FEMQX (FEMQX)
| Fund Assets | 18.43M |
| Expense Ratio | 2.14% |
| Min. Investment | $0.00 |
| Turnover | 78.00% |
| Dividend (ttm) | 0.02 |
| Dividend Yield | 0.23% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Dec 12, 2025 |
| Previous Close | 10.63 |
| YTD Return | -0.56% |
| 1-Year Return | 7.95% |
| 5-Year Return | n/a |
| 52-Week Low | 9.63 |
| 52-Week High | 10.80 |
| Beta (5Y) | n/a |
| Holdings | 226 |
| Inception Date | n/a |
About FEMQX
Fidelity Equity Market Neutral is a mutual fund that employs a market-neutral investment strategy, aiming to deliver returns independent of general equity market movements. The fund achieves this by taking both long and short positions in equity securities and equity-related derivatives, including instruments such as contracts for difference, futures, options, and swap agreements. This approach is designed to neutralize exposure to broad market risk, thereby producing returns with low correlation to overall market performance. The fund invests in both domestic and international companies across developed and emerging markets, utilizing the flexibility to select securities regardless of geographic location or sector. Fidelity Equity Market Neutral plays a distinctive role in the financial market by offering investors a tool for diversification and potential volatility reduction within a broader portfolio, as it seeks to generate consistent returns regardless of market direction. The fund is managed by Fidelity Investments and categorized under the Equity Market Neutral strategy, appealing to investors looking for alternative strategies that emphasize risk management and market-independent performance.
Performance
FEMQX had a total return of 7.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.24%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
Top 10 Holdings
26.53% of assets| Name | Symbol | Weight |
|---|---|---|
| Morgan Stanley Institutional Prime Portfolio | MPFXX | 8.14% |
| Ibiden Co.,Ltd. | 4062 | 2.32% |
| Taiwan Semiconductor Manufacturing Company Limited | 2330 | 2.12% |
| Fair Isaac Corporation | FICO | 2.04% |
| L3Harris Technologies, Inc. | LHX | 2.00% |
| Morgan Stanley | MS | 2.00% |
| Standard Chartered PLC | STAN | 1.99% |
| Cognizant Technology Solutions Corporation | CTSH | 1.98% |
| Royal Bank of Canada | RY | 1.97% |
| Compagnie Financière Richemont SA | CFR | 1.97% |