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FMEIX Fidelity® Mid Cap Enhanced Index

  • Fund
  • FMEIX
  • Price as of: Aug 22, 2017
  • $14.78
  • + $0.15
  • + 1.03%
  • Category
  • Mid Cap Blend Equities

FMEIX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 7.5%
  • 5 Yr Annualized Return 15.2%
  • Net Assets $1.19 B
  • Holdings in Top 10 9.9%

52 WEEK LOW AND HIGH

$14.78
$12.95
$15.24

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 87.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$2,500

IRA

$2,500

Investment Themes

CATEGORY

Mid Cap Blend Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Blend

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 7.5%
  • 5 Yr Annualized Total Return 15.2%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.53%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Fidelity® Mid Cap Enhanced Index Fund
  • Fund Family Name Fidelity Investments
  • Inception Date Dec 20, 2007
  • Shares Outstanding N/A
  • Share Class No Load
  • Currency USD
  • Domiciled Country United States
  • Manager Patrick Waddell

Fund Description

The fund normally invests at least 80% of assets in common stocks included in the Russell Midcap® Index, which is a market capitalization-weighted index designed to measure the performance of the mid-cap segment of the U.S. equity market.

FMEIX - Performance

Return Ranking - Trailing

Period FMEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -32.8% 14.0% 44.75% 3
1 Yr 17.9% -53.8% 31.5% 43.25% 3
3 Yr 7.5% * -16.4% 24.3% 27.56% 2
5 Yr 15.2% * -6.7% 18.0% 6.48% 1
10 Yr N/A * -5.9% 10.3% N/A N/A

* Annualized


Return Ranking - Calendar

Period FMEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 12.1% -16.6% 40.3% 29.43% 2
2015 -7.2% -32.9% 3.3% 30.94% 2
2014 2.2% -42.4% 20.0% 41.25% 3
2013 32.4% -4.0% 57.3% 29.08% 2
2012 13.0% -100.0% 29.4% 49.42% 3

Total Return Ranking - Trailing

Period FMEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -32.8% 14.0% 44.75% 3
1 Yr 17.9% -48.2% 36.6% 37.73% 2
3 Yr 7.5% * -17.1% 30.0% 25.00% 2
5 Yr 15.2% * -7.2% 18.0% 6.14% 1
10 Yr N/A * -6.2% 10.3% N/A N/A

* Annualized


Total Return Ranking - Calendar

Period FMEIX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 12.1% -16.6% 40.3% 34.49% 2
2015 -6.3% -23.9% 20.2% 66.45% 4
2014 13.6% -42.4% 56.1% 17.49% 1
2013 49.9% -4.5% 208.7% 39.36% 2
2012 22.6% -100.0% 304.1% 55.98% 3

NAV & Total Return History

FMEIX - Holdings

Filings data as of: May 31, 2017

Concentration Analysis

FMEIX Category Low Category High FMEIX % Rank Quintile
Net Assets 1.19 B 1.41 M 86.7 B 11.96% 2
Number of Holdings 279 4 3295 8.28% 2
Net Assets in Top 10 117 M 618 K 5.9 B 15.64% 3
Weighting of Top 10 9.9% 2.9% 141.4% 30.98% 4

Top 10 Holdings

  1. S&P M 400 Emini Fut Jun17 Fam7 0.84%
  2. PPL Corp 0.96%
  3. Weyerhaeuser Co 0.87%
  4. NVIDIA Corp 1.67%
  5. Cummins Inc 0.91%
  6. Electronic Arts Inc 1.04%
  7. Lam Research Corp 0.92%
  8. United Continental Holdings Inc 0.91%
  9. Ross Stores Inc 0.89%
  10. Skyworks Solutions Inc 0.85%

Asset Allocation

Weighting Category Low Category High FMEIX % Rank Quintile
Stocks
99.34% 37.25% 141.18% 5.83% 1
Cash
0.66% -41.18% 62.75% 28.83% 4
Preferred Stocks
0.00% 0.00% 5.86% 3.37% 4
Other
0.00% -0.82% 8.23% 11.96% 5
Convertible Bonds
0.00% 0.00% 0.85% 1.84% 4
Bonds
0.00% -0.06% 20.70% 7.06% 5

Stock Sector Breakdown

Weighting Category Low Category High FMEIX % Rank Quintile
Consumer Cyclical
17.43% 0.00% 31.58% 9.82% 2
Technology
17.20% 0.00% 40.54% 8.59% 1
Industrials
11.85% 0.00% 39.63% 27.91% 4
Healthcare
11.26% 0.00% 41.90% 9.20% 2
Real Estate
8.79% 0.00% 13.49% 9.20% 2
Financial Services
8.56% -0.71% 45.78% 32.52% 5
Consumer Defense
7.56% -2.40% 18.07% 6.75% 1
Basic Materials
6.14% -0.87% 21.59% 13.19% 2
Energy
4.57% -1.29% 17.97% 16.87% 3
Utilities
4.50% -0.76% 13.30% 11.04% 2
Communication Services
0.64% 0.00% 20.30% 20.25% 3

Stock Geographic Breakdown

Weighting Category Low Category High FMEIX % Rank Quintile
US
99.15% 37.10% 139.61% 3.68% 1
Non US
0.19% -0.26% 40.92% 33.13% 5

FMEIX - Expenses

Operational Fees

FMEIX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.60% 0.04% 16.03% 43.87% 1
Management Fee 0.59% 0.04% 2.00% 10.43% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.45% N/A N/A

Sales Fees

FMEIX Fees (% of AUM) Category Low Category High FMEIX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FMEIX Fees (% of AUM) Category Low Category High FMEIX Rank Quintile
Max Redemption Fee 0.75% 0.50% 2.00% 4.11% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FMEIX Fees (% of AUM) Category Low Category High FMEIX Rank Quintile
Turnover 87.00% 4.00% 394.00% 6.44% 5

FMEIX - Distributions

Dividend Yield Analysis

FMEIX Category Low Category High FMEIX % Rank Quintile
Dividend Yield 0.0% 0.00% 1.76% 67.52% 4

Dividend Distribution Analysis

FMEIX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

FMEIX Category Low Category High FMEIX % Rank Quintile
Net Income Ratio 1.53% -4.40% 2.50% 6.13% 1

Capital Gain Distribution Analysis

FMEIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

FMEIX - Managers

Patrick Waddell

Manager

Start Date

Dec 20, 2007

Tenure

9.53

Tenure Rank

6.9%

Waddell has been a Portfolio Manager with Geode since July 2006. Previously, he was an Assistant Portfolio Manager with Geode since 2004. In addition to his portfolio management responsibilities, Waddell is responsible for quantitative research and new product development. Prior to joining Geode, he was employed by Fidelity in 1997 and served as a Senior Portfolio Assistant from 2002 to 2004.


Maximilian Kaufmann

Manager

Start Date

Dec 01, 2009

Tenure

7.58

Tenure Rank

8.9%

Maximilian Kaufmann has been a Portfolio Manager with Geode since August 2009. He also serves as a Portfolio Manager for other registered investment companies. In addition to his portfolio management responsibilities, Mr. Kaufmann is responsible for quantitative research and new product development. Prior to joining Geode, Mr. Kaufmann was a Senior Vice President at PanAgora Asset Management from 2003 to 2007 and Lazard Asset Management from 2007 to 2009.


Louis Bottari

Manager

Start Date

Jan 15, 2009

Tenure

8.46

Tenure Rank

8.1%

Mr. Bottari has been an Assistant Portfolio Manager with Geode since May 2008. In addition to his portfolio management responsibilities, he is responsible for quantitative research and new product development. Prior to joining Geode, Bottari was employed by Fidelity in 1991 and served as an Assistant Portfolio Manager with Pyramis Global Advisors from 2005 to 2008.


Peter Matthew

Manager

Start Date

Aug 31, 2012

Tenure

4.83

Tenure Rank

13.1%

Since joining Geode in 2007, Mr. Matthew has worked as a senior operations associate, portfolio manager assistant, and assistant portfolio manager. Prior to joining Geode, Mr. Matthew was employed by eSecLending from 2005 to 2007 and by State Street Corporation from 2001 to 2005.


Shashi Naik

Manager

Start Date

Sep 30, 2014

Tenure

2.75

Tenure Rank

16.9%

Since joining Geode in 2010, Mr. Naik has worked as a portfolio performance analyst and assistant portfolio manager. Prior to joining Geode, Mr. Naik was a quantitative analyst at PanAgora Management from 2007 to 2010.


Tenure Analysis

Category Low

0.1

Category High

38.5

Category Average

6.5

Category Mode

2.5