Investment objective & strategy
As of Oct. 25, 2022 · prospectusObjective. Fidelity Mid Cap Enhanced Index Fund seeks capital appreciation.
Strategy. Normally investing 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. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell Midcap Index. Investing in domestic and foreign issuers. Lending securities to earn income for the fund. Normally investing 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. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the Russell Midcap Index. Investing in domestic and foreign issuers. Lending securities to earn income for the fund.
Top holdings
As of Aug. 31, 2023 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Fidelity Cash Central Fund | — | $49.72M | 3.04% |
| TRANE TECHNOLOGIES PLC | — | $16.35M | 1.00% |
| APOLLO GLOBAL MANAGEMENT INC | — | $16.08M | 0.98% |
| NUCOR CORP | — | $15.97M | 0.98% |
| CINTAS CORP | — | $15.88M | 0.97% |
| PACCAR INC | — | $15.25M | 0.93% |
| AMETEK INC NEW | — | $14.61M | 0.89% |
| DR HORTON INC | — | $14.41M | 0.88% |
| SIMON PROPERTY | — | $14.36M | 0.88% |
| BANK OF NEW YORK MELLON CORP | — | $14.17M | 0.87% |
Portfolio moves
May 31, 2023 → Aug 31, 2023How 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. |
|---|---|---|
| Fidelity Large Cap Value Enhanced Index Fund | 32% | 0.39% |
| Arrow Reverse Cap 500 ETF | 23% | 0.29% |
| Fidelity Large Cap Core Enhanced Index Fund | 21% | 0.39% |
Footnotes
- Net assets and holdings count as of August 31, 2023, from the fund's N-PORT filing.
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