FMDGX

About FMDGX

Fidelity Mid Cap Growth Index Fund is a mutual fund focused on tracking the performance of mid-capitalization U.S. companies with strong growth characteristics. The fund seeks to replicate the returns of the Russell Midcap Growth Index, which is a market capitalization-weighted index that measures some of the fastest-growing companies within the mid-cap segment of the U.S. equity market. With a diversified portfolio including approximately 291 holdings, the fund offers exposure to sectors such as technology, healthcare, industrials, financial services, and utilities—areas typically associated with higher growth potential. Its low expense ratio and passive management strategy make it a cost-effective option for investors aiming to capture the collective growth of medium-sized U.S. companies. The Fidelity Mid Cap Growth Index Fund plays a significant role in providing broad, efficient access to the mid-cap growth space, contributing to asset allocation strategies seeking long-term capital appreciation through exposure to dynamic and evolving sectors of the U.S. economy.