Fidelity Advisor Hedged Equity Z (FEQZX)

Fund Assets	835.82M
Expense Ratio	0.493%
Min. Investment	$0.00
Turnover	107.00%
Dividend (ttm)	0.08
Dividend Yield	0.51%
Dividend Growth	-33.33%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.20
YTD Return	7.33%
1-Year Return	5.44%
5-Year Return	n/a
52-Week Low	14.03
52-Week High	16.50
Beta (5Y)	n/a
Holdings	440
Inception Date	Sep 1, 2022

About FEQZX

Fidelity Advisor Hedged Equity Fund - Class Z is an actively managed mutual fund designed to provide capital appreciation while seeking to mitigate downside risk. The fund primarily invests at least 80% of its assets in equity securities, predominantly targeting large-cap companies with market capitalizations similar to those in the S&P 500 Index. This approach allows the fund to capture broad equity market exposure without being limited to either growth or value styles. A distinguishing characteristic of the fund is its disciplined use of options-based strategies, especially the purchase of put options, which serve as a form of portfolio insurance intended to offset or lessen losses during market downturns. The fund's portfolio typically features a diversified mix of prominent U.S. companies, with top holdings including firms like Apple, Microsoft, and NVIDIA, reflecting its alignment with major market sectors. Managed by a team of experienced professionals, the fund appeals to investors interested in equity participation with an added layer of risk management. As a Class Z share, it is available primarily to eligible institutional investors and is positioned within the options trading mutual fund category, reflecting its unique risk-return profile and market role.

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

Performance

FEQZX had a total return of 5.44% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.57%.

Equivalent Funds

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

Symbol	Provider	Name	Expense Ratio
VPMCX	Vanguard	Vanguard PRIMECAP Inv	0.34%
VQNPX	Vanguard	Vanguard Growth and Income Fund Investor Shares	0.41%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
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%
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	$0.082	Dec 22, 2025
Dec 20, 2024	$0.120	Dec 23, 2024
Mar 8, 2024	$0.003	Mar 11, 2024
Dec 27, 2023	$0.005	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:

Nov 2, 2026

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