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Fidelity® New Millennium ETF FMIL

Quantitative rating as of

Morningstar’s Analysis FMIL

Will FMIL outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.



A lowering of its Process Pillar rating is the primary driver of Fidelity® New Millennium ETF's downgrade to a Morningstar Quantitative Rating of Neutral from Silver. The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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