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Fidelity New Millennium ETF

Active ETF
FMIL
Payout Change
Pending
Price as of:
$39.505 -0.11 -0.27%
primary theme
N/A
FMIL (ETF)

Fidelity New Millennium ETF

Payout Change
Pending
Price as of:
$39.505 -0.11 -0.27%
primary theme
N/A
FMIL (ETF)

Fidelity New Millennium ETF

Payout Change
Pending
Price as of:
$39.505 -0.11 -0.27%
primary theme
N/A

Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity New Millennium ETF

FMIL | Active ETF

$39.51

$108 M

0.41%

$0.16

0.38%

Vitals

YTD Return

9.2%

1 yr return

31.6%

3 Yr Avg Return

16.2%

5 Yr Avg Return

N/A

Net Assets

$108 M

Holdings in Top 10

31.5%

52 WEEK LOW AND HIGH

$39.6
$29.17
$39.61

Expenses

OPERATING FEES

Expense Ratio 0.38%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 68.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 02/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity New Millennium ETF

FMIL | Active ETF

$39.51

$108 M

0.41%

$0.16

0.38%

FMIL - Profile

Distributions

  • YTD Total Return 9.2%
  • 3 Yr Annualized Total Return 16.2%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.33%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Fidelity New Millennium ETF
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jun 04, 2020
  • Shares Outstanding
    2075000
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Andy Browder

Fund Description

Normally investing at least 80% of assets in equity securities of companies with large market capitalizations (which, for purposes of the fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index).Investing in domestic and foreign issuers.Investing in either "growth" stocks or "value" stocks or both.Using an investment process that starts with fundamental analyst research and security recommendations, and reference portfolios managed by Fidelity Management & Research Company LLC (FMR) (the Adviser) that are based on fundamental analysis, and then applying a quantitative portfolio construction process designed to emphasize securities in which the Adviser has high conviction subject to appropriate security and portfolio-level risk, liquidity, and trading characteristics.
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FMIL - Performance

Return Ranking - Trailing

Period FMIL Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% -6.3% 13.4% 0.26%
1 Yr 31.6% -9.9% 31.6% 0.09%
3 Yr 16.2%* -3.2% 33.8% 0.18%
5 Yr N/A* -0.8% 43.4% 60.58%
10 Yr N/A* 1.2% 24.6% 72.07%

* Annualized

Return Ranking - Calendar

Period FMIL Return Category Return Low Category Return High Rank in Category (%)
2023 24.3% -24.9% 46.1% 1.37%
2022 -1.7% -65.1% 4.6% 3.04%
2021 22.4% -44.2% 57.5% 19.55%
2020 N/A -23.2% 285.0% N/A
2019 N/A -21.4% 48.5% N/A

Total Return Ranking - Trailing

Period FMIL Return Category Return Low Category Return High Rank in Category (%)
YTD 9.2% -6.3% 13.4% 0.26%
1 Yr 31.6% -9.9% 31.6% 0.09%
3 Yr 16.2%* -3.2% 33.8% 0.18%
5 Yr N/A* -0.8% 43.4% N/A
10 Yr N/A* 1.2% 24.6% N/A

* Annualized

Total Return Ranking - Calendar

Period FMIL Return Category Return Low Category Return High Rank in Category (%)
2023 25.1% -15.9% 46.7% 2.13%
2022 0.0% -42.0% 8.5% 9.47%
2021 24.6% 3.6% 129.7% 68.75%
2020 N/A -22.6% 304.8% N/A
2019 N/A -12.7% 52.1% N/A

FMIL - Holdings

Concentration Analysis

FMIL Category Low Category High FMIL % Rank
Net Assets 108 M 1.56 M 144 B 84.51%
Number of Holdings 135 2 1689 22.28%
Net Assets in Top 10 37.5 M 405 K 33.3 B 82.95%
Weighting of Top 10 31.51% 5.5% 99.9% 33.64%

Top 10 Holdings

  1. MICROSOFT CORP 7.75%
  2. APPLE INC 4.91%
  3. AMAZON.COM INC 3.09%
  4. NVIDIA CORP 3.02%
  5. ALPHABET INC CL A 2.56%
  6. META PLATFORMS INC CL A 2.30%
  7. ELI LILLY and CO 2.26%
  8. UNITEDHEALTH GROUP INC 2.01%
  9. EXXON MOBIL CORP 1.90%
  10. VISA INC CL A 1.70%

Asset Allocation

Weighting Return Low Return High FMIL % Rank
Stocks 		98.80% 0.00% 116.22% 40.51%
Cash 		1.20% -0.79% 31.78% 57.38%
Preferred Stocks 		0.00% 0.00% 12.66% 83.38%
Other 		0.00% -3.53% 37.48% 77.72%
Convertible Bonds 		0.00% 0.00% 3.66% 82.99%
Bonds 		0.00% -0.61% 84.25% 83.38%

Stock Sector Breakdown

Weighting Return Low Return High FMIL % Rank
Financial Services 		19.11% 0.00% 58.05% 52.59%
Energy 		17.83% 0.00% 54.00% 2.29%
Healthcare 		15.49% 0.00% 30.08% 68.48%
Industrials 		11.10% 0.00% 42.76% 55.73%
Consumer Cyclical 		8.10% 0.00% 22.74% 21.92%
Technology 		7.15% 0.00% 54.02% 88.36%
Communication Services 		6.34% 0.00% 26.58% 39.85%
Consumer Defense 		4.57% 0.00% 34.10% 85.39%
Utilities 		3.67% 0.00% 27.04% 63.30%
Basic Materials 		3.37% 0.00% 21.69% 49.11%
Real Estate 		3.27% 0.00% 90.54% 41.46%

Stock Geographic Breakdown

Weighting Return Low Return High FMIL % Rank
US 		98.00% 0.00% 116.22% 45.91%
Non US 		0.80% 0.00% 27.89% 33.92%

FMIL - Expenses

Operational Fees

FMIL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.38% 0.01% 17.54% 92.72%
Management Fee 0.38% 0.00% 1.50% 14.26%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

FMIL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

FMIL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMIL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 488.00% 76.26%

FMIL - Distributions

Dividend Yield Analysis

FMIL Category Low Category High FMIL % Rank
Dividend Yield 0.41% 0.00% 38.14% 7.15%

Dividend Distribution Analysis

FMIL Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annual

Net Income Ratio Analysis

FMIL Category Low Category High FMIL % Rank
Net Income Ratio 1.33% -1.51% 4.28% 50.52%

Capital Gain Distribution Analysis

FMIL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

FMIL - Fund Manager Analysis

Managers

Andy Browder

Start Date

Tenure

Tenure Rank

Jun 02, 2020

1.99

2.0%

John Roth

Start Date

Tenure

Tenure Rank

Jun 02, 2020

1.99

2.0%

John Roth is a portfolio manager of Fidelity Investments. He joined Fidelity Investments as a research analyst in 1998. Previously, he was an equity trader with Tucker Anthony in Boston from 1992 to 1997.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.05 86.59 8.01 16.42

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