| Common Stocks - 98.5% |
| | | Shares | Value ($) |
| Australia - 1.9% | | | |
| Arena (REIT) unit | | 1,366,139 | 3,526,930 |
| Commonwealth Bank of Australia | | 101,617 | 8,634,925 |
| Goodman Group unit | | 162,458 | 3,766,057 |
| Macquarie Group Ltd. | | 117,191 | 16,002,279 |
| National Storage REIT unit | | 1,444,377 | 2,216,151 |
| QBE Insurance Group Ltd. | | 1,016,443 | 11,791,622 |
| Rio Tinto PLC | | 434,900 | 28,537,396 |
| Treasury Wine Estates Ltd. | | 731,930 | 6,074,085 |
| Westpac Banking Corp. | | 912,273 | 16,571,560 |
| Woodside Energy Group Ltd. | | 391,695 | 7,376,006 |
TOTAL AUSTRALIA | | | 104,497,011 |
| Belgium - 1.0% | | | |
| Azelis Group NV | | 301,649 | 5,414,335 |
| KBC Group NV | | 383,062 | 27,034,832 |
| Nyxoah SA (a) | | 335,700 | 2,363,328 |
| UCB SA | | 135,000 | 20,053,003 |
| Warehouses de Pauw | | 52,593 | 1,425,009 |
TOTAL BELGIUM | | | 56,290,507 |
| Brazil - 0.2% | | | |
| Wheaton Precious Metals Corp. | | 170,900 | 8,960,679 |
| Canada - 6.2% | | | |
| Africa Oil Corp. | | 3,129,319 | 5,581,330 |
| Alimentation Couche-Tard, Inc. (multi-vtg.) | | 603,100 | 33,843,783 |
| Alphamin Resources Corp. | | 3,639,500 | 2,819,977 |
| Athabasca Oil Corp. (a) | | 1,409,619 | 5,337,397 |
| Boardwalk (REIT) | | 33,200 | 1,710,417 |
| Cameco Corp. | | 89,952 | 4,425,766 |
| Canadian Natural Resources Ltd. | | 139,236 | 4,959,592 |
| Canadian Pacific Kansas City Ltd. | | 319,100 | 25,130,539 |
| Chemtrade Logistics Income Fund (b) | | 1,601,000 | 10,813,377 |
| Constellation Software, Inc. | | 20,900 | 60,220,966 |
| Constellation Software, Inc. warrants 3/31/40 (a)(c) | | 24,200 | 2 |
| Fairfax Financial Holdings Ltd. (sub. vtg.) | | 11,400 | 12,968,943 |
| Franco-Nevada Corp. | | 67,300 | 7,979,284 |
| Imperial Oil Ltd. | | 276,124 | 18,827,416 |
| Intact Financial Corp. | | 72,500 | 12,083,422 |
| Ivanhoe Mines Ltd. (a) | | 1,013,300 | 13,073,166 |
| Lumine Group, Inc. (a) | | 171,196 | 4,621,372 |
| MEG Energy Corp. (a) | | 427,002 | 9,135,886 |
| Methanex Corp. | | 114,100 | 5,508,794 |
| Onex Corp. (sub. vtg.) | | 108,000 | 7,343,416 |
| Quebecor, Inc. Class B (sub. vtg.) | | 133,200 | 2,810,924 |
| Royal Bank of Canada | | 340,300 | 36,230,178 |
| Shopify, Inc. Class A (a) | | 182,610 | 12,061,391 |
| Stella-Jones, Inc. | | 170,300 | 11,112,665 |
| Teck Resources Ltd. Class B (sub. vtg.) | | 115,300 | 5,525,433 |
| TMX Group Ltd. | | 806,100 | 22,437,987 |
TOTAL CANADA | | | 336,563,423 |
| Chile - 0.3% | | | |
| Antofagasta PLC | | 292,200 | 7,793,707 |
| Lundin Mining Corp. | | 496,000 | 5,521,786 |
TOTAL CHILE | | | 13,315,493 |
| China - 0.1% | | | |
| ESR Group Ltd. (d) | | 798,200 | 1,048,723 |
| NXP Semiconductors NV | | 10,300 | 2,771,627 |
TOTAL CHINA | | | 3,820,350 |
| Denmark - 3.5% | | | |
| Carlsberg A/S Series B | | 79,893 | 9,591,479 |
| Novo Nordisk A/S Series B | | 1,169,400 | 167,323,447 |
| Novonesis (NOVOZYMES) B Series B | | 97,600 | 5,971,849 |
| Pandora A/S | | 46,400 | 7,002,743 |
TOTAL DENMARK | | | 189,889,518 |
| Finland - 1.0% | | | |
| Elisa Corp. (A Shares) | | 83,360 | 3,824,515 |
| Fortum Corp. | | 66,610 | 973,736 |
| Nordea Bank Abp | | 2,780,500 | 33,080,578 |
| Sampo Oyj (A Shares) | | 423,900 | 18,204,426 |
TOTAL FINLAND | | | 56,083,255 |
| France - 10.3% | | | |
| Accor SA | | 524,900 | 21,530,025 |
| Air Liquide SA | | 373,036 | 64,381,314 |
| Airbus Group NV | | 234,000 | 32,115,730 |
| Alten SA | | 164,500 | 18,057,556 |
| Antin Infrastructure Partners SA | | 67,800 | 820,498 |
| ARGAN SA | | 17,493 | 1,363,845 |
| BNP Paribas SA | | 189,500 | 12,118,924 |
| Capgemini SA | | 245,300 | 48,725,789 |
| Danone SA | | 177,500 | 10,871,837 |
| Dassault Systemes SA | | 591,000 | 22,222,177 |
| Eramet SA | | 30,500 | 3,075,313 |
| EssilorLuxottica SA | | 169,331 | 36,486,621 |
| Hermes International SCA | | 6,600 | 15,126,098 |
| Interparfums SA | | 83,750 | 3,426,237 |
| L'Oreal SA | | 127,900 | 56,297,174 |
| LVMH Moet Hennessy Louis Vuitton SE | | 124,116 | 95,295,157 |
| Safran SA | | 246,300 | 51,909,798 |
| TotalEnergies SE | | 828,324 | 55,459,411 |
| Veolia Environnement SA | | 128,120 | 3,837,560 |
TOTAL FRANCE | | | 553,121,064 |
| Germany - 8.9% | | | |
| adidas AG | | 37,900 | 9,051,348 |
| Allianz SE | | 139,200 | 38,660,139 |
| Deutsche Borse AG | | 174,400 | 35,646,764 |
| Deutsche Telekom AG | | 653,900 | 16,436,104 |
| DHL Group | | 582,131 | 23,638,550 |
| E.ON SE | | 379,880 | 4,985,732 |
| Fresenius SE & Co. KGaA (a) | | 449,700 | 13,427,181 |
| Hannover Reuck SE | | 157,800 | 40,001,332 |
| Infineon Technologies AG | | 368,133 | 13,510,592 |
| LEG Immobilien AG (b) | | 46,608 | 3,806,506 |
| Mercedes-Benz Group AG (Germany) | | 203,000 | 14,049,940 |
| Merck KGaA | | 207,043 | 34,313,135 |
| MTU Aero Engines AG | | 63,600 | 16,265,246 |
| Rheinmetall AG | | 46,128 | 23,499,952 |
| RWE AG | | 135,020 | 4,619,959 |
| SAP SE | | 509,859 | 102,418,225 |
| Siemens AG | | 233,850 | 43,525,433 |
| Siemens Healthineers AG (d) | | 700,600 | 40,366,547 |
TOTAL GERMANY | | | 478,222,685 |
| Hong Kong - 1.2% | | | |
| AIA Group Ltd. | | 6,982,800 | 47,243,877 |
| CK Asset Holdings Ltd. | | 1,480,088 | 5,543,898 |
| Prudential PLC | | 1,575,360 | 14,283,820 |
TOTAL HONG KONG | | | 67,071,595 |
| Hungary - 0.2% | | | |
| Richter Gedeon PLC | | 460,200 | 11,953,955 |
| India - 0.4% | | | |
| HDFC Bank Ltd. | | 1,108,000 | 22,382,431 |
| Indonesia - 0.4% | | | |
| PT Bank Central Asia Tbk | | 39,500,200 | 23,941,343 |
| Ireland - 1.2% | | | |
| AIB Group PLC | | 4,791,000 | 25,326,228 |
| Bank of Ireland Group PLC | | 1,462,900 | 15,303,455 |
| Kingspan Group PLC (Ireland) | | 311,300 | 26,504,245 |
TOTAL IRELAND | | | 67,133,928 |
| Israel - 0.1% | | | |
| Wix.com Ltd. (a) | | 28,300 | 4,501,681 |
| Italy - 3.8% | | | |
| Coca-Cola HBC AG | | 255,700 | 8,720,755 |
| Davide Campari Milano NV | | 1,042,100 | 9,847,910 |
| Enel SpA | | 782,126 | 5,427,011 |
| Ferrari NV (Italy) | | 29,700 | 12,109,007 |
| FinecoBank SpA | | 1,306,000 | 19,469,357 |
| GVS SpA (a)(d) | | 115,000 | 809,156 |
| Industrie de Nora SpA (b) | | 116,500 | 1,397,376 |
| Intercos SpA | | 193,600 | 3,139,066 |
| Prada SpA | | 1,240,600 | 9,277,830 |
| Prysmian SpA | | 476,900 | 29,530,759 |
| Recordati SpA | | 831,400 | 43,361,887 |
| UniCredit SpA | | 1,605,100 | 59,398,369 |
TOTAL ITALY | | | 202,488,483 |
| Japan - 17.3% | | | |
| Ajinomoto Co., Inc. | | 884,900 | 31,144,259 |
| Asics Corp. | | 276,000 | 4,255,416 |
| BayCurrent Consulting, Inc. | | 176,500 | 3,573,155 |
| Canon, Inc. | | 94,500 | 2,563,564 |
| Capcom Co. Ltd. | | 1,127,010 | 21,319,522 |
| Daiichi Sankyo Kabushiki Kaisha | | 671,800 | 23,347,565 |
| DENSO Corp. | | 2,044,900 | 31,918,927 |
| Disco Corp. | | 20,800 | 7,922,713 |
| Fast Retailing Co. Ltd. | | 55,000 | 13,911,766 |
| Fuji Electric Co. Ltd. | | 26,500 | 1,514,226 |
| FUJIFILM Holdings Corp. | | 1,786,100 | 41,896,012 |
| Fujitsu Ltd. | | 443,500 | 6,955,625 |
| Hitachi Ltd. | | 4,280,900 | 96,390,141 |
| Hoya Corp. | | 262,300 | 30,673,191 |
| Itochu Corp. | | 663,400 | 32,611,553 |
| JTOWER, Inc. (a) | | 119,300 | 1,254,304 |
| Kansai Electric Power Co., Inc. | | 317,470 | 5,330,896 |
| Katitas Co. Ltd. | | 163,000 | 1,764,379 |
| Keyence Corp. | | 25,400 | 11,117,027 |
| Komatsu Ltd. | | 848,700 | 24,790,140 |
| LY Corp. | | 1,529,370 | 3,692,925 |
| Minebea Mitsumi, Inc. | | 364,900 | 7,517,244 |
| Mitsubishi Electric Corp. | | 1,669,000 | 26,745,924 |
| Mitsubishi Heavy Industries Ltd. | | 3,786,200 | 40,758,734 |
| Mitsui Fudosan Logistics Park, Inc. | | 1,033 | 2,789,561 |
| Mizuho Financial Group, Inc. | | 1,254,300 | 26,399,745 |
| Nintendo Co. Ltd. | | 136,830 | 7,306,938 |
| Nomura Real Estate Holdings, Inc. | | 167,600 | 4,219,062 |
| NSD Co. Ltd. | | 101,100 | 1,942,041 |
| ORIX Corp. | | 572,800 | 12,695,471 |
| Pan Pacific International Holdings Ltd. | | 326,000 | 7,625,741 |
| Renesas Electronics Corp. | | 2,066,829 | 39,196,685 |
| Rohto Pharmaceutical Co. Ltd. | | 365,100 | 7,643,570 |
| Shin-Etsu Chemical Co. Ltd. | | 1,733,700 | 67,409,101 |
| SoftBank Group Corp. | | 231,656 | 14,900,400 |
| Sompo Holdings, Inc. | | 364,800 | 7,815,366 |
| Sony Group Corp. | | 245,000 | 20,879,188 |
| Sumitomo Mitsui Financial Group, Inc. | | 428,000 | 28,729,472 |
| Suzuki Motor Corp. | | 2,308,300 | 26,648,436 |
| Terumo Corp. | | 744,800 | 12,352,660 |
| TIS, Inc. | | 314,900 | 6,117,889 |
| Tokio Marine Holdings, Inc. | | 1,920,600 | 72,174,339 |
| Tokyo Electron Ltd. | | 223,400 | 48,902,353 |
| Tokyo Seimitsu Co. Ltd. | | 80,400 | 6,168,556 |
| Tosei Corp. | | 152,200 | 2,309,279 |
| Toyota Motor Corp. | | 1,728,300 | 35,460,354 |
TOTAL JAPAN | | | 932,655,415 |
| Korea (South) - 0.1% | | | |
| JYP Entertainment Corp. | | 38,060 | 1,580,277 |
| SK Hynix, Inc. | | 8,940 | 1,532,070 |
| Webtoon Entertainment, Inc. | | 101,490 | 2,317,017 |
TOTAL KOREA (SOUTH) | | | 5,429,364 |
| Luxembourg - 0.0% | | | |
| CVC Capital Partners PLC (d) | | 21,900 | 401,881 |
| Mexico - 0.1% | | | |
| Fresnillo PLC | | 389,600 | 2,767,813 |
| Netherlands - 6.1% | | | |
| Argenx SE ADR (a) | | 19,800 | 8,514,792 |
| ASM International NV (Netherlands) | | 40,876 | 31,159,865 |
| ASML Holding NV (Netherlands) | | 179,908 | 183,356,170 |
| BE Semiconductor Industries NV | | 18,900 | 3,160,625 |
| Heineken NV (Bearer) | | 115,500 | 11,174,166 |
| IMCD NV | | 171,300 | 23,720,568 |
| Topicus.Com, Inc. | | 26,781 | 2,290,397 |
| Universal Music Group NV | | 245,240 | 7,295,463 |
| Wolters Kluwer NV | | 336,273 | 55,748,367 |
TOTAL NETHERLANDS | | | 326,420,413 |
| Norway - 0.2% | | | |
| Equinor ASA | | 184,810 | 5,293,664 |
| Norsk Hydro ASA | | 816,700 | 5,091,702 |
TOTAL NORWAY | | | 10,385,366 |
| Portugal - 0.2% | | | |
| Galp Energia SGPS SA | | 540,089 | 11,407,158 |
| Singapore - 0.5% | | | |
| Parkway Life REIT | | 964,748 | 2,490,131 |
| Sea Ltd. ADR Class A (a) | | 137,940 | 9,851,675 |
| United Overseas Bank Ltd. | | 473,405 | 10,937,890 |
| Wing Tai Holdings Ltd. | | 1,486,400 | 1,512,708 |
TOTAL SINGAPORE | | | 24,792,404 |
| South Africa - 0.2% | | | |
| Anglo American PLC (United Kingdom) | | 281,600 | 8,898,702 |
| Spain - 2.4% | | | |
| Banco Santander SA (Spain) | | 5,241,700 | 24,388,445 |
| CaixaBank SA | | 11,483,600 | 60,984,146 |
| Cellnex Telecom SA (d) | | 271,436 | 8,828,312 |
| Iberdrola SA | | 955,641 | 12,399,368 |
| Industria de Diseno Textil SA | | 287,000 | 14,241,910 |
| Neinor Homes SLU (d) | | 192,300 | 2,574,296 |
| Puig Brands SA Class B | | 217,500 | 6,079,515 |
TOTAL SPAIN | | | 129,495,992 |
| Sweden - 1.8% | | | |
| AddTech AB (B Shares) | | 534,127 | 13,273,804 |
| Atlas Copco AB (A Shares) | | 1,746,100 | 32,785,222 |
| Autoliv, Inc. | | 67,300 | 7,200,427 |
| Evolution AB (d) | | 73,600 | 7,666,233 |
| Haypp Group (a) | | 353,000 | 2,364,657 |
| Hemnet Group AB | | 99,480 | 3,005,330 |
| Indutrade AB | | 1,082,743 | 27,745,353 |
| Kry International AB (a)(c)(e) | | 527 | 10,041 |
| Swedish Logistic Property AB (a) | | 340,417 | 1,079,159 |
TOTAL SWEDEN | | | 95,130,226 |
| Switzerland - 4.2% | | | |
| Alcon, Inc. (Switzerland) | | 522,730 | 46,673,049 |
| Compagnie Financiere Richemont SA Series A | | 294,160 | 45,972,195 |
| Galderma Group AG | | 409,510 | 33,710,679 |
| Partners Group Holding AG | | 25,000 | 32,110,858 |
| Sika AG | | 142,244 | 40,720,304 |
| UBS Group AG | | 891,250 | 26,238,035 |
TOTAL SWITZERLAND | | | 225,425,120 |
| Taiwan - 0.6% | | | |
| Taiwan Semiconductor Manufacturing Co. Ltd. | | 1,154,000 | 34,119,288 |
| Tanzania - 0.0% | | | |
| Helios Towers PLC (a) | | 1,479,590 | 2,177,087 |
| United Kingdom - 15.0% | | | |
| 3i Group PLC | | 1,697,232 | 65,412,869 |
| AstraZeneca PLC (United Kingdom) | | 768,300 | 119,572,879 |
| B&M European Value Retail SA | | 837,076 | 4,626,222 |
| BAE Systems PLC | | 2,134,100 | 35,546,933 |
| Beazley PLC | | 625,741 | 5,600,274 |
| Big Yellow Group PLC | | 167,077 | 2,479,512 |
| Compass Group PLC | | 2,409,545 | 65,644,041 |
| Cranswick PLC | | 95,218 | 5,350,228 |
| Deliveroo PLC Class A (a)(d) | | 4,013,400 | 6,641,001 |
| Diageo PLC | | 1,138,271 | 35,734,890 |
| Diploma PLC | | 183,468 | 9,620,120 |
| Games Workshop Group PLC | | 27,145 | 3,661,303 |
| Grainger Trust PLC | | 495,411 | 1,524,916 |
| Halma PLC | | 624,600 | 21,365,409 |
| Hiscox Ltd. | | 1,034,537 | 15,039,219 |
| Indivior PLC (a) | | 547,533 | 8,582,492 |
| Informa PLC | | 543,170 | 5,876,104 |
| InterContinental Hotel Group PLC | | 261,230 | 27,449,108 |
| JD Sports Fashion PLC | | 3,513,000 | 5,306,736 |
| Jet2 PLC | | 1,072,500 | 17,746,731 |
| John Wood Group PLC (a) | | 5,496,900 | 14,328,078 |
| Lancashire Holdings Ltd. | | 1,794,400 | 13,927,368 |
| Lloyds Banking Group PLC | | 52,761,800 | 36,390,646 |
| London Stock Exchange Group PLC | | 551,970 | 65,451,711 |
| National Grid PLC | | 1,002,286 | 11,191,666 |
| Premier Foods PLC | | 1,813,300 | 3,640,002 |
| Raspberry Pi Ltd. | | 640,300 | 3,241,660 |
| RELX PLC (London Stock Exchange) | | 2,002,665 | 91,759,891 |
| Rightmove PLC | | 429,420 | 2,914,996 |
| Rolls-Royce Holdings PLC (a) | | 5,396,000 | 30,990,524 |
| RS GROUP PLC | | 2,345,077 | 20,780,527 |
| Sage Group PLC | | 1,670,200 | 22,981,498 |
| SSE PLC | | 331,780 | 7,492,784 |
| Supreme PLC | | 1,171,800 | 2,451,506 |
| Unilever PLC (Netherlands) | | 273,428 | 15,016,205 |
| Zegona Communications PLC (a) | | 932,400 | 3,111,628 |
TOTAL UNITED KINGDOM | | | 808,451,677 |
| United States of America - 9.0% | | | |
| Airbnb, Inc. Class A (a) | | 10,000 | 1,516,300 |
| Brookfield Renewable Corp. | | 63,650 | 1,803,351 |
| CDW Corp. | | 82,700 | 18,511,568 |
| Cheniere Energy, Inc. | | 10,360 | 1,811,239 |
| Experian PLC | | 672,200 | 31,320,975 |
| Ferguson PLC | | 172,900 | 33,298,056 |
| GFL Environmental, Inc. | | 147,250 | 5,734,790 |
| GSK PLC | | 948,600 | 18,245,580 |
| Holcim AG | | 279,620 | 24,716,190 |
| ICON PLC (a) | | 79,200 | 24,826,824 |
| Linde PLC | | 128,612 | 56,436,232 |
| Marsh & McLennan Companies, Inc. | | 214,900 | 45,283,728 |
| Micron Technology, Inc. | | 28,400 | 3,735,452 |
| Nestle SA (Reg. S) | | 315,798 | 32,234,856 |
| NextEra Energy, Inc. | | 34,130 | 2,416,745 |
| NRG Energy, Inc. | | 19,700 | 1,533,842 |
| Philip Morris International, Inc. | | 72,500 | 7,346,425 |
| Roche Holding AG (participation certificate) | | 43,980 | 12,185,047 |
| S&P Global, Inc. | | 86,066 | 38,385,436 |
| Sanofi SA | | 33,955 | 3,274,725 |
| Schneider Electric SA | | 174,250 | 41,775,683 |
| Shell PLC (London) | | 1,499,462 | 53,782,707 |
| The AES Corp. | | 92,260 | 1,621,008 |
| Thermo Fisher Scientific, Inc. | | 34,700 | 19,189,100 |
| Vistra Corp. | | 17,210 | 1,479,716 |
| Waste Connections, Inc. (United States) | | 20,570 | 3,607,155 |
TOTAL UNITED STATES OF AMERICA | | | 486,072,730 |
| Zambia - 0.1% | | | |
| First Quantum Minerals Ltd. | | 516,600 | 6,785,791 |
| TOTAL COMMON STOCKS (Cost $3,849,352,990) | | | 5,311,053,828 |
| | | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
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.
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 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)
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.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.
