Advertisement
Skip to Content
Morningstar

Fidelity® New Millennium FMILX

Morningstar Analyst Rating
Analyst rating as of | See Fidelity Investment Hub
  • NAV / 1-Day Return 42.62  /  0.95 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    0.540%
  • Expense Ratio 0.610%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Large Value
  • Investment Style Large Blend
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 1.48%
  • Turnover 12%

USD | NAV as of Feb 08, 2023 | 1-Day Return as of Feb 08, 2023, 11:13 PM GMT+00:00

Morningstar’s Analysis FMILX

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.

A new manager will soon take over.

Analyst

Summary

| by Paul Ruppe

Fidelity New Millennium will soon have a new lead manager with limited experience running a diversified portfolio by himself. The strategy receives a Morningstar Analyst Rating of Neutral.

Unlock our full analysis with Morningstar Investor