Fidelity New Millennium Fund Quote
| FMILX Fund | USD 56.04 0.62 1.09% |
PerformanceVery Weak
| Odds Of DistressLow
|
Fidelity New is trading at 56.04 as of the 19th of March 2025; that is 1.09 percent decrease since the beginning of the trading day. The fund's open price was 56.66. Fidelity New has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. The performance scores are derived for the period starting the 19th of December 2024 and ending today, the 19th of March 2025. Click here to learn more.
The fund normally invests in common stocks. The advisor identifies early signs of long-term changes in the marketplace and focusing on those companies that may benefit from opportunities created by these changes by examining technological advances, product innovation, economic plans, demographics, social attitudes, and other factors, which can lead to investments in small and medium-sized companies. More on Fidelity New Millennium
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Fidelity Mutual Fund Highlights
| Fund Concentration | Fidelity Investments Funds, Large Blend Funds, Large Blend, Fidelity Investments, Large Value, Large Blend (View all Sectors) |
| Update Date | 31st of March 2025 |
| Expense Ratio Date | 28th of January 2023 |
| Fiscal Year End | November |
Fidelity New Millennium [FMILX] is traded in USA and was established 19th of March 2025. Fidelity New is listed under Fidelity Investments category by Fama And French industry classification. The fund is listed under Large Blend category and is part of Fidelity Investments family. This fund currently has accumulated 3.13 B in assets under management (AUM) with no minimum investment requirementsFidelity New Millennium is currently producing year-to-date (YTD) return of 0.57% with the current yeild of 0.0%, while the total return for the last 3 years was 15.78%.
Check Fidelity New Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity New Millennium Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity New Millennium Mutual Fund Constituents
| CVX | Chevron Corp | Stock | Energy | |
| BMY | Bristol Myers Squibb | Stock | Health Care | |
| CSCO | Cisco Systems | Stock | Information Technology | |
| COP | ConocoPhillips | Stock | Energy | |
| WFC | Wells Fargo | Stock | Financials | |
| WMT | Walmart | Stock | Consumer Staples | |
| BAC | Bank of America | Stock | Financials | |
| NOC | Northrop Grumman | Stock | Industrials |
Fidelity New Millennium Risk Profiles
| Mean Deviation | 0.9664 | |||
| Standard Deviation | 1.24 | |||
| Variance | 1.54 | |||
| Risk Adjusted Performance | (0.11) |
Fidelity New Against Markets
Other Information on Investing in Fidelity Mutual Fund
Fidelity New financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity New security.
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