Fidelity New Millennium Fund Quote
| FMILX Fund | USD 62.65 0.30 0.48% |
Performance13 of 100
| Odds Of DistressLess than 17
|
Fidelity New is trading at 62.65 as of the 27th of November 2024; that is 0.48 percent decrease since the beginning of the trading day. The fund's open price was 62.95. Fidelity New has less than a 17 % chance of experiencing some financial distress in the next two years of operation and had a good performance during the last 90 days. Equity ratings for Fidelity New Millennium are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of May 2024 and ending today, the 27th of November 2024. Click here to learn more.
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. More on Fidelity New Millennium
Moving together with Fidelity Mutual Fund
| 0.96 | FPURX | Fidelity Puritan | PairCorr |
| 0.96 | FPUKX | Fidelity Puritan | PairCorr |
| 0.82 | FQIPX | Fidelity Freedom Index | PairCorr |
Moving against Fidelity Mutual Fund
Fidelity Mutual Fund Highlights
| Fund Concentration | Fidelity Investments Funds, Large Growth Funds, Large Value Funds, Large Value, Fidelity Investments, Large Value, Large Blend (View all Sectors) |
| Update Date | 30th of September 2024 |
| Expense Ratio Date | 28th of January 2023 |
| Fiscal Year End | November |
Fidelity New Millennium [FMILX] is traded in USA and was established 27th of November 2024. Fidelity New is listed under Fidelity Investments category by Fama And French industry classification. The fund is listed under Large Value category and is part of Fidelity Investments family. This fund currently has accumulated 3.13 B in assets under management (AUM) with no minimum investment requirementsFidelity New Millennium is currently producing year-to-date (YTD) return of 30.86% with the current yeild of 0.0%, while the total return for the last 3 years was 17.85%.
Check Fidelity New Probability Of Bankruptcy
Instrument Allocation
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Fidelity Mutual Fund. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Fidelity Mutual Fund, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Fidelity New Millennium Mutual Fund, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Fidelity New Millennium Mutual Fund Constituents
| XOM | Exxon Mobil Corp | Stock | Energy | |
| GD | General Dynamics | Stock | Industrials | |
| HES | Hess Corporation | Stock | Energy | |
| WFC | Wells Fargo | Stock | Financials | |
| PNC | PNC Financial Services | Stock | Financials | |
| JPM | JPMorgan Chase Co | Stock | Financials | |
| GE | GE Aerospace | Stock | Industrials | |
| AAPL | Apple Inc | Stock | Information Technology |
Fidelity New Millennium Risk Profiles
| Mean Deviation | 0.5721 | |||
| Semi Deviation | 0.7347 | |||
| Standard Deviation | 0.8255 | |||
| Variance | 0.6814 |
Fidelity New Against Markets
Other Information on Investing in Fidelity Mutual Fund
Fidelity New financial ratios help investors to determine whether Fidelity Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Fidelity with respect to the benefits of owning Fidelity New security.
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