Fidelity Pacific Basin Fund
FPBFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 245 Summer Street Boston MA United States of America 02210
- IPO Date
- Sep 30, 1986
- CIK
- 0000744822
- Website
- fundresearch.fidelity.com
- Similar Companies
- Business
- Fidelity Pacific Basin Fund (FPBFX) is an open-end mutual fund managed by Fidelity Investments that seeks long-term growth of capital primarily through investment in common stocks and other equity securities of issuers in the Pacific Basin region. The fund normally invests at least 80% of its assets in securities of Pacific Basin companies, which include those domiciled in countries such as Japan, Australia, New Zealand, and emerging Asian markets like China, Taiwan, South Korea, and India; it may also invest in other securities economically tied to the region, with a portfolio emphasizing large-cap growth and blend stocks across sectors including technology (approximately 28%), communication services (19%), financial services (17%), and industrials (12%). Key holdings typically feature leading firms such as Taiwan Semiconductor Manufacturing Co. Ltd., Tencent Holdings Ltd., PDD Holdings Inc., Nintendo Co. Ltd., and AIA Group Ltd., representing about 24.5% of the portfolio; the fund maintains diversification with around 91 holdings, 91% in non-U.S. stocks, and a turnover rate of 61%. Established in October 1986 and headquartered at Fidelity Investments in Boston, Massachusetts, the fund operates within the Diversified Pacific/Asia category, targeting institutional and retail investors seeking exposure to dynamic Asia-Pacific equity markets; it is part of Fidelity Investment Trust with no minimum initial investment and a net expense ratio of 0.87-0.88%. The portfolio is actively managed by Kirk Neureiter (since June 2019) and Stephen Lieu (since February 2021), focusing on structural growth opportunities with assets under management of approximately $702-959 million. Geographic allocations prioritize Japan (32%), emerging Asia (28%), and developed Asia (24%), supplemented by minor U.S. (8%) and Australasia (6%) positions. In recent developments, the fund distributed an annual dividend of $1.83 per share on December 16, 2024 (ex-date December 13, 2024), reflecting a trailing twelve-month yield of 5.56-5.73% and 15.46% growth from the prior year; semiannual performance for the period ending April 30, 2025, showed a -0.21% return, trailing the MSCI All Country benchmark's 1.79% gain. No major acquisitions, partnerships, or strategic shifts have been reported in the last 1-2 years, with ongoing emphasis on portfolio optimization amid market volatility.