Investment objective & strategy
As of July 11, 2025 · prospectusStrategy. Beginning on July 17, 2025, the fund will transition from the Russell Midcap Index to the Fidelity U.S. Mid Cap IndexSM using a blend of the two indices. The transition will be implemented through six equal stepped transitions effective at the market open on each of the following dates: July 17, 2025, July 24, 2025, July 31, 2025, August 7, 2025, August 14, 2025, and August 21, 2025. The fund's final transition to the Fidelity U.S. Mid Cap IndexSM will be completed at the market close on August 20, 2025. Beginning on July 17, 2025, the fund will transition from the Russell Midcap Index to the Fidelity U.S. Mid Cap IndexSM using a blend of the two indices. The transition will be implemented through six equal stepped transitions effective at the market open on each of the following dates: July 17, 2025, July 24, 2025, July 31, 2025, August 7, 2025, August 14, 2025, and August 21, 2025. The fund's final transition to the Fidelity U.S. Mid Cap IndexSM will be completed at the market close on August 20, 2025.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| SANDISK CORPORATION | — | $10.81M | 1.94% |
| COMFORT SYSTEMS USA INC | — | $5.41M | 0.97% |
| ANGLOGOLD ASHANTI PLC | — | $5.31M | 0.95% |
| Fidelity Securities Lending Cash Central Fund | — | $5.27M | 0.94% |
| CIENA CORP | — | $4.78M | 0.86% |
| COHERENT CORP | — | $4.49M | 0.81% |
| EMCOR GROUP INC | — | $4.35M | 0.78% |
| SOFI TECHNOLOGIES INC A | — | $3.87M | 0.69% |
| FTAI AVIATION LTD | — | $3.76M | 0.67% |
| LUMENTUM HOLDINGS INC | — | $3.74M | 0.67% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Schwab U.S. Mid-Cap ETF · SCHM | 70% | 0.04% |
| BNY Mellon US Mid Cap Core Equity ETF · BKMC | 68% | 0.04% |
| JPMorgan BetaBuilders U.S. Mid Cap Equity ETF · BBMC | 67% | 0.07% |
Advisers
| Firm | Role |
|---|---|
| Fidelity Management & Research Company LLC | Adviser |
| Geode Capital Management, LLC | Sub-adviser |
Footnotes
- Expense ratio as of June 24, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.