Fidelity Advisor Hedged Equity M (FEQNX)
| Fund Assets | 469.36M |
| Expense Ratio | 1.05% |
| Min. Investment | $0.00 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.02 |
| Dividend Yield | 0.14% |
| Dividend Growth | -26.67% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 20, 2024 |
| Previous Close | 14.94 |
| YTD Return | 9.67% |
| 1-Year Return | 6.80% |
| 5-Year Return | n/a |
| 52-Week Low | 12.56 |
| 52-Week High | 15.72 |
| Beta (5Y) | n/a |
| Holdings | 423 |
| Inception Date | Sep 1, 2022 |
About FEQNX
Fidelity Advisor Hedged Equity Fund Class M is an actively managed mutual fund focused on delivering capital appreciation while seeking to provide downside protection. The fund primarily invests at least 80% of its assets in equity securities, targeting common stocks of companies with market capitalizations generally consistent with those in the S&P 500 Index. Utilizing a blend of growth and value stocks, the fund aims to create a diversified portfolio whose risk-return profile closely resembles that of the S&P 500. A distinguishing feature of the fund is its disciplined options-based strategy, primarily involving the purchase of put options to help mitigate losses during market downturns. These protective options are managed to diversify strike prices and expiration dates, adjusting coverage based on option costs in the market. The fund is notable for its substantial number of holdings—over 400 as of early 2025—and is designed for investors seeking exposure to U.S. equities with an added layer of risk management through hedging.
Performance
FEQNX had a total return of 6.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.93%.
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
41.36% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.72% |
| Microsoft Corporation | MSFT | 7.21% |
| Apple Inc. | AAPL | 5.58% |
| iShares Core S&P 500 ETF | IVV | 4.06% |
| Amazon.com, Inc. | AMZN | 4.01% |
| Alphabet, Inc. | GOOGL | 3.68% |
| Meta Platforms, Inc. | META | 3.07% |
| Broadcom Inc. | AVGO | 2.48% |
| Berkshire Hathaway Inc. | BRK.B | 1.80% |
| JPMorgan Chase & Co. | JPM | 1.74% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 20, 2024 | $0.022 | Dec 23, 2024 |
| Dec 8, 2023 | $0.028 | Dec 11, 2023 |
| Mar 10, 2023 | $0.002 | Mar 13, 2023 |
| Dec 9, 2022 | $0.019 | Dec 12, 2022 |