Fidelity New Millennium Fund (FMILX)

Fidelity New Millennium Fund is an actively managed mutual fund focused on U.S. equities, primarily categorized within the large blend segment. Established in 1992 and managed by Fidelity Investments, the fund seeks capital appreciation by investing predominantly in common stocks of companies positioned to benefit from long-term, transformative changes across various sectors. Its investment process emphasizes identifying early signs of structural shifts—such as technological advancements, product innovation, and changing economic or demographic trends—which may create opportunities in both growth and value stocks, including small and medium-sized enterprises. The fund maintains a broadly diversified portfolio, typically holding over 100 securities and allocating assets across technology, financial services, consumer cyclical, healthcare, and other key industries. With a portfolio allocation emphasizing domestic stocks and a modest allocation to international equities, it captures a wide spectrum of the U.S. market while retaining a small global exposure. Notable holdings often include leading technology and consumer companies, reflecting its focus on industries driving market evolution. By leveraging active management, the Fidelity New Millennium Fund aims to capitalize on shifting market dynamics and evolving economic themes, playing a dynamic role within the broader landscape of diversified U.S. equity funds.