Fidelity Hedged Equity ETF

Fidelity Hedged Equity ETF is an actively managed exchange-traded fund that seeks capital appreciation through a diversified portfolio of U.S. equity securities. The fund primarily invests in companies with market capitalizations similar to those in the S&P 500 and Russell 1000, using quantitative analysis of fundamental factors to guide stock selection. It also employs options-based hedging techniques to help provide downside protection in certain market conditions. Fidelity Hedged Equity ETF typically holds a broad mix of large-cap stocks across sectors such as technology, financial services, communication services, healthcare, and industrials, giving it exposure to multiple parts of the U.S. equity market. The portfolio is designed to combine participation in equity market growth with a more defensive approach to volatility management, making the fund relevant for investors seeking diversified stock exposure with built-in hedging characteristics.