Federated Hermes Mid-Cap Index Fund Institutional Shares

Frequently Asked Questions About FMCRX

What does FMCRX invest in?

This fund primarily invests its capital in the equity securities that make up the Standard & Poor's MidCap 400 Index. This particular index is a comprehensive, market-capitalization-weighted benchmark that includes common stocks across all major industries within the medium-sized portion of the U.S. stock market. Additionally, the fund may employ derivative instruments, such as futures contracts, to implement its various investment approaches.

What is the expense ratio of FMCRX?

Federated Hermes Mid-Cap Index Fund Institutional Shares (FMCRX) charges an expense ratio of 0.32%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FMCRX?

Federated Hermes Mid-Cap Index Fund Institutional Shares (FMCRX) is one share class of a fund that manages $266.6M across all of its share classes (FMCLX, FMDCX report the same total). Our data does not carry the assets of this share class alone. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is FMCRX actively managed or an index fund?

FMCRX 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 (FMCRX's is 0.32%) because there's no security selection cost.

When was FMCRX launched?

Federated Hermes Mid-Cap Index Fund Institutional Shares (FMCRX) launched in January 2012 and is managed by Federated Hermes.

How has FMCRX performed?

FMCRX'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.