Fidelity Advisor Hedged Equity Fund - Class A (FEQAX)

Fund Assets	767.42M
Expense Ratio	0.80%
Min. Investment	$0.00
Turnover	107.00%
Dividend (ttm)	0.08
Dividend Yield	0.43%
Dividend Growth	8.70%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.38
YTD Return	10.38%
1-Year Return	16.59%
5-Year Return	n/a
52-Week Low	13.99
52-Week High	16.38
Beta (5Y)	n/a
Holdings	440
Inception Date	n/a

About FEQAX

Fidelity Advisor Hedged Equity Fund - Class A is an open-end mutual fund designed to provide capital appreciation while seeking to offer investors a measure of downside protection. The fund principally invests at least 80% of its assets in equity securities, focusing on common stocks of companies with market capitalizations generally similar to those in the S&P 500 Index. Its portfolio spans both growth and value stocks across diverse sectors, aiming to mirror the risk-return characteristics of the broader large-cap U.S. equity market. What distinguishes this fund is its disciplined options-based strategy. The managers employ put options to help mitigate losses during adverse market conditions, thus offering a degree of protection against significant declines. The extent of this hedging can fluctuate based on the prevailing cost of such options and is diversified across strike prices and expirations. With hundreds of holdings and a focus on diversification, the fund is structured to provide core equity exposure while addressing volatility and drawdowns—making it notable for investors cautious about market setbacks yet seeking participation in equity market growth.

• Fund Family: Fidelity
• Category: Options Trading
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: FEQAX
• Share Class: Class A

Performance

FEQAX had a total return of 16.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.88%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
FEQZX	Fidelity Advisor Hedged Equity Fund: Class Z	0.50%
FEQJX	Fidelity Advisor Hedged Equity Fund: Class I	0.55%
FEQNX	Fidelity Advisor Hedged Equity Fund: Class M	1.05%
FEQDX	Fidelity Advisor Hedged Equity Fund: Class C	1.55%

Top 10 Holdings

40.33% of assets

Name	Symbol	Weight
NVIDIA Corporation	NVDA	7.73%
Alphabet Inc.	GOOGL	6.42%
Apple Inc.	AAPL	6.40%
Microsoft Corporation	MSFT	5.00%
Amazon.com, Inc.	AMZN	4.28%
Broadcom Inc.	AVGO	3.22%
Meta Platforms, Inc.	META	2.21%
Tesla, Inc.	TSLA	1.77%
Berkshire Hathaway Inc.	BRK.B	1.66%
JPMorgan Chase & Co.	JPM	1.63%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 19, 2025	$0.075	Dec 22, 2025
Dec 20, 2024	$0.069	Dec 23, 2024
Dec 8, 2023	$0.047	Dec 11, 2023
Mar 10, 2023	$0.003	Mar 13, 2023
Dec 9, 2022	$0.030	Dec 12, 2022

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 11, 2026

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