Fidelity New Millennium’s contrarian approach can test investors’ mettle, but strong analytical resources back its experienced manager, earning it a Morningstar Analyst Rating of Bronze.
Will FMILX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FMILX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FMILX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FMILX’s parent organization’s priorities and whether they’re in line with investors’ interests.