# Fidelity Magellan ETF (FMAG) — Overview

FMAG · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/fmag

## Price

Last close $35.80 on Oct 15, 2026. 52-week range $30.61 – $37.19.

## Fund profile

FMAG is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model.

| Metric | Value |
| --- | --- |
| Issuer | Fidelity Management & Research Company LLC |
| Industry | — |
| Inception | Feb 2, 2021 |
| Assets under management | $239.0M |
| Expense ratio | 0.57% |
| Net asset value | $35.81 (as of Oct 14, 2026) |
| Distributions | Quarterly |
| Leverage | 1x |

## Frequently Asked Questions

### What is Fidelity Magellan ETF (FMAG)?

FMAG is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected firms located globally. The fund utilizes the Fidelity non-transparent model.

### What is FMAG's expense ratio?

Fidelity Magellan ETF charges an annual expense ratio of 0.57%. The fund is issued by Fidelity Management & Research Company LLC.

### How large is FMAG?

Fidelity Magellan ETF manages $239.0M in assets and has traded since Feb 2, 2021.

### How do I buy shares of Fidelity Magellan ETF (FMAG)?

FMAG trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).