Fidelity Magellan ETF

Fidelity Magellan ETF is an actively managed exchange-traded fund designed to provide broad exposure to U.S. and select global equity markets through a concentrated portfolio of stocks chosen for their growth characteristics and business quality. The fund uses a bottom-up research approach that combines fundamental analysis and quantitative screening to identify companies across sectors and market capitalizations. Its portfolio typically includes a mix of established large-cap names and other high-conviction holdings, giving it a diversified but focused structure. Fidelity Magellan ETF is intended to serve as a core equity allocation for investors seeking a professionally managed strategy within an ETF format. As part of Fidelity’s lineup, it reflects the firm’s active management expertise and offers access to a flexible, stock-driven approach that is commonly used in long-term portfolio construction.