Fidelity New Millennium’s contrarian approach can test investors’ mettle, but strong analytical resources back its experienced manager, earning it a Morningstar Analyst Rating of Bronze.
Fidelity® New Millennium FMILX
NAV / 1-Day Return
43.20
/
0.16
%
Total Assets
2.7 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.550%
Expense Ratio
0.550%
Fee Level
Below Average
Longest Manager Tenure
15.54
years
Category
Large Blend
Investment Style
Large ValueMin. Initial Investment
0
Status
Open
TTM Yield
1.92%
Turnover
22%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will FMILX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMILX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the FMILX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of FMILX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Stands out from the crowd.
