# Fidelity New Millennium Fund (FMILX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fmilx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Fidelity · Asset class: Equity - Strategy: Thematic · Inception: 1992-12-28 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 ben... ## Key Facts | Metric | Value | |---|---| | Price | $75.76 | | Expense Ratio | 0.76% | | Assets Under Management | $6.06B | | NAV | $75.76 | | Holdings Count | — | | Distribution Yield (TTM) | 4.54% | | Annual Distribution (TTM) | $3.44 /share | | Distribution Frequency | Annual | | 52-Week Range | $62.87 – $79.96 | | Beta | 0.93 | ## Latest Distribution - Amount: $3.4400 /share - Ex-date: 2025-12-26 - Pay date: 2025-12-29 ## Frequently Asked Questions ### 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. ### Does FMILX pay a dividend? Fidelity New Millennium Fund (FMILX) currently distributes little or no income. Trailing-twelve-month yield is 4.54%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FMILX pay dividends? Fidelity New Millennium Fund pays dividends Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FMILX's dividend yield? FMILX's trailing-twelve-month yield is 4.54%, calculated from the sum of dividends over the past year divided by the current price. ### When is FMILX's next ex-dividend date? The most recently announced ex-dividend date for FMILX was 2025-12-26. The next ex-date typically follows Annual; once announced it appears at the top of the dividend history table on this page. ### How much will FMILX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.76% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FMILX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FMILX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FMILX cost more than a fund like VOO? FMILX's strategy (current expense ratio 0.76%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FMILX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FMILX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FMILX (0.76%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fmilx - Distribution history: https://www.dividenddata.com/funds/fmilx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fmilx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fmilx/expenses - Peer comparison: https://www.dividenddata.com/funds/fmilx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.