Fidelity New Millennium Fund
FMILX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Dec 28, 1992
- CIK
- 0000707823
- Website
- institutional.fidelity.com
- Similar Companies
- Business
- Fidelity New Millennium Fund (FMILX) is an open-end mutual fund managed by Fidelity Investments that seeks capital appreciation by investing primarily in common stocks of domestic and foreign companies positioned to benefit from long-term marketplace changes. The fund employs a flexible investment strategy, normally investing at least 80% of its assets in equity securities; this includes growth and value stocks across all market capitalizations, with a focus on identifying early indicators of secular shifts such as technological advances, product innovation, demographic trends, economic policies, and social attitudes, which often leads to allocations in small- and medium-cap companies alongside large-cap holdings. It maintains a diversified portfolio typically comprising 150-200 stocks, with sector exposures emphasizing information technology, financial services, energy, and healthcare; top holdings as of recent reports include companies like Cisco Systems, Visa, and Chevron, representing about 10% of assets. The fund offers shares through no-load retail and institutional classes, with a net expense ratio of 0.59%-0.76%; it provides daily liquidity at net asset value, minimum initial investments starting at $0 for retail investors, and is available to individual, retirement, and institutional accounts in the United States. Geographically, it operates primarily in U.S. markets with selective international exposure to developed regions including Canada, Europe, and the United Kingdom. Launched on December 28, 1992, the fund is domiciled in the United States and headquartered at Fidelity Investments' campus in Boston, Massachusetts. In recent developments, Daniel Sherwood assumed portfolio management responsibilities on October 20, 2022, succeeding prior managers and implementing a refined all-cap approach with continued emphasis on secular growth themes amid market volatility. The fund reported total net assets of approximately $5.44 billion as of late 2024, reflecting steady inflows despite 2025 year-to-date performance challenges; no major acquisitions, partnerships, or structural changes have been announced in the last 1-2 years, maintaining its core strategy within Fidelity's broader equity lineup. It remains classified in the Large Blend Morningstar category, with ongoing focus on risk-adjusted returns through active stock selection and moderate portfolio turnover around 57%.