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Fidelity Mid Cap Index Fund Q4 2025 Commentary

Seeking Alpha
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⚡ Quantum Brief
The Fidelity Mid Cap Index Fund matched its benchmark’s 0.16% Q4 2025 gain, aligning with the Russell Midcap® Index’s modest growth during the period. Security lending revenue and strategic misweights—due to restricted benchmark holdings—boosted the fund’s performance, offsetting potential tracking errors. Healthcare led the index’s narrow advance, particularly in November, as defensive sectors outperformed amid market uncertainty. The fund prioritizes minimizing tracking error, reducing volatility between its returns and the benchmark’s over time. Fidelity’s $12.6 trillion in assets under administration underscores its scale, though this commentary reflects only the mid-cap fund’s Q4 2025 results.
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Fidelity Investments937 FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe fund finished the fourth quarter in line with the 0.16% gain of the benchmark, the Russell Midcap® Index.Security lending income and security misweights due to certain benchmark securities that the fund is restricted from buying were additive to overall Fund performance for the period.In the fourth quarter, the index's narrow advance was driven by the defensive-oriented health care sector, which particularly shined in November.We also seek to minimize tracking error, which measures the volatility of these return differences over a period of time. Funtap/iStock via Getty Images Fund Performance Review The fund finished the fourth quarter in line with the 0.16% gain of the benchmark, the Russell Midcap® Index. Security lending income and security misweights due to certain benchmark securities that the fund is restricted fromThis article was written byFidelity Investments937 FollowersFollowFidelity’s mission is to strengthen the financial well-being of our customers and deliver better outcomes for the clients and businesses it serves. With assets under administration of $12.6 trillion, including discretionary assets of $4.9 trillion as of December 31, 2023, Fidelity focuses on meeting the unique needs of a broad and growing customer base. Privately held for 77 years, Fidelity employs more than 74,000 associates with its headquarters in Boston and a global presence spanning nine countries across North America, Europe, Asia and Australia. Note: This account is not managed or monitored by Fidelity, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Fidelity's official channels.

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