Fidelity Dynamic Buffered Equity ETF Fidelity Hedged Equity ETF(AMEX:FHEQ)

FHEQ targets capital growth, primarily investing in equities of firms with market sizes like those in the S&P 500 or Russell 1000 Indexes. Using a computer-aided quantitative analysis based on historical financial data, the funds advisors seek to identify stocks for investment with the potential to offer greater total returns than the S&P 500 Index. To guard against market downturns, FHEQ employs an options strategy reliant on current put option costs, varying the diversification across options' strike prices and expiration terms. The fund includes investments in domestic and foreign companies and participates in securities lending to generate additional income.