FMEIX: Fidelity® Mid Cap Enhanced Index

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FMEIX Fidelity® Mid Cap Enhanced Index


Profile

FMEIX - Profile

Vitals

  • YTD Return -11.2%
  • 3 Yr Annualized Return -2.6%
  • 5 Yr Annualized Return -0.7%
  • Net Assets $1.04 B
  • Holdings in Top 10 11.1%

52 WEEK LOW AND HIGH

$13.66
$9.50
$15.91

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

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

BROKERAGE FEES

  • Turnover 90.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $0
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -11.2%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.46%
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
    Louis Bottari

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. It invests in domestic and foreign issuers.


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Categories

Fund Company Quick Screens

FMEIX - Fund Company Quick Screens


Performance

FMEIX - Performance

Return Ranking - Trailing

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.2% -33.0% 0.0% 2.36%
1 Yr -3.5% -92.8% 9.1% 5.54%
3 Yr -2.6%* -57.9% 3.2% 12.46%
5 Yr -0.7%* -39.4% 4.7% 16.29%
10 Yr 5.2%* -18.6% 9.1% 21.46%

* Annualized

Return Ranking - Calendar

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
2019 22.6% -92.4% 35.0% 44.53%
2018 -19.8% -36.8% -7.9% 42.15%
2017 10.9% -16.5% 19.3% 18.29%
2016 12.1% -14.6% 28.1% 72.87%
2015 -7.2% -36.5% 0.2% 25.42%

Total Return Ranking - Trailing

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.2% -33.0% 0.0% 2.36%
1 Yr -3.5% -92.8% 9.1% 5.54%
3 Yr 2.5%* -57.7% 5.0% 2.90%
5 Yr 2.8%* -39.0% 6.9% 12.05%
10 Yr 10.3%* -18.4% 10.3% 0.98%

* Annualized

Total Return Ranking - Calendar

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
2019 22.6% -92.4% 35.0% 44.53%
2018 -11.9% -32.7% -4.1% 15.70%
2017 18.4% 0.5% 26.9% 5.49%
2016 13.5% -2.5% 29.0% 83.28%
2015 -6.3% -25.7% 5.0% 55.52%

NAV & Total Return History


Holdings

FMEIX - Holdings

Concentration Analysis

FMEIX Category Low Category High FMEIX % Rank
Net Assets 1.04 B 708 K 16.7 B 39.74%
Number of Holdings 305 3 2516 3.90%
Net Assets in Top 10 104 M 157 K 2.7 B 54.55%
Weighting of Top 10 11.13% 8.1% 99.9% 98.70%

Top 10 Holdings

  1. E-mini S&P MidCap 400 Future June 20 2.05%
  2. Advanced Micro Devices Inc 1.27%
  3. L3Harris Technologies Inc 1.18%
  4. Newmont Corp 1.11%
  5. Lam Research Corp 1.10%
  6. MSCI Inc 0.94%
  7. PACCAR Inc 0.88%
  8. Veeva Systems Inc Class A 0.88%
  9. McKesson Corp 0.87%
  10. Cummins Inc 0.86%

Asset Allocation

Weighting Return Low Return High FMEIX % Rank
Stocks
98.52% 85.33% 100.22% 31.95%
Cash
1.48% -0.65% 14.67% 66.75%
Preferred Stocks
0.00% 0.00% 0.35% 11.17%
Other
0.00% -0.09% 3.69% 14.81%
Convertible Bonds
0.00% 0.00% 0.00% 9.35%
Bonds
0.00% 0.00% 1.28% 15.58%

Stock Sector Breakdown

Weighting Return Low Return High FMEIX % Rank
Technology
21.33% 0.00% 21.67% 1.04%
Healthcare
13.89% 0.04% 44.74% 12.21%
Financial Services
12.47% 0.76% 33.19% 91.69%
Industrials
11.52% 1.93% 26.87% 69.87%
Consumer Cyclical
11.38% 1.64% 24.09% 39.48%
Real Estate
8.94% 0.00% 19.27% 49.87%
Utilities
6.66% 0.00% 18.77% 57.40%
Basic Materials
5.35% 0.00% 17.04% 51.43%
Consumer Defense
4.14% 0.00% 26.48% 77.66%
Communication Services
3.19% 0.00% 28.56% 34.81%
Energy
1.13% 0.00% 20.66% 87.27%

Stock Geographic Breakdown

Weighting Return Low Return High FMEIX % Rank
US
96.28% 80.90% 99.46% 29.09%
Non US
2.24% 0.00% 13.70% 61.04%

Expenses

FMEIX - Expenses

Operational Fees

FMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.07% 27.75% 95.15%
Management Fee 0.59% 0.00% 1.20% 17.14%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

FMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 80.00%

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 Return Low Category Return High Rank in Category (%)
Turnover 90.00% 6.00% 204.00% 92.63%

Distributions

FMEIX - Distributions

Dividend Yield Analysis

FMEIX Category Low Category High FMEIX % Rank
Dividend Yield 0.00% 0.00% 12.38% 11.95%

Dividend Distribution Analysis

FMEIX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

FMEIX Category Low Category High FMEIX % Rank
Net Income Ratio 1.46% -0.89% 2.49% 21.05%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

FMEIX - Fund Manager Analysis

Managers

Louis Bottari


Start Date

Tenure

Tenure Rank

Jan 15, 2009

11.3

11.3%

Mr. Bottari has worked as an assistant portfolio manager, portfolio manager, and senior 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.

Maximilian Kaufmann


Start Date

Tenure

Tenure Rank

Dec 01, 2009

10.42

10.4%

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.

Peter Matthew


Start Date

Tenure

Tenure Rank

Aug 31, 2012

7.67

7.7%

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


Start Date

Tenure

Tenure Rank

Sep 30, 2014

5.59

5.6%

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

Anna Lester


Start Date

Tenure

Tenure Rank

Jun 30, 2019

0.84

0.8%

Anna Lester joined Geode in 2019, Ms. Lester has worked as a portfolio manager. Prior to joining Geode, Ms. Lester worked at State Street Global Advisors from 2005 to 2019, most recently as senior portfolio manager. Lester holds the Chartered Financial Analyst designation.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.02 33.5 7.61 8.84