UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-03855
Fidelity Advisor Series VIII
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | October 31 |
Date of reporting period: | April 30, 2024 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.7 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.0 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.0 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Schneider Electric SA (United States of America, Electrical Equipment) | 2.0 | |
SAP SE (Germany, Software) | 2.0 | |
L'Oreal SA (France, Personal Care Products) | 1.9 | |
ASM International NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.8 | |
Tokyo Electron Ltd. (Japan, Semiconductors & Semiconductor Equipment) | 1.8 | |
ICICI Bank Ltd. (India, Banks) | 1.8 | |
23.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 25.3 | |
Industrials | 24.9 | |
Financials | 21.7 | |
Consumer Discretionary | 10.2 | |
Health Care | 6.1 | |
Materials | 4.9 | |
Consumer Staples | 3.4 | |
Communication Services | 1.6 | |
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. |
Common Stocks - 98.1% | |||
Shares | Value ($) | ||
Brazil - 1.4% | |||
MercadoLibre, Inc. (a) | 76,918 | 112,200,287 | |
Canada - 10.4% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 2,127,220 | 117,899,892 | |
Brookfield Asset Management Ltd. Class A (b) | 2,651,429 | 101,258,074 | |
Canadian National Railway Co. | 962,405 | 116,811,282 | |
Canadian Pacific Kansas City Ltd. | 1,492,283 | 117,071,561 | |
CGI, Inc. Class A (sub. vtg.) (a) | 1,022,712 | 103,626,991 | |
Constellation Software, Inc. | 51,963 | 133,782,313 | |
Constellation Software, Inc. warrants 3/31/40 (a)(c) | 50,717 | 4 | |
Thomson Reuters Corp. (b) | 749,889 | 113,263,662 | |
TOTAL CANADA | 803,713,779 | ||
Denmark - 3.1% | |||
DSV A/S | 23,899 | 3,412,042 | |
Novo Nordisk A/S Series B | 1,832,256 | 234,972,743 | |
TOTAL DENMARK | 238,384,785 | ||
France - 13.7% | |||
Air Liquide SA | 685,401 | 134,049,780 | |
Capgemini SA | 536,075 | 112,672,818 | |
Dassault Systemes SA | 2,727,612 | 107,064,018 | |
EssilorLuxottica SA | 564,803 | 121,033,759 | |
Hermes International SCA | 54,316 | 130,481,546 | |
L'Oreal SA | 307,732 | 144,386,156 | |
LVMH Moet Hennessy Louis Vuitton SE | 218,685 | 179,635,805 | |
Safran SA | 605,225 | 131,232,159 | |
TOTAL FRANCE | 1,060,556,041 | ||
Germany - 2.0% | |||
SAP SE | 849,214 | 153,340,066 | |
India - 9.7% | |||
Axis Bank Ltd. | 9,328,325 | 130,168,620 | |
Bharti Airtel Ltd. | 7,931,012 | 125,501,806 | |
HCL Technologies Ltd. | 6,631,354 | 108,159,714 | |
HDFC Bank Ltd. | 7,443,331 | 135,136,840 | |
ICICI Bank Ltd. | 9,960,649 | 137,208,235 | |
Larsen & Toubro Ltd. | 2,734,128 | 117,495,579 | |
TOTAL INDIA | 753,670,794 | ||
Indonesia - 1.4% | |||
PT Bank Central Asia Tbk | 185,693,227 | 111,654,479 | |
Ireland - 1.5% | |||
Kingspan Group PLC (Ireland) | 1,325,669 | 118,627,120 | |
Italy - 1.8% | |||
Ferrari NV (Italy) | 328,425 | 135,711,727 | |
Japan - 8.0% | |||
Hoya Corp. | 1,004,723 | 116,487,409 | |
Keyence Corp. | 302,159 | 132,880,421 | |
OBIC Co. Ltd. | 809,497 | 103,993,284 | |
Shin-Etsu Chemical Co. Ltd. | 3,371,369 | 130,502,120 | |
Tokyo Electron Ltd. | 635,744 | 139,447,850 | |
TOTAL JAPAN | 623,311,084 | ||
Netherlands - 6.4% | |||
ASM International NV (Netherlands) | 220,680 | 140,175,372 | |
ASML Holding NV (Netherlands) | 263,995 | 234,601,122 | |
Wolters Kluwer NV | 817,437 | 122,785,904 | |
TOTAL NETHERLANDS | 497,562,398 | ||
Sweden - 2.9% | |||
ASSA ABLOY AB (B Shares) | 3,790,300 | 100,145,098 | |
Atlas Copco AB (A Shares) | 7,192,270 | 125,980,435 | |
TOTAL SWEDEN | 226,125,533 | ||
Switzerland - 2.9% | |||
Partners Group Holding AG | 80,846 | 104,613,889 | |
UBS Group AG | 4,610,575 | 121,728,208 | |
TOTAL SWITZERLAND | 226,342,097 | ||
Taiwan - 3.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 11,991,081 | 286,601,169 | |
United Kingdom - 12.2% | |||
3i Group PLC | 3,259,408 | 116,450,342 | |
Ashtead Group PLC | 1,808,352 | 132,007,366 | |
BAE Systems PLC | 7,199,957 | 119,751,243 | |
Compass Group PLC | 4,369,628 | 121,535,642 | |
InterContinental Hotel Group PLC | 1,110,857 | 108,346,342 | |
London Stock Exchange Group PLC | 1,031,273 | 113,687,648 | |
RELX PLC (London Stock Exchange) | 3,245,888 | 133,363,414 | |
Sage Group PLC | 7,161,989 | 104,348,411 | |
TOTAL UNITED KINGDOM | 949,490,408 | ||
United States of America - 17.0% | |||
Arthur J. Gallagher & Co. | 419,600 | 98,475,924 | |
Experian PLC | 2,792,606 | 112,636,818 | |
Linde PLC | 263,826 | 116,336,713 | |
Marsh & McLennan Companies, Inc. | 548,293 | 109,346,073 | |
MasterCard, Inc. Class A | 211,284 | 95,331,341 | |
Moody's Corp. | 291,820 | 108,069,701 | |
NVIDIA Corp. | 125,014 | 108,014,596 | |
S&P Global, Inc. | 265,839 | 110,543,831 | |
Schneider Electric SA | 681,611 | 155,416,378 | |
Uber Technologies, Inc. (a) | 1,497,099 | 99,212,751 | |
Visa, Inc. Class A | 357,769 | 96,100,331 | |
Waste Connections, Inc. (Canada) | 660,044 | 107,014,725 | |
TOTAL UNITED STATES OF AMERICA | 1,316,499,182 | ||
TOTAL COMMON STOCKS (Cost $5,655,661,304) | 7,613,790,949 | ||
Money Market Funds - 3.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 156,781,669 | 156,813,025 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 105,564,519 | 105,575,075 | |
TOTAL MONEY MARKET FUNDS (Cost $262,388,100) | 262,388,100 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% (Cost $5,918,049,404) | 7,876,179,049 |
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (119,376,444) |
NET ASSETS - 100.0% | 7,756,802,605 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.39% | 101,117,912 | 1,156,340,413 | 1,100,644,345 | 3,980,271 | (955) | - | 156,813,025 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.39% | 21,521,790 | 176,992,935 | 92,939,650 | 25,694 | - | - | 105,575,075 | 0.4% |
Total | 122,639,702 | 1,333,333,348 | 1,193,583,995 | 4,005,965 | (955) | - | 262,388,100 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 125,501,806 | - | 125,501,806 | - |
Consumer Discretionary | 787,911,349 | 378,393,560 | 409,517,789 | - |
Consumer Staples | 262,286,048 | 262,286,048 | - | - |
Financials | 1,689,773,536 | 945,467,372 | 744,306,164 | - |
Health Care | 472,493,911 | 121,033,759 | 351,460,152 | - |
Industrials | 1,926,227,537 | 930,206,413 | 996,021,124 | - |
Information Technology | 1,968,708,149 | 824,548,805 | 1,144,159,340 | 4 |
Materials | 380,888,613 | 116,336,713 | 264,551,900 | - |
Money Market Funds | 262,388,100 | 262,388,100 | - | - |
Total Investments in Securities: | 7,876,179,049 | 3,840,660,770 | 4,035,518,275 | 4 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $98,945,541) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,655,661,304) | $ | 7,613,790,949 | ||
Fidelity Central Funds (cost $262,388,100) | 262,388,100 | |||
Total Investment in Securities (cost $5,918,049,404) | $ | 7,876,179,049 | ||
Foreign currency held at value (cost $2,551,160) | 2,539,429 | |||
Receivable for investments sold | 711,280 | |||
Receivable for fund shares sold | 23,360,303 | |||
Dividends receivable | 15,208,544 | |||
Reclaims receivable | 9,643,677 | |||
Distributions receivable from Fidelity Central Funds | 1,023,591 | |||
Prepaid expenses | 1,996 | |||
Other receivables | 1,967,926 | |||
Total assets | 7,930,635,795 | |||
Liabilities | ||||
Payable for investments purchased | $ | 34,980,250 | ||
Payable for fund shares redeemed | 6,644,039 | |||
Accrued management fee | 5,581,149 | |||
Distribution and service plan fees payable | 288,596 | |||
Deferred taxes | 20,295,951 | |||
Other payables and accrued expenses | 468,130 | |||
Collateral on securities loaned | 105,575,075 | |||
Total liabilities | 173,833,190 | |||
Net Assets | $ | 7,756,802,605 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,301,337,647 | ||
Total accumulated earnings (loss) | 1,455,464,958 | |||
Net Assets | $ | 7,756,802,605 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($578,574,253 ÷ 20,297,402 shares)(a) | $ | 28.50 | ||
Maximum offering price per share (100/94.25 of $28.50) | $ | 30.24 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($176,441,351 ÷ 6,396,556 shares)(a) | $ | 27.58 | ||
Maximum offering price per share (100/96.50 of $27.58) | $ | 28.58 | ||
Class C : | ||||
Net Asset Value and offering price per share ($107,367,754 ÷ 4,435,976 shares)(a) | $ | 24.20 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($5,127,628,973 ÷ 167,047,258 shares) | $ | 30.70 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,766,790,274 ÷ 57,375,032 shares) | $ | 30.79 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 41,299,576 | ||
Income from Fidelity Central Funds (including $25,694 from security lending) | 4,005,965 | |||
Income before foreign taxes withheld | $ | 45,305,541 | ||
Less foreign taxes withheld | (3,759,782) | |||
Total income | 41,545,759 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 25,381,805 | ||
Performance adjustment | 2,514,947 | |||
Transfer agent fees | 3,183,738 | |||
Distribution and service plan fees | 1,673,834 | |||
Accounting fees | 576,480 | |||
Custodian fees and expenses | 370,388 | |||
Independent trustees' fees and expenses | 16,650 | |||
Registration fees | 247,695 | |||
Audit | 53,984 | |||
Legal | 4,038 | |||
Miscellaneous | 12,339 | |||
Total expenses before reductions | 34,035,898 | |||
Expense reductions | (314,912) | |||
Total expenses after reductions | 33,720,986 | |||
Net Investment income (loss) | 7,824,773 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,416,627) | 172,624,698 | |||
Fidelity Central Funds | (955) | |||
Foreign currency transactions | 377,151 | |||
Total net realized gain (loss) | 173,000,894 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $10,960,261) | 1,059,026,744 | |||
Assets and liabilities in foreign currencies | (291,755) | |||
Total change in net unrealized appreciation (depreciation) | 1,058,734,989 | |||
Net gain (loss) | 1,231,735,883 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,239,560,656 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 7,824,773 | $ | 25,633,375 |
Net realized gain (loss) | 173,000,894 | 65,435,640 | ||
Change in net unrealized appreciation (depreciation) | 1,058,734,989 | 619,562,948 | ||
Net increase (decrease) in net assets resulting from operations | 1,239,560,656 | 710,631,963 | ||
Distributions to shareholders | (23,553,740) | - | ||
Share transactions - net increase (decrease) | 821,046,905 | 263,865,104 | ||
Total increase (decrease) in net assets | 2,037,053,821 | 974,497,067 | ||
Net Assets | ||||
Beginning of period | 5,719,748,784 | 4,745,251,717 | ||
End of period | $ | 7,756,802,605 | $ | 5,719,748,784 |
Fidelity Advisor® International Capital Appreciation Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.51 | $ | 20.33 | $ | 30.72 | $ | 24.14 | $ | 21.45 | $ | 17.63 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | .06 | (.04) | (.09) | - C | .11 D | ||||||
Net realized and unrealized gain (loss) | 5.03 | 3.12 | (9.21) | 6.67 | 2.77 | 3.75 | ||||||
Total from investment operations | 5.03 | 3.18 | (9.25) | 6.58 | 2.77 | 3.86 | ||||||
Distributions from net investment income | (.04) | - | - | - | (.08) | (.04) | ||||||
Distributions from net realized gain | - | - | (1.14) | - | - | - | ||||||
Total distributions | (.04) | - | (1.14) | - | (.08) | (.04) | ||||||
Net asset value, end of period | $ | 28.50 | $ | 23.51 | $ | 20.33 | $ | 30.72 | $ | 24.14 | $ | 21.45 |
Total Return E,F,G | 21.43 % | 15.64% | (31.18)% | 27.26% | 12.97% | 21.93% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.18% J | 1.06% | 1.24% | 1.23% | 1.28% | 1.27% | ||||||
Expenses net of fee waivers, if any | 1.18 % J | 1.06% | 1.24% | 1.23% | 1.28% | 1.27% | ||||||
Expenses net of all reductions | 1.18% J | 1.06% | 1.24% | 1.23% | 1.24% | 1.25% | ||||||
Net investment income (loss) | (.01)% J | .23% | (.18)% | (.30)% | (.01)% | .57% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 578,574 | $ | 464,374 | $ | 400,112 | $ | 592,640 | $ | 382,795 | $ | 278,326 |
Portfolio turnover rate K | 43 % J | 80% | 110% L | 128% | 121% | 133% |
Fidelity Advisor® International Capital Appreciation Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.74 | $ | 19.71 | $ | 29.82 | $ | 23.49 | $ | 20.89 | $ | 17.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | (.01) | (.10) | (.15) | (.06) | .06 C | ||||||
Net realized and unrealized gain (loss) | 4.87 | 3.04 | (8.95) | 6.48 | 2.70 | 3.66 | ||||||
Total from investment operations | 4.84 | 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 | $ | 27.58 | $ | 22.74 | $ | 19.71 | $ | 29.82 | $ | 23.49 | $ | 20.89 |
Total Return D,E,F | 21.28 % | 15.37% | (31.39)% | 26.95% | 12.67% | 21.67% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.43% I | 1.31% | 1.49% | 1.49% | 1.53% | 1.53% | ||||||
Expenses net of fee waivers, if any | 1.42 % I | 1.31% | 1.49% | 1.48% | 1.53% | 1.53% | ||||||
Expenses net of all reductions | 1.42% I | 1.31% | 1.49% | 1.48% | 1.49% | 1.51% | ||||||
Net investment income (loss) | (.26)% I | (.02)% | (.43)% | (.55)% | (.26)% | .31% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 176,441 | $ | 149,358 | $ | 126,232 | $ | 191,997 | $ | 143,072 | $ | 127,176 |
Portfolio turnover rate J | 43 % I | 80% | 110% K | 128% | 121% | 133% |
Fidelity Advisor® International Capital Appreciation Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.00 | $ | 17.43 | $ | 26.58 | $ | 21.04 | $ | 18.77 | $ | 15.51 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.09) | (.11) | (.20) | (.26) | (.15) | (.03) C | ||||||
Net realized and unrealized gain (loss) | 4.29 | 2.68 | (7.92) | 5.80 | 2.42 | 3.29 | ||||||
Total from investment operations | 4.20 | 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 | $ | 24.20 | $ | 20.00 | $ | 17.43 | $ | 26.58 | $ | 21.04 | $ | 18.77 |
Total Return D,E,F | 21.00 % | 14.74% | (31.70)% | 26.33% | 12.09% | 21.02% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.93% I | 1.81% | 1.99% | 1.98% | 2.02% | 2.02% | ||||||
Expenses net of fee waivers, if any | 1.92 % I | 1.81% | 1.99% | 1.98% | 2.02% | 2.01% | ||||||
Expenses net of all reductions | 1.92% I | 1.81% | 1.99% | 1.98% | 1.99% | 2.00% | ||||||
Net investment income (loss) | (.75)% I | (.52)% | (.93)% | (1.05)% | (.75)% | (.17)% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 107,368 | $ | 96,072 | $ | 97,124 | $ | 169,018 | $ | 125,630 | $ | 112,150 |
Portfolio turnover rate J | 43 % I | 80% | 110% K | 128% | 121% | 133% |
Fidelity Advisor® International Capital Appreciation Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.33 | $ | 21.85 | $ | 32.92 | $ | 25.83 | $ | 22.93 | $ | 18.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .13 | .02 | (.01) | .06 | .18 C | ||||||
Net realized and unrealized gain (loss) | 5.44 | 3.35 | (9.88) | 7.13 | 2.97 | 4.00 | ||||||
Total from investment operations | 5.48 | 3.48 | (9.86) | 7.12 | 3.03 | 4.18 | ||||||
Distributions from net investment income | (.11) | - | - | (.03) | (.13) | (.10) | ||||||
Distributions from net realized gain | - | - | (1.21) | - | - | - | ||||||
Total distributions | (.11) | - | (1.21) | (.03) | (.13) | (.10) | ||||||
Net asset value, end of period | $ | 30.70 | $ | 25.33 | $ | 21.85 | $ | 32.92 | $ | 25.83 | $ | 22.93 |
Total Return D,E | 21.65 % | 15.93% | (31.01)% | 27.60% | 13.28% | 22.29% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .93% H | .80% | .98% | .97% | 1.01% | .99% | ||||||
Expenses net of fee waivers, if any | .93 % H | .79% | .97% | .97% | 1.01% | .99% | ||||||
Expenses net of all reductions | .93% H | .79% | .97% | .97% | .97% | .98% | ||||||
Net investment income (loss) | .24% H | .49% | .08% | (.04)% | .26% | .85% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,127,629 | $ | 3,758,357 | $ | 3,228,604 | $ | 6,128,293 | $ | 3,883,309 | $ | 2,020,956 |
Portfolio turnover rate I | 43 % H | 80% | 110% J | 128% | 121% | 133% |
Fidelity Advisor® International Capital Appreciation Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.43 | $ | 21.90 | $ | 32.99 | $ | 25.88 | $ | 22.96 | $ | 18.88 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .16 | .06 | .03 | .09 | .21 C | ||||||
Net realized and unrealized gain (loss) | 5.45 | 3.37 | (9.91) | 7.14 | 2.98 | 3.99 | ||||||
Total from investment operations | 5.50 | 3.53 | (9.85) | 7.17 | 3.07 | 4.20 | ||||||
Distributions from net investment income | (.14) | - | - | (.06) | (.15) | (.12) | ||||||
Distributions from net realized gain | - | - | (1.24) | - | - | - | ||||||
Total distributions | (.14) | - | (1.24) | (.06) | (.15) | (.12) | ||||||
Net asset value, end of period | $ | 30.79 | $ | 25.43 | $ | 21.90 | $ | 32.99 | $ | 25.88 | $ | 22.96 |
Total Return D,E | 21.66 % | 16.12% | (30.93)% | 27.73% | 13.45% | 22.41% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .82% H | .67% | .85% | .85% | .88% | .87% | ||||||
Expenses net of fee waivers, if any | .81 % H | .67% | .85% | .85% | .88% | .87% | ||||||
Expenses net of all reductions | .81% H | .67% | .85% | .85% | .84% | .85% | ||||||
Net investment income (loss) | .36% H | .62% | .21% | .09% | .39% | .97% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,766,790 | $ | 1,251,587 | $ | 893,180 | $ | 1,845,967 | $ | 1,130,329 | $ | 403,241 |
Portfolio turnover rate I | 43 % H | 80% | 110% J | 128% | 121% | 133% |
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% |
Gross unrealized appreciation | $2,028,963,496 |
Gross unrealized depreciation | (82,782,518) |
Net unrealized appreciation (depreciation) | $1,946,180,978 |
Tax cost | $5,929,998,071 |
Short-term | $(642,429,234) |
Total capital loss carryforward | $(642,429,234) |
Purchases ($) | Sales ($) | |
Fidelity Advisor International Capital Appreciation Fund | 2,280,717,601 | 1,503,324,322 |
Maximum Management Fee Rate % | |
Class A | 0.85% |
Class M | 0.85% |
Class C | 0.85% |
Class I | 0.84% |
Class Z | 0.71% |
Total Management Fee Rate % | |
Class A | 0.81 |
Class M | 0.81 |
Class C | 0.81 |
Class I | 0.81 |
Class Z | 0.69 |
Performance Adjustment Index | |
Fidelity Advisor International Capital Appreciation Fund | MSCI All Country World ex USA Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 694,912 | 26,093 |
Class M | .25% | .25% | 433,494 | 2,497 |
Class C | .75% | .25% | 545,428 | 55,418 |
1,673,834 | 84,008 |
Retained by FDC ($) | |
Class A | 90,171 |
Class M | 5,229 |
Class CA | 205 |
95,605 |
% of Class-Level Average Net Assets | |
Class A | 0.1799% |
Class M | 0.1815% |
Class C | 0.1814% |
Class I | 0.1672% |
Amount ($) | % of Class-Level Average Net Assets | |
Class A | 321,322 | .18 |
Class M | 102,129 | .18 |
Class C | 64,405 | .18 |
Class I | 2,487,537 | .17 |
Class Z | 208,345 | .04 |
3,183,738 |
% of Average Net Assets | |
Fidelity Advisor International Capital Appreciation Fund | 0.0257 |
% of Average Net Assets | |
Fidelity Advisor International Capital Appreciation Fund | .03 |
Amount ($) | |
Fidelity Advisor International Capital Appreciation Fund | 2,035 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor International Capital Appreciation Fund | 204,849,191 | 50,999,532 | 2,578,389 |
Amount ($) | |
Fidelity Advisor International Capital Appreciation Fund | 6,341 |
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 | 2,734 | - | - |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor International Capital Appreciation Fund | ||
Distributions to shareholders | ||
Class A | $870,929 | $- |
Class I | 15,991,995 | - |
Class Z | 6,690,816 | - |
Total | $23,553,740 | $- |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor International Capital Appreciation Fund | ||||
Class A | ||||
Shares sold | 2,830,403 | 4,796,858 | $79,039,232 | $115,824,521 |
Reinvestment of distributions | 31,487 | - | 831,259 | - |
Shares redeemed | (2,319,736) | (4,724,109) | (64,318,623) | (113,169,898) |
Net increase (decrease) | 542,154 | 72,749 | $15,551,868 | $2,654,623 |
Class M | ||||
Shares sold | 545,087 | 1,026,152 | $14,890,881 | $24,224,045 |
Shares redeemed | (717,342) | (861,061) | (19,309,455) | (19,943,927) |
Net increase (decrease) | (172,255) | 165,091 | $(4,418,574) | $4,280,118 |
Class C | ||||
Shares sold | 322,951 | 531,513 | $7,721,036 | $11,110,295 |
Shares redeemed | (690,288) | (1,301,508) | (16,341,053) | (26,610,764) |
Net increase (decrease) | (367,337) | (769,995) | $(8,620,017) | $(15,500,469) |
Class I | ||||
Shares sold | 39,855,055 | 48,481,950 | $1,199,808,089 | $1,261,327,839 |
Reinvestment of distributions | 460,990 | - | 13,087,499 | - |
Shares redeemed | (21,629,786) | (47,885,050) | (645,899,300) | (1,214,605,904) |
Net increase (decrease) | 18,686,259 | 596,900 | $566,996,288 | $46,721,935 |
Class Z | ||||
Shares sold | 14,713,300 | 21,823,068 | $445,800,974 | $566,083,303 |
Reinvestment of distributions | 186,982 | - | 5,323,368 | - |
Shares redeemed | (6,751,519) | (13,377,996) | (199,587,002) | (340,374,406) |
Net increase (decrease) | 8,148,763 | 8,445,072 | $251,537,340 | $225,708,897 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® International Capital Appreciation Fund | ||||||||||
Class A | 1.18% | |||||||||
Actual | $ 1,000 | $ 1,214.30 | $ 6.50 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.00 | $ 5.92 | |||||||
Class M | 1.42% | |||||||||
Actual | $ 1,000 | $ 1,212.80 | $ 7.81 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.80 | $ 7.12 | |||||||
Class C | 1.92% | |||||||||
Actual | $ 1,000 | $ 1,210.00 | $ 10.55 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.32 | $ 9.62 | |||||||
Class I | .93% | |||||||||
Actual | $ 1,000 | $ 1,216.50 | $ 5.13 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.24 | $ 4.67 | |||||||
Class Z ** | .81% | |||||||||
Actual | $ 1,000 | $ 1,216.60 | $ 4.46 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.84 | $ 4.07 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity Advisor® International Capital Appreciation Fund | ||||||
Class Z | .77% | |||||
Actual | $ 4.24 | |||||
Hypothetical- B | $ 3.87 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. | 11.0 | |
Sea Ltd. ADR | 5.8 | |
Samsung Electronics Co. Ltd. | 5.3 | |
PDD Holdings, Inc. ADR | 5.1 | |
MakeMyTrip Ltd. | 4.4 | |
Zomato Ltd. | 3.6 | |
SK Hynix, Inc. | 2.6 | |
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 2.1 | |
Reliance Industries Ltd. | 2.0 | |
Meituan Class B | 2.0 | |
43.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 33.5 | |
Consumer Discretionary | 23.5 | |
Communication Services | 10.9 | |
Health Care | 10.7 | |
Financials | 9.8 | |
Industrials | 7.9 | |
Energy | 2.0 | |
Materials | 0.9 | |
Consumer Staples | 0.8 | |
Real Estate | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.4)% |
Common Stocks - 98.8% | |||
Shares | Value ($) | ||
China - 35.2% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 407,100 | 7,915,414 | |
AK Medical Holdings Ltd. (a)(b) | 3,042,787 | 2,273,111 | |
Akeso, Inc. (b)(c) | 188,780 | 1,155,168 | |
Alibaba Group Holding Ltd. | 823,437 | 7,709,894 | |
Asymchem Laboratories Tianjin Co. Ltd.: | |||
(A Shares) | 51,021 | 580,545 | |
(H Shares) (a)(b) | 97,100 | 789,877 | |
Baidu, Inc. Class A (c) | 40,100 | 519,519 | |
Beijing Chunlizhengda Medical Instruments Co. Ltd. (c) | 267,700 | 828,094 | |
Beijing Sinohytec Co. Ltd. (A Shares) | 197,868 | 977,864 | |
Empyrean Technology Co. Ltd. (A Shares) | 79,100 | 852,955 | |
Estun Automation Co. Ltd. (A Shares) | 1,060,900 | 2,349,932 | |
Glodon Co. Ltd. (A Shares) | 2,088,181 | 3,247,736 | |
GRG Metrology & Test Co. Ltd. (A Shares) | 406,169 | 818,373 | |
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares) | 173,056 | 914,335 | |
Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 143,708 | 1,167,266 | |
Innovent Biologics, Inc. (b)(c) | 371,405 | 1,797,958 | |
Joinn Laboratories China Co. Ltd. (A Shares) | 291,436 | 656,767 | |
Kangji Medical Holdings Ltd. | 643,038 | 591,679 | |
Kanzhun Ltd. ADR | 66,180 | 1,309,702 | |
KE Holdings, Inc. ADR | 92,513 | 1,398,797 | |
Kindstar Globalgene Technology, Inc. (b)(c) | 2,605,082 | 519,314 | |
Kingsemi Co. Ltd. (A Shares) | 113,500 | 1,398,758 | |
Kuaishou Technology Class B (b)(c) | 296,600 | 2,079,376 | |
Li Auto, Inc. ADR (c) | 168,172 | 4,419,560 | |
Li Ning Co. Ltd. | 1,042,849 | 2,730,042 | |
Maxscend Microelectronics Co. Ltd. (A Shares) | 56,200 | 700,249 | |
Meituan Class B (b)(c) | 567,308 | 7,746,325 | |
Microport Cardioflow Medtech Corp. (a)(b)(c) | 4,100,175 | 546,058 | |
MicroPort NeuroTech Ltd. (a)(c) | 213,838 | 252,667 | |
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (b)(c) | 525,611 | 271,004 | |
NAURA Technology Group Co. Ltd. | 153,173 | 6,707,416 | |
NXP Semiconductors NV | 16,012 | 4,102,114 | |
PDD Holdings, Inc. ADR (c) | 153,632 | 19,231,654 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 799,827 | 3,624,883 | |
RLX Technology, Inc. ADR (a) | 290,639 | 563,840 | |
SG Micro Corp. (A Shares) | 34,500 | 364,383 | |
Shandong Weigao Orthopaedic Device Co. Ltd. (A Shares) (c) | 636,700 | 2,239,336 | |
Shanghai Aohua Photoelectricity Endoscope Co. Ltd. (A Shares) (c) | 168,230 | 1,237,844 | |
Shanghai MicroPort Endovascula MedTech Group Co. Ltd. (A Shares) (c) | 37,000 | 949,987 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 132,839 | 5,577,886 | |
Silergy Corp. | 82,000 | 1,087,116 | |
SITC International Holdings Co. Ltd. (a) | 616,336 | 1,336,583 | |
Smoore International Holdings Ltd. (a)(b) | 828,757 | 721,777 | |
SonoScape Medical Corp. (c) | 171,800 | 978,395 | |
Tencent Holdings Ltd. | 163,970 | 7,195,528 | |
Tofflon Science & Technology Group Co. Ltd. (A Shares) (c) | 1,010,086 | 2,082,061 | |
Trip.com Group Ltd. (c) | 42,340 | 2,062,270 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b)(c)(d) | 1,074,577 | 617,600 | |
Weihai Guangwei Composites Co. Ltd. (A Shares) | 337,844 | 1,211,408 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 484,627 | 2,181,350 | |
Wuxi Biologics (Cayman), Inc. (b)(c) | 498,528 | 863,618 | |
WuXi XDC Cayman, Inc. | 2,522,856 | 7,027,916 | |
Zai Lab Ltd. ADR (a)(c) | 38,440 | 607,352 | |
ZKH Group Ltd. (A Shares) (i) | 6,186,784 | 1,931,143 | |
Zylox-Tonbridge Medical Technology Co. Ltd. (b)(c) | 473,392 | 630,065 | |
TOTAL CHINA | 133,651,864 | ||
Hong Kong - 2.2% | |||
AIA Group Ltd. | 600,927 | 4,401,405 | |
Hong Kong Exchanges and Clearing Ltd. | 99,721 | 3,168,578 | |
Huanxi Media Group Ltd. (a)(c) | 9,140,292 | 661,687 | |
TOTAL HONG KONG | 8,231,670 | ||
India - 23.4% | |||
Amber Enterprises India Ltd. (c) | 19,405 | 890,745 | |
Aster DM Healthcare Ltd. (b) | 171,778 | 713,702 | |
Bajaj Finance Ltd. | 23,793 | 1,973,120 | |
Bharat Electronics Ltd. | 520,842 | 1,456,054 | |
Computer Age Management Services Private Ltd. | 123,807 | 4,743,951 | |
Delhivery Private Ltd. (c) | 1,026,146 | 5,515,063 | |
Devyani International Ltd. (c) | 413,942 | 822,224 | |
Eicher Motors Ltd. | 30,516 | 1,679,539 | |
GMR Airports Infrastructure Ltd. (c) | 1,354,005 | 1,376,752 | |
HDFC Asset Management Co. Ltd. (b) | 85,707 | 3,994,435 | |
HDFC Bank Ltd. | 408,828 | 7,422,446 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 297,758 | 2,077,774 | |
Hindustan Aeronautics Ltd. | 93,978 | 4,433,711 | |
INOX India Ltd. | 68,573 | 1,101,729 | |
Kotak Mahindra Bank Ltd. | 46,928 | 911,805 | |
Larsen & Toubro Ltd. | 34,427 | 1,479,455 | |
MakeMyTrip Ltd. (a)(c) | 249,374 | 16,511,053 | |
Page Industries Ltd. | 1,602 | 666,698 | |
Reliance Industries Ltd. | 220,870 | 7,751,273 | |
Sapphire Foods India Ltd. (c) | 75,380 | 1,284,037 | |
SIS Ltd. (c) | 211,100 | 1,180,589 | |
SRF Ltd. | 29,691 | 929,768 | |
Syngene International Ltd. (b) | 101,501 | 836,693 | |
Tata Motors Ltd. | 274,403 | 3,308,101 | |
Ultratech Cement Ltd. | 13,419 | 1,599,954 | |
Vijaya Diagnostic Centre Pvt Ltd. | 61,984 | 518,864 | |
Zomato Ltd. (c) | 5,892,166 | 13,594,823 | |
TOTAL INDIA | 88,774,358 | ||
Indonesia - 1.3% | |||
PT Bank Central Asia Tbk | 5,058,252 | 3,041,449 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 6,274,612 | 1,899,347 | |
TOTAL INDONESIA | 4,940,796 | ||
Japan - 1.6% | |||
Freee KK (c) | 83,448 | 1,460,594 | |
Money Forward, Inc. (c) | 75,400 | 2,625,531 | |
Renesas Electronics Corp. | 122,231 | 1,984,512 | |
TOTAL JAPAN | 6,070,637 | ||
Korea (South) - 11.8% | |||
Delivery Hero AG (b)(c) | 123,603 | 3,458,108 | |
Gabia, Inc. | 64,100 | 820,664 | |
HD Hyundai Marine Solution Co. Ltd. (e) | 900 | 54,157 | |
Kakao Corp. | 37,192 | 1,288,020 | |
Kakao Pay Corp. (c) | 57,171 | 1,436,760 | |
Kia Corp. | 39,412 | 3,329,740 | |
LG Energy Solution (c) | 1,335 | 370,383 | |
NAVER Corp. | 31,273 | 4,113,347 | |
Samsung Electronics Co. Ltd. | 362,612 | 20,099,955 | |
SK Hynix, Inc. | 79,257 | 9,753,383 | |
TOTAL KOREA (SOUTH) | 44,724,517 | ||
Netherlands - 1.0% | |||
ASML Holding NV (Netherlands) | 4,242 | 3,769,685 | |
Singapore - 6.6% | |||
Oversea-Chinese Banking Corp. Ltd. | 159,570 | 1,656,588 | |
Sea Ltd. ADR (c) | 349,778 | 22,102,472 | |
United Overseas Bank Ltd. | 57,133 | 1,267,827 | |
TOTAL SINGAPORE | 25,026,887 | ||
Switzerland - 0.5% | |||
Yunnan Botanee Bio-Technology Group Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 3/10/25 (b)(c) | 87,100 | 682,052 | |
ZWSOFT Co. Ltd. Guangzhou (UBS AG London Branch Bank Warrant Programme) Class A warrants 9/25/25 (b)(c) | 97,608 | 1,112,675 | |
TOTAL SWITZERLAND | 1,794,727 | ||
Taiwan - 12.0% | |||
MediaTek, Inc. | 47,000 | 1,414,586 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,641,393 | 39,231,254 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 19,188 | 2,635,280 | |
Unimicron Technology Corp. | 430,000 | 2,373,683 | |
TOTAL TAIWAN | 45,654,803 | ||
United Kingdom - 0.2% | |||
Endava PLC ADR (c) | 30,945 | 897,405 | |
United States of America - 2.7% | |||
Frontage Holdings Corp. (a)(b)(c) | 5,152,138 | 806,661 | |
Micron Technology, Inc. | 27,433 | 3,098,832 | |
NVIDIA Corp. | 2,893 | 2,499,610 | |
ON Semiconductor Corp. (c) | 28,681 | 2,012,259 | |
Space Exploration Technologies Corp. Class A (c)(d)(f) | 6,000 | 582,000 | |
Teradyne, Inc. | 12,642 | 1,470,517 | |
TOTAL UNITED STATES OF AMERICA | 10,469,879 | ||
Vietnam - 0.3% | |||
Vietnam Dairy Products Corp. | 491,921 | 1,259,857 | |
TOTAL COMMON STOCKS (Cost $297,527,277) | 375,267,085 | ||
Preferred Stocks - 1.6% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.8% | |||
China - 0.8% | |||
ByteDance Ltd. Series E1 (c)(d)(f) | 11,980 | 2,761,031 | |
dMed Biopharmaceutical Co. Ltd. Series C (c)(d)(f) | 65,318 | 322,018 | |
3,083,049 | |||
Nonconvertible Preferred Stocks - 0.8% | |||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 61,361 | 2,856,993 | |
TOTAL PREFERRED STOCKS (Cost $4,243,599) | 5,940,042 | ||
Money Market Funds - 2.6% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) (Cost $10,028,830) | 10,027,828 | 10,028,830 | |
TOTAL INVESTMENT IN SECURITIES - 103.0% (Cost $311,799,706) | 391,235,957 |
NET OTHER ASSETS (LIABILITIES) - (3.0)% | (11,440,504) |
NET ASSETS - 100.0% | 379,795,453 |
ELS | - | EQUITY-LINKED SECURITY |
(a) | Security or a portion of the security is on loan at period end. |
(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 $35,874,701 or 9.4% of net assets. |
(c) | Non-income producing |
(d) | Level 3 security |
(e) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(f) | 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 $3,665,049 or 1.0% of net assets. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
(i) | Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $1,931,143 and all restrictions are set to expire on or before June 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 1,312,699 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 927,721 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 251,994 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | - | 69,140,217 | 69,140,242 | 57,316 | 25 | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 7,074,240 | 44,994,367 | 42,039,777 | 41,333 | - | - | 10,028,830 | 0.0% |
Total | 7,074,240 | 114,134,584 | 111,180,019 | 98,649 | 25 | - | 10,028,830 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 42,030,682 | 23,412,174 | 15,857,477 | 2,761,031 |
Consumer Discretionary | 89,444,813 | 40,162,267 | 49,282,546 | - |
Consumer Staples | 3,227,526 | 563,840 | 2,663,686 | - |
Energy | 7,751,273 | - | 7,751,273 | - |
Financials | 36,876,417 | - | 36,876,417 | - |
Health Care | 40,535,191 | 607,352 | 38,988,221 | 939,618 |
Industrials | 29,707,739 | - | 29,125,739 | 582,000 |
Information Technology | 126,493,559 | 20,485,702 | 106,007,857 | - |
Materials | 3,741,130 | - | 3,741,130 | - |
Real Estate | 1,398,797 | 1,398,797 | - | - |
Money Market Funds | 10,028,830 | 10,028,830 | - | - |
Total Investments in Securities: | 391,235,957 | 96,658,962 | 290,294,346 | 4,282,649 |
Investments in Securities: | |||
Beginning Balance | $ | 6,278,069 | |
Net Realized Gain (Loss) on Investment Securities | (4,165,445) | ||
Net Unrealized Gain (Loss) on Investment Securities | 4,405,085 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (1,106,365) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 609,562 | ||
Transfers out of Level 3 | (1,738,257) | ||
Ending Balance | $ | 4,282,649 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2024 | $ | 3,237 | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $9,296,669) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $301,770,876) | $ | 381,207,127 | ||
Fidelity Central Funds (cost $10,028,830) | 10,028,830 | |||
Total Investment in Securities (cost $311,799,706) | $ | 391,235,957 | ||
Foreign currency held at value (cost $538,896) | 538,314 | |||
Receivable for investments sold | 5,186,796 | |||
Receivable for fund shares sold | 254,632 | |||
Dividends receivable | 390,242 | |||
Distributions receivable from Fidelity Central Funds | 15,232 | |||
Prepaid expenses | 159 | |||
Other receivables | 230,141 | |||
Total assets | 397,851,473 | |||
Liabilities | ||||
Payable to custodian bank | $ | 2,093,368 | ||
Payable for investments purchased | ||||
Regular delivery | 1,965,693 | |||
Delayed delivery | 54,698 | |||
Payable for fund shares redeemed | 291,650 | |||
Accrued management fee | 267,791 | |||
Distribution and service plan fees payable | 47,827 | |||
Deferred taxes | 3,081,898 | |||
Other payables and accrued expenses | 228,804 | |||
Collateral on securities loaned | 10,024,291 | |||
Total liabilities | 18,056,020 | |||
Net Assets | $ | 379,795,453 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 487,391,005 | ||
Total accumulated earnings (loss) | (107,595,552) | |||
Net Assets | $ | 379,795,453 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($128,781,325 ÷ 3,168,750 shares)(a) | $ | 40.64 | ||
Maximum offering price per share (100/94.25 of $40.64) | $ | 43.12 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($33,043,141 ÷ 852,557 shares)(a) | $ | 38.76 | ||
Maximum offering price per share (100/96.50 of $38.76) | $ | 40.17 | ||
Class C : | ||||
Net Asset Value and offering price per share ($8,816,231 ÷ 255,115 shares)(a) | $ | 34.56 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($140,331,428 ÷ 3,292,435 shares) | $ | 42.62 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($68,823,328 ÷ 1,614,745 shares) | $ | 42.62 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,951,741 | ||
Income from Fidelity Central Funds (including $41,333 from security lending) | 98,649 | |||
Income before foreign taxes withheld | $ | 2,050,390 | ||
Less foreign taxes withheld | (307,258) | |||
Total income | 1,743,132 | |||
Expenses | ||||
Management fee | $ | 1,400,431 | ||
Transfer agent fees | 205,650 | |||
Distribution and service plan fees | 286,125 | |||
Accounting fees | 63,648 | |||
Custodian fees and expenses | 71,530 | |||
Independent trustees' fees and expenses | 1,010 | |||
Registration fees | 65,972 | |||
Audit | 62,732 | |||
Legal | 916 | |||
Interest | 3,583 | |||
Miscellaneous | 838 | |||
Total expenses before reductions | 2,162,435 | |||
Expense reductions | (17,228) | |||
Total expenses after reductions | 2,145,207 | |||
Net Investment income (loss) | (402,075) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,660,372) | 3,652,179 | |||
Fidelity Central Funds | 25 | |||
Foreign currency transactions | (3,787) | |||
Total net realized gain (loss) | 3,648,417 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $587,642) | 55,720,965 | |||
Assets and liabilities in foreign currencies | 115,751 | |||
Total change in net unrealized appreciation (depreciation) | 55,836,716 | |||
Net gain (loss) | 59,485,133 | |||
Net increase (decrease) in net assets resulting from operations | $ | 59,083,058 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (402,075) | $ | (539,519) |
Net realized gain (loss) | 3,648,417 | (80,332,504) | ||
Change in net unrealized appreciation (depreciation) | 55,836,716 | 150,350,780 | ||
Net increase (decrease) in net assets resulting from operations | 59,083,058 | 69,478,757 | ||
Share transactions - net increase (decrease) | (62,027,171) | (55,569,856) | ||
Total increase (decrease) in net assets | (2,944,113) | 13,908,901 | ||
Net Assets | ||||
Beginning of period | 382,739,566 | 368,830,665 | ||
End of period | $ | 379,795,453 | $ | 382,739,566 |
Fidelity Advisor® Emerging Asia Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 34.91 | $ | 29.31 | $ | 61.78 | $ | 56.33 | $ | 39.85 | $ | 33.52 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.07) | (.10) | (.25) | (.40) C | (.18) | .23 | ||||||
Net realized and unrealized gain (loss) | 5.80 | 5.70 | (25.86) | 10.17 | 18.77 | 8.23 | ||||||
Total from investment operations | 5.73 | 5.60 | (26.11) | 9.77 | 18.59 | 8.46 | ||||||
Distributions from net investment income | - | - | - | - | (.13) D | (.19) | ||||||
Distributions from net realized gain | - | - | (6.36) | (4.32) | (1.99) D | (1.93) | ||||||
Total distributions | - | - | (6.36) | (4.32) | (2.11) E | (2.13) E | ||||||
Net asset value, end of period | $ | 40.64 | $ | 34.91 | $ | 29.31 | $ | 61.78 | $ | 56.33 | $ | 39.85 |
Total Return F,G,H | 16.41 % | 19.11% | (46.56)% | 17.45% | 49.18% | 26.60% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.27% K | 1.28% | 1.25% | 1.20% | 1.26% | 1.32% | ||||||
Expenses net of fee waivers, if any | 1.26 % K | 1.27% | 1.25% | 1.20% | 1.26% | 1.32% | ||||||
Expenses net of all reductions | 1.26% K | 1.27% | 1.25% | 1.20% | 1.23% | 1.31% | ||||||
Net investment income (loss) | (.35)% K | (.28)% | (.61)% | (.61)% C | (.40)% | .62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 128,781 | $ | 122,142 | $ | 115,657 | $ | 271,275 | $ | 208,546 | $ | 144,577 |
Portfolio turnover rate L | 66 % K | 58% | 44% | 79% | 110% | 69% M |
Fidelity Advisor® Emerging Asia Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 33.33 | $ | 28.07 | $ | 59.60 | $ | 54.51 | $ | 38.61 | $ | 32.50 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.11) | (.19) | (.34) | (.55) C | (.29) | .12 | ||||||
Net realized and unrealized gain (loss) | 5.54 | 5.45 | (24.83) | 9.87 | 18.19 | 7.98 | ||||||
Total from investment operations | 5.43 | 5.26 | (25.17) | 9.32 | 17.90 | 8.10 | ||||||
Distributions from net investment income | - | - | - | - | (.01) D | (.05) | ||||||
Distributions from net realized gain | - | - | (6.36) | (4.23) | (1.99) D | (1.93) | ||||||
Total distributions | - | - | (6.36) | (4.23) | (2.00) | (1.99) E | ||||||
Net asset value, end of period | $ | 38.76 | $ | 33.33 | $ | 28.07 | $ | 59.60 | $ | 54.51 | $ | 38.61 |
Total Return F,G,H | 16.29 % | 18.74% | (46.70)% | 17.18% | 48.78% | 26.21% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.52% K | 1.55% | 1.52% | 1.45% | 1.54% | 1.61% | ||||||
Expenses net of fee waivers, if any | 1.51 % K | 1.55% | 1.52% | 1.45% | 1.53% | 1.61% | ||||||
Expenses net of all reductions | 1.51% K | 1.54% | 1.52% | 1.45% | 1.51% | 1.60% | ||||||
Net investment income (loss) | (.61)% K | (.55)% | (.88)% | (.87)% C | (.68)% | .32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 33,043 | $ | 30,814 | $ | 27,239 | $ | 60,893 | $ | 54,436 | $ | 39,197 |
Portfolio turnover rate L | 66 % K | 58% | 44% | 79% | 110% | 69% M |
Fidelity Advisor® Emerging Asia Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 29.79 | $ | 25.21 | $ | 54.45 | $ | 50.22 | $ | 35.77 | $ | 30.32 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.18) | (.31) | (.48) | (.80) C | (.47) | (.04) | ||||||
Net realized and unrealized gain (loss) | 4.95 | 4.89 | (22.40) | 9.10 | 16.79 | 7.42 | ||||||
Total from investment operations | 4.77 | 4.58 | (22.88) | 8.30 | 16.32 | 7.38 | ||||||
Distributions from net realized gain | - | - | (6.36) | (4.07) | (1.87) | (1.93) | ||||||
Total distributions | - | - | (6.36) | (4.07) | (1.87) | (1.93) | ||||||
Net asset value, end of period | $ | 34.56 | $ | 29.79 | $ | 25.21 | $ | 54.45 | $ | 50.22 | $ | 35.77 |
Total Return D,E,F | 16.01 % | 18.17% | (46.94)% | 16.58% | 48.03% | 25.67% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.00% I | 2.01% | 1.99% | 1.96% | 2.03% | 2.08% | ||||||
Expenses net of fee waivers, if any | 1.99 % I | 2.01% | 1.99% | 1.96% | 2.02% | 2.07% | ||||||
Expenses net of all reductions | 1.99% I | 2.01% | 1.99% | 1.96% | 1.99% | 2.06% | ||||||
Net investment income (loss) | (1.08)% I | (1.02)% | (1.35)% | (1.37)% C | (1.17)% | (.14)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 8,816 | $ | 8,864 | $ | 9,087 | $ | 26,377 | $ | 28,233 | $ | 23,584 |
Portfolio turnover rate J | 66 % I | 58% | 44% | 79% | 110% | 69% K |
Fidelity Advisor® Emerging Asia Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.56 | $ | 30.61 | $ | 64.13 | $ | 58.29 | $ | 41.16 | $ | 34.60 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | - C | (.14) | (.24) D | (.07) | .34 | ||||||
Net realized and unrealized gain (loss) | 6.07 | 5.95 | (26.95) | 10.53 | 19.42 | 8.48 | ||||||
Total from investment operations | 6.06 | 5.95 | (27.09) | 10.29 | 19.35 | 8.82 | ||||||
Distributions from net investment income | - | - | (.07) | - | (.23) E | (.33) | ||||||
Distributions from net realized gain | - | - | (6.36) | (4.45) | (1.99) E | (1.93) | ||||||
Total distributions | - | - | (6.43) | (4.45) | (2.22) | (2.26) | ||||||
Net asset value, end of period | $ | 42.62 | $ | 36.56 | $ | 30.61 | $ | 64.13 | $ | 58.29 | $ | 41.16 |
Total Return F,G | 16.58 % | 19.44% | (46.41)% | 17.77% | 49.59% | 26.93% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .99% J | .99% | .97% | .94% | 1.00% | 1.04% | ||||||
Expenses net of fee waivers, if any | .98 % J | .99% | .97% | .94% | 1.00% | 1.03% | ||||||
Expenses net of all reductions | .98% J | .99% | .97% | .94% | .97% | 1.03% | ||||||
Net investment income (loss) | (.07)% J | -% K | (.33)% | (.36)% D | (.14)% | .90% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 140,331 | $ | 152,325 | $ | 143,659 | $ | 472,553 | $ | 414,664 | $ | 76,981 |
Portfolio turnover rate L | 66 % J | 58% | 44% | 79% | 110% | 69% M |
Fidelity Advisor® Emerging Asia Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.53 | $ | 30.55 | $ | 64.10 | $ | 58.22 | $ | 41.12 | $ | 34.60 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | .05 | (.08) | (.15) C | - D | .40 | ||||||
Net realized and unrealized gain (loss) | 6.08 | 5.93 | (26.89) | 10.50 | 19.38 | 8.47 | ||||||
Total from investment operations | 6.09 | 5.98 | (26.97) | 10.35 | 19.38 | 8.87 | ||||||
Distributions from net investment income | - | - | (.22) | - | (.30) E | (.42) | ||||||
Distributions from net realized gain | - | - | (6.36) | (4.47) | (1.99) E | (1.93) | ||||||
Total distributions | - | - | (6.58) | (4.47) | (2.28) F | (2.35) | ||||||
Net asset value, end of period | $ | 42.62 | $ | 36.53 | $ | 30.55 | $ | 64.10 | $ | 58.22 | $ | 41.12 |
Total Return G,H | 16.67 % | 19.57% | (46.34)% | 17.92% | 49.80% | 27.14% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .85% K | .86% | .84% | .81% | .86% | .89% | ||||||
Expenses net of fee waivers, if any | .85 % K | .85% | .84% | .81% | .85% | .89% | ||||||
Expenses net of all reductions | .85% K | .85% | .84% | .81% | .82% | .89% | ||||||
Net investment income (loss) | .06% K | .14% | (.20)% | (.22)% C | -% L | 1.04% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 68,823 | $ | 68,594 | $ | 73,190 | $ | 264,327 | $ | 103,477 | $ | 44,545 |
Portfolio turnover rate M | 66 % K | 58% | 44% | 79% | 110% | 69% N |
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% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $4,282,649 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.5 - 2.8 / 2.7 | Increase |
Enterprise value/EBITDA multiple (EV/EBITDA) | 16.9 | Increase | |||
Market approach | Discount rate | 20.0% | Decrease | ||
Black scholes | Discount rate | 4.8% | Increase | ||
Term | 3.0 | Increase | |||
Volatility | 60.0% | Increase |
Gross unrealized appreciation | $133,881,994 |
Gross unrealized depreciation | (58,930,255) |
Net unrealized appreciation (depreciation) | $74,951,739 |
Tax cost | $316,284,218 |
Short-term | $(80,563,041) |
Long-term | (105,506,635) |
Total capital loss carryforward | $(186,069,676) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Emerging Asia Fund | 126,085,015 | 185,422,967 |
Maximum Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .87 |
Class I | .86 |
Class Z | .72 |
Total Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .87 |
Class I | .86 |
Class Z | .72 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 159,932 | 1,806 |
Class M | .25% | .25% | 81,156 | 616 |
Class C | .75% | .25% | 45,037 | 4,469 |
286,125 | 6,891 |
Retained by FDC ($) | |
Class A | 6,267 |
Class M | 428 |
Class CA | 40 |
6,735 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .1874 |
Class I | .1732 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 85,161 | .20 |
Class M | 22,247 | .21 |
Class C | 5,673 | .19 |
Class I | 82,816 | .17 |
Class Z | 9,753 | .04 |
205,650 |
% of Average Net Assets | |
Fidelity Advisor Emerging Asia Fund | .0497 |
% of Average Net Assets | |
Fidelity Advisor Emerging Asia Fund | .05 |
Amount ($) | |
Fidelity Advisor Emerging Asia Fund | 584 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Advisor Emerging Asia Fund | Borrower | 3,310,714 | 5.57% | 3,583 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Emerging Asia Fund | 2,954,922 | 9,683,774 | 563,643 |
Amount ($) | |
Fidelity Advisor Emerging Asia Fund | 359 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Emerging Asia Fund | 4,378 | 1 | - |
Expense reduction ($) | |
Class M | 109 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Emerging Asia Fund | ||||
Class A | ||||
Shares sold | 89,041 | 281,898 | $3,416,936 | $10,325,265 |
Shares redeemed | (419,453) | (728,232) | (16,103,496) | (26,132,011) |
Net increase (decrease) | (330,412) | (446,334) | $(12,686,560) | $(15,806,746) |
Class M | ||||
Shares sold | 21,499 | 82,598 | $796,238 | $2,883,095 |
Shares redeemed | (93,451) | (128,553) | (3,418,102) | (4,423,525) |
Net increase (decrease) | (71,952) | (45,955) | $(2,621,864) | $(1,540,430) |
Class C | ||||
Shares sold | 19,922 | 54,577 | $647,619 | $1,704,473 |
Shares redeemed | (62,341) | (117,545) | (2,039,926) | (3,620,432) |
Net increase (decrease) | (42,419) | (62,968) | $(1,392,307) | $(1,915,959) |
Class I | ||||
Shares sold | 381,406 | 2,605,228 | $15,472,912 | $100,199,113 |
Shares redeemed | (1,255,766) | (3,131,075) | (50,287,317) | (117,071,474) |
Net increase (decrease) | (874,360) | (525,847) | $(34,814,405) | $(16,872,361) |
Class Z | ||||
Shares sold | 119,120 | 487,825 | $4,841,643 | $18,334,130 |
Shares redeemed | (382,001) | (1,005,778) | (15,353,678) | (37,768,490) |
Net increase (decrease) | (262,881) | (517,953) | $(10,512,035) | $(19,434,360) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Emerging Asia Fund | ||||||||||
Class A | 1.26% | |||||||||
Actual | $ 1,000 | $ 1,164.10 | $ 6.78 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.60 | $ 6.32 | |||||||
Class M | 1.51% | |||||||||
Actual | $ 1,000 | $ 1,162.90 | $ 8.12 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.35 | $ 7.57 | |||||||
Class C | 1.99% | |||||||||
Actual | $ 1,000 | $ 1,160.10 | $ 10.69 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.97 | $ 9.97 | |||||||
Class I | .98% | |||||||||
Actual | $ 1,000 | $ 1,165.80 | $ 5.28 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.99 | $ 4.92 | |||||||
Class Z | .85% | |||||||||
Actual | $ 1,000 | $ 1,166.70 | $ 4.58 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.64 | $ 4.27 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Cigna Group | 6.0 | |
JPMorgan Chase & Co. | 5.7 | |
UnitedHealth Group, Inc. | 4.6 | |
Comcast Corp. Class A | 4.6 | |
Exxon Mobil Corp. | 4.4 | |
Centene Corp. | 4.3 | |
Bank of America Corp. | 4.2 | |
Shell PLC ADR | 4.2 | |
H&R Block, Inc. | 4.1 | |
The Walt Disney Co. | 3.6 | |
45.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.3 | |
Health Care | 18.1 | |
Energy | 12.3 | |
Information Technology | 9.4 | |
Consumer Staples | 9.0 | |
Communication Services | 8.2 | |
Utilities | 6.9 | |
Industrials | 6.3 | |
Consumer Discretionary | 4.1 | |
Materials | 1.8 | |
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. |
Common Stocks - 94.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 8.2% | |||
Entertainment - 3.6% | |||
The Walt Disney Co. | 11,105 | 1,233,766 | |
Media - 4.6% | |||
Comcast Corp. Class A | 40,977 | 1,561,633 | |
TOTAL COMMUNICATION SERVICES | 2,795,399 | ||
CONSUMER DISCRETIONARY - 4.1% | |||
Diversified Consumer Services - 4.1% | |||
H&R Block, Inc. | 29,506 | 1,393,568 | |
CONSUMER STAPLES - 9.0% | |||
Beverages - 1.7% | |||
Keurig Dr. Pepper, Inc. | 17,100 | 576,270 | |
Food Products - 4.5% | |||
Lamb Weston Holdings, Inc. | 4,800 | 400,032 | |
Mondelez International, Inc. | 8,170 | 587,750 | |
Tyson Foods, Inc. Class A | 9,160 | 555,554 | |
1,543,336 | |||
Personal Care Products - 2.8% | |||
Kenvue, Inc. | 50,597 | 952,236 | |
TOTAL CONSUMER STAPLES | 3,071,842 | ||
ENERGY - 12.3% | |||
Oil, Gas & Consumable Fuels - 12.3% | |||
Exxon Mobil Corp. | 12,600 | 1,490,202 | |
Ovintiv, Inc. | 7,933 | 407,122 | |
Parex Resources, Inc. | 49,700 | 866,451 | |
Shell PLC ADR | 20,074 | 1,438,503 | |
4,202,278 | |||
FINANCIALS - 22.3% | |||
Banks - 16.4% | |||
Bank of America Corp. | 39,255 | 1,452,828 | |
JPMorgan Chase & Co. | 10,102 | 1,936,957 | |
PNC Financial Services Group, Inc. | 4,403 | 674,804 | |
U.S. Bancorp | 18,460 | 750,030 | |
Wells Fargo & Co. | 13,261 | 786,643 | |
5,601,262 | |||
Insurance - 5.9% | |||
Chubb Ltd. | 4,113 | 1,022,656 | |
The Travelers Companies, Inc. | 4,648 | 986,120 | |
2,008,776 | |||
TOTAL FINANCIALS | 7,610,038 | ||
HEALTH CARE - 18.1% | |||
Health Care Providers & Services - 16.2% | |||
Centene Corp. (a) | 20,052 | 1,464,999 | |
Cigna Group | 5,737 | 2,048,336 | |
Elevance Health, Inc. | 803 | 424,450 | |
UnitedHealth Group, Inc. | 3,272 | 1,582,666 | |
5,520,451 | |||
Pharmaceuticals - 1.9% | |||
AstraZeneca PLC sponsored ADR | 8,629 | 654,769 | |
TOTAL HEALTH CARE | 6,175,220 | ||
INDUSTRIALS - 6.3% | |||
Air Freight & Logistics - 0.9% | |||
FedEx Corp. | 1,200 | 314,136 | |
Electrical Equipment - 0.9% | |||
Regal Rexnord Corp. | 2,000 | 322,740 | |
Industrial Conglomerates - 2.1% | |||
Siemens AG | 3,737 | 700,066 | |
Machinery - 2.4% | |||
Deere & Co. | 2,100 | 821,961 | |
TOTAL INDUSTRIALS | 2,158,903 | ||
INFORMATION TECHNOLOGY - 5.9% | |||
IT Services - 3.1% | |||
Amdocs Ltd. | 12,394 | 1,040,972 | |
Software - 2.8% | |||
Gen Digital, Inc. | 47,819 | 963,075 | |
TOTAL INFORMATION TECHNOLOGY | 2,004,047 | ||
MATERIALS - 1.8% | |||
Chemicals - 1.8% | |||
CF Industries Holdings, Inc. | 4,000 | 315,880 | |
Nutrien Ltd. | 6,000 | 316,620 | |
632,500 | |||
UTILITIES - 6.9% | |||
Electric Utilities - 5.3% | |||
Edison International | 10,100 | 717,706 | |
PG&E Corp. | 64,940 | 1,111,123 | |
1,828,829 | |||
Independent Power and Renewable Electricity Producers - 1.6% | |||
The AES Corp. | 30,057 | 538,020 | |
TOTAL UTILITIES | 2,366,849 | ||
TOTAL COMMON STOCKS (Cost $26,378,824) | 32,410,644 | ||
Nonconvertible Preferred Stocks - 3.5% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 3.5% | |||
Technology Hardware, Storage & Peripherals - 3.5% | |||
Samsung Electronics Co. Ltd. (Cost $1,040,499) | 25,791 | 1,200,840 | |
Money Market Funds - 1.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (b) (Cost $559,677) | 559,565 | 559,677 | |
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $27,979,000) | 34,171,161 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (18,497) |
NET ASSETS - 100.0% | 34,152,664 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 5.39% | 604,938 | 4,625,128 | 4,670,422 | 21,917 | 33 | - | 559,677 | 0.0% |
Total | 604,938 | 4,625,128 | 4,670,422 | 21,917 | 33 | - | 559,677 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,795,399 | 2,795,399 | - | - |
Consumer Discretionary | 1,393,568 | 1,393,568 | - | - |
Consumer Staples | 3,071,842 | 3,071,842 | - | - |
Energy | 4,202,278 | 4,202,278 | - | - |
Financials | 7,610,038 | 7,610,038 | - | - |
Health Care | 6,175,220 | 6,175,220 | - | - |
Industrials | 2,158,903 | 1,458,837 | 700,066 | - |
Information Technology | 3,204,887 | 2,004,047 | 1,200,840 | - |
Materials | 632,500 | 632,500 | - | - |
Utilities | 2,366,849 | 2,366,849 | - | - |
Money Market Funds | 559,677 | 559,677 | - | - |
Total Investments in Securities: | 34,171,161 | 32,270,255 | 1,900,906 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $27,419,323) | $ | 33,611,484 | ||
Fidelity Central Funds (cost $559,677) | 559,677 | |||
Total Investment in Securities (cost $27,979,000) | $ | 34,171,161 | ||
Receivable for fund shares sold | 6,151 | |||
Dividends receivable | 37,552 | |||
Distributions receivable from Fidelity Central Funds | 1,904 | |||
Prepaid expenses | 12 | |||
Receivable from investment adviser for expense reductions | 17,927 | |||
Total assets | 34,234,707 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 22,580 | ||
Accrued management fee | 23,594 | |||
Distribution and service plan fees payable | 8,667 | |||
Audit fee payable | 25,208 | |||
Other payables and accrued expenses | 1,994 | |||
Total liabilities | 82,043 | |||
Net Assets | $ | 34,152,664 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 25,746,017 | ||
Total accumulated earnings (loss) | 8,406,647 | |||
Net Assets | $ | 34,152,664 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($20,427,878 ÷ 924,381 shares)(a) | $ | 22.10 | ||
Maximum offering price per share (100/94.25 of $22.10) | $ | 23.45 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($5,664,316 ÷ 254,917 shares)(a) | $ | 22.22 | ||
Maximum offering price per share (100/96.50 of $22.22) | $ | 23.03 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,457,341 ÷ 114,924 shares)(a) | $ | 21.38 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($5,603,129 ÷ 251,878 shares) | $ | 22.25 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 372,946 | ||
Income from Fidelity Central Funds | 21,917 | |||
Total income | 394,863 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 98,081 | ||
Performance adjustment | 22,196 | |||
Transfer agent fees | 21,178 | |||
Distribution and service plan fees | 51,356 | |||
Accounting fees and expenses | 3,916 | |||
Custodian fees and expenses | 1,825 | |||
Independent trustees' fees and expenses | 85 | |||
Registration fees | 32,668 | |||
Audit | 23,573 | |||
Legal | 1,033 | |||
Miscellaneous | 66 | |||
Total expenses before reductions | 255,977 | |||
Expense reductions | (55,498) | |||
Total expenses after reductions | 200,479 | |||
Net Investment income (loss) | 194,384 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,221,567 | |||
Fidelity Central Funds | 33 | |||
Foreign currency transactions | (152) | |||
Total net realized gain (loss) | 2,221,448 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,752,247 | |||
Assets and liabilities in foreign currencies | (681) | |||
Total change in net unrealized appreciation (depreciation) | 1,751,566 | |||
Net gain (loss) | 3,973,014 | |||
Net increase (decrease) in net assets resulting from operations | $ | 4,167,398 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 194,384 | $ | 397,037 |
Net realized gain (loss) | 2,221,448 | 1,233,023 | ||
Change in net unrealized appreciation (depreciation) | 1,751,566 | (1,681,317) | ||
Net increase (decrease) in net assets resulting from operations | 4,167,398 | (51,257) | ||
Distributions to shareholders | (1,690,795) | (767,694) | ||
Share transactions - net increase (decrease) | (49,499) | (6,072,225) | ||
Total increase (decrease) in net assets | 2,427,104 | (6,891,176) | ||
Net Assets | ||||
Beginning of period | 31,725,560 | 38,616,736 | ||
End of period | $ | 34,152,664 | $ | 31,725,560 |
Fidelity Advisor® Value Leaders Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.54 | $ | 20.97 | $ | 22.22 | $ | 15.67 | $ | 18.62 | $ | 19.31 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .23 | .17 | .17 | .15 | .20 | ||||||
Net realized and unrealized gain (loss) | 2.56 | (.26) | .18 | 6.49 | (2.81) | .58 C | ||||||
Total from investment operations | 2.69 | (.03) | .35 | 6.66 | (2.66) | .78 | ||||||
Distributions from net investment income | (.29) | (.13) | (.15) | (.11) | (.20) | (.19) | ||||||
Distributions from net realized gain | (.84) | (.27) | (1.45) | - | (.09) | (1.28) | ||||||
Total distributions | (1.13) | (.40) | (1.60) | (.11) | (.29) | (1.47) | ||||||
Net asset value, end of period | $ | 22.10 | $ | 20.54 | $ | 20.97 | $ | 22.22 | $ | 15.67 | $ | 18.62 |
Total Return D,E,F | 13.51 % | (.21)% | 1.92% | 42.68% | (14.57)% | 4.64% C | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.48% I | 1.41% | 1.29% | 1.27% | 1.35% | 1.29% | ||||||
Expenses net of fee waivers, if any | 1.14 % I | 1.14% | 1.15% | 1.15% | 1.25% | 1.25% | ||||||
Expenses net of all reductions | 1.14% I | 1.14% | 1.15% | 1.15% | 1.24% | 1.25% | ||||||
Net investment income (loss) | 1.21% I | 1.11% | .83% | .83% | .91% | 1.12% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 20,428 | $ | 18,484 | $ | 20,328 | $ | 16,513 | $ | 10,954 | $ | 16,648 |
Portfolio turnover rate J | 45 % I | 40% | 39% | 51% | 144% | 37% |
Fidelity Advisor® Value Leaders Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.62 | $ | 21.05 | $ | 22.30 | $ | 15.72 | $ | 18.68 | $ | 19.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .18 | .12 | .12 | .11 | .16 | ||||||
Net realized and unrealized gain (loss) | 2.56 | (.26) | .17 | 6.52 | (2.83) | .59 C | ||||||
Total from investment operations | 2.67 | (.08) | .29 | 6.64 | (2.72) | .75 | ||||||
Distributions from net investment income | (.23) | (.08) | (.09) | (.06) | (.15) | (.13) | ||||||
Distributions from net realized gain | (.84) | (.27) | (1.45) | - | (.09) | (1.28) | ||||||
Total distributions | (1.07) | (.35) | (1.54) | (.06) | (.24) | (1.41) | ||||||
Net asset value, end of period | $ | 22.22 | $ | 20.62 | $ | 21.05 | $ | 22.30 | $ | 15.72 | $ | 18.68 |
Total Return D,E,F | 13.35 % | (.43)% | 1.63% | 42.32% | (14.79)% | 4.42% C | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.72% I | 1.65% | 1.55% | 1.54% | 1.64% | 1.58% | ||||||
Expenses net of fee waivers, if any | 1.39 % I | 1.40% | 1.40% | 1.41% | 1.50% | 1.50% | ||||||
Expenses net of all reductions | 1.39% I | 1.39% | 1.40% | 1.41% | 1.49% | 1.50% | ||||||
Net investment income (loss) | .97% I | .86% | .57% | .57% | .66% | .87% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,664 | $ | 5,376 | $ | 5,569 | $ | 5,275 | $ | 3,821 | $ | 5,146 |
Portfolio turnover rate J | 45 % I | 40% | 39% | 51% | 144% | 37% |
Fidelity Advisor® Value Leaders Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.81 | $ | 20.29 | $ | 21.49 | $ | 15.18 | $ | 17.99 | $ | 18.67 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .07 | .02 | .01 | .03 | .06 | ||||||
Net realized and unrealized gain (loss) | 2.47 | (.26) | .18 | 6.30 | (2.75) | .58 C | ||||||
Total from investment operations | 2.52 | (.19) | .20 | 6.31 | (2.72) | .64 | ||||||
Distributions from net investment income | (.12) | (.02) | - | - | - | (.04) | ||||||
Distributions from net realized gain | (.84) | (.27) | (1.40) | - | (.09) | (1.28) | ||||||
Total distributions | (.95) D | (.29) | (1.40) | - | (.09) | (1.32) | ||||||
Net asset value, end of period | $ | 21.38 | $ | 19.81 | $ | 20.29 | $ | 21.49 | $ | 15.18 | $ | 17.99 |
Total Return E,F,G | 13.09 % | (.99)% | 1.19% | 41.57% | (15.22)% | 3.90% C | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.23% J | 2.21% | 2.10% | 2.09% | 2.18% | 2.13% | ||||||
Expenses net of fee waivers, if any | 1.88 % J | 1.90% | 1.90% | 1.93% | 2.00% | 2.00% | ||||||
Expenses net of all reductions | 1.88% J | 1.90% | 1.89% | 1.93% | 1.99% | 2.00% | ||||||
Net investment income (loss) | .48% J | .36% | .08% | .05% | .16% | .37% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,457 | $ | 2,469 | $ | 2,847 | $ | 1,875 | $ | 1,763 | $ | 2,733 |
Portfolio turnover rate K | 45 % J | 40% | 39% | 51% | 144% | 37% |
Fidelity Advisor® Value Leaders Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.70 | $ | 21.12 | $ | 22.39 | $ | 15.80 | $ | 18.78 | $ | 19.47 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .29 | .22 | .23 | .20 | .25 | ||||||
Net realized and unrealized gain (loss) | 2.57 | (.27) | .18 | 6.54 | (2.82) | .59 C | ||||||
Total from investment operations | 2.73 | .02 | .40 | 6.77 | (2.62) | .84 | ||||||
Distributions from net investment income | (.35) | (.17) | (.22) | (.18) | (.27) | (.26) | ||||||
Distributions from net realized gain | (.84) | (.27) | (1.45) | - | (.09) | (1.28) | ||||||
Total distributions | (1.18) D | (.44) | (1.67) | (.18) | (.36) | (1.53) | ||||||
Net asset value, end of period | $ | 22.25 | $ | 20.70 | $ | 21.12 | $ | 22.39 | $ | 15.80 | $ | 18.78 |
Total Return E,F | 13.65 % | .05% | 2.16% | 43.08% | (14.31)% | 4.96% C | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.17% I | 1.08% | .94% | .94% | .99% | .97% | ||||||
Expenses net of fee waivers, if any | .89 % I | .90% | .89% | .87% | .99% | .97% | ||||||
Expenses net of all reductions | .89% I | .90% | .89% | .87% | .98% | .96% | ||||||
Net investment income (loss) | 1.47% I | 1.36% | 1.08% | 1.11% | 1.17% | 1.41% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,603 | $ | 5,397 | $ | 9,872 | $ | 3,041 | $ | 1,898 | $ | 2,342 |
Portfolio turnover rate J | 45 % I | 40% | 39% | 51% | 144% | 37% |
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% |
Gross unrealized appreciation | $6,901,879 |
Gross unrealized depreciation | (811,022) |
Net unrealized appreciation (depreciation) | $6,090,857 |
Tax cost | $28,080,304 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Value Leaders Fund | 7,343,955 | 8,577,473 |
Maximum Management Fee Rate % | |
Class A | .72 |
Class M | .71 |
Class C | .72 |
Class I | .66 |
Total Management Fee Rate % | |
Class A | .72 |
Class M | .71 |
Class C | .72 |
Class I | .66 |
Performance Adjustment Index | |
Fidelity Advisor Value Leaders Fund | Russell 1000 Value Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 24,797 | 381 |
Class M | .25% | .25% | 14,054 | 83 |
Class C | .75% | .25% | 12,505 | 1,455 |
51,356 | 1,919 |
Retained by FDC ($) | |
Class A | 1,967 |
Class M | 134 |
Class CA | 180 |
2,281 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.1933% |
Class C | 0.2000% |
Class I | 0.1412% |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 13,147 | .20 |
Class M | 3,627 | .19 |
Class C | 1,794 | .21 |
Class I | 2,610 | .14 |
21,178 |
% of Average Net Assets | |
Fidelity Advisor Value Leaders Fund | 0.0354% |
% of Average Net Assets | |
Fidelity Advisor Value Leaders Fund | .04 |
Amount ($) | |
Fidelity Advisor Value Leaders Fund | 69 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Value Leaders Fund | 619,978 | 541,099 | 17,327 |
Amount ($) | |
Fidelity Advisor Value Leaders Fund | 31 |
Expense Limitations | Reimbursement ($) | |
Class A | 1.15% | 32,807 |
Class M | 1.40% | 9,030 |
Class C | 1.90% | 4,268 |
Class I | .90% | 7,548 |
53,653 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Value Leaders Fund | ||
Distributions to shareholders | ||
Class A | $996,266 | $392,714 |
Class M | 278,249 | 101,153 |
Class C | 116,715 | 43,995 |
Class I | 299,565 | 229,832 |
Total | $1,690,795 | $767,694 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Value Leaders Fund | ||||
Class A | ||||
Shares sold | 57,292 | 191,201 | $1,236,039 | $4,013,617 |
Reinvestment of distributions | 47,737 | 18,365 | 979,093 | 386,214 |
Shares redeemed | (80,635) | (279,017) | (1,726,611) | (5,815,069) |
Net increase (decrease) | 24,394 | (69,451) | $488,521 | $(1,415,238) |
Class M | ||||
Shares sold | 11,584 | 62,208 | $256,787 | $1,314,625 |
Reinvestment of distributions | 13,265 | 4,759 | 273,788 | 100,652 |
Shares redeemed | (30,700) | (70,749) | (665,829) | (1,475,048) |
Net increase (decrease) | (5,851) | (3,782) | $(135,254) | $(59,771) |
Class C | ||||
Shares sold | 10,568 | 42,856 | $221,361 | $873,648 |
Reinvestment of distributions | 5,865 | 2,154 | 116,715 | 43,995 |
Shares redeemed | (26,115) | (60,744) | (540,028) | (1,220,460) |
Net increase (decrease) | (9,682) | (15,734) | $(201,952) | $(302,817) |
Class I | ||||
Shares sold | 4,696 | 133,971 | $103,829 | $2,861,829 |
Reinvestment of distributions | 14,510 | 10,836 | 299,341 | 229,069 |
Shares redeemed | (28,102) | (351,523) | (603,984) | (7,385,297) |
Net increase (decrease) | (8,896) | (206,716) | $(200,814) | $(4,294,399) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Value Leaders Fund | ||||||||||
Class A | 1.14% | |||||||||
Actual | $ 1,000 | $ 1,135.10 | $ 6.05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.19 | $ 5.72 | |||||||
Class M | 1.39% | |||||||||
Actual | $ 1,000 | $ 1,133.50 | $ 7.37 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.95 | $ 6.97 | |||||||
Class C | 1.88% | |||||||||
Actual | $ 1,000 | $ 1,130.90 | $ 9.96 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.51 | $ 9.42 | |||||||
Class I | .89% | |||||||||
Actual | $ 1,000 | $ 1,136.50 | $ 4.73 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.44 | $ 4.47 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. (United States of America, Software) | 6.0 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 5.6 | |
Amazon.com, Inc. (United States of America, Broadline Retail) | 5.2 | |
Meta Platforms, Inc. Class A (United States of America, Interactive Media & Services) | 3.4 | |
Fiserv, Inc. (United States of America, Financial Services) | 3.1 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 3.1 | |
MasterCard, Inc. Class A (United States of America, Financial Services) | 3.1 | |
Deckers Outdoor Corp. (United States of America, Textiles, Apparel & Luxury Goods) | 3.0 | |
Visa, Inc. Class A (United States of America, Financial Services) | 2.6 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.5 | |
37.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 26.0 | |
Financials | 22.5 | |
Industrials | 15.6 | |
Consumer Discretionary | 10.5 | |
Health Care | 7.7 | |
Communication Services | 6.5 | |
Energy | 4.5 | |
Materials | 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. |
Common Stocks - 92.9% | |||
Shares | Value ($) | ||
Canada - 2.6% | |||
Canadian Natural Resources Ltd. | 28,900 | 2,191,198 | |
Canadian Pacific Kansas City Ltd. | 15,400 | 1,207,822 | |
TOTAL CANADA | 3,399,020 | ||
China - 3.7% | |||
Alibaba Group Holding Ltd. | 146,900 | 1,375,434 | |
NXP Semiconductors NV | 7,200 | 1,844,568 | |
Tencent Holdings Ltd. | 36,200 | 1,588,572 | |
TOTAL CHINA | 4,808,574 | ||
Denmark - 1.8% | |||
Novo Nordisk A/S Series B | 18,600 | 2,385,307 | |
France - 1.2% | |||
LVMH Moet Hennessy Louis Vuitton SE | 1,850 | 1,519,657 | |
Germany - 0.8% | |||
Rheinmetall AG | 2,000 | 1,103,912 | |
India - 1.2% | |||
HDFC Bank Ltd. | 83,500 | 1,515,978 | |
Japan - 3.1% | |||
Hitachi Ltd. | 29,200 | 2,694,012 | |
Sumitomo Mitsui Financial Group, Inc. | 24,800 | 1,408,735 | |
TOTAL JAPAN | 4,102,747 | ||
Netherlands - 2.5% | |||
ASML Holding NV (Netherlands) | 3,700 | 3,288,033 | |
Sweden - 0.8% | |||
Bergman & Beving AB (B Shares) | 50,443 | 1,023,013 | |
Taiwan - 3.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 29,900 | 4,106,466 | |
United Kingdom - 0.2% | |||
Starling Bank Ltd. Series D (a)(b)(c) | 72,300 | 271,931 | |
United States of America - 71.9% | |||
Alphabet, Inc. Class A | 15,300 | 2,490,534 | |
Amazon.com, Inc. (a) | 38,700 | 6,772,500 | |
American Express Co. | 7,200 | 1,685,016 | |
AMETEK, Inc. | 18,500 | 3,231,210 | |
Amphenol Corp. Class A | 18,700 | 2,258,399 | |
Apollo Global Management, Inc. | 18,500 | 2,005,030 | |
Apple, Inc. | 7,800 | 1,328,574 | |
Arthur J. Gallagher & Co. | 8,200 | 1,924,458 | |
Boston Scientific Corp. (a) | 31,600 | 2,271,092 | |
Cintas Corp. | 2,900 | 1,909,186 | |
Danaher Corp. | 5,800 | 1,430,396 | |
Deckers Outdoor Corp. (a) | 4,800 | 3,928,656 | |
Eaton Corp. PLC | 9,000 | 2,864,340 | |
Eli Lilly & Co. | 3,250 | 2,538,575 | |
Exxon Mobil Corp. | 20,800 | 2,460,016 | |
Fiserv, Inc. (a) | 26,950 | 4,114,457 | |
Intercontinental Exchange, Inc. | 13,900 | 1,789,764 | |
JPMorgan Chase & Co. | 15,200 | 2,914,448 | |
Loar Holdings, Inc. | 200 | 10,464 | |
Marvell Technology, Inc. | 21,200 | 1,397,292 | |
MasterCard, Inc. Class A | 8,900 | 4,015,680 | |
Meta Platforms, Inc. Class A | 10,200 | 4,387,734 | |
Microsoft Corp. | 20,250 | 7,883,931 | |
Moody's Corp. | 5,500 | 2,036,815 | |
NVIDIA Corp. | 8,500 | 7,344,170 | |
Pure Storage, Inc. Class A (a) | 15,700 | 791,280 | |
S&P Global, Inc. | 5,400 | 2,245,482 | |
Salesforce, Inc. | 7,300 | 1,963,262 | |
Schlumberger Ltd. | 25,300 | 1,201,244 | |
Sherwin-Williams Co. | 4,900 | 1,468,089 | |
Thermo Fisher Scientific, Inc. | 2,700 | 1,535,544 | |
United Rentals, Inc. | 2,200 | 1,469,578 | |
Vertiv Holdings Co. | 17,200 | 1,599,600 | |
Visa, Inc. Class A | 12,400 | 3,330,764 | |
W.W. Grainger, Inc. | 1,700 | 1,566,295 | |
Watsco, Inc. (d) | 4,200 | 1,880,424 | |
TOTAL UNITED STATES OF AMERICA | 94,044,299 | ||
TOTAL COMMON STOCKS (Cost $78,734,745) | 121,568,937 | ||
Preferred Stocks - 1.5% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.5% | |||
United States of America - 0.5% | |||
Wasabi Holdings, Inc. Series C (a)(b)(c) | 50,623 | 666,199 | |
Nonconvertible Preferred Stocks - 1.0% | |||
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 27,930 | 1,300,432 | |
TOTAL PREFERRED STOCKS (Cost $1,667,244) | 1,966,631 | ||
Money Market Funds - 6.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) | 7,143,583 | 7,145,012 | |
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f) | 1,873,513 | 1,873,700 | |
TOTAL MONEY MARKET FUNDS (Cost $9,018,712) | 9,018,712 | ||
TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $89,420,701) | 132,554,280 |
NET OTHER ASSETS (LIABILITIES) - (1.3)% | (1,760,599) |
NET ASSETS - 100.0% | 130,793,681 |
(a) | Non-income producing |
(b) | 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 $938,130 or 0.7% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 138,336 |
Wasabi Holdings, Inc. Series C | 3/31/21 - 4/30/21 | 549,998 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 12,424,845 | 17,190,834 | 22,470,667 | 225,626 | - | - | 7,145,012 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 610,370 | 8,697,056 | 7,433,726 | 438 | - | - | 1,873,700 | 0.0% |
Total | 13,035,215 | 25,887,890 | 29,904,393 | 226,064 | - | - | 9,018,712 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 8,466,840 | 6,878,268 | 1,588,572 | - |
Consumer Discretionary | 13,596,247 | 10,701,156 | 2,895,091 | - |
Energy | 5,852,458 | 5,852,458 | - | - |
Financials | 29,258,558 | 26,061,914 | 2,924,713 | 271,931 |
Health Care | 10,160,914 | 7,775,607 | 2,385,307 | - |
Industrials | 20,559,856 | 17,865,844 | 2,694,012 | - |
Information Technology | 34,172,606 | 32,205,975 | 1,300,432 | 666,199 |
Materials | 1,468,089 | 1,468,089 | - | - |
Money Market Funds | 9,018,712 | 9,018,712 | - | - |
Total Investments in Securities: | 132,554,280 | 117,828,023 | 13,788,127 | 938,130 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $1,835,652) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $80,401,989) | $ | 123,535,568 | ||
Fidelity Central Funds (cost $9,018,712) | 9,018,712 | |||
Total Investment in Securities (cost $89,420,701) | $ | 132,554,280 | ||
Foreign currency held at value (cost $153) | 152 | |||
Receivable for fund shares sold | 208,723 | |||
Dividends receivable | 104,450 | |||
Distributions receivable from Fidelity Central Funds | 31,782 | |||
Prepaid expenses | 34 | |||
Other receivables | 39,452 | |||
Total assets | 132,938,873 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 93,619 | ||
Accrued management fee | 107,033 | |||
Distribution and service plan fees payable | 23,298 | |||
Other payables and accrued expenses | 47,542 | |||
Collateral on securities loaned | 1,873,700 | |||
Total liabilities | 2,145,192 | |||
Net Assets | $ | 130,793,681 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 86,048,596 | ||
Total accumulated earnings (loss) | 44,745,085 | |||
Net Assets | $ | 130,793,681 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($43,283,615 ÷ 1,869,091 shares)(a) | $ | 23.16 | ||
Maximum offering price per share (100/94.25 of $23.16) | $ | 24.57 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($22,020,649 ÷ 1,020,636 shares)(a) | $ | 21.58 | ||
Maximum offering price per share (100/96.50 of $21.58) | $ | 22.36 | ||
Class C : | ||||
Net Asset Value and offering price per share ($5,578,753 ÷ 305,664 shares)(a) | $ | 18.25 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($59,910,664 ÷ 2,397,180 shares) | $ | 24.99 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 556,421 | ||
Income from Fidelity Central Funds (including $438 from security lending) | 226,064 | |||
Income before foreign taxes withheld | $ | 782,485 | ||
Less foreign taxes withheld | (36,673) | |||
Total income | 745,812 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 442,180 | ||
Performance adjustment | 33,526 | |||
Transfer agent fees | 64,995 | |||
Distribution and service plan fees | 127,716 | |||
Accounting fees | 13,479 | |||
Custodian fees and expenses | 3,454 | |||
Independent trustees' fees and expenses | 284 | |||
Registration fees | 48,206 | |||
Audit | 45,469 | |||
Legal | 3,379 | |||
Miscellaneous | 211 | |||
Total expenses before reductions | 782,899 | |||
Expense reductions | (28,016) | |||
Total expenses after reductions | 754,883 | |||
Net Investment income (loss) | (9,071) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $4,854) | 1,783,032 | |||
Foreign currency transactions | (7,103) | |||
Total net realized gain (loss) | 1,775,929 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $1,275) | 25,061,966 | |||
Assets and liabilities in foreign currencies | (635) | |||
Total change in net unrealized appreciation (depreciation) | 25,061,331 | |||
Net gain (loss) | 26,837,260 | |||
Net increase (decrease) in net assets resulting from operations | $ | 26,828,189 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (9,071) | $ | 451,576 |
Net realized gain (loss) | 1,775,929 | 6,999,028 | ||
Change in net unrealized appreciation (depreciation) | 25,061,331 | 6,089,775 | ||
Net increase (decrease) in net assets resulting from operations | 26,828,189 | 13,540,379 | ||
Distributions to shareholders | (6,869,783) | - | ||
Share transactions - net increase (decrease) | 11,120,097 | 4,868,472 | ||
Total increase (decrease) in net assets | 31,078,503 | 18,408,851 | ||
Net Assets | ||||
Beginning of period | 99,715,178 | 81,306,327 | ||
End of period | $ | 130,793,681 | $ | 99,715,178 |
Fidelity Advisor® Global Capital Appreciation Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.50 | $ | 16.68 | $ | 24.21 | $ | 18.53 | $ | 15.65 | $ | 16.48 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | .08 | (.06) | (.09) C | (.08) | .10 | ||||||
Net realized and unrealized gain (loss) | 5.00 | 2.74 | (5.64) | 5.77 | 3.03 | .50 | ||||||
Total from investment operations | 4.99 | 2.82 | (5.70) | 5.68 | 2.95 | .60 | ||||||
Distributions from net investment income | (.05) | - | - | - | (.07) | (.02) | ||||||
Distributions from net realized gain | (1.27) | - | (1.83) | - | - | (1.41) | ||||||
Total distributions | (1.33) D | - | (1.83) | - | (.07) | (1.43) | ||||||
Net asset value, end of period | $ | 23.16 | $ | 19.50 | $ | 16.68 | $ | 24.21 | $ | 18.53 | $ | 15.65 |
Total Return E,F,G | 26.66 % | 16.91% | (25.40)% | 30.65% | 18.89% | 4.39% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.37% J | 1.22% | 1.31% | 1.15% | 1.23% | 1.14% | ||||||
Expenses net of fee waivers, if any | 1.29 % J | 1.22% | 1.30% | 1.15% | 1.23% | 1.14% | ||||||
Expenses net of all reductions | 1.29% J | 1.22% | 1.30% | 1.15% | 1.21% | 1.14% | ||||||
Net investment income (loss) | (.06)% J | .42% | (.32)% | (.42)% C | (.45)% | .66% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 43,284 | $ | 32,433 | $ | 28,069 | $ | 40,398 | $ | 31,247 | $ | 30,046 |
Portfolio turnover rate K | 40 % J | 39% | 42% | 58% | 44% | 142% |
Fidelity Advisor® Global Capital Appreciation Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 18.22 | $ | 15.63 | $ | 22.85 | $ | 17.54 | $ | 14.82 | $ | 15.70 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | .03 | (.10) | (.14) C | (.12) | .05 | ||||||
Net realized and unrealized gain (loss) | 4.66 | 2.56 | (5.29) | 5.45 | 2.87 | .48 | ||||||
Total from investment operations | 4.63 | 2.59 | (5.39) | 5.31 | 2.75 | .53 | ||||||
Distributions from net investment income | - | - | - | - | (.03) | - | ||||||
Distributions from net realized gain | (1.27) | - | (1.83) | - | - | (1.41) | ||||||
Total distributions | (1.27) | - | (1.83) | - | (.03) | (1.41) | ||||||
Net asset value, end of period | $ | 21.58 | $ | 18.22 | $ | 15.63 | $ | 22.85 | $ | 17.54 | $ | 14.82 |
Total Return D,E,F | 26.53 % | 16.57% | (25.56)% | 30.27% | 18.59% | 4.10% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.61% I | 1.47% | 1.56% | 1.41% | 1.51% | 1.43% | ||||||
Expenses net of fee waivers, if any | 1.54 % I | 1.47% | 1.55% | 1.41% | 1.50% | 1.43% | ||||||
Expenses net of all reductions | 1.53% I | 1.47% | 1.55% | 1.41% | 1.49% | 1.42% | ||||||
Net investment income (loss) | (.30)% I | .18% | (.58)% | (.68)% C | (.73)% | .37% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 22,021 | $ | 17,748 | $ | 16,273 | $ | 22,618 | $ | 18,864 | $ | 18,611 |
Portfolio turnover rate J | 40 % I | 39% | 42% | 58% | 44% | 142% |
Fidelity Advisor® Global Capital Appreciation Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.62 | $ | 13.47 | $ | 20.04 | $ | 15.46 | $ | 13.10 | $ | 14.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.07) | (.06) | (.17) | (.22) C | (.17) | (.01) | ||||||
Net realized and unrealized gain (loss) | 3.96 | 2.21 | (4.57) | 4.80 | 2.53 | .41 | ||||||
Total from investment operations | 3.89 | 2.15 | (4.74) | 4.58 | 2.36 | .40 | ||||||
Distributions from net realized gain | (1.26) | - | (1.83) | - | - | (1.41) | ||||||
Total distributions | (1.26) | - | (1.83) | - | - | (1.41) | ||||||
Net asset value, end of period | $ | 18.25 | $ | 15.62 | $ | 13.47 | $ | 20.04 | $ | 15.46 | $ | 13.10 |
Total Return D,E,F | 26.17 % | 15.96% | (25.94)% | 29.62% | 18.02% | 3.59% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.12% I | 2.01% | 2.08% | 1.92% | 1.99% | 1.90% | ||||||
Expenses net of fee waivers, if any | 2.04 % I | 2.01% | 2.05% | 1.92% | 1.98% | 1.90% | ||||||
Expenses net of all reductions | 2.04% I | 2.01% | 2.05% | 1.92% | 1.97% | 1.89% | ||||||
Net investment income (loss) | (.80)% I | (.36)% | (1.07)% | (1.19)% C | (1.21)% | (.10)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,579 | $ | 4,192 | $ | 4,907 | $ | 8,044 | $ | 9,134 | $ | 12,540 |
Portfolio turnover rate J | 40 % I | 39% | 42% | 58% | 44% | 142% |
Fidelity Advisor® Global Capital Appreciation Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 20.99 | $ | 17.89 | $ | 25.75 | $ | 19.65 | $ | 16.57 | $ | 17.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | .16 | - C | (.02) D | (.02) | .16 | ||||||
Net realized and unrealized gain (loss) | 5.38 | 2.94 | (6.03) | 6.12 | 3.21 | .52 | ||||||
Total from investment operations | 5.40 | 3.10 | (6.03) | 6.10 | 3.19 | .68 | ||||||
Distributions from net investment income | (.13) | - | - | - | (.11) | (.08) | ||||||
Distributions from net realized gain | (1.27) | - | (1.83) | - | - | (1.41) | ||||||
Total distributions | (1.40) | - | (1.83) | - | (.11) | (1.48) E | ||||||
Net asset value, end of period | $ | 24.99 | $ | 20.99 | $ | 17.89 | $ | 25.75 | $ | 19.65 | $ | 16.57 |
Total Return F,G | 26.79 % | 17.33% | (25.14)% | 31.04% | 19.37% | 4.69% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.05% J | .88% | .97% | .82% | .89% | .82% | ||||||
Expenses net of fee waivers, if any | 1.04 % J | .88% | .96% | .82% | .89% | .82% | ||||||
Expenses net of all reductions | 1.04% J | .88% | .96% | .82% | .87% | .82% | ||||||
Net investment income (loss) | .20% J | .76% | .01% | (.09)% D | (.11)% | .97% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 59,911 | $ | 45,342 | $ | 32,058 | $ | 49,146 | $ | 38,359 | $ | 37,068 |
Portfolio turnover rate K | 40 % J | 39% | 42% | 58% | 44% | 142% |
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% |
Gross unrealized appreciation | $43,716,546 |
Gross unrealized depreciation | (601,038) |
Net unrealized appreciation (depreciation) | $43,115,508 |
Tax cost | $89,438,772 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Global Capital Appreciation Fund | 31,437,578 | 22,091,364 |
Maximum Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
Class I | .80 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
Class I | .80 |
Performance Adjustment Index | |
Fidelity Advisor Global Capital Appreciation Fund | MSCI All Country World Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 50,268 | 928 |
Class M | .25% | .25% | 51,780 | 246 |
Class C | .75% | .25% | 25,668 | 3,502 |
127,716 | 4,676 |
Retained by FDC ($) | |
Class A | 9,740 |
Class M | 523 |
Class CA | 112 |
10,375 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Class I | .1317 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 25,637 | .20 |
Class M | 13,307 | .20 |
Class C | 3,406 | .21 |
Class I | 22,645 | .13 |
64,995 |
% of Average Net Assets | |
Fidelity Advisor Global Capital Appreciation Fund | .0354 |
% of Average Net Assets | |
Fidelity Advisor Global Capital Appreciation Fund | .04 |
Amount ($) | |
Fidelity Advisor Global Capital Appreciation Fund | 124 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Global Capital Appreciation Fund | 3,872,211 | 1,135,759 | (123,380) |
Amount ($) | |
Fidelity Advisor Global Capital Appreciation Fund | 108 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Global Capital Appreciation Fund | 45 | - | - |
Expense Limitations | Reimbursement ($) | |
Class A | 1.30% | 13,779 |
Class M | 1.55% | 6,960 |
Class C | 2.05% | 1,874 |
22,613 |
Expense reduction ($) | |
Class M | 27 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Global Capital Appreciation Fund | ||
Distributions to shareholders | ||
Class A | $2,253,708 | $ - |
Class M | 1,218,995 | - |
Class C | 351,095 | - |
Class I | 3,045,985 | - |
Total | $6,869,783 | $- |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Global Capital Appreciation Fund | ||||
Class A | ||||
Shares sold | 317,706 | 236,799 | $6,973,023 | $4,608,114 |
Reinvestment of distributions | 110,134 | - | 2,200,473 | - |
Shares redeemed | (222,162) | (256,152) | (4,943,663) | (4,908,049) |
Net increase (decrease) | 205,678 | (19,353) | $4,229,833 | $(299,935) |
Class M | ||||
Shares sold | 44,617 | 43,515 | $923,816 | $776,382 |
Reinvestment of distributions | 65,309 | - | 1,216,704 | - |
Shares redeemed | (63,390) | (110,804) | (1,293,246) | (1,962,893) |
Net increase (decrease) | 46,536 | (67,289) | $847,274 | $(1,186,511) |
Class C | ||||
Shares sold | 48,941 | 37,916 | $845,349 | $590,266 |
Reinvestment of distributions | 22,230 | - | 351,017 | - |
Shares redeemed | (33,897) | (133,865) | (579,915) | (2,055,865) |
Net increase (decrease) | 37,274 | (95,949) | $616,451 | $(1,465,599) |
Class I | ||||
Shares sold | 327,632 | 661,612 | $7,790,347 | $13,832,392 |
Reinvestment of distributions | 134,331 | - | 2,893,489 | - |
Shares redeemed | (225,331) | (292,717) | (5,257,297) | (6,011,875) |
Net increase (decrease) | 236,632 | 368,895 | $5,426,539 | $7,820,517 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Global Capital Appreciation Fund | ||||||||||
Class A | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,266.60 | $ 7.27 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.45 | $ 6.47 | |||||||
Class M | 1.54% | |||||||||
Actual | $ 1,000 | $ 1,265.30 | $ 8.67 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.21 | $ 7.72 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 1,261.70 | $ 11.47 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.72 | $ 10.22 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,267.90 | $ 5.86 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.69 | $ 5.22 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. (United States of America, Software) | 4.7 | |
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 4.3 | |
Rheinmetall AG (Germany, Aerospace & Defense) | 2.5 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.3 | |
NXP Semiconductors NV (China, Semiconductors & Semiconductor Equipment) | 2.1 | |
JPMorgan Chase & Co. (United States of America, Banks) | 2.1 | |
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels) | 1.6 | |
Bank of America Corp. (United States of America, Banks) | 1.6 | |
Linde PLC (United States of America, Chemicals) | 1.5 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 1.5 | |
24.2 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.7 | |
Financials | 13.9 | |
Industrials | 13.5 | |
Health Care | 10.7 | |
Consumer Staples | 9.3 | |
Consumer Discretionary | 9.1 | |
Communication Services | 5.8 | |
Materials | 5.2 | |
Energy | 5.0 | |
Utilities | 3.9 | |
Real Estate | 1.2 | |
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. |
Common Stocks - 97.3% | |||
Shares | Value ($) | ||
Belgium - 0.9% | |||
KBC Group NV | 7,267 | 542,098 | |
UCB SA | 2,101 | 279,264 | |
TOTAL BELGIUM | 821,362 | ||
Brazil - 0.6% | |||
Equatorial Energia SA | 104,714 | 616,878 | |
Canada - 4.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 18,767 | 1,040,150 | |
Canadian Natural Resources Ltd. | 9,635 | 730,123 | |
Constellation Software, Inc. | 219 | 563,831 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 219 | 0 | |
Imperial Oil Ltd. | 10,819 | 743,848 | |
Metro, Inc. | 13,969 | 714,559 | |
PrairieSky Royalty Ltd. | 36,606 | 697,472 | |
TOTAL CANADA | 4,489,983 | ||
China - 2.5% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 816 | 191,324 | |
NXP Semiconductors NV | 7,901 | 2,024,157 | |
SITC International Holdings Co. Ltd. | 90,487 | 196,230 | |
TOTAL CHINA | 2,411,711 | ||
Finland - 0.9% | |||
Elisa Corp. (A Shares) | 15,987 | 722,035 | |
Neste OYJ | 4,672 | 106,400 | |
TOTAL FINLAND | 828,435 | ||
France - 3.4% | |||
Airbus Group NV | 5,316 | 874,789 | |
Capgemini SA | 2,857 | 600,487 | |
Edenred SA | 6,875 | 326,203 | |
LVMH Moet Hennessy Louis Vuitton SE | 1,411 | 1,159,047 | |
VINCI SA | 2,436 | 285,441 | |
TOTAL FRANCE | 3,245,967 | ||
Germany - 3.8% | |||
Deutsche Telekom AG | 26,883 | 615,770 | |
Rheinmetall AG | 4,230 | 2,334,773 | |
Siemens AG | 3,288 | 615,953 | |
TOTAL GERMANY | 3,566,496 | ||
Hong Kong - 0.6% | |||
AIA Group Ltd. | 60,814 | 445,424 | |
HKBN Ltd. | 271,997 | 81,820 | |
TOTAL HONG KONG | 527,244 | ||
Hungary - 0.4% | |||
Richter Gedeon PLC | 15,802 | 402,398 | |
India - 0.3% | |||
HDFC Bank Ltd. sponsored ADR | 3,440 | 198,144 | |
Redington (India) Ltd. | 45,659 | 119,345 | |
TOTAL INDIA | 317,489 | ||
Italy - 0.6% | |||
Prysmian SpA | 10,300 | 562,579 | |
Japan - 6.3% | |||
Capcom Co. Ltd. | 22,188 | 365,269 | |
Daiichikosho Co. Ltd. | 29,222 | 341,091 | |
FUJIFILM Holdings Corp. | 13,281 | 282,520 | |
Hitachi Ltd. | 8,177 | 754,416 | |
Hoya Corp. | 4,231 | 490,541 | |
Inaba Denki Sangyo Co. Ltd. | 19,756 | 460,918 | |
Minebea Mitsumi, Inc. | 11,098 | 207,869 | |
Mitsubishi Electric Corp. | 8,300 | 144,668 | |
Renesas Electronics Corp. | 30,169 | 489,816 | |
Roland Corp. | 11,195 | 304,334 | |
Shin-Etsu Chemical Co. Ltd. | 18,663 | 722,425 | |
Sony Group Corp. | 9,797 | 809,735 | |
Toyota Motor Corp. | 25,447 | 580,410 | |
TOTAL JAPAN | 5,954,012 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 1,435,064 | 169,550 | |
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 16,336 | 905,521 | |
Luxembourg - 0.2% | |||
L'Occitane Ltd. | 49,500 | 203,994 | |
Sweden - 0.3% | |||
HEXPOL AB (B Shares) | 27,302 | 312,153 | |
Switzerland - 1.0% | |||
Compagnie Financiere Richemont SA Series A | 2,360 | 326,216 | |
Galderma Group AG | 2,900 | 216,100 | |
Sika AG | 1,592 | 455,995 | |
TOTAL SWITZERLAND | 998,311 | ||
Taiwan - 2.3% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 89,421 | 2,137,269 | |
United Kingdom - 6.8% | |||
AstraZeneca PLC sponsored ADR | 16,597 | 1,259,380 | |
B&M European Value Retail SA | 80,508 | 522,108 | |
BAE Systems PLC | 51,389 | 854,713 | |
Compass Group PLC | 22,311 | 620,552 | |
Diageo PLC | 9,423 | 325,656 | |
Games Workshop Group PLC | 800 | 99,064 | |
JD Sports Fashion PLC | 279,653 | 403,953 | |
London Stock Exchange Group PLC | 4,700 | 518,129 | |
RELX PLC (London Stock Exchange) | 18,499 | 760,066 | |
RS GROUP PLC | 39,005 | 359,204 | |
Starling Bank Ltd. Series D (a)(b)(c) | 20,800 | 78,232 | |
Unilever PLC | 7,942 | 410,846 | |
WH Smith PLC | 12,992 | 178,089 | |
TOTAL UNITED KINGDOM | 6,389,992 | ||
United States of America - 60.2% | |||
AbbVie, Inc. | 4,800 | 780,672 | |
Accenture PLC Class A | 3,925 | 1,181,072 | |
Albertsons Companies, Inc. | 5,200 | 106,080 | |
Amdocs Ltd. | 9,791 | 822,346 | |
Ameren Corp. | 6,089 | 449,794 | |
American Tower Corp. | 1,996 | 342,434 | |
Apple, Inc. | 24,108 | 4,106,316 | |
AT&T, Inc. | 16,508 | 278,820 | |
Ball Corp. | 3,098 | 215,528 | |
Bank of America Corp. | 41,128 | 1,522,147 | |
BJ's Wholesale Club Holdings, Inc. (a) | 7,210 | 538,443 | |
BlackRock, Inc. Class A | 400 | 301,856 | |
Capital One Financial Corp. | 4,454 | 638,837 | |
Chubb Ltd. | 2,690 | 668,842 | |
Cisco Systems, Inc. | 18,846 | 885,385 | |
Comcast Corp. Class A | 15,882 | 605,263 | |
Costco Wholesale Corp. | 898 | 649,164 | |
Crane Co. | 4,021 | 562,980 | |
Crane NXT Co. | 2,421 | 147,221 | |
Crown Holdings, Inc. | 5,670 | 465,337 | |
Danaher Corp. | 4,234 | 1,044,189 | |
Dollar Tree, Inc. (a) | 5,825 | 688,806 | |
Eli Lilly & Co. | 1,816 | 1,418,478 | |
Estee Lauder Companies, Inc. Class A | 1,957 | 287,111 | |
Experian PLC | 17,215 | 694,349 | |
Exxon Mobil Corp. | 12,872 | 1,522,371 | |
Freeport-McMoRan, Inc. | 20,637 | 1,030,612 | |
GE Vernova LLC | 1,839 | 282,673 | |
General Dynamics Corp. | 900 | 258,381 | |
General Electric Co. | 6,457 | 1,044,872 | |
Gilead Sciences, Inc. | 8,201 | 534,705 | |
GSK PLC | 23,400 | 485,478 | |
H&R Block, Inc. | 13,925 | 657,678 | |
Hartford Financial Services Group, Inc. | 9,708 | 940,608 | |
Hess Corp. | 3,608 | 568,224 | |
Hillenbrand, Inc. | 4,700 | 224,284 | |
Johnson Controls International PLC | 7,206 | 468,894 | |
JPMorgan Chase & Co. | 10,534 | 2,019,789 | |
Kenvue, Inc. | 12,200 | 229,604 | |
Keurig Dr. Pepper, Inc. | 10,337 | 348,357 | |
Lamar Advertising Co. Class A | 6,346 | 735,184 | |
Linde PLC | 3,270 | 1,441,939 | |
Lowe's Companies, Inc. | 2,996 | 683,058 | |
M&T Bank Corp. | 4,925 | 711,121 | |
McDonald's Corp. | 2,657 | 725,467 | |
MDU Resources Group, Inc. | 6,100 | 150,670 | |
Merck & Co., Inc. | 6,944 | 897,304 | |
Microsoft Corp. | 11,369 | 4,426,296 | |
Mondelez International, Inc. | 3,454 | 248,481 | |
MSCI, Inc. | 562 | 261,774 | |
Nestle SA (Reg. S) | 4,941 | 496,077 | |
NextEra Energy, Inc. | 10,379 | 695,082 | |
Norfolk Southern Corp. | 500 | 115,160 | |
PG&E Corp. | 10,627 | 181,828 | |
Phillips 66 Co. | 1,643 | 235,294 | |
PNC Financial Services Group, Inc. | 6,596 | 1,010,903 | |
Procter & Gamble Co. | 5,326 | 869,203 | |
Roche Holding AG (participation certificate) | 3,221 | 771,797 | |
Samsonite International SA (d) | 79,200 | 278,441 | |
Sanofi SA | 6,180 | 610,541 | |
Southern Co. | 7,550 | 554,925 | |
Southwest Gas Holdings, Inc. | 2,700 | 201,474 | |
T-Mobile U.S., Inc. | 6,679 | 1,096,491 | |
Tapestry, Inc. | 8,108 | 323,671 | |
Target Corp. | 1,669 | 268,676 | |
The Boeing Co. (a) | 200 | 33,568 | |
The Coca-Cola Co. | 10,272 | 634,501 | |
The Travelers Companies, Inc. | 3,936 | 835,062 | |
The Walt Disney Co. | 6,600 | 733,260 | |
TJX Companies, Inc. | 9,620 | 905,146 | |
U.S. Bancorp | 11,900 | 483,497 | |
United Parcel Service, Inc. Class B | 2,435 | 359,114 | |
UnitedHealth Group, Inc. | 2,323 | 1,123,635 | |
Valero Energy Corp. | 1,258 | 201,116 | |
Veralto Corp. | 1,992 | 186,611 | |
Verizon Communications, Inc. | 9,023 | 356,318 | |
Vistra Corp. | 10,006 | 758,855 | |
Walmart, Inc. | 10,540 | 625,549 | |
WEC Energy Group, Inc. | 3,165 | 261,556 | |
Wells Fargo & Co. | 23,327 | 1,383,758 | |
TOTAL UNITED STATES OF AMERICA | 56,890,403 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 20,250 | 257,124 | |
TOTAL COMMON STOCKS (Cost $70,978,300) | 92,008,871 | ||
Money Market Funds - 2.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) (Cost $2,568,520) | 2,568,006 | 2,568,520 | |
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $73,546,820) | 94,577,391 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (12,449) |
NET ASSETS - 100.0% | 94,564,942 |
(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 $78,232 or 0.1% of net assets. |
(d) | 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 $278,441 or 0.3% of net assets. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 40,298 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 1,880,612 | 19,360,726 | 18,672,827 | 49,629 | 9 | - | 2,568,520 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 1,681,483 | 1,681,483 | 160 | - | - | - | 0.0% |
Total | 1,880,612 | 21,042,209 | 20,354,310 | 49,789 | 9 | - | 2,568,520 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 5,365,687 | 3,961,737 | 1,403,950 | - |
Consumer Discretionary | 8,576,969 | 4,498,234 | 4,078,735 | - |
Consumer Staples | 8,876,581 | 7,248,684 | 1,627,897 | - |
Energy | 4,804,848 | 4,804,848 | - | - |
Financials | 12,886,424 | 11,844,639 | 963,553 | 78,232 |
Health Care | 10,314,482 | 7,956,125 | 2,358,357 | - |
Industrials | 12,793,175 | 6,943,763 | 5,849,412 | - |
Information Technology | 18,691,582 | 14,156,624 | 4,534,958 | - |
Materials | 4,901,113 | 4,178,688 | 722,425 | - |
Real Estate | 1,077,618 | 1,077,618 | - | - |
Utilities | 3,720,392 | 3,720,392 | - | - |
Money Market Funds | 2,568,520 | 2,568,520 | - | - |
Total Investments in Securities: | 94,577,391 | 72,959,872 | 21,539,287 | 78,232 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $70,978,300) | $ | 92,008,871 | ||
Fidelity Central Funds (cost $2,568,520) | 2,568,520 | |||
Total Investment in Securities (cost $73,546,820) | $ | 94,577,391 | ||
Foreign currency held at value (cost $7,615) | 7,643 | |||
Receivable for investments sold | 4 | |||
Receivable for fund shares sold | 29,570 | |||
Dividends receivable | 123,605 | |||
Reclaims receivable | 78,391 | |||
Distributions receivable from Fidelity Central Funds | 11,628 | |||
Prepaid expenses | 36 | |||
Receivable from investment adviser for expense reductions | 28,094 | |||
Total assets | 94,856,362 | |||
Liabilities | ||||
Payable for investments purchased | $ | 65,428 | ||
Payable for fund shares redeemed | 100,426 | |||
Accrued management fee | 63,638 | |||
Distribution and service plan fees payable | 15,081 | |||
Audit fee payable | 41,722 | |||
Other payables and accrued expenses | 5,125 | |||
Total liabilities | 291,420 | |||
Net Assets | $ | 94,564,942 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 73,340,272 | ||
Total accumulated earnings (loss) | 21,224,670 | |||
Net Assets | $ | 94,564,942 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($22,617,264 ÷ 1,099,514 shares)(a) | $ | 20.57 | ||
Maximum offering price per share (100/94.25 of $20.57) | $ | 21.82 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($15,230,471 ÷ 741,179 shares)(a) | $ | 20.55 | ||
Maximum offering price per share (100/96.50 of $20.55) | $ | 21.30 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,795,892 ÷ 235,970 shares)(a) | $ | 20.32 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($15,392,822 ÷ 747,597 shares) | $ | 20.59 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($36,528,493 ÷ 1,760,711 shares) | $ | 20.75 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,070,482 | ||
Income from Fidelity Central Funds (including $160 from security lending) | 49,789 | |||
Income before foreign taxes withheld | $ | 1,120,271 | ||
Less foreign taxes withheld | (51,654) | |||
Total income | 1,068,617 | |||
Expenses | ||||
Management fee | $ | 358,210 | ||
Transfer agent fees | 40,194 | |||
Distribution and service plan fees | 86,987 | |||
Accounting fees | 16,888 | |||
Custodian fees and expenses | 9,599 | |||
Independent trustees' fees and expenses | 258 | |||
Registration fees | 61,113 | |||
Audit | 34,565 | |||
Legal | 677 | |||
Miscellaneous | 201 | |||
Total expenses before reductions | 608,692 | |||
Expense reductions | (32,912) | |||
Total expenses after reductions | 575,780 | |||
Net Investment income (loss) | 492,837 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,541,045 | |||
Fidelity Central Funds | 9 | |||
Foreign currency transactions | (1,320) | |||
Total net realized gain (loss) | 1,539,734 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $5,103) | 14,073,329 | |||
Assets and liabilities in foreign currencies | (1,103) | |||
Total change in net unrealized appreciation (depreciation) | 14,072,226 | |||
Net gain (loss) | 15,611,960 | |||
Net increase (decrease) in net assets resulting from operations | $ | 16,104,797 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 492,837 | $ | 1,146,560 |
Net realized gain (loss) | 1,539,734 | (968,815) | ||
Change in net unrealized appreciation (depreciation) | 14,072,226 | 2,150,099 | ||
Net increase (decrease) in net assets resulting from operations | 16,104,797 | 2,327,844 | ||
Distributions to shareholders | (372,215) | (1,156,098) | ||
Share transactions - net increase (decrease) | (15,902,852) | 37,571,402 | ||
Total increase (decrease) in net assets | (170,270) | 38,743,148 | ||
Net Assets | ||||
Beginning of period | 94,735,212 | 55,992,064 | ||
End of period | $ | 94,564,942 | $ | 94,735,212 |
Fidelity Advisor® Global Equity Income Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.61 | $ | 17.01 | $ | 21.07 | $ | 15.95 | $ | 15.33 | $ | 13.86 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .20 | .15 | .10 | .13 | .19 | ||||||
Net realized and unrealized gain (loss) | 2.94 | .61 | (2.41) | 5.32 | .61 | 1.76 | ||||||
Total from investment operations | 3.02 | .81 | (2.26) | 5.42 | .74 | 1.95 | ||||||
Distributions from net investment income | (.06) | (.21) | (.11) | (.10) C | (.12) | (.20) | ||||||
Distributions from net realized gain | - | - | (1.69) | (.20) C | - | (.28) | ||||||
Total distributions | (.06) | (.21) | (1.80) | (.30) | (.12) | (.48) | ||||||
Net asset value, end of period | $ | 20.57 | $ | 17.61 | $ | 17.01 | $ | 21.07 | $ | 15.95 | $ | 15.33 |
Total Return D,E,F | 17.18 % | 4.71% | (11.78)% | 34.23% | 4.87% | 14.52% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.37% I | 1.40% | 1.54% | 1.72% | 1.97% | 2.18% | ||||||
Expenses net of fee waivers, if any | 1.29 % I | 1.29% | 1.30% | 1.34% | 1.39% | 1.45% | ||||||
Expenses net of all reductions | 1.29% I | 1.29% | 1.30% | 1.34% | 1.38% | 1.45% | ||||||
Net investment income (loss) | .84% I | 1.10% | .81% | .49% | .81% | 1.32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 22,617 | $ | 18,786 | $ | 16,093 | $ | 12,640 | $ | 8,362 | $ | 8,314 |
Portfolio turnover rate J | 29 % I | 25% | 17% | 40% | 52% | 18% K |
Fidelity Advisor® Global Equity Income Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.59 | $ | 17.00 | $ | 21.05 | $ | 15.94 | $ | 15.32 | $ | 13.85 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .16 | .10 | .05 | .09 | .15 | ||||||
Net realized and unrealized gain (loss) | 2.94 | .60 | (2.40) | 5.31 | .61 | 1.76 | ||||||
Total from investment operations | 3.00 | .76 | (2.30) | 5.36 | .70 | 1.91 | ||||||
Distributions from net investment income | (.04) | (.17) | (.05) | (.06) C | (.08) | (.16) | ||||||
Distributions from net realized gain | - | - | (1.69) | (.20) C | - | (.28) | ||||||
Total distributions | (.04) | (.17) | (1.75) D | (.25) D | (.08) | (.44) | ||||||
Net asset value, end of period | $ | 20.55 | $ | 17.59 | $ | 17.00 | $ | 21.05 | $ | 15.94 | $ | 15.32 |
Total Return E,F,G | 17.06 % | 4.41% | (11.98)% | 33.89% | 4.63% | 14.23% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.60% J | 1.62% | 1.76% | 1.95% | 2.24% | 2.49% | ||||||
Expenses net of fee waivers, if any | 1.54 % J | 1.54% | 1.55% | 1.60% | 1.64% | 1.70% | ||||||
Expenses net of all reductions | 1.54% J | 1.54% | 1.55% | 1.60% | 1.63% | 1.70% | ||||||
Net investment income (loss) | .59% J | .85% | .56% | .23% | .56% | 1.07% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 15,230 | $ | 12,430 | $ | 8,535 | $ | 8,442 | $ | 3,545 | $ | 3,135 |
Portfolio turnover rate K | 29 % J | 25% | 17% | 40% | 52% | 18% L |
Fidelity Advisor® Global Equity Income Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.41 | $ | 16.82 | $ | 20.88 | $ | 15.84 | $ | 15.24 | $ | 13.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | .06 | .01 | (.05) | .01 | .08 | ||||||
Net realized and unrealized gain (loss) | 2.90 | .61 | (2.39) | 5.28 | .62 | 1.75 | ||||||
Total from investment operations | 2.91 | .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 | $ | 20.32 | $ | 17.41 | $ | 16.82 | $ | 20.88 | $ | 15.84 | $ | 15.24 |
Total Return F,G,H | 16.71 % | 3.94% | (12.46)% | 33.22% | 4.12% | 13.71% | ||||||
Ratios to Average Net Assets A,I,J | ||||||||||||
Expenses before reductions | 2.12% K | 2.17% | 2.31% | 2.47% | 2.75% | 2.99% | ||||||
Expenses net of fee waivers, if any | 2.04 % K | 2.04% | 2.05% | 2.09% | 2.14% | 2.20% | ||||||
Expenses net of all reductions | 2.04% K | 2.04% | 2.05% | 2.09% | 2.13% | 2.20% | ||||||
Net investment income (loss) | .09% K | .35% | .06% | (.26)% | .06% | .57% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,796 | $ | 4,313 | $ | 4,437 | $ | 5,891 | $ | 4,082 | $ | 4,173 |
Portfolio turnover rate L | 29 % K | 25% | 17% | 40% | 52% | 18% M |
Fidelity Advisor® Global Equity Income Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.63 | $ | 17.03 | $ | 21.09 | $ | 15.96 | $ | 15.35 | $ | 13.88 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .25 | .19 | .15 | .17 | .22 | ||||||
Net realized and unrealized gain (loss) | 2.94 | .60 | (2.40) | 5.32 | .60 | 1.77 | ||||||
Total from investment operations | 3.05 | .85 | (2.21) | 5.47 | .77 | 1.99 | ||||||
Distributions from net investment income | (.09) | (.25) | (.15) | (.15) C | (.16) | (.24) | ||||||
Distributions from net realized gain | - | - | (1.69) | (.20) C | - | (.28) | ||||||
Total distributions | (.09) | (.25) | (1.85) D | (.34) D | (.16) | (.52) | ||||||
Net asset value, end of period | $ | 20.59 | $ | 17.63 | $ | 17.03 | $ | 21.09 | $ | 15.96 | $ | 15.35 |
Total Return E,F | 17.31 % | 4.96% | (11.53)% | 34.59% | 5.08% | 14.84% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.09% I | 1.11% | 1.15% | 1.37% | 1.63% | 1.83% | ||||||
Expenses net of fee waivers, if any | 1.04 % I | 1.05% | 1.04% | 1.07% | 1.13% | 1.20% | ||||||
Expenses net of all reductions | 1.04% I | 1.05% | 1.04% | 1.07% | 1.12% | 1.20% | ||||||
Net investment income (loss) | 1.09% I | 1.35% | 1.06% | .75% | 1.06% | 1.57% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 15,393 | $ | 14,282 | $ | 16,953 | $ | 2,823 | $ | 2,378 | $ | 2,188 |
Portfolio turnover rate J | 29 % I | 25% | 17% | 40% | 52% | 18% K |
Fidelity Advisor® Global Equity Income Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.75 | $ | 17.13 | $ | 21.18 | $ | 16.01 | $ | 15.37 | $ | 13.88 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .28 | .22 | .18 | .19 | .25 | ||||||
Net realized and unrealized gain (loss) | 2.98 | .60 | (2.42) | 5.34 | .61 | 1.76 | ||||||
Total from investment operations | 3.10 | .88 | (2.20) | 5.52 | .80 | 2.01 | ||||||
Distributions from net investment income | (.10) | (.26) | (.16) | (.15) C | (.16) | (.24) | ||||||
Distributions from net realized gain | - | - | (1.69) | (.20) C | - | (.28) | ||||||
Total distributions | (.10) | (.26) | (1.85) | (.35) | (.16) | (.52) | ||||||
Net asset value, end of period | $ | 20.75 | $ | 17.75 | $ | 17.13 | $ | 21.18 | $ | 16.01 | $ | 15.37 |
Total Return D,E | 17.47 % | 5.09% | (11.41)% | 34.75% | 5.29% | 15.00% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .96% H | .97% | 1.09% | 1.29% | 1.50% | 1.37% | ||||||
Expenses net of fee waivers, if any | .89 % H | .89% | .89% | .93% | .98% | 1.04% | ||||||
Expenses net of all reductions | .89% H | .89% | .89% | .93% | .97% | 1.04% | ||||||
Net investment income (loss) | 1.24% H | 1.50% | 1.21% | .90% | 1.21% | 1.73% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 36,528 | $ | 44,924 | $ | 9,974 | $ | 4,579 | $ | 3,354 | $ | 3,599 |
Portfolio turnover rate I | 29 % H | 25% | 17% | 40% | 52% | 18% J |
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% |
Gross unrealized appreciation | $23,622,633 |
Gross unrealized depreciation | (2,849,814) |
Net unrealized appreciation (depreciation) | $20,772,819 |
Tax cost | $73,804,572 |
Short-term | $(1,012,416) |
Long-term | (334,711) |
Total capital loss carryforward | $(1,347,127) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Global Equity Income Fund | 13,875,836 | 31,470,554 |
Maximum Management Fee Rate % | |
Class A | 0.88 |
Class M | 0.86 |
Class C | 0.88 |
Class I | 0.85 |
Class Z | 0.72 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .86 |
Class C | .87 |
Class I | .85 |
Class Z | .72 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 27,014 | 2,166 |
Class M | .25% | .25% | 36,214 | 163 |
Class C | .75% | .25% | 23,759 | 4,316 |
86,987 | 6,645 |
Retained by FDC ($) | |
Class A | 2,066 |
Class M | 393 |
Class CA | 63 |
2,522 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.1768 |
Class C | 0.2000 |
Class I | 0.1644 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 14,029 | .20 |
Class M | 8,346 | .18 |
Class C | 3,166 | .20 |
Class I | 8,103 | .16 |
Class Z | 6,550 | .04 |
40,194 |
% of Average Net Assets | |
Fidelity Advisor Global Equity Income Fund | 0.0497 |
% of Average Net Assets | |
Fidelity Advisor Global Equity Income Fund | .05 |
Amount ($) | |
Fidelity Advisor Global Equity Income Fund | 156 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Global Equity Income Fund | 1,010,583 | 3,610,331 | 90,077 |
Amount ($) | |
Fidelity Advisor Global Equity Income Fund | 93 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Global Equity Income Fund | 17 | - | - |
Expense Limitations | Reimbursement ($) | |
Class A | 1.30% | 7,873 |
Class M | 1.55% | 3,975 |
Class C | 2.05% | 1,702 |
Class I | 1.05% | 2,785 |
Class Z | .90% | 11,982 |
28,317 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Global Equity Income Fund | ||
Distributions to shareholders | ||
Class A | $68,337 | $214,532 |
Class M | 28,874 | 103,575 |
Class C | - | 18,505 |
Class I | 68,738 | 291,932 |
Class Z | 206,266 | 527,554 |
Total | $372,215 | $1,156,098 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Global Equity Income Fund | ||||
Class A | ||||
Shares sold | 96,799 | 417,192 | $1,911,439 | $7,613,221 |
Reinvestment of distributions | 3,411 | 11,701 | 67,822 | 214,004 |
Shares redeemed | (67,546) | (308,132) | (1,349,086) | (5,632,749) |
Net increase (decrease) | 32,664 | 120,761 | $630,175 | $2,194,476 |
Class M | ||||
Shares sold | 71,535 | 277,079 | $1,423,250 | $5,046,852 |
Reinvestment of distributions | 1,457 | 5,646 | 28,837 | 103,558 |
Shares redeemed | (38,344) | (78,376) | (777,190) | (1,420,621) |
Net increase (decrease) | 34,648 | 204,349 | $674,897 | $3,729,789 |
Class C | ||||
Shares sold | 18,428 | 57,136 | $359,622 | $1,042,747 |
Reinvestment of distributions | - | 1,009 | - | 18,498 |
Shares redeemed | (30,233) | (74,169) | (592,009) | (1,330,726) |
Net increase (decrease) | (11,805) | (16,024) | $(232,387) | $(269,481) |
Class I | ||||
Shares sold | 68,656 | 1,260,460 | $1,377,539 | $22,822,669 |
Reinvestment of distributions | 2,677 | 13,415 | 53,009 | 244,927 |
Shares redeemed | (133,984) | (1,459,343) | (2,692,792) | (26,791,245) |
Net increase (decrease) | (62,651) | (185,468) | $(1,262,244) | $(3,723,649) |
Class Z | ||||
Shares sold | 261,749 | 2,511,253 | $5,272,705 | $45,972,252 |
Reinvestment of distributions | 10,020 | 27,802 | 199,258 | 513,800 |
Shares redeemed | (1,041,319) | (591,088) | (21,185,256) | (10,845,785) |
Net increase (decrease) | (769,550) | 1,947,967 | $(15,713,293) | $35,640,267 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Global Equity Income Fund | ||||||||||
Class A | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,171.80 | $ 6.97 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.45 | $ 6.47 | |||||||
Class M ** | 1.54% | |||||||||
Actual | $ 1,000 | $ 1,170.60 | $ 8.31 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.21 | $ 7.72 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 1,167.10 | $ 10.99 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.72 | $ 10.22 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,173.10 | $ 5.62 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.69 | $ 5.22 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 1,174.70 | $ 4.81 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.44 | $ 4.47 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity Advisor® Global Equity Income Fund | ||||||
Class M | 1.32% | |||||
Actual | $ 7.13 | |||||
Hypothetical- B | $ 6.62 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.8 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.6 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.6 | |
SAP SE (Germany, Software) | 2.3 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Tokio Marine Holdings, Inc. (Japan, Insurance) | 2.1 | |
Safran SA (France, Aerospace & Defense) | 2.0 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.0 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.9 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.8 | |
24.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.5 | |
Industrials | 19.2 | |
Information Technology | 18.6 | |
Health Care | 15.5 | |
Consumer Discretionary | 10.0 | |
Materials | 6.8 | |
Consumer Staples | 5.1 | |
Energy | 1.2 | |
Communication Services | 0.4 | |
Real Estate | 0.0 | |
Percentages shown as 0.0% may reflect amounts less than 0.05%.
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. |
Common Stocks - 99.3% | |||
Shares | Value ($) (000s) | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (a) | 129,400 | 1,382 | |
Belgium - 0.9% | |||
Azelis Group NV | 40,800 | 986 | |
KBC Group NV | 31,675 | 2,363 | |
TOTAL BELGIUM | 3,349 | ||
Canada - 2.6% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 55,800 | 3,093 | |
Constellation Software, Inc. | 2,380 | 6,127 | |
Constellation Software, Inc. warrants 3/31/40 (b)(c) | 2,780 | 0 | |
Lumine Group, Inc. (b) | 15,341 | 420 | |
TOTAL CANADA | 9,640 | ||
Denmark - 4.8% | |||
Carlsberg A/S Series B | 16,400 | 2,206 | |
DSV A/S | 15,904 | 2,271 | |
Novo Nordisk A/S Series B | 106,100 | 13,607 | |
TOTAL DENMARK | 18,084 | ||
Finland - 1.1% | |||
Nordea Bank Abp | 337,926 | 3,943 | |
France - 13.8% | |||
Accor SA | 69,200 | 3,051 | |
Air Liquide SA | 29,010 | 5,674 | |
ALTEN | 22,075 | 2,608 | |
Antin Infrastructure Partners SA | 9,500 | 122 | |
Capgemini SA | 27,819 | 5,847 | |
Dassault Systemes SA | 60,300 | 2,367 | |
Edenred SA | 14,754 | 700 | |
EssilorLuxottica SA | 26,825 | 5,748 | |
L'Oreal SA | 10,200 | 4,786 | |
LVMH Moet Hennessy Louis Vuitton SE | 10,495 | 8,621 | |
Safran SA | 35,100 | 7,611 | |
TotalEnergies SE | 62,200 | 4,516 | |
TOTAL FRANCE | 51,651 | ||
Germany - 8.8% | |||
Allianz SE | 19,223 | 5,455 | |
Deutsche Borse AG | 24,103 | 4,647 | |
Hannover Reuck SE | 21,629 | 5,364 | |
Infineon Technologies AG | 61,700 | 2,141 | |
Merck KGaA | 19,700 | 3,132 | |
SAP SE | 48,100 | 8,685 | |
Siemens Healthineers AG (a) | 65,700 | 3,644 | |
TOTAL GERMANY | 33,068 | ||
Hong Kong - 1.0% | |||
AIA Group Ltd. | 487,600 | 3,571 | |
India - 0.4% | |||
HDFC Bank Ltd. | 92,484 | 1,679 | |
Indonesia - 0.8% | |||
PT Bank Central Asia Tbk | 5,124,000 | 3,081 | |
Ireland - 1.0% | |||
Kingspan Group PLC (Ireland) | 43,300 | 3,875 | |
Italy - 3.8% | |||
FinecoBank SpA | 219,563 | 3,384 | |
GVS SpA (a)(b) | 28,462 | 166 | |
Industrie de Nora SpA | 16,200 | 219 | |
Recordati SpA | 84,220 | 4,498 | |
UniCredit SpA | 160,100 | 5,876 | |
TOTAL ITALY | 14,143 | ||
Japan - 14.6% | |||
Ajinomoto Co., Inc. | 68,800 | 2,558 | |
BayCurrent Consulting, Inc. | 26,900 | 573 | |
Capcom Co. Ltd. | 100,200 | 1,650 | |
DENSO Corp. | 148,000 | 2,522 | |
FUJIFILM Holdings Corp. | 203,700 | 4,333 | |
Hoya Corp. | 43,931 | 5,093 | |
Mitsubishi Heavy Industries Ltd. | 469,000 | 4,193 | |
NOF Corp. | 134,013 | 1,798 | |
Renesas Electronics Corp. | 127,800 | 2,075 | |
Rohto Pharmaceutical Co. Ltd. | 40,600 | 792 | |
Shin-Etsu Chemical Co. Ltd. | 162,700 | 6,298 | |
Sony Group Corp. | 71,124 | 5,878 | |
Suzuki Motor Corp. | 319,884 | 3,725 | |
TIS, Inc. | 53,427 | 1,141 | |
Tokio Marine Holdings, Inc. | 247,300 | 7,816 | |
Tokyo Electron Ltd. | 18,781 | 4,120 | |
TOTAL JAPAN | 54,565 | ||
Netherlands - 8.0% | |||
ASM International NV (Netherlands) | 6,050 | 3,843 | |
ASML Holding NV (Netherlands) | 15,806 | 14,046 | |
IMCD NV | 28,850 | 4,380 | |
Topicus.Com, Inc. | 6,230 | 508 | |
Wolters Kluwer NV | 46,541 | 6,991 | |
TOTAL NETHERLANDS | 29,768 | ||
Spain - 0.8% | |||
CaixaBank SA | 570,400 | 3,008 | |
Sweden - 3.1% | |||
Addlife AB | 124,837 | 1,162 | |
AddTech AB (B Shares) | 83,987 | 1,774 | |
Atlas Copco AB (A Shares) | 241,692 | 4,233 | |
Indutrade AB | 183,725 | 4,305 | |
Kry International AB (b)(c)(d) | 156 | 5 | |
TOTAL SWEDEN | 11,479 | ||
Switzerland - 4.9% | |||
Alcon, Inc. (Switzerland) | 49,360 | 3,818 | |
Compagnie Financiere Richemont SA Series A | 25,694 | 3,552 | |
Galderma Group AG | 17,965 | 1,339 | |
Partners Group Holding AG | 3,110 | 4,024 | |
Sika AG | 19,488 | 5,582 | |
TOTAL SWITZERLAND | 18,315 | ||
Taiwan - 0.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 116,300 | 2,780 | |
United Kingdom - 17.3% | |||
3i Group PLC | 134,000 | 4,787 | |
AstraZeneca PLC (United Kingdom) | 65,100 | 9,846 | |
BAE Systems PLC | 295,000 | 4,907 | |
Beazley PLC | 98,371 | 815 | |
Compass Group PLC | 239,254 | 6,655 | |
Diageo PLC | 162,276 | 5,608 | |
Diploma PLC | 62,467 | 2,832 | |
Flutter Entertainment PLC (b) | 4,924 | 918 | |
Halma PLC | 88,700 | 2,446 | |
Hiscox Ltd. | 92,673 | 1,424 | |
InterContinental Hotel Group PLC | 28,328 | 2,763 | |
Lloyds Banking Group PLC | 5,536,400 | 3,573 | |
London Stock Exchange Group PLC | 54,600 | 6,019 | |
RELX PLC (London Stock Exchange) | 182,384 | 7,494 | |
Sage Group PLC | 250,100 | 3,644 | |
Volution Group PLC | 208,151 | 1,133 | |
TOTAL UNITED KINGDOM | 64,864 | ||
United States of America - 10.5% | |||
CBRE Group, Inc. (b) | 200 | 17 | |
CDW Corp. | 11,000 | 2,660 | |
Experian PLC | 83,500 | 3,368 | |
Ferguson PLC | 22,800 | 4,832 | |
ICON PLC (b) | 10,900 | 3,247 | |
Linde PLC | 13,734 | 6,056 | |
Marsh & McLennan Companies, Inc. | 29,730 | 5,929 | |
S&P Global, Inc. | 11,931 | 4,961 | |
Schneider Electric SA | 24,100 | 5,495 | |
Thermo Fisher Scientific, Inc. | 4,800 | 2,730 | |
TOTAL UNITED STATES OF AMERICA | 39,295 | ||
TOTAL COMMON STOCKS (Cost $251,928) | 371,540 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) (000s) | ||
Sweden - 0.0% | |||
Kry International AB Series E (b)(c)(d) (Cost $412) | 901 | 37 | |
TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $252,340) | 371,577 |
NET OTHER ASSETS (LIABILITIES) - 0.7% | 2,560 |
NET ASSETS - 100.0% | 374,137 |
(a) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $5,192,000 or 1.4% of net assets. |
(b) | Non-income producing |
(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 $42,000 or 0.0% of net assets. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Kry International AB | 5/14/21 | 68 |
Kry International AB Series E | 5/14/21 | 412 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 4,244 | 36,321 | 40,565 | 81 | - | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 2,927 | 2,927 | 5 | - | - | - | 0.0% |
Total | 4,244 | 39,248 | 43,492 | 86 | - | - | - | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,650 | - | 1,650 | - |
Consumer Discretionary | 37,685 | 3,969 | 33,716 | - |
Consumer Staples | 19,043 | 7,879 | 11,164 | - |
Energy | 4,516 | - | 4,516 | - |
Financials | 83,923 | 34,411 | 49,512 | - |
Health Care | 57,864 | 25,674 | 32,190 | - |
Industrials | 71,638 | 33,764 | 37,874 | - |
Information Technology | 69,833 | 36,302 | 33,489 | 42 |
Materials | 25,408 | 11,638 | 13,770 | - |
Real Estate | 17 | 17 | - | - |
Total Investments in Securities: | 371,577 | 153,654 | 217,881 | 42 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | April 30, 2024 (Unaudited) | |||
Assets | ||||
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $252,340): | $ | 371,577 | ||
Foreign currency held at value (cost $72) | 72 | |||
Receivable for investments sold | 617 | |||
Receivable for fund shares sold | 74 | |||
Dividends receivable | 801 | |||
Reclaims receivable | 1,570 | |||
Distributions receivable from Fidelity Central Funds | 10 | |||
Other receivables | 71 | |||
Total assets | 374,792 | |||
Liabilities | ||||
Payable to custodian bank | $ | 50 | ||
Payable for investments purchased | 119 | |||
Payable for fund shares redeemed | 130 | |||
Accrued management fee | 215 | |||
Distribution and service plan fees payable | 87 | |||
Audit fee payable | 38 | |||
Other payables and accrued expenses | 16 | |||
Total liabilities | 655 | |||
Net Assets | $ | 374,137 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 282,909 | ||
Total accumulated earnings (loss) | 91,228 | |||
Net Assets | $ | 374,137 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($44,237 ÷ 1,417 shares)(a) | $ | 31.22 | ||
Maximum offering price per share (100/94.25 of $31.22) | $ | 33.12 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($178,274 ÷ 5,567 shares)(a) | $ | 32.02 | ||
Maximum offering price per share (100/96.50 of $32.02) | $ | 33.18 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,719 ÷ 92 shares)(a)(b) | $ | 29.68 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($52,721 ÷ 1,637 shares)(b) | $ | 32.20 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($96,186 ÷ 2,993 shares)(b) | $ | 32.14 | ||
(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 | Six months ended April 30, 2024 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 3,457 | ||
Income from Fidelity Central Funds (including $5 from security lending) | 86 | |||
Income before foreign taxes withheld | $ | 3,543 | ||
Less foreign taxes withheld | (245) | |||
Total income | 3,298 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 1,296 | ||
Performance adjustment | (161) | |||
Transfer agent fees | 172 | |||
Distribution and service plan fees | 512 | |||
Accounting fees | 60 | |||
Custodian fees and expenses | 23 | |||
Independent trustees' fees and expenses | 1 | |||
Registration fees | 54 | |||
Audit | 48 | |||
Legal | 1 | |||
Miscellaneous | 3 | |||
Total expenses before reductions | 2,009 | |||
Expense reductions | (17) | |||
Total expenses after reductions | 1,992 | |||
Net Investment income (loss) | 1,306 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $96) | 5,307 | |||
Foreign currency transactions | (17) | |||
Total net realized gain (loss) | 5,290 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $63) | 59,749 | |||
Assets and liabilities in foreign currencies | (35) | |||
Total change in net unrealized appreciation (depreciation) | 59,714 | |||
Net gain (loss) | 65,004 | |||
Net increase (decrease) in net assets resulting from operations | $ | 66,310 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,306 | $ | 3,255 |
Net realized gain (loss) | 5,290 | 7,127 | ||
Change in net unrealized appreciation (depreciation) | 59,714 | 30,705 | ||
Net increase (decrease) in net assets resulting from operations | 66,310 | 41,087 | ||
Distributions to shareholders | (2,839) | (1,443) | ||
Share transactions - net increase (decrease) | (16,639) | (26,879) | ||
Total increase (decrease) in net assets | 46,832 | 12,765 | ||
Net Assets | ||||
Beginning of period | 327,305 | 314,540 | ||
End of period | $ | 374,137 | $ | 327,305 |
Fidelity Advisor® Overseas Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.09 | $ | 23.29 | $ | 34.07 | $ | 24.73 | $ | 24.27 | $ | 22.48 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .23 | .14 | (.04) | (.02) | .35 | ||||||
Net realized and unrealized gain (loss) | 5.26 | 2.67 | (10.20) | 9.38 | .83 | 2.38 | ||||||
Total from investment operations | 5.36 | 2.90 | (10.06) | 9.34 | .81 | 2.73 | ||||||
Distributions from net investment income | (.23) | (.10) | - | - | (.35) | (.21) | ||||||
Distributions from net realized gain | - | - | (.72) | - | - | (.73) | ||||||
Total distributions | (.23) | (.10) | (.72) | - | (.35) | (.94) | ||||||
Net asset value, end of period | $ | 31.22 | $ | 26.09 | $ | 23.29 | $ | 34.07 | $ | 24.73 | $ | 24.27 |
Total Return C,D,E | 20.59 % | 12.43% | (30.12)% | 37.77% | 3.33% | 12.86% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.12% H | 1.13% | 1.36% | 1.43% | 1.49% | 1.21% | ||||||
Expenses net of fee waivers, if any | 1.11 % H | 1.12% | 1.36% | 1.43% | 1.49% | 1.21% | ||||||
Expenses net of all reductions | 1.11% H | 1.12% | 1.36% | 1.43% | 1.48% | 1.19% | ||||||
Net investment income (loss) | .67% H | .84% | .51% | (.12)% | (.08)% | 1.53% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 44 | $ | 38 | $ | 35 | $ | 56 | $ | 46 | $ | 49 |
Portfolio turnover rate I | 30 % H | 37% | 46% | 33% J | 46% | 45% J |
Fidelity Advisor® Overseas Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.73 | $ | 23.85 | $ | 34.94 | $ | 25.41 | $ | 24.94 | $ | 23.06 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .18 | .09 | (.11) | (.07) | .31 | ||||||
Net realized and unrealized gain (loss) | 5.38 | 2.73 | (10.46) | 9.64 | .84 | 2.45 | ||||||
Total from investment operations | 5.45 | 2.91 | (10.37) | 9.53 | .77 | 2.76 | ||||||
Distributions from net investment income | (.16) | (.03) | - | - | (.30) | (.15) | ||||||
Distributions from net realized gain | - | - | (.72) | - | - | (.73) | ||||||
Total distributions | (.16) | (.03) | (.72) | - | (.30) | (.88) | ||||||
Net asset value, end of period | $ | 32.02 | $ | 26.73 | $ | 23.85 | $ | 34.94 | $ | 25.41 | $ | 24.94 |
Total Return C,D,E | 20.44 % | 12.21% | (30.26)% | 37.50% | 3.09% | 12.65% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.34% H | 1.33% | 1.57% | 1.65% | 1.71% | 1.42% | ||||||
Expenses net of fee waivers, if any | 1.33 % H | 1.33% | 1.57% | 1.65% | 1.70% | 1.42% | ||||||
Expenses net of all reductions | 1.33% H | 1.33% | 1.57% | 1.65% | 1.70% | 1.40% | ||||||
Net investment income (loss) | .45% H | .64% | .30% | (.34)% | (.29)% | 1.32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 178 | $ | 155 | $ | 150 | $ | 238 | $ | 194 | $ | 221 |
Portfolio turnover rate I | 30 % H | 37% | 46% | 33% J | 46% | 45% J |
Fidelity Advisor® Overseas Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.71 | $ | 22.15 | $ | 32.69 | $ | 23.92 | $ | 23.46 | $ | 21.72 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | .01 | (.08) | (.28) | (.21) | .15 | ||||||
Net realized and unrealized gain (loss) | 4.98 | 2.55 | (9.74) | 9.05 | .80 | 2.32 | ||||||
Total from investment operations | 4.97 | 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 | $ | 29.68 | $ | 24.71 | $ | 22.15 | $ | 32.69 | $ | 23.92 | $ | 23.46 |
Total Return C,D,E | 20.11 % | 11.56% | (30.66)% | 36.66% | 2.50% | 11.94% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.87% H | 1.92% | 2.16% | 2.25% | 2.31% | 2.03% | ||||||
Expenses net of fee waivers, if any | 1.86 % H | 1.91% | 2.16% | 2.25% | 2.31% | 2.03% | ||||||
Expenses net of all reductions | 1.86% H | 1.91% | 2.16% | 2.25% | 2.30% | 2.02% | ||||||
Net investment income (loss) | (.08)% H | .05% | (.29)% | (.94)% | (.89)% | .70% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3 | $ | 2 | $ | 3 | $ | 5 | $ | 5 | $ | 6 |
Portfolio turnover rate I | 30 % H | 37% | 46% | 33% J | 46% | 45% J |
Fidelity Advisor® Overseas Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.94 | $ | 24.03 | $ | 35.03 | $ | 25.35 | $ | 24.79 | $ | 22.99 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .32 | .23 | .06 | .07 | .42 | ||||||
Net realized and unrealized gain (loss) | 5.41 | 2.75 | (10.51) | 9.62 | .84 | 2.43 | ||||||
Total from investment operations | 5.56 | 3.07 | (10.28) | 9.68 | .91 | 2.85 | ||||||
Distributions from net investment income | (.30) | (.16) | - | - | (.35) | (.32) | ||||||
Distributions from net realized gain | - | - | (.72) | - | - | (.73) | ||||||
Total distributions | (.30) | (.16) | (.72) | - | (.35) | (1.05) | ||||||
Net asset value, end of period | $ | 32.20 | $ | 26.94 | $ | 24.03 | $ | 35.03 | $ | 25.35 | $ | 24.79 |
Total Return C,D | 20.73 % | 12.78% | (29.91)% | 38.19% | 3.68% | 13.21% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .83% G | .83% | 1.08% | 1.12% | 1.15% | .91% | ||||||
Expenses net of fee waivers, if any | .82 % G | .83% | 1.08% | 1.12% | 1.15% | .91% | ||||||
Expenses net of all reductions | .82% G | .83% | 1.08% | 1.12% | 1.14% | .90% | ||||||
Net investment income (loss) | .96% G | 1.14% | .79% | .19% | .27% | 1.82% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 53 | $ | 49 | $ | 48 | $ | 85 | $ | 121 | $ | 117 |
Portfolio turnover rate H | 30 % G | 37% | 46% | 33% I | 46% | 45% I |
Fidelity Advisor® Overseas Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.91 | $ | 24.03 | $ | 34.97 | $ | 25.28 | $ | 24.79 | $ | 23.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .17 | .36 | .27 | .09 | .09 | .45 | ||||||
Net realized and unrealized gain (loss) | 5.41 | 2.74 | (10.49) | 9.60 | .84 | 2.43 | ||||||
Total from investment operations | 5.58 | 3.10 | (10.22) | 9.69 | .93 | 2.88 | ||||||
Distributions from net investment income | (.35) | (.22) | - | - | (.44) | (.36) | ||||||
Distributions from net realized gain | - | - | (.72) | - | - | (.73) | ||||||
Total distributions | (.35) | (.22) | (.72) | - | (.44) | (1.09) | ||||||
Net asset value, end of period | $ | 32.14 | $ | 26.91 | $ | 24.03 | $ | 34.97 | $ | 25.28 | $ | 24.79 |
Total Return C,D | 20.84 % | 12.90% | (29.79)% | 38.33% | 3.77% | 13.38% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .71% G | .70% | .94% | 1.02% | 1.07% | .77% | ||||||
Expenses net of fee waivers, if any | .70 % G | .69% | .93% | 1.02% | 1.06% | .77% | ||||||
Expenses net of all reductions | .70% G | .69% | .93% | 1.02% | 1.05% | .76% | ||||||
Net investment income (loss) | 1.08% G | 1.27% | .94% | .29% | .35% | 1.96% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 96 | $ | 83 | $ | 80 | $ | 108 | $ | 47 | $ | 38 |
Portfolio turnover rate H | 30 % G | 37% | 46% | 33% I | 46% | 45% I |
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% |
Gross unrealized appreciation | $122,277 |
Gross unrealized depreciation | (3,363) |
Net unrealized appreciation (depreciation) | $118,914 |
Tax cost | $252,663 |
Short-term | $(33,940) |
Total capital loss carryforward | $(33,940) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Overseas Fund | 54,420 | 67,730 |
Maximum Management Fee Rate % | |
Class A | .86 |
Class M | .83 |
Class C | .86 |
Class I | .82 |
Class Z | .70 |
Total Management Fee Rate % | |
Class A | .86 |
Class M | .83 |
Class C | .86 |
Class I | .82 |
Class Z | .70 |
Performance Adjustment Index | |
Fidelity Advisor Overseas Fund | MSCI EAFE Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 54 | 1 |
Class M | .25% | .25% | 444 | 4 |
Class C | .75% | .25% | 14 | 1 |
512 | 6 |
Retained by FDC ($) | |
Class A | 2 |
Class M | - B |
Class C A | - B |
2 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.1739% |
Class C | 0.2000% |
Class I | 0.1679% |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 29 | .20 |
Class M | 100 | .17 |
Class C | 2 | .21 |
Class I | 28 | .17 |
Class Z | 13 | .04 |
172 |
% of Average Net Assets | |
Fidelity Advisor Overseas Fund | 0.0497% |
% of Average Net Assets | |
Fidelity Advisor Overseas Fund | .05 |
Amount ($) | |
Fidelity Advisor Overseas Fund | -A |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Overseas Fund | 61 | 4,665 | 611 |
Amount ($) | |
Fidelity Advisor Overseas Fund | 22 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Overseas Fund | 1 | - | - |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Overseas Fund | ||
Distributions to shareholders | ||
Class A | $323 | $143 |
Class M | 922 | 199 |
Class I | 511 | 328 |
Class Z | 1,083 | 773 |
Total | $2,839 | $1,443 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Overseas Fund | ||||
Class A | ||||
Shares sold | 51 | 252 | $1,570 | $7,038 |
Reinvestment of distributions | 11 | 5 | 304 | 135 |
Shares redeemed | (86) | (319) | (2,617) | (8,807) |
Net increase (decrease) | (24) | (62) | $(743) | $(1,634) |
Class M | ||||
Shares sold | 269 | 675 | $8,442 | $19,001 |
Reinvestment of distributions | 31 | 7 | 908 | 197 |
Shares redeemed | (539) | (1,149) | (16,833) | (32,405) |
Net increase (decrease) | (239) | (467) | $(7,483) | $(13,207) |
Class C | ||||
Shares sold | 4 | 13 | $85 | $351 |
Shares redeemed | (10) | (36) | (281) | (934) |
Net increase (decrease) | (6) | (23) | $(196) | $(583) |
Class I | ||||
Shares sold | 302 | 971 | $9,572 | $28,244 |
Reinvestment of distributions | 15 | 11 | 445 | 290 |
Shares redeemed | (498) | (1,147) | (15,305) | (33,319) |
Net increase (decrease) | (181) | (165) | $(5,288) | $(4,785) |
Class Z | ||||
Shares sold | 324 | 618 | $10,187 | $17,103 |
Reinvestment of distributions | 9 | 6 | 279 | 165 |
Shares redeemed | (429) | (846) | (13,395) | (23,938) |
Net increase (decrease) | (96) | (222) | $(2,929) | $(6,670) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Overseas Fund | ||||||||||
Class A | 1.11% | |||||||||
Actual | $ 1,000 | $ 1,205.90 | $ 6.09 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.34 | $ 5.57 | |||||||
Class M | 1.33% | |||||||||
Actual | $ 1,000 | $ 1,204.40 | $ 7.29 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.25 | $ 6.67 | |||||||
Class C | 1.86% | |||||||||
Actual | $ 1,000 | $ 1,201.10 | $ 10.18 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.61 | $ 9.32 | |||||||
Class I | .82% | |||||||||
Actual | $ 1,000 | $ 1,207.30 | $ 4.50 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.79 | $ 4.12 | |||||||
Class Z | .70% | |||||||||
Actual | $ 1,000 | $ 1,208.40 | $ 3.84 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.38 | $ 3.52 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 9.1 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 8.6 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 6.9 | |
Haier Smart Home Co. Ltd. (A Shares) (China, Household Durables) | 3.8 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 3.0 | |
China Life Insurance Co. Ltd. (H Shares) (China, Insurance) | 2.9 | |
Barrick Gold Corp. (Canada, Metals & Mining) | 2.7 | |
National Bank of Greece SA (Greece, Banks) | 2.6 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 2.5 | |
Korea Aerospace Industries Ltd. (Korea (South), Aerospace & Defense) | 2.3 | |
44.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.0 | |
Information Technology | 18.6 | |
Consumer Discretionary | 16.0 | |
Materials | 11.3 | |
Communication Services | 10.1 | |
Industrials | 9.5 | |
Consumer Staples | 4.4 | |
Health Care | 4.3 | |
Energy | 2.9 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 93.6% | |||
Shares | Value ($) | ||
Australia - 1.0% | |||
Paladin Energy Ltd. (Australia) (a) | 5,043,038 | 44,755,692 | |
Brazil - 2.2% | |||
Localiza Rent a Car SA | 14,847 | 140,190 | |
Suzano SA | 5,606,600 | 63,120,948 | |
XP, Inc. Class A | 1,636,600 | 33,501,202 | |
TOTAL BRAZIL | 96,762,340 | ||
Canada - 2.7% | |||
Barrick Gold Corp. | 7,026,300 | 116,917,632 | |
Chile - 2.3% | |||
Antofagasta PLC | 3,586,500 | 99,041,395 | |
China - 33.2% | |||
Alibaba Group Holding Ltd. | 11,769,800 | 110,201,397 | |
China Life Insurance Co. Ltd. (H Shares) | 97,624,000 | 128,563,316 | |
Haier Smart Home Co. Ltd. (A Shares) | 39,853,199 | 165,802,035 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 39,497,645 | 87,277,767 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 158,615,000 | 85,053,894 | |
Kweichow Moutai Co. Ltd. (A Shares) | 424,903 | 99,625,388 | |
Meituan Class B (a)(b) | 9,499,240 | 129,707,669 | |
New Oriental Education & Technology Group, Inc. (a) | 8,584,100 | 68,208,964 | |
PDD Holdings, Inc. ADR (a) | 501,800 | 62,815,324 | |
Shangri-La Asia Ltd. | 32,594,000 | 22,734,022 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 8,143,013 | 66,780,541 | |
Tencent Holdings Ltd. | 8,581,800 | 376,596,849 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 6,656,075 | 47,966,352 | |
TOTAL CHINA | 1,451,333,518 | ||
Greece - 2.6% | |||
National Bank of Greece SA (a) | 13,974,021 | 112,742,849 | |
Hong Kong - 1.1% | |||
Pacific Basin Shipping Ltd. | 138,317,000 | 47,893,350 | |
Hungary - 1.4% | |||
Richter Gedeon PLC | 2,385,846 | 60,755,631 | |
India - 10.1% | |||
Axis Bank Ltd. | 5,060,700 | 70,617,644 | |
Bharat Heavy Electricals Ltd. | 11,329,600 | 38,098,812 | |
HDFC Bank Ltd. | 4,089,796 | 74,251,986 | |
ICICI Bank Ltd. | 6,209,900 | 85,541,557 | |
JK Cement Ltd. | 495,462 | 23,694,110 | |
Larsen & Toubro Ltd. | 1,386,145 | 59,567,771 | |
Shree Cement Ltd. | 59,653 | 17,459,585 | |
Solar Industries India Ltd. | 551,012 | 59,070,077 | |
Zomato Ltd. (a) | 6,726,695 | 15,520,308 | |
TOTAL INDIA | 443,821,850 | ||
Korea (South) - 12.4% | |||
Hd Hyundai Mipo (a) | 830,712 | 44,606,219 | |
Hyundai Motor Co. Ltd. | 302,470 | 54,254,766 | |
Korea Aerospace Industries Ltd. | 2,695,238 | 100,076,429 | |
Samsung Biologics Co. Ltd. (a)(b) | 72,960 | 40,892,925 | |
Samsung Electronics Co. Ltd. | 5,466,021 | 302,987,149 | |
TOTAL KOREA (SOUTH) | 542,817,488 | ||
Mexico - 2.0% | |||
Grupo Financiero Banorte S.A.B. de CV Series O | 4,314,900 | 42,706,320 | |
Wal-Mart de Mexico SA de CV Series V | 11,606,400 | 43,306,982 | |
TOTAL MEXICO | 86,013,302 | ||
Peru - 1.9% | |||
Credicorp Ltd. (United States) | 501,300 | 83,020,293 | |
Poland - 1.6% | |||
Powszechna Kasa Oszczednosci Bank SA | 4,591,100 | 68,701,255 | |
Russia - 0.4% | |||
LUKOIL PJSC sponsored ADR (a)(c) | 782,000 | 9,853,200 | |
Sberbank of Russia sponsored ADR (a)(c) | 3,242,100 | 57,709 | |
Yandex NV Series A (a)(c) | 798,300 | 9,260,280 | |
TOTAL RUSSIA | 19,171,189 | ||
South Africa - 4.1% | |||
FirstRand Ltd. (d) | 20,152,600 | 69,569,841 | |
Impala Platinum Holdings Ltd. | 12,143,100 | 54,055,671 | |
MTN Group Ltd. (d) | 11,767,554 | 56,399,622 | |
TOTAL SOUTH AFRICA | 180,025,134 | ||
Taiwan - 14.6% | |||
Asia Vital Components Co. Ltd. | 2,162,000 | 42,571,217 | |
ECLAT Textile Co. Ltd. | 4,540,000 | 71,306,000 | |
HIWIN Technologies Corp. | 8,025,159 | 56,648,782 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 16,667,554 | 398,374,471 | |
Yageo Corp. | 3,684,237 | 70,150,041 | |
TOTAL TAIWAN | 639,050,511 | ||
TOTAL COMMON STOCKS (Cost $3,751,825,112) | 4,092,823,429 | ||
Nonconvertible Preferred Stocks - 4.5% | |||
Shares | Value ($) | ||
Brazil - 4.5% | |||
Gerdau SA sponsored ADR | 18,365,080 | 63,910,478 | |
Itau Unibanco Holding SA | 9,624,180 | 58,123,923 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 4,444,478 | 75,422,792 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $164,620,591) | 197,457,193 | ||
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) | 83,948,360 | 83,965,150 | |
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f) | 40,281,330 | 40,285,358 | |
TOTAL MONEY MARKET FUNDS (Cost $124,250,508) | 124,250,508 | ||
TOTAL INVESTMENT IN SECURITIES - 101.0% (Cost $4,040,696,211) | 4,414,531,130 |
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (43,598,326) |
NET ASSETS - 100.0% | 4,370,932,804 |
(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 $257,878,361 or 5.9% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.39% | 21,497,428 | 749,233,483 | 686,765,165 | 2,405,307 | (596) | - | 83,965,150 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 94,195,616 | 53,910,258 | 76,991 | - | - | 40,285,358 | 0.1% |
Total | 21,497,428 | 843,429,099 | 740,675,423 | 2,482,298 | (596) | - | 124,250,508 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 442,256,751 | - | 432,996,471 | 9,260,280 |
Consumer Discretionary | 700,550,485 | 62,815,324 | 637,735,161 | - |
Consumer Staples | 190,898,722 | 43,306,982 | 147,591,740 | - |
Energy | 130,031,684 | 75,422,792 | 44,755,692 | 9,853,200 |
Financials | 912,451,789 | 398,795,842 | 513,598,238 | 57,709 |
Health Care | 188,926,323 | 60,755,631 | 128,170,692 | - |
Industrials | 413,812,094 | 140,190 | 413,671,904 | - |
Information Technology | 814,082,878 | - | 814,082,878 | - |
Materials | 497,269,896 | 342,990,453 | 154,279,443 | - |
Money Market Funds | 124,250,508 | 124,250,508 | - | - |
Total Investments in Securities: | 4,414,531,130 | 1,108,477,722 | 3,286,882,219 | 19,171,189 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $37,636,896) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,916,445,703) | $ | 4,290,280,622 | ||
Fidelity Central Funds (cost $124,250,508) | 124,250,508 | |||
Total Investment in Securities (cost $4,040,696,211) | $ | 4,414,531,130 | ||
Foreign currency held at value (cost $5,232,713) | 5,229,984 | |||
Receivable for investments sold | 10,461,851 | |||
Receivable for fund shares sold | 3,816,143 | |||
Dividends receivable | 7,504,524 | |||
Distributions receivable from Fidelity Central Funds | 793,725 | |||
Prepaid expenses | 1,149 | |||
Other receivables | 268,712 | |||
Total assets | 4,442,607,218 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,420,390 | ||
Payable for fund shares redeemed | 2,923,290 | |||
Accrued management fee | 3,074,800 | |||
Distribution and service plan fees payable | 66,882 | |||
Deferred taxes | 16,994,785 | |||
Other payables and accrued expenses | 908,909 | |||
Collateral on securities loaned | 40,285,358 | |||
Total liabilities | 71,674,414 | |||
Net Assets | $ | 4,370,932,804 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,351,726,014 | ||
Total accumulated earnings (loss) | 19,206,790 | |||
Net Assets | $ | 4,370,932,804 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($180,369,742 ÷ 6,045,782 shares)(a) | $ | 29.83 | ||
Maximum offering price per share (100/94.25 of $29.83) | $ | 31.65 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($31,504,870 ÷ 1,067,607 shares)(a) | $ | 29.51 | ||
Maximum offering price per share (100/96.50 of $29.51) | $ | 30.58 | ||
Class C : | ||||
Net Asset Value and offering price per share ($19,527,461 ÷ 704,006 shares)(a) | $ | 27.74 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($2,605,134,284 ÷ 86,938,120 shares) | $ | 29.97 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,534,396,447 ÷ 51,307,622 shares) | $ | 29.91 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 34,174,862 | ||
Income from Fidelity Central Funds (including $76,991 from security lending) | 2,482,298 | |||
Income before foreign taxes withheld | $ | 36,657,160 | ||
Less foreign taxes withheld | (4,053,345) | |||
Total income | 32,603,815 | |||
Expenses | ||||
Management fee | $ | 15,911,163 | ||
Transfer agent fees | 1,625,577 | |||
Distribution and service plan fees | 372,216 | |||
Accounting fees | 515,052 | |||
Custodian fees and expenses | 289,210 | |||
Independent trustees' fees and expenses | 9,753 | |||
Registration fees | 136,164 | |||
Audit | 48,855 | |||
Legal | 2,052 | |||
Interest | 19,144 | |||
Miscellaneous | 7,046 | |||
Total expenses before reductions | 18,936,232 | |||
Expense reductions | (178,455) | |||
Total expenses after reductions | 18,757,777 | |||
Net Investment income (loss) | 13,846,038 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $9,179,994) | (28,249,275) | |||
Fidelity Central Funds | (596) | |||
Foreign currency transactions | (901,497) | |||
Total net realized gain (loss) | (29,151,368) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $8,186,638) | 675,649,776 | |||
Assets and liabilities in foreign currencies | (83,609) | |||
Total change in net unrealized appreciation (depreciation) | 675,566,167 | |||
Net gain (loss) | 646,414,799 | |||
Net increase (decrease) in net assets resulting from operations | $ | 660,260,837 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 13,846,038 | $ | 61,421,663 |
Net realized gain (loss) | (29,151,368) | (123,198,980) | ||
Change in net unrealized appreciation (depreciation) | 675,566,167 | 170,184,390 | ||
Net increase (decrease) in net assets resulting from operations | 660,260,837 | 108,407,073 | ||
Distributions to shareholders | (63,079,566) | (23,514,660) | ||
Share transactions - net increase (decrease) | 75,679,402 | 1,894,591,299 | ||
Total increase (decrease) in net assets | 672,860,673 | 1,979,483,712 | ||
Net Assets | ||||
Beginning of period | 3,698,072,131 | 1,718,588,419 | ||
End of period | $ | 4,370,932,804 | $ | 3,698,072,131 |
Fidelity Advisor® Focused Emerging Markets Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.58 | $ | 22.89 | $ | 36.01 | $ | 30.73 | $ | 26.18 | $ | 24.48 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .47 C | .59 | .31 | .15 | .44 D | ||||||
Net realized and unrealized gain (loss) | 4.56 | 2.42 | (12.07) | 5.64 | 4.48 | 4.26 | ||||||
Total from investment operations | 4.61 | 2.89 | (11.48) | 5.95 | 4.63 | 4.70 | ||||||
Distributions from net investment income | (.36) | (.20) | (.52) | (.05) | (.08) | (.06) E | ||||||
Distributions from net realized gain | - | - | (1.12) | (.62) | - | (2.94) E | ||||||
Total distributions | (.36) | (.20) | (1.64) | (.67) | (.08) | (3.00) | ||||||
Net asset value, end of period | $ | 29.83 | $ | 25.58 | $ | 22.89 | $ | 36.01 | $ | 30.73 | $ | 26.18 |
Total Return F,G,H | 18.14 % | 12.59% | (33.30)% | 19.43% | 17.71% | 19.42% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.28% K | 1.33% | 1.34% | 1.32% | 1.39% | 1.41% | ||||||
Expenses net of fee waivers, if any | 1.27 % K | 1.33% | 1.34% | 1.32% | 1.39% | 1.41% | ||||||
Expenses net of all reductions | 1.27% K | 1.33% | 1.34% | 1.32% | 1.36% | 1.39% | ||||||
Net investment income (loss) | .38% K | 1.72% C | 1.99% | .83% | .54% | 1.62% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 180,370 | $ | 130,156 | $ | 117,404 | $ | 191,955 | $ | 150,749 | $ | 144,062 |
Portfolio turnover rate L | 40 % K | 33% | 63% | 51% | 66% | 166% M |
Fidelity Advisor® Focused Emerging Markets Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.26 | $ | 22.60 | $ | 35.56 | $ | 30.36 | $ | 25.86 | $ | 24.25 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | .39 C | .50 | .20 | .07 | .36 D | ||||||
Net realized and unrealized gain (loss) | 4.51 | 2.40 | (11.94) | 5.58 | 4.43 | 4.20 | ||||||
Total from investment operations | 4.53 | 2.79 | (11.44) | 5.78 | 4.50 | 4.56 | ||||||
Distributions from net investment income | (.28) | (.13) | (.41) | - | - | (.02) E | ||||||
Distributions from net realized gain | - | - | (1.12) | (.58) | - | (2.93) E | ||||||
Total distributions | (.28) | (.13) | (1.52) F | (.58) | - | (2.95) | ||||||
Net asset value, end of period | $ | 29.51 | $ | 25.26 | $ | 22.60 | $ | 35.56 | $ | 30.36 | $ | 25.86 |
Total Return G,H,I | 18.02 % | 12.30% | (33.50)% | 19.10% | 17.40% | 19.03% | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | 1.50% L | 1.60% | 1.62% | 1.61% | 1.68% | 1.70% | ||||||
Expenses net of fee waivers, if any | 1.49 % L | 1.60% | 1.62% | 1.60% | 1.67% | 1.70% | ||||||
Expenses net of all reductions | 1.49% L | 1.59% | 1.62% | 1.60% | 1.64% | 1.68% | ||||||
Net investment income (loss) | .16% L | 1.45% C | 1.71% | .55% | .25% | 1.33% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 31,505 | $ | 29,402 | $ | 28,497 | $ | 48,494 | $ | 42,509 | $ | 45,310 |
Portfolio turnover rate M | 40 % L | 33% | 63% | 51% | 66% | 166% N |
Fidelity Advisor® Focused Emerging Markets Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.69 | $ | 21.21 | $ | 33.42 | $ | 28.57 | $ | 24.46 | $ | 23.18 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.04) | .24 C | .33 | .01 | (.06) | .22 D | ||||||
Net realized and unrealized gain (loss) | 4.23 | 2.24 | (11.21) | 5.27 | 4.17 | 4.02 | ||||||
Total from investment operations | 4.19 | 2.48 | (10.88) | 5.28 | 4.11 | 4.24 | ||||||
Distributions from net investment income | (.14) | - | (.21) | - | - | (.02) E | ||||||
Distributions from net realized gain | - | - | (1.12) | (.43) | - | (2.94) E | ||||||
Total distributions | (.14) | - | (1.33) | (.43) | - | (2.96) | ||||||
Net asset value, end of period | $ | 27.74 | $ | 23.69 | $ | 21.21 | $ | 33.42 | $ | 28.57 | $ | 24.46 |
Total Return F,G,H | 17.74 % | 11.69% | (33.82)% | 18.52% | 16.80% | 18.48% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.99% K | 2.10% | 2.12% | 2.11% | 2.18% | 2.20% | ||||||
Expenses net of fee waivers, if any | 1.99 % K | 2.10% | 2.12% | 2.11% | 2.17% | 2.20% | ||||||
Expenses net of all reductions | 1.99% K | 2.10% | 2.12% | 2.11% | 2.14% | 2.17% | ||||||
Net investment income (loss) | (.34)% K | .95% C | 1.21% | .04% | (.25)% | .83% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 19,527 | $ | 19,041 | $ | 19,733 | $ | 37,777 | $ | 35,268 | $ | 41,615 |
Portfolio turnover rate L | 40 % K | 33% | 63% | 51% | 66% | 166% M |
Fidelity Advisor® Focused Emerging Markets Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.75 | $ | 23.06 | $ | 36.27 | $ | 30.94 | $ | 26.34 | $ | 24.65 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .56 C | .66 | .42 | .24 | .54 D | ||||||
Net realized and unrealized gain (loss) | 4.59 | 2.43 | (12.12) | 5.67 | 4.51 | 4.26 | ||||||
Total from investment operations | 4.68 | 2.99 | (11.46) | 6.09 | 4.75 | 4.80 | ||||||
Distributions from net investment income | (.46) | (.30) | (.63) | (.15) | (.15) | (.17) E | ||||||
Distributions from net realized gain | - | - | (1.12) | (.62) | - | (2.94) E | ||||||
Total distributions | (.46) | (.30) | (1.75) | (.76) F | (.15) | (3.11) | ||||||
Net asset value, end of period | $ | 29.97 | $ | 25.75 | $ | 23.06 | $ | 36.27 | $ | 30.94 | $ | 26.34 |
Total Return G,H | 18.34 % | 12.92% | (33.08)% | 19.77% | 18.13% | 19.78% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .99% K | 1.02% | 1.03% | 1.03% | 1.06% | 1.09% | ||||||
Expenses net of fee waivers, if any | .98 % K | 1.01% | 1.03% | 1.03% | 1.06% | 1.09% | ||||||
Expenses net of all reductions | .98% K | 1.01% | 1.03% | 1.03% | 1.03% | 1.06% | ||||||
Net investment income (loss) | .67% K | 2.04% C | 2.31% | 1.13% | .86% | 1.94% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,605,134 | $ | 2,063,159 | $ | 696,741 | $ | 660,307 | $ | 312,731 | $ | 288,485 |
Portfolio turnover rate L | 40 % K | 33% | 63% | 51% | 66% | 166% M |
Fidelity Advisor® Focused Emerging Markets Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.71 | $ | 23.01 | $ | 36.21 | $ | 30.89 | $ | 26.33 | $ | 24.65 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .59 C | .71 | .47 | .28 | .57 D | ||||||
Net realized and unrealized gain (loss) | 4.57 | 2.44 | (12.11) | 5.66 | 4.50 | 4.26 | ||||||
Total from investment operations | 4.68 | 3.03 | (11.40) | 6.13 | 4.78 | 4.83 | ||||||
Distributions from net investment income | (.48) | (.33) | (.68) | (.20) | (.22) | (.21) E | ||||||
Distributions from net realized gain | - | - | (1.12) | (.62) | - | (2.94) E | ||||||
Total distributions | (.48) | (.33) | (1.80) | (.81) F | (.22) | (3.15) | ||||||
Net asset value, end of period | $ | 29.91 | $ | 25.71 | $ | 23.01 | $ | 36.21 | $ | 30.89 | $ | 26.33 |
Total Return G,H | 18.40 % | 13.10% | (33.01)% | 19.94% | 18.29% | 19.93% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .85% K | .89% | .90% | .90% | .94% | .95% | ||||||
Expenses net of fee waivers, if any | .84 % K | .88% | .90% | .90% | .93% | .95% | ||||||
Expenses net of all reductions | .84% K | .88% | .90% | .90% | .90% | .92% | ||||||
Net investment income (loss) | .81% K | 2.16% C | 2.43% | 1.25% | .99% | 2.09% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,534,396 | $ | 1,456,314 | $ | 856,213 | $ | 1,127,699 | $ | 542,418 | $ | 90,032 |
Portfolio turnover rate L | 40 % K | 33% | 63% | 51% | 66% | 166% M |
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% |
Gross unrealized appreciation | $750,502,567 |
Gross unrealized depreciation | (390,244,238) |
Net unrealized appreciation (depreciation) | $360,258,329 |
Tax cost | $4,054,272,801 |
Short-term | $(158,619,457) |
Long-term | (104,639,561) |
Total capital loss carryforward | $(263,259,018) |
Purchases ($) | Sales ($) | |
Fidelity Advisor Focused Emerging Markets Fund | 771,188,112 | 818,943,731 |
Maximum Management Fee Rate % | |
Class A | .98 |
Class M | .98 |
Class C | .98 |
Class I | .95 |
Class Z | .83 |
Total Management Fee Rate % | |
Class A | .91 |
Class M | .91 |
Class C | .91 |
Class I | .91 |
Class Z | .79 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 196,153 | 3,679 |
Class M | .25% | .25% | 77,600 | 500 |
Class C | .75% | .25% | 98,463 | 12,296 |
372,216 | 16,475 |
Retained by FDC ($) | |
Class A | 9,422 |
Class M | 782 |
Class sA | 271 |
10,475 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Class I | .1658 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 100,858 | .21 |
Class M | 21,565 | .21 |
Class C | 13,803 | .21 |
Class I | 1,287,340 | .17 |
Class Z | 202,011 | .04 |
1,625,577 |
% of Average Net Assets | |
Fidelity Advisor Focused Emerging Markets Fund | .0409 |
% of Average Net Assets | |
Fidelity Advisor Focused Emerging Markets Fund | .04 |
Amount ($) | |
Fidelity Advisor Focused Emerging Markets Fund | 5,956 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Advisor Focused Emerging Markets Fund | Borrower | 61,917,000 | 5.57% | 19,144 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Focused Emerging Markets Fund | 1,069,614 | 6,546,296 | 1,169,661 |
Amount ($) | |
Fidelity Advisor Focused Emerging Markets Fund | 3,593 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Focused Emerging Markets Fund | 8,369 | - | - |
Expense reduction ($) | |
Class M | 63 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Focused Emerging Markets Fund | ||
Distributions to shareholders | ||
Class A | $1,789,295 | $1,026,327 |
Class M | 312,730 | 156,866 |
Class C | 108,628 | - |
Class I | 36,223,237 | 9,611,585 |
Class Z | 24,645,676 | 12,719,882 |
Total | $63,079,566 | $23,514,660 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Focused Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 1,589,155 | 1,139,512 | $44,180,581 | $31,480,973 |
Reinvestment of distributions | 64,490 | 37,305 | 1,745,981 | 1,002,465 |
Shares redeemed | (696,325) | (1,217,283) | (19,670,032) | (33,144,535) |
Net increase (decrease) | 957,320 | (40,466) | $26,256,530 | $(661,097) |
Class M | ||||
Shares sold | 29,207 | 87,737 | $811,208 | $2,388,915 |
Reinvestment of distributions | 11,291 | 5,728 | 302,725 | 152,271 |
Shares redeemed | (136,786) | (190,279) | (3,799,405) | (5,187,284) |
Net increase (decrease) | (96,288) | (96,814) | $(2,685,472) | $(2,646,098) |
Class C | ||||
Shares sold | 37,259 | 141,189 | $964,763 | $3,648,827 |
Reinvestment of distributions | 4,219 | - | 106,700 | - |
Shares redeemed | (141,164) | (268,014) | (3,666,861) | (6,759,598) |
Net increase (decrease) | (99,686) | (126,825) | $(2,595,398) | $(3,110,771) |
Class I | ||||
Shares sold | 21,447,803 | 67,051,000 | $607,756,521 | $1,830,571,553 |
Reinvestment of distributions | 1,180,312 | 286,193 | 32,052,946 | 7,724,700 |
Shares redeemed | (15,812,229) | (17,433,766) | (442,187,638) | (475,311,650) |
Net increase (decrease) | 6,815,886 | 49,903,427 | $197,621,829 | $1,362,984,603 |
Class Z | ||||
Shares sold | 12,903,912 | 44,675,967 | $362,154,548 | $1,215,199,674 |
Reinvestment of distributions | 360,193 | 177,977 | 9,755,940 | 4,789,905 |
Shares redeemed | (18,607,967) | (25,413,754) | (514,828,575) | (681,964,917) |
Net increase (decrease) | (5,343,862) | 19,440,190 | $(142,918,087) | $538,024,662 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Focused Emerging Markets Fund | ||||||||||
Class A ** | 1.27% | |||||||||
Actual | $ 1,000 | $ 1,181.40 | $ 6.89 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.55 | $ 6.37 | |||||||
Class M | 1.49% | |||||||||
Actual | $ 1,000 | $ 1,180.20 | $ 8.08 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.45 | $ 7.47 | |||||||
Class C | 1.99% | |||||||||
Actual | $ 1,000 | $ 1,177.40 | $ 10.77 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.97 | $ 9.97 | |||||||
Class I ** | .98% | |||||||||
Actual | $ 1,000 | $ 1,183.40 | $ 5.32 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.99 | $ 4.92 | |||||||
Class Z | .84% | |||||||||
Actual | $ 1,000 | $ 1,184.00 | $ 4.56 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.69 | $ 4.22 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity Advisor® Focused Emerging Markets Fund | ||||||
Class A | 1.18% | |||||
Actual | $ 6.40 | |||||
Hypothetical- B | $ 5.92 | |||||
Class I | .93% | |||||
Actual | $ 5.05 | |||||
Hypothetical- B | $ 4.67 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.7 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.3 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.2 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 1.9 | |
SAP SE (Germany, Software) | 1.7 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.6 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 1.6 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.5 | |
22.0 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 22.2 | |
Financials | 21.5 | |
Information Technology | 17.5 | |
Health Care | 10.5 | |
Consumer Discretionary | 8.8 | |
Materials | 7.6 | |
Energy | 5.6 | |
Consumer Staples | 3.8 | |
Communication Services | 0.6 | |
Real Estate | 0.2 | |
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. |
Common Stocks - 97.8% | |||
Shares | Value ($) (000s) | ||
Australia - 0.6% | |||
Aristocrat Leisure Ltd. | 202,251 | 5,161 | |
CAR Group Ltd. | 77,081 | 1,671 | |
Steadfast Group Ltd. | 521,145 | 1,897 | |
TOTAL AUSTRALIA | 8,729 | ||
Belgium - 0.4% | |||
UCB SA | 42,458 | 5,644 | |
Canada - 7.0% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 256,916 | 14,239 | |
Cameco Corp. | 147,384 | 6,724 | |
Canadian Natural Resources Ltd. | 213,101 | 16,148 | |
Canadian Pacific Kansas City Ltd. | 79,670 | 6,249 | |
Constellation Software, Inc. | 5,448 | 14,026 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 7,474 | 0 | |
Franco-Nevada Corp. | 75,689 | 9,111 | |
Imperial Oil Ltd. | 131,574 | 9,046 | |
Ivanhoe Mines Ltd. (a) | 688,230 | 9,329 | |
Lumine Group, Inc. (a) | 20,819 | 570 | |
MEG Energy Corp. (a) | 204,569 | 4,653 | |
Thomson Reuters Corp. | 41,747 | 6,305 | |
TOTAL CANADA | 96,400 | ||
China - 1.1% | |||
Chervon Holdings Ltd. | 422,195 | 1,025 | |
Li Ning Co. Ltd. | 669,391 | 1,752 | |
NXP Semiconductors NV | 48,695 | 12,475 | |
TOTAL CHINA | 15,252 | ||
Denmark - 4.2% | |||
Carlsberg A/S Series B | 45,825 | 6,164 | |
DSV A/S | 20,612 | 2,943 | |
Novo Nordisk A/S Series B | 354,997 | 45,526 | |
Pandora A/S | 24,115 | 3,690 | |
TOTAL DENMARK | 58,323 | ||
France - 10.1% | |||
Air Liquide SA | 68,380 | 13,374 | |
Airbus Group NV | 58,941 | 9,699 | |
ALTEN | 9,460 | 1,118 | |
AXA SA | 310,717 | 10,757 | |
BNP Paribas SA | 137,795 | 9,916 | |
Capgemini SA | 71,721 | 15,074 | |
EssilorLuxottica SA | 69,785 | 14,954 | |
Legrand SA | 62,241 | 6,396 | |
LVMH Moet Hennessy Louis Vuitton SE | 36,056 | 29,618 | |
Pernod Ricard SA | 52,041 | 7,886 | |
Safran SA | 60,658 | 13,153 | |
Sartorius Stedim Biotech | 14,264 | 3,090 | |
Thales SA | 24,393 | 4,112 | |
TOTAL FRANCE | 139,147 | ||
Germany - 7.6% | |||
Allianz SE | 67,890 | 19,266 | |
Deutsche Borse AG | 40,368 | 7,783 | |
DHL Group | 150,676 | 6,309 | |
Hannover Reuck SE | 39,636 | 9,830 | |
Infineon Technologies AG | 212,141 | 7,362 | |
Merck KGaA | 66,896 | 10,634 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 25,082 | 11,034 | |
Rheinmetall AG | 904 | 499 | |
SAP SE | 126,974 | 22,927 | |
Siemens AG | 23,280 | 4,361 | |
Siemens Healthineers AG (c) | 74,340 | 4,123 | |
TOTAL GERMANY | 104,128 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 516,200 | 2,068 | |
Hong Kong - 0.8% | |||
AIA Group Ltd. | 1,503,582 | 11,013 | |
India - 2.4% | |||
Axis Bank Ltd. | 402,300 | 5,614 | |
Fairfax India Holdings Corp. (a)(c) | 168,624 | 2,499 | |
HDFC Bank Ltd. | 794,000 | 14,415 | |
Reliance Industries Ltd. | 292,675 | 10,271 | |
TOTAL INDIA | 32,799 | ||
Indonesia - 1.0% | |||
PT Bank Central Asia Tbk | 12,610,169 | 7,582 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 19,713,326 | 5,967 | |
TOTAL INDONESIA | 13,549 | ||
Ireland - 0.7% | |||
Kingspan Group PLC (Ireland) | 98,711 | 8,833 | |
Smurfit Kappa Group PLC | 33,854 | 1,472 | |
TOTAL IRELAND | 10,305 | ||
Italy - 2.1% | |||
FinecoBank SpA | 484,967 | 7,474 | |
Ryanair Holdings PLC sponsored ADR | 33,114 | 4,510 | |
UniCredit SpA | 465,536 | 17,087 | |
TOTAL ITALY | 29,071 | ||
Japan - 17.6% | |||
BayCurrent Consulting, Inc. | 102,859 | 2,190 | |
Capcom Co. Ltd. | 141,350 | 2,327 | |
Fast Retailing Co. Ltd. | 29,216 | 7,639 | |
Fuji Electric Co. Ltd. | 117,050 | 7,281 | |
FUJIFILM Holdings Corp. | 463,314 | 9,856 | |
Fujitsu Ltd. | 311,953 | 4,819 | |
Hitachi Ltd. | 355,108 | 32,763 | |
Hoya Corp. | 152,185 | 17,644 | |
Itochu Corp. | 344,915 | 15,561 | |
Keyence Corp. | 29,857 | 13,130 | |
Komatsu Ltd. | 24,600 | 734 | |
Marui Group Co. Ltd. | 118,348 | 1,808 | |
Minebea Mitsumi, Inc. | 219,826 | 4,117 | |
Mitsubishi Electric Corp. | 427,152 | 7,445 | |
Mitsubishi Heavy Industries Ltd. | 1,173,518 | 10,493 | |
ORIX Corp. | 466,371 | 9,544 | |
Persol Holdings Co. Ltd. | 1,185,060 | 1,639 | |
Renesas Electronics Corp. | 540,544 | 8,776 | |
Shin-Etsu Chemical Co. Ltd. | 566,354 | 21,923 | |
SMC Corp. | 12,684 | 6,664 | |
Sony Group Corp. | 133,655 | 11,047 | |
Sumitomo Mitsui Financial Group, Inc. | 129,810 | 7,374 | |
Suzuki Motor Corp. | 537,950 | 6,265 | |
Tokio Marine Holdings, Inc. | 510,771 | 16,144 | |
Tokyo Electron Ltd. | 68,930 | 15,120 | |
TOTAL JAPAN | 242,303 | ||
Korea (South) - 0.7% | |||
Samsung Electronics Co. Ltd. | 164,810 | 9,136 | |
Luxembourg - 0.1% | |||
CVC Capital Partners PLC | 44,400 | 806 | |
Netherlands - 6.2% | |||
ASML Holding NV (depository receipt) | 58,250 | 50,821 | |
BE Semiconductor Industries NV | 46,045 | 6,167 | |
IMCD NV | 54,475 | 8,270 | |
Wolters Kluwer NV | 136,439 | 20,494 | |
TOTAL NETHERLANDS | 85,752 | ||
Portugal - 0.3% | |||
Galp Energia SGPS SA Class B | 162,529 | 3,504 | |
Spain - 2.3% | |||
Banco Santander SA (Spain) (d) | 2,676,796 | 13,064 | |
CaixaBank SA | 1,891,722 | 9,976 | |
Industria de Diseno Textil SA (d) | 175,270 | 8,015 | |
Puig Group SL Class B | 51,900 | 1,357 | |
TOTAL SPAIN | 32,412 | ||
Sweden - 3.0% | |||
Atlas Copco AB (A Shares) | 505,948 | 8,862 | |
Autoliv, Inc. | 32,648 | 3,911 | |
Indutrade AB | 562,271 | 13,174 | |
Investor AB (B Shares) | 624,891 | 15,443 | |
Kry International AB (a)(b)(e) | 332 | 10 | |
TOTAL SWEDEN | 41,400 | ||
Switzerland - 3.0% | |||
Alcon, Inc. (Switzerland) | 61,004 | 4,718 | |
Compagnie Financiere Richemont SA Series A | 71,404 | 9,870 | |
Galderma Group AG | 41,737 | 3,110 | |
Partners Group Holding AG | 3,719 | 4,812 | |
Sika AG | 36,713 | 10,516 | |
UBS Group AG | 296,103 | 7,818 | |
TOTAL SWITZERLAND | 40,844 | ||
Taiwan - 2.0% | |||
ECLAT Textile Co. Ltd. | 94,000 | 1,476 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 187,367 | 25,733 | |
TOTAL TAIWAN | 27,209 | ||
United Kingdom - 12.8% | |||
3i Group PLC | 262,481 | 9,378 | |
Ashtead Group PLC | 45,169 | 3,297 | |
AstraZeneca PLC (United Kingdom) | 197,489 | 29,870 | |
B&M European Value Retail SA | 1,051,780 | 6,821 | |
BAE Systems PLC | 1,181,393 | 19,649 | |
Big Yellow Group PLC | 162,618 | 2,195 | |
Compass Group PLC | 393,158 | 10,935 | |
Diageo PLC | 373,819 | 12,919 | |
Flutter Entertainment PLC (a) | 28,485 | 5,312 | |
Games Workshop Group PLC | 22,628 | 2,802 | |
InterContinental Hotel Group PLC | 43,778 | 4,270 | |
London Stock Exchange Group PLC | 161,755 | 17,832 | |
RELX PLC (Euronext N.V.) | 543,472 | 22,446 | |
Rolls-Royce Holdings PLC (a) | 1,133,038 | 5,810 | |
RS GROUP PLC | 584,692 | 5,385 | |
Sage Group PLC | 609,271 | 8,877 | |
Starling Bank Ltd. Series D (a)(b)(e) | 1,191,700 | 4,482 | |
WPP PLC | 343,695 | 3,445 | |
TOTAL UNITED KINGDOM | 175,725 | ||
United States of America - 11.7% | |||
CRH PLC | 168,547 | 13,134 | |
Experian PLC | 156,890 | 6,328 | |
Ferguson PLC | 83,897 | 17,780 | |
GSK PLC | 196,072 | 4,068 | |
Holcim AG | 64,349 | 5,387 | |
ICON PLC (a) | 5,106 | 1,521 | |
Linde PLC | 43,042 | 18,980 | |
Marsh & McLennan Companies, Inc. | 67,377 | 13,437 | |
Marvell Technology, Inc. | 157,654 | 10,391 | |
MasterCard, Inc. Class A | 23,644 | 10,668 | |
Nestle SA (Reg. S) | 111,246 | 11,169 | |
S&P Global, Inc. | 20,255 | 8,423 | |
Schlumberger Ltd. | 196,130 | 9,312 | |
Schneider Electric SA | 63,719 | 14,529 | |
Shell PLC (London) | 470,101 | 16,711 | |
TOTAL UNITED STATES OF AMERICA | 161,838 | ||
TOTAL COMMON STOCKS (Cost $865,756) | 1,347,357 | ||
Preferred Stocks - 0.5% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 0.5% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(b)(e) | 10,541 | 1,294 | |
United States of America - 0.4% | |||
Wasabi Holdings, Inc.: | |||
Series C (a)(b)(e) | 372,910 | 4,907 | |
Series D (a)(b)(e) | 39,419 | 633 | |
5,540 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 6,834 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(e) | 1,920 | 80 | |
TOTAL PREFERRED STOCKS (Cost $8,229) | 6,914 | ||
Money Market Funds - 2.8% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.39% (f) | 20,889,257 | 20,893 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 18,374,401 | 18,376 | |
TOTAL MONEY MARKET FUNDS (Cost $39,269) | 39,269 | ||
TOTAL INVESTMENT IN SECURITIES - 101.1% (Cost $913,254) | 1,393,540 |
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (15,820) |
NET ASSETS - 100.0% | 1,377,720 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $6,622,000 or 0.5% of net assets. |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $11,406,000 or 0.8% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Bolt Technology OU Series E | 1/03/22 | 2,739 |
Kry International AB | 5/14/21 | 144 |
Kry International AB Series E | 5/14/21 | 878 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 2,274 |
Wasabi Holdings, Inc. Series C | 3/31/21 | 4,052 |
Wasabi Holdings, Inc. Series D | 9/09/22 | 560 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 62,960 | 95,553 | 137,620 | 1,246 | - | - | 20,893 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 6,177 | 91,238 | 79,039 | 26 | - | - | 18,376 | 0.1% |
Total | 69,137 | 186,791 | 216,659 | 1,272 | - | - | 39,269 | |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 7,443 | - | 7,443 | - |
Consumer Discretionary | 119,609 | 30,551 | 89,058 | - |
Consumer Staples | 53,734 | 22,125 | 31,609 | - |
Energy | 76,369 | 49,387 | 26,982 | - |
Financials | 295,211 | 116,065 | 174,664 | 4,482 |
Health Care | 144,902 | 43,671 | 101,231 | - |
Industrials | 308,280 | 124,297 | 183,983 | - |
Information Technology | 243,302 | 130,178 | 106,200 | 6,924 |
Materials | 103,226 | 62,542 | 40,684 | - |
Real Estate | 2,195 | 2,195 | - | - |
Money Market Funds | 39,269 | 39,269 | - | - |
Total Investments in Securities: | 1,393,540 | 620,280 | 761,854 | 11,406 |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | April 30, 2024 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $16,895) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $873,985) | $ | 1,354,271 | ||
Fidelity Central Funds (cost $39,269) | 39,269 | |||
Total Investment in Securities (cost $913,254) | $ | 1,393,540 | ||
Foreign currency held at value (cost $385) | 385 | |||
Receivable for investments sold | 798 | |||
Receivable for fund shares sold | 499 | |||
Dividends receivable | 4,163 | |||
Reclaims receivable | 4,458 | |||
Distributions receivable from Fidelity Central Funds | 127 | |||
Prepaid expenses | 1 | |||
Other receivables | 43 | |||
Total assets | 1,404,014 | |||
Liabilities | ||||
Payable for investments purchased | $ | 4,767 | ||
Payable for fund shares redeemed | 914 | |||
Accrued management fee | 973 | |||
Distribution and service plan fees payable | 173 | |||
Other payables and accrued expenses | 1,091 | |||
Collateral on securities loaned | 18,376 | |||
Total liabilities | 26,294 | |||
Net Assets | $ | 1,377,720 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 832,676 | ||
Total accumulated earnings (loss) | 545,044 | |||
Net Assets | $ | 1,377,720 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($476,060 ÷ 18,495 shares)(a) | $ | 25.74 | ||
Maximum offering price per share (100/94.25 of $25.74) | $ | 27.31 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($132,501 ÷ 5,213 shares)(a) | $ | 25.42 | ||
Maximum offering price per share (100/96.50 of $25.42) | $ | 26.34 | ||
Class C : | ||||
Net Asset Value and offering price per share ($17,928 ÷ 740 shares)(a) | $ | 24.21 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($499,042 ÷ 18,955 shares) | $ | 26.33 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($252,189 ÷ 9,600 shares) | $ | 26.27 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Amounts in thousands | Six months ended April 30, 2024 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 14,665 | ||
Income from Fidelity Central Funds (including $26 from security lending) | 1,272 | |||
Income before foreign taxes withheld | $ | 15,937 | ||
Less foreign taxes withheld | (1,410) | |||
Total income | 14,527 | |||
Expenses | ||||
Management fee | $ | 5,105 | ||
Transfer agent fees | 771 | |||
Distribution and service plan fees | 1,018 | |||
Accounting fees | 206 | |||
Custodian fees and expenses | 60 | |||
Independent trustees' fees and expenses | 4 | |||
Registration fees | 64 | |||
Audit | 59 | |||
Legal | 2 | |||
Miscellaneous | 2 | |||
Total expenses before reductions | 7,291 | |||
Expense reductions | (65) | |||
Total expenses after reductions | 7,226 | |||
Net Investment income (loss) | 7,301 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $504) | 21,091 | |||
Redemptions in-kind | 48,796 | |||
Foreign currency transactions | (48) | |||
Total net realized gain (loss) | 69,839 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $278) | 164,298 | |||
Assets and liabilities in foreign currencies | (56) | |||
Total change in net unrealized appreciation (depreciation) | 164,242 | |||
Net gain (loss) | 234,081 | |||
Net increase (decrease) in net assets resulting from operations | $ | 241,382 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 7,301 | $ | 15,905 |
Net realized gain (loss) | 69,839 | 56,469 | ||
Change in net unrealized appreciation (depreciation) | 164,242 | 82,113 | ||
Net increase (decrease) in net assets resulting from operations | 241,382 | 154,487 | ||
Distributions to shareholders | (58,942) | (28,131) | ||
Share transactions - net increase (decrease) | (114,193) | (103,254) | ||
Total increase (decrease) in net assets | 68,247 | 23,102 | ||
Net Assets | ||||
Beginning of period | 1,309,473 | 1,286,371 | ||
End of period | $ | 1,377,720 | $ | 1,309,473 |
Fidelity Advisor® Diversified International Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.68 | $ | 20.71 | $ | 32.52 | $ | 25.10 | $ | 23.28 | $ | 21.08 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .23 | .16 | .09 | .04 | .21 | ||||||
Net realized and unrealized gain (loss) | 3.96 | 2.16 | (8.81) | 7.33 | 2.11 | 2.90 | ||||||
Total from investment operations | 4.07 | 2.39 | (8.65) | 7.42 | 2.15 | 3.11 | ||||||
Distributions from net investment income | (.31) | (.02) | (.31) | - | (.26) | (.17) | ||||||
Distributions from net realized gain | (.71) | (.40) | (2.85) | - | (.07) | (.74) | ||||||
Total distributions | (1.01) C | (.42) | (3.16) | - | (.33) | (.91) | ||||||
Net asset value, end of period | $ | 25.74 | $ | 22.68 | $ | 20.71 | $ | 32.52 | $ | 25.10 | $ | 23.28 |
Total Return D,E,F | 18.32 % | 11.55% | (29.28)% | 29.56% | 9.32% | 15.57% | ||||||
Ratios to Average Net Assets A,G,H | ||||||||||||
Expenses before reductions | 1.15% I | 1.18% | 1.16% | 1.16% | 1.18% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.14 % I | 1.17% | 1.16% | 1.15% | 1.18% | 1.19% | ||||||
Expenses net of all reductions | 1.14% I | 1.17% | 1.16% | 1.15% | 1.17% | 1.19% | ||||||
Net investment income (loss) | .86% I | .98% | .65% | .30% | .16% | .97% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 476 | $ | 421 | $ | 400 | $ | 621 | $ | 514 | $ | 530 |
Portfolio turnover rate J | 40 % I,K | 23% K | 20% | 30% | 30% | 37% K |
Fidelity Advisor® Diversified International Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.37 | $ | 20.47 | $ | 32.17 | $ | 24.90 | $ | 23.10 | $ | 20.91 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .17 | .10 | .01 | (.03) | .15 | ||||||
Net realized and unrealized gain (loss) | 3.92 | 2.13 | (8.72) | 7.26 | 2.10 | 2.88 | ||||||
Total from investment operations | 4.00 | 2.30 | (8.62) | 7.27 | 2.07 | 3.03 | ||||||
Distributions from net investment income | (.24) | - | (.23) | - | (.20) | (.11) | ||||||
Distributions from net realized gain | (.71) | (.40) | (2.85) | - | (.07) | (.74) | ||||||
Total distributions | (.95) | (.40) | (3.08) | - | (.27) | (.84) C | ||||||
Net asset value, end of period | $ | 25.42 | $ | 22.37 | $ | 20.47 | $ | 32.17 | $ | 24.90 | $ | 23.10 |
Total Return D,E,F | 18.22 % | 11.24% | (29.46)% | 29.20% | 9.04% | 15.27% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.40% I | 1.44% | 1.42% | 1.41% | 1.45% | 1.46% | ||||||
Expenses net of fee waivers, if any | 1.39 % I | 1.43% | 1.41% | 1.41% | 1.45% | 1.46% | ||||||
Expenses net of all reductions | 1.39% I | 1.43% | 1.41% | 1.41% | 1.44% | 1.46% | ||||||
Net investment income (loss) | .61% I | .73% | .39% | .04% | (.11)% | .70% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 133 | $ | 120 | $ | 118 | $ | 183 | $ | 159 | $ | 173 |
Portfolio turnover rate J | 40 % I,K | 23% K | 20% | 30% | 30% | 37% K |
Fidelity Advisor® Diversified International Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.27 | $ | 19.58 | $ | 30.84 | $ | 23.99 | $ | 22.20 | $ | 20.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | .04 | (.04) | (.14) | (.14) | .04 | ||||||
Net realized and unrealized gain (loss) | 3.73 | 2.05 | (8.37) | 6.99 | 2.01 | 2.79 | ||||||
Total from investment operations | 3.74 | 2.09 | (8.41) | 6.85 | 1.87 | 2.83 | ||||||
Distributions from net investment income | (.09) | - | - | - | (.01) | - | ||||||
Distributions from net realized gain | (.71) | (.40) | (2.85) | - | (.07) | (.74) | ||||||
Total distributions | (.80) | (.40) | (2.85) | - | (.08) | (.74) | ||||||
Net asset value, end of period | $ | 24.21 | $ | 21.27 | $ | 19.58 | $ | 30.84 | $ | 23.99 | $ | 22.20 |
Total Return C,D,E | 17.88 % | 10.67% | (29.88)% | 28.55% | 8.44% | 14.72% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.90% H | 1.99% | 1.96% | 1.95% | 1.98% | 1.98% | ||||||
Expenses net of fee waivers, if any | 1.89 % H | 1.98% | 1.96% | 1.95% | 1.98% | 1.98% | ||||||
Expenses net of all reductions | 1.89% H | 1.98% | 1.96% | 1.95% | 1.96% | 1.97% | ||||||
Net investment income (loss) | .11% H | .18% | (.16)% | (.50)% | (.64)% | .18% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 18 | $ | 18 | $ | 21 | $ | 39 | $ | 48 | $ | 59 |
Portfolio turnover rate I | 40 % H,J | 23% J | 20% | 30% | 30% | 37% J |
Fidelity Advisor® Diversified International Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.20 | $ | 21.19 | $ | 33.20 | $ | 25.57 | $ | 23.68 | $ | 21.44 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .30 | .23 | .17 | .10 | .27 | ||||||
Net realized and unrealized gain (loss) | 4.06 | 2.20 | (9.00) | 7.47 | 2.16 | 2.95 | ||||||
Total from investment operations | 4.20 | 2.50 | (8.77) | 7.64 | 2.26 | 3.22 | ||||||
Distributions from net investment income | (.36) | (.09) | (.39) | (.01) | (.30) | (.24) | ||||||
Distributions from net realized gain | (.71) | (.40) | (2.85) | - | (.07) | (.74) | ||||||
Total distributions | (1.07) | (.49) | (3.24) | (.01) | (.37) | (.98) | ||||||
Net asset value, end of period | $ | 26.33 | $ | 23.20 | $ | 21.19 | $ | 33.20 | $ | 25.57 | $ | 23.68 |
Total Return C,D | 18.49 % | 11.80% | (29.09)% | 29.87% | 9.63% | 15.89% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .90% G | .94% | .91% | .90% | .92% | .92% | ||||||
Expenses net of fee waivers, if any | .89 % G | .93% | .91% | .90% | .92% | .92% | ||||||
Expenses net of all reductions | .89% G | .93% | .91% | .90% | .91% | .91% | ||||||
Net investment income (loss) | 1.11% G | 1.23% | .90% | .55% | .42% | 1.24% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 499 | $ | 457 | $ | 457 | $ | 725 | $ | 595 | $ | 583 |
Portfolio turnover rate H | 40 % G,I | 23% I | 20% | 30% | 30% | 37% I |
Fidelity Advisor® Diversified International Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.17 | $ | 21.18 | $ | 33.19 | $ | 25.55 | $ | 23.67 | $ | 21.44 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .34 | .26 | .22 | .14 | .30 | ||||||
Net realized and unrealized gain (loss) | 4.05 | 2.19 | (8.98) | 7.46 | 2.15 | 2.94 | ||||||
Total from investment operations | 4.21 | 2.53 | (8.72) | 7.68 | 2.29 | 3.24 | ||||||
Distributions from net investment income | (.41) | (.14) | (.44) | (.04) | (.34) | (.28) | ||||||
Distributions from net realized gain | (.71) | (.40) | (2.85) | - | (.07) | (.74) | ||||||
Total distributions | (1.11) C | (.54) | (3.29) | (.04) | (.41) | (1.01) C | ||||||
Net asset value, end of period | $ | 26.27 | $ | 23.17 | $ | 21.18 | $ | 33.19 | $ | 25.55 | $ | 23.67 |
Total Return D,E | 18.59 % | 11.96% | (28.99)% | 30.10% | 9.78% | 16.04% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .74% H | .77% | .76% | .76% | .77% | .77% | ||||||
Expenses net of fee waivers, if any | .73 % H | .77% | .75% | .76% | .77% | .77% | ||||||
Expenses net of all reductions | .73% H | .77% | .75% | .76% | .76% | .77% | ||||||
Net investment income (loss) | 1.27% H | 1.39% | 1.05% | .70% | .57% | 1.39% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 252 | $ | 294 | $ | 290 | $ | 393 | $ | 289 | $ | 274 |
Portfolio turnover rate I | 40 % H,J | 23% J | 20% | 30% | 30% | 37% J |
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% |
Gross unrealized appreciation | $497,734 |
Gross unrealized depreciation | (22,815) |
Net unrealized appreciation (depreciation) | $474,919 |
Tax cost | $918,621 |
Purchases ($) | Sales ($) | |
Fidelity Advisor Diversified International Fund | 279,775 | 294,867 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Advisor Diversified International Fund | 3,978 | 48,796 | 107,774 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Advisor Diversified International Fund | 1,648 | 15,675 | 39,881 |
Maximum Management Fee Rate % | |
Class A | .85 |
Class M | .86 |
Class C | .86 |
Class I | .86 |
Class Z | .70 |
Total Management Fee Rate % | |
Class A | .85 |
Class M | .85 |
Class C | .85 |
Class I | .85 |
Class Z | .70 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 589 | 8 |
Class M | .25% | .25% | 333 | 3 |
Class C | .75% | .25% | 96 | 8 |
1,018 | 19 |
Retained by FDC ($) | |
Class A | 12 |
Class M | 2 |
Class CA | 1 |
15 |
% of Class-Level Average Net Assets | |
Class A | .1933 |
Class M | .2000 |
Class C | .2000 |
Class I | .2000 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 297 | .19 |
Class M | 87 | .20 |
Class C | 13 | .21 |
Class I | 328 | .20 |
Class Z | 46 | .04 |
771 |
% of Average Net Assets | |
Fidelity Advisor Diversified International Fund | .0429 |
% of Average Net Assets | |
Fidelity Advisor Diversified International Fund | .04 |
Amount | |
Fidelity Advisor Diversified International Fund | -A |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Advisor Diversified International Fund | 2,783 | 10,684 | (543) |
Amount ($) | |
Fidelity Advisor Diversified International Fund | 1 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Advisor Diversified International Fund | 3 | - | - |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Diversified International Fund | ||
Distributions to shareholders | ||
Class A | $18,579 | $8,055 |
Class M | 5,022 | 2,274 |
Class C | 662 | 428 |
Class I | 20,547 | 9,902 |
Class Z | 14,132 | 7,472 |
Total | $58,942 | $28,131 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Advisor Diversified International Fund | ||||
Class A | ||||
Shares sold | 437 | 1,201 | $10,940 | $28,447 |
Reinvestment of distributions | 731 | 336 | 17,371 | 7,596 |
Shares redeemed | (1,229) | (2,309) | (30,908) | (54,664) |
Net increase (decrease) | (61) | (772) | $(2,597) | $(18,621) |
Class M | ||||
Shares sold | 92 | 266 | $2,320 | $6,211 |
Reinvestment of distributions | 210 | 100 | 4,923 | 2,237 |
Shares redeemed | (455) | (743) | (11,339) | (17,392) |
Net increase (decrease) | (153) | (377) | $(4,096) | $(8,944) |
Class C | ||||
Shares sold | 30 | 105 | $701 | $2,330 |
Reinvestment of distributions | 28 | 19 | 636 | 416 |
Shares redeemed | (172) | (361) | (4,072) | (8,084) |
Net increase (decrease) | (114) | (237) | $(2,735) | $(5,338) |
Class I | ||||
Shares sold | 1,307 | 3,192 | $33,712 | $77,403 |
Reinvestment of distributions | 693 | 346 | 16,819 | 7,975 |
Shares redeemed | (2,737) | (5,428) | (69,945) | (130,786) |
Net increase (decrease) | (737) | (1,890) | $(19,414) | $(45,408) |
Class Z | ||||
Shares sold | 1,247 | 2,604 | $31,999 | $62,842 |
Reinvestment of distributions | 550 | 307 | 13,319 | 7,055 |
Shares redeemed | (4,864) | (3,933) | (130,669) | (94,840) |
Net increase (decrease) | (3,067) | (1,022) | $(85,351) | $(24,943) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity Advisor® Diversified International Fund | ||||||||||
Class A | 1.14% | |||||||||
Actual | $ 1,000 | $ 1,183.20 | $ 6.19 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.19 | $ 5.72 | |||||||
Class M | 1.39% | |||||||||
Actual | $ 1,000 | $ 1,182.20 | $ 7.54 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.95 | $ 6.97 | |||||||
Class C | 1.89% | |||||||||
Actual | $ 1,000 | $ 1,178.80 | $ 10.24 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.47 | $ 9.47 | |||||||
Class I | .89% | |||||||||
Actual | $ 1,000 | $ 1,184.90 | $ 4.83 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.44 | $ 4.47 | |||||||
Class Z | .73% | |||||||||
Actual | $ 1,000 | $ 1,185.90 | $ 3.97 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.23 | $ 3.67 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Advisor Series VIII’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Advisor Series VIII’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable
assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Advisor Series VIII
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | June 21, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | June 21, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | June 21, 2024 |