Fidelity Flex Mid Cap Index Fund

Frequently Asked Questions About FLAPX

What does FLAPX invest in?

This fund typically dedicates a minimum of 80% of its portfolio to the underlying securities found within the Russell Midcap® Index. This specific index measures the performance of U.S. companies with medium market capitalizations, with its constituents weighted according to their total market value.

What is the expense ratio of FLAPX?

Fidelity Flex Mid Cap Index Fund (FLAPX) charges an expense ratio of 0.00%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FLAPX?

Fidelity Flex Mid Cap Index Fund (FLAPX) manages $622.6M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FLAPX actively managed or an index fund?

FLAPX is a passive index fund. It tracks a published benchmark by holding the constituents in their published weights. Index funds typically charge low expense ratios (FLAPX's is 0.00%) because there's no security selection cost.

When was FLAPX launched?

Fidelity Flex Mid Cap Index Fund (FLAPX) launched in March 2017 and is managed by Fidelity.

How has FLAPX performed?

FLAPX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.