Federated Mid-Cap Index Fund (SS) FMDCX

Share Classes Product Type Asset Class Category
Mutual Fund Equity Mid Cap
As of 09-30-2017

Current Strategy

Federated Mid-Cap Index Fund had a total return of 3.04% (Service Shares at NAV) during the third quarter of 2017.  The fund invests primarily in the stocks of medium-size, domestic companies that are represented in the Standard & Poor's Mid-Cap 400 Index. 

Performance data quoted represents past performance, which is no guarantee of future results. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than what is stated. Other share classes may have experienced different returns than the share class presented.

To view performance current to the most recent month-end and for after tax returns, click on the Performance tab.

Click the Performance tab for standard fund performance.

Management’s strategy is to track the performance of the S&P 400 by holding the stocks that make up the index with approximately the same weightings.  The fund is managed using an enhanced indexing strategy. Enhanced indexing strategies attempt to exploit persistent market imperfections while attempting to add limited additional risk.  The principle strategy uses quantitative models to slightly over- and under-weight positions in index stocks.  Stock index futures contracts are used to manage cash flow and minimize transaction costs, while maintaining exposure to the index.

During the third quarter of 2017, the S&P 400 Index total return was 3.22%. Mid-cap value stocks as defined by the S&P 400/Citigroup Value Index had higher returns than mid-cap growth stocks as defined by the S&P 400/Citigroup Growth Index.

The best-performing sectors in the index during the quarter were Energy, Industrials and Materials.  The worst-performing sectors were Real Estate, Health Care and Telecommunication Services.