Fidelity Salem Street Trust - Fidelity Mid Cap Growth Index Fund(NASDAQMUTFUND) FMDGX

The Fidelity Mid Cap Growth Index Fund focuses on growth-oriented mid-sized companies in the U.S. equity market. This fund typically invests at least 80% of its holdings in securities from the Russell Midcap® Growth Index, providing investors with exposure to a diverse range of growth stocks.

Products and Services

• Investment in mid-cap growth stocks
• Access to a diversified portfolio
• Management of assets with a focus on growth

Growth Outlook

• Mid-cap growth stocks have shown resilience in various market conditions
• Potential for higher returns compared to large-cap stocks
• Increased investor interest in mid-sized companies

Financial Highlights

• Market capitalization of approximately $4.19 billion
• Recent dividend yield of 1.73% reflects steady income
• Stock price range between $31.70 and $37.61 over the past year

The Fidelity Mid Cap Growth Index Fund offers a strategic approach to investing in mid-sized growth companies, which are often positioned for significant expansion. The fund's focus on the Russell Midcap® Growth Index allows for a well-rounded investment strategy, targeting companies with strong growth potential. The recent market capitalization indicates a solid presence in the investment landscape, while the dividend yield provides an attractive income stream for investors. The stock price's performance over the past year suggests stability and potential for future growth, making this fund a noteworthy consideration for those interested in mid-cap investments.