FHEQ
Fidelity Hedged Equity ETF
Fidelity Greenwood Street Trust
ETF
Expense ratio1
0.48%
Net assets2
$831.36M
Holdings2
148
Category
US Equity
2025 return3
13.09%

Investment objective & strategy

As of Aug. 28, 2025 · prospectus

Objective. Fidelity Hedged Equity ETF seeks capital appreciation.

Strategy. Normally investing at least 80% of assets in equity securities. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Investing in equity securities of … Normally investing at least 80% of assets in equity securities. Equity securities represent an ownership interest, or the right to acquire an ownership interest, in an issuer. Equity securities include common stocks (including depositary receipts evidencing ownership of common stock), preferred stocks and other preferred securities, convertible securities, rights and warrants, and other securities, such as hybrid securities and trust preferred securities, believed to have equity-like characteristics. Effective December 11, 2025, derivative instruments that provide investment exposure to the investments above or exposure to one or more market risk factors associated with such investments are included in the fund's 80% policy, consistent with the fund's investment policies and limitations with respect to investments in derivatives. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index.Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500Index.Employing a disciplined options-based strategy designed to provide downside protection in certain market conditions (i.e., offset or mitigate a decrease in the value of the fund's investments). The extent of this protection will be determined primarily based on the cost of the put options in the marketplace.Managing the options positions in a way that provides diversification of options strike prices and expirations.Investing in domestic and foreign issuers.Lending securities to earn income for the fund.

Top holdings

As of Jan. 31, 2026 · N-PORT
SecurityTickerValue% of fund
NVIDIA CORP $64.91M 7.81%
APPLE INC $53.85M 6.48%
MICROSOFT CORP $41.45M 4.99%
AMAZON.COM INC $35.67M 4.29%
BROADCOM INC $25.08M 3.02%
META PLATFORMS INC CL A $25.07M 3.02%
ALPHABET INC CL A $23.14M 2.78%
ALPHABET INC CL C $21.85M 2.63%
BERKSHIRE HATH-B $15.96M 1.92%
LILLY ELI and CO $14.33M 1.72%
View all holdings →

Allocation by sector

As of January 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Oct 31, 2025 → Jan 31, 2026
Opened
29
Exited
37
Increased
99
Decreased
17
Unchanged
3

How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight

Advisers

As of January 31, 2025 · N-CEN
FirmRole
FMR Investment Management (UK) Limited Sub-adviser
Fidelity Management & Research (Japan) Limited Sub-adviser
Fidelity Management & Research (Hong Kong) Limited Sub-adviser
Fidelity Diversifying Solutions LLC Adviser

Footnotes

  1. Expense ratio as of August 28, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

Machine-readable: JSON · Markdown. Programmatic access via the agent surface.