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
US3162003020
316200302
Dec 28, 1992
$0
Large-Cap
Value
Expense Ratio
FMILX has an expense ratio of 0.59%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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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 -7.29% year-to-date (YTD) and 7.84% in the last 12 months. Over the past 10 years, Fidelity New Millennium Fund had an annualized return of 10.22%, while the S&P 500 benchmark had an annualized return of 10.05%, indicating that Fidelity New Millennium Fund performed slightly bigger than the benchmark.
FMILX
-7.29%
-5.30%
-5.59%
7.84%
20.17%
10.22%
^GSPC (Benchmark)
-6.75%
-5.05%
-5.60%
8.15%
14.14%
10.05%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 3.60% | -2.93% | -6.48% | -1.43% | -7.29% | ||||||||
| 2024 | 2.22% | 7.95% | 3.72% | -3.72% | 5.67% | 2.23% | 0.16% | 2.00% | 2.39% | -0.25% | 6.21% | -2.35% | 28.83% |
| 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% | 2.60% | 1.35% | 20.08% |
| 2016 | -5.75% | -0.70% | 7.61% | 2.50% | 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% | -2.51% | 1.61% | 1.03% | 0.79% | 8.39% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FMILX is 56, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
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 provided a 3.93% dividend yield over the last twelve months, with an annual payout of $2.16 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.16 | $2.16 | $1.85 | $1.66 | $3.46 | $3.15 | $1.77 | $5.70 | $3.48 | $2.40 | $0.35 | $3.64 |
Dividend yield | 3.93% | 3.64% | 3.87% | 4.19% | 8.25% | 8.60% | 4.72% | 18.25% | 8.73% | 6.65% | 1.03% | 9.39% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||||
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.16 | $2.16 |
| 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 |
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 12.21%.
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 |
| -30.91% | Jul 20, 1998 | 59 | Oct 8, 1998 | 52 | Dec 21, 1998 | 111 |
| -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 14.44%, 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.