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FMILX Fidelity® New Millennium

  • Fund
  • FMILX
  • Price as of: Jul 09, 2019
  • $37.14 - $0.03 - 0.08%
  • Category
  • Large Cap Growth Equities

FMILX - Profile

Vitals

  • YTD Return 19.0%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return -2.3%
  • Net Assets $3.06 B
  • Holdings in Top 10 23.1%

52 WEEK LOW AND HIGH

$37.14
$30.71
$43.85

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.64%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 37.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Blend

Distributions

  • YTD Total Return 19.0%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.03%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity® New Millennium Fund®
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 28, 1992
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager John D. Roth

Fund Description

The Fidelity New Millennium Fund (FMILX) is an actively managed fund designed to aggressively increase investor capital. The fund’s management looks for various technological advances, innovations, economic plans, demographics, social attitudes and other factors to create a portfolio of “disruptors”, or small- and mid-cap game-changing stocks. The fund is not bound by sector or style and can hold growth or value stocks as it sees fit. Expenses for FMILX are low.

Given its potential for high growth and high losses, FMILX is very much a tactical position and not a core holding. The fund is managed by Fidelity.

FMILX - Performance

Return Ranking - Trailing

Period FMILX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.0% -4.9% 41.0% 40.96%
1 Yr -11.6% -63.6% 17.1% 75.44%
3 Yr 2.1%* -39.0% 23.3% 74.40%
5 Yr -2.3%* -31.7% 22.5% 78.78%
10 Yr 7.2%* -12.8% 17.1% 66.67%

* Annualized


Return Ranking - Calendar

Period FMILX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.6% -65.5% 7.8% 85.43%
2017 10.4% -28.2% 41.0% 84.45%
2016 7.7% -56.6% 18.1% 6.48%
2015 -13.7% -38.0% 11.4% 92.01%
2014 -1.8% -52.4% 105.4% 70.85%

Total Return Ranking - Trailing

Period FMILX Return Category Return Low Category Return High Rank in Category (%)
YTD 19.0% 0.0% 41.0% 41.05%
1 Yr -11.6% -63.6% 24.5% 83.86%
3 Yr 7.1%* -39.0% 29.6% 72.81%
5 Yr 2.4%* -31.7% 31.3% 81.65%
10 Yr 12.1%* -12.8% 20.8% 55.94%

* Annualized


Total Return Ranking - Calendar

Period FMILX Return Category Return Low Category Return High Rank in Category (%)
2018 -21.6% -65.5% 16.5% 90.43%
2017 20.1% -28.2% 48.9% 73.94%
2016 14.9% -56.6% 26.8% 1.06%
2015 -13.7% -38.0% 17.3% 97.69%
2014 7.7% -52.4% 120.7% 60.95%

NAV & Total Return History

FMILX - Holdings

Concentration Analysis

FMILX Category Low Category High FMILX % Rank
Net Assets 3.06 B 898 K 195 B 36.58%
Number of Holdings 168 6 2032 16.84%
Net Assets in Top 10 672 M 592 K 54.6 B 45.00%
Weighting of Top 10 23.05% 13.6% 2492.0% 91.58%

Top 10 Holdings

  1. General Electric Co 4.23%

  2. Exxon Mobil Corp 2.87%

  3. Bank of America Corporation 2.47%

  4. American International Group Inc 2.29%

  5. Comcast Corp Class A 2.25%

  6. Walmart Inc 2.09%

  7. Berkshire Hathaway Inc B 1.97%

  8. Duke Energy Corp 1.71%

  9. Procter & Gamble Co 1.69%

  10. Cisco Systems Inc 1.48%


Asset Allocation

Weighting Return Low Return High FMILX % Rank
Stocks
93.04% 19.56% 118.91% 87.63%
Cash
4.08% -2458.20% 57.26% 17.19%
Other
2.34% -13.96% 43.00% 2.98%
Preferred Stocks
0.41% 0.00% 14.01% 8.33%
Bonds
0.13% -0.01% 2458.15% 5.79%
Convertible Bonds
0.00% 0.00% 2.72% 33.33%

Stock Sector Breakdown

Weighting Return Low Return High FMILX % Rank
Financial Services
20.36% 0.00% 39.70% 6.75%
Industrials
12.69% 0.00% 25.15% 20.44%
Consumer Defense
9.96% 0.00% 17.04% 5.35%
Healthcare
9.54% 0.00% 95.23% 88.86%
Energy
9.46% 0.00% 15.19% 1.58%
Consumer Cyclical
8.71% 0.00% 34.98% 92.98%
Technology
6.60% 0.00% 61.29% 99.30%
Utilities
6.14% -0.01% 14.39% 0.96%
Communication Services
4.55% 0.00% 15.66% 10.09%
Basic Materials
2.71% 0.00% 12.25% 32.28%
Real Estate
2.05% 0.00% 10.55% 25.35%

Stock Geographic Breakdown

Weighting Return Low Return High FMILX % Rank
US
79.68% 6.81% 117.83% 92.72%
Non US
13.36% 0.00% 91.64% 10.26%

Bond Sector Breakdown

Weighting Return Low Return High FMILX % Rank
Cash & Equivalents
3.90% -2458.20% 57.26% 17.64%
Corporate
0.42% 0.00% 48.13% 12.17%
Derivative
0.18% -0.06% 0.53% 0.97%
Securitized
0.00% 0.00% 15.88% 33.33%
Municipal
0.00% 0.00% 1.62% 32.89%
Government
0.00% 0.00% 2458.15% 34.30%

Bond Geographic Breakdown

Weighting Return Low Return High FMILX % Rank
US
0.12% -0.01% 2458.15% 5.53%
Non US
0.01% -0.29% 12.71% 3.16%

FMILX - Expenses

Operational Fees

FMILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.64% 0.00% 15.15% 87.63%
Management Fee 0.45% 0.00% 1.44% 18.25%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

FMILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 8.50% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

FMILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 5.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMILX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 37.00% 0.00% 650.00% 41.93%

FMILX - Distributions

Dividend Yield Analysis

FMILX Category Low Category High FMILX % Rank
Dividend Yield 0.01% 0.00% 0.12% 6.14%

Dividend Distribution Analysis

FMILX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FMILX Category Low Category High FMILX % Rank
Net Income Ratio 1.03% -14.30% 2.62% 6.32%

Capital Gain Distribution Analysis

FMILX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FMILX - Managers

John D. Roth

Manager

Start Date

Tenure

Tenure Rank

Jul 03, 2006

13.0

13.0%

Mr. Roth is a portfolio manager of Fidelity Investments. He joined Fidelity Investments as a research analyst in 1999. Previously, he was an equity trader with Tucker Anthony in Boston from 1992 to 1997.


Tenure Analysis

Category Low

0.75

Category High

25.68

Category Average

6.9

Category Mode

1.22