Morningstar Fund Report  | 14/04/2025Print

Fidelity Funds - Pacific Fund A-DIST-USD

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
Fidelity Funds - Pacific Fund A-DIST-USD
Fund4.8-18.20.72.9-1.4
+/-Cat3.8-9.1-3.6-6.10.9
+/-B’mrk4.8-12.5-5.2-7.60.9
 
Category: Asia-Pacific Equity
Category Benchmark: Morningstar APAC TME NR USD
Key Stats
NAV
11/04/2025		 USD 36.24
Day Change 0.62%
Morningstar Category™ Asia-Pacific Equity
ISIN LU0049112450
Fund Size (Mil)
28/02/2025		 USD 748.09
Share Class Size (Mil)
11/04/2025		 USD 360.25
Max Initial Charge 5.25%
Ongoing Charge
28/03/2025		  1.94%
Morningstar Research
Analyst Report30/07/2024
Hunter Beaudoin, Analyst
Morningstar, Inc

Our increased confidence in Fidelity Pacific’s experienced and accomplished lead manager Dale Nicholls and how he extracts value from Fidelity’s well-resourced Asia-Pacific analyst team leads to an upgrade of the strategy’s People rating to High...

Click here to read this analyst report on the underlying fund.
Morningstar Pillars
People25
Parent24
Process24
Performance
Price
Investment Objective: Fidelity Funds - Pacific Fund A-DIST-USD
The fund aims to achieve capital growth over time
Returns
Trailing Returns (GBP)11/04/2025
YTD-10.23
3 Years Annualised-4.58
5 Years Annualised3.54
10 Years Annualised2.60
12 Month Yield 0.24
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Dale Nicholls
01/09/2003
Inception Date
10/01/1994

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI AC Pacific NR USDMorningstar APAC TME NR USD
Portfolio Profile for  Fidelity Funds - Pacific Fund A-DIST-USD28/02/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.350.0096.35
Bond0.290.000.29
Property0.000.000.00
Cash0.500.470.03
Other3.340.003.34
Top 5 Regions%
Asia - Emerging32.11
Japan25.27
Asia - Developed25.17
Australasia11.78
United States4.84
Top 5 Sectors%
Technology19.25
Consumer Cyclical14.11
Basic Materials13.43
Financial Services12.35
Healthcare11.31
Top 5 HoldingsSector%
Taiwan Semiconductor Manufacturi... TechnologyTechnology2.89
Samsung Electronics Co LtdTechnologyTechnology2.27
LexinFintech Holdings Ltd DRFinancial ServicesFinancial Services1.84
Tencent Holdings LtdCommunication ServicesCommunication Services1.55
Oneview Healthcare PLC DRHealthcareHealthcare1.47
Increase Decrease New since last portfolio
Fidelity Funds - Pacific Fund A-DIST-USD
Growth Of 1000 (GBP) 31/03/2025
Fund:  Fidelity Funds - Pacific Fund A-DIST-USD
Category:  Asia-Pacific Equity
Category Index:  Morningstar APAC TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-14.4315.1222.634.77-18.240.682.92-1.39
+/- Category-2.931.618.813.84-9.14-3.60-6.140.92
+/- Category Index---4.78-12.54-5.17-7.570.90
% Rank in Category7733202287719337
Trailing Returns (GBP)11/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day0.62   0.851.43
1 Week-1.93   0.161.72
1 Month-10.01   -3.14-3.39
3 Months-10.04   -0.71-1.82
6 Months-12.16   -2.44-2.72
YTD-10.23   -1.42-2.28
1 Year-8.81   -2.92-3.97
3 Years Annualised-4.58   -5.14-7.02
5 Years Annualised3.54   -1.34-2.29
10 Years Annualised2.60   -2.23-2.46
 
Category: Asia-Pacific Equity
Category Index: Morningstar APAC TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2025-1.39---
20240.55-2.635.98-0.81
20230.34-4.712.702.53
2022-9.98-8.96-2.802.64
20216.864.72-2.59-3.88
2020-20.7225.137.4615.04
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearBelow AverageHigh2 star
5-YearAverageAbove Average3 star
10-YearAverageAbove Average2 star
OverallAverageAbove Average2 star
 
Category :  Asia-Pacific EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev14.09 %
3-Yr Mean Return-1.51 %
 
3-Yr Sharpe Ratio-0.39
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar APAC TME NR USD  Cat 50%JPM EMBI Plus TR&50%MSCI EM NR
3-Yr Beta1.111.29
3-Yr Alpha-5.34-4.26
 
Investment Style Details28/02/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 1636-
Market Capitalisation% of Equity
Giant12.13
Large14.07
Medium29.66
Small22.47
Micro21.66
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings10.150.73
Price/Book1.090.70
Price/Sales0.760.51
Price/Cash Flow5.780.76
Dividend-Yield Factor3.051.08
 
Long-Term Projected Earnings Growth10.911.16
Historical Earnings Growth2.150.30
Sales Growth-2.69-0.76
Cash-Flow Growth-8.00-0.76
Book-Value Growth4.230.62
 
Category: Asia-Pacific Equity
Asset Allocation28/02/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.350.0096.35
Bond0.290.000.29
Property0.000.000.00
Cash0.500.470.03
Other3.340.003.34
World Regions28/02/2025
 % of EquityRelative to Category
United States4.844.80
Canada0.000.00
Latin America0.00-
United Kingdom0.641.00
Eurozone0.191.62
Europe - ex Euro0.000.00
Europe - Emerging0.00-
Africa0.00-
Middle East0.000.00
Japan25.270.62
Australasia11.780.81
Asia - Developed25.171.03
Asia - Emerging32.111.75
 
Category: Asia-Pacific Equity
Sector Weightings28/02/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials13.432.48
Consumer CyclicalConsumer Cyclical14.111.14
Financial ServicesFinancial Services12.350.54
Real EstateReal Estate1.920.52
Consumer DefensiveConsumer Defensive8.152.38
HealthcareHealthcare11.311.68
UtilitiesUtilities0.640.68
Communication ServicesCommunication Services8.380.96
EnergyEnergy0.410.32
IndustrialsIndustrials10.040.76
TechnologyTechnology19.250.91
 
Category: Asia-Pacific Equity
Top 10 Holdings28/02/2025
 Portfolio NEW
Total Number of Equity Holdings194
Total Number of Bond Holdings3
Assets in Top 10 Holdings16.11
NameSectorCountry% of Assets
Taiwan Semiconductor Manufacturing Co... 311Taiwan2.89
Samsung Electronics Co Ltd311Korea, Republic Of2.27
LexinFintech Holdings Ltd DR103China1.84
Tencent Holdings Ltd308China1.55
Oneview Healthcare PLC DR206United States1.47
IperionX Ltd Ordinary Shares101United States1.35
PDD Holdings Inc ADR102China1.35
DL E&C Co Ltd Ordinary Shares310Korea, Republic Of1.17
Medlive Technology Co Ltd206China1.13
Lenovo Group Ltd311Hong Kong1.10
 
Increase Decrease New since last portfolio
Category: Asia-Pacific Equity
 
Management
Name of CompanyFidelity (FIL Inv Mgmt (Lux) S.A.)
Phone+ 352 250 404 2400
Websitewww.fidelity-international.com
Address2a, rue Albert Borschette
 Luxembourg   L-1246
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date10/01/1994
Fund Advisor(s)
FIL Fund Management Limited
Fund ManagerDale Nicholls
Manager Start Date01/09/2003
Education
Queensland University of Technology, B.A.
 
Biography
Dale Nicholls joined Fidelity in 1996 as a Research Associate in our Tokyo office. It was during his tenure as an analyst that Dale first began to take an interest in the dynamics of the Chinese market. He regularly visited Chinese companies to get a clear view of the key supply and demand chains of the industries he covered. In 2003, he was promoted to portfolio manager of the Fidelity Pacific Fund and retains management of that portfolio today. In his current role, Dale spends much of his time travelling within China to meet with the management teams and competitors of companies in which he may, or already does, invest, visiting well over 100 companies a year.
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.25%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.94%
Purchase Details
Minimum Investments
Initial1000  USD
Additional500  USD
Savings-
Tax Free Savings Schemes
ISAsYes