Is Fidelity Mid-Cap Stock Fund (FMCSX) Worth Another Look?

Fidelity Mid-Cap Stock Fund (FMCSX) a Zacks Rank #2 (Buy) was incepted in March 29, 1994 and is managed by Fidelity Group. The objective of FMCSX is to seek long-term growth of capital. FMCSX invests at least 80% of assets in common stocks of companies with medium market capitalization (those with market capitalization similar to companies in the Russell Midcap Index or the S&P MidCap 400). FMCSX invests in companies with smaller or larger market capitalization and in domestic and foreign issuers. FMCSX also invests in either 'growth' stocks or 'value' stocks or both.

This Global - Equity fund, as of the last filing, allocates their fund in six major groups; Large Value, Small Growth, High Yield Bond, Intermediate Bond, Foreign Stock and Precious Metal. Further, as of the last filing, Constellation Brands Inc (NYSE:STZ)., Eurofins Scientific SE and Henry Schein (NASDAQ:HSIC), Inc. were the top holdings for FMCSX.

The Fidelity Mid-Cap Stock fund, managed by Fidelity, carries an expense ratio of 0.70%. Moreover, FMCSX requires a minimal initial investment of $2,500.

FMCSX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9.42% and 5 year 8.87%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

FMCSX’s performance, as of the last filing, when compared to funds in its category was in the top 26% in 1 year, top 7% over the past 3 years, and in the 9% over the past 5 years.

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