FEQNX Performance — Fidelity Hedged Equity Fund, Class M
Data updated: 2026-09-23
FEQNX returned +6.73% year to date and +12.87% over one year to Jul 2026. Over one year the fund trailed its US Large Blend category average: $100 grew to $113, against $116 for the category. Volatility over the past 12 months was 11.78% a year. In the 12 months to Jul 2026 the fund took in a net $264.8M, and assets reached $767.42M.
FEQNX Growth of $100
What $100 invested in Fidelity Hedged Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Blend category average over the same months.
| Period | FEQNX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $113 | $116 |
| 3 years (Aug 2023 – Jul 2026) | $76 | $153 |
| Since data start (Oct 2022 – Jul 2026) | $61 | $189 |
FEQNX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.73% |
| 1 year | +12.87% |
3- and 5-year figures withheld: returns differ from sibling classes.
FEQNX Annual Returns
Calendar-year total returns of Fidelity Hedged Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +6.73% |
| 2025 | +5.28% |
| 2024 | −22.51% |
| 2023 | −23.67% |
| 2022 (Oct–Dec) | −8.13% |
FEQNX 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 | +1.0% | −1.1% | −4.1% | +8.7% | +5.0% | −1.4% | −1.1% | — | — | — | — | — |
| 2025 | −2.2% | −4.7% | −4.0% | +0.3% | +4.9% | +4.1% | +1.5% | +1.6% | +3.3% | +1.9% | −0.5% | −0.6% |
| 2024 | −2.4% | +0.9% | −1.1% | −7.4% | +0.1% | −0.3% | −2.7% | −1.1% | −2.1% | −4.5% | +0.9% | −5.1% |
| 2023 | +0.6% | −5.9% | −1.1% | −2.7% | −3.3% | +1.0% | −1.0% | −5.3% | −7.1% | −4.8% | +3.2% | +0.3% |
| 2022 | — | — | — | — | — | — | — | — | — | +0.3% | +0.4% | −8.8% |
FEQNX Risk
Risk measures from monthly returns over Aug 2025 – Jul 2026.
- 1-year volatility (annualised): 11.78%
- Best month: +8.70% (Apr 2026)
- Worst month: −4.10% (Mar 2026)
FEQNX Fund Flows
Monthly money in and out of Fidelity Hedged Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $264.8M
- 12-month gross sales (incl. reinvestments): $560.0M
- Sales ÷ redemptions: 1.90×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $37.8M | $18.7M | $19.1M |
| Jun 2026 | $68.1M | $14.6M | $53.5M |
| May 2026 | $54.1M | $71.0M | −$16.9M |
| Apr 2026 | $24.6M | $63.4M | −$38.9M |
| Mar 2026 | $31.8M | $25.0M | $6.8M |
| Feb 2026 | $61.1M | $17.6M | $43.5M |
| Jan 2026 | $47.9M | $10.5M | $37.4M |
| Dec 2025 | $72.0M | $6.1M | $65.9M |
| Nov 2025 | $52.6M | $4.8M | $47.9M |
| Oct 2025 | $40.1M | $7.1M | $33.1M |
| Sep 2025 | $33.3M | $5.3M | $28.1M |
| Aug 2025 | $36.5M | $51.1M | −$14.6M |
FEQNX Assets Under Management
Net assets of Fidelity Hedged Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $767.42M |
| 2026-04-30 | $692.48M |
| 2026-01-31 | $661.11M |
| 2025-10-31 | $511.92M |
| 2025-07-31 | $434.68M |
| 2025-04-30 | $393.22M |
| 2025-01-31 | $289.46M |
| 2024-10-31 | $326.75M |
| 2024-07-31 | $244.32M |
| 2024-04-30 | $234.07M |
| 2024-01-31 | $223.90M |
| 2023-10-31 | $203.65M |
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.