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Kip 25

Fidelity New Millennium

Symbol: FMILX
Expense Ratio: 0.54%
800-343-3548

The process: Manager John Roth can invest in firms of all sizes (the fund has 53% of its assets in large caps; the rest is in small and midsize firms). He is more sensitive to a stock’s valuation than most growth managers and favors fast-growing firms that will benefit from technological changes and demographic trends, among other things.

Since Roth took the helm in mid 2006, New Millennium has returned an annualized 8.8%, beating the S&P 500 by an average of 0.6 percentage point per year.

See Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds.

Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work.

And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.