0000061397 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member rr:RiskLoseMoneyMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:ForeignExposureMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:GrowthInvestingMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:IssuerSpecificChangesMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:StockMarketVolatilityMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:ValueInvestingMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:C000212498Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:ReturnBeforeTaxesMember fmr:C000212498Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanK6Fund-PROMember fmr:S000065695Member fmr:IndexSP001Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member rr:RiskLoseMoneyMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:ForeignExposureMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:GrowthInvestingMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:IssuerSpecificChangesMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:StockMarketVolatilityMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:ValueInvestingMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:C000064273Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:ReturnBeforeTaxesMember fmr:C000064273Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-KPROMember fmr:S000007112Member fmr:IndexSP001Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member rr:RiskLoseMoneyMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member rr:RiskNotInsuredDepositoryInstitutionMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:ForeignExposureMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:GrowthInvestingMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:IssuerSpecificChangesMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:StockMarketVolatilityMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:ValueInvestingMember 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:C000019441Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:ReturnBeforeTaxesMember fmr:C000019441Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member rr:AfterTaxesOnDistributionsMember fmr:C000019441Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member rr:AfterTaxesOnDistributionsAndSalesMember fmr:C000019441Member 2024-05-30 2024-05-30 0000061397 fmr:FidelityMagellanFund-RetailPROMember fmr:S000007112Member fmr:IndexSP001Member 2024-05-30 2024-05-30 iso4217:USD pure 485BPOS 2024-03-31 false 0000061397 N-1A Fidelity Magellan Fund Fund Summary Fund /Class: Fidelity® Magellan® Fund /Fidelity® Magellan® Fund   Investment Objective Fidelity® Magellan® Fund seeks capital appreciation. Fee Table The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay other fees, such as brokerage commissions on purchases and sales of certain classes of shares of the fund and other fees to financial intermediaries, which are not reflected in the tables and examples below. Shareholder fees 0 Annual Operating Expenses 0.0046 0 0.0001 0.0047 Adjusted to reflect current fees. This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: 48 151 263 591 Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 55 % of the average value of its portfolio. 0.55 Principal Investment Strategies Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Principal Investment Risks Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments. Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. "Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.       "Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund. Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance (before and after taxes) is not an indication of future performance. Visit www.fidelity.com for more recent performance information. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Past performance (before and after taxes) is not an indication of future performance. www.fidelity.com Year-by-Year Returns 0.1408 0.0406 0.0524 0.2651 -0.0560 0.3116 0.2834 0.2698 -0.2715 0.3095    Highest Quarter Return 0.2395 2020-06-30    Lowest Quarter Return -0.1703 2022-06-30    Year-to-Date Return 0.1608 2024-03-31 Average Annual Returns After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. Actual after-tax returns may differ depending on your individual circumstances. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. After-tax returns are calculated using the historical highest individual federal marginal income tax rates, but do not reflect the impact of state or local taxes. The after-tax returns shown are not relevant if you hold your shares in a retirement account or in another tax-deferred arrangement, such as an employee benefit plan (profit sharing, 401(k), or 403(b) plan). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss upon the sale of fund shares. Return Before Taxes 0.3095 0.1531 0.1177 Return After Taxes on Distributions 0.2715 0.1323 0.0960 Return After Taxes on Distributions and Sale of Fund Shares 0.2032 0.1195 0.0903 S&P 500® Index 0.2629 0.1569 0.1203 Fund Summary Fund /Class: Fidelity® Magellan® Fund /K   Investment Objective Fidelity® Magellan® Fund seeks capital appreciation. Fee Table The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay other fees, such as brokerage commissions on purchases and sales of certain classes of shares of the fund and other fees to financial intermediaries, which are not reflected in the tables and examples below. Shareholder fees 0 Annual Operating Expenses 0.0039 0 0.0001 0.0040 Adjusted to reflect current fees. This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: 41 128 224 505 Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 55 % of the average value of its portfolio. 0.55 Principal Investment Strategies Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Principal Investment Risks Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments. Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. "Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.       "Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund. Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance is not an indication of future performance. Visit www.401k.com and log in for more recent performance information. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Past performance is not an indication of future performance. www.401k.com Year-by-Year Returns 0.1419 0.0416 0.0534 0.2663 -0.0558 0.3131 0.2849 0.2698 -0.2708 0.3105    Highest Quarter Return 0.2412 2020-06-30    Lowest Quarter Return -0.1697 2022-06-30    Year-to-Date Return 0.1610 2024-03-31 Average Annual Returns Class K 0.3105 0.1541 0.1186 S&P 500® Index 0.2629 0.1569 0.1203 Fund Summary Fund: Fidelity® Magellan® K6 Fund Investment Objective Fidelity® Magellan® K6 Fund seeks capital appreciation. Fee Table The following table describes the fees and expenses that may be incurred when you buy, hold, and sell shares of the fund. In addition to the fees and expenses described below, your broker may also require you to pay brokerage commissions on purchases and sales of the fund, which are not reflected in the table and example below. Shareholder fees 0 Annual Operating Expenses 0.0045 0 0.0000 0.0045 This example helps compare the cost of investing in the fund with the cost of investing in other funds. Let's say, hypothetically, that the annual return for shares of the fund is 5% and that the fees and the annual operating expenses for shares of the fund are exactly as described in the fee table. This example illustrates the effect of fees and expenses, but is not meant to suggest actual or expected fees and expenses or returns, all of which may vary. For every $10,000 you invested, here's how much you would pay in total expenses if you sell all of your shares at the end of each time period indicated: 46 144 252 567 Portfolio Turnover The fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual operating expenses or in the example, affect the fund's performance. During the most recent fiscal year, the fund's portfolio turnover rate was 56 % of the average value of its portfolio. 0.56 Principal Investment Strategies Normally investing primarily in common stocks. Investing in domestic and foreign issuers. Investing in either "growth" stocks or "value" stocks or both. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments. Principal Investment Risks Stock Market Volatility. Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market, including different market sectors, and different types of securities can react differently to these developments. Foreign Exposure. Foreign markets can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. Issuer-Specific Changes. The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. "Growth" Investing. "Growth" stocks can perform differently from the market as a whole and other types of stocks and can be more volatile than other types of stocks.       "Value" Investing. "Value" stocks can perform differently from the market as a whole and other types of stocks and can continue to be undervalued by the market for long periods of time. An investment in the fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency .   You could lose money by investing in the fund. Performance The following information is intended to help you understand the risks of investing in the fund. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. The index description appears in the "Additional Index Information" section of the prospectus. Past performance is not an indication of future performance. Visit www.401k.com and log in for more recent performance information. The information illustrates the changes in the performance of the fund's shares from year to year and compares the performance of the fund's shares to the performance of a securities market index over various periods of time. Past performance is not an indication of future performance. www.401k.com Year-by-Year Returns 0.2914 0.2746 -0.2685 0.3131    Highest Quarter Return 0.2422 2020-06-30    Lowest Quarter Return -0.1678 2022-06-30    Year-to-Date Return 0.1614 2024-03-31 Average Annual Returns Fidelity® Magellan® K6 Fund 0.3131 0.1320 S&P 500® Index 0.2629 0.1349 2019-06-13 A The management fee comprises a basic fee, which may vary by class, that is adjusted up or down (subject to a maximum rate) based on the performance of the fund or a designated class of the fund relative to that of the S&P 500® Index. The basic fee covers administrative services previously provided under separate services agreements with the fund, for which 0.12% was previously charged under the services agreements. Please see "Fund Services - Fund Management - Advisory Fee(s)" for additional information. B Adjusted to reflect current fees. A The management fee comprises a basic fee, which may vary by class, that is adjusted up or down (subject to a maximum rate) based on the performance of the fund or a designated class of the fund relative to that of the S&P 500® Index. The basic fee covers administrative services previously provided under separate services agreements with the fund, for which 0.05% was previously charged under the services agreements. Please see "Fund Services - Fund Management - Advisory Fee(s)" for additional information. B Adjusted to reflect current fees. A From June 13, 2019 .