Quarterly Holdings Report
for
Fidelity® International Equity Central Fund
June 30, 2023
INTCEN-NPRT3-0823
1.859215.115
Common Stocks - 98.6% | |||
Shares | Value ($) | ||
Australia - 2.4% | |||
Arena (REIT) unit | 1,641,719 | 4,128,683 | |
Commonwealth Bank of Australia | 133,287 | 8,923,138 | |
Flutter Entertainment PLC (a) | 100,441 | 20,154,491 | |
Flutter Entertainment PLC (Ireland) (a) | 47,600 | 9,570,151 | |
Glencore PLC | 4,118,800 | 23,353,126 | |
Macquarie Group Ltd. | 101,672 | 12,097,733 | |
National Storage REIT unit | 2,159,674 | 3,390,118 | |
Rio Tinto PLC | 99,900 | 6,348,616 | |
Treasury Wine Estates Ltd. | 588,396 | 4,412,475 | |
Westpac Banking Corp. | 1,252,317 | 17,831,261 | |
Woodside Energy Group Ltd. | 483,116 | 11,175,235 | |
TOTAL AUSTRALIA | 121,385,027 | ||
Belgium - 1.0% | |||
Azelis Group NV | 374,249 | 8,526,985 | |
KBC Group NV | 486,762 | 33,951,408 | |
UCB SA | 75,200 | 6,663,129 | |
Warehouses de Pauw | 140,297 | 3,845,673 | |
TOTAL BELGIUM | 52,987,195 | ||
Canada - 5.5% | |||
Africa Oil Corp. | 2,858,727 | 6,085,382 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 205,600 | 10,542,674 | |
Athabasca Oil Corp. (a) | 112,600 | 243,942 | |
Boardwalk (REIT) | 66,700 | 3,131,212 | |
Cameco Corp. | 58,771 | 1,840,656 | |
Canadian Natural Resources Ltd. | 243,136 | 13,669,575 | |
Canadian Pacific Kansas City Ltd. | 376,900 | 30,442,197 | |
Chemtrade Logistics Income Fund | 1,406,300 | 8,694,166 | |
Constellation Software, Inc. | 24,600 | 50,968,935 | |
Eco Atlantic Oil & Gas Ltd. (a) | 816,000 | 138,592 | |
Emera, Inc. | 69,730 | 2,871,839 | |
Fortis, Inc. | 71,490 | 3,080,856 | |
Franco-Nevada Corp. | 78,700 | 11,216,718 | |
GFL Environmental, Inc. | 140,960 | 5,473,472 | |
Hydro One Ltd. (b) | 57,170 | 1,633,429 | |
Imperial Oil Ltd. | 251,241 | 12,854,588 | |
Intact Financial Corp. | 109,900 | 16,968,444 | |
Ivanhoe Mines Ltd. (a) | 446,300 | 4,076,414 | |
Lumine Group, Inc. | 53,706 | 736,621 | |
Major Drilling Group International, Inc. (a) | 176,500 | 1,217,747 | |
MEG Energy Corp. (a) | 455,570 | 7,221,717 | |
Methanex Corp. | 118,100 | 4,880,011 | |
Onex Corp. (sub. vtg.) | 171,200 | 9,455,900 | |
Royal Bank of Canada | 352,400 | 33,655,896 | |
Shopify, Inc. Class A (a) | 198,910 | 12,849,586 | |
Teck Resources Ltd. Class B (sub. vtg.) | 216,200 | 9,096,802 | |
TMX Group Ltd. | 837,000 | 18,834,474 | |
TOTAL CANADA | 281,881,845 | ||
China - 0.5% | |||
Chervon Holdings Ltd. | 269,100 | 1,064,587 | |
NXP Semiconductors NV | 15,600 | 3,193,008 | |
Prosus NV | 146,800 | 10,750,774 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 525,500 | 11,882,602 | |
TOTAL CHINA | 26,890,971 | ||
Denmark - 4.5% | |||
A.P. Moller - Maersk A/S Series B | 6,700 | 11,780,259 | |
Carlsberg A/S Series B | 144,000 | 23,013,410 | |
DSV A/S | 368,900 | 77,472,514 | |
Novo Nordisk A/S Series B | 653,700 | 105,598,596 | |
Novozymes A/S Series B | 144,900 | 6,750,745 | |
ORSTED A/S (b) | 44,680 | 4,222,124 | |
TOTAL DENMARK | 228,837,648 | ||
Finland - 1.1% | |||
Elisa Corp. (A Shares) | 105,030 | 5,608,952 | |
Nordea Bank ABP | 3,201,900 | 34,823,429 | |
Sampo Oyj (A Shares) | 378,000 | 16,960,914 | |
TOTAL FINLAND | 57,393,295 | ||
France - 13.9% | |||
Air Liquide SA | 375,560 | 67,351,082 | |
Airbus Group NV | 214,100 | 30,954,951 | |
ALTEN | 168,100 | 26,469,053 | |
Antin Infrastructure Partners SA | 67,800 | 1,100,872 | |
ARGAN SA | 10,816 | 802,565 | |
AXA SA | 408,000 | 12,056,937 | |
BNP Paribas SA | 304,200 | 19,196,832 | |
Capgemini SA | 250,600 | 47,449,244 | |
Dassault Systemes SA | 159,900 | 7,088,367 | |
Edenred SA | 643,900 | 43,098,936 | |
Engie SA | 298,310 | 4,967,732 | |
EssilorLuxottica SA | 239,078 | 45,028,218 | |
Hermes International SCA | 7,100 | 15,417,565 | |
L'Oreal SA | 145,000 | 67,639,033 | |
LVMH Moet Hennessy Louis Vuitton SE | 154,745 | 145,910,968 | |
Pernod Ricard SA | 254,300 | 56,164,413 | |
Safran SA | 266,600 | 41,778,812 | |
TotalEnergies SE | 1,307,893 | 75,079,118 | |
Veolia Environnement SA | 125,330 | 3,967,379 | |
TOTAL FRANCE | 711,522,077 | ||
Germany - 7.5% | |||
Allianz SE | 145,800 | 33,960,277 | |
Bayer AG | 124,200 | 6,875,100 | |
Covestro AG (a)(b) | 97,900 | 5,082,899 | |
Deutsche Borse AG | 182,800 | 33,747,536 | |
Deutsche Post AG | 498,831 | 24,347,630 | |
Deutsche Telekom AG | 653,900 | 14,267,128 | |
E.ON SE | 240,270 | 3,062,293 | |
Evonik Industries AG | 166,100 | 3,159,158 | |
Fresenius SE & Co. KGaA | 374,200 | 10,359,257 | |
Hannover Reuck SE | 158,200 | 33,550,221 | |
Infineon Technologies AG | 887,900 | 36,565,722 | |
LEG Immobilien AG | 34,400 | 1,975,962 | |
Mercedes-Benz Group AG (Germany) | 260,000 | 20,927,735 | |
Merck KGaA | 247,243 | 40,886,911 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2,660 | 997,331 | |
Rheinmetall AG | 61,528 | 16,838,550 | |
RWE AG | 120,440 | 5,239,880 | |
SAP SE | 137,659 | 18,805,238 | |
Siemens AG | 198,150 | 33,031,775 | |
Siemens Healthineers AG (b) | 700,400 | 39,635,378 | |
Symrise AG | 38,100 | 3,994,880 | |
TOTAL GERMANY | 387,310,861 | ||
Hong Kong - 2.5% | |||
AIA Group Ltd. | 7,502,000 | 76,194,060 | |
CK Asset Holdings Ltd. | 932,588 | 5,165,176 | |
HK Electric Investments & HK Electric Investments Ltd. unit | 982,690 | 588,159 | |
HKT Trust/HKT Ltd. unit | 2,248,070 | 2,613,568 | |
Prudential PLC | 1,742,260 | 24,606,626 | |
Sino Land Ltd. | 3,100,509 | 3,810,350 | |
Techtronic Industries Co. Ltd. | 1,251,000 | 13,594,008 | |
TOTAL HONG KONG | 126,571,947 | ||
Hungary - 0.3% | |||
Richter Gedeon PLC | 589,800 | 14,546,742 | |
India - 1.1% | |||
HCL Technologies Ltd. | 709,000 | 10,304,768 | |
HDFC Bank Ltd. | 2,122,600 | 44,039,864 | |
TOTAL INDIA | 54,344,632 | ||
Ireland - 0.9% | |||
AIB Group PLC | 2,909,400 | 12,222,738 | |
Bank of Ireland Group PLC | 1,499,400 | 14,296,637 | |
Kingspan Group PLC (Ireland) | 321,600 | 21,371,632 | |
TOTAL IRELAND | 47,891,007 | ||
Israel - 0.1% | |||
NICE Ltd. sponsored ADR (a) | 16,652 | 3,438,638 | |
Italy - 3.1% | |||
Coca-Cola HBC AG | 375,000 | 11,168,063 | |
Davide Campari Milano NV | 777,700 | 10,769,067 | |
Enel SpA | 628,006 | 4,234,283 | |
Ferrari NV (Italy) | 38,300 | 12,516,991 | |
FinecoBank SpA | 1,306,000 | 17,550,195 | |
GVS SpA (a)(b) | 115,000 | 694,576 | |
Industrie de Nora SpA | 116,500 | 2,444,610 | |
Intercos SpA | 111,300 | 1,870,339 | |
Prada SpA | 1,043,000 | 6,987,940 | |
Prysmian SpA | 315,100 | 13,162,085 | |
Recordati SpA | 881,700 | 42,092,358 | |
UniCredit SpA | 1,555,200 | 36,163,960 | |
TOTAL ITALY | 159,654,467 | ||
Japan - 14.9% | |||
Advance Residence Investment Corp. | 1,616 | 3,852,552 | |
Advantest Corp. | 56,200 | 7,569,241 | |
AeroEdge Co. Ltd. | 10,000 | 117,121 | |
Ajinomoto Co., Inc. | 157,300 | 6,266,337 | |
Bandai Namco Holdings, Inc. | 592,700 | 13,725,341 | |
BayCurrent Consulting, Inc. | 228,400 | 8,496,838 | |
Bleach, Inc. | 98,800 | 917,509 | |
Capcom Co. Ltd. | 594,800 | 23,475,422 | |
Daiichi Sankyo Kabushiki Kaisha | 659,200 | 20,945,604 | |
Daiichikosho Co. Ltd. | 243,980 | 4,281,211 | |
DENSO Corp. | 137,900 | 9,301,649 | |
Dip Corp. | 115,590 | 2,863,815 | |
Fast Retailing Co. Ltd. | 50,600 | 12,977,625 | |
FUJIFILM Holdings Corp. | 393,300 | 23,434,058 | |
Fujitsu Ltd. | 38,000 | 4,920,350 | |
Grid, Inc. | 10,200 | 151,273 | |
Hitachi Ltd. | 617,600 | 38,400,211 | |
Hoya Corp. | 457,700 | 54,771,245 | |
Itochu Corp. | 748,500 | 29,731,585 | |
JTOWER, Inc. (a) | 378,450 | 18,018,306 | |
Kansai Electric Power Co., Inc. | 460,090 | 5,772,477 | |
Katitas Co. Ltd. | 85,500 | 1,468,305 | |
KDDI Corp. | 222,130 | 6,860,068 | |
Keyence Corp. | 34,900 | 16,582,969 | |
Kobe Bussan Co. Ltd. | 147,700 | 3,813,924 | |
Minebea Mitsumi, Inc. | 1,037,700 | 19,681,688 | |
Misumi Group, Inc. | 349,700 | 6,953,043 | |
Mizuho Financial Group, Inc. | 1,313,400 | 20,075,937 | |
Nomura Real Estate Holdings, Inc. | 198,200 | 4,689,385 | |
Nomura Research Institute Ltd. | 105,300 | 2,909,170 | |
ORIX Corp. | 512,900 | 9,353,346 | |
Persol Holdings Co. Ltd. | 1,458,652 | 26,171,732 | |
Relo Group, Inc. | 595,300 | 8,065,501 | |
Renesas Electronics Corp. (a) | 889,900 | 16,794,473 | |
Shin-Etsu Chemical Co. Ltd. | 1,579,000 | 52,766,951 | |
Shiseido Co. Ltd. | 105,900 | 4,800,418 | |
SMC Corp. | 52,400 | 29,121,925 | |
SoftBank Group Corp. | 236,176 | 11,137,969 | |
Sony Group Corp. | 758,600 | 68,478,982 | |
Sumitomo Mitsui Financial Group, Inc. | 531,400 | 22,775,511 | |
Suzuki Motor Corp. | 479,900 | 17,402,518 | |
Terumo Corp. | 392,500 | 12,500,992 | |
TIS, Inc. | 363,000 | 9,033,806 | |
Tokio Marine Holdings, Inc. | 1,730,300 | 39,889,589 | |
Tokyo Electron Ltd. | 248,000 | 35,719,065 | |
Toyota Motor Corp. | 1,445,600 | 23,233,812 | |
Z Holdings Corp. | 1,431,690 | 3,450,502 | |
TOTAL JAPAN | 763,721,351 | ||
Luxembourg - 0.2% | |||
Eurofins Scientific SA | 166,302 | 10,554,222 | |
Netherlands - 5.9% | |||
Adyen BV (a)(b) | 4,100 | 7,099,838 | |
Argenx SE ADR (a) | 21,100 | 8,223,303 | |
ASM International NV (Netherlands) | 64,100 | 27,163,498 | |
ASML Holding NV (Netherlands) | 188,808 | 136,947,828 | |
Heineken NV (Bearer) | 121,400 | 12,484,365 | |
IMCD NV | 171,300 | 24,617,701 | |
Shell PLC (London) | 1,208,800 | 36,060,543 | |
Topicus.Com, Inc. (a) | 26,781 | 2,196,456 | |
Universal Music Group NV | 245,240 | 5,445,780 | |
Wolters Kluwer NV | 351,173 | 44,566,157 | |
TOTAL NETHERLANDS | 304,805,469 | ||
New Zealand - 0.0% | |||
Ryman Healthcare Ltd. | 175,400 | 710,064 | |
Norway - 0.3% | |||
Equinor ASA | 317,613 | 9,248,532 | |
Mowi ASA | 61,500 | 975,190 | |
Norsk Hydro ASA | 497,600 | 2,966,324 | |
Schibsted ASA (B Shares) | 192,890 | 3,195,185 | |
TOTAL NORWAY | 16,385,231 | ||
Portugal - 0.1% | |||
Galp Energia SGPS SA Class B | 268,000 | 3,134,974 | |
Singapore - 0.4% | |||
Parkway Life REIT | 897,148 | 2,591,294 | |
Sea Ltd. ADR (a) | 107,390 | 6,232,916 | |
United Overseas Bank Ltd. | 460,205 | 9,549,833 | |
Wing Tai Holdings Ltd. | 2,265,700 | 2,464,484 | |
TOTAL SINGAPORE | 20,838,527 | ||
South Africa - 0.2% | |||
Anglo American PLC (United Kingdom) | 415,100 | 11,819,355 | |
Spain - 2.3% | |||
Amadeus IT Holding SA Class A | 620,649 | 47,204,477 | |
Banco Santander SA (Spain) | 4,218,200 | 15,616,359 | |
CaixaBank SA | 7,379,700 | 30,569,044 | |
Cellnex Telecom SA (b) | 296,301 | 11,959,742 | |
EDP Renovaveis SA | 140,310 | 2,801,079 | |
Iberdrola SA | 869,451 | 11,353,988 | |
TOTAL SPAIN | 119,504,689 | ||
Sweden - 2.0% | |||
AddTech AB (B Shares) | 606,127 | 13,195,549 | |
Atlas Copco AB (A Shares) | 2,389,700 | 34,499,820 | |
Evolution AB (b) | 69,000 | 8,737,797 | |
Haypp Group (a) | 353,000 | 1,489,196 | |
Hemnet Group AB | 115,810 | 2,027,280 | |
Indutrade AB | 964,189 | 21,714,781 | |
JM AB (B Shares) | 100,000 | 1,332,363 | |
Kry International AB (a)(c)(d) | 527 | 31,283 | |
Nordnet AB | 93,441 | 1,250,171 | |
NP3 Fastigheter AB | 28,000 | 422,907 | |
Sandvik AB | 881,500 | 17,179,906 | |
TOTAL SWEDEN | 101,881,053 | ||
Switzerland - 4.0% | |||
Compagnie Financiere Richemont SA Series A | 447,000 | 75,931,000 | |
DSM-Firmenich AG | 54,900 | 5,908,016 | |
Julius Baer Group Ltd. | 437,820 | 27,629,741 | |
Novartis AG | 38,620 | 3,893,647 | |
Partners Group Holding AG | 22,700 | 21,344,417 | |
Sika AG | 147,634 | 42,282,470 | |
Sonova Holding AG | 47,506 | 12,642,790 | |
UBS Group AG | 849,250 | 17,169,073 | |
TOTAL SWITZERLAND | 206,801,154 | ||
Taiwan - 0.3% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 873,000 | 16,123,337 | |
United Kingdom - 13.7% | |||
3i Group PLC | 1,204,400 | 29,804,022 | |
Ashtead Group PLC | 375,400 | 25,954,706 | |
AstraZeneca PLC (United Kingdom) | 793,900 | 113,808,961 | |
B&M European Value Retail SA | 1,380,776 | 9,767,471 | |
BAE Systems PLC | 2,060,511 | 24,295,997 | |
Beazley PLC | 1,563,541 | 11,695,756 | |
Big Yellow Group PLC | 115,000 | 1,567,117 | |
British American Tobacco PLC (United Kingdom) | 98,400 | 3,269,384 | |
Compass Group PLC | 2,578,409 | 72,203,576 | |
Cranswick PLC | 83,018 | 3,422,351 | |
Croda International PLC | 47,500 | 3,393,885 | |
Deliveroo PLC Class A (a)(b) | 3,742,100 | 5,441,575 | |
Diageo PLC | 1,741,684 | 74,876,743 | |
Diploma PLC | 183,468 | 6,952,850 | |
Grainger Trust PLC | 534,200 | 1,541,402 | |
Hiscox Ltd. | 1,267,717 | 17,565,107 | |
Horizonte Minerals PLC (a) | 1,755,800 | 3,211,007 | |
Hotel Chocolat Group Ltd. (a)(e) | 1,302,371 | 1,968,273 | |
Indivior PLC (a) | 272,100 | 6,299,686 | |
Informa PLC | 644,410 | 5,941,589 | |
JD Sports Fashion PLC | 5,400,000 | 10,012,680 | |
John Wood Group PLC (a) | 6,981,500 | 11,996,381 | |
Lancashire Holdings Ltd. | 1,380,700 | 10,135,166 | |
London Stock Exchange Group PLC | 419,500 | 44,648,812 | |
National Grid PLC | 765,280 | 10,146,367 | |
NatWest Group PLC | 3,648,500 | 11,151,609 | |
RELX PLC (London Stock Exchange) | 2,148,715 | 71,682,693 | |
Rentokil Initial PLC | 4,227,100 | 33,050,468 | |
Rolls-Royce Holdings PLC (a) | 11,667,800 | 22,437,211 | |
RS GROUP PLC | 1,435,819 | 13,862,172 | |
Sage Group PLC | 1,157,400 | 13,593,617 | |
SSE PLC | 216,940 | 5,087,264 | |
Supreme PLC | 2,564,900 | 3,322,571 | |
Unilever PLC (Netherlands) | 168,161 | 8,754,655 | |
WH Smith PLC | 206,900 | 4,067,571 | |
WPP PLC | 369,140 | 3,869,251 | |
TOTAL UNITED KINGDOM | 700,799,946 | ||
United States of America - 9.6% | |||
Airbnb, Inc. Class A (a) | 19,700 | 2,524,752 | |
Brookfield Renewable Corp. | 69,110 | 2,180,115 | |
CBRE Group, Inc. (a) | 261,800 | 21,129,878 | |
CDW Corp. | 80,400 | 14,753,400 | |
Elastic NV (a) | 28,900 | 1,853,068 | |
Equifax, Inc. | 54,900 | 12,917,970 | |
Experian PLC | 1,301,996 | 49,971,913 | |
Ferguson PLC | 169,700 | 26,745,908 | |
Hess Corp. | 21,540 | 2,928,363 | |
ICON PLC (a) | 167,200 | 41,833,440 | |
Linde PLC | 155,312 | 59,186,297 | |
Marsh & McLennan Companies, Inc. | 220,200 | 41,415,216 | |
Micron Technology, Inc. | 42,800 | 2,701,108 | |
Nestle SA (Reg. S) | 834,478 | 100,380,699 | |
NextEra Energy, Inc. | 35,230 | 2,614,066 | |
Philip Morris International, Inc. | 75,900 | 7,409,358 | |
Republic Services, Inc. | 8,840 | 1,354,023 | |
ResMed, Inc. | 35,300 | 7,713,050 | |
Roche Holding AG (participation certificate) | 30,090 | 9,191,594 | |
S&P Global, Inc. | 83,666 | 33,540,863 | |
Sanofi SA | 250,055 | 26,919,868 | |
Thermo Fisher Scientific, Inc. | 36,200 | 18,887,350 | |
Waste Connections, Inc. (United States) | 15,530 | 2,219,703 | |
TOTAL UNITED STATES OF AMERICA | 490,372,002 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 676,700 | 16,008,891 | |
TOTAL COMMON STOCKS (Cost $4,119,430,767) | 5,058,116,617 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Germany - 0.1% | |||
Volkswagen AG | 45,800 | 6,158,850 | |
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(d) | 3,043 | 180,636 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $8,129,858) | 6,339,486 | ||
Money Market Funds - 0.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.14% (f) | 39,774,234 | 39,782,189 | |
Fidelity Securities Lending Cash Central Fund 5.14% (f)(g) | 1,660,166 | 1,660,332 | |
TOTAL MONEY MARKET FUNDS (Cost $41,442,519) | 41,442,521 | ||
TOTAL INVESTMENT IN SECURITIES - 99.5% (Cost $4,169,003,144) | 5,105,898,624 |
NET OTHER ASSETS (LIABILITIES) - 0.5% | 25,620,412 |
NET ASSETS - 100.0% | 5,131,519,036 |
Legend
(a) | Non-income producing |
(b) | 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 $84,507,358 or 1.6% of net assets. |
(c) | 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 $211,919 or 0.0% of net assets. |
(d) | Level 3 security |
(e) | Security or a portion of the security is on loan at period end. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 5.14% | 37,282,189 | 1,494,307,813 | 1,491,807,813 | 2,715,893 | - | - | 39,782,189 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.14% | 55,235,153 | 516,612,096 | 570,186,917 | 439,367 | - | - | 1,660,332 | 0.0% |
Total | 92,517,342 | 2,010,919,909 | 2,061,994,730 | 3,155,260 | - | - | 41,442,521 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column 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. Securities transactions are accounted for as of trade date. The Board of Directors (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services 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 the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
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 service 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.
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.
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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