FEMUX Performance — Fidelity Equity Market Neutral Fund, Class I
Data updated: 2026-09-23
FEMUX returned −1.38% year to date and +5.14% over one year to Jul 2026. Over one year the fund trailed its Global Mid-Cap Blend category average: $100 grew to $105, against $118 for the category. Volatility over the past 12 months was 6.94% a year. In the 12 months to Jul 2026 the fund took in a net $4.9M, and assets reached $20.23M.
FEMUX Growth of $100
What $100 invested in Fidelity Equity Market Neutral Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Mid-Cap Blend category average over the same months.
| Period | FEMUX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $118 |
| Since data start (Jul 2024 – Jul 2026) | $107 | $136 |
FEMUX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | −1.38% |
| 1 year | +5.14% |
| 3 years (annualised) | +3.08% |
FEMUX Annual Returns
Calendar-year total returns of Fidelity Equity Market Neutral Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | −1.38% |
| 2025 | +12.04% |
| 2024 (Jul–Dec) | −3.60% |
FEMUX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −0.2% | −1.1% | −3.6% | +1.6% | −0.5% | +2.1% | +0.5% | — | — | — | — | — |
| 2025 | +1.5% | +1.0% | +0.1% | −0.4% | +0.9% | +0.8% | +1.1% | −0.8% | +0.3% | +3.9% | +0.2% | +2.9% |
| 2024 | — | — | — | — | — | — | −0.5% | −2.9% | −0.6% | −0.5% | −0.1% | +1.1% |
FEMUX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 6.94%
- Best month: +3.94% (Oct 2025)
- Worst month: −3.64% (Mar 2026)
FEMUX Fund Flows
Monthly money in and out of Fidelity Equity Market Neutral Fund, from SEC Form N-PORT.
- 12-month net flow: $4.9M
- 12-month gross sales (incl. reinvestments): $8.1M
- Sales ÷ redemptions: 2.53×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $2.3M | $53K | $2.2M |
| Jun 2026 | $436K | $313K | $123K |
| May 2026 | $345K | $563K | −$219K |
| Apr 2026 | $181K | $187K | −$6K |
| Mar 2026 | $574K | $877K | −$302K |
| Feb 2026 | $438K | $257K | $180K |
| Jan 2026 | $1.0M | $403K | $618K |
| Dec 2025 | $919K | $133K | $787K |
| Nov 2025 | $743K | $91K | $652K |
| Oct 2025 | $423K | $181K | $242K |
| Sep 2025 | $217K | $82K | $135K |
| Aug 2025 | $518K | $59K | $459K |
FEMUX Assets Under Management
Net assets of Fidelity Equity Market Neutral Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $20.23M |
| 2026-04-30 | $17.71M |
| 2026-01-31 | $18.43M |
| 2025-10-31 | $15.94M |
| 2025-07-31 | $14.45M |
| 2025-04-30 | $13.46M |
| 2025-01-31 | $12.98M |
| 2024-10-31 | $12.00M |
| 2024-07-31 | $10.01M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.