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FMEIX Fidelity® Mid Cap Enhanced Index

  • Fund
  • FMEIX
  • Price as of: May 21, 2019
  • $14.51 + $0.18 + 1.26%
  • Category
  • Mid Cap Blend Equities

FMEIX - Profile

Vitals

  • YTD Return 15.6%
  • 3 Yr Annualized Return 4.7%
  • 5 Yr Annualized Return 2.3%
  • Net Assets $1.19 B
  • Holdings in Top 10 9.3%

52 WEEK LOW AND HIGH

$14.51
$11.81
$16.48

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

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

BROKERAGE FEES

  • Turnover 108.00%

TRADING FEES

  • Max Redemption Fee 0.75%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$2,500

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 15.6%
  • 3 Yr Annualized Total Return 10.9%
  • 5 Yr Annualized Total Return 7.0%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 1.64%
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.

FMEIX - Performance

Return Ranking - Trailing

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -8.4% 29.1% 50.19%
1 Yr -8.4% -39.8% 12.5% 30.57%
3 Yr 4.7%* -13.7% 13.8% 19.22%
5 Yr 2.3%* -15.0% 9.3% 16.86%
10 Yr 8.8%* -3.7% 14.6% 30.18%

* Annualized


Return Ranking - Calendar

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -19.8% -44.3% 7.9% 40.00%
2017 10.9% -20.7% 25.7% 21.51%
2016 12.1% -15.1% 40.3% 33.33%
2015 -7.2% -32.9% 1.5% 31.37%
2014 2.2% -42.4% 14.7% 44.98%

Total Return Ranking - Trailing

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.6% -8.4% 29.1% 50.19%
1 Yr 0.6% -39.8% 13.8% 13.96%
3 Yr 10.9%* -9.9% 21.8% 12.94%
5 Yr 7.0%* -15.0% 12.2% 16.86%
10 Yr 14.5%* -3.7% 14.8% 4.73%

* Annualized


Total Return Ranking - Calendar

Period FMEIX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.9% -44.3% 7.9% 21.13%
2017 18.4% -8.7% 25.7% 9.81%
2016 13.5% -4.9% 40.3% 45.10%
2015 -6.3% -32.9% 2.7% 56.86%
2014 13.7% -42.4% 17.2% 3.21%

NAV & Total Return History

FMEIX - Holdings

Concentration Analysis

FMEIX Category Low Category High FMEIX % Rank
Net Assets 1.19 B 1.77 M 105 B 30.94%
Number of Holdings 295 5 3272 23.40%
Net Assets in Top 10 110 M 1.59 M 7.31 B 44.15%
Weighting of Top 10 9.28% 4.9% 99.1% 79.25%

Top 10 Holdings

  1. E-mini S&P 400 June19 1.09%

  2. Edwards Lifesciences Corp 1.07%

  3. Fidelity National Information Services Inc 0.99%

  4. Xilinx Inc 0.96%

  5. AutoZone Inc 0.89%

  6. Lam Research Corp 0.88%

  7. Agilent Technologies Inc 0.87%

  8. VF Corp 0.85%

  9. Ross Stores Inc 0.85%

  10. PACCAR Inc 0.84%


Asset Allocation

Weighting Return Low Return High FMEIX % Rank
Stocks
99.11% 24.06% 103.09% 28.30%
Cash
0.81% -3.09% 27.56% 71.70%
Bonds
0.08% 0.00% 48.38% 12.83%
Preferred Stocks
0.00% 0.00% 9.10% 40.75%
Other
0.00% -8.66% 1.32% 36.98%
Convertible Bonds
0.00% 0.00% 0.38% 35.09%

Stock Sector Breakdown

Weighting Return Low Return High FMEIX % Rank
Technology
18.15% 0.99% 35.89% 30.19%
Consumer Cyclical
15.93% 0.00% 35.24% 26.42%
Industrials
15.34% 0.00% 49.96% 46.04%
Healthcare
11.81% 0.00% 45.49% 26.42%
Financial Services
10.76% 0.00% 53.58% 66.04%
Real Estate
7.49% -0.49% 12.91% 42.26%
Basic Materials
5.86% -0.25% 21.74% 30.94%
Utilities
5.12% -0.50% 25.59% 24.91%
Consumer Defense
4.58% -1.17% 15.66% 39.25%
Energy
3.22% -0.82% 18.35% 74.34%
Communication Services
0.85% 0.00% 25.65% 40.38%

Stock Geographic Breakdown

Weighting Return Low Return High FMEIX % Rank
US
96.97% 14.99% 100.30% 32.08%
Non US
2.14% 0.00% 52.62% 52.08%

Bond Sector Breakdown

Weighting Return Low Return High FMEIX % Rank
Cash & Equivalents
0.81% -0.58% 28.30% 77.27%
Government
0.08% 0.00% 40.24% 8.71%
Derivative
0.00% -0.27% 0.00% 32.95%
Securitized
0.00% 0.00% 3.68% 37.88%
Corporate
0.00% 0.00% 34.31% 46.21%
Municipal
0.00% 0.00% 12.70% 34.85%

Bond Geographic Breakdown

Weighting Return Low Return High FMEIX % Rank
US
0.08% 0.00% 48.38% 12.45%
Non US
0.00% 0.00% 12.70% 38.87%

FMEIX - Expenses

Operational Fees

FMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.03% 6.27% 85.66%
Management Fee 0.59% 0.00% 2.00% 33.58%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.35% N/A

Sales Fees

FMEIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 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 0.75% 0.50% 2.00% 94.74%

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 Return Low Category Return High Rank in Category (%)
Turnover 108.00% 1.00% 196.54% 92.45%

FMEIX - Distributions

Dividend Yield Analysis

FMEIX Category Low Category High FMEIX % Rank
Dividend Yield 0.00% 0.00% 0.05% 72.08%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

FMEIX Category Low Category High FMEIX % Rank
Net Income Ratio 1.64% -4.72% 2.61% 3.02%

Capital Gain Distribution Analysis

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

FMEIX - Managers

Louis Bottari

Manager

Start Date

Tenure

Tenure Rank

Jan 15, 2009

10.29

10.3%

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

Manager

Start Date

Tenure

Tenure Rank

Dec 01, 2009

9.42

9.4%

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

Manager

Start Date

Tenure

Tenure Rank

Aug 31, 2012

6.67

6.7%

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

Manager

Start Date

Tenure

Tenure Rank

Sep 30, 2014

4.58

4.6%

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.


Tenure Analysis

Category Low

0.0

Category High

40.35

Category Average

7.28

Category Mode

7.34