Fidelity Flex Mid Cap Index Fund (FLAPX)
The fund normally invests at least 80% of its assets in securities included in the Russell Midcap Index, which is a market capitalization-weighted index of medium-capitalization U.S. company stocks.
Fund Info
| ISIN | US31635V4977 |
|---|---|
| CUSIP | 31635V497 |
| Issuer | Fidelity |
| Inception Date | Mar 9, 2017 |
| Category | Mid Cap Blend Equities |
| Min. Investment | $0 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Blend |
Expense Ratio
FLAPX has an expense ratio of 0.00%, indicating no management fees are charged.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Fidelity Flex Mid Cap Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Fidelity Flex Mid Cap Index Fund had a return of 7.29% year-to-date (YTD) and 23.34% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 7.29% | 11.05% |
| 1 month | 4.99% | 4.86% |
| 6 months | 18.81% | 17.50% |
| 1 year | 23.34% | 27.37% |
| 5 years (annualized) | 10.74% | 13.14% |
| 10 years (annualized) | N/A | 10.90% |
Monthly Returns
The table below presents the monthly returns of FLAPX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.40% | 5.55% | 4.38% | -5.43% | 7.29% | ||||||||
| 2023 | 8.31% | -2.39% | -1.52% | -0.54% | -2.83% | 8.38% | 3.98% | -3.46% | -5.06% | -4.99% | 10.22% | 7.75% | 17.28% |
| 2022 | -7.37% | -0.67% | 2.53% | -7.70% | 0.07% | -9.92% | 9.88% | -3.17% | -9.22% | 8.88% | 6.01% | -5.46% | -17.28% |
| 2021 | -0.27% | 5.62% | 2.69% | 5.06% | 0.83% | 1.49% | 0.76% | 2.49% | -4.07% | 5.95% | -3.50% | 4.07% | 22.59% |
| 2020 | -0.77% | -8.67% | -19.40% | 14.32% | 7.05% | 1.87% | 5.82% | 3.56% | -1.95% | 0.64% | 13.78% | 4.71% | 17.30% |
| 2019 | 10.78% | 4.38% | 0.86% | 3.73% | -6.13% | 6.93% | 1.39% | -2.82% | 1.99% | 1.06% | 3.54% | 2.27% | 30.56% |
| 2018 | 3.79% | -4.16% | 0.09% | -0.18% | 2.30% | 0.71% | 2.41% | 3.11% | -0.57% | -8.37% | 2.51% | -9.94% | -9.05% |
| 2017 | -0.39% | 0.79% | 0.88% | 1.07% | 1.44% | -0.76% | 2.77% | 1.67% | 3.39% | 0.89% | 12.32% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of FLAPX is 59, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
FLAPX (Fidelity Flex Mid Cap Index Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Fidelity Flex Mid Cap Index Fund (FLAPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Fidelity Flex Mid Cap Index Fund granted a 1.85% dividend yield in the last twelve months. The annual payout for that period amounted to $0.33 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.33 | $0.33 | $0.26 | $0.50 | $0.32 | $0.28 | $0.23 | $0.05 |
Dividend yield | 1.85% | 1.99% | 1.82% | 2.83% | 2.16% | 2.18% | 2.29% | 0.44% |
Monthly Dividends
The table displays the monthly dividend distributions for Fidelity Flex Mid Cap Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.27 | $0.33 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.19 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.43 | $0.50 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.32 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.25 | $0.28 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.23 |
| 2017 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Fidelity Flex Mid Cap Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Fidelity Flex Mid Cap Index Fund was 40.31%, occurring on Mar 23, 2020. Recovery took 141 trading sessions.
The current Fidelity Flex Mid Cap Index Fund drawdown is 1.23%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -40.31% | Feb 21, 2020 | 22 | Mar 23, 2020 | 141 | Oct 12, 2020 | 163 |
| -26.09% | Nov 17, 2021 | 229 | Oct 14, 2022 | 349 | Mar 7, 2024 | 578 |
| -21.27% | Aug 30, 2018 | 80 | Dec 24, 2018 | 70 | Apr 5, 2019 | 150 |
| -9.67% | Jan 29, 2018 | 9 | Feb 8, 2018 | 116 | Jul 26, 2018 | 125 |
| -6.61% | Jul 25, 2019 | 15 | Aug 14, 2019 | 56 | Nov 1, 2019 | 71 |
Volatility
Volatility Chart
The current Fidelity Flex Mid Cap Index Fund volatility is 3.17%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.