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Brief Study of Fidelity New Millennium Fund (FMILX)

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Fidelity New Millennium Fund (FMILX - Free Report) seeks capital appreciation. FMILX focuses on identifying industries and companies that will benefit from social and economic change by examining social attitudes, legislative actions, economic plans, product innovation, demographics and other factors, which can lead to investments in small and medium-sized companies. FMILX invests primarily in common stocks of domestic and foreign issuers.

This All Cap Growth producthas a history of positive total returns for over 10 years.  Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 6% and 5 year 13.1%. To see how this fund performed compared in its category, and #1 and #2 Ranked Mutual Funds, please click here.  

The Fidelity New Millennium fund, as of the last filing, allocates their fund in top two major groups; Large Value and Small Growth. Further, as of the last filing, BANK OF America Corp, Cisco Systems Inc and JPMorgan Chase & Co were the top holdings for FMILX.

This Zacks Rank #3 (Hold) was incepted in December 1992 and is managed by Fidelity. FMILX carries an expense ratio of 0.54% and requires a minimal initial investment of $2,500.

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