FMIL
Fidelity New Millennium ETFFMIL Fund Description
FMIL is an actively managed, nontransparent ETF to provide exposure to fundamentally selected global stocks of companies potentially benefiting from long-term changes in the marketplace.
FMIL Factset Analytics Insight
FMIL is one of Fidelity’s first ETFs to launch with its own structure for an actively managed, non-transparent product. The portfolio holds global stocks from all market caps with growth and/or value traits, subject to a 25% issuer cap. In selecting stocks the fund adviser uses fundamental analysis that involves a bottom-up analysis on firms that could benefit from long-term changes in the market. FMIL has a non-transparent structure, unlike other ETFs it publishes its holdings monthly with a 30-day lag. A Tracking Basket Structure is in place which acts as a proxy portfolio that includes: some of the fund’s holdings from recent disclosure, other liquid ETFs, cash, and cash equivalents. This is designed to track FMIL’s daily performance and facilitate arbitrage opportunities. However, investors should note that its non-transparent structure could result in wider spreads.
FMIL Charts And Performance
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1 Month
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3 Months
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1 Year
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3 Years
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5 Years
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1 Year
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FMIL Summary Data
FMIL Portfolio Data
FMIL Index Data
FMIL Portfolio Management
FMIL Tax Exposures
FMIL Fund Structure
FMIL Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of FMIL. FMIL is rated a N/A out of 5.
FMIL Tradability
FMIL Countries
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FMIL Regions
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FMIL Economic Development
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FMIL Performance Statistics
FMIL Benchmark Comparison Summary
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FMIL Benchmark Comparison Market Cap Size
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