Fidelity New Millennium Fund (FMILX)

Find details about Fidelity New Millennium Fund (FMILX). As one of the best stock mutual funds, it has delivered consistent performance. This equity mutual fund is popular among investors.

Fidelity New Millennium Fund (FMILX) Profile

This Fidelity New Millennium Fund objective is to provide capital growth. The fund manager will try to identify 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.

Profile

• Fund Inception Date: November 1992
• Ticker Symbol: FMILX
• CUSIP: 316200302
• Fund Manager: John D. Roth
• Net Assets: $3.2 Billion
• Beta (3yr): 1.01
• Category: Large Growth
• Yield: 1.07%
• Expense Fee: 0.57%
• Min to Invest: $2,500
• Capital Gains: N/A
• Number of Years Up: 19 years
• Number of Years Down: 5 years
• Turnover rate: 44%

Updated on May 2017

As part of no load fund, there is no 12b1 fee as well as no sales-load fee charged for the investor of this fund. The FMILX fund has a low annual expense ratio of 0.57% and the average annual expense ratio for the large-growth category is 1.31%. The current yield is 1.07%. This fund has been managed by John D. Roth.

Fidelity New Millennium Fund (FMILX) Performance

You can find the Fidelity New Millennium Fund (FMILX) performance for the past years:

• Year 2017: 5.88% (YTD)
• Year 2016: 14.92%
• Year 2015: -3.17%
• Year 2014: 6.96%
• Year 2013: 37.19%

How to Buy

You can start investing in this fund with as little as $2,500. Several brokerages where you can buy include Raymond James, Schwab All (Retail, Instl, Retirement), Morgan Stanley, Fidelity Investment, etc.

Note: This Fidelity New Millennium Fund (FMILX) is part of Kiplinger's Best Mutual Funds, Kip 25.