The investment in SSGA S&P Midcap Index Fund is looking for replicating as closely as possible to the performance of the Standard & Poor’s 500 Index before expensive. In the normal condition of the market, the fund is not making investment less than 80% of the total assets in the stock index. The fund is attempted to replicate the investment performance of the S&P 500 Index. Generally, it has the intention to invest in all 500 stocks comprising the S&P 500 through the Portfolio. The stocks are in approximate proportion to their weightings in the index.
SSGA S&P Midcap Index Fund might sell the securities which are represented in the index. As another option, the fund might purchase the securities which are still not available in the index. This is done as the anticipation of the removal from or addition to the index. Like other funds, this fund still has some risks. For your information, value and growth stock can perform differently from other stock types. In some cases, the growth stocks can be more volatile. It is possible for value stocks to be undervalued by the market for long periods of time. Stock market is known to be unstable and is able to decline significantly in response to adverse issuer, regulatory, political, market, economic, and other developments. These risks can be extravagant in foreign markets.
If you are wondering on transaction fee, it is similar to brokerage fee or commission which you need to pay when you are purchasing or selling a stock. For the funds which are offered through Fidelity, you need to pay for transaction fee. However, you do not need to pay a sales load on Transaction Fee or TF funds. Buyers will only get charged the transaction fee when they are buying FundsNetwork TF fund not when you are selling one. You need to pay attention since other fees and expenses described in the prospectus of the fund are still applied. You can have the option to buy or sell shares directly from SSGA S&P Midcap Index Fund itself or principal underwriter or distributor without the need to pay transaction fee to the Fidelity.
There are 10 holdings of SSGA S&P Midcap Index Fund. These are including Apple Inc., Exxon Mobil Corporation, General Electric Co., Chevron Corp, Johnson & Johnson, Google, Microsoft Corporation, and much more.
To get more information on SSGA S&P Midcap Index Fund, you might want to check Morningstar. In this website, you can find mutual fund area which allows you to access to mutual fund holdings with individual and joint Fidelity non-retirement accounts. You will not get the information on individual stock positions, ETFs, and 529 funds in this view.
The mutual funds will be priced as the previous business’ day market close and when the market is open. The mutual fund positions will be priced as the official market close. Usually, it is on 4 p.m. You can see the prices of SSGA S&P Midcap Index Fund available between 5 p.m. and 6 p.m.
- Images: sec.gov, flickr.com