# Federated Hermes Mid Cap Index Fund (FMDCX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/fmdcx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Federated Hermes · Asset class: Equity - Strategy: Passive Index · Inception: 1992-11-05 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. ## Key Facts | Metric | Value | |---|---| | Price | $16.85 | | Expense Ratio | 0.57% | | AUM (All Share Classes) | $269.8M | | NAV | $16.85 (2026-10-30 close) | | Holdings Count | — | | Distribution Yield (TTM) | 9.38% | | Annual Distribution (TTM) | $1.58 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $14.85 – $17.82 | | Beta | 1.04 | ## Latest Distribution - Amount: $0.0196 /share - Ex-date: 2026-09-15 - Pay date: 2026-09-16 ## Frequently Asked Questions ### 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. ### Does FMDCX pay a dividend? Federated Hermes Mid Cap Index Fund (FMDCX) currently distributes little or no income. Trailing-twelve-month yield is 9.38%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does FMDCX pay dividends? Federated Hermes Mid Cap Index Fund pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is FMDCX's dividend yield? FMDCX's trailing-twelve-month yield is 9.38%, calculated from the sum of dividends over the past year divided by the current price. ### When is FMDCX's next ex-dividend date? The most recently announced ex-dividend date for FMDCX was 2026-09-15. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will FMDCX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.57% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FMDCX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FMDCX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FMDCX cost more than a fund like VOO? FMDCX is a passive index fund (current expense ratio 0.57%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to FMDCX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FMDCX (0.57%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/fmdcx - Distribution history: https://www.dividenddata.com/funds/fmdcx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/fmdcx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/fmdcx/expenses - Peer comparison: https://www.dividenddata.com/funds/fmdcx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.