Fidelity Advisor Hedged Equity Fund - Class A (FEQAX)
| Fund Assets | 434.68M |
| Expense Ratio | 0.80% |
| Min. Investment | $0.00 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.07 |
| Dividend Yield | 0.45% |
| Dividend Growth | 38.00% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 14.35 |
| YTD Return | 8.74% |
| 1-Year Return | 15.91% |
| 5-Year Return | n/a |
| 52-Week Low | 12.12 |
| 52-Week High | 14.35 |
| Beta (5Y) | n/a |
| Holdings | 427 |
| Inception Date | n/a |
About FEQAX
Fidelity Advisor Hedged Equity Fund - Class A is an open-end mutual fund designed to provide capital appreciation while seeking to offer investors a measure of downside protection. The fund principally invests at least 80% of its assets in equity securities, focusing on common stocks of companies with market capitalizations generally similar to those in the S&P 500 Index. Its portfolio spans both growth and value stocks across diverse sectors, aiming to mirror the risk-return characteristics of the broader large-cap U.S. equity market. What distinguishes this fund is its disciplined options-based strategy. The managers employ put options to help mitigate losses during adverse market conditions, thus offering a degree of protection against significant declines. The extent of this hedging can fluctuate based on the prevailing cost of such options and is diversified across strike prices and expirations. With hundreds of holdings and a focus on diversification, the fund is structured to provide core equity exposure while addressing volatility and drawdowns—making it notable for investors cautious about market setbacks yet seeking participation in equity market growth.
Performance
FEQAX had a total return of 15.91% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.38%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Top 10 Holdings
35.54% of assets| Name | Symbol | Weight |
|---|---|---|
| Apple Inc. | AAPL | 6.53% |
| Microsoft Corporation | MSFT | 6.10% |
| NVIDIA Corporation | NVDA | 5.47% |
| Amazon.com, Inc. | AMZN | 3.57% |
| Alphabet Inc. | GOOGL | 3.51% |
| Meta Platforms, Inc. | META | 2.53% |
| Berkshire Hathaway Inc. | BRK.B | 2.24% |
| iShares Core S&P 500 ETF | IVV | 2.10% |
| Broadcom Inc. | AVGO | 1.87% |
| JPMorgan Chase & Co. | JPM | 1.61% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.069 | Dec 23, 2024 |
| Dec 8, 2023 | $0.047 | Dec 11, 2023 |
| Mar 10, 2023 | $0.003 | Mar 13, 2023 |
| Dec 9, 2022 | $0.030 | Dec 12, 2022 |