Fidelity New Millennium Fund (FMILX)
The investment seeks capital appreciation. 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. The fund invests in either "growth" stocks or "value" stocks or both.
Fund Info
| ISIN | US3162003020 |
|---|---|
| CUSIP | 316200302 |
| Issuer | Fidelity |
| Inception Date | Dec 28, 1992 |
| Category | Large Cap Value Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Value |
Expense Ratio
FMILX features an expense ratio of 0.59%, falling within the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity New Millennium Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity New Millennium Fund had a return of 15.71% year-to-date (YTD) and 24.22% in the last 12 months. Over the past 10 years, Fidelity New Millennium Fund had an annualized return of 10.47%, which was very close to the S&P 500 benchmark's annualized return of 10.55%.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 15.71% | 13.39% |
| 1 month | 4.17% | 4.02% |
| 6 months | 3.68% | 5.56% |
| 1 year | 24.22% | 21.51% |
| 5 years (annualized) | 15.12% | 12.69% |
| 10 years (annualized) | 10.47% | 10.55% |
Monthly Returns
The table below presents the monthly returns of FMILX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2.22% | 7.95% | 3.72% | -3.72% | 5.67% | 2.23% | 0.16% | 2.00% | 15.71% | ||||
| 2023 | 7.13% | -2.53% | 2.32% | 0.69% | 0.42% | 7.04% | 3.10% | -1.23% | -4.59% | -2.32% | 9.03% | 4.77% | 25.37% |
| 2022 | -0.69% | 1.08% | 1.95% | -5.69% | 3.69% | -9.33% | 6.95% | -1.97% | -8.08% | 11.69% | 5.19% | -4.19% | -1.56% |
| 2021 | -0.63% | 8.34% | 5.82% | 3.79% | 3.28% | -0.69% | -0.54% | 1.31% | -2.64% | 3.93% | -5.39% | 5.94% | 23.92% |
| 2020 | -1.97% | -8.39% | -19.49% | 10.89% | 4.74% | 1.01% | 3.64% | 2.97% | -2.32% | -1.35% | 15.19% | 5.23% | 5.73% |
| 2019 | 8.65% | 2.48% | 1.27% | 3.18% | -4.30% | 6.16% | 0.33% | -3.24% | 2.04% | 2.02% | 3.45% | 2.11% | 26.17% |
| 2018 | 5.60% | -4.66% | -0.80% | 1.46% | 1.69% | 1.17% | 2.51% | 2.05% | 0.09% | -7.62% | 1.07% | -8.07% | -6.31% |
| 2017 | 1.39% | 3.28% | 0.00% | 1.11% | 0.37% | 0.84% | 2.36% | -0.40% | 3.56% | 2.08% | 2.59% | 1.35% | 20.07% |
| 2016 | -5.75% | -0.70% | 7.61% | 2.51% | 1.34% | -1.46% | 4.52% | 1.90% | 0.79% | -1.71% | 3.70% | 1.91% | 14.93% |
| 2015 | -4.00% | 6.10% | -0.43% | 1.60% | 0.73% | -0.97% | 0.55% | -5.57% | -4.18% | 7.15% | 0.41% | -13.40% | -12.86% |
| 2014 | -0.94% | 5.57% | -0.24% | -2.08% | 1.65% | 3.17% | -2.88% | 3.29% | -2.52% | 1.61% | 1.03% | 0.79% | 8.39% |
| 2013 | 5.31% | 1.47% | 4.32% | 1.10% | 3.25% | -1.28% | 5.86% | -1.82% | 4.92% | 2.58% | 3.13% | 4.31% | 38.25% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMILX is 67, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity New Millennium Fund (FMILX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity New Millennium Fund granted a 3.35% dividend yield in the last twelve months. The annual payout for that period amounted to $1.85 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.85 | $1.85 | $1.66 | $3.46 | $3.15 | $1.77 | $5.70 | $3.48 | $2.40 | $0.35 | $3.64 | $2.22 |
Dividend yield | 3.35% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 8.73% | 6.65% | 1.03% | 9.39% | 5.63% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity New Millennium Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.85 | $1.85 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $1.58 | $1.66 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.46 | $3.46 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.15 | $3.15 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.12 | $0.00 | $1.65 | $1.77 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.70 | $5.70 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.48 | $3.48 |
| 2016 | $0.15 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.25 | $2.40 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.35 |
| 2014 | $0.30 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $3.31 | $3.64 |
| 2013 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.19 | $2.22 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity New Millennium Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity New Millennium Fund was 56.03%, occurring on Oct 9, 2002. Recovery took 1054 trading sessions.
The current Fidelity New Millennium Fund drawdown is 6.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -56.03% | Mar 10, 2000 | 645 | Oct 9, 2002 | 1054 | Dec 18, 2006 | 1699 |
| -54.92% | Nov 1, 2007 | 338 | Mar 9, 2009 | 467 | Jan 12, 2011 | 805 |
| -38.92% | Jan 21, 2020 | 44 | Mar 23, 2020 | 172 | Nov 24, 2020 | 216 |
| -35.7% | Oct 10, 1997 | 260 | Oct 8, 1998 | 62 | Jan 4, 1999 | 322 |
| -28.09% | Jun 24, 2015 | 161 | Feb 11, 2016 | 258 | Feb 21, 2017 | 419 |
Volatility
Volatility Chart
The current Fidelity New Millennium Fund volatility is 5.51%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.