Federated Hermes Mid Cap Index Fund
FMDCX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4000 Ericsson Drive Warrendale PA United States of America 15086-7561
- IPO Date
- Nov 5, 1992
- CIK
- 0000861469
- Website
- federatedhermes.com
- Similar Companies
- Business
- Federated Hermes Mid Cap Index Fund (FMDCX) is a mutual fund offered by Federated Hermes, Inc., a global asset manager that provides index-tracking investment products replicating mid-capitalization U.S. equity benchmarks. The fund primarily invests in a portfolio of common stocks mirroring the Russell Midcap Index, including domestic mid-cap companies across diverse sectors such as industrials, financials, information technology, consumer discretionary, and healthcare; it employs a passive management strategy to achieve total return performance consistent with the index before fees and expenses. Federated Hermes Mid Cap Index Fund offers institutional and retail share classes, with services including automatic investment plans, exchange privileges among Federated funds, and systematic withdrawal options for qualified accounts. Established as part of Federated Investors, which traces its roots to 1955, the fund operates under Federated Hermes, headquartered in Pittsburgh, Pennsylvania, with global operations spanning the United States, Europe, and Asia through subsidiaries and affiliates focused on asset management, retirement services, and sustainable investing. The fund targets long-term investors seeking mid-cap equity exposure, including retirement plans, endowments, and individual portfolios, with a focus on U.S. markets but benefiting from Federated Hermes' international research capabilities. In recent developments, Federated Hermes announced strategic enhancements to its index fund lineup in 2024, including expanded ESG integration options for mid-cap strategies amid growing demand for sustainable indexing; the firm also completed the acquisition of certain active equity teams from smaller managers to bolster passive product research in mid-cap segments. Additionally, FMDCX underwent a minor share class restructuring in early 2025 to align with regulatory changes under updated SEC liquidity rules, improving redemption processing efficiency without altering its core index-tracking mandate. These changes reflect Federated Hermes' ongoing commitment to operational resilience and product innovation in a competitive passive fund landscape.