|
|
|
Because of a revision in the investment program within the company I work for,
I have just reviewed many fund options. Those that look the best to me are
almost exclusively Fidelity funds. I am particularly interested in:
Average Annual Return
----------------------------------
Fund 10 yrs 5 yrs 3 yrs
--------------------------------------------------------------------
Fidelity Contrafund 19.36% 20.08% 17.72%
Fidelity Growth & Income Fund 17.78%* 15.38% 15.21%
Fidelity Value Fund 13.42% 15.34% 17.33%
Fidelity Magellen Fund 18.28% 16.24% 31.16%
S&P500 (For reference) 14.68% 12.09% 13.26%
*since 12/30/85
Since I reviewed these funds, I thought I might as well pass the info along
to anyone else who is interested. Anyone else have any that you'd recommend?
8 responses total.
I have had some money invested in Magellan since the late 80s. I am very pleased with that fund. They figured out that technology stocks would be hot this year before they actually got hot. It is up 43% since jan 1, and that is down from where it was in early Sept, when it was up 48%. Now if they can anticipate the next cycle as adroitly, they will be impossible to beat. They are not for the risk-averse, though. I also have money invested ina Vanguard Index fund. It will do almost exactly the same as the S&P 500 Index, which is also not bad this year. Low overhead.
Magellan is mind-bogglingly huge, which has its own set of concerns. I ended up opting for Vanguard PrimeCap instead of Magellan because of that (not to mention I would have had to pay a maint fee for the latter) which limits its growth by being closed to new investors; otherwise it seems generally similar in goals and performance. (I assume you looked at more than just 1,5, and 10 year returns in evaluating the funds. :-)
No, that's all the data I had. I have heard that Fidelity Magellan is the largest single shareholder in Chrysler Corp. I have not read this in print, just some office discussions. Anyone know if that is true? (supposedly something like 21%).
We like Janus funds, 20th Century Ultra, Kauffman, TIAA and CREF.
The main concern of Hugeness is that they would be unable to divest themselves quickly of anything, or that they would have to overdiversify in order to keep from owning too much of any one thing. Magellan has been surprisingly good at dealing with these problems, so far, at least.
3: My recollection is that all Fidelity fund *combined* own the largest block of C shares. And it is just slightly more than Kirkorian, around 15%.
(I assume there was things other than the data, like the fund strategy
and at least some of the prospectus and the top holdings and the like.)
BTW, here's Money's evaluation of it...
FIDELITY MAGELLAN FUND
FIDELITY ADVISERS, INC.
800-544-8888
Symbol: FMAGX
----------Assets & Yields---------- --------Expenses & Risk---------
Obj: Growth Maximum Load Fee (%): 3.00
Total Assets (Mil$): 53038 Annual Expense Rate (%): .96
Net Asset Value Per Share: 91.99 Redemption Fee: NO
Asset Allocation - % Cash: 2.2 12b-1 Fee: NO
Asset Allocation - % Fixed: 3.0 Beta Coefficient: 1.060
Asset Allocation - % Equity: 94.8 Alpha Rating (10-1): 1
Latest 12-Mo Divd Yield (%): .35 Risk Rating (10-1): 9
SEC482 % Yield - 09/30/95: N/A Diversified vs. S&P 500 (%): 62
-------------------------Performance Ratings-------------------------
Overall Rating (10-1): 6 Rating in GR Group (10-1): 5
-------------------------Relative Performance------------------------
Bull Bear
Curr Curr ---------Annualized-------- 10/90 05/90
As of 11/30/95 Month YTD 1YR 3YRS 5YRS 10YRS 11/95 10/90
-------------- ----- ------ ------ ------ ------ ------ ------ ------
Fund % Return 2.22 38.31 40.26 19.95 21.38 18.15 183.4 -17.2
Avg. GR Fund 3.4 31.4 32.7 14.4 16.9 13.7 132.9 -17.1
S&P 500 4.3 34.8 36.8 15.0 16.7 15.1 130.5 -14.5
GR Group Rank 2 9 10 10 9 10 9 5
Overall Rank 7 10 10 10 10 10 10 2
---Portfolio By Sector(%)--- -----------Top Stock Holdings----------
S&P Mkt Value %
Sector Fund 500 Stock Name ($000) Port
----------------- ---- ---- ----------------------- --------- -----
Basic Industries 6 7 HEWLETT PACKARD CO 1,079,439 2.2
Cap Goods & Tech 56 20 CHRYSLER CORP 1,057,949 2.2
Consumer Cyclical 12 13 MICRON TECHNOLOGY INC 934,196 1.9
Consumer Stable 3 22 MOTOROLA INC 933,073 1.9
Energy 1 7 TEXAS INSTRS INC 908,187 1.9
Finance 12 13 CATERPILLAR INC 823,749 1.7
Transportation 7 2 COLUMBIA / HCA HEALTHCA 821,184 1.7
Utilities 0 13 APPLIED MATLS INC 786,497 1.6
Miscellaneous 5 4 LSI LOGIC CORP 742,597 1.5
GENERAL MTRS CORP 735,312 1.5
--Weighted Avg. P/E Ratio--- ------Weighted Average Cap. (Bil$)------
FIDELITY MAGELLAN FUND 22.2 FIDELITY MAGELLAN FUND 10.5
S&P 500 19.6 S&P 500 28.5
------------------------Portfolio By Sector(%)-----------------------
No. 06/94 Value Yield Years
Sector Iss. Mil$ Pct. Mat. Coupon Mat. Dur. Qly
------------------- ---- ----- ----- ----- ------ ---- ---- ---
Industrial 39 158 49.1 10.2 9.8 7.9 5.3 BB
Utility 3 10 3.1 7.6 9.6 9.2 5.4 B
Finance 2 4 1.2 9.2 9.7 15.0 8.3 B
Government 0 0 .0 .0 .0 .0 .0 N/A
Mortgage-Backed 0 0 .0 .0 .0 .0 .0 N/A
Not Available (N/A) 52 150 46.6 11.3 10.5 7.7 5.7 B
---------------------------------------------------------------------
Total Portfolio 96 322 100.0 10.6 10.1 8.0 5.5 BB
Average 3009 Mgrs 64 209 100.0 7.9 80.0 10.9 63.0 AA
thanks for the info - I printed it and will take a close look.
Response not possible - You must register and login before posting.
|
|
|
- Backtalk version 1.3.30 - Copyright 1996-2006, Jan Wolter and Steve Weiss