Fidelity Hedged Equity (FEQHX)

Fund Assets	835.82M
Expense Ratio	0.57%
Min. Investment	$0.00
Turnover	107.00%
Dividend (ttm)	0.06
Dividend Yield	0.39%
Dividend Growth	-20.00%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.22
YTD Return	10.30%
1-Year Return	11.75%
5-Year Return	n/a
52-Week Low	14.06
52-Week High	16.54
Beta (5Y)	0.80
Holdings	440
Inception Date	n/a

About FEQHX

Fidelity Hedged Equity Fund is an actively managed mutual fund focused on providing capital appreciation with a defensive investment approach. Its primary purpose is to offer equity market exposure while seeking to reduce downside risk during periods of heightened market volatility, such as drawdowns and bear markets. The fund accomplishes this objective by holding a diversified portfolio of large-cap U.S. equities, with company selections generally mirroring those in the S&P 500 Index. Notable holdings frequently include prominent technology and consumer companies like Apple, Microsoft, and Amazon. A distinguishing feature of the fund is its disciplined, options-based hedging strategy: it systematically purchases listed put options on the S&P 500 Index. These options are designed to help offset or mitigate portfolio losses during significant market declines, maintaining a more defensive profile than standard equity-only funds. The protective strategy is managed with a fixed budget for put purchases and employs a laddered approach to gain the best value from the options market. In practice, this makes the fund particularly relevant for investors seeking equity growth potential while aiming to cushion their portfolios against unpredictable market shocks and severe downturns. The fund began operations in 2022 and reflects Fidelity’s commitment to risk-managed investment solutions.

• Fund Family: Fidelity
• Category: Options Trading
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FEQHX

Performance

FEQHX had a total return of 11.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.42%.

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%
FEQAX	Fidelity Advisor Hedged Equity Fund: Class A	0.80%
FEQNX	Fidelity Advisor Hedged Equity Fund: Class M	1.05%

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	$0.064	Dec 22, 2025
Dec 20, 2024	$0.077	Dec 23, 2024
Mar 8, 2024	$0.003	Mar 11, 2024
Dec 27, 2023	$0.007	Dec 28, 2023
Dec 8, 2023	$0.072	Dec 11, 2023
Mar 10, 2023	$0.006	Mar 13, 2023

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:

Oct 16, 2026

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