- 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 $659.4M 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.
