FMDCX Performance — Federated Hermes Mid-Cap Index Fund, Service Shares
Data updated: 2026-09-23
FMDCX returned +14.48% year to date and +20.57% over one year to Jul 2026. Annualised returns are +12.65% over 3 years and +8.13% over 5 years. Against its US Mid-Cap Blend category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $143, against $144 for the category, and to $121 over one year, against $119. Volatility over the past three years was 15.88% a year. In the 12 months to Jul 2026 the fund lost a net $30.1M, and assets reached $282.27M.
FMDCX Growth of $100
What $100 invested in Federated Hermes Mid-Cap Index Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Mid-Cap Blend category average over the same months.
| Period | FMDCX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $121 | $119 |
| 3 years (Aug 2023 – Jul 2026) | $143 | $144 |
| 5 years (Aug 2021 – Jul 2026) | $148 | $145 |
| Since data start (Aug 2019 – Jul 2026) | $208 | $204 |
FMDCX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +14.48% |
| 1 year | +20.57% |
| 3 years (annualised) | +12.65% |
| 5 years (annualised) | +8.13% |
FMDCX Annual Returns
Calendar-year total returns of Federated Hermes Mid-Cap Index Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +14.48% |
| 2025 | +7.10% |
| 2024 | +13.43% |
| 2023 | +16.43% |
| 2022 | −13.71% |
| 2021 | +24.73% |
| 2020 | +13.02% |
| 2019 (Aug–Dec) | +5.41% |
FMDCX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +4.0% | +4.1% | −5.4% | +7.9% | +2.4% | +3.6% | −2.4% | — | — | — | — | — |
| 2025 | +3.8% | −4.4% | −5.4% | −2.2% | +5.5% | +3.6% | +1.5% | +3.4% | +0.4% | −0.5% | +1.9% | +0.1% |
| 2024 | −1.6% | +5.9% | +5.6% | −6.1% | +4.3% | −1.7% | +5.8% | −0.1% | +1.2% | −0.8% | +8.6% | −7.1% |
| 2023 | +9.2% | −1.8% | −3.2% | −0.9% | −3.1% | +9.1% | +4.1% | −2.9% | −5.3% | −5.4% | +8.7% | +8.7% |
| 2022 | −7.2% | +1.1% | +1.3% | −7.1% | +0.7% | −9.7% | +10.7% | −3.3% | −9.2% | +10.5% | +6.0% | −5.5% |
| 2021 | +1.4% | +6.8% | +4.7% | +4.6% | +0.2% | −1.1% | +0.4% | +2.0% | −4.0% | +5.9% | −2.9% | +5.1% |
| 2020 | −2.6% | −9.6% | −20.2% | +14.1% | +7.2% | +1.2% | +4.7% | +3.3% | −3.2% | +2.1% | +14.1% | +6.5% |
| 2019 | — | — | — | — | — | — | — | −4.3% | +3.0% | +1.1% | +3.0% | +2.7% |
FMDCX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 15.88%
- 3-year Sharpe ratio: 0.51 (vs 4.5% risk-free rate)
- Best month: +8.68% (Nov 2023)
- Worst month: −7.13% (Dec 2024)
FMDCX Fund Flows
Monthly money in and out of Federated Hermes Mid-Cap Index Fund, from SEC Form N-PORT.
- 12-month net flow: −$30.1M
- 12-month gross sales (incl. reinvestments): $60.2M
- Sales ÷ redemptions: 0.67×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $3.0M | $8.6M | −$5.6M |
| Jun 2026 | $6.7M | $6.3M | $381K |
| May 2026 | $1.7M | $5.6M | −$3.9M |
| Apr 2026 | $2.7M | $6.0M | −$3.3M |
| Mar 2026 | $3.9M | $9.2M | −$5.4M |
| Feb 2026 | $2.1M | $4.4M | −$2.3M |
| Jan 2026 | $3.8M | $19.8M | −$16.0M |
| Dec 2025 | $28.2M | $8.9M | $19.3M |
| Nov 2025 | $2.3M | $4.2M | −$1.9M |
| Oct 2025 | $2.2M | $5.9M | −$3.8M |
| Sep 2025 | $2.1M | $6.5M | −$4.4M |
| Aug 2025 | $1.6M | $5.0M | −$3.3M |
FMDCX Assets Under Management
Net assets of Federated Hermes Mid-Cap Index Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $282.27M |
| 2026-04-30 | $281.73M |
| 2026-01-31 | $276.15M |
| 2025-10-31 | $284.56M |
| 2025-07-31 | $286.96M |
| 2025-04-30 | $261.26M |
| 2025-01-31 | $301.92M |
| 2024-10-31 | $302.05M |
| 2024-07-31 | $307.97M |
| 2024-04-30 | $288.72M |
| 2024-01-31 | $301.83M |
| 2023-10-31 | $273.58M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.