(FMIL) Fidelity New Millennium - BATS

ETF Category: Large Blend | Exchange: BATS (USA) | Market Cap: 1.171m USD | Total Return: 25.3% in 12m

Equity Securities, Domestic Stocks, Foreign Stocks
Total Rating 56
Safety 43
Buy Signal -0.02
Large Blend
Category Rotation: -9.4
TER: 0.38%
AUM: 1.17B
Avg Turnover: 5.23M
Risk 3d forecast
Volatility19.1%
VaR 5th Pctl3.56%
VaR vs Median3.41%
Reward TTM
Sharpe Ratio1.37
Rel. Str. IBD56.1
Rel. Str. Peer Group30
Character TTM
Beta1.008
Beta Downside0.989
Hurst Exponent0.554
Drawdowns 3y
Max DD19.72%
CAGR/Max DD1.12
CAGR/Mean DD9.86

Warnings

No concerns identified

Tailwinds

Shakeout

Description: FMIL Fidelity New Millennium

The Fidelity® New Millennium ETF (FMIL) is an actively managed exchange-traded fund that focuses on identifying companies positioned to benefit from structural shifts in the global marketplace. The fund’s strategy centers on long-term secular trends, including demographic transitions, technological evolution, and changing social attitudes. This approach allows for exposure across various market capitalizations, including small- and mid-cap firms, and includes both domestic and international issuers.

The fund operates within the Large Blend category, a sector typically characterized by a mix of growth and value stocks that provide broad market exposure while mitigating the volatility associated with pure growth plays. By targeting early signs of change, the management team seeks to capture alpha before market valuations fully reflect emerging innovations or economic shifts. Investors can use ValueRay to further analyze how these specific holdings align with broader sector trends. This methodology relies on fundamental analysis of product innovation and economic planning to identify sustainable competitive advantages.

Headlines to Watch Out For
  • Early identification of long-term market shifts drives alpha through thematic security selection
  • Exposure to small and mid-cap equities increases sensitivity to domestic economic cycles
  • Technological innovation and product cycles dictate performance of core growth holdings
  • Shifting demographic and social trends influence long-term sector weightings and returns
  • Global macroeconomic conditions impact performance of domestic and foreign equity investments
What is the price of FMIL shares?

As of June 20, 2026, the stock is trading at USD 58.22 with a total of 117,142 shares traded.
Over the past week, the price has changed by +1.11%, over one month by +0.80%, over three months by +12.35% and over the past year by +25.33%.

Is FMIL a buy, sell or hold?

Fidelity New Millennium has no consensus analysts rating.