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	0.50%
Dividend Growth	-33.33%
Payout Frequency	n/a
Ex-Dividend Date	Dec 19, 2025

Previous Close	16.27
YTD Return	9.89%
1-Year Return	9.75%
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 9.75% in the past year, including dividends. Since the fund's inception, the average annual return has been 13.41%.

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
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:

Oct 13, 2026

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