2024 $0.007; Sep 20, 2024 $0.01; Dec 20, 2024 $0.02; Sep 19, 2025 $0.03; Sep 18, 2026 $0.001. Use the arrow keys to read each point.202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Sep 22, 2026$0.001
Sep 19, 2025Sep 23, 2025$0.03
Dec 20, 2024Dec 24, 2024$0.02
Sep 20, 2024Sep 24, 2024$0.01
Jun 21, 2024Jun 25, 2024$0.007
Mar 15, 2024Mar 20, 2024$0.005
Dec 28, 2023Jan 3, 2024$0.01
Dec 15, 2023Dec 20, 2023$0.03
Sep 15, 2023Sep 20, 2023$0.01
Jun 16, 2023Jun 22, 2023$0.01
Mar 17, 2023Mar 22, 2023$0.02
Dec 16, 2022Dec 21, 2022$0.02

FMAG Risk

How much the fund’s monthly returns vary, scaled to a year.
15.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.81
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−32.9%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMAG Cost

Expense ratio0.57%
  • The middle half of US Active Growth funds
  • Median 0.56%

45 of the 89 US Active Growth funds charge less.

FMAG costs $57.00 a year on $10,000. The median US Active Growth fund costs $56.00.