Symbols of the Federal Bureau of Investigation of the FBI; the red stripes stand for courage, valor, and strength, while the white ones represent light, cleanliness, and truth. Below the wreath and shield is a scroll bearing the words "Fidelity, Bravery, Integrity". This slogan, which was devised in 1935 by FBI Inspector W.H. Drane Lester, describes the high moral standards and high level of motivation the FBI expects from its staff. It also reflects the Bureau's own initials as a "backronym" of sorts. However, a "Newsweek" article from 2008 credits Edward Allen Tamm, once a top aide to J. Edgar Hoover who regularly briefed President Franklin Roosevelt
Fidelity Magellan Fund 25 per cent of Magellan is invested in companies based outside the US. In May 2006, Magellan made a capital gains distribution to shareholders of $22.11 representing roughly 18% of assets. As of 12/31/08 the total AUM for the Magellan Fund stands at $19 billion. Lange has said that he believes Magellan can handle more assets. After being closed for over a decade, on January 14, 2008, Fidelity announced that the fund would be re-opened to new investors. On September 13, 2011, Fidelity named Jeffrey S. Feingold, manager of Fidelity Trend Fund, as the next manager of Fidelity Magellan Fund.