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FHKTX Fidelity Advisor® China Region M

  • Fund
  • FHKTX
  • Price as of: Dec 12, 2018
  • $30.15
  • + $0.53
  • + 1.79%
  • Category
  • China Equities

FHKTX - Profile

Vitals

  • YTD Return -15.0%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 4.0%
  • Net Assets $1.1 B
  • Holdings in Top 10 45.5%

52 WEEK LOW AND HIGH

$30.15
$27.64
$39.10

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.65%

SALES FEES

  • Front Load 3.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee 1.50%

Min Investment

STANDARD (TAXABLE)

$0

IRA

$500

Investment Themes

CATEGORY

China Equities
  • Fund Type Open End Mutual Fund
  • Investment Style China Region

Distributions

  • YTD Total Return -15.0%
  • 3 Yr Annualized Total Return 5.9%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.07%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Fidelity® China Region Fund
  • Fund Family Name Fidelity Investments
  • Inception Date May 09, 2008
  • Shares Outstanding N/A
  • Share Class M
  • Currency USD
  • Domiciled Country United States
  • Manager Stephen Lieu

Fund Description

The fund normally invests at least 80% of assets in securities of Hong Kong, Taiwanese, and Chinese issuers and other investments that are tied economically to the China region. It normally invests primarily in common stocks. The fund allocates investments across different China region countries. It invests up to 35% of total assets in any industry that accounts for more than 20% of the Hong Kong, Taiwanese, and Chinese market. The fund uses fundamental analysis of factors such as each issuer's financial condition and industry position, as well as market and economic conditions, to select investments.

FHKTX - Performance

Return Ranking - Trailing

Period FHKTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -15.0% -32.7% 44.5% 47.30% 3
1 Yr -11.8% -32.3% 47.0% 67.11% 4
3 Yr 7.1% * -3.2% 14.2% 73.53% 4
5 Yr 4.0% * -0.1% 13.7% 68.66% 4
10 Yr 11.3% * 2.0% 14.2% 18.75% 1

* Annualized


Return Ranking - Calendar

Period FHKTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 50.9% -9.3% 58.1% 14.86% 1
2016 -6.5% -28.2% 12.4% 66.22% 4
2015 -17.1% -34.4% 5.7% 75.68% 5
2014 -9.3% -23.4% 19.8% 64.86% 4
2013 9.9% -30.0% 51.3% 48.53% 3

Total Return Ranking - Trailing

Period FHKTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -15.0% -32.7% 44.5% 47.89% 3
1 Yr -14.8% -33.1% 47.0% 82.19% 5
3 Yr 5.9% * -5.0% 14.2% 75.00% 4
5 Yr 3.3% * -0.1% 13.7% 68.66% 4
10 Yr 10.9% * 1.9% 14.2% 22.92% 2

* Annualized


Total Return Ranking - Calendar

Period FHKTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 50.9% -9.3% 58.1% 15.49% 1
2016 -6.5% -16.9% 13.9% 77.46% 5
2015 -5.6% -18.3% 9.1% 61.97% 4
2014 4.9% -7.9% 27.5% 42.25% 3
2013 34.4% -31.8% 95.7% 15.38% 1

NAV & Total Return History

FHKTX - Holdings

Filings data as of: Oct 31, 2018

Concentration Analysis

FHKTX Category Low Category High FHKTX % Rank Quintile
Net Assets 1.1 B 2.84 M 1.1 B 1.30% 1
Number of Holdings 92 29 160 5.19% 1
Net Assets in Top 10 469 M 1.8 M 469 M 1.30% 1
Weighting of Top 10 45.5% 28.9% 62.6% 28.57% 4

Top 10 Holdings

  1. China Construction Bank Corp H 4.30%
  2. Tencent Holdings Ltd 10.30%
  3. Alibaba Group Holding Ltd ADR 8.42%
  4. Taiwan Semiconductor Manufacturing Co Ltd 6.21%
  5. AIA Group Ltd 4.75%
  6. CNOOC Ltd 2.26%
  7. Industrial And Commercial Bank Of China Ltd H 2.93%
  8. Ping An Insurance (Group) Co. of China Ltd H 2.19%
  9. China Unicom (Hong Kong) Ltd 2.12%
  10. NetEase Inc ADR 2.02%

Asset Allocation

Weighting Category Low Category High FHKTX % Rank Quintile
Stocks
95.89% 83.89% 103.16% 31.17% 4
Cash
3.62% -3.16% 17.15% 9.09% 1
Bonds
0.49% -1.04% 1.55% 2.60% 1
Preferred Stocks
0.00% 0.00% 0.79% 2.60% 3
Other
0.00% 0.00% 13.33% 12.99% 3
Convertible Bonds
0.00% 0.00% 0.00% 1.30% 3

Stock Sector Breakdown

Weighting Category Low Category High FHKTX % Rank Quintile
Technology
28.20% 7.26% 56.51% 10.39% 1
Financial Services
20.48% 0.00% 46.59% 27.27% 4
Consumer Cyclical
12.99% 2.43% 28.60% 27.27% 4
Real Estate
5.61% 0.00% 15.59% 16.88% 2
Industrials
5.37% 0.00% 21.41% 25.97% 3
Energy
5.30% 0.00% 13.60% 11.69% 2
Healthcare
4.04% 0.00% 18.88% 23.38% 3
Basic Materials
3.88% 0.00% 9.79% 15.58% 2
Consumer Defense
3.66% 0.00% 19.13% 27.27% 3
Communication Services
3.21% 0.00% 10.78% 23.38% 3
Utilities
2.04% 0.00% 9.04% 19.48% 3

Stock Geographic Breakdown

Weighting Category Low Category High FHKTX % Rank Quintile
Non US
95.89% 80.32% 103.16% 22.08% 3
US
0.00% 0.00% 3.57% 22.08% 4

Bond Sector Breakdown

Weighting Category Low Category High FHKTX % Rank Quintile
Cash & Equivalents
3.61% -3.16% 17.15% 6.49% 1
Derivative
0.01% -0.19% 0.01% 1.30% 1
Securitized
0.00% 0.00% 0.00% 1.30% 3
Corporate
0.00% -1.04% 7.15% 11.69% 4
Municipal
0.00% 0.00% 0.00% 1.30% 3
Government
0.00% 0.00% 0.00% 1.30% 3

Bond Geographic Breakdown

Weighting Category Low Category High FHKTX % Rank Quintile
Non US
0.49% 0.00% 1.55% 2.60% 1
US
0.00% -1.04% 0.00% 1.30% 3

FHKTX - Expenses

Operational Fees

FHKTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.65% 0.87% 9.06% 59.74% 2
Management Fee 0.69% 0.66% 1.36% 18.18% 1
12b-1 Fee 0.50% 0.00% 1.00% 5.56% 4
Administrative Fee N/A 0.05% 0.30% N/A N/A

Sales Fees

FHKTX Fees (% of AUM) Category Low Category High FHKTX Rank Quintile
Front Load 3.50% 0.15% 5.75% 30.00% 1
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

FHKTX Fees (% of AUM) Category Low Category High FHKTX Rank Quintile
Max Redemption Fee 1.50% 0.05% 2.00% 7.14% 1

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FHKTX Fees (% of AUM) Category Low Category High FHKTX Rank Quintile
Turnover 68.00% 8.00% 156.89% 15.58% 4

FHKTX - Distributions

Dividend Yield Analysis

FHKTX Category Low Category High FHKTX % Rank Quintile
Dividend Yield 0.0% 0.00% 4.43% 86.36% 5

Dividend Distribution Analysis

FHKTX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

FHKTX Category Low Category High FHKTX % Rank Quintile
Net Income Ratio -0.07% -0.99% 2.90% 66.23% 4

Capital Gain Distribution Analysis

FHKTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

FHKTX - Managers

Stephen Lieu

Lead Manager

Start Date

Apr 03, 2018

Tenure

0.66

Tenure Rank

31.4%

Since joining Fidelity Investments in 2013, Mr. Lieu has worked as a summer intern, research analyst, and portfolio manager.


Ivan Xie

Lead Manager

Start Date

Apr 03, 2018

Tenure

0.66

Tenure Rank

31.4%

Since joining Fidelity Investments in 2010, Mr. Xie has worked as a research analyst and portfolio manager.


Tenure Analysis

Category Low

0.7

Category High

24.8

Category Average

6

Category Mode

3.9