Quarterly Holdings Report
for
Fidelity Advisor® Diversified International Fund
July 31, 2021
ADIF-QTLY-0921
1.804845.117
Schedule of Investments July 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 95.5% | | | |
| | Shares | Value (000s) |
Australia - 0.6% | | | |
Aristocrat Leisure Ltd. | | 316,243 | $9,664 |
Lynas Rare Earths Ltd. (a) | | 445,320 | 2,399 |
|
TOTAL AUSTRALIA | | | 12,063 |
|
Austria - 0.1% | | | |
Erste Group Bank AG | | 67,100 | 2,604 |
Bailiwick of Jersey - 1.8% | | | |
Experian PLC | | 242,500 | 10,676 |
Ferguson PLC | | 115,646 | 16,219 |
WPP PLC | | 612,800 | 7,925 |
|
TOTAL BAILIWICK OF JERSEY | | | 34,820 |
|
Belgium - 1.5% | | | |
KBC Groep NV | | 242,180 | 19,507 |
UCB SA | | 83,700 | 9,055 |
|
TOTAL BELGIUM | | | 28,562 |
|
Bermuda - 1.1% | | | |
Hiscox Ltd. (a) | | 466,066 | 5,678 |
IHS Markit Ltd. | | 125,288 | 14,639 |
|
TOTAL BERMUDA | | | 20,317 |
|
Brazil - 0.0% | | | |
Natura & Co. Holding SA (a) | | 83,000 | 857 |
Canada - 2.1% | | | |
Canadian Natural Resources Ltd. | | 216,900 | 7,158 |
Constellation Software, Inc. | | 7,500 | 12,014 |
Fairfax India Holdings Corp. (a)(b) | | 230,200 | 3,039 |
First Quantum Minerals Ltd. | | 149,200 | 3,195 |
Franco-Nevada Corp. | | 58,100 | 9,293 |
Thomson Reuters Corp. | | 48,400 | 5,129 |
|
TOTAL CANADA | | | 39,828 |
|
Cayman Islands - 2.4% | | | |
Alibaba Group Holding Ltd. sponsored ADR (a) | | 46,700 | 9,115 |
Anta Sports Products Ltd. | | 491,000 | 10,697 |
Li Ning Co. Ltd. | | 991,000 | 10,444 |
Medlive Technology Co. Ltd. | | 138,500 | 492 |
Sea Ltd. ADR (a) | | 8,600 | 2,375 |
Tencent Holdings Ltd. | | 147,100 | 8,871 |
Zai Lab Ltd. ADR (a) | | 27,054 | 3,912 |
|
TOTAL CAYMAN ISLANDS | | | 45,906 |
|
China - 0.7% | | | |
Kweichow Moutai Co. Ltd. (A Shares) | | 40,376 | 10,492 |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | | 48,000 | 2,900 |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | | 213,100 | 890 |
|
TOTAL CHINA | | | 14,282 |
|
Curacao - 0.2% | | | |
Schlumberger Ltd. | | 138,800 | 4,002 |
Denmark - 1.9% | | | |
DSV Panalpina A/S | | 104,800 | 25,536 |
GN Store Nord A/S | | 55,800 | 4,890 |
ORSTED A/S (b) | | 12,796 | 1,901 |
Vestas Wind Systems A/S | | 140,500 | 5,180 |
|
TOTAL DENMARK | | | 37,507 |
|
Finland - 0.2% | | | |
Neste Oyj | | 49,300 | 3,031 |
France - 10.7% | | | |
Amundi SA (b) | | 81,658 | 7,546 |
BNP Paribas SA | | 337,600 | 20,587 |
Capgemini SA | | 92,600 | 20,020 |
Dassault Systemes SA | | 161,000 | 8,885 |
Edenred SA | | 84,000 | 4,881 |
Hermes International SCA | | 1,700 | 2,599 |
Legrand SA | | 109,400 | 12,329 |
LVMH Moet Hennessy Louis Vuitton SE | | 52,543 | 42,069 |
Pernod Ricard SA | | 89,300 | 19,714 |
Sanofi SA | | 211,155 | 21,764 |
Sartorius Stedim Biotech | | 13,029 | 7,439 |
Societe Generale Series A | | 250,900 | 7,348 |
SR Teleperformance SA | | 43,600 | 18,392 |
Worldline SA (a)(b) | | 144,800 | 13,554 |
|
TOTAL FRANCE | | | 207,127 |
|
Germany - 7.4% | | | |
adidas AG | | 53,509 | 19,430 |
Allianz SE | | 89,400 | 22,271 |
Auto1 Group SE (b) | | 66,200 | 3,240 |
Brenntag AG | | 55,487 | 5,542 |
Deutsche Post AG | | 354,526 | 24,027 |
Hannover Reuck SE | | 53,600 | 9,022 |
Linde PLC | | 70,738 | 21,662 |
Merck KGaA | | 50,300 | 10,302 |
SAP SE | | 44,873 | 6,440 |
Siemens Healthineers AG (b) | | 176,400 | 11,651 |
SUSE SA (a) | | 71,500 | 2,281 |
Symrise AG | | 46,700 | 6,886 |
|
TOTAL GERMANY | | | 142,754 |
|
Greece - 0.1% | | | |
Piraeus Financial Holdings SA (a) | | 711,900 | 1,225 |
Hong Kong - 2.4% | | | |
AIA Group Ltd. | | 2,901,800 | 34,722 |
Hong Kong Exchanges and Clearing Ltd. | | 30,089 | 1,920 |
Techtronic Industries Co. Ltd. | | 536,500 | 9,589 |
|
TOTAL HONG KONG | | | 46,231 |
|
India - 3.6% | | | |
Axis Bank Ltd. (a) | | 370,400 | 3,532 |
HDFC Bank Ltd. | | 874,142 | 16,838 |
Housing Development Finance Corp. Ltd. | | 405,587 | 13,318 |
Kotak Mahindra Bank Ltd. (a) | | 479,840 | 10,681 |
Reliance Industries Ltd. | | 63,367 | 1,202 |
Reliance Industries Ltd. | | 874,808 | 23,950 |
|
TOTAL INDIA | | | 69,521 |
|
Indonesia - 0.5% | | | |
PT Bank Central Asia Tbk | | 2,304,500 | 4,756 |
PT Bank Rakyat Indonesia Tbk | | 18,304,700 | 4,696 |
|
TOTAL INDONESIA | | | 9,452 |
|
Ireland - 2.0% | | | |
Aon PLC | | 39,800 | 10,349 |
Flutter Entertainment PLC (a) | | 44,700 | 7,642 |
Kingspan Group PLC (Ireland) | | 103,981 | 11,311 |
Ryanair Holdings PLC sponsored ADR (a) | | 85,836 | 9,360 |
|
TOTAL IRELAND | | | 38,662 |
|
Isle of Man - 0.1% | | | |
Entain PLC (a) | | 114,400 | 2,889 |
Italy - 1.5% | | | |
Enel SpA | | 1,129,400 | 10,408 |
FinecoBank SpA (a) | | 388,200 | 6,960 |
GVS SpA (b) | | 120,100 | 1,838 |
Recordati SpA | | 95,700 | 5,924 |
Reply SpA | | 20,400 | 3,647 |
|
TOTAL ITALY | | | 28,777 |
|
Japan - 17.2% | | | |
Daikin Industries Ltd. | | 50,000 | 10,442 |
FUJIFILM Holdings Corp. | | 156,475 | 11,229 |
Fujitsu Ltd. | | 31,800 | 5,410 |
Hitachi Ltd. | | 336,800 | 19,372 |
Hoya Corp. | | 278,200 | 39,065 |
Itochu Corp. | | 545,000 | 16,132 |
Keyence Corp. | | 53,100 | 29,400 |
KH Neochem Co. Ltd. | | 11,900 | 280 |
Minebea Mitsumi, Inc. | | 813,400 | 21,963 |
Misumi Group, Inc. | | 178,800 | 6,193 |
Murata Manufacturing Co. Ltd. | | 107,800 | 8,946 |
Nitori Holdings Co. Ltd. | | 28,103 | 5,342 |
NOF Corp. | | 44,900 | 2,272 |
ORIX Corp. | | 524,900 | 9,148 |
Park24 Co. Ltd. (a) | | 65,400 | 1,225 |
Persol Holdings Co. Ltd. | | 362,100 | 7,245 |
Recruit Holdings Co. Ltd. | | 306,100 | 15,865 |
Relo Group, Inc. | | 87,200 | 1,913 |
Seven & i Holdings Co. Ltd. | | 101,200 | 4,516 |
Shin-Etsu Chemical Co. Ltd. | | 136,900 | 22,332 |
Shiseido Co. Ltd. | | 122,892 | 8,214 |
SMC Corp. | | 25,900 | 15,298 |
Sony Group Corp. | | 174,100 | 18,188 |
Sugi Holdings Co. Ltd. | | 36,600 | 2,692 |
TIS, Inc. | | 172,000 | 4,445 |
Tokyo Electron Ltd. | | 41,500 | 17,116 |
Tsuruha Holdings, Inc. | | 85,100 | 10,015 |
Welcia Holdings Co. Ltd. | | 203,312 | 6,903 |
Z Holdings Corp. | | 1,542,700 | 7,721 |
ZOZO, Inc. | | 126,300 | 4,288 |
|
TOTAL JAPAN | | | 333,170 |
|
Korea (South) - 1.4% | | | |
NAVER Corp. | | 16,340 | 6,145 |
Samsung Electronics Co. Ltd. | | 319,970 | 21,789 |
|
TOTAL KOREA (SOUTH) | | | 27,934 |
|
Luxembourg - 0.9% | | | |
B&M European Value Retail SA | | 1,438,295 | 11,056 |
Eurofins Scientific SA | | 60,530 | 7,241 |
|
TOTAL LUXEMBOURG | | | 18,297 |
|
Netherlands - 6.8% | | | |
Adyen BV (a)(b) | | 4,073 | 11,038 |
Airbus Group NV (a) | | 105,700 | 14,499 |
Argenx SE (a) | | 9,300 | 2,840 |
ASML Holding NV | | 71,100 | 54,514 |
Corbion NV | | 18,300 | 1,002 |
IMCD NV | | 61,050 | 10,573 |
Koninklijke Philips Electronics NV | | 41,862 | 1,930 |
NXP Semiconductors NV | | 70,200 | 14,489 |
Wolters Kluwer NV | | 178,600 | 20,356 |
|
TOTAL NETHERLANDS | | | 131,241 |
|
New Zealand - 0.1% | | | |
Ryman Healthcare Group Ltd. | | 311,645 | 2,862 |
Norway - 0.9% | | | |
Schibsted ASA (A Shares) | | 322,700 | 17,109 |
Spain - 2.5% | | | |
Cellnex Telecom SA (b) | | 283,744 | 18,492 |
Iberdrola SA | | 1,419,771 | 17,087 |
Industria de Diseno Textil SA | | 352,400 | 11,952 |
|
TOTAL SPAIN | | | 47,531 |
|
Sweden - 1.9% | | | |
Hexagon AB (B Shares) | | 789,300 | 13,066 |
Indutrade AB | | 505,500 | 16,489 |
Investor AB (B Shares) | | 230,900 | 5,721 |
Kry International AB (c) | | 332 | 141 |
Nordnet AB | | 111,300 | 1,796 |
|
TOTAL SWEDEN | | | 37,213 |
|
Switzerland - 8.8% | | | |
Dufry AG (a) | | 117,774 | 6,231 |
Idorsia Ltd. (a) | | 30,216 | 747 |
Julius Baer Group Ltd. | | 73,680 | 4,863 |
Lonza Group AG | | 29,366 | 22,865 |
Nestle SA (Reg. S) | | 316,160 | 40,035 |
Roche Holding AG (participation certificate) | | 131,337 | 50,737 |
Sika AG | | 72,858 | 25,665 |
Sonova Holding AG Class B | | 25,003 | 9,823 |
Swiss Re Ltd. | | 67,660 | 6,126 |
Zur Rose Group AG (a) | | 6,797 | 2,529 |
|
TOTAL SWITZERLAND | | | 169,621 |
|
Taiwan - 1.2% | | | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | | 1,131,000 | 4,474 |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | | 162,700 | 18,977 |
|
TOTAL TAIWAN | | | 23,451 |
|
United Kingdom - 8.0% | | | |
AstraZeneca PLC (United Kingdom) | | 184,679 | 21,221 |
Big Yellow Group PLC | | 313,300 | 6,323 |
Bridgepoint Group Ltd. | | 289,700 | 1,953 |
Compass Group PLC (a) | | 422,992 | 8,943 |
Diageo PLC | | 331,800 | 16,453 |
Dr. Martens Ltd. (a) | | 186,600 | 1,123 |
JD Sports Fashion PLC | | 511,897 | 6,382 |
Jet2 PLC (a) | | 104,518 | 1,804 |
Lloyds Banking Group PLC | | 16,538,800 | 10,457 |
London Stock Exchange Group PLC | | 64,500 | 6,725 |
Ocado Group PLC (a) | | 199,700 | 5,149 |
Prudential PLC (a) | | 802,194 | 15,064 |
RELX PLC (Euronext N.V.) | | 744,547 | 22,107 |
Rentokil Initial PLC | | 1,511,800 | 11,911 |
S4 Capital PLC (a) | | 338,800 | 3,268 |
Smith & Nephew PLC | | 671,900 | 13,711 |
Starling Bank Ltd. Series D (a)(c) | | 1,081,500 | 1,946 |
WH Smith PLC (a) | | 36,500 | 824 |
|
TOTAL UNITED KINGDOM | | | 155,364 |
|
United States of America - 4.9% | | | |
Alphabet, Inc. Class C (a) | | 4,349 | 11,762 |
Booking Holdings, Inc. (a) | | 2,300 | 5,010 |
Boston Scientific Corp. (a) | | 88,600 | 4,040 |
Dlocal Ltd. | | 44,700 | 2,018 |
IQVIA Holdings, Inc. (a) | | 57,700 | 14,292 |
Marsh & McLennan Companies, Inc. | | 76,800 | 11,306 |
Marvell Technology, Inc. | | 183,800 | 11,122 |
MasterCard, Inc. Class A | | 31,700 | 12,234 |
NICE Systems Ltd. sponsored ADR (a) | | 37,500 | 10,449 |
Visa, Inc. Class A | | 49,600 | 12,221 |
|
TOTAL UNITED STATES OF AMERICA | | | 94,454 |
|
TOTAL COMMON STOCKS | | | |
(Cost $1,076,419) | | | 1,848,664 |
|
Preferred Stocks - 0.7% | | | |
Convertible Preferred Stocks - 0.6% | | | |
United States of America - 0.6% | | | |
Rivian Automotive, Inc.: | | | |
Series E (c)(d) | | 152,975 | 5,637 |
Series F (c)(d) | | 36,409 | 1,342 |
Wasabi Holdings, Inc. Series C (c)(d) | | 372,910 | 4,052 |
| | | 11,031 |
Nonconvertible Preferred Stocks - 0.1% | | | |
Germany - 0.1% | | | |
Porsche Automobil Holding SE (Germany) | | 11,000 | 1,191 |
Sweden - 0.0% | | | |
Kry International AB Series E (c) | | 1,920 | 857 |
|
TOTAL NONCONVERTIBLE PREFERRED STOCKS | | | 2,048 |
|
TOTAL PREFERRED STOCKS | | | |
(Cost $9,734) | | | 13,079 |
|
Money Market Funds - 3.8% | | | |
Fidelity Cash Central Fund 0.06% (e) | | | |
(Cost $73,338) | | 73,323,695 | 73,338 |
TOTAL INVESTMENT IN SECURITIES - 100.0% | | | |
(Cost $1,159,491) | | | 1,935,081 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | | | 129 |
NET ASSETS - 100% | | | $1,935,210 |
Categorizations in the Schedule of Investments are based on country or territory of incorporation.
Legend
(a) Non-income producing
(b) Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $72,299,000 or 3.7% of net assets.
(c) Level 3 security
(d) Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $11,031,000 or 0.6% 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 (000s) |
Rivian Automotive, Inc. Series E | 7/10/20 | $2,370 |
Rivian Automotive, Inc. Series F | 1/19/21 | $1,342 |
Wasabi Holdings, Inc. Series C | 3/31/21 | $4,052 |
Affiliated Central Funds
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
| (Amounts in thousands) |
Fidelity Cash Central Fund | $23 |
Fidelity Securities Lending Cash Central Fund | 11 |
Total | $34 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds. Amount for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund (Amounts in thousands) | Value, beginning of period | Purchases | Sales Proceeds | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $55,799 | $218,590 | $201,051 | $-- | $-- | $73,338 | 0.1% |
Fidelity Securities Lending Cash Central Fund 0.06% | 3,813 | 76,359 | 80,172 | -- | -- | -- | 0.0% |
Total | $59,612 | $294,949 | $281,223 | $-- | $-- | $73,338 | |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - quoted prices in active markets for identical investments: Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds etc.): Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing vendor on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.