Fidelity Advisor Hedged Equity Fund - Class I (FEQJX)
| Fund Assets | 434.68M |
| Expense Ratio | 0.55% |
| Min. Investment | $0.00 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.12 |
| Dividend Yield | 0.80% |
| Dividend Growth | 40.00% |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 14.34 |
| YTD Return | 9.21% |
| 1-Year Return | 16.54% |
| 5-Year Return | n/a |
| 52-Week Low | 12.10 |
| 52-Week High | 14.35 |
| Beta (5Y) | n/a |
| Holdings | 427 |
| Inception Date | Sep 1, 2022 |
About FEQJX
The Fidelity Advisor Hedged Equity Fund - Class I is an actively managed mutual fund designed to seek capital appreciation by investing primarily in large-cap U.S. equity securities. The fund typically allocates at least 80% of its assets to common stocks of companies with market capitalizations generally similar to those included in the S&P 500 Index. It uses a blend of both growth and value stocks, aiming for risk-return characteristics that closely match the S&P 500 Index. A distinguishing feature of this fund is its disciplined options-based hedging strategy: it regularly purchases put options to help provide downside protection, with the goal of mitigating losses during market downturns. The fund employs a diversified mix of option strike prices and expirations to tailor its risk management. Managed by an experienced team, the fund’s portfolio is concentrated in major U.S. equities across sectors such as technology, financials, and consumer discretionary. This approach makes the Fidelity Advisor Hedged Equity Fund - Class I particularly notable for investors seeking broad equity exposure with a built-in mechanism to address potential volatility and market declines.
Performance
FEQJX had a total return of 16.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.78%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
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 | $0.115 | Dec 23, 2024 |
| Mar 8, 2024 | $0.004 | Mar 11, 2024 |
| Dec 27, 2023 | $0.007 | Dec 28, 2023 |
| Dec 8, 2023 | $0.072 | Dec 11, 2023 |
| Mar 10, 2023 | $0.006 | Mar 13, 2023 |
| Dec 9, 2022 | $0.035 | Dec 12, 2022 |