FMKFX Performance — Fidelity Magellan K6 Fund
Data updated: 2026-08-24
FMKFX returned +7.86% year to date and +7.70% over one year to Jun 2026. Annualised returns are +19.26% over 3 years and +10.97% over 5 years. Against its US Large Blend category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $170, against $157 for the category, and to $108 over one year, against $118. Volatility over the past three years was 15.40% a year. In the 12 months to Jun 2026 the fund lost a net $19.0M, and assets reached $332.26M.
FMKFX Growth of $100
What $100 invested in Fidelity Magellan K6 Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | FMKFX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $108 | $118 |
| 3 years (Jul 2023 – Jun 2026) | $170 | $157 |
| 5 years (Jul 2021 – Jun 2026) | $168 | $161 |
| Since data start (Jul 2019 – Jun 2026) | $266 | $229 |
FMKFX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +7.86% |
| 1 year | +7.70% |
| 3 years (annualised) | +19.26% |
| 5 years (annualised) | +10.97% |
FMKFX Annual Returns
Calendar-year total returns of Fidelity Magellan K6 Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +7.86% |
| 2025 | +10.89% |
| 2024 | +28.35% |
| 2023 | +31.41% |
| 2022 | −26.85% |
| 2021 | +27.47% |
| 2020 | +29.15% |
| 2019 (Jul–Dec) | +9.45% |
FMKFX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | −2.0% | −6.2% | +12.9% | +2.9% | +0.4% | — | — | — | — | — | — |
| 2025 | +4.2% | −3.1% | −6.7% | +2.7% | +8.8% | +5.4% | +2.3% | −0.7% | +1.2% | −0.3% | −1.6% | −1.0% |
| 2024 | +4.0% | +8.2% | +3.2% | −3.9% | +4.5% | +5.4% | −0.5% | +1.7% | +1.9% | −1.0% | +5.2% | −2.8% |
| 2023 | +7.1% | −2.3% | +3.8% | +0.7% | +1.9% | +6.6% | +2.1% | +0.5% | −5.0% | −1.8% | +10.6% | +4.4% |
| 2022 | −10.8% | −4.3% | +3.8% | −10.4% | −0.5% | −6.6% | +12.3% | −6.2% | −10.4% | +5.9% | +6.4% | −6.7% |
| 2021 | −3.1% | +1.0% | +2.7% | +6.9% | −1.0% | +5.1% | +4.2% | +3.6% | −5.5% | +8.6% | +1.0% | +1.8% |
| 2020 | +2.9% | −6.9% | −9.7% | +13.0% | +7.0% | +2.7% | +7.5% | +7.5% | −3.6% | −3.5% | +8.1% | +3.4% |
| 2019 | — | — | — | — | — | — | +1.9% | +0.8% | −0.7% | +1.4% | +3.5% | +2.3% |
FMKFX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 15.40%
- 3-year Sharpe ratio: 0.96 (vs 4.5% risk-free rate)
- Best month: +12.92% (Apr 2026)
- Worst month: −6.72% (Mar 2025)
FMKFX Fund Flows
Monthly money in and out of Fidelity Magellan K6 Fund, from SEC Form N-PORT.
- 12-month net flow: −$19.0M
- 12-month gross sales (incl. reinvestments): $43.8M
- Sales ÷ redemptions: 0.70×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $1.5M | $3.3M | −$1.8M |
| May 2026 | $8.6M | $7.1M | $1.6M |
| Apr 2026 | $754K | $5.4M | −$4.7M |
| Mar 2026 | $1.6M | $4.2M | −$2.5M |
| Feb 2026 | $1.2M | $6.1M | −$5.0M |
| Jan 2026 | $3.2M | $5.8M | −$2.6M |
| Dec 2025 | $14.3M | $5.9M | $8.4M |
| Nov 2025 | $670K | $3.6M | −$2.9M |
| Oct 2025 | $1.2M | $6.7M | −$5.5M |
| Sep 2025 | $4.5M | $2.6M | $1.9M |
| Aug 2025 | $2.7M | $4.9M | −$2.2M |
| Jul 2025 | $3.5M | $7.1M | −$3.6M |
FMKFX Assets Under Management
Net assets of Fidelity Magellan K6 Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $332.26M |
| 2026-03-31 | $296.29M |
| 2025-12-31 | $330.56M |
| 2025-09-30 | $353.38M |
| 2025-06-30 | $347.40M |
| 2025-03-31 | $299.91M |
| 2024-12-31 | $319.67M |
| 2024-09-30 | $316.43M |
| 2024-06-30 | $309.64M |
| 2024-03-31 | $299.01M |
| 2023-12-31 | $257.04M |
| 2023-09-30 | $227.77M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.