Fidelity Advisor Hedged Equity M (FEQNX)

Fund Assets	835.82M
Expense Ratio	1.051%
Min. Investment	$0.00
Turnover	107.00%
Dividend (ttm)	0.01
Dividend Yield	0.07%
Dividend Growth	-50.00%
Payout Frequency	Annual
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.21
YTD Return	9.41%
1-Year Return	11.90%
5-Year Return	n/a
52-Week Low	14.02
52-Week High	16.45
Beta (5Y)	n/a
Holdings	440
Inception Date	Sep 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
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: FEQNX
• Share Class: Class M
• Index: S&P 500 TR

Performance

FEQNX had a total return of 11.90% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.76%.

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%
FEQJX	Fidelity Advisor Hedged Equity Fund: Class I	0.55%
FEQAX	Fidelity Advisor Hedged Equity Fund: Class A	0.80%
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	$0.011	Dec 22, 2025
Dec 20, 2024	$0.022	Dec 23, 2024
Dec 8, 2023	$0.028	Dec 11, 2023
Mar 10, 2023	$0.002	Mar 13, 2023
Dec 9, 2022	$0.019	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:

Oct 12, 2026

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