Fidelity Advisor Equity Market Neutral Fund: Class I (FEMUX)
| Fund Assets | 17.90M |
| Expense Ratio | 1.13% |
| 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 | 10.56 |
| YTD Return | -2.86% |
| 1-Year Return | 6.38% |
| 5-Year Return | n/a |
| 52-Week Low | 9.83 |
| 52-Week High | 10.97 |
| Beta (5Y) | n/a |
| Holdings | 229 |
| Inception Date | n/a |
About FEMUX
Fidelity Equity Market Neutral Fund is an alternative mutual fund designed to seek capital appreciation through a market neutral strategy. The fund primarily invests at least 80% of its assets in equity securities and related derivatives, taking both long and short positions in domestic and international companies, including those in emerging markets. By holding both long and short exposures, the fund aims to minimize its correlation with broader equity market movements, targeting returns that are largely independent of market direction. This approach is structured to reduce the fund’s overall market risk (beta), with no specific bias toward sector, country, or investment style. The portfolio is constructed using a disciplined process that incorporates both fundamental and quantitative analysis to identify undervalued securities for long positions and overvalued ones for short positions. Its diversified positioning and use of advanced derivative instruments, such as futures, options, and swap agreements, allow the fund to adapt to various market conditions. The Fidelity Equity Market Neutral Fund serves investors seeking an alternative investment with exposure to global equities, but with a risk profile distinct from traditional long-only equity funds.
Performance
FEMUX had a total return of 6.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.70%.
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
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% |