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Trending ETFs

Fidelity Equity Market Neutral Fund

mutual fund
FEMLX
Payout Change
None
Price as of:
$9.58 +0.03 +0.31%
primary theme
N/A
share class
Other (FEMNX) M (FEMOX) A (FEMLX) C (FEMQX) I (FEMUX) Z (FEMWX)
FEMLX (Mutual Fund)

Fidelity Equity Market Neutral Fund

Payout Change
None
Price as of:
$9.58 +0.03 +0.31%
primary theme
N/A
share class
Other (FEMNX) M (FEMOX) A (FEMLX) C (FEMQX) I (FEMUX) Z (FEMWX)
FEMLX (Mutual Fund)

Fidelity Equity Market Neutral Fund

Payout Change
None
Price as of:
$9.58 +0.03 +0.31%
primary theme
N/A
share class
Other (FEMNX) M (FEMOX) A (FEMLX) C (FEMQX) I (FEMUX) Z (FEMWX)

Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Equity Market Neutral Fund

FEMLX | Fund

$9.58

$10 M

0.00%

2.61%

Vitals

YTD Return

N/A

1 yr return

N/A

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$10 M

Holdings in Top 10

38.2%

52 WEEK LOW AND HIGH

$9.6
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 2.61%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/07/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Fidelity Equity Market Neutral Fund

FEMLX | Fund

$9.58

$10 M

0.00%

2.61%

FEMLX - Profile

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Fidelity Equity Market Neutral Fund
  • Fund Family Name
    Fidelity Group of Funds
  • Inception Date
    Jul 05, 2024
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US

Fund Description

• Normally investing at least 80% of assets in equity securities and equity related derivative instruments.
• Investing both long and short in equities, both directly and indirectly through the use of derivatives, such as, contracts for difference (CFD), futures, options, and swap agreements, and/or a combination of the above.
• Investing in domestic and foreign issuers, including emerging markets, that are generally denominated in the local currency of the issuer. Emerging markets include countries that have an emerging stock market as defined by MSCI, countries or markets with low‑to middle-income economies as classified by the World Bank, and other countries
or markets that the Adviser identifies as having similar emerging markets characteristics.
• Utilizing forward foreign currency exchange contracts for hedging purposes.
• Utilizing a market neutral strategy that seeks to produce returns that have a low correlation to the returns of the developed and emerging equity markets in which the fund invests, with no bias towards general stock market risk (beta), style, country or sector.
• Using a disciplined portfolio construction process to select investments by employing both fundamental and quantitative analysis, taking long positions in securities that are believed to be undervalued and shorting a portion of the portfolio believed to be overvalued.
• Investing in U.S. Government securities, short-term investment funds, cash, and cash equivalents for investment purposes and to maintain collateral to cover derivatives positions.
• Using long and short derivatives for hedging, efficient portfolio management and investment purposes.
• Lending portfolio securities to earn income for the fund.
Read More

FEMLX - Performance

Return Ranking - Trailing

Period FEMLX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period FEMLX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period FEMLX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A N/A N/A N/A
1 Yr N/A N/A N/A N/A
3 Yr N/A* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period FEMLX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A N/A N/A N/A
2022 N/A N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

FEMLX - Holdings

Concentration Analysis

FEMLX Category Low Category High FEMLX % Rank
Net Assets 10 M N/A N/A N/A
Number of Holdings 212 N/A N/A N/A
Net Assets in Top 10 3.82 M N/A N/A N/A
Weighting of Top 10 38.21% N/A N/A N/A

Top 10 Holdings

  1. Morgan Stanley Inst Lqudty Prime Inst 19.13%
  2. COCA COLA CO 2.28%
  3. FEDEX CORP 2.19%
  4. JPMORGAN CHASE and CO 2.15%
  5. EXPEDIA INC 2.14%
  6. SCHINDLER HOLDING AG PART CERT 2.11%
  7. APOLLO GLOBAL MANAGEMENT INC 2.08%
  8. NICKEL INDUSTRIES LTD 2.07%
  9. TAIWAN SEMICONDUCTOR MFG CO LTD 2.05%
  10. TAIYO YUDEN CO LTD 2.01%

Asset Allocation

Weighting Return Low Return High FEMLX % Rank
Stocks 		100.98% N/A N/A N/A
Other 		0.17% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Cash 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High FEMLX % Rank
Utilities 		0.00% N/A N/A N/A
Technology 		0.00% N/A N/A N/A
Real Estate 		0.00% N/A N/A N/A
Industrials 		0.00% N/A N/A N/A
Healthcare 		0.00% N/A N/A N/A
Financial Services 		0.00% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A
Consumer Defense 		0.00% N/A N/A N/A
Consumer Cyclical 		0.00% N/A N/A N/A
Basic Materials 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High FEMLX % Rank
US 		57.92% N/A N/A N/A
Non US 		43.06% N/A N/A N/A

FEMLX - Expenses

Operational Fees

FEMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.61% N/A N/A N/A
Management Fee 1.00% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

FEMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

FEMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FEMLX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

FEMLX - Distributions

Dividend Yield Analysis

FEMLX Category Low Category High FEMLX % Rank
Dividend Yield 0.00% N/A N/A N/A

Dividend Distribution Analysis

FEMLX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

FEMLX Category Low Category High FEMLX % Rank
Net Income Ratio N/A N/A N/A N/A

Capital Gain Distribution Analysis

FEMLX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

FEMLX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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