Fidelity Magellan Fund

The Fidelity Magellan Fund (Mutual fund: FMAGX) is a U.S.-domiciled mutual fund from the Fidelity family of funds.^[1] 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.^[2] On January 14, 2008, Fidelity announced that the fund would open to new investors for the first time in over a decade.^[3]

By the end of the 20th century the Magellan Fund had well over $100 billion in assets under management. For quite some time it was the single largest mutual fund in the world until April 2000, when it was displaced by Vanguard's S&P 500 index fund.