As a long-standing authority on Fidelity funds, advisor Jim Lowell has extraordinary access to the top managers within the Fidelity family.

Here, the editor of Fidelity Investor offers his personal outlook on Fidelity Magellan (FMAGX) -- which he considers a "smart buy" -- plus highlights from an in-depth interview he recently conducted with Magellan fund manager Harry Lange.

"Magellan is a buy for growth. Make that global growth. Indeed, I would consider this fund a 'stellar' long-term buy. The fund turned $10,000 into over $16 million since its launch back in 1963 compared to that same $10,000 over the same long-term time period being turned into only $800,000 if it had been invested in the S&P 500.

"Magellan is currently considered a large cap growth fund. But Lange can, has and will continue to invest in either growth or value stocks in a range that reaches across the mid- and small-cap borders if it suits him. Foreign holdings make up 26.5% of the portfolio.

"The fund's top ten holdings: Nokia, Corning, Canadian Natural Resources, Staples, Monsanto, Google, Applied Materials, America Movil, Suncor Energy, and Allergan." Meanwhile, in Lowell's latest issue of Fidelity Investor, he interviews Harry Lange. Here is Lowell's Q&A with the Magellan manager: