FHEQFidelity Hedged Equity ETF

Diversifier2y track recordRanked #27 of 240 in this goal

Seeks capital appreciation.

By Fidelity Investments · Launched 2024

Annual Cost

0.48%

#2,337 of 5,573 · average

Fund Size

$884M

#1,189 of 5,573 · large

Return (1Y)Goal

+19.3%

Track Record

2 years

#3,534 of 5,573 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$11,956+19.6%

Total-return NAV, USD. Net of fund fees, before tax.

What's inside

How Beacon categorizes this fund

Asset class

Alternative

Strategy

Long short

What it actually holds

By weight

Concentration

Top 10 holdings = 38.6% of fund✓ well diversified

NVIDIA CORP

7.8%

APPLE INC

6.5%

MICROSOFT CORP

5.0%

AMAZON.COM INC

4.3%

BROADCOM INC

3.0%

META PLATFORMS INC

3.0%

ALPHABET INC

2.8%

ALPHABET INC

2.6%

BERKSHIRE HATHAWAY INC DEL

1.9%

ELI LILLY and CO

1.7%

Asset allocation

Stocks

98.5%

Cash

1.5%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

9.9%Low

Year-on-year price swings

Max drawdown

-11.1%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Listing

Exchange: Cboe BZX

Full fund details

Objective: Seeks capital appreciation.
Strategy: Invests primarily in equity securities, including common and preferred stocks, with a focus on companies similar to those in the S&P 500. Uses quantitative analysis for stock selection and employs options strategies for downside protection. Invests in both domestic and foreign issuers.
Inception date: April 9, 2024
Fund family: Fidelity Investments