Fidelity Pacific Basin Fund (FPBFX)

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Fidelity Pacific Basin Fund (FPBFX) is up 33.4% since the beginning of the year. FPBFX is currently trading at $52 per share. Investors who bought $1,000 worth of FPBFX shares 5 years ago would now be looking at an investment worth $1,719.

Fidelity Pacific Basin Fund (FPBFX) has returned 33.43% so far this year and 61.36% over the past 12 months. Over the last ten years, FPBFX has had an annualized return of 13.58%, just under the S&P 500 Index benchmark’s 13.88%.

Based on dividend-adjusted daily data since Sep 30, 1986, FPBFX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.

Historically, 58% of months were positive and 42% were negative. The best month was May 2009 with a return of +20.3%, while the worst month was Oct 2008 at -27.1%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 6 months.

On a daily basis, FPBFX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +12.2%, while the worst single day was Oct 20, 1987 at -16.5%.

Fidelity Pacific Basin Fund has an annualized alpha of 4.18%, beta of 0.54, and R2 of 0.28 versus S&P 500 Index. Calculated based on daily prices since September 30, 1986.

• This fund participated in 81.04% of S&P 500 Index downside but only 79.20% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.54 may look defensive, but with R2 of 0.28 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.28 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

FPBFX has a high expense ratio of 1.04%, indicating above-average management fees.

FPBFX ranks 87 for risk / return — in the top 87% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Fidelity Pacific Basin Fund provided a 6.14% dividend yield over the last twelve months, with an annual payout of $3.17 per share. The fund has been increasing its distributions for 2 consecutive years.

The table displays the monthly dividend distributions for Fidelity Pacific Basin Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Fidelity Pacific Basin Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity Pacific Basin Fund was 69.06%, occurring on Mar 2, 2009. Recovery took 1147 trading sessions.

The chart below shows the rolling one-month volatility.