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Fidelity® New Millennium ETF (FMIL)
Look-through valuation · Global · Expense ratio 0.38 % · ISIN US3160923609
Price history (since 2020)
Monthly close since 2020. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| NVIDIA Corporation NVDA | 8.8 % | −55.8 % | 74 |
| Alphabet Inc Class A GOOGL | 6.7 % | n/a | n/a |
| Amazon.com Inc AMZN | 5.4 % | −52.2 % | 54 |
| Apple Inc. AAPL | 4.0 % | −43.0 % | 82 |
| Meta Platforms Inc. META | 3.1 % | −7.6 % | 67 |
| Microsoft Corporation MSFT | 2.8 % | −22.6 % | 68 |
| Broadcom Inc AVGO | 2.6 % | −71.6 % | 70 |
| Taiwan Semiconductor Manufacturing TSM | 2.4 % | −32.1 % | 78 |
| Exxon Mobil Corp XOM | 2.0 % | −44.3 % | 56 |
| The Boeing Company BA | 1.9 % | −82.0 % | 38 |
| Visa Inc. Class A V | 1.8 % | −44.8 % | 82 |
| Eli Lilly and Company LLY | 1.7 % | −68.1 % | 69 |
| Bank of America Corp BAC | 1.7 % | −21.5 % | 59 |
| Wells Fargo & Company WFC | 1.6 % | −10.5 % | 55 |
| General Electric Company GCP | 1.5 % | n/a | n/a |
| Westinghouse Air Brake Technologies Corp WAB | 1.4 % | −51.0 % | 67 |
| Western Digital Corporation WDC | 1.4 % | −83.0 % | 71 |
| UnitedHealth Group Incorporated UNH | 1.2 % | +29.6 % | 62 |
| Cummins Inc CMI | 1.2 % | −45.3 % | 59 |
| Seagate Technology PLC STX | 1.2 % | −93.0 % | 80 |
| SHELL PLC WI ADR/2 L3H | 1.2 % | n/a | n/a |
| GE Vernova LLC GEV | 1.0 % | −87.3 % | 65 |
| Chubb Ltd CB | 1.0 % | −31.6 % | 67 |
| Gen Digital Inc. GEN | 0.9 % | +17.0 % | 69 |
| The Bank of New York Mellon Corporation BK | 0.9 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 48 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +71.9 % below FV
- 2 FXI iShares China Large-Cap ETF +53.7 % below FV
- 3 CHIQ Global X MSCI China Consumer Disc ETF +48.5 % below FV
- 4 FLCH Franklin FTSE China ETF +36.0 % below FV
- 5 KWEB KraneShares CSI China Internet ETF +33.5 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +32.5 % below FV
- 7 MCHI iShares MSCI China ETF +28.0 % below FV
- 8 ITB iShares U.S. Home Construction ETF +13.7 % below FV
- 9 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +12.7 % below FV
- 10 TAN Invesco Solar ETF +10.8 % below FV
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Fidelity® New Millennium ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Aug 14, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.