Fidelity Advisor Equity Market Neutral A (FEMLX)

Fund Assets	20.23M
Expense Ratio	1.38%
Min. Investment	$0.00
Turnover	59.00%
Dividend (ttm)	n/a
Dividend Yield	n/a
Dividend Growth	n/a
Payout Frequency	n/a
Ex-Dividend Date	Dec 12, 2025

Previous Close	10.58
YTD Return	-2.13%
1-Year Return	6.46%
5-Year Return	n/a
52-Week Low	9.94
52-Week High	10.92
Beta (5Y)	n/a
Holdings	229
Inception Date	n/a

About FEMLX

Fidelity Equity Market Neutral Fund is a mutual fund that pursues a market neutral strategy, aiming to deliver capital appreciation with low correlation to broad equity market movements. The fund normally invests at least 80% of its assets in equity securities and related derivatives, utilizing long and short positions in both domestic and international stocks. Through this approach, the fund seeks to minimize exposure to market risk (beta), striving to balance the impact of rising and falling stock prices. Its diversification extends across developed and emerging markets, with instruments such as futures, options, and swaps also employed for portfolio management and hedging. The disciplined allocation process incorporates both fundamental and quantitative analysis, selecting securities believed to be undervalued for long positions and those expected to underperform for short positions. By maintaining neutrality toward factors like style, country, or sector, the Fidelity Equity Market Neutral Fund serves as an alternative investment strategy designed to generate returns that are less dependent on the overall direction of global equity markets, making it a specialized tool for portfolio diversification.

• Fund Family: Fidelity
• Category: Equity Market Neutral
• Stock Exchange: NASDAQ
• Ticker Symbol: FEMLX
• Share Class: Class A

Performance

FEMLX had a total return of 6.46% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.72%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FEMWX	Fidelity Advisor Equity Market Neutral Fund: Class Z	1.08%
FEMUX	Fidelity Advisor Equity Market Neutral Fund: Class I	1.13%
FEMOX	Fidelity Advisor Equity Market Neutral Fund: Class M	1.63%
FEMQX	Fidelity Advisor Equity Market Neutral Fund: Class C	2.13%

Top 10 Holdings

28.37% of assets

Name	Symbol	Weight
Morgan Stanley Institutional Fund, Inc. Global Infrastructure Portfolio - Morgan Stanley Inst Lqudty Prime Inst	MPFXX	8.45%
SK hynix Inc.	000660	2.91%
Samsung Electronics Co., Ltd.	005930	2.56%
Taiwan Semiconductor Manufacturing Company Limited	2330	2.36%
BHP Group Limited	BHP	2.14%
Morgan Stanley	MS	2.12%
Bristol-Myers Squibb Company	BMY	2.07%
Redeia Corporación, S.A.	RED	1.97%
RELX PLC	REL	1.95%
Zions Bancorporation, National Association	ZION	1.84%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 12, 2025	$0.024	Dec 15, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Aug 27, 2026

Data Sources Report a data error