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FSMDX

Fidelity Mid Cap Index Fund

Index fundEquityTracks the Russell Midcap IndexOpen-end fund
Fidelity Salem Street Trust: FSMDXHoldings as of Apr 30, 2026Filed Jun 26, 2026

U.S. stock index fund · tracks Russell Midcap Index

As of its 2026 Q2 report, Fidelity Mid Cap Index Fund held 808 positions with $50.04B in net assets. Its ten largest holdings made up 9.7% of the fund. The FSMDX share class costs 0.03% a year. Over the 12 months to May 2026, FSMDX returned 22.4%, with dividends reinvested. In 2026 Q3 it added 82 new positions and exited 63.

2026 Q2 holdings and allocationChanges are against the previous quarter, 2026 Q2Headline fees and returns use the FSMDX share class
Expense ratio · FSMDX
0.03%
$3 a year for every $10,000 invested
one share class
$50.04B
The whole fund, all share classes
808 holdings
9.7%in the top 10
Weight held in the ten largest holdings
Top 25 hold 17.3%
Return, 1 year · FSMDX
+22.4%
With dividends, to May 2026
3 yr total +66.2% · 5 yr total +47.9%
What this fund is
Objective, as filed

Fidelity Mid Cap Index Fund seeks to provide investment results that correspond to the total return of stocks of mid-capitalization United States companies.

Strategy, summarised

The fund tracks the Russell Midcap Index, a market-capitalization-weighted index of mid-sized U.S. company stocks, using replication and holding most or all of the index constituents. Because the fund may not hold all securities in the index, its returns may diverge from the index.

What you own

per cent of the fund
CompanyWeightValue
Fidelity Revere Street Trust
2.11%
$1.05B
1.16%
$580.92M
1.09%
$547.62M
0.95%
$475.00M
0.93%
$462.93M
0.79%
$397.01M
0.72%
$361.00M
0.69%
$342.75M
0.68%
$342.08M
0.57%
$284.40M
Showing 1–10 of 808 · the top 10 are 9.69% of the fund, the top 25 are 17.33%

Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.

The 200 largest of 808 holdings, with the share counts as filed, open with a free account.

What the fund is made of

Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.

102.09%
of net assets
Stocks99.71%
Cash & short-term2.34%
Derivatives0.02%
Bonds0.02%

Derivatives are shown at market value, not notional exposure.

By sector

Industrials
16.5%
Information Technology
14.1%
Financials
13.8%
Health Care
10.4%
11 other sectors
45.1%

How it has done

Total return, dividends reinvested · to May 2026

FSMDX share class · total returns with dividends reinvested

1 year
+22.39%
3 years
+66.20%
Cumulative, not per year
5 years
+47.94%
Cumulative, not per year
Largest decline in 3 years
-12.91%
From a previous high to a later low
Cumulative return, last three years· Aug 2023 – May 2026

Volatility over the last 12 months: 10.71%. Past returns are a record, not a forecast.

Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Fees & fund details

Fidelity Mid Cap Index Fund is a U.S. equity index fund that tracks the Russell Midcap Index. 20% of FSMDX’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 92% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
Open-end fund
Expense ratio, by class
0.03%· FSMDX 0.03%
Portfolio turnover
12.00% a year · as of 2026 Q2

Turnover is how much of the portfolio was replaced in a year.

Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.

What changed this quarter

2026 Q3 vs 2026 Q2

Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-04-30

Avg coupon
0.00%
Avg maturity
0.04 yr
Coupon type

Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.

0%
floating
Fixed rate100.0%
Maturity ladder

Share of the fund's debt value in each maturity band, shortest first.

<1y
<1y100.0%
Flagged holdings
Defaulted: none reported
In arrears: none reported
Paid in kind: none reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Connected research

Understand how this fund fits with the rest.

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  • “Where do my funds overlap — FSMDX, QQQ and the fund in my 401(k)?”
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