Fidelity Equity Market Neutral (FEMNX)

Fund Assets	20.23M
Expense Ratio	1.13%
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	10.64
YTD Return	-2.03%
1-Year Return	6.74%
5-Year Return	n/a
52-Week Low	9.97
52-Week High	10.97
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.

• Fund Family: Fidelity
• Category: Equity Market Neutral
• Stock Exchange: NASDAQ
• Ticker Symbol: FEMNX

Performance

FEMNX had a total return of 6.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.99%.

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%
FEMLX	Fidelity Advisor Equity Market Neutral Fund: Class A	1.38%
FEMOX	Fidelity Advisor Equity Market Neutral Fund: Class M	1.63%

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 28, 2026

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