Returns Chart

Fidelity SmartHedge U.S. Equity Fund - O (FID7700) Total Return
Created with Highcharts 11.1.0Oct '24Jan '25Apr '25Jul '250.00%12.40%

Key Stats

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Net Expense Ratio Total Assets Under Management Weighted Average Dividend Yield Turnover Ratio (Generic)
-- 21.20M 1.27% 40.61%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized Total Returns Since Inception (Daily) Max Drawdown (Since Inception)
12.70M 12.40% Upgrade Upgrade

Basic Info

Investment Strategy
The Fund aims to achieve long-term capital appreciation. It invests primarily in equity securities of U.S. companies with market capitalizations generally similar to companies in the S&P 500 Index (the Index). It can invest in these securities either directly or indirectly through investments in underlying funds. The Fund uses quantitative techniques in the construction of its portfolio. The Fund also employs a disciplined options-based strategy designed to provide downside risk mitigation (i.e., offset or mitigate a decrease in the value of the Funds investments) by selecting Index put options. The Fund uses derivatives to implement this strategy to hedge market exposure.implement this strategy to hedge market exposure.
General
Security Type Mutual Fund
Broad Asset Class US Equity
Broad Category Equity
Global Peer Group Equity US
Peer Group U.S. Equity
Global Macro Equity North America
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective --
Fund Owner Firm Name Fidelity Investments
Broad Asset Class Benchmark Index
^SPTSX60TR 100.0%

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Net Fund Flows Versus Peer Group

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: 48
-626.58M Peer Group Low
338.22M Peer Group High
1 Year
% Rank: 37
12.70M
-1.229B Peer Group Low
5.721B Peer Group High
3 Months
% Rank: 33
-711.41M Peer Group Low
1.148B Peer Group High
3 Years
% Rank: 38
-4.758B Peer Group Low
10.64B Peer Group High
6 Months
% Rank: 32
-1.032B Peer Group Low
2.471B Peer Group High
5 Years
% Rank: 42
-3.137B Peer Group Low
13.76B Peer Group High
YTD
% Rank: 32
-980.37M Peer Group Low
2.471B Peer Group High
10 Years
% Rank: 46
-6.333B Peer Group Low
15.31B Peer Group High
Date Unavailable

Performance Versus Peer Group

 
20%
15%
10%
5%
0
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
Peer Group Rtn. (NAV)
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
12.00%
% Rank in Peer Group (NAV)
5.0
5.0
5.0
5.0
5.0
5.0
5.0
5.0
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Annual Total Returns Versus Peers

There are no valid items on this chart.

Name
2018
2019
2020
2021
2022
2023
2024
YTD
--
--
--
--
--
--
27.67%
3.28%
-7.58%
21.93%
5.56%
28.04%
-6.24%
12.05%
21.04%
9.63%
-2.02%
22.87%
12.29%
22.64%
-18.19%
25.17%
27.88%
-0.47%
-6.20%
29.47%
16.12%
27.43%
-19.45%
24.92%
23.62%
5.40%
4.24%
19.96%
21.50%
22.93%
-17.46%
19.28%
30.57%
-0.38%
-5.93%
27.76%
16.27%
27.53%
-17.78%
20.48%
22.44%
5.56%
As of July 09, 2025.

Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-8-25) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --

Fund Details

Key Dates
Inception Date --
Last Annual Report Date --
Last Prospectus Date --
Share Classes
FID7694 Commission-based Advice
FID7695 Commission-based Advice
FID7696 Commission-based Advice
FID7697 Fee-based Advice
FID7698 Fee-based Advice
FID7699 Fee-based Advice
Attributes
Index Fund --
Inverse Fund --
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund Yes
Synthetic Replication Fund No

Asset Allocation

Created with Highcharts 11.1.0
As of May 31, 2025.
Type % Net
Cash -0.65%
Stock -232.2%
Bond -0.08%
Convertible 0.00%
Preferred 0.00%
Other 333.0%
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Top 10 Holdings

Created with Highcharts 11.1.0
Name % Weight Price % Change
Other Assets less Liabilities
143.2% -- --
Apple Inc 6.76% 210.01 0.03%
Microsoft Corp 5.62% 496.62 -0.22%
NVIDIA Corp 5.36% 160.00 1.11%
Amazon.com Inc 3.59% 219.36 -1.84%
Alphabet Inc 3.32% 174.36 -1.37%
Meta Platforms Inc 2.53% 720.67 0.32%
iShares Core S&P 500 ETF 2.53% 623.33 -0.08%
Berkshire Hathaway Inc 1.96% 477.47 -0.12%
Broadcom Inc 1.57% 271.80 -0.87%

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee --
Administration Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product --
Available for RRSP --
Purchase Details
Open to New Investors Yes
Minimum Initial Investment 0.00 None
Minimum Subsequent Investment 0.00 None

Basic Info

Investment Strategy
The Fund aims to achieve long-term capital appreciation. It invests primarily in equity securities of U.S. companies with market capitalizations generally similar to companies in the S&P 500 Index (the Index). It can invest in these securities either directly or indirectly through investments in underlying funds. The Fund uses quantitative techniques in the construction of its portfolio. The Fund also employs a disciplined options-based strategy designed to provide downside risk mitigation (i.e., offset or mitigate a decrease in the value of the Funds investments) by selecting Index put options. The Fund uses derivatives to implement this strategy to hedge market exposure.implement this strategy to hedge market exposure.
General
Security Type Mutual Fund
Broad Asset Class US Equity
Broad Category Equity
Global Peer Group Equity US
Peer Group U.S. Equity
Global Macro Equity North America
US Macro --
YCharts Categorization --
YCharts Benchmark --
Prospectus Objective --
Fund Owner Firm Name Fidelity Investments
Broad Asset Class Benchmark Index
^SPTSX60TR 100.0%

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Fundamentals

General
Distribution Yield --
Dividend Yield TTM (7-8-25) 0.00%
30-Day SEC Yield --
7-Day SEC Yield --

Fund Details

Key Dates
Inception Date --
Last Annual Report Date --
Last Prospectus Date --
Share Classes
FID7694 Commission-based Advice
FID7695 Commission-based Advice
FID7696 Commission-based Advice
FID7697 Fee-based Advice
FID7698 Fee-based Advice
FID7699 Fee-based Advice
Attributes
Index Fund --
Inverse Fund --
Leveraged Fund --
Fund of Funds No
Currency Hedged Fund Yes
Synthetic Replication Fund No

Top Portfolio Holders

Name % Weight
Portfolio A 5.00%
Portfolio B 3.50%
Portfolio C 2.25%
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Excel Add-In Codes

Name: =YCI("M:FID7700.TO", "name")
Broad Asset Class: =YCI("M:FID7700.TO", "broad_asset_class")
Broad Category: =YCI("M:FID7700.TO", "broad_category_group")
Prospectus Objective: =YCI("M:FID7700.TO", "prospectus_objective")
To find the codes for any of our securities and financial metrics, see our Complete Excel Reference.
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