- What does FMILX invest in?
- The Fidelity New Millennium Fund strives to generate capital appreciation for its investors. It primarily allocates its assets to common stocks. The fund's strategy involves the advisor actively discerning early indicators of major, enduring shifts across various markets. This is achieved by thoroughly analyzing elements like technological advancements, new product developments, economic forecasts, population demographics, and changing societal values. The ultimate goal is to pinpoint and invest in companies, frequently those of small to medium size, that are strategically positioned to benefit from the emerging opportunities these transformations create. The fund's holdings may encompass either growth-oriented stocks, value-focused stocks, or a blend of both.
- What is the expense ratio of FMILX?
- Fidelity New Millennium Fund (FMILX) charges an expense ratio of 0.76%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is FMILX?
- Fidelity New Millennium Fund (FMILX) manages $6.06B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.
- Is FMILX actively managed or an index fund?
- FMILX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was FMILX launched?
- Fidelity New Millennium Fund (FMILX) launched in December 1992 and is managed by Fidelity.
- How has FMILX performed?
- FMILX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.
