Fidelity Pacific Basin Fund (FPBFX)

Fidelity Pacific Basin Fund (FPBFX) is an international stock mutual fund. It focuses its investment in equities of companies located in Pacific Basin such as Japan, Korea, or Singapore.

Fidelity Pacific Basin Fund (FPBFX)

The investment seeks growth of capital over the long term. The mutual fund uses its assets to purchase securities of Pacific Basin issuers and other investments that are tied economically to the Pacific Basin. It invests mostly in common stocks. The fund allocates investments across different Pacific Basin countries. The fund management will uses fundamental analysis of factors such as financial condition and industry position, as well as market and economic conditions, to select investments.

Fund Details

FPBFX fund

• Fund Inception Date: September 30, 1986
• Ticker Symbol: FPBFX
• CUSIP: 316343201
• Beta (3yr): 0.86
• Rank in category (YTD): 1%
• Category: Diversified Pacific/ Asia
• Yield: 1.08%
• Capital Gains: 0%
• Expense Ratio: 1.26%
• Net Assets: $ 647.8 million
• Number of Years Up: 15 years
• Number of Years Down: 11 years
• Annual Turnover Rate: 26%

Updated on 5/10/2013

This Fidelity fund has been in the market since 1986. It has 3-stars rating from Morningstar. The fund manager is Dale Nicholls. It has $647.8 million of total net assets. It also distributes 1.08% dividend yield. The latest distribution is given in December 2012 in the amount of $0.29. The expense ratio is 1.26% per year.

Best Fidelity Mutual Funds 2013

The year-to-date return of this FPBFX fund is 11.06%. With the Mid Growth investment style, the fund has recorded 15 years of positive return and 11 years of negative return. The best 1-year total return was achieved in 1999 with 119.61%. Based on the load adjusted returns, this international stock fund has returned 11.83% over the past 3-years and 12.27% over the past decade.

This Diversified Pacific/ Asia mutual fund has no transaction fee. It is one of the top Fidelity fund picks. The minimum initial investment is $2,500 for brokerage account and $500 for retirement (IRA) account. The fund can be purchased from 75 brokerages, such as E Trade Financial, Schwab Retail, Vanguard, JP Morgan, T Rowe Price, Ameriprise Brokerage, Royal Alliance, Raymond James, Firstrade, etc.

Top Investment

The top 10 stocks of this fund as of December 2012 represent 21.45% of the total portfolio out of 188 holdings. They are Orix Corp, Samsung Electronics Co Ltd, Toyo Thai Corp PCL, Softbank Corp, Goodpack Ltd, Daou Technology Inc, Aeon Credit Service Ltd, Ping An Insurance Co Ltd, Fujibo Holdings Inc and Rohto Pharmaceutical. The top regional diversification is Emerging Markets (37.89%), Japan (33.61%) and Asia Pacific ex Japan (21.93%).

According to the fund prospectus, the principal investment risks are stock market volatility risk, foreign exposure risk, geographic concentration in the Pacific Basin risk, etc.

Disclosure: No Position

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