Fidelity Advisor Hedged Equity Fund - Class M (FEQNX)

NASDAQ · Mutual Fund · Delayed Price · Currency is USD
14.14
-0.04 (-0.28%)
Jul 29, 2025, 4:00 PM EDT
-0.28%
Fund Assets390.86M
Expense Ratio1.05%
Min. Investment$0.00
Turnover56.00%
Dividend (ttm)0.02
Dividend Yield0.15%
Dividend Growth-26.67%
Payout FrequencyAnnual
Ex-Dividend Daten/a
Previous Close14.18
YTD Return7.37%
1-Year Return13.58%
5-Year Returnn/a
52-Week Low12.07
52-Week High14.18
Beta (5Y)n/a
Holdings427
Inception DateSep 1, 2022

About FEQNX

Fidelity Advisor Hedged Equity Fund Class M is an actively managed mutual fund focused on delivering capital appreciation while seeking to provide downside protection. The fund primarily invests at least 80% of its assets in equity securities, targeting common stocks of companies with market capitalizations generally consistent with those in the S&P 500 Index. Utilizing a blend of growth and value stocks, the fund aims to create a diversified portfolio whose risk-return profile closely resembles that of the S&P 500. A distinguishing feature of the fund is its disciplined options-based strategy, primarily involving the purchase of put options to help mitigate losses during market downturns. These protective options are managed to diversify strike prices and expiration dates, adjusting coverage based on option costs in the market. The fund is notable for its substantial number of holdings—over 400 as of early 2025—and is designed for investors seeking exposure to U.S. equities with an added layer of risk management through hedging.

Fund Family Fidelity
Category Options Trading
Stock Exchange NASDAQ
Ticker Symbol FEQNX
Share Class Class M
Index S&P 500 TR

Performance

FEQNX had a total return of 13.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.84%.

Equivalent Funds

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

SymbolProviderNameExpense Ratio
VQNPXVanguardVanguard Growth and Income Fund Investor Shares0.36%
VPMCXVanguardVanguard PRIMECAP Fund Investor Shares0.38%

Other Share Classes

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

SymbolShare ClassExpense Ratio
FEQZXFidelity Advisor Hedged Equity Fund: Class Z0.50%
FEQJXFidelity Advisor Hedged Equity Fund: Class I0.55%
FEQAXFidelity Advisor Hedged Equity Fund: Class A0.80%
FEQDXFidelity Advisor Hedged Equity Fund: Class C1.55%

Top 10 Holdings

35.54% of assets
NameSymbolWeight
Apple Inc.AAPL6.53%
Microsoft CorporationMSFT6.10%
NVIDIA CorporationNVDA5.47%
Amazon.com, Inc.AMZN3.57%
Alphabet Inc.GOOGL3.51%
Meta Platforms, Inc.META2.53%
Berkshire Hathaway Inc.BRK.B2.24%
iShares Core S&P 500 ETFIVV2.10%
Broadcom Inc.AVGO1.87%
JPMorgan Chase & Co.JPM1.61%

Dividend History

Ex-DividendAmountPay Date
Dec 20, 2024$0.022Dec 23, 2024
Dec 8, 2023$0.028Dec 11, 2023
Mar 10, 2023$0.002Mar 13, 2023
Dec 9, 2022$0.019Dec 12, 2022