Quarterly Holdings Report
for
Fidelity® International Equity Central Fund
June 30, 2022
INTCEN-NPRT3-0822
1.859215.114
Common Stocks - 92.8% | |||
Shares | Value ($) | ||
Australia - 1.0% | |||
Arena (REIT) unit | 1,633,201 | 4,813,644 | |
Commonwealth Bank of Australia | 154,712 | 9,651,676 | |
National Australia Bank Ltd. | 712,800 | 13,516,713 | |
South32 Ltd. | 1,342,768 | 3,651,772 | |
Treasury Wine Estates Ltd. | 297,721 | 2,332,447 | |
Whitehaven Coal Ltd. | 293,299 | 979,856 | |
TOTAL AUSTRALIA | 34,946,108 | ||
Austria - 0.3% | |||
Erste Group Bank AG (a) | 351,900 | 8,942,230 | |
Verbund AG | 7,430 | 726,848 | |
TOTAL AUSTRIA | 9,669,078 | ||
Bailiwick of Jersey - 1.5% | |||
Experian PLC | 361,557 | 10,615,606 | |
Ferguson PLC | 185,400 | 20,736,160 | |
Glencore Xstrata PLC | 3,870,400 | 20,963,776 | |
WPP PLC | 327,740 | 3,310,583 | |
TOTAL BAILIWICK OF JERSEY | 55,626,125 | ||
Belgium - 1.2% | |||
Anheuser-Busch InBev SA NV | 129,900 | 6,995,370 | |
Azelis Group NV | 190,049 | 4,158,499 | |
KBC Group NV | 419,585 | 23,606,267 | |
Kinepolis Group NV (b) | 28,341 | 1,360,852 | |
UCB SA | 49,000 | 4,140,828 | |
Warehouses de Pauw | 92,500 | 2,908,061 | |
TOTAL BELGIUM | 43,169,877 | ||
Bermuda - 0.3% | |||
Hiscox Ltd. | 1,024,037 | 11,747,584 | |
Canada - 6.3% | |||
AltaGas Ltd. | 81,330 | 1,716,068 | |
Aritzia, Inc. (b) | 72,881 | 1,973,200 | |
Boardwalk (REIT) (a) | 82,200 | 2,674,438 | |
Brookfield Asset Management, Inc. (Canada) Class A | 143,100 | 6,365,682 | |
Brookfield Renewable Corp. | 54,530 | 1,942,356 | |
Cameco Corp. | 51,700 | 1,086,857 | |
Canadian Natural Resources Ltd. | 308,718 | 16,589,515 | |
Canadian Pacific Railway Ltd. | 285,100 | 19,914,031 | |
Cenovus Energy, Inc. (Canada) | 48,700 | 926,556 | |
Constellation Software, Inc. | 21,600 | 32,065,562 | |
E3 Metals Corp. (b) | 79,000 | 142,387 | |
Emera, Inc. | 90,640 | 4,246,109 | |
Enbridge, Inc. | 93,445 | 3,946,294 | |
First Quantum Minerals Ltd. | 596,200 | 11,310,755 | |
Fortis, Inc. | 73,590 | 3,478,831 | |
Gibson Energy, Inc. (a) | 102,105 | 1,891,068 | |
Imperial Oil Ltd. | 293,923 | 13,855,848 | |
Intact Financial Corp. | 89,100 | 12,567,585 | |
MEG Energy Corp. (b) | 485,414 | 6,720,073 | |
Nutrien Ltd. | 146,700 | 11,682,891 | |
Parkland Corp. | 91,800 | 2,493,263 | |
Royal Bank of Canada | 224,800 | 21,767,458 | |
Shopify, Inc. Class A (b) | 131,010 | 4,092,752 | |
The Toronto-Dominion Bank | 234,700 | 15,390,792 | |
TMX Group Ltd. | 123,600 | 12,578,931 | |
Topicus.Com, Inc. (b) | 26,781 | 1,511,113 | |
Tourmaline Oil Corp. | 175,303 | 9,115,157 | |
Wheaton Precious Metals Corp. | 172,600 | 6,219,071 | |
TOTAL CANADA | 228,264,643 | ||
Cayman Islands - 0.7% | |||
CK Asset Holdings Ltd. | 930,588 | 6,582,000 | |
HKBN Ltd. | 3,325,180 | 3,775,724 | |
JD.com, Inc. Class A | 3,695 | 119,064 | |
Parade Technologies Ltd. | 173,000 | 6,692,569 | |
Sea Ltd. ADR (b) | 50,410 | 3,370,413 | |
Tencent Holdings Ltd. | 85,210 | 3,857,043 | |
TOTAL CAYMAN ISLANDS | 24,396,813 | ||
Denmark - 1.9% | |||
Ascendis Pharma A/S sponsored ADR (b) | 10,500 | 976,080 | |
Chr. Hansen Holding A/S | 61,100 | 4,447,205 | |
DSV A/S | 302,200 | 42,494,555 | |
GN Store Nord A/S | 274,100 | 9,604,535 | |
Novo Nordisk A/S Series B | 29,800 | 3,304,891 | |
Novozymes A/S Series B | 82,700 | 4,963,713 | |
ORSTED A/S (c) | 35,180 | 3,705,295 | |
TOTAL DENMARK | 69,496,274 | ||
Finland - 1.2% | |||
Elisa Corp. (A Shares) | 93,230 | 5,238,694 | |
Nordea Bank ABP | 2,946,500 | 25,922,921 | |
Sampo Oyj (A Shares) | 258,800 | 11,309,856 | |
TOTAL FINLAND | 42,471,471 | ||
France - 13.5% | |||
Air Liquide SA | 258,060 | 34,735,609 | |
ALTEN | 132,900 | 14,456,491 | |
Antin Infrastructure Partners SA | 233,300 | 5,505,841 | |
ARGAN SA | 12,216 | 1,141,917 | |
AXA SA | 287,800 | 6,573,796 | |
BNP Paribas SA | 649,500 | 31,066,866 | |
Capgemini SA | 183,300 | 31,396,985 | |
Dassault Systemes SA | 94,900 | 3,515,179 | |
Edenred SA | 517,400 | 24,383,154 | |
EssilorLuxottica SA (a) | 179,483 | 26,877,948 | |
Hermes International SCA | 6,100 | 6,820,792 | |
L'Oreal SA | 31,500 | 10,936,975 | |
Legrand SA | 428,100 | 31,785,787 | |
LVMH Moet Hennessy Louis Vuitton SE | 129,145 | 79,150,134 | |
Pernod Ricard SA | 189,200 | 34,757,106 | |
Safran SA | 201,600 | 20,072,406 | |
Sanofi SA (a) | 199,055 | 20,073,913 | |
Sartorius Stedim Biotech | 22,000 | 6,900,332 | |
Teleperformance | 90,300 | 27,754,945 | |
TotalEnergies SE | 1,312,838 | 69,103,811 | |
Veolia Environnement SA (a) | 114,230 | 2,800,156 | |
Worldline SA (b)(c) | 44,100 | 1,635,072 | |
TOTAL FRANCE | 491,445,215 | ||
Germany - 8.0% | |||
Allianz SE | 132,100 | 25,324,932 | |
BASF AG | 76,847 | 3,362,229 | |
Bayer AG | 194,600 | 11,620,811 | |
Brenntag SE | 356,000 | 23,310,249 | |
Covestro AG (c) | 84,700 | 2,943,215 | |
Delivery Hero AG (a)(b)(c) | 67,400 | 2,542,721 | |
Deutsche Borse AG | 186,200 | 31,267,964 | |
Deutsche Post AG | 440,331 | 16,625,206 | |
Deutsche Telekom AG | 580,500 | 11,545,715 | |
E.ON AG | 91,090 | 767,258 | |
Evonik Industries AG | 159,600 | 3,405,267 | |
Hannover Reuck SE | 125,000 | 18,142,634 | |
LEG Immobilien AG | 34,799 | 2,885,317 | |
Linde PLC | 26,912 | 7,726,056 | |
Mercedes-Benz Group AG (Germany) | 212,900 | 12,364,883 | |
Merck KGaA | 226,000 | 38,334,418 | |
Rheinmetall AG | 63,198 | 14,590,104 | |
RWE AG | 103,220 | 3,794,583 | |
SAP SE | 83,259 | 7,589,097 | |
Siemens AG | 195,650 | 20,112,134 | |
Siemens Healthineers AG (c) | 545,100 | 27,792,664 | |
Symrise AG | 32,500 | 3,544,621 | |
TOTAL GERMANY | 289,592,078 | ||
Hong Kong - 1.9% | |||
AIA Group Ltd. | 4,945,200 | 54,034,073 | |
Chervon Holdings Ltd. | 269,100 | 1,512,376 | |
Dah Sing Banking Group Ltd. | 1,616,800 | 1,308,391 | |
Hang Seng Bank Ltd. | 188,200 | 3,321,825 | |
Hong Kong Exchanges and Clearing Ltd. | 170,200 | 8,417,457 | |
Sino Land Ltd. | 1,432,000 | 2,113,289 | |
TOTAL HONG KONG | 70,707,411 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 465,700 | 8,407,206 | |
India - 0.6% | |||
HDFC Bank Ltd. | 1,383,000 | 23,691,812 | |
Ireland - 1.9% | |||
CRH PLC | 136,500 | 4,710,453 | |
Flutter Entertainment PLC (b) | 62,841 | 6,306,359 | |
Greencore Group PLC (b) | 2,216,614 | 2,679,396 | |
ICON PLC (b) | 83,700 | 18,137,790 | |
Irish Residential Properties REIT PLC | 1,443,985 | 1,915,742 | |
Kingspan Group PLC (Ireland) | 244,000 | 14,677,169 | |
Linde PLC | 70,700 | 20,328,371 | |
TOTAL IRELAND | 68,755,280 | ||
Italy - 1.7% | |||
Enel SpA | 1,129,366 | 6,193,695 | |
FinecoBank SpA | 1,224,200 | 14,650,722 | |
GVS SpA (c) | 115,000 | 937,601 | |
Moncler SpA | 277,100 | 11,885,538 | |
Prada SpA | 968,300 | 5,423,457 | |
Recordati SpA | 423,112 | 18,405,543 | |
Saras SpA (b) | 2,012,100 | 2,924,601 | |
TOTAL ITALY | 60,421,157 | ||
Japan - 12.0% | |||
Advance Residence Investment Corp. | 1,116 | 2,969,310 | |
Bandai Namco Holdings, Inc. | 60,800 | 4,292,053 | |
Canon, Inc. (a) | 111,900 | 2,535,809 | |
Capcom Co. Ltd. | 400,300 | 9,721,319 | |
Daiichi Sankyo Kabushiki Kaisha | 419,100 | 10,658,756 | |
Daiichikosho Co. Ltd. | 108,290 | 3,152,605 | |
DENSO Corp. | 96,900 | 5,114,622 | |
Dip Corp. | 102,590 | 2,839,221 | |
Fast Retailing Co. Ltd. | 2,200 | 1,155,609 | |
FUJIFILM Holdings Corp. | 407,000 | 21,868,698 | |
Fujitsu Ltd. | 20,900 | 2,615,175 | |
Hitachi Ltd. | 482,300 | 22,943,044 | |
Hoya Corp. | 414,400 | 35,383,432 | |
Itochu Corp. | 613,200 | 16,542,890 | |
JEOL Ltd. | 34,200 | 1,318,293 | |
JTOWER, Inc. (b) | 177,890 | 8,784,368 | |
Kansai Electric Power Co., Inc. | 235,670 | 2,332,796 | |
KDDI Corp. | 197,230 | 6,219,524 | |
Keyence Corp. | 23,500 | 8,059,048 | |
Lifenet Insurance Co. (b) | 286,600 | 1,755,341 | |
Minebea Mitsumi, Inc. | 132,300 | 2,254,828 | |
Misumi Group, Inc. | 349,700 | 7,371,330 | |
Mitsubishi Estate Co. Ltd. | 419,500 | 6,079,959 | |
Mitsubishi UFJ Financial Group, Inc. | 1,578,200 | 8,443,452 | |
Money Forward, Inc. (b) | 179,224 | 4,464,749 | |
Nitori Holdings Co. Ltd. | 16,500 | 1,570,187 | |
Olympus Corp. | 1,217,100 | 24,664,767 | |
ORIX Corp. | 501,700 | 8,408,417 | |
Persol Holdings Co. Ltd. | 994,800 | 18,080,607 | |
Recruit Holdings Co. Ltd. | 519,300 | 15,293,615 | |
Relo Group, Inc. | 410,300 | 6,613,547 | |
Renesas Electronics Corp. (b) | 839,300 | 7,595,126 | |
Shin-Etsu Chemical Co. Ltd. | 54,900 | 6,171,363 | |
SMC Corp. | 34,000 | 15,134,745 | |
SoftBank Group Corp. | 233,106 | 9,034,840 | |
Sony Group Corp. | 573,700 | 46,789,124 | |
Suzuki Motor Corp. | 243,100 | 7,642,560 | |
T&D Holdings, Inc. | 210,500 | 2,519,802 | |
TIS, Inc. | 435,100 | 11,400,210 | |
Tokio Marine Holdings, Inc. | 176,800 | 10,309,554 | |
Tokyo Electron Ltd. | 69,800 | 22,782,255 | |
Toyota Motor Corp. | 1,358,000 | 20,952,997 | |
Z Holdings Corp. | 1,271,090 | 3,696,425 | |
TOTAL JAPAN | 437,536,372 | ||
Luxembourg - 0.6% | |||
B&M European Value Retail SA | 875,476 | 3,907,984 | |
Eurofins Scientific SA | 212,100 | 16,688,046 | |
TOTAL LUXEMBOURG | 20,596,030 | ||
Multi-National - 0.1% | |||
HK Electric Investments & HK Electric Investments Ltd. unit | 2,553,920 | 2,343,404 | |
Netherlands - 6.2% | |||
Adyen BV (b)(c) | 3,100 | 4,473,711 | |
Airbus Group NV | 187,200 | 18,310,012 | |
Akzo Nobel NV | 100,700 | 6,585,570 | |
Argenx SE ADR (b) | 12,900 | 4,887,552 | |
ASM International NV (Netherlands) | 58,700 | 14,677,399 | |
ASML Holding NV (Netherlands) | 144,478 | 68,256,888 | |
Corbion NV | 19,400 | 586,730 | |
Elastic NV (b) | 27,100 | 1,833,857 | |
Euronext NV (c) | 160,840 | 13,130,222 | |
Ferrari NV (Italy) | 28,800 | 5,287,704 | |
Heineken NV (Bearer) | 104,700 | 9,529,965 | |
IMCD NV | 149,708 | 20,544,287 | |
ING Groep NV (Certificaten Van Aandelen) | 1,350,600 | 13,305,579 | |
NXP Semiconductors NV | 19,700 | 2,916,191 | |
Prosus NV | 83,000 | 5,374,553 | |
RHI Magnesita NV | 62,045 | 1,503,750 | |
Universal Music Group NV | 217,740 | 4,362,645 | |
Wolters Kluwer NV | 313,800 | 30,438,051 | |
TOTAL NETHERLANDS | 226,004,666 | ||
Norway - 0.3% | |||
Aker Solutions ASA | 440,000 | 1,195,407 | |
Equinor ASA | 175,700 | 6,122,336 | |
Norsk Hydro ASA | 469,400 | 2,652,702 | |
Schibsted ASA (B Shares) | 171,190 | 2,789,526 | |
TOTAL NORWAY | 12,759,971 | ||
Singapore - 0.4% | |||
Parkway Life REIT | 446,548 | 1,565,313 | |
United Overseas Bank Ltd. | 486,805 | 9,197,892 | |
Wing Tai Holdings Ltd. | 2,064,300 | 2,585,390 | |
TOTAL SINGAPORE | 13,348,595 | ||
Spain - 1.7% | |||
Amadeus IT Holding SA Class A (b) | 475,849 | 26,644,767 | |
CaixaBank SA | 3,776,000 | 13,223,754 | |
Cellnex Telecom SA (c) | 309,120 | 11,995,584 | |
Corp. ACCIONA Energias Renovables SA | 8,190 | 315,672 | |
EDP Renovaveis SA | 104,370 | 2,463,115 | |
Iberdrola SA | 752,121 | 7,830,642 | |
TOTAL SPAIN | 62,473,534 | ||
Sweden - 3.4% | |||
AddTech AB (B Shares) | 606,127 | 7,904,137 | |
ASSA ABLOY AB (B Shares) | 1,011,333 | 21,581,893 | |
Atlas Copco AB (A Shares) | 1,887,200 | 17,664,278 | |
Ericsson (B Shares) | 438,411 | 3,274,500 | |
Haypp Group (b) | 353,000 | 793,666 | |
Hexagon AB (B Shares) | 2,114,000 | 22,089,302 | |
Indutrade AB | 964,189 | 17,582,977 | |
Investor AB (B Shares) | 424,800 | 6,983,833 | |
Kry International AB (b)(d)(e) | 527 | 122,317 | |
Nordnet AB | 334,651 | 4,373,796 | |
Sandvik AB | 582,100 | 9,486,546 | |
Swedish Match Co. AB | 1,248,100 | 12,733,790 | |
TOTAL SWEDEN | 124,591,035 | ||
Switzerland - 10.0% | |||
Compagnie Financiere Richemont SA Series A | 280,890 | 30,213,423 | |
Dufry AG (b) | 49,148 | 1,594,852 | |
Julius Baer Group Ltd. | 325,800 | 15,113,889 | |
Lonza Group AG | 25,330 | 13,529,702 | |
Nestle SA (Reg. S) | 988,628 | 115,543,681 | |
Novartis AG | 35,150 | 2,980,039 | |
Partners Group Holding AG | 15,970 | 14,389,980 | |
Roche Holding AG (participation certificate) | 242,800 | 81,168,003 | |
Sika AG | 132,104 | 30,494,528 | |
Sonova Holding AG | 69,896 | 22,257,774 | |
UBS Group AG | 652,780 | 10,523,526 | |
Zurich Insurance Group Ltd. | 62,210 | 27,128,128 | |
TOTAL SWITZERLAND | 364,937,525 | ||
Taiwan - 0.5% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,080,000 | 17,312,245 | |
United Kingdom - 10.8% | |||
Anglo American PLC (United Kingdom) | 270,880 | 9,683,572 | |
AstraZeneca PLC (United Kingdom) | 234,000 | 30,869,703 | |
Aviva PLC | 1,335,852 | 6,525,670 | |
BAE Systems PLC | 11 | 111 | |
Beazley PLC | 1,101,300 | 6,689,656 | |
Bridgepoint Group Holdings Ltd. (c) | 1,215,356 | 3,574,358 | |
Compass Group PLC | 2,360,928 | 48,473,137 | |
Cranswick PLC | 22,400 | 836,022 | |
Croda International PLC | 41,300 | 3,253,765 | |
Dechra Pharmaceuticals PLC | 243,700 | 10,258,365 | |
Deliveroo PLC Class A (b)(c) | 1,991,600 | 2,191,150 | |
Diageo PLC | 1,374,794 | 59,381,089 | |
Diploma PLC | 183,468 | 4,975,917 | |
Dr. Martens Ltd. | 157,900 | 456,311 | |
Grainger Trust PLC | 739,873 | 2,532,621 | |
Hotel Chocolat Group Ltd. (b) | 812,271 | 2,818,016 | |
Informa PLC (b) | 572,110 | 3,682,719 | |
JD Sports Fashion PLC | 4,815,100 | 6,764,080 | |
Jet2 PLC (b) | 855,000 | 9,427,489 | |
John Wood Group PLC (b) | 3,508,700 | 6,662,979 | |
Lloyds Banking Group PLC | 29,573,800 | 15,215,919 | |
Mondi PLC | 258,547 | 4,579,311 | |
National Grid PLC | 404,410 | 5,197,047 | |
Prudential PLC | 1,106,360 | 13,762,272 | |
Reckitt Benckiser Group PLC | 227,318 | 17,097,101 | |
RELX PLC (London Stock Exchange) | 1,565,109 | 42,494,838 | |
Rentokil Initial PLC | 3,242,100 | 18,730,603 | |
Rio Tinto PLC | 104,000 | 6,217,811 | |
RS GROUP PLC | 1,207,700 | 12,775,458 | |
Smith & Nephew PLC | 378,500 | 5,293,241 | |
SSE PLC | 170,390 | 3,362,704 | |
St. James's Place PLC | 878,500 | 11,790,114 | |
Supreme PLC | 1,404,600 | 2,137,274 | |
Unilever PLC (Netherlands) | 204,252 | 9,272,468 | |
WH Smith PLC (b) | 343,600 | 5,880,796 | |
TOTAL UNITED KINGDOM | 392,863,687 | ||
United States of America - 4.6% | |||
Airbnb, Inc. Class A (b) | 9,500 | 846,260 | |
Ares Management Corp. | 190,200 | 10,814,772 | |
CBRE Group, Inc. (b) | 207,000 | 15,237,270 | |
Constellation Brands, Inc. Class A (sub. vtg.) | 22,600 | 5,267,156 | |
Equifax, Inc. | 83,800 | 15,316,964 | |
Hess Corp. | 52,000 | 5,508,880 | |
Intercontinental Exchange, Inc. | 159,200 | 14,971,168 | |
Kosmos Energy Ltd. (b) | 966,400 | 5,982,016 | |
Marsh & McLennan Companies, Inc. | 172,800 | 26,827,200 | |
Moody's Corp. | 55,200 | 15,012,744 | |
NextEra Energy Partners LP | 21,100 | 1,564,776 | |
NextEra Energy, Inc. | 20,260 | 1,569,340 | |
NICE Ltd. sponsored ADR (b) | 18,552 | 3,570,332 | |
Philip Morris International, Inc. | 76,100 | 7,514,114 | |
Pool Corp. | 18,900 | 6,638,247 | |
ResMed, Inc. | 33,500 | 7,022,605 | |
S&P Global, Inc. | 66,066 | 22,268,206 | |
The AES Corp. | 72,250 | 1,517,973 | |
TOTAL UNITED STATES OF AMERICA | 167,450,023 | ||
TOTAL COMMON STOCKS (Cost $3,227,667,006) | 3,375,025,219 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
Germany - 0.2% | |||
Porsche Automobil Holding SE (Germany) | 86,700 | 5,766,505 | |
Sweden - 0.0% | |||
Kry International AB Series E (b)(d)(e) | 3,043 | 706,280 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $5,142,041) | 6,472,785 | ||
Government Obligations - 0.0% | |||
Principal Amount (f) | Value ($) | ||
United States of America - 0.0% | |||
U.S. Treasury Bills, yield at date of purchase 1.13% 9/1/22 (g) (Cost $1,776,536) | 1,780,000 | 1,775,333 | |
Money Market Funds - 3.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 1.58% (h) | 106,768,267 | 106,789,621 | |
Fidelity Securities Lending Cash Central Fund 1.58% (h)(i) | 12,348,243 | 12,349,478 | |
TOTAL MONEY MARKET FUNDS (Cost $119,139,098) | 119,139,099 | ||
TOTAL INVESTMENT IN SECURITIES - 96.3% (Cost $3,353,724,681) | 3,502,412,436 |
NET OTHER ASSETS (LIABILITIES) - 3.7% | 133,923,512 |
NET ASSETS - 100.0% | 3,636,335,948 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI EAFE Index Contracts (United States) | 1,143 | Sep 2022 | 106,104,690 | 158,763 | 158,763 |
TME S&P/TSX 60 Index Contracts (Canada) | 64 | Sep 2022 | 11,361,094 | 31,995 | 31,995 |
TOTAL FUTURES CONTRACTS | 190,758 | ||||
The notional amount of futures purchased as a percentage of Net Assets is 3.2% |
Categorizations in Schedule of Investments are based on country or territory of incorporation.
Legend
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $74,921,593 or 2.1% of net assets. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $828,597 or 0.0% of net assets. |
(e) | Level 3 security |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $351,077. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Kry International AB | 5/14/21 | 228,879 |
Kry International AB Series E | 5/14/21 | 1,391,178 |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | %ownership, end of period |
Fidelity Cash Central Fund 1.58% | 74,387,739 | 1,003,517,656 | 971,115,774 | 213,346 | - | - | 106,789,621 | 0.2% |
Fidelity Securities Lending Cash Central Fund 1.58% | 39,666,680 | 326,242,245 | 353,559,447 | 794,414 | - | - | 12,349,478 | 0.0% |
Total | 114,054,419 | 1,329,759,901 | 1,324,675,221 | 1,007,760 | - | - | 119,139,099 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Directors (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events, changes in interest rates and credit quality. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund's valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Debt securities, including restricted securities, are valued based on evaluated prices received from third party pricing vendors or from brokers who make markets in such securities. Government Obligations are valued by pricing vendors who utilize matrix pricing which considers yield or price of bonds of comparable quality, coupon, maturity and type or by broker-supplied prices. When independent prices are unavailable or unreliable, debt securities may be valued utilizing pricing methodologies which consider similar factors that would be used by third party pricing vendors. Debt securities are generally categorized as Level 2 in the hierarchy but may be Level 3 depending on the circumstances.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk(s):
Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.
Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.
Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.
The Fund used futures contracts to manage its exposure to the stock market.
Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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