Fidelity Investments’ once top-of-the-heap Magellan Funds, closed to new investors since 1997, has now been outpaced by three equity funds run by one of its top rivals, American Funds, as the biggest funds in the nation, Reuters reports.

Although it still remains one of the top actively managed equity funds, Magellan saw American’s Growth Fund of America reach $74.96 billion in assets at the end of March, more than $8 billion higher than Magellan’s $66.87 billion. Investment Company of America and Washington Mutual, also from American Funds, have surpassed Magellan, with $68.93 billion and $66.92 billion, respectively.

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