Large Price Drop of Multiple Fidelity Funds is due to Capital Gains Distribution

The Fidelity Magellan Fund (FMAGX) and several other Fidelity sector and international funds experienced large percentage drops of their Net Asset Value (NAV) at the end of the Friday trading session due to the distribution of capital gains. Investors will receive the distributions on the “pay date”, which is Monday, December 8. For more details click here.

Here are a few examples of Fidelity funds with large price drops:

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fmagx

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Impressive Performance by the Fidelity Magellan Fund

The Fidelity Magellan Fund (FMAGX, last change: 1.43%)

The chart of the Fidelity Magellan Fund (FMAGX, last change: 1.43%) shows a steady  uptrend which started in July 2012 and shows no signs of slowing down.

 

Buy/sell signals for Fidelity funds are available at FidelitySignal.com