Fidelity Advisor Equity Market Neutral Fund (FEMOX)
| Fund Assets | 14.36M |
| Expense Ratio | 1.64% |
| 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 | 9.83 |
| YTD Return | 1.98% |
| 1-Year Return | -1.61% |
| 5-Year Return | n/a |
| 52-Week Low | 9.49 |
| 52-Week High | 9.98 |
| Beta (5Y) | n/a |
| Holdings | 208 |
| Inception Date | n/a |
About FEMOX
Fidelity Equity Market Neutral Mutual Fund is an alternative mutual fund designed to pursue capital appreciation while maintaining a market-neutral stance. The fund achieves this by investing at least 80% of its assets in equity securities and equity-related derivative instruments, taking both long and short positions in domestic and international equities. By balancing long and short exposures, the fund aims to minimize net market risk and deliver returns that are less correlated with broader equity market movements. The investment approach can include direct equity selection as well as the use of derivatives such as futures, options, swaps, and contracts for difference, allowing for versatile portfolio construction and risk management. The fund’s holdings span a diverse set of sectors and regions, including allocations to U.S. and international markets, with exposure to both developed and emerging economies. Its structure makes it particularly suitable for investors seeking diversification benefits and reduced market beta, playing a distinctive role in achieving absolute return objectives or as part of a broader alternatives allocation within a portfolio.
Performance
FEMOX had a total return of -1.61% in the past year, including dividends. Since the fund's inception, the average annual return has been -2.13%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Top 10 Holdings
37.06% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Institutional Prime Portfolio | MPFXX | 18.73% |
| MORGAN STANLEY and CO. INTERNATIONAL PLC - SIEMENS ENERGY AG (MS) (CFD) | n/a | 2.70% |
| Wells Fargo & Company | WFC | 2.06% |
| Insulet Corporation | PODD | 2.01% |
| JPMORGAN SECURITIES PLC - RESORTTRUST INC (JPM) (CFD) | n/a | 1.99% |
| L3Harris Technologies, Inc. | LHX | 1.97% |
| Centrica plc | CNA | 1.91% |
| Fresenius SE & Co. KGaA | FRE | 1.91% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 1.89% |
| Makita Corporation | 6586 | 1.89% |