Fidelity Advisor Emerging Asia Fund Class C NCSR Certified annual shareholder report (management investment company)

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This report and the financial statements contained herein are submitted for the general information of the shareholders of the Fund. This report is not authorized for distribution to prospective investors in the Fund unless preceded or accompanied by an effective prospectus.

A fund files its complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Form N-PORT. Forms N-PORT are available on the SEC's web site at http://www.sec.gov. A fund's Forms N-PORT may be reviewed and copied at the SEC's Public Reference Room in Washington, DC. Information regarding the operation of the SEC's Public Reference Room may be obtained by calling 1-800-SEC-0330.

For a complete list of a fund's portfolio holdings, view the most recent holdings listing, semiannual report, or annual report on Fidelity's web site at http://www.fidelity.com, http://www.institutional.fidelity.com, or http://www.401k.com, as applicable.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average annual total return reflects the change in the value of an investment, assuming reinvestment of distributions from dividend income and capital gains (the profits earned upon the sale of securities that have grown in value, if any) and assuming a constant rate of performance each year. The hypothetical investment and the average annual total returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. During periods of reimbursement by Fidelity, a fund's total return will be greater than it would be had the reimbursement not occurred. How a fund did yesterday is no guarantee of how it will do tomorrow.

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-35.14%	0.94%	6.12%
Class M (incl.3.50% sales charge)	-33.79%	1.16%	6.09%
Class C (incl. contingent deferred sales charge)	-32.35%	1.38%	6.11%
Class I	-31.01%	2.42%	7.02%
Class Z	-30.93%	2.54%	7.10%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

The initial offering of Class Z shares took place on February 1, 2017. Returns prior to February 1, 2017, are those of Class I.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® International Capital Appreciation Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

International equities returned -24.61% for the 12 months ending October 31, 2022, according to the MSCI ACWI (All Country World Index) ex USA Index. After gaining 7.98% in 2021, non-U.S. stocks retreated in the new year, as a multitude of risk factors challenged the global economy and financial markets. Persistently high inflation in some markets, exacerbated by energy price shocks from the Russia-Ukraine conflict, spurred the U.S. Federal Reserve and other central banks to aggressively tighten monetary policy, and market interest rates eclipsed their highest level in roughly a decade, stoking recession fears and sending stocks into bear market territory. Other factors influencing equities abroad included surging global commodity prices, rising sovereign bond yields in some markets, ongoing global supply-chain disruption, a broadly strong U.S. dollar and the potential for variants of the coronavirus to upend global economic growth. Against this backdrop, the index returned -24.20% year to date through October. For the full 12 months, emerging markets (-31%) and Europe ex U.K. (-25%) notably lagged. Conversely, Canada (-13%) and the U.K. (-12%) held up best. Among the 11 sectors, information technology and consumer discretionary (-37% each) fared worst. Communication services (-34%) also trailed the broader market. In contrast, energy gained 2% amid high prices for oil and natural gas. The defensive-oriented utilities (-16%) sector also outperformed, as did financials and consumer staples (-18% each).

Comments from Portfolio Manager Sammy Simnegar:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned about -32% to -31%, notably trailing the -24.61% result of the benchmark MSCI All Country World ex USA Index. By region, security selection in Europe ex U.K. - notably, France and Switzerland - the U.K. and Japan hurt the fund's relative result most this period. By sector, the largest detractors from performance versus the benchmark were an overweighting and picks in information technology, primarily within the semiconductors & semiconductor equipment industry. Investment choices and an underweighting in financials, along with smaller-than-benchmark exposure to energy stocks, hampered the portfolio's relative result as well. The fund's biggest individual relative detractor was an outsized stake in Kingspan Group, which returned -56% the past 12 months. Also weighing on performance was our overweighting in Recruit Holdings, which returned about -48%. An outsized stake in Evolution, which returned roughly -45% and was no longer held at period end, also hurt. In contrast, a large underweighting in emerging markets, especially China, and an overweighting in Europe ex U.K., specifically France, contributed most to the fund's relative return. By sector, the top contributors to performance versus the benchmark were an underweighting and stock picks in consumer discretionary. Smaller-than-benchmark exposure to communication services companies, primarily in the media & entertainment industry, helped as well. Further lifting the portfolio's relative performance was an overweighting in health care, particularly within the pharmaceuticals, biotechnology & life sciences industry. Lastly, the fund's position in cash was a notable contributor. Not owning Alibaba Group Holding, a benchmark component that returned about -63%, was the largest individual relative contributor the past 12 months. Our second-largest relative contributor was avoiding Tencent Holdings, a benchmark component that returned -56%. The portfolio's outsized stake in Wolters Kluwer (+3%) also proved beneficial. Notable changes in positioning include a higher allocation to the U.K. and Switzerland. By sector, meaningful shifts include greater exposure to health care and consumer discretionary firms.

The views expressed above reflect those of the portfolio manager(s) only through the end of the period as stated on the cover of this report and do not necessarily represent the views of Fidelity or any other person in the Fidelity organization. Any such views are subject to change at any time based upon market or other conditions and Fidelity disclaims any responsibility to update such views. These views may not be relied on as investment advice and, because investment decisions for a Fidelity fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Fidelity fund.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Nestle SA (Reg. S) (Switzerland, Food Products)	3.0
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	2.7
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	2.7
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	2.6
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals)	2.5
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	2.5
Keyence Corp. (Japan, Electronic Equipment & Components)	2.2
L'Oreal SA (France, Personal Products)	2.2
Canadian Pacific Railway Ltd. (Canada, Road & Rail)	2.2
Hermes International SCA (France, Textiles, Apparel & Luxury Goods)	2.0
	24.6

Market Sectors (% of Fund's net assets)

Information Technology	28.8
Industrials	21.0
Health Care	14.5
Consumer Discretionary	11.7
Financials	10.5
Consumer Staples	7.2
Materials	5.3

Asset Allocation (% of Fund's net assets)

Foreign investments - 84.3%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 99.0%
	Shares	Value ($)
Canada - 9.2%
Canadian National Railway Co.	762,008	90,276,428
Canadian Pacific Railway Ltd.	1,352,437	100,821,009
Constellation Software, Inc.	59,400	85,889,431
Thomson Reuters Corp.	801,022	85,191,087
Waste Connections, Inc. (Canada) (a)	543,280	71,704,905
TOTAL CANADA		433,882,860
Denmark - 4.3%
DSV A/S	634,358	85,879,930
Novo Nordisk A/S Series B	1,079,884	117,417,149
TOTAL DENMARK		203,297,079
France - 15.0%
Capgemini SA	486,000	79,650,953
Dassault Systemes SA	2,384,331	79,919,861
Hermes International SCA	74,832	96,915,045
Kering SA	166,800	76,387,948
L'Oreal SA	326,269	102,449,899
LVMH Moet Hennessy Louis Vuitton SE	204,948	129,321,142
Sartorius Stedim Biotech	232,937	73,940,237
Teleperformance	275,640	73,902,454
TOTAL FRANCE		712,487,539
Germany - 1.5%
Nemetschek SE (a)	1,503,950	71,876,433
India - 3.7%
HDFC Bank Ltd. (b)	5,012,632	90,968,788
Infosys Ltd. sponsored ADR	4,463,100	83,593,863
TOTAL INDIA		174,562,651
Ireland - 4.9%
Accenture PLC Class A	276,089	78,381,667
Kingspan Group PLC (Ireland)	1,441,265	72,783,270
Linde PLC	274,475	81,615,141
TOTAL IRELAND		232,780,078
Japan - 6.9%
Hoya Corp.	875,197	81,666,219
Keyence Corp.	270,776	102,559,631
Recruit Holdings Co. Ltd.	2,314,300	71,213,717
Tokyo Electron Ltd.	272,084	71,584,380
TOTAL JAPAN		327,023,947
Luxembourg - 1.5%
Eurofins Scientific SA	1,131,209	72,418,683
Netherlands - 7.7%
ASM International NV (Netherlands)	307,407	68,293,109
ASML Holding NV (Netherlands)	260,707	122,294,307
Ferrari NV (Italy)	451,200	88,956,731
Wolters Kluwer NV	826,802	87,877,715
TOTAL NETHERLANDS		367,421,862
Sweden - 3.6%
Atlas Copco AB (A Shares)	8,628,443	92,093,561
Hexagon AB (B Shares)	7,955,891	78,651,114
TOTAL SWEDEN		170,744,675
Switzerland - 10.2%
Compagnie Financiere Richemont SA Series A	869,200	84,950,008
Givaudan SA	25,886	77,294,792
Nestle SA (Reg. S)	1,320,860	143,787,235
Partners Group Holding AG	96,654	86,813,410
Sika AG	409,747	92,388,044
TOTAL SWITZERLAND		485,233,489
Taiwan - 2.7%
Taiwan Semiconductor Manufacturing Co. Ltd.	10,619,000	127,539,160
United Kingdom - 13.1%
AstraZeneca PLC (United Kingdom)	997,600	117,050,595
Compass Group PLC	3,898,000	82,099,000
Diageo PLC	2,262,810	93,120,324
Halma PLC	3,131,900	75,963,671
London Stock Exchange Group PLC	944,100	81,836,521
RELX PLC (London Stock Exchange)	3,121,456	83,843,852
Rentokil Initial PLC	13,636,485	85,093,175
TOTAL UNITED KINGDOM		619,007,138
United States of America - 14.7%
Danaher Corp.	304,167	76,549,709
Marsh & McLennan Companies, Inc.	522,877	84,439,407
Moody's Corp.	299,334	79,284,597
NICE Ltd. sponsored ADR (b)	415,923	78,979,618
NVIDIA Corp.	554,568	74,850,043
S&P Global, Inc.	239,480	76,932,950
Thermo Fisher Scientific, Inc.	150,842	77,528,263
Visa, Inc. Class A	364,360	75,480,818
Zoetis, Inc. Class A	486,463	73,348,891
TOTAL UNITED STATES OF AMERICA		697,394,296
TOTAL COMMON STOCKS (Cost $4,434,420,126)		4,695,669,890

Money Market Funds - 0.9%
	Shares	Value ($)
Fidelity Cash Central Fund 3.10% (c)	28,488,889	28,494,587
Fidelity Securities Lending Cash Central Fund 3.10% (c)(d)	16,570,909	16,572,566
TOTAL MONEY MARKET FUNDS (Cost $45,067,153)		45,067,153

TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $4,479,487,279)	4,740,737,043
NET OTHER ASSETS (LIABILITIES) - 0.1%	4,514,674
NET ASSETS - 100.0%	4,745,251,717

Categorizations in the 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)

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, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request.

(d)	Investment made with cash collateral received from securities on loan.

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 3.10%	166,389,556	2,597,464,181	2,735,359,150	329,115	-	-	28,494,587	0.1%
Fidelity Securities Lending Cash Central Fund 3.10%	176,107,850	736,743,740	896,279,024	251,343	-	-	16,572,566	0.0%
Total	342,497,406	3,334,207,921	3,631,638,174	580,458	-	-	45,067,153

Amounts in the income column in the above table include any capital gain distributions from underlying funds, which are presented in the corresponding line item in the Statement of Operations, if applicable.

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

The following is a summary of the inputs used, as of October 31, 2022, involving the Fund's assets and liabilities carried at fair value. The inputs or methodology used for valuing securities may not be an indication of the risk associated with investing in those securities. For more information on valuation inputs, and their aggregation into the levels used below, please refer to the Investment Valuation section in the accompanying Notes to Financial Statements.

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Consumer Discretionary	558,629,874	185,871,776	372,758,098	-
Consumer Staples	339,357,458	-	339,357,458	-
Financials	500,275,673	327,470,364	172,805,309	-
Health Care	689,919,746	455,452,002	234,467,744	-
Industrials	1,000,681,103	668,436,798	332,244,305	-
Information Technology	1,355,508,059	795,868,284	559,639,775	-
Materials	251,297,977	158,909,933	92,388,044	-

Money Market Funds	45,067,153	45,067,153	-	-
Total Investments in Securities:	4,740,737,043	2,637,076,310	2,103,660,733	-

Financial Statements

Statement of Assets and Liabilities
			October 31, 2022

Assets
Investment in securities, at value (including securities loaned of $15,342,250) - See accompanying schedule:
Unaffiliated issuers (cost $4,434,420,126)	$4,695,669,890
Fidelity Central Funds (cost $45,067,153)	45,067,153

Total Investment in Securities (cost $4,479,487,279)		$	4,740,737,043
Foreign currency held at value (cost $1,042,881)			1,040,369
Receivable for investments sold			15,403,585
Receivable for fund shares sold			4,784,178
Dividends receivable			3,601,278
Reclaims receivable			7,863,345
Distributions receivable from Fidelity Central Funds			96,021
Prepaid expenses			8,702
Other receivables			1,949,690
Total assets			4,775,484,211
Liabilities
Payable for investments purchased	$1,108,072
Payable for fund shares redeemed	6,828,434
Accrued management fee	3,257,961
Distribution and service plan fees payable	213,571
Other affiliated payables	749,179
Other payables and accrued expenses	1,502,711
Collateral on securities loaned	16,572,566
Total Liabilities			30,232,494
Net Assets		$	4,745,251,717
Net Assets consist of:
Paid in capital		$	5,214,541,491
Total accumulated earnings (loss)			(469,289,774)
Net Assets		$	4,745,251,717

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($400,111,893 ÷ 19,682,499 shares) (a)		$	20.33
Maximum offering price per share (100/94.25 of $20.33)		$	21.57
Class M :
Net Asset Value and redemption price per share ($126,231,693 ÷ 6,403,720 shares) (a)		$	19.71
Maximum offering price per share (100/96.50 of $19.71)		$	20.42
Class C :
Net Asset Value and offering price per share ($97,123,810 ÷ 5,573,308 shares) (a)		$	17.43
Class I :
Net Asset Value , offering price and redemption price per share ($3,228,604,079 ÷ 147,764,099 shares)		$	21.85
Class Z :
Net Asset Value , offering price and redemption price per share ($893,180,242 ÷ 40,781,197 shares)		$	21.90
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations
				Year ended October 31, 2022
Investment Income
Dividends			$	80,509,649
Foreign Tax Reclaims				4,551,169
Income from Fidelity Central Funds (including $251,343 from security lending)				580,458
Income before foreign taxes withheld				85,641,276
Less foreign taxes withheld				(13,720,805)
Total Income				71,920,471
Expenses
Management fee
Basic fee	$	46,115,650
Performance adjustment		6,390,260
Transfer agent fees		9,671,548
Distribution and service plan fees		3,312,806
Accounting fees		1,611,235
Custodian fees and expenses		607,879
Independent trustees' fees and expenses		24,256
Registration fees		210,435
Audit		102,184
Legal		10,516
Interest		148,206
Miscellaneous		32,279
Total expenses before reductions		68,237,254
Expense reductions		(224,761)
Total expenses after reductions				68,012,493
Net Investment income (loss)				3,907,978
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers(net of foreign taxes of $3,310,289)		(697,831,711)
Redemptions in-kind with affiliated entities		22,462,483
Foreign currency transactions		(707,057)
Total net realized gain (loss)				(676,076,285)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $8,902,283)		(1,991,848,785)
Assets and liabilities in foreign currencies		(1,134,099)
Total change in net unrealized appreciation (depreciation)				(1,992,982,884)
Net gain (loss)				(2,669,059,169)
Net increase (decrease) in net assets resulting from operations			$	(2,665,151,191)

Statement of Changes in Net Assets

		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	3,907,978	$	(4,831,235)
Net realized gain (loss)		(676,076,285)		456,312,335
Change in net unrealized appreciation (depreciation)		(1,992,982,884)		1,278,751,211
Net increase (decrease) in net assets resulting from operations		(2,665,151,191)		1,730,232,311
Distributions to shareholders		(331,230,760)		(7,793,676)
Share transactions - net increase (decrease)		(1,186,280,809)		1,540,342,078
Total increase (decrease) in net assets		(4,182,662,760)		3,262,780,713

Net Assets
Beginning of period		8,927,914,477		5,665,133,764
End of period	$	4,745,251,717	$	8,927,914,477

Financial Highlights

Fidelity Advisor® International Capital Appreciation Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	30.72	$	24.14	$	21.45	$	17.63	$	19.14
Income from Investment Operations
Net investment income (loss) A,B		(.04)		(.09)		- C		.11 D		.07
Net realized and unrealized gain (loss)		(9.21)		6.67		2.77		3.75		(1.57)
Total from investment operations		(9.25)		6.58		2.77		3.86		(1.50)
Distributions from net investment income		-		-		(.08)		(.04)		(.01)
Distributions from net realized gain		(1.14)		-		-		-		-
Total distributions		(1.14)		-		(.08)		(.04)		(.01)
Net asset value, end of period	$	20.33	$	30.72	$	24.14	$	21.45	$	17.63
Total Return E,F		(31.18)%		27.26%		12.97%		21.93%		(7.85)%
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.24%		1.23%		1.28%		1.27%		1.29%
Expenses net of fee waivers, if any		1.24%		1.23%		1.28%		1.27%		1.29%
Expenses net of all reductions		1.24%		1.23%		1.24%		1.25%		1.23%
Net investment income (loss)		(.18)%		(.30)%		(.01)%		.57% D		.35%
Supplemental Data
Net assets, end of period (000 omitted)	$	400,112	$	592,640	$	382,795	$	278,326	$	190,278
Portfolio turnover rate I		110% J		128%		121%		133%		151%

A Calculated based on average shares outstanding during the period.

B Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

C Amount represents less than $.005 per share.

D Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.08 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been .15%.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

G Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

H Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

J Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	29.82	$	23.49	$	20.89	$	17.17	$	18.68
Income from Investment Operations
Net investment income (loss) A,B		(.10)		(.15)		(.06)		.06 C		.02
Net realized and unrealized gain (loss)		(8.95)		6.48		2.70		3.66		(1.53)
Total from investment operations		(9.05)		6.33		2.64		3.72		(1.51)
Distributions from net investment income		-		-		(.04)		-		-
Distributions from net realized gain		(1.06)		-		-		-		-
Total distributions		(1.06)		-		(.04)		-		-
Net asset value, end of period	$	19.71	$	29.82	$	23.49	$	20.89	$	17.17
Total Return D,E		(31.39)%		26.95%		12.67%		21.67%		(8.08)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.49%		1.49%		1.53%		1.53%		1.55%
Expenses net of fee waivers, if any		1.49%		1.48%		1.53%		1.53%		1.55%
Expenses net of all reductions		1.49%		1.48%		1.49%		1.51%		1.49%
Net investment income (loss)		(.43)%		(.55)%		(.26)%		.31% C		.10%
Supplemental Data
Net assets, end of period (000 omitted)	$	126,232	$	191,997	$	143,072	$	127,176	$	87,750
Portfolio turnover rate H		110% I		128%		121%		133%		151%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.08 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.11)%.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Total returns do not include the effect of the sales charges.

F Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

G Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	26.58	$	21.04	$	18.77	$	15.51	$	16.95
Income from Investment Operations
Net investment income (loss) A,B		(.20)		(.26)		(.15)		(.03) C		(.07)
Net realized and unrealized gain (loss)		(7.92)		5.80		2.42		3.29		(1.37)
Total from investment operations		(8.12)		5.54		2.27		3.26		(1.44)
Distributions from net realized gain		(1.03)		-		-		-		-
Total distributions		(1.03)		-		-		-		-
Net asset value, end of period	$	17.43	$	26.58	$	21.04	$	18.77	$	15.51
Total Return D,E		(31.70)%		26.33%		12.09%		21.02%		(8.50)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.99%		1.98%		2.02%		2.02%		2.04%
Expenses net of fee waivers, if any		1.99%		1.98%		2.02%		2.01%		2.04%
Expenses net of all reductions		1.99%		1.98%		1.99%		2.00%		1.99%
Net investment income (loss)		(.93)%		(1.05)%		(.75)%		(.17)% C		(.40)%
Supplemental Data
Net assets, end of period (000 omitted)	$	97,124	$	169,018	$	125,630	$	112,150	$	107,858
Portfolio turnover rate H		110% I		128%		121%		133%		151%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.07 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.60)%.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Total returns do not include the effect of the contingent deferred sales charge.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	32.92	$	25.83	$	22.93	$	18.85	$	20.44
Income from Investment Operations
Net investment income (loss) A,B		.02		(.01)		.06		.18 C		.13
Net realized and unrealized gain (loss)		(9.88)		7.13		2.97		4.00		(1.68)
Total from investment operations		(9.86)		7.12		3.03		4.18		(1.55)
Distributions from net investment income		-		(.03)		(.13)		(.10)		(.04)
Distributions from net realized gain		(1.21)		-		-		-		-
Total distributions		(1.21)		(.03)		(.13)		(.10)		(.04)
Net asset value, end of period	$	21.85	$	32.92	$	25.83	$	22.93	$	18.85
Total Return D		(31.01)%		27.60%		13.28%		22.29%		(7.58)%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.98%		.97%		1.01%		.99%		1.02%
Expenses net of fee waivers, if any		.97%		.97%		1.01%		.99%		1.02%
Expenses net of all reductions		.97%		.97%		.97%		.98%		.96%
Net investment income (loss)		.08%		(.04)%		.26%		.85% C		.63%
Supplemental Data
Net assets, end of period (000 omitted)	$	3,228,604	$	6,128,293	$	3,883,309	$	2,020,956	$	1,115,089
Portfolio turnover rate G		110% H		128%		121%		133%		151%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.09 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been .43%.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

F Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

H Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class Z

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	32.99	$	25.88	$	22.96	$	18.88	$	20.46
Income from Investment Operations
Net investment income (loss) A,B		.06		.03		.09		.21 C		.16
Net realized and unrealized gain (loss)		(9.91)		7.14		2.98		3.99		(1.68)
Total from investment operations		(9.85)		7.17		3.07		4.20		(1.52)
Distributions from net investment income		-		(.06)		(.15)		(.12)		(.06)
Distributions from net realized gain		(1.24)		-		-		-		-
Total distributions		(1.24)		(.06)		(.15)		(.12)		(.06)
Net asset value, end of period	$	21.90	$	32.99	$	25.88	$	22.96	$	18.88
Total Return D		(30.93)%		27.73%		13.45%		22.41%		(7.46)%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.85%		.85%		.88%		.87%		.89%
Expenses net of fee waivers, if any		.85%		.85%		.88%		.87%		.89%
Expenses net of all reductions		.85%		.85%		.84%		.85%		.83%
Net investment income (loss)		.21%		.09%		.39%		.97% C		.76%
Supplemental Data
Net assets, end of period (000 omitted)	$	893,180	$	1,845,967	$	1,130,329	$	403,241	$	153,913
Portfolio turnover rate G		110% H		128%		121%		133%		151%

A Calculated based on average shares outstanding during the period.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

H Portfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2022

1. Organization.

Fidelity Advisor International Capital Appreciation Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

2. Investments in Fidelity Central Funds.

Funds may invest in Fidelity Central Funds, which are open-end investment companies generally available only to other investment companies and accounts managed by the investment adviser and its affiliates. The Schedule of Investments lists any Fidelity Central Funds held as an investment as of period end, but does not include the underlying holdings of each Fidelity Central Fund. An investing fund indirectly bears its proportionate share of the expenses of the underlying Fidelity Central Funds.

Based on its investment objective, each Fidelity Central Fund may invest or participate in various investment vehicles or strategies that are similar to those of the investing fund. These strategies are consistent with the investment objectives of the investing fund and may involve certain economic risks which may cause a decline in value of each of the Fidelity Central Funds and thus a decline in the value of the investing fund.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

A complete unaudited list of holdings for each Fidelity Central Fund is available upon request or at the Securities and Exchange Commission website at www.sec.gov. In addition, the financial statements of the Fidelity Central Funds which contain the significant accounting policies (including investment valuation policies) of those funds, and are not covered by the Report of Independent Registered Public Accounting Firm, are available on the Securities and Exchange Commission website or upon request.

3. Significant Accounting Policies.

The Fund is an investment company and applies the accounting and reporting guidance of the Financial Accounting Standards Board (FASB) Accounting Standards Codification Topic 946 Financial Services - Investment Companies . The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP), which require management to make certain estimates and assumptions at the date of the financial statements. Actual results could differ from those estimates. Subsequent events, if any, through the date that the financial statements were issued have been evaluated in the preparation of the financial statements. The Fund's Schedule of Investments lists any underlying mutual funds or exchange-traded funds (ETFs) but does not include the underlying holdings of these funds. The following summarizes the significant accounting policies of the Fund:

Investment Valuation. Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. The Board of Trustees (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 Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central 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. The aggregate value of investments by input level as of October 31, 2022 is included at the end of the Fund's Schedule of Investments.

Foreign Currency. Certain Funds may use foreign currency contracts to facilitate transactions in foreign-denominated securities. Gains and losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

The effects of exchange rate fluctuations on investments are included with the net realized and unrealized gain (loss) on investment securities. Other foreign currency transactions resulting in realized and unrealized gain (loss) are disclosed separately.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign tax reclaims. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.

Class Allocations and Expenses. Investment income, realized and unrealized capital gains and losses, common expenses of a fund, and certain fund-level expense reductions, if any, are allocated daily on a pro-rata basis to each class based on the relative net assets of each class to the total net assets of a fund. Each class differs with respect to transfer agent and distribution and service plan fees incurred, as applicable. Certain expense reductions may also differ by class, if applicable. For the reporting period, the allocated portion of income and expenses to each class as a percent of its average net assets may vary due to the timing of recording these transactions in relation to fluctuating net assets of the classes. Expenses directly attributable to a fund are charged to that fund. Expenses attributable to more than one fund are allocated among the respective funds on the basis of relative net assets or other appropriate methods. Expenses included in the accompanying financial statements reflect the expenses of that fund and do not include any expenses associated with any underlying mutual funds or exchange-traded funds. Although not included in a fund's expenses, a fund indirectly bears its proportionate share of these expenses through the net asset value of each underlying mutual fund or exchange-traded fund. Expense estimates are accrued in the period to which they relate and adjustments are made when actual amounts are known.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2022, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Other payables and accrued expenses on the Statement of Assets & Liabilities.

Capital accounts within the financial statements are adjusted for permanent book-tax differences. These adjustments have no impact on net assets or the results of operations. Capital accounts are not adjusted for temporary book-tax differences which will reverse in a subsequent period.

Book-tax differences are primarily due to foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), redemptions in-kind, net operating losses, capital loss carryforwards, and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$610,858,279
Gross unrealized depreciation	(402,660,584)
Net unrealized appreciation (depreciation)	$208,197,695
Tax Cost	$4,532,539,348

The tax-based components of distributable earnings as of period end were as follows:

Capital loss carryforward	$(675,038,045)
Net unrealized appreciation (depreciation) on securities and other investments	$207,043,665

Capital loss carryforwards are only available to offset future capital gains of the Fund to the extent provided by regulations and may be limited. The capital loss carryforward information presented below, including any applicable limitation, is estimated as of fiscal period end and is subject to adjustment.

Short-term	$(675,038,045)
Total capital loss carryforward	$(675,038,045)

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Ordinary Income	$48,714,667	$7,793,676
Long-term Capital Gains	282,516,093	-
Total	$331,230,760	$7,793,676

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor International Capital Appreciation Fund	7,487,622,390	8,838,384,649

Unaffiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below. The net realized gain or loss on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.

	Shares	Total net realized gain or loss ($)	Total Proceeds ($)	Participating classes
Fidelity Advisor International Capital Appreciation Fund	3,284,668	22,971,788	77,879,471	Class Z

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is the sum of an individual fund fee rate that is based on an annual rate of .45% of the Fund's average net assets and an annualized group fee rate that averaged .23% during the period. The group fee rate is based upon the monthly average net assets of a group of registered investment companies with which the investment adviser has management contracts. The group fee rate decreases as assets under management increase and increases as assets under management decrease. In addition, the management fee is subject to a performance adjustment (up to a maximum of +/- .20% of the Fund's average net assets over a 36 month performance period). The upward or downward adjustment to the management fee is based on the relative investment performance of Class I as compared to its benchmark index, the MSCI All Country World ex USA Index, over the same 36 month performance period. For the reporting period, the total annual management fee rate, including the performance adjustment, was .77% of the Fund's average net assets. The performance adjustment included in the management fee rate may be higher or lower than the maximum performance adjustment rate due to the difference between the average net assets for the reporting and performance periods.

Distribution and Service Plan Fees. In accordance with Rule 12b-1 of the 1940 Act, the Fund has adopted separate Distribution and Service Plans for each class of shares. Certain classes pay Fidelity Distributors Company LLC (FDC), an affiliate of the investment adviser, separate Distribution and Service Fees, each of which is based on an annual percentage of each class' average net assets. In addition, FDC may pay financial intermediaries for selling shares of the Fund and providing shareholder support services. For the period, the Distribution and Service Fee rates, total fees and amounts retained by FDC were as follows:

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$1,238,359	$55,947
Class M	.25%	.25%	770,278	564
Class C	.75%	.25%	1,304,169	177,720
			$3,312,806	$234,231

Sales Load. FDC may receive a front-end sales charge of up to 5.75% for selling Class A shares and 3.50% for selling Class M shares, some of which is paid to financial intermediaries for selling shares of the Fund. Depending on the holding period, FDC may receive contingent deferred sales charges levied on Class A, Class M and Class C redemptions. The deferred sales charges are 1.00% for Class C shares, 1.00% for certain purchases of Class A shares and .25% for certain purchases of Class M shares.

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$154,592
Class M	9,663
Class C A	819
	$165,074

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company LLC (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Fund. FIIOC receives account fees and asset-based fees that vary according to the account size and type of account of the shareholders of the respective classes of the Fund, except for Class Z. FIIOC receives an asset-based fee of Class Z's average net assets. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$888,110	.18
Class M	279,411	.18
Class C	232,649	.18
Class I	7,715,907	.16
Class Z	555,471	.04
	$9,671,548

Accounting Fees. Fidelity Service Company, Inc. (FSC), an affiliate of the investment adviser, maintains the Fund's accounting records. The accounting fee is based on the level of average net assets for each month. For the period, the fees were equivalent to the following annual rates:

	% of Average Net Assets
Fidelity Advisor International Capital Appreciation Fund	.02

Brokerage Commissions. A portion of portfolio transactions were placed with brokerage firms which are affiliates of the investment adviser. Brokerage commissions are included in net realized gain (loss) and change in net unrealized appreciation (depreciation) in the Statement of Operations. The commissions paid to these affiliated firms were as follows:

	Amount
Fidelity Advisor International Capital Appreciation Fund	$19,160

Interfund Lending Program. Pursuant to an Exemptive Order issued by the Securities and Exchange Commission (the SEC), the Fund, along with other registered investment companies having management contracts with Fidelity Management & Research Company LLC (FMR), or other affiliated entities of FMR, may participate in an interfund lending program. This program provides an alternative credit facility allowing the Fund to borrow from, or lend money to, other participating affiliated funds. At period end, there were no interfund loans outstanding. Activity in this program during the period for which loans were outstanding was as follows:

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor International Capital Appreciation Fund	Borrower	$36,523,921	1.37%	$140,620

Interfund Trades. Funds may purchase from or sell securities to other Fidelity Funds under procedures adopted by the Board. The procedures have been designed to ensure these interfund trades are executed in accordance with Rule 17a-7 of the 1940 Act. Any interfund trades are included within the respective purchases and sales amounts shown in the Purchases and Sales of Investments note. Interfund trades during the period are noted in the table below.

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor International Capital Appreciation Fund	624,256,809	536,091,048	(39,369,023)

Affiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below. The net realized gain or loss on investments delivered through in-kind redemptions is included in the accompanying Statement of Operations. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.

	Shares	Total net realized gain or loss ($)	Total Proceeds ($)	Participating classes
Fidelity Advisor International Capital Appreciation Fund	2,686,511	22,462,483	71,085,075	Class Z

6. Committed Line of Credit.

Certain Funds participate with other funds managed by the investment adviser or an affiliate in a $4.25 billion credit facility (the "line of credit") to be utilized for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity purposes. The participating funds have agreed to pay commitment fees on their pro-rata portion of the line of credit, which are reflected in Miscellaneous expenses on the Statement of Operations, and are listed below. During the period, there were no borrowings on this line of credit.

	Amount
Fidelity Advisor International Capital Appreciation Fund	$12,205

7. Security Lending.

Funds lend portfolio securities from time to time in order to earn additional income. Lending agents are used, including National Financial Services (NFS), an affiliate of the investment adviser. Pursuant to a securities lending agreement, NFS will receive a fee, which is capped at 9.9% of a fund's daily lending revenue, for its services as lending agent. A fund may lend securities to certain qualified borrowers, including NFS. On the settlement date of the loan, a fund receives collateral (in the form of U.S. Treasury obligations, letters of credit and/or cash) against the loaned securities and maintains collateral in an amount not less than 100% of the market value of the loaned securities during the period of the loan. The market value of the loaned securities is determined at the close of business of a fund and any additional required collateral is delivered to a fund on the next business day. A fund or borrower may terminate the loan at any time, and if the borrower defaults on its obligation to return the securities loaned because of insolvency or other reasons, a fund may apply collateral received from the borrower against the obligation. A fund may experience delays and costs in recovering the securities loaned. Any cash collateral received is invested in the Fidelity Securities Lending Cash Central Fund. Any loaned securities are identified as such in the Schedule of Investments, and the value of loaned securities and cash collateral at period end, as applicable, are presented in the Statement of Assets and Liabilities. Security lending income 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. Security lending income is presented in the Statement of Operations as a component of income from Fidelity Central Funds. Affiliated security lending activity, if any, was as follows:

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor International Capital Appreciation Fund	$26,459	$-	$-

8. Bank Borrowings.

The Fund is permitted to have bank borrowings for temporary or emergency purposes to fund shareholder redemptions or for other short-term liquidity requirements. The Fund has established borrowing arrangements with certain banks. The interest rate on the borrowings is the bank's base rate, as revised from time to time. Any open loans, including accrued interest, at period end are presented under the caption "Notes payable" in the Statement of Assets and Liabilities, if applicable. Activity in this program during the period for which loans were outstanding was as follows:

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor International Capital Appreciation Fund	$43,396,000	.90%	$7,586

9. Expense Reductions.

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $224,761.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor International Capital Appreciation Fund
Distributions to shareholders
Class A	$22,095,588	$-
Class M	6,798,915	-
Class C	6,513,172	-
Class I	225,434,044	5,163,920
Class Z	70,389,041	2,629,756
Total	$331,230,760	$7,793,676

11. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor International Capital Appreciation Fund
Class A
Shares sold	5,318,850	7,126,167	$133,790,081	$201,623,517
Reinvestment of distributions	731,540	-	20,900,107	-
Shares redeemed	(5,656,700)	(3,692,803)	(134,450,301)	(106,277,668)
Net increase (decrease)	393,690	3,433,364	$20,239,887	$95,345,849
Class M
Shares sold	841,710	1,885,806	$20,169,126	$51,940,039
Reinvestment of distributions	243,281	-	6,755,923	-
Shares redeemed	(1,120,170)	(1,537,765)	(26,759,208)	(43,022,367)
Net increase (decrease)	(35,179)	348,041	$165,841	$8,917,672
Class C
Shares sold	489,567	1,692,919	$10,790,090	$41,595,438
Reinvestment of distributions	247,677	-	6,107,712	-
Shares redeemed	(1,522,610)	(1,304,284)	(31,050,187)	(32,315,690)
Net increase (decrease)	(785,366)	388,635	$(14,152,385)	$9,279,748
Class I
Shares sold	57,508,310	73,170,455	$1,522,042,044	$2,212,098,489
Reinvestment of distributions	5,847,457	142,401	179,166,081	4,041,327
Shares redeemed	(101,740,037)	(37,497,487)	(2,552,570,479)	(1,149,304,478)
Net increase (decrease)	(38,384,270)	35,815,369	$(851,362,354)	$1,066,835,338
Class Z
Shares sold	21,509,843	26,964,454	$577,524,025	$812,999,942
Reinvestment of distributions	1,780,120	71,609	54,614,079	2,034,402
Shares redeemed	(38,456,808)	(14,766,822)	(973,309,902)	(455,070,873)
Net increase (decrease)	(15,166,845)	12,269,241	$(341,171,798)	$359,963,471

12. Other.

A fund's organizational documents provide former and current trustees and officers with a limited indemnification against liabilities arising in connection with the performance of their duties to the fund. In the normal course of business, a fund may also enter into contracts that provide general indemnifications. A fund's maximum exposure under these arrangements is unknown as this would be dependent on future claims that may be made against a fund. The risk of material loss from such claims is considered remote.

13. Risk and Uncertainties.

Many factors affect a fund's performance. Developments that disrupt global economies and financial markets, such as pandemics, epidemics, outbreaks of infectious diseases, war, terrorism, and environmental disasters, may significantly affect a fund's investment performance. The effects of these developments to a fund will be impacted by the types of securities in which a fund invests, the financial condition, industry, economic sector, and geographic location of an issuer, and a fund's level of investment in the securities of that issuer.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and the Shareholders of Fidelity Advisor International Capital Appreciation Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity Advisor International Capital Appreciation Fund (the "Fund"), a fund of Fidelity Advisor Series VIII, including the schedule of investments, as of October 31, 2022, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements and financial highlights are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Fund is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Fund's internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. Our procedures included confirmation of securities owned as of October 31, 2022, by correspondence with the custodian and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ Deloitte & Touche LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Trustees and Officers

TRUSTEES AND OFFICERS

The Trustees, Members of the Advisory Board (if any), and officers of the trust and fund, as applicable, are listed below. The Board of Trustees governs the fund and is responsible for protecting the interests of shareholders. The Trustees are experienced executives who meet periodically throughout the year to oversee the fund's activities, review contractual arrangements with companies that provide services to the fund, oversee management of the risks associated with such activities and contractual arrangements, and review the fund's performance. Except for Jonathan Chiel, each of the Trustees oversees 316 funds. Mr. Chiel oversees 184 funds.

The Trustees hold office without limit in time except that (a) any Trustee may resign; (b) any Trustee may be removed by written instrument, signed by at least two-thirds of the number of Trustees prior to such removal; (c) any Trustee who requests to be retired or who has become incapacitated by illness or injury may be retired by written instrument signed by a majority of the other Trustees; and (d) any Trustee may be removed at any special meeting of shareholders by a two-thirds vote of the outstanding voting securities of the trust. Each Trustee who is not an interested person (as defined in the 1940 Act) of the trust and the fund is referred to herein as an Independent Trustee. Each Independent Trustee shall retire not later than the last day of the calendar year in which his or her 75th birthday occurs. The Independent Trustees may waive this mandatory retirement age policy with respect to individual Trustees. Officers and Advisory Board Members hold office without limit in time, except that any officer or Advisory Board Member may resign or may be removed by a vote of a majority of the Trustees at any regular meeting or any special meeting of the Trustees. Except as indicated, each individual has held the office shown or other offices in the same company for the past five years.

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Experience, Skills, Attributes, and Qualifications of the Trustees. The Governance and Nominating Committee has adopted a statement of policy that describes the experience, qualifications, attributes, and skills that are necessary and desirable for potential Independent Trustee candidates (Statement of Policy). The Board believes that each Trustee satisfied at the time he or she was initially elected or appointed a Trustee, and continues to satisfy, the standards contemplated by the Statement of Policy. The Governance and Nominating Committee also engages professional search firms to help identify potential Independent Trustee candidates who have the experience, qualifications, attributes, and skills consistent with the Statement of Policy. From time to time, additional criteria based on the composition and skills of the current Independent Trustees, as well as experience or skills that may be appropriate in light of future changes to board composition, business conditions, and regulatory or other developments, have also been considered by the professional search firms and the Governance and Nominating Committee. In addition, the Board takes into account the Trustees' commitment and participation in Board and committee meetings, as well as their leadership of standing and ad hoc committees throughout their tenure.

In determining that a particular Trustee was and continues to be qualified to serve as a Trustee, the Board has considered a variety of criteria, none of which, in isolation, was controlling. The Board believes that, collectively, the Trustees have balanced and diverse experience, qualifications, attributes, and skills, which allow the Board to operate effectively in governing the fund and protecting the interests of shareholders. Information about the specific experience, skills, attributes, and qualifications of each Trustee, which in each case led to the Board's conclusion that the Trustee should serve (or continue to serve) as a trustee of the fund, is provided below.

Board Structure and Oversight Function. Robert A. Lawrence is an interested person and currently serves as Chair. The Trustees have determined that an interested Chair is appropriate and benefits shareholders because an interested Chair has a personal and professional stake in the quality and continuity of services provided to the fund. Independent Trustees exercise their informed business judgment to appoint an individual of their choosing to serve as Chair, regardless of whether the Trustee happens to be independent or a member of management. The Independent Trustees have determined that they can act independently and effectively without having an Independent Trustee serve as Chair and that a key structural component for assuring that they are in a position to do so is for the Independent Trustees to constitute a substantial majority for the Board. The Independent Trustees also regularly meet in executive session. David M. Thomas serves as Lead Independent Trustee and as such (i) acts as a liaison between the Independent Trustees and management with respect to matters important to the Independent Trustees and (ii) with management prepares agendas for Board meetings.

Fidelity ® funds are overseen by different Boards of Trustees. The fund's Board oversees Fidelity's high income and certain equity funds, and other Boards oversee Fidelity's investment-grade bond, money market, asset allocation, and other equity funds. The asset allocation funds may invest in Fidelity ® funds overseen by the fund's Board. The use of separate Boards, each with its own committee structure, allows the Trustees of each group of Fidelity ® funds to focus on the unique issues of the funds they oversee, including common research, investment, and operational issues. On occasion, the separate Boards establish joint committees to address issues of overlapping consequences for the Fidelity ® funds overseen by each Board.

The Trustees operate using a system of committees to facilitate the timely and efficient consideration of all matters of importance to the Trustees, the fund, and fund shareholders and to facilitate compliance with legal and regulatory requirements and oversight of the fund's activities and associated risks. The Board, acting through its committees, has charged FMR and its affiliates with (i) identifying events or circumstances the occurrence of which could have demonstrably adverse effects on the fund's business and/or reputation; (ii) implementing processes and controls to lessen the possibility that such events or circumstances occur or to mitigate the effects of such events or circumstances if they do occur; and (iii) creating and maintaining a system designed to evaluate continuously business and market conditions in order to facilitate the identification and implementation processes described in (i) and (ii) above. Because the day-to-day operations and activities of the fund are carried out by or through FMR, its affiliates, and other service providers, the fund's exposure to risks is mitigated but not eliminated by the processes overseen by the Trustees. While each of the Board's committees has responsibility for overseeing different aspects of the fund's activities, oversight is exercised primarily through the Operations, Audit, and Compliance Committees. Appropriate personnel, including but not limited to the fund's Chief Compliance Officer (CCO), FMR's internal auditor, the independent accountants, the fund's Treasurer and portfolio management personnel, make periodic reports to the Board's committees, as appropriate, including an annual review of Fidelity's risk management program for the Fidelity ® funds. The responsibilities of each standing committee, including their oversight responsibilities, are described further under "Standing Committees of the Trustees."

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Mr. Chiel also serves as Trustee of other Fidelity ® funds. Mr. Chiel is Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present). Previously, Mr. Chiel served as general counsel (2004-2012) and senior vice president and deputy general counsel (2000-2004) for John Hancock Financial Services; a partner with Choate, Hall & Stewart (1996-2000) (law firm); and an Assistant United States Attorney for the United States Attorney's Office of the District of Massachusetts (1986-95), including Chief of the Criminal Division (1993-1995). Mr. Chiel is a director on the boards of the Boston Bar Foundation and the Maimonides School.

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Ms. Doulton also serves as Trustee of other Fidelity ® funds. Prior to her retirement, Ms. Doulton served in a variety of positions at Fidelity Investments, including as a managing director of research (2006-2007), portfolio manager to certain Fidelity ® funds (1993-2005), equity analyst and portfolio assistant (1990-1993), and research assistant (1987-1990). Ms. Doulton currently owns and operates Phi Builders + Architects and Cellardoor Winery. Previously, Ms. Doulton served as a member of the Board of Brown Capital Management, LLC (2014-2018).

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

Mr. Lawrence also serves as Trustee of other funds. Previously, Mr. Lawrence served as a Trustee and Member of the Advisory Board of certain funds. Prior to his retirement in 2008, Mr. Lawrence served as Vice President of certain Fidelity ® funds (2006-2008), Senior Vice President, Head of High Income Division of Fidelity Management & Research Company (investment adviser firm, 2006-2008), and President of Fidelity Strategic Investments (investment adviser firm, 2002-2005).

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

+ The information includes the Trustee's principal occupation during the last five years and other information relating to the experience, attributes, and skills relevant to the Trustee's qualifications to serve as a Trustee, which led to the conclusion that the Trustee should serve as a Trustee for the fund.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Lieutenant General Bostick also serves as Trustee of other Fidelity ® funds. Prior to his retirement, General Bostick (United States Army, Retired) held a variety of positions within the U.S. Army, including Commanding General and Chief of Engineers, U.S. Army Corps of Engineers (2012-2016) and Deputy Chief of Staff and Director of Human Resources, U.S. Army (2009-2012). General Bostick currently serves as a member of the Board and Finance and Governance Committees of CSX Corporation (transportation, 2020-present) and a member of the Board and Corporate Governance and Nominating Committee of Perma-Fix Environmental Services, Inc. (nuclear waste management, 2020-present). General Bostick serves as Chief Executive Officer of Bostick Global Strategies, LLC (consulting, 2016-present) and as a member of the Board of HireVue, Inc. (video interview and assessment, 2020-present). Previously, General Bostick served as a Member of the Advisory Board of certain Fidelity® funds (2021), President, Intrexon Bioengineering (2018-2020) and Chief Operating Officer (2017-2020) and Senior Vice President of the Environment Sector (2016-2017) of Intrexon Corporation (biopharmaceutical company).

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Mr. Dirks also serves as Trustee of other Fidelity ® funds. Prior to his retirement in May 2003, Mr. Dirks served as Chief Operating Officer and as a member of the Board of The Depository Trust & Clearing Corporation (financial markets infrastructure), President, Chief Operating Officer and a member of the Board of The Depository Trust Company (DTC), President and a member of the Board of the National Securities Clearing Corporation (NSCC), Chief Executive Officer and a member of the Board of the Government Securities Clearing Corporation and Chief Executive Officer and a member of the Board of the Mortgage-Backed Securities Clearing Corporation. Mr. Dirks currently serves as a member of the Finance Committee (2016-present) and Board (2017-present) and is Treasurer (2018-present) of the Asolo Repertory Theatre.

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Mr. Donahue also serves as Trustee of other Fidelity ® funds. Mr. Donahue serves as President and Chief Executive Officer of Miranda Partners, LLC (risk consulting for the financial services industry, 2012-present). Previously, Mr. Donahue served as Chief Executive Officer (2006-2012), Chief Operating Officer (2003-2006) and Managing Director, Customer Marketing and Development (1999-2003) of The Depository Trust & Clearing Corporation (financial markets infrastructure). Mr. Donahue currently serves as a member (2007-present) and Co-Chairman (2016-present) of the Board of United Way of New York and a member of the Board of The Leadership Academy (previously NYC Leadership Academy) (2012-present). Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018).

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Ms. Fuller also serves as Trustee of other Fidelity ® funds. Previously, Ms. Fuller served as a member of the Advisory Board of certain Fidelity ® funds (2018-2020), Chief Investment Officer of the New York State Common Retirement Fund (2012-2018) and held a variety of positions at AllianceBernstein L.P. (global asset management, 1985-2012), including Managing Director (2006-2012) and Senior Vice President and Senior Portfolio Manager (2001-2006). Ms. Fuller currently serves as a member of the Board, Audit Committee and Nominating and Governance Committee of two Blackstone business development companies (2020-present), as a member of the Board of Treliant, LLC (consulting, 2019-present), as a member of the Advisory Board of Ariel Alternatives, LLC (private equity, 2021-present) and as a member of the Board and Chair of the Audit Committee of Gusto, Inc. (software, 2021-present). In addition, Ms. Fuller currently serves as a member of the Board of Roosevelt University (2019-present) and as a member of the Executive Board of New York University's Stern School of Business. Ms. Fuller previously served as a member of the Board, Audit Committee and Nominating and Governance Committee of The Williams Companies, Inc. (natural gas infrastructure, 2018-2021).

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Ms. Kampling also serves as Trustee of other Fidelity ® funds. Prior to her retirement, Ms. Kampling served as Chairman of the Board and Chief Executive Officer (2012-2019), President and Chief Operating Officer (2011-2012) and Executive Vice President and Chief Financial Officer (2010-2011) of Alliant Energy Corporation. Ms. Kampling currently serves as a member of the Board, Finance Committee and Governance, Compensation and Nominating Committee of Xcel Energy Inc. (utilities company, 2020-present) and as a member of the Board, Audit, Finance and Risk Committee and Safety, Environmental, Technology and Operations Committee and Chair of the Executive Development and Compensation Committee of American Water Works Company, Inc. (utilities company, 2019-present). In addition, Ms. Kampling currently serves as a member of the Board of the Nature Conservancy, Wisconsin Chapter (2019-present). Previously, Ms. Kampling served as a Member of the Advisory Board of certain Fidelity® funds (2020), a member of the Board, Compensation Committee and Executive Committee and Chair of the Audit Committee of Briggs & Stratton Corporation (manufacturing, 2011-2021), a member of the Board of Interstate Power and Light Company (2012-2019) and Wisconsin Power and Light Company (2012-2019) (each a subsidiary of Alliant Energy Corporation) and as a member of the Board and Workforce Development Committee of the Business Roundtable (2018-2019).

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Mr. Kennedy also serves as Trustee of other Fidelity ® funds. Previously, Mr. Kennedy served as a Member of the Advisory Board of certain Fidelity ® funds (2020) and held a variety of positions at Raytheon Company (aerospace and defense, 1983-2020), including Chairman and Chief Executive Officer (2014-2020) and Executive Vice President and Chief Operating Officer (2013-2014). Mr. Kennedy currently serves as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-present). He is also a member of the Rutgers School of Engineering Industry Advisory Board (2011-present) and a member of the UCLA Engineering Dean's Executive Board (2016-present).

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Mr. Munoz also serves as Trustee of other Fidelity ® funds. Prior to his retirement, Mr. Munoz served as Executive Chairman (2020-2021), Chief Executive Officer (2015-2020), President (2015-2016) and a member of the Board (2010-2021) of United Airlines Holdings, Inc. Mr. Munoz currently serves as a member of the Board of CBRE Group, Inc. (commercial real estate, 2020-present), a member of the Board of Univision Communications, Inc. (Hispanic media, 2020-present) and a member of the Advisory Board of Salesforce.com, Inc. (cloud-based software, 2020-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity ® funds (2021).

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

Mr. Smith also serves as Trustee of other Fidelity ® funds. Prior to his retirement, Mr. Smith served as Chairman and Chief Executive Officer (1990-1997) and President (1986-1990) of Inbrand Corp. (manufacturer of personal absorbent products). Prior to his employment with Inbrand Corp., he was employed by a retail fabric chain and North Carolina National Bank (now Bank of America). Mr. Smith previously served as a member of the Advisory Board of certain Fidelity ® funds (2012-2013).

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Mr. Thomas also serves as Trustee of other Fidelity ® funds. Previously, Mr. Thomas served as Executive Chairman (2005-2006) and Chairman and Chief Executive Officer (2000-2005) of IMS Health, Inc. (pharmaceutical and healthcare information solutions). Mr. Thomas currently serves as a member of the Board of Fortune Brands Home and Security (home and security products, 2004-present) and as Director (2013-present) and Non-Executive Chairman of the Board (2022-present) of Interpublic Group of Companies, Inc. (marketing communication).

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Ms. Tomasky also serves as Trustee of other Fidelity ® funds. Prior to her retirement, Ms. Tomasky served in various executive officer positions at American Electric Power Company, Inc. (1998-2011), including most recently as President of AEP Transmission (2007-2011). Ms. Tomasky currently serves as a member of the Board and Sustainability Committee and as Chair of the Audit Committee of Marathon Petroleum Corporation (2018-present) and as a member of the Board, Executive Committee, Corporate Governance Committee and Organization and Compensation Committee and as Chair of the Audit Committee of Public Service Enterprise Group, Inc. (utilities company, 2012-present) and as a member of the Board of its subsidiary company, Public Service Electric and Gas Co. (2021-present). In addition, Ms. Tomasky currently serves as a member (2009-present) and President (2020-present) of the Board of the Royal Shakespeare Company - America (2009-present), as a member of the Board of the Columbus Association for the Performing Arts (2011-present) and as a member of the Board and Kenyon in the World Committee of Kenyon College (2016-present). Previously, Ms. Tomasky served as a Member of the Advisory Board of certain Fidelity ® funds (2020), as a member of the Board of the Columbus Regional Airport Authority (2007-2020), as a member of the Board (2011-2018) and Lead Independent Director (2015-2018) of Andeavor Corporation (previously Tesoro Corporation) (independent oil refiner and marketer) and as a member of the Board of Summit Midstream Partners LP (energy, 2012-2018).

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Mr. Wiley also serves as Trustee of other Fidelity ® funds. Previously, Mr. Wiley served as a member of the Advisory Board of certain Fidelity ® funds (2018-2020), Chairman, President and CEO of Baker Hughes, Inc. (oilfield services, 2000-2004). Mr. Wiley also previously served as a member of the Board of Andeavor Corporation (independent oil refiner and marketer, 2005-2018), a member of the Board of Andeavor Logistics LP (natural resources logistics, 2015-2018) and a member of the Board of High Point Resources (exploration and production, 2005-2020).

Advisory Board Members and Officers:

Correspondence intended for a Member of the Advisory Board (if any) may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235. Correspondence intended for an officer or Peter S. Lynch may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210. Officers appear below in alphabetical order.

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Mr. Lynch also serves as a Member of the Advisory Board of other Fidelity ® funds. Mr. Lynch is Vice Chairman and a Director of Fidelity Management & Research Company LLC (investment adviser firm). In addition, Mr. Lynch serves as a Trustee of Boston College and as the Chairman of the Inner-City Scholarship Fund. Previously, Mr. Lynch served as Vice Chairman and a Director of FMR Co., Inc. (investment adviser firm) and on the Special Olympics International Board of Directors (1997-2006).

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

Mr. Brown also serves as an officer of other funds. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2013-present). Previously, Mr. Brown served as Assistant Treasurer of certain Fidelity ® funds (2019-2022).

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

Mr. Burke also serves as Chief Financial Officer of other funds. Mr. Burke serves as Head of Investment Operations for Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments (1998-present). Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Mr. Coffey also serves as Assistant Secretary of other funds. He is Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2010-present), and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company and FMR Co., Inc. (investment adviser firms, 2018-2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2018-2019); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2018-2019); and Assistant Secretary of certain funds (2009-2018).

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Mr. Cohen also serves as Vice President of other funds. Mr. Cohen serves as Co-Head of Equity (2018-present), a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present), and is an employee of Fidelity Investments. Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019), Head of Global Equity Research (2016-2018), Chief Investment Officer - Equity and a Director of Fidelity Management & Research (U.K.) Inc. (investment adviser firm, 2013-2015) and as a Director of Fidelity Management & Research (Hong Kong) Limited (investment adviser firm, 2017).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as an officer of other funds. Mr. Davis serves as Assistant Treasurer of FIMM, LLC (2021-present), FMR Capital, Inc. (2017-present), FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), and FD Funds Management LLC (2021-present); and is an employee of Fidelity Investments. Previously, Mr. Davis served as Vice President and Associate General Counsel of FMR LLC (diversified financial services company, 2003-2010).

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Ms. Del Prato also serves as an officer of other funds. Ms. Del Prato serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2017-present). Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020). Prior to joining Fidelity Investments, Ms. Del Prato served as a Managing Director and Treasurer of the JPMorgan Mutual Funds (2014-2017). Prior to JPMorgan, Ms. Del Prato served as a partner at Cohen Fund Audit Services (accounting firm, 2012-2013) and KPMG LLP (accounting firm, 2004-2012).

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present) and is an employee of Fidelity Investments (2005-present). Previously, Mr. Hogan served as Deputy Treasurer of certain Fidelity ® funds (2016-2020) and Assistant Treasurer of certain Fidelity ® funds (2016-2018).

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Ms. Holding also serves as Vice President of other funds. Ms. Holding serves as Co-Head of Equity (2018-present) and is an employee of Fidelity Investments (2013-present). Previously, Ms. Holding served as Executive Vice President of Fidelity SelectCo, LLC (2019) and as Chief Investment Officer of Fidelity Institutional Asset Management (2013-2018).

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Ms. Lo Bessette also serves as an officer of other funds. Ms. Lo Bessette serves as CLO, Secretary, and Senior Vice President of Fidelity Management & Research Company LLC (investment adviser firm, 2019-present); CLO of Fidelity Management & Research (Hong Kong) Limited, FMR Investment Management (UK) Limited, and Fidelity Management & Research (Japan) Limited (investment adviser firms, 2019-present); Secretary of FD Funds GP LLC (2021-present), FD Funds Holding LLC (2021-present), FD Funds Management LLC (2021-present), and Fidelity Diversifying Solutions LLC (investment adviser firm, 2022-present); and Assistant Secretary of FIMM, LLC (2019-present). She is a Senior Vice President and Deputy General Counsel of FMR LLC (diversified financial services company, 2019-present), and is an employee of Fidelity Investments. Previously, Ms. Lo Bessette served as CLO, Secretary, and Senior Vice President of FMR Co., Inc. (investment adviser firm, 2019); Secretary of Fidelity SelectCo, LLC and Fidelity Investments Money Management, Inc. (investment adviser firms, 2019). Prior to joining Fidelity Investments, Ms. Lo Bessette was Executive Vice President, General Counsel (2016-2019) and Senior Vice President, Deputy General Counsel (2015-2016) of OppenheimerFunds (investment management company) and Deputy Chief Legal Officer (2013-2015) of Jennison Associates LLC (investment adviser firm).

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Mr. Maher also serves as an officer of other funds. Mr. Maher serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), and is an employee of Fidelity Investments (2008-present). Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020); Vice President of Asset Management Compliance (2013), Vice President of the Program Management Group of FMR (investment adviser firm, 2010-2013), and Vice President of Valuation Oversight (2008-2010).

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Mr. Pogorelec also serves as Chief Compliance Officer of other funds. Mr. Pogorelec is a senior Vice President of Asset Management Compliance for Fidelity Investments and is an employee of Fidelity Investments (2006-present). Previously, Mr. Pogorelec served as Vice President, Associate General Counsel for Fidelity Investments (2010-2020) and Assistant Secretary of certain Fidelity funds (2015-2020).

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Mr. Segaloff also serves as an AML Officer of other funds and other related entities. He is Director, Anti-Money Laundering (2007-present) of FMR LLC (diversified financial services company) and is an employee of Fidelity Investments (1996-present).

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Ms. Smith also serves as an officer of other funds. Ms. Smith serves as Assistant Treasurer of FIMM, LLC (2021-present) and FMR Capital, Inc. (2017-present), is an employee of Fidelity Investments (2009-present), and has served in other fund officer roles. Prior to joining Fidelity Investments, Ms. Smith served as Senior Audit Manager of Ernst & Young LLP (accounting firm, 1996-2009). Previously, Ms. Smith served as Assistant Treasurer (2013-2019) and Deputy Treasurer (2013-2016) of certain Fidelity ® funds.

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-present) and is an employee of Fidelity Investments (2011-present). Previously, Mr. Wegmann served as Assistant Treasurer of certain Fidelity ® funds (2019-2021).

Shareholder Expense Example

As a shareholder, you incur two types of costs: (1) transaction costs, which may include sales charges (loads) on purchase payments or redemption proceeds, as applicable and (2) ongoing costs, which generally include management fees, distribution and/or service (12b-1) fees and other Fund expenses. This Example is intended to help you understand your ongoing costs (in dollars) of investing in a fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

The first line of the accompanying table provides information about actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000.00 (for example, an $8,600 account value divided by $1,000.00 = 8.6), then multiply the result by the number in the first line for a class/Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period. If any fund is a shareholder of any underlying mutual funds or exchange-traded funds (ETFs) (the Underlying Funds), such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses incurred presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Hypothetical Example for Comparison Purposes

The second line of the accompanying table provides information about hypothetical account values and hypothetical expenses based on the actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds. If any fund is a shareholder of any Underlying Funds, such fund indirectly bears its proportional share of the expenses of the Underlying Funds in addition to the direct expenses as presented in the table. These fees and expenses are not included in the annualized expense ratio used to calculate the expense estimate in the table below.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transaction costs. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® International Capital Appreciation Fund
Class A	1.20%
Actual		$ 1,000	$ 868.40	$ 5.65
Hypothetical- B		$ 1,000	$ 1,019.16	$ 6.11
Class M	1.45%
Actual		$ 1,000	$ 867.10	$ 6.82
Hypothetical- B		$ 1,000	$ 1,017.90	$ 7.38
Class C	1.94%
Actual		$ 1,000	$ 865.40	$ 9.12
Hypothetical- B		$ 1,000	$ 1,015.43	$ 9.86
Class I	.92%
Actual		$ 1,000	$ 869.50	$ 4.34
Hypothetical- B		$ 1,000	$ 1,020.57	$ 4.69
Class Z	.79%
Actual		$ 1,000	$ 870.10	$ 3.72
Hypothetical- B		$ 1,000	$ 1,021.22	$ 4.02

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

C Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/ 365 (to reflect the one-half year period). The fees and expenses of any Underlying Funds are not included in each annualized expense ratio.

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates 100% of the short-term capital gain dividends distributed in December, respectively during the fiscal year as qualifying to be taxed as short-term capital gain dividends for nonresident alien shareholders.

Class A designates 6%; Class I designates 4%; Class M designates 13%; and Class Z designates 4%; of the dividends distributed in the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

Class A, Class M, Class I, and Class Z designate 100% of the dividends distributed during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

	Pay Date	Income	Taxes
Insert Fund Name
Class A	12/06/2021	$0.1541	$0.0401
Class M	12/06/2021	$0.0731	$0.0401
Class C	12/06/2021	$0.0000	$0.0000
Class I	12/06/2021	$0.2221	$0.0401
Class Z	12/06/2021	$0.2571	$0.0401

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor International Capital Appreciation Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), votes on the renewal of the management contract with Fidelity Management & Research Company LLC (FMR) and the sub-advisory agreements (together, the Advisory Contracts) for the fund. FMR and the sub-advisers are referred to herein as the Investment Advisers. The Board, assisted by the advice of fund counsel and Independent Trustees' counsel, requests and considers a broad range of information relevant to the renewal of the Advisory Contracts throughout the year.

The Board meets regularly and, at each of its meetings, covers an extensive agenda of topics and materials and considers factors that are relevant to its annual consideration of the renewal of the fund's Advisory Contracts, including the services and support provided to the fund and its shareholders. The Board has established various standing committees (Committees), each composed of and chaired by Independent Trustees with varying backgrounds, to which the Board has assigned specific subject matter responsibilities in order to enhance effective decision-making by the Board. The Board, acting directly and through its Committees, requests and receives information concerning the annual consideration of the renewal of the fund's Advisory Contracts. The Board also meets as needed to review matters specifically related to the Board's annual consideration of the renewal of the Advisory Contracts. Members of the Board may also meet with trustees of other Fidelity funds through joint ad hoc committees to discuss certain matters relevant to all of the Fidelity funds.

At its May 2022 meeting, the Board unanimously determined to renew the fund's Advisory Contracts. In reaching its determination, the Board considered all factors it believed relevant, including (i) the nature, extent, and quality of the services provided to the fund and its shareholders (including the investment performance of the fund); (ii) the competitiveness relative to peer funds of the fund's management fee and the total expense ratio of a representative class (Class I); (iii) the total costs of the services provided by and the profits realized by Fidelity from its relationships with the fund; and (iv) the extent to which, if any, economies of scale exist and are realized as the fund grows, and whether any economies of scale are appropriately shared with fund shareholders.

In considering whether to renew the Advisory Contracts for the fund, the Board reached a determination, with the assistance of fund counsel and Independent Trustees' counsel and through the exercise of its business judgment, that the renewal of the Advisory Contracts was in the best interests of the fund and its shareholders and that the compensation payable under the Advisory Contracts was fair and reasonable. The Board's decision to renew the Advisory Contracts was not based on any single factor, but rather was based on a comprehensive consideration of all the information provided to the Board at its meetings throughout the year. The Board, in reaching its determination to renew the Advisory Contracts, was aware that shareholders of the fund have a broad range of investment choices available to them, including a wide choice among funds offered by Fidelity's competitors, and that the fund's shareholders, who have the opportunity to review and weigh the disclosure provided by the fund in its prospectus and other public disclosures, have chosen to invest in this fund, which is part of the Fidelity family of funds.

Nature, Extent, and Quality of Services Provided . The Board considered Fidelity's staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage. The Board also considered the steps Fidelity had taken to ensure the continued provision of high quality services to the Fidelity funds during the COVID-19 pandemic, including the expansion of staff in client facing positions to maintain service levels in periods of high volumes and volatility.

Resources Dedicated to Investment Management and Support Services . The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools, and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties, and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services . The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers, the use of brokerage commissions to pay fund expenses, and the use of "soft" commission dollars to pay for research services.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials, and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Investment in a Large Fund Family . The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) reducing management fees and total expenses for certain target date funds and classes and index funds; (vii) lowering expenses for certain existing funds and classes by implementing or lowering expense caps; (viii) rationalizing product lines and gaining increased efficiencies from fund mergers and liquidations; (ix) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (x) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

The Board took into account discussions that occur at Board meetings throughout the year with representatives of the Investment Advisers about fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for the fund for different time periods, measured against an appropriate securities market index (benchmark index) and an appropriate peer group of funds with similar objectives (peer group). The Board also reviews and considers information about performance attribution. In its evaluation of fund investment performance, the Board gave particular attention to information indicating changes in performance of certain Fidelity funds for specific time periods and discussed with the Investment Advisers the reasons for any overperformance or underperformance.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on net performance (after fees and expenses) of the representative class, compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; issuer-specific information; and fund cash flows and other factors.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative total return information for the fund and an appropriate benchmark index and peer group for the most recent one-, three-, and five-year periods ended September 30, 2021, as shown below. Returns are shown compared to the 25th percentile (top of box, 75% beaten) and 75th percentile (bottom of box, 25% beaten) of the peer universe. Returns of the benchmark index are "net MA," i.e., adjusted for tax withholding rates applicable to U.S.-based funds organized as Massachusetts business trusts.

Fidelity Advisor International Capital Appreciation Fund

The Board also considered that the fund's management fee is subject to upward or downward adjustment depending upon whether, and to what extent, the fund's investment performance for the performance period (a rolling 36-month period) exceeds, or is exceeded by, a securities index, thus leading to a performance adjustment for the same period. The Board noted that the performance adjustment provides FMR with a strong economic incentive to seek to achieve superior long-term performance for the fund's shareholders and helps to more closely align the interests of FMR and the shareholders of the fund.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio . The Board considered the fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee . The Board considered two proprietary management fee comparisons for the 12-month periods ended September 30 (June 30 for periods ended 2019 and 2018 and December 31 for periods prior to 2018) shown in basis points (BP) in the chart below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps, and without giving effect to the fund's performance adjustment, relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than the fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than the fund. The fund's actual TMG %s and the number of funds in the Total Mapped Group are in the chart below. The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure without taking into account performance adjustments, if any. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which the fund's management fee rate ranked and the impact of the fund's performance adjustment, is also included in the chart and was considered by the Board.

Fidelity Advisor International Capital Appreciation Fund

The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for the 12-month period ended September 30, 2021. The Board also noted the effect of the fund's performance adjustment, if any, on the fund's management fee ranking.

The Board also considered that, for funds subject to the group fee, FMR agreed to voluntarily waive fees over a specified period of time in amounts designed to account for assets converted Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio . In its review of the total expense ratio of the representative class (Class I), the Board considered the fund's management fee rate as well as other fund or class expenses, as applicable, such as transfer agent fees, pricing and bookkeeping fees, fund-paid 12b-1 fees, and custodial, legal, and audit fees. The Board noted the impact of the fund's performance adjustment. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund. The fund's representative class is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure. The Board also considered a total expense ASPG comparison, which focuses on the total expenses of the representative class relative to a subset of non-Fidelity funds within the total expense similar sales load structure group. The total expense ASPG is limited to 15 larger and 15 smaller classes in fund average assets for a total of 30 classes, where possible. The total expense ASPG comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board noted that the total net expense ratio of Class I ranked above the similar sales load structure group competitive median and above the ASPG competitive median for the 12-month period ended September 30, 2021. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that Class I ranked above the similar sales load structure group median due to the fund's positive performance adjustment. The Board considered that, when compared to a subset of the ASPG that FMR believes is most comparable, Class I would not be above the ASPG competitive median for 2021.The Board noted that the fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes vary primarily by the level of their 12b-1 fees, although differences in transfer agent fees may also cause expenses to vary from class to class.

Fees Charged to Other Fidelity Clients . The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Based on its review of total expense ratios and fees charged to other Fidelity clients, the Board concluded that the total expense ratio of each class of the fund was reasonable in light of the services that the fund and its shareholders receive and the other factors considered.

Costs of the Services and Profitability . The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

On an annual basis, Fidelity presents to the Board information about the profitability of its relationships with the fund. Fidelity calculates profitability information for each fund, as well as aggregate profitability information for groups of Fidelity funds and all Fidelity funds, using a series of detailed revenue and cost allocation methodologies which originate with the books and records of Fidelity on which Fidelity's audited financial statements are based. The Audit Committee of the Board reviews any significant changes from the prior year's methodologies and the full Board approves such changes.

A public accounting firm has been engaged annually by the Board as part of the Board's assessment of Fidelity's profitability analysis. The engagement includes the review and assessment of the methodologies used by Fidelity in determining the revenues and expenses attributable to Fidelity's mutual fund business, and completion of agreed-upon procedures in respect of the mathematical accuracy of certain fund profitability information and its conformity to established allocation methodologies. After considering the reports issued under the engagement and information provided by Fidelity, the Board concluded that while other allocation methods may also be reasonable, Fidelity's profitability methodologies are reasonable in all material respects.

The Board also reviewed Fidelity's non-fund businesses and potential indirect benefits such businesses may have received as a result of their association with Fidelity's mutual fund business (i.e., fall-out benefits) as well as cases where Fidelity's affiliates may benefit from the funds' business. The Board considered areas where potential indirect benefits to the Fidelity funds from their relationships with Fidelity may exist. The Board's consideration of these matters was informed by the findings of a joint ad hoc committee created by it and the boards of other Fidelity funds to evaluate potential fall-out benefits.

The Board considered the costs of the services provided by and the profits realized by Fidelity in connection with the operation of the fund and was satisfied that the profitability was not excessive.

Economies of Scale . The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board recognized that the fund's management contract incorporates a "group fee" structure, which provides for lower group fee rates as total "group assets" increase, and for higher group fee rates as total "group assets" decrease ("group assets" as defined in the management contract). FMR calculates the group fee rates based on a tiered asset "breakpoint" schedule that varies based on asset class. The Board considered that the group fee is designed to deliver the benefits of economies of scale to fund shareholders when total Fidelity fund assets increase, even if assets of any particular fund are unchanged or have declined, because some portion of Fidelity's costs are attributable to services provided to all Fidelity funds, and all funds benefit if those costs can be allocated among more assets. The Board further considered that Fidelity agreed to impose a temporary fee waiver in the form of additional breakpoints to the current breakpoint schedule. The Board concluded that, given the group fee structure, fund shareholders will benefit from lower management fees as "group assets" increase at the fund complex level, regardless of whether Fidelity achieves any such economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

Additional Information Requested by the Board . In order to develop fully the factual basis for consideration of the Fidelity funds' advisory contracts, the Board requested and received additional information on certain topics, including: (i) fund flow and performance trends, in particular the underperformance of certain funds and strategies, and Fidelity's long-term strategies for certain funds, including any consideration of fund liquidations or mergers; (ii) the operation of performance fees, competitor use of performance fees, and consideration of the expansion of performance fees to additional funds; (iii) Fidelity's pricing philosophy compared to competitors; (iv) fund profitability methodology and data; (v) evaluation of competitive fund data and peer group classifications and fee and expense comparisons; (vi) the management fee and expense structures for different funds and classes and information about the differences between various fee and expense structures; (vii) group fee breakpoints and related voluntary fee waivers; and (viii) information regarding other accounts managed by Fidelity and the funds' sub-advisory arrangements.

Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board concluded that the advisory fee arrangements are fair and reasonable and that the fund's Advisory Contracts should be renewed.

1.711985.124

AICAP-ANN-1222

Fidelity Advisor® Focused Emerging Markets Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-37.14%	-2.13%	2.52%
Class M (incl.3.50% sales charge)	-35.82%	-1.95%	2.48%
Class C (incl. contingent deferred sales charge)	-34.45%	-1.73%	2.50%
Class I	-33.08%	-0.65%	3.47%
Class Z	-33.01%	-0.52%	3.61%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

The initial offering of Class Z shares took place on August 13, 2013. Returns prior to August 13, 2013, are those of Class I.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Focused Emerging Markets Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Comments from Portfolio Manager Sam Polyak:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned roughly -34% to -33%, underperforming the -31.01% result of the benchmark MSCI Emerging Markets Index. By region, security selection in Emerging Europe - specifically Russia - as well as stock picks in Emerging Asia, namely China and Taiwan, hindered the fund's relative result this period. Looking at sectors, security selection was the primary detractor, especially within communication services. Investment choices among financials firms, along with an overweighting in consumer discretionary, also hindered the portfolio's relative result. The biggest individual relative detractor was an overweight position in Lukoil (-100%). Another notable relative detractor was an outsized stake in Tencent Holdings (-56%), which was among the fund's largest holdings. Further pressuring performance was an overweighting in Yandex (-96%). Conversely, larger-than-benchmark exposure to Emerging Europe, in addition to stock picks and an overweighting in Latin America, contributed most to the fund's relative result. By sector, the primary contributor to performance versus the benchmark was our security selection in materials. An underweighting in real estate and investment choices among health care firms further boosted the fund's relative result. Lastly, the portfolio's position in cash was a notable contributor. The biggest stock-specific relative contributor was an overweight position in Petrobras (+98%). The fund's non-benchmark stake in Solar Industries India, one of our biggest holdings at period end, gained 42% and added further value. Another key relative contributor was an outsized stake in Larsen & Toubro (+5%), one of our largest holdings as of October 31. Notable changes in positioning include decreased exposure to Brazil and a higher allocation to India. By sector, meaningful positioning shifts include increased exposure to industrials and materials stocks.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	9.0
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	8.4
Tencent Holdings Ltd. (Cayman Islands, Interactive Media & Services)	7.0
Housing Development Finance Corp. Ltd. (India, Diversified Financial Services)	4.3
Larsen & Toubro Ltd. (India, Construction & Engineering)	3.6
JD.com, Inc. Class A (Cayman Islands, Internet & Direct Marketing Retail)	3.3
Barrick Gold Corp. (Canada, Metals & Mining)	3.3
China Life Insurance Co. Ltd. (H Shares) (China, Insurance)	3.1
Haier Smart Home Co. Ltd. (A Shares) (China, Household Durables)	2.8
Solar Industries India Ltd. (India, Chemicals)	2.5
	47.3

Market Sectors (% of Fund's net assets)

Financials	21.9
Information Technology	19.3
Consumer Discretionary	15.8
Materials	12.8
Industrials	10.3
Communication Services	7.2
Health Care	4.1
Energy	3.9
Consumer Staples	3.9

Asset Allocation (% of Fund's net assets)

Foreign investments - 99.2%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 95.2%
	Shares	Value ($)
Bermuda - 2.5%
Credicorp Ltd. (United States)	209,300	30,633,148
Shangri-La Asia Ltd. (a)	23,910,000	13,219,621
TOTAL BERMUDA		43,852,769
Canada - 3.3%
Barrick Gold Corp.	3,778,900	56,796,867
Cayman Islands - 16.0%
Alibaba Group Holding Ltd. (a)	4,693,000	36,487,637
JD.com, Inc. Class A	3,130,437	57,006,886
Li Ning Co. Ltd.	2,418,000	12,506,392
Meituan Class B (a)(b)	2,122,000	33,974,378
Sunny Optical Technology Group Co. Ltd.	1,707,400	14,801,752
Tencent Holdings Ltd.	4,552,100	119,614,594
TOTAL CAYMAN ISLANDS		274,391,639
China - 12.7%
China Life Insurance Co. Ltd. (H Shares)	49,262,000	53,718,126
Guangzhou Automobile Group Co. Ltd. (H Shares)	35,262,000	21,472,596
Haier Smart Home Co. Ltd. (A Shares)	16,701,854	47,569,947
Industrial & Commercial Bank of China Ltd. (H Shares)	69,943,000	30,366,833
Shenzhen Inovance Technology Co. Ltd. (A Shares)	2,083,300	19,027,525
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares)	709,264	31,607,016
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares)	4,768,077	13,874,165
TOTAL CHINA		217,636,208
Greece - 2.1%
National Bank of Greece SA (a)	9,845,021	35,706,685
Hong Kong - 1.8%
China Resources Beer Holdings Co. Ltd.	6,428,000	30,298,931
Hungary - 2.3%
Richter Gedeon PLC	2,030,060	40,084,928
India - 15.0%
Axis Bank Ltd.	3,731,600	40,841,140
Housing Development Finance Corp. Ltd.	2,461,098	73,428,604
Larsen & Toubro Ltd.	2,487,900	60,802,978
Shree Cement Ltd.	89,883	24,691,766
Solar Industries India Ltd.	921,430	43,431,767
Voltas Ltd.	1,340,474	14,188,491
TOTAL INDIA		257,384,746
Indonesia - 2.5%
PT Bank Mandiri (Persero) Tbk	25,823,469	17,466,748
PT United Tractors Tbk	12,658,600	26,213,995
TOTAL INDONESIA		43,680,743
Israel - 1.1%
Icl Group Ltd.	2,025,300	18,295,362
Korea (South) - 15.9%
Hyundai Mipo Dockyard Co. Ltd. (a)	250,112	16,086,289
Hyundai Motor Co.	204,280	23,543,466
Korea Aerospace Industries Ltd.	960,658	31,868,927
Korea Zinc Co. Ltd.	42,851	19,214,080
POSCO	157,690	27,428,653
Samsung Electronics Co. Ltd.	3,731,101	155,275,197
TOTAL KOREA (SOUTH)		273,416,612
Mexico - 2.1%
Grupo Financiero Banorte S.A.B. de CV Series O	2,137,100	17,371,421
Wal-Mart de Mexico SA de CV Series V	4,892,200	18,896,687
TOTAL MEXICO		36,268,108
Netherlands - 0.2%
Yandex NV Series A (a)(c)	798,300	2,738,041
Russia - 0.0%
LUKOIL PJSC sponsored ADR (c)	782,000	221,220
Sberbank of Russia sponsored ADR (a)(c)	3,242,100	57,709
TOTAL RUSSIA		278,929
South Africa - 2.9%
Absa Group Ltd.	1,818,900	19,778,542
Impala Platinum Holdings Ltd.	2,951,500	30,219,424
TOTAL SOUTH AFRICA		49,997,966
Taiwan - 12.1%
ECLAT Textile Co. Ltd.	2,029,000	26,703,990
HIWIN Technologies Corp.	4,007,159	20,623,439
Taiwan Semiconductor Manufacturing Co. Ltd.	12,006,554	144,204,333
Yageo Corp.	1,516,237	17,252,402
TOTAL TAIWAN		208,784,164
Thailand - 1.6%
Kasikornbank PCL (For. Reg.)	7,058,000	27,085,504
Turkey - 1.1%
Turkiye Petrol Rafinerileri A/S (a)	940,000	19,139,100
TOTAL COMMON STOCKS (Cost $2,138,110,333)		1,635,837,302

Nonconvertible Preferred Stocks - 4.0%
	Shares	Value ($)
Brazil - 4.0%
Ambev SA sponsored ADR	5,457,100	16,589,584
Itau Unibanco Holding SA	4,920,080	28,955,654
Petroleo Brasileiro SA - Petrobras sponsored ADR	1,811,678	23,225,712

TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $48,991,325)		68,770,950

Money Market Funds - 0.4%
	Shares	Value ($)
Fidelity Cash Central Fund 3.10% (d) (Cost $6,565,053)	6,563,740	6,565,053

TOTAL INVESTMENT IN SECURITIES - 99.6% (Cost $2,193,666,711)	1,711,173,305
NET OTHER ASSETS (LIABILITIES) - 0.4%	7,415,114
NET ASSETS - 100.0%	1,718,588,419

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

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 $33,974,378 or 2.0% of net assets.

(c)	Level 3 security

(d)

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 3.10%	30,848,669	1,077,800,841	1,102,084,457	415,123	-	-	6,565,053	0.0%
Fidelity Securities Lending Cash Central Fund 3.10%	28,269,950	238,065,610	266,335,560	80,488	-	-	-	0.0%
Total	59,118,619	1,315,866,451	1,368,420,017	495,611	-	-	6,565,053

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	122,352,635	-	119,614,594	2,738,041
Consumer Discretionary	272,484,913	145,016,012	127,468,901	-
Consumer Staples	65,785,202	65,785,202	-	-
Energy	68,800,027	68,578,807	-	221,220
Financials	375,410,114	291,267,446	84,084,959	57,709
Health Care	71,691,944	71,691,944	-	-
Industrials	176,471,814	176,471,814	-	-
Information Technology	331,533,684	187,329,351	144,204,333	-
Materials	220,077,919	162,429,842	57,648,077	-

Money Market Funds	6,565,053	6,565,053	-	-
Total Investments in Securities:	1,711,173,305	1,175,135,471	533,020,864	3,016,970

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:


Investments in Securities:
Communication Services
Beginning Balance	$	-
Net Realized Gain (Loss) on Investment Securities		(309,757)
Net Unrealized Gain (Loss) on Investment Securities		(47,882,705)
Cost of Purchases		27,487,980
Proceeds of Sales		(1,376,341)
Amortization/Accretion		-
Transfers into Level 3		24,818,864
Transfers out of Level 3		-
Ending Balance	$	2,738,041
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022	$	(47,882,705)
Energy
Beginning Balance	$	-
Net Realized Gain (Loss) on Investment Securities		(218,502)
Net Unrealized Gain (Loss) on Investment Securities		(72,786,054)
Cost of Purchases		23,858,581
Proceeds of Sales		(2,030,605)
Amortization/Accretion		-
Transfers into Level 3		51,397,800
Transfers out of Level 3		-
Ending Balance	$	221,220
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022	$	(72,786,054)
Financials
Beginning Balance	$	-
Net Realized Gain (Loss) on Investment Securities		(312,529)
Net Unrealized Gain (Loss) on Investment Securities		(52,307,650)
Cost of Purchases		26,882,003
Proceeds of Sales		(1,369,253)
Amortization/Accretion		-
Transfers into Level 3		27,165,138
Transfers out of Level 3		-
Ending Balance	$	57,709
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022	$	(52,307,650)
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Financial Statements

Statement of Assets and Liabilities
			October 31, 2022

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $2,187,101,658)	$1,704,608,252
Fidelity Central Funds (cost $6,565,053)	6,565,053

Total Investment in Securities (cost $2,193,666,711)		$	1,711,173,305
Foreign currency held at value (cost $7,094,089)			7,093,887
Receivable for investments sold			12,977,919
Receivable for fund shares sold			30,494,599
Dividends receivable			1,259,324
Distributions receivable from Fidelity Central Funds			21,268
Prepaid expenses			3,127
Other receivables			90,140
Total assets			1,763,113,569
Liabilities
Payable for investments purchased	$7,086,338
Payable for fund shares redeemed	29,275,128
Accrued management fee	1,161,473
Distribution and service plan fees payable	54,953
Other affiliated payables	235,528
Other payables and accrued expenses	6,711,730
Total Liabilities			44,525,150
Net Assets		$	1,718,588,419
Net Assets consist of:
Paid in capital		$	2,375,184,739
Total accumulated earnings (loss)			(656,596,320)
Net Assets		$	1,718,588,419

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($117,403,835 ÷ 5,128,928 shares) (a)		$	22.89
Maximum offering price per share (100/94.25 of $22.89)		$	24.29
Class M :
Net Asset Value and redemption price per share ($28,496,584 ÷ 1,260,709 shares) (a)		$	22.60
Maximum offering price per share (100/96.50 of $22.60)		$	23.42
Class C :
Net Asset Value and offering price per share ($19,733,385 ÷ 930,517 shares) (a)		$	21.21
Class I :
Net Asset Value , offering price and redemption price per share ($696,741,292 ÷ 30,218,807 shares)		$	23.06
Class Z :
Net Asset Value , offering price and redemption price per share ($856,213,323 ÷ 37,211,294 shares)		$	23.01
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations
				Year ended October 31, 2022
Investment Income
Dividends			$	67,916,591
Non-Cash dividends				5,215,205
Income from Fidelity Central Funds (including $80,488 from security lending)				495,611
Income before foreign taxes withheld				73,627,407
Less foreign taxes withheld				(6,828,364)
Total Income				66,799,043
Expenses
Management fee	$	15,555,751
Transfer agent fees		2,116,935
Distribution and service plan fees		869,126
Accounting fees		866,856
Custodian fees and expenses		358,661
Independent trustees' fees and expenses		6,872
Registration fees		346,706
Audit		77,074
Legal		4,770
Interest		40,446
Miscellaneous		9,032
Total expenses before reductions		20,252,229
Expense reductions		(66,724)
Total expenses after reductions				20,185,505
Net Investment income (loss)				46,613,538
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers(net of foreign taxes of $3,299,484)		(174,231,960)
Foreign currency transactions		(266,579)
Total net realized gain (loss)				(174,498,539)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $2,506,489)		(692,492,801)
Assets and liabilities in foreign currencies		8,771
Total change in net unrealized appreciation (depreciation)				(692,484,030)
Net gain (loss)				(866,982,569)
Net increase (decrease) in net assets resulting from operations			$	(820,369,031)

Statement of Changes in Net Assets

		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	46,613,538	$	19,904,180
Net realized gain (loss)		(174,498,539)		96,713,422
Change in net unrealized appreciation (depreciation)		(692,484,030)		51,154,765
Net increase (decrease) in net assets resulting from operations		(820,369,031)		167,772,367
Distributions to shareholders		(103,925,954)		(27,152,600)
Share transactions - net increase (decrease)		576,650,941		841,937,805
Total increase (decrease) in net assets		(347,644,044)		982,557,572

Net Assets
Beginning of period		2,066,232,463		1,083,674,891
End of period	$	1,718,588,419	$	2,066,232,463

Financial Highlights

Fidelity Advisor® Focused Emerging Markets Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	36.01	$	30.73	$	26.18	$	24.48	$	28.86
Income from Investment Operations
Net investment income (loss) A,B		.59		.31		.15		.44 C		.09
Net realized and unrealized gain (loss)		(12.07)		5.64		4.48		4.26		(4.39)
Total from investment operations		(11.48)		5.95		4.63		4.70		(4.30)
Distributions from net investment income		(.52)		(.05)		(.08)		(.06) D		(.05)
Distributions from net realized gain		(1.12)		(.62)		-		(2.94) D		(.03)
Total distributions		(1.64)		(.67)		(.08)		(3.00)		(.08)
Redemption fees added to paid in capital A		-		-		-		-		- E
Net asset value, end of period	$	22.89	$	36.01	$	30.73	$	26.18	$	24.48
Total Return F,G		(33.30)%		19.43%		17.71%		19.42%		(14.93)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		1.34%		1.32%		1.39%		1.41%		1.44%
Expenses net of fee waivers, if any		1.34%		1.32%		1.39%		1.41%		1.44%
Expenses net of all reductions		1.34%		1.32%		1.36%		1.39%		1.40%
Net investment income (loss)		1.99%		.83%		.54%		1.62% C		.30%
Supplemental Data
Net assets, end of period (000 omitted)	$	117,404	$	191,955	$	150,749	$	144,062	$	120,499
Portfolio turnover rate J		63%		51%		66%		166% K		87%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.32 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been .44%.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Amount represents less than $.005 per share.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Total returns do not include the effect of the sales charges.

H Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

I Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	35.56	$	30.36	$	25.86	$	24.25	$	28.61
Income from Investment Operations
Net investment income (loss) A,B		.50		.20		.07		.36 C		- D
Net realized and unrealized gain (loss)		(11.94)		5.58		4.43		4.20		(4.34)
Total from investment operations		(11.44)		5.78		4.50		4.56		(4.34)
Distributions from net investment income		(.41)		-		-		(.02) E		-
Distributions from net realized gain		(1.12)		(.58)		-		(2.93) E		(.02)
Total distributions		(1.52) F		(.58)		-		(2.95)		(.02)
Redemption fees added to paid in capital A		-		-		-		-		- D
Net asset value, end of period	$	22.60	$	35.56	$	30.36	$	25.86	$	24.25
Total Return G,H		(33.50)%		19.10%		17.40%		19.03%		(15.17)%
Ratios to Average Net Assets B,I,J
Expenses before reductions		1.62%		1.61%		1.68%		1.70%		1.73%
Expenses net of fee waivers, if any		1.62%		1.60%		1.67%		1.70%		1.73%
Expenses net of all reductions		1.62%		1.60%		1.64%		1.68%		1.69%
Net investment income (loss)		1.71%		.55%		.25%		1.33% C		-% K
Supplemental Data
Net assets, end of period (000 omitted)	$	28,497	$	48,494	$	42,509	$	45,310	$	40,616
Portfolio turnover rate L		63%		51%		66%		166% M		87%

A Calculated based on average shares outstanding during the period.

D Amount represents less than $.005 per share.

E The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

F Total distributions per share do not sum due to rounding.

G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Total returns do not include the effect of the sales charges.

I Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

J Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

K Amount represents less than .005%.

L Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

M Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	33.42	$	28.57	$	24.46	$	23.18	$	27.46
Income from Investment Operations
Net investment income (loss) A,B		.33		.01		(.06)		.22 C		(.13)
Net realized and unrealized gain (loss)		(11.21)		5.27		4.17		4.02		(4.15)
Total from investment operations		(10.88)		5.28		4.11		4.24		(4.28)
Distributions from net investment income		(.21)		-		-		(.02) D		-
Distributions from net realized gain		(1.12)		(.43)		-		(2.94) D		-
Total distributions		(1.33)		(.43)		-		(2.96)		-
Redemption fees added to paid in capital A		-		-		-		-		- E
Net asset value, end of period	$	21.21	$	33.42	$	28.57	$	24.46	$	23.18
Total Return F,G		(33.82)%		18.52%		16.80%		18.48%		(15.59)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		2.12%		2.11%		2.18%		2.20%		2.22%
Expenses net of fee waivers, if any		2.12%		2.11%		2.17%		2.20%		2.22%
Expenses net of all reductions		2.12%		2.11%		2.14%		2.17%		2.19%
Net investment income (loss)		1.21%		.04%		(.25)%		.83% C		(.49)%
Supplemental Data
Net assets, end of period (000 omitted)	$	19,733	$	37,777	$	35,268	$	41,615	$	50,617
Portfolio turnover rate J		63%		51%		66%		166% K		87%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.30 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.34)%.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Amount represents less than $.005 per share.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Total returns do not include the effect of the contingent deferred sales charge.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	36.27	$	30.94	$	26.34	$	24.65	$	29.03
Income from Investment Operations
Net investment income (loss) A,B		.66		.42		.24		.54 C		.18
Net realized and unrealized gain (loss)		(12.12)		5.67		4.51		4.26		(4.41)
Total from investment operations		(11.46)		6.09		4.75		4.80		(4.23)
Distributions from net investment income		(.63)		(.15)		(.15)		(.17) D		(.12)
Distributions from net realized gain		(1.12)		(.62)		-		(2.94) D		(.03)
Total distributions		(1.75)		(.76) E		(.15)		(3.11)		(.15)
Redemption fees added to paid in capital A		-		-		-		-		- F
Net asset value, end of period	$	23.06	$	36.27	$	30.94	$	26.34	$	24.65
Total Return G		(33.08)%		19.77%		18.13%		19.78%		(14.64)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		1.03%		1.03%		1.06%		1.09%		1.12%
Expenses net of fee waivers, if any		1.03%		1.03%		1.06%		1.09%		1.12%
Expenses net of all reductions		1.03%		1.03%		1.03%		1.06%		1.08%
Net investment income (loss)		2.31%		1.13%		.86%		1.94% C		.62%
Supplemental Data
Net assets, end of period (000 omitted)	$	696,741	$	660,307	$	312,731	$	288,485	$	394,904
Portfolio turnover rate J		63%		51%		66%		166% K		87%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.33 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been .77%.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total distributions per share do not sum due to rounding.

F Amount represents less than $.005 per share.

G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class Z

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	36.21	$	30.89	$	26.33	$	24.65	$	29.02
Income from Investment Operations
Net investment income (loss) A,B		.71		.47		.28		.57 C		.22
Net realized and unrealized gain (loss)		(12.11)		5.66		4.50		4.26		(4.41)
Total from investment operations		(11.40)		6.13		4.78		4.83		(4.19)
Distributions from net investment income		(.68)		(.20)		(.22)		(.21) D		(.15)
Distributions from net realized gain		(1.12)		(.62)		-		(2.94) D		(.03)
Total distributions		(1.80)		(.81) E		(.22)		(3.15)		(.18)
Redemption fees added to paid in capital A		-		-		-		-		- F
Net asset value, end of period	$	23.01	$	36.21	$	30.89	$	26.33	$	24.65
Total Return G		(33.01)%		19.94%		18.29%		19.93%		(14.52)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		.90%		.90%		.94%		.95%		.98%
Expenses net of fee waivers, if any		.90%		.90%		.93%		.95%		.98%
Expenses net of all reductions		.90%		.90%		.90%		.92%		.94%
Net investment income (loss)		2.43%		1.25%		.99%		2.09% C		.76%
Supplemental Data
Net assets, end of period (000 omitted)	$	856,213	$	1,127,699	$	542,418	$	90,032	$	65,453
Portfolio turnover rate J		63%		51%		66%		166% K		87%

A Calculated based on average shares outstanding during the period.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total distributions per share do not sum due to rounding.

F Amount represents less than $.005 per share.

G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2022

1. Organization.

Fidelity Advisor Focused Emerging Markets Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable.

Distributions are declared and recorded on the ex-dividend date. Income and capital gain distributions are declared separately for each class. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP. In addition, the Fund claimed a portion of the payment made to redeeming shareholders as a distribution for income tax purposes.

Book-tax differences are primarily due to foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$168,379,543
Gross unrealized depreciation	(690,668,983)
Net unrealized appreciation (depreciation)	$(522,289,440)
Tax Cost	$2,233,462,745

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$17,248,106
Capital loss carryforward	$(144,998,001)
Net unrealized appreciation (depreciation) on securities and other investments	$(522,261,141)

Short-term	$(137,064,559)
Long-term	(7,933,442)
Total capital loss carryforward	$(144,998,001)

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Ordinary Income	$37,764,731	$13,295,528
Long-term Capital Gains	66,161,223	13,857,072
Total	$103,925,954	$27,152,600

Restricted Securities (including Private Placements). Funds may invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time-consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. Information regarding restricted securities held at period end is included at the end of the Schedule of Investments, if applicable.

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Focused Emerging Markets Fund	1,756,671,640	1,228,435,672

5. Fees and Other Transactions with Affiliates.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$390,084	$10,790
Class M	.25%	.25%	193,438	214
Class C	.75%	.25%	285,604	39,059
			$869,126	$50,063

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$21,308
Class M	2,450
Class C A	565
	$24,323

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$360,388	.23
Class M	100,818	.26
Class C	74,347	.26
Class I	1,130,814	.17
Class Z	450,568	.04
	$2,116,935

	% of Average Net Assets
Fidelity Advisor Focused Emerging Markets Fund	.04

	Amount
Fidelity Advisor Focused Emerging Markets Fund	$11,138

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor Focused Emerging Markets Fund	Borrower	$10,122,217	2.28%	$38,480

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Focused Emerging Markets Fund	11,472,154	29,363,453	(15,372,293)

6. Committed Line of Credit.

	Amount
Fidelity Advisor Focused Emerging Markets Fund	$3,478

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Focused Emerging Markets Fund	$8,604	$-	$-

8. Bank Borrowings.

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor Focused Emerging Markets Fund	$5,725,900	1.24%	$1,966

9. Expense Reductions.

Through arrangements with the Fund's custodian, credits realized as a result of certain uninvested cash balances were used to reduce the Fund's expenses. During the period, custodian credits reduced the Fund's expenses by $754.

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $65,970.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Focused Emerging Markets Fund
Distributions to shareholders
Class A	$8,660,415	$3,269,063
Class M	2,051,478	815,657
Class C	1,462,486	524,769
Class I	31,181,994	7,975,616
Class Z	60,569,581	14,567,495
Total	$103,925,954	$27,152,600

11. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Focused Emerging Markets Fund
Class A
Shares sold	732,604	1,446,101	$21,550,619	$54,725,907
Reinvestment of distributions	253,984	91,216	8,427,188	3,177,059
Shares redeemed	(1,188,006)	(1,111,936)	(34,900,722)	(41,562,562)
Net increase (decrease)	(201,418)	425,381	$(4,922,915)	$16,340,404
Class M
Shares sold	100,139	268,448	$3,004,711	$9,992,297
Reinvestment of distributions	60,785	23,091	1,996,161	796,190
Shares redeemed	(263,943)	(327,828)	(7,829,465)	(12,069,870)
Net increase (decrease)	(103,019)	(36,289)	$(2,828,593)	$(1,281,383)
Class C
Shares sold	137,110	361,253	$3,891,163	$12,691,027
Reinvestment of distributions	46,491	16,009	1,438,907	521,091
Shares redeemed	(383,630)	(481,004)	(10,688,130)	(16,888,679)
Net increase (decrease)	(200,029)	(103,742)	$(5,358,060)	$(3,676,561)
Class I
Shares sold	27,816,024	14,527,820	$802,198,610	$555,294,070
Reinvestment of distributions	853,376	217,624	28,434,488	7,614,673
Shares redeemed	(16,656,406)	(6,647,608)	(483,134,283)	(251,550,539)
Net increase (decrease)	12,012,994	8,097,836	$347,498,815	$311,358,204
Class Z
Shares sold	98,299,666	26,390,119	$2,794,348,582	$988,674,538
Reinvestment of distributions	617,102	161,741	20,493,941	5,643,146
Shares redeemed	(92,852,372)	(12,964,561)	(2,572,580,829)	(475,120,543)
Net increase (decrease)	6,064,396	13,587,299	$242,261,694	$519,197,141

12. Other.

13. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and the Shareholders of Fidelity Advisor Focused Emerging Markets Fund:

Opinion on the Financial Statements and Financial Highlights

We have audited the accompanying statement of assets and liabilities of Fidelity Advisor Focused Emerging Markets Fund (the "Fund"), a fund of Fidelity Advisor Series VIII, including the schedule of investments, as of October 31, 2022, the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, the financial highlights for each of the five years in the period then ended, and the related notes. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, and the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

/s/ Deloitte & Touche LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more of the Fidelity investment companies since 1999.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Focused Emerging Markets Fund
Class A	1.35%
Actual		$ 1,000	$ 819.30	$ 6.19
Hypothetical- B		$ 1,000	$ 1,018.40	$ 6.87
Class M	1.62%
Actual		$ 1,000	$ 818.20	$ 7.42
Hypothetical- B		$ 1,000	$ 1,017.04	$ 8.24
Class C	2.12%
Actual		$ 1,000	$ 816.40	$ 9.71
Hypothetical- B		$ 1,000	$ 1,014.52	$ 10.76
Class I	1.03%
Actual		$ 1,000	$ 820.90	$ 4.73
Hypothetical- B		$ 1,000	$ 1,020.01	$ 5.24
Class Z	.90%
Actual		$ 1,000	$ 821.20	$ 4.13
Hypothetical- B		$ 1,000	$ 1,020.67	$ 4.58

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

Class A designates 100%, Class M designates 100%, Class C designates 100%; Class I designates 96%; and Class Z designates 90% of the dividends distributed in December 2021, respectively, as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

	Pay Date	Income	Taxes
Fidelity Advisor Focused Emerging Markets Fund
Class A	12/06/2021	$0.6021	$0.0831
Class M	12/06/2021	$0.4901	$0.0831
Class C	12/06/2021	$0.2911	$0.0831
Class I	12/06/2021	$0.7161	$0.0831
Class Z	12/06/2021	$0.7651	$0.0831

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Focused Emerging Markets Fund

Resources Dedicated to Investment Management and Support Services . The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Fidelity Advisor Focused Emerging Markets Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Management Fee . The Board considered two proprietary management fee comparisons for the 12-month periods ended September 30 (June 30 for periods ended 2019 and 2018 and December 31 for periods prior to 2018) shown in basis points (BP) in the chart below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than the fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than the fund. The fund's actual TMG %s and the number of funds in the Total Mapped Group are in the chart below. The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which the fund's management fee rate ranked, is also included in the chart and was considered by the Board.

Fidelity Advisor Focused Emerging Markets Fund

The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for the 12-month period ended September 30, 2021.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio . In its review of the total expense ratio of the representative class (Class I), the Board considered the fund's management fee rate as well as other fund or class expenses, as applicable, such as transfer agent fees, pricing and bookkeeping fees, fund-paid 12b-1 fees, and custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund. The fund's representative class is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure. The Board also considered a total expense ASPG comparison, which focuses on the total expenses of the representative class relative to a subset of non-Fidelity funds within the total expense similar sales load structure group. The total expense ASPG is limited to 15 larger and 15 smaller classes in fund average assets for a total of 30 classes, where possible. The total expense ASPG comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board noted that the total net expense ratio of Class I ranked below the similar sales load structure group competitive median and below the ASPG competitive median for the 12-month period ended September 30, 2021.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.809299.118

FAEM-ANN-1222

Fidelity Advisor® Overseas Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-34.13%	-0.42%	4.40%
Class M (incl.3.50% sales charge)	-32.70%	-0.16%	4.44%
Class C (incl. contingent deferred sales charge)	-31.34%	-0.04%	4.35%
Class I	-29.91%	1.07%	5.36%
Class Z	-29.79%	1.19%	5.43%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

The initial offering of Class Z shares took place on February 1, 2017. Returns prior to February 1, 2017, are those of Class I.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Overseas Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Comments from Portfolio Manager Vincent Montemaggiore:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned roughly -31% to -30%, underperforming the -22.84% result of the benchmark MSCI EAFE Index (Net MA). By region, stock picks and an overweighting in Europe ex U.K. notably hurt the fund's relative result, followed by positioning in the U.K. and Japan. By sector, the primary detractor from performance versus the benchmark was our security selection in health care, especially within the pharmaceuticals, biotechnology & life sciences industry. Stock picks and an overweighting in industrials and an overweighting in information technology also hurt. Our biggest individual relative detractor was an out-of-benchmark investment in AddLife (-77%). Our second-largest relative detractor this period was avoiding Shell, a benchmark component that gained roughly 25%. Another notable relative detractor was an outsized stake in Kingspan Group (-55%). Conversely, stock picks and an underweighting in Germany contributed to the fund's relative result. By sector, the primary contributor to performance versus the benchmark was our stock selection in information technology. An underweighting and security selection in consumer discretionary and an underweighting in real estate also moderately lifted the fund's relative result. Lastly, the fund's cash position was a notable contributor. The biggest individual relative contributor was an overweight position in Wolters Kluwer (+3%). Wolters Kluwer was among our largest holdings. Also bolstering performance was our overweighting in TotalEnergies, which gained roughly 14%. TotalEnergies was among the fund's biggest holdings. Another key contributor was our out-of-benchmark position in Marsh & McLennan (-2%). Notable changes in positioning include increased exposure to Switzerland and a lower allocation to Sweden. By sector, meaningful changes in positioning include decreased exposure to information technology and a higher allocation to financials.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Nestle SA (Reg. S) (Switzerland, Food Products)	3.6
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals)	2.9
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	2.9
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	2.6
TotalEnergies SE (France, Oil, Gas & Consumable Fuels)	2.5
Diageo PLC (United Kingdom, Beverages)	2.2
Wolters Kluwer NV (Netherlands, Professional Services)	1.9
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure)	1.7
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services)	1.6
AIA Group Ltd. (Hong Kong, Insurance)	1.6
	23.5

Market Sectors (% of Fund's net assets)

Industrials	21.9
Financials	20.8
Health Care	14.8
Information Technology	13.9
Consumer Discretionary	9.6
Consumer Staples	7.2
Materials	4.9
Energy	2.5
Real Estate	1.2
Communication Services	0.7

Asset Allocation (% of Fund's net assets)

Foreign investments - 90.5%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 97.5%
	Shares	Value ($) (000s)
Bailiwick of Jersey - 2.4%
Experian PLC	96,200	3,067
Ferguson PLC	33,300	3,632
JTC PLC (a)	109,800	880
TOTAL BAILIWICK OF JERSEY		7,579
Belgium - 0.8%
Azelis Group NV	26,800	613
KBC Group NV	40,775	2,043
TOTAL BELGIUM		2,656
Bermuda - 0.5%
Hiscox Ltd.	161,973	1,670
Canada - 1.6%
Constellation Software, Inc.	3,180	4,598
Topicus.Com, Inc. (b)	6,230	323
TOTAL CANADA		4,921
Denmark - 1.5%
DSV A/S	34,804	4,712
Finland - 1.0%
Nordea Bank ABP	337,926	3,230
France - 17.2%
Air Liquide SA	31,210	4,083
ALTEN	23,875	2,791
Antin Infrastructure Partners SA	9,500	207
BNP Paribas SA	65,300	3,062
Capgemini SA	27,919	4,576
Edenred SA	92,854	4,768
EssilorLuxottica SA	28,825	4,568
LVMH Moet Hennessy Louis Vuitton SE	14,260	8,998
Pernod Ricard SA	25,443	4,468
Safran SA	37,800	4,210
Teleperformance	16,788	4,501
TotalEnergies SE	144,700	7,894
TOTAL FRANCE		54,126
Germany - 6.9%
Allianz SE	20,623	3,710
Brenntag SE	36,200	2,196
Deutsche Borse AG	26,103	4,245
Hannover Reuck SE	22,429	3,653
Merck KGaA	28,500	4,645
Siemens Healthineers AG (a)	71,100	3,257
TOTAL GERMANY		21,706
Hong Kong - 1.7%
AIA Group Ltd.	678,700	5,141
Chervon Holdings Ltd.	32,500	110
TOTAL HONG KONG		5,251
India - 1.2%
HDFC Bank Ltd. (b)	200,084	3,631
Ireland - 3.9%
Flutter Entertainment PLC (b)	13,924	1,849
ICON PLC (b)	15,000	2,968
Kingspan Group PLC (Ireland)	49,800	2,515
Linde PLC	16,334	4,857
TOTAL IRELAND		12,189
Italy - 2.5%
FinecoBank SpA	219,563	2,960
GVS SpA (a)(b)	28,462	146
Moncler SpA	42,400	1,831
Recordati SpA	77,520	2,913
TOTAL ITALY		7,850
Japan - 11.0%
BayCurrent Consulting, Inc.	27,000	761
Capcom Co. Ltd.	44,900	1,252
FUJIFILM Holdings Corp.	51,500	2,362
Hoya Corp.	48,331	4,510
Iriso Electronics Co. Ltd.	23,784	691
Misumi Group, Inc.	97,900	2,094
NOF Corp.	44,671	1,538
Olympus Corp.	181,176	3,826
Persol Holdings Co. Ltd.	131,460	2,640
Relo Group, Inc.	80,546	1,139
SMC Corp.	6,686	2,684
Sony Group Corp.	68,024	4,587
Suzuki Motor Corp.	67,471	2,278
TIS, Inc.	72,727	1,964
Tokyo Electron Ltd.	8,627	2,270
TOTAL JAPAN		34,596
Kenya - 0.3%
Safaricom Ltd.	4,605,600	953
Luxembourg - 0.9%
Eurofins Scientific SA	42,900	2,746
Netherlands - 7.0%
ASM International NV (Netherlands)	10,500	2,333
ASML Holding NV (Netherlands)	17,506	8,212
Euronext NV (a)	29,875	1,898
IMCD NV	28,850	3,743
Wolters Kluwer NV	56,241	5,978
TOTAL NETHERLANDS		22,164
Spain - 1.2%
Amadeus IT Holding SA Class A (b)	72,296	3,771
Sweden - 4.8%
Addlife AB	124,837	1,167
AddTech AB (B Shares)	165,787	2,006
Atlas Copco AB (A Shares)	338,492	3,613
Hexagon AB (B Shares)	379,237	3,749
Indutrade AB	199,025	3,485
Kry International AB (b)(c)(d)	156	27
Nordnet AB	79,000	980
TOTAL SWEDEN		15,027
Switzerland - 13.7%
Compagnie Financiere Richemont SA Series A	45,700	4,466
Julius Baer Group Ltd.	58,437	2,804
Nestle SA (Reg. S)	102,895	11,196
Partners Group Holding AG	3,220	2,892
Roche Holding AG (participation certificate)	27,254	9,043
Sika AG	20,268	4,570
Sonova Holding AG	13,761	3,253
Zurich Insurance Group Ltd.	11,162	4,757
TOTAL SWITZERLAND		42,981
Taiwan - 0.4%
Taiwan Semiconductor Manufacturing Co. Ltd.	106,300	1,277
United Kingdom - 10.0%
BAE Systems PLC	292,900	2,740
Beazley PLC	196,144	1,405
Compass Group PLC	255,854	5,389
Dechra Pharmaceuticals PLC	45,884	1,379
Diageo PLC	164,776	6,781
Diploma PLC	83,267	2,374
RELX PLC (London Stock Exchange)	192,284	5,165
Rentokil Initial PLC	581,533	3,629
St. James's Place PLC	128,900	1,574
Volution Group PLC	320,051	1,134
TOTAL UNITED KINGDOM		31,570
United States of America - 7.0%
Ares Management Corp.	11,323	859
CBRE Group, Inc. (b)	37,100	2,632
Equifax, Inc.	7,900	1,339
Intercontinental Exchange, Inc.	28,578	2,731
Marsh & McLennan Companies, Inc.	31,030	5,011
Moody's Corp.	9,900	2,622
Pool Corp.	1,200	365
S&P Global, Inc.	11,831	3,801
Thermo Fisher Scientific, Inc.	5,200	2,673
TOTAL UNITED STATES OF AMERICA		22,033
TOTAL COMMON STOCKS (Cost $277,420)		306,639

Nonconvertible Preferred Stocks - 0.0%
	Shares	Value ($) (000s)
Sweden - 0.0%
Kry International AB Series E (b)(c)(d) (Cost $412)	901	158

Money Market Funds - 1.9%
	Shares	Value ($) (000s)
Fidelity Cash Central Fund 3.10% (e) (Cost $5,991)	5,990,095	5,991

TOTAL INVESTMENT IN SECURITIES - 99.4% (Cost $283,823)	312,788
NET OTHER ASSETS (LIABILITIES) - 0.6%	1,752
NET ASSETS - 100.0%	314,540

Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

(a)	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 $6,181,000 or 2.0% of net assets.

(b)	Non-income producing

(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 $185,000 or 0.1% of net assets.

(d)	Level 3 security

(e)

Additional information on each restricted holding is as follows:
Security	Acquisition Date	Acquisition Cost ($) (000s)
Kry International AB	5/14/21	68

Kry International AB Series E	5/14/21	412

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 (Amounts in thousands)	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 3.10%	18,433	143,794	156,236	73	-	-	5,991	0.0%
Fidelity Securities Lending Cash Central Fund 3.10%	-	37,079	37,079	26	-	-	-	0.0%
Total	18,433	180,873	193,315	99	-	-	5,991

Investment Valuation

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	2,205	2,205	-	-
Consumer Discretionary	29,873	6,433	23,440	-
Consumer Staples	22,445	4,468	17,977	-
Energy	7,894	-	7,894	-
Financials	65,766	36,373	29,393	-
Health Care	46,948	30,003	16,945	-
Industrials	68,977	41,673	27,304	-
Information Technology	43,870	19,830	23,855	185
Materials	15,048	6,395	8,653	-
Real Estate	3,771	3,771	-	-

Money Market Funds	5,991	5,991	-	-
Total Investments in Securities:	312,788	157,142	155,461	185

Financial Statements

Statement of Assets and Liabilities
Amounts in thousands (except per-share amounts)			October 31, 2022

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $277,832)	$306,797
Fidelity Central Funds (cost $5,991)	5,991

Total Investment in Securities (cost $283,823)		$	312,788
Foreign currency held at value (cost $25)			24
Receivable for investments sold			620
Receivable for fund shares sold			85
Dividends receivable			317
Reclaims receivable			1,470
Distributions receivable from Fidelity Central Funds			19
Prepaid expenses			1
Other receivables			65
Total assets			315,389
Liabilities
Payable for investments purchased	$212
Payable for fund shares redeemed	190
Accrued management fee	192
Distribution and service plan fees payable	70
Other affiliated payables	53
Deferred taxes	55
Audit fee payable	62
Other payables and accrued expenses	15
Total Liabilities			849
Net Assets		$	314,540
Net Assets consist of:
Paid in capital		$	326,076
Total accumulated earnings (loss)			(11,536)
Net Assets		$	314,540

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($35,010 ÷ 1,503 shares) (a)		$	23.29
Maximum offering price per share (100/94.25 of $23.29)		$	24.71
Class M :
Net Asset Value and redemption price per share ($149,628 ÷ 6,273 shares) (a)		$	23.85
Maximum offering price per share (100/96.50 of $23.85)		$	24.72
Class C :
Net Asset Value and offering price per share ($2,673 ÷ 121 shares) (a)(b)		$	22.15
Class I :
Net Asset Value , offering price and redemption price per share ($47,661 ÷ 1,983 shares)		$	24.03
Class Z :
Net Asset Value , offering price and redemption price per share ($79,568 ÷ 3,311 shares)		$	24.03
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
(b)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or units

Statement of Operations
Amounts in thousands				Year ended October 31, 2022
Investment Income
Dividends			$	9,106
Foreign Tax Reclaims				637
Income from Fidelity Central Funds (including $26 from security lending)				99
Income before foreign taxes withheld				9,842
Less foreign taxes withheld				(1,654)
Total Income				8,188
Expenses
Management fee
Basic fee	$	2,850
Performance adjustment		568
Transfer agent fees		627
Distribution and service plan fees		1,091
Accounting fees		224
Custodian fees and expenses		73
Independent trustees' fees and expenses		2
Registration fees		91
Audit		93
Legal		2
Interest		13
Miscellaneous		1
Total expenses before reductions		5,635
Expense reductions		(14)
Total expenses after reductions				5,621
Net Investment income (loss)				2,567
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers(net of foreign taxes of $146)		(40,884)
Foreign currency transactions		(255)
Total net realized gain (loss)				(41,139)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $189)		(131,449)
Assets and liabilities in foreign currencies		(167)
Total change in net unrealized appreciation (depreciation)				(131,616)
Net gain (loss)				(172,755)
Net increase (decrease) in net assets resulting from operations			$	(170,188)

Statement of Changes in Net Assets

Amount in thousands		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	2,567	$	(504)
Net realized gain (loss)		(41,139)		62,232
Change in net unrealized appreciation (depreciation)		(131,616)		84,228
Net increase (decrease) in net assets resulting from operations		(170,188)		145,956
Distributions to shareholders		(10,213)		-
Share transactions - net increase (decrease)		3,366		(66,986)
Total increase (decrease) in net assets		(177,035)		78,970

Net Assets
Beginning of period		491,575		412,605
End of period	$	314,540	$	491,575

Financial Highlights

Fidelity Advisor® Overseas Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	34.07	$	24.73	$	24.27	$	22.48	$	25.20
Income from Investment Operations
Net investment income (loss) A,B		.14		(.04)		(.02)		.35		.28
Net realized and unrealized gain (loss)		(10.20)		9.38		.83		2.38		(2.10)
Total from investment operations		(10.06)		9.34		.81		2.73		(1.82)
Distributions from net investment income		-		-		(.35)		(.21)		(.22)
Distributions from net realized gain		(.72)		-		-		(.73)		(.69)
Total distributions		(.72)		-		(.35)		(.94)		(.90) C
Net asset value, end of period	$	23.29	$	34.07	$	24.73	$	24.27	$	22.48
Total Return D,E		(30.12)%		37.77%		3.33%		12.86%		(7.48)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.36%		1.43%		1.49%		1.21%		1.21%
Expenses net of fee waivers, if any		1.36%		1.43%		1.49%		1.21%		1.21%
Expenses net of all reductions		1.36%		1.43%		1.48%		1.19%		1.20%
Net investment income (loss)		.51%		(.12)%		(.08)%		1.53%		1.13%
Supplemental Data
Net assets, end of period (in millions)	$	35	$	56	$	46	$	49	$	44
Portfolio turnover rate H		46%		33% I		46%		45% I		39%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Total returns do not include the effect of the sales charges.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	34.94	$	25.41	$	24.94	$	23.06	$	25.84
Income from Investment Operations
Net investment income (loss) A,B		.09		(.11)		(.07)		.31		.23
Net realized and unrealized gain (loss)		(10.46)		9.64		.84		2.45		(2.15)
Total from investment operations		(10.37)		9.53		.77		2.76		(1.92)
Distributions from net investment income		-		-		(.30)		(.15)		(.17)
Distributions from net realized gain		(.72)		-		-		(.73)		(.69)
Total distributions		(.72)		-		(.30)		(.88)		(.86)
Net asset value, end of period	$	23.85	$	34.94	$	25.41	$	24.94	$	23.06
Total Return C,D		(30.26)%		37.50%		3.09%		12.65%		(7.71)%
Ratios to Average Net Assets B,E,F
Expenses before reductions		1.57%		1.65%		1.71%		1.42%		1.44%
Expenses net of fee waivers, if any		1.57%		1.65%		1.70%		1.42%		1.43%
Expenses net of all reductions		1.57%		1.65%		1.70%		1.40%		1.43%
Net investment income (loss)		.30%		(.34)%		(.29)%		1.32%		.90%
Supplemental Data
Net assets, end of period (in millions)	$	150	$	238	$	194	$	221	$	218
Portfolio turnover rate G		46%		33% H		46%		45% H		39%

A Calculated based on average shares outstanding during the period.

C Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

D Total returns do not include the effect of the sales charges.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

H Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	32.69	$	23.92	$	23.46	$	21.72	$	24.41
Income from Investment Operations
Net investment income (loss) A,B		(.08)		(.28)		(.21)		.15		.07
Net realized and unrealized gain (loss)		(9.74)		9.05		.80		2.32		(2.02)
Total from investment operations		(9.82)		8.77		.59		2.47		(1.95)
Distributions from net investment income		-		-		(.13)		-		(.06)
Distributions from net realized gain		(.72)		-		-		(.73)		(.69)
Total distributions		(.72)		-		(.13)		(.73)		(.74) C
Net asset value, end of period	$	22.15	$	32.69	$	23.92	$	23.46	$	21.72
Total Return D,E		(30.66)%		36.66%		2.50%		11.94%		(8.23)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		2.16%		2.25%		2.31%		2.03%		2.03%
Expenses net of fee waivers, if any		2.16%		2.25%		2.31%		2.03%		2.03%
Expenses net of all reductions		2.16%		2.25%		2.30%		2.02%		2.02%
Net investment income (loss)		(.29)%		(.94)%		(.89)%		.70%		.31%
Supplemental Data
Net assets, end of period (in millions)	$	3	$	5	$	5	$	6	$	13
Portfolio turnover rate H		46%		33% I		46%		45% I		39%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns do not include the effect of the contingent deferred sales charge.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	35.03	$	25.35	$	24.79	$	22.99	$	25.74
Income from Investment Operations
Net investment income (loss) A,B		.23		.06		.07		.42		.36
Net realized and unrealized gain (loss)		(10.51)		9.62		.84		2.43		(2.15)
Total from investment operations		(10.28)		9.68		.91		2.85		(1.79)
Distributions from net investment income		-		-		(.35)		(.32)		(.28)
Distributions from net realized gain		(.72)		-		-		(.73)		(.69)
Total distributions		(.72)		-		(.35)		(1.05)		(.96) C
Net asset value, end of period	$	24.03	$	35.03	$	25.35	$	24.79	$	22.99
Total Return D		(29.91)%		38.19%		3.68%		13.21%		(7.23)%
Ratios to Average Net Assets B,E,F
Expenses before reductions		1.08%		1.12%		1.15%		.91%		.92%
Expenses net of fee waivers, if any		1.08%		1.12%		1.15%		.91%		.92%
Expenses net of all reductions		1.08%		1.12%		1.14%		.90%		.91%
Net investment income (loss)		.79%		.19%		.27%		1.82%		1.42%
Supplemental Data
Net assets, end of period (in millions)	$	48	$	85	$	121	$	117	$	305
Portfolio turnover rate G		46%		33% H		46%		45% H		39%

A Calculated based on average shares outstanding during the period.

C Total distributions per share do not sum due to rounding.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

H Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class Z

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	34.97	$	25.28	$	24.79	$	23.00	$	25.76
Income from Investment Operations
Net investment income (loss) A,B		.27		.09		.09		.45		.38
Net realized and unrealized gain (loss)		(10.49)		9.60		.84		2.43		(2.14)
Total from investment operations		(10.22)		9.69		.93		2.88		(1.76)
Distributions from net investment income		-		-		(.44)		(.36)		(.31)
Distributions from net realized gain		(.72)		-		-		(.73)		(.69)
Total distributions		(.72)		-		(.44)		(1.09)		(1.00)
Net asset value, end of period	$	24.03	$	34.97	$	25.28	$	24.79	$	23.00
Total Return C,D		(29.79)%		38.33%		3.77%		13.38%		(7.13)%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.94%		1.02%		1.07%		.77%		.79%
Expenses net of fee waivers, if any		.93%		1.02%		1.06%		.77%		.79%
Expenses net of all reductions		.93%		1.02%		1.05%		.76%		.78%
Net investment income (loss)		.94%		.29%		.35%		1.96%		1.55%
Supplemental Data
Net assets, end of period (in millions)	$	80	$	108	$	47	$	38	$	47
Portfolio turnover rate G		46%		33% H		46%		45% H		39%

A Calculated based on average shares outstanding during the period.

C Total returns for periods of less than one year are not annualized.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

H Portfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2022

( Amounts in thousands except percentages)

1. Organization.

Fidelity Advisor Overseas Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2022, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Deferred taxes on the Statement of Assets & Liabilities.

Book-tax differences are primarily due to foreign currency transactions, certain foreign taxes, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$55,692
Gross unrealized depreciation	(29,326)
Net unrealized appreciation (depreciation)	$26,366
Tax Cost	$286,422

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$1,425
Undistributed long-term capital gain	$(39,074)
Net unrealized appreciation (depreciation) on securities and other investments	$26,169

Short-term	$(37,088)
Long-term	(1,986)
Total capital loss carryforward	$(39,074)

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Long-term Capital Gain	$10,213	$-

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Overseas Fund	203,302	197,101

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is the sum of an individual fund fee rate that is based on an annual rate of .424% of the Fund's average net assets and an annualized group fee rate that averaged .23% during the period. The group fee rate is based upon the monthly average net assets of a group of registered investment companies with which the investment adviser has management contracts. The group fee rate decreases as assets under management increase and increases as assets under management decrease. In addition, the management fee is subject to a performance adjustment (up to a maximum of +/- .20% of the Fund's average net assets over a 36 month performance period). The upward or downward adjustment to the management fee is based on the investment performance of the asset-weighted return of all classes as compared to its benchmark index, the MSCI EAFE Index, over the same 36 month performance period. For the reporting period, the total annual management fee rate, including the performance adjustment, was .78% of the Fund's average net assets. The performance adjustment included in the management fee rate may be higher or lower than the maximum performance adjustment rate due to the difference between the average net assets for the reporting and performance periods.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$110	$2
Class M	.25%	.25%	945	4
Class C	.75%	.25%	36	3
			$1,091	$9

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$5
Class M	1
Class C A	- B
	$6

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

B In the amount of less than five hundred dollars.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$95	.22
Class M	326	.17
Class C	10	.27
Class I	144	.19
Class Z	52	.04
	$627

	% of Average Net Assets
Fidelity Advisor Overseas Fund	.05

	Amount
Fidelity Advisor Overseas Fund	$- A

A In the amount of less than five hundred dollars.

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor Overseas Fund	Borrower	$11,987	1.81%	$1

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Overseas Fund	8,968	45,405	(15,407)

Prior Fiscal Year Affiliated Redemptions In-Kind. Shares that were redeemed in-kind for investments, including accrued interest and cash, if any, are shown in the table below; along with realized gain or loss on investments delivered through in-kind redemptions. The amount of the in-kind redemptions is included in share transactions in the accompanying Statement of Changes in Net Assets. There was no gain or loss for federal income tax purposes.

	Shares	Total net realized gain or loss ($)	Total Proceeds ($)	Participating classes
Fidelity Advisor Overseas Fund	3,075	36,597	98,197	Class I

6. Committed Line of Credit.

	Amount
Fidelity Advisor Overseas Fund	$1

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Overseas Fund	$3	$-	$-

8. Bank Borrowings.

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor Overseas Fund	$51,605	2.08%	$12

9. Expense Reductions.

During the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $14.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Overseas Fund
Distributions to shareholders
Class A	$1,176	$-
Class M	4,856	-
Class C	105	-
Class I	1,736	-
Class Z	2,340	-
Total	$10,213	$-

11. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Overseas Fund
Class A
Shares sold	96	157	$2,742	$4,980
Reinvestment of distributions	34	-	1,106	-
Shares redeemed	(269)	(363)	(7,683)	(11,120)
Net increase (decrease)	(139)	(206)	$(3,835)	$(6,140)
Class M
Shares sold	720	798	$20,697	$25,071
Reinvestment of distributions	145	-	4,791	-
Shares redeemed	(1,412)	(1,599)	(40,564)	(50,701)
Net increase (decrease)	(547)	(801)	$(15,076)	$(25,630)
Class C
Shares sold	14	13	$353	$421
Reinvestment of distributions	3	-	99	-
Shares redeemed	(45)	(88)	(1,241)	(2,670)
Net increase (decrease)	(28)	(75)	$(789)	$(2,249)
Class I
Shares sold	1,779	1,095	$55,143	$35,905
Reinvestment of distributions	47	-	1,556	-
Shares redeemed	(2,261)	(3,462)	(60,496)	(110,605)
Net increase (decrease)	(435)	(2,367)	$(3,797)	$(74,700)
Class Z
Shares sold	3,671	1,620	$115,070	$53,591
Reinvestment of distributions	30	-	982	-
Shares redeemed	(3,471)	(381)	(89,189)	(11,857)
Net increase (decrease)	230	1,239	$26,863	$41,734

12. Other.

13. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and Shareholders of Fidelity Advisor Overseas Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity Advisor Overseas Fund (one of the funds constituting Fidelity Advisor Series VIII, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Fund's management. Our responsibility is to express an opinion on the Fund's financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Fund in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Overseas Fund
Class A	1.30%
Actual		$ 1,000	$ 861.00	$ 6.10
Hypothetical- B		$ 1,000	$ 1,018.65	$ 6.61
Class M	1.50%
Actual		$ 1,000	$ 860.10	$ 7.03
Hypothetical- B		$ 1,000	$ 1,017.64	$ 7.63
Class C	2.08%
Actual		$ 1,000	$ 857.50	$ 9.74
Hypothetical- B		$ 1,000	$ 1,014.72	$ 10.56
Class I	.99%
Actual		$ 1,000	$ 862.20	$ 4.65
Hypothetical- B		$ 1,000	$ 1,020.21	$ 5.04
Class Z	.86%
Actual		$ 1,000	$ 862.80	$ 4.04
Hypothetical- B		$ 1,000	$ 1,020.87	$ 4.38

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Overseas Fund

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers, the use of brokerage commissions to pay fund expenses, and the use of "soft" commission dollars to pay for research services.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) reducing management fees and total expenses for certain target date funds and classes and index funds; (vii) lowering expenses for certain existing funds and classes by implementing or lowering expense caps; (viii) rationalizing product lines and gaining increased efficiencies from fund mergers and liquidations; (ix) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (x) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance . The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history. The Board noted that the fund had a portfolio manager change in October 2020. The Board will continue to monitor closely the fund's performance, taking into account the portfolio manager change.

Fidelity Advisor Overseas Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Fidelity Advisor Overseas Fund

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

The Board noted that the total net expense ratio of Class I ranked above the similar sales load structure group competitive median and below the ASPG competitive median for the 12-month period ended September 30, 2021. The Board considered that, in general, various factors can affect total expense ratios. The Board also considered that the total expense ratio for Class I was above the similar sales load structure group competitive median due to a positive performance adjustment. The Board noted that the fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes vary primarily by the level of their 12b-1 fees, although differences in transfer agent fees may also cause expenses to vary from class to class.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.538536.125

OS-ANN-1222

Fidelity Advisor® Global Capital Appreciation Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-29.69%	1.23%	7.76%
Class M (incl.3.50% sales charge)	-28.17%	1.45%	7.73%
Class C (incl. contingent deferred sales charge)	-26.61%	1.68%	7.76%
Class I	-25.14%	2.78%	8.74%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Global Capital Appreciation Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Global equities returned -19.69% for the 12 months ending October 31, 2022, according to the MSCI ACWI (All Country World Index) Index. After gaining 18.90% in 2021, global stocks retreated to begin the new year, as a multitude of risk factors challenged the global economy and financial markets. Persistently high inflation in some markets, exacerbated by energy price shocks from the Russia-Ukraine conflict, spurred the U.S. Federal Reserve and other central banks to aggressively tighten monetary policy, and market interest rates eclipsed their highest level in roughly a decade, stoking recession fears and sending stocks into bear market territory. Other factors influencing equities abroad included surging global commodity prices, rising sovereign bond yields in some markets, ongoing global supply-chain disruption, a broadly strong U.S. dollar and the potential for variants of the coronavirus to upend global economic growth. Against this backdrop, the index returned -20.91% year to date through October. For the full 12 months, emerging markets (-31%) lagged most, followed by Europe ex U.K. (-25%) and Japan (-24%). In contrast, the U.K. (-12%), Canada (-13%) and the U.S. (-17%) all outperformed. By sector, communication services (-39%) and consumer discretionary (-33%) fared worst, whereas energy (+30%) rode a surge in commodity prices and topped the market by a wide margin.

Comments from Portfolio Manager Bill Bower:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned about -26% to -25%, trailing the -19.69% result of the benchmark, the MSCI AC World (Net MA) Index. By region, stock picks in the U.S. and the U.K. detracted from the fund's performance relative to its benchmark. By sector, stock selection and an overweighting in communication services, primarily within the media & entertainment industry, notably hurt relative performance. Stock picking and an underweighting in the health care sector, especially within the pharmaceuticals, biotechnology & life sciences industry, also detracted. Also holding back our relative result was an underweighting and stock picks in consumer staples, primarily within the food, beverage & tobacco industry. Our non-benchmark investment in S4 Capital was the fund's biggest individual relative detractor, due to its roughly -79% result. We decreased our position in the company the past year. Also hurting performance was our overweighting in Meta Platforms, which returned -56%. Meta Platforms was not held at period end. Also hampering performance was our overweighting in Sartorius Stedim Biotech, which returned approximately -43%. We reduced our stake the past 12 months. In contrast, an underweighting in emerging markets and stock picks in Canada contributed most to the fund's relative result. By sector, the top contributor to performance versus the benchmark was stock selection in consumer discretionary, primarily driven by the consumer durables & apparel industry. An overweighting in energy also bolstered the fund's relative result. Also boosting the fund's relative result was security selection in financials, especially within the banks industry. The fund's biggest individual relative contributor was an outsized stake in Canadian National Resources, which gained about 49% the past year. Also bolstering performance was our overweighting in Halliburton, which gained 50%. We decreased our investment in Halliburton the past 12 months. Another notable relative contributor was an outsized stake in Axis Bank (+10%), which was one of our largest holdings at period end.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Microsoft Corp. (United States of America, Software)	6.1
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals)	4.3
Alphabet, Inc. Class A (United States of America, Interactive Media & Services)	4.0
Deckers Outdoor Corp. (United States of America, Textiles, Apparel & Luxury Goods)	3.5
Wells Fargo & Co. (United States of America, Banks)	3.5
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	3.3
AMETEK, Inc. (United States of America, Electrical Equipment)	3.0
Axis Bank Ltd. (India, Banks)	3.0
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services)	2.9
MasterCard, Inc. Class A (United States of America, IT Services)	2.7
	36.3

Market Sectors (% of Fund's net assets)

Information Technology	27.5
Financials	19.6
Industrials	11.8
Consumer Discretionary	10.3
Health Care	9.8
Communication Services	8.1
Energy	6.9
Materials	0.9

Asset Allocation (% of Fund's net assets)

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 93.3%
	Shares	Value ($)
Australia - 0.9%
Iluka Resources Ltd.	135,831	751,549
Bermuda - 1.0%
Hafnia Ltd.	163,100	840,904
Canada - 4.5%
Canadian Natural Resources Ltd.	35,300	2,115,882
Canadian Pacific Railway Ltd.	8,100	603,369
Tourmaline Oil Corp.	16,600	935,307
TOTAL CANADA		3,654,558
Cayman Islands - 0.9%
Tencent Holdings Ltd.	27,600	725,240
Denmark - 1.3%
DSV A/S	7,800	1,055,971
France - 5.2%
LVMH Moet Hennessy Louis Vuitton SE	4,200	2,650,179
Sartorius Stedim Biotech	1,900	603,109
Teleperformance	3,500	938,393
TOTAL FRANCE		4,191,681
Hong Kong - 1.4%
AIA Group Ltd.	146,200	1,107,435
India - 7.1%
Axis Bank Ltd.	217,300	2,378,277
HDFC Bank Ltd. (a)	103,400	1,876,494
Reliance Industries Ltd.	23,900	736,113
TCNS Clothing Co. Ltd. (a)(b)	101,700	751,263
TOTAL INDIA		5,742,147
Indonesia - 1.4%
PT Bank Central Asia Tbk	1,965,200	1,108,752
Ireland - 2.3%
Accenture PLC Class A	6,700	1,902,130
Japan - 3.7%
Hitachi Ltd.	29,200	1,327,496
Hoya Corp.	9,300	867,800
Keyence Corp.	2,200	833,276
TOTAL JAPAN		3,028,572
Netherlands - 3.0%
ASML Holding NV (Netherlands)	3,400	1,594,896
NXP Semiconductors NV	6,000	876,480
TOTAL NETHERLANDS		2,471,376
Spain - 1.2%
Amadeus IT Holding SA Class A (a)	19,500	1,017,028
Sweden - 0.4%
Beijer Ref AB (B Shares)	18,500	287,020
Switzerland - 1.5%
Roche Holding AG (participation certificate)	3,640	1,207,745
Taiwan - 0.8%
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	10,300	633,965
United Kingdom - 1.5%
Discoverie Group PLC	92,175	787,512
S4 Capital PLC (a)	98,832	199,139
Starling Bank Ltd. Series D (a)(c)(d)	72,300	233,816
TOTAL UNITED KINGDOM		1,220,467
United States of America - 55.2%
Activision Blizzard, Inc.	13,900	1,011,920
Adobe, Inc. (a)	4,200	1,337,700
Alphabet, Inc. Class A (a)	34,000	3,213,340
Amazon.com, Inc. (a)	15,300	1,567,332
American Express Co.	14,100	2,093,145
AMETEK, Inc.	18,500	2,398,710
Amphenol Corp. Class A	12,700	963,041
Apple, Inc.	22,800	3,496,152
Cigna Corp.	5,400	1,744,524
Cintas Corp.	2,900	1,239,895
Deckers Outdoor Corp. (a)	8,100	2,834,433
Halliburton Co.	27,400	997,908
Intercontinental Exchange, Inc.	13,900	1,328,423
Interpublic Group of Companies, Inc.	49,100	1,462,689
JPMorgan Chase & Co.	8,900	1,120,332
Lockheed Martin Corp.	1,800	876,024
Marvell Technology, Inc.	21,200	841,216
MasterCard, Inc. Class A	6,800	2,231,624
Microsoft Corp.	21,450	4,979,189
NVIDIA Corp.	6,700	904,299
Pure Storage, Inc. Class A (a)	8,300	256,138
S&P Global, Inc.	5,300	1,702,625
Thermo Fisher Scientific, Inc.	2,200	1,130,734
UnitedHealth Group, Inc.	4,200	2,331,630
Wells Fargo & Co.	61,400	2,823,786
TOTAL UNITED STATES OF AMERICA		44,886,809
TOTAL COMMON STOCKS (Cost $63,884,829)		75,833,349

Preferred Stocks - 1.6%
	Shares	Value ($)
Convertible Preferred Stocks - 0.7%
United States of America - 0.7%
Wasabi Holdings, Inc. Series C (a)(c)(d)	50,623	584,696
Nonconvertible Preferred Stocks - 0.9%
Korea (South) - 0.9%
Samsung Electronics Co. Ltd.	20,000	746,854
TOTAL PREFERRED STOCKS (Cost $1,281,810)		1,331,550

Money Market Funds - 5.0%
	Shares	Value ($)
Fidelity Cash Central Fund 3.10% (e) (Cost $4,041,859)	4,041,051	4,041,859

TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $69,208,498)	81,206,758
NET OTHER ASSETS (LIABILITIES) - 0.1%	99,569
NET ASSETS - 100.0%	81,306,327

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

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 $751,263 or 0.9% 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 $818,512 or 1.0% of net assets.

(d)	Level 3 security

(e)

Additional information on each restricted holding is as follows:
Security	Acquisition Date	Acquisition Cost ($)
Starling Bank Ltd. Series D	6/18/21 - 4/05/22	138,336

Wasabi Holdings, Inc. Series C	3/31/21 - 4/30/21	549,998

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 3.10%	4,678,689	30,913,452	31,550,282	34,410	-	-	4,041,859	0.0%
Fidelity Securities Lending Cash Central Fund 3.10%	1,086,800	19,254,520	20,341,320	1,642	-	-	-	0.0%
Total	5,765,489	50,167,972	51,891,602	36,052	-	-	4,041,859

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	6,612,328	5,887,088	725,240	-
Consumer Discretionary	8,387,903	5,153,028	2,650,179	584,696
Energy	5,626,114	5,626,114	-	-
Financials	15,773,085	12,555,340	2,983,929	233,816
Health Care	7,885,542	6,677,797	1,207,745	-
Industrials	9,514,390	9,514,390	-	-
Information Technology	22,613,988	20,002,064	2,611,924	-
Materials	751,549	751,549	-	-

Money Market Funds	4,041,859	4,041,859	-	-
Total Investments in Securities:	81,206,758	70,209,229	10,179,017	818,512

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:


Investments in Securities:
Beginning Balance	$	665,670
Net Realized Gain (Loss) on Investment Securities		-
Net Unrealized Gain (Loss) on Investment Securities		131,255
Cost of Purchases		21,587
Proceeds of Sales		-
Amortization/Accretion		-
Transfers into Level 3		-
Transfers out of Level 3		-
Ending Balance	$	818,512
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022	$	131,255
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Financial Statements

Statement of Assets and Liabilities
			October 31, 2022

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $65,166,639)	$77,164,899
Fidelity Central Funds (cost $4,041,859)	4,041,859

Total Investment in Securities (cost $69,208,498)		$	81,206,758
Cash			958
Foreign currency held at value (cost $143)			145
Receivable for investments sold			130,103
Receivable for fund shares sold			7,799
Dividends receivable			39,294
Reclaims receivable			51,213
Distributions receivable from Fidelity Central Funds			10,348
Prepaid expenses			133
Receivable from investment adviser for expense reductions			4,381
Other receivables			39,776
Total assets			81,490,908
Liabilities
Payable for fund shares redeemed	$26,988
Accrued management fee	46,381
Transfer agent fee payable	13,180
Distribution and service plan fees payable	16,339
Other affiliated payables	2,340
Other payables and accrued expenses	79,353
Total Liabilities			184,581
Net Assets		$	81,306,327
Net Assets consist of:
Paid in capital		$	69,700,591
Total accumulated earnings (loss)			11,605,736
Net Assets		$	81,306,327

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($28,068,678 ÷ 1,682,766 shares) (a)		$	16.68
Maximum offering price per share (100/94.25 of $16.68)		$	17.70
Class M :
Net Asset Value and redemption price per share ($16,272,879 ÷ 1,041,389 shares) (a)		$	15.63
Maximum offering price per share (100/96.50 of $15.63)		$	16.20
Class C :
Net Asset Value and offering price per share ($4,906,732 ÷ 364,339 shares) (a)		$	13.47
Class I :
Net Asset Value , offering price and redemption price per share ($32,058,038 ÷ 1,791,653 shares)		$	17.89
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations
				Year ended October 31, 2022
Investment Income
Dividends			$	999,066
Income from Fidelity Central Funds (including $1,642 from security lending)				36,052
Income before foreign taxes withheld				1,035,118
Less foreign taxes withheld				(65,649)
Total Income				969,469
Expenses
Management fee
Basic fee	$	673,049
Performance adjustment		(11,331)
Transfer agent fees		182,304
Distribution and service plan fees		242,782
Accounting fees		37,515
Custodian fees and expenses		7,251
Independent trustees' fees and expenses		348
Registration fees		55,619
Audit		67,764
Legal		5,908
Miscellaneous		580
Total expenses before reductions		1,261,789
Expense reductions		(9,327)
Total expenses after reductions				1,252,462
Net Investment income (loss)				(282,993)
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		(130,027)
Foreign currency transactions		(11,583)
Total net realized gain (loss)				(141,610)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of increase in deferred foreign taxes of $9,352)		(29,150,605)
Assets and liabilities in foreign currencies		(12,575)
Total change in net unrealized appreciation (depreciation)				(29,163,180)
Net gain (loss)				(29,304,790)
Net increase (decrease) in net assets resulting from operations			$	(29,587,783)

Statement of Changes in Net Assets

		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	(282,993)	$	(445,610)
Net realized gain (loss)		(141,610)		12,394,934
Change in net unrealized appreciation (depreciation)		(29,163,180)		17,307,359
Net increase (decrease) in net assets resulting from operations		(29,587,783)		29,256,683
Distributions to shareholders		(9,072,211)		-
Share transactions - net increase (decrease)		(239,167)		(6,655,855)
Total increase (decrease) in net assets		(38,899,161)		22,600,828

Net Assets
Beginning of period		120,205,488		97,604,660
End of period	$	81,306,327	$	120,205,488

Financial Highlights

Fidelity Advisor® Global Capital Appreciation Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	24.21	$	18.53	$	15.65	$	16.48	$	20.21
Income from Investment Operations
Net investment income (loss) A,B		(.06)		(.09) C		(.08)		.10		.05
Net realized and unrealized gain (loss)		(5.64)		5.77		3.03		.50		(1.22)
Total from investment operations		(5.70)		5.68		2.95		.60		(1.17)
Distributions from net investment income		-		-		(.07)		(.02)		(.04)
Distributions from net realized gain		(1.83)		-		-		(1.41)		(2.52)
Total distributions		(1.83)		-		(.07)		(1.43)		(2.56)
Redemption fees added to paid in capital A		-		-		-		-		- D
Net asset value, end of period	$	16.68	$	24.21	$	18.53	$	15.65	$	16.48
Total Return E,F		(25.40)%		30.65%		18.89%		4.39%		(6.74)%
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.31%		1.15%		1.23%		1.14%		1.39%
Expenses net of fee waivers, if any		1.30%		1.15%		1.23%		1.14%		1.39%
Expenses net of all reductions		1.30%		1.15%		1.21%		1.14%		1.37%
Net investment income (loss)		(.32)%		(.42)% C		(.45)%		.66%		.26%
Supplemental Data
Net assets, end of period (000 omitted)	$	28,069	$	40,398	$	31,247	$	30,046	$	33,589
Portfolio turnover rate I		42%		58%		44%		142%		99%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.02 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.50)%.

D Amount represents less than $.005 per share.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Advisor® Global Capital Appreciation Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	22.85	$	17.54	$	14.82	$	15.70	$	19.37
Income from Investment Operations
Net investment income (loss) A,B		(.10)		(.14) C		(.12)		.05		-
Net realized and unrealized gain (loss)		(5.29)		5.45		2.87		.48		(1.15)
Total from investment operations		(5.39)		5.31		2.75		.53		(1.15)
Distributions from net investment income		-		-		(.03)		-		-
Distributions from net realized gain		(1.83)		-		-		(1.41)		(2.52)
Total distributions		(1.83)		-		(.03)		(1.41)		(2.52)
Redemption fees added to paid in capital A		-		-		-		-		- D
Net asset value, end of period	$	15.63	$	22.85	$	17.54	$	14.82	$	15.70
Total Return E,F		(25.56)%		30.27%		18.59%		4.10%		(6.97)%
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.56%		1.41%		1.51%		1.43%		1.67%
Expenses net of fee waivers, if any		1.55%		1.41%		1.50%		1.43%		1.67%
Expenses net of all reductions		1.55%		1.41%		1.49%		1.42%		1.65%
Net investment income (loss)		(.58)%		(.68)% C		(.73)%		.37%		(.01)%
Supplemental Data
Net assets, end of period (000 omitted)	$	16,273	$	22,618	$	18,864	$	18,611	$	21,339
Portfolio turnover rate I		42%		58%		44%		142%		99%

A Calculated based on average shares outstanding during the period.

D Amount represents less than $.005 per share.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Advisor® Global Capital Appreciation Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	20.04	$	15.46	$	13.10	$	14.11	$	17.65
Income from Investment Operations
Net investment income (loss) A,B		(.17)		(.22) C		(.17)		(.01)		(.08)
Net realized and unrealized gain (loss)		(4.57)		4.80		2.53		.41		(1.02)
Total from investment operations		(4.74)		4.58		2.36		.40		(1.10)
Distributions from net realized gain		(1.83)		-		-		(1.41)		(2.44)
Total distributions		(1.83)		-		-		(1.41)		(2.44)
Redemption fees added to paid in capital B		-		-		-		-		- D
Net asset value, end of period	$	13.47	$	20.04	$	15.46	$	13.10	$	14.11
Total Return E,F		(25.94)%		29.62%		18.02%		3.59%		(7.39)%
Ratios to Average Net Assets A,G,H
Expenses before reductions		2.08%		1.92%		1.99%		1.90%		2.14%
Expenses net of fee waivers, if any		2.05%		1.92%		1.98%		1.90%		2.14%
Expenses net of all reductions		2.05%		1.92%		1.97%		1.89%		2.12%
Net investment income (loss)		(1.07)%		(1.19)% C		(1.21)%		(.10)%		(.48)%
Supplemental Data
Net assets, end of period (000 omitted)	$	4,907	$	8,044	$	9,134	$	12,540	$	19,741
Portfolio turnover rate I		42%		58%		44%		142%		99%

A Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

B Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.01 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (1.27)%.

D Amount represents less than $.005 per share.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the contingent deferred sales charge.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Advisor® Global Capital Appreciation Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	25.75	$	19.65	$	16.57	$	17.37	$	21.16
Income from Investment Operations
Net investment income (loss) A,B		- C		(.02) D		(.02)		.16		.11
Net realized and unrealized gain (loss)		(6.03)		6.12		3.21		.52		(1.28)
Total from investment operations		(6.03)		6.10		3.19		.68		(1.17)
Distributions from net investment income		-		-		(.11)		(.08)		(.10)
Distributions from net realized gain		(1.83)		-		-		(1.41)		(2.52)
Total distributions		(1.83)		-		(.11)		(1.48)		(2.62)
Redemption fees added to paid in capital A		-		-		-		-		- C
Net asset value, end of period	$	17.89	$	25.75	$	19.65	$	16.57	$	17.37
Total Return E		(25.14)%		31.04%		19.37%		4.69%		(6.45)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		.97%		.82%		.89%		.82%		1.09%
Expenses net of fee waivers, if any		.96%		.82%		.89%		.82%		1.09%
Expenses net of all reductions		.96%		.82%		.87%		.82%		1.07%
Net investment income (loss)		.01%		(.09)% D		(.11)%		.97%		.57%
Supplemental Data
Net assets, end of period (000 omitted)	$	32,058	$	49,146	$	38,359	$	37,068	$	45,029
Portfolio turnover rate H		42%		58%		44%		142%		99%

A Calculated based on average shares outstanding during the period.

C Amount represents less than $.005 per share.

D Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.02 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.17)%.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements

For the period ended October 31, 2022

1. Organization.

Fidelity Advisor Global Capital Appreciation Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C and Class I shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's 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 foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, 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. Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value	Valuation Technique(s)	Unobservable Input	Amount or Range/Weighted Average	Impact to Valuation from an Increase in Input A
Equities	$818,512	Market comparable	Enterprise value/Revenue multiple (EV/R)	7.3	Increase
			Enterprise value/Net income multiple (EV/N)	14.0	Increase

A Represents the directional change in the fair value of the Level 3 investments that could have resulted from an increase in the corresponding input as of period end. A decrease to the unobservable input would have had the opposite effect. Significant changes in these inputs may have resulted in a significantly higher or lower fair value measurement at period end.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 2022, as well as a roll forward of Level 3 investments, is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.

Book-tax differences are primarily due to foreign currency transactions, passive foreign companies (PFIC), net operating losses, capital loss carryforwards and losses deferred due to wash sales and excise tax regulations.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$14,956,402
Gross unrealized depreciation	(2,991,228)
Net unrealized appreciation (depreciation)	$11,965,174
Tax Cost	$69,241,584

The tax-based components of distributable earnings as of period end were as follows:

Capital loss carryforward	$(137,138)
Net unrealized appreciation (depreciation) on securities and other investments	$11,923,969

Short-term

$(137,138)

The Fund intends to elect to defer to its next fiscal year $156,656 of ordinary losses recognized during the period January 1, 2022 to October 31, 2022.

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Long-term Capital Gains	$9,072,211	$-

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Global Capital Appreciation Fund	40,587,260	49,306,943

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is the sum of an individual fund fee rate that is based on an annual rate of .45% of the Fund's average net assets and an annualized group fee rate that averaged .23% during the period. The group fee rate is based upon the monthly average net assets of a group of registered investment companies with which the investment adviser has management contracts. The group fee rate decreases as assets under management increase and increases as assets under management decrease. In addition, the management fee is subject to a performance adjustment (up to a maximum of +/- .20 % of the Fund's average net assets over a 36 month performance period). The upward or downward adjustment to the management fee is based on the relative investment performance of Class I as compared to its benchmark index, the MSCI All Country World Index, over the same 36 month performance period. For the reporting period, the total annual management fee rate, including the performance adjustment, was .66% of the Fund's average net assets. The performance adjustment included in the management fee rate may be higher or lower than the maximum performance adjustment rate due to the difference between the average net assets for the reporting and performance periods.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$84,333	$1,851
Class M	.25%	.25%	94,952	106
Class C	.75%	.25%	63,497	5,423
			$242,782	$7,380

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$7,466
Class M	1,371
Class C A	738
	$9,575

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company LLC (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Fund. FIIOC receives account fees and asset-based fees that vary according to the account size and type of account of the shareholders of the respective classes of the Fund. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$73,296	.22
Class M	42,129	.22
Class C	15,168	.24
Class I	51,711	.13
	$182,304

	% of Average Net Assets
Fidelity Advisor Global Capital Appreciation Fund	.04

	Amount
Fidelity Advisor Global Capital Appreciation Fund	$252

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Global Capital Appreciation Fund	2,022,690	2,634,617	(557,415)

6. Committed Line of Credit.

	Amount
Fidelity Advisor Global Capital Appreciation Fund	$176

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Global Capital Appreciation Fund	$171	$-	$-

8. Expense Reductions.

The investment adviser contractually agreed to reimburse expenses of each class to the extent annual operating expenses exceeded certain levels of class-level average net assets as noted in the table below. This reimbursement will remain in place through February 29, 2024. Some expenses, for example the compensation of the independent Trustees, and certain miscellaneous expenses such as proxy and shareholder meeting expenses, are excluded from this reimbursement.

The following classes were in reimbursement during the period:

	Expense Limitations	Reimbursement
Class A	1.30%	$2,119
Class M	1.55%	1,986
Class C	2.05%	1,950
		$6,055

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived portion of fund-level operating expenses in the amount of $3,263.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:


	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Global Capital Appreciation Fund
Distributions to shareholders
Class A	$3,042,311	$-
Class M	1,796,615	-
Class C	718,694	-
Class I	3,514,591	-
Total	$9,072,211	$-

10. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Global Capital Appreciation Fund
Class A
Shares sold	171,702	306,788	$ 3,462,466	$ 6,747,703
Reinvestment of distributions	134,237	-	2,959,935	-
Shares redeemed	(291,926)	(324,095)	(5,697,835)	(7,086,089)
Net increase (decrease)	14,013	(17,307)	$724,566	$(338,386)
Class M
Shares sold	88,946	62,615	$ 1,567,242	$ 1,290,422
Reinvestment of distributions	86,174	-	1,783,793	-
Shares redeemed	(123,632)	(148,393)	(2,259,388)	(3,082,706)
Net increase (decrease)	51,488	(85,778)	$1,091,647	$(1,792,284)
Class C
Shares sold	41,127	50,046	$658,941	$925,839
Reinvestment of distributions	39,691	-	711,270	-
Shares redeemed	(117,887)	(239,505)	(1,846,656)	(4,335,944)
Net increase (decrease)	(37,069)	(189,459)	$(476,445)	$(3,410,105)
Class I
Shares sold	202,718	259,945	$ 4,407,045	$ 5,994,641
Reinvestment of distributions	135,399	-	3,191,354	-
Shares redeemed	(454,950)	(303,759)	(9,177,334)	(7,109,721)
Net increase (decrease)	(116,833)	(43,814)	$(1,578,935)	$(1,115,080)

11. Other.

12. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and Shareholders of Fidelity Advisor Global Capital Appreciation Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity Advisor Global Capital Appreciation Fund (one of the funds constituting Fidelity Advisor Series VIII, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian and issuers of privately offered securities. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Global Capital Appreciation Fund
Class A	1.30%
Actual		$ 1,000	$ 892.00	$ 6.20
Hypothetical- B		$ 1,000	$ 1,018.65	$ 6.61
Class M	1.55%
Actual		$ 1,000	$ 891.10	$ 7.39
Hypothetical- B		$ 1,000	$ 1,017.39	$ 7.88
Class C	2.04%
Actual		$ 1,000	$ 889.10	$ 9.71
Hypothetical- B		$ 1,000	$ 1,014.92	$ 10.36
Class I	.88%
Actual		$ 1,000	$ 894.10	$ 4.20
Hypothetical- B		$ 1,000	$ 1,020.77	$ 4.48

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Global Capital Appreciation Fund

Resources Dedicated to Investment Management and Support Services . The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) reducing management fees and total expenses for certain target date funds and classes and index funds; (vii) lowering expenses for certain existing funds and classes by implementing or lowering expense caps; (viii) rationalizing product lines and gaining increased efficiencies from fund mergers and liquidations; (ix) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (x) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Investment Performance . The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history. The Board noted that the fund had a portfolio manager change in August 2019 and October 2019. The Board will continue to monitor closely the fund's performance, taking into account the portfolio manager changes.

Fidelity Advisor Global Capital Appreciation Fund

The Board considered the fund's underperformance for different time periods ended September 30, 2021 (which periods are reflected in the chart above). The Board's discussions with FMR regarding underperformance cover topics including, but not limited to: the longer-term track record of a fund's portfolio manager(s); broader trends in the market that may adversely impact a fund's performance; attribution reports on contributors to the fund's underperformance; and the applicable portfolio manager's explanation of his or her underperformance. The Board engages with FMR on steps that might be taken to address a fund's underperformance.

The Board also considered that the fund's management fee is subject to upward or downward adjustment depending on whether, and to what extent, the fund's investment performance for the performance period (a rolling 36-month period) exceeds, or is exceeded by, a securities index, thus leading to a performance adjustment for the same period. The Board noted that the performance adjustment provides FMR with a strong economic incentive to seek to achieve superior long-term performance for the fund's shareholders and helps to more closely align the interests of FMR and the shareholders of the fund.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Fidelity Advisor Global Capital Appreciation Fund

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio . In its review of each class's total expense ratio, the Board considered the fund's management fee rate as well as other fund or class expenses, as applicable, such as transfer agent fees, pricing and bookkeeping fees, fund-paid 12b-1 fees, and custodial, legal, and audit fees. The Board noted the impact of the fund's performance adjustment. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund. The fund's representative class is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure. The Board also considered a total expense ASPG comparison, which focuses on the total expenses of the representative class relative to a subset of non-Fidelity funds within the total expense similar sales load structure group. The total expense ASPG is limited to 15 larger and 15 smaller classes in fund average assets for a total of 30 classes, where possible. The total expense ASPG comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board further considered that FMR has contractually agreed to reimburse Class A, Class M, Class C, and Class I of the fund to the extent that total operating expenses, with certain exceptions, as a percentage of their respective average net assets, exceed 1.30%, 1.55%, 2.05%, and 1.05% through February 28, 2023.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.728713.123

AGLO-ANN-1222

Fidelity Advisor® Emerging Asia Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-49.64%	-1.19%	4.27%
Class M (incl.3.50% sales charge)	-48.57%	-0.99%	4.22%
Class C (incl. contingent deferred sales charge)	-47.41%	-0.75%	4.27%
Class I	-46.41%	0.27%	5.20%
Class Z	-46.34%	0.38%	5.26%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018, are those of Class I.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Emerging Asia Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI AC (All Country) Asia ex Japan Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Comments from Portfolio Manager Xiaoting Zhao:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned roughly -47% to -46%, underperforming the -34.00% result of the benchmark MSCI AC Asia Ex Japan (Net Mass) Linked Index. By region, stock picks in emerging markets - particularly, China and Taiwan - and a non-benchmark allocation to Japan hindered the fund's relative result the most. By sector, security selection was the primary detractor versus the benchmark, especially within information technology, and specifically within the software & services area of tech. Weak picks in the communication services sector, especially within the media & entertainment industry, also hurt. Stock selection and an overweighting in health care also detracted from the fund's result. The biggest individual relative detractor was an overweight position in Bilibili (-88%), which was among the fund's largest holdings this period, though we significantly reduced our position by period end. Another notable relative detractor was an outsized stake in Alibaba Group Holding (-61%), which was also among our biggest holdings. Our larger-than-benchmark investment in XPeng (-87%), a position that was sold the past 12 months, further detracted. Conversely, a non-benchmark allocation to the U.S. and an underweighting in Asia Pacific ex Japan, specifically Hong Kong, contributed most to the fund's relative result. By sector, the primary contributor to performance versus the benchmark was an underweighting in communication services. Stock selection in industrials also helped. Lastly, the fund's position in cash was a notable contributor. The biggest individual relative contributor was an underweight position in Tencent Holdings (-56%). Also lifting performance was our overweighting in Pinduoduo, which returned -40%. Pinduoduo was among the fund's largest holdings. Another key relative contributor was an out-of-benchmark stake in Hindustan Aeronautics (+79%). Notable changes in positioning include increased exposure to South Korea and India. By sector, meaningful changes in positioning include increased exposure to financials and a lower allocation to communication services.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd.	8.9
Alibaba Group Holding Ltd. sponsored ADR	6.7
Samsung Electronics Co. Ltd.	6.7
Reliance Industries Ltd.	3.6
Zomato Ltd.	3.3
Pinduoduo, Inc. ADR	3.3
Alibaba Group Holding Ltd.	3.0
Money Forward, Inc.	1.9
AIA Group Ltd.	1.6
Sungrow Power Supply Co. Ltd. (A Shares)	1.6
	40.6

Market Sectors (% of Fund's net assets)

Information Technology	33.4
Consumer Discretionary	23.2
Financials	11.6
Health Care	9.8
Industrials	7.9
Communication Services	5.0
Energy	3.6
Materials	2.0
Consumer Staples	1.8
Real Estate	1.4

Asset Allocation (% of Fund's net assets)

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 97.4%
	Shares	Value ($)
Bermuda - 0.3%
Huanxi Media Group Ltd. (a)	9,867,142	1,131,315
Cayman Islands - 21.1%
Agora, Inc. ADR (a)	202,475	564,905
Akeso, Inc. (a)(b)	619,650	2,486,605
Alibaba Group Holding Ltd. (a)	1,403,608	10,912,921
Alibaba Group Holding Ltd. sponsored ADR (a)	215,809	13,721,136
Antengene Corp. (a)(b)	1,432,917	607,876
Archosaur Games, Inc. (a)(b)	974,401	280,541
Bairong, Inc. (a)(b)	859,753	875,125
BC Technology Group Ltd. (a)	1,369,314	369,818
Bilibili, Inc. ADR (a)(c)	198,134	1,767,355
Boqii Holding Ltd. ADR (a)(c)	75,273	90,328
Frontage Holdings Corp. (a)(b)	8,241,261	1,858,303
Innovent Biologics, Inc. (a)(b)	341,545	1,209,602
Jacobio Pharmaceuticals Group Co. Ltd. (a)(b)	512,700	225,990
Kangji Medical Holdings Ltd. (c)	651,342	526,905
KE Holdings, Inc. ADR (a)	445,590	4,536,106
Kindstar Globalgene Technology, Inc. (a)(b)	2,918,765	665,582
Li Auto, Inc. Class A (a)	289,854	1,977,372
Medlive Technology Co. Ltd. (b)	391,919	338,513
Meituan Class B (a)(b)	343,494	5,499,526
Microport Cardioflow Medtech Corp. (a)(b)(c)	5,772,451	1,750,197
Ming Yuan Cloud Group Holdings Ltd. (c)	2,565,739	1,179,966
New Horizon Health Ltd. (a)(b)	892,878	1,990,581
Pinduoduo, Inc. ADR (a)	219,617	12,041,600
RLX Technology, Inc. ADR (a)(c)	315,906	394,883
Sea Ltd. ADR (a)	100,236	4,979,724
Smoore International Holdings Ltd. (b)(c)	704,448	749,351
Sunac China Holdings Ltd. (a)(d)	2,393,047	609,721
Tencent Holdings Ltd.	48,164	1,265,596
Wuxi Biologics (Cayman), Inc. (a)(b)	627,392	2,823,040
Zai Lab Ltd. (a)	212,466	489,370
Zai Lab Ltd. ADR (a)	44,726	996,495
TOTAL CAYMAN ISLANDS		77,785,033
China - 16.5%
Anhui Korrun Co. Ltd. (A Shares)	607,706	1,140,869
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b)	15,262	163,320
Beijing Shiji Information Technology Co. Ltd. (A Shares)	2,571,483	4,450,772
Beijing Sinohytec Co. Ltd. (A Shares)	202,320	2,278,936
DBAPPSecurity Ltd. (A Shares) (a)	32,100	907,586
Empyrean Technology Co. Ltd. (A Shares)	111,100	1,730,950
Estun Automation Co. Ltd.:
(A Shares)	1,567,800	4,227,085
(A Shares)	376,100	1,014,037
Glodon Co. Ltd. (A Shares)	317,815	2,152,015
Guangzhou GRG Metrology & Test Co. Ltd. (A Shares)	477,069	1,117,727
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares)	256,256	2,651,372
Guizhou Zhenhua E-Chem, Inc. (A Shares)	251,100	1,754,595
Hangzhou Tigermed Consulting Co. Ltd. (A Shares)	219,508	2,505,305
Hundsun Technologies, Inc. (A Shares)	537,570	3,068,085
Jiangxi Copper Co. Ltd. (A Shares)	1,008,300	2,126,254
Joinn Laboratories China Co. Ltd. (A Shares)	287,069	2,248,076
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(b)	598,502	464,336
Milkyway Chemical Supply Chain Service Co. Ltd. (A Shares)	3,567	55,985
Pharmaron Beijing Co. Ltd. (A Shares)	259,648	1,848,813
Shanghai Milkground Food Tech Co. Ltd. (A Shares) (a)	401,000	1,528,686
Shenzhen Inovance Technology Co. Ltd. (A Shares)	519,626	4,745,930
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares)	91,506	4,077,793
Shenzhen Transsion Holdings Co. Ltd. (A Shares)	92,700	788,653
Sungrow Power Supply Co. Ltd. (A Shares)	335,000	5,977,593
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b)	923,145	1,134,872
Weihai Guangwei Composites Co. Ltd. (A Shares)	318,628	3,385,714
WuXi AppTec Co. Ltd. (H Shares) (b)	400,451	3,208,852
TOTAL CHINA		60,754,211
Germany - 1.5%
Delivery Hero AG (a)(b)	140,455	4,622,223
Shop Apotheke Europe NV (a)(b)	25,236	1,046,211
TOTAL GERMANY		5,668,434
Hong Kong - 2.1%
AIA Group Ltd.	799,464	6,055,775
Hong Kong Exchanges and Clearing Ltd.	66,615	1,768,203
TOTAL HONG KONG		7,823,978
India - 20.1%
Amber Enterprises India Ltd. (a)	35,652	889,383
Asian Paints Ltd.	50,974	1,913,649
Aster DM Healthcare Ltd. (a)(b)	310,078	926,338
Bajaj Finance Ltd.	18,937	1,634,306
Computer Age Management Services Private Ltd.	152,899	4,708,414
Delhivery Private Ltd.	207,461	862,625
Devyani International Ltd. (a)	765,048	1,788,778
Dixon Technologies India Ltd.	64,119	3,498,428
HDFC Asset Management Co. Ltd. (b)	72,178	1,808,897
HDFC Bank Ltd. (a)	119,181	2,162,886
Hindustan Aeronautics Ltd.	146,628	4,481,471
Housing Development Finance Corp. Ltd.	137,333	4,097,427
Indian Energy Exchange Ltd. (b)	1,006,318	1,700,699
Infosys Ltd.	277,873	5,161,530
Kotak Mahindra Bank Ltd.	97,446	2,238,915
Page Industries Ltd.	2,470	1,485,003
Reliance Industries Ltd.	427,298	13,160,655
Sapphire Foods India Ltd.	109,717	1,918,059
Tata Consultancy Services Ltd.	81,006	3,124,720
Tata Motors Ltd. (a)	539,918	2,703,204
Vijaya Diagnostic Centre Pvt Ltd.	58,123	306,905
Voltas Ltd.	118,468	1,253,946
Zomato Ltd. (a)	16,106,272	12,277,190
TOTAL INDIA		74,103,428
Indonesia - 0.6%
PT Bank Central Asia Tbk	3,756,551	2,119,420
Japan - 6.7%
BASE, Inc. (a)(c)	569,160	1,071,756
Demae-Can Co. Ltd. (a)(c)	392,727	1,283,603
Freee KK (a)(c)	157,581	3,083,901
Hennge K.K. (a)(c)	253,883	1,801,315
Lifenet Insurance Co. (a)	191,246	1,278,446
Money Forward, Inc. (a)	244,817	6,980,894
SHIFT, Inc. (a)	17,723	2,778,326
Uzabase, Inc. (a)	209,932	1,005,223
Z Holdings Corp.	2,068,201	5,337,530
TOTAL JAPAN		24,620,994
Korea (South) - 6.9%
Gabia, Inc.	64,100	458,075
ILJIN Hysolus Co. Ltd. (a)	2,200	47,011
Kakao Pay Corp. (a)(c)	94,738	2,346,347
LG Energy Solution (a)	1,465	541,939
Samsung Electronics Co. Ltd.	505,241	21,026,340
SK Hynix, Inc.	20,870	1,209,224
TOTAL KOREA (SOUTH)		25,628,936
Mauritius - 1.2%
MakeMyTrip Ltd. (a)(c)	154,444	4,298,177
Netherlands - 1.2%
ASML Holding NV (Netherlands)	3,620	1,698,096
NXP Semiconductors NV	18,274	2,669,466
Yandex NV Series A (a)(d)	79,813	273,746
TOTAL NETHERLANDS		4,641,308
Singapore - 3.6%
DBS Group Holdings Ltd.	133,900	3,234,939
Oversea-Chinese Banking Corp. Ltd.	553,600	4,743,690
United Overseas Bank Ltd.	263,300	5,163,329
TOTAL SINGAPORE		13,141,958
Taiwan - 9.6%
GlobalWafers Co. Ltd.	120,000	1,333,788
MediaTek, Inc.	74,000	1,353,631
Taiwan Semiconductor Manufacturing Co. Ltd.	2,518,393	30,247,083
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	41,900	2,578,945
TOTAL TAIWAN		35,513,447
United Kingdom - 1.0%
Yunnan Botanee Bio-Technology Group Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 3/23/23 (a)(b)	79,000	1,546,920
ZWSOFT Co. Ltd. (Guangzhou) ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 10/12/23 (a)(b)	65,020	2,004,848
TOTAL UNITED KINGDOM		3,551,768
United States of America - 4.6%
Array Technologies, Inc. (a)(c)	147,179	2,663,940
ATRenew, Inc. ADR (a)(c)	69,977	115,462
Li Auto, Inc. ADR (a)	217,947	2,968,438
NVIDIA Corp.	30,352	4,096,609
onsemi (a)	45,567	2,799,181
Smart Share Global Ltd. ADR (a)(c)	337,584	253,188
Snap, Inc. Class A (a)	362,584	3,593,207
Space Exploration Technologies Corp. Class A (a)(d)(e)	6,000	420,000
TOTAL UNITED STATES OF AMERICA		16,910,025
Vietnam - 0.4%
Vietnam Dairy Products Corp.	428,640	1,354,054
TOTAL COMMON STOCKS (Cost $487,729,606)		359,046,486

Preferred Stocks - 2.3%
	Shares	Value ($)
Convertible Preferred Stocks - 0.6%
China - 0.6%
ByteDance Ltd. Series E1 (a)(d)(e)	11,980	1,881,100
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e)	65,318	585,902
		2,467,002
Nonconvertible Preferred Stocks - 1.7%
Cayman Islands - 0.7%
ZKH Group Ltd. Series F (d)	4,697,991	2,658,593
Korea (South) - 1.0%
Samsung Electronics Co. Ltd.	93,933	3,507,713
TOTAL NONCONVERTIBLE PREFERRED STOCKS		6,166,306
TOTAL PREFERRED STOCKS (Cost $8,054,274)		8,633,308

Money Market Funds - 5.1%
	Shares	Value ($)
Fidelity Cash Central Fund 3.10% (f)	3,541,036	3,541,744
Fidelity Securities Lending Cash Central Fund 3.10% (f)(g)	15,211,264	15,212,785
TOTAL MONEY MARKET FUNDS (Cost $18,754,529)		18,754,529

TOTAL INVESTMENT IN SECURITIES - 104.8% (Cost $514,538,409)	386,434,323
NET OTHER ASSETS (LIABILITIES) - (4.8)%	(17,603,658)
NET ASSETS - 100.0%	368,830,665

Security Type Abbreviations

ELS

EQUITY-LINKED SECURITY

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

(a)	Non-income producing

(b)

(c)	Security or a portion of the security is on loan at period end.

(d)	Level 3 security

(e)	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 $2,887,002 or 0.8% of net assets.

(f)

(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 ($)
ByteDance Ltd. Series E1	11/18/20	1,312,699

dMed Biopharmaceutical Co. Ltd. Series C	12/01/20	927,721

Space Exploration Technologies Corp. Class A	2/16/21	251,994

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 3.10%	7,015,578	233,450,463	236,924,297	84,089	-	-	3,541,744	0.0%
Fidelity Securities Lending Cash Central Fund 3.10%	67,864,930	153,272,031	205,924,176	307,793	-	-	15,212,785	0.0%
Total	74,880,508	386,722,494	442,848,473	391,882	-	-	18,754,529

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	18,629,014	11,752,142	6,603,126	273,746
Consumer Discretionary	85,810,835	62,072,961	23,737,874	-
Consumer Staples	6,620,105	5,073,185	1,546,920	-
Energy	13,160,655	13,160,655	-	-
Financials	42,915,691	30,270,234	9,986,864	2,658,593
Health Care	36,090,943	32,682,001	2,823,040	585,902
Industrials	29,116,873	28,696,873	-	420,000
Information Technology	122,764,234	86,933,107	33,950,027	1,881,100
Materials	7,425,617	7,425,617	-	-
Real Estate	5,145,827	4,536,106	-	609,721

Money Market Funds	18,754,529	18,754,529	-	-
Total Investments in Securities:	386,434,323	301,357,410	78,647,851	6,429,062

The following is a reconciliation of Investments in Securities for which Level 3 inputs were used in determining value:


Investments in Securities:
Communication Services
Beginning Balance	$	-
Net Realized Gain (Loss) on Investment Securities		18,765
Net Unrealized Gain (Loss) on Investment Securities		(6,623,664)
Cost of Purchases		-
Proceeds of Sales		(1,145,900)
Amortization/Accretion		-
Transfers into Level 3		8,024,545
Transfers out of Level 3		-
Ending Balance	$	273,746
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022	$	(6,623,664)
Other Investments in Securities
Beginning Balance	$	2,644,696
Net Realized Gain (Loss) on Investment Securities		(412,867)
Net Unrealized Gain (Loss) on Investment Securities		(4,160,279)
Cost of Purchases		5,382,055
Proceeds of Sales		(846,836)
Amortization/Accretion		-
Transfers into Level 3		3,548,547
Transfers out of Level 3		-
Ending Balance	$	6,155,316
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2022	$	(4,160,279)
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. The cost of purchases and the proceeds of sales may include securities received or delivered through corporate actions or exchanges. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations.

Financial Statements

Statement of Assets and Liabilities
			October 31, 2022

Assets
Investment in securities, at value (including securities loaned of $12,371,988) - See accompanying schedule:
Unaffiliated issuers (cost $495,783,880)	$367,679,794
Fidelity Central Funds (cost $18,754,529)	18,754,529

Total Investment in Securities (cost $514,538,409)		$	386,434,323
Foreign currency held at value (cost $8,414)			36,247
Receivable for investments sold			733,160
Receivable for fund shares sold			261,395
Dividends receivable			221,406
Distributions receivable from Fidelity Central Funds			65,374
Prepaid expenses			796
Other receivables			105,525
Total assets			387,858,226
Liabilities
Payable for investments purchased	$1,280,301
Payable for fund shares redeemed	331,401
Accrued management fee	223,729
Distribution and service plan fees payable	44,803
Other affiliated payables	75,484
Deferred taxes	1,588,470
Other payables and accrued expenses	275,127
Collateral on securities loaned	15,208,246
Total Liabilities			19,027,561
Net Assets		$	368,830,665
Net Assets consist of:
Paid in capital		$	605,375,784
Total accumulated earnings (loss)			(236,545,119)
Net Assets		$	368,830,665

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($115,656,572 ÷ 3,945,496 shares) (a)		$	29.31
Maximum offering price per share (100/94.25 of $29.31)		$	31.10
Class M :
Net Asset Value and redemption price per share ($27,238,682 ÷ 970,464 shares) (a)		$	28.07
Maximum offering price per share (100/96.50 of $28.07)		$	29.09
Class C :
Net Asset Value and offering price per share ($9,086,768 ÷ 360,502 shares) (a)		$	25.21
Class I :
Net Asset Value , offering price and redemption price per share ($143,658,514 ÷ 4,692,642 shares)		$	30.61
Class Z :
Net Asset Value , offering price and redemption price per share ($73,190,129 ÷ 2,395,579 shares)		$	30.55
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations
				Year ended October 31, 2022
Investment Income
Dividends			$	4,295,608
Income from Fidelity Central Funds (including $307,793 from security lending)				391,882
Income before foreign taxes withheld				4,687,490
Less foreign taxes withheld				(664,380)
Total Income				4,023,110
Expenses
Management fee	$	4,251,842
Transfer agent fees		949,316
Distribution and service plan fees		802,188
Accounting fees		307,425
Custodian fees and expenses		239,298
Independent trustees' fees and expenses		2,451
Registration fees		111,073
Audit		99,325
Legal		2,860
Interest		5,499
Miscellaneous		4,414
Total expenses before reductions		6,775,691
Expense reductions		(20,723)
Total expenses after reductions				6,754,968
Net Investment income (loss)				(2,731,858)
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers(net of foreign taxes of $2,557,953)		(106,131,207)
Foreign currency transactions		(367,949)
Total net realized gain (loss)				(106,499,156)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $4,973,529)		(303,748,506)
Assets and liabilities in foreign currencies		(160,558)
Total change in net unrealized appreciation (depreciation)				(303,909,064)
Net gain (loss)				(410,408,220)
Net increase (decrease) in net assets resulting from operations			$	(413,140,078)

Statement of Changes in Net Assets

		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	(2,731,858)	$	(5,738,773)
Net realized gain (loss)		(106,499,156)		150,353,753
Change in net unrealized appreciation (depreciation)		(303,909,064)		(40,362,191)
Net increase (decrease) in net assets resulting from operations		(413,140,078)		104,252,789
Distributions to shareholders		(104,728,117)		(67,519,322)
Share transactions - net increase (decrease)		(208,726,360)		249,334,845
Total increase (decrease) in net assets		(726,594,555)		286,068,312

Net Assets
Beginning of period		1,095,425,220		809,356,908
End of period	$	368,830,665	$	1,095,425,220

Financial Highlights

Fidelity Advisor® Emerging Asia Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	61.78	$	56.33	$	39.85	$	33.52	$	39.98
Income from Investment Operations
Net investment income (loss) A,B		(.25)		(.40) C		(.18)		.23		.25
Net realized and unrealized gain (loss)		(25.86)		10.17		18.77		8.23		(6.48)
Total from investment operations		(26.11)		9.77		18.59		8.46		(6.23)
Distributions from net investment income		-		-		(.13) D		(.19)		(.22)
Distributions from net realized gain		(6.36)		(4.32)		(1.99) D		(1.93)		(.01)
Total distributions		(6.36)		(4.32)		(2.11) E		(2.13) E		(.23)
Redemption fees added to paid in capital A		-		-		-		-		- F
Net asset value, end of period	$	29.31	$	61.78	$	56.33	$	39.85	$	33.52
Total Return G,H		(46.56)%		17.45%		49.18%		26.60%		(15.67)%
Ratios to Average Net Assets B,I,J
Expenses before reductions		1.25%		1.20%		1.26%		1.32%		1.32%
Expenses net of fee waivers, if any		1.25%		1.20%		1.26%		1.32%		1.32%
Expenses net of all reductions		1.25%		1.20%		1.23%		1.31%		1.30%
Net investment income (loss)		(.61)%		(.61)% C		(.40)%		.62%		.62%
Supplemental Data
Net assets, end of period (000 omitted)	$	115,657	$	271,275	$	208,546	$	144,577	$	106,775
Portfolio turnover rate K		44%		79%		110%		69% L		34%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.06 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.71)%.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total distributions per share do not sum due to rounding.

F Amount represents less than $.005 per share.

G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Total returns do not include the effect of the sales charges.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Emerging Asia Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	59.60	$	54.51	$	38.61	$	32.50	$	38.80
Income from Investment Operations
Net investment income (loss) A,B		(.34)		(.55) C		(.29)		.12		.13
Net realized and unrealized gain (loss)		(24.83)		9.87		18.19		7.98		(6.29)
Total from investment operations		(25.17)		9.32		17.90		8.10		(6.16)
Distributions from net investment income		-		-		(.01) D		(.05)		(.13)
Distributions from net realized gain		(6.36)		(4.23)		(1.99) D		(1.93)		(.01)
Total distributions		(6.36)		(4.23)		(2.00)		(1.99) E		(.14)
Redemption fees added to paid in capital A		-		-		-		-		- F
Net asset value, end of period	$	28.07	$	59.60	$	54.51	$	38.61	$	32.50
Total Return G,H		(46.70)%		17.18%		48.78%		26.21%		(15.93)%
Ratios to Average Net Assets B,I,J
Expenses before reductions		1.52%		1.45%		1.54%		1.61%		1.61%
Expenses net of fee waivers, if any		1.52%		1.45%		1.53%		1.61%		1.61%
Expenses net of all reductions		1.52%		1.45%		1.51%		1.60%		1.59%
Net investment income (loss)		(.88)%		(.87)% C		(.68)%		.32%		.33%
Supplemental Data
Net assets, end of period (000 omitted)	$	27,239	$	60,893	$	54,436	$	39,197	$	33,478
Portfolio turnover rate K		44%		79%		110%		69% L		34%

A Calculated based on average shares outstanding during the period.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total distributions per share do not sum due to rounding.

F Amount represents less than $.005 per share.

G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Total returns do not include the effect of the sales charges.

K Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

L Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Emerging Asia Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	54.45	$	50.22	$	35.77	$	30.32	$	36.29
Income from Investment Operations
Net investment income (loss) A,B		(.48)		(.80) C		(.47)		(.04)		(.04)
Net realized and unrealized gain (loss)		(22.40)		9.10		16.79		7.42		(5.86)
Total from investment operations		(22.88)		8.30		16.32		7.38		(5.90)
Distributions from net investment income		-		-		-		-		(.05)
Distributions from net realized gain		(6.36)		(4.07)		(1.87)		(1.93)		(.01)
Total distributions		(6.36)		(4.07)		(1.87)		(1.93)		(.07) D
Redemption fees added to paid in capital A		-		-		-		-		- E
Net asset value, end of period	$	25.21	$	54.45	$	50.22	$	35.77	$	30.32
Total Return F,G		(46.94)%		16.58%		48.03%		25.67%		(16.30)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		1.99%		1.96%		2.03%		2.08%		2.06%
Expenses net of fee waivers, if any		1.99%		1.96%		2.02%		2.07%		2.05%
Expenses net of all reductions		1.99%		1.96%		1.99%		2.06%		2.04%
Net investment income (loss)		(1.35)%		(1.37)% C		(1.17)%		(.14)%		(.11)%
Supplemental Data
Net assets, end of period (000 omitted)	$	9,087	$	26,377	$	28,233	$	23,584	$	48,507
Portfolio turnover rate J		44%		79%		110%		69% K		34%

A Calculated based on average shares outstanding during the period.

C Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.05 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (1.47)%.

D Total distributions per share do not sum due to rounding.

E Amount represents less than $.005 per share.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Total returns do not include the effect of the contingent deferred sales charge.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Emerging Asia Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	64.13	$	58.29	$	41.16	$	34.60	$	41.27
Income from Investment Operations
Net investment income (loss) A,B		(.14)		(.24) C		(.07)		.34		.37
Net realized and unrealized gain (loss)		(26.95)		10.53		19.42		8.48		(6.68)
Total from investment operations		(27.09)		10.29		19.35		8.82		(6.31)
Distributions from net investment income		(.07)		-		(.23) D		(.33)		(.34)
Distributions from net realized gain		(6.36)		(4.45)		(1.99) D		(1.93)		(.01)
Total distributions		(6.43)		(4.45)		(2.22)		(2.26)		(.36) E
Redemption fees added to paid in capital A		-		-		-		-		- F
Net asset value, end of period	$	30.61	$	64.13	$	58.29	$	41.16	$	34.60
Total Return G		(46.41)%		17.77%		49.59%		26.93%		(15.43)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		.97%		.94%		1.00%		1.04%		1.03%
Expenses net of fee waivers, if any		.97%		.94%		1.00%		1.03%		1.03%
Expenses net of all reductions		.97%		.94%		.97%		1.03%		1.02%
Net investment income (loss)		(.33)%		(.36)% C		(.14)%		.90%		.91%
Supplemental Data
Net assets, end of period (000 omitted)	$	143,659	$	472,553	$	414,664	$	76,981	$	59,527
Portfolio turnover rate J		44%		79%		110%		69% K		34%

A Calculated based on average shares outstanding during the period.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total distributions per share do not sum due to rounding.

F Amount represents less than $.005 per share.

G Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Emerging Asia Fund Class Z

Years ended October 31,		2022		2021		2020		2019		2018 A
Selected Per-Share Data
Net asset value, beginning of period	$	64.10	$	58.22	$	41.12	$	34.60	$	38.03
Income from Investment Operations
Net investment income (loss) B,C		(.08)		(.15) D		- E		.40		-
Net realized and unrealized gain (loss)		(26.89)		10.50		19.38		8.47		(3.43)
Total from investment operations		(26.97)		10.35		19.38		8.87		(3.43)
Distributions from net investment income		(.22)		-		(.30) F		(.42)		-
Distributions from net realized gain		(6.36)		(4.47)		(1.99) F		(1.93)		-
Total distributions		(6.58)		(4.47)		(2.28) G		(2.35)		-
Redemption fees added to paid in capital B		-		-		-		-		- E
Net asset value, end of period	$	30.55	$	64.10	$	58.22	$	41.12	$	34.60
Total Return H,I		(46.34)%		17.92%		49.80%		27.14%		(9.02)%
Ratios to Average Net Assets C,J,K
Expenses before reductions		.84%		.81%		.86%		.89%		.97% L
Expenses net of fee waivers, if any		.84%		.81%		.85%		.89%		.97% L
Expenses net of all reductions		.84%		.81%		.82%		.89%		.95% L
Net investment income (loss)		(.20)%		(.22)% D		-% M		1.04%		(.02)% L
Supplemental Data
Net assets, end of period (000 omitted)	$	73,190	$	264,327	$	103,477	$	44,545	$	573
Portfolio turnover rate N		44%		79%		110%		69% O		34%

A For the period October 2, 2018 (commencement of sale of shares) through October 31, 2018.

B Calculated based on average shares outstanding during the period.

C Net investment income (loss) is affected by the timing of the declaration of dividends by any underlying mutual funds or exchange-traded funds (ETFs). Net investment income (loss) of any mutual funds or ETFs is not included in the Fund's net investment income (loss) ratio.

D Net investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.06 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been (.32)%.

E Amount represents less than $.005 per share.

F The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

G Total distributions per share do not sum due to rounding.

H Total returns for periods of less than one year are not annualized.

I Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

J Fees and expenses of any underlying mutual funds or exchange-traded funds (ETFs) are not included in the Fund's expense ratio. The Fund indirectly bears its proportionate share of these expenses. For additional expense information related to investments in Fidelity Central Funds, please refer to the "Investments in Fidelity Central Funds" note found in the Notes to Financial Statements section of the most recent Annual or Semi-Annual report.

K Expense ratios reflect operating expenses of the class. Expenses before reductions do not reflect amounts reimbursed, waived, or reduced through arrangements with the investment adviser, brokerage services, or other offset arrangements, if applicable, and do not represent the amount paid by the class during periods when reimbursements, waivers or reductions occur.

L Annualized

M Amount represents less than .005%.

N Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

O Portfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2022

1. Organization.

Fidelity Advisor Emerging Asia Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions. The Fund's investments in emerging markets can be subject to social, economic, regulatory, and political uncertainties and can be extremely volatile.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's 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 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. Securities, including private placements or other restricted securities, for which observable inputs are not available are valued using alternate valuation approaches, including the market approach, the income approach and cost approach, and are categorized as Level 3 in the hierarchy. The market approach considers factors including the price of recent investments in the same or a similar security or financial metrics of comparable securities. The income approach considers factors including expected future cash flows, security specific risks and corresponding discount rates. The cost approach considers factors including the value of the security's underlying assets and liabilities.

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

The following provides information on Level 3 securities held by the Fund that were valued at period end based on unobservable inputs. These amounts exclude valuations provided by a broker.

Asset Type	Fair Value	Valuation Technique(s)	Unobservable Input	Amount or Range/Weighted Average	Impact to Valuation from an Increase in Input A
Equities	$6,429,062	Market comparable	Enterprise value/Revenue multiple (EV/R)	3.8 - 7.1 / 4.4	Increase
		Market approach	Discount rate	50.0%	Decrease
			Transaction price	$0.25 - $17.75 / $3.13	Increase

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. The aggregate value of investments by input level as of October 31, 2022, as well as a roll forward of Level 3 investments, is included at the end of the Fund's Schedule of Investments.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable.

Income Tax Information and Distributions to Shareholders. Each year, the Fund intends to qualify as a regulated investment company under Subchapter M of the Internal Revenue Code, including distributing substantially all of its taxable income and realized gains. As a result, no provision for U.S. Federal income taxes is required. As of October 31, 2022, the Fund did not have any unrecognized tax benefits in the financial statements; nor is the Fund aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next twelve months. The Fund files a U.S. federal tax return, in addition to state and local tax returns as required. The Fund's federal income tax returns are subject to examination by the Internal Revenue Service (IRS) for a period of three fiscal years after they are filed. State and local tax returns may be subject to examination for an additional fiscal year depending on the jurisdiction. Foreign taxes are provided for based on the Fund's understanding of the tax rules and rates that exist in the foreign markets in which it invests. The Fund is subject to a tax imposed on capital gains by certain countries in which it invests. An estimated deferred tax liability for net unrealized appreciation on the applicable securities is included in Deferred taxes on the Statement of Assets & Liabilities.

Book-tax differences are primarily due to foreign currency transactions, certain foreign taxes, passive foreign investment companies (PFIC), net operating losses and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$ 74,971,590
Gross unrealized depreciation	(215,279,182)
Net unrealized appreciation (depreciation)	$ (140,307,592)
Tax Cost	$ 526,741,915

The tax-based components of distributable earnings as of period end were as follows:

Capital loss carryforward	$ (94,414,841)
Net unrealized appreciation (depreciation) on securities and other investments	$ (140,541,808)

Short-term	$(78,311,856)
Long-term	(16,102,985)
Total capital loss carryforward	$(94,414,841)

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Ordinary Income	$1,267,262	$42,083,446
Long-term Capital Gains	103,460,855	25,435,876
Total	$104,728,117	$67,519,322

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Emerging Asia Fund	279,280,828	581,734,426

5. Fees and Other Transactions with Affiliates.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$441,606	$13,360
Class M	.25%	.25%	200,746	694
Class C	.75%	.25%	159,836	23,201
			$802,188	$37,255

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$19,440
Class M	1,505
Class C A	238
	$21,183

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$352,472	.20
Class M	89,019	.22
Class C	30,985	.19
Class I	415,298	.17
Class Z	61,542	.04
	$949,316

	% of Average Net Assets
Fidelity Advisor Emerging Asia Fund	.05

	Amount
Fidelity Advisor Emerging Asia Fund	$3,258

	Borrower or Lender	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor Emerging Asia Fund	Borrower	$ 10,412,471	.33%	$4,903

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Emerging Asia Fund	4,398,749	15,409,542	(4,004,844)

Other. During the period, the investment adviser reimbursed the Fund for certain losses as follows:

	Amount ($)
Fidelity Advisor Emerging Asia Fund	3,012

6. Committed Line of Credit.

	Amount
Fidelity Advisor Emerging Asia Fund	$1,204

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Emerging Asia Fund	$32,469	$21	$-

8. Bank Borrowings.

	Average Loan Balance	Weighted Average Interest Rate	Interest Expense
Fidelity Advisor Emerging Asia Fund	$2,774,200	.77%	$596

9. Expense Reductions.

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $20,723.

10. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Emerging Asia Fund
Distributions to shareholders
Class A	$27,605,234	$16,330,766
Class M	6,405,957	4,291,089
Class C	3,015,354	2,394,785
Class I	42,937,059	35,966,985
Class Z	24,764,513	8,535,697
Total	$104,728,117	$67,519,322

11. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Emerging Asia Fund
Class A
Shares sold	474,081	1,466,058	$20,768,431	$97,597,236
Reinvestment of distributions	516,286	249,427	25,984,674	15,200,072
Shares redeemed	(1,435,593)	(1,027,205)	(60,073,872)	(65,746,292)
Net increase (decrease)	(445,226)	688,280	$(13,320,767)	$47,051,016
Class M
Shares sold	46,981	216,382	$1,881,900	$13,968,325
Reinvestment of distributions	130,630	72,109	6,310,726	4,248,659
Shares redeemed	(228,864)	(265,354)	(9,396,826)	(16,639,873)
Net increase (decrease)	(51,253)	23,137	$(1,204,200)	$1,577,111
Class C
Shares sold	35,055	314,439	$1,345,214	$18,955,234
Reinvestment of distributions	67,051	44,242	2,921,417	2,392,624
Shares redeemed	(225,989)	(436,445)	(7,995,961)	(25,308,618)
Net increase (decrease)	(123,883)	(77,764)	$(3,729,330)	$(3,960,760)
Class I
Shares sold	3,164,485	9,662,721	$134,416,746	$672,568,852
Reinvestment of distributions	719,977	513,963	37,747,435	32,436,202
Shares redeemed	(6,560,309)	(9,921,581)	(296,930,506)	(665,714,712)
Net increase (decrease)	(2,675,847)	255,103	$(124,766,325)	$39,290,342
Class Z
Shares sold	1,627,717	3,868,616	$70,775,268	$266,599,478
Reinvestment of distributions	435,106	128,161	22,737,349	8,074,147
Shares redeemed	(3,790,879)	(1,650,559)	(159,218,355)	(109,296,489)
Net increase (decrease)	(1,728,056)	2,346,218	$(65,705,738)	$165,377,136

12. Other.

13. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and Shareholders of Fidelity Advisor Emerging Asia Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity Advisor Emerging Asia Fund (one of the funds constituting Fidelity Advisor Series VIII, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, issuers of privately offered securities and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Emerging Asia Fund
Class A	1.25%
Actual		$ 1,000	$ 828.20	$ 5.76
Hypothetical- B		$ 1,000	$ 1,018.90	$ 6.36
Class M	1.54%
Actual		$ 1,000	$ 827.30	$ 7.09
Hypothetical- B		$ 1,000	$ 1,017.44	$ 7.83
Class C	1.99%
Actual		$ 1,000	$ 825.50	$ 9.16
Hypothetical- B		$ 1,000	$ 1,015.17	$ 10.11
Class I	.97%
Actual		$ 1,000	$ 829.40	$ 4.47
Hypothetical- B		$ 1,000	$ 1,020.32	$ 4.94
Class Z	.83%
Actual		$ 1,000	$ 830.00	$ 3.83
Hypothetical- B		$ 1,000	$ 1,021.02	$ 4.23

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund designates $6,483 of distributions paid in the calendar year 2022 as qualifying to be taxed as section 163(j) interest dividends.

Class I designates 1% of the dividends distributed in December, during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

Class I designates 77% and Class Z designates 63%; of the dividends distributed in December, during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

	Pay Date	Income	Taxes
Fidelity Advisor Emerging Asia Fund
Class A	12/06/2021	0.0000	0.0000
Class M	12/06/2021	0.0000	0.0000
Class C	12/06/2021	0.0000	0.0000
Class I	12/06/2021	0.6719	0.6240
Class Z	12/06/2021	0.8131	0.6240

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Emerging Asia Fund

Resources Dedicated to Investment Management and Support Services . The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Investment Performance . The Board considered whether the fund has operated in accordance with its investment objective, as well as its record of compliance with its investment restrictions and its performance history. The Board noted the fund had a portfolio manager change in May 2019 and January 2020. The Board will continue to monitor closely the fund's performance, taking into account the portfolio manager changes.

The Board took into account discussions that occur at Board meetings throughout the year with representatives of the Investment Advisers about fund investment performance. In this regard the Board noted that as part of regularly scheduled fund reviews and other reports to the Board on fund performance, the Board considers annualized return information for the fund for different time periods, measured against an appropriate securities market index (benchmark index). The Board also reviews and considers information about performance attribution. In its evaluation of fund investment performance, the Board gave particular attention to information indicating changes in performance of certain Fidelity funds for specific time periods and discussed with the Investment Advisers the reasons for any overperformance or underperformance.

The Independent Trustees recognize that shareholders evaluate performance on a net basis over their own holding periods, for which one-, three-, and five-year periods are often used as a proxy. For this reason, the performance information reviewed by the Board also included net cumulative total return information for the fund and an appropriate benchmark index for the most recent one-, three-, and five-year periods ended September 30, 2021, as shown below. A peer group is not shown below because the fund does not generally utilize a peer group for performance comparison purposes. Returns of the benchmark index are "net MA," i.e., adjusted for tax withholding rates applicable to U.S.-based funds organized as Massachusetts business trusts.

Fidelity Advisor Emerging Asia Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Management Fee . The Board considered two proprietary management fee comparisons for the 12-month periods ended September 30 (June 30 for periods ended 2019 and 2018 and December 31 for periods prior to 2018) shown in basis points (BP) in the chart below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than the fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than the fund. The fund's actual TMG %s and the number of funds in the Total Mapped Group are in the chart below. The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which the fund's management fee rate ranked, is also included in the chart and was considered by the Board.

Fidelity Advisor Emerging Asia Fund

The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for the 12-month period ended September, 30 2021.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio . In its review of the class's total expense ratio of the representative class (Class I), the Board considered the fund's management fee rate as well as other fund or class expenses, as applicable, such as transfer agent fees, pricing and bookkeeping fees, fund-paid 12b-1 fees, and custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund. The fund's representative class is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure. The Board also considered a total expense ASPG comparison, which focuses on the total expenses of the representative class relative to a subset of non-Fidelity funds within the total expense similar sales load structure group. The total expense ASPG is limited to 15 larger and 15 smaller classes in fund average assets for a total of 30 classes, where possible. The total expense ASPG comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.703376.125

AEA-ANN-1222

Fidelity Advisor® Global Equity Income Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-16.85%	5.52%	8.11%
Class M (incl.3.50% sales charge)	-15.06%	5.76%	8.10%
Class C (incl. contingent deferred sales charge)	-13.27%	5.97%	8.10%
Class I	-11.53%	7.04%	9.03%
Class Z	-11.41%	7.17%	9.09%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

The initial offering of Class Z shares took place on October 2, 2018. Returns prior to October 2, 2018, are those of Class I.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Global Equity Income Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Comments from Portfolio Manager Ramona Persaud:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned roughly -12% to -11%, outperforming the -19.69% result of the benchmark, the MSCI All Country World Index. By region, stock picks in the U.S. and Canada contributed most to the fund's performance versus the benchmark. By sector, security selection was the primary contributor, led by communication services. Security selection in health care and information technology also helped. Lastly, the fund's position in cash was a notable contributor. Not owning Meta Platforms, a benchmark component that returned -71%, was the largest individual relative contributor. Our second-largest relative contributor this period was avoiding Amazon.com, a benchmark component that returned -39%. Another notable relative contributor was an outsized stake in Eli Lilly (+44%), which was one of our biggest holdings as of October 31. Conversely, stock picks in Japan and the U.K. detracted from the fund's relative result. By sector, the primary detractors from performance versus the benchmark were security selection and an underweighting in industrials. Also hurting the fund's relative result was an underweighting and security selection in financials and materials. Not owning Chevron, a benchmark component that gained roughly 64%, was the largest individual relative detractor. Another notable relative detractor was an overweighting in Sony (-41%). Another notable relative detractor was an outsized stake in Taiwan Semiconductor (-42%), which was among the fund's biggest holdings this period. Notable changes in positioning include reduced exposure to the U.K. and Japan. By sector, meaningful changes in positioning include increased exposure to energy and health care.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals)	4.8
Microsoft Corp. (United States of America, Software)	3.5
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services)	1.9
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels)	1.8
Eli Lilly & Co. (United States of America, Pharmaceuticals)	1.7
Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals)	1.6
Bristol-Myers Squibb Co. (United States of America, Pharmaceuticals)	1.6
Bank of America Corp. (United States of America, Banks)	1.6
JPMorgan Chase & Co. (United States of America, Banks)	1.5
Danaher Corp. (United States of America, Life Sciences Tools & Services)	1.5
	21.5

Market Sectors (% of Fund's net assets)

Information Technology	19.0
Health Care	14.5
Financials	11.5
Consumer Staples	10.3
Industrials	8.6
Consumer Discretionary	7.4
Energy	6.8
Communication Services	6.5
Materials	3.9
Utilities	3.6
Real Estate	1.2

Asset Allocation (% of Fund's net assets)

Foreign investments - 39.7%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 93.3%
	Shares	Value ($)
Bailiwick of Guernsey - 0.5%
Amdocs Ltd.	3,321	286,636
Bailiwick of Jersey - 0.1%
Experian PLC	2,116	67,469
Belgium - 0.5%
KBC Group NV	3,128	156,762
UCB SA	1,351	101,897
TOTAL BELGIUM		258,659
Brazil - 0.8%
Equatorial Energia SA	76,654	445,633
Canada - 4.5%
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	12,229	547,560
Canadian Natural Resources Ltd.	6,698	401,728
Constellation Software, Inc.	142	205,325
Imperial Oil Ltd.	6,840	372,087
Nutrien Ltd.	1,497	126,487
Open Text Corp.	9,366	271,283
Shaw Communications, Inc. Class B	9,949	255,526
Suncor Energy, Inc.	10,705	368,214
TOTAL CANADA		2,548,210
Cayman Islands - 0.6%
HKBN Ltd.	424,217	286,427
SITC International Holdings Co. Ltd.	24,181	39,615
TOTAL CAYMAN ISLANDS		326,042
China - 0.5%
Kweichow Moutai Co. Ltd. (A Shares)	1,043	191,908
TravelSky Technology Ltd. (H Shares)	66,816	97,036
TOTAL CHINA		288,944
Denmark - 0.2%
DSV A/S	665	90,028
Finland - 1.1%
Elisa Corp. (A Shares)	10,073	486,882
Neste OYJ	2,857	125,191
TOTAL FINLAND		612,073
France - 4.2%
Capgemini SA	3,357	550,182
Edenred SA	8,025	412,080
LVMH Moet Hennessy Louis Vuitton SE	975	615,220
Sanofi SA	5,135	441,907
Teleperformance	461	123,600
VINCI SA	2,279	209,752
TOTAL FRANCE		2,352,741
Germany - 1.1%
Deutsche Telekom AG	13,478	254,404
Rheinmetall AG	878	142,734
Siemens AG	2,190	239,168
TOTAL GERMANY		636,306
Hong Kong - 0.5%
AIA Group Ltd.	37,119	281,169
India - 1.1%
HDFC Bank Ltd. sponsored ADR	2,166	134,963
Redington (India) Ltd.	70,886	117,059
Reliance Industries Ltd.	11,666	359,309
TOTAL INDIA		611,331
Indonesia - 0.3%
PT Bank Central Asia Tbk	329,217	185,742
Ireland - 3.0%
Accenture PLC Class A	2,576	731,326
Johnson Controls International PLC	3,497	202,266
Linde PLC	2,518	748,727
TOTAL IRELAND		1,682,319
Japan - 4.8%
Capcom Co. Ltd.	4,053	112,981
Daiichikosho Co. Ltd.	8,153	234,126
FUJIFILM Holdings Corp.	2,275	104,329
Fujitsu Ltd.	1,021	117,475
Hitachi Ltd.	4,668	212,217
Hoya Corp.	5,818	542,888
Inaba Denki Sangyo Co. Ltd.	11,955	223,350
Minebea Mitsumi, Inc.	10,560	156,523
Renesas Electronics Corp. (a)	16,101	134,697
Roland Corp.	4,049	115,184
Shin-Etsu Chemical Co. Ltd.	871	90,523
Sony Group Corp.	5,835	393,481
Toyota Motor Corp.	17,375	241,071
TOTAL JAPAN		2,678,845
Kenya - 0.5%
Safaricom Ltd.	1,435,064	296,828
Korea (South) - 1.2%
Samsung Electronics Co. Ltd.	15,766	656,125
Luxembourg - 0.4%
B&M European Value Retail SA	56,487	208,978
Netherlands - 1.4%
Airbus Group NV	2,414	261,204
NXP Semiconductors NV	3,553	519,022
TOTAL NETHERLANDS		780,226
New Zealand - 0.2%
Auckland International Airport Ltd. (a)	30,862	138,162
Spain - 1.1%
Aena SME SA (a)(b)	1,167	137,159
Amadeus IT Holding SA Class A (a)	9,582	499,752
TOTAL SPAIN		636,911
Sweden - 0.4%
EQT AB	1,308	25,778
HEXPOL AB (B Shares)	17,531	173,068
TOTAL SWEDEN		198,846
Switzerland - 3.4%
Chubb Ltd.	1,308	281,076
Nestle SA (Reg. S)	4,507	490,627
Roche Holding AG (participation certificate)	2,716	901,164
Sika AG	1,003	226,152
TOTAL SWITZERLAND		1,899,019
Taiwan - 1.5%
MediaTek, Inc.	10,462	191,374
Taiwan Semiconductor Manufacturing Co. Ltd.	54,396	653,321
TOTAL TAIWAN		844,695
United Kingdom - 5.8%
Anglo American PLC (United Kingdom)	7,509	224,926
AstraZeneca PLC sponsored ADR	8,989	528,643
BAE Systems PLC	36,635	342,668
Bunzl PLC	4,654	151,630
Compass Group PLC	14,607	307,650
Diageo PLC	8,626	354,982
JD Sports Fashion PLC	98,628	110,211
Reckitt Benckiser Group PLC	4,807	319,012
RELX PLC (London Stock Exchange)	12,008	322,541
RS GROUP PLC	12,008	131,993
Starling Bank Ltd. Series D (a)(c)(d)	20,800	67,267
Unilever PLC	5,687	258,499
WH Smith PLC (a)	9,197	124,140
TOTAL UNITED KINGDOM		3,244,162
United States of America - 53.6%
AbbVie, Inc.	4,175	611,220
Activision Blizzard, Inc.	2,579	187,751
Albertsons Companies, Inc.	4,122	84,542
Ameren Corp.	3,961	322,901
American Tower Corp.	1,299	269,140
Amgen, Inc.	3,020	816,457
Apple, Inc.	17,666	2,708,902
AT&T, Inc.	7,580	138,183
Ball Corp.	2,386	117,845
Bank of America Corp.	24,220	872,889
BJ's Wholesale Club Holdings, Inc. (a)	5,113	395,746
BlackRock, Inc. Class A	489	315,850
Bristol-Myers Squibb Co.	11,578	896,948
Capital One Financial Corp.	5,666	600,709
Cisco Systems, Inc.	9,859	447,894
Comcast Corp. Class A	11,676	370,596
Costco Wholesale Corp.	736	369,104
Crane Holdings Co.	1,562	156,731
Crown Holdings, Inc.	3,676	252,137
Danaher Corp.	3,247	817,172
Dollar Tree, Inc. (a)	1,866	295,761
Dominion Energy, Inc.	3,950	276,382
Eli Lilly & Co.	2,673	967,867
Exxon Mobil Corp.	9,042	1,001,944
Freeport-McMoRan, Inc.	8,671	274,784
General Electric Co.	4,871	379,013
H&R Block, Inc.	5,239	215,585
Hartford Financial Services Group, Inc.	2,785	201,662
Hess Corp.	2,551	359,895
JPMorgan Chase & Co.	6,631	834,710
KBR, Inc.	3,959	197,039
Keurig Dr. Pepper, Inc.	8,502	330,218
Lamar Advertising Co. Class A	4,483	413,467
Lowe's Companies, Inc.	970	189,102
M&T Bank Corp.	2,729	459,482
McDonald's Corp.	1,560	425,350
Merck & Co., Inc.	3,606	364,927
Microsoft Corp.	8,512	1,975,891
Mondelez International, Inc.	5,923	364,146
MSCI, Inc.	363	170,196
NextEra Energy, Inc.	5,741	444,928
Northrop Grumman Corp.	665	365,092
PG&E Corp. (a)	3,708	55,360
Philip Morris International, Inc.	1,968	180,761
Phillips 66 Co.	4,134	431,135
PNC Financial Services Group, Inc.	3,032	490,669
Procter & Gamble Co.	4,165	560,901
T-Mobile U.S., Inc. (a)	4,912	744,463
Target Corp.	3,008	494,064
The Coca-Cola Co.	11,010	658,949
The Travelers Companies, Inc.	2,810	518,333
TJX Companies, Inc.	5,723	412,628
United Parcel Service, Inc. Class B	2,081	349,129
UnitedHealth Group, Inc.	1,964	1,090,315
Valero Energy Corp.	3,154	395,985
Verizon Communications, Inc.	10,518	393,058
Vistra Corp.	12,260	281,612
Walmart, Inc.	4,760	677,491
Watsco, Inc.	141	38,205
WEC Energy Group, Inc.	1,975	180,377
Wells Fargo & Co.	16,910	777,691
TOTAL UNITED STATES OF AMERICA		29,991,284
TOTAL COMMON STOCKS (Cost $47,433,086)		52,247,383

Money Market Funds - 6.6%
	Shares	Value ($)
Fidelity Cash Central Fund 3.10% (e) (Cost $3,668,251)	3,667,517	3,668,251

TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $51,101,337)	55,915,634
NET OTHER ASSETS (LIABILITIES) - 0.1%	76,430
NET ASSETS - 100.0%	55,992,064

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

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 $137,159 or 0.2% 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 $67,267 or 0.1% of net assets.

(d)	Level 3 security

(e)

Additional information on each restricted holding is as follows:
Security	Acquisition Date	Acquisition Cost ($)
Starling Bank Ltd. Series D	6/18/21 - 4/05/22	40,298

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 3.10%	3,121,618	29,060,533	28,513,900	39,822	-	-	3,668,251	0.0%
Fidelity Securities Lending Cash Central Fund 3.10%	-	576,770	576,770	566	-	-	-	0.0%
Total	3,121,618	29,637,303	29,090,670	40,388	-	-	3,668,251

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	3,761,225	3,506,821	254,404	-
Consumer Discretionary	4,148,425	2,591,003	1,557,422	-
Consumer Staples	5,784,446	4,361,326	1,423,120	-
Energy	3,815,488	3,815,488	-	-
Financials	6,374,948	5,869,750	437,931	67,267
Health Care	8,081,405	6,738,334	1,343,071	-
Industrials	4,677,288	3,097,327	1,579,961	-
Information Technology	10,679,709	8,724,282	1,955,427	-
Materials	2,234,649	1,693,048	541,601	-
Real Estate	682,607	682,607	-	-
Utilities	2,007,193	2,007,193	-	-

Money Market Funds	3,668,251	3,668,251	-	-
Total Investments in Securities:	55,915,634	46,755,430	9,092,937	67,267

Financial Statements

Statement of Assets and Liabilities
			October 31, 2022

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $47,433,086)	$52,247,383
Fidelity Central Funds (cost $3,668,251)	3,668,251

Total Investment in Securities (cost $51,101,337)		$	55,915,634
Cash			20,625
Foreign currency held at value (cost $5,048)			5,095
Receivable for fund shares sold			37,343
Dividends receivable			121,422
Distributions receivable from Fidelity Central Funds			10,838
Prepaid expenses			71
Total assets			56,111,028
Liabilities
Payable for fund shares redeemed	$1,324
Accrued management fee	30,062
Transfer agent fee payable	7,165
Distribution and service plan fees payable	10,180
Other affiliated payables	2,153
Other payables and accrued expenses	68,080
Total Liabilities			118,964
Net Assets		$	55,992,064
Net Assets consist of:
Paid in capital		$	51,671,720
Total accumulated earnings (loss)			4,320,344
Net Assets		$	55,992,064

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($16,092,810 ÷ 946,089 shares) (a)		$	17.01
Maximum offering price per share (100/94.25 of $17.01)		$	18.05
Class M :
Net Asset Value and redemption price per share ($8,535,261 ÷ 502,182 shares) (a)		$	17.00
Maximum offering price per share (100/96.50 of $17.00)		$	17.62
Class C :
Net Asset Value and offering price per share ($4,437,236 ÷ 263,799 shares) (a)		$	16.82
Class I :
Net Asset Value , offering price and redemption price per share ($16,952,878 ÷ 995,716 shares)		$	17.03
Class Z :
Net Asset Value , offering price and redemption price per share ($9,973,879 ÷ 582,294 shares)		$	17.13
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations
				Year ended October 31, 2022
Investment Income
Dividends			$	892,177
Income from Fidelity Central Funds (including $566 from security lending)				40,388
Income before foreign taxes withheld				932,565
Less foreign taxes withheld				(49,026)
Total Income				883,539
Expenses
Management fee	$	283,109
Transfer agent fees		71,606
Distribution and service plan fees		128,251
Accounting fees		21,288
Custodian fees and expenses		10,848
Independent trustees' fees and expenses		136
Registration fees		66,972
Audit		59,244
Legal		2,663
Miscellaneous		332
Total expenses before reductions		644,449
Expense reductions		(85,891)
Total expenses after reductions				558,558
Net Investment income (loss)				324,981
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers(net of foreign taxes of $8,195)		(470,674)
Foreign currency transactions		(5,810)
Total net realized gain (loss)				(476,484)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $15,611)		(4,965,292)
Assets and liabilities in foreign currencies		(3,897)
Total change in net unrealized appreciation (depreciation)				(4,969,189)
Net gain (loss)				(5,445,673)
Net increase (decrease) in net assets resulting from operations			$	(5,120,692)

Statement of Changes in Net Assets

		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	324,981	$	112,330
Net realized gain (loss)		(476,484)		3,052,387
Change in net unrealized appreciation (depreciation)		(4,969,189)		4,519,727
Net increase (decrease) in net assets resulting from operations		(5,120,692)		7,684,444
Distributions to shareholders		(3,032,586)		(393,317)
Share transactions - net increase (decrease)		29,771,568		5,360,910
Total increase (decrease) in net assets		21,618,290		12,652,037

Net Assets
Beginning of period		34,373,774		21,721,737
End of period	$	55,992,064	$	34,373,774

Financial Highlights

Fidelity Advisor® Global Equity Income Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	21.07	$	15.95	$	15.33	$	13.86	$	14.63
Income from Investment Operations
Net investment income (loss) A,B		.15		.10		.13		.19		.19
Net realized and unrealized gain (loss)		(2.41)		5.32		.61		1.76		(.52)
Total from investment operations		(2.26)		5.42		.74		1.95		(.33)
Distributions from net investment income		(.11)		(.10) C		(.12)		(.20)		(.18)
Distributions from net realized gain		(1.69)		(.20) C		-		(.28)		(.26)
Total distributions		(1.80)		(.30)		(.12)		(.48)		(.44)
Net asset value, end of period	$	17.01	$	21.07	$	15.95	$	15.33	$	13.86
Total Return D,E		(11.78)%		34.23%		4.87%		14.52%		(2.41)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.54%		1.72%		1.97%		2.18%		1.91%
Expenses net of fee waivers, if any		1.30%		1.34%		1.39%		1.45%		1.45%
Expenses net of all reductions		1.30%		1.34%		1.38%		1.45%		1.44%
Net investment income (loss)		.81%		.49%		.81%		1.32%		1.33%
Supplemental Data
Net assets, end of period (000 omitted)	$	16,093	$	12,640	$	8,362	$	8,314	$	8,427
Portfolio turnover rate H		17%		40%		52%		18% I		37%

A Calculated based on average shares outstanding during the period.

C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Total returns do not include the effect of the sales charges.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	21.05	$	15.94	$	15.32	$	13.85	$	14.62
Income from Investment Operations
Net investment income (loss) A,B		.10		.05		.09		.15		.16
Net realized and unrealized gain (loss)		(2.40)		5.31		.61		1.76		(.53)
Total from investment operations		(2.30)		5.36		.70		1.91		(.37)
Distributions from net investment income		(.05)		(.06) C		(.08)		(.16)		(.14)
Distributions from net realized gain		(1.69)		(.20) C		-		(.28)		(.26)
Total distributions		(1.75) D		(.25) D		(.08)		(.44)		(.40)
Net asset value, end of period	$	17.00	$	21.05	$	15.94	$	15.32	$	13.85
Total Return E,F		(11.98)%		33.89%		4.63%		14.23%		(2.64)%
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.76%		1.95%		2.24%		2.49%		2.21%
Expenses net of fee waivers, if any		1.55%		1.60%		1.64%		1.70%		1.70%
Expenses net of all reductions		1.55%		1.60%		1.63%		1.70%		1.69%
Net investment income (loss)		.56%		.23%		.56%		1.07%		1.08%
Supplemental Data
Net assets, end of period (000 omitted)	$	8,535	$	8,442	$	3,545	$	3,135	$	3,279
Portfolio turnover rate I		17%		40%		52%		18% J		37%

A Calculated based on average shares outstanding during the period.

C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

D Total distributions per share do not sum due to rounding.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

J Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	20.88	$	15.84	$	15.24	$	13.77	$	14.57
Income from Investment Operations
Net investment income (loss) A,B		.01		(.05)		.01		.08		.08
Net realized and unrealized gain (loss)		(2.39)		5.28		.62		1.75		(.53)
Total from investment operations		(2.38)		5.23		.63		1.83		(.45)
Distributions from net investment income		(.02)		- C,D		(.03)		(.09)		(.09)
Distributions from net realized gain		(1.66)		(.19) D		-		(.28)		(.26)
Total distributions		(1.68)		(.19)		(.03)		(.36) E		(.35)
Net asset value, end of period	$	16.82	$	20.88	$	15.84	$	15.24	$	13.77
Total Return F,G		(12.46)%		33.22%		4.12%		13.71%		(3.22)%
Ratios to Average Net Assets B,H,I
Expenses before reductions		2.31%		2.47%		2.75%		2.99%		2.72%
Expenses net of fee waivers, if any		2.05%		2.09%		2.14%		2.20%		2.20%
Expenses net of all reductions		2.05%		2.09%		2.13%		2.20%		2.19%
Net investment income (loss)		.06%		(.26)%		.06%		.57%		.58%
Supplemental Data
Net assets, end of period (000 omitted)	$	4,437	$	5,891	$	4,082	$	4,173	$	4,340
Portfolio turnover rate J		17%		40%		52%		18% K		37%

A Calculated based on average shares outstanding during the period.

C Amount represents less than $.005 per share.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total distributions per share do not sum due to rounding.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Total returns do not include the effect of the contingent deferred sales charge.

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	21.09	$	15.96	$	15.35	$	13.88	$	14.66
Income from Investment Operations
Net investment income (loss) A,B		.19		.15		.17		.22		.23
Net realized and unrealized gain (loss)		(2.40)		5.32		.60		1.77		(.53)
Total from investment operations		(2.21)		5.47		.77		1.99		(.30)
Distributions from net investment income		(.15)		(.15) C		(.16)		(.24)		(.22)
Distributions from net realized gain		(1.69)		(.20) C		-		(.28)		(.26)
Total distributions		(1.85) D		(.34) D		(.16)		(.52)		(.48)
Net asset value, end of period	$	17.03	$	21.09	$	15.96	$	15.35	$	13.88
Total Return E		(11.53)%		34.59%		5.08%		14.84%		(2.20)%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.15%		1.37%		1.63%		1.83%		1.51%
Expenses net of fee waivers, if any		1.04%		1.07%		1.13%		1.20%		1.20%
Expenses net of all reductions		1.04%		1.07%		1.12%		1.20%		1.19%
Net investment income (loss)		1.06%		.75%		1.06%		1.57%		1.58%
Supplemental Data
Net assets, end of period (000 omitted)	$	16,953	$	2,823	$	2,378	$	2,188	$	2,493
Portfolio turnover rate H		17%		40%		52%		18% I		37%

A Calculated based on average shares outstanding during the period.

C The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

D Total distributions per share do not sum due to rounding.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class Z

Years ended October 31,		2022		2021		2020		2019		2018 A
Selected Per-Share Data
Net asset value, beginning of period	$	21.18	$	16.01	$	15.37	$	13.88	$	14.88
Income from Investment Operations
Net investment income (loss) B,C		.22		.18		.19		.25		.01
Net realized and unrealized gain (loss)		(2.42)		5.34		.61		1.76		(.94)
Total from investment operations		(2.20)		5.52		.80		2.01		(.93)
Distributions from net investment income		(.16)		(.15) D		(.16)		(.24)		(.07)
Distributions from net realized gain		(1.69)		(.20) D		-		(.28)		-
Total distributions		(1.85)		(.35)		(.16)		(.52)		(.07)
Net asset value, end of period	$	17.13	$	21.18	$	16.01	$	15.37	$	13.88
Total Return E,F		(11.41)%		34.75%		5.29%		15.00%		(6.31)%
Ratios to Average Net Assets C,G,H
Expenses before reductions		1.09%		1.29%		1.50%		1.37%		1.08% I
Expenses net of fee waivers, if any		.89%		.93%		.98%		1.04%		1.05% I
Expenses net of all reductions		.89%		.93%		.97%		1.04%		1.04% I
Net investment income (loss)		1.21%		.90%		1.21%		1.73%		.45% I
Supplemental Data
Net assets, end of period (000 omitted)	$	9,974	$	4,579	$	3,354	$	3,599	$	94
Portfolio turnover rate J		17%		40%		52%		18% K		37% I

A For the period October 2, 2018 (commencement of sale of shares) through October 31, 2018.

B Calculated based on average shares outstanding during the period.

D The amount shown reflects reclassifications related to book to tax differences that were made in the year shown.

E Total returns for periods of less than one year are not annualized.

F Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

I Annualized

J Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

K Portfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2022

1. Organization.

Fidelity Advisor Global Equity Income Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign taxes withheld. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.

Book-tax differences are primarily due to foreign currency transactions, certain foreign taxes, capital loss carryforwards and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$8,825,387
Gross unrealized depreciation	(4,113,835)
Net unrealized appreciation (depreciation)	$4,711,552
Tax Cost	$51,204,082

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$58,235
Capital loss carryforward	$(429,649)
Net unrealized appreciation (depreciation) on securities and other investments	$4,708,627

Short-term	$(332,161)
Long-term	(97,488)
Total capital loss carryforward	$(429,649)

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Ordinary Income	$442,476	$135,643
Long-term Capital Gains	2,590,110	257,674
Total	$3,032,586	$393,317

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Global Equity Income Fund	33,046,148	6,644,633

5. Fees and Other Transactions with Affiliates.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$35,086	$1,723
Class M	.25%	.25%	43,006	28
Class C	.75%	.25%	50,159	7,396
			$128,251	$9,147

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$3,989
Class M	1,856
Class C A	138
	$5,983

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$30,258	.22
Class M	14,984	.17
Class C	10,963	.22
Class I	13,070	.15
Class Z	2,331	.04
	$71,606

	% of Average Net Assets
Fidelity Advisor Global Equity Income Fund	.05

	Amount
Fidelity Advisor Global Equity Income Fund	$183

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Global Equity Income Fund	1,844,720	185,217	(18,827)

6. Committed Line of Credit.

	Amount
Fidelity Advisor Global Equity Income Fund	$69

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Global Equity Income Fund	$60	$-	$-

8. Expense Reductions.

The following classes were in reimbursement during the period:

	Expense Limitations	Reimbursement
Class A	1.30%	$33,549
Class M	1.55%	18,037
Class C	2.05%	12,903
Class I	1.05%	9,213
Class Z	.90%	10,815
		$84,517

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $1,346.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Global Equity Income Fund
Distributions to shareholders
Class A	$1,161,549	$159,603
Class M	727,027	63,027
Class C	438,290	49,095
Class I	304,398	47,915
Class Z	401,322	73,677
Total	$3,032,586	$393,317

10. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Global Equity Income Fund
Class A
Shares sold	422,904	150,442	$7,682,449	$2,985,593
Reinvestment of distributions	58,695	8,392	1,140,971	155,239
Shares redeemed	(135,332)	(83,330)	(2,463,385)	(1,637,388)
Net increase (decrease)	346,267	75,504	$6,360,035	$1,503,444
Class M
Shares sold	187,839	204,169	$ 3,454,901	$4,037,840
Reinvestment of distributions	37,279	3,428	726,929	62,978
Shares redeemed	(123,934)	(29,024)	(2,223,736)	(563,106)
Net increase (decrease)	101,184	178,573	$1,958,094	$3,537,712
Class C
Shares sold	51,783	79,044	$965,694	$1,527,924
Reinvestment of distributions	22,518	2,756	437,451	48,927
Shares redeemed	(92,657)	(57,448)	(1,755,261)	(1,112,359)
Net increase (decrease)	(18,356)	24,352	$(352,116)	$464,492
Class I
Shares sold	928,989	16,112	$16,746,678	$322,451
Reinvestment of distributions	13,473	1,960	251,798	36,296
Shares redeemed	(80,579)	(33,236)	(1,470,040)	(623,246)
Net increase (decrease)	861,883	(15,164)	$15,528,436	$(264,499)
Class Z
Shares sold	434,610	52,488	$7,540,263	$1,041,371
Reinvestment of distributions	19,889	3,913	385,895	72,992
Shares redeemed	(88,338)	(49,793)	(1,649,039)	(994,602)
Net increase (decrease)	366,161	6,608	$6,277,119	$119,761

11. Other.

12. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and Shareholders of Fidelity Advisor Global Equity Income Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity Advisor Global Equity Income Fund (one of the funds constituting Fidelity Advisor Series VIII, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the periods indicated therein (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the periods indicated therein in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian and issuers of privately offered securities. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Global Equity Income Fund
Class A	1.30%
Actual		$ 1,000	$ 929.80	$ 6.32
Hypothetical- B		$ 1,000	$ 1,018.65	$ 6.61
Class M	1.55%
Actual		$ 1,000	$ 928.90	$ 7.54
Hypothetical- B		$ 1,000	$ 1,017.39	$ 7.88
Class C	2.05%
Actual		$ 1,000	$ 926.20	$ 9.95
Hypothetical- B		$ 1,000	$ 1,014.87	$ 10.41
Class I	1.05%
Actual		$ 1,000	$ 931.10	$ 5.11
Hypothetical- B		$ 1,000	$ 1,019.91	$ 5.35
Class Z	.89%
Actual		$ 1,000	$ 931.70	$ 4.33
Hypothetical- B		$ 1,000	$ 1,020.72	$ 4.53

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

A total of 0.01% of the dividends distributed during the fiscal year was derived from interest on U.S. Government securities which is generally exempt from state income tax.

The fund designates 99.74% of the short-term capital gain dividends distributed during the fiscal year as qualifying to be taxed as short-term capital gain dividends for nonresident alien shareholders.

Class A designates 57%, 100%, 100%, and 100%; Class M designates 63%, -%, 100%, and 100%; Class C designates 85%, -%, 100%, and -%; Class I designates 52%, 100%, 100%, and 100%; and Class Z designates 52%, 100%, 100%, and 100%; of the dividends distributed in December, April, July, and October, respectively during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

Class A, Class M, Class C, Class I, and Class Z designate 100% of each dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Global Equity Income Fund

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage. The Board also considered the steps Fidelity had taken to ensure the continued provision of high quality services to the Fidelity funds during the COVID-19 pandemic, including the expansion of staff in client facing positions to maintain service levels in periods of high volumes and volatility.

Resources Dedicated to Investment Management and Support Services. The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

Shareholder and Administrative Services. The Board considered (i) the nature, extent, quality, and cost of advisory, administrative, and shareholder services performed by the Investment Advisers and their affiliates under the Advisory Contracts and under separate agreements covering transfer agency, pricing and bookkeeping, and securities lending services for the fund; (ii) the nature and extent of the supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted to, and the record of compliance with, the fund's compliance policies and procedures. The Board also reviewed the allocation of fund brokerage, including allocations to brokers affiliated with the Investment Advisers, the use of brokerage commissions to pay fund expenses, and the use of "soft" commission dollars to pay for research services.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

Investment in a Large Fund Family. The Board considered the benefits to shareholders of investing in a Fidelity fund, including the benefits of investing in a fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of mutual fund investor services. The Board noted that Fidelity had taken, or had made recommendations that resulted in the Fidelity funds taking, a number of actions over the previous year that benefited particular funds, including: (i) continuing to dedicate additional resources to Fidelity's investment research process, which includes meetings with management of issuers of securities in which the funds invest; (ii) continuing efforts to enhance Fidelity's global research capabilities; (iii) launching new funds and ETFs with innovative structures, strategies and pricing and making other enhancements to meet client needs; (iv) launching new share classes of existing funds; (v) eliminating purchase minimums and broadening eligibility requirements for certain funds and share classes; (vi) reducing management fees and total expenses for certain target date funds and classes and index funds; (vii) lowering expenses for certain existing funds and classes by implementing or lowering expense caps; (viii) rationalizing product lines and gaining increased efficiencies from fund mergers and liquidations; (ix) continuing to develop, acquire and implement systems and technology to improve services to the funds and shareholders, strengthen information security, and increase efficiency; and (x) continuing to implement enhancements to further strengthen Fidelity's product line to increase investors' probability of success in achieving their investment goals, including retirement income goals.

Fidelity Advisor Global Equity Income Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Competitiveness of Management Fee and Total Expense Ratio. The Board considered the fund's management fee and total expense ratio compared to "mapped groups" of competitive funds and classes created for the purpose of facilitating the Trustees' competitive analysis of management fees and total expenses. Fidelity creates "mapped groups" by combining similar Lipper investment objective categories that have comparable investment mandates. Combining Lipper investment objective categories aids the Board's management fee and total expense ratio comparisons by broadening the competitive group used for comparison.

Management Fee. The Board considered two proprietary management fee comparisons for the 12-month periods ended September 30 (June 30 for periods ended 2019 and 2018 and December 31 for periods prior to 2018) shown in basis points (BP) in the chart below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group is broader than the Lipper peer group used by the Board for performance comparisons because the Total Mapped Group combines several Lipper investment objective categories while the Lipper peer group does not. The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than the fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than the fund. The fund's actual TMG %s and the number of funds in the Total Mapped Group are in the chart below. The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which the fund's management fee rate ranked, is also included in the chart and was considered by the Board.

Fidelity Advisor Global Equity Income Fund

The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for the 12-month period ended September 30, 2021.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio. In its review of the total expense ratio of the representative class (Class I), the Board considered the fund's management fee rate as well as other fund or class expenses, as applicable, such as transfer agent fees, pricing and bookkeeping fees, fund-paid 12b-1 fees, and custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund. The fund's representative class is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure. The Board also considered a total expense ASPG comparison, which focuses on the total expenses of the representative class relative to a subset of non-Fidelity funds within the total expense similar sales load structure group. The total expense ASPG is limited to 15 larger and 15 smaller classes in fund average assets for a total of 30 classes, where possible. The total expense ASPG comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board noted that the total net expense ratio of Class I ranked above the similar sales load structure group competitive median and above the ASPG competitive median for the 12-month period ended September 30, 2021. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that, although Class I is categorized by Lipper as an institutional class, Class I has no investment minimum, unlike most other funds and classes categorized as institutional. As a result, FMR believes Class I is generally more comparable to retail funds and classes. The Board considered that, when compared to retail funds and classes, Class I would not be above the similar sales load structure growth competitive median for 2021. The Board also considered that Fidelity believes that, because the ASPG is composed of funds/classes with varied types of servicing arrangements, such funds/classes are not directly comparable to the retail class of the fund. The Board noted that the fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes vary primarily by the level of their 12b-1 fees, although differences in transfer agent fees may also cause expenses to vary from class to class.

The Board considered that FMR has contractually agreed to reimburse Class A, Class M, Class C, Class I, and Class Z of the fund to the extent that total operating expenses, with certain exceptions, as a percentage of their respective average net assets, exceed 1.30%, 1.55%, 2.05%, 1.05%, and 0.90% through February 28, 2023.

Fees Charged to Other Fidelity Clients. The Board also considered Fidelity fee structures and other information with respect to clients of Fidelity, such as other funds advised or subadvised by Fidelity, pension plan clients, and other institutional clients with similar mandates. The Board noted that a joint ad hoc committee created by it and the boards of other Fidelity funds periodically reviews and compares Fidelity's institutional investment advisory business with its business of providing services to the Fidelity funds and also noted the most recent findings of the committee. The Board noted that the committee's review included a consideration of the differences in services provided, fees charged, and costs incurred, as well as competition in the markets serving the different categories of clients.

Costs of the Services and Profitability. The Board considered the revenues earned and the expenses incurred by Fidelity in conducting the business of developing, marketing, distributing, managing, administering and servicing the fund and servicing the fund's shareholders. The Board also considered the level of Fidelity's profits in respect of all the Fidelity funds.

Economies of Scale. The Board considered whether there have been economies of scale in respect of the management of the Fidelity funds, whether the Fidelity funds (including the fund) have appropriately benefited from any such economies of scale, and whether there is potential for realization of any further economies of scale. The Board considered the extent to which the fund will benefit from economies of scale as assets grow through increased services to the fund, through waivers or reimbursements, or through fee or expense ratio reductions. The Board also noted that a committee (the Economies of Scale Committee) created by it and the boards of other Fidelity funds periodically analyzes whether Fidelity attains economies of scale in respect of the management and servicing of the Fidelity funds, whether the Fidelity funds have appropriately benefited from such economies of scale, and whether there is potential for realization of any further economies of scale.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.938151.110

AGED-ANN-1222

Fidelity Advisor® Value Leaders Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-3.94%	4.83%	8.73%
Class M (incl.3.50% sales charge)	-1.93%	5.06%	8.72%
Class C (incl. contingent deferred sales charge)	0.25%	5.29%	8.72%
Class I	2.16%	6.37%	9.68%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Value Leaders Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the Russell 1000® Value Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

U.S. equities returned -14.61% for the 12 months ending October 31, 2022, according to the S&P 500® index, as a multitude of risk factors challenged the global economy and financial markets. Persistently high inflation prompted the Federal Reserve to aggressively tighten monetary policy, and market interest rates eclipsed their highest level in roughly a decade, stoking recession fears and sending stocks into bear market territory. In late 2021, the Fed shifted to a more "hawkish" (restrictive) policy stance and proceeded to hike its benchmark rate five times, by a total of 3%, between March and September - the fastest-ever pace of monetary tightening - while taking substantive steps to shrink its massive asset portfolio. Against this hostile backdrop for risk assets, the S&P 500® posted its worst year-to-date result (-23.87%) in 20 years through September, a seasonally weak month for stocks that stayed true to form, and then some, with volatility spiking due to growing certainty the Fed would persist in its effort to cool inflation, even at the expense of economic growth. Three of the index's worst monthly returns ever were recorded this period, with the S&P 500® shedding 8% to 9% in April, June and September. Gains of similar proportion were made in July and October, amid optimism on inflation and policy easing. For the full 12 months, the growth-oriented communication services (-41%) and consumer discretionary (-29%) sectors lagged most. In sharp contrast, energy (+65%) had a strong run, followed by consumer staples (+5%).

Comments from Portfolio Manager Sean Gavin:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) gained about 1% to 2%, outperforming the -7.00% result of the benchmark Russell 1000® Value Index. Versus the benchmark, security selection was the primary contributor to the fund's performance, led by the health care sector. Security selection in utilities and financials also bolstered the fund's relative result. The biggest individual relative contributor was an overweight position in Cigna (+54%) and we increased our position in this company. Also bolstering performance was our outsized stake in Exxon Mobil, which gained 79%. Exxon Mobil was the fund's largest holding at period end. Another notable relative contributor was our larger-than-benchmark holding in Constellation Energy (+79%), a stake we established this period. In contrast, the largest detractor from performance versus the benchmark was stock picks in consumer staples. An overweighting and stock picks in communication services and stock selection in materials also hindered relative performance, as did the fund's foreign holdings overall, in part due to a broadly strong U.S. dollar. The biggest individual relative detractor was an overweight position in Comcast (-37%). Comcast was among our biggest holdings. Our second-largest relative detractor this period was avoiding Chevron, a benchmark component that gained roughly 64%. The fund's non-benchmark investment in Samsung Electronics, one of the fund's largest holdings this period, returned -30%. Notable changes in positioning include increased exposure to the energy sector and a lower allocation to consumer staples.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Exxon Mobil Corp.	7.1
Cigna Corp.	5.5
Berkshire Hathaway, Inc. Class B	4.9
Centene Corp.	4.3
Activision Blizzard, Inc.	3.6
JPMorgan Chase & Co.	3.6
Comcast Corp. Class A	3.6
ConocoPhillips Co.	3.3
Constellation Energy Corp.	3.1
PG&E Corp.	3.0
	42.0

Market Sectors (% of Fund's net assets)

Health Care	22.1
Financials	20.1
Energy	11.0
Utilities	10.8
Communication Services	8.9
Industrials	7.0
Information Technology	6.0
Consumer Staples	3.9
Consumer Discretionary	3.4
Materials	2.5

Asset Allocation (% of Fund's net assets)

Foreign investments - 14.6%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 93.2%
	Shares	Value ($)
COMMUNICATION SERVICES - 8.9%
Entertainment - 3.6%
Activision Blizzard, Inc.	19,273	1,403,074
Interactive Media & Services - 1.7%
Alphabet, Inc. Class A (a)	6,849	647,299
Media - 3.6%
Comcast Corp. Class A	43,313	1,374,755
TOTAL COMMUNICATION SERVICES		3,425,128
CONSUMER DISCRETIONARY - 3.4%
Diversified Consumer Services - 1.7%
H&R Block, Inc.	16,123	663,461
Specialty Retail - 1.7%
Ross Stores, Inc.	6,655	636,817
TOTAL CONSUMER DISCRETIONARY		1,300,278
CONSUMER STAPLES - 3.9%
Food Products - 1.8%
Mondelez International, Inc.	11,638	715,504
Household Products - 2.1%
Reckitt Benckiser Group PLC	8,987	596,413
Spectrum Brands Holdings, Inc.	4,601	212,290
		808,703
TOTAL CONSUMER STAPLES		1,524,207
ENERGY - 11.0%
Oil, Gas & Consumable Fuels - 11.0%
ConocoPhillips Co.	10,272	1,295,196
Exxon Mobil Corp.	24,759	2,743,545
Parex Resources, Inc.	14,700	224,220
		4,262,961
FINANCIALS - 20.1%
Banks - 9.7%
Bank of America Corp.	29,621	1,067,541
JPMorgan Chase & Co.	10,946	1,377,882
M&T Bank Corp.	3,694	621,959
PNC Financial Services Group, Inc.	4,119	666,578
		3,733,960
Diversified Financial Services - 4.9%
Berkshire Hathaway, Inc. Class B (a)	6,414	1,892,707
Insurance - 5.5%
Chubb Ltd.	3,413	733,420
The Travelers Companies, Inc.	3,600	664,056
Willis Towers Watson PLC	3,307	721,620
		2,119,096
TOTAL FINANCIALS		7,745,763
HEALTH CARE - 22.1%
Biotechnology - 1.1%
Regeneron Pharmaceuticals, Inc. (a)	566	423,793
Health Care Providers & Services - 17.0%
Centene Corp. (a)	19,540	1,663,440
Cigna Corp.	6,545	2,114,428
Elevance Health, Inc.	1,724	942,631
Humana, Inc.	1,342	748,943
UnitedHealth Group, Inc.	2,012	1,116,962
		6,586,404
Pharmaceuticals - 4.0%
AstraZeneca PLC sponsored ADR	9,383	551,814
Roche Holding AG (participation certificate)	1,511	501,347
Sanofi SA sponsored ADR	11,282	487,721
		1,540,882
TOTAL HEALTH CARE		8,551,079
INDUSTRIALS - 7.0%
Aerospace & Defense - 4.0%
Northrop Grumman Corp.	1,489	817,476
The Boeing Co. (a)	4,984	710,270
		1,527,746
Electrical Equipment - 1.6%
Regal Rexnord Corp.	4,842	612,707
Machinery - 1.4%
Oshkosh Corp.	6,199	545,512
TOTAL INDUSTRIALS		2,685,965
INFORMATION TECHNOLOGY - 3.5%
IT Services - 2.5%
Amdocs Ltd.	6,388	551,348
Cognizant Technology Solutions Corp. Class A	6,765	421,121
		972,469
Software - 1.0%
NortonLifeLock, Inc.	17,230	388,192
TOTAL INFORMATION TECHNOLOGY		1,360,661
MATERIALS - 2.5%
Chemicals - 1.7%
DuPont de Nemours, Inc.	11,759	672,615
Metals & Mining - 0.8%
Lundin Mining Corp.	56,576	296,512
TOTAL MATERIALS		969,127
UTILITIES - 10.8%
Electric Utilities - 9.7%
Constellation Energy Corp.	12,693	1,199,996
Evergy, Inc.	5,869	358,772
NextEra Energy, Inc.	4,617	357,818
PG&E Corp. (a)	76,616	1,143,877
Southern Co.	10,118	662,527
		3,722,990
Independent Power and Renewable Electricity Producers - 1.1%
The AES Corp.	16,836	440,430
TOTAL UTILITIES		4,163,420
TOTAL COMMON STOCKS (Cost $29,708,892)		35,988,589

Nonconvertible Preferred Stocks - 2.5%
	Shares	Value ($)
INFORMATION TECHNOLOGY - 2.5%
Technology Hardware, Storage & Peripherals - 2.5%
Samsung Electronics Co. Ltd. (Cost $1,111,955)	25,565	954,666

Money Market Funds - 4.3%
	Shares	Value ($)
Fidelity Cash Central Fund 3.10% (b) (Cost $1,657,491)	1,657,159	1,657,491

TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $32,478,338)	38,600,746
NET OTHER ASSETS (LIABILITIES) - 0.0%	15,990
NET ASSETS - 100.0%	38,616,736

Legend

(a)	Non-income producing

(b)

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 3.10%	301,089	16,366,821	15,010,419	13,580	-	-	1,657,491	0.0%
Fidelity Securities Lending Cash Central Fund 3.10%	-	1,225,600	1,225,600	33	-	-	-	0.0%
Total	301,089	17,592,421	16,236,019	13,613	-	-	1,657,491

Investment Valuation

Valuation Inputs at Reporting Date:
Description	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	3,425,128	3,425,128	-	-
Consumer Discretionary	1,300,278	1,300,278	-	-
Consumer Staples	1,524,207	927,794	596,413	-
Energy	4,262,961	4,262,961	-	-
Financials	7,745,763	7,745,763	-	-
Health Care	8,551,079	8,049,732	501,347	-
Industrials	2,685,965	2,685,965	-	-
Information Technology	2,315,327	2,315,327	-	-
Materials	969,127	969,127	-	-
Utilities	4,163,420	4,163,420	-	-

Money Market Funds	1,657,491	1,657,491	-	-
Total Investments in Securities:	38,600,746	37,502,986	1,097,760	-

Financial Statements

Statement of Assets and Liabilities
			October 31, 2022

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $30,820,847)	$36,943,255
Fidelity Central Funds (cost $1,657,491)	1,657,491

Total Investment in Securities (cost $32,478,338)		$	38,600,746
Receivable for fund shares sold			60,118
Dividends receivable			35,924
Distributions receivable from Fidelity Central Funds			4,260
Prepaid expenses			47
Receivable from investment adviser for expense reductions			183
Other receivables			28
Total assets			38,701,306
Liabilities
Payable for fund shares redeemed	$13,912
Accrued management fee	16,057
Transfer agent fee payable	5,197
Distribution and service plan fees payable	8,318
Other affiliated payables	1,032
Audit fee payable	39,424
Other payables and accrued expenses	630
Total Liabilities			84,570
Net Assets		$	38,616,736
Net Assets consist of:
Paid in capital		$	31,867,810
Total accumulated earnings (loss)			6,748,926
Net Assets		$	38,616,736

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($20,328,094 ÷ 969,438 shares) (a)		$	20.97
Maximum offering price per share (100/94.25 of $20.97)		$	22.25
Class M :
Net Asset Value and redemption price per share ($5,569,383 ÷ 264,550 shares) (a)		$	21.05
Maximum offering price per share (100/96.50 of $21.05)		$	21.81
Class C :
Net Asset Value and offering price per share ($2,846,826 ÷ 140,340 shares) (a)		$	20.29
Class I :
Net Asset Value , offering price and redemption price per share ($9,872,433 ÷ 467,490 shares)		$	21.12
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.

Statement of Operations
				Year ended October 31, 2022
Investment Income
Dividends			$	571,787
Income from Fidelity Central Funds (including $33 from security lending)				13,613
Total Income				585,400
Expenses
Management fee
Basic fee	$	155,984
Performance adjustment		(24,780)
Transfer agent fees		58,113
Distribution and service plan fees		94,593
Accounting fees		11,073
Custodian fees and expenses		3,387
Independent trustees' fees and expenses		98
Registration fees		54,545
Audit		44,882
Legal		3,085
Miscellaneous		294
Total expenses before reductions		401,274
Expense reductions		(40,668)
Total expenses after reductions				360,606
Net Investment income (loss)				224,794
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers		457,055
Foreign currency transactions		(587)
Total net realized gain (loss)				456,468
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers		152,468
Assets and liabilities in foreign currencies		(1,854)
Total change in net unrealized appreciation (depreciation)				150,614
Net gain (loss)				607,082
Net increase (decrease) in net assets resulting from operations			$	831,876

Statement of Changes in Net Assets

		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	224,794	$	176,961
Net realized gain (loss)		456,468		2,237,725
Change in net unrealized appreciation (depreciation)		150,614		5,344,958
Net increase (decrease) in net assets resulting from operations		831,876		7,759,644
Distributions to shareholders		(1,882,632)		(114,402)
Share transactions - net increase (decrease)		12,963,960		622,413
Total increase (decrease) in net assets		11,913,204		8,267,655

Net Assets
Beginning of period		26,703,532		18,435,877
End of period	$	38,616,736	$	26,703,532

Financial Highlights

Fidelity Advisor® Value Leaders Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	22.22	$	15.67	$	18.62	$	19.31	$	18.81
Income from Investment Operations
Net investment income (loss) A,B		.17		.17		.15		.20		.16
Net realized and unrealized gain (loss)		.18		6.49		(2.81)		.58 C		.47 D
Total from investment operations		.35		6.66		(2.66)		.78		.63
Distributions from net investment income		(.15)		(.11)		(.20)		(.19)		(.13)
Distributions from net realized gain		(1.45)		-		(.09)		(1.28)		-
Total distributions		(1.60)		(.11)		(.29)		(1.47)		(.13)
Net asset value, end of period	$	20.97	$	22.22	$	15.67	$	18.62	$	19.31
Total Return E,F		1.92%		42.68%		(14.57)%		4.64% C		3.33% D
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.29%		1.27%		1.35%		1.29%		1.25%
Expenses net of fee waivers, if any		1.15%		1.15%		1.25%		1.25%		1.25%
Expenses net of all reductions		1.15%		1.15%		1.24%		1.25%		1.25%
Net investment income (loss)		.83%		.83%		.91%		1.12%		.81%
Supplemental Data
Net assets, end of period (000 omitted)	$	20,328	$	16,513	$	10,954	$	16,648	$	15,105
Portfolio turnover rate I		39%		51%		144%		37%		35%

A Calculated based on average shares outstanding during the period.

C Net realized and unrealized gain (loss) per share reflects proceeds received from litigation which amounted to $.03 per share. Excluding these litigation proceeds, the total return would have been 4.45%.

D Net realized and unrealized gain (loss) per share reflects proceeds received from litigation which amounted to $.02 per share. Excluding these litigation proceeds, the total return would have been 3.21%.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Advisor® Value Leaders Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	22.30	$	15.72	$	18.68	$	19.34	$	18.82
Income from Investment Operations
Net investment income (loss) A,B		.12		.12		.11		.16		.11
Net realized and unrealized gain (loss)		.17		6.52		(2.83)		.59 C		.47 D
Total from investment operations		.29		6.64		(2.72)		.75		.58
Distributions from net investment income		(.09)		(.06)		(.15)		(.13)		(.06)
Distributions from net realized gain		(1.45)		-		(.09)		(1.28)		-
Total distributions		(1.54)		(.06)		(.24)		(1.41)		(.06)
Net asset value, end of period	$	21.05	$	22.30	$	15.72	$	18.68	$	19.34
Total Return E,F		1.63%		42.32%		(14.79)%		4.42% C		3.09% D
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.55%		1.54%		1.64%		1.58%		1.54%
Expenses net of fee waivers, if any		1.40%		1.41%		1.50%		1.50%		1.50%
Expenses net of all reductions		1.40%		1.41%		1.49%		1.50%		1.50%
Net investment income (loss)		.57%		.57%		.66%		.87%		.56%
Supplemental Data
Net assets, end of period (000 omitted)	$	5,569	$	5,275	$	3,821	$	5,146	$	4,987
Portfolio turnover rate I		39%		51%		144%		37%		35%

A Calculated based on average shares outstanding during the period.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Advisor® Value Leaders Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	21.49	$	15.18	$	17.99	$	18.67	$	18.21
Income from Investment Operations
Net investment income (loss) A,B		.02		.01		.03		.06		.01
Net realized and unrealized gain (loss)		.18		6.30		(2.75)		.58 C		.45 D
Total from investment operations		.20		6.31		(2.72)		.64		.46
Distributions from net investment income		-		-		-		(.04)		-
Distributions from net realized gain		(1.40)		-		(.09)		(1.28)		-
Total distributions		(1.40)		-		(.09)		(1.32)		-
Net asset value, end of period	$	20.29	$	21.49	$	15.18	$	17.99	$	18.67
Total Return E,F		1.19%		41.57%		(15.22)%		3.90% C		2.53% D
Ratios to Average Net Assets B,G,H
Expenses before reductions		2.10%		2.09%		2.18%		2.13%		2.09%
Expenses net of fee waivers, if any		1.90%		1.93%		2.00%		2.00%		2.00%
Expenses net of all reductions		1.89%		1.93%		1.99%		2.00%		2.00%
Net investment income (loss)		.08%		.05%		.16%		.37%		.06%
Supplemental Data
Net assets, end of period (000 omitted)	$	2,847	$	1,875	$	1,763	$	2,733	$	5,298
Portfolio turnover rate I		39%		51%		144%		37%		35%

A Calculated based on average shares outstanding during the period.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the contingent deferred sales charge.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Fidelity Advisor® Value Leaders Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	22.39	$	15.80	$	18.78	$	19.47	$	18.97
Income from Investment Operations
Net investment income (loss) A,B		.22		.23		.20		.25		.22
Net realized and unrealized gain (loss)		.18		6.54		(2.82)		.59 C		.46 D
Total from investment operations		.40		6.77		(2.62)		.84		.68
Distributions from net investment income		(.22)		(.18)		(.27)		(.26)		(.18)
Distributions from net realized gain		(1.45)		-		(.09)		(1.28)		-
Total distributions		(1.67)		(.18)		(.36)		(1.53)		(.18)
Net asset value, end of period	$	21.12	$	22.39	$	15.80	$	18.78	$	19.47
Total Return E		2.16%		43.08%		(14.31)%		4.96% C		3.61% D
Ratios to Average Net Assets B,F,G
Expenses before reductions		.94%		.94%		.99%		.97%		.96%
Expenses net of fee waivers, if any		.89%		.87%		.99%		.97%		.96%
Expenses net of all reductions		.89%		.87%		.98%		.96%		.96%
Net investment income (loss)		1.08%		1.11%		1.17%		1.41%		1.10%
Supplemental Data
Net assets, end of period (000 omitted)	$	9,872	$	3,041	$	1,898	$	2,342	$	4,225
Portfolio turnover rate H		39%		51%		144%		37%		35%

A Calculated based on average shares outstanding during the period.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

Notes to Financial Statements

For the period ended October 31, 2022

1. Organization.

Fidelity Advisor Value Leaders Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C and Class I shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Certain distributions received by the Fund represent a return of capital or capital gain. The Fund determines the components of these distributions subsequent to the ex-dividend date, based upon receipt of tax filings or other correspondence relating to the underlying investment. These distributions are recorded as a reduction of cost of investments and/or as a realized gain. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in dividends. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in dividends receivable.

Book-tax differences are primarily due to foreign currency transactions and losses deferred due to wash sales.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$ 7,520,707
Gross unrealized depreciation	(1,469,366)
Net unrealized appreciation (depreciation)	$6,051,341
Tax Cost	$32,549,405

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$175,663
Undistributed long-term capital gain	$522,997
Net unrealized appreciation (depreciation) on securities and other investments	$6,050,267

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Ordinary Income	$385,496	$114,402
Long-term Capital Gains	1,497,136	-
Total	$1,882,632	$114,402

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Value Leaders Fund	21,031,011	11,167,861

5. Fees and Other Transactions with Affiliates.

Management Fee. Fidelity Management & Research Company LLC (the investment adviser) and its affiliates provide the Fund with investment management related services for which the Fund pays a monthly management fee. The management fee is the sum of an individual fund fee rate that is based on an annual rate of .30% of the Fund's average net assets and an annualized group fee rate that averaged .23% during the period. The group fee rate is based upon the monthly average net assets of a group of registered investment companies with which the investment adviser has management contracts. The group fee rate decreases as assets under management increase and increases as assets under management decrease. In addition, the management fee is subject to a performance adjustment (up to a maximum of +/-.20% of the Fund's average net assets over a 36 month performance period). The upward or downward adjustment to the management fee is based on the relative investment performance of Class I as compared to its benchmark index, the Russell 1000 Value Index, over the same 36 month performance period. For the reporting period, the total annual management fee rate, including the performance adjustment, was .44% of the Fund's average net assets. The performance adjustment included in the management fee rate may be higher or lower than the maximum performance adjustment rate due to the difference between the average net assets for the reporting and performance periods.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	-%	.25%	$45,428	$482
Class M	.25%	.25%	27,032	-
Class C	.75%	.25%	22,133	3,940
			$94,593	$4,422

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$7,785
Class M	587
Class C A	231
	$8,603

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

Transfer Agent Fees. Fidelity Investments Institutional Operations Company LLC (FIIOC), an affiliate of the investment adviser, is the transfer, dividend disbursing and shareholder servicing agent for each class of the Fund. FIIOC receives account fees and asset-based fees that vary according to the account size and type of account of the shareholders of the respective classes of the Fund. FIIOC pays for typesetting, printing and mailing of shareholder reports, except proxy statements.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$35,860	.20
Class M	11,279	.21
Class C	5,922	.27
Class I	5,052	.13
	$58,113

	% of Average Net Assets
Fidelity Advisor Value Leaders Fund	.04

	Amount
Fidelity Advisor Value Leaders Fund	$ 242

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Value Leaders Fund	1,742,850	804,523	(9,977)

6. Committed Line of Credit.

	Amount
Fidelity Advisor Value Leaders Fund	$ 50

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Value Leaders Fund	$ 3	$ -	$-

8. Expense Reductions.

The following classes were in reimbursement during the period:

	Expense Limitations	Reimbursement
Class A	1.15%	$25,334
Class M	1.40%	7,970
Class C	1.90%	4,568
Class I	.90%	1,809
		$39,681

In addition, during the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $953.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Value Leaders Fund
Distributions to shareholders
Class A	$ 1,169,693	$78,530
Class M	368,978	14,324
Class C	121,226	-
Class I	222,735	21,548
Total	$1,882,632	$114,402

10. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Value Leaders Fund
Class A
Shares sold	327,282	160,485	$ 6,867,625	$ 3,329,008
Reinvestment of distributions	57,208	4,232	1,145,881	76,850
Shares redeemed	(158,093)	(120,673)	(3,273,456)	(2,393,031)
Net increase (decrease)	226,397	44,044	$4,740,050	$1,012,827
Class M
Shares sold	63,036	28,263	$ 1,323,264	$ 591,751
Reinvestment of distributions	18,182	775	366,362	14,155
Shares redeemed	(53,217)	(35,596)	(1,091,336)	(725,370)
Net increase (decrease)	28,001	(6,558)	$598,290	$(119,464)
Class C
Shares sold	85,042	17,522	$ 1,720,316	$335,639
Reinvestment of distributions	6,217	-	121,226	-
Shares redeemed	(38,135)	(46,418)	(778,322)	(911,467)
Net increase (decrease)	53,124	(28,896)	$1,063,220	$(575,828)
Class I
Shares sold	366,638	32,280	$ 7,292,873	$ 647,210
Reinvestment of distributions	10,963	1,174	220,577	21,417
Shares redeemed	(45,956)	(17,730)	(951,050)	(363,749)
Net increase (decrease)	331,645	15,724	$6,562,400	$304,878

11. Other.

12. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and Shareholders of Fidelity Advisor Value Leaders Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity Advisor Value Leaders Fund (one of the funds constituting Fidelity Advisor Series VIII, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Value Leaders Fund
Class A	1.15%
Actual		$ 1,000	$ 1,016.50	$ 5.85
Hypothetical- B		$ 1,000	$ 1,019.41	$ 5.85
Class M	1.40%
Actual		$ 1,000	$ 1,014.90	$ 7.11
Hypothetical- B		$ 1,000	$ 1,018.15	$ 7.12
Class C	1.90%
Actual		$ 1,000	$ 1,013.00	$ 9.64
Hypothetical- B		$ 1,000	$ 1,015.63	$ 9.65
Class I	.89%
Actual		$ 1,000	$ 1,017.80	$ 4.53
Hypothetical- B		$ 1,000	$ 1,020.72	$ 4.53

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund hereby designates as a capital gain dividend with respect to the taxable year ended October 31, 2022, $523,791, or, if subsequently determined to be different, the net capital gain of such year.

The fund designates 99.72% of the short-term capital gain dividends distributed during the fiscal year as qualifying to be taxed as short-term capital gain dividends for nonresident alien shareholders.

Class A, Class M, Class C, and Class I designate 100% of the dividend distributed during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

Class A, Class M, Class C, and Class I designate 100% of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Value Leaders Fund

The Board considered the fund's underperformance for different time periods ended September 30, 2021 and for different time periods ended December 31, 2021 (which periods are not reflected in the charts above). The Board noted that the fund's underperformance has continued since the Board approved the management contract in January 2020 and May 2021. The Board's discussions with FMR regarding underperformance cover topics including, but not limited to: the longer-term track record of a fund's portfolio manager(s); broader trends in the market that may adversely impact a fund's performance; and attribution reports on contributors to the fund's underperformance. The Board engages with FMR on steps that might be taken to address a fund's underperformance. For a fund with underperformance over longer periods of time, the Board typically monitors the fund's performance more closely.

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Fidelity Advisor Value Leaders Fund

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

The Board noted that the total net expense ratio of Class I ranked above the similar sales load structure group competitive median and below the ASPG competitive median for the 12-month period ended September 30, 2021. The Board considered that, in general, various factors can affect total expense ratios. The Board noted that Class I was above the similar sales load structure group competitive median due to higher other expenses as a result of low asset levels. The Board noted that the fund offers multiple classes, each of which has a different sales load and 12b-1 fee structure, and that the multiple structures are intended to offer a range of pricing options for the intermediary market. The Board also noted that the total expense ratios of the classes vary primarily by the level of their 12b-1 fees, although differences in transfer agent fees may also cause expenses to vary from class to class.

The Board further considered that FMR has contractually agreed to reimburse Class A, Class M, Class C, and Class I of the fund to the extent that total operating expenses, with certain exceptions, as a percentage of their respective average net assets, exceed 1.15%, 1.40%, 1.90%, and 0.90% through February 28, 2023.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.793577.119

AVLF-ANN-1222

Fidelity Advisor® Diversified International Fund

Annual Report

October 31, 2022

Contents

Performance

Management's Discussion of Fund Performance

Investment Summary

Schedule of Investments

Financial Statements

Notes to Financial Statements

Report of Independent Registered Public Accounting Firm

Trustees and Officers

Shareholder Expense Example

Distributions

Board Approval of Investment Advisory Contracts and Management Fees

You may also call 1-877-208-0098 to request a free copy of the proxy voting guidelines.

Standard & Poor's, S&P and S&P 500 are registered service marks of The McGraw-Hill Companies, Inc. and have been licensed for use by Fidelity Distributors Corporation.

Other third-party marks appearing herein are the property of their respective owners.

NOT FDIC INSURED •MAY LOSE VALUE •NO BANK GUARANTEE

Neither the Fund nor Fidelity Distributors Corporation is a bank.

Performance: The Bottom Line

Average Annual Total Returns

Periods ended October 31, 2022	Past 1 year	Past 5 years	Past 10 years
Class A (incl.5.75% sales charge)	-33.35%	-0.17%	4.72%
Class M (incl.3.50% sales charge)	-31.93%	0.03%	4.69%
Class C (incl. contingent deferred sales charge)	-30.51%	0.22%	4.70%
Class I	-29.09%	1.28%	5.63%
Class Z	-28.99%	1.43%	5.78%

Class C shares' contingent deferred sales charges included in the past one year, past five years and past ten years total return figures are 1%, 0% and 0%, respectively.

The initial offering of Class Z shares took place on August 13, 2013. Returns prior to August 13, 2013, are those of Class I.

$10,000 Over 10 Years

Let's say hypothetically that $10,000 was invested in Fidelity Advisor® Diversified International Fund - Class A, on October 31, 2012, and the current 5.75% sales charge was paid.

The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period.

Management's Discussion of Fund Performance

Market Recap:

Comments from Portfolio Manager Bill Bower:

For the fiscal year ending October 31, 2022, the fund's share classes (excluding sales charges, if applicable) returned about -30% to -29%, trailing the -22.84% result of the benchmark, the MSCI EAFE Index (Net MA). By region, stock picks in Europe ex U.K. and Japan hindered the fund's performance relative to its benchmark. By sector, security selection health care notably detracted, especially in the pharmaceuticals, biotechnology & life sciences industry. Stock selection in communication services and an overweighting in information technology also hampered the fund's relative result. Not owning Shell, a benchmark component that gained roughly 25%, was among the fund's biggest individual relative detractors. Also hampering performance was our overweighting in Schibsted, which returned about -69%. Schibsted was not held at period end. Avoiding TotalEnergies, a benchmark component that gained roughly 15%, also hurt relative performance. In contrast, non-benchmark allocations to Canada and the U.S. notably contributed to the fund's relative result. By sector, the top contributor to performance versus the benchmark was an underweighting in real estate. Security selection and an overweighting in energy and an underweighting in consumer discretionary also lifted the fund's relative result. Lastly, the fund's position in cash was a notable contributor. A non-benchmark position in Canadian National Resources, the fund's top individual contributor, advanced 49% this period. This was among the largest holdings at period end. Another contributor the past 12 months was an out-of-benchmark stake in Schlumberger, which gained 64%.

Investment Summary October 31, 2022 (Unaudited)

Top Holdings (% of Fund's net assets)

Roche Holding AG (participation certificate) (Switzerland, Pharmaceuticals)	3.4
Nestle SA (Reg. S) (Switzerland, Food Products)	3.1
ASML Holding NV (Netherlands, Semiconductors & Semiconductor Equipment)	2.5
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	2.3
Hoya Corp. (Japan, Health Care Equipment & Supplies)	2.0
Canadian Natural Resources Ltd. (Canada, Oil, Gas & Consumable Fuels)	1.8
AIA Group Ltd. (Hong Kong, Insurance)	1.7
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services)	1.6
Linde PLC (Germany, Chemicals)	1.6
HDFC Bank Ltd. (India, Banks)	1.3
	21.3

Market Sectors (% of Fund's net assets)

Industrials	19.7
Financials	19.4
Information Technology	14.6
Health Care	13.3
Consumer Discretionary	7.9
Consumer Staples	6.6
Materials	6.0
Energy	5.6
Communication Services	1.2
Real Estate	0.5

Asset Allocation (% of Fund's net assets)

Foreign investments - 89.5%

Geographic Diversification (% of Fund's net assets)

* Includes Short-Term investments and Net Other Assets (Liabilities).

Percentages are based on country or territory of incorporation and are adjusted for the effect of futures contracts, if applicable.

Schedule of Investments October 31, 2022

Showing Percentage of Net Assets

Common Stocks - 94.3%
	Shares	Value ($) (000s)
Australia - 0.5%
Aristocrat Leisure Ltd.	139,838	3,316
Lynas Rare Earths Ltd. (a)	568,384	3,029
TOTAL AUSTRALIA		6,345
Bailiwick of Jersey - 2.8%
Experian PLC	188,800	6,020
Ferguson PLC	101,246	11,042
Glencore PLC	2,157,600	12,370
WPP PLC	671,800	5,912
TOTAL BAILIWICK OF JERSEY		35,344
Belgium - 0.9%
KBC Group NV	237,880	11,922
Bermuda - 0.5%
Hiscox Ltd.	614,266	6,334
Canada - 6.7%
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	75,700	3,390
Canadian Natural Resources Ltd. (b)	382,500	22,941
Canadian Pacific Railway Ltd.	55,400	4,127
Constellation Software, Inc.	7,700	11,134
Fairfax India Holdings Corp. (a)(c)	214,600	2,009
First Quantum Minerals Ltd.	328,000	5,785
Franco-Nevada Corp.	59,200	7,315
GFL Environmental, Inc. (b)	186,500	5,034
Imperial Oil Ltd.	107,200	5,832
Thomson Reuters Corp.	50,700	5,392
Tourmaline Oil Corp.	228,300	12,863
TOTAL CANADA		85,822
Cayman Islands - 0.9%
Anta Sports Products Ltd.	440,600	3,873
GlobalFoundries, Inc.	74,700	4,235
Li Ning Co. Ltd.	669,500	3,463
TOTAL CAYMAN ISLANDS		11,571
China - 0.3%
Kweichow Moutai Co. Ltd. (A Shares)	23,076	4,246
Curacao - 1.2%
Schlumberger Ltd.	287,400	14,953
Cyprus - 0.0%
Sunrisemezz Ltd. (a)	101,700	8
Denmark - 1.6%
Carlsberg A/S Series B	11,000	1,295
DSV A/S	96,700	13,091
Novo Nordisk A/S Series B	61,900	6,730
TOTAL DENMARK		21,116
France - 9.7%
Air Liquide SA	20,800	2,721
AXA SA	264,900	6,542
BNP Paribas SA	298,700	14,007
Capgemini SA	97,600	15,996
Dassault Systemes SA	112,400	3,768
Edenred SA	55,300	2,840
EssilorLuxottica SA (b)	76,177	12,071
Legrand SA	105,000	8,001
LVMH Moet Hennessy Louis Vuitton SE	46,943	29,621
Pernod Ricard SA	81,400	14,295
Sartorius Stedim Biotech	12,500	3,968
Teleperformance	41,600	11,153
TOTAL FRANCE		124,983
Germany - 7.3%
Allianz SE	81,700	14,698
Bayer AG	93,000	4,890
Brenntag SE	56,187	3,409
Deutsche Borse AG	67,300	10,944
Deutsche Post AG	281,626	9,955
Hannover Reuck SE	47,000	7,655
Linde PLC	69,438	20,768
Merck KGaA	56,900	9,273
SAP SE	16,073	1,547
Siemens Healthineers AG (c)	132,700	6,079
Symrise AG	40,300	4,114
Synlab AG	54,800	706
TOTAL GERMANY		94,038
Greece - 0.1%
Piraeus Financial Holdings SA (a)	711,900	878
Hong Kong - 2.3%
AIA Group Ltd.	2,790,200	21,135
Chervon Holdings Ltd.	397,000	1,338
Hong Kong Exchanges and Clearing Ltd.	59,489	1,579
Techtronic Industries Co. Ltd.	535,500	5,071
TOTAL HONG KONG		29,123
India - 4.1%
Axis Bank Ltd.	539,200	5,901
HDFC Bank Ltd. (a)	955,342	17,337
Housing Development Finance Corp. Ltd.	385,987	11,516
Kotak Mahindra Bank Ltd.	206,640	4,748
Reliance Industries Ltd.	415,775	12,806
TOTAL INDIA		52,308
Indonesia - 1.0%
PT Bank Central Asia Tbk	11,333,600	6,394
PT Bank Rakyat Indonesia (Persero) Tbk	21,897,533	6,528
TOTAL INDONESIA		12,922
Ireland - 2.1%
Aon PLC	37,400	10,528
Flutter Entertainment PLC (a)	13,400	1,780
ICON PLC (a)	33,900	6,707
Kingspan Group PLC (Ireland)	103,981	5,251
Ryanair Holdings PLC sponsored ADR (a)	41,636	2,868
TOTAL IRELAND		27,134
Isle of Man - 0.2%
Entain PLC	207,900	3,008
Italy - 0.7%
FinecoBank SpA	515,014	6,942
Reply SpA	16,200	1,763
TOTAL ITALY		8,705
Japan - 15.5%
Daikin Industries Ltd.	39,100	5,857
FUJIFILM Holdings Corp.	199,675	9,157
Fujitsu Ltd.	24,000	2,761
Hitachi Ltd.	351,700	15,989
Hoya Corp.	268,400	25,045
Itochu Corp.	429,400	11,115
Keyence Corp.	37,600	14,241
Minebea Mitsumi, Inc.	674,500	9,998
Misumi Group, Inc.	255,700	5,468
Nomura Research Institute Ltd.	182,500	4,056
Olympus Corp.	290,000	6,124
ORIX Corp.	813,200	11,950
Persol Holdings Co. Ltd.	348,800	7,004
Recruit Holdings Co. Ltd.	130,700	4,022
Relo Group, Inc.	257,800	3,644
Seven & i Holdings Co. Ltd.	162,600	6,070
Shin-Etsu Chemical Co. Ltd.	125,300	13,022
SMC Corp.	24,700	9,915
Sony Group Corp.	216,900	14,627
Suzuki Motor Corp.	78,900	2,664
TIS, Inc.	327,100	8,832
Tokyo Electron Ltd.	30,300	7,972
TOTAL JAPAN		199,533
Korea (South) - 0.7%
Samsung Electronics Co. Ltd.	221,300	9,210
Luxembourg - 0.9%
B&M European Value Retail SA	1,779,099	6,582
Eurofins Scientific SA	84,630	5,418
TOTAL LUXEMBOURG		12,000
Netherlands - 7.0%
Adyen BV (a)(c)	2,973	4,244
Airbus Group NV	117,800	12,746
Argenx SE (a)	13,443	5,219
ASML Holding NV	69,200	32,691
IMCD NV	75,450	9,790
NXP Semiconductors NV	60,300	8,809
Wolters Kluwer NV	157,000	16,687
TOTAL NETHERLANDS		90,186
Spain - 1.6%
Amadeus IT Holding SA Class A (a)	27,300	1,424
Banco Santander SA (Spain) (b)	1,107,700	2,870
CaixaBank SA	1,546,500	5,128
Cellnex Telecom SA (c)	138,544	4,535
Industria de Diseno Textil SA (b)	317,600	7,200
TOTAL SPAIN		21,157
Sweden - 2.4%
Hexagon AB (B Shares)	852,100	8,424
Indutrade AB	535,000	9,369
Investor AB (B Shares)	640,400	10,461
Kry International AB (a)(d)(e)	332	58
Nibe Industrier AB (B Shares)	86,100	687
Nordnet AB	111,300	1,381
TOTAL SWEDEN		30,380
Switzerland - 8.5%
Julius Baer Group Ltd.	43,050	2,065
Lonza Group AG	3,906	2,011
Nestle SA (Reg. S)	364,090	39,634
Roche Holding AG (participation certificate)	130,167	43,188
Sika AG	42,178	9,510
Sonova Holding AG	31,103	7,352
Zurich Insurance Group Ltd.	11,990	5,110
TOTAL SWITZERLAND		108,870
Taiwan - 0.9%
ECLAT Textile Co. Ltd.	94,000	1,237
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR	162,700	10,014
TOTAL TAIWAN		11,251
United Kingdom - 9.0%
AstraZeneca PLC (United Kingdom)	112,279	13,174
BAE Systems PLC	1,352,400	12,650
Beazley PLC	491,300	3,519
Big Yellow Group PLC	250,900	3,240
Compass Group PLC	461,592	9,722
Diageo PLC	364,800	15,012
Harbour Energy PLC	610,300	2,645
JD Sports Fashion PLC	2,786,985	3,114
Lloyds Banking Group PLC	14,022,700	6,735
Prudential PLC	394,394	3,664
RELX PLC (Euronext N.V.)	777,147	20,913
Rentokil Initial PLC	1,647,800	10,282
S4 Capital PLC (a)	798,600	1,609
Smith & Nephew PLC	308,800	3,649
Standard Chartered PLC (United Kingdom)	395,700	2,361
Starling Bank Ltd. Series D (a)(d)(e)	1,191,700	3,854
TOTAL UNITED KINGDOM		116,143
United States of America - 4.9%
Alphabet, Inc. Class C (a)	44,980	4,258
Booking Holdings, Inc. (a)	1,900	3,552
IQVIA Holdings, Inc. (a)	31,100	6,521
Kosmos Energy Ltd. (a)	92,300	599
Marsh & McLennan Companies, Inc.	70,000	11,304
Marvell Technology, Inc.	188,000	7,460
MasterCard, Inc. Class A	24,100	7,909
NICE Ltd. sponsored ADR (a)	47,200	8,963
ResMed, Inc.	8,900	1,991
S&P Global, Inc.	31,256	10,041
TOTAL UNITED STATES OF AMERICA		62,598
TOTAL COMMON STOCKS (Cost $975,282)		1,212,088

Preferred Stocks - 0.5%
	Shares	Value ($) (000s)
Convertible Preferred Stocks - 0.5%
Estonia - 0.1%
Bolt Technology OU Series E (d)(e)	10,541	1,288
United States of America - 0.4%
Wasabi Holdings, Inc.:
Series C (a)(d)(e)	372,910	4,307
Series D (d)(e)	39,419	552
		4,859
TOTAL CONVERTIBLE PREFERRED STOCKS		6,147
Nonconvertible Preferred Stocks - 0.0%
Sweden - 0.0%
Kry International AB Series E (a)(d)(e)	1,920	336
TOTAL PREFERRED STOCKS (Cost $8,229)		6,483

Money Market Funds - 7.5%
	Shares	Value ($) (000s)
Fidelity Cash Central Fund 3.10% (f)	65,836,607	65,850
Fidelity Securities Lending Cash Central Fund 3.10% (f)(g)	30,931,275	30,934
TOTAL MONEY MARKET FUNDS (Cost $96,783)		96,784

TOTAL INVESTMENT IN SECURITIES - 102.3% (Cost $1,080,294)	1,315,355
NET OTHER ASSETS (LIABILITIES) - (2.3)%	(28,984)
NET ASSETS - 100.0%	1,286,371

Any values shown as $0 in the Schedule of Investments may reflect amounts less than $500.

Categorizations in the Schedule of Investments are based on country or territory of incorporation.

Legend

(a)	Non-income producing

(b)	Security or a portion of the security is on loan at period end.

(c)

(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 $10,395,000 or 0.8% of net assets.

(e)	Level 3 security

(f)

(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 ($) (000s)
Bolt Technology OU Series E	1/03/22	2,739

Kry International AB	5/14/21	144

Kry International AB Series E	5/14/21	878

Starling Bank Ltd. Series D	6/18/21 - 4/05/22	2,274

Wasabi Holdings, Inc. Series C	3/31/21	4,052

Wasabi Holdings, Inc. Series D	9/09/22	560

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 (Amounts in thousands)	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 3.10%	49,330	213,282	196,763	653	-	1	65,850	0.1%
Fidelity Securities Lending Cash Central Fund 3.10%	16,665	180,031	165,762	118	-	-	30,934	0.1%
Total	65,995	393,313	362,525	771	-	1	96,784

Investment Valuation

Valuation Inputs at Reporting Date:
Description (Amounts in thousands)	Total ($)	Level 1 ($)	Level 2 ($)	Level 3 ($)
Investments in Securities:

Equities:
Communication Services	16,314	5,867	10,447	-
Consumer Discretionary	99,956	38,119	56,978	4,859
Consumer Staples	83,942	21,931	62,011	-
Energy	72,639	72,639	-	-
Financials	248,048	123,328	120,866	3,854
Health Care	170,116	75,903	94,213	-
Industrials	252,906	164,978	87,928	-
Information Technology	189,132	141,314	46,136	1,682
Materials	78,634	36,897	41,737	-
Real Estate	6,884	6,884	-	-

Money Market Funds	96,784	96,784	-	-
Total Investments in Securities:	1,315,355	784,644	520,316	10,395

Financial Statements

Statement of Assets and Liabilities
Amounts in thousands (except per-share amounts)			October 31, 2022

Assets
Investment in securities, at value (including securities loaned of $28,906) - See accompanying schedule:
Unaffiliated issuers (cost $983,511)	$1,218,571
Fidelity Central Funds (cost $96,783)	96,784

Total Investment in Securities (cost $1,080,294)		$	1,315,355
Receivable for investments sold			3,871
Receivable for fund shares sold			1,037
Dividends receivable			2,196
Reclaims receivable			4,178
Distributions receivable from Fidelity Central Funds			176
Prepaid expenses			2
Other receivables			44
Total assets			1,326,859
Liabilities
Payable to custodian bank	$2
Payable for investments purchased	5,692
Payable for fund shares redeemed	804
Accrued management fee	684
Distribution and service plan fees payable	147
Other affiliated payables	231
Other payables and accrued expenses	1,994
Collateral on securities loaned	30,934
Total Liabilities			40,488
Net Assets		$	1,286,371
Net Assets consist of:
Paid in capital		$	1,034,577
Total accumulated earnings (loss)			251,794
Net Assets		$	1,286,371

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($400,266 ÷ 19,328 shares) (a)		$	20.71
Maximum offering price per share (100/94.25 of $20.71)		$	21.97
Class M :
Net Asset Value and redemption price per share ($117,565 ÷ 5,743 shares) (a)		$	20.47
Maximum offering price per share (100/96.50 of $20.47)		$	21.21
Class C :
Net Asset Value and offering price per share ($21,370 ÷ 1,091 shares) (a)(b)		$	19.58
Class I :
Net Asset Value , offering price and redemption price per share ($457,292 ÷ 21,582 shares)		$	21.19
Class Z :
Net Asset Value , offering price and redemption price per share ($289,878 ÷ 13,689 shares)		$	21.18
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge.
(b)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or units

Statement of Operations
Amounts in thousands				Year ended October 31, 2022
Investment Income
Dividends			$	30,984
Foreign Tax Reclaims				1,880
Income from Fidelity Central Funds (including $118 from security lending)				771
Income before foreign taxes withheld				33,635
Less foreign taxes withheld				(5,090)
Total Income				28,545
Expenses
Management fee	$	10,284
Transfer agent fees		2,583
Distribution and service plan fees		2,266
Accounting fees		697
Custodian fees and expenses		148
Independent trustees' fees and expenses		6
Registration fees		85
Audit		86
Legal		3
Miscellaneous		9
Total expenses before reductions		16,167
Expense reductions		(52)
Total expenses after reductions				16,115
Net Investment income (loss)				12,430
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers(net of foreign taxes of $754)		23,881
Foreign currency transactions		(940)
Total net realized gain (loss)				22,941
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers (net of decrease in deferred foreign taxes of $1,503)		(587,870)
Fidelity Central Funds		1
Assets and liabilities in foreign currencies		(506)
Total change in net unrealized appreciation (depreciation)				(588,375)
Net gain (loss)				(565,434)
Net increase (decrease) in net assets resulting from operations			$	(553,004)

Statement of Changes in Net Assets

Amount in thousands		Year ended October 31, 2022		Year ended October 31, 2021
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	12,430	$	7,983
Net realized gain (loss)		22,941		176,112
Change in net unrealized appreciation (depreciation)		(588,375)		284,788
Net increase (decrease) in net assets resulting from operations		(553,004)		468,883
Distributions to shareholders		(190,296)		(621)
Share transactions - net increase (decrease)		67,418		(110,537)
Total increase (decrease) in net assets		(675,882)		357,725

Net Assets
Beginning of period		1,962,253		1,604,528
End of period	$	1,286,371	$	1,962,253

Financial Highlights

Fidelity Advisor® Diversified International Fund Class A

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	32.52	$	25.10	$	23.28	$	21.08	$	23.43
Income from Investment Operations
Net investment income (loss) A,B		.16		.09		.04		.21		.21
Net realized and unrealized gain (loss)		(8.81)		7.33		2.11		2.90		(2.33) C
Total from investment operations		(8.65)		7.42		2.15		3.11		(2.12)
Distributions from net investment income		(.31)		-		(.26)		(.17)		(.16)
Distributions from net realized gain		(2.85)		-		(.07)		(.74)		(.07)
Total distributions		(3.16)		-		(.33)		(.91)		(.23)
Net asset value, end of period	$	20.71	$	32.52	$	25.10	$	23.28	$	21.08
Total Return D,E		(29.28)%		29.56%		9.32%		15.57%		(9.14)% C
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.16%		1.16%		1.18%		1.19%		1.19%
Expenses net of fee waivers, if any		1.16%		1.15%		1.18%		1.19%		1.19%
Expenses net of all reductions		1.16%		1.15%		1.17%		1.19%		1.17%
Net investment income (loss)		.65%		.30%		.16%		.97%		.89%
Supplemental Data
Net assets, end of period (in millions)	$	400	$	621	$	514	$	530	$	463
Portfolio turnover rate H		20%		30%		30%		37% I		32%

A Calculated based on average shares outstanding during the period.

C Net realized and unrealized gain (loss) per share reflects proceeds received from litigation which amounted to $.11 per share. Excluding these litigation proceeds, the total return would have been (9.62)%.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Total returns do not include the effect of the sales charges.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Diversified International Fund Class M

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	32.17	$	24.90	$	23.10	$	20.91	$	23.24
Income from Investment Operations
Net investment income (loss) A,B		.10		.01		(.03)		.15		.14
Net realized and unrealized gain (loss)		(8.72)		7.26		2.10		2.88		(2.31) C
Total from investment operations		(8.62)		7.27		2.07		3.03		(2.17)
Distributions from net investment income		(.23)		-		(.20)		(.11)		(.09)
Distributions from net realized gain		(2.85)		-		(.07)		(.74)		(.07)
Total distributions		(3.08)		-		(.27)		(.84) D		(.16)
Net asset value, end of period	$	20.47	$	32.17	$	24.90	$	23.10	$	20.91
Total Return E,F		(29.46)%		29.20%		9.04%		15.27%		(9.40)% C
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.42%		1.41%		1.45%		1.46%		1.46%
Expenses net of fee waivers, if any		1.41%		1.41%		1.45%		1.46%		1.46%
Expenses net of all reductions		1.41%		1.41%		1.44%		1.46%		1.44%
Net investment income (loss)		.39%		.04%		(.11)%		.70%		.62%
Supplemental Data
Net assets, end of period (in millions)	$	118	$	183	$	159	$	173	$	175
Portfolio turnover rate I		20%		30%		30%		37% J		32%

A Calculated based on average shares outstanding during the period.

D Total distributions per share do not sum due to rounding.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

F Total returns do not include the effect of the sales charges.

I Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

J Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Diversified International Fund Class C

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	30.84	$	23.99	$	22.20	$	20.11	$	22.35
Income from Investment Operations
Net investment income (loss) A,B		(.04)		(.14)		(.14)		.04		.03
Net realized and unrealized gain (loss)		(8.37)		6.99		2.01		2.79		(2.23) C
Total from investment operations		(8.41)		6.85		1.87		2.83		(2.20)
Distributions from net investment income		-		-		(.01)		-		-
Distributions from net realized gain		(2.85)		-		(.07)		(.74)		(.04)
Total distributions		(2.85)		-		(.08)		(.74)		(.04)
Net asset value, end of period	$	19.58	$	30.84	$	23.99	$	22.20	$	20.11
Total Return D,E		(29.88)%		28.55%		8.44%		14.72%		(9.85)% C
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.96%		1.95%		1.98%		1.98%		1.95%
Expenses net of fee waivers, if any		1.96%		1.95%		1.98%		1.98%		1.95%
Expenses net of all reductions		1.96%		1.95%		1.96%		1.97%		1.94%
Net investment income (loss)		(.16)%		(.50)%		(.64)%		.18%		.13%
Supplemental Data
Net assets, end of period (in millions)	$	21	$	39	$	48	$	59	$	150
Portfolio turnover rate H		20%		30%		30%		37% I		32%

A Calculated based on average shares outstanding during the period.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

E Total returns do not include the effect of the contingent deferred sales charge.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Diversified International Fund Class I

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	33.20	$	25.57	$	23.68	$	21.44	$	23.85
Income from Investment Operations
Net investment income (loss) A,B		.23		.17		.10		.27		.27
Net realized and unrealized gain (loss)		(9.00)		7.47		2.16		2.95		(2.37) C
Total from investment operations		(8.77)		7.64		2.26		3.22		(2.10)
Distributions from net investment income		(.39)		(.01)		(.30)		(.24)		(.24)
Distributions from net realized gain		(2.85)		-		(.07)		(.74)		(.07)
Total distributions		(3.24)		(.01)		(.37)		(.98)		(.31)
Net asset value, end of period	$	21.19	$	33.20	$	25.57	$	23.68	$	21.44
Total Return D		(29.09)%		29.87%		9.63%		15.89%		(8.94)% C
Ratios to Average Net Assets A,E,F
Expenses before reductions		.91%		.90%		.92%		.92%		.92%
Expenses net of fee waivers, if any		.91%		.90%		.92%		.92%		.92%
Expenses net of all reductions		.91%		.90%		.91%		.91%		.91%
Net investment income (loss)		.90%		.55%		.42%		1.24%		1.16%
Supplemental Data
Net assets, end of period (in millions)	$	457	$	725	$	595	$	583	$	807
Portfolio turnover rate G		20%		30%		30%		37% H		32%

B Calculated based on average shares outstanding during the period.

D Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

G Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

H Portfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Diversified International Fund Class Z

Years ended October 31,		2022		2021		2020		2019		2018
Selected Per-Share Data
Net asset value, beginning of period	$	33.19	$	25.55	$	23.67	$	21.44	$	23.85
Income from Investment Operations
Net investment income (loss) A,B		.26		.22		.14		.30		.31
Net realized and unrealized gain (loss)		(8.98)		7.46		2.15		2.94		(2.37) C
Total from investment operations		(8.72)		7.68		2.29		3.24		(2.06)
Distributions from net investment income		(.44)		(.04)		(.34)		(.28)		(.28)
Distributions from net realized gain		(2.85)		-		(.07)		(.74)		(.07)
Total distributions		(3.29)		(.04)		(.41)		(1.01) D		(.35)
Net asset value, end of period	$	21.18	$	33.19	$	25.55	$	23.67	$	21.44
Total Return E		(28.99)%		30.10%		9.78%		16.04%		(8.78)% C
Ratios to Average Net Assets B,F,G
Expenses before reductions		.76%		.76%		.77%		.77%		.78%
Expenses net of fee waivers, if any		.75%		.76%		.77%		.77%		.78%
Expenses net of all reductions		.75%		.76%		.76%		.77%		.76%
Net investment income (loss)		1.05%		.70%		.57%		1.39%		1.30%
Supplemental Data
Net assets, end of period (in millions)	$	290	$	393	$	289	$	274	$	298
Portfolio turnover rate H		20%		30%		30%		37% I		32%

A Calculated based on average shares outstanding during the period.

D Total distributions per share do not sum due to rounding.

E Total returns would have been lower if certain expenses had not been reduced during the applicable periods shown.

H Amount does not include the portfolio activity of any underlying mutual funds or exchange-traded funds (ETFs).

I Portfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2022

( Amounts in thousands except percentages)

1. Organization.

Fidelity Advisor Diversified International Fund (the Fund) is a fund of Fidelity Advisor Series VIII (the Trust) and is authorized to issue an unlimited number of shares. The Trust is registered under the Investment Company Act of 1940, as amended (the 1940 Act), as an open-end management investment company organized as a Massachusetts business trust. The Fund offers Class A, Class M, Class C, Class I and Class Z shares, each of which has equal rights as to assets and voting privileges. Each class has exclusive voting rights with respect to matters that affect that class. Class C shares will automatically convert to Class A shares after a holding period of eight years from the initial date of purchase, with certain exceptions.

2. Investments in Fidelity Central Funds.

Fidelity Central Fund	Investment Manager	Investment Objective	Investment Practices	Expense Ratio A
Fidelity Money Market Central Funds	Fidelity Management & Research Company LLC (FMR)	Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity.	Short-term Investments	Less than .005%

A Expenses expressed as a percentage of average net assets and are as of each underlying Central Fund's most recent annual or semi-annual shareholder report.

3. Significant Accounting Policies.

The Fund categorizes the inputs to valuation techniques used to value its investments 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 the Fund's investments by major category are as follows:

Investments in open-end mutual funds, including the Fidelity Central Funds, are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.

Foreign Currency. Foreign-denominated assets, including investment securities, and liabilities are translated into U.S. dollars at the exchange rates at period end. Purchases and sales of investment securities, income and dividends received, and expenses denominated in foreign currencies are translated into U.S. dollars at the exchange rate in effect on the transaction date.

Realized gains and losses on foreign currency transactions arise from the disposition of foreign currency, realized changes in the value of foreign currency between the trade and settlement dates on security transactions, and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on transaction date and the U.S. dollar equivalent of the amounts actually received or paid. Unrealized gains and losses on assets and liabilities in foreign currencies arise from changes in the value of foreign currency, and from assets and liabilities denominated in foreign currencies, other than investments, which are held at period end.

Investment Transactions and Income. For financial reporting purposes, the Fund's investment holdings and NAV include trades executed through the end of the last business day of the period. The NAV per share for processing shareholder transactions is calculated as of the close of business of the New York Stock Exchange (NYSE), normally 4:00 p.m. Eastern time and includes trades executed through the end of the prior business day. Gains and losses on securities sold are determined on the basis of identified cost and include proceeds received from litigation. Commissions paid to certain brokers with whom the investment adviser, or its affiliates, places trades on behalf of a fund include an amount in addition to trade execution, which may be rebated back to a fund. Any such rebates are included in net realized gain (loss) on investments in the Statement of Operations. Dividend income is recorded on the ex-dividend date, except for certain dividends from foreign securities where the ex-dividend date may have passed, which are recorded as soon as the Fund is informed of the ex-dividend date. Non-cash dividends included in dividend income, if any, are recorded at the fair market value of the securities received. Income and capital gain distributions from Fidelity Central Funds, if any, are recorded on the ex-dividend date. Interest income is accrued as earned and includes coupon interest and amortization of premium and accretion of discount on debt securities as applicable. Investment income is recorded net of foreign taxes withheld where recovery of such taxes is uncertain. Funds may file withholding tax reclaims in certain jurisdictions to recover a portion of amounts previously withheld. Any withholding tax reclaims income is included in the Statement of Operations in foreign tax reclaims. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable.

Book-tax differences are primarily due to foreign currency transactions, certain foreign taxes, passive foreign investment companies PFIC and losses deferred due to wash sale.

As of period end, the cost and unrealized appreciation (depreciation) in securities, and derivatives if applicable, for federal income tax purposes were as follows:

Gross unrealized appreciation	$316,481
Gross unrealized depreciation	(90,251)
Net unrealized appreciation (depreciation)	$226,230
Tax Cost	$1,089,125

The tax-based components of distributable earnings as of period end were as follows:

Undistributed ordinary income	$3,966
Undistributed long-term capital gain	$23,990
Net unrealized appreciation (depreciation) on securities and other investments	$225,748

The tax character of distributions paid was as follows:

	October 31, 2022	October 31, 2021
Ordinary Income	$22,986	$621
Long-term Capital Gain	167,310	-
Total	$190,296	$ 621

4. Purchases and Sales of Investments.

Purchases and sales of securities, other than short-term securities and in-kind transactions, as applicable, are noted in the table below.

	Purchases ($)	Sales ($)
Fidelity Advisor Diversified International Fund	305,937	440,218

5. Fees and Other Transactions with Affiliates.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$1,238	$10
Class M	.25%	.25%	733	1
Class C	.75%	.25%	295	24
			$2,266	$35

For the period, sales charge amounts retained by FDC were as follows:

	Retained by FDC
Class A	$34
Class M	4
Class C A	1
	$39

A When Class C shares are initially sold, FDC pays commissions from its own resources to financial intermediaries through which the sales are made.

For the period, transfer agent fees for each class were as follows:

	Amount	% of Class-Level Average Net Assets
Class A	$958	.19
Class M	296	.20
Class C	73	.25
Class I	1,118	.19
Class Z	138	.04
	$2,583

	% of Average Net Assets
Fidelity Advisor Diversified International Fund	.04

	Amount
Fidelity Advisor Diversified International Fund	$1

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Diversified International Fund	7,010	15,204	1,121

Other. During the period, the investment adviser reimbursed the Fund for certain losses as follows:

	Amount ($)
Fidelity Advisor Diversified International Fund	1

6. Committed Line of Credit.

	Amount
Fidelity Advisor Diversified International Fund	$3

7. Security Lending.

	Total Security Lending Fees Paid to NFS	Security Lending Income From Securities Loaned to NFS	Value of Securities Loaned to NFS at Period End
Fidelity Advisor Diversified International Fund	$13	$-	$-

8. Expense Reductions.

During the period the investment adviser or an affiliate reimbursed and/or waived a portion of fund-level operating expenses in the amount of $52.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Diversified International Fund
Class A	$59,821	$-
Class M	17,464	-
Class C	3,600	-
Class I	70,433	139
Class Z	38,978	482
Total	$190,296	$621

10. Share Transactions.

Share transactions for each class were as follows and may contain in-kind transactions, automatic conversions between classes or exchanges between affiliated funds:

	Shares	Shares	Dollars	Dollars
	Year ended October 31, 2022	Year ended October 31, 2021	Year ended October 31, 2022	Year ended October 31, 2021
Fidelity Advisor Diversified International Fund
Class A
Shares sold	1,088	1,931	$27,140	$57,801
Reinvestment of distributions	1,965	-	56,205	-
Shares redeemed	(2,828)	(3,291)	(70,824)	(99,463)
Net increase (decrease)	225	(1,360)	$12,521	$(41,662)
Class M
Shares sold	225	287	$5,610	$8,523
Reinvestment of distributions	606	-	17,157	-
Shares redeemed	(785)	(971)	(19,245)	(29,122)
Net increase (decrease)	46	(684)	$3,522	$(20,599)
Class C
Shares sold	112	133	$2,679	$3,803
Reinvestment of distributions	131	-	3,566	-
Shares redeemed	(432)	(843)	(10,156)	(24,305)
Net increase (decrease)	(189)	(710)	$(3,911)	$(20,502)
Class I
Shares sold	3,478	3,394	$89,952	$104,382
Reinvestment of distributions	1,796	4	52,420	102
Shares redeemed	(5,540)	(4,825)	(138,177)	(149,482)
Net increase (decrease)	(266)	(1,427)	$4,195	$(44,998)
Class Z
Shares sold	2,807	2,717	$69,476	$84,432
Reinvestment of distributions	1,264	16	36,834	452
Shares redeemed	(2,219)	(2,214)	(55,219)	(67,660)
Net increase (decrease)	1,852	519	$51,091	$17,224

11. Other.

12. Risk and Uncertainties.

Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Fidelity Advisor Series VIII and Shareholders of Fidelity Advisor Diversified International Fund

Opinion on the Financial Statements

We have audited the accompanying statement of assets and liabilities, including the schedule of investments, of Fidelity Advisor Diversified International Fund (one of the funds constituting Fidelity Advisor Series VIII, referred to hereafter as the "Fund") as of October 31, 2022, the related statement of operations for the year ended October 31, 2022, the statement of changes in net assets for each of the two years in the period ended October 31, 2022, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2022 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of October 31, 2022, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period ended October 31, 2022 and the financial highlights for each of the five years in the period ended October 31, 2022 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, issuers of privately offered securities and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2022

We have served as the auditor of one or more investment companies in the Fidelity group of funds since 1932.

Trustees and Officers

TRUSTEES AND OFFICERS

The fund's Statement of Additional Information (SAI) includes more information about the Trustees. To request a free copy, call Fidelity at 1-877-208-0098.

Interested Trustees*:

Correspondence intended for a Trustee who is an interested person may be sent to Fidelity Investments, 245 Summer Street, Boston, Massachusetts 02210.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Jonathan Chiel (1957)

Year of Election or Appointment: 2016

Trustee

Bettina Doulton (1964)

Year of Election or Appointment: 2021

Trustee

Robert A. Lawrence (1952)

Year of Election or Appointment: 2020

Trustee

Chair of the Board of Trustees

* Determined to be an "Interested Trustee" by virtue of, among other things, his or her affiliation with the trust or various entities under common control with FMR.

Independent Trustees:

Correspondence intended for an Independent Trustee may be sent to Fidelity Investments, P.O. Box 55235, Boston, Massachusetts 02205-5235.

Name, Year of Birth; Principal Occupations and Other Relevant Experience+

Thomas P. Bostick (1956)

Year of Election or Appointment: 2021

Trustee

Dennis J. Dirks (1948)

Year of Election or Appointment: 2005

Trustee

Donald F. Donahue (1950)

Year of Election or Appointment: 2018

Trustee

Vicki L. Fuller (1957)

Year of Election or Appointment: 2020

Trustee

Patricia L. Kampling (1959)

Year of Election or Appointment: 2020

Trustee

Thomas A. Kennedy (1955)

Year of Election or Appointment: 2021

Trustee

Oscar Munoz (1959)

Year of Election or Appointment: 2021

Trustee

Garnett A. Smith (1947)

Year of Election or Appointment: 2018

Trustee

David M. Thomas (1949)

Year of Election or Appointment: 2008

Trustee

Lead Independent Trustee

Susan Tomasky (1953)

Year of Election or Appointment: 2020

Trustee

Michael E. Wiley (1950)

Year of Election or Appointment: 2020

Trustee

Advisory Board Members and Officers:

Name, Year of Birth; Principal Occupation

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

John J. Burke III (1964)

Year of Election or Appointment: 2018

Chief Financial Officer

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Timothy M. Cohen (1969)

Year of Election or Appointment: 2018

Vice President

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Laura M. Del Prato (1964)

Year of Election or Appointment: 2018

Assistant Treasurer

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Pamela R. Holding (1964)

Year of Election or Appointment: 2018

Vice President

Cynthia Lo Bessette (1969)

Year of Election or Appointment: 2019

Secretary and Chief Legal Officer (CLO)

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Jason P. Pogorelec (1975)

Year of Election or Appointment: 2020

Chief Compliance Officer

Brett Segaloff (1972)

Year of Election or Appointment: 2021

Anti-Money Laundering (AML) Officer

Stacie M. Smith (1974)

Year of Election or Appointment: 2016

President and Treasurer

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Shareholder Expense Example

The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2022 to October 31, 2022).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2022	Ending Account Value October 31, 2022	Expenses Paid During Period- C May 1, 2022 to October 31, 2022
Fidelity Advisor® Diversified International Fund
Class A	1.16%
Actual		$ 1,000	$ 869.10	$ 5.46
Hypothetical- B		$ 1,000	$ 1,019.36	$ 5.90
Class M	1.42%
Actual		$ 1,000	$ 867.70	$ 6.68
Hypothetical- B		$ 1,000	$ 1,018.05	$ 7.22
Class C	1.97%
Actual		$ 1,000	$ 865.20	$ 9.26
Hypothetical- B		$ 1,000	$ 1,015.27	$ 10.01
Class I	.91%
Actual		$ 1,000	$ 870.20	$ 4.29
Hypothetical- B		$ 1,000	$ 1,020.62	$ 4.63
Class Z	.75%
Actual		$ 1,000	$ 870.90	$ 3.54
Hypothetical- B		$ 1,000	$ 1,021.42	$ 3.82

A Annualized expense ratio reflects expenses net of applicable fee waivers.

B 5% return per year before expenses

Distributions (Unaudited)

The dividend and capital gains distributions for the fund(s) are available on Fidelity.com or Institutional.Fidelity.com.

The fund hereby designates as a capital gain dividend with respect to the taxable year ended October 31, 2022, $24,073,871, or, if subsequently determined to be different, the net capital gain of such year.

The fund designates 99.39% of the short-term capital gain dividend distributed during the fiscal year as qualifying to be taxed as short-term capital gain dividends for nonresident alien shareholders.

Class A designates 1%; Class M designates 2%; Class C designates 11%; Class I designates 1%; and Class Z designates 1%; of the dividend distributed during the fiscal year as qualifying for the dividends-received deduction for corporate shareholders.

Class A, Class M, Class C, Class I, and Class Z designate 1% of the dividend distributed during the fiscal year as amounts which may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

The amounts per share which represent income derived from sources within, and taxes paid to, foreign countries or possessions of the United States are as follows:

	Pay Date	Income	Taxes
Fidelity Advisor Diversified International Fund
Class A	12/06/2021	$0.3592	$0.0132
Class M	12/06/2021	$0.2772	$0.0132
Class C	12/06/2021	$0.0482	$0.0132
Class I	12/06/2021	$0.4392	$0.0132
Class Z	12/06/2021	$0.4872	$0.0132

The fund will notify shareholders in January 2023 of amounts for use in preparing 2022 income tax returns.

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Diversified International Fund

Nature, Extent, and Quality of Services Provided. The Board considered Fidelity's staffing as it relates to the fund, including the backgrounds of investment personnel of Fidelity, and also considered the fund's investment objective, strategies, and related investment philosophy. The Independent Trustees also had discussions with senior management of Fidelity's investment operations and investment groups. The Board considered the structure of the investment personnel compensation program and whether this structure provides appropriate incentives to act in the best interests of the fund. Additionally, the Board considered the portfolio managers' investments, if any, in the funds that they manage. The Board also considered the steps Fidelity had taken to ensure the continued provision of high quality services to the Fidelity funds during the COVID-19 pandemic, including the expansion of staff in client facing positions to maintain service levels in periods of high volumes and volatility.

Resources Dedicated to Investment Management and Support Services . The Board and the Fund Oversight and Research Committees reviewed the general qualifications and capabilities of Fidelity's investment staff, including its size, education, experience, and resources, as well as Fidelity's approach to recruiting, training, managing, and compensating investment personnel. The Board noted the resources devoted to expansion of Fidelity's global investment organization, and that Fidelity's analysts have extensive resources, tools and capabilities that allow them to conduct sophisticated quantitative and fundamental analysis, as well as credit analysis of issuers, counterparties and guarantors. Further, the Board considered that Fidelity's investment professionals have sufficient access to global information and data so as to provide competitive investment results over time, and that those professionals also have access to sophisticated tools that permit them to assess portfolio construction and risk and performance attribution characteristics continuously, as well as to transmit new information and research conclusions rapidly around the world. Additionally, in its deliberations, the Board considered Fidelity's trading, risk management, compliance, and technology and operations capabilities and resources, which are integral parts of the investment management process.

The Board noted that the growth of fund assets over time across the complex allows Fidelity to reinvest in the development of services designed to enhance the value and convenience of the Fidelity funds as investment vehicles. These services include 24-hour access to account information and market information over the Internet and through telephone representatives, investor education materials and asset allocation tools. The Board also considered that it reviews customer service metrics such as telephone response times, continuity of services on the website and metrics addressing services at Fidelity Investor Centers.

In addition to reviewing absolute and relative fund performance, the Independent Trustees periodically consider the appropriateness of fund performance metrics in evaluating the results achieved. In general, the Independent Trustees believe that fund performance should be evaluated based on net performance (after fees and expenses) the representative class, compared to appropriate benchmark indices, over appropriate time periods that may include full market cycles, and compared to peer groups, as applicable, over the same periods, taking into account relevant factors including the following: general market conditions; issuer-specific information; and fund cash flows and other factors.

Fidelity Advisor Diversified International Fund

Based on its review, the Board concluded that the nature, extent, and quality of services provided to the fund under the Advisory Contracts should continue to benefit the shareholders of the fund.

Management Fee . The Board considered two proprietary management fee comparisons for the 12-month periods ended September 30 (June 30 for periods ended 2019 and 2018 and December 31 for periods prior to 2018) shown in basis points (BP) in the chart below. The group of Lipper funds used by the Board for management fee comparisons is referred to below as the "Total Mapped Group." The Total Mapped Group comparison focuses on a fund's standing in terms of gross management fees before expense reimbursements or caps relative to the total universe of funds with comparable investment mandates, regardless of whether their management fee structures also are comparable. Funds with comparable investment mandates offer exposure to similar types of securities. Funds with comparable management fee structures have similar management fee contractual arrangements (e.g., flat rate charged for advisory services, all-inclusive fee rate, etc.). "TMG %" represents the percentage of funds in the Total Mapped Group that had management fees that were lower than the fund's. For example, a hypothetical TMG % of 20% would mean that 80% of the funds in the Total Mapped Group had higher, and 20% had lower, management fees than the fund. The fund's actual TMG %s and the number of funds in the Total Mapped Group are in the chart below. The "Asset-Sized Peer Group" (ASPG) comparison focuses on a fund's standing relative to a subset of non-Fidelity funds within the Total Mapped Group that are similar in size and management fee structure. For example, if a fund is in the first quartile of the ASPG, the fund's management fee ranks in the least expensive or lowest 25% of funds in the ASPG. The ASPG represents at least 15% of the funds in the Total Mapped Group with comparable asset size and management fee structures, subject to a minimum of 50 funds (or all funds in the Total Mapped Group if fewer than 50). Additional information, such as the ASPG quartile in which the fund's management fee rate ranked, is also included in the chart and was considered by the Board.

Fidelity Advisor Diversified International Fund

The Board noted that the fund's management fee rate ranked below the median of its Total Mapped Group and below the median of its ASPG for the 12-month period ended September 30, 2021.

Based on its review, the Board concluded that the fund's management fee is fair and reasonable in light of the services that the fund receives and the other factors considered.

Total Expense Ratio . In its review the total expense ratio of the representative class (Class I), the Board considered the fund's management fee rate as well as other fund or class expenses, as applicable, such as transfer agent fees, pricing and bookkeeping fees, fund-paid 12b-1 fees, and custodial, legal, and audit fees. The Board also noted that Fidelity may agree to waive fees or reimburse expenses from time to time, and the extent to which, if any, it has done so for the fund. The fund's representative class is compared to those funds and classes in the Total Mapped Group (used by the Board for management fee comparisons) that have a similar sales load structure. The Board also considered a total expense ASPG comparison, which focuses on the total expenses of the representative class relative to a subset of non-Fidelity funds within the total expense similar sales load structure group. The total expense ASPG is limited to 15 larger and 15 smaller classes in fund average assets for a total of 30 classes, where possible. The total expense ASPG comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board noted that the total net expense ratio of Class I ranked equal to the similar sales load structure group competitive median and below the ASPG competitive median for the 12-month period ended September 30, 2021.

The Board concluded, taking into account the analysis of the Economies of Scale Committee, that economies of scale, if any, are being appropriately shared between fund shareholders and Fidelity.

1.728709.123

ADIF-ANN-1222

Item 2.

Code of Ethics

As of the end of the period, October 31, 2022, Fidelity Advisor Series VIII (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.

Item 3.

Audit Committee Financial Expert

The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.

Item 4.

Principal Accountant Fees and Services

Fees and Services

The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Advisor Focused Emerging Markets Fund and Fidelity Advisor International Capital Appreciation Fund (the “Fund(s)”):

Services Billed by Deloitte Entities

October 31, 2022 Fees^A


	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Advisor Focused Emerging Markets Fund	$41,900	$-	$11,200	$1,100
Fidelity Advisor International Capital Appreciation Fund	$50,300	$-	$11,200	$1,200

October 31, 2021 Fees^A


	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Advisor Focused Emerging Markets Fund	$40,400	$-	$11,200	$1,100
Fidelity Advisor International Capital Appreciation Fund	$48,800	$-	$11,100	$1,200

^AAmounts may reflect rounding.

The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for services rendered to Fidelity Advisor Diversified International Fund, Fidelity Advisor Emerging Asia Fund, Fidelity Advisor Global Capital Appreciation Fund, Fidelity Advisor Global Equity Income Fund, Fidelity Advisor Overseas Fund and Fidelity Advisor Value Leaders Fund (the “Fund(s)”):

Services Billed by PwC

October 31, 2022 Fees^A


	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Advisor Diversified International Fund	$47,800	$4,600	$30,700	$1,600
Fidelity Advisor Emerging Asia Fund	$55,300	$5,100	$13,200	$1,700
Fidelity Advisor Global Capital Appreciation Fund	$47,000	$4,500	$12,400	$1,500
Fidelity Advisor Global Equity Income Fund	$41,000	$3,900	$10,900	$1,300
Fidelity Advisor Overseas Fund	$57,800	$5,100	$25,500	$1,700
Fidelity Advisor Value Leaders Fund	$34,200	$3,500	$11,500	$1,200

October 31, 2021 Fees^A


	Audit Fees	Audit-Related Fees	Tax Fees	All Other Fees
Fidelity Advisor Diversified International Fund	$46,600	$4,900	$13,100	$1,600
Fidelity Advisor Emerging Asia Fund	$53,800	$5,400	$12,800	$1,800
Fidelity Advisor Global Capital Appreciation Fund	$45,800	$4,700	$12,000	$1,600
Fidelity Advisor Global Equity Income Fund	$39,900	$4,100	$10,600	$1,400
Fidelity Advisor Overseas Fund	$53,800	$5,400	$12,300	$1,800
Fidelity Advisor Value Leaders Fund	$33,300	$3,600	$11,200	$1,200

^AAmounts may reflect rounding.

The following table(s) present(s) fees billed by Deloitte Entities and PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):

Services Billed by Deloitte Entities


	October 31, 2022^A	October 31, 2021^A
Audit-Related Fees	$-	$-
Tax Fees	$-	$-
All Other Fees	$-	$-

^A Amounts may reflect rounding.

Services Billed by PwC


	October 31, 2022^A	October 31, 2021^A
Audit-Related Fees	$7,914,600	$8,830,600
Tax Fees	$1,000	$354,200
All Other Fees	$-	$-

^A Amounts may reflect rounding.

“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.

“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.

“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the

operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.

Assurance services must be performed by an independent public accountant.

* * *

The aggregate non-audit fees billed by Deloitte Entities and PwC for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:


Billed By	October 31, 2022^A	October 31, 2021^A
Deloitte Entities	$482,300	$546,200
PwC	$13,022,900	$14,597,000

^A Amounts may reflect rounding.

The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities and PwC to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities and PwC in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities and PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.

Audit Committee Pre-Approval Policies and Procedures

The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.

All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.

Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.

Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)

There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).

Item 5.

Audit Committee of Listed Registrants

Not applicable.

Item 6.

Investments

(a)

Not applicable.

(b)

Not applicable.

Item 7.

Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies

Not applicable.

Item 8.

Portfolio Managers of Closed-End Management Investment Companies

Not applicable.

Item 9.

Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers

Not applicable.

Item 10.

Submission of Matters to a Vote of Security Holders

There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.

Item 11.

Controls and Procedures

(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.

(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.

Item 12.

Disclosure of Securities Lending Activities for Closed-End Management

Investment Companies

Not applicable.

Item 13.

Exhibits


(a)	(1)	Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.
(a)	(2)	Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.
(a)	(3)	Not applicable.
(b)		Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Fidelity Advisor Series VIII


By:	/s/Stacie M. Smith
	Stacie M. Smith
	President and Treasurer

Date:	December 21, 2022

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:	/s/Stacie M. Smith
	Stacie M. Smith
	President and Treasurer

Date:	December 21, 2022


By:	/s/John J. Burke III
	John J. Burke III
	Chief Financial Officer

Date:	December 21, 2022

Fidelity Advisor Emerging Asia Fund Class C (FERCX) N-CSRCertified annual shareholder report (management investment company)