Fidelity Advisor Magellan Fund - Class A

The Fidelity Advisor Magellan Fund - Class A is a prominent mutual fund with a long-standing record in the U.S. investment landscape, recognized for its active management approach and large-cap growth orientation. Its primary purpose is to seek capital appreciation for investors by investing primarily in common stocks of both domestic and select foreign issuers. The fund is diversified and typically emphasizes high-quality growth companies, often leveraging the strength of recognizable brands, barriers to entry, and best-in-class management teams. Notable holdings frequently include leading technology, consumer, and healthcare companies, such as those within the S&P 500. The portfolio is constructed with an equal-active-weight approach, aiming to add value across a broad range of holdings while mitigating the impact of significant swings in any single investment. Since its inception in 1963, the Fidelity Advisor Magellan Fund - Class A has played a significant role in large-cap growth investing, serving as a core component in many diversified investment portfolios for those seeking long-term growth potential and exposure to transformative sector trends.