Federated Hermes Mid-Cap Index Fund;R6
FMCLX
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- Federated Hermes Mid Cap Index Fund (FMCLX) is a U.S.-domiciled open-end mutual fund that seeks investment results corresponding to the aggregate price and dividend performance of the S&P MidCap 400 Index, a capitalization-weighted index of common stocks representing all major industries in the mid-range of the U.S. stock market. The fund invests its assets primarily in the common stocks included in the index, employing quantitative models and analysis; it may also use derivative instruments such as futures contracts and hold cash equivalents including the Federated Hermes Government Obligations Fund. As of recent data, the fund's portfolio features top holdings such as E-mini S&P MidCap 400 Futures, EMCOR Group Inc., Interactive Brokers Group Inc., and RB Global Inc., with approximately 94.64% allocated to U.S. stocks, 3.23% to cash, and minor exposure to non-U.S. stocks; total net assets stand at around $285 million. The R6 share class of FMCLX, which carries a net expense ratio of 0.31%, commenced operations on October 18, 2016, with performance data prior to that date adjusted from Service Shares. Managed by portfolio managers Ian Miller (since July 2012) and Damian McIntyre (since December 2016), the fund targets institutional and retirement plan investors with no minimum initial investment requirement. It operates within the mid-cap blend category, focusing on mid-capitalization companies that may exhibit narrower markets and limited resources compared to larger firms. Federated Hermes Mid Cap Index Fund is offered by Federated Hermes, Inc., a global investment manager founded in 1955 and headquartered in Pittsburgh, Pennsylvania, with additional offices in New York City; London, United Kingdom; and Dublin, Ireland. Federated Hermes, which manages approximately $830 billion in assets as of December 2024 across equity, fixed-income, alternatives, multi-asset, and liquidity strategies, provides FMCLX through channels serving institutions, financial intermediaries, corporations, and individual investors primarily in the United States. In recent developments, parent company Federated Hermes has pursued strategic growth in its private markets platform, acquiring Rivington Energy Management Limited, a U.K.-based infrastructure developer, in April 2025, and agreeing in October 2025 to acquire an 80% stake in FCP Fund Manager L.P., a U.S. multifamily real estate firm, for up to $331 million (expected to close in the first half of 2026). These moves, the second and first private markets acquisitions of 2025 respectively, expand capabilities in infrastructure and U.S. real estate, complementing existing U.K. real estate operations managing $5.5 billion; meanwhile, Federated Hermes reported record assets under management of $859.5 billion in Q3 2025. No specific product launches, reorganizations, or funding rounds directly impact FMCLX, which continues to track its benchmark amid stable operations.