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Kip 25

Fidelity New Millennium

Symbol: FMILX
Expense Ratio: 0.54%

Fidelity New Millennium invests in out-of-favor, growing firms of all sizes that benefit from trends in technology and demographics.

Manager John Roth describes himself as “opportunistic,” but his penchant for cheap prices makes him a bit of a contrarian. He bought energy stocks in late 2014 and 2015 as oil prices fell, and he sold tech stocks in 2017 as share prices soared.

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