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, 2023	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	-1.31%	7.02%	6.44%
Class M (incl. 3.50% sales charge)	0.75%	7.25%	6.42%
Class C (incl. contingent deferred sales charge)	2.94%	7.49%	6.43%
Class I	4.96%	8.57%	7.34%
Class Z	5.09%	8.72%	7.42%

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, a class of the fund, on October 31, 2013, 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 gained 10.91% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -18.07% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 18.36% year to date through July, including gains in June (+5.83%) and July (+3.68%). The rally for international equities sputtered for the next three months (-9.54%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds, and particularly weak economic conditions in the eurozone and China. Even still, the three-month decline left global stocks up 7.07% year to date through October. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin, while the U.S. middled (+10%). All but three of 11 sectors advanced, with information technology (+29%) and communication services (+27%) leading. Conversely, the real estate sector (-3%) lagged most, followed by health care and utilities (-1% each).

Comments from Portfolio Manager Ramona Persaud:

For the fiscal year, the fund's share classes (excluding sales charges, if applicable) gained about 4% to 5%, versus 10.91% for the benchmark MSCI All Country World Index (Net MA). From a regional standpoint, stock selection in the United States and picks and an overweight in Europe ex the U.K. detracted from the fund's performance versus the benchmark. By sector, security selection was the primary detractor, especially within communication services. Security selection in financials, primarily within the banks industry, also hurt. Stock selection in information technology, primarily within the semiconductors & semiconductor equipment industry, also hampered the fund's result. Also detracting from our result were stock picking and an overweight in consumer staples. Not owning Nvidia, a benchmark component that gained approximately 202%, was the largest individual relative detractor. A second notable relative detractor this period was avoiding Meta Platforms, a benchmark component that gained roughly 223%. In contrast, from a regional standpoint, picks in Canada and an underweight in Asia Pacific ex Japan contributed to the fund's performance versus the benchmark. By sector, the biggest contributor to performance versus the benchmark was security selection in industrials, primarily within the capital goods industry. An underweight in financials, primarily within the financial services industry, also boosted relative performance. Also helping our relative result was stock picking in consumer discretionary. The top individual relative contributor was an overweight in Eli Lilly (+55%). Eli Lilly was one of our biggest holdings. The second-largest relative contributor was an overweight in General Electric (+81%). Notable changes in positioning include higher allocations to the information technology and consumer discretionary sectors.

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, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals)	5.5
Microsoft Corp. (United States of America, Software)	5.3
Eli Lilly & Co. (United States of America, Pharmaceuticals)	2.7
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services)	2.2
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	2.0
JPMorgan Chase & Co. (United States of America, Banks)	2.0
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels)	1.8
Linde PLC (United States of America, Chemicals)	1.8
Accenture PLC Class A (United States of America, IT Services)	1.7
Cisco Systems, Inc. (United States of America, Communications Equipment)	1.5
	26.5

Market Sectors (% of Fund's net assets)

Information Technology	21.8
Health Care	13.8
Financials	12.2
Consumer Staples	11.4
Industrials	9.6
Consumer Discretionary	9.1
Communication Services	5.9
Energy	5.2
Materials	5.2
Utilities	3.9
Real Estate	1.1

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 adjusted for the effect of derivatives, if applicable.

Schedule of Investments October 31, 2023

Showing Percentage of Net Assets

Common Stocks - 99.2%
	Shares	Value ($)
Belgium - 0.7%
KBC Group NV	8,395	461,015
UCB SA	2,201	160,832
TOTAL BELGIUM		621,847
Brazil - 0.9%
Equatorial Energia SA	137,420	861,303
Canada - 5.1%
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	23,116	1,258,357
Canadian Natural Resources Ltd.	12,234	776,871
Constellation Software, Inc.	219	439,028
Constellation Software, Inc. warrants 8/22/28 (a)(b)	219	0
Imperial Oil Ltd.	12,119	690,654
Metro, Inc.	19,393	985,068
PrairieSky Royalty Ltd.	36,606	642,766
TOTAL CANADA		4,792,744
China - 1.9%
Kweichow Moutai Co. Ltd. (A Shares)	1,016	234,040
NXP Semiconductors NV	7,901	1,362,369
SITC International Holdings Co. Ltd.	111,487	171,735
TOTAL CHINA		1,768,144
Denmark - 0.4%
DSV A/S	2,776	414,014
Finland - 1.1%
Elisa Corp. (A Shares)	20,520	870,225
Neste OYJ	4,672	156,757
TOTAL FINLAND		1,026,982
France - 4.3%
Airbus Group NV	6,426	861,574
Capgemini SA	3,724	658,138
Edenred SA	16,675	886,425
LVMH Moet Hennessy Louis Vuitton SE	1,905	1,363,848
VINCI SA	2,536	280,417
TOTAL FRANCE		4,050,402
Germany - 2.5%
Deutsche Telekom AG	33,588	728,983
Rheinmetall AG	3,980	1,138,719
Siemens AG	3,999	530,663
TOTAL GERMANY		2,398,365
Hong Kong - 0.8%
AIA Group Ltd.	74,907	650,478
HKBN Ltd.	271,997	94,225
TOTAL HONG KONG		744,703
Hungary - 0.3%
Richter Gedeon PLC	11,200	262,609
India - 0.3%
HDFC Bank Ltd. sponsored ADR	3,540	200,187
Redington (India) Ltd.	45,659	78,203
TOTAL INDIA		278,390
Japan - 6.6%
Capcom Co. Ltd.	11,594	373,203
Daiichikosho Co. Ltd.	35,847	529,871
FUJIFILM Holdings Corp.	5,027	274,966
Hitachi Ltd.	9,310	590,130
Hoya Corp.	7,117	685,144
Inaba Denki Sangyo Co. Ltd.	22,843	476,343
Minebea Mitsumi, Inc.	19,198	301,011
Renesas Electronics Corp. (a)	37,669	494,806
Roland Corp.	10,695	309,235
Shin-Etsu Chemical Co. Ltd.	22,463	671,720
Sony Group Corp.	12,206	1,014,793
Toyota Motor Corp.	30,673	536,586
TOTAL JAPAN		6,257,808
Kenya - 0.1%
Safaricom Ltd.	1,435,064	118,675
Korea (South) - 1.2%
Samsung Electronics Co. Ltd.	22,181	1,102,420
Luxembourg - 0.1%
L'Occitane Ltd.	49,000	125,941
Sweden - 0.3%
HEXPOL AB (B Shares)	29,602	261,745
Switzerland - 0.5%
Sika AG	2,040	486,424
Taiwan - 2.0%
Taiwan Semiconductor Manufacturing Co. Ltd.	117,961	1,925,116
United Kingdom - 6.8%
AstraZeneca PLC sponsored ADR	21,094	1,333,774
B&M European Value Retail SA	103,032	662,218
BAE Systems PLC	68,895	926,388
Compass Group PLC	26,425	666,211
Diageo PLC	11,263	425,922
JD Sports Fashion PLC	233,953	362,557
London Stock Exchange Group PLC	4,200	423,759
RELX PLC (London Stock Exchange)	17,618	615,356
RS GROUP PLC	43,505	358,091
Starling Bank Ltd. Series D (a)(b)(c)	20,800	74,327
Unilever PLC	8,542	404,555
WH Smith PLC	15,592	219,835
TOTAL UNITED KINGDOM		6,472,993
United States of America - 63.0%
Accenture PLC Class A	5,507	1,636,075
Albertsons Companies, Inc.	9,300	201,810
Amdocs Ltd.	11,396	913,503
Ameren Corp.	7,125	539,434
American Tower Corp.	2,196	391,305
Apple, Inc.	30,596	5,224,880
AT&T, Inc.	18,808	289,643
Ball Corp.	3,698	178,059
Bank of America Corp.	46,161	1,215,881
BJ's Wholesale Club Holdings, Inc. (a)	8,334	567,712
Bristol-Myers Squibb Co.	10,882	560,749
Capital One Financial Corp.	5,032	509,691
Chubb Ltd.	3,306	709,534
Cisco Systems, Inc.	26,803	1,397,240
Comcast Corp. Class A	19,523	806,105
Costco Wholesale Corp.	1,198	661,823
Crane Co.	2,421	235,636
Crane Nxt Co.	2,421	125,892
Crown Holdings, Inc.	6,704	540,342
Danaher Corp.	5,976	1,147,512
Dollar Tree, Inc. (a)	7,225	802,625
Eli Lilly & Co.	4,608	2,552,509
Estee Lauder Companies, Inc. Class A	1,757	226,425
Experian PLC	21,315	645,351
Exxon Mobil Corp.	16,470	1,743,350
Freeport-McMoRan, Inc.	22,784	769,644
General Electric Co.	8,215	892,395
Gilead Sciences, Inc.	10,276	807,077
H&R Block, Inc.	13,225	542,886
Hartford Financial Services Group, Inc.	12,509	918,786
Hess Corp.	4,193	605,469
Johnson Controls International PLC	5,906	289,512
JPMorgan Chase & Co.	13,732	1,909,572
Kenvue, Inc.	6,800	126,480
Keurig Dr. Pepper, Inc.	16,737	507,633
Lamar Advertising Co. Class A	7,860	646,642
Linde PLC	4,477	1,710,930
Lowe's Companies, Inc.	2,696	513,777
M&T Bank Corp.	4,671	526,655
McDonald's Corp.	3,167	830,292
Merck & Co., Inc.	9,625	988,488
Microsoft Corp.	14,749	4,986,784
Mondelez International, Inc.	6,578	435,529
MSCI, Inc.	562	265,011
Nestle SA (Reg. S)	6,291	678,414
NextEra Energy, Inc.	10,089	588,189
PG&E Corp. (a)	10,827	176,480
Philip Morris International, Inc.	5,313	473,707
Phillips 66 Co.	1,943	221,638
PNC Financial Services Group, Inc.	8,354	956,282
Procter & Gamble Co.	7,284	1,092,819
Roche Holding AG (participation certificate)	5,412	1,394,725
Sanofi SA	11,670	1,059,709
Southern Co.	8,578	577,299
T-Mobile U.S., Inc.	9,024	1,298,193
Tapestry, Inc.	6,108	168,336
Target Corp.	1,969	218,146
The Coca-Cola Co.	12,885	727,874
The Travelers Companies, Inc.	5,229	875,544
TJX Companies, Inc.	14,825	1,305,638
United Parcel Service, Inc. Class B	3,035	428,694
UnitedHealth Group, Inc.	3,858	2,066,190
Valero Energy Corp.	1,558	197,866
Veralto Corp.	1,992	137,448
Verizon Communications, Inc.	10,023	352,108
Vistra Corp.	20,446	668,993
Walmart, Inc.	4,186	684,034
WEC Energy Group, Inc.	3,365	273,877
Wells Fargo & Co.	24,804	986,455
TOTAL UNITED STATES OF AMERICA		59,705,306
Zambia - 0.3%
First Quantum Minerals Ltd.	26,950	312,303
TOTAL COMMON STOCKS (Cost $87,036,095)		93,988,234

Money Market Funds - 2.0%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (d) (Cost $1,880,612)	1,880,236	1,880,612

TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $88,916,707)	95,868,846
NET OTHER ASSETS (LIABILITIES) - (1.2)%	(1,133,634)
NET ASSETS - 100.0%	94,735,212

Legend

(a)	Non-income producing

(b)	Level 3 security

(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 $74,327 or 0.1% of net assets.

(d)

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.

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 5.40%	3,668,251	56,098,391	57,886,030	247,268	-	-	1,880,612	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	-	3,405,254	3,405,254	3,091	-	-	-	0.0%
Total	3,668,251	59,503,645	61,291,284	250,359	-	-	1,880,612

Amounts in the dividend 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.

Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

The following is a summary of the inputs used, as of October 31, 2023, 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:
Communication Services	5,461,231	3,734,949	1,726,282	-
Consumer Discretionary	8,496,212	4,605,539	3,890,673	-
Consumer Staples	10,838,914	8,970,042	1,868,872	-
Energy	5,035,371	5,035,371	-	-
Financials	11,569,602	10,421,038	1,074,237	74,327
Health Care	13,019,318	9,879,740	3,139,578	-
Industrials	9,293,477	4,539,860	4,753,617	-
Information Technology	20,619,420	16,085,771	4,533,649	-
Materials	4,931,167	4,259,447	671,720	-
Real Estate	1,037,947	1,037,947	-	-
Utilities	3,685,575	3,685,575	-	-

Money Market Funds	1,880,612	1,880,612	-	-
Total Investments in Securities:	95,868,846	74,135,891	21,658,628	74,327

Financial Statements

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $87,036,095)	$	93,988,234
Fidelity Central Funds (cost $1,880,612)		1,880,612


Total Investment in Securities (cost $88,916,707)			$	95,868,846
Foreign currency held at value (cost $55,209)				55,202
Receivable for investments sold				34,406
Receivable for fund shares sold				12,594
Dividends receivable				114,915
Reclaims receivable				63,738
Distributions receivable from Fidelity Central Funds				4,265
Prepaid expenses				143
Total assets				96,154,109
Liabilities
Payable for fund shares redeemed	$	1,271,409
Accrued management fee		62,849
Distribution and service plan fees payable		12,868
Other affiliated payables		14,051
Other payables and accrued expenses		57,720
Total Liabilities				1,418,897
Net Assets			$	94,735,212
Net Assets consist of:
Paid in capital			$	89,243,124
Total accumulated earnings (loss)				5,492,088
Net Assets			$	94,735,212

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($18,786,450 ÷ 1,066,850 shares)(a)			$	17.61
Maximum offering price per share (100/94.25 of $17.61)			$	18.68
Class M :
Net Asset Value and redemption price per share ($12,429,887 ÷ 706,531 shares)(a)			$	17.59
Maximum offering price per share (100/96.50 of $17.59)			$	18.23
Class C :
Net Asset Value and offering price per share ($4,313,477 ÷ 247,775 shares)(a)			$	17.41
Class I :
Net Asset Value, offering price and redemption price per share ($14,281,797 ÷ 810,248 shares)			$	17.63
Class Z :
Net Asset Value, offering price and redemption price per share ($44,923,601 ÷ 2,530,261 shares)			$	17.75
(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, 2023
Investment Income
Dividends			$	2,064,985
Income from Fidelity Central Funds (including $3,091 from security lending)				250,359
Income before foreign taxes withheld			$	2,315,344
Less foreign taxes withheld				(114,179)
Total Income				2,201,165
Expenses
Management fee	$	618,879
Transfer agent fees		119,978
Distribution and service plan fees		147,920
Accounting fees		45,688
Custodian fees and expenses		14,905
Independent trustees' fees and expenses		450
Registration fees		95,566
Audit		85,862
Legal		1,634
Miscellaneous		301
Total expenses before reductions		1,131,183
Expense reductions		(76,578)
Total expenses after reductions				1,054,605
Net Investment income (loss)				1,146,560
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $10,377)		(948,088)
Foreign currency transactions		(20,727)
Total net realized gain (loss)				(968,815)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of decrease in deferred foreign taxes of $11,284)		2,149,126
Assets and liabilities in foreign currencies		973
Total change in net unrealized appreciation (depreciation)				2,150,099
Net gain (loss)				1,181,284
Net increase (decrease) in net assets resulting from operations			$	2,327,844

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	1,146,560	$	324,981
Net realized gain (loss)		(968,815)		(476,484)
Change in net unrealized appreciation (depreciation)		2,150,099		(4,969,189)
Net increase (decrease) in net assets resulting from operations		2,327,844		(5,120,692)
Distributions to shareholders		(1,156,098)		(3,032,586)

Share transactions - net increase (decrease)		37,571,402		29,771,568
Total increase (decrease) in net assets		38,743,148		21,618,290

Net Assets
Beginning of period		55,992,064		34,373,774
End of period	$	94,735,212	$	55,992,064

Financial Highlights

Fidelity Advisor® Global Equity Income Fund Class A

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	17.01	$	21.07	$	15.95	$	15.33	$	13.86
Income from Investment Operations
Net investment income (loss) A,B		.20		.15		.10		.13		.19
Net realized and unrealized gain (loss)		.61		(2.41)		5.32		.61		1.76
Total from investment operations		.81		(2.26)		5.42		.74		1.95
Distributions from net investment income		(.21)		(.11)		(.10) C		(.12)		(.20)
Distributions from net realized gain		-		(1.69)		(.20) C		-		(.28)
Total distributions		(.21)		(1.80)		(.30)		(.12)		(.48)
Net asset value, end of period	$	17.61	$	17.01	$	21.07	$	15.95	$	15.33
Total Return D,E		4.71%		(11.78)%		34.23%		4.87%		14.52%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.40%		1.54%		1.72%		1.97%		2.18%
Expenses net of fee waivers, if any		1.29%		1.30%		1.34%		1.39%		1.45%
Expenses net of all reductions		1.29%		1.30%		1.34%		1.38%		1.45%
Net investment income (loss)		1.10%		.81%		.49%		.81%		1.32%
Supplemental Data
Net assets, end of period (000 omitted)	$	18,786	$	16,093	$	12,640	$	8,362	$	8,314
Portfolio turnover rate H		25%		17%		40%		52%		18% I

ACalculated based on average shares outstanding during the period.

BNet 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.

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

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

ETotal returns do not include the effect of the sales charges.

FFees 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.

GExpense 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.

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

IPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class M

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	17.00	$	21.05	$	15.94	$	15.32	$	13.85
Income from Investment Operations
Net investment income (loss) A,B		.16		.10		.05		.09		.15
Net realized and unrealized gain (loss)		.60		(2.40)		5.31		.61		1.76
Total from investment operations		.76		(2.30)		5.36		.70		1.91
Distributions from net investment income		(.17)		(.05)		(.06) C		(.08)		(.16)
Distributions from net realized gain		-		(1.69)		(.20) C		-		(.28)
Total distributions		(.17)		(1.75) D		(.25) D		(.08)		(.44)
Net asset value, end of period	$	17.59	$	17.00	$	21.05	$	15.94	$	15.32
Total Return E,F		4.41%		(11.98)%		33.89%		4.63%		14.23%
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.62%		1.76%		1.95%		2.24%		2.49%
Expenses net of fee waivers, if any		1.54%		1.55%		1.60%		1.64%		1.70%
Expenses net of all reductions		1.54%		1.55%		1.60%		1.63%		1.70%
Net investment income (loss)		.85%		.56%		.23%		.56%		1.07%
Supplemental Data
Net assets, end of period (000 omitted)	$	12,430	$	8,535	$	8,442	$	3,545	$	3,135
Portfolio turnover rate I		25%		17%		40%		52%		18% J

ACalculated based on average shares outstanding during the period.

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

DTotal distributions per share do not sum due to rounding.

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

FTotal returns do not include the effect of the sales charges.

GFees 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.

HExpense 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.

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

JPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class C

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	16.82	$	20.88	$	15.84	$	15.24	$	13.77
Income from Investment Operations
Net investment income (loss) A,B		.06		.01		(.05)		.01		.08
Net realized and unrealized gain (loss)		.61		(2.39)		5.28		.62		1.75
Total from investment operations		.67		(2.38)		5.23		.63		1.83
Distributions from net investment income		(.08)		(.02)		- C,D		(.03)		(.09)
Distributions from net realized gain		-		(1.66)		(.19) C		-		(.28)
Total distributions		(.08)		(1.68)		(.19)		(.03)		(.36) E
Net asset value, end of period	$	17.41	$	16.82	$	20.88	$	15.84	$	15.24
Total Return F,G		3.94%		(12.46)%		33.22%		4.12%		13.71%
Ratios to Average Net Assets B,H,I
Expenses before reductions		2.17%		2.31%		2.47%		2.75%		2.99%
Expenses net of fee waivers, if any		2.04%		2.05%		2.09%		2.14%		2.20%
Expenses net of all reductions		2.04%		2.05%		2.09%		2.13%		2.20%
Net investment income (loss)		.35%		.06%		(.26)%		.06%		.57%
Supplemental Data
Net assets, end of period (000 omitted)	$	4,313	$	4,437	$	5,891	$	4,082	$	4,173
Portfolio turnover rate J		25%		17%		40%		52%		18% K

ACalculated based on average shares outstanding during the period.

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

DAmount represents less than $.005 per share.

ETotal distributions per share do not sum due to rounding.

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

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

HFees 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.

IExpense 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.

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

KPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class I

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	17.03	$	21.09	$	15.96	$	15.35	$	13.88
Income from Investment Operations
Net investment income (loss) A,B		.25		.19		.15		.17		.22
Net realized and unrealized gain (loss)		.60		(2.40)		5.32		.60		1.77
Total from investment operations		.85		(2.21)		5.47		.77		1.99
Distributions from net investment income		(.25)		(.15)		(.15) C		(.16)		(.24)
Distributions from net realized gain		-		(1.69)		(.20) C		-		(.28)
Total distributions		(.25)		(1.85) D		(.34) D		(.16)		(.52)
Net asset value, end of period	$	17.63	$	17.03	$	21.09	$	15.96	$	15.35
Total Return E		4.96%		(11.53)%		34.59%		5.08%		14.84%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.11%		1.15%		1.37%		1.63%		1.83%
Expenses net of fee waivers, if any		1.05%		1.04%		1.07%		1.13%		1.20%
Expenses net of all reductions		1.05%		1.04%		1.07%		1.12%		1.20%
Net investment income (loss)		1.35%		1.06%		.75%		1.06%		1.57%
Supplemental Data
Net assets, end of period (000 omitted)	$	14,282	$	16,953	$	2,823	$	2,378	$	2,188
Portfolio turnover rate H		25%		17%		40%		52%		18% I

ACalculated based on average shares outstanding during the period.

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

DTotal distributions per share do not sum due to rounding.

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

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

IPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Global Equity Income Fund Class Z

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	17.13	$	21.18	$	16.01	$	15.37	$	13.88
Income from Investment Operations
Net investment income (loss) A,B		.28		.22		.18		.19		.25
Net realized and unrealized gain (loss)		.60		(2.42)		5.34		.61		1.76
Total from investment operations		.88		(2.20)		5.52		.80		2.01
Distributions from net investment income		(.26)		(.16)		(.15) C		(.16)		(.24)
Distributions from net realized gain		-		(1.69)		(.20) C		-		(.28)
Total distributions		(.26)		(1.85)		(.35)		(.16)		(.52)
Net asset value, end of period	$	17.75	$	17.13	$	21.18	$	16.01	$	15.37
Total Return D		5.09%		(11.41)%		34.75%		5.29%		15.00%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.97%		1.09%		1.29%		1.50%		1.37%
Expenses net of fee waivers, if any		.89%		.89%		.93%		.98%		1.04%
Expenses net of all reductions		.89%		.89%		.93%		.97%		1.04%
Net investment income (loss)		1.50%		1.21%		.90%		1.21%		1.73%
Supplemental Data
Net assets, end of period (000 omitted)	$	44,924	$	9,974	$	4,579	$	3,354	$	3,599
Portfolio turnover rate G		25%		17%		40%		52%		18% H

ACalculated based on average shares outstanding during the period.

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

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

EFees 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.

FExpense 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.

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

HPortfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2023

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. Class A, Class M, Class C, Class I and Class Z are Fidelity Advisor classes. 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 RatioA
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, 2023 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 taxes withheld. 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 (ETFs). 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 (ETF). 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, 2023, 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), 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	$13,718,262
Gross unrealized depreciation	(6,927,168)
Net unrealized appreciation (depreciation)	$6,791,094
Tax Cost	$89,077,752

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

Undistributed ordinary income	$55,658
Capital loss carryforward	$(1,347,127)
Net unrealized appreciation (depreciation) on securities and other investments	$6,785,508

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	$(1,012,416)
Long-term	(334,711)
Total capital loss carryforward	$(1,347,127)

The tax character of distributions paid was as follows:

	October 31, 2023	October 31, 2022
Ordinary Income	$1,156,098	$442,476
Long-term Capital Gains	-	2,590,110
Total	$1,156,098	$3,032,586

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 Global Equity Income Fund	62,257,458	21,284,449

5. Fees and Other Transactions with Affiliates.

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%	$46,513	$4,585
Class M	.25%	.25%	55,934	46
Class C	.75%	.25%	45,473	5,017
			$147,920	$9,648

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	$11,181
Class M	1,335
Class CA	334
	$12,850

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	$38,494	.21
Class M	20,065	.18
Class C	10,014	.22
Class I	37,021	.16
Class Z	14,384	.04
	$119,978

During November 2023, the Board approved a change in the transfer agent fees effective December 1, 2023 to a fixed annual rate of class-level average net assets as follows:

	% of Class-Level Average Net Assets
Class A	0.2000%
Class M	0.1768%
Class C	0.2000%
Class I	0.1644%

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 Global Equity Income Fund	.05

During November 2023, the Board approved a change in the accounting fees effective December 1, 2023 to a fixed annual rate of average net assets as follows:

	% of Average Net Assets
Fidelity Advisor Global Equity Income Fund	0.0497%

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 Global Equity Income Fund	$378

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 Global Equity Income Fund	5,489,551	2,948,029	(1,315)

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 Global Equity Income Fund	$157

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 Global Equity Income Fund	$300	$-	$-

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 28, 2025. 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%	$18,413
Class M	1.55%	7,505
Class C	2.05%	5,228
Class I	1.05%	13,910
Class Z	.90%	25,451
		$70,507

Through arrangements with the Fund's custodian and each class' transfer agent, 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 $268. During the period, transfer agent credits reduced each class' expenses as noted in the table below.

	Expense reduction
Class A	$79
Class M	51
	$130

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 $5,673.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2023	Year ended October 31, 2022
Fidelity Advisor Global Equity Income Fund
Distributions to shareholders
Class A	$214,532	$1,161,549
Class M	103,575	727,027
Class C	18,505	438,290
Class I	291,932	304,398
Class Z	527,554	401,322
Total	$1,156,098	$3,032,586

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, 2023	Year ended October 31, 2022	Year ended October 31, 2023	Year ended October 31, 2022
Fidelity Advisor Global Equity Income Fund
Class A
Shares sold	417,192	422,904	$7,613,221	$7,682,449
Reinvestment of distributions	11,701	58,695	214,004	1,140,971
Shares redeemed	(308,132)	(135,332)	(5,632,749)	(2,463,385)
Net increase (decrease)	120,761	346,267	$2,194,476	$6,360,035
Class M
Shares sold	277,079	187,839	$5,046,852	$3,454,901
Reinvestment of distributions	5,646	37,279	103,558	726,929
Shares redeemed	(78,376)	(123,934)	(1,420,621)	(2,223,736)
Net increase (decrease)	204,349	101,184	$3,729,789	$1,958,094
Class C
Shares sold	57,136	51,783	$1,042,747	$965,694
Reinvestment of distributions	1,009	22,518	18,498	437,451
Shares redeemed	(74,169)	(92,657)	(1,330,726)	(1,755,261)
Net increase (decrease)	(16,024)	(18,356)	$(269,481)	$(352,116)
Class I
Shares sold	1,260,460	928,989	$22,822,669	$16,746,678
Reinvestment of distributions	13,415	13,473	244,927	251,798
Shares redeemed	(1,459,343)	(80,579)	(26,791,245)	(1,470,040)
Net increase (decrease)	(185,468)	861,883	$(3,723,649)	$15,528,436
Class Z
Shares sold	2,511,253	434,610	$45,972,252	$7,540,263
Reinvestment of distributions	27,802	19,889	513,800	385,895
Shares redeemed	(591,088)	(88,338)	(10,845,785)	(1,649,039)
Net increase (decrease)	1,947,967	366,161	$35,640,267	$6,277,119

11. 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.

12. 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. Significant concentrations in security types, issuers, industries, sectors, and geographic locations may magnify the factors that affect a fund's performance.

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, 2023, the related statement of operations for the year ended October 31, 2023, the statement of changes in net assets for each of the two years in the period ended October 31, 2023, including the related notes, and the financial highlights for each of the five years in the period ended October 31, 2023 (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, 2023, 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, 2023 and the financial highlights for each of the five years in the period ended October 31, 2023 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, 2023 by correspondence with the custodian and issuer of privately offered securities. We believe that our audits provide a reasonable basis for our opinion.

/s/ PricewaterhouseCoopers LLP

Boston, Massachusetts

December 14, 2023

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 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 322 funds. Mr. Chiel oversees 191 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 alternative investment, 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 General Counsel (2012-present) and Head of Legal, Risk and Compliance (2022-present). Mr Chiel serves as Executive Vice President and General Counsel for FMR LLC (diversified financial services company, 2012-present) and Director and President for OH Company LLC (holding company, 2018-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 & Sustainability 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), as a member of the Board of HireVue, Inc. (video interview and assessment, 2020-present), as a member of the Board of Allonnia (biotechnology and engineering solutions, 2022-present) and on the Advisory Board of Solugen, Inc. (specialty bio-based chemicals manufacturer, 2022-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. Mr. Donahue previously served as a member of the Advisory Board of certain Fidelity® funds (2015-2018) and as a member of the Board of The Leadership Academy (previously NYC Leadership Academy) (2012-2022).

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 Board of Ariel Alternatives, LLC (private equity, 2022-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 served as Executive Chairman of the Board of Directors of Raytheon Technologies Corporation (aerospace and defense, 2020-2021). Mr. Kennedy serves as a Director of the Board of Directors of Textron Inc. (aerospace and defense, 2023-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), a member of the Board of Archer Aviation Inc. (2021-present), a member of the Defense Business Board of the United States Department of Defense (2021-present) and a member of the Board of Salesforce.com, Inc. (cloud-based software, 2022-present). Previously, Mr. Munoz served as a Member of the Advisory Board of certain Fidelity® funds (2021).

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 Lead Director of the Board 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.

Name, Year of Birth; Principal Occupation

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Member of the Advisory Board

Mr. Advani also serves as Trustee or Member of the Advisory Board of other funds. Previously, Mr. Advani served as Executive Chairman (2020-2022), Chief Executive Officer (2017-2020) and Chief Operating Officer (2016-2017) of Nuveen (global investment manager). He also served in various capacities at Franklin Resources (global investment manager), including Co-President (2015-2016), Executive Vice President, Global Advisory Services (2008-2015), Head of Global Retail Distribution (2005-2008), Executive Managing Director, International Retail Development (2002-2005), Managing Director, Product Developments, Sales & Marketing, Asia, Eastern Europe and Africa (2000-2002) and President, Templeton Asset Management India (1995-2000). Mr. Advani also served as Senior Investment Officer of International Finance Corporation (private equity and venture capital arm of The World Bank, 1984-1995). Mr. Advani is Chairman Emeritus of the U.S. India Business Council (2018-present), a Director of The Global Impact Investing Network (2019-present), a Director of LOK Capital (Mauritius) (2022-present), a member of the Advisory Council of LOK Capital (2022-present), a Senior Advisor of Neuberger Berman (2021-present), a Senior Advisor of Seviora Holdings Pte. Ltd (Temasek-Singapore) (2021-present), a Director of Seviora Capital (Singapore) (2021-present) and an Advisor of EQUIAM (2021-present). Mr. Advani formerly served as a member of the Board of BowX Acquisition Corp. (special purpose acquisition company, 2020-2021), a member of the Board of Intellecap (advisory arm of The Aavishkaar Group, 2018-2020), a member of the Board of Nuveen Investments, Inc. (2017-2020) and a member of the Board of Docusign (software, 2016-2019).

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).

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Ms. Peetz also serves as a Member of the Advisory Board of other funds. Previously, Ms. Peetz served as Chief Administration Officer (2020-2023) of Citigroup Inc. (a diversified financial service company). She also served in various capacities at Bank of New York Mellon Corporation, including President (2013-2016), Vice Chairman, Senior Executive Vice President and Chief Executive Officer of Financial Markets & Treasury Services (2010-2013), Senior Executive Vice President and Chief Executive Officer of Global Corporate Trust (2003-2008), Senior Vice President and Division Manager of Global Payments & Trade Services (2002-2003) and Senior Vice President and Division Manager of Domestic Corporate Trust (1998-2002). Ms. Peetz also served in various capacities at Chase Manhattan Corporation (1982-1998), including Senior Vice President and Manager of Corporate Trust International Business (1996-1998), Managing Director and Manager of Corporate Trust Services (1994-1996) and Managing Director and Group Manager of Financial Institution Sales (1990-1993). Ms. Peetz currently serves as Chair of Amherst Holdings Advisory Council (2018-present), Trustee of Johns Hopkins University (2016-present), Chair of the Carey Business School Advisory Council, Member of the Johns Hopkins Medicine Board and Finance Committee and Chair of the Lyme and Tick Related Disease Institute Advisory Council. Ms. Peetz previously served as a member of the Board of Guardian Life Insurance Company of America (2019-2023), a member of the Board of Trane Technologies (2018-2022), a member of the Board of Wells Fargo Corp. (2017-2019), a member of the Board of SunCoke Energy Inc. (2012-2016), a member of the Board of Private Export Funding Corporation (2010-2016) and as a Trustee of Penn State University (2010-2014) and the United Way of New York City (2008-2010).

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

Ms. Bonner also serves as an officer of other funds. Ms. Bonner is a Senior Vice President (2022-present) and is an employee of Fidelity Investments (2022-present). Ms. Bonner serves as Vice President, Treasurer, or Assistant Treasurer of certain Fidelity entities. Prior to joining Fidelity, Ms. Bonner served as Managing Director at AQR Capital Management (2013-2022) and was the Treasurer and Principal Financial Officer of the AQR Funds (2013-2022).

Craig S. Brown (1977)

Year of Election or Appointment: 2022

Deputy Treasurer

Mr. Brown also serves as an officer of other funds. Mr. Brown is a Vice President (2015-present) and is an employee of Fidelity Investments. Mr. Brown serves as Assistant Treasurer of FIMM, LLC (2021-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 is Head of Fidelity Fund and Investment Operations (2018-present) and is an employee of Fidelity Investments. Mr. Burke serves as President, Executive Vice President, or Director of certain Fidelity entities. Previously Mr. Burke served as head of Asset Management Investment Operations (2012-2018).

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

Ms. Carey also serves as an officer of other funds and as CLO of certain Fidelity entities. Ms. Carey is a Senior Vice President, Deputy General Counsel (2019-present) and is an employee of Fidelity Investments.

William C. Coffey (1969)

Year of Election or Appointment: 2019

Assistant Secretary

Mr. Coffey also serves as Assistant Secretary of other funds. Mr. Coffey is a Senior Vice President, Deputy General Counsel (2010-present) and is an employee of Fidelity Investments. Previously, Mr. Coffey served as Secretary and CLO of certain funds (2018-2019); CLO, Secretary, or Senior Vice President of certain Fidelity entities 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 is Co-Head of Equity (2018-present) and is an employee of Fidelity Investments. Mr. Cohen serves a Director of Fidelity Management & Research (Japan) Limited (investment adviser firm, 2016-present). Previously, Mr. Cohen served as Executive Vice President of Fidelity SelectCo, LLC (2019) and Head of Global Equity Research (2016-2018).

Jonathan Davis (1968)

Year of Election or Appointment: 2010

Assistant Treasurer

Mr. Davis also serves as an officer of other funds. Mr. Davis is a Vice President (2006-present) and is an employee of Fidelity Investments. Mr. Davis serves as Assistant Treasurer of certain Fidelity entities.

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 is a Senior Vice President (2017-present) and is an employee of Fidelity Investments. Ms. Del Prato serves as Vice President or Assistant Treasurer of certain Fidelity entities. Previously, Ms. Del Prato served as President and Treasurer of The North Carolina Capital Management Trust: Cash Portfolio and Term Portfolio (2018-2020).

Colm A. Hogan (1973)

Year of Election or Appointment: 2020

Assistant Treasurer

Mr. Hogan also serves as an officer of other funds. Mr. Hogan is a Vice President (2016-present) and is an employee of Fidelity Investments. Mr. Hogan serves as Assistant Treasurer of certain Fidelity entities. 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 is Co-Head of Equity (2018-present) and is an employee of Fidelity Investments. 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).

Chris Maher (1972)

Year of Election or Appointment: 2020

Deputy Treasurer

Mr. Maher also serves as an officer of other funds. Mr. Maher is a Vice President (2008-present) and is an employee of Fidelity Investments. Mr. Maher serves as Assistant Treasurer of certain Fidelity entities. Previously, Mr. Maher served as Assistant Treasurer of certain funds (2013-2020).

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 (2020-present) and is an employee of Fidelity Investments. Mr. Pogorelec serves as Compliance Officer of Fidelity Management & Research Company LLC (investment adviser firm, 2023-present) and Ballyrock Investment Advisors LLC (2023-present). Previously, Mr. Pogorelec served as a 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 AML Officer of other funds. Mr. Segaloff is a Vice President (2022-present) and is an employee of Fidelity Investments. Mr. Segaloff serves as Anti Money Laundering Compliance Officer or Anti Money Laundering/Bank Secrecy Act Compliance Officer of certain Fidelity entities.

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 is a Senior Vice President (2016-present) and is an employee of Fidelity Investments. Ms. Smith serves as Assistant Treasurer of certain Fidelity entities and has served in other fund officer roles.

Jim Wegmann (1979)

Year of Election or Appointment: 2019

Assistant Treasurer

Mr. Wegmann also serves as an officer of other funds. Mr. Wegmann is a Vice President (2016-present) and is an employee of Fidelity Investments. Mr. Wegmann serves as Assistant Treasurer of FIMM, LLC (2021-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, 2023 to October 31, 2023).

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, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023
Fidelity Advisor® Global Equity Income Fund
Class A	1.30%
Actual		$ 1,000	$ 953.80	$ 6.40
Hypothetical-B		$ 1,000	$ 1,018.65	$ 6.61
Class M	1.55%
Actual		$ 1,000	$ 952.00	$ 7.63
Hypothetical-B		$ 1,000	$ 1,017.39	$ 7.88
Class C	2.04%
Actual		$ 1,000	$ 950.30	$ 10.03
Hypothetical-B		$ 1,000	$ 1,014.92	$ 10.36
Class I	1.04%
Actual		$ 1,000	$ 955.10	$ 5.13
Hypothetical-B		$ 1,000	$ 1,019.96	$ 5.30
Class Z	.90%
Actual		$ 1,000	$ 955.30	$ 4.44
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

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.

A total of 0.17% 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.

Class A designates 100%, 100%, 92%, and 100%; Class M designates 100%, 100%, 100%, and 100%; Class C designates 100%, -%, 100%, and -%; Class I designates 100%, 86%, 83%, and 82%; and Class Z designates 100%, 80%, 83% and 82%; 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 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 fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor Global Equity Income Fund

Each year, the Board of Trustees, including the Independent Trustees (together, the Board), considers the renewal of the fund's 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, acting directly and through its Committees (each of which is composed of and chaired by Independent Trustees), 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.

Approval of Stub Period Continuation. At its May 2023 meeting, the Board of Trustees voted to continue the fund's management contract with FMR, and the sub-advisory agreements and sub-sub-advisory agreements, in each case, where applicable (together, the Advisory Contracts), without modification, for two months from June 1, 2023 through July 31, 2023. The Board considered that the approval of the fund's Advisory Contracts will not result in any changes in (i) the investment process or strategies employed in the management of the fund's assets; (ii) the fees and expenses paid by shareholders; (iii) the nature, extent or quality of services provided under the fund's Advisory Contracts; or (iv) the day-to-day management of the fund or the persons primarily responsible for such management. The Board also considered that since its last approval of the fund's Advisory Contracts, FMR had provided additional information on the fund in support of the annual contract renewal process, including competitive analyses on total expenses and management fees and in-depth reviews of fund performance and fund profitability information. The Board concluded that the fund's Advisory Contracts are fair and reasonable, and that the fund's Advisory Contracts should be renewed, without modification, through July 31, 2023, with the understanding that the Board would consider the annual renewal for a full one year period in July 2023.

At its July 2023 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, which was selected because it was the largest class without 12b-1 fees); (iii) the total costs of the services provided by and the profits realized by FMR and its affiliates (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. The Board also considered the broad range of investment choices available to shareholders from FMR's competitors and that the fund's shareholders have chosen to invest in the fund, which is part of the Fidelity family of funds. The Board's decision to renew the Advisory Contracts was not based on any single factor.

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 in light of all of the surrounding circumstances.

Nature, Extent, and Quality of Services Provided. The Board considered staffing as it relates to the fund, including the backgrounds and experience of investment personnel of the Investment Advisers, and also considered the Investment Advisers' implementation of the fund's investment program. 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.

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 Fidelity's supervision of third party service providers, principally custodians, subcustodians, and pricing vendors; and (iii) the resources devoted by Fidelity 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 also considered the fund's securities lending activities and any payments made to Fidelity relating to securities lending.

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 fund that is part of a large family of funds offering a variety of investment disciplines and providing a large variety of 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 and/or the Fidelity funds in general.

Investment Performance. The Board took into account discussions that occur with representatives of the Investment Advisers, and reports that it receives, at Board meetings throughout the year, relating to 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 considered 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 considered information about performance attribution. In its ongoing evaluation of fund investment performance, the Board gives particular attention to information indicating changes in performance of the funds over different 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. The Independent Trustees generally give greater weight to fund performance over longer time periods than over shorter time periods. Depending on the circumstances, the Independent Trustees may be satisfied with a fund's performance notwithstanding that it lags its benchmark index or peer group for certain periods.

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 was provided with information regarding industry trends in management fees and expenses. In its review of the fund's management fee and the total expense ratio of 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 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.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to the fund (referred to as the "asset size peer group"); (iii) total expense comparisons of Class I of the fund relative to funds and classes in the mapped group that have a similar sales load structure to Class I of the fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of Class I of the fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to the fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The information provided to the Board indicated that the fund's management fee rate ranked below the competitive median of the mapped group for the 12-month period ended September 30, 2022 and below the competitive median of the asset size peer group for the 12-month period ended September 30, 2022. Further, the information provided to the Board indicated that the total expense ratio of Class I of the fund ranked above the competitive median of the similar sales load structure group for the 12-month period ended September 30, 2022 and above the competitive median of the total expense asset size peer group for the 12-month period ended September 30, 2022. 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 2022.

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 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 from certain funds to certain collective investment trusts.

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, 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. Further, 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 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 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 and competitor use of performance fees; (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.

Conclusion. Based on its evaluation of all of the conclusions noted above, and after considering all factors it believed relevant, the Board, including the Independent Trustees, concluded that the advisory and sub-advisory fee arrangements are fair and reasonable in light of all of the surrounding circumstances and that the fund's Advisory Contracts should be renewed through July 31, 2024.

1.938151.111

AGED-ANN-1223

Fidelity Advisor® Focused Emerging Markets Fund

Annual Report

October 31, 2023

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

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, 2023	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	6.12%	3.51%	2.63%
Class M (incl. 3.50% sales charge)	8.37%	3.70%	2.59%
Class C (incl. contingent deferred sales charge)	10.69%	3.93%	2.61%
Class I	12.92%	5.07%	3.58%
Class Z	13.10%	5.21%	3.73%

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® Focused Emerging Markets Fund - Class A, a class of the fund, on October 31, 2013, 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:

International (non-U.S.) equities gained 12.27% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -15.86% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 14.07% year to date through July, including strong gains in both June (+4.50%) and July (+4.07%). The rally for international equities sputtered for the next three months (-11.33%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds and particularly weak economic conditions in the eurozone and China. The three-month decline left non-U.S. stocks up 1.15% year to date through October. Currency fluctuation also helped bolster non-U.S. equity performance overall. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin. Each of the 11 sectors advanced, with information technology (+21%) and consumer discretionary (+19%) leading the way. Energy and industrials each rose about 14%. Conversely, four defensive-oriented sectors lagged by the widest margin: real estate (+4%), health care (+6%), consumer staples (+7%) and utilities (+8%).

Comments from Portfolio Manager Sam Polyak:

For the fiscal year ending October 31, 2023, the fund's share classes (excluding sales charges, if applicable) gained about 12% to 13%, versus 10.84% for the benchmark MSCI Emerging Markets (Net MA) Index. From a regional standpoint, a sizable underweight in the Middle East - primarily Saudi Arabia - along with security selection in Emerging Asia, India and South Korea in particular, contributed to the fund's performance versus the benchmark. By sector, picks among communication services and financials stocks helped most. Investment choices in energy further boosted relative performance. The portfolio's underweight in utilities proved beneficial as well. The top individual relative contributor was a meaningful overweight in Tencent Holdings (+49%), one of the fund's top holdings at period end. A second notable relative contributor was an outsized stake in POSCO (+126%), a stock that was no longer held on October 31. A larger-than-benchmark position in National Bank of Greece (+58%) also contributed. The stock was among the fund's biggest holdings this period. In contrast, from a regional standpoint, stock selection in Africa, primarily South Africa, and in China detracted from the portfolio's relative return. On a sector-specific basis, the biggest detractor from performance versus the benchmark was security selection in consumer discretionary. Also pressuring relative performance were an underweight in energy and an overweight in industrials, primarily within the capital goods industry. Lastly, the fund's position in cash was a notable detractor these past 12 months. The largest individual relative detractor was an overweight in Impala Platinum Holdings (-58%) where we increased our investment this period. Another noteworthy relative detractor was an overweight in Meituan (-12%), one of the portfolio's larger holdings. An outsized position in Li Ning (-40%) also hurt. Notable changes in positioning include increased exposure to equity markets in Brazil and a lower allocation to South Korea. By sector, meaningful shifts include decreased exposure to energy and a higher allocation to consumer staples stocks.

Investment Summary October 31, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Tencent Holdings Ltd. (China, Interactive Media & Services)	9.0
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	9.0
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals)	7.7
HDFC Bank Ltd. (India, Banks)	4.4
Meituan Class B (China, Hotels, Restaurants & Leisure)	3.8
Alibaba Group Holding Ltd. (China, Broadline Retail)	3.1
Haier Smart Home Co. Ltd. (A Shares) (China, Household Durables)	3.1
China Life Insurance Co. Ltd. (H Shares) (China, Insurance)	2.9
Barrick Gold Corp. (Canada, Metals & Mining)	2.7
Itau Unibanco Holding SA (Brazil, Banks)	2.2
	47.9

Market Sectors (% of Fund's net assets)

Financials	19.6
Consumer Discretionary	18.8
Information Technology	18.2
Materials	10.7
Industrials	10.7
Communication Services	10.6
Consumer Staples	5.8
Health Care	3.2
Energy	1.7

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 adjusted for the effect of derivatives, if applicable.

Schedule of Investments October 31, 2023

Showing Percentage of Net Assets

Common Stocks - 94.3%
	Shares	Value ($)
Brazil - 4.5%
Localiza Rent a Car SA	4,058,282	40,947,053
Localiza Rent a Car SA rights 11/10/23 (a)	36,284	50,377
Raia Drogasil SA	7,624,700	39,017,655
Suzano Papel e Celulose SA	5,306,800	54,281,088
XP, Inc. Class A	1,505,000	30,100,000
TOTAL BRAZIL		164,396,173
Canada - 2.7%
Barrick Gold Corp.	6,302,400	100,712,352
Chile - 1.7%
Antofagasta PLC	3,832,800	62,657,857
China - 35.1%
Alibaba Group Holding Ltd. (a)	11,140,500	114,692,328
China Life Insurance Co. Ltd. (H Shares)	79,924,000	108,248,974
Haier Smart Home Co. Ltd. (A Shares)	37,722,499	114,638,443
Hansoh Pharmaceutical Group Co. Ltd. (b)	36,088,000	67,899,329
Industrial & Commercial Bank of China Ltd. (H Shares)	136,731,000	65,527,616
Kweichow Moutai Co. Ltd. (A Shares)	345,002	79,472,671
Meituan Class B (a)(b)	9,781,440	138,652,050
New Oriental Education & Technology Group, Inc. (a)	8,374,600	54,602,705
PDD Holdings, Inc. ADR (a)	753,500	76,419,970
Shangri-La Asia Ltd. (a)	31,476,000	20,080,983
Shenzhen Inovance Technology Co. Ltd. (A Shares)	9,041,308	74,751,842
Tencent Holdings Ltd.	8,993,900	332,853,056
Tsingtao Brewery Co. Ltd. (H Shares)	6,652,510	50,449,502
TOTAL CHINA		1,298,289,469
Greece - 1.8%
National Bank of Greece SA (a)	11,817,221	67,520,528
Hong Kong - 0.7%
Pacific Basin Shipping Ltd.	93,771,000	27,134,858
Hungary - 1.4%
Richter Gedeon PLC	2,235,908	52,425,870
India - 12.3%
Axis Bank Ltd.	4,790,100	56,505,490
Bharat Heavy Electricals Ltd.	31,513,500	45,761,536
HDFC Bank Ltd.	9,182,696	162,894,282
Larsen & Toubro Ltd.	1,312,045	46,158,328
Shree Cement Ltd.	173,583	53,484,598
Solar Industries India Ltd.	768,850	50,774,265
Zomato Ltd. (a)	31,620,156	39,982,084
TOTAL INDIA		455,560,583
Korea (South) - 12.5%
Hyundai Mipo Dockyard Co. Ltd. (a)	786,292	40,459,476
Hyundai Motor Co. Ltd.	489,140	61,532,542
Korea Aerospace Industries Ltd.	2,265,658	74,440,317
Samsung Electronics Co. Ltd.	5,734,501	285,010,966
TOTAL KOREA (SOUTH)		461,443,301
Mexico - 2.2%
Grupo Financiero Banorte S.A.B. de CV Series O	4,314,900	35,018,923
Wal-Mart de Mexico SA de CV Series V	12,826,600	45,909,396
TOTAL MEXICO		80,928,319
Peru - 1.6%
Credicorp Ltd. (United States)	474,400	59,281,024
Russia - 0.3%
LUKOIL PJSC sponsored ADR (a)(c)	782,000	221,220
Sberbank of Russia sponsored ADR (a)(c)	3,242,100	57,709
Yandex NV Series A (a)(c)	798,300	8,701,470
TOTAL RUSSIA		8,980,399
South Africa - 3.9%
Absa Group Ltd.	6,415,400	58,489,860
Impala Platinum Holdings Ltd.	8,015,900	33,390,968
MTN Group Ltd.	10,755,192	52,502,072
TOTAL SOUTH AFRICA		144,382,900
Taiwan - 13.6%
ECLAT Textile Co. Ltd.	4,297,000	68,339,424
HIWIN Technologies Corp.	7,596,159	45,998,352
Taiwan Semiconductor Manufacturing Co. Ltd.	20,380,554	332,609,420
Yageo Corp.	3,487,237	56,810,536
TOTAL TAIWAN		503,757,732
TOTAL COMMON STOCKS (Cost $3,820,625,993)		3,487,471,365

Nonconvertible Preferred Stocks - 5.0%
	Shares	Value ($)
Brazil - 5.0%
Gerdau SA sponsored ADR	9,811,300	42,581,042
Itau Unibanco Holding SA	15,102,680	80,339,937
Petroleo Brasileiro SA - Petrobras sponsored ADR	4,206,878	63,103,170

TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $162,871,016)		186,024,149

Money Market Funds - 0.6%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (d) (Cost $21,497,428)	21,493,130	21,497,428

TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $4,004,994,437)	3,694,992,942
NET OTHER ASSETS (LIABILITIES) - 0.1%	3,079,189
NET ASSETS - 100.0%	3,698,072,131

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 $206,551,379 or 5.6% 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 5.40%	6,565,053	2,006,881,591	1,991,949,216	4,474,626	-	-	21,497,428	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	-	234,102,701	234,102,701	120,870	-	-	-	0.0%
Total	6,565,053	2,240,984,292	2,226,051,917	4,595,496	-	-	21,497,428

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

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

Equities:
Communication Services	394,056,598	52,502,072	332,853,056	8,701,470
Consumer Discretionary	688,940,529	76,419,970	612,520,559	-
Consumer Staples	214,849,224	84,927,051	129,922,173	-
Energy	63,324,390	63,103,170	-	221,220
Financials	723,984,343	330,750,272	393,176,362	57,709
Health Care	120,325,199	52,425,870	67,899,329	-
Industrials	395,702,139	40,997,430	354,704,709	-
Information Technology	674,430,922	-	674,430,922	-
Materials	397,882,170	260,232,339	137,649,831	-

Money Market Funds	21,497,428	21,497,428	-	-
Total Investments in Securities:	3,694,992,942	982,855,602	2,703,156,941	8,980,399

Financial Statements

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $3,983,497,009)	$	3,673,495,514
Fidelity Central Funds (cost $21,497,428)		21,497,428


Total Investment in Securities (cost $4,004,994,437)			$	3,694,992,942
Foreign currency held at value (cost $7,559)				7,504
Receivable for investments sold				12,712,888
Receivable for fund shares sold				7,648,990
Dividends receivable				6,503,857
Distributions receivable from Fidelity Central Funds				405,572
Prepaid expenses				4,597
Other receivables				393,855
Total assets				3,722,670,205
Liabilities
Payable for investments purchased	$	2,144,807
Payable for fund shares redeemed		10,110,390
Accrued management fee		2,477,748
Distribution and service plan fees payable		57,225
Other affiliated payables		494,647
Deferred taxes		8,808,147
Other payables and accrued expenses		505,110
Total Liabilities				24,598,074
Net Assets			$	3,698,072,131
Net Assets consist of:
Paid in capital			$	4,276,046,612
Total accumulated earnings (loss)				(577,974,481)
Net Assets			$	3,698,072,131

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($130,156,250 ÷ 5,088,462 shares)(a)			$	25.58
Maximum offering price per share (100/94.25 of $25.58)			$	27.14
Class M :
Net Asset Value and redemption price per share ($29,401,629 ÷ 1,163,895 shares)(a)			$	25.26
Maximum offering price per share (100/96.50 of $25.26)			$	26.18
Class C :
Net Asset Value and offering price per share ($19,041,329 ÷ 803,692 shares)(a)			$	23.69
Class I :
Net Asset Value, offering price and redemption price per share ($2,063,159,035 ÷ 80,122,234 shares)			$	25.75
Class Z :
Net Asset Value, offering price and redemption price per share ($1,456,313,888 ÷ 56,651,484 shares)			$	25.71
(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, 2023
Investment Income
Dividends			$	84,974,378
Non-Cash dividends				10,384,761
Income from Fidelity Central Funds (including $120,870 from security lending)				4,595,496
Income before foreign taxes withheld			$	99,954,635
Less foreign taxes withheld				(9,350,034)
Total Income				90,604,601
Expenses
Management fee	$	22,975,678
Transfer agent fees		3,437,964
Distribution and service plan fees		744,203
Accounting fees		1,209,076
Custodian fees and expenses		597,132
Independent trustees' fees and expenses		14,924
Registration fees		283,810
Audit		96,135
Legal		2,672
Miscellaneous		11,850
Total expenses before reductions		29,373,444
Expense reductions		(190,506)
Total expenses after reductions				29,182,938
Net Investment income (loss)				61,421,663
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $4,734,636)		(121,789,482)
Foreign currency transactions		(1,409,498)
Total net realized gain (loss)				(123,198,980)
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,222,865)		170,269,046
Assets and liabilities in foreign currencies		(84,656)
Total change in net unrealized appreciation (depreciation)				170,184,390
Net gain (loss)				46,985,410
Net increase (decrease) in net assets resulting from operations			$	108,407,073

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	61,421,663	$	46,613,538
Net realized gain (loss)		(123,198,980)		(174,498,539)
Change in net unrealized appreciation (depreciation)		170,184,390		(692,484,030)
Net increase (decrease) in net assets resulting from operations		108,407,073		(820,369,031)
Distributions to shareholders		(23,514,660)		(103,925,954)

Share transactions - net increase (decrease)		1,894,591,299		576,650,941
Total increase (decrease) in net assets		1,979,483,712		(347,644,044)

Net Assets
Beginning of period		1,718,588,419		2,066,232,463
End of period	$	3,698,072,131	$	1,718,588,419

Financial Highlights

Fidelity Advisor® Focused Emerging Markets Fund Class A

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	22.89	$	36.01	$	30.73	$	26.18	$	24.48
Income from Investment Operations
Net investment income (loss) A,B		.47 C		.59		.31		.15		.44 D
Net realized and unrealized gain (loss)		2.42		(12.07)		5.64		4.48		4.26
Total from investment operations		2.89		(11.48)		5.95		4.63		4.70
Distributions from net investment income		(.20)		(.52)		(.05)		(.08)		(.06) E
Distributions from net realized gain		-		(1.12)		(.62)		-		(2.94) E
Total distributions		(.20)		(1.64)		(.67)		(.08)		(3.00)
Net asset value, end of period	$	25.58	$	22.89	$	36.01	$	30.73	$	26.18
Total Return F,G		12.59%		(33.30)%		19.43%		17.71%		19.42%
Ratios to Average Net Assets A,H,I
Expenses before reductions		1.33%		1.34%		1.32%		1.39%		1.41%
Expenses net of fee waivers, if any		1.33%		1.34%		1.32%		1.39%		1.41%
Expenses net of all reductions		1.33%		1.34%		1.32%		1.36%		1.39%
Net investment income (loss)		1.72% C		1.99%		.83%		.54%		1.62% D
Supplemental Data
Net assets, end of period (000 omitted)	$	130,156	$	117,404	$	191,955	$	150,749	$	144,062
Portfolio turnover rate J		33%		63%		51%		66%		166% K

ANet 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.

BCalculated based on average shares outstanding during the period.

CNet investment income per share reflects one or more large, non-recurring dividend(s) which amounted to $.10 per share. Excluding such non-recurring dividend(s), the ratio of net investment income (loss) to average net assets would have been 1.37%.

DNet 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%.

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

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

GTotal returns do not include the effect of the sales charges.

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

KPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class M

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	22.60	$	35.56	$	30.36	$	25.86	$	24.25
Income from Investment Operations
Net investment income (loss) A,B		.39 C		.50		.20		.07		.36 D
Net realized and unrealized gain (loss)		2.40		(11.94)		5.58		4.43		4.20
Total from investment operations		2.79		(11.44)		5.78		4.50		4.56
Distributions from net investment income		(.13)		(.41)		-		-		(.02) E
Distributions from net realized gain		-		(1.12)		(.58)		-		(2.93) E
Total distributions		(.13)		(1.52) F		(.58)		-		(2.95)
Net asset value, end of period	$	25.26	$	22.60	$	35.56	$	30.36	$	25.86
Total Return G,H		12.30%		(33.50)%		19.10%		17.40%		19.03%
Ratios to Average Net Assets B,I,J
Expenses before reductions		1.60%		1.62%		1.61%		1.68%		1.70%
Expenses net of fee waivers, if any		1.60%		1.62%		1.60%		1.67%		1.70%
Expenses net of all reductions		1.59%		1.62%		1.60%		1.64%		1.68%
Net investment income (loss)		1.45% C		1.71%		.55%		.25%		1.33% D
Supplemental Data
Net assets, end of period (000 omitted)	$	29,402	$	28,497	$	48,494	$	42,509	$	45,310
Portfolio turnover rate K		33%		63%		51%		66%		166% L

ACalculated based on average shares outstanding during the period.

CNet 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 1.10%.

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

FTotal distributions per share do not sum due to rounding.

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

HTotal returns do not include the effect of the sales charges.

IFees 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.

JExpense 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.

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

LPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class C

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	21.21	$	33.42	$	28.57	$	24.46	$	23.18
Income from Investment Operations
Net investment income (loss) A,B		.24 C		.33		.01		(.06)		.22 D
Net realized and unrealized gain (loss)		2.24		(11.21)		5.27		4.17		4.02
Total from investment operations		2.48		(10.88)		5.28		4.11		4.24
Distributions from net investment income		-		(.21)		-		-		(.02) E
Distributions from net realized gain		-		(1.12)		(.43)		-		(2.94) E
Total distributions		-		(1.33)		(.43)		-		(2.96)
Net asset value, end of period	$	23.69	$	21.21	$	33.42	$	28.57	$	24.46
Total Return F,G		11.69%		(33.82)%		18.52%		16.80%		18.48%
Ratios to Average Net Assets B,H,I
Expenses before reductions		2.10%		2.12%		2.11%		2.18%		2.20%
Expenses net of fee waivers, if any		2.10%		2.12%		2.11%		2.17%		2.20%
Expenses net of all reductions		2.10%		2.12%		2.11%		2.14%		2.17%
Net investment income (loss)		.95% C		1.21%		.04%		(.25)%		.83% D
Supplemental Data
Net assets, end of period (000 omitted)	$	19,041	$	19,733	$	37,777	$	35,268	$	41,615
Portfolio turnover rate J		33%		63%		51%		66%		166% K

ACalculated based on average shares outstanding during the period.

DNet 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)%.

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

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

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

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

KPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class I

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	23.06	$	36.27	$	30.94	$	26.34	$	24.65
Income from Investment Operations
Net investment income (loss) A,B		.56 C		.66		.42		.24		.54 D
Net realized and unrealized gain (loss)		2.43		(12.12)		5.67		4.51		4.26
Total from investment operations		2.99		(11.46)		6.09		4.75		4.80
Distributions from net investment income		(.30)		(.63)		(.15)		(.15)		(.17) E
Distributions from net realized gain		-		(1.12)		(.62)		-		(2.94) E
Total distributions		(.30)		(1.75)		(.76) F		(.15)		(3.11)
Net asset value, end of period	$	25.75	$	23.06	$	36.27	$	30.94	$	26.34
Total Return G		12.92%		(33.08)%		19.77%		18.13%		19.78%
Ratios to Average Net Assets B,H,I
Expenses before reductions		1.02%		1.03%		1.03%		1.06%		1.09%
Expenses net of fee waivers, if any		1.01%		1.03%		1.03%		1.06%		1.09%
Expenses net of all reductions		1.01%		1.03%		1.03%		1.03%		1.06%
Net investment income (loss)		2.04% C		2.31%		1.13%		.86%		1.94% D
Supplemental Data
Net assets, end of period (000 omitted)	$	2,063,159	$	696,741	$	660,307	$	312,731	$	288,485
Portfolio turnover rate J		33%		63%		51%		66%		166% K

ACalculated based on average shares outstanding during the period.

DNet 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%.

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

FTotal distributions per share do not sum due to rounding.

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

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

KPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Focused Emerging Markets Fund Class Z

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	23.01	$	36.21	$	30.89	$	26.33	$	24.65
Income from Investment Operations
Net investment income (loss) A,B		.59 C		.71		.47		.28		.57 D
Net realized and unrealized gain (loss)		2.44		(12.11)		5.66		4.50		4.26
Total from investment operations		3.03		(11.40)		6.13		4.78		4.83
Distributions from net investment income		(.33)		(.68)		(.20)		(.22)		(.21) E
Distributions from net realized gain		-		(1.12)		(.62)		-		(2.94) E
Total distributions		(.33)		(1.80)		(.81) F		(.22)		(3.15)
Net asset value, end of period	$	25.71	$	23.01	$	36.21	$	30.89	$	26.33
Total Return G		13.10%		(33.01)%		19.94%		18.29%		19.93%
Ratios to Average Net Assets B,H,I
Expenses before reductions		.89%		.90%		.90%		.94%		.95%
Expenses net of fee waivers, if any		.88%		.90%		.90%		.93%		.95%
Expenses net of all reductions		.88%		.90%		.90%		.90%		.92%
Net investment income (loss)		2.16% C		2.43%		1.25%		.99%		2.09% D
Supplemental Data
Net assets, end of period (000 omitted)	$	1,456,314	$	856,213	$	1,127,699	$	542,418	$	90,032
Portfolio turnover rate J		33%		63%		51%		66%		166% K

ACalculated based on average shares outstanding during the period.

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

FTotal distributions per share do not sum due to rounding.

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

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

KPortfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2023

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. Class A, Class M, Class C, Class I and Class Z are Fidelity Advisor classes. 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 RatioA
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. Large, non-recurring dividends recognized by the Fund are presented separately on the Statement of Operations in "Non-cash dividends" and the impact of these dividends is presented in the Financial Highlights. 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, 2023, 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.

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.

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	$308,940,669
Gross unrealized depreciation	(667,813,404)
Net unrealized appreciation (depreciation)	$(358,872,735)
Tax Cost	$4,053,865,677

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

Undistributed ordinary income	$53,021,779
Capital loss carryforward	$(263,259,018)
Net unrealized appreciation (depreciation) on securities and other investments	$(358,929,092)

Short-term	$(158,619,457)
Long-term	(104,639,561)
Total capital loss carryforward	$(263,259,018)

The tax character of distributions paid was as follows:

	October 31, 2023	October 31, 2022
Ordinary Income	$23,514,660	$ 37,764,731
Long-term Capital Gains	-	66,161,223
Total	$23,514,660	$ 103,925,954

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	2,856,190,390	942,304,039

5. Fees and Other Transactions with Affiliates.

	Distribution Fee	Service Fee	Total Fees	Retained by FDC
Class A	- %	.25%	$356,930	$6,888
Class M	.25%	.25%	165,704	601
Class C	.75%	.25%	221,569	25,133
			$744,203	$32,622

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

	Retained by FDC
Class A	$ 23,168
Class M	1,932
Class CA	249
	$25,349

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	$ 335,817	.24
Class M	84,562	.26
Class C	56,672	.26
Class I	2,388,823	.17
Class Z	572,090	.04
	$3,437,964

During November 2023, the Board approved a change in the transfer agent fees effective December 1, 2023 to a fixed annual rate of class-level average net assets as follows:

	% of Class-Level Average Net Assets
Class A	0.2000%
Class M	0.2000%
Class C	0.2000%
Class I	0.1658%

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

During November 2023, the Board approved a change in the accounting fees effective December 1, 2023 to a fixed annual rate of average net assets as follows:

	% of Average Net Assets
Fidelity Advisor Focused Emerging Markets Fund	0.0409%

	Amount
Fidelity Advisor Focused Emerging Markets Fund	$ 9,756

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor Focused Emerging Markets Fund	64,831,086	13,656,911	(3,294,066)

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

	Amount ($)
Fidelity Advisor Focused Emerging Markets Fund	2,748

6. Committed Line of Credit.

	Amount
Fidelity Advisor Focused Emerging Markets Fund	$4,992

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	$13,131	$-	$-

8. Expense Reductions.

Through arrangements with the Fund's custodian and each class' transfer agent, 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 $4,227. During the period, transfer agent credits reduced each class' expenses as noted in the table below.

	Expense reduction

Class M	$816

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 $185,463.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2023	Year ended October 31, 2022
Fidelity Advisor Focused Emerging Markets Fund
Distributions to shareholders
Class A	$ 1,026,327	$8,660,415
Class M	156,866	2,051,478
Class C	-	1,462,486
Class I	9,611,585	31,181,994
Class Z	12,719,882	60,569,581
Total	$23,514,660	$103,925,954

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, 2023	Year ended October 31, 2022	Year ended October 31, 2023	Year ended October 31, 2022
Fidelity Advisor Focused Emerging Markets Fund
Class A
Shares sold	1,139,512	732,604	$31,480,973	$21,550,619
Reinvestment of distributions	37,305	253,984	1,002,465	8,427,188
Shares redeemed	(1,217,283)	(1,188,006)	(33,144,535)	(34,900,722)
Net increase (decrease)	(40,466)	(201,418)	$(661,097)	$(4,922,915)
Class M
Shares sold	87,737	100,139	$2,388,915	$3,004,711
Reinvestment of distributions	5,728	60,785	152,271	1,996,161
Shares redeemed	(190,279)	(263,943)	(5,187,284)	(7,829,465)
Net increase (decrease)	(96,814)	(103,019)	$(2,646,098)	$(2,828,593)
Class C
Shares sold	141,189	137,110	$3,648,827	$3,891,163
Reinvestment of distributions	-	46,491	-	1,438,907
Shares redeemed	(268,014)	(383,630)	(6,759,598)	(10,688,130)
Net increase (decrease)	(126,825)	(200,029)	$(3,110,771)	$(5,358,060)
Class I
Shares sold	67,051,000	27,816,024	$1,830,571,553	$802,198,610
Reinvestment of distributions	286,193	853,376	7,724,700	28,434,488
Shares redeemed	(17,433,766)	(16,656,406)	(475,311,650)	(483,134,283)
Net increase (decrease)	49,903,427	12,012,994	$1,362,984,603	$347,498,815
Class Z
Shares sold	44,675,967	98,299,666	$1,215,199,674	$2,794,348,582
Reinvestment of distributions	177,977	617,102	4,789,905	20,493,941
Shares redeemed	(25,413,754)	(92,852,372)	(681,964,917)	(2,572,580,829)
Net increase (decrease)	19,440,190	6,064,396	$538,024,662	$242,261,694

11. Other.

12. 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, 2023, 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, 2023, 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, 2023, 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, 2023

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

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

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Member of the Advisory Board

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

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

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

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

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, 2023 to October 31, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023
Fidelity Advisor® Focused Emerging Markets Fund
Class A	1.32%
Actual		$ 1,000	$ 931.20	$ 6.43
Hypothetical-B		$ 1,000	$ 1,018.55	$ 6.72
Class M	1.58%
Actual		$ 1,000	$ 930.00	$ 7.69
Hypothetical-B		$ 1,000	$ 1,017.24	$ 8.03
Class C	2.08%
Actual		$ 1,000	$ 927.60	$ 10.11
Hypothetical-B		$ 1,000	$ 1,014.72	$ 10.56
Class I	1.01%
Actual		$ 1,000	$ 932.60	$ 4.92
Hypothetical-B		$ 1,000	$ 1,020.11	$ 5.14
Class Z	.88%
Actual		$ 1,000	$ 933.60	$ 4.29
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 designates $406,330 of distributions paid during the fiscal year ended 2023 as qualifying to be taxed as section 163(j) interest dividends.

A percentage of the dividends distributed during the fiscal year for the following funds may be taken into account as a dividend for purposes of the maximum rate under section 1(h)(11) of the Internal Revenue Code.

	Class A	Class M	Class I	Class Z
Fidelity Advisor Focused Emerging Markets Fund
December 9, 2022	100%	100%	99.88%	94.42%
December 28, 2022	86.56%	86.56%	86.56%	86.56%

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	12/12/2022	$0.3126	$0.1266
Class A	12/29/2022	$0.0160	$0.0000
Class M	12/12/2022	$0.2356	$0.1266
Class M	12/29/2022	$0.0160	$0.0000
Class I	12/12/2022	$0.4146	$0.1266
Class I	12/29/2022	$0.0160	$0.0000
Class Z	12/12/2022	$0.4386	$0.1266
Class Z	12/29/2022	$0.0160	$0.0000

The fund will notify shareholders in January 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

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.

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.

1.809299.119

FAEM-ANN-1223

Fidelity Advisor® International Capital Appreciation Fund

Annual Report

October 31, 2023

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

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, 2023	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	8.99%	5.63%	5.30%
Class M (incl. 3.50% sales charge)	11.33%	5.86%	5.28%
Class C (incl. contingent deferred sales charge)	13.74%	6.08%	5.29%
Class I	15.93%	7.17%	6.20%
Class Z	16.12%	7.31%	6.30%

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, a class of the fund, on October 31, 2013, 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:

Comments from Portfolio Manager Sammy Simnegar:

For the fiscal year ending October 31, 2023, the fund's share classes (excluding sales charges, if applicable) gained about 15% to 16%, versus 12.27% for the benchmark MSCI All Country World ex USA (Net MA) Index. From a regional standpoint, stock picks and an overweight in Europe ex the U.K., along with positioning in emerging markets and Canada, aided the fund's performance versus the benchmark. By sector, investment choices in consumer discretionary contributed most. Picks among health care stocks, primarily within the pharmaceuticals, biotechnology & life sciences industry, also boosted relative performance. Further helping the portfolio's relative result was a sizable overweight in information technology, especially in the semiconductors & semiconductor equipment category. The top individual relative contributor was an overweight stake in ASM International (+85%), followed by outsized exposure to Novo-Nordisk (+78%), one of our biggest holdings this period. A larger-than-benchmark position in Ferrari (+55%) was another plus. In contrast, on a regional basis, stock selection and a notable underweight in Japan, in addition to subpar picks and an overweight in the U.K., detracted from the fund's relative result. By sector, the biggest detractor from performance versus the benchmark was investment choices in information technology, primarily within the technology hardware & equipment industry. Picks among industrials and financials stocks also hurt. The fund's stake in Brookfield returned approximately -28% and was the largest individual relative detractor. A non-benchmark stake in SolarEdge Technologies (-19%) pressured relative performance as well. Untimely ownership of Siemens (-20%) also detracted. Neither SolarEdge Technologies nor Siemens was held by the fund at period end. Notable changes in positioning include increased exposure to equity markets in India and a lower allocation to Switzerland. By sector, meaningful changes in positioning include increased exposure to financials and materials.

Investment Summary October 31, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment)	3.2
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals)	3.0
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	2.7
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	2.4
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	2.3
L'Oreal SA (France, Personal Care Products)	2.0
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services)	1.9
Dassault Systemes SA (France, Software)	1.8
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components)	1.8
Air Liquide SA (France, Chemicals)	1.8
	22.9

Market Sectors (% of Fund's net assets)

Information Technology	22.9
Industrials	21.8
Financials	18.1
Consumer Discretionary	13.8
Health Care	8.1
Materials	7.8
Consumer Staples	5.3

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 adjusted for the effect of derivatives, if applicable.

Schedule of Investments October 31, 2023

Showing Percentage of Net Assets

Common Stocks - 97.8%
	Shares	Value ($)
Brazil - 1.4%
MercadoLibre, Inc. (a)	66,425	82,416,155
Canada - 10.7%
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	1,867,373	101,653,498
Brookfield Asset Management Ltd. Class A	2,536,192	72,712,625
Canadian National Railway Co.	807,273	85,416,382
Canadian Pacific Kansas City Ltd.	1,284,445	91,196,290
CGI, Inc. Class A (sub. vtg.) (a)	766,640	74,013,170
Constellation Software, Inc.	50,128	100,491,322
Constellation Software, Inc. warrants 8/22/28 (a)(b)	50,717	4
Thomson Reuters Corp. (c)	717,297	85,920,465
TOTAL CANADA		611,403,756
China - 1.6%
PDD Holdings, Inc. ADR (a)	914,369	92,735,304
Denmark - 4.5%
DSV A/S	602,975	89,928,010
Novo Nordisk A/S Series B	1,762,719	170,060,494
TOTAL DENMARK		259,988,504
France - 12.9%
Air Liquide SA	597,727	102,421,868
Capgemini SA	512,778	90,622,636
Dassault Systemes SA	2,539,448	104,608,421
Hermes International SCA	52,335	97,439,017
L'Oreal SA	267,477	112,428,799
LVMH Moet Hennessy Louis Vuitton SE	195,479	139,949,392
Safran SA	579,394	90,512,668
TOTAL FRANCE		737,982,801
Germany - 2.3%
Infineon Technologies AG	2,891,770	84,469,239
SAP SE	352,890	47,333,959
TOTAL GERMANY		131,803,198
India - 9.6%
Axis Bank Ltd.	6,788,722	80,081,849
HCL Technologies Ltd.	6,378,375	97,805,179
HDFC Bank Ltd.	5,530,837	98,112,986
ICICI Bank Ltd.	8,973,120	98,691,157
ITC Ltd.	16,125,357	82,981,260
Larsen & Toubro Ltd.	2,629,726	92,514,934
TOTAL INDIA		550,187,365
Indonesia - 1.5%
PT Bank Central Asia Tbk	158,663,669	87,411,093
Ireland - 1.5%
Kingspan Group PLC (Ireland)	1,268,052	85,172,755
Italy - 1.7%
Ferrari NV (Italy)	314,510	95,009,555
Japan - 6.3%
Hoya Corp.	679,519	65,416,357
Keyence Corp.	269,612	104,371,851
Shin-Etsu Chemical Co. Ltd.	3,065,108	91,657,085
Tokyo Electron Ltd.	765,607	101,165,542
TOTAL JAPAN		362,610,835
Netherlands - 6.0%
ASM International NV (Netherlands)	221,926	91,227,531
ASML Holding NV (Netherlands)	254,452	152,956,291
Wolters Kluwer NV	781,912	100,191,005
TOTAL NETHERLANDS		344,374,827
Sweden - 1.6%
Atlas Copco AB (A Shares)	6,917,806	89,578,820
Switzerland - 5.0%
Compagnie Financiere Richemont SA Series A	837,942	98,856,641
Sika AG	358,366	85,449,992
UBS Group AG	4,234,193	98,773,787
TOTAL SWITZERLAND		283,080,420
Taiwan - 3.2%
Taiwan Semiconductor Manufacturing Co. Ltd.	11,047,750	180,298,615
United Kingdom - 10.1%
Ashtead Group PLC	1,417,862	81,065,931
AstraZeneca PLC (United Kingdom)	1,038,105	129,974,641
BAE Systems PLC	4,977,772	66,933,024
Compass Group PLC	4,051,921	102,154,545
London Stock Exchange Group PLC	866,891	87,465,050
RELX PLC (London Stock Exchange)	3,141,196	109,714,801
TOTAL UNITED KINGDOM		577,307,992
United States of America - 17.9%
Aon PLC	28,136	8,705,278
AutoZone, Inc. (a)	32,718	81,046,739
Linde PLC	247,220	94,477,595
Marsh & McLennan Companies, Inc.	442,763	83,970,003
Martin Marietta Materials, Inc.	172,296	70,458,726
MasterCard, Inc. Class A	201,200	75,721,620
Moody's Corp.	279,141	85,975,428
NVIDIA Corp.	193,199	78,786,552
S&P Global, Inc.	232,072	81,065,070
Schneider Electric SA	654,063	100,632,350
UnitedHealth Group, Inc.	182,943	97,976,953
Visa, Inc. Class A	342,224	80,456,862
Waste Connections, Inc. (Canada)	631,358	81,749,877
TOTAL UNITED STATES OF AMERICA		1,021,023,053
TOTAL COMMON STOCKS (Cost $4,704,242,408)		5,592,385,048

Money Market Funds - 2.1%
	Shares	Value ($)
Fidelity Cash Central Fund 5.40% (d)	101,097,693	101,117,912
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e)	21,519,638	21,521,790
TOTAL MONEY MARKET FUNDS (Cost $122,639,702)		122,639,702

TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $4,826,882,110)	5,715,024,750
NET OTHER ASSETS (LIABILITIES) - 0.1%	4,724,034
NET ASSETS - 100.0%	5,719,748,784

Legend

(a)	Non-income producing

(b)	Level 3 security

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

(d)

(e)	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 5.40%	28,494,587	1,796,226,388	1,723,603,063	3,297,412	-	-	101,117,912	0.2%
Fidelity Securities Lending Cash Central Fund 5.40%	16,572,566	702,640,797	697,691,573	114,684	-	-	21,521,790	0.1%
Total	45,067,153	2,498,867,185	2,421,294,636	3,412,096	-	-	122,639,702

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

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

Equities:
Consumer Discretionary	789,607,348	448,646,770	340,960,578	-
Consumer Staples	297,063,557	101,653,498	195,410,059	-
Financials	1,039,142,808	587,380,673	451,762,135	-
Health Care	463,428,445	97,976,953	365,451,492	-
Industrials	1,250,527,312	700,640,715	549,886,597	-
Information Technology	1,308,150,312	344,518,575	963,631,733	4
Materials	444,465,266	250,386,313	194,078,953	-

Money Market Funds	122,639,702	122,639,702	-	-
Total Investments in Securities:	5,715,024,750	2,653,843,199	3,061,181,547	4

Financial Statements

Statement of Assets and Liabilities
				October 31, 2023

Assets
Investment in securities, at value (including securities loaned of $20,365,152) - See accompanying schedule:
Unaffiliated issuers (cost $4,704,242,408)	$	5,592,385,048
Fidelity Central Funds (cost $122,639,702)		122,639,702


Total Investment in Securities (cost $4,826,882,110)			$	5,715,024,750
Foreign currency held at value (cost $6,297,802)				6,291,196
Receivable for investments sold				38,672,784
Receivable for fund shares sold				6,497,264
Dividends receivable				2,547,336
Reclaims receivable				10,357,791
Distributions receivable from Fidelity Central Funds				515,009
Prepaid expenses				7,984
Other receivables				1,961,811
Total assets				5,781,875,925
Liabilities
Payable for investments purchased	$	21,121,217
Payable for fund shares redeemed		6,508,822
Accrued management fee		2,277,494
Distribution and service plan fees payable		243,342
Other affiliated payables		824,950
Deferred taxes		9,335,690
Other payables and accrued expenses		293,836
Collateral on securities loaned		21,521,790
Total Liabilities				62,127,141
Net Assets			$	5,719,748,784
Net Assets consist of:
Paid in capital			$	5,480,290,742
Total accumulated earnings (loss)				239,458,042
Net Assets			$	5,719,748,784

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($464,374,165 ÷ 19,755,248 shares)(a)			$	23.51
Maximum offering price per share (100/94.25 of $23.51)			$	24.94
Class M :
Net Asset Value and redemption price per share ($149,358,287 ÷ 6,568,811 shares)(a)			$	22.74
Maximum offering price per share (100/96.50 of $22.74)			$	23.56
Class C :
Net Asset Value and offering price per share ($96,072,497 ÷ 4,803,313 shares)(a)			$	20.00
Class I :
Net Asset Value, offering price and redemption price per share ($3,758,357,046 ÷ 148,360,999 shares)			$	25.33
Class Z :
Net Asset Value, offering price and redemption price per share ($1,251,586,789 ÷ 49,226,269 shares)			$	25.43
(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, 2023
Investment Income
Dividends			$	72,910,964
Foreign Tax Reclaims				5,442,599
Income from Fidelity Central Funds (including $114,684 from security lending)				3,412,096
Income before foreign taxes withheld			$	81,765,659
Less foreign taxes withheld				(10,775,482)
Total Income				70,990,177
Expenses
Management fee
Basic fee	$	37,270,310
Performance adjustment		(5,159,548)
Transfer agent fees		7,934,170
Distribution and service plan fees		2,978,799
Accounting fees		1,516,968
Custodian fees and expenses		550,850
Independent trustees' fees and expenses		31,951
Registration fees		223,831
Audit		170,855
Legal		7,901
Interest		142,834
Miscellaneous		26,679
Total expenses before reductions		45,695,600
Expense reductions		(338,798)
Total expenses after reductions				45,356,802
Net Investment income (loss)				25,633,375
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $764,163)		65,237,670
Foreign currency transactions		197,970
Total net realized gain (loss)				65,435,640
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $8,040,295)		618,852,581
Assets and liabilities in foreign currencies		710,367
Total change in net unrealized appreciation (depreciation)				619,562,948
Net gain (loss)				684,998,588
Net increase (decrease) in net assets resulting from operations			$	710,631,963

Statement of Changes in Net Assets

		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	25,633,375	$	3,907,978
Net realized gain (loss)		65,435,640		(676,076,285)
Change in net unrealized appreciation (depreciation)		619,562,948		(1,992,982,884)
Net increase (decrease) in net assets resulting from operations		710,631,963		(2,665,151,191)
Distributions to shareholders		-		(331,230,760)

Share transactions - net increase (decrease)		263,865,104		(1,186,280,809)
Total increase (decrease) in net assets		974,497,067		(4,182,662,760)

Net Assets
Beginning of period		4,745,251,717		8,927,914,477
End of period	$	5,719,748,784	$	4,745,251,717

Financial Highlights

Fidelity Advisor® International Capital Appreciation Fund Class A

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	20.33	$	30.72	$	24.14	$	21.45	$	17.63
Income from Investment Operations
Net investment income (loss) A,B		.06		(.04)		(.09)		- C		.11 D
Net realized and unrealized gain (loss)		3.12		(9.21)		6.67		2.77		3.75
Total from investment operations		3.18		(9.25)		6.58		2.77		3.86
Distributions from net investment income		-		-		-		(.08)		(.04)
Distributions from net realized gain		-		(1.14)		-		-		-
Total distributions		-		(1.14)		-		(.08)		(.04)
Net asset value, end of period	$	23.51	$	20.33	$	30.72	$	24.14	$	21.45
Total Return E,F		15.64%		(31.18)%		27.26%		12.97%		21.93%
Ratios to Average Net Assets B,G,H
Expenses before reductions		1.06%		1.24%		1.23%		1.28%		1.27%
Expenses net of fee waivers, if any		1.06%		1.24%		1.23%		1.28%		1.27%
Expenses net of all reductions		1.06%		1.24%		1.23%		1.24%		1.25%
Net investment income (loss)		.23%		(.18)%		(.30)%		(.01)%		.57% D
Supplemental Data
Net assets, end of period (000 omitted)	$	464,374	$	400,112	$	592,640	$	382,795	$	278,326
Portfolio turnover rate I		80%		110% J		128%		121%		133%

ACalculated based on average shares outstanding during the period.

CAmount represents less than $.005 per share.

DNet 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%.

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

FTotal returns do not include the effect of the sales charges.

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

JPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class M

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	19.71	$	29.82	$	23.49	$	20.89	$	17.17
Income from Investment Operations
Net investment income (loss) A,B		(.01)		(.10)		(.15)		(.06)		.06 C
Net realized and unrealized gain (loss)		3.04		(8.95)		6.48		2.70		3.66
Total from investment operations		3.03		(9.05)		6.33		2.64		3.72
Distributions from net investment income		-		-		-		(.04)		-
Distributions from net realized gain		-		(1.06)		-		-		-
Total distributions		-		(1.06)		-		(.04)		-
Net asset value, end of period	$	22.74	$	19.71	$	29.82	$	23.49	$	20.89
Total Return D,E		15.37%		(31.39)%		26.95%		12.67%		21.67%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.31%		1.49%		1.49%		1.53%		1.53%
Expenses net of fee waivers, if any		1.31%		1.49%		1.48%		1.53%		1.53%
Expenses net of all reductions		1.31%		1.49%		1.48%		1.49%		1.51%
Net investment income (loss)		(.02)%		(.43)%		(.55)%		(.26)%		.31% C
Supplemental Data
Net assets, end of period (000 omitted)	$	149,358	$	126,232	$	191,997	$	143,072	$	127,176
Portfolio turnover rate H		80%		110% I		128%		121%		133%

ACalculated based on average shares outstanding during the period.

CNet 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)%.

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

ETotal returns do not include the effect of the sales charges.

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

IPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class C

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	17.43	$	26.58	$	21.04	$	18.77	$	15.51
Income from Investment Operations
Net investment income (loss) A,B		(.11)		(.20)		(.26)		(.15)		(.03) C
Net realized and unrealized gain (loss)		2.68		(7.92)		5.80		2.42		3.29
Total from investment operations		2.57		(8.12)		5.54		2.27		3.26
Distributions from net realized gain		-		(1.03)		-		-		-
Total distributions		-		(1.03)		-		-		-
Net asset value, end of period	$	20.00	$	17.43	$	26.58	$	21.04	$	18.77
Total Return D,E		14.74%		(31.70)%		26.33%		12.09%		21.02%
Ratios to Average Net Assets B,F,G
Expenses before reductions		1.81%		1.99%		1.98%		2.02%		2.02%
Expenses net of fee waivers, if any		1.81%		1.99%		1.98%		2.02%		2.01%
Expenses net of all reductions		1.81%		1.99%		1.98%		1.99%		2.00%
Net investment income (loss)		(.52)%		(.93)%		(1.05)%		(.75)%		(.17)% C
Supplemental Data
Net assets, end of period (000 omitted)	$	96,072	$	97,124	$	169,018	$	125,630	$	112,150
Portfolio turnover rate H		80%		110% I		128%		121%		133%

ACalculated based on average shares outstanding during the period.

CNet 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)%.

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

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

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

IPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class I

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	21.85	$	32.92	$	25.83	$	22.93	$	18.85
Income from Investment Operations
Net investment income (loss) A,B		.13		.02		(.01)		.06		.18 C
Net realized and unrealized gain (loss)		3.35		(9.88)		7.13		2.97		4.00
Total from investment operations		3.48		(9.86)		7.12		3.03		4.18
Distributions from net investment income		-		-		(.03)		(.13)		(.10)
Distributions from net realized gain		-		(1.21)		-		-		-
Total distributions		-		(1.21)		(.03)		(.13)		(.10)
Net asset value, end of period	$	25.33	$	21.85	$	32.92	$	25.83	$	22.93
Total Return D		15.93%		(31.01)%		27.60%		13.28%		22.29%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.80%		.98%		.97%		1.01%		.99%
Expenses net of fee waivers, if any		.79%		.97%		.97%		1.01%		.99%
Expenses net of all reductions		.79%		.97%		.97%		.97%		.98%
Net investment income (loss)		.49%		.08%		(.04)%		.26%		.85% C
Supplemental Data
Net assets, end of period (000 omitted)	$	3,758,357	$	3,228,604	$	6,128,293	$	3,883,309	$	2,020,956
Portfolio turnover rate G		80%		110% H		128%		121%		133%

ACalculated based on average shares outstanding during the period.

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

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

HPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® International Capital Appreciation Fund Class Z

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	21.90	$	32.99	$	25.88	$	22.96	$	18.88
Income from Investment Operations
Net investment income (loss) A,B		.16		.06		.03		.09		.21 C
Net realized and unrealized gain (loss)		3.37		(9.91)		7.14		2.98		3.99
Total from investment operations		3.53		(9.85)		7.17		3.07		4.20
Distributions from net investment income		-		-		(.06)		(.15)		(.12)
Distributions from net realized gain		-		(1.24)		-		-		-
Total distributions		-		(1.24)		(.06)		(.15)		(.12)
Net asset value, end of period	$	25.43	$	21.90	$	32.99	$	25.88	$	22.96
Total Return D		16.12%		(30.93)%		27.73%		13.45%		22.41%
Ratios to Average Net Assets B,E,F
Expenses before reductions		.67%		.85%		.85%		.88%		.87%
Expenses net of fee waivers, if any		.67%		.85%		.85%		.88%		.87%
Expenses net of all reductions		.67%		.85%		.85%		.84%		.85%
Net investment income (loss)		.62%		.21%		.09%		.39%		.97% C
Supplemental Data
Net assets, end of period (000 omitted)	$	1,251,587	$	893,180	$	1,845,967	$	1,130,329	$	403,241
Portfolio turnover rate G		80%		110% H		128%		121%		133%

ACalculated based on average shares outstanding during the period.

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

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

HPortfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2023

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. Class A, Class M, Class C, Class I and Class Z are Fidelity Advisor classes. 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 RatioA
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 tax reclaims. Any receivables for withholding tax reclaims are included in the Statement of Assets and Liabilities in reclaims receivable. The Fund has filed tax reclaims for previously withheld taxes on dividends earned in certain European Union (EU) countries. These additional filings are subject to various administrative proceedings by the local jurisdictions' tax authorities within the EU, as well as a number of related judicial proceedings. Income recognized for EU reclaims is included with other reclaims in the Statement of Operations in foreign tax reclaims. These reclaims are recorded when the amount is known and there are no significant uncertainties on collectability.

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, 2023, 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), 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	$995,161,600
Gross unrealized depreciation	(126,684,491)
Net unrealized appreciation (depreciation)	$868,477,109
Tax Cost	$4,846,547,641

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

Undistributed ordinary income	$23,189,519
Capital loss carryforward	$(642,429,234)
Net unrealized appreciation (depreciation) on securities and other investments	$868,033,446

Short-term	$(642,429,234)
Total capital loss carryforward	$(642,429,234)

The tax character of distributions paid was as follows:

	October 31, 2023	October 31, 2022
Ordinary Income	$-	$48,714,667
Long-term Capital Gains	-	282,516,093
Total	$-	$331,230,760

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	4,530,622,005	4,325,869,181

Prior Fiscal Year 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; 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 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 .58% 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%	$1,176,439	$29,465
Class M	.25%	.25%	748,464	1,809
Class C	.75%	.25%	1,053,896	71,982
			$2,978,799	$103,256

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

	Retained by FDC
Class A	$154,233
Class M	8,254
Class CA	821
	$163,308

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	$855,041	.18
Class M	276,000	.18
Class C	192,536	.18
Class I	6,144,860	.17
Class Z	465,733	.04
	$7,934,170

During November 2023, the Board approved a change in the transfer agent fees effective December 1, 2023 to a fixed annual rate of class-level average net assets as follows:

	% of Class-Level Average Net Assets
Class A	0.1799%
Class M	0.1815%
Class C	0.1814%
Class I	0.1672%

	% of Average Net Assets
Fidelity Advisor International Capital Appreciation Fund	.03

During November 2023, the Board approved a change in the accounting fees effective December 1, 2023 to a fixed annual rate of average net assets as follows:

	% of Average Net Assets
Fidelity Advisor International Capital Appreciation Fund	0.0257%

	Amount
Fidelity Advisor International Capital Appreciation Fund	$5,290

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	$28,795,568	4.83%	$142,834

	Purchases ($)	Sales ($)	Realized Gain (Loss) ($)
Fidelity Advisor International Capital Appreciation Fund	170,844,441	154,458,430	(208,782)

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 International Capital Appreciation Fund	2,686,511	22,462,483	71,085,075	Class Z

6. Committed Line of Credit.

	Amount
Fidelity Advisor International Capital Appreciation Fund	$9,824

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 International Capital Appreciation Fund	$12,067	$-	$-

8. Expense Reductions.

Through arrangements with the Fund's custodian each class' transfer agent, 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 $1,831. During the period, transfer agent credits reduced each class' expenses as noted in the table below.

	Expense reduction
Class M	$170

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 $336,797.

9. Distributions to Shareholders.

Distributions to shareholders of each class were as follows:

	Year ended October 31, 2023	Year ended October 31, 2022
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
Class Z	-	70,389,041
Total	$-	$ 331,230,760

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, 2023	Year ended October 31, 2022	Year ended October 31, 2023	Year ended October 31, 2022
Fidelity Advisor International Capital Appreciation Fund
Class A
Shares sold	4,796,858	5,318,850	$115,824,521	$133,790,081
Reinvestment of distributions	-	731,540	-	20,900,107
Shares redeemed	(4,724,109)	(5,656,700)	(113,169,898)	(134,450,301)
Net increase (decrease)	72,749	393,690	$2,654,623	$20,239,887
Class M
Shares sold	1,026,152	841,710	$24,224,045	$20,169,126
Reinvestment of distributions	-	243,281	-	6,755,923
Shares redeemed	(861,061)	(1,120,170)	(19,943,927)	(26,759,208)
Net increase (decrease)	165,091	(35,179)	$4,280,118	$165,841
Class C
Shares sold	531,513	489,567	$11,110,295	$10,790,090
Reinvestment of distributions	-	247,677	-	6,107,712
Shares redeemed	(1,301,508)	(1,522,610)	(26,610,764)	(31,050,187)
Net increase (decrease)	(769,995)	(785,366)	$(15,500,469)	$(14,152,385)
Class I
Shares sold	48,481,950	57,508,310	$1,261,327,839	$1,522,042,044
Reinvestment of distributions	-	5,847,457	-	179,166,081
Shares redeemed	(47,885,050)	(101,740,037)	(1,214,605,904)	(2,552,570,479)
Net increase (decrease)	596,900	(38,384,270)	$46,721,935	$(851,362,354)
Class Z
Shares sold	21,823,068	21,509,843	$566,083,303	$577,524,025
Reinvestment of distributions	-	1,780,120	-	54,614,079
Shares redeemed	(13,377,996)	(38,456,808)	(340,374,406)	(973,309,902)
Net increase (decrease)	8,445,072	(15,166,845)	$225,708,897	$(341,171,798)

11. Other.

12. 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 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, 2023, 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, 2023, 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 15, 2023

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

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

Vijay C. Advani (1960)

Year of Election or Appointment: 2023

Member of the Advisory Board

Peter S. Lynch (1944)

Year of Election or Appointment: 2003

Member of the Advisory Board

Karen B. Peetz (1955)

Year of Election or Appointment: 2023

Member of the Advisory Board

Heather Bonner (1977)

Year of Election or Appointment: 2023

Assistant Treasurer

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

Margaret Carey (1973)

Year of Election or Appointment: 2023

Secretary and Chief Legal Officer (CLO)

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

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, 2023 to October 31, 2023).

Actual Expenses

Hypothetical Example for Comparison Purposes

	Annualized Expense Ratio- A	Beginning Account Value May 1, 2023	Ending Account Value October 31, 2023	Expenses Paid During Period- C May 1, 2023 to October 31, 2023
Fidelity Advisor® International Capital Appreciation Fund
Class A	.99%
Actual		$ 1,000	$ 948.70	$ 4.86
Hypothetical-B		$ 1,000	$ 1,020.21	$ 5.04
Class M	1.24%
Actual		$ 1,000	$ 947.50	$ 6.09
Hypothetical-B		$ 1,000	$ 1,018.95	$ 6.31
Class C	1.73%
Actual		$ 1,000	$ 945.20	$ 8.48
Hypothetical-B		$ 1,000	$ 1,016.48	$ 8.79
Class I	.72%
Actual		$ 1,000	$ 949.80	$ 3.54
Hypothetical-B		$ 1,000	$ 1,021.58	$ 3.67
Class Z	.60%
Actual		$ 1,000	$ 950.70	$ 2.95
Hypothetical-B		$ 1,000	$ 1,022.18	$ 3.06

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 2024 of amounts for use in preparing 2023 income tax returns.

Board Approval of Investment Advisory Contracts

Board Approval of Investment Advisory Contracts and Management Fees

Fidelity Advisor International Capital Appreciation 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 was provided with information regarding industry trends in management fees and expenses. In its review of the fund's management fee and the total expense ratio of 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 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 Board also considered information about the impact of the fund's performance adjustment.

Comparisons of Management Fees and Total Expense Ratios. Among other things, the Board reviewed data for selected groups of competitive funds and classes (referred to as "mapped groups") that were compiled by Fidelity based on combining similar investment objective categories (as classified by Lipper) that have comparable investment mandates. The data reviewed by the Board included (i) gross management fee comparisons (before taking into account expense reimbursements or caps and without taking into account the fund's performance adjustment) relative to the total universe of funds within the mapped group; (ii) gross management fee comparisons relative to a subset of non-Fidelity funds in the mapped group that are similar in size and management fee structure to the fund (referred to as the "asset size peer group"); (iii) total expense comparisons of Class I of the fund relative to funds and classes in the mapped group that have a similar sales load structure to Class I of the fund (referred to as the "similar sales load structure group"); and (iv) total expense comparisons of Class I of the fund relative to funds and classes in the similar sales load structure group that are similar in size and management fee structure to the fund (referred to as the "total expense asset size peer group"). The total expense asset size peer group comparison excludes performance adjustments and fund-paid 12b-1 fees to eliminate variability in fee structures.

The Board noted that the total expense ratio of Class I was above the competitive median of the similar sales load structure group because of the fund's positive performance adjustment. The Board also noted that if funds in a fund complex with a unique at-cost service model were excluded from the total expense asset size peer group, the total expense ratio for Class I was below the total expense asset size peer group for 2022.

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.

In connection with its consideration of the fund's performance adjustment, the Board noted that the performance of Class I is used for purposes of determining the performance adjustment. The Board noted that to the extent the performance adjustment was based on the performance of a share class with higher total annual operating expenses, the fund would be subject to a smaller positive and larger negative performance adjustment. The Board considered the appropriateness of the use of Class I as the basis for the performance adjustment. The Board noted that Class I is typically the largest class (reflecting the actual investment experience for the plurality of shareholders), employs a standard expense structure, and does not include fund-paid 12b-1 fees, which Fidelity believes makes it a more appropriate measurement of Fidelity's investment skill.

Based on its review, the Board concluded that the fund's management fee, including the use of Class I as the basis for the performance adjustment, is fair and reasonable in light of the services that the fund receives and the other factors considered. Further 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.

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.

1.711985.125

AICAP-ANN-1223

Fidelity Advisor® Overseas Fund

Annual Report

October 31, 2023

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

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, 2023	Past 1 year	Past 5 years	Past 10 years
Class A (incl. 5.75% sales charge)	5.97%	3.54%	2.81%
Class M (incl. 3.50% sales charge)	8.28%	3.82%	2.84%
Class C (incl. contingent deferred sales charge)	10.56%	3.94%	2.75%
Class I	12.78%	5.10%	3.74%
Class Z	12.90%	5.23%	3.82%

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, a class of the fund, on October 31, 2013, 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:

International (non-U.S.) equities gained 12.27% for the 12 months ending October 31, 2023, according to the MSCI ACWI (All Country World Index) ex USA Index, as global economic expansion and a slowing in the pace of inflation in some markets provided a favorable backdrop for risk assets. After returning -15.86% in 2022, the index's upturn has been largely driven by a narrow set of companies in the information technology and communication services sectors, in part due to excitement for generative artificial intelligence applications. The index gained 14.07% year to date through July, including strong gains in both June (+4.50%) and July (+4.07%). The rally for international equities sputtered for the next three months (-11.33%) amid a stalling pattern in disinflationary trends, heightened global recession and geopolitical risks, soaring yields on longer-term U.S. government bonds and particularly weak economic conditions in the eurozone and China. The three-month decline left non-U.S. stocks up 1.15% year to date through October. For the full 12 months, nearly all regions advanced, with Europe ex U.K. (+18%) and Japan (+17%) leading, whereas Canada (-0.38%) lagged by the widest margin. Each of the 11 sectors advanced, with information technology (+21%) and consumer discretionary (+19%) leading the way. Energy and industrials each rose about 14%. Conversely, four defensive-oriented sectors lagged by the widest margin: real estate (+4%), health care (+6%), consumer staples (+7%) and utilities (+8%).

Comments from Portfolio Manager Vincent Montemaggiore:

For the fiscal year ending October 31, 2023, the fund's share classes (excluding sales charges, if applicable) gained about 12% to 13%, versus 14.65% for the benchmark MSCI EAFE Index (Net MA). From a regional standpoint, security selection in Europe ex U.K., primarily in France, and stock picking and an underweight in Japan meaningfully detracted from the fund's relative result. By sector, security selection detracted overall, especially within industrials and financials. The fund's outsized stake in Teleperformance returned roughly -33% and was the largest individual relative detractor. Teleperformance was not held at period end. A second notable relative detractor was our overweight stake in Olympus (-24%). Olympus was not held at period end. An overweight in Rentokil Initial (-17%) also detracted. In contrast, from a regional standpoint, underweighting the lagging Asia-Pacific ex-Japan area notably bolstered the fund's relative result. An overweight in Europe ex U.K. and a non-benchmark allocation to Canada also contributed to the fund's performance versus the benchmark. By sector, the biggest contributors to performance versus the benchmark were stock selection and an overweight in information technology. An underweight in communication services also boosted the fund's relative performance. The top individual relative contributor was an overweight in ASM International (+88%). A non-benchmark stake in Constellation Software gained 41% and was the second-largest relative contributor. An overweight in Safran (+41%) also helped. Safran was among the fund's largest holdings at period end. Notable changes in positioning include increased exposure to the information technology and materials sectors.

Investment Summary October 31, 2023 (Unaudited)

Top Holdings (% of Fund's net assets)

Novo Nordisk A/S Series B (Denmark, Pharmaceuticals)	3.3
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment)	3.2
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals)	2.8
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods)	2.6
TotalEnergies SE (France, Oil, Gas & Consumable Fuels)	2.1
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services)	2.0
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure)	1.9
Diageo PLC (United Kingdom, Beverages)	1.9
Wolters Kluwer NV (Netherlands, Professional Services)	1.9
Safran SA (France, Aerospace & Defense)	1.8
	23.5

Market Sectors (% of Fund's net assets)

Financials	22.6
Industrials	19.6
Information Technology	15.2
Health Care	14.2
Consumer Discretionary	9.4
Consumer Staples	6.7
Materials	6.3
Energy	2.1
Real Estate	1.1
Communication Services	0.5

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 adjusted for the effect of derivatives, if applicable.

Schedule of Investments October 31, 2023

Showing Percentage of Net Assets

Common Stocks - 97.7%
	Shares	Value ($) (000s)
Australia - 0.2%
Flutter Entertainment PLC (a)	4,924	772
Bailiwick of Jersey - 0.3%
JTC PLC (b)	129,400	1,004
Belgium - 0.6%
Azelis Group NV	46,500	792
KBC Group NV	22,975	1,262
TOTAL BELGIUM		2,054
Canada - 2.6%
Alimentation Couche-Tard, Inc. Class A (multi-vtg.)	60,900	3,315
Constellation Software, Inc.	2,580	5,172
Constellation Software, Inc. warrants 8/22/28 (a)(c)	2,780	0
Lumine Group, Inc.	8,341	105
TOTAL CANADA		8,592
China - 0.0%
Chervon Holdings Ltd.	32,500	80
Denmark - 5.2%
Carlsberg A/S Series B	14,300	1,704
DSV A/S	31,904	4,758
Novo Nordisk A/S Series B	110,500	10,658
TOTAL DENMARK		17,120
Finland - 1.1%
Nordea Bank Abp	337,926	3,551
France - 15.3%
Air Liquide SA	30,110	5,159
ALTEN	22,975	2,706
Antin Infrastructure Partners SA	9,500	113
Capgemini SA	28,019	4,952
Edenred SA	80,354	4,272
EssilorLuxottica SA	27,825	5,024
L'Oreal SA	11,400	4,792
LVMH Moet Hennessy Louis Vuitton SE	11,595	8,301
Pernod Ricard SA	11,543	2,046
Safran SA	36,500	5,702
TotalEnergies SE	104,000	6,953
TOTAL FRANCE		50,020
Germany - 8.0%
Allianz SE	19,923	4,667
Deutsche Borse AG	25,003	4,115
Hannover Reuck SE	21,629	4,767
Infineon Technologies AG	107,100	3,128
Merck KGaA	25,900	3,901
SAP SE	16,600	2,227
Siemens Healthineers AG (b)	68,700	3,367
TOTAL GERMANY		26,172
India - 1.7%
HCL Technologies Ltd.	95,000	1,457
HDFC Bank Ltd.	231,484	4,106
TOTAL INDIA		5,563
Indonesia - 0.6%
PT Bank Central Asia Tbk	3,605,300	1,986
Ireland - 0.9%
Kingspan Group PLC (Ireland)	42,900	2,882
Italy - 3.4%
FinecoBank SpA	219,563	2,582
GVS SpA (a)(b)	28,462	127
Industrie de Nora SpA	16,200	228
Recordati SpA	84,220	3,885
UniCredit SpA	167,300	4,194
TOTAL ITALY		11,016
Japan - 12.9%
Bandai Namco Holdings, Inc.	52,900	1,096
BayCurrent Consulting, Inc.	30,500	766
Capcom Co. Ltd.	52,000	1,674
FUJIFILM Holdings Corp.	45,800	2,505
Hoya Corp.	39,731	3,825
Iriso Electronics Co. Ltd.	23,784	562
Misumi Group, Inc.	78,400	1,187
NOF Corp.	44,671	1,762
Persol Holdings Co. Ltd.	1,065,600	1,598
Relo Group, Inc.	86,446	857
Shin-Etsu Chemical Co. Ltd.	125,100	3,741
Sony Group Corp.	66,124	5,497
Sumitomo Mitsui Financial Group, Inc.	101,100	4,874
Suzuki Motor Corp.	65,571	2,545
TIS, Inc.	56,827	1,217
Tokio Marine Holdings, Inc.	242,000	5,414
Tokyo Electron Ltd.	22,781	3,010
TOTAL JAPAN		42,130
Netherlands - 7.1%
ASM International NV (Netherlands)	7,000	2,878
ASML Holding NV (Netherlands)	17,306	10,403
IMCD NV	28,850	3,465
Topicus.Com, Inc. (a)	6,230	410
Wolters Kluwer NV	48,341	6,194
TOTAL NETHERLANDS		23,350
Spain - 0.6%
Amadeus IT Holding SA Class A	31,496	1,794
Sweden - 3.4%
Addlife AB	124,837	813
AddTech AB (B Shares)	170,987	2,503
Atlas Copco AB (A Shares)	326,992	4,234
Indutrade AB	199,025	3,515
Kry International AB (a)(c)(d)	156	6
TOTAL SWEDEN		11,071
Switzerland - 4.9%
Compagnie Financiere Richemont SA Series A	37,204	4,389
Julius Baer Group Ltd.	59,907	3,550
Partners Group Holding AG	3,110	3,271
Sika AG	20,238	4,826
TOTAL SWITZERLAND		16,036
Taiwan - 0.6%
Taiwan Semiconductor Manufacturing Co. Ltd.	120,300	1,963
United Kingdom - 16.3%
3i Group PLC	140,100	3,303
AstraZeneca PLC (United Kingdom)	73,900	9,253
BAE Systems PLC	308,300	4,146
Beazley PLC	111,546	698
Compass Group PLC	248,654	6,269
Diageo PLC	165,376	6,254
Diploma PLC	69,767	2,410
Halma PLC	76,700	1,720
Hiscox Ltd.	103,473	1,180
London Stock Exchange Group PLC	44,900	4,530
RELX PLC (London Stock Exchange)	189,684	6,625
Rentokil Initial PLC	460,233	2,344
Sage Group PLC	260,700	3,076
Volution Group PLC	320,051	1,411
TOTAL UNITED KINGDOM		53,219
United States of America - 12.0%
CBRE Group, Inc. (a)	38,000	2,635
CDW Corp.	11,500	2,305
Experian PLC	98,200	2,973
Ferguson PLC	23,700	3,552
Fiserv, Inc. (a)	6,900	785
ICON PLC (a)	14,500	3,537
Linde PLC	13,834	5,287
Marsh & McLennan Companies, Inc.	28,330	5,373
Nestle SA (Reg. S)	36,005	3,883
S&P Global, Inc.	11,931	4,168
Schneider Electric SA	17,400	2,677
Thermo Fisher Scientific, Inc.	5,000	2,224
TOTAL UNITED STATES OF AMERICA		39,399
TOTAL COMMON STOCKS (Cost $259,844)		319,774

Nonconvertible Preferred Stocks - 0.0%
	Shares	Value ($) (000s)
Sweden - 0.0%
Kry International AB Series E (a)(c)(d) (Cost $412)	901	33

Money Market Funds - 1.3%
	Shares	Value ($) (000s)
Fidelity Cash Central Fund 5.40% (e) (Cost $4,244)	4,243,057	4,244

TOTAL INVESTMENT IN SECURITIES - 99.0% (Cost $264,500)	324,051
NET OTHER ASSETS (LIABILITIES) - 1.0%	3,254
NET ASSETS - 100.0%	327,305

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

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 $4,498,000 or 1.4% of net assets.

(c)	Level 3 security

(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 $39,000 or 0.0% of net assets.

(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 5.40%	5,991	86,236	87,983	170	-	-	4,244	0.0%
Fidelity Securities Lending Cash Central Fund 5.40%	-	20,099	20,099	19	-	-	-	0.0%
Total	5,991	106,335	108,082	189	-	-	4,244

Amounts included in the purchases and sales proceeds columns may include in-kind transactions, if applicable.

Investment Valuation

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

Equities:
Communication Services	1,674	-	1,674	-
Consumer Discretionary	30,743	2,566	28,177	-
Consumer Staples	21,994	5,361	16,633	-
Energy	6,953	-	6,953	-
Financials	73,765	33,026	40,739	-
Health Care	46,487	22,751	23,736	-
Industrials	64,089	34,810	29,279	-
Information Technology	49,835	18,372	31,424	39
Materials	20,775	10,113	10,662	-
Real Estate	3,492	2,635	857	-

Money Market Funds	4,244	4,244	-	-
Total Investments in Securities:	324,051	133,878	190,134	39

Financial Statements

Statement of Assets and Liabilities
Amounts in thousands (except per-share amounts)				October 31, 2023

Assets
Investment in securities, at value - See accompanying schedule:
Unaffiliated issuers (cost $260,256)	$	319,807
Fidelity Central Funds (cost $4,244)		4,244


Total Investment in Securities (cost $264,500)			$	324,051
Cash				180
Foreign currency held at value (cost $11)				11
Receivable for investments sold				1,439
Receivable for fund shares sold				502
Dividends receivable				444
Reclaims receivable				1,929
Distributions receivable from Fidelity Central Funds				15
Prepaid expenses				1
Other receivables				64
Total assets				328,636
Liabilities
Payable for investments purchased	$	346
Payable for fund shares redeemed		308
Accrued management fee		111
Distribution and service plan fees payable		76
Other affiliated payables		58
Payable to affiliate		294
Other payables and accrued expenses		138
Total Liabilities				1,331
Net Assets			$	327,305
Net Assets consist of:
Paid in capital			$	299,548
Total accumulated earnings (loss)				27,757
Net Assets			$	327,305

Net Asset Value and Maximum Offering Price
Class A :
Net Asset Value and redemption price per share ($37,604 ÷ 1,441 shares)(a)(b)			$	26.09
Maximum offering price per share (100/94.25 of $26.09)			$	27.68
Class M :
Net Asset Value and redemption price per share ($155,184 ÷ 5,806 shares)(a)			$	26.73
Maximum offering price per share (100/96.50 of $26.73)			$	27.70
Class C :
Net Asset Value and offering price per share ($2,426 ÷ 98 shares)(a)(b)			$	24.71
Class I :
Net Asset Value, offering price and redemption price per share ($48,960 ÷ 1,818 shares)(b)			$	26.94
Class Z :
Net Asset Value, offering price and redemption price per share ($83,131 ÷ 3,089 shares)			$	26.91
(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 shares.

Statement of Operations
Amounts in thousands				Year ended October 31, 2023
Investment Income
Dividends			$	7,517
Foreign Tax Reclaims				592
Income from Fidelity Central Funds (including $19 from security lending)				189
Income before foreign taxes withheld			$	8,298
Less foreign taxes withheld				(1,137)
Total Income				7,161
Expenses
Management fee
Basic fee	$	2,368
Performance adjustment		(424)
Transfer agent fees		543
Distribution and service plan fees		990
Accounting fees		182
Custodian fees and expenses		48
Independent trustees' fees and expenses		2
Registration fees		74
Audit		141
Legal		2
Miscellaneous		2
Total expenses before reductions		3,928
Expense reductions		(22)
Total expenses after reductions				3,906
Net Investment income (loss)				3,255
Realized and Unrealized Gain (Loss)
Net realized gain (loss) on:
Investment Securities:
Unaffiliated issuers (net of foreign taxes of $20)		7,172
Foreign currency transactions		(45)
Total net realized gain (loss)				7,127
Change in net unrealized appreciation (depreciation) on:
Investment Securities:
Unaffiliated issuers(net of increase in deferred foreign taxes of $8)		30,578
Assets and liabilities in foreign currencies		127
Total change in net unrealized appreciation (depreciation)				30,705
Net gain (loss)				37,832
Net increase (decrease) in net assets resulting from operations			$	41,087

Statement of Changes in Net Assets

Amount in thousands		Year ended October 31, 2023		Year ended October 31, 2022
Increase (Decrease) in Net Assets
Operations
Net investment income (loss)	$	3,255	$	2,567
Net realized gain (loss)		7,127		(41,139)
Change in net unrealized appreciation (depreciation)		30,705		(131,616)
Net increase (decrease) in net assets resulting from operations		41,087		(170,188)
Distributions to shareholders		(1,443)		(10,213)

Share transactions - net increase (decrease)		(26,879)		3,366
Total increase (decrease) in net assets		12,765		(177,035)

Net Assets
Beginning of period		314,540		491,575
End of period	$	327,305	$	314,540

Financial Highlights

Fidelity Advisor® Overseas Fund Class A

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	23.29	$	34.07	$	24.73	$	24.27	$	22.48
Income from Investment Operations
Net investment income (loss) A,B		.23		.14		(.04)		(.02)		.35
Net realized and unrealized gain (loss)		2.67		(10.20)		9.38		.83		2.38
Total from investment operations		2.90		(10.06)		9.34		.81		2.73
Distributions from net investment income		(.10)		-		-		(.35)		(.21)
Distributions from net realized gain		-		(.72)		-		-		(.73)
Total distributions		(.10)		(.72)		-		(.35)		(.94)
Net asset value, end of period	$	26.09	$	23.29	$	34.07	$	24.73	$	24.27
Total Return C,D		12.43%		(30.12)%		37.77%		3.33%		12.86%
Ratios to Average Net Assets B,E,F
Expenses before reductions		1.13%		1.36%		1.43%		1.49%		1.21%
Expenses net of fee waivers, if any		1.12%		1.36%		1.43%		1.49%		1.21%
Expenses net of all reductions		1.12%		1.36%		1.43%		1.48%		1.19%
Net investment income (loss)		.84%		.51%		(.12)%		(.08)%		1.53%
Supplemental Data
Net assets, end of period (in millions)	$	38	$	35	$	56	$	46	$	49
Portfolio turnover rate G		37%		46%		33% H		46%		45% H

ACalculated based on average shares outstanding during the period.

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

DTotal returns do not include the effect of the sales charges.

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

HPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class M

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	23.85	$	34.94	$	25.41	$	24.94	$	23.06
Income from Investment Operations
Net investment income (loss) A,B		.18		.09		(.11)		(.07)		.31
Net realized and unrealized gain (loss)		2.73		(10.46)		9.64		.84		2.45
Total from investment operations		2.91		(10.37)		9.53		.77		2.76
Distributions from net investment income		(.03)		-		-		(.30)		(.15)
Distributions from net realized gain		-		(.72)		-		-		(.73)
Total distributions		(.03)		(.72)		-		(.30)		(.88)
Net asset value, end of period	$	26.73	$	23.85	$	34.94	$	25.41	$	24.94
Total Return C,D		12.21%		(30.26)%		37.50%		3.09%		12.65%
Ratios to Average Net Assets B,E,F
Expenses before reductions		1.33%		1.57%		1.65%		1.71%		1.42%
Expenses net of fee waivers, if any		1.33%		1.57%		1.65%		1.70%		1.42%
Expenses net of all reductions		1.33%		1.57%		1.65%		1.70%		1.40%
Net investment income (loss)		.64%		.30%		(.34)%		(.29)%		1.32%
Supplemental Data
Net assets, end of period (in millions)	$	155	$	150	$	238	$	194	$	221
Portfolio turnover rate G		37%		46%		33% H		46%		45% H

ACalculated based on average shares outstanding during the period.

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

DTotal returns do not include the effect of the sales charges.

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

HPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class C

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	22.15	$	32.69	$	23.92	$	23.46	$	21.72
Income from Investment Operations
Net investment income (loss) A,B		.01		(.08)		(.28)		(.21)		.15
Net realized and unrealized gain (loss)		2.55		(9.74)		9.05		.80		2.32
Total from investment operations		2.56		(9.82)		8.77		.59		2.47
Distributions from net investment income		-		-		-		(.13)		-
Distributions from net realized gain		-		(.72)		-		-		(.73)
Total distributions		-		(.72)		-		(.13)		(.73)
Net asset value, end of period	$	24.71	$	22.15	$	32.69	$	23.92	$	23.46
Total Return C,D		11.56%		(30.66)%		36.66%		2.50%		11.94%
Ratios to Average Net Assets B,E,F
Expenses before reductions		1.92%		2.16%		2.25%		2.31%		2.03%
Expenses net of fee waivers, if any		1.91%		2.16%		2.25%		2.31%		2.03%
Expenses net of all reductions		1.91%		2.16%		2.25%		2.30%		2.02%
Net investment income (loss)		.05%		(.29)%		(.94)%		(.89)%		.70%
Supplemental Data
Net assets, end of period (in millions)	$	2	$	3	$	5	$	5	$	6
Portfolio turnover rate G		37%		46%		33% H		46%		45% H

ACalculated based on average shares outstanding during the period.

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

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

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

HPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class I

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	24.03	$	35.03	$	25.35	$	24.79	$	22.99
Income from Investment Operations
Net investment income (loss) A,B		.32		.23		.06		.07		.42
Net realized and unrealized gain (loss)		2.75		(10.51)		9.62		.84		2.43
Total from investment operations		3.07		(10.28)		9.68		.91		2.85
Distributions from net investment income		(.16)		-		-		(.35)		(.32)
Distributions from net realized gain		-		(.72)		-		-		(.73)
Total distributions		(.16)		(.72)		-		(.35)		(1.05)
Net asset value, end of period	$	26.94	$	24.03	$	35.03	$	25.35	$	24.79
Total Return C		12.78%		(29.91)%		38.19%		3.68%		13.21%
Ratios to Average Net Assets B,D,E
Expenses before reductions		.83%		1.08%		1.12%		1.15%		.91%
Expenses net of fee waivers, if any		.83%		1.08%		1.12%		1.15%		.91%
Expenses net of all reductions		.83%		1.08%		1.12%		1.14%		.90%
Net investment income (loss)		1.14%		.79%		.19%		.27%		1.82%
Supplemental Data
Net assets, end of period (in millions)	$	49	$	48	$	85	$	121	$	117
Portfolio turnover rate F		37%		46%		33% G		46%		45% G

ACalculated based on average shares outstanding during the period.

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

DFees 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.

EExpense 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.

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

GPortfolio turnover rate excludes securities received or delivered in-kind.

Fidelity Advisor® Overseas Fund Class Z

Years ended October 31,		2023		2022		2021		2020		2019
Selected Per-Share Data
Net asset value, beginning of period	$	24.03	$	34.97	$	25.28	$	24.79	$	23.00
Income from Investment Operations
Net investment income (loss) A,B		.36		.27		.09		.09		.45
Net realized and unrealized gain (loss)		2.74		(10.49)		9.60		.84		2.43
Total from investment operations		3.10		(10.22)		9.69		.93		2.88
Distributions from net investment income		(.22)		-		-		(.44)		(.36)
Distributions from net realized gain		-		(.72)		-		-		(.73)
Total distributions		(.22)		(.72)		-		(.44)		(1.09)
Net asset value, end of period	$	26.91	$	24.03	$	34.97	$	25.28	$	24.79
Total Return C		12.90%		(29.79)%		38.33%		3.77%		13.38%
Ratios to Average Net Assets B,D,E
Expenses before reductions		.70%		.94%		1.02%		1.07%		.77%
Expenses net of fee waivers, if any		.69%		.93%		1.02%		1.06%		.77%
Expenses net of all reductions		.69%		.93%		1.02%		1.05%		.76%
Net investment income (loss)		1.27%		.94%		.29%		.35%		1.96%
Supplemental Data
Net assets, end of period (in millions)	$	83	$	80	$	108	$	47	$	38
Portfolio turnover rate F		37%		46%		33% G		46%		45% G

ACalculated based on average shares outstanding during the period.

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

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

GPortfolio turnover rate excludes securities received or delivered in-kind.

Notes to Financial Statements

For the period ended October 31, 2023

(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. Class A, Class M, Class C, Class I and Class Z are Fidelity Advisor classes. 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 RatioA
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%