Federated Hermes Mid Cap Index Fund

Frequently Asked Questions About FMDCX

What does FMDCX invest in?

The fund primarily invests its capital in common shares that constitute the S&P MidCap 400 Index. This particular index offers a comprehensive, market capitalization-weighted benchmark of medium-sized U.S. companies, encompassing a diverse range of key industries. To achieve its investment objectives, the fund also maintains the option to utilize derivative instruments, such as futures contracts.

What is the expense ratio of FMDCX?

Federated Hermes Mid Cap Index Fund (FMDCX) charges an expense ratio of 0.57%. This is the annual fee deducted from fund assets to cover management and operations.

How big is FMDCX?

Federated Hermes Mid Cap Index Fund (FMDCX) is one share class of a fund that manages $269.8M across all of its share classes (FMCLX, FMCRX 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 FMDCX actively managed or an index fund?

FMDCX 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 (FMDCX's is 0.57%) because there's no security selection cost.

When was FMDCX launched?

Federated Hermes Mid Cap Index Fund (FMDCX) launched in November 1992 and is managed by Federated Hermes.

How has FMDCX performed?

FMDCX'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.