Fidelity Advisor Equity Market Neutral C (FEMQX)

Fund Assets	20.23M
Expense Ratio	2.13%
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	10.41
YTD Return	-2.62%
1-Year Return	5.71%
5-Year Return	n/a
52-Week Low	9.85
52-Week High	10.80
Beta (5Y)	n/a
Holdings	229
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.

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

Performance

FEMQX had a total return of 5.71% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.95%.

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

Data Sources Report a data error