Fidelity Advisor Equity Market Neutral Fund (FEMNX)
| Fund Assets | 13.46M |
| Expense Ratio | 1.14% |
| Min. Investment | $0.00 |
| Turnover | 78.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 9.96 |
| YTD Return | 3.12% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 9.52 |
| 52-Week High | 10.16 |
| Beta (5Y) | n/a |
| Holdings | 229 |
| Inception Date | n/a |
About FEMNX
Fidelity Equity Market Neutral is a mutual fund designed to seek capital appreciation through a disciplined market-neutral strategy. The fund primarily invests at least 80% of its assets in equity securities and related derivative instruments, including taking both long and short positions. By employing a combination of fundamental and quantitative analysis, the fund aims to identify undervalued securities for long exposure and overvalued securities for short exposure, striving to neutralize general market risks and provide returns that are independent of broad market movements. In addition to equities, the fund may use derivatives such as contracts for difference, equity futures, and index futures for hedging and efficient portfolio management. Its strategy may also involve investments in U.S. government securities, cash, and cash equivalents to manage collateral and liquidity needs. As a market-neutral fund, Fidelity Equity Market Neutral serves investors seeking diversification from traditional equity strategies, aiming to generate risk-adjusted returns regardless of overall market direction, and it can play a distinctive role in multi-asset or alternative investment portfolios.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Top 10 Holdings
40.61% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Institutional Prime Portfolio | MPFXX | 21.12% |
| Apollo Global Management, Inc. | APO | 2.31% |
| Meta Platforms, Inc. | META | 2.30% |
| Wells Fargo & Company | WFC | 2.29% |
| Insulet Corporation | PODD | 2.22% |
| Morgan Stanley | MS | 2.18% |
| Expedia Group, Inc. | EXPE | 2.16% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 2.04% |
| JPMorgan Chase & Co. | JPM | 2.01% |
| Kuraray Co., Ltd. | 3405 | 1.96% |