FMIL
Fidelity New Millennium ETFFMIL Fund Description
FMIL is an actively-managed, non-transparent ETF that provides exposure to fundamentally-selected global companies potentially benefiting from long-term changes in the marketplace. The fund utilizes the Fidelity non-transparent model.
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. In selecting stocks, the fund adviser uses fundamental analysis which 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, this 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 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 5 out of 5.
FMIL Tradability
FMIL Sector/Industry Breakdown
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FMIL Top 10 Holdings[View All]
FMIL Performance Statistics
FMIL Benchmark Comparison Summary
FMIL
FMIL Benchmark Comparison Market Cap Size
FMIL
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