Fidelity Advisor Hedged Equity I (FEQJX)

Fund Assets	835.82M
Expense Ratio	0.55%
Min. Investment	$0.00
Turnover	107.00%
Dividend (ttm)	0.08
Dividend Yield	0.52%
Dividend Growth	-29.41%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.23
YTD Return	9.91%
1-Year Return	12.50%
5-Year Return	n/a
52-Week Low	14.00
52-Week High	16.46
Beta (5Y)	n/a
Holdings	440
Inception Date	Sep 1, 2022

About FEQJX

The Fidelity Advisor Hedged Equity Fund - Class I is an actively managed mutual fund designed to seek capital appreciation by investing primarily in large-cap U.S. equity securities. The fund typically allocates at least 80% of its assets to common stocks of companies with market capitalizations generally similar to those included in the S&P 500 Index. It uses a blend of both growth and value stocks, aiming for risk-return characteristics that closely match the S&P 500 Index. A distinguishing feature of this fund is its disciplined options-based hedging strategy: it regularly purchases put options to help provide downside protection, with the goal of mitigating losses during market downturns. The fund employs a diversified mix of option strike prices and expirations to tailor its risk management. Managed by an experienced team, the fund’s portfolio is concentrated in major U.S. equities across sectors such as technology, financials, and consumer discretionary. This approach makes the Fidelity Advisor Hedged Equity Fund - Class I particularly notable for investors seeking broad equity exposure with a built-in mechanism to address potential volatility and market declines.

• Fund Family: Fidelity
• Category: Options Trading
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FEQJX
• Share Class: Class I
• Index: S&P 500 TR

Performance

FEQJX had a total return of 12.50% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.34%.

Equivalent Funds

These are funds that follow the same index from the other major fund companies.

Symbol	Provider	Name	Expense Ratio
VQNPX	Vanguard	Vanguard Growth and Income Fund Investor Shares	0.39%
VPMCX	Vanguard	Vanguard PRIMECAP Inv	0.35%

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%
FEQAX	Fidelity Advisor Hedged Equity Fund: Class A	0.80%
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	$0.084	Dec 22, 2025
Dec 20, 2024	$0.115	Dec 23, 2024
Mar 8, 2024	$0.004	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 13, 2026

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