Fidelity Advisor Equity Market Neutral M (FEMOX)

Fund Assets	20.23M
Expense Ratio	1.63%
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	10.53
YTD Return	-2.23%
1-Year Return	6.28%
5-Year Return	n/a
52-Week Low	9.91
52-Week High	10.88
Beta (5Y)	n/a
Holdings	229
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.

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

Performance

FEMOX had a total return of 6.28% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.49%.

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%
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 28, 2026

Data Sources Report a data error