Investment objective & strategy
As of Dec. 29, 2025 · prospectusObjective. Fidelity Pacific Basin Fund seeks growth of capital over the long term.
Strategy. Normally investing at least 80% of assets in securities of Pacific Basin issuers and other investments that are tied economically to the Pacific Basin. The Pacific Basin includes Australia, Hong Kong, Indonesia, Japan, South Korea, Malaysia, New Zealand, the People's Republic of China, the Philippines, Singapore, Taiwan, and Thailand. The Adviser considers a number of factors to determine whether an issuer is located in or tied economically to a particular country or region including: whether a third-party vendor has assigned a particular country or region classification to the issuer or included the issuer in an index representative of a particular country or region; the issuer's domicile, incorporation, and location of assets; whether the issuer derives at least 50% of its … Normally investing at least 80% of assets in securities of Pacific Basin issuers and other investments that are tied economically to the Pacific Basin. The Pacific Basin includes Australia, Hong Kong, Indonesia, Japan, South Korea, Malaysia, New Zealand, the People's Republic of China, the Philippines, Singapore, Taiwan, and Thailand. The Adviser considers a number of factors to determine whether an issuer is located in or tied economically to a particular country or region including: whether a third-party vendor has assigned a particular country or region classification to the issuer or included the issuer in an index representative of a particular country or region; the issuer's domicile, incorporation, and location of assets; whether the issuer derives at least 50% of its revenues from, or has at least 50% of its assets in, a particular country or region; the source of government guarantees (if any); and the primary trading market or listing exchange. Whether an issuer is located in or tied economically to a particular country can be determined under any of these factors. 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. Normally investing primarily in common stocks. Allocating investments across different Pacific Basin countries. Using fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| TSMC | — | $118.31M | 11.05% |
| TENCENT HOLDINGS LTD | — | $56.06M | 5.23% |
| Fidelity Securities Lending Cash Central Fund | — | $39.91M | 3.73% |
| Fidelity Cash Central Fund | — | $39.58M | 3.70% |
| SAMSUNG ELECTRONICS CO LTD | — | $34.39M | 3.21% |
| HITACHI LTD | — | $26.55M | 2.48% |
| AIA Group Ltd | — | $25.50M | 2.38% |
| WESTERN DIGITAL CORP | — | $21.77M | 2.03% |
| SEAGATE TECHNOLOGY HOLDINGS PLC | — | $20.34M | 1.90% |
| ORIX CORP | — | $19.78M | 1.85% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How 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.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Fidelity Japan Fund · FJPNX, FPJAX, FJPCX, FJPTX, FJPIX, FIQLX | 34% | 0.64% |
| Fidelity Emerging Asia Fund · FSEAX | 34% | 1.03% |
| Fidelity Advisor Emerging Asia Fund · FEAAX, FERCX, FEATX, FERIX, FIQPX | 33% | 0.80% |
Advisers
| Firm | Role |
|---|---|
| FMR Investment Management (UK) Limited | Sub-adviser |
| Fidelity Management & Research (Japan) Limited | Sub-adviser |
| Fidelity Management & Research (Hong Kong) Limited | Sub-adviser |
| Fidelity Management & Research Company LLC | Adviser |
| FIL Investment Advisors | Sub-adviser |
| FIL Investment Advisors (UK) Limited | Sub-adviser |
Footnotes
- Expense ratio as of December 29, 2025, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- 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).
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