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 811-04008
Fidelity Investment Trust
(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, 2023 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 7.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.2 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.0 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.1 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.5 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 2.0 | |
HDFC Bank Ltd. (India, Banks) | 1.8 | |
LG Chemical Ltd. (Korea (South), Chemicals) | 1.8 | |
ICICI Bank Ltd. (India, Banks) | 1.7 | |
NetEase, Inc. ADR (China, Entertainment) | 1.5 | |
32.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.0 | |
Information Technology | 17.3 | |
Consumer Discretionary | 15.1 | |
Communication Services | 11.4 | |
Consumer Staples | 7.8 | |
Materials | 6.1 | |
Industrials | 5.4 | |
Energy | 4.8 | |
Health Care | 4.3 | |
Utilities | 1.8 | |
Asset Allocation (% of Fund's net assets) |
Futures - 1.5% |
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 - 92.5% | |||
Shares | Value ($) | ||
Australia - 0.1% | |||
AngloGold Ashanti Ltd. | 130,800 | 3,495,834 | |
Brazil - 4.3% | |||
Azul SA sponsored ADR (a)(b) | 1,505,000 | 9,797,550 | |
Hapvida Participacoes e Investimentos SA (a)(c) | 40,997,194 | 22,685,804 | |
Localiza Rent a Car SA | 1,468,133 | 17,074,942 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 1,939 | 6,671 | |
Lojas Renner SA | 4,890,905 | 15,532,286 | |
Natura & Co. Holding SA | 2,479,867 | 5,498,883 | |
Pet Center Comercio e Participacoes SA | 12,853,384 | 15,899,872 | |
Raia Drogasil SA | 4,947,987 | 26,070,231 | |
Vale SA | 1,044,152 | 15,156,302 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 7,190,674 | 17,616,993 | |
TOTAL BRAZIL | 145,339,534 | ||
China - 32.1% | |||
Airtac International Group | 1,002,993 | 36,377,677 | |
Alibaba Group Holding Ltd. (a) | 9,860,699 | 104,263,351 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 157,400 | 13,330,206 | |
Baidu, Inc. sponsored ADR (a) | 90,099 | 10,866,840 | |
BeiGene Ltd. ADR (a) | 34,866 | 8,889,435 | |
Bilibili, Inc. ADR (a)(b) | 573,610 | 11,678,700 | |
BYD Co. Ltd. (H Shares) | 631,237 | 19,143,052 | |
China Construction Bank Corp. (H Shares) | 69,357,686 | 46,367,445 | |
China Life Insurance Co. Ltd. (H Shares) | 16,890,492 | 32,449,262 | |
China Petroleum & Chemical Corp. (H Shares) | 33,945,833 | 22,248,631 | |
China Resources Beer Holdings Co. Ltd. | 941,787 | 7,275,100 | |
Contemporary Amperex Technology Co. Ltd. | 253,960 | 8,517,953 | |
ENN Energy Holdings Ltd. | 2,048,195 | 28,084,046 | |
Flat Glass Group Co. Ltd. | 76,000 | 213,659 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 32,741,340 | 20,434,430 | |
Haier Smart Home Co. Ltd. | 6,908,077 | 22,517,452 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 1,567,220 | 2,859,084 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 36,214,791 | 19,483,712 | |
JD.com, Inc. sponsored ADR | 454,455 | 16,233,133 | |
Kunlun Energy Co. Ltd. | 12,098,244 | 11,215,167 | |
Kweichow Moutai Co. Ltd. (A Shares) | 117,946 | 30,094,455 | |
Li Auto, Inc. ADR (a) | 609,404 | 14,320,994 | |
Li Ning Co. Ltd. | 3,083,438 | 22,051,571 | |
Meituan Class B (a)(c) | 3,925,440 | 67,087,564 | |
NetEase, Inc. ADR | 586,292 | 52,256,206 | |
New Horizon Health Ltd. (a)(c) | 3,283,953 | 11,784,599 | |
PDD Holdings, Inc. ADR (a) | 384,452 | 26,200,404 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 6,483,292 | 47,298,991 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 723,861 | 32,725,553 | |
Shenzhou International Group Holdings Ltd. | 1,491,447 | 14,325,596 | |
Silergy Corp. | 655,085 | 10,332,851 | |
Sinopharm Group Co. Ltd. (H Shares) | 543,000 | 1,923,457 | |
Sinotruk Hong Kong Ltd. | 13,571,598 | 20,740,682 | |
Sunny Optical Technology Group Co. Ltd. | 835,139 | 8,825,172 | |
Tencent Holdings Ltd. | 3,856,973 | 171,311,760 | |
Trip.com Group Ltd. ADR (a) | 1,329,474 | 47,209,622 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 782,068 | 19,151,922 | |
Wuxi Biologics (Cayman), Inc. (a)(c) | 3,175,673 | 18,936,028 | |
Zai Lab Ltd. ADR (a) | 293,732 | 10,274,745 | |
Zijin Mining Group Co. Ltd. (H Shares) | 15,918,889 | 26,951,565 | |
TOTAL CHINA | 1,096,252,072 | ||
Hungary - 0.4% | |||
OTP Bank PLC | 178,830 | 5,440,674 | |
Richter Gedeon PLC | 364,506 | 8,796,336 | |
TOTAL HUNGARY | 14,237,010 | ||
India - 15.6% | |||
Axis Bank Ltd. | 1,305,668 | 13,797,056 | |
Bharti Airtel Ltd. | 3,085,187 | 30,233,830 | |
HDFC Bank Ltd. | 2,985,869 | 61,798,608 | |
HDFC Standard Life Insurance Co. Ltd. (c) | 3,156,812 | 20,515,705 | |
Hindustan Aeronautics Ltd. | 226,072 | 8,104,458 | |
Hindustan Unilever Ltd. | 1,001,547 | 30,178,065 | |
Housing Development Finance Corp. Ltd. | 959,376 | 32,722,210 | |
ICICI Bank Ltd. | 5,253,582 | 59,328,645 | |
Infosys Ltd. | 2,133,841 | 32,958,131 | |
ITC Ltd. | 7,094,836 | 37,036,915 | |
Larsen & Toubro Ltd. | 1,553,594 | 45,090,075 | |
NTPC Ltd. | 10,939,148 | 23,096,876 | |
Reliance Industries Ltd. | 2,864,800 | 85,166,184 | |
SRF Ltd. | 172,300 | 5,374,940 | |
Tata Consultancy Services Ltd. | 229,329 | 9,076,474 | |
Tata Steel Ltd. | 10,532,663 | 13,978,613 | |
Ultratech Cement Ltd. | 252,376 | 23,388,140 | |
TOTAL INDIA | 531,844,925 | ||
Indonesia - 3.4% | |||
PT Bank Central Asia Tbk | 51,910,247 | 32,124,735 | |
PT Bank Mandiri (Persero) Tbk | 72,557,542 | 25,649,097 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 79,977,601 | 27,870,534 | |
PT Telkom Indonesia Persero Tbk | 25,973,197 | 7,523,106 | |
PT United Tractors Tbk | 11,454,327 | 22,611,715 | |
TOTAL INDONESIA | 115,779,187 | ||
Korea (South) - 12.8% | |||
Db Insurance Co. Ltd. | 349,584 | 21,984,110 | |
Hansol Chemical Co. Ltd. | 69,022 | 11,509,272 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 246,310 | 6,922,557 | |
Hyundai Motor Co. Ltd. | 245,080 | 36,317,913 | |
JYP Entertainment Corp. | 102,086 | 6,908,641 | |
KB Financial Group, Inc. | 521,854 | 19,376,921 | |
Kia Corp. | 511,191 | 32,388,251 | |
Korea Aerospace Industries Ltd. | 160,310 | 6,587,483 | |
LG Chemical Ltd. | 107,566 | 59,774,810 | |
LG H & H Co. Ltd. | 9,730 | 4,545,188 | |
LG Innotek Co. Ltd. | 22,275 | 4,435,169 | |
NAVER Corp. | 105,399 | 15,275,771 | |
POSCO | 38,260 | 10,832,049 | |
Samsung Electronics Co. Ltd. | 3,604,535 | 177,428,144 | |
SK Hynix, Inc. | 343,612 | 23,128,574 | |
TOTAL KOREA (SOUTH) | 437,414,853 | ||
Mexico - 3.9% | |||
America Movil S.A.B. de CV Series L | 9,360,981 | 10,095,354 | |
CEMEX S.A.B. de CV sponsored ADR (a) | 1,269,623 | 7,617,738 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 166,969 | 16,199,332 | |
Gruma S.A.B. de CV Series B | 1,081,725 | 16,932,054 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B | 138,696 | 3,980,871 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 5,974,079 | 51,661,604 | |
Wal-Mart de Mexico SA de CV Series V | 6,956,934 | 28,049,064 | |
TOTAL MEXICO | 134,536,017 | ||
Peru - 0.2% | |||
Credicorp Ltd. (United States) | 54,594 | 7,396,395 | |
Russia - 0.1% | |||
LUKOIL PJSC (d) | 568,462 | 204,715 | |
Sberbank of Russia (d) | 5,098,115 | 36,469 | |
Yandex NV Series A (a)(d) | 273,678 | 2,079,953 | |
TOTAL RUSSIA | 2,321,137 | ||
Saudi Arabia - 3.5% | |||
Al Rajhi Bank | 1,216,852 | 24,916,478 | |
Alinma Bank | 3,335,931 | 28,150,003 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 408,369 | 31,248,008 | |
Saudi Telecom Co. | 1,342,134 | 16,102,602 | |
The Saudi National Bank | 1,379,954 | 17,991,242 | |
TOTAL SAUDI ARABIA | 118,408,333 | ||
Singapore - 0.6% | |||
Sea Ltd. ADR (a) | 282,200 | 21,495,174 | |
South Africa - 3.7% | |||
Absa Group Ltd. | 3,164,829 | 30,733,920 | |
Bid Corp. Ltd. | 1,016,916 | 23,142,935 | |
Gold Fields Ltd. sponsored ADR | 566,100 | 8,808,516 | |
Impala Platinum Holdings Ltd. | 1,502,130 | 14,624,440 | |
MTN Group Ltd. (b) | 3,843,674 | 26,962,977 | |
Naspers Ltd. Class N | 118,722 | 21,165,843 | |
TOTAL SOUTH AFRICA | 125,438,631 | ||
Taiwan - 10.9% | |||
Chailease Holding Co. Ltd. | 3,675,336 | 26,749,238 | |
eMemory Technology, Inc. | 304,416 | 18,188,855 | |
HIWIN Technologies Corp. | 1,906,396 | 14,633,167 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 3,055,425 | 10,404,237 | |
International Games Systems Co. Ltd. | 571,689 | 9,977,251 | |
MediaTek, Inc. | 1,250,763 | 27,177,392 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 16,248,342 | 265,890,288 | |
TOTAL TAIWAN | 373,020,428 | ||
Thailand - 0.9% | |||
Bangkok Bank PCL (For. Reg.) | 2,921,081 | 13,472,239 | |
CP ALL PCL (For. Reg.) | 5,070,933 | 9,637,842 | |
Thai Beverage PCL | 13,122,901 | 6,306,334 | |
TOTAL THAILAND | 29,416,415 | ||
TOTAL COMMON STOCKS (Cost $2,966,429,091) | 3,156,395,945 | ||
Nonconvertible Preferred Stocks - 2.5% | |||
Shares | Value ($) | ||
Brazil - 2.5% | |||
Banco Bradesco SA (PN) | 2,424,400 | 6,732,014 | |
Gerdau SA | 2,280,926 | 11,514,840 | |
Itau Unibanco Holding SA | 6,260,861 | 32,535,691 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR (b) | 3,279,083 | 34,823,861 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $82,415,859) | 85,606,406 | ||
Government Obligations - 0.2% | |||
Principal Amount (e) | Value ($) | ||
United States of America - 0.2% | |||
U.S. Treasury Bills, yield at date of purchase 4.45% to 4.58% 6/1/23 (f) (Cost $4,960,651) | 4,980,000 | 4,961,657 | |
Money Market Funds - 9.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (g) | 288,813,824 | 288,871,587 | |
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h) | 35,035,809 | 35,039,313 | |
TOTAL MONEY MARKET FUNDS (Cost $323,910,899) | 323,910,900 | ||
TOTAL INVESTMENT IN SECURITIES - 104.7% (Cost $3,377,716,500) | 3,570,874,908 |
NET OTHER ASSETS (LIABILITIES) - (4.7)% | (160,055,401) |
NET ASSETS - 100.0% | 3,410,819,507 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI Emerging Markets Index Contracts (United States) | 1,027 | Jun 2023 | 50,538,670 | 1,465,660 | 1,465,660 |
The notional amount of futures purchased as a percentage of Net Assets is 1.5% |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $143,868,784 or 4.2% of net assets. |
(d) | Level 3 security |
(e) | Amount is stated in United States dollars unless otherwise noted. |
(f) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $4,391,764. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 175,911,032 | 1,276,051,844 | 1,163,091,290 | 3,766,096 | - | 1 | 288,871,587 | 0.7% |
Fidelity Securities Lending Cash Central Fund 4.88% | 9,725,325 | 178,675,706 | 153,361,718 | 178,673 | - | - | 35,039,313 | 0.1% |
Total | 185,636,357 | 1,454,727,550 | 1,316,453,008 | 3,944,769 | - | 1 | 323,910,900 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 392,768,165 | 149,457,853 | 241,230,359 | 2,079,953 |
Consumer Discretionary | 508,421,540 | 169,892,360 | 338,529,180 | - |
Consumer Staples | 260,118,320 | 115,892,499 | 144,225,821 | - |
Energy | 165,055,106 | 34,823,861 | 130,026,530 | 204,715 |
Financials | 713,505,555 | 205,558,021 | 507,911,065 | 36,469 |
Health Care | 150,123,049 | 81,894,328 | 68,228,721 | - |
Industrials | 188,528,522 | 48,477,027 | 140,051,495 | - |
Information Technology | 588,058,946 | - | 588,058,946 | - |
Materials | 213,027,059 | 43,097,396 | 169,929,663 | - |
Utilities | 62,396,089 | - | 62,396,089 | - |
Government Obligations | 4,961,657 | - | 4,961,657 | - |
Money Market Funds | 323,910,900 | 323,910,900 | - | - |
Total Investments in Securities: | 3,570,874,908 | 1,173,004,245 | 2,395,549,526 | 2,321,137 |
Derivative Instruments: | ||||
Assets | ||||
Futures Contracts | 1,465,660 | 1,465,660 | - | - |
Total Assets | 1,465,660 | 1,465,660 | - | - |
Total Derivative Instruments: | 1,465,660 | 1,465,660 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,465,660 | 0 |
Total Equity Risk | 1,465,660 | 0 |
Total Value of Derivatives | 1,465,660 | 0 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $33,633,679) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,053,805,601) | $ | 3,246,964,008 | ||
Fidelity Central Funds (cost $323,910,899) | 323,910,900 | |||
Total Investment in Securities (cost $3,377,716,500) | $ | 3,570,874,908 | ||
Foreign currency held at value (cost $1,914,645) | 1,910,999 | |||
Receivable for investments sold | 1,499,989 | |||
Receivable for fund shares sold | 14,033,310 | |||
Dividends receivable | 10,463,395 | |||
Distributions receivable from Fidelity Central Funds | 1,039,334 | |||
Receivable for daily variation margin on futures contracts | 694,667 | |||
Receivable from investment adviser for expense reductions | 43,414 | |||
Other receivables | 1,011,878 | |||
Total assets | 3,601,571,894 | |||
Liabilities | ||||
Payable for investments purchased | $ | 148,104,680 | ||
Payable for fund shares redeemed | 58,749 | |||
Other payables and accrued expenses | 7,549,645 | |||
Collateral on securities loaned | 35,039,313 | |||
Total Liabilities | 190,752,387 | |||
Net Assets | $ | 3,410,819,507 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,673,583,849 | ||
Total accumulated earnings (loss) | (262,764,342) | |||
Net Assets | $ | 3,410,819,507 | ||
Net Asset Value , offering price and redemption price per share ($3,410,819,507 ÷ 423,467,919 shares) | $ | 8.05 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 36,016,676 | ||
Non-Cash dividends | 7,004,906 | |||
Interest | 90,725 | |||
Income from Fidelity Central Funds (including $178,673 from security lending) | 3,944,769 | |||
Income before foreign taxes withheld | $ | 47,057,076 | ||
Less foreign taxes withheld | (4,084,538) | |||
Total Income | 42,972,538 | |||
Expenses | ||||
Custodian fees and expenses | $ | 403,507 | ||
Independent trustees' fees and expenses | 8,682 | |||
Total expenses before reductions | 412,189 | |||
Expense reductions | (217,473) | |||
Total expenses after reductions | 194,716 | |||
Net Investment income (loss) | 42,777,822 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,749,748) | (125,841,314) | |||
Foreign currency transactions | (2,037,253) | |||
Futures contracts | 192,539 | |||
Total net realized gain (loss) | (127,686,028) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $396,378) | 547,935,451 | |||
Fidelity Central Funds | 1 | |||
Assets and liabilities in foreign currencies | 17,983 | |||
Futures contracts | 13,270,698 | |||
Total change in net unrealized appreciation (depreciation) | 561,224,133 | |||
Net gain (loss) | 433,538,105 | |||
Net increase (decrease) in net assets resulting from operations | $ | 476,315,927 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 42,777,822 | $ | 74,510,346 |
Net realized gain (loss) | (127,686,028) | (324,627,707) | ||
Change in net unrealized appreciation (depreciation) | 561,224,133 | (1,027,426,269) | ||
Net increase (decrease) in net assets resulting from operations | 476,315,927 | (1,277,543,630) | ||
Distributions to shareholders | (65,273,730) | (105,313,301) | ||
Share transactions | ||||
Proceeds from sales of shares | 954,240,489 | 739,859,925 | ||
Reinvestment of distributions | 65,273,730 | 105,313,301 | ||
Cost of shares redeemed | (456,480,619) | (265,266,031) | ||
Net increase (decrease) in net assets resulting from share transactions | 563,033,600 | 579,907,195 | ||
Total increase (decrease) in net assets | 974,075,797 | (802,949,736) | ||
Net Assets | ||||
Beginning of period | 2,436,743,710 | 3,239,693,446 | ||
End of period | $ | 3,410,819,507 | $ | 2,436,743,710 |
Other Information | ||||
Shares | ||||
Sold | 119,786,177 | 84,221,344 | ||
Issued in reinvestment of distributions | 8,304,546 | 9,925,853 | ||
Redeemed | (55,910,644) | (29,402,412) | ||
Net increase (decrease) | 72,180,079 | 64,744,785 | ||
Fidelity® Series Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 6.94 | $ | 11.31 | $ | 9.65 | $ | 9.48 | $ | 8.87 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .12 | .23 | .20 | .17 | .30 D | .01 | ||||||
Net realized and unrealized gain (loss) | 1.19 | (4.24) | 1.62 | .22 | .35 | (1.14) | ||||||
Total from investment operations | 1.31 | (4.01) | 1.82 | .39 | .65 | (1.13) | ||||||
Distributions from net investment income | (.20) | (.30) | (.16) | (.22) | (.04) | - | ||||||
Distributions from net realized gain | - | (.07) | - | - | - | - | ||||||
Total distributions | (.20) | (.36) E | (.16) | (.22) | (.04) | - | ||||||
Net asset value, end of period | $ | 8.05 | $ | 6.94 | $ | 11.31 | $ | 9.65 | $ | 9.48 | $ | 8.87 |
Total Return F,G | 18.92% | (36.53)% | 18.88% | 4.16% | 7.33% | (11.30)% | ||||||
Ratios to Average Net Assets C,H,I | ||||||||||||
Expenses before reductions | .03% J | .04% | .04% | .05% | .04% | .04% J | ||||||
Expenses net of fee waivers, if any | .01% J | .01% | .01% | .01% | .01% | .01% J | ||||||
Expenses net of all reductions | .01% J | .01% | .01% | .01% | .01% | .01% J | ||||||
Net investment income (loss) | 2.97% J | 2.61% | 1.70% | 1.86% | 3.24% D | .65% J | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,410,820 | $ | 2,436,744 | $ | 3,239,693 | $ | 2,995,875 | $ | 2,065,165 | $ | 1,431,017 |
Portfolio turnover rate K | 102% J | 65% | 78% | 117% L | 47% | 15% L,M |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 7.6 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.8 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.6 | |
HDFC Bank Ltd. (India, Banks) | 2.8 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 2.6 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.9 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 1.8 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) (China, Insurance) | 1.6 | |
Sea Ltd. ADR (Singapore, Entertainment) | 1.5 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.4 | |
30.6 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.7 | |
Information Technology | 18.1 | |
Consumer Discretionary | 14.0 | |
Communication Services | 9.8 | |
Materials | 9.0 | |
Consumer Staples | 6.7 | |
Industrials | 5.3 | |
Energy | 4.6 | |
Health Care | 3.6 | |
Utilities | 2.9 | |
Real Estate | 1.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.2% | |||
Shares | Value ($) | ||
Brazil - 6.3% | |||
Arezzo Industria e Comercio SA | 2,394,563 | 31,867,976 | |
Atacadao SA | 24,646,000 | 53,118,509 | |
Dexco SA | 29,895,811 | 35,303,406 | |
ENGIE Brasil Energia SA | 5,663,100 | 46,812,144 | |
Equatorial Energia SA | 10,638,200 | 58,311,959 | |
Localiza Rent a Car SA | 8,461,721 | 98,413,015 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 39,088 | 134,478 | |
LOG Commercial Properties e Participacoes SA | 4,552,451 | 14,959,435 | |
Lojas Renner SA | 14,021,226 | 44,527,892 | |
MercadoLibre, Inc. (a) | 86,367 | 110,332,979 | |
Multiplan Empreendimentos Imobiliarios SA | 1,937,700 | 10,061,837 | |
PagSeguro Digital Ltd. (a)(b) | 13,698,749 | 134,795,690 | |
Raia Drogasil SA | 25,233,500 | 132,951,678 | |
Rede D'Oregon Sao Luiz SA (c) | 6,502,900 | 29,817,018 | |
Rumo SA | 23,197,600 | 91,622,102 | |
StoneCo Ltd. Class A (a) | 8,262,530 | 101,794,370 | |
Suzano Papel e Celulose SA | 2,860,700 | 22,826,870 | |
Transmissora Alianca de Energia Eletrica SA | 5,446,400 | 39,823,210 | |
Vale SA sponsored ADR | 15,622,770 | 225,124,116 | |
XP, Inc. Class A (a)(b) | 10,230,065 | 146,187,629 | |
TOTAL BRAZIL | 1,428,786,313 | ||
Canada - 0.9% | |||
Barrick Gold Corp. | 10,673,200 | 203,217,728 | |
Chile - 1.1% | |||
Antofagasta PLC | 6,693,044 | 122,849,710 | |
Banco de Chile | 1,190,736,100 | 126,780,759 | |
TOTAL CHILE | 249,630,469 | ||
China - 29.1% | |||
Akeso, Inc. (a)(b)(c) | 5,034,545 | 27,650,687 | |
Alibaba Group Holding Ltd. (a) | 55,674,739 | 588,683,910 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 617,515 | 52,297,345 | |
Angelalign Technology, Inc. (c) | 886,600 | 11,121,216 | |
Ant International Co. Ltd. Class C (a)(d)(e) | 9,361,123 | 14,416,129 | |
Antengene Corp. (a)(c) | 6,459,686 | 2,231,017 | |
Baidu, Inc.: | |||
Class A (a) | 2,279,473 | 34,310,426 | |
sponsored ADR (a) | 450,950 | 54,389,080 | |
BeiGene Ltd. ADR (a) | 207,600 | 52,929,696 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 17,155,976 | 25,408,751 | |
Bilibili, Inc. ADR (a)(b) | 4,195,088 | 85,411,992 | |
BYD Co. Ltd. (H Shares) | 5,057,594 | 153,377,869 | |
C&S Paper Co. Ltd. (A Shares) | 22,252,600 | 37,977,954 | |
China Communications Services Corp. Ltd. (H Shares) | 75,360,000 | 41,294,620 | |
China Construction Bank Corp. (H Shares) | 481,252,000 | 321,729,676 | |
China Gas Holdings Ltd. | 35,524,400 | 45,701,081 | |
China Life Insurance Co. Ltd. (H Shares) | 101,446,690 | 194,894,868 | |
China Merchants Holdings International Co. Ltd. | 27,236,494 | 40,414,122 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 4,509,628 | 8,916,674 | |
China Overseas Land and Investment Ltd. | 12,386,400 | 31,413,697 | |
China Petroleum & Chemical Corp. (H Shares) | 221,316,000 | 145,053,975 | |
China Resources Beer Holdings Co. Ltd. | 15,194,666 | 117,375,487 | |
China Resources Land Ltd. | 13,515,720 | 62,939,413 | |
China Tower Corp. Ltd. (H Shares) (c) | 135,868,721 | 17,340,023 | |
China Vanke Co. Ltd. (H Shares) | 13,349,400 | 20,869,041 | |
Daqin Railway Co. Ltd. (A Shares) | 80,892,300 | 90,194,429 | |
Daqo New Energy Corp. ADR (a) | 193,772 | 8,898,010 | |
ENN Energy Holdings Ltd. | 5,153,900 | 70,668,255 | |
ESR Group Ltd. (c) | 5,393,000 | 8,430,043 | |
Greentown China Holdings Ltd. | 8,214,000 | 9,871,950 | |
Guangdong Investment Ltd. | 49,930,000 | 47,731,915 | |
Haier Smart Home Co. Ltd. | 23,547,216 | 76,754,111 | |
Haier Smart Home Co. Ltd. (A Shares) | 1,171,203 | 4,027,055 | |
Haitian International Holdings Ltd. | 17,099,306 | 44,428,816 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 20,567,724 | 37,521,763 | |
Innovent Biologics, Inc. (a)(c) | 8,269,362 | 39,759,693 | |
JD Health International, Inc. (a)(c) | 2,426,058 | 17,506,735 | |
JD.com, Inc.: | |||
Class A | 6,340,397 | 113,162,423 | |
sponsored ADR | 432,593 | 15,452,222 | |
Jiumaojiu International Holdings Ltd. (c) | 15,743,199 | 35,373,609 | |
KE Holdings, Inc. | 11,300 | 59,201 | |
KE Holdings, Inc. ADR (a) | 2,521,200 | 39,557,628 | |
Kuaishou Technology Class B (a)(c) | 2,865,134 | 18,967,592 | |
Kunlun Energy Co. Ltd. | 60,942,000 | 56,493,712 | |
Kweichow Moutai Co. Ltd. (A Shares) | 428,110 | 109,234,201 | |
Lenovo Group Ltd. | 7,218,000 | 7,384,564 | |
Li Auto, Inc.: | |||
ADR (a)(b) | 6,575,609 | 154,526,812 | |
Class A (a) | 520,690 | 6,166,979 | |
Li Ning Co. Ltd. | 12,806,364 | 91,586,226 | |
Longfor Properties Co. Ltd. (c) | 5,616,935 | 15,370,736 | |
LONGi Green Energy Technology Co. Ltd. | 1,444,200 | 7,312,247 | |
Medlive Technology Co. Ltd. (c) | 10,435,280 | 11,556,223 | |
Meituan Class B (a)(c) | 24,898,636 | 425,529,073 | |
NetEase, Inc. ADR | 855,952 | 76,291,002 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 1,404,130 | 64,014,287 | |
OPT Machine Vision Tech Co. Ltd. | 242,766 | 5,263,044 | |
PDD Holdings, Inc. ADR (a) | 2,816,984 | 191,977,460 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 48,607,000 | 354,613,371 | |
Proya Cosmetics Co. Ltd. (A Shares) | 4,919,730 | 119,694,390 | |
Shangri-La Asia Ltd. (a) | 17,378,000 | 16,031,465 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 1,765,939 | 79,837,608 | |
Shenzhou International Group Holdings Ltd. | 2,633,349 | 25,293,754 | |
Silergy Corp. | 3,654,196 | 57,638,723 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 49,856,187 | 25,853,523 | |
Sinopharm Group Co. Ltd. (H Shares) | 10,756,000 | 38,100,745 | |
Sinotruk Hong Kong Ltd. | 16,387,161 | 25,043,542 | |
Sunny Optical Technology Group Co. Ltd. | 6,395,057 | 67,578,547 | |
Tencent Holdings Ltd. | 23,318,764 | 1,035,728,923 | |
Tongdao Liepin Group (a) | 7,274,950 | 9,321,000 | |
TravelSky Technology Ltd. (H Shares) | 22,713,000 | 45,338,055 | |
Trip.com Group Ltd. ADR (a) | 5,656,392 | 200,858,480 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 11,583,384 | 124,007,442 | |
Uni-President China Holdings Ltd. | 41,390,000 | 41,326,593 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(c) | 6,020,987 | 8,429,276 | |
WuXi AppTec Co. Ltd. (H Shares) (c) | 2,939,604 | 25,853,615 | |
Wuxi Biologics (Cayman), Inc. (a)(c) | 17,685,087 | 105,453,333 | |
Xinyi Solar Holdings Ltd. | 14,298,000 | 15,371,745 | |
Zai Lab Ltd. (a)(f) | 11,808,902 | 41,344,155 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 14,363,300 | 57,970,260 | |
TOTAL CHINA | 6,609,909,310 | ||
Greece - 0.7% | |||
Alpha Bank SA (a) | 86,748,700 | 108,492,825 | |
Piraeus Financial Holdings SA (a) | 21,381,847 | 50,419,806 | |
TOTAL GREECE | 158,912,631 | ||
Hong Kong - 0.9% | |||
Huanxi Media Group Ltd. (a) | 130,621,425 | 16,500,704 | |
Kerry Properties Ltd. | 6,340,500 | 16,359,161 | |
Prudential PLC | 11,655,048 | 178,334,360 | |
TOTAL HONG KONG | 211,194,225 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 1,691,900 | 40,829,289 | |
India - 16.3% | |||
Apollo Hospitals Enterprise Ltd. | 1,185,900 | 65,714,921 | |
Bajaj Auto Ltd. | 833,400 | 45,281,336 | |
Bajaj Finance Ltd. | 2,046,177 | 157,994,710 | |
Bandhan Bank Ltd. (a)(c) | 29,989,032 | 84,539,154 | |
Bharat Electronics Ltd. | 60,507,400 | 76,711,577 | |
Bharti Airtel Ltd. | 8,643,091 | 84,699,484 | |
Campus Activewear Ltd. | 3,094,577 | 13,528,512 | |
Divi's Laboratories Ltd. | 754,000 | 30,238,425 | |
Embassy Office Parks (REIT) | 3,840,355 | 15,498,530 | |
HDFC Bank Ltd. | 30,718,288 | 635,777,197 | |
HDFC Standard Life Insurance Co. Ltd. (c) | 20,348,741 | 132,243,782 | |
Hindustan Aeronautics Ltd. | 1,288,300 | 46,184,281 | |
Housing Development Finance Corp. Ltd. | 1,511,400 | 51,550,537 | |
Indraprastha Gas Ltd. | 10,918,594 | 66,385,473 | |
Infosys Ltd. | 2,503,128 | 38,661,934 | |
Infosys Ltd. sponsored ADR | 15,425,766 | 239,716,404 | |
ITC Ltd. | 33,800,954 | 176,449,895 | |
JK Cement Ltd. (f) | 3,988,031 | 146,559,825 | |
Larsen & Toubro Ltd. | 5,290,644 | 153,550,758 | |
Mahanagar Gas Ltd. | 3,487,034 | 43,123,398 | |
Manappuram General Finance & Leasing Ltd. | 30,961,687 | 49,346,415 | |
Mankind Pharma Ltd. (g) | 124,117 | 1,557,725 | |
Mankind Pharma Ltd. (g) | 124,118 | 1,557,738 | |
Maruti Suzuki India Ltd. | 691,192 | 72,873,888 | |
NTPC Ltd. | 37,236,845 | 78,621,735 | |
Oberoi Realty Ltd. | 962,972 | 10,819,901 | |
Oil & Natural Gas Corp. Ltd. | 36,520,100 | 71,298,522 | |
One97 Communications Ltd. (a) | 6,085,200 | 48,846,136 | |
Petronet LNG Ltd. | 11,584,880 | 33,683,370 | |
Pine Labs Private Ltd. (a)(d)(e) | 9,606 | 5,288,583 | |
Power Grid Corp. of India Ltd. | 31,955,654 | 93,018,941 | |
Reliance Industries Ltd. | 13,780,792 | 409,682,167 | |
Shree Cement Ltd. | 315,268 | 94,100,609 | |
Sona Blw Precision Forgings Ltd. (c) | 4,741,243 | 27,948,962 | |
SRF Ltd. | 2,529,877 | 78,920,119 | |
Sun Pharmaceutical Industries Ltd. | 1,592,400 | 19,282,227 | |
Tata Motors Ltd. (a) | 2,058,173 | 12,292,945 | |
Tata Steel Ltd. | 102,870,800 | 136,526,827 | |
Torrent Pharmaceuticals Ltd. | 1,505,272 | 30,506,220 | |
Vijaya Diagnostic Centre Pvt Ltd. | 1,766,900 | 8,177,301 | |
Zomato Ltd. (a) | 121,356,497 | 97,145,387 | |
TOTAL INDIA | 3,685,905,851 | ||
Indonesia - 2.8% | |||
First Resources Ltd. | 57,800,646 | 66,637,412 | |
PT Bank Central Asia Tbk | 375,840,360 | 232,589,379 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 673,246,539 | 234,612,446 | |
PT Dayamitra Telekomunikasi Tbk | 54,585,700 | 2,606,519 | |
PT Sumber Alfaria Trijaya Tbk | 332,470,200 | 65,740,084 | |
PT United Tractors Tbk | 14,247,500 | 28,125,652 | |
TOTAL INDONESIA | 630,311,492 | ||
Japan - 0.2% | |||
Z Holdings Corp. | 14,880,005 | 40,759,926 | |
Korea (South) - 11.2% | |||
Coway Co. Ltd. | 1,069,970 | 39,301,059 | |
Delivery Hero AG (a)(c) | 909,670 | 36,215,461 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 2,806,240 | 78,869,538 | |
Hyundai Motor Co. Ltd. | 121,830 | 18,053,743 | |
Jeisys Medical, Inc. (a) | 2,135,054 | 13,830,441 | |
Kakao Corp. | 1,985,749 | 86,989,502 | |
Kakao Pay Corp. (a)(b) | 525,237 | 21,592,820 | |
KB Financial Group, Inc. | 4,613,228 | 171,293,416 | |
Kia Corp. | 2,539,592 | 160,904,522 | |
L&F Co. Ltd. (b) | 52,600 | 10,503,760 | |
LG Chemical Ltd. | 106,766 | 59,330,247 | |
LG Corp. | 1,026,038 | 67,182,402 | |
NAVER Corp. | 330,883 | 47,955,795 | |
NCSOFT Corp. | 48,710 | 13,789,041 | |
POSCO | 599,666 | 169,775,524 | |
S-Oil Corp. | 802,400 | 44,958,503 | |
Samsung Biologics Co. Ltd. (a)(c) | 152,488 | 89,219,203 | |
Samsung Electronics Co. Ltd. | 22,302,876 | 1,097,827,570 | |
Samsung SDI Co. Ltd. | 264,797 | 137,476,704 | |
SK Hynix, Inc. | 2,626,204 | 176,770,173 | |
TOTAL KOREA (SOUTH) | 2,541,839,424 | ||
Mauritius - 0.0% | |||
Jumo World Ltd. (a)(e) | 2,021 | 1,918,293 | |
Mexico - 3.6% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 32,622,700 | 195,736,200 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 13,579,784 | 42,893,069 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 4,535,800 | 80,700,635 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 267,933 | 76,714,577 | |
Grupo Aeroportuario Norte S.A.B. de CV | 4,411,100 | 48,489,102 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 28,335,778 | 245,037,224 | |
Wal-Mart de Mexico SA de CV Series V | 30,145,300 | 121,540,243 | |
TOTAL MEXICO | 811,111,050 | ||
Netherlands - 0.0% | |||
CTP BV (c) | 878,177 | 11,515,193 | |
CTP BV rights (a)(g) | 878,177 | 222,563 | |
TOTAL NETHERLANDS | 11,737,756 | ||
Panama - 0.2% | |||
Copa Holdings SA Class A (b) | 483,822 | 43,698,803 | |
Peru - 0.5% | |||
Credicorp Ltd. (United States) | 807,722 | 109,430,177 | |
Philippines - 0.3% | |||
Ayala Land, Inc. | 54,350,524 | 26,222,696 | |
SM Investments Corp. | 2,355,000 | 38,096,058 | |
TOTAL PHILIPPINES | 64,318,754 | ||
Poland - 0.6% | |||
CD Projekt RED SA | 1,307,369 | 35,588,983 | |
Dino Polska SA (a)(c) | 947,200 | 96,356,282 | |
TOTAL POLAND | 131,945,265 | ||
Russia - 0.7% | |||
Fix Price Group Ltd. GDR (Reg. S) (a)(e) | 5,084,349 | 1,877,803 | |
Gazprom OAO sponsored ADR (Reg. S) (a)(e) | 10,986,900 | 2,509,847 | |
LSR Group OJSC (a)(e) | 98,230 | 114,965 | |
LUKOIL PJSC sponsored ADR (a)(e) | 2,479,000 | 701,284 | |
Novatek PJSC GDR (Reg. S) (a)(e) | 648,900 | 28,551,600 | |
Sberbank of Russia (e) | 12,899,053 | 92,273 | |
Sberbank of Russia sponsored ADR (a)(e) | 19,633,994 | 349,485 | |
Severstal PAO GDR (Reg. S) (a)(e) | 6,035,400 | 142,496 | |
TCS Group Holding PLC GDR (a)(e) | 4,004,379 | 35,879,236 | |
X5 Retail Group NV GDR (Reg. S) (a)(e) | 6,393,700 | 48,592,120 | |
Yandex NV Series A (a)(b)(e) | 6,629,608 | 50,385,021 | |
TOTAL RUSSIA | 169,196,130 | ||
Saudi Arabia - 3.0% | |||
Al Rajhi Bank | 9,858,815 | 201,870,849 | |
Alinma Bank | 14,710,200 | 124,130,917 | |
Bupa Arabia for Cooperative Insurance Co. | 2,544,832 | 119,686,556 | |
The Saudi National Bank | 17,272,200 | 225,187,453 | |
TOTAL SAUDI ARABIA | 670,875,775 | ||
Singapore - 1.5% | |||
Sea Ltd. ADR (a) | 4,611,455 | 351,254,527 | |
South Africa - 2.6% | |||
Capitec Bank Holdings Ltd. | 1,365,561 | 118,909,999 | |
Discovery Ltd. (a) | 15,141,500 | 119,004,699 | |
Impala Platinum Holdings Ltd. | 20,218,902 | 196,847,225 | |
Naspers Ltd. Class N | 552,818 | 98,556,789 | |
Pick 'n Pay Stores Ltd. | 22,801,884 | 54,123,701 | |
TOTAL SOUTH AFRICA | 587,442,413 | ||
Switzerland - 0.1% | |||
OPT Machine Vision Tech Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 2/21/25 (a)(c) | 831,200 | 18,050,589 | |
Taiwan - 10.7% | |||
BizLink Holding, Inc. | 4,745,000 | 40,724,609 | |
BizLink Holding, Inc. rights 5/8/23 (a) | 121,229 | 130,040 | |
Chailease Holding Co. Ltd. | 26,635,341 | 193,853,048 | |
eMemory Technology, Inc. | 893,513 | 53,387,400 | |
Formosa Plastics Corp. | 6,722,000 | 20,549,020 | |
MediaTek, Inc. | 6,840,189 | 148,628,074 | |
Novatek Microelectronics Corp. | 1,227,000 | 16,762,739 | |
Realtek Semiconductor Corp. | 1,320,000 | 15,468,785 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 105,803,886 | 1,731,390,572 | |
Uni-President Enterprises Corp. | 39,464,000 | 94,543,238 | |
United Microelectronics Corp. | 2,904,000 | 4,667,405 | |
Wistron Corp. | 17,616,000 | 26,682,266 | |
Wiwynn Corp. | 1,670,473 | 63,528,155 | |
Yageo Corp. | 1,093,000 | 17,706,187 | |
TOTAL TAIWAN | 2,428,021,538 | ||
Tanzania - 0.1% | |||
Helios Towers PLC (a) | 14,359,600 | 18,822,424 | |
Thailand - 0.7% | |||
Carabao Group PCL (For. Reg.) | 25,941,900 | 54,540,709 | |
Land & House PCL (For. Reg.) | 52,674,000 | 15,144,562 | |
PTT Global Chemical PCL (For. Reg.) | 63,289,400 | 77,237,713 | |
Supalai PCL (For. Reg.) | 13,722,800 | 8,530,245 | |
TOTAL THAILAND | 155,453,229 | ||
United States of America - 1.8% | |||
FirstCash Holdings, Inc. | 1,735,954 | 178,855,341 | |
Globant SA (a)(b) | 290,367 | 45,549,871 | |
Legend Biotech Corp. ADR (a) | 407,900 | 28,026,809 | |
Parade Technologies Ltd. | 238,000 | 7,284,259 | |
Tenaris SA sponsored ADR (b) | 1,838,400 | 52,780,464 | |
Titan Cement International Trading SA (f) | 5,818,852 | 93,868,650 | |
TOTAL UNITED STATES OF AMERICA | 406,365,394 | ||
Uruguay - 0.1% | |||
Dlocal Ltd. (a) | 1,456,566 | 20,391,924 | |
TOTAL COMMON STOCKS (Cost $19,856,986,469) | 21,801,330,699 | ||
Preferred Stocks - 3.0% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.6% | |||
Brazil - 0.1% | |||
Creditas Financial Solutions Ltd. Series F (a)(d)(e) | 70,500 | 20,123,520 | |
China - 0.4% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 399,541 | 79,508,659 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 769,712 | 6,827,345 | |
86,336,004 | |||
India - 0.1% | |||
Meesho Series F (a)(d)(e) | 431,274 | 29,852,786 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 136,312,310 | ||
Nonconvertible Preferred Stocks - 2.4% | |||
Brazil - 1.7% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 6,849,800 | 31,654,816 | |
Metalurgica Gerdau SA (PN) | 52,885,922 | 123,631,631 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 12,291,800 | 116,649,182 | |
sponsored ADR | 10,449,335 | 110,971,938 | |
382,907,567 | |||
India - 0.1% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(d)(e) | 22,959 | 12,640,077 | |
Series A (a)(d)(e) | 5,737 | 3,158,505 | |
Series B (a)(d)(e) | 6,242 | 3,436,533 | |
Series B2 (a)(d)(e) | 5,049 | 2,779,727 | |
Series C (a)(d)(e) | 9,391 | 5,170,215 | |
Series C1 (a)(d)(e) | 1,978 | 1,088,988 | |
Series D (a)(d)(e) | 2,116 | 1,164,964 | |
29,439,009 | |||
Korea (South) - 0.5% | |||
Hyundai Motor Co. Ltd. Series 2 | 901,059 | 74,774,293 | |
Samsung Electronics Co. Ltd. | 1,072,790 | 44,865,629 | |
119,639,922 | |||
United States of America - 0.1% | |||
Gupshup, Inc. (a)(d)(e) | 566,129 | 8,848,596 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 540,835,094 | ||
TOTAL PREFERRED STOCKS (Cost $548,655,437) | 677,147,404 | ||
Government Obligations - 0.1% | |||
Principal Amount (h) | Value ($) | ||
United States of America - 0.1% | |||
U.S. Treasury Bills, yield at date of purchase 4.43% to 4.78% 5/25/23 to 6/1/23 (Cost $15,351,049) | 15,410,000 | 15,353,708 | |
Money Market Funds - 2.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (i) | 186,856,281 | 186,893,653 | |
Fidelity Securities Lending Cash Central Fund 4.88% (i)(j) | 325,945,812 | 325,978,407 | |
TOTAL MONEY MARKET FUNDS (Cost $512,867,710) | 512,872,060 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% (Cost $20,933,860,665) | 23,006,703,871 |
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (338,084,821) |
NET ASSETS - 100.0% | 22,668,619,050 |
ELS | - | EQUITY-LINKED SECURITY |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $1,334,000,278 or 5.9% of net assets. |
(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 $194,304,627 or 0.9% of net assets. |
(e) | Level 3 security |
(f) | Affiliated company |
(g) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(h) | Amount is stated in United States dollars unless otherwise noted. |
(i) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(j) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ant International Co. Ltd. Class C | 5/16/18 | 35,678,747 |
ByteDance Ltd. Series E1 | 11/18/20 | 43,779,377 |
Creditas Financial Solutions Ltd. Series F | 1/28/22 | 22,206,259 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 10,932,333 |
Gupshup, Inc. | 6/08/21 | 12,944,653 |
Meesho Series F | 9/21/21 | 33,066,770 |
Pine Labs Private Ltd. | 6/30/21 | 3,581,693 |
Pine Labs Private Ltd. Series 1 | 6/30/21 | 8,560,493 |
Pine Labs Private Ltd. Series A | 6/30/21 | 2,139,098 |
Pine Labs Private Ltd. Series B | 6/30/21 | 2,327,392 |
Pine Labs Private Ltd. Series B2 | 6/30/21 | 1,882,570 |
Pine Labs Private Ltd. Series C | 6/30/21 | 3,501,528 |
Pine Labs Private Ltd. Series C1 | 6/30/21 | 737,517 |
Pine Labs Private Ltd. Series D | 6/30/21 | 788,972 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 723,008,581 | 7,463,935,389 | 8,000,050,317 | 10,117,791 | 14,130 | (14,130) | 186,893,653 | 0.5% |
Fidelity Securities Lending Cash Central Fund 4.88% | 429,041,537 | 2,621,276,756 | 2,724,339,886 | 2,878,171 | - | - | 325,978,407 | 1.0% |
Total | 1,152,050,118 | 10,085,212,145 | 10,724,390,203 | 12,995,962 | 14,130 | (14,130) | 512,872,060 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
JK Cement Ltd. | 153,502,664 | - | 24,315,150 | - | (955,592) | 18,327,903 | 146,559,825 |
LOG Commercial Properties e Participacoes SA | 24,979,870 | 1,289,315 | 5,346,790 | 728,098 | (3,206,447) | (2,756,513) | - |
Pick 'n Pay Stores Ltd. | 119,922,945 | 287,922 | 35,437,696 | 825,160 | (29,290,770) | (1,358,700) | - |
Titan Cement International Trading SA | 65,636,709 | - | 1,270,953 | - | (984,987) | 30,487,881 | 93,868,650 |
Zai Lab Ltd. | 25,948,841 | 3,264,890 | 3,244,798 | - | (6,809,334) | 22,184,556 | 41,344,155 |
Zai Lab Ltd. ADR | 1,098,404 | - | 1,681,573 | - | (196,203) | 779,372 | - |
Total | 391,089,433 | 4,842,127 | 71,296,960 | 1,553,258 | (41,443,333) | 67,664,499 | 281,772,630 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,186,029,374 | 621,758,008 | 1,434,377,686 | 129,893,680 |
Consumer Discretionary | 3,173,909,665 | 1,000,627,703 | 2,143,429,176 | 29,852,786 |
Consumer Staples | 1,533,594,476 | 458,090,413 | 1,025,034,140 | 50,469,923 |
Energy | 1,044,966,504 | 280,401,584 | 732,802,189 | 31,762,731 |
Financials | 5,346,436,007 | 2,130,976,218 | 3,142,680,853 | 72,778,936 |
Health Care | 847,373,689 | 151,602,812 | 688,943,532 | 6,827,345 |
Industrials | 1,187,551,749 | 439,772,712 | 747,779,037 | - |
Information Technology | 4,107,951,544 | 294,164,285 | 3,770,211,071 | 43,576,188 |
Materials | 2,002,547,916 | 1,022,558,311 | 979,847,109 | 142,496 |
Real Estate | 369,770,540 | 118,987,162 | 250,668,413 | 114,965 |
Utilities | 678,346,639 | 176,602,129 | 501,744,510 | - |
Government Obligations | 15,353,708 | - | 15,353,708 | - |
Money Market Funds | 512,872,060 | 512,872,060 | - | - |
Total Investments in Securities: | 23,006,703,871 | 7,208,413,397 | 15,432,871,424 | 365,419,050 |
Investments in Securities: | |||
Beginning Balance | $ | 221,119,750 | |
Net Realized Gain (Loss) on Investment Securities | (1,574,410) | ||
Net Unrealized Gain (Loss) on Investment Securities | 146,281,710 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (408,000) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 365,419,050 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2023 | $ | 146,281,710 | |
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, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $309,896,740) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $20,230,284,999) | $ | 22,212,059,181 | ||
Fidelity Central Funds (cost $512,867,710) | 512,872,060 | |||
Other affiliated issuers (cost $190,707,956) | 281,772,630 | |||
Total Investment in Securities (cost $20,933,860,665) | $ | 23,006,703,871 | ||
Foreign currency held at value (cost $80,488,636) | 75,689,952 | |||
Receivable for investments sold | 53,401,846 | |||
Receivable for fund shares sold | 49,835 | |||
Dividends receivable | 54,662,361 | |||
Distributions receivable from Fidelity Central Funds | 1,522,580 | |||
Receivable for daily variation margin on futures contracts | 24,807 | |||
Receivable from investment adviser for expense reductions | 278,437 | |||
Other receivables | 3,053,349 | |||
Total assets | 23,195,387,038 | |||
Liabilities | ||||
Payable to custodian bank | $ | 2,707,550 | ||
Payable for investments purchased | ||||
Regular delivery | 57,189,002 | |||
Delayed delivery | 20,025,629 | |||
Payable for fund shares redeemed | 34,705,616 | |||
Deferred taxes | 84,019,941 | |||
Other payables and accrued expenses | 2,146,939 | |||
Collateral on securities loaned | 325,973,311 | |||
Total Liabilities | 526,767,988 | |||
Net Assets | $ | 22,668,619,050 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 22,626,492,647 | ||
Total accumulated earnings (loss) | 42,126,403 | |||
Net Assets | $ | 22,668,619,050 | ||
Net Asset Value , offering price and redemption price per share ($22,668,619,050 ÷ 1,375,885,800 shares) | $ | 16.48 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends (including $1,553,258 earned from affiliated issuers) | $ | 268,240,654 | ||
Non-Cash dividends | 59,985,114 | |||
Interest | 427,075 | |||
Income from Fidelity Central Funds (including $2,878,171 from security lending) | 12,995,962 | |||
Income before foreign taxes withheld | $ | 341,648,805 | ||
Less foreign taxes withheld | (31,875,815) | |||
Total Income | 309,772,990 | |||
Expenses | ||||
Custodian fees and expenses | $ | 3,340,429 | ||
Independent trustees' fees and expenses | 77,459 | |||
Interest | 51,384 | |||
Total expenses before reductions | 3,469,272 | |||
Expense reductions | (1,791,339) | |||
Total expenses after reductions | 1,677,933 | |||
Net Investment income (loss) | 308,095,057 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $11,909,230) | (694,745,816) | |||
Fidelity Central Funds | 14,130 | |||
Other affiliated issuers | (41,443,333) | |||
Foreign currency transactions | 920,822 | |||
Futures contracts | 19,646,729 | |||
Total net realized gain (loss) | (715,607,468) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $10,852,581) | 4,524,248,310 | |||
Fidelity Central Funds | (14,130) | |||
Other affiliated issuers | 67,664,499 | |||
Assets and liabilities in foreign currencies | (1,165,604) | |||
Futures contracts | 4,775,049 | |||
Total change in net unrealized appreciation (depreciation) | 4,595,508,124 | |||
Net gain (loss) | 3,879,900,656 | |||
Net increase (decrease) in net assets resulting from operations | $ | 4,187,995,713 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 308,095,057 | $ | 687,585,060 |
Net realized gain (loss) | (715,607,468) | (1,069,863,359) | ||
Change in net unrealized appreciation (depreciation) | 4,595,508,124 | (10,801,411,227) | ||
Net increase (decrease) in net assets resulting from operations | 4,187,995,713 | (11,183,689,526) | ||
Distributions to shareholders | (559,062,771) | (3,331,305,613) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,162,520,016 | 7,263,042,676 | ||
Reinvestment of distributions | 559,062,771 | 3,331,305,613 | ||
Cost of shares redeemed | (5,012,173,230) | (2,937,614,184) | ||
Net increase (decrease) in net assets resulting from share transactions | (3,290,590,443) | 7,656,734,105 | ||
Total increase (decrease) in net assets | 338,342,499 | (6,858,261,034) | ||
Net Assets | ||||
Beginning of period | 22,330,276,551 | 29,188,537,585 | ||
End of period | $ | 22,668,619,050 | $ | 22,330,276,551 |
Other Information | ||||
Shares | ||||
Sold | 71,536,716 | 398,835,244 | ||
Issued in reinvestment of distributions | 35,117,008 | 156,693,585 | ||
Redeemed | (307,111,888) | (161,208,420) | ||
Net increase (decrease) | (200,458,164) | 394,320,409 | ||
Fidelity® Series Emerging Markets Opportunities Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.17 | $ | 24.69 | $ | 21.49 | $ | 19.39 | $ | 17.66 | $ | 21.35 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .21 | .48 | .47 | .35 | .57 C | .45 | ||||||
Net realized and unrealized gain (loss) | 2.47 | (8.30) | 3.48 | 2.26 | 2.71 | (3.52) | ||||||
Total from investment operations | 2.68 | (7.82) | 3.95 | 2.61 | 3.28 | (3.07) | ||||||
Distributions from net investment income | (.37) | (.68) | (.33) | (.50) | (.41) | (.39) | ||||||
Distributions from net realized gain | - | (2.01) | (.41) | (.02) | (1.14) | (.23) | ||||||
Total distributions | (.37) | (2.70) D | (.75) D | (.51) D | (1.55) | (.62) | ||||||
Net asset value, end of period | $ | 16.48 | $ | 14.17 | $ | 24.69 | $ | 21.49 | $ | 19.39 | $ | 17.66 |
Total Return E,F | 19.03% | (35.33)% | 18.44% | 13.66% | 20.13% | (14.82)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .03% I | .03% | .03% | .04% | .04% | .05% | ||||||
Expenses net of fee waivers, if any | .01% I | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% I | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 2.58% I | 2.64% | 1.82% | 1.78% | 3.12% C | 2.16% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 22,668,619 | $ | 22,330,277 | $ | 29,188,538 | $ | 26,829,783 | $ | 18,675,048 | $ | 13,597,809 |
Portfolio turnover rate J | 41% I | 37% | 69% | 42% K | 54% | 64% |
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 6.1 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 5.6 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 4.9 | |
Linde PLC (United States of America, Chemicals) | 3.7 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.1 | |
Safran SA (France, Aerospace & Defense) | 2.9 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 2.8 | |
Marsh & McLennan Companies, Inc. (United States of America, Insurance) | 2.8 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.6 | |
37.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 26.6 | |
Financials | 17.5 | |
Information Technology | 15.5 | |
Consumer Discretionary | 13.6 | |
Health Care | 8.8 | |
Materials | 7.5 | |
Consumer Staples | 5.4 | |
Communication Services | 1.5 | |
Energy | 0.8 | |
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 - 97.1% | |||
Shares | Value ($) | ||
Belgium - 0.4% | |||
Azelis Group NV | 2,117,369 | 50,162,271 | |
Canada - 3.3% | |||
CAE, Inc. (a) | 3,768,300 | 84,803,090 | |
Canadian Pacific Kansas City Ltd. | 3,176,840 | 250,423,672 | |
Franco-Nevada Corp. | 778,228 | 118,085,480 | |
TOTAL CANADA | 453,312,242 | ||
Denmark - 3.8% | |||
Novo Nordisk A/S Series B | 2,553,200 | 424,736,308 | |
Vestas Wind Systems A/S | 3,815,300 | 105,571,621 | |
TOTAL DENMARK | 530,307,929 | ||
Finland - 0.6% | |||
Kone OYJ (B Shares) | 1,478,100 | 84,204,741 | |
France - 15.1% | |||
Adevinta ASA Class B (a) | 4,185,302 | 32,203,543 | |
Airbus Group NV (b) | 2,463,100 | 344,919,283 | |
Edenred SA | 3,114,536 | 202,207,973 | |
Lectra | 1,054,888 | 34,290,242 | |
Legrand SA | 2,378,344 | 224,593,754 | |
LVMH Moet Hennessy Louis Vuitton SE (b) | 879,196 | 845,682,220 | |
Safran SA | 2,582,100 | 401,567,591 | |
TOTAL FRANCE | 2,085,464,606 | ||
Germany - 1.7% | |||
Deutsche Borse AG | 1,114,045 | 212,458,015 | |
Vonovia SE (b) | 1,327,462 | 28,790,680 | |
TOTAL GERMANY | 241,248,695 | ||
Hong Kong - 2.6% | |||
AIA Group Ltd. | 32,939,501 | 358,614,842 | |
India - 1.8% | |||
Housing Development Finance Corp. Ltd. | 3,632,200 | 123,886,370 | |
Kotak Mahindra Bank Ltd. | 2,608,100 | 62,138,440 | |
Reliance Industries Ltd. | 1,075,000 | 31,958,129 | |
Reliance Industries Ltd. GDR (c) | 505,800 | 30,145,680 | |
TOTAL INDIA | 248,128,619 | ||
Ireland - 1.8% | |||
CRH PLC sponsored ADR | 5,058,440 | 245,334,340 | |
Israel - 1.3% | |||
NICE Ltd. sponsored ADR (a)(b) | 859,554 | 175,357,612 | |
Italy - 1.6% | |||
Interpump Group SpA | 1,713,520 | 95,312,686 | |
Prada SpA | 16,335,900 | 120,275,997 | |
TOTAL ITALY | 215,588,683 | ||
Japan - 11.2% | |||
Azbil Corp. | 4,869,705 | 136,189,894 | |
FANUC Corp. | 2,809,575 | 94,882,758 | |
Hoya Corp. | 1,932,100 | 202,590,426 | |
Keyence Corp. | 946,287 | 426,734,083 | |
Lasertec Corp. | 777,200 | 105,734,975 | |
Misumi Group, Inc. | 6,777,406 | 170,975,026 | |
OSG Corp. | 2,187,246 | 30,725,792 | |
Recruit Holdings Co. Ltd. | 7,681,405 | 215,491,119 | |
SHO-BOND Holdings Co. Ltd. | 2,070,100 | 88,467,693 | |
USS Co. Ltd. | 3,848,100 | 64,663,443 | |
TOTAL JAPAN | 1,536,455,209 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 269,131,800 | 32,652,020 | |
Netherlands - 6.6% | |||
Aalberts Industries NV | 682,400 | 31,415,909 | |
ASML Holding NV (Netherlands) | 1,222,646 | 772,638,484 | |
IMCD NV | 695,554 | 104,387,896 | |
TOTAL NETHERLANDS | 908,442,289 | ||
Norway - 0.3% | |||
Schibsted ASA (B Shares) | 2,487,454 | 40,286,436 | |
South Africa - 0.2% | |||
Clicks Group Ltd. | 1,833,522 | 26,796,434 | |
Spain - 2.3% | |||
Amadeus IT Holding SA Class A (a) | 4,452,164 | 312,920,476 | |
Sweden - 6.7% | |||
ASSA ABLOY AB (B Shares) (b) | 8,478,401 | 201,645,239 | |
Atlas Copco AB (A Shares) (b) | 27,121,944 | 391,686,038 | |
Autoliv, Inc. | 1,237,534 | 106,192,793 | |
Epiroc AB (A Shares) | 10,438,736 | 209,119,971 | |
Lagercrantz Group AB (B Shares) | 1,525,400 | 19,604,753 | |
TOTAL SWEDEN | 928,248,794 | ||
Switzerland - 1.0% | |||
Schindler Holding AG: | |||
(participation certificate) | 205,741 | 45,735,567 | |
(Reg.) | 152,992 | 32,503,419 | |
UBS Group AG | 2,667,780 | 53,916,704 | |
TOTAL SWITZERLAND | 132,155,690 | ||
Taiwan - 1.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 14,356,885 | 234,938,207 | |
United Kingdom - 5.8% | |||
BAE Systems PLC | 10,644,900 | 135,615,855 | |
Compass Group PLC | 10,896,000 | 287,446,944 | |
Dechra Pharmaceuticals PLC | 707,900 | 33,184,069 | |
InterContinental Hotel Group PLC ADR | 1,872,230 | 129,708,094 | |
Rightmove PLC | 8,998,992 | 64,939,053 | |
Spectris PLC | 3,076,386 | 145,332,267 | |
TOTAL UNITED KINGDOM | 796,226,282 | ||
United States of America - 27.1% | |||
Experian PLC | 5,982,189 | 211,798,701 | |
Lam Research Corp. | 143,713 | 75,317,109 | |
Linde PLC | 1,396,701 | 516,011,184 | |
Marsh & McLennan Companies, Inc. | 2,114,531 | 381,017,341 | |
MasterCard, Inc. Class A | 628,731 | 238,936,642 | |
Moody's Corp. | 618,359 | 193,620,570 | |
MSCI, Inc. | 471,227 | 227,343,466 | |
Nestle SA (Reg. S) | 5,215,220 | 669,058,353 | |
NOV, Inc. | 3,128,100 | 52,395,675 | |
Otis Worldwide Corp. | 971,400 | 82,860,420 | |
PriceSmart, Inc. | 571,127 | 42,080,637 | |
ResMed, Inc. | 1,238,818 | 298,505,585 | |
Roche Holding AG (participation certificate) | 793,944 | 248,615,789 | |
S&P Global, Inc. | 507,880 | 184,147,130 | |
Sherwin-Williams Co. | 625,341 | 148,543,501 | |
Visa, Inc. Class A | 697,970 | 162,438,558 | |
TOTAL UNITED STATES OF AMERICA | 3,732,690,661 | ||
TOTAL COMMON STOCKS (Cost $8,290,016,536) | 13,369,537,078 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
China - 0.3% | |||
ByteDance Ltd. Series E1 (a)(d)(e) (Cost $18,859,141) | 172,113 | 34,250,487 | |
Money Market Funds - 7.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 198,601,976 | 198,641,697 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 892,574,721 | 892,663,978 | |
TOTAL MONEY MARKET FUNDS (Cost $1,091,305,675) | 1,091,305,675 | ||
TOTAL INVESTMENT IN SECURITIES - 105.3% (Cost $9,400,181,352) | 14,495,093,240 |
NET OTHER ASSETS (LIABILITIES) - (5.3)% | (730,005,855) |
NET ASSETS - 100.0% | 13,765,087,385 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $30,145,680 or 0.2% of net assets. |
(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 $34,250,487 or 0.2% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 18,859,141 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 350,149,852 | 1,234,969,138 | 1,386,477,293 | 4,333,692 | - | - | 198,641,697 | 0.5% |
Fidelity Securities Lending Cash Central Fund 4.88% | 459,204,500 | 2,283,178,367 | 1,849,718,889 | 634,750 | - | - | 892,663,978 | 2.7% |
Total | 809,354,352 | 3,518,147,505 | 3,236,196,182 | 4,968,442 | - | - | 1,091,305,675 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 204,331,539 | 170,081,052 | - | 34,250,487 |
Consumer Discretionary | 1,866,889,967 | 235,900,887 | 1,630,989,080 | - |
Consumer Staples | 737,935,424 | 68,877,071 | 669,058,353 | - |
Energy | 114,499,484 | 82,541,355 | 31,958,129 | - |
Financials | 2,400,726,051 | 1,643,628,384 | 757,097,667 | - |
Health Care | 1,207,632,177 | 331,689,654 | 875,942,523 | - |
Industrials | 3,688,870,112 | 1,679,734,702 | 2,009,135,410 | - |
Information Technology | 2,126,137,626 | 1,222,540,467 | 903,597,159 | - |
Materials | 1,027,974,505 | 1,027,974,505 | - | - |
Real Estate | 28,790,680 | - | 28,790,680 | - |
Money Market Funds | 1,091,305,675 | 1,091,305,675 | - | - |
Total Investments in Securities: | 14,495,093,240 | 7,554,273,752 | 6,906,569,001 | 34,250,487 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $853,173,765) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $8,308,875,677) | $ | 13,403,787,565 | ||
Fidelity Central Funds (cost $1,091,305,675) | 1,091,305,675 | |||
Total Investment in Securities (cost $9,400,181,352) | $ | 14,495,093,240 | ||
Foreign currency held at value (cost $12,231,771) | 12,174,576 | |||
Receivable for investments sold | 24,547,554 | |||
Receivable for fund shares sold | 71,200,509 | |||
Dividends receivable | 31,829,545 | |||
Reclaims receivable | 31,220,055 | |||
Interest receivable | 10,973 | |||
Distributions receivable from Fidelity Central Funds | 567,725 | |||
Other receivables | 28,191 | |||
Total assets | 14,666,672,368 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 4,985,790 | ||
Other payables and accrued expenses | 3,935,215 | |||
Collateral on securities loaned | 892,663,978 | |||
Total Liabilities | 901,584,983 | |||
Net Assets | $ | 13,765,087,385 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 8,715,595,221 | ||
Total accumulated earnings (loss) | 5,049,492,164 | |||
Net Assets | $ | 13,765,087,385 | ||
Net Asset Value , offering price and redemption price per share ($13,765,087,385 ÷ 856,993,498 shares) | $ | 16.06 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 112,122,311 | ||
Foreign Tax Reclaims | 6,509,287 | |||
Interest | 11,508 | |||
Income from Fidelity Central Funds (including $634,750 from security lending) | 4,968,442 | |||
Income before foreign taxes withheld | $ | 123,611,548 | ||
Less foreign taxes withheld | (18,217,728) | |||
Total Income | 105,393,820 | |||
Expenses | ||||
Custodian fees and expenses | $ | 571,954 | ||
Independent trustees' fees and expenses | 42,005 | |||
Interest | 20,320 | |||
Total expenses before reductions | 634,279 | |||
Expense reductions | (445) | |||
Total expenses after reductions | 633,834 | |||
Net Investment income (loss) | 104,759,986 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (171,498,828) | |||
Redemptions in-kind | 105,980,569 | |||
Foreign currency transactions | 238,374 | |||
Total net realized gain (loss) | (65,279,885) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $894,469) | 2,457,644,965 | |||
Assets and liabilities in foreign currencies | 2,729,349 | |||
Total change in net unrealized appreciation (depreciation) | 2,460,374,314 | |||
Net gain (loss) | 2,395,094,429 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,499,854,415 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 104,759,986 | $ | 182,935,807 |
Net realized gain (loss) | (65,279,885) | 316,466,877 | ||
Change in net unrealized appreciation (depreciation) | 2,460,374,314 | (4,983,117,038) | ||
Net increase (decrease) in net assets resulting from operations | 2,499,854,415 | (4,483,714,354) | ||
Distributions to shareholders | (434,836,481) | (1,228,456,975) | ||
Share transactions | ||||
Proceeds from sales of shares | 969,017,193 | 3,357,019,808 | ||
Reinvestment of distributions | 434,836,481 | 1,228,456,975 | ||
Cost of shares redeemed | (2,095,954,757) | (1,948,259,376) | ||
Net increase (decrease) in net assets resulting from share transactions | (692,101,083) | 2,637,217,407 | ||
Total increase (decrease) in net assets | 1,372,916,851 | (3,074,953,922) | ||
Net Assets | ||||
Beginning of period | 12,392,170,534 | 15,467,124,456 | ||
End of period | $ | 13,765,087,385 | $ | 12,392,170,534 |
Other Information | ||||
Shares | ||||
Sold | 63,555,986 | 205,948,049 | ||
Issued in reinvestment of distributions | 29,420,601 | 65,032,132 | ||
Redeemed | (136,969,889) | (124,061,175) | ||
Net increase (decrease) | (43,993,302) | 146,919,006 | ||
Fidelity® Series International Growth Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.75 | $ | 20.51 | $ | 18.01 | $ | 17.07 | $ | 14.96 | $ | 16.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .21 | .20 | .20 | .37 C | .30 | ||||||
Net realized and unrealized gain (loss) | 2.69 | (5.38) | 5.19 | 1.38 | 2.74 | (1.05) | ||||||
Total from investment operations | 2.81 | (5.17) | 5.39 | 1.58 | 3.11 | (.75) | ||||||
Distributions from net investment income | (.20) | (.28) | (.24) | (.37) | (.28) | (.24) | ||||||
Distributions from net realized gain | (.30) | (1.31) | (2.65) | (.27) | (.72) | (.27) | ||||||
Total distributions | (.50) | (1.59) | (2.89) | (.64) | (1.00) | (.51) | ||||||
Net asset value, end of period | $ | 16.06 | $ | 13.75 | $ | 20.51 | $ | 18.01 | $ | 17.07 | $ | 14.96 |
Total Return D,E | 20.78% | (27.31)% | 33.10% | 9.39% | 22.58% | (4.82)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | -% I | ||||||
Net investment income (loss) | 1.58% H | 1.32% | 1.06% | 1.18% | 2.38% C | 1.84% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 13,765,087 | $ | 12,392,171 | $ | 15,467,124 | $ | 11,557,995 | $ | 16,501,791 | $ | 14,113,600 |
Portfolio turnover rate J | 11% H,K | 22% K | 24% | 16% K | 24% | 33% |
Top Holdings (% of Fund's net assets) | ||
Lagercrantz Group AB (B Shares) (Sweden, Electronic Equipment, Instruments & Components) | 3.4 | |
Spectris PLC (United Kingdom, Electronic Equipment, Instruments & Components) | 3.4 | |
AddTech AB (B Shares) (Sweden, Trading Companies & Distributors) | 3.3 | |
Aalberts Industries NV (Netherlands, Machinery) | 2.7 | |
Azbil Corp. (Japan, Electronic Equipment, Instruments & Components) | 2.5 | |
Interpump Group SpA (Italy, Machinery) | 2.4 | |
CTS Eventim AG (Germany, Entertainment) | 2.2 | |
SHO-BOND Holdings Co. Ltd. (Japan, Construction & Engineering) | 1.5 | |
Kongsberg Gruppen ASA (Norway, Aerospace & Defense) | 1.5 | |
OBIC Co. Ltd. (Japan, IT Services) | 1.4 | |
24.3 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 31.1 | |
Information Technology | 17.9 | |
Consumer Discretionary | 10.6 | |
Health Care | 8.3 | |
Communication Services | 6.8 | |
Financials | 6.0 | |
Consumer Staples | 5.5 | |
Materials | 4.3 | |
Real Estate | 2.9 | |
Energy | 2.0 | |
Utilities | 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 - 95.6% | |||
Shares | Value ($) | ||
Australia - 1.1% | |||
EBOS Group Ltd. | 100,000 | 2,744,301 | |
Imdex Ltd. | 10,644,033 | 14,708,318 | |
Steadfast Group Ltd. | 6,116,015 | 24,111,829 | |
TOTAL AUSTRALIA | 41,564,448 | ||
Austria - 0.2% | |||
Mayr-Melnhof Karton AG | 24,700 | 3,935,568 | |
Wienerberger AG | 110,000 | 3,309,006 | |
TOTAL AUSTRIA | 7,244,574 | ||
Belgium - 1.7% | |||
Azelis Group NV | 823,072 | 19,499,275 | |
Fagron NV | 522,500 | 9,707,023 | |
Galapagos NV (a) | 85,000 | 3,297,941 | |
KBC Ancora | 677,579 | 32,597,617 | |
TOTAL BELGIUM | 65,101,856 | ||
Brazil - 0.2% | |||
LOG Commercial Properties e Participacoes SA | 1,200,000 | 3,943,221 | |
Orizon Valorizacao de Residuos SA (a) | 325,000 | 2,215,406 | |
Pet Center Comercio e Participacoes SA | 1,400,000 | 1,731,826 | |
TOTAL BRAZIL | 7,890,453 | ||
Canada - 3.2% | |||
CAE, Inc. (a) | 1,100,500 | 24,766,022 | |
Cameco Corp. | 135,000 | 3,711,150 | |
Cogeco Communications, Inc. (b) | 70,000 | 3,392,405 | |
ECN Capital Corp. | 982,650 | 2,291,895 | |
Lumine Group, Inc. | 364,900 | 4,915,249 | |
McCoy Global, Inc. (a) | 1,106,750 | 1,257,995 | |
MTY Food Group, Inc. | 93,600 | 4,063,588 | |
North West Co., Inc. | 130,000 | 3,813,116 | |
Onex Corp. (sub. vtg.) | 90,000 | 4,144,444 | |
Osisko Gold Royalties Ltd. | 874,700 | 14,216,256 | |
Parkland Corp. | 182,500 | 4,303,705 | |
Pason Systems, Inc. | 1,235,700 | 10,762,269 | |
Real Matters, Inc. (a)(b) | 950,000 | 3,562,018 | |
Richelieu Hardware Ltd. | 1,238,420 | 37,238,979 | |
Total Energy Services, Inc. | 323,400 | 1,911,971 | |
TOTAL CANADA | 124,351,062 | ||
China - 0.5% | |||
Chlitina Holding Ltd. | 2,142,000 | 15,277,988 | |
Kindstar Globalgene Technology, Inc. (a)(c) | 2,888,000 | 652,796 | |
SITC International Holdings Co. Ltd. | 850,000 | 1,572,230 | |
TOTAL CHINA | 17,503,014 | ||
Denmark - 0.5% | |||
Spar Nord Bank A/S | 1,292,340 | 20,957,898 | |
Egypt - 0.3% | |||
Energean PLC | 275,000 | 4,278,605 | |
Integrated Diagnostics Holdings PLC (c) | 16,028,734 | 7,228,959 | |
TOTAL EGYPT | 11,507,564 | ||
Finland - 0.7% | |||
Huhtamaki Oyj | 115,489 | 4,153,679 | |
Musti Group OYJ | 908,878 | 18,818,047 | |
Nanoform Finland PLC (a) | 450,000 | 1,110,715 | |
Olvi Oyj (A Shares) | 74,900 | 2,442,956 | |
TOTAL FINLAND | 26,525,397 | ||
France - 3.9% | |||
Altarea SCA | 21,100 | 2,762,111 | |
ARGAN SA | 87,404 | 6,818,781 | |
Elis SA | 340,000 | 6,743,628 | |
Exail Technologies SA (a) | 114,000 | 2,379,178 | |
Exclusive Networks SA | 450,000 | 9,718,758 | |
Laurent-Perrier Group SA | 117,531 | 15,929,411 | |
Lectra | 1,059,745 | 34,448,124 | |
LISI | 861,095 | 24,385,203 | |
Maisons du Monde SA (c) | 270,700 | 2,848,615 | |
Stef SA | 65,000 | 7,534,792 | |
Teleperformance | 14,000 | 2,789,129 | |
Thermador Groupe SA | 33,900 | 3,511,315 | |
Vallourec SA (a) | 250,000 | 2,847,034 | |
Vetoquinol SA | 295,648 | 28,961,356 | |
TOTAL FRANCE | 151,677,435 | ||
Germany - 5.8% | |||
CTS Eventim AG | 1,306,770 | 85,819,820 | |
DIC Asset AG (b) | 163,800 | 1,243,585 | |
DIC Asset AG rights (a) | 163,800 | 135,368 | |
Gerresheimer AG | 61,000 | 6,634,209 | |
Instone Real Estate Group BV (c) | 400,000 | 3,195,510 | |
Nexus AG | 618,016 | 35,411,575 | |
NORMA Group AG | 98,900 | 2,345,205 | |
Rheinmetall AG | 138,100 | 40,401,769 | |
Scout24 AG (c) | 330,500 | 20,576,054 | |
Stabilus Se | 398,800 | 26,014,713 | |
Talanx AG | 75,200 | 3,775,233 | |
TOTAL GERMANY | 225,553,041 | ||
Greece - 0.1% | |||
Mytilineos SA | 187,700 | 5,439,540 | |
Hong Kong - 0.2% | |||
Cadeler A/S (a) | 950,000 | 4,139,795 | |
HKBN Ltd. | 4,000,000 | 2,822,611 | |
TOTAL HONG KONG | 6,962,406 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 352,100 | 8,496,952 | |
India - 0.8% | |||
Embassy Office Parks (REIT) | 3,892,602 | 15,709,383 | |
Indian Energy Exchange Ltd. (a)(c) | 7,267,508 | 13,975,218 | |
One97 Communications Ltd. (a) | 350,000 | 2,809,464 | |
TOTAL INDIA | 32,494,065 | ||
Indonesia - 0.2% | |||
PT Selamat Sempurna Tbk | 54,385,260 | 5,767,030 | |
Ireland - 1.6% | |||
AerCap Holdings NV (a) | 416,000 | 23,445,760 | |
Cairn Homes PLC | 11,532,634 | 13,131,236 | |
Cairn Homes PLC | 5,500,000 | 6,205,901 | |
Greencore Group PLC (a) | 2,750,000 | 2,963,574 | |
Irish Residential Properties REIT PLC | 10,632,916 | 12,091,335 | |
Mincon Group PLC | 4,037,729 | 4,315,698 | |
TOTAL IRELAND | 62,153,504 | ||
Israel - 1.0% | |||
Ituran Location & Control Ltd. | 968,735 | 20,149,688 | |
Maytronics Ltd. | 1,003,771 | 10,484,786 | |
Tel Aviv Stock Exchange Ltd. | 1,742,857 | 8,024,341 | |
TOTAL ISRAEL | 38,658,815 | ||
Italy - 2.9% | |||
Banca Generali SpA | 140,000 | 4,641,864 | |
BFF Bank SpA (c) | 525,000 | 5,044,498 | |
Coca-Cola HBC AG | 125,000 | 3,807,953 | |
Intercos SpA | 269,000 | 4,872,998 | |
Interpump Group SpA | 1,633,037 | 90,835,906 | |
MARR SpA | 131,400 | 2,056,013 | |
TOTAL ITALY | 111,259,232 | ||
Japan - 29.6% | |||
ABC-MART, Inc. | 68,300 | 3,881,404 | |
Ai Holdings Corp. | 416,292 | 7,287,996 | |
Aoki Super Co. Ltd. | 309,187 | 5,483,309 | |
Arcland Sakamoto Co. Ltd. | 193,700 | 2,193,851 | |
Artnature, Inc. | 1,214,900 | 6,987,995 | |
As One Corp. | 62,000 | 2,626,601 | |
ASKUL Corp. | 470,000 | 6,263,604 | |
Aucnet, Inc. | 757,060 | 8,855,371 | |
Azbil Corp. | 3,466,390 | 96,943,714 | |
Bank of Kyoto Ltd. | 61,153 | 3,008,877 | |
BayCurrent Consulting, Inc. | 119,000 | 4,136,441 | |
Broadleaf Co. Ltd. (d) | 6,232,673 | 19,661,922 | |
Central Automotive Products Ltd. | 183,879 | 3,909,442 | |
CKD Corp. | 267,000 | 4,067,103 | |
Curves Holdings Co. Ltd. (d) | 5,387,359 | 31,409,088 | |
Daiichikosho Co. Ltd. | 2,031,428 | 36,419,882 | |
Daikokutenbussan Co. Ltd. | 179,300 | 7,178,389 | |
Dexerials Corp. | 90,000 | 1,712,752 | |
Digital Hearts Holdings Co. Ltd. (d) | 1,330,250 | 14,412,187 | |
Dip Corp. | 163,500 | 4,033,886 | |
Dowa Holdings Co. Ltd. | 90,000 | 2,940,343 | |
Elan Corp. | 173,200 | 1,297,015 | |
Fujitec Co. Ltd. | 475,300 | 12,661,628 | |
Funai Soken Holdings, Inc. | 1,121,757 | 21,503,610 | |
Goldcrest Co. Ltd. | 1,711,100 | 22,936,813 | |
i-mobile Co. Ltd. | 220,000 | 2,112,187 | |
Inaba Denki Sangyo Co. Ltd. | 396,300 | 8,851,746 | |
Invincible Investment Corp. | 7,000 | 3,022,302 | |
Iwatani Corp. | 85,000 | 4,024,138 | |
Iwatsuka Confectionary Co. Ltd. | 105,800 | 3,751,949 | |
JINS Holdings, Inc. | 123,200 | 2,653,074 | |
JTOWER, Inc. (a) | 225,000 | 9,703,457 | |
Justsystems Corp. | 100,000 | 2,642,500 | |
Kamigumi Co. Ltd. | 445,800 | 9,770,091 | |
Kansai Electric Power Co., Inc. | 660,000 | 7,124,512 | |
Katitas Co. Ltd. | 118,700 | 2,318,080 | |
Kobayashi Pharmaceutical Co. Ltd. | 416,800 | 26,009,164 | |
Kobe Bussan Co. Ltd. | 82,300 | 2,301,800 | |
Koshidaka Holdings Co. Ltd. (d) | 4,497,659 | 38,076,995 | |
Kusuri No Aoki Holdings Co. Ltd. | 255,658 | 12,267,488 | |
Kyoritsu Maintenance Co. Ltd. | 107,700 | 4,347,432 | |
Lasertec Corp. | 194,360 | 26,441,907 | |
M&A Capital Partners Co. Ltd. (a) | 120,000 | 3,390,005 | |
Maeda Kosen Co. Ltd. | 167,300 | 4,003,167 | |
Maruwa Ceramic Co. Ltd. | 59,600 | 7,600,488 | |
MCJ Co. Ltd. | 680,000 | 4,703,170 | |
Medikit Co. Ltd. | 695,300 | 12,067,137 | |
Meitec Corp. | 201,000 | 3,396,491 | |
Miroku Jyoho Service Co., Ltd. (b) | 643,891 | 8,042,835 | |
Misumi Group, Inc. | 1,548,865 | 39,073,538 | |
Mitsuboshi Belting Ltd. | 292,952 | 8,392,989 | |
Miura Co. Ltd. | 147,900 | 3,939,652 | |
Nagaileben Co. Ltd. | 1,513,000 | 23,535,723 | |
Net One Systems Co. Ltd. | 409,400 | 9,652,986 | |
Nihon Parkerizing Co. Ltd. | 5,700,468 | 44,618,519 | |
Nippon Concept Corp. | 135,000 | 1,609,675 | |
Nitto Kohki Co. Ltd. | 270,000 | 3,992,207 | |
NOF Corp. | 232,800 | 10,636,972 | |
NS Tool Co. Ltd. (d) | 1,434,000 | 11,954,995 | |
NSD Co. Ltd. | 1,373,780 | 25,272,585 | |
OBIC Co. Ltd. | 359,600 | 55,405,447 | |
OSG Corp. | 2,120,875 | 29,793,431 | |
PALTAC Corp. | 135,000 | 5,179,532 | |
Paramount Bed Holdings Co. Ltd. | 616,612 | 10,934,255 | |
Pilot Corp. | 115,900 | 3,862,624 | |
ProNexus, Inc. | 1,319,577 | 9,693,400 | |
Qol Holdings Co. Ltd. | 240,000 | 2,200,217 | |
Raccoon Holdings, Inc. (b) | 220,000 | 1,181,967 | |
Relo Group, Inc. | 273,600 | 4,253,492 | |
Renesas Electronics Corp. (a) | 281,200 | 3,664,725 | |
Roland Corp. | 100,000 | 2,997,588 | |
San-Ai Obbli Co. Ltd. | 1,576,710 | 16,612,271 | |
Sekisui Jushi Corp. | 175,000 | 2,811,001 | |
SHO-BOND Holdings Co. Ltd. | 1,372,000 | 58,633,725 | |
Shoei Co. Ltd. | 1,705,000 | 31,629,615 | |
SK Kaken Co. Ltd. | 97,904 | 31,131,093 | |
Software Service, Inc. | 181,500 | 11,631,307 | |
Sumco Corp. | 471,400 | 6,491,959 | |
SWCC Showa Holdings Co. Ltd. | 293,500 | 3,812,125 | |
Techno Medica Co. Ltd. | 283,000 | 3,732,780 | |
The Monogatari Corp. | 735,288 | 15,455,546 | |
TIS, Inc. | 952,836 | 26,164,614 | |
Tocalo Co. Ltd. | 1,515,849 | 14,235,652 | |
Toyo Suisan Kaisha Ltd. | 105,000 | 4,687,930 | |
Tsuruha Holdings, Inc. | 133,635 | 8,752,523 | |
USS Co. Ltd. | 1,868,300 | 31,394,899 | |
Vector, Inc. | 200,000 | 1,891,340 | |
YAKUODO Holdings Co. Ltd. | 740,300 | 13,532,113 | |
Yamato Holdings Co. Ltd. | 215,000 | 3,693,181 | |
Zuken, Inc. | 98,600 | 2,503,392 | |
TOTAL JAPAN | 1,141,078,923 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 10,459,846 | 1,269,025 | |
Korea (South) - 0.6% | |||
BGF Retail Co. Ltd. | 110,318 | 15,396,945 | |
Hansol Chemical Co. Ltd. | 18,660 | 3,111,515 | |
Soulbrain Co. Ltd. | 20,000 | 3,292,229 | |
TOTAL KOREA (SOUTH) | 21,800,689 | ||
Luxembourg - 0.1% | |||
Novem Group SA | 255,000 | 2,764,887 | |
Mexico - 0.1% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 1,173,400 | 2,594,213 | |
Netherlands - 4.9% | |||
Aalberts Industries NV | 2,235,235 | 102,904,367 | |
BE Semiconductor Industries NV (b) | 284,000 | 25,454,507 | |
IMCD NV | 310,129 | 46,543,782 | |
TKH Group NV (bearer) (depositary receipt) | 87,800 | 4,239,446 | |
Van Lanschot Kempen NV (Bearer) | 305,761 | 9,282,092 | |
TOTAL NETHERLANDS | 188,424,194 | ||
Norway - 2.6% | |||
Europris ASA (c) | 1,314,800 | 9,407,247 | |
Kongsberg Gruppen ASA | 1,266,008 | 56,760,419 | |
Medistim ASA | 433,545 | 10,699,240 | |
Selvaag Bolig ASA | 840,200 | 2,869,770 | |
Sparebanken Midt-Norge | 721,800 | 9,333,168 | |
TGS ASA | 310,000 | 4,851,999 | |
Volue A/S (a) | 3,597,000 | 6,075,415 | |
TOTAL NORWAY | 99,997,258 | ||
Philippines - 0.0% | |||
Robinsons Land Corp. | 5,000,000 | 1,302,282 | |
Singapore - 0.1% | |||
Boustead Singapore Ltd. | 9,000,000 | 5,433,905 | |
South Africa - 0.4% | |||
Clicks Group Ltd. | 926,731 | 13,543,926 | |
Spain - 0.9% | |||
Cie Automotive SA | 248,200 | 7,471,790 | |
Compania de Distribucion Integral Logista Holdings SA | 457,000 | 12,417,994 | |
Fluidra SA | 759,020 | 12,988,735 | |
Grupo Catalana Occidente SA | 40,000 | 1,291,427 | |
TOTAL SPAIN | 34,169,946 | ||
Sweden - 11.3% | |||
AAK AB | 246,700 | 4,965,249 | |
Addlife AB | 1,775,624 | 20,985,332 | |
AddTech AB (B Shares) | 6,461,065 | 129,157,666 | |
Alligo AB (B Shares) | 650,000 | 7,251,062 | |
Arjo AB | 370,000 | 1,636,579 | |
Autoliv, Inc. (b) | 433,900 | 37,232,959 | |
Bergman & Beving AB (B Shares) | 725,105 | 10,181,825 | |
Betsson AB (B Shares) | 590,000 | 6,368,862 | |
BHG Group AB (a)(b) | 1,203,200 | 1,365,693 | |
Dometic Group AB (b)(c) | 391,200 | 2,795,417 | |
Hemnet Group AB (b) | 2,020,100 | 33,093,627 | |
HEXPOL AB (B Shares) | 375,500 | 4,419,564 | |
INVISIO AB | 1,223,434 | 25,112,784 | |
JM AB (B Shares) | 125,000 | 2,002,672 | |
John Mattson Fastighetsforetag (a) | 1,057,353 | 7,299,876 | |
Lagercrantz Group AB (B Shares) | 10,360,623 | 133,156,844 | |
MIPS AB | 36,600 | 1,972,215 | |
Teqnion AB | 431,829 | 7,520,652 | |
TOTAL SWEDEN | 436,518,878 | ||
Switzerland - 1.5% | |||
Kardex AG | 14,990 | 3,395,956 | |
Tecan Group AG | 111,285 | 48,281,393 | |
VZ Holding AG | 81,662 | 7,582,867 | |
TOTAL SWITZERLAND | 59,260,216 | ||
Taiwan - 0.5% | |||
Addcn Technology Co. Ltd. | 2,058,764 | 13,610,459 | |
International Games Systems Co. Ltd. | 248,000 | 4,328,155 | |
TOTAL TAIWAN | 17,938,614 | ||
United Kingdom - 14.7% | |||
Allfunds Group PLC | 350,000 | 2,312,062 | |
Alliance Pharma PLC | 2,244,435 | 1,796,782 | |
B&M European Value Retail SA | 1,921,031 | 11,581,185 | |
Baltic Classifieds Group PLC | 3,487,200 | 7,117,243 | |
Beazley PLC | 850,000 | 6,361,354 | |
Bodycote PLC | 5,348,808 | 46,416,200 | |
Clarkson PLC | 778,734 | 30,338,893 | |
Close Brothers Group PLC | 1,429 | 16,307 | |
DCC PLC (United Kingdom) | 94,000 | 5,840,570 | |
Dechra Pharmaceuticals PLC | 780,413 | 36,583,245 | |
Deliveroo PLC Class A (a)(c) | 2,000,000 | 2,749,769 | |
Direct Line Insurance Group PLC | 2,250,000 | 4,853,726 | |
Domino's Pizza UK & IRL PLC | 1,209,100 | 4,470,476 | |
Dowlais Group PLC | 2,500,000 | 4,166,126 | |
DP Poland PLC (a) | 32,210,430 | 3,825,403 | |
Dr. Martens Ltd. | 1,150,000 | 2,400,581 | |
Endava PLC ADR (a) | 53,000 | 3,051,210 | |
Games Workshop Group PLC | 26,000 | 3,241,410 | |
Genuit Group PLC | 900,000 | 3,398,880 | |
Grainger Trust PLC | 2,156,700 | 7,009,179 | |
H&T Group PLC | 580,000 | 3,331,142 | |
Harbour Energy PLC | 875,800 | 2,721,936 | |
Hill & Smith Holdings PLC | 385,514 | 6,666,647 | |
Howden Joinery Group PLC | 3,987,682 | 34,308,862 | |
InterContinental Hotel Group PLC ADR | 205,000 | 14,202,400 | |
J.D. Wetherspoon PLC (a) | 633,500 | 5,676,558 | |
Jet2 PLC | 130,000 | 2,003,008 | |
John Wood Group PLC (a) | 1,550,000 | 4,390,707 | |
Lancashire Holdings Ltd. | 1,561,924 | 12,023,056 | |
Londonmetric Properity PLC | 1,000,000 | 2,420,501 | |
LSL Property Services PLC | 694,900 | 2,366,685 | |
Mears Group PLC | 1,234,708 | 3,437,058 | |
Mitie Group PLC | 2,200,000 | 2,543,662 | |
On The Beach Group PLC (a)(c) | 2,387,000 | 3,959,818 | |
Petershill Partners PLC (c) | 1,600,000 | 3,354,014 | |
Pets At Home Group PLC | 2,101,500 | 10,183,928 | |
Rightmove PLC | 5,469,570 | 39,469,831 | |
S4 Capital PLC (a) | 2,136,800 | 3,926,089 | |
Sabre Insurance Group PLC (c) | 5,661,270 | 8,993,109 | |
Softcat PLC | 280,945 | 4,720,648 | |
Spectris PLC | 2,802,228 | 132,380,705 | |
Spirax-Sarco Engineering PLC | 387,897 | 54,062,592 | |
Synthomer PLC | 5,181,700 | 7,788,473 | |
Tate & Lyle PLC | 929,800 | 9,523,488 | |
Ten Entertainment Group PLC | 887,600 | 3,000,672 | |
Vistry Group PLC | 300,000 | 2,950,221 | |
TOTAL UNITED KINGDOM | 567,936,411 | ||
United States of America - 3.2% | |||
Morningstar, Inc. | 231,100 | 41,207,441 | |
NOV, Inc. | 1,056,900 | 17,703,075 | |
PriceSmart, Inc. | 310,551 | 22,881,398 | |
Ramaco Resources, Inc. (b) | 220,000 | 1,788,600 | |
ResMed, Inc. | 166,300 | 40,071,648 | |
TOTAL UNITED STATES OF AMERICA | 123,652,162 | ||
TOTAL COMMON STOCKS (Cost $2,808,419,559) | 3,688,793,815 | ||
Money Market Funds - 4.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) | 149,509,468 | 149,539,370 | |
Fidelity Securities Lending Cash Central Fund 4.88% (e)(f) | 21,759,748 | 21,761,924 | |
TOTAL MONEY MARKET FUNDS (Cost $171,300,334) | 171,301,294 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $2,979,719,893) | 3,860,095,109 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | 754,489 |
NET ASSETS - 100.0% | 3,860,849,598 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $84,781,024 or 2.2% of net assets. |
(d) | Affiliated company |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 121,291,715 | 533,255,039 | 505,007,384 | 2,764,022 | - | - | 149,539,370 | 0.4% |
Fidelity Securities Lending Cash Central Fund 4.88% | 18,451,075 | 105,756,678 | 102,445,829 | 53,777 | - | - | 21,761,924 | 0.1% |
Total | 139,742,790 | 639,011,717 | 607,453,213 | 2,817,799 | - | - | 171,301,294 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Broadleaf Co. Ltd. | 21,927,817 | 815,563 | - | 40,486 | - | (3,081,458) | 19,661,922 |
Curves Holdings Co. Ltd. | 29,217,035 | 2,258,897 | - | 169,668 | - | (66,844) | 31,409,088 |
Digital Hearts Holdings Co. Ltd. | 18,366,423 | - | 69,148 | 94,778 | (17,568) | (3,867,520) | 14,412,187 |
Goldcrest Co. Ltd. | 20,638,219 | 1,026,768 | 1,611,736 | 497,326 | (1,404,296) | 4,287,858 | - |
Koshidaka Holdings Co. Ltd. | 26,779,211 | 9,714,010 | 2,853,047 | 133,716 | 95,100 | 4,341,721 | 38,076,995 |
NS Tool Co. Ltd. | 10,526,821 | 630,552 | - | 121,631 | - | 797,622 | 11,954,995 |
Total | 127,455,526 | 14,445,790 | 4,533,931 | 1,057,605 | (1,326,764) | 2,411,379 | 115,515,187 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 265,552,185 | 194,664,094 | 70,888,091 | - |
Consumer Discretionary | 396,270,726 | 201,074,288 | 195,196,438 | - |
Consumer Staples | 210,627,892 | 86,800,082 | 123,827,810 | - |
Energy | 79,376,855 | 58,740,446 | 20,636,409 | - |
Financials | 241,309,161 | 194,013,768 | 47,295,393 | - |
Health Care | 330,124,864 | 257,605,008 | 72,519,856 | - |
Industrials | 1,199,751,052 | 928,825,726 | 270,925,326 | - |
Information Technology | 692,676,327 | 374,071,148 | 318,605,179 | - |
Materials | 160,719,949 | 46,277,793 | 114,442,156 | - |
Real Estate | 105,260,292 | 55,582,572 | 49,677,720 | - |
Utilities | 7,124,512 | - | 7,124,512 | - |
Money Market Funds | 171,301,294 | 171,301,294 | - | - |
Total Investments in Securities: | 3,860,095,109 | 2,568,956,219 | 1,291,138,890 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $20,568,857) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,695,569,756) | $ | 3,573,278,628 | ||
Fidelity Central Funds (cost $171,300,334) | 171,301,294 | |||
Other affiliated issuers (cost $112,849,803) | 115,515,187 | |||
Total Investment in Securities (cost $2,979,719,893) | $ | 3,860,095,109 | ||
Cash | 359,579 | |||
Foreign currency held at value (cost $341,013) | 339,995 | |||
Receivable for investments sold | 8,407,584 | |||
Receivable for fund shares sold | 9,346,598 | |||
Dividends receivable | 15,408,188 | |||
Reclaims receivable | 4,302,417 | |||
Distributions receivable from Fidelity Central Funds | 621,243 | |||
Other receivables | 8,815 | |||
Total assets | 3,898,889,528 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 7,425,436 | ||
Delayed delivery | 135,368 | |||
Payable for fund shares redeemed | 7,580,155 | |||
Other payables and accrued expenses | 1,137,047 | |||
Collateral on securities loaned | 21,761,924 | |||
Total Liabilities | 38,039,930 | |||
Net Assets | $ | 3,860,849,598 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,952,485,307 | ||
Total accumulated earnings (loss) | 908,364,291 | |||
Net Assets | $ | 3,860,849,598 | ||
Net Asset Value , offering price and redemption price per share ($3,860,849,598 ÷ 237,308,429 shares) | $ | 16.27 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends (including $1,057,605 earned from affiliated issuers) | $ | 31,092,354 | ||
Income from Fidelity Central Funds (including $53,777 from security lending) | 2,817,799 | |||
Income before foreign taxes withheld | $ | 33,910,153 | ||
Less foreign taxes withheld | (5,441,102) | |||
Total Income | 28,469,051 | |||
Expenses | ||||
Custodian fees and expenses | $ | 150,095 | ||
Independent trustees' fees and expenses | 11,515 | |||
Total Expenses | 161,610 | |||
Net Investment income (loss) | 28,307,441 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 24,369,342 | |||
Affiliated issuers | (1,326,764) | |||
Foreign currency transactions | 401,762 | |||
Total net realized gain (loss) | 23,444,340 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $375,061) | 571,503,787 | |||
Affiliated issuers | 2,411,379 | |||
Assets and liabilities in foreign currencies | 525,072 | |||
Total change in net unrealized appreciation (depreciation) | 574,440,238 | |||
Net gain (loss) | 597,884,578 | |||
Net increase (decrease) in net assets resulting from operations | $ | 626,192,019 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 28,307,441 | $ | 78,778,239 |
Net realized gain (loss) | 23,444,340 | 170,598,372 | ||
Change in net unrealized appreciation (depreciation) | 574,440,238 | (1,772,210,175) | ||
Net increase (decrease) in net assets resulting from operations | 626,192,019 | (1,522,833,564) | ||
Distributions to shareholders | (211,666,578) | (562,935,286) | ||
Share transactions | ||||
Proceeds from sales of shares | 234,574,964 | 318,375,461 | ||
Reinvestment of distributions | 211,666,578 | 562,935,286 | ||
Cost of shares redeemed | (246,175,710) | (397,219,829) | ||
Net increase (decrease) in net assets resulting from share transactions | 200,065,832 | 484,090,918 | ||
Total increase (decrease) in net assets | 614,591,273 | (1,601,677,932) | ||
Net Assets | ||||
Beginning of period | 3,246,258,325 | 4,847,936,257 | ||
End of period | $ | 3,860,849,598 | $ | 3,246,258,325 |
Other Information | ||||
Shares | ||||
Sold | 14,923,236 | 18,537,989 | ||
Issued in reinvestment of distributions | 14,026,944 | 27,025,218 | ||
Redeemed | (15,787,882) | (22,410,759) | ||
Net increase (decrease) | 13,162,298 | 23,152,448 | ||
Fidelity® Series International Small Cap Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.48 | $ | 24.12 | $ | 17.55 | $ | 16.71 | $ | 16.43 | $ | 18.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .35 | .29 | .22 | .36 | .38 | ||||||
Net realized and unrealized gain (loss) | 2.62 | (7.16) | 6.45 | 1.36 | 1.47 | (.99) | ||||||
Total from investment operations | 2.74 | (6.81) | 6.74 | 1.58 | 1.83 | (.61) | ||||||
Distributions from net investment income | (.21) | (.47) | (.17) | (.36) | (.37) | (.29) | ||||||
Distributions from net realized gain | (.73) | (2.35) | - | (.38) | (1.18) | (.85) | ||||||
Total distributions | (.95) C | (2.83) C | (.17) | (.74) | (1.55) | (1.13) C | ||||||
Net asset value, end of period | $ | 16.27 | $ | 14.48 | $ | 24.12 | $ | 17.55 | $ | 16.71 | $ | 16.43 |
Total Return D,E | 19.41% | (31.82)% | 38.60% | 9.60% | 12.77% | (3.72)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 1.55% H | 2.03% | 1.34% | 1.36% | 2.28% | 2.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,860,850 | $ | 3,246,258 | $ | 4,847,936 | $ | 3,653,041 | $ | 3,498,064 | $ | 3,225,502 |
Portfolio turnover rate I | 28% H | 25% | 32% | 24% J | 23% | 14% |
Top Holdings (% of Fund's net assets) | ||
Shell PLC ADR (Netherlands, Oil, Gas & Consumable Fuels) | 4.0 | |
BHP Group Ltd. (Australia, Metals & Mining) | 3.6 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.6 | |
Toyota Motor Corp. (Japan, Automobiles) | 2.5 | |
Siemens AG (Germany, Industrial Conglomerates) | 2.4 | |
Sanofi SA (United States of America, Pharmaceuticals) | 2.1 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.1 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 2.0 | |
UBS Group AG (Switzerland, Capital Markets) | 2.0 | |
AXA SA (France, Insurance) | 2.0 | |
26.3 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 32.6 | |
Industrials | 15.7 | |
Materials | 13.7 | |
Energy | 11.9 | |
Consumer Discretionary | 8.0 | |
Health Care | 5.2 | |
Information Technology | 5.1 | |
Communication Services | 1.9 | |
Utilities | 1.5 | |
Real Estate | 0.9 | |
Consumer Staples | 0.6 | |
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 - 96.3% | |||
Shares | Value ($) | ||
Australia - 8.5% | |||
BHP Group Ltd. | 16,782,287 | 498,056,315 | |
Flutter Entertainment PLC (a) | 211,500 | 42,302,488 | |
Glencore PLC | 43,478,127 | 256,635,441 | |
Macquarie Group Ltd. | 1,451,038 | 177,014,777 | |
National Australia Bank Ltd. | 3,598,957 | 69,284,097 | |
Woodside Energy Group Ltd. | 5,529,722 | 125,471,226 | |
TOTAL AUSTRALIA | 1,168,764,344 | ||
Belgium - 1.5% | |||
KBC Group NV | 1,928,487 | 137,657,488 | |
UCB SA | 654,100 | 60,845,950 | |
TOTAL BELGIUM | 198,503,438 | ||
Canada - 0.5% | |||
Nutrien Ltd. | 1,041,700 | 72,265,847 | |
Denmark - 0.7% | |||
DSV A/S | 480,300 | 90,209,350 | |
Finland - 1.2% | |||
Sampo Oyj (A Shares) | 3,183,787 | 161,237,556 | |
France - 12.6% | |||
Air Liquide SA | 990,099 | 178,109,139 | |
Airbus Group NV (b) | 540,387 | 75,672,890 | |
ALTEN | 461,608 | 78,331,462 | |
AXA SA | 8,205,179 | 267,818,445 | |
BNP Paribas SA | 3,633,770 | 234,790,196 | |
Capgemini SA | 562,248 | 102,162,323 | |
Euroapi SASU | 146,370 | 1,757,201 | |
Teleperformance | 258,331 | 51,465,611 | |
TotalEnergies SE (b) | 7,715,792 | 493,038,670 | |
VINCI SA (b) | 1,092,829 | 135,109,924 | |
Vivendi SA (b) | 9,101,855 | 99,831,991 | |
TOTAL FRANCE | 1,718,087,852 | ||
Germany - 11.0% | |||
Bayer AG | 2,493,482 | 164,560,511 | |
Covestro AG (b)(c) | 1,701,300 | 74,636,785 | |
Deutsche Post AG | 3,061,607 | 147,262,064 | |
Hannover Reuck SE | 800,863 | 170,846,374 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 450,117 | 168,882,525 | |
Rheinmetall AG | 714,641 | 209,071,404 | |
RWE AG | 3,845,300 | 180,290,140 | |
Siemens AG | 2,027,407 | 334,182,036 | |
Vonovia SE (b) | 2,449,641 | 53,129,077 | |
TOTAL GERMANY | 1,502,860,916 | ||
Hong Kong - 2.1% | |||
AIA Group Ltd. | 10,428,247 | 113,533,115 | |
Prudential PLC | 11,254,800 | 172,210,149 | |
TOTAL HONG KONG | 285,743,264 | ||
India - 0.6% | |||
Reliance Industries Ltd. GDR (c) | 1,486,500 | 88,595,400 | |
Indonesia - 0.6% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 232,294,937 | 80,949,964 | |
Ireland - 2.9% | |||
Bank of Ireland Group PLC | 11,508,200 | 118,819,898 | |
CRH PLC | 3,755,008 | 181,194,064 | |
Ryanair Holdings PLC sponsored ADR (a) | 1,035,700 | 99,002,563 | |
TOTAL IRELAND | 399,016,525 | ||
Italy - 2.4% | |||
Enel SpA | 3,707,650 | 25,331,092 | |
Eni SpA | 12,248,200 | 185,038,599 | |
Mediobanca SpA | 10,576,055 | 113,391,036 | |
TOTAL ITALY | 323,760,727 | ||
Japan - 22.0% | |||
Daiichi Sankyo Kabushiki Kaisha | 390,200 | 13,389,563 | |
DENSO Corp. | 2,750,596 | 166,035,903 | |
Fast Retailing Co. Ltd. | 474,900 | 112,457,097 | |
FUJIFILM Holdings Corp. | 1,862,549 | 97,076,003 | |
Fujitsu Ltd. | 713,300 | 95,066,707 | |
Hitachi Ltd. | 5,218,600 | 288,664,960 | |
Hoya Corp. | 575,509 | 60,345,020 | |
Ibiden Co. Ltd. | 1,275,444 | 50,183,919 | |
INPEX Corp. | 5,952,200 | 65,135,241 | |
Itochu Corp. | 5,344,553 | 177,304,797 | |
Minebea Mitsumi, Inc. | 4,650,051 | 86,112,617 | |
Mitsubishi Estate Co. Ltd. | 5,263,433 | 64,868,146 | |
Mitsubishi UFJ Financial Group, Inc. | 35,092,224 | 219,660,997 | |
NOF Corp. | 318,100 | 14,534,453 | |
ORIX Corp. | 8,438,433 | 143,559,038 | |
Renesas Electronics Corp. (a) | 9,089,000 | 118,451,929 | |
Shin-Etsu Chemical Co. Ltd. | 6,451,690 | 184,104,276 | |
SoftBank Group Corp. | 2,004,537 | 75,174,990 | |
Sony Group Corp. | 1,139,145 | 103,062,717 | |
Sumitomo Mitsui Financial Group, Inc. | 4,787,563 | 195,685,117 | |
Suzuki Motor Corp. | 3,467,182 | 120,895,356 | |
TIS, Inc. | 1,932,556 | 53,067,455 | |
Tokio Marine Holdings, Inc. | 8,185,145 | 164,578,987 | |
Toyota Motor Corp. | 24,569,520 | 337,340,396 | |
TOTAL JAPAN | 3,006,755,684 | ||
Korea (South) - 0.7% | |||
Samsung Electronics Co. Ltd. | 2,022,715 | 99,565,289 | |
Luxembourg - 0.7% | |||
ArcelorMittal SA (Netherlands) | 3,328,845 | 94,305,676 | |
Netherlands - 4.3% | |||
Shell PLC ADR | 8,883,648 | 550,608,507 | |
Universal Music Group NV | 1,890,387 | 41,264,575 | |
TOTAL NETHERLANDS | 591,873,082 | ||
Singapore - 1.3% | |||
United Overseas Bank Ltd. (b) | 8,052,389 | 171,016,311 | |
South Africa - 1.1% | |||
Anglo American PLC (United Kingdom) | 4,718,076 | 145,383,643 | |
Thungela Resources Ltd. (b) | 748,374 | 6,950,436 | |
TOTAL SOUTH AFRICA | 152,334,079 | ||
Spain - 2.3% | |||
Banco Santander SA (Spain) (b) | 67,611,844 | 237,399,000 | |
Cellnex Telecom SA (c) | 1,315,638 | 55,393,607 | |
Unicaja Banco SA (b)(c) | 27,183,131 | 27,541,868 | |
TOTAL SPAIN | 320,334,475 | ||
Sweden - 2.1% | |||
Alleima AB | 595,300 | 3,052,240 | |
Investor AB (B Shares) | 9,443,760 | 202,411,343 | |
Sandvik AB (b) | 3,803,700 | 77,334,723 | |
TOTAL SWEDEN | 282,798,306 | ||
Switzerland - 4.5% | |||
Swiss Life Holding AG (b) | 162,130 | 106,436,073 | |
UBS Group AG (b) | 13,450,991 | 272,382,568 | |
Zurich Insurance Group Ltd. | 491,640 | 237,500,869 | |
TOTAL SWITZERLAND | 616,319,510 | ||
United Kingdom - 8.7% | |||
AstraZeneca PLC (United Kingdom) | 837,499 | 123,248,853 | |
BAE Systems PLC | 21,729,391 | 276,832,092 | |
Barratt Developments PLC | 15,580,300 | 97,902,710 | |
Beazley PLC | 9,303,117 | 69,624,028 | |
BP PLC | 17,450,198 | 117,073,296 | |
Imperial Brands PLC | 3,240,767 | 80,222,268 | |
Lloyds Banking Group PLC | 227,255,116 | 138,062,440 | |
NatWest Group PLC | 25,046,000 | 82,504,009 | |
Rolls-Royce Holdings PLC (a) | 10,909,700 | 20,899,379 | |
Standard Chartered PLC (United Kingdom) | 24,026,922 | 189,750,623 | |
TOTAL UNITED KINGDOM | 1,196,119,698 | ||
United States of America - 4.0% | |||
Ferguson PLC | 565,455 | 79,555,652 | |
Linde PLC | 481,874 | 178,028,349 | |
Sanofi SA | 2,706,506 | 291,675,429 | |
TOTAL UNITED STATES OF AMERICA | 549,259,430 | ||
TOTAL COMMON STOCKS (Cost $10,322,191,622) | 13,170,676,723 | ||
Nonconvertible Preferred Stocks - 0.8% | |||
Shares | Value ($) | ||
Germany - 0.8% | |||
Porsche Automobil Holding SE (Germany) (Cost $126,732,977) | 1,951,077 | 108,669,573 | |
Money Market Funds - 8.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) | 240,315,815 | 240,363,878 | |
Fidelity Securities Lending Cash Central Fund 4.88% (d)(e) | 875,920,140 | 876,007,732 | |
TOTAL MONEY MARKET FUNDS (Cost $1,116,371,610) | 1,116,371,610 | ||
TOTAL INVESTMENT IN SECURITIES - 105.3% (Cost $11,565,296,209) | 14,395,717,906 |
NET OTHER ASSETS (LIABILITIES) - (5.3)% | (726,875,328) |
NET ASSETS - 100.0% | 13,668,842,578 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $246,167,660 or 1.8% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 391,984,399 | 1,838,209,444 | 1,989,829,965 | 6,448,452 | - | - | 240,363,878 | 0.6% |
Fidelity Securities Lending Cash Central Fund 4.88% | 513,502,912 | 2,484,295,849 | 2,121,791,029 | 2,479,280 | - | - | 876,007,732 | 2.7% |
Total | 905,487,311 | 4,322,505,293 | 4,111,620,994 | 8,927,732 | - | - | 1,116,371,610 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 271,665,163 | 141,096,566 | 130,568,597 | - |
Consumer Discretionary | 1,088,666,240 | 140,205,198 | 948,461,042 | - |
Consumer Staples | 80,222,268 | - | 80,222,268 | - |
Energy | 1,631,911,375 | 646,154,343 | 985,757,032 | - |
Financials | 4,444,548,891 | 2,213,881,249 | 2,230,667,642 | - |
Health Care | 715,822,527 | 62,603,151 | 653,219,376 | - |
Industrials | 2,148,680,062 | 741,749,227 | 1,406,930,835 | - |
Information Technology | 693,905,087 | 180,493,785 | 513,411,302 | - |
Materials | 1,880,306,228 | 347,652,112 | 1,532,654,116 | - |
Real Estate | 117,997,223 | - | 117,997,223 | - |
Utilities | 205,621,232 | 180,290,140 | 25,331,092 | - |
Money Market Funds | 1,116,371,610 | 1,116,371,610 | - | - |
Total Investments in Securities: | 14,395,717,906 | 5,770,497,381 | 8,625,220,525 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $816,198,366) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,448,924,599) | $ | 13,279,346,296 | ||
Fidelity Central Funds (cost $1,116,371,610) | 1,116,371,610 | |||
Total Investment in Securities (cost $11,565,296,209) | $ | 14,395,717,906 | ||
Foreign currency held at value (cost $1,904,406) | 1,905,007 | |||
Receivable for investments sold | 103,769,594 | |||
Receivable for fund shares sold | 3,908,489 | |||
Dividends receivable | 75,733,338 | |||
Reclaims receivable | 37,329,724 | |||
Interest receivable | 134 | |||
Distributions receivable from Fidelity Central Funds | 2,340,522 | |||
Total assets | 14,620,704,714 | |||
Liabilities | ||||
Payable for investments purchased | $ | 25,661,099 | ||
Payable for fund shares redeemed | 50,011,096 | |||
Other payables and accrued expenses | 182,209 | |||
Collateral on securities loaned | 876,007,732 | |||
Total Liabilities | 951,862,136 | |||
Net Assets | $ | 13,668,842,578 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,829,645,534 | ||
Total accumulated earnings (loss) | 1,839,197,044 | |||
Net Assets | $ | 13,668,842,578 | ||
Net Asset Value , offering price and redemption price per share ($13,668,842,578 ÷ 1,259,440,258 shares) | $ | 10.85 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 216,245,007 | ||
Interest | 10,820 | |||
Income from Fidelity Central Funds (including $2,479,280 from security lending) | 8,927,732 | |||
Income before foreign taxes withheld | $ | 225,183,559 | ||
Less foreign taxes withheld | (19,353,852) | |||
Total Income | 205,829,707 | |||
Expenses | ||||
Custodian fees and expenses | $ | 379,569 | ||
Independent trustees' fees and expenses | 42,005 | |||
Interest | 42,483 | |||
Total expenses before reductions | 464,057 | |||
Expense reductions | (10) | |||
Total expenses after reductions | 464,047 | |||
Net Investment income (loss) | 205,365,660 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 19,899,214 | |||
Redemptions in-kind | 65,332,292 | |||
Foreign currency transactions | 1,293,562 | |||
Total net realized gain (loss) | 86,525,068 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,251,769,975 | |||
Assets and liabilities in foreign currencies | 4,222,780 | |||
Total change in net unrealized appreciation (depreciation) | 2,255,992,755 | |||
Net gain (loss) | 2,342,517,823 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,547,883,483 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 205,365,660 | $ | 571,708,614 |
Net realized gain (loss) | 86,525,068 | (148,251,550) | ||
Change in net unrealized appreciation (depreciation) | 2,255,992,755 | (2,774,795,334) | ||
Net increase (decrease) in net assets resulting from operations | 2,547,883,483 | (2,351,338,270) | ||
Distributions to shareholders | (425,784,758) | (770,910,384) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,023,228,674 | 2,577,499,861 | ||
Reinvestment of distributions | 425,784,758 | 770,910,384 | ||
Cost of shares redeemed | (2,270,247,837) | (3,188,665,043) | ||
Net increase (decrease) in net assets resulting from share transactions | (821,234,405) | 159,745,202 | ||
Total increase (decrease) in net assets | 1,300,864,320 | (2,962,503,452) | ||
Net Assets | ||||
Beginning of period | 12,367,978,258 | 15,330,481,710 | ||
End of period | $ | 13,668,842,578 | $ | 12,367,978,258 |
Other Information | ||||
Shares | ||||
Sold | 98,026,247 | 248,540,462 | ||
Issued in reinvestment of distributions | 42,493,489 | 70,596,189 | ||
Redeemed | (220,287,615) | (298,779,921) | ||
Net increase (decrease) | (79,767,879) | 20,356,730 | ||
Fidelity® Series International Value Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.24 | $ | 11.62 | $ | 8.25 | $ | 9.82 | $ | 9.68 | $ | 10.87 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .42 | .43 C | .26 | .39 | .38 | ||||||
Net realized and unrealized gain (loss) | 1.78 | (2.24) | 3.23 | (1.43) | .10 | (1.23) | ||||||
Total from investment operations | 1.94 | (1.82) | 3.66 | (1.17) | .49 | (.85) | ||||||
Distributions from net investment income | (.33) | (.56) | (.29) | (.36) | (.35) | (.31) | ||||||
Distributions from net realized gain | - | - | - | (.04) | - | (.03) | ||||||
Total distributions | (.33) | (.56) | (.29) | (.40) | (.35) | (.34) | ||||||
Net asset value, end of period | $ | 10.85 | $ | 9.24 | $ | 11.62 | $ | 8.25 | $ | 9.82 | $ | 9.68 |
Total Return D,E | 21.34% | (16.40)% | 44.95% | (12.55)% | 5.48% | (8.11)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | -% I | ||||||
Net investment income (loss) | 3.11% H | 4.09% | 3.97% C | 2.92% | 4.23% | 3.60% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 13,668,843 | $ | 12,367,978 | $ | 15,330,482 | $ | 11,605,710 | $ | 15,992,396 | $ | 14,030,676 |
Portfolio turnover rate J | 35% H,K | 31% K | 34% | 36% K | 41% | 43% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $365,419,050 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.1 - 20.0/7.7 | Increase |
Market approach | Transaction price | $9.50 $55.00/$19.69 | Increase | ||
Discount rate | 20.0% - 50.0%/21.3% | Decrease | |||
Book value | Book value multiple | 1.4 | Increase | ||
Indicative market price | Discount rate | 20.0% | Decrease | ||
Bid price | $11.20 | Increase | |||
Black scholes | Discount rate | 4.2% | Increase | ||
Volatility | 95.0% | Increase | |||
Term | 2.0 | Increase |
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity Series Emerging Markets Fund | $3,426,744,496 | $420,347,892 | $(274,751,820) | $145,596,072 |
Fidelity Series Emerging Markets Opportunities Fund | 21,407,947,165 | 5,288,943,927 | (3,690,187,221) | 1,598,756,706 |
Fidelity Series International Growth Fund | 9,443,327,748 | 5,389,048,965 | (337,283,473) | 5,051,765,492 |
Fidelity Series International Small Cap Fund | 2,994,311,987 | 1,161,165,605 | (295,382,483) | 865,783,122 |
Fidelity Series International Value Fund | 11,759,837,055 | 2,993,686,699 | (357,805,848) | 2,635,880,851 |
Short-term | Long-term | Total capital loss carryforward | |
Fidelity Series Emerging Markets Fund | $ (259,568,802) | $(37,857,752) | $ (297,426,554) |
Fidelity Series Emerging Markets Opportunities Fund | (834,830,045) | - | (834,830,045) |
Fidelity Series International Value Fund | (1,007,762,687) | - | (1,007,762,687) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Series Emerging Markets Fund | 1,940,052,033 | 1,392,476,870 |
Fidelity Series Emerging Markets Opportunities Fund | 4,711,780,877 | 7,226,091,491 |
Fidelity Series International Growth Fund | 733,651,282 | 1,491,122,007 |
Fidelity Series International Small Cap Fund | 495,925,545 | 493,430,244 |
Fidelity Series International Value Fund | 2,250,478,692 | 3,028,041,113 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series International Growth Fund | 14,310,643 | 105,980,569 | 214,546,284 |
Fidelity Series International Value Fund | 20,829,707 | 65,332,292 | 212,630,931 |
Amount | |
Fidelity Series Emerging Markets Fund | $742 |
Fidelity Series Emerging Markets Opportunities Fund | 36,393 |
Fidelity Series International Growth Fund | 1,952 |
Fidelity Series International Small Cap Fund | 572 |
Fidelity Series International Value Fund | 3,184 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Emerging Markets Opportunities Fund | Borrower | $ 405,211,000 | 4.57% | $51,384 |
Fidelity Series International Growth Fund | Borrower | $86,931,000 | 4.21% | $20,320 |
Fidelity Series International Value Fund | Borrower | $ 60,929,833 | 4.18% | $42,483 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Emerging Markets Fund | 13,771,431 | 18,425,558 | (4,622,653) |
Fidelity Series Emerging Markets Opportunities Fund | 34,891,551 | 140,922,684 | 11,938,259 |
Fidelity Series International Growth Fund | 19,076,727 | 47,661,249 | (19,547,106) |
Fidelity Series International Small Cap Fund | 18,676,170 | 15,288,139 | 748,566 |
Fidelity Series International Value Fund | 74,470,645 | 65,739,885 | 8,812,417 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series International Growth Fund | 3,489,700 | 20,221,102 | 47,323,914 |
Fidelity Series International Value Fund | 5,171,078 | 9,807,643 | 46,949,274 |
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 Series Emerging Markets Fund | $19,488 | $- | $- |
Fidelity Series Emerging Markets Opportunities Fund | $311,671 | $- | $- |
Fidelity Series International Growth Fund | $70,635 | $- | $- |
Fidelity Series International Small Cap Fund | $5,550 | $1 | $- |
Fidelity Series International Value Fund | $274,463 | $2,429 | $- |
Expense Limitations | Reimbursement | |
Fidelity Series Emerging Markets Fund | .013% | $ 216,645 |
Fidelity Series Emerging Markets Opportunities Fund | .013% | $ 1,789,394 |
Custodian credits | |
Fidelity Series Emerging Markets Fund | $ 828 |
Fidelity Series Emerging Markets Opportunities Fund | 1,945 |
Fidelity Series International Growth Fund | 445 |
Fidelity Series International Value Fund | 10 |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Series Emerging Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,189.20 | $ .05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
Fidelity® Series Emerging Markets Opportunities Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,190.30 | $ .05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
Fidelity® Series International Growth Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,207.80 | $ .05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
Fidelity® Series International Small Cap Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,194.10 | $ .05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
Fidelity® Series International Value Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,213.40 | $ .05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
- 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) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 4.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 3.9 | |
Sony Group Corp. (Japan, Household Durables) | 3.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 3.1 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.9 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.8 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.5 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 2.5 | |
ORIX Corp. (Japan, Financial Services) | 2.4 | |
Koninklijke KPN NV (Netherlands, Diversified Telecommunication Services) | 2.1 | |
30.3 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.0 | |
Health Care | 14.4 | |
Industrials | 12.0 | |
Consumer Discretionary | 11.3 | |
Information Technology | 10.6 | |
Consumer Staples | 10.4 | |
Materials | 6.2 | |
Utilities | 4.7 | |
Communication Services | 2.4 | |
Energy | 1.4 | |
Real Estate | 0.6 | |
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 - 97.0% | |||
Shares | Value ($) | ||
Australia - 1.7% | |||
Bapcor Ltd. | 13,451 | 58,695 | |
EBOS Group Ltd. | 2,369 | 65,012 | |
TOTAL AUSTRALIA | 123,707 | ||
Austria - 2.0% | |||
Verbund AG | 1,003 | 89,411 | |
Wienerberger AG | 1,975 | 59,412 | |
TOTAL AUSTRIA | 148,823 | ||
Belgium - 2.2% | |||
KBC Group NV | 921 | 65,742 | |
UCB SA | 1,006 | 93,581 | |
TOTAL BELGIUM | 159,323 | ||
China - 0.9% | |||
Chervon Holdings Ltd. | 12,564 | 63,937 | |
Denmark - 5.8% | |||
Novo Nordisk A/S Series B | 1,924 | 320,068 | |
ORSTED A/S (a) | 758 | 67,973 | |
Vestas Wind Systems A/S | 1,327 | 36,719 | |
TOTAL DENMARK | 424,760 | ||
Finland - 1.4% | |||
Neste OYJ | 2,158 | 104,485 | |
France - 12.8% | |||
Air Liquide SA | 418 | 75,194 | |
AXA SA | 3,976 | 129,777 | |
BNP Paribas SA | 2,076 | 134,137 | |
Capgemini SA | 261 | 47,425 | |
Edenred SA | 658 | 42,720 | |
L'Oreal SA | 267 | 127,318 | |
LVMH Moet Hennessy Louis Vuitton SE | 211 | 202,957 | |
Pernod Ricard SA | 649 | 149,749 | |
Worldline SA (a)(b) | 587 | 25,472 | |
TOTAL FRANCE | 934,749 | ||
Germany - 8.9% | |||
Deutsche Borse AG | 561 | 106,988 | |
Deutsche Post AG | 1,637 | 78,739 | |
Gerresheimer AG | 226 | 24,579 | |
Merck KGaA | 752 | 134,694 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 289 | 108,432 | |
SAP SE | 390 | 52,773 | |
Siemens AG | 900 | 148,349 | |
TOTAL GERMANY | 654,554 | ||
Hong Kong - 4.3% | |||
AIA Group Ltd. | 16,795 | 182,848 | |
Hang Seng Bank Ltd. | 5,273 | 78,161 | |
Prudential PLC | 3,778 | 57,807 | |
TOTAL HONG KONG | 318,816 | ||
India - 1.4% | |||
HDFC Bank Ltd. sponsored ADR | 1,430 | 99,814 | |
Ireland - 2.6% | |||
CRH PLC | 2,374 | 115,213 | |
Dalata Hotel Group PLC (b) | 15,213 | 76,356 | |
TOTAL IRELAND | 191,569 | ||
Italy - 0.5% | |||
Carel Industries SpA (a) | 1,384 | 36,296 | |
Japan - 16.3% | |||
FUJIFILM Holdings Corp. | 2,396 | 124,879 | |
Fujitsu Ltd. | 561 | 74,769 | |
Hitachi Ltd. | 2,805 | 155,158 | |
Hoya Corp. | 1,231 | 129,077 | |
Itochu Corp. | 5,397 | 179,045 | |
ORIX Corp. | 10,326 | 175,671 | |
Persol Holdings Co. Ltd. | 2,615 | 53,920 | |
Sony Group Corp. | 2,981 | 269,702 | |
TIS, Inc. | 1,134 | 31,139 | |
TOTAL JAPAN | 1,193,360 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 143,462 | 17,405 | |
Korea (South) - 0.5% | |||
SK Hynix, Inc. | 526 | 35,405 | |
Netherlands - 7.4% | |||
ASML Holding NV (Netherlands) | 340 | 214,859 | |
BE Semiconductor Industries NV | 205 | 18,374 | |
Heineken NV (Bearer) | 552 | 63,288 | |
ING Groep NV (Certificaten Van Aandelen) | 7,151 | 88,252 | |
Koninklijke KPN NV | 42,831 | 156,200 | |
TOTAL NETHERLANDS | 540,973 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 12,034 | 58,365 | |
Norway - 2.1% | |||
DNB Bank ASA | 8,313 | 146,025 | |
Schibsted ASA (A Shares) | 329 | 5,829 | |
TOTAL NORWAY | 151,854 | ||
Singapore - 0.9% | |||
United Overseas Bank Ltd. | 2,955 | 62,758 | |
Spain - 1.4% | |||
CaixaBank SA | 5,758 | 21,314 | |
EDP Renovaveis SA | 683 | 15,172 | |
Iberdrola SA | 5,192 | 67,278 | |
TOTAL SPAIN | 103,764 | ||
Sweden - 3.4% | |||
Boliden AB | 3,404 | 121,554 | |
Instalco AB | 1,724 | 9,044 | |
Investor AB (B Shares) | 1,541 | 33,029 | |
Lagercrantz Group AB (B Shares) | 1,680 | 21,592 | |
Nibe Industrier AB (B Shares) | 5,634 | 62,905 | |
TOTAL SWEDEN | 248,124 | ||
Taiwan - 1.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 8,450 | 138,277 | |
United Kingdom - 12.9% | |||
AstraZeneca PLC (United Kingdom) | 1,945 | 286,232 | |
Barratt Developments PLC | 5,555 | 34,906 | |
Beazley PLC | 3,197 | 23,926 | |
Big Yellow Group PLC | 769 | 11,829 | |
Bunzl PLC | 594 | 23,620 | |
Compass Group PLC | 4,397 | 115,997 | |
Diageo PLC | 2,896 | 132,104 | |
Endava PLC ADR (b) | 263 | 15,141 | |
Grainger Trust PLC | 10,865 | 35,311 | |
Impax Asset Management Group PLC | 843 | 8,306 | |
National Grid PLC | 3,455 | 49,538 | |
NatWest Group PLC | 25,996 | 85,633 | |
Reckitt Benckiser Group PLC | 813 | 65,698 | |
Renewi PLC (b) | 1,152 | 8,687 | |
Smart Metering Systems PLC | 5,149 | 51,315 | |
TOTAL UNITED KINGDOM | 948,243 | ||
United States of America - 4.7% | |||
Ferguson PLC | 244 | 34,329 | |
Linde PLC | 231 | 85,343 | |
Nestle SA (Reg. S) | 1,783 | 228,740 | |
TOTAL UNITED STATES OF AMERICA | 348,412 | ||
TOTAL COMMON STOCKS (Cost $6,569,194) | 7,107,773 | ||
Money Market Funds - 3.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) (Cost $219,993) | 219,949 | 219,993 | |
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $6,789,187) | 7,327,766 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (3,162) |
NET ASSETS - 100.0% | 7,324,604 |
(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 $129,741 or 1.8% of net assets. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 225,629 | 1,803,674 | 1,809,310 | 4,969 | - | - | 219,993 | 0.0% |
Total | 225,629 | 1,803,674 | 1,809,310 | 4,969 | - | - | 219,993 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 179,434 | 23,234 | 156,200 | - |
Consumer Discretionary | 822,550 | 111,262 | 711,288 | - |
Consumer Staples | 766,897 | 340,355 | 426,542 | - |
Energy | 104,485 | 104,485 | - | - |
Financials | 1,676,812 | 641,718 | 1,035,094 | - |
Health Care | 1,053,243 | 252,854 | 800,389 | - |
Industrials | 878,126 | 226,196 | 651,930 | - |
Information Technology | 774,633 | 317,391 | 457,242 | - |
Materials | 456,716 | 266,309 | 190,407 | - |
Real Estate | 47,140 | 47,140 | - | - |
Utilities | 347,737 | 172,556 | 175,181 | - |
Money Market Funds | 219,993 | 219,993 | - | - |
Total Investments in Securities: | 7,327,766 | 2,723,493 | 4,604,273 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,569,194) | $ | 7,107,773 | ||
Fidelity Central Funds (cost $219,993) | 219,993 | |||
Total Investment in Securities (cost $6,789,187) | $ | 7,327,766 | ||
Cash | 9,044 | |||
Foreign currency held at value (cost $2,296) | 2,298 | |||
Receivable for fund shares sold | 4,131 | |||
Dividends receivable | 35,938 | |||
Reclaims receivable | 5,378 | |||
Distributions receivable from Fidelity Central Funds | 1,028 | |||
Prepaid expenses | 1 | |||
Receivable from investment adviser for expense reductions | 12,854 | |||
Total assets | 7,398,438 | |||
Liabilities | ||||
Payable for investments purchased | $ | 33,140 | ||
Payable for fund shares redeemed | 89 | |||
Accrued management fee | 3,794 | |||
Distribution and service plan fees payable | 349 | |||
Other affiliated payables | 1,371 | |||
Audit fee payable | 28,524 | |||
Custody fee payable | 6,563 | |||
Other payables and accrued expenses | 4 | |||
Total Liabilities | 73,834 | |||
Net Assets | $ | 7,324,604 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 7,133,776 | ||
Total accumulated earnings (loss) | 190,828 | |||
Net Assets | $ | 7,324,604 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($388,616 ÷ 44,631 shares) (a) | $ | 8.71 | ||
Maximum offering price per share (100/94.25 of $8.71) | $ | 9.24 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($217,827 ÷ 25,045 shares) (a) | $ | 8.70 | ||
Maximum offering price per share (100/96.50 of $8.70) | $ | 9.02 | ||
Class C : | ||||
Net Asset Value and offering price per share ($216,455 ÷ 25,000 shares) (a) | $ | 8.66 | ||
Fidelity Sustainable International Equity Fund : | ||||
Net Asset Value , offering price and redemption price per share ($6,062,213 ÷ 695,188 shares) | $ | 8.72 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($219,975 ÷ 25,227 shares) | $ | 8.72 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($219,518 ÷ 25,132 shares) | $ | 8.73 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 90,004 | ||
Income from Fidelity Central Funds | 4,969 | |||
Income before foreign taxes withheld | $ | 94,973 | ||
Less foreign taxes withheld | (11,303) | |||
Total Income | 83,670 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 21,568 | ||
Performance adjustment | (728) | |||
Transfer agent fees | 6,607 | |||
Distribution and service plan fees | 1,949 | |||
Accounting fees and expenses | 1,588 | |||
Custodian fees and expenses | 9,778 | |||
Independent trustees' fees and expenses | 15 | |||
Registration fees | 104,636 | |||
Audit | 31,898 | |||
Legal | 4 | |||
Miscellaneous | 10 | |||
Total expenses before reductions | 177,325 | |||
Expense reductions | (142,448) | |||
Total expenses after reductions | 34,877 | |||
Net Investment income (loss) | 48,793 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (103,726) | |||
Foreign currency transactions | 1,843 | |||
Total net realized gain (loss) | (101,883) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,199,531 | |||
Assets and liabilities in foreign currencies | 181 | |||
Total change in net unrealized appreciation (depreciation) | 1,199,712 | |||
Net gain (loss) | 1,097,829 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,146,622 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | For the period February 10, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 48,793 | $ | 29,662 |
Net realized gain (loss) | (101,883) | (295,162) | ||
Change in net unrealized appreciation (depreciation) | 1,199,712 | (661,097) | ||
Net increase (decrease) in net assets resulting from operations | 1,146,622 | (926,597) | ||
Distributions to shareholders | (29,290) | - | ||
Share transactions - net increase (decrease) | 1,395,341 | 5,738,528 | ||
Total increase (decrease) in net assets | 2,512,673 | 4,811,931 | ||
Net Assets | ||||
Beginning of period | 4,811,931 | - | ||
End of period | $ | 7,324,604 | $ | 4,811,931 |
Fidelity Advisor® Sustainable International Equity Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.20 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .06 | .07 | ||
Net realized and unrealized gain (loss) | 1.48 | (2.87) | ||
Total from investment operations | 1.54 | (2.80) | ||
Distributions from net investment income | (.03) | - | ||
Total distributions | (.03) | - | ||
Net asset value, end of period | $ | 8.71 | $ | 7.20 |
Total Return D,E,F | 21.42% | (28.00)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 5.74% I | 7.77% I,J | ||
Expenses net of fee waivers, if any | 1.29% I | 1.30% I | ||
Expenses net of all reductions | 1.29% I | 1.28% I | ||
Net investment income (loss) | 1.34% I | 1.18% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 389 | $ | 185 |
Portfolio turnover rate K | 49% I | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.19 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .04 | .05 | ||
Net realized and unrealized gain (loss) | 1.48 | (2.86) | ||
Total from investment operations | 1.52 | (2.81) | ||
Distributions from net investment income | (.01) | - | ||
Total distributions | (.01) | - | ||
Net asset value, end of period | $ | 8.70 | $ | 7.19 |
Total Return D,E,F | 21.20% | (28.10)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 5.97% I | 8.02% I,J | ||
Expenses net of fee waivers, if any | 1.55% I | 1.55% I | ||
Expenses net of all reductions | 1.54% I | 1.55% I | ||
Net investment income (loss) | 1.09% I | .91% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 218 | $ | 180 |
Portfolio turnover rate K | 49% I | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.16 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .02 | .02 | ||
Net realized and unrealized gain (loss) | 1.48 | (2.86) | ||
Total from investment operations | 1.50 | (2.84) | ||
Net asset value, end of period | $ | 8.66 | $ | 7.16 |
Total Return D,E,F | 20.95% | (28.40)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 6.45% I | 8.51% I,J | ||
Expenses net of fee waivers, if any | 2.05% I | 2.05% I | ||
Expenses net of all reductions | 2.04% I | 2.05% I | ||
Net investment income (loss) | .59% I | .41% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 216 | $ | 179 |
Portfolio turnover rate K | 49% I | 43% I |
Fidelity® Sustainable International Equity Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.21 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .07 | .08 | ||
Net realized and unrealized gain (loss) | 1.48 | (2.87) | ||
Total from investment operations | 1.55 | (2.79) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 8.72 | $ | 7.21 |
Total Return D,E | 21.58% | (27.90)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 5.53% H | 7.64% H,I | ||
Expenses net of fee waivers, if any | 1.04% H | 1.05% H | ||
Expenses net of all reductions | 1.04% H | 1.01% H | ||
Net investment income (loss) | 1.59% H | 1.45% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 6,062 | $ | 3,908 |
Portfolio turnover rate J | 49% H | 43% H |
Fidelity Advisor® Sustainable International Equity Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.21 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .07 | .08 | ||
Net realized and unrealized gain (loss) | 1.48 | (2.87) | ||
Total from investment operations | 1.55 | (2.79) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 8.72 | $ | 7.21 |
Total Return D,E | 21.58% | (27.90)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 5.48% H | 7.52% H,I | ||
Expenses net of fee waivers, if any | 1.04% H | 1.05% H | ||
Expenses net of all reductions | 1.04% H | 1.03% H | ||
Net investment income (loss) | 1.59% H | 1.43% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 220 | $ | 180 |
Portfolio turnover rate J | 49% H | 43% H |
Fidelity Advisor® Sustainable International Equity Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.22 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .07 | .09 | ||
Net realized and unrealized gain (loss) | 1.48 | (2.87) | ||
Total from investment operations | 1.55 | (2.78) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 8.73 | $ | 7.22 |
Total Return D,E | 21.55% | (27.80)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 5.40% H | 7.46% H,I | ||
Expenses net of fee waivers, if any | .90% H | .90% H | ||
Expenses net of all reductions | .89% H | .90% H | ||
Net investment income (loss) | 1.74% H | 1.56% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 220 | $ | 181 |
Portfolio turnover rate J | 49% H | 43% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $743,317 |
Gross unrealized depreciation | (248,737) |
Net unrealized appreciation (depreciation) | $494,580 |
Tax cost | $6,833,186 |
Short-term | $(234,791) |
Purchases ($) | Sales ($) | |
Fidelity Sustainable International Equity Fund | 2,858,256 | 1,486,876 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $406 | $261 |
Class M | .25% | .25% | 516 | 516 |
Class C | .75% | .25% | 1,027 | 1,027 |
$1,949 | $1804 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $281 | .17 |
Class M | 112 | .11 |
Class C | 98 | .10 |
Fidelity Sustainable International Equity Fund | 5,937 | .23 |
Class I | 135 | .13 |
Class Z | 44 | .04 |
$6,607 |
% of Average Net Assets | |
Fidelity Sustainable International Equity Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Sustainable International Equity Fund | 54,865 | 101,738 | (3,196) |
Amount | |
Fidelity Sustainable International Equity Fund | $6 |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $7,178 |
Class M | 1.55% | 4,548 |
Class C | 2.05% | 4,515 |
Fidelity Sustainable International Equity Fund | 1.05% | 116,671 |
Class I | 1.05% | 4,595 |
Class Z | .90% | 4,660 |
$142,167 |
Six months ended April 30, 2023 | Year ended October 31, 2022 A | |
Fidelity Sustainable International Equity Fund | ||
Distributions to shareholders | ||
Class A | $863 | $- |
Class M | 325 | - |
Fidelity Sustainable International Equity Fund | 25,952 | - |
Class I | 1,075 | - |
Class Z | 1,075 | - |
Total | $29,290 | $- |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 A | Six months ended April 30, 2023 | Year ended October 31, 2022 A | |
Fidelity Sustainable International Equity Fund | ||||
Class A | ||||
Shares sold | 19,524 | 25,690 | $155,387 | $255,541 |
Reinvestment of distributions | 107 | - | 863 | - |
Shares redeemed | (633) | (57) | (5,145) | (435) |
Net increase (decrease) | 18,998 | 25,633 | $151,105 | $255,106 |
Class M | ||||
Shares sold | 5 | 25,000 | $39 | $250,003 |
Reinvestment of distributions | 40 | - | 325 | - |
Net increase (decrease) | 45 | 25,000 | $364 | $250,003 |
Class C | ||||
Shares sold | - | 25,000 | $- | $250,000 |
Net increase (decrease) | - | 25,000 | $- | $250,000 |
Fidelity Sustainable International Equity Fund | ||||
Shares sold | 222,366 | 564,957 | $1,814,242 | $4,670,389 |
Reinvestment of distributions | 2,932 | - | 23,779 | - |
Shares redeemed | (71,802) | (23,265) | (597,099) | (187,070) |
Net increase (decrease) | 153,496 | 541,692 | $1,240,922 | $4,483,319 |
Class I | ||||
Shares sold | 94 | 25,054 | $800 | $250,509 |
Reinvestment of distributions | 133 | - | 1,075 | - |
Shares redeemed | - | (54) | - | (409) |
Net increase (decrease) | 227 | 25,000 | $1,875 | $250,100 |
Class Z | ||||
Shares sold | - | 25,000 | $- | $250,000 |
Reinvestment of distributions | 132 | - | 1,075 | - |
Net increase (decrease) | 132 | 25,000 | $1,075 | $250,000 |
Fund | Affiliated % |
Fidelity Sustainable International Equity Fund | 24% |
Fidelity Sustainable Multi-Asset Fund | |
Fidelity Sustainable International Equity Fund | 27% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Sustainable International Equity Fund | ||||||||||
Class A | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,214.20 | $ 7.08 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.40 | $ 6.46 | |||||||
Class M | 1.55% | |||||||||
Actual | $ 1,000 | $ 1,212.00 | $ 8.50 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.11 | $ 7.75 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 1,209.50 | $ 11.18 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.68 | $ 10.19 | |||||||
Fidelity® Sustainable International Equity Fund | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,215.80 | $ 5.71 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.64 | $ 5.21 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,215.80 | $ 5.71 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.64 | $ 5.21 | |||||||
Class Z | .90% | |||||||||
Actual | $ 1,000 | $ 1,215.50 | $ 4.94 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.33 | $ 4.51 | |||||||
- 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) | ||
Royal Bank of Canada (Banks) | 8.3 | |
The Toronto-Dominion Bank (Banks) | 7.1 | |
Canadian Pacific Kansas City Ltd. (Ground Transportation) | 6.8 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Consumer Staples Distribution & Retail) | 5.6 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 5.3 | |
Franco-Nevada Corp. (Metals & Mining) | 4.4 | |
Constellation Software, Inc. (Software) | 4.2 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.2 | |
Nutrien Ltd. (Chemicals) | 3.0 | |
Wheaton Precious Metals Corp. (Metals & Mining) | 3.0 | |
51.9 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 26.6 | |
Energy | 17.0 | |
Industrials | 15.0 | |
Materials | 13.4 | |
Consumer Staples | 9.1 | |
Information Technology | 7.6 | |
Consumer Discretionary | 6.0 | |
Communication Services | 4.0 | |
Health Care | 0.8 | |
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 - 99.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.7% | |||
Diversified Telecommunication Services - 0.9% | |||
TELUS Corp. | 373,800 | 7,923,782 | |
Interactive Media & Services - 0.0% | |||
VerticalScope Holdings, Inc. (a) | 52,900 | 135,486 | |
Media - 1.2% | |||
Quebecor, Inc.: | |||
Class A | 352,400 | 9,080,182 | |
Class B (sub. vtg.) | 65,500 | 1,690,619 | |
10,770,801 | |||
Wireless Telecommunication Services - 1.6% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 310,200 | 15,326,263 | |
TOTAL COMMUNICATION SERVICES | 34,156,332 | ||
CONSUMER DISCRETIONARY - 6.0% | |||
Automobile Components - 0.7% | |||
Magna International, Inc. Class A (sub. vtg.) | 128,500 | 6,699,812 | |
Broadline Retail - 2.7% | |||
Dollarama, Inc. | 404,900 | 25,079,683 | |
Hotels, Restaurants & Leisure - 2.3% | |||
Restaurant Brands International, Inc. (b) | 297,100 | 20,827,810 | |
Specialty Retail - 0.1% | |||
Diversified Royalty Corp. (b) | 588,500 | 1,294,409 | |
Textiles, Apparel & Luxury Goods - 0.2% | |||
Canada Goose Holdings, Inc. (a) | 97,900 | 1,919,197 | |
TOTAL CONSUMER DISCRETIONARY | 55,820,911 | ||
CONSUMER STAPLES - 9.1% | |||
Beverages - 0.1% | |||
GURU Organic Energy Corp. (a)(b) | 322,600 | 654,796 | |
Consumer Staples Distribution & Retail - 8.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (b) | 1,033,200 | 51,566,582 | |
Metro, Inc. | 341,595 | 19,469,289 | |
Neighbourly Pharmacy, Inc. (b) | 160,178 | 2,512,295 | |
North West Co., Inc. (b) | 260,400 | 7,637,964 | |
81,186,130 | |||
Personal Care Products - 0.2% | |||
Jamieson Wellness, Inc. (c) | 99,200 | 2,449,889 | |
TOTAL CONSUMER STAPLES | 84,290,815 | ||
ENERGY - 17.0% | |||
Energy Equipment & Services - 0.8% | |||
Computer Modelling Group Ltd. | 531,800 | 2,782,937 | |
Pason Systems, Inc. | 559,918 | 4,876,579 | |
7,659,516 | |||
Oil, Gas & Consumable Fuels - 16.2% | |||
Cameco Corp. | 243,700 | 6,700,244 | |
Canadian Natural Resources Ltd. | 802,798 | 48,919,809 | |
Enbridge, Inc. | 519,500 | 20,655,766 | |
Parkland Corp. | 521,900 | 12,307,418 | |
PrairieSky Royalty Ltd. (b) | 1,479,018 | 23,339,414 | |
Suncor Energy, Inc. | 1,222,800 | 38,285,549 | |
150,208,200 | |||
TOTAL ENERGY | 157,867,716 | ||
FINANCIALS - 26.6% | |||
Banks - 15.4% | |||
Royal Bank of Canada (b) | 770,800 | 76,525,305 | |
The Toronto-Dominion Bank (b) | 1,086,700 | 65,826,821 | |
142,352,126 | |||
Capital Markets - 4.7% | |||
Brookfield Asset Management Ltd. Class A | 466,201 | 15,628,925 | |
Brookfield Corp. (Canada) Class A | 499,906 | 16,220,148 | |
TMX Group Ltd. | 121,100 | 12,265,079 | |
44,114,152 | |||
Insurance - 6.5% | |||
Definity Financial Corp. | 388,713 | 10,543,752 | |
Intact Financial Corp. | 146,625 | 22,179,081 | |
Sun Life Financial, Inc. | 555,600 | 27,254,069 | |
59,976,902 | |||
TOTAL FINANCIALS | 246,443,180 | ||
HEALTH CARE - 0.8% | |||
Health Care Providers & Services - 0.8% | |||
Andlauer Healthcare Group, Inc. | 137,800 | 5,239,014 | |
dentalcorp Holdings Ltd. (a) | 287,800 | 1,884,183 | |
7,123,197 | |||
INDUSTRIALS - 15.0% | |||
Commercial Services & Supplies - 2.8% | |||
GFL Environmental, Inc. (b) | 702,700 | 25,523,022 | |
Ground Transportation - 9.5% | |||
Canadian National Railway Co. | 206,950 | 24,668,727 | |
Canadian Pacific Kansas City Ltd. | 806,062 | 63,540,186 | |
88,208,913 | |||
Professional Services - 2.7% | |||
Thomson Reuters Corp. | 190,000 | 24,984,611 | |
TOTAL INDUSTRIALS | 138,716,546 | ||
INFORMATION TECHNOLOGY - 7.5% | |||
IT Services - 2.4% | |||
Shopify, Inc. Class A (a) | 451,600 | 21,879,193 | |
Software - 5.1% | |||
ApplyBoard, Inc. (a)(d)(e) | 1,677 | 97,182 | |
ApplyBoard, Inc. (non-vtg.) (a)(d)(e) | 414 | 23,991 | |
Constellation Software, Inc. | 20,000 | 39,145,588 | |
Dye & Durham Ltd. | 486,700 | 5,180,067 | |
Enghouse Systems Ltd. | 55,100 | 1,516,536 | |
Lumine Group, Inc. | 86,107 | 1,159,872 | |
47,123,236 | |||
TOTAL INFORMATION TECHNOLOGY | 69,002,429 | ||
MATERIALS - 13.4% | |||
Chemicals - 3.0% | |||
Nutrien Ltd. | 405,581 | 28,136,368 | |
Containers & Packaging - 1.3% | |||
CCL Industries, Inc.: | |||
Class A | 25,900 | 1,213,898 | |
Class B (b) | 226,000 | 10,627,346 | |
11,841,244 | |||
Metals & Mining - 8.6% | |||
Franco-Nevada Corp. | 268,900 | 40,801,906 | |
Lundin Mining Corp. | 1,040,200 | 7,946,319 | |
Triple Flag Precious Metals Corp. | 180,900 | 2,925,430 | |
Wheaton Precious Metals Corp. | 565,100 | 27,882,743 | |
79,556,398 | |||
Paper & Forest Products - 0.5% | |||
Stella-Jones, Inc. | 95,923 | 3,753,801 | |
Western Forest Products, Inc. | 1,447,683 | 1,111,260 | |
4,865,061 | |||
TOTAL MATERIALS | 124,399,071 | ||
TOTAL COMMON STOCKS (Cost $519,671,115) | 917,820,197 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.1% | |||
Software - 0.1% | |||
ApplyBoard, Inc.: | |||
Series A1 (a)(d)(e) | 2,063 | 119,551 | |
Series A2 (a)(d)(e) | 1,615 | 93,589 | |
Series A3 (a)(d)(e) | 92 | 5,331 | |
Series D (a)(d)(e) | 4,504 | 261,007 | |
Series Seed (a)(d)(e) | 617 | 35,755 | |
(Cost $770,130) | 515,233 | ||
Convertible Bonds - 0.3% | |||
Principal Amount (f) | Value ($) | ||
COMMUNICATION SERVICES - 0.3% | |||
Entertainment - 0.3% | |||
Cineplex, Inc. 5.75% 9/30/25 (c) (Cost $2,341,803) | CAD | 3,203,000 | 2,387,504 |
Money Market Funds - 8.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (g) | 261,505 | 261,557 | |
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h) | 74,137,444 | 74,144,858 | |
TOTAL MONEY MARKET FUNDS (Cost $74,406,415) | 74,406,415 | ||
TOTAL INVESTMENT IN SECURITIES - 107.5% (Cost $597,189,463) | 995,129,349 |
NET OTHER ASSETS (LIABILITIES) - (7.5)% | (69,420,812) |
NET ASSETS - 100.0% | 925,708,537 |
CAD | - | Canadian dollar |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $4,837,393 or 0.5% of net assets. |
(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 $636,406 or 0.1% of net assets. |
(e) | Level 3 security |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ApplyBoard, Inc. | 6/04/21 - 6/30/21 | 85,688 |
ApplyBoard, Inc. (non-vtg.) | 6/30/21 | 44,290 |
ApplyBoard, Inc. Series A1 | 6/04/21 | 133,582 |
ApplyBoard, Inc. Series A2 | 6/04/21 | 104,573 |
ApplyBoard, Inc. Series A3 | 6/04/21 | 5,957 |
ApplyBoard, Inc. Series D | 6/04/21 | 486,066 |
ApplyBoard, Inc. Series Seed | 6/04/21 | 39,952 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 505,538 | 17,660,616 | 17,904,597 | 9,705 | - | - | 261,557 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 29,353,183 | 391,163,561 | 346,371,886 | 71,222 | - | - | 74,144,858 | 0.2% |
Total | 29,858,721 | 408,824,177 | 364,276,483 | 80,927 | - | - | 74,406,415 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 34,156,332 | 34,156,332 | - | - |
Consumer Discretionary | 55,820,911 | 55,820,911 | - | - |
Consumer Staples | 84,290,815 | 84,290,815 | - | - |
Energy | 157,867,716 | 157,867,716 | - | - |
Financials | 246,443,180 | 246,443,180 | - | - |
Health Care | 7,123,197 | 7,123,197 | - | - |
Industrials | 138,716,546 | 138,716,546 | - | - |
Information Technology | 69,517,662 | 68,881,256 | - | 636,406 |
Materials | 124,399,071 | 124,399,071 | - | - |
Corporate Bonds | 2,387,504 | - | 2,387,504 | - |
Money Market Funds | 74,406,415 | 74,406,415 | - | - |
Total Investments in Securities: | 995,129,349 | 992,105,439 | 2,387,504 | 636,406 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $70,766,456) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $522,783,048) | $ | 920,722,934 | ||
Fidelity Central Funds (cost $74,406,415) | 74,406,415 | |||
Total Investment in Securities (cost $597,189,463) | $ | 995,129,349 | ||
Cash | 3,183 | |||
Foreign currency held at value (cost $4,437,140) | 4,461,023 | |||
Receivable for fund shares sold | 113,738 | |||
Dividends receivable | 1,448,880 | |||
Interest receivable | 11,545 | |||
Distributions receivable from Fidelity Central Funds | 23,125 | |||
Prepaid expenses | 347 | |||
Total assets | 1,001,191,190 | |||
Liabilities | ||||
Payable for investments purchased | $ | 43,050 | ||
Payable for fund shares redeemed | 457,832 | |||
Accrued management fee | 628,883 | |||
Distribution and service plan fees payable | 10,544 | |||
Other affiliated payables | 164,461 | |||
Other payables and accrued expenses | 36,600 | |||
Collateral on securities loaned | 74,141,283 | |||
Total Liabilities | 75,482,653 | |||
Net Assets | $ | 925,708,537 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 516,912,835 | ||
Total accumulated earnings (loss) | 408,795,702 | |||
Net Assets | $ | 925,708,537 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($32,641,068 ÷ 525,604 shares) (a) | $ | 62.10 | ||
Maximum offering price per share (100/94.25 of $62.10) | $ | 65.89 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,867,741 ÷ 111,049 shares) (a) | $ | 61.84 | ||
Maximum offering price per share (100/96.50 of $61.84) | $ | 64.08 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,031,092 ÷ 16,797 shares) (a) | $ | 61.39 | ||
Canada : | ||||
Net Asset Value , offering price and redemption price per share ($866,932,431 ÷ 13,899,093 shares) | $ | 62.37 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($14,195,529 ÷ 227,412 shares) | $ | 62.42 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($4,040,676 ÷ 64,974 shares) | $ | 62.19 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 11,714,155 | ||
Non-Cash dividends | 628,878 | |||
Interest | 104,284 | |||
Income from Fidelity Central Funds (including $71,222 from security lending) | 80,927 | |||
Income before foreign taxes withheld | $ | 12,528,244 | ||
Less foreign taxes withheld | (1,863,564) | |||
Total Income | 10,664,680 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 3,077,184 | ||
Performance adjustment | 415,963 | |||
Transfer agent fees | 790,225 | |||
Distribution and service plan fees | 62,849 | |||
Accounting fees | 205,456 | |||
Custodian fees and expenses | 11,584 | |||
Independent trustees' fees and expenses | 2,848 | |||
Registration fees | 59,121 | |||
Audit | 31,471 | |||
Legal | 1,473 | |||
Miscellaneous | 1,933 | |||
Total expenses before reductions | 4,660,107 | |||
Expense reductions | (21,295) | |||
Total expenses after reductions | 4,638,812 | |||
Net Investment income (loss) | 6,025,868 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 10,031,345 | |||
Foreign currency transactions | (8,667) | |||
Total net realized gain (loss) | 10,022,678 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
�� Unaffiliated issuers | 58,433,435 | |||
Assets and liabilities in foreign currencies | 26,893 | |||
Total change in net unrealized appreciation (depreciation) | 58,460,328 | |||
Net gain (loss) | 68,483,006 | |||
Net increase (decrease) in net assets resulting from operations | $ | 74,508,874 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 6,025,868 | $ | 11,825,119 |
Net realized gain (loss) | 10,022,678 | 24,520,329 | ||
Change in net unrealized appreciation (depreciation) | 58,460,328 | (104,988,178) | ||
Net increase (decrease) in net assets resulting from operations | 74,508,874 | (68,642,730) | ||
Distributions to shareholders | (34,966,270) | (44,124,388) | ||
Share transactions - net increase (decrease) | (786,890) | 99,770,958 | ||
Total increase (decrease) in net assets | 38,755,714 | (12,996,160) | ||
Net Assets | ||||
Beginning of period | 886,952,823 | 899,948,983 | ||
End of period | $ | 925,708,537 | $ | 886,952,823 |
Fidelity Advisor® Canada Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 59.44 | $ | 67.23 | $ | 46.01 | $ | 51.95 | $ | 49.75 | $ | 54.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .63 | .55 | .61 | .66 | .60 | ||||||
Net realized and unrealized gain (loss) | 4.55 | (5.30) | 21.89 | (4.38) | 4.56 | (3.88) | ||||||
Total from investment operations | 4.86 | (4.67) | 22.44 | (3.77) | 5.22 | (3.28) | ||||||
Distributions from net investment income | (.68) | (.61) | (.63) | (.77) | (.39) | (.59) | ||||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | (.49) | ||||||
Total distributions | (2.20) | (3.12) | (1.22) | (2.17) | (3.02) | (1.08) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 62.10 | $ | 59.44 | $ | 67.23 | $ | 46.01 | $ | 51.95 | $ | 49.75 |
Total Return D,E,F | 8.38% | (7.06)% | 49.45% | (7.70)% | 11.34% | (6.19)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.32% I | 1.20% | 1.12% | 1.20% | 1.20% | 1.21% | ||||||
Expenses net of fee waivers, if any | 1.32% I | 1.20% | 1.12% | 1.20% | 1.20% | 1.21% | ||||||
Expenses net of all reductions | 1.32% I | 1.20% | 1.12% | 1.19% | 1.19% | 1.20% | ||||||
Net investment income (loss) | 1.03% I | 1.00% | .92% | 1.27% | 1.32% | 1.13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 32,641 | $ | 31,707 | $ | 33,087 | $ | 23,395 | $ | 30,598 | $ | 29,420 |
Portfolio turnover rate J | 9% I | 13% | 7% | 11% | 8% K | 29% |
Fidelity Advisor® Canada Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 59.09 | $ | 66.84 | $ | 45.74 | $ | 51.67 | $ | 49.46 | $ | 53.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .23 | .45 | .38 | .47 | .51 | .44 | ||||||
Net realized and unrealized gain (loss) | 4.53 | (5.26) | 21.78 | (4.36) | 4.55 | (3.86) | ||||||
Total from investment operations | 4.76 | (4.81) | 22.16 | (3.89) | 5.06 | (3.42) | ||||||
Distributions from net investment income | (.49) | (.42) | (.47) | (.64) | (.22) | (.40) | ||||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | (.49) | ||||||
Total distributions | (2.01) | (2.94) C | (1.06) | (2.04) | (2.85) | (.89) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 61.84 | $ | 59.09 | $ | 66.84 | $ | 45.74 | $ | 51.67 | $ | 49.46 |
Total Return E,F,G | 8.24% | (7.32)% | 49.04% | (7.95)% | 11.02% | (6.47)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.60% J | 1.48% | 1.40% | 1.47% | 1.49% | 1.51% | ||||||
Expenses net of fee waivers, if any | 1.59% J | 1.48% | 1.39% | 1.47% | 1.48% | 1.51% | ||||||
Expenses net of all reductions | 1.57% J | 1.48% | 1.39% | 1.47% | 1.48% | 1.51% | ||||||
Net investment income (loss) | .77% J | .72% | .64% | .99% | 1.03% | .83% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,868 | $ | 6,641 | $ | 7,829 | $ | 5,911 | $ | 8,589 | $ | 7,844 |
Portfolio turnover rate K | 9% J | 13% | 7% | 11% | 8% L | 29% |
Fidelity Advisor® Canada Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 58.39 | $ | 65.76 | $ | 44.96 | $ | 50.61 | $ | 48.48 | $ | 52.72 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .14 | .08 | .24 | .29 | .21 | ||||||
Net realized and unrealized gain (loss) | 4.50 | (5.19) | 21.46 | (4.31) | 4.47 | (3.78) | ||||||
Total from investment operations | 4.58 | (5.05) | 21.54 | (4.07) | 4.76 | (3.57) | ||||||
Distributions from net investment income | (.05) | - | (.15) | (.18) | - | (.18) | ||||||
Distributions from net realized gain | (1.52) | (2.32) | (.59) | (1.40) | (2.63) | (.49) | ||||||
Total distributions | (1.58) C | (2.32) | (.74) | (1.58) | (2.63) | (.67) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 61.39 | $ | 58.39 | $ | 65.76 | $ | 44.96 | $ | 50.61 | $ | 48.48 |
Total Return E,F,G | 7.98% | (7.79)% | 48.31% | (8.39)% | 10.53% | (6.85)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.10% J | 1.99% | 1.90% | 1.95% | 1.92% | 1.94% | ||||||
Expenses net of fee waivers, if any | 2.09% J | 1.98% | 1.90% | 1.95% | 1.92% | 1.93% | ||||||
Expenses net of all reductions | 2.09% J | 1.98% | 1.90% | 1.95% | 1.91% | 1.93% | ||||||
Net investment income (loss) | .26% J | .22% | .14% | .51% | .60% | .40% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,031 | $ | 1,109 | $ | 1,683 | $ | 3,151 | $ | 6,226 | $ | 11,196 |
Portfolio turnover rate K | 9% J | 13% | 7% | 11% | 8% L | 29% |
Fidelity® Canada Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 59.79 | $ | 67.62 | $ | 46.26 | $ | 52.21 | $ | 50.02 | $ | 54.41 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .41 | .83 | .74 | .76 | .82 | .77 | ||||||
Net realized and unrealized gain (loss) | 4.56 | (5.33) | 21.99 | (4.38) | 4.58 | (3.90) | ||||||
Total from investment operations | 4.97 | (4.50) | 22.73 | (3.62) | 5.40 | (3.13) | ||||||
Distributions from net investment income | (.87) | (.82) | (.78) | (.92) | (.58) | (.77) | ||||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | (.49) | ||||||
Total distributions | (2.39) | (3.33) | (1.37) | (2.33) C | (3.21) | (1.26) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 62.37 | $ | 59.79 | $ | 67.62 | $ | 46.26 | $ | 52.21 | $ | 50.02 |
Total Return E,F | 8.55% | (6.77)% | 49.91% | (7.40)% | 11.70% | (5.89)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.01% I | .89% | .80% | .88% | .88% | .89% | ||||||
Expenses net of fee waivers, if any | 1.01% I | .88% | .80% | .88% | .88% | .89% | ||||||
Expenses net of all reductions | 1.01% I | .88% | .80% | .88% | .87% | .88% | ||||||
Net investment income (loss) | 1.34% I | 1.32% | 1.24% | 1.58% | 1.64% | 1.45% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 866,932 | $ | 825,488 | $ | 821,617 | $ | 612,716 | $ | 803,629 | $ | 903,662 |
Portfolio turnover rate J | 9% I | 13% | 7% | 11% | 8% K | 29% |
Fidelity Advisor® Canada Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 59.84 | $ | 67.70 | $ | 46.24 | $ | 52.11 | $ | 49.93 | $ | 54.29 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .41 | .85 | .78 | .79 | .85 | .79 | ||||||
Net realized and unrealized gain (loss) | 4.57 | (5.34) | 22.00 | (4.39) | 4.55 | (3.90) | ||||||
Total from investment operations | 4.98 | (4.49) | 22.78 | (3.60) | 5.40 | (3.11) | ||||||
Distributions from net investment income | (.88) | (.86) | (.73) | (.87) | (.59) | (.77) | ||||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | (.49) | ||||||
Total distributions | (2.40) | (3.37) | (1.32) | (2.27) | (3.22) | (1.25) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 62.42 | $ | 59.84 | $ | 67.70 | $ | 46.24 | $ | 52.11 | $ | 49.93 |
Total Return E,F | 8.55% | (6.74)% | 50.02% | (7.35)% | 11.74% | (5.86)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .99% I | .86% | .74% | .81% | .84% | .86% | ||||||
Expenses net of fee waivers, if any | .99% I | .86% | .74% | .81% | .84% | .85% | ||||||
Expenses net of all reductions | .99% I | .86% | .74% | .81% | .83% | .85% | ||||||
Net investment income (loss) | 1.36% I | 1.34% | 1.29% | 1.65% | 1.68% | 1.49% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 14,196 | $ | 16,165 | $ | 13,724 | $ | 8,392 | $ | 14,507 | $ | 26,923 |
Portfolio turnover rate J | 9% I | 13% | 7% | 11% | 8% K | 29% |
Fidelity Advisor® Canada Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 59.55 | $ | 67.38 | $ | 46.11 | $ | 52.07 | $ | 49.94 | $ | 53.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .45 | .92 | .82 | .84 | .92 | .06 | ||||||
Net realized and unrealized gain (loss) | 4.55 | (5.33) | 21.91 | (4.37) | 4.53 | (4.04) | ||||||
Total from investment operations | 5.00 | (4.41) | 22.73 | (3.53) | 5.45 | (3.98) | ||||||
Distributions from net investment income | (.84) | (.91) | (.87) | (1.03) | (.69) | - | ||||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | - | ||||||
Total distributions | (2.36) | (3.42) | (1.46) | (2.43) | (3.32) | - | ||||||
Net asset value, end of period | $ | 62.19 | $ | 59.55 | $ | 67.38 | $ | 46.11 | $ | 52.07 | $ | 49.94 |
Total Return D,E | 8.63% | (6.66)% | 50.13% | (7.24)% | 11.87% | (7.38)% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .88% H | .75% | .66% | .72% | .72% | .80% H | ||||||
Expenses net of fee waivers, if any | .87% H | .75% | .66% | .72% | .72% | .80% H | ||||||
Expenses net of all reductions | .87% H | .75% | .66% | .72% | .71% | .79% H | ||||||
Net investment income (loss) | 1.47% H | 1.45% | 1.38% | 1.74% | 1.80% | 1.48% H | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,041 | $ | 5,843 | $ | 22,010 | $ | 15,221 | $ | 20,496 | $ | 128 |
Portfolio turnover rate I | 9% H | 13% | 7% | 11% | 8% J | 29% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $424,043,900 |
Gross unrealized depreciation | (27,319,132) |
Net unrealized appreciation (depreciation) | $396,724,768 |
Tax cost | $598,404,581 |
Purchases ($) | Sales ($) | |
Fidelity Canada Fund | 40,858,768 | 69,985,829 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $40,334 | $567 |
Class M | .25% | .25% | 17,136 | 220 |
Class C | .75% | .25% | 5,379 | 517 |
$62,849 | $1,304 |
Retained by FDC | |
Class A | $4,039 |
Class M | 229 |
Class C A | 176 |
$4,444 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $37,473 | .23 |
Class M | 8,798 | .26 |
Class C | 1,383 | .26 |
Canada | 729,736 | .17 |
Class I | 12,001 | .16 |
Class Z | 834 | .04 |
$790,225 |
% of Average Net Assets | |
Fidelity Canada Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Canada Fund | 353,566 | 1,375,811 | 219,355 |
Amount | |
Fidelity Canada Fund | $891 |
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 Canada Fund | $7,769 | $- | $- |
Expense reduction | |
Class A | $77 |
Class M | 575 |
Class C | 10 |
$662 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Canada Fund | ||
Distributions to shareholders | ||
Class A | $ 1,149,850 | $1,521,087 |
Class M | 223,562 | 339,044 |
Class C | 28,556 | 58,947 |
Canada | 32,768,937 | 40,254,541 |
Class I | 643,345 | 818,871 |
Class Z | 152,020 | 1,131,898 |
Total | $34,966,270 | $44,124,388 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Canada Fund | ||||
Class A | ||||
Shares sold | 12,996 | 91,502 | $784,046 | $5,737,202 |
Reinvestment of distributions | 18,742 | 23,772 | 1,102,198 | 1,449,851 |
Shares redeemed | (39,549) | (73,975) | (2,406,148) | (4,692,234) |
Net increase (decrease) | (7,811) | 41,299 | $(519,904) | $2,494,819 |
Class M | ||||
Shares sold | 1,919 | 6,970 | $114,820 | $443,908 |
Reinvestment of distributions | 3,795 | 5,557 | 222,444 | 337,743 |
Shares redeemed | (7,042) | (17,269) | (420,348) | (1,094,130) |
Net increase (decrease) | (1,328) | (4,742) | $(83,084) | $(312,479) |
Class C | ||||
Shares sold | 1,156 | 3,877 | $69,167 | $245,296 |
Reinvestment of distributions | 490 | 977 | 28,556 | 58,947 |
Shares redeemed | (3,835) | (11,456) | (230,908) | (711,381) |
Net increase (decrease) | (2,189) | (6,602) | $(133,185) | $(407,138) |
Canada | ||||
Shares sold | 410,216 | 2,660,313 | $24,967,370 | $168,972,527 |
Reinvestment of distributions | 524,933 | 619,960 | 30,971,047 | 37,922,967 |
Shares redeemed | (842,442) | (1,624,197) | (51,321,372) | (101,772,732) |
Net increase (decrease) | 92,707 | 1,656,076 | $4,617,045 | $105,122,762 |
Class I | ||||
Shares sold | 35,576 | 238,697 | $2,148,035 | $15,537,489 |
Reinvestment of distributions | 10,141 | 12,737 | 598,723 | 779,507 |
Shares redeemed | (88,462) | (183,998) | (5,338,495) | (11,689,703) |
Net increase (decrease) | (42,745) | 67,436 | $(2,591,737) | $4,627,293 |
Class Z | ||||
Shares sold | 21,520 | 156,264 | $1,278,433 | $10,087,519 |
Reinvestment of distributions | 2,264 | 18,285 | 133,088 | 1,112,618 |
Shares redeemed | (56,929) | (403,081) | (3,487,546) | (22,954,436) |
Net increase (decrease) | (33,145) | (228,532) | $(2,076,025) | $(11,754,299) |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 17.8 | |
Tencent Holdings Ltd. (Interactive Media & Services) | 9.9 | |
Alibaba Group Holding Ltd. (Broadline Retail) | 5.6 | |
AIA Group Ltd. (Insurance) | 5.0 | |
Meituan Class B (Hotels, Restaurants & Leisure) | 4.0 | |
China Construction Bank Corp. (H Shares) (Banks) | 2.4 | |
Industrial & Commercial Bank of China Ltd. (H Shares) (Banks) | 2.2 | |
Hong Kong Exchanges and Clearing Ltd. (Capital Markets) | 2.1 | |
Zijin Mining Group Co. Ltd. (H Shares) (Metals & Mining) | 2.1 | |
Kweichow Moutai Co. Ltd. (A Shares) (Beverages) | 2.0 | |
53.1 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 25.2 | |
Consumer Discretionary | 22.5 | |
Financials | 16.1 | |
Communication Services | 14.0 | |
Health Care | 5.7 | |
Consumer Staples | 4.6 | |
Industrials | 3.8 | |
Materials | 3.1 | |
Real Estate | 2.5 | |
Energy | 1.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 13.3% | |||
Entertainment - 3.4% | |||
Bilibili, Inc. ADR (a) | 92,200 | 1,877,192 | |
NetEase, Inc. | 1,190,900 | 21,200,880 | |
Sea Ltd. ADR (a) | 182,800 | 13,923,876 | |
37,001,948 | |||
Interactive Media & Services - 9.9% | |||
Tencent Holdings Ltd. | 2,387,700 | 106,052,360 | |
TOTAL COMMUNICATION SERVICES | 143,054,308 | ||
CONSUMER DISCRETIONARY - 22.5% | |||
Automobiles - 3.0% | |||
Brilliance China Automotive Holdings Ltd. | 1,668,000 | 701,165 | |
BYD Co. Ltd. (H Shares) | 290,000 | 8,794,613 | |
Great Wall Motor Co. Ltd. (H Shares) (b) | 4,248,500 | 5,155,880 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 9,646,000 | 6,020,233 | |
Li Auto, Inc.: | |||
ADR (a) | 387,000 | 9,094,500 | |
Class A (a) | 249,800 | 2,958,596 | |
32,724,987 | |||
Broadline Retail - 7.9% | |||
Alibaba Group Holding Ltd. (a) | 5,675,200 | 60,007,447 | |
JD.com, Inc.: | |||
Class A | 309,300 | 5,520,338 | |
sponsored ADR | 61,700 | 2,203,924 | |
PDD Holdings, Inc. ADR (a) | 249,805 | 17,024,211 | |
84,755,920 | |||
Hotels, Restaurants & Leisure - 7.1% | |||
Galaxy Entertainment Group Ltd. | 1,411,000 | 10,042,504 | |
Meituan Class B (a)(c) | 2,547,758 | 43,542,349 | |
TravelSky Technology Ltd. (H Shares) | 3,063,000 | 6,114,140 | |
Trip.com Group Ltd. (a) | 144,000 | 5,119,911 | |
Trip.com Group Ltd. ADR (a) | 330,400 | 11,732,504 | |
76,551,408 | |||
Household Durables - 1.0% | |||
Haier Smart Home Co. Ltd. (A Shares) | 3,282,727 | 11,287,301 | |
Specialty Retail - 0.6% | |||
China Tourism Group Duty Free Corp. Ltd. (A Shares) | 262,200 | 6,131,597 | |
Textiles, Apparel & Luxury Goods - 2.9% | |||
Li Ning Co. Ltd. | 1,458,000 | 10,427,059 | |
LVMH Moet Hennessy Louis Vuitton SE | 15,900 | 15,293,913 | |
Shenzhou International Group Holdings Ltd. | 555,300 | 5,333,749 | |
31,054,721 | |||
TOTAL CONSUMER DISCRETIONARY | 242,505,934 | ||
CONSUMER STAPLES - 4.6% | |||
Beverages - 2.8% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 84,845 | 21,648,585 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 337,760 | 8,271,344 | |
29,919,929 | |||
Food Products - 0.8% | |||
Uni-President Enterprises Corp. | 3,562,000 | 8,533,423 | |
Household Products - 0.4% | |||
C&S Paper Co. Ltd. (A Shares) | 2,955,102 | 5,043,398 | |
Personal Care Products - 0.6% | |||
Proya Cosmetics Co. Ltd. (A Shares) | 267,260 | 6,502,292 | |
TOTAL CONSUMER STAPLES | 49,999,042 | ||
ENERGY - 1.3% | |||
Energy Equipment & Services - 1.3% | |||
China Oilfield Services Ltd. (H Shares) | 12,112,000 | 14,246,424 | |
FINANCIALS - 16.1% | |||
Banks - 5.8% | |||
China Construction Bank Corp. (H Shares) | 39,046,610 | 26,103,690 | |
E.SUN Financial Holdings Co. Ltd. | 10,799,144 | 8,776,283 | |
Hang Seng Bank Ltd. | 248,800 | 3,687,926 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 43,988,000 | 23,665,732 | |
62,233,631 | |||
Capital Markets - 2.1% | |||
Hong Kong Exchanges and Clearing Ltd. | 560,200 | 23,257,767 | |
Financial Services - 1.1% | |||
Far East Horizon Ltd. | 13,122,500 | 11,805,292 | |
Far East Horizon Ltd. rights (a) | 110,273 | 0 | |
11,805,292 | |||
Insurance - 7.1% | |||
AIA Group Ltd. | 4,969,200 | 54,100,057 | |
China Pacific Insurance (Group) Co. Ltd. (H Shares) | 3,278,800 | 9,793,884 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 955,500 | 6,970,870 | |
Prudential PLC | 359,500 | 5,500,724 | |
76,365,535 | |||
TOTAL FINANCIALS | 173,662,225 | ||
HEALTH CARE - 5.5% | |||
Biotechnology - 1.4% | |||
Innovent Biologics, Inc. (a)(c) | 1,021,000 | 4,909,042 | |
Zai Lab Ltd. (a) | 986,000 | 3,452,085 | |
Zai Lab Ltd. ADR (a) | 182,900 | 6,397,842 | |
14,758,969 | |||
Health Care Equipment & Supplies - 1.1% | |||
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(c) | 2,176,600 | 1,913,229 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 211,015 | 9,539,929 | |
11,453,158 | |||
Life Sciences Tools & Services - 1.7% | |||
Hangzhou Tigermed Consulting Co. Ltd. (H Shares) (c) | 391,600 | 3,262,107 | |
Pharmaron Beijing Co. Ltd. (H Shares) (c) | 614,900 | 2,665,848 | |
WuXi AppTec Co. Ltd. (H Shares) (c) | 346,500 | 3,047,444 | |
Wuxi Biologics (Cayman), Inc. (a)(c) | 1,622,500 | 9,674,707 | |
18,650,106 | |||
Pharmaceuticals - 1.3% | |||
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b)(c) | 453,940 | 5,705,085 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 3,340,000 | 6,093,172 | |
Zhejiang Starry Pharmaceutical Co. Ltd. | 907,233 | 2,274,710 | |
14,072,967 | |||
TOTAL HEALTH CARE | 58,935,200 | ||
INDUSTRIALS - 3.8% | |||
Aerospace & Defense - 0.1% | |||
Space Exploration Technologies Corp. Class A (a)(d)(e) | 10,000 | 770,000 | |
Air Freight & Logistics - 0.4% | |||
Milkyway Chemical Supply Chain Service Co. Ltd. (A Shares) | 308,329 | 4,128,577 | |
Construction & Engineering - 0.6% | |||
China State Construction International Holdings Ltd. | 5,064,000 | 6,296,079 | |
Electrical Equipment - 0.3% | |||
Sungrow Power Supply Co. Ltd. (A Shares) | 191,634 | 3,137,379 | |
Machinery - 2.2% | |||
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 1,038,213 | 9,299,180 | |
Sinotruk Hong Kong Ltd. | 1,842,500 | 2,815,785 | |
Techtronic Industries Co. Ltd. | 454,500 | 4,917,003 | |
Weichai Power Co. Ltd. (H Shares) | 3,298,000 | 4,874,910 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 693,784 | 2,347,518 | |
24,254,396 | |||
Professional Services - 0.2% | |||
Centre Testing International Group Co. Ltd. (A Shares) | 923,700 | 2,577,204 | |
TOTAL INDUSTRIALS | 41,163,635 | ||
INFORMATION TECHNOLOGY - 24.1% | |||
Communications Equipment - 0.2% | |||
ZTE Corp. (H Shares) | 772,800 | 2,489,024 | |
Electronic Equipment, Instruments & Components - 1.1% | |||
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 2,213,000 | 7,535,638 | |
Yageo Corp. | 287,000 | 4,649,292 | |
12,184,930 | |||
IT Services - 0.2% | |||
Vnet Group, Inc. ADR (a) | 913,783 | 2,686,522 | |
Semiconductors & Semiconductor Equipment - 22.3% | |||
eMemory Technology, Inc. | 190,481 | 11,381,239 | |
MediaTek, Inc. | 714,000 | 15,514,256 | |
Micron Technology, Inc. | 102,100 | 6,571,156 | |
Parade Technologies Ltd. | 293,608 | 8,986,205 | |
Silergy Corp. | 380,000 | 5,993,853 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 11,717,000 | 191,738,734 | |
240,185,443 | |||
Software - 0.3% | |||
LongShine Technology Group Co. Ltd. (A Shares) | 781,600 | 2,715,550 | |
TOTAL INFORMATION TECHNOLOGY | 260,261,469 | ||
MATERIALS - 3.1% | |||
Chemicals - 0.1% | |||
Weihai Guangwei Composites Co. Ltd. (A Shares) | 106,058 | 800,540 | |
Construction Materials - 0.3% | |||
West China Cement Ltd. | 24,942,000 | 3,090,531 | |
Containers & Packaging - 0.6% | |||
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 1,974,671 | 7,247,761 | |
Metals & Mining - 2.1% | |||
Zijin Mining Group Co. Ltd. (H Shares) | 13,316,000 | 22,544,729 | |
TOTAL MATERIALS | 33,683,561 | ||
REAL ESTATE - 2.4% | |||
Real Estate Management & Development - 2.4% | |||
China Resources Mixc Lifestyle Services Ltd. (c) | 1,142,000 | 6,054,434 | |
Hysan Development Co. Ltd. | 925,000 | 2,614,092 | |
KE Holdings, Inc. ADR (a) | 580,131 | 9,102,255 | |
Longfor Properties Co. Ltd. (c) | 2,394,000 | 6,551,178 | |
Seazen Group Ltd. (a) | 7,250,000 | 1,558,469 | |
25,880,428 | |||
TOTAL COMMON STOCKS (Cost $935,104,632) | 1,043,392,226 | ||
Preferred Stocks - 2.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.9% | |||
COMMUNICATION SERVICES - 0.7% | |||
Interactive Media & Services - 0.7% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 38,752 | 7,711,648 | |
HEALTH CARE - 0.2% | |||
Health Care Providers & Services - 0.2% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 275,211 | 2,441,122 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 10,152,770 | ||
Nonconvertible Preferred Stocks - 1.2% | |||
INFORMATION TECHNOLOGY - 1.1% | |||
Technology Hardware, Storage & Peripherals - 1.1% | |||
Samsung Electronics Co. Ltd. | 273,930 | 11,456,149 | |
REAL ESTATE - 0.1% | |||
Real Estate Management & Development - 0.1% | |||
ZKH Group Ltd. Series F (e) | 3,131,343 | 1,158,597 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 12,614,746 | ||
TOTAL PREFERRED STOCKS (Cost $21,962,567) | 22,767,516 | ||
Money Market Funds - 1.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 12,336,943 | 12,339,410 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 4,281,030 | 4,281,458 | |
TOTAL MONEY MARKET FUNDS (Cost $16,620,868) | 16,620,868 | ||
TOTAL INVESTMENT IN SECURITIES - 100.4% (Cost $973,688,067) | 1,082,780,610 |
NET OTHER ASSETS (LIABILITIES) - (0.4)% | (4,110,648) |
NET ASSETS - 100.0% | 1,078,669,962 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $93,418,595 or 8.7% of net assets. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $10,922,770 or 1.0% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 4,246,219 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 3,908,863 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 419,990 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 31,370,924 | 122,572,058 | 141,603,572 | 362,889 | - | - | 12,339,410 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 4,494,305 | 72,942,082 | 73,154,929 | 51,700 | - | - | 4,281,458 | 0.0% |
Total | 35,865,229 | 195,514,140 | 214,758,501 | 414,589 | - | - | 16,620,868 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 150,765,956 | 15,801,068 | 127,253,240 | 7,711,648 |
Consumer Discretionary | 242,505,934 | 40,055,139 | 202,450,795 | - |
Consumer Staples | 49,999,042 | - | 49,999,042 | - |
Energy | 14,246,424 | - | 14,246,424 | - |
Financials | 173,662,225 | - | 173,662,225 | - |
Health Care | 61,376,322 | 6,397,842 | 52,537,358 | 2,441,122 |
Industrials | 41,163,635 | - | 40,393,635 | 770,000 |
Information Technology | 271,717,618 | 9,257,678 | 262,459,940 | - |
Materials | 33,683,561 | - | 33,683,561 | - |
Real Estate | 27,039,025 | 9,102,255 | 16,778,173 | 1,158,597 |
Money Market Funds | 16,620,868 | 16,620,868 | - | - |
Total Investments in Securities: | 1,082,780,610 | 97,234,850 | 973,464,393 | 12,081,367 |
Investments in Securities: | |||
Beginning Balance | $ | 11,025,509 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | 1,055,858 | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 12,081,367 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2023 | $ | 1,055,858 | |
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, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $3,505,799) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $957,067,199) | $ | 1,066,159,742 | ||
Fidelity Central Funds (cost $16,620,868) | 16,620,868 | |||
Total Investment in Securities (cost $973,688,067) | $ | 1,082,780,610 | ||
Foreign currency held at value (cost $54) | 54 | |||
Receivable for investments sold | 8,692,914 | |||
Receivable for fund shares sold | 643,392 | |||
Dividends receivable | 377,657 | |||
Distributions receivable from Fidelity Central Funds | 68,899 | |||
Prepaid expenses | 472 | |||
Other receivables | 17,238 | |||
Total assets | 1,092,581,236 | |||
Liabilities | ||||
Payable for investments purchased | $ | 8,035,257 | ||
Payable for fund shares redeemed | 632,239 | |||
Accrued management fee | 627,159 | |||
Distribution and service plan fees payable | 16,544 | |||
Other affiliated payables | 211,715 | |||
Other payables and accrued expenses | 108,360 | |||
Collateral on securities loaned | 4,280,000 | |||
Total Liabilities | 13,911,274 | |||
Net Assets | $ | 1,078,669,962 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,116,097,173 | ||
Total accumulated earnings (loss) | (37,427,211) | |||
Net Assets | $ | 1,078,669,962 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($26,649,775 ÷ 807,657 shares) (a) | $ | 33.00 | ||
Maximum offering price per share (100/94.25 of $33.00) | $ | 35.01 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($8,639,886 ÷ 263,946 shares) (a) | $ | 32.73 | ||
Maximum offering price per share (100/96.50 of $32.73) | $ | 33.92 | ||
Class C : | ||||
Net Asset Value and offering price per share ($7,719,748 ÷ 245,914 shares) (a) | $ | 31.39 | ||
China Region : | ||||
Net Asset Value , offering price and redemption price per share ($977,872,613 ÷ 29,220,912 shares) | $ | 33.46 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($45,195,772 ÷ 1,361,256 shares) | $ | 33.20 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($12,592,168 ÷ 379,136 shares) | $ | 33.21 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 8,285,840 | ||
Income from Fidelity Central Funds (including $51,700 from security lending) | 414,589 | |||
Income before foreign taxes withheld | $ | 8,700,429 | ||
Less foreign taxes withheld | (498,744) | |||
Total Income | 8,201,685 | |||
Expenses | ||||
Management fee | $ | 3,704,234 | ||
Transfer agent fees | 1,001,247 | |||
Distribution and service plan fees | 96,131 | |||
Accounting fees | 242,095 | |||
Custodian fees and expenses | 116,423 | |||
Independent trustees' fees and expenses | 3,589 | |||
Registration fees | 57,555 | |||
Audit | 47,481 | |||
Legal | 1,303 | |||
Miscellaneous | 2,471 | |||
Total expenses before reductions | 5,272,529 | |||
Expense reductions | (27,271) | |||
Total expenses after reductions | 5,245,258 | |||
Net Investment income (loss) | 2,956,427 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,796,089 | |||
Foreign currency transactions | 206,377 | |||
Total net realized gain (loss) | 3,002,466 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 254,557,372 | |||
Assets and liabilities in foreign currencies | 314,425 | |||
Total change in net unrealized appreciation (depreciation) | 254,871,797 | |||
Net gain (loss) | 257,874,263 | |||
Net increase (decrease) in net assets resulting from operations | $ | 260,830,690 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,956,427 | $ | 8,621,218 |
Net realized gain (loss) | 3,002,466 | (142,874,829) | ||
Change in net unrealized appreciation (depreciation) | 254,871,797 | (593,880,795) | ||
Net increase (decrease) in net assets resulting from operations | 260,830,690 | (728,134,406) | ||
Distributions to shareholders | (10,463,693) | (163,021,571) | ||
Share transactions - net increase (decrease) | 36,719,369 | (137,715,540) | ||
Total increase (decrease) in net assets | 287,086,366 | (1,028,871,517) | ||
Net Assets | ||||
Beginning of period | 791,583,596 | 1,820,455,113 | ||
End of period | $ | 1,078,669,962 | $ | 791,583,596 |
Fidelity Advisor® China Region Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.85 | $ | 50.32 | $ | 50.90 | $ | 35.86 | $ | 28.73 | $ | 34.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .14 | .06 | .08 | .15 | .15 | ||||||
Net realized and unrealized gain (loss) | 8.30 C | (20.99) | 1.95 | 15.11 | 7.10 | (5.56) | ||||||
Total from investment operations | 8.34 | (20.85) | 2.01 | 15.19 | 7.25 | (5.41) | ||||||
Distributions from net investment income | (.19) | - | (.44) | (.15) | (.12) | (.08) | ||||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | - | ||||||
Total distributions | (.19) | (4.62) | (2.59) D | (.15) | (.12) | (.08) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 33.00 | $ | 24.85 | $ | 50.32 | $ | 50.90 | $ | 35.86 | $ | 28.73 |
Total Return F,G,H | 33.58% C | (45.20)% | 3.65% | 42.52% | 25.30% | (15.86)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.25% K | 1.23% | 1.21% | 1.24% | 1.27% | 1.27% | ||||||
Expenses net of fee waivers, if any | 1.24% K | 1.22% | 1.21% | 1.24% | 1.26% | 1.27% | ||||||
Expenses net of all reductions | 1.24% K | 1.22% | 1.21% | 1.22% | 1.26% | 1.24% | ||||||
Net investment income (loss) | .26% K | .38% | .11% | .18% | .44% | .43% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 26,650 | $ | 19,362 | $ | 45,301 | $ | 39,303 | $ | 29,963 | $ | 23,424 |
Portfolio turnover rate L | 26% K | 20% | 60% | 60% | 80% | 60% |
Fidelity Advisor® China Region Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.61 | $ | 50.02 | $ | 50.64 | $ | 35.66 | $ | 28.55 | $ | 34.05 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | .03 | (.10) | (.05) | .04 | .03 | ||||||
Net realized and unrealized gain (loss) | 8.21 D | (20.82) | 1.96 | 15.04 | 7.07 | (5.53) | ||||||
Total from investment operations | 8.21 | (20.79) | 1.86 | 14.99 | 7.11 | (5.50) | ||||||
Distributions from net investment income | (.09) | - | (.32) | (.01) | - | - | ||||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | - | ||||||
Total distributions | (.09) | (4.62) | (2.48) | (.01) | - | - | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 32.73 | $ | 24.61 | $ | 50.02 | $ | 50.64 | $ | 35.66 | $ | 28.55 |
Total Return E,F,G | 33.38% D | (45.37)% | 3.36% | 42.04% | 24.90% | (16.15)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.52% J | 1.53% | 1.50% | 1.56% | 1.59% | 1.62% | ||||||
Expenses net of fee waivers, if any | 1.52% J | 1.53% | 1.50% | 1.56% | 1.59% | 1.62% | ||||||
Expenses net of all reductions | 1.50% J | 1.53% | 1.50% | 1.53% | 1.58% | 1.58% | ||||||
Net investment income (loss) | -% J,K | .08% | (.18)% | (.13)% | .12% | .08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 8,640 | $ | 5,803 | $ | 12,623 | $ | 12,028 | $ | 9,251 | $ | 8,132 |
Portfolio turnover rate L | 26% J | 20% | 60% | 60% | 80% | 60% |
Fidelity Advisor® China Region Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.59 | $ | 48.34 | $ | 49.10 | $ | 34.71 | $ | 27.90 | $ | 33.41 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.07) | (.13) | (.35) | (.22) | (.09) | (.11) | ||||||
Net realized and unrealized gain (loss) | 7.87 C | (20.00) | 1.92 | 14.61 | 6.90 | (5.40) | ||||||
Total from investment operations | 7.80 | (20.13) | 1.57 | 14.39 | 6.81 | (5.51) | ||||||
Distributions from net investment income | - | - | (.17) | - | - | - | ||||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | - | ||||||
Total distributions | - | (4.62) | (2.33) | - | - | - | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 31.39 | $ | 23.59 | $ | 48.34 | $ | 49.10 | $ | 34.71 | $ | 27.90 |
Total Return E,F,G | 33.06% C | (45.60)% | 2.89% | 41.46% | 24.41% | (16.49)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.96% J | 1.96% | 1.96% | 1.98% | 2.00% | 2.01% | ||||||
Expenses net of fee waivers, if any | 1.96% J | 1.96% | 1.96% | 1.98% | 2.00% | 2.01% | ||||||
Expenses net of all reductions | 1.95% J | 1.96% | 1.96% | 1.96% | 1.99% | 1.98% | ||||||
Net investment income (loss) | (.45)% J | (.36)% | (.65)% | (.55)% | (.29)% | (.31)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 7,720 | $ | 5,784 | $ | 13,168 | $ | 11,308 | $ | 9,437 | $ | 10,138 |
Portfolio turnover rate K | 26% J | 20% | 60% | 60% | 80% | 60% |
Fidelity® China Region Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.28 | $ | 51.03 | $ | 51.53 | $ | 36.30 | $ | 29.11 | $ | 34.64 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .25 | .23 | .21 | .25 | .26 | ||||||
Net realized and unrealized gain (loss) | 8.43 C | (21.32) | 1.97 | 15.28 | 7.19 | (5.65) | ||||||
Total from investment operations | 8.52 | (21.07) | 2.20 | 15.49 | 7.44 | (5.39) | ||||||
Distributions from net investment income | (.34) | (.06) | (.54) | (.26) | (.25) | (.14) | ||||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | - | ||||||
Total distributions | (.34) | (4.68) | (2.70) | (.26) | (.25) | (.14) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 33.46 | $ | 25.28 | $ | 51.03 | $ | 51.53 | $ | 36.30 | $ | 29.11 |
Total Return E,F | 33.73% C | (45.04)% | 3.97% | 42.95% | 25.72% | (15.62)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .95% I | .94% | .91% | .93% | .95% | .96% | ||||||
Expenses net of fee waivers, if any | .94% I | .93% | .91% | .93% | .95% | .96% | ||||||
Expenses net of all reductions | .94% I | .93% | .91% | .91% | .95% | .93% | ||||||
Net investment income (loss) | .56% I | .67% | .41% | .49% | .76% | .74% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 977,873 | $ | 736,185 | $ | 1,609,326 | $ | 1,518,404 | $ | 1,093,827 | $ | 969,679 |
Portfolio turnover rate J | 26% I | 20% | 60% | 60% | 80% | 60% |
Fidelity Advisor® China Region Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.07 | $ | 50.63 | $ | 51.16 | $ | 36.05 | $ | 28.90 | $ | 34.41 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .25 | .22 | .20 | .25 | .26 | ||||||
Net realized and unrealized gain (loss) | 8.37 C | (21.15) | 1.96 | 15.17 | 7.13 | (5.61) | ||||||
Total from investment operations | 8.47 | (20.90) | 2.18 | 15.37 | 7.38 | (5.35) | ||||||
Distributions from net investment income | (.34) | (.04) | (.55) | (.26) | (.23) | (.16) | ||||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | - | ||||||
Total distributions | (.34) | (4.66) | (2.71) | (.26) | (.23) | (.16) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 33.20 | $ | 25.07 | $ | 50.63 | $ | 51.16 | $ | 36.05 | $ | 28.90 |
Total Return E,F | 33.79% C | (45.05)% | 3.96% | 42.91% | 25.71% | (15.63)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .93% I | .93% | .93% | .95% | .97% | .98% | ||||||
Expenses net of fee waivers, if any | .93% I | .93% | .93% | .95% | .96% | .98% | ||||||
Expenses net of all reductions | .93% I | .93% | .93% | .93% | .96% | .95% | ||||||
Net investment income (loss) | .57% I | .68% | .39% | .48% | .74% | .72% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 45,196 | $ | 20,509 | $ | 68,464 | $ | 47,688 | $ | 27,410 | $ | 20,854 |
Portfolio turnover rate J | 26% I | 20% | 60% | 60% | 80% | 60% |
Fidelity Advisor® China Region Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.02 | $ | 50.57 | $ | 51.07 | $ | 36.00 | $ | 28.91 | $ | 32.63 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .12 | .30 | .29 | .26 | .30 | .01 | ||||||
Net realized and unrealized gain (loss) | 8.35 D | (21.10) | 1.95 | 15.14 | 7.11 | (3.73) | ||||||
Total from investment operations | 8.47 | (20.80) | 2.24 | 15.40 | 7.41 | (3.72) | ||||||
Distributions from net investment income | (.28) | (.12) | (.59) | (.33) | (.32) | - | ||||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | - | ||||||
Total distributions | (.28) | (4.75) E | (2.74) E | (.33) | (.32) | - | ||||||
Net asset value, end of period | $ | 33.21 | $ | 25.02 | $ | 50.57 | $ | 51.07 | $ | 36.00 | $ | 28.91 |
Total Return F,G | 33.86% D | (44.97)% | 4.09% | 43.13% | 25.86% | (11.40)% | ||||||
Ratios to Average Net Assets C,H,I | ||||||||||||
Expenses before reductions | .80% J | .80% | .80% | .81% | .82% | .91% J | ||||||
Expenses net of fee waivers, if any | .80% J | .80% | .80% | .81% | .82% | .90% J | ||||||
Expenses net of all reductions | .80% J | .80% | .80% | .79% | .81% | .87% J | ||||||
Net investment income (loss) | .70% J | .81% | .52% | .61% | .89% | .57% J | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,592 | $ | 3,940 | $ | 71,573 | $ | 71,121 | $ | 46,861 | $ | 323 |
Portfolio turnover rate K | 26% J | 20% | 60% | 60% | 80% | 60% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $12,081,367 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.4 - 8.5 / 4.7 | Increase |
Gross unrealized appreciation | $270,250,352 |
Gross unrealized depreciation | (176,532,572) |
Net unrealized appreciation (depreciation) | $93,717,780 |
Tax cost | $989,062,830 |
Short-term | $(99,049,173) |
Long-term | (34,928,533) |
Total capital loss carryforward | $(133,977,706) |
Purchases ($) | Sales ($) | |
Fidelity China Region Fund | 185,085,233 | 132,961,986 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $33,906 | $779 |
Class M | .25% | .25% | 21,020 | 263 |
Class C | .75% | .25% | 41,205 | 7,949 |
$96,131 | $8,991 |
Retained by FDC | |
Class A | $4,004 |
Class M | 1,564 |
Class C A | 325 |
$5,893 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $31,380 | .23 |
Class M | 10,756 | .26 |
Class C | 7,984 | .19 |
China Region | 917,016 | .18 |
Class I | 32,351 | .17 |
Class Z | 1,760 | .04 |
$1,001,247 |
% of Average Net Assets | |
Fidelity China Region Fund | .04 |
Amount | |
Fidelity China Region Fund | $1,286 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity China Region Fund | 8,857,783 | 2,809,204 | 777,175 |
Amount | |
Fidelity China Region Fund | $1,054 |
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 China Region Fund | $5,523 | $- | $- |
Expense reduction | |
Class A | $402 |
Class M | 483 |
Class C | 49 |
$934 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity China Region Fund | ||
Distributions to shareholders | ||
Class A | $147,676 | $4,134,709 |
Class M | 22,086 | 1,142,842 |
Class C | - | 1,227,041 |
China Region | 9,963,708 | 144,410,750 |
Class I | 287,558 | 5,718,145 |
Class Z | 42,665 | 6,388,084 |
Total | $10,463,693 | $163,021,571 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity China Region Fund | ||||
Class A | ||||
Shares sold | 142,348 | 167,076 | $5,016,973 | $6,290,832 |
Reinvestment of distributions | 4,346 | 93,787 | 141,383 | 3,954,050 |
Shares redeemed | (118,254) | (381,933) | (3,929,816) | (12,663,126) |
Net increase (decrease) | 28,440 | (121,070) | $1,228,540 | $(2,418,244) |
Class M | ||||
Shares sold | 48,481 | 14,193 | $1,769,939 | $518,243 |
Reinvestment of distributions | 682 | 27,154 | 22,023 | 1,136,944 |
Shares redeemed | (21,000) | (57,927) | (705,307) | (2,269,682) |
Net increase (decrease) | 28,163 | (16,580) | $1,086,655 | $(614,495) |
Class C | ||||
Shares sold | 63,082 | 52,147 | $2,109,329 | $1,830,320 |
Reinvestment of distributions | - | 28,637 | - | 1,153,507 |
Shares redeemed | (62,403) | (107,986) | (1,959,869) | (4,068,826) |
Net increase (decrease) | 679 | (27,202) | $149,460 | $(1,084,999) |
China Region | ||||
Shares sold | 3,583,185 | 4,318,983 | $124,632,995 | $163,821,858 |
Reinvestment of distributions | 285,364 | 3,187,084 | 9,405,600 | 136,311,566 |
Shares redeemed | (3,771,823) | (9,920,317) | (127,181,627) | (380,571,112) |
Net increase (decrease) | 96,726 | (2,414,250) | $6,856,968 | $(80,437,688) |
Class I | ||||
Shares sold | 808,487 | 518,992 | $28,385,168 | $19,260,467 |
Reinvestment of distributions | 7,396 | 117,730 | 241,861 | 4,994,105 |
Shares redeemed | (272,576) | (1,171,014) | (9,329,274) | (44,285,642) |
Net increase (decrease) | 543,307 | (534,292) | $19,297,755 | $(20,031,070) |
Class Z | ||||
Shares sold | 274,553 | 625,286 | $9,861,164 | $23,658,178 |
Reinvestment of distributions | 1,256 | 148,353 | 41,047 | 6,272,360 |
Shares redeemed | (54,131) | (2,031,604) | (1,802,220) | (63,059,582) |
Net increase (decrease) | 221,678 | (1,257,965) | $8,099,991 | $(33,129,044) |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 10.3 | |
Alibaba Group Holding Ltd. sponsored ADR (China, Broadline Retail) | 7.3 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 6.1 | |
Zomato Ltd. (India, Hotels, Restaurants & Leisure) | 2.9 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.9 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.8 | |
Sea Ltd. ADR (Singapore, Entertainment) | 2.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 1.9 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.8 | |
Micron Technology, Inc.(United States of America, Semiconductors & Semiconductor Equipment) | 1.8 | |
39.8 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 30.6 | |
Consumer Discretionary | 26.2 | |
Financials | 12.1 | |
Health Care | 8.7 | |
Communication Services | 7.0 | |
Industrials | 6.5 | |
Energy | 2.9 | |
Real Estate | 1.7 | |
Consumer Staples | 1.7 | |
Materials | 1.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.2% | |||
Shares | Value ($) | ||
China - 39.3% | |||
Agora, Inc. ADR (a) | 470,000 | 1,574,500 | |
Akeso, Inc. (a)(b)(c) | 646,732 | 3,551,976 | |
Alibaba Group Holding Ltd. (a) | 3,006,364 | 31,788,171 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 448,405 | 37,975,419 | |
Anhui Korrun Co. Ltd. (A Shares) | 1,325,261 | 3,156,080 | |
Antengene Corp. (a)(c) | 3,408,163 | 1,177,096 | |
Baidu, Inc.: | |||
Class A (a) | 103,600 | 1,559,378 | |
sponsored ADR (a) | 28,701 | 3,461,628 | |
Bairong, Inc. (a)(c) | 1,914,735 | 2,649,296 | |
BC Technology Group Ltd. (a) | 3,282,217 | 1,180,889 | |
Beijing Sinohytec Co. Ltd. (A Shares) | 439,880 | 5,128,280 | |
Bilibili, Inc. ADR (a)(b) | 501,772 | 10,216,078 | |
BYD Co. Ltd.: | |||
(A Shares) | 100,000 | 3,714,194 | |
(H Shares) | 347,264 | 10,531,216 | |
DPC Dash Ltd. | 326,300 | 2,109,725 | |
Empyrean Technology Co. Ltd. (A Shares) | 233,600 | 3,936,109 | |
Estun Automation Co. Ltd.: | |||
(A Shares) | 3,303,300 | 10,913,886 | |
(A Shares) | 855,528 | 2,826,608 | |
Glodon Co. Ltd. (A Shares) | 877,100 | 7,370,692 | |
GRG Metrology & Test Co. Ltd. (A Shares) | 1,041,390 | 3,415,935 | |
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares) | 551,732 | 6,541,774 | |
Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 465,297 | 6,137,577 | |
Hundsun Technologies, Inc. (A Shares) | 1,145,886 | 8,213,696 | |
Innovent Biologics, Inc. (a)(c) | 705,745 | 3,393,273 | |
Jiangxi Copper Co. Ltd. (A Shares) | 2,167,100 | 6,423,001 | |
Joinn Laboratories China Co. Ltd. (A Shares) | 611,686 | 4,391,439 | |
Kangji Medical Holdings Ltd. (b) | 1,511,945 | 1,905,184 | |
KE Holdings, Inc. ADR (a) | 772,765 | 12,124,683 | |
Kindstar Globalgene Technology, Inc. (a)(c) | 6,775,265 | 1,531,462 | |
Li Auto, Inc.: | |||
ADR (a) | 462,710 | 10,873,685 | |
Class A (a) | 326,484 | 3,866,830 | |
Meituan Class B (a)(c) | 1,029,469 | 17,594,096 | |
Microport Cardioflow Medtech Corp. (a)(b)(c) | 12,173,311 | 3,598,162 | |
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(c) | 1,296,269 | 1,139,419 | |
Ming Yuan Cloud Group Holdings Ltd. | 8,275,459 | 4,302,934 | |
New Horizon Health Ltd. (a)(c) | 1,922,040 | 6,897,319 | |
NXP Semiconductors NV | 38,762 | 6,346,890 | |
PDD Holdings, Inc. ADR (a) | 390,699 | 26,626,137 | |
RLX Technology, Inc. ADR (a) | 746,592 | 1,836,616 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 1,110,632 | 9,947,830 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 195,089 | 8,819,919 | |
Smoore International Holdings Ltd. (b)(c) | 2,133,176 | 2,493,716 | |
Sunac China Holdings Ltd. (a)(b) | 4,892,796 | 1,028,368 | |
Sungrow Power Supply Co. Ltd. (A Shares) | 716,542 | 11,731,026 | |
Tencent Holdings Ltd. | 208,856 | 9,276,572 | |
Trip.com Group Ltd. (a) | 248,157 | 8,823,206 | |
Trip.com Group Ltd. ADR (a) | 190,206 | 6,754,215 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(c) | 2,490,882 | 3,487,191 | |
Weihai Guangwei Composites Co. Ltd. (A Shares) | 672,960 | 5,079,591 | |
WuXi AppTec Co. Ltd. (H Shares) (c) | 854,720 | 7,517,204 | |
Wuxi Biologics (Cayman), Inc. (a)(c) | 1,338,999 | 7,984,236 | |
Yonyou Network Technology Co. Ltd. (A Shares) | 1,636,100 | 5,127,677 | |
Zai Lab Ltd. (a) | 493,310 | 1,727,128 | |
Zai Lab Ltd. ADR (a) | 94,279 | 3,297,879 | |
TOTAL CHINA | 375,077,091 | ||
Hong Kong - 2.5% | |||
AIA Group Ltd. | 1,432,672 | 15,597,609 | |
Hong Kong Exchanges and Clearing Ltd. | 142,944 | 5,934,592 | |
Huanxi Media Group Ltd. (a) | 19,829,015 | 2,504,893 | |
TOTAL HONG KONG | 24,037,094 | ||
India - 18.4% | |||
Amber Enterprises India Ltd. (a) | 79,174 | 1,814,813 | |
Asian Paints Ltd. | 107,389 | 3,825,834 | |
Aster DM Healthcare Ltd. (a)(c) | 663,051 | 2,008,221 | |
Bajaj Finance Ltd. | 41,901 | 3,235,368 | |
Campus Activewear Ltd. | 1,630,000 | 7,125,845 | |
Computer Age Management Services Private Ltd. | 326,313 | 8,257,251 | |
Delhivery Private Ltd. | 450,164 | 2,067,825 | |
Devyani International Ltd. (a) | 1,695,512 | 3,362,871 | |
Dixon Technologies India Ltd. | 134,879 | 4,831,592 | |
HDFC Asset Management Co. Ltd. (c) | 355,961 | 7,702,489 | |
HDFC Bank Ltd. | 499,403 | 10,336,157 | |
HDFC Standard Life Insurance Co. Ltd. (c) | 430,500 | 2,797,763 | |
Hindustan Aeronautics Ltd. | 170,895 | 6,126,417 | |
Housing Development Finance Corp. Ltd. | 293,158 | 9,998,976 | |
Indian Energy Exchange Ltd. (a)(c) | 1,110,458 | 2,135,380 | |
Kotak Mahindra Bank Ltd. | 207,066 | 4,933,384 | |
MakeMyTrip Ltd. (a) | 329,745 | 7,729,223 | |
One97 Communications Ltd. (a) | 1,417,007 | 11,374,370 | |
Page Industries Ltd. | 5,450 | 2,695,239 | |
Reliance Industries Ltd. | 915,221 | 27,208,140 | |
Sapphire Foods India Ltd. (a) | 236,579 | 3,477,031 | |
Tata Consultancy Services Ltd. | 171,952 | 6,805,584 | |
Tata Motors Ltd. (a) | 1,143,147 | 6,827,727 | |
Vijaya Diagnostic Centre Pvt Ltd. | 196,617 | 909,953 | |
Zomato Ltd. (a) | 34,497,779 | 27,615,333 | |
TOTAL INDIA | 175,202,786 | ||
Indonesia - 0.9% | |||
PT Bank Central Asia Tbk | 13,717,603 | 8,489,160 | |
Japan - 3.5% | |||
Money Forward, Inc. (a) | 401,557 | 16,722,577 | |
Renesas Electronics Corp. (a) | 769,328 | 10,026,228 | |
Z Holdings Corp. | 2,373,630 | 6,501,946 | |
TOTAL JAPAN | 33,250,751 | ||
Korea (South) - 9.8% | |||
Coupang, Inc. Class A (a) | 564,758 | 9,465,344 | |
Delivery Hero AG (a)(c) | 300,717 | 11,972,039 | |
Gabia, Inc. | 128,155 | 1,121,125 | |
Kakao Pay Corp. (a) | 188,330 | 7,742,364 | |
LG Energy Solution (a) | 3,400 | 1,482,428 | |
Samsung Electronics Co. Ltd. | 1,182,479 | 58,205,859 | |
SK Hynix, Inc. | 46,680 | 3,142,038 | |
TOTAL KOREA (SOUTH) | 93,131,197 | ||
Netherlands - 1.1% | |||
ASML Holding NV (Netherlands) | 7,702 | 4,867,199 | |
Shop Apotheke Europe NV (a)(b)(c) | 52,018 | 5,186,190 | |
TOTAL NETHERLANDS | 10,053,389 | ||
Russia - 0.1% | |||
Yandex NV Series A (a)(b)(d) | 153,309 | 1,165,148 | |
Singapore - 4.3% | |||
DBS Group Holdings Ltd. | 284,779 | 7,036,879 | |
Oversea-Chinese Banking Corp. Ltd. | 1,182,736 | 11,189,737 | |
Sea Ltd. ADR (a) | 248,990 | 18,965,568 | |
United Overseas Bank Ltd. | 201,231 | 4,273,736 | |
TOTAL SINGAPORE | 41,465,920 | ||
Switzerland - 0.7% | |||
Yunnan Botanee Bio-Technology Group Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 3/10/25 (a)(c) | 179,025 | 2,971,124 | |
ZWSOFT Co. Ltd. (Guangzhou) ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 10/12/23 (a)(c) | 144,349 | 4,104,914 | |
TOTAL SWITZERLAND | 7,076,038 | ||
Taiwan - 11.1% | |||
GlobalWafers Co. Ltd. | 255,000 | 4,004,839 | |
MediaTek, Inc. | 158,000 | 3,433,127 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,907,892 | 80,313,476 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 212,253 | 17,892,928 | |
TOTAL TAIWAN | 105,644,370 | ||
United States of America - 5.2% | |||
Frontage Holdings Corp. (a)(c) | 17,621,768 | 5,482,822 | |
GlobalFoundries, Inc. (a) | 76,792 | 4,515,370 | |
Micron Technology, Inc. | 260,875 | 16,789,915 | |
NVIDIA Corp. | 28,240 | 7,836,318 | |
onsemi (a) | 97,043 | 6,983,214 | |
Snap, Inc. Class A (a) | 773,523 | 6,737,385 | |
Space Exploration Technologies Corp. Class A (a)(d)(e) | 11,000 | 847,000 | |
TOTAL UNITED STATES OF AMERICA | 49,192,024 | ||
Vietnam - 0.3% | |||
Vietnam Dairy Products Corp. | 1,043,400 | 3,119,146 | |
TOTAL COMMON STOCKS (Cost $965,733,033) | 926,904,114 | ||
Preferred Stocks - 1.8% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.6% | |||
China - 0.6% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 23,366 | 4,649,834 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 128,423 | 1,139,112 | |
5,788,946 | |||
Nonconvertible Preferred Stocks - 1.2% | |||
China - 0.3% | |||
ZKH Group Ltd. Series F (d) | 8,603,093 | 3,183,144 | |
Korea (South) - 0.9% | |||
Samsung Electronics Co. Ltd. | 200,292 | 8,376,501 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 11,559,645 | ||
TOTAL PREFERRED STOCKS (Cost $16,082,759) | 17,348,591 | ||
Money Market Funds - 2.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 4,403,084 | 4,403,965 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 18,907,290 | 18,909,181 | |
TOTAL MONEY MARKET FUNDS (Cost $23,313,146) | 23,313,146 | ||
TOTAL INVESTMENT IN SECURITIES - 101.4% (Cost $1,005,128,938) | 967,565,851 |
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (13,656,508) |
NET ASSETS - 100.0% | 953,909,343 |
ELS | - | EQUITY-LINKED SECURITY |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $107,375,388 or 11.3% of net assets. |
(d) | Level 3 security |
(e) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $6,635,946 or 0.7% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 2,560,310 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 1,824,011 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 461,989 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 180,369 | 121,171,588 | 116,947,992 | 230,828 | - | - | 4,403,965 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 32,545,160 | 150,143,758 | 163,779,737 | 510,747 | - | - | 18,909,181 | 0.1% |
Total | 32,725,529 | 271,315,346 | 280,727,729 | 741,575 | - | - | 23,313,146 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 65,038,430 | 39,380,659 | 19,842,789 | 5,814,982 |
Consumer Discretionary | 250,730,031 | 111,396,062 | 139,333,969 | - |
Consumer Staples | 15,606,792 | 7,022,806 | 8,583,986 | - |
Energy | 27,208,140 | - | 27,208,140 | - |
Financials | 116,608,149 | - | 116,608,149 | - |
Health Care | 82,638,346 | 3,297,879 | 78,201,355 | 1,139,112 |
Industrials | 62,744,486 | - | 61,897,486 | 847,000 |
Information Technology | 292,013,710 | 66,806,334 | 225,207,376 | - |
Materials | 15,328,426 | - | 15,328,426 | - |
Real Estate | 16,336,195 | 12,124,683 | 1,028,368 | 3,183,144 |
Money Market Funds | 23,313,146 | 23,313,146 | - | - |
Total Investments in Securities: | 967,565,851 | 263,341,569 | 693,240,044 | 10,984,238 |
Investments in Securities: | |||
Beginning Balance | $ | 12,231,826 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (960) | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (1,246,628) | ||
Ending Balance | $ | 10,984,238 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2023 | $ | (960) | |
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, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $17,473,122) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $981,815,792) | $ | 944,252,705 | ||
Fidelity Central Funds (cost $23,313,146) | 23,313,146 | |||
Total Investment in Securities (cost $1,005,128,938) | $ | 967,565,851 | ||
Foreign currency held at value (cost $4,846,594) | 4,847,712 | |||
Receivable for investments sold | 6,028,688 | |||
Receivable for fund shares sold | 197,741 | |||
Dividends receivable | 633,766 | |||
Distributions receivable from Fidelity Central Funds | 76,962 | |||
Prepaid expenses | 424 | |||
Other receivables | 503,976 | |||
Total assets | 979,855,120 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,578,664 | ||
Payable for fund shares redeemed | 658,626 | |||
Accrued management fee | 475,286 | |||
Other affiliated payables | 197,833 | |||
Deferred taxes | 2,009,615 | |||
Other payables and accrued expenses | 115,342 | |||
Collateral on securities loaned | 18,910,411 | |||
Total Liabilities | 25,945,777 | |||
Net Assets | $ | 953,909,343 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,246,579,636 | ||
Total accumulated earnings (loss) | (292,670,293) | |||
Net Assets | $ | 953,909,343 | ||
Net Asset Value , offering price and redemption price per share ($953,909,343 ÷ 26,211,079 shares) | $ | 36.39 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 3,235,420 | ||
Non-Cash dividends | 256,116 | |||
Income from Fidelity Central Funds (including $510,747 from security lending) | 741,575 | |||
Income before foreign taxes withheld | $ | 4,233,111 | ||
Less foreign taxes withheld | (509,576) | |||
Total Income | 3,723,535 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 3,346,985 | ||
Performance adjustment | 727,469 | |||
Transfer agent fees | 964,873 | |||
Accounting fees | 221,220 | |||
Custodian fees and expenses | 101,709 | |||
Independent trustees' fees and expenses | 3,307 | |||
Registration fees | 19,651 | |||
Audit | 56,891 | |||
Legal | 1,244 | |||
Interest | 4,608 | |||
Miscellaneous | 2,237 | |||
Total expenses before reductions | 5,450,194 | |||
Expense reductions | (22,698) | |||
Total expenses after reductions | 5,427,496 | |||
Net Investment income (loss) | (1,703,961) | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $569,524) | (107,795,861) | |||
Foreign currency transactions | (105,524) | |||
Total net realized gain (loss) | (107,901,385) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $1,436,508) | 275,078,646 | |||
Assets and liabilities in foreign currencies | 379,736 | |||
Total change in net unrealized appreciation (depreciation) | 275,458,382 | |||
Net gain (loss) | 167,556,997 | |||
Net increase (decrease) in net assets resulting from operations | $ | 165,853,036 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | (1,703,961) | $ | (6,406,902) |
Net realized gain (loss) | (107,901,385) | (135,551,761) | ||
Change in net unrealized appreciation (depreciation) | 275,458,382 | (672,888,572) | ||
Net increase (decrease) in net assets resulting from operations | 165,853,036 | (814,847,235) | ||
Distributions to shareholders | - | (218,312,620) | ||
Share transactions | ||||
Proceeds from sales of shares | 68,096,921 | 116,575,535 | ||
Reinvestment of distributions | - | 202,673,713 | ||
Cost of shares redeemed | (103,567,472) | (462,682,896) | ||
Net increase (decrease) in net assets resulting from share transactions | (35,470,551) | (143,433,648) | ||
Total increase (decrease) in net assets | 130,382,485 | (1,176,593,503) | ||
Net Assets | ||||
Beginning of period | 823,526,858 | 2,000,120,361 | ||
End of period | $ | 953,909,343 | $ | 823,526,858 |
Other Information | ||||
Shares | ||||
Sold | 1,803,232 | 2,698,029 | ||
Issued in reinvestment of distributions | - | 3,879,665 | ||
Redeemed | (2,833,084) | (10,270,869) | ||
Net increase (decrease) | (1,029,852) | (3,693,175) | ||
Fidelity® Emerging Asia Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.23 | $ | 64.66 | $ | 63.60 | $ | 45.03 | $ | 36.69 | $ | 43.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.06) | (.22) | (.31) C | (.12) | .34 | .41 | ||||||
Net realized and unrealized gain (loss) | 6.22 | (26.97) | 11.00 | 21.49 | 9.27 | (7.27) | ||||||
Total from investment operations | 6.16 | (27.19) | 10.69 | 21.37 | 9.61 | (6.86) | ||||||
Distributions from net investment income | - | (.09) | - | (.29) D | (.39) | (.37) | ||||||
Distributions from net realized gain | - | (7.15) | (9.63) | (2.51) D | (.88) | (.02) | ||||||
Total distributions | - | (7.24) | (9.63) | (2.80) | (1.27) | (.39) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 36.39 | $ | 30.23 | $ | 64.66 | $ | 63.60 | $ | 45.03 | $ | 36.69 |
Total Return F,G | 20.38% | (46.77)% | 17.02% | 50.46% | 26.95% | (15.75)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.10% J | 1.18% | 1.02% | 1.13% | 1.11% | 1.02% | ||||||
Expenses net of fee waivers, if any | 1.10% J | 1.17% | 1.02% | 1.13% | 1.11% | 1.02% | ||||||
Expenses net of all reductions | 1.10% J | 1.17% | 1.02% | 1.10% | 1.11% | 1.00% | ||||||
Net investment income (loss) | (.34)% J | (.51)% | (.45)% C | (.24)% | .82% | .93% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 953,909 | $ | 823,527 | $ | 2,000,120 | $ | 1,578,782 | $ | 993,620 | $ | 913,940 |
Portfolio turnover rate K | 34% J | 44% | 85% | 114% | 61% L | 36% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $10,984,238 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.4 - 8.5 / 3.9 | Increase |
Market approach | Transaction price | $9.50 | Increase | ||
Discount rate | 20.0% | Decrease |
Gross unrealized appreciation | $219,176,600 |
Gross unrealized depreciation | (282,366,394) |
Net unrealized appreciation (depreciation) | $(63,189,794) |
Tax cost | $1,030,755,645 |
Short-term | $(111,911,461) |
Long-term | (4,880,227) |
Total capital loss carryforward | $(116,791,688) |
Purchases ($) | Sales ($) | |
Fidelity Emerging Asia Fund | 164,683,881 | 215,727,216 |
% of Average Net Assets | |
Fidelity Emerging Asia Fund | .04 |
Amount | |
Fidelity Emerging Asia Fund | $2,898 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Emerging Asia Fund | Borrower | $4,093,875 | 5.07% | $4,608 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Emerging Asia Fund | 3,177,098 | 8,804,915 | (6,897,412) |
Amount | |
Fidelity Emerging Asia Fund | $962 |
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 Emerging Asia Fund | $54,755 | $- | $- |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 8.3 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 6.1 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.6 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 3.4 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.9 | |
PT Bank Central Asia Tbk (Indonesia, Banks) | 2.7 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 2.6 | |
Kweichow Moutai Co. Ltd. (A Shares) (China, Beverages) | 2.5 | |
Housing Development Finance Corp. Ltd. (India, Financial Services) | 2.3 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.1 | |
37.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 26.4 | |
Financials | 18.7 | |
Consumer Discretionary | 11.4 | |
Communication Services | 9.3 | |
Health Care | 7.6 | |
Industrials | 6.5 | |
Consumer Staples | 6.5 | |
Energy | 5.6 | |
Materials | 4.4 | |
Utilities | 1.8 | |
Real Estate | 0.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.7% | |||
Shares | Value ($) | ||
Australia - 0.4% | |||
Lynas Rare Earths Ltd. (a) | 5,885,228 | 25,276,500 | |
Brazil - 2.5% | |||
Localiza Rent a Car SA | 7,017,537 | 81,616,609 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 27,237 | 93,706 | |
PagSeguro Digital Ltd. (a) | 1,068,399 | 10,513,046 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 17,010,284 | 41,674,821 | |
XP, Inc. Class A (a)(b) | 2,927,700 | 41,836,833 | |
TOTAL BRAZIL | 175,735,015 | ||
China - 25.8% | |||
Alibaba Group Holding Ltd. (a) | 17,145,032 | 181,285,169 | |
Bank of Chengdu Co. Ltd. (A Shares) | 17,931,644 | 35,728,045 | |
Bilibili, Inc. ADR (a)(b) | 1,830,000 | 37,258,800 | |
Chervon Holdings Ltd. | 9,903,337 | 50,396,823 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 31,570,000 | 57,593,250 | |
Huali Industrial Group Co. Ltd. (A Shares) | 3,864,963 | 24,716,738 | |
Kweichow Moutai Co. Ltd. (A Shares) | 694,180 | 177,123,164 | |
Meituan Class B (a)(c) | 7,791,310 | 133,157,050 | |
NetEase, Inc. ADR | 465,100 | 41,454,363 | |
PDD Holdings, Inc. ADR (a) | 2,185,700 | 148,955,455 | |
Shandong Sinocera Functional Material Co. Ltd. (A Shares) | 8,804,849 | 37,574,646 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 2,450,554 | 110,788,861 | |
Silergy Corp. | 2,949,000 | 46,515,456 | |
Sinopharm Group Co. Ltd. (H Shares) | 21,595,699 | 76,497,974 | |
Sunresin New Materials Co. Ltd. (A Shares) | 3,210,889 | 41,832,654 | |
Tencent Holdings Ltd. | 9,641,800 | 428,251,306 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 3,772,134 | 92,375,107 | |
Wuxi Biologics (Cayman), Inc. (a)(c) | 11,281,000 | 67,266,791 | |
Zai Lab Ltd. ADR (a) | 1,006,900 | 35,221,362 | |
TOTAL CHINA | 1,823,993,014 | ||
France - 3.2% | |||
Gaztransport et Technigaz SA | 387,948 | 41,444,176 | |
Hermes International SCA | 41,119 | 89,113,792 | |
LVMH Moet Hennessy Louis Vuitton SE | 66,999 | 64,445,087 | |
Sartorius Stedim Biotech | 128,400 | 34,309,860 | |
TOTAL FRANCE | 229,312,915 | ||
Hong Kong - 3.1% | |||
AIA Group Ltd. | 10,430,600 | 113,558,732 | |
Hong Kong Exchanges and Clearing Ltd. | 1,493,574 | 62,008,562 | |
Techtronic Industries Co. Ltd. | 4,269,000 | 46,184,131 | |
TOTAL HONG KONG | 221,751,425 | ||
Hungary - 0.8% | |||
Richter Gedeon PLC | 2,267,800 | 54,727,029 | |
India - 16.1% | |||
360 ONE WAM Ltd. | 5,663,156 | 29,166,212 | |
HDFC Bank Ltd. | 5,319,694 | 110,101,844 | |
HDFC Standard Life Insurance Co. Ltd. (c) | 8,040,600 | 52,254,798 | |
Housing Development Finance Corp. Ltd. | 4,846,446 | 165,301,636 | |
Kotak Mahindra Bank Ltd. | 4,620,048 | 110,073,453 | |
Larsen & Toubro Ltd. | 3,393,300 | 98,484,001 | |
Mankind Pharma Ltd. (d) | 38,701 | 485,715 | |
Mankind Pharma Ltd. (d) | 38,701 | 485,715 | |
Petronet LNG Ltd. | 19,126,300 | 55,610,265 | |
Power Grid Corp. of India Ltd. | 44,879,500 | 130,638,652 | |
Reliance Industries Ltd. | 7,001,618 | 208,147,546 | |
Restaurant Brands Asia Ltd. (a)(e) | 25,702,456 | 32,249,937 | |
Tata Consultancy Services Ltd. | 1,778,500 | 70,390,179 | |
Ultratech Cement Ltd. | 808,600 | 74,934,423 | |
TOTAL INDIA | 1,138,324,376 | ||
Indonesia - 2.7% | |||
PT Bank Central Asia Tbk | 307,131,870 | 190,069,026 | |
Italy - 1.2% | |||
Ferrari NV (b) | 293,700 | 81,836,568 | |
Japan - 0.4% | |||
Hoya Corp. | 290,400 | 30,449,904 | |
Kazakhstan - 1.0% | |||
Kaspi.KZ JSC GDR (Reg. S) | 865,300 | 71,387,250 | |
Kenya - 0.4% | |||
Safaricom Ltd. | 233,129,100 | 28,284,045 | |
Korea (South) - 5.5% | |||
Kakao Corp. | 1,441,260 | 63,137,129 | |
Samsung Electronics Co. Ltd. | 6,683,737 | 328,997,514 | |
TOTAL KOREA (SOUTH) | 392,134,643 | ||
Mexico - 3.4% | |||
Banco del Bajio SA (c) | 17,066,022 | 56,144,787 | |
Becle S.A.B. de CV | 24,074,694 | 55,568,831 | |
GCC S.A.B. de CV | 4,165,500 | 33,114,097 | |
Grupo Aeroportuario Norte S.A.B. de CV | 8,538,587 | 93,860,582 | |
TOTAL MEXICO | 238,688,297 | ||
Netherlands - 3.0% | |||
ASML Holding NV (Netherlands) | 190,600 | 120,447,697 | |
BE Semiconductor Industries NV (b) | 1,037,800 | 93,016,505 | |
TOTAL NETHERLANDS | 213,464,202 | ||
Philippines - 0.5% | |||
TaskUs, Inc. (a)(b) | 2,727,456 | 36,711,558 | |
Poland - 1.2% | |||
Dino Polska SA (a)(c) | 823,481 | 83,770,658 | |
Russia - 0.1% | |||
LUKOIL PJSC sponsored ADR (a)(f) | 802,595 | 227,046 | |
Sberbank of Russia (f) | 25,741,060 | 184,138 | |
Yandex NV Series A (a)(f) | 1,084,187 | 8,239,821 | |
TOTAL RUSSIA | 8,651,005 | ||
Saudi Arabia - 5.4% | |||
Al Rajhi Bank | 7,197,220 | 147,371,556 | |
Arabian Internet and Communications Services Co. Ltd. | 726,600 | 54,048,951 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 903,000 | 69,096,702 | |
Sabic Agriculture-Nutrients Co. | 1,448,500 | 51,595,595 | |
Saudi Arabian Oil Co. (c) | 5,939,100 | 57,004,719 | |
TOTAL SAUDI ARABIA | 379,117,523 | ||
Singapore - 0.5% | |||
Sea Ltd. ADR (a) | 440,400 | 33,545,268 | |
South Africa - 0.7% | |||
Clicks Group Ltd. | 3,364,183 | 49,166,636 | |
Sweden - 0.2% | |||
VEF AB (a)(e) | 86,555,885 | 17,707,788 | |
Taiwan - 12.7% | |||
ASPEED Tech, Inc. | 1,041,000 | 89,079,416 | |
Chailease Holding Co. Ltd. | 7,617,812 | 55,442,732 | |
eMemory Technology, Inc. | 1,743,000 | 104,144,247 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 35,754,000 | 585,083,787 | |
Voltronic Power Technology Corp. | 1,114,868 | 64,060,183 | |
TOTAL TAIWAN | 897,810,365 | ||
United Arab Emirates - 0.5% | |||
Adnoc Gas PLC | 37,475,969 | 32,758,179 | |
United States of America - 5.3% | |||
Adobe, Inc. (a) | 101,778 | 38,427,302 | |
Globant SA (a)(b) | 330,100 | 51,782,787 | |
Lattice Semiconductor Corp. (a) | 582,300 | 46,409,310 | |
NVIDIA Corp. | 855,808 | 237,478,162 | |
TOTAL UNITED STATES OF AMERICA | 374,097,561 | ||
Uruguay - 0.5% | |||
Dlocal Ltd. (a)(b) | 2,642,072 | 36,989,008 | |
Zambia - 0.6% | |||
First Quantum Minerals Ltd. | 1,829,600 | 44,455,425 | |
TOTAL COMMON STOCKS (Cost $5,942,642,725) | 6,910,215,183 | ||
Preferred Stocks - 0.7% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.5% | |||
Brazil - 0.3% | |||
Creditas Financial Solutions Ltd. Series F (a)(f)(g) | 64,604 | 18,440,566 | |
China - 0.2% | |||
ByteDance Ltd. Series E1 (a)(f)(g) | 85,253 | 16,965,347 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 35,405,913 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
China - 0.2% | |||
ZKH Group Ltd. Series F (f) | 37,926,244 | 14,032,710 | |
TOTAL PREFERRED STOCKS (Cost $51,152,521) | 49,438,623 | ||
Money Market Funds - 3.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (h) | 115,162,701 | 115,185,734 | |
Fidelity Securities Lending Cash Central Fund 4.88% (h)(i) | 149,752,195 | 149,767,170 | |
TOTAL MONEY MARKET FUNDS (Cost $264,952,904) | 264,952,904 | ||
TOTAL INVESTMENT IN SECURITIES - 102.2% (Cost $6,258,748,150) | 7,224,606,710 |
NET OTHER ASSETS (LIABILITIES) - (2.2)% | (154,939,239) |
NET ASSETS - 100.0% | 7,069,667,471 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $507,192,053 or 7.2% of net assets. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Affiliated company |
(f) | Level 3 security |
(g) | 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 $35,405,913 or 0.5% of net assets. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 9,341,528 |
Creditas Financial Solutions Ltd. Series F | 1/28/22 | 20,349,123 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 67,633,060 | 900,474,823 | 852,922,149 | 2,696,841 | - | - | 115,185,734 | 0.3% |
Fidelity Securities Lending Cash Central Fund 4.88% | 93,754,025 | 508,011,886 | 451,998,741 | 250,936 | - | - | 149,767,170 | 0.5% |
Total | 161,387,085 | 1,408,486,709 | 1,304,920,890 | 2,947,777 | - | - | 264,952,904 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Restaurant Brands Asia Ltd. | 38,433,791 | - | 645,684 | - | (345,077) | (5,193,093) | 32,249,937 |
VEF AB | 18,957,451 | 1,207,377 | - | - | - | (2,457,040) | 17,707,788 |
Total | 57,391,242 | 1,207,377 | 645,684 | - | (345,077) | (7,650,133) | 49,957,725 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 657,136,079 | 140,542,476 | 491,388,435 | 25,205,168 |
Consumer Discretionary | 806,156,619 | 319,905,815 | 486,250,804 | - |
Consumer Staples | 458,004,396 | 188,506,125 | 269,498,271 | - |
Energy | 395,191,931 | 131,207,074 | 263,757,811 | 227,046 |
Financials | 1,324,280,012 | 381,950,268 | 923,705,040 | 18,624,704 |
Health Care | 536,923,163 | 193,354,953 | 343,568,210 | - |
Industrials | 462,685,591 | 253,957,276 | 208,728,315 | - |
Information Technology | 1,865,821,313 | 641,610,714 | 1,224,210,599 | - |
Materials | 308,783,340 | 129,165,117 | 179,618,223 | - |
Real Estate | 14,032,710 | - | - | 14,032,710 |
Utilities | 130,638,652 | - | 130,638,652 | - |
Money Market Funds | 264,952,904 | 264,952,904 | - | - |
Total Investments in Securities: | 7,224,606,710 | 2,645,152,722 | 4,521,364,360 | 58,089,628 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $145,547,463) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,915,443,094) | $ | 6,909,696,081 | ||
Fidelity Central Funds (cost $264,952,904) | 264,952,904 | |||
Other affiliated issuers (cost $78,352,152) | 49,957,725 | |||
Total Investment in Securities (cost $6,258,748,150) | $ | 7,224,606,710 | ||
Foreign currency held at value (cost $37,635,727) | 37,485,583 | |||
Receivable for fund shares sold | 8,190,442 | |||
Dividends receivable | 7,375,955 | |||
Distributions receivable from Fidelity Central Funds | 873,175 | |||
Prepaid expenses | 2,546 | |||
Other receivables | 1,393,824 | |||
Total assets | 7,279,928,235 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 14,860,219 | ||
Delayed delivery | 1,022,559 | |||
Payable for fund shares redeemed | 8,048,465 | |||
Accrued management fee | 3,964,728 | |||
Distribution and service plan fees payable | 5,446 | |||
Other affiliated payables | 845,569 | |||
Deferred taxes | 31,183,531 | |||
Other payables and accrued expenses | 563,077 | |||
Collateral on securities loaned | 149,767,170 | |||
Total Liabilities | 210,260,764 | |||
Net Assets | $ | 7,069,667,471 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,562,653,309 | ||
Total accumulated earnings (loss) | 507,014,162 | |||
Net Assets | $ | 7,069,667,471 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($14,902,852 ÷ 445,575 shares) (a) | $ | 33.45 | ||
Maximum offering price per share (100/94.25 of $33.45) | $ | 35.49 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,273,083 ÷ 67,867 shares) (a) | $ | 33.49 | ||
Maximum offering price per share (100/96.50 of $33.49) | $ | 34.70 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,751,862 ÷ 52,607 shares) (a) | $ | 33.30 | ||
Emerging Markets : | ||||
Net Asset Value , offering price and redemption price per share ($4,243,387,998 ÷ 126,393,912 shares) | $ | 33.57 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($1,118,078,065 ÷ 33,290,508 shares) | $ | 33.59 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($109,369,862 ÷ 3,265,546 shares) | $ | 33.49 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($1,579,903,749 ÷ 47,098,105 shares) | $ | 33.54 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 50,310,263 | ||
Non-Cash dividends | 23,096,816 | |||
Income from Fidelity Central Funds (including $250,936 from security lending) | 2,947,777 | |||
Income before foreign taxes withheld | $ | 76,354,856 | ||
Less foreign taxes withheld | (6,859,403) | |||
Total Income | 69,495,453 | |||
Expenses | ||||
Management fee | $ | 22,427,440 | ||
Transfer agent fees | 4,076,391 | |||
Distribution and service plan fees | 30,808 | |||
Accounting fees | 781,207 | |||
Custodian fees and expenses | 781,627 | |||
Independent trustees' fees and expenses | 20,845 | |||
Registration fees | 168,313 | |||
Audit | 83,185 | |||
Legal | 5,109 | |||
Miscellaneous | 13,994 | |||
Total expenses before reductions | 28,388,919 | |||
Expense reductions | (154,271) | |||
Total expenses after reductions | 28,234,648 | |||
Net Investment income (loss) | 41,260,805 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $4,191,208) | (133,870,618) | |||
Affiliated issuers | (345,077) | |||
Foreign currency transactions | (1,371,804) | |||
Total net realized gain (loss) | (135,587,499) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,846,486) | 1,276,873,577 | |||
Affiliated issuers | (7,650,133) | |||
Assets and liabilities in foreign currencies | (54,223) | |||
Total change in net unrealized appreciation (depreciation) | 1,269,169,221 | |||
Net gain (loss) | 1,133,581,722 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,174,842,527 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 41,260,805 | $ | 57,338,565 |
Net realized gain (loss) | (135,587,499) | (249,065,256) | ||
Change in net unrealized appreciation (depreciation) | 1,269,169,221 | (3,129,085,535) | ||
Net increase (decrease) in net assets resulting from operations | 1,174,842,527 | (3,320,812,226) | ||
Distributions to shareholders | (50,450,464) | (481,791,574) | ||
Share transactions - net increase (decrease) | 420,735,068 | 787,871,888 | ||
Total increase (decrease) in net assets | 1,545,127,131 | (3,014,731,912) | ||
Net Assets | ||||
Beginning of period | 5,524,540,340 | 8,539,272,252 | ||
End of period | $ | 7,069,667,471 | $ | 5,524,540,340 |
Fidelity Advisor® Emerging Markets Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 27.73 | $ | 47.48 | $ | 46.83 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .15 D | .16 E | (.04) | |||
Net realized and unrealized gain (loss) | 5.71 | (17.27) | .69 | |||
Total from investment operations | 5.86 | (17.11) | .65 | |||
Distributions from net investment income | (.14) | (.48) | - | |||
Distributions from net realized gain | - | (2.16) | - | |||
Total distributions | (.14) | (2.64) | - | |||
Net asset value, end of period | $ | 33.45 | $ | 27.73 | $ | 47.48 |
Total Return F,G,H | 21.16% | (38.00)% | 1.39% | |||
Ratios to Average Net Assets C,I,J | ||||||
Expenses before reductions | 1.21% K | 1.21% | 1.25% K | |||
Expenses net of fee waivers, if any | 1.20% K | 1.21% | 1.25% K | |||
Expenses net of all reductions | 1.20% K | 1.21% | 1.25% K | |||
Net investment income (loss) | .55% D,K | .45% E | (.17)% K | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 14,903 | $ | 10,046 | $ | 6,248 |
Portfolio turnover rate L | 19% K | 34% | 38% K,M |
Fidelity Advisor® Emerging Markets Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 27.71 | $ | 47.42 | $ | 46.83 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .10 D | .05 E | (.09) | |||
Net realized and unrealized gain (loss) | 5.72 | (17.29) | .68 | |||
Total from investment operations | 5.82 | (17.24) | .59 | |||
Distributions from net investment income | (.04) | (.32) | - | |||
Distributions from net realized gain | - | (2.16) | - | |||
Total distributions | (.04) | (2.47) F | - | |||
Net asset value, end of period | $ | 33.49 | $ | 27.71 | $ | 47.42 |
Total Return G,H,I | 21.00% | (38.20)% | 1.26% | |||
Ratios to Average Net Assets C,J,K | ||||||
Expenses before reductions | 1.49% L | 1.51% | 1.52% L | |||
Expenses net of fee waivers, if any | 1.48% L | 1.50% | 1.51% L | |||
Expenses net of all reductions | 1.47% L | 1.50% | 1.51% L | |||
Net investment income (loss) | .28% D,L | .15% E | (.39)% L | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 2,273 | $ | 1,392 | $ | 2,234 |
Portfolio turnover rate M | 19% L | 34% | 38% L,N |
Fidelity Advisor® Emerging Markets Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 27.59 | $ | 47.31 | $ | 46.83 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .02 D | (.12) E | (.19) | |||
Net realized and unrealized gain (loss) | 5.69 | (17.26) | .67 | |||
Total from investment operations | 5.71 | (17.38) | .48 | |||
Distributions from net investment income | - | (.18) | - | |||
Distributions from net realized gain | - | (2.16) | - | |||
Total distributions | - | (2.34) | - | |||
Net asset value, end of period | $ | 33.30 | $ | 27.59 | $ | 47.31 |
Total Return F,G,H | 20.70% | (38.50)% | 1.02% | |||
Ratios to Average Net Assets B,I,J | ||||||
Expenses before reductions | 1.99% K | 2.00% | 2.01% K | |||
Expenses net of fee waivers, if any | 1.98% K | 2.00% | 2.01% K | |||
Expenses net of all reductions | 1.98% K | 2.00% | 2.01% K | |||
Net investment income (loss) | (.23)% D,K | (.34)% E | (.86)% K | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,752 | $ | 1,377 | $ | 1,587 |
Portfolio turnover rate L | 19% K | 34% | 38% K,M |
Fidelity® Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.87 | $ | 47.56 | $ | 40.26 | $ | 33.03 | $ | 26.66 | $ | 31.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .20 C | .28 D | .12 | .15 | .61 E | .24 | ||||||
Net realized and unrealized gain (loss) | 5.74 | (17.35) | 7.81 | 7.68 | 5.98 | (4.76) | ||||||
Total from investment operations | 5.94 | (17.07) | 7.93 | 7.83 | 6.59 | (4.52) | ||||||
Distributions from net investment income | (.24) | (.46) | (.09) | (.60) | (.22) | (.16) | ||||||
Distributions from net realized gain | - | (2.16) | (.54) | - | - F | (.03) | ||||||
Total distributions | (.24) | (2.62) | (.63) | (.60) | (.22) | (.19) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 33.57 | $ | 27.87 | $ | 47.56 | $ | 40.26 | $ | 33.03 | $ | 26.66 |
Total Return G,H | 21.35% | (37.83)% | 19.83% | 24.09% | 24.91% | (14.51)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | .91% K | .90% | .88% | .92% | .94% | .96% | ||||||
Expenses net of fee waivers, if any | .90% K | .90% | .88% | .92% | .94% | .96% | ||||||
Expenses net of all reductions | .90% K | .90% | .88% | .91% | .92% | .92% | ||||||
Net investment income (loss) | .85% C,K | .76% D | .26% | .43% | 2.02% E | .75% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,243,388 | $ | 3,330,900 | $ | 5,016,159 | $ | 4,526,531 | $ | 3,104,887 | $ | 3,493,583 |
Portfolio turnover rate L | 19% K | 34% | 38% M | 34% | 85% N | 86% |
Fidelity® Emerging Markets Fund Class K |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.90 | $ | 47.62 | $ | 40.30 | $ | 33.07 | $ | 26.70 | $ | 31.41 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .22 C | .33 D | .16 | .19 | .65 E | .28 | ||||||
Net realized and unrealized gain (loss) | 5.75 | (17.35) | 7.83 | 7.69 | 5.99 | (4.76) | ||||||
Total from investment operations | 5.97 | (17.02) | 7.99 | 7.88 | 6.64 | (4.48) | ||||||
Distributions from net investment income | (.28) | (.54) | (.12) | (.65) | (.26) | (.20) | ||||||
Distributions from net realized gain | - | (2.16) | (.54) | - | - F | (.03) | ||||||
Total distributions | (.28) | (2.70) | (.67) G | (.65) | (.27) G | (.23) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 33.59 | $ | 27.90 | $ | 47.62 | $ | 40.30 | $ | 33.07 | $ | 26.70 |
Total Return H,I | 21.43% | (37.73)% | 19.94% | 24.24% | 25.08% | (14.39)% | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | .78% L | .77% | .77% | .80% | .80% | .82% | ||||||
Expenses net of fee waivers, if any | .77% L | .77% | .77% | .80% | .80% | .82% | ||||||
Expenses net of all reductions | .77% L | .77% | .77% | .79% | .79% | .78% | ||||||
Net investment income (loss) | .98% C,L | .88% D | .34% | .55% | 2.15% E | .89% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,118,078 | $ | 826,468 | $ | 1,689,454 | $ | 1,227,097 | $ | 1,018,765 | $ | 870,859 |
Portfolio turnover rate M | 19% L | 34% | 38% N | 34% | 85% O | 86% |
Fidelity Advisor® Emerging Markets Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 27.83 | $ | 47.55 | $ | 46.83 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .20 D | .26 E | .04 | |||
Net realized and unrealized gain (loss) | 5.73 | (17.29) | .68 | |||
Total from investment operations | 5.93 | (17.03) | .72 | |||
Distributions from net investment income | (.27) | (.53) | - | |||
Distributions from net realized gain | - | (2.16) | - | |||
Total distributions | (.27) | (2.69) | - | |||
Net asset value, end of period | $ | 33.49 | $ | 27.83 | $ | 47.55 |
Total Return F,G | 21.33% | (37.81)% | 1.54% | |||
Ratios to Average Net Assets C,H,I | ||||||
Expenses before reductions | .90% J | .89% | .94% J | |||
Expenses net of fee waivers, if any | .89% J | .89% | .93% J | |||
Expenses net of all reductions | .89% J | .89% | .93% J | |||
Net investment income (loss) | .86% D,J | .76% E | .17% J | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 109,370 | $ | 47,819 | $ | 25,824 |
Portfolio turnover rate K | 19% J | 34% | 38% J,L |
Fidelity Advisor® Emerging Markets Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 27.87 | $ | 47.59 | $ | 46.83 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .22 D | .32 E | (.03) | |||
Net realized and unrealized gain (loss) | 5.73 | (17.33) | .79 | |||
Total from investment operations | 5.95 | (17.01) | .76 | |||
Distributions from net investment income | (.28) | (.55) | - | |||
Distributions from net realized gain | - | (2.16) | - | |||
Total distributions | (.28) | (2.71) | - | |||
Net asset value, end of period | $ | 33.54 | $ | 27.87 | $ | 47.59 |
Total Return F,G | 21.39% | (37.74)% | 1.62% | |||
Ratios to Average Net Assets C,H,I | ||||||
Expenses before reductions | .78% J | .77% | .78% J | |||
Expenses net of fee waivers, if any | .77% J | .77% | .78% J | |||
Expenses net of all reductions | .77% J | .77% | .78% J | |||
Net investment income (loss) | .98% D,J | .88% E | (.13)% J | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,579,904 | $ | 1,306,539 | $ | 1,797,766 |
Portfolio turnover rate K | 19% J | 34% | 38% J,L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,950,977,383 |
Gross unrealized depreciation | (1,047,413,060) |
Net unrealized appreciation (depreciation) | $903,564,323 |
Tax cost | $6,321,042,387 |
Short-term | $(249,361,263) |
Total capital loss carryforward | $(249,361,263) |
Purchases ($) | Sales ($) | |
Fidelity Emerging Markets Fund | 972,441,461 | 624,580,645 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $17,957 | $2,700 |
Class M | .25% | .25% | 4,626 | 60 |
Class C | .75% | .25% | 8,225 | 4,394 |
$30,808 | $7,154 |
Retained by FDC | |
Class A | $53,891 |
Class M | 380 |
Class C A | 746 |
$55,017 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $16,002 | .22 |
Class M | 2,345 | .25 |
Class C | 2,103 | .26 |
Emerging Markets | 3,458,388 | .17 |
Class K | 202,526 | .04 |
Class I | 72,311 | .16 |
Class Z | 322,716 | .04 |
$4,076,391 |
% of Average Net Assets | |
Fidelity Emerging Markets Fund | .02 |
Amount | |
Fidelity Emerging Markets Fund | $3,351 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Emerging Markets Fund | 20,566,423 | 18,482,277 | (5,061,934) |
Amount | |
Fidelity Emerging Markets Fund | $6,342 |
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 Emerging Markets Fund | $28,044 | $8,778 | $9,080,400 |
Expense reduction | |
Class A | $57 |
Class M | 123 |
Class C | 26 |
$206 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Emerging Markets Fund | ||
Distributions to shareholders | ||
Class A | $53,539 | $625,889 |
Class M | 1,926 | 114,309 |
Class C | - | 82,608 |
Emerging Markets | 28,390,916 | 277,953,427 |
Class K | 8,364,511 | 95,062,813 |
Class I | 674,976 | 1,596,371 |
Class Z | 12,964,596 | 106,356,157 |
Total | $50,450,464 | $481,791,574 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 200,715 | 405,334 | $6,564,379 | $16,326,133 |
Reinvestment of distributions | 1,632 | 14,217 | 52,760 | 609,645 |
Shares redeemed | (119,099) | (188,821) | (3,861,772) | (6,470,572) |
Net increase (decrease) | 83,248 | 230,730 | $2,755,367 | $10,465,206 |
Class M | ||||
Shares sold | 22,384 | 9,094 | $759,065 | $331,845 |
Reinvestment of distributions | 60 | 2,657 | 1,926 | 114,195 |
Shares redeemed | (4,824) | (8,614) | (155,094) | (305,492) |
Net increase (decrease) | 17,620 | 3,137 | $605,897 | $140,548 |
Class C | ||||
Shares sold | 15,042 | 27,888 | $482,233 | $1,033,697 |
Reinvestment of distributions | - | 1,916 | - | 82,366 |
Shares redeemed | (12,345) | (13,429) | (390,151) | (473,302) |
Net increase (decrease) | 2,697 | 16,375 | $92,082 | $642,761 |
Emerging Markets | ||||
Shares sold | 21,518,883 | 90,211,588 | $704,154,869 | $3,178,493,756 |
Reinvestment of distributions | 705,770 | 4,752,444 | 22,902,138 | 204,307,548 |
Shares redeemed | (15,333,270) | (80,932,071) | (494,075,590) | (2,841,698,156) |
Net increase (decrease) | 6,891,383 | 14,031,961 | $232,981,417 | $541,103,148 |
Class K | ||||
Shares sold | 9,757,457 | 8,137,924 | $326,149,178 | $295,826,108 |
Reinvestment of distributions | 257,656 | 2,211,734 | 8,363,213 | 95,060,337 |
Shares redeemed | (6,348,363) | (16,201,876) | (208,893,775) | (567,669,911) |
Net increase (decrease) | 3,666,750 | (5,852,218) | $125,618,616 | $(176,783,466) |
Class I | ||||
Shares sold | 2,279,783 | 2,413,035 | $74,403,824 | $83,439,062 |
Reinvestment of distributions | 19,449 | 35,220 | 629,629 | 1,511,652 |
Shares redeemed | (752,043) | (1,272,970) | (24,097,545) | (42,317,885) |
Net increase (decrease) | 1,547,189 | 1,175,285 | $50,935,908 | $42,632,829 |
Class Z | ||||
Shares sold | 1,793,958 | 8,050,253 | $59,528,666 | $312,633,669 |
Reinvestment of distributions | 395,803 | 2,468,777 | 12,830,167 | 105,984,590 |
Shares redeemed | (1,976,337) | (1,412,722) | (64,613,052) | (48,947,397) |
Net increase (decrease) | 213,424 | 9,106,308 | $7,745,781 | $369,670,862 |
Strategic Advisers Fidelity Emerging Markets Fund | |
Fidelity Emerging Markets Fund | 13% |
Fund | % of shares held |
Fidelity Emerging Markets Fund | 33% |
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 5.4 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 4.6 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 4.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 4.0 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.6 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.4 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.8 | |
L'Oreal SA (France, Personal Care Products) | 2.5 | |
Air Liquide SA (France, Chemicals) | 2.3 | |
Sanofi SA (United States of America, Pharmaceuticals) | 2.2 | |
35.2 | ||
Market Sectors (% of Fund's net assets) | ||
Consumer Discretionary | 17.9 | |
Financials | 17.5 | |
Health Care | 15.5 | |
Industrials | 15.3 | |
Consumer Staples | 12.2 | |
Information Technology | 5.9 | |
Energy | 5.1 | |
Materials | 4.9 | |
Communication Services | 1.6 | |
Utilities | 1.2 | |
Real Estate | 1.1 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.1% | |||
Shares | Value ($) | ||
Australia - 2.6% | |||
Flutter Entertainment PLC (Ireland) (a) | 43,100 | 8,600,781 | |
Glencore PLC | 1,384,300 | 8,171,015 | |
TOTAL AUSTRALIA | 16,771,796 | ||
Belgium - 2.1% | |||
Azelis Group NV | 165,500 | 3,920,836 | |
KBC Group NV | 58,700 | 4,190,070 | |
UCB SA | 58,400 | 5,432,508 | |
TOTAL BELGIUM | 13,543,414 | ||
China - 1.0% | |||
Prosus NV | 85,912 | 6,429,098 | |
Denmark - 6.8% | |||
DSV A/S | 41,600 | 7,813,260 | |
Novo Nordisk A/S Series B | 174,100 | 28,962,318 | |
Tryg A/S | 156,900 | 3,699,542 | |
Vestas Wind Systems A/S | 154,000 | 4,261,272 | |
TOTAL DENMARK | 44,736,392 | ||
Finland - 3.7% | |||
Elisa Corp. (A Shares) | 127,200 | 7,893,906 | |
Nordea Bank ABP | 852,900 | 9,466,271 | |
Sampo Oyj (A Shares) | 133,700 | 6,771,012 | |
TOTAL FINLAND | 24,131,189 | ||
France - 24.4% | |||
Air Liquide SA | 82,880 | 14,909,302 | |
Airbus Group NV | 62,700 | 8,780,171 | |
AXA SA | 274,500 | 8,959,727 | |
BNP Paribas SA | 129,200 | 8,348,050 | |
Capgemini SA | 44,100 | 8,013,116 | |
Dassault Aviation SA | 38,100 | 7,443,478 | |
Dassault Systemes SA | 105,500 | 4,262,904 | |
Edenred SA | 86,100 | 5,589,952 | |
L'Oreal SA | 35,000 | 16,689,653 | |
LVMH Moet Hennessy Louis Vuitton SE | 36,800 | 35,397,233 | |
Pernod Ricard SA | 41,200 | 9,506,400 | |
Sartorius Stedim Biotech | 22,800 | 6,092,405 | |
Teleperformance | 18,600 | 3,705,557 | |
TotalEnergies SE | 349,007 | 22,301,527 | |
TOTAL FRANCE | 159,999,475 | ||
Germany - 5.8% | |||
Deutsche Borse AG | 58,500 | 11,156,456 | |
Deutsche Post AG | 104,300 | 5,016,788 | |
Merck KGaA | 32,300 | 5,785,377 | |
RWE AG | 164,400 | 7,708,033 | |
Scout24 AG (b) | 47,500 | 2,957,224 | |
Siemens Healthineers AG (b) | 86,800 | 5,396,286 | |
TOTAL GERMANY | 38,020,164 | ||
Hong Kong - 1.8% | |||
Prudential PLC | 765,438 | 11,711,998 | |
Ireland - 1.5% | |||
Bank of Ireland Group PLC | 648,800 | 6,698,732 | |
Smurfit Kappa Group PLC | 81,100 | 2,997,272 | |
TOTAL IRELAND | 9,696,004 | ||
Israel - 0.4% | |||
NICE Ltd. (a) | 13,200 | 2,710,304 | |
Italy - 4.0% | |||
Coca-Cola HBC AG | 97,600 | 2,973,249 | |
Ferrari NV (Italy) | 22,100 | 6,144,007 | |
FinecoBank SpA | 291,635 | 4,412,171 | |
Industrie de Nora SpA | 120,000 | 2,385,393 | |
Prada SpA | 686,200 | 5,052,271 | |
Recordati SpA | 120,300 | 5,531,669 | |
TOTAL ITALY | 26,498,760 | ||
Netherlands - 4.6% | |||
ASML Holding NV (Netherlands) | 37,100 | 23,444,961 | |
Heineken NV (Bearer) | 60,300 | 6,913,558 | |
TOTAL NETHERLANDS | 30,358,519 | ||
Norway - 2.2% | |||
Equinor ASA | 223,500 | 6,434,796 | |
Kongsberg Gruppen ASA | 72,700 | 3,259,444 | |
TGS ASA | 289,483 | 4,530,875 | |
TOTAL NORWAY | 14,225,115 | ||
Spain - 1.5% | |||
Amadeus IT Holding SA Class A (a) | 74,700 | 5,250,292 | |
CaixaBank SA | 1,222,700 | 4,525,955 | |
TOTAL SPAIN | 9,776,247 | ||
Sweden - 5.7% | |||
ASSA ABLOY AB (B Shares) | 188,700 | 4,487,928 | |
Haypp Group (a) | 491,497 | 1,744,554 | |
HEXPOL AB (B Shares) | 385,600 | 4,538,439 | |
Indutrade AB | 271,700 | 6,509,641 | |
Investor AB (B Shares) | 378,000 | 8,101,804 | |
Kry International AB (a)(c)(d) | 406 | 31,737 | |
Nordnet AB | 233,200 | 3,656,595 | |
Sandvik AB (e) | 395,600 | 8,043,120 | |
TOTAL SWEDEN | 37,113,818 | ||
Switzerland - 2.8% | |||
Compagnie Financiere Richemont SA Series A | 111,600 | 18,447,577 | |
United Kingdom - 17.8% | |||
AstraZeneca PLC (United Kingdom) | 178,600 | 26,283,309 | |
B&M European Value Retail SA | 1,347,200 | 8,121,770 | |
Barratt Developments PLC | 296,500 | 1,863,132 | |
Beazley PLC | 570,300 | 4,268,095 | |
Berkeley Group Holdings PLC | 33,600 | 1,877,826 | |
Bunzl PLC | 155,954 | 6,201,288 | |
Compass Group PLC | 380,855 | 10,047,321 | |
Deliveroo PLC Class A (a)(b) | 2,126,500 | 2,923,692 | |
Diageo PLC | 317,028 | 14,461,584 | |
Direct Line Insurance Group PLC | 991,089 | 2,137,988 | |
Grainger Trust PLC | 866,690 | 2,816,704 | |
Hiscox Ltd. | 301,414 | 4,477,440 | |
JD Sports Fashion PLC | 2,804,300 | 5,675,892 | |
Judges Scientific PLC | 3,879 | 484,568 | |
Londonmetric Properity PLC | 905,210 | 2,191,061 | |
NatWest Group PLC | 1,309,700 | 4,314,282 | |
RELX PLC (London Stock Exchange) | 376,976 | 12,535,811 | |
RS GROUP PLC | 320,158 | 3,707,332 | |
Safestore Holdings PLC | 209,545 | 2,608,439 | |
TOTAL UNITED KINGDOM | 116,997,534 | ||
United States of America - 9.4% | |||
Experian PLC | 209,516 | 7,417,889 | |
Ferguson PLC | 32,000 | 4,502,181 | |
Nestle SA (Reg. S) | 234,020 | 30,022,326 | |
ResMed, Inc. | 18,300 | 4,409,568 | |
RHI Magnesita NV | 26,726 | 759,087 | |
Sanofi SA | 135,600 | 14,613,375 | |
TOTAL UNITED STATES OF AMERICA | 61,724,426 | ||
TOTAL COMMON STOCKS (Cost $539,978,768) | 642,891,830 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(c)(d) | 3,852 | 502,042 | |
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(d) | 2,345 | 183,306 | |
TOTAL PREFERRED STOCKS (Cost $2,072,807) | 685,348 | ||
Money Market Funds - 2.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 6,936,524 | 6,937,911 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 8,091,126 | 8,091,935 | |
TOTAL MONEY MARKET FUNDS (Cost $15,029,846) | 15,029,846 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $557,081,421) | 658,607,024 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (3,529,293) |
NET ASSETS - 100.0% | 655,077,731 |
(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 $11,277,202 or 1.7% of net assets. |
(c) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $717,085 or 0.1% of net assets. |
(d) | Level 3 security |
(e) | Security or a portion of the security is on loan at period end. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 1,000,736 |
Kry International AB | 5/14/21 | 176,328 |
Kry International AB Series E | 5/14/21 | 1,072,071 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | - | 67,998,020 | 61,060,109 | 127,606 | - | - | 6,937,911 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 3,435,000 | 54,086,388 | 49,429,453 | 49,464 | - | - | 8,091,935 | 0.0% |
Total | 3,435,000 | 122,084,408 | 110,489,562 | 177,070 | - | - | 15,029,846 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 10,851,130 | 10,851,130 | - | - |
Consumer Discretionary | 117,575,446 | 36,951,654 | 80,623,792 | - |
Consumer Staples | 80,566,770 | 36,082,860 | 44,483,910 | - |
Energy | 33,267,198 | 4,530,875 | 28,736,323 | - |
Financials | 112,486,140 | 63,469,672 | 49,016,468 | - |
Health Care | 102,506,815 | 32,647,813 | 69,859,002 | - |
Industrials | 100,475,957 | 74,999,837 | 25,476,120 | - |
Information Technology | 39,148,370 | 38,431,285 | - | 717,085 |
Materials | 31,375,115 | 8,294,798 | 23,080,317 | - |
Real Estate | 7,616,204 | 7,616,204 | - | - |
Utilities | 7,708,033 | 7,708,033 | - | - |
Money Market Funds | 15,029,846 | 15,029,846 | - | - |
Total Investments in Securities: | 658,607,024 | 336,614,007 | 321,275,932 | 717,085 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $7,562,550) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $542,051,575) | $ | 643,577,178 | ||
Fidelity Central Funds (cost $15,029,846) | 15,029,846 | |||
Total Investment in Securities (cost $557,081,421) | $ | 658,607,024 | ||
Cash | 41,622 | |||
Foreign currency held at value (cost $412,426) | 412,311 | |||
Receivable for investments sold | 22,562 | |||
Receivable for fund shares sold | 163,278 | |||
Dividends receivable | 882,024 | |||
Reclaims receivable | 3,856,062 | |||
Distributions receivable from Fidelity Central Funds | 40,676 | |||
Prepaid expenses | 242 | |||
Total assets | 664,025,801 | |||
Liabilities | ||||
Payable for investments purchased | $ | 273,783 | ||
Payable for fund shares redeemed | 181,519 | |||
Accrued management fee | 227,088 | |||
Distribution and service plan fees payable | 7,897 | |||
Other affiliated payables | 113,970 | |||
Other payables and accrued expenses | 51,878 | |||
Collateral on securities loaned | 8,091,935 | |||
Total Liabilities | 8,948,070 | |||
Net Assets | $ | 655,077,731 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 648,787,252 | ||
Total accumulated earnings (loss) | 6,290,479 | |||
Net Assets | $ | 655,077,731 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($17,722,109 ÷ 515,906 shares) (a) | $ | 34.35 | ||
Maximum offering price per share (100/94.25 of $34.35) | $ | 36.45 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,918,865 ÷ 143,023 shares) (a) | $ | 34.39 | ||
Maximum offering price per share (100/96.50 of $34.39) | $ | 35.64 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,626,419 ÷ 77,373 shares) (a) | $ | 33.94 | ||
Europe : | ||||
Net Asset Value , offering price and redemption price per share ($621,705,374 ÷ 18,081,037 shares) | $ | 34.38 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($6,156,942 ÷ 179,059 shares) | $ | 34.38 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($1,948,022 ÷ 56,786 shares) | $ | 34.30 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 7,892,381 | ||
Foreign Tax Reclaims | 693,155 | |||
Income from Fidelity Central Funds (including $49,464 from security lending) | 177,070 | |||
Income before foreign taxes withheld | $ | 8,762,606 | ||
Less foreign taxes withheld | (1,812,088) | |||
Total Income | 6,950,518 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,104,299 | ||
Performance adjustment | (615,629) | |||
Transfer agent fees | 529,864 | |||
Distribution and service plan fees | 47,158 | |||
Accounting fees | 148,645 | |||
Custodian fees and expenses | 27,708 | |||
Independent trustees' fees and expenses | 2,022 | |||
Registration fees | 67,301 | |||
Audit | 55,419 | |||
Legal | 473 | |||
Miscellaneous | 1,326 | |||
Total expenses before reductions | 2,368,586 | |||
Expense reductions | (14,513) | |||
Total expenses after reductions | 2,354,073 | |||
Net Investment income (loss) | 4,596,445 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 619,920 | |||
Foreign currency transactions | 357,580 | |||
Total net realized gain (loss) | 977,500 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 127,402,693 | |||
Assets and liabilities in foreign currencies | 371,842 | |||
Total change in net unrealized appreciation (depreciation) | 127,774,535 | |||
Net gain (loss) | 128,752,035 | |||
Net increase (decrease) in net assets resulting from operations | $ | 133,348,480 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,596,445 | $ | 12,412,102 |
Net realized gain (loss) | 977,500 | (97,543,049) | ||
Change in net unrealized appreciation (depreciation) | 127,774,535 | (184,315,984) | ||
Net increase (decrease) in net assets resulting from operations | 133,348,480 | (269,446,931) | ||
Distributions to shareholders | - | (133,487,366) | ||
Share transactions - net increase (decrease) | (30,755,462) | (44,868,451) | ||
Total increase (decrease) in net assets | 102,593,018 | (447,802,748) | ||
Net Assets | ||||
Beginning of period | 552,484,713 | 1,000,287,461 | ||
End of period | $ | 655,077,731 | $ | 552,484,713 |
Fidelity Advisor® Europe Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.58 | $ | 46.12 | $ | 35.37 | $ | 36.30 | $ | 37.61 | $ | 42.47 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .19 | .47 | .41 | .19 | 1.41 C | .34 | ||||||
Net realized and unrealized gain (loss) | 6.58 | (12.91) | 10.72 | 1.46 | .82 | (4.21) D | ||||||
Total from investment operations | 6.77 | (12.44) | 11.13 | 1.65 | 2.23 | (3.87) | ||||||
Distributions from net investment income | - | (.99) | (.38) | (1.50) | (.11) | (.33) | ||||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | (.66) | ||||||
Total distributions | - | (6.10) E | (.38) | (2.58) | (3.54) | (.99) | ||||||
Net asset value, end of period | $ | 34.35 | $ | 27.58 | $ | 46.12 | $ | 35.37 | $ | 36.30 | $ | 37.61 |
Total Return F,G,H | 24.55% | (30.29)% | 31.60% | 4.62% | 7.21% | (9.31)% D | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.06% K | 1.18% | 1.36% | 1.34% | 1.09% | 1.28% | ||||||
Expenses net of fee waivers, if any | 1.06% K | 1.18% | 1.36% | 1.34% | 1.09% | 1.28% | ||||||
Expenses net of all reductions | 1.06% K | 1.18% | 1.36% | 1.33% | 1.07% | 1.28% | ||||||
Net investment income (loss) | 1.18% K | 1.42% | .92% | .56% | 4.02% C | .82% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,722 | $ | 16,495 | $ | 32,148 | $ | 23,189 | $ | 20,819 | $ | 19,531 |
Portfolio turnover rate L | 40% K | 55% | 52% | 39% | 45% | 57% |
Fidelity Advisor® Europe Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.65 | $ | 46.18 | $ | 35.42 | $ | 36.32 | $ | 37.57 | $ | 42.47 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .37 | .27 | .09 | 1.30 C | .21 | ||||||
Net realized and unrealized gain (loss) | 6.59 | (12.95) | 10.75 | 1.45 | .83 | (4.23) D | ||||||
Total from investment operations | 6.74 | (12.58) | 11.02 | 1.54 | 2.13 | (4.02) | ||||||
Distributions from net investment income | - | (.83) | (.26) | (1.36) | - | (.23) | ||||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.38) | (.66) | ||||||
Total distributions | - | (5.95) | (.26) | (2.44) | (3.38) | (.88) E | ||||||
Net asset value, end of period | $ | 34.39 | $ | 27.65 | $ | 46.18 | $ | 35.42 | $ | 36.32 | $ | 37.57 |
Total Return F,G,H | 24.38% | (30.51)% | 31.20% | 4.30% | 6.88% | (9.63)% D | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.33% K | 1.49% | 1.68% | 1.65% | 1.41% | 1.61% | ||||||
Expenses net of fee waivers, if any | 1.33% K | 1.48% | 1.68% | 1.65% | 1.40% | 1.61% | ||||||
Expenses net of all reductions | 1.32% K | 1.48% | 1.68% | 1.64% | 1.38% | 1.61% | ||||||
Net investment income (loss) | .91% K | 1.12% | .59% | .25% | 3.70% C | .50% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,919 | $ | 4,066 | $ | 6,937 | $ | 5,204 | $ | 5,782 | $ | 7,257 |
Portfolio turnover rate L | 40% K | 55% | 52% | 39% | 45% | 57% |
Fidelity Advisor® Europe Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.36 | $ | 45.63 | $ | 35.01 | $ | 35.87 | $ | 37.23 | $ | 42.15 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .21 | .04 | (.09) | 1.12 C | .02 | ||||||
Net realized and unrealized gain (loss) | 6.52 | (12.84) | 10.64 | 1.45 | .82 | (4.18) D | ||||||
Total from investment operations | 6.58 | (12.63) | 10.68 | 1.36 | 1.94 | (4.16) | ||||||
Distributions from net investment income | - | (.52) | (.06) | (1.14) | - | (.10) | ||||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.30) | (.66) | ||||||
Total distributions | - | (5.64) | (.06) | (2.22) | (3.30) | (.76) | ||||||
Net asset value, end of period | $ | 33.94 | $ | 27.36 | $ | 45.63 | $ | 35.01 | $ | 35.87 | $ | 37.23 |
Total Return E,F,G | 24.05% | (30.85)% | 30.53% | 3.81% | 6.35% | (10.04)% D | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.84% J | 1.99% | 2.19% | 2.15% | 1.90% | 2.06% | ||||||
Expenses net of fee waivers, if any | 1.83% J | 1.98% | 2.18% | 2.15% | 1.90% | 2.06% | ||||||
Expenses net of all reductions | 1.83% J | 1.98% | 2.18% | 2.14% | 1.87% | 2.06% | ||||||
Net investment income (loss) | .40% J | .62% | .09% | (.25)% | 3.21% C | .04% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,626 | $ | 2,496 | $ | 5,255 | $ | 5,242 | $ | 6,145 | $ | 10,060 |
Portfolio turnover rate K | 40% J | 55% | 52% | 39% | 45% | 57% |
Fidelity® Europe Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.57 | $ | 46.11 | $ | 35.35 | $ | 36.28 | $ | 37.70 | $ | 42.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .24 | .57 | .54 | .30 | 1.52 C | .48 | ||||||
Net realized and unrealized gain (loss) | 6.57 | (12.88) | 10.71 | 1.46 | .81 | (4.24) D | ||||||
Total from investment operations | 6.81 | (12.31) | 11.25 | 1.76 | 2.33 | (3.76) | ||||||
Distributions from net investment income | - | (1.11) | (.49) | (1.61) | (.32) | (.41) | ||||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | (.66) | ||||||
Total distributions | - | (6.23) | (.49) | (2.69) | (3.75) | (1.07) | ||||||
Net asset value, end of period | $ | 34.38 | $ | 27.57 | $ | 46.11 | $ | 35.35 | $ | 36.28 | $ | 37.70 |
Total Return E,F | 24.70% | (30.07)% | 31.99% | 4.95% | 7.56% | (9.05)% D | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .74% I | .88% | 1.06% | 1.03% | .78% | .96% | ||||||
Expenses net of fee waivers, if any | .74% I | .88% | 1.06% | 1.03% | .77% | .96% | ||||||
Expenses net of all reductions | .74% I | .88% | 1.06% | 1.02% | .75% | .96% | ||||||
Net investment income (loss) | 1.50% I | 1.73% | 1.21% | .86% | 4.33% C | 1.14% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 621,705 | $ | 523,685 | $ | 913,296 | $ | 755,125 | $ | 836,373 | $ | 941,670 |
Portfolio turnover rate J | 40% I | 55% | 52% | 39% | 45% | 57% |
Fidelity Advisor® Europe Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.56 | $ | 46.07 | $ | 35.34 | $ | 36.27 | $ | 37.69 | $ | 42.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .24 | .60 | .54 | .31 | 1.53 C | .48 | ||||||
Net realized and unrealized gain (loss) | 6.58 | (12.91) | 10.70 | 1.46 | .80 | (4.23) D | ||||||
Total from investment operations | 6.82 | (12.31) | 11.24 | 1.77 | 2.33 | (3.75) | ||||||
Distributions from net investment income | - | (1.08) | (.51) | (1.62) | (.32) | (.43) | ||||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | (.66) | ||||||
Total distributions | - | (6.20) | (.51) | (2.70) | (3.75) | (1.09) | ||||||
Net asset value, end of period | $ | 34.38 | $ | 27.56 | $ | 46.07 | $ | 35.34 | $ | 36.27 | $ | 37.69 |
Total Return E,F | 24.75% | (30.08)% | 31.99% | 4.99% | 7.58% | (9.02)% D | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .72% I | .86% | 1.06% | 1.00% | .75% | .95% | ||||||
Expenses net of fee waivers, if any | .72% I | .86% | 1.06% | 1.00% | .74% | .95% | ||||||
Expenses net of all reductions | .72% I | .86% | 1.06% | .99% | .72% | .95% | ||||||
Net investment income (loss) | 1.52% I | 1.74% | 1.22% | .90% | 4.36% C | 1.16% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,157 | $ | 4,283 | $ | 14,401 | $ | 14,733 | $ | 6,686 | $ | 7,318 |
Portfolio turnover rate J | 40% I | 55% | 52% | 39% | 45% | 57% |
Fidelity Advisor® Europe Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.48 | $ | 46.00 | $ | 35.27 | $ | 36.21 | $ | 37.69 | $ | 41.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .26 | .62 | .59 | .34 | 1.53 D | .06 | ||||||
Net realized and unrealized gain (loss) | 6.56 | (12.86) | 10.67 | 1.47 | .82 | (3.37) E | ||||||
Total from investment operations | 6.82 | (12.24) | 11.26 | 1.81 | 2.35 | (3.31) | ||||||
Distributions from net investment income | - | (1.17) | (.53) | (1.67) | (.41) | - | ||||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | - | ||||||
Total distributions | - | (6.28) F | (.53) | (2.75) | (3.83) F | - | ||||||
Net asset value, end of period | $ | 34.30 | $ | 27.48 | $ | 46.00 | $ | 35.27 | $ | 36.21 | $ | 37.69 |
Total Return G,H | 24.82% | (30.00)% | 32.13% | 5.11% | 7.71% | (8.07)% E | ||||||
Ratios to Average Net Assets C,I,J | ||||||||||||
Expenses before reductions | .62% K | .76% | .95% | .91% | .65% | .91% K | ||||||
Expenses net of fee waivers, if any | .61% K | .75% | .95% | .90% | .64% | .90% K | ||||||
Expenses net of all reductions | .61% K | .75% | .95% | .90% | .62% | .90% K | ||||||
Net investment income (loss) | 1.62% K | 1.85% | 1.33% | .99% | 4.46% D | 2.04% K | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,948 | $ | 1,461 | $ | 28,249 | $ | 19,479 | $ | 21,838 | $ | 104 |
Portfolio turnover rate L | 40% K | 55% | 52% | 39% | 45% | 57% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $116,586,399 |
Gross unrealized depreciation | (15,066,885) |
Net unrealized appreciation (depreciation) | $101,519,514 |
Tax cost | $557,087,510 |
Short-term | $(54,492,199) |
Long-term | (44,431,472) |
Total capital loss carryforward | $(98,923,671) |
Purchases ($) | Sales ($) | |
Fidelity Europe Fund | 121,863,877 | 149,492,663 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $22,233 | $309 |
Class M | .25% | .25% | 11,590 | 217 |
Class C | .75% | .25% | 13,335 | 823 |
$47,158 | $1,349 |
Retained by FDC | |
Class A | $1,595 |
Class M | 63 |
Class C A | 18 |
$1,676 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $20,777 | .23 |
Class M | 5,949 | .26 |
Class C | 3,452 | .26 |
Europe | 495,660 | .17 |
Class I | 3,674 | .15 |
Class Z | 352 | .04 |
$529,864 |
% of Average Net Assets | |
Fidelity Europe Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Europe Fund | 1,777,727 | 5,941,171 | (2,958,040) |
Amount | |
Fidelity Europe Fund | $599 |
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 Europe Fund | $5,838 | $- | $- |
Expense reduction | |
Class A | $77 |
Class M | 146 |
$223 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Europe Fund | ||
Distributions to shareholders | ||
Class A | $- | $4,275,681 |
Class M | - | 898,902 |
Class C | - | 639,208 |
Europe | - | 122,299,625 |
Class I | - | 1,583,837 |
Class Z | - | 3,790,113 |
Total | $- | $133,487,366 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Europe Fund | ||||
Class A | ||||
Shares sold | 21,458 | 89,634 | $701,355 | $3,307,956 |
Reinvestment of distributions | - | 114,063 | - | 4,203,218 |
Shares redeemed | (103,547) | (302,699) | (3,330,782) | (9,893,172) |
Net increase (decrease) | (82,089) | (99,002) | $(2,629,427) | $(2,381,998) |
Class M | ||||
Shares sold | 1,892 | 8,884 | $60,729 | $301,526 |
Reinvestment of distributions | - | 23,449 | - | 868,563 |
Shares redeemed | (5,908) | (35,522) | (189,847) | (1,126,542) |
Net increase (decrease) | (4,016) | (3,189) | $(129,118) | $43,547 |
Class C | ||||
Shares sold | 4,429 | 5,167 | $141,583 | $168,904 |
Reinvestment of distributions | - | 17,238 | - | 634,712 |
Shares redeemed | (18,254) | (46,375) | (578,332) | (1,573,732) |
Net increase (decrease) | (13,825) | (23,970) | $(436,749) | $(770,116) |
Europe | ||||
Shares sold | 620,306 | 1,206,003 | $20,038,984 | $40,801,820 |
Reinvestment of distributions | - | 3,093,089 | - | 113,578,213 |
Shares redeemed | (1,536,714) | (5,107,735) | (48,593,953) | (176,296,705) |
Net increase (decrease) | (916,408) | (808,643) | $(28,554,969) | $(21,916,672) |
Class I | ||||
Shares sold | 69,591 | 42,946 | $2,309,062 | $1,701,289 |
Reinvestment of distributions | - | 41,688 | - | 1,530,795 |
Shares redeemed | (45,907) | (241,861) | (1,434,540) | (8,753,022) |
Net increase (decrease) | 23,684 | (157,227) | $874,522 | $(5,520,938) |
Class Z | ||||
Shares sold | 7,625 | 91,178 | $247,444 | $3,170,475 |
Reinvestment of distributions | - | 99,611 | - | 3,642,775 |
Shares redeemed | (3,979) | (751,739) | (127,165) | (21,135,524) |
Net increase (decrease) | 3,646 | (560,950) | $120,279 | $(14,322,274) |
Top Holdings (% of Fund's net assets) | ||
Sony Group Corp. (Household Durables) | 4.7 | |
Sumitomo Mitsui Financial Group, Inc. (Banks) | 4.6 | |
Hoya Corp. (Health Care Equipment & Supplies) | 3.9 | |
Hitachi Ltd. (Industrial Conglomerates) | 3.7 | |
DENSO Corp. (Automobile Components) | 3.3 | |
ORIX Corp. (Financial Services) | 3.2 | |
Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) | 3.2 | |
Tokio Marine Holdings, Inc. (Insurance) | 2.9 | |
Shin-Etsu Chemical Co. Ltd. (Chemicals) | 2.6 | |
INPEX Corp. (Oil, Gas & Consumable Fuels) | 2.5 | |
34.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 17.4 | |
Industrials | 17.4 | |
Consumer Discretionary | 17.1 | |
Financials | 11.8 | |
Health Care | 9.4 | |
Materials | 7.3 | |
Communication Services | 5.8 | |
Consumer Staples | 5.5 | |
Energy | 2.9 | |
Real Estate | 1.4 | |
Utilities | 1.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.3% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.8% | |||
Diversified Telecommunication Services - 1.1% | |||
JTOWER, Inc. (a) | 165,600 | 7,141,744 | |
Entertainment - 1.4% | |||
Capcom Co. Ltd. | 61,500 | 2,311,023 | |
Daiichikosho Co. Ltd. | 369,000 | 6,615,512 | |
8,926,535 | |||
Interactive Media & Services - 1.8% | |||
Hypebeast Ltd. (a) | 16,722,500 | 628,778 | |
Kakaku.com, Inc. | 389,900 | 5,364,526 | |
Z Holdings Corp. | 1,944,000 | 5,325,085 | |
11,318,389 | |||
Media - 0.2% | |||
ValueCommerce Co. Ltd. | 116,800 | 1,131,369 | |
Wireless Telecommunication Services - 1.3% | |||
SoftBank Group Corp. | 231,700 | 8,689,311 | |
TOTAL COMMUNICATION SERVICES | 37,207,348 | ||
CONSUMER DISCRETIONARY - 17.1% | |||
Automobile Components - 4.1% | |||
DENSO Corp. | 352,600 | 21,284,209 | |
Koito Manufacturing Co. Ltd. | 256,800 | 4,967,400 | |
26,251,609 | |||
Automobiles - 2.1% | |||
Isuzu Motors Ltd. | 503,400 | 5,944,662 | |
Suzuki Motor Corp. | 217,400 | 7,580,407 | |
13,525,069 | |||
Broadline Retail - 0.8% | |||
Pan Pacific International Holdings Ltd. | 293,200 | 5,479,008 | |
Hotels, Restaurants & Leisure - 0.9% | |||
Curves Holdings Co. Ltd. | 576,700 | 3,362,245 | |
Kyoritsu Maintenance Co. Ltd. | 62,500 | 2,522,883 | |
5,885,128 | |||
Household Durables - 6.1% | |||
Chervon Holdings Ltd. | 381,500 | 1,941,405 | |
Open House Group Co. Ltd. | 172,000 | 6,875,313 | |
Sony Group Corp. | 337,300 | 30,516,796 | |
39,333,514 | |||
Leisure Products - 0.7% | |||
Roland Corp. | 147,700 | 4,427,438 | |
Specialty Retail - 2.4% | |||
Fast Retailing Co. Ltd. | 40,000 | 9,472,065 | |
ZOZO, Inc. | 271,200 | 5,707,230 | |
15,179,295 | |||
TOTAL CONSUMER DISCRETIONARY | 110,081,061 | ||
CONSUMER STAPLES - 5.5% | |||
Consumer Staples Distribution & Retail - 4.2% | |||
Nishimoto Co. Ltd. | 137,900 | 3,928,331 | |
Seven & i Holdings Co. Ltd. | 327,100 | 14,823,338 | |
Sugi Holdings Co. Ltd. | 50,700 | 2,150,940 | |
Tsuruha Holdings, Inc. | 49,900 | 3,268,237 | |
Welcia Holdings Co. Ltd. | 142,300 | 2,979,344 | |
27,150,190 | |||
Personal Care Products - 1.3% | |||
Shiseido Co. Ltd. | 165,100 | 8,275,769 | |
TOTAL CONSUMER STAPLES | 35,425,959 | ||
ENERGY - 2.9% | |||
Oil, Gas & Consumable Fuels - 2.9% | |||
Idemitsu Kosan Co. Ltd. | 125,500 | 2,672,277 | |
INPEX Corp. | 1,489,700 | 16,301,866 | |
18,974,143 | |||
FINANCIALS - 11.8% | |||
Banks - 4.6% | |||
Sumitomo Mitsui Financial Group, Inc. | 727,800 | 29,747,834 | |
Capital Markets - 0.5% | |||
SBI Holdings, Inc. Japan | 155,200 | 3,031,174 | |
Financial Services - 3.2% | |||
ORIX Corp. | 1,221,800 | 20,785,901 | |
Insurance - 3.5% | |||
Lifenet Insurance Co. (a) | 454,100 | 3,957,714 | |
Tokio Marine Holdings, Inc. | 907,200 | 18,241,101 | |
22,198,815 | |||
TOTAL FINANCIALS | 75,763,724 | ||
HEALTH CARE - 9.4% | |||
Biotechnology - 0.2% | |||
PeptiDream, Inc. (a) | 110,100 | 1,487,558 | |
Health Care Equipment & Supplies - 5.1% | |||
Hoya Corp. | 236,500 | 24,798,217 | |
Olympus Corp. | 455,700 | 7,977,674 | |
32,775,891 | |||
Health Care Technology - 0.1% | |||
Medlive Technology Co. Ltd. (b) | 637,500 | 705,979 | |
Pharmaceuticals - 4.0% | |||
Astellas Pharma, Inc. | 859,100 | 12,941,967 | |
Daiichi Sankyo Kabushiki Kaisha | 367,300 | 12,603,758 | |
25,545,725 | |||
TOTAL HEALTH CARE | 60,515,153 | ||
INDUSTRIALS - 17.4% | |||
Aerospace & Defense - 0.2% | |||
Space Exploration Technologies Corp. Class A (a)(c)(d) | 18,055 | 1,390,235 | |
Building Products - 1.9% | |||
Daikin Industries Ltd. | 50,400 | 9,154,206 | |
Toto Ltd. | 97,800 | 3,344,931 | |
12,499,137 | |||
Ground Transportation - 0.5% | |||
Seibu Holdings, Inc. | 286,100 | 3,202,140 | |
Industrial Conglomerates - 3.7% | |||
Hitachi Ltd. | 433,700 | 23,989,958 | |
Machinery - 3.8% | |||
Minebea Mitsumi, Inc. | 372,100 | 6,890,786 | |
Misumi Group, Inc. | 390,960 | 9,862,829 | |
Mitsubishi Heavy Industries Ltd. | 74,000 | 2,806,098 | |
Nabtesco Corp. | 189,900 | 4,577,259 | |
24,136,972 | |||
Professional Services - 5.9% | |||
Dip Corp. | 81,700 | 2,015,709 | |
Funai Soken Holdings, Inc. | 272,000 | 5,214,126 | |
Outsourcing, Inc. | 424,900 | 4,328,276 | |
Persol Holdings Co. Ltd. | 735,400 | 15,163,518 | |
SMS Co., Ltd. | 241,900 | 5,684,675 | |
TechnoPro Holdings, Inc. | 193,400 | 5,276,666 | |
37,682,970 | |||
Trading Companies & Distributors - 1.4% | |||
Itochu Corp. | 280,000 | 9,288,961 | |
TOTAL INDUSTRIALS | 112,190,373 | ||
INFORMATION TECHNOLOGY - 17.4% | |||
Electronic Equipment, Instruments & Components - 1.9% | |||
Dexerials Corp. | 163,900 | 3,119,112 | |
Iriso Electronics Co. Ltd. | 106,200 | 3,635,186 | |
TDK Corp. | 160,200 | 5,507,504 | |
12,261,802 | |||
IT Services - 6.9% | |||
Digital Hearts Holdings Co. Ltd. | 306,492 | 3,320,594 | |
DTS Corp. | 156,600 | 3,720,749 | |
ExaWizards, Inc. (a) | 627,500 | 1,540,479 | |
Fujitsu Ltd. | 106,000 | 14,127,395 | |
Net One Systems Co. Ltd. | 188,900 | 4,453,955 | |
Nomura Research Institute Ltd. | 226,800 | 5,706,185 | |
NSD Co. Ltd. | 300,100 | 5,520,755 | |
Techmatrix Corp. | 346,600 | 4,135,652 | |
TIS, Inc. | 86,000 | 2,361,536 | |
44,887,300 | |||
Semiconductors & Semiconductor Equipment - 6.1% | |||
Advantest Corp. | 56,900 | 4,434,326 | |
Furuya Metal Co. Ltd. | 5,200 | 345,483 | |
Renesas Electronics Corp. (a) | 1,582,200 | 20,619,941 | |
ROHM Co. Ltd. | 85,000 | 6,399,496 | |
Sumco Corp. | 529,600 | 7,293,469 | |
39,092,715 | |||
Software - 0.9% | |||
Appier Group, Inc. (a) | 76,600 | 869,847 | |
Money Forward, Inc. (a) | 118,800 | 4,947,348 | |
5,817,195 | |||
Technology Hardware, Storage & Peripherals - 1.6% | |||
FUJIFILM Holdings Corp. | 195,600 | 10,194,667 | |
TOTAL INFORMATION TECHNOLOGY | 112,253,679 | ||
MATERIALS - 7.3% | |||
Chemicals - 7.3% | |||
JSR Corp. | 382,200 | 8,868,358 | |
Kansai Paint Co. Ltd. | 389,500 | 5,491,164 | |
Nippon Sanso Holdings Corp. | 238,000 | 4,294,159 | |
Nissan Chemical Corp. | 64,500 | 2,866,512 | |
NOF Corp. | 90,400 | 4,130,508 | |
Shin-Etsu Chemical Co. Ltd. | 577,500 | 16,479,437 | |
Tokyo Ohka Kogyo Co. Ltd. | 87,300 | 4,557,342 | |
46,687,480 | |||
REAL ESTATE - 1.4% | |||
Real Estate Management & Development - 1.4% | |||
Relo Group, Inc. | 588,300 | 9,145,940 | |
UTILITIES - 1.3% | |||
Electric Utilities - 1.3% | |||
Kansai Electric Power Co., Inc. | 760,800 | 8,212,620 | |
TOTAL COMMON STOCKS (Cost $519,241,356) | 626,457,480 | ||
Money Market Funds - 0.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) (Cost $1,569,567) | 1,569,253 | 1,569,567 | |
TOTAL INVESTMENT IN SECURITIES - 97.5% (Cost $520,810,923) | 628,027,047 |
NET OTHER ASSETS (LIABILITIES) - 2.5% | 15,897,700 |
NET ASSETS - 100.0% | 643,924,747 |
(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 $705,979 or 0.1% of net assets. |
(c) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,390,235 or 0.2% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Space Exploration Technologies Corp. Class A | 2/16/21 - 5/24/22 | 1,151,846 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 1,141,639 | 27,677,981 | 27,250,053 | 21,080 | - | - | 1,569,567 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 2,829,335 | 42,981,118 | 45,810,453 | 10,838 | - | - | - | 0.0% |
Total | 3,970,974 | 70,659,099 | 73,060,506 | 31,918 | - | - | 1,569,567 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 37,207,348 | - | 37,207,348 | - |
Consumer Discretionary | 110,081,061 | - | 110,081,061 | - |
Consumer Staples | 35,425,959 | - | 35,425,959 | - |
Energy | 18,974,143 | - | 18,974,143 | - |
Financials | 75,763,724 | - | 75,763,724 | - |
Health Care | 60,515,153 | - | 60,515,153 | - |
Industrials | 112,190,373 | - | 110,800,138 | 1,390,235 |
Information Technology | 112,253,679 | - | 112,253,679 | - |
Materials | 46,687,480 | - | 46,687,480 | - |
Real Estate | 9,145,940 | - | 9,145,940 | - |
Utilities | 8,212,620 | - | 8,212,620 | - |
Money Market Funds | 1,569,567 | 1,569,567 | - | - |
Total Investments in Securities: | 628,027,047 | 1,569,567 | 625,067,245 | 1,390,235 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $519,241,356) | $ | 626,457,480 | ||
Fidelity Central Funds (cost $1,569,567) | 1,569,567 | |||
Total Investment in Securities (cost $520,810,923) | $ | 628,027,047 | ||
Foreign currency held at value (cost $12,441,744) | 12,242,243 | |||
Receivable for fund shares sold | 176,093 | |||
Dividends receivable | 5,066,287 | |||
Interest receivable | 364 | |||
Distributions receivable from Fidelity Central Funds | 6,415 | |||
Prepaid expenses | 238 | |||
Total assets | 645,518,687 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,014,052 | ||
Payable for fund shares redeemed | 49,903 | |||
Accrued management fee | 409,816 | |||
Distribution and service plan fees payable | 5,802 | |||
Other affiliated payables | 72,713 | |||
Other payables and accrued expenses | 41,654 | |||
Total Liabilities | 1,593,940 | |||
Net Assets | $ | 643,924,747 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 545,246,197 | ||
Total accumulated earnings (loss) | 98,678,550 | |||
Net Assets | $ | 643,924,747 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($14,431,524 ÷ 943,136 shares) (a) | $ | 15.30 | ||
Maximum offering price per share (100/94.25 of $15.30) | $ | 16.23 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,545,178 ÷ 167,523 shares) (a) | $ | 15.19 | ||
Maximum offering price per share (100/96.50 of $15.19) | $ | 15.74 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,973,157 ÷ 132,029 shares) (a) | $ | 14.94 | ||
Japan : | ||||
Net Asset Value , offering price and redemption price per share ($142,549,341 ÷ 9,244,397 shares) | $ | 15.42 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($32,907,380 ÷ 2,116,987 shares) | $ | 15.54 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($449,518,167 ÷ 29,209,281 shares) | $ | 15.39 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,907,401 | ||
Income from Fidelity Central Funds (including $10,838 from security lending) | 31,918 | |||
Income before foreign taxes withheld | $ | 6,939,319 | ||
Less foreign taxes withheld | (690,740) | |||
Total Income | 6,248,579 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,090,923 | ||
Performance adjustment | 387,368 | |||
Transfer agent fees | 275,141 | |||
Distribution and service plan fees | 35,161 | |||
Accounting fees | 147,861 | |||
Custodian fees and expenses | 14,884 | |||
Independent trustees' fees and expenses | 1,979 | |||
Registration fees | 65,349 | |||
Audit | 33,112 | |||
Legal | 469 | |||
Interest | 15,104 | |||
Miscellaneous | 1,314 | |||
Total expenses before reductions | 3,068,665 | |||
Expense reductions | (14,780) | |||
Total expenses after reductions | 3,053,885 | |||
Net Investment income (loss) | 3,194,694 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 9,512,117 | |||
Foreign currency transactions | 1,339,500 | |||
Total net realized gain (loss) | 10,851,617 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 73,081,881 | |||
Assets and liabilities in foreign currencies | (163,464) | |||
Total change in net unrealized appreciation (depreciation) | 72,918,417 | |||
Net gain (loss) | 83,770,034 | |||
Net increase (decrease) in net assets resulting from operations | $ | 86,964,728 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,194,694 | $ | 4,298,398 |
Net realized gain (loss) | 10,851,617 | (11,275,330) | ||
Change in net unrealized appreciation (depreciation) | 72,918,417 | (232,721,817) | ||
Net increase (decrease) in net assets resulting from operations | 86,964,728 | (239,698,749) | ||
Distributions to shareholders | - | (85,697,627) | ||
Share transactions - net increase (decrease) | (15,273,144) | 66,247,709 | ||
Total increase (decrease) in net assets | 71,691,584 | (259,148,667) | ||
Net Assets | ||||
Beginning of period | 572,233,163 | 831,381,830 | ||
End of period | $ | 643,924,747 | $ | 572,233,163 |
Fidelity Advisor® Japan Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.26 | $ | 20.90 | $ | 17.50 | $ | 15.80 | $ | 14.15 | $ | 15.08 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .04 | .02 | .05 | .07 | .03 | ||||||
Net realized and unrealized gain (loss) | 1.99 | (5.58) | 3.71 | 1.81 | 1.58 | (.85) | ||||||
Total from investment operations | 2.04 | (5.54) | 3.73 | 1.86 | 1.65 | (.82) | ||||||
Distributions from net investment income | - | (.55) | (.07) | (.07) | - | (.08) | ||||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | (.04) | ||||||
Total distributions | - | (2.10) | (.33) C | (.16) | - | (.11) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 15.30 | $ | 13.26 | $ | 20.90 | $ | 17.50 | $ | 15.80 | $ | 14.15 |
Total Return E,F,G | 15.38% | (29.38)% | 21.42% | 11.85% | 11.66% | (5.48)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.36% J | 1.39% | 1.38% | 1.37% | 1.33% | 1.33% | ||||||
Expenses net of fee waivers, if any | 1.36% J | 1.39% | 1.38% | 1.37% | 1.32% | 1.33% | ||||||
Expenses net of all reductions | 1.36% J | 1.39% | 1.38% | 1.37% | 1.32% | 1.32% | ||||||
Net investment income (loss) | .66% J | .26% | .08% | .35% | .51% | .17% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 14,432 | $ | 13,004 | $ | 20,357 | $ | 16,181 | $ | 16,069 | $ | 14,587 |
Portfolio turnover rate K | 19% J | 26% | 31% | 22% | 27% | 40% |
Fidelity Advisor® Japan Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.19 | $ | 20.76 | $ | 17.40 | $ | 15.71 | $ | 14.11 | $ | 15.06 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | (.01) | (.05) | .01 | .03 | (.03) | ||||||
Net realized and unrealized gain (loss) | 1.97 | (5.55) | 3.69 | 1.80 | 1.57 | (.84) | ||||||
Total from investment operations | 2.00 | (5.56) | 3.64 | 1.81 | 1.60 | (.87) | ||||||
Distributions from net investment income | - | (.46) | (.02) | (.03) | - | (.05) | ||||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | (.04) | ||||||
Total distributions | - | (2.01) | (.28) C | (.12) | - | (.08) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 15.19 | $ | 13.19 | $ | 20.76 | $ | 17.40 | $ | 15.71 | $ | 14.11 |
Total Return E,F,G | 15.16% | (29.55)% | 21.00% | 11.55% | 11.34% | (5.81)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.65% J | 1.69% | 1.70% | 1.67% | 1.64% | 1.67% | ||||||
Expenses net of fee waivers, if any | 1.65% J | 1.69% | 1.70% | 1.67% | 1.64% | 1.67% | ||||||
Expenses net of all reductions | 1.62% J | 1.69% | 1.70% | 1.67% | 1.63% | 1.66% | ||||||
Net investment income (loss) | .40% J | (.04)% | (.23)% | .04% | .19% | (.17)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,545 | $ | 2,282 | $ | 3,919 | $ | 3,728 | $ | 3,945 | $ | 3,993 |
Portfolio turnover rate K | 19% J | 26% | 31% | 22% | 27% | 40% |
Fidelity Advisor® Japan Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.00 | $ | 20.43 | $ | 17.17 | $ | 15.49 | $ | 13.97 | $ | 14.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | (.07) | (.12) | (.05) | (.02) | (.08) | ||||||
Net realized and unrealized gain (loss) | 1.94 | (5.49) | 3.63 | 1.77 | 1.54 | (.83) | ||||||
Total from investment operations | 1.94 | (5.56) | 3.51 | 1.72 | 1.52 | (.91) | ||||||
Distributions from net investment income | - | (.33) | (.01) | - | - | - C | ||||||
Distributions from net realized gain | - | (1.55) | (.25) | (.04) | - | (.04) | ||||||
Total distributions | - | (1.87) D | (.25) D | (.04) | - | (.04) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 14.94 | $ | 13.00 | $ | 20.43 | $ | 17.17 | $ | 15.49 | $ | 13.97 |
Total Return E,F,G | 14.92% | (29.85)% | 20.54% | 11.09% | 10.88% | (6.13)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.07% J | 2.11% | 2.09% | 2.06% | 2.01% | 2.04% | ||||||
Expenses net of fee waivers, if any | 2.07% J | 2.10% | 2.09% | 2.05% | 2.00% | 2.03% | ||||||
Expenses net of all reductions | 2.07% J | 2.10% | 2.09% | 2.05% | 2.00% | 2.03% | ||||||
Net investment income (loss) | (.04)% J | (.46)% | (.63)% | (.34)% | (.17)% | (.53)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,973 | $ | 2,179 | $ | 4,778 | $ | 6,167 | $ | 8,829 | $ | 12,586 |
Portfolio turnover rate K | 19% J | 26% | 31% | 22% | 27% | 40% |
Fidelity® Japan Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.35 | $ | 21.01 | $ | 17.58 | $ | 15.86 | $ | 14.20 | $ | 15.13 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .08 | .08 | .10 | .12 | .07 | ||||||
Net realized and unrealized gain (loss) | 2.00 | (5.60) | 3.72 | 1.81 | 1.59 | (.86) | ||||||
Total from investment operations | 2.07 | (5.52) | 3.80 | 1.91 | 1.71 | (.79) | ||||||
Distributions from net investment income | - | (.59) | (.11) | (.11) | (.05) | (.11) | ||||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | (.04) | ||||||
Total distributions | - | (2.14) | (.37) C | (.19) C | (.05) | (.14) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 15.42 | $ | 13.35 | $ | 21.01 | $ | 17.58 | $ | 15.86 | $ | 14.20 |
Total Return E,F | 15.51% | (29.16)% | 21.75% | 12.16% | 12.10% | (5.28)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.10% I | 1.13% | 1.09% | 1.06% | 1.01% | 1.05% | ||||||
Expenses net of fee waivers, if any | 1.09% I | 1.12% | 1.09% | 1.06% | 1.01% | 1.05% | ||||||
Expenses net of all reductions | 1.09% I | 1.12% | 1.09% | 1.06% | 1.00% | 1.04% | ||||||
Net investment income (loss) | .93% I | .52% | .37% | .65% | .82% | .45% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 142,549 | $ | 113,015 | $ | 167,954 | $ | 274,433 | $ | 401,344 | $ | 297,644 |
Portfolio turnover rate J | 19% I | 26% | 31% | 22% | 27% | 40% |
Fidelity Advisor® Japan Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.45 | $ | 20.97 | $ | 17.56 | $ | 15.85 | $ | 14.18 | $ | 15.12 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .09 | .09 | .11 | .13 | .08 | ||||||
Net realized and unrealized gain (loss) | 2.02 | (5.65) | 3.71 | 1.81 | 1.58 | (.85) | ||||||
Total from investment operations | 2.09 | (5.56) | 3.80 | 1.92 | 1.71 | (.77) | ||||||
Distributions from net investment income | - | (.41) | (.14) | (.12) | (.04) | (.14) | ||||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | (.04) | ||||||
Total distributions | - | (1.96) | (.39) | (.21) | (.04) | (.17) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 15.54 | $ | 13.45 | $ | 20.97 | $ | 17.56 | $ | 15.85 | $ | 14.18 |
Total Return E,F | 15.54% | (29.15)% | 21.80% | 12.20% | 12.12% | (5.18)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.08% I | 1.09% | 1.04% | 1.01% | .96% | .98% | ||||||
Expenses net of fee waivers, if any | 1.07% I | 1.09% | 1.04% | 1.01% | .96% | .98% | ||||||
Expenses net of all reductions | 1.07% I | 1.09% | 1.04% | 1.00% | .95% | .97% | ||||||
Net investment income (loss) | .95% I | .56% | .43% | .71% | .87% | .52% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 32,907 | $ | 33,320 | $ | 48,887 | $ | 473,859 | $ | 319,164 | $ | 192,555 |
Portfolio turnover rate J | 19% I | 26% | 31% | 22% | 27% | 40% |
Fidelity Advisor® Japan Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.31 | $ | 20.98 | $ | 17.56 | $ | 15.84 | $ | 14.19 | $ | 15.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .08 | .11 | .10 | .13 | .14 | (.01) | ||||||
Net realized and unrealized gain (loss) | 2.00 | (5.59) | 3.72 | 1.81 | 1.57 | (1.57) | ||||||
Total from investment operations | 2.08 | (5.48) | 3.82 | 1.94 | 1.71 | (1.58) | ||||||
Distributions from net investment income | - | (.64) | (.15) | (.13) | (.06) | - | ||||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | - | ||||||
Total distributions | - | (2.19) | (.40) | (.22) | (.06) | - | ||||||
Net asset value, end of period | $ | 15.39 | $ | 13.31 | $ | 20.98 | $ | 17.56 | $ | 15.84 | $ | 14.19 |
Total Return D,E | 15.63% | (29.07)% | 21.93% | 12.36% | 12.14% | (10.02)% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .93% H | .96% | .96% | .92% | .87% | .96% H | ||||||
Expenses net of fee waivers, if any | .93% H | .96% | .96% | .92% | .87% | .96% H | ||||||
Expenses net of all reductions | .93% H | .96% | .96% | .92% | .86% | .95% H | ||||||
Net investment income (loss) | 1.09% H | .69% | .51% | .79% | .96% | (.73)% H | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 449,518 | $ | 408,434 | $ | 585,487 | $ | 8,368 | $ | 8,136 | $ | 90 |
Portfolio turnover rate I | 19% H | 26% | 31% | 22% | 27% | 40% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $147,998,435 |
Gross unrealized depreciation | (44,124,724) |
Net unrealized appreciation (depreciation) | $103,873,711 |
Tax cost | $524,153,336 |
Short-term | $(10,880,483) |
Long-term | - |
Total capital loss carryforward | $(10,880,483) |
Purchases ($) | Sales ($) | |
Fidelity Japan Fund | 7,337,633 | 74,411,275 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $17,731 | $190 |
Class M | .25% | .25% | 6,246 | 79 |
Class C | .75% | .25% | 11,184 | 825 |
$35,161 | $1,094 |
Retained by FDC | |
Class A | $630 |
Class M | 122 |
Class C A | 14 |
$766 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $15,733 | .22 |
Class M | 3,213 | .26 |
Class C | 2,027 | .18 |
Japan | 134,171 | .21 |
Class I | 27,773 | .18 |
Class Z | 92,224 | .04 |
$275,141 |
% of Average Net Assets | |
Fidelity Japan Fund | .05 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Japan Fund | Borrower | $9,038,500 | 4.30% | $15,104 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Japan Fund | 58,343 | 350,123 | 8,902 |
Amount | |
Fidelity Japan Fund | $600 |
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 Japan Fund | $1,147 | $- | $- |
Expense reduction | |
Class A | $186 |
Class M | 302 |
Class C | 26 |
$514 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Japan Fund | ||
Distributions to shareholders | ||
Class A | $- | $2,019,337 |
Class M | - | 368,577 |
Class C | - | 426,706 |
Japan | - | 17,143,088 |
Class I | - | 4,520,940 |
Class Z | - | 61,218,979 |
Total | $- | $85,697,627 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Japan Fund | ||||
Class A | ||||
Shares sold | 38,280 | 117,484 | $572,904 | $1,791,821 |
Reinvestment of distributions | - | 100,623 | - | 1,865,544 |
Shares redeemed | (75,588) | (211,780) | (1,119,683) | (3,414,360) |
Net increase (decrease) | (37,308) | 6,327 | $(546,779) | $243,005 |
Class M | ||||
Shares sold | 2,744 | 13,826 | $40,557 | $202,895 |
Reinvestment of distributions | - | 19,910 | - | 368,140 |
Shares redeemed | (8,285) | (49,434) | (120,791) | (787,625) |
Net increase (decrease) | (5,541) | (15,698) | $(80,234) | $(216,590) |
Class C | ||||
Shares sold | 9,196 | 8,561 | $133,571 | $138,296 |
Reinvestment of distributions | - | 23,330 | - | 426,706 |
Shares redeemed | (44,782) | (98,132) | (655,321) | (1,544,500) |
Net increase (decrease) | (35,586) | (66,241) | $(521,750) | $(979,498) |
Japan | ||||
Shares sold | 1,643,313 | 1,808,139 | $24,695,867 | $29,931,437 |
Reinvestment of distributions | - | 867,250 | - | 16,148,203 |
Shares redeemed | (865,667) | (2,201,846) | (12,775,173) | (35,408,192) |
Net increase (decrease) | 777,646 | 473,543 | $11,920,694 | $10,671,448 |
Class I | ||||
Shares sold | 1,158,328 | 694,437 | $17,365,542 | $11,578,345 |
Reinvestment of distributions | - | 176,445 | - | 3,310,112 |
Shares redeemed | (1,517,801) | (725,162) | (22,181,444) | (12,524,199) |
Net increase (decrease) | (359,473) | 145,720 | $(4,815,902) | $2,364,258 |
Class Z | ||||
Shares sold | 134,257 | 833,537 | $1,955,047 | $13,605,712 |
Reinvestment of distributions | - | 3,263,046 | - | 60,496,866 |
Shares redeemed | (1,609,645) | (1,323,692) | (23,184,220) | (19,937,492) |
Net increase (decrease) | (1,475,388) | 2,772,891 | $(21,229,173) | $54,165,086 |
Strategic Advisers Fidelity International Fund | |
Fidelity Japan Fund | 60% |
Fund | % of shares held |
Fidelity Japan Fund | 69% |
Top Holdings (% of Fund's net assets) | ||
Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) | 2.8 | |
INPEX Corp. (Oil, Gas & Consumable Fuels) | 2.5 | |
Amano Corp. (Electronic Equipment, Instruments & Components) | 2.3 | |
Money Forward, Inc. (Software) | 2.3 | |
Kansai Electric Power Co., Inc. (Electric Utilities) | 2.1 | |
Central Automotive Products Ltd. (Distributors) | 1.9 | |
Fast Retailing Co. Ltd. (Specialty Retail) | 1.9 | |
Funai Soken Holdings, Inc. (Professional Services) | 1.8 | |
Capcom Co. Ltd. (Entertainment) | 1.8 | |
Asahi Group Holdings (Beverages) | 1.8 | |
21.2 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 22.3 | |
Information Technology | 19.9 | |
Consumer Discretionary | 19.2 | |
Materials | 8.3 | |
Financials | 8.2 | |
Consumer Staples | 5.2 | |
Communication Services | 4.3 | |
Utilities | 3.3 | |
Energy | 2.5 | |
Real Estate | 2.0 | |
Health Care | 1.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 4.3% | |||
Entertainment - 3.0% | |||
Capcom Co. Ltd. | 184,500 | 6,933,069 | |
Daiichikosho Co. Ltd. | 260,300 | 4,666,715 | |
11,599,784 | |||
Interactive Media & Services - 1.3% | |||
Kakaku.com, Inc. | 355,400 | 4,889,850 | |
TOTAL COMMUNICATION SERVICES | 16,489,634 | ||
CONSUMER DISCRETIONARY - 19.2% | |||
Automobile Components - 2.3% | |||
DENSO Corp. | 65,400 | 3,947,780 | |
Shoei Co. Ltd. | 257,800 | 4,782,472 | |
8,730,252 | |||
Automobiles - 3.2% | |||
Isuzu Motors Ltd. | 526,400 | 6,216,270 | |
Suzuki Motor Corp. | 181,200 | 6,318,168 | |
12,534,438 | |||
Broadline Retail - 1.5% | |||
Pan Pacific International Holdings Ltd. | 313,000 | 5,849,010 | |
Distributors - 1.9% | |||
Central Automotive Products Ltd. | 355,300 | 7,554,016 | |
Hotels, Restaurants & Leisure - 2.1% | |||
Curves Holdings Co. Ltd. | 464,600 | 2,708,686 | |
Koshidaka Holdings Co. Ltd. | 654,700 | 5,542,663 | |
8,251,349 | |||
Household Durables - 1.2% | |||
Open House Group Co. Ltd. | 114,200 | 4,564,888 | |
Leisure Products - 1.8% | |||
Bandai Namco Holdings, Inc. | 147,900 | 3,359,611 | |
Roland Corp. | 123,100 | 3,690,031 | |
7,049,642 | |||
Specialty Retail - 5.2% | |||
ABC-MART, Inc. | 73,000 | 4,148,499 | |
Arcland Sakamoto Co. Ltd. | 202,500 | 2,293,520 | |
Fast Retailing Co. Ltd. | 30,900 | 7,317,171 | |
Fuji Corp. | 663,800 | 6,424,228 | |
20,183,418 | |||
TOTAL CONSUMER DISCRETIONARY | 74,717,013 | ||
CONSUMER STAPLES - 5.2% | |||
Beverages - 1.8% | |||
Asahi Group Holdings | 175,200 | 6,768,694 | |
Food Products - 1.8% | |||
Ajinomoto Co., Inc. | 58,600 | 2,107,512 | |
Kotobuki Spirits Co. Ltd. | 68,100 | 5,028,826 | |
7,136,338 | |||
Personal Care Products - 1.6% | |||
Shiseido Co. Ltd. | 124,300 | 6,230,636 | |
TOTAL CONSUMER STAPLES | 20,135,668 | ||
ENERGY - 2.5% | |||
Oil, Gas & Consumable Fuels - 2.5% | |||
INPEX Corp. | 893,600 | 9,778,712 | |
FINANCIALS - 8.2% | |||
Banks - 1.3% | |||
Bank of Kyoto Ltd. | 102,300 | 5,033,410 | |
Financial Services - 1.8% | |||
ORIX Corp. | 243,000 | 4,134,043 | |
Zenkoku Hosho Co. Ltd. | 76,300 | 2,804,340 | |
6,938,383 | |||
Insurance - 5.1% | |||
Lifenet Insurance Co. (a) | 322,000 | 2,806,395 | |
Sompo Holdings, Inc. | 106,600 | 4,448,375 | |
T&D Holdings, Inc. | 523,200 | 6,407,290 | |
Tokio Marine Holdings, Inc. | 299,200 | 6,016,025 | |
19,678,085 | |||
TOTAL FINANCIALS | 31,649,878 | ||
HEALTH CARE - 1.7% | |||
Health Care Equipment & Supplies - 0.7% | |||
Eiken Chemical Co. Ltd. | 232,000 | 2,697,423 | |
Health Care Providers & Services - 1.0% | |||
As One Corp. | 93,700 | 3,969,557 | |
TOTAL HEALTH CARE | 6,666,980 | ||
INDUSTRIALS - 22.3% | |||
Air Freight & Logistics - 0.7% | |||
SG Holdings Co. Ltd. | 204,500 | 2,942,719 | |
Commercial Services & Supplies - 0.7% | |||
Park24 Co. Ltd. (a) | 168,500 | 2,604,518 | |
Construction & Engineering - 0.9% | |||
Raito Kogyo Co. Ltd. | 226,900 | 3,346,724 | |
Electrical Equipment - 0.7% | |||
SWCC Showa Holdings Co. Ltd. | 200,400 | 2,602,895 | |
Machinery - 4.5% | |||
CKD Corp. | 231,400 | 3,524,823 | |
Minebea Mitsumi, Inc. | 295,200 | 5,466,702 | |
Misumi Group, Inc. | 205,637 | 5,187,647 | |
Nabtesco Corp. | 137,800 | 3,321,465 | |
17,500,637 | |||
Marine Transportation - 1.2% | |||
Nippon Concept Corp. | 400,000 | 4,769,407 | |
Professional Services - 7.1% | |||
Funai Soken Holdings, Inc. | 362,780 | 6,954,340 | |
Open Up Group, Inc. | 232,500 | 3,444,303 | |
Persol Holdings Co. Ltd. | 180,000 | 3,711,495 | |
TechnoPro Holdings, Inc. | 208,000 | 5,675,008 | |
TKC Corp. | 190,200 | 5,140,605 | |
Visional, Inc. (a) | 53,600 | 2,810,982 | |
27,736,733 | |||
Trading Companies & Distributors - 4.9% | |||
Hanwa Co. Ltd. | 119,250 | 3,692,587 | |
Inaba Denki Sangyo Co. Ltd. | 295,700 | 6,604,747 | |
Itochu Corp. | 155,600 | 5,162,008 | |
Mitani Shoji Co. Ltd. | 290,300 | 2,858,970 | |
Yuasa Trading Co. Ltd. | 29,400 | 853,842 | |
19,172,154 | |||
Transportation Infrastructure - 1.6% | |||
Kamigumi Co. Ltd. | 276,100 | 6,050,969 | |
TOTAL INDUSTRIALS | 86,726,756 | ||
INFORMATION TECHNOLOGY - 19.9% | |||
Electronic Equipment, Instruments & Components - 7.3% | |||
Amano Corp. | 447,900 | 9,119,672 | |
Azbil Corp. | 161,100 | 4,505,446 | |
Dexerials Corp. | 114,600 | 2,180,905 | |
Ibiden Co. Ltd. | 98,600 | 3,879,539 | |
Kohoku Kogyo Co. Ltd. (b) | 42,600 | 1,589,343 | |
Maruwa Ceramic Co. Ltd. | 35,000 | 4,463,374 | |
Shibaura Electronics Co. Ltd. | 62,100 | 2,611,248 | |
28,349,527 | |||
IT Services - 5.6% | |||
Argo Graphics, Inc. | 216,400 | 6,097,516 | |
GMO Internet, Inc. | 159,800 | 3,214,644 | |
Net One Systems Co. Ltd. | 286,100 | 6,745,773 | |
NSD Co. Ltd. | 295,000 | 5,426,933 | |
21,484,866 | |||
Semiconductors & Semiconductor Equipment - 3.8% | |||
Renesas Electronics Corp. (a) | 851,000 | 11,090,614 | |
Sumco Corp. | 273,257 | 3,763,201 | |
14,853,815 | |||
Software - 2.3% | |||
Money Forward, Inc. (a) | 217,000 | 9,036,822 | |
Technology Hardware, Storage & Peripherals - 0.9% | |||
FUJIFILM Holdings Corp. | 67,200 | 3,502,462 | |
TOTAL INFORMATION TECHNOLOGY | 77,227,492 | ||
MATERIALS - 8.3% | |||
Chemicals - 4.2% | |||
C. Uyemura & Co. Ltd. | 128,700 | 6,210,096 | |
Fujimi, Inc. | 63,900 | 3,310,260 | |
NOF Corp. | 87,200 | 3,984,295 | |
Tokyo Ohka Kogyo Co. Ltd. | 54,500 | 2,845,076 | |
16,349,727 | |||
Construction Materials - 1.0% | |||
Maeda Kosen Co. Ltd. | 152,300 | 3,644,245 | |
Metals & Mining - 3.1% | |||
Dowa Holdings Co. Ltd. | 166,000 | 5,423,299 | |
Yamato Kogyo Co. Ltd. | 168,100 | 6,604,154 | |
12,027,453 | |||
TOTAL MATERIALS | 32,021,425 | ||
REAL ESTATE - 2.0% | |||
Equity Real Estate Investment Trusts (REITs) - 0.6% | |||
Invincible Investment Corp. | 5,200 | 2,245,139 | |
Real Estate Management & Development - 1.4% | |||
Relo Group, Inc. | 366,600 | 5,699,306 | |
TOTAL REAL ESTATE | 7,944,445 | ||
UTILITIES - 3.3% | |||
Electric Utilities - 2.1% | |||
Kansai Electric Power Co., Inc. | 753,100 | 8,129,500 | |
Gas Utilities - 1.2% | |||
Nippon Gas Co. Ltd. | 331,700 | 4,664,532 | |
TOTAL UTILITIES | 12,794,032 | ||
TOTAL COMMON STOCKS (Cost $309,353,444) | 376,152,035 | ||
Money Market Funds - 0.4% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 4.88% (c)(d) (Cost $1,510,500) | 1,510,349 | 1,510,500 | |
TOTAL INVESTMENT IN SECURITIES - 97.3% (Cost $310,863,944) | 377,662,535 |
NET OTHER ASSETS (LIABILITIES) - 2.7% | 10,666,832 |
NET ASSETS - 100.0% | 388,329,367 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 14,224,205 | 32,906,452 | 47,130,657 | 199,509 | - | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 2,325,000 | 93,875,205 | 94,689,705 | 74,984 | - | - | 1,510,500 | 0.0% |
Total | 16,549,205 | 126,781,657 | 141,820,362 | 274,493 | - | - | 1,510,500 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 16,489,634 | - | 16,489,634 | - |
Consumer Discretionary | 74,717,013 | - | 74,717,013 | - |
Consumer Staples | 20,135,668 | - | 20,135,668 | - |
Energy | 9,778,712 | - | 9,778,712 | - |
Financials | 31,649,878 | - | 31,649,878 | - |
Health Care | 6,666,980 | - | 6,666,980 | - |
Industrials | 86,726,756 | - | 86,726,756 | - |
Information Technology | 77,227,492 | - | 77,227,492 | - |
Materials | 32,021,425 | - | 32,021,425 | - |
Real Estate | 7,944,445 | - | 7,944,445 | - |
Utilities | 12,794,032 | - | 12,794,032 | - |
Money Market Funds | 1,510,500 | 1,510,500 | - | - |
Total Investments in Securities: | 377,662,535 | 1,510,500 | 376,152,035 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $1,430,755) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $309,353,444) | $ | 376,152,035 | ||
Fidelity Central Funds (cost $1,510,500) | 1,510,500 | |||
Total Investment in Securities (cost $310,863,944) | $ | 377,662,535 | ||
Foreign currency held at value (cost $8,575,832) | 8,464,254 | |||
Receivable for investments sold | 64,484 | |||
Receivable for fund shares sold | 60,511 | |||
Dividends receivable | 3,954,350 | |||
Distributions receivable from Fidelity Central Funds | 19,832 | |||
Prepaid expenses | 151 | |||
Total assets | 390,226,117 | |||
Liabilities | ||||
Payable to custodian bank | $ | 19,410 | ||
Payable for fund shares redeemed | 39,591 | |||
Accrued management fee | 217,522 | |||
Other affiliated payables | 68,044 | |||
Other payables and accrued expenses | 41,683 | |||
Collateral on securities loaned | 1,510,500 | |||
Total Liabilities | 1,896,750 | |||
Net Assets | $ | 388,329,367 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 332,084,918 | ||
Total accumulated earnings (loss) | 56,244,449 | |||
Net Assets | $ | 388,329,367 | ||
Net Asset Value , offering price and redemption price per share ($388,329,367 ÷ 27,121,721 shares) | $ | 14.32 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 5,355,411 | ||
Income from Fidelity Central Funds (including $74,984 from security lending) | 274,493 | |||
Income before foreign taxes withheld | $ | 5,629,904 | ||
Less foreign taxes withheld | (535,576) | |||
Total Income | 5,094,328 | |||
Expenses | ||||
Management fee | $ | 1,311,830 | ||
Transfer agent fees | 311,775 | |||
Accounting fees | 96,587 | |||
Custodian fees and expenses | 16,107 | |||
Independent trustees' fees and expenses | 1,250 | |||
Registration fees | 13,616 | |||
Audit | 28,313 | |||
Legal | 300 | |||
Miscellaneous | 834 | |||
Total expenses before reductions | 1,780,612 | |||
Expense reductions | (8,998) | |||
Total expenses after reductions | 1,771,614 | |||
Net Investment income (loss) | 3,322,714 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 9,267,778 | |||
Foreign currency transactions | 187,592 | |||
Total net realized gain (loss) | 9,455,370 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 40,445,105 | |||
Assets and liabilities in foreign currencies | (60,349) | |||
Total change in net unrealized appreciation (depreciation) | 40,384,756 | |||
Net gain (loss) | 49,840,126 | |||
Net increase (decrease) in net assets resulting from operations | $ | 53,162,840 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,322,714 | $ | 5,662,274 |
Net realized gain (loss) | 9,455,370 | (1,219,316) | ||
Change in net unrealized appreciation (depreciation) | 40,384,756 | (112,241,112) | ||
Net increase (decrease) in net assets resulting from operations | 53,162,840 | (107,798,154) | ||
Distributions to shareholders | (198,124) | (52,717,138) | ||
Share transactions | ||||
Proceeds from sales of shares | 5,764,524 | 11,321,055 | ||
Reinvestment of distributions | 192,250 | 51,177,635 | ||
Cost of shares redeemed | (35,016,751) | (38,772,821) | ||
Net increase (decrease) in net assets resulting from share transactions | (29,059,977) | 23,725,869 | ||
Total increase (decrease) in net assets | 23,904,739 | (136,789,423) | ||
Net Assets | ||||
Beginning of period | 364,424,628 | 501,214,051 | ||
End of period | $ | 388,329,367 | $ | 364,424,628 |
Other Information | ||||
Shares | ||||
Sold | 424,880 | 811,228 | ||
Issued in reinvestment of distributions | 14,575 | 3,289,051 | ||
Redeemed | (2,547,425) | (2,841,225) | ||
Net increase (decrease) | (2,107,970) | 1,259,054 | ||
Fidelity® Japan Smaller Companies Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.47 | $ | 17.92 | $ | 16.64 | $ | 17.60 | $ | 17.12 | $ | 18.84 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .19 | .20 | .16 | .22 | .18 | ||||||
Net realized and unrealized gain (loss) | 1.74 | (3.75) | 1.36 | .11 | 1.10 | (1.00) | ||||||
Total from investment operations | 1.86 | (3.56) | 1.56 | .27 | 1.32 | (.82) | ||||||
Distributions from net investment income | (.01) | (.51) | (.19) | (.23) | (.11) | (.16) | ||||||
Distributions from net realized gain | - | (1.38) | (.10) | (1.00) | (.73) | (.74) | ||||||
Total distributions | (.01) | (1.89) | (.28) C | (1.23) | (.84) | (.90) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 14.32 | $ | 12.47 | $ | 17.92 | $ | 16.64 | $ | 17.60 | $ | 17.12 |
Total Return E,F | 14.90% | (21.95)% | 9.44% | 1.31% | 8.22% | (4.71)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .92% I | .91% | .91% | .92% | .93% | .94% | ||||||
Expenses net of fee waivers, if any | .91% I | .91% | .91% | .92% | .93% | .93% | ||||||
Expenses net of all reductions | .91% I | .91% | .91% | .92% | .93% | .93% | ||||||
Net investment income (loss) | 1.71% I | 1.33% | 1.13% | 1.02% | 1.31% | .95% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 388,329 | $ | 364,425 | $ | 501,214 | $ | 523,774 | $ | 685,651 | $ | 715,402 |
Portfolio turnover rate J | 33% I | 38% | 23% | 20% | 16% | 17% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $72,698,600 |
Gross unrealized depreciation | (16,262,088) |
Net unrealized appreciation (depreciation) | $56,436,512 |
Tax cost | $321,226,023 |
Short-term | $(2,461,352) |
Long-term | (9,471,810) |
Total capital loss carryforward | $(11,933,162) |
Purchases ($) | Sales ($) | |
Fidelity Japan Smaller Companies Fund | 62,132,635 | 77,467,533 |
% of Average Net Assets | |
Fidelity Japan Smaller Companies Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Japan Smaller Companies Fund | 350,332 | 2,844,323 | 621,258 |
Amount | |
Fidelity Japan Smaller Companies Fund | $381 |
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 Japan Smaller Companies Fund | $8,105 | $- | $- |
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | VIP FundsManager 50% Portfolio | VIP FundsManager 60% Portfolio | |
Fidelity Japan Smaller Companies Fund | 11% | 23% | 10% | 11% |
Fund | % of shares held |
Fidelity Japan Smaller Companies Fund | 60% |
Top Holdings (% of Fund's net assets) | ||
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (Brazil, Oil, Gas & Consumable Fuels) | 9.8 | |
Genomma Lab Internacional SA de CV (Mexico, Pharmaceuticals) | 9.1 | |
Itausa-Investimentos Itau SA (PN) (Brazil, Banks) | 4.8 | |
Intercorp Financial Services, Inc. (Peru, Banks) | 4.0 | |
Hypera SA (Brazil, Pharmaceuticals) | 3.9 | |
Afya Ltd. (Brazil, Diversified Consumer Services) | 3.8 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA (Brazil, Ground Transportation) | 3.8 | |
Equatorial Energia SA (Brazil, Electric Utilities) | 3.6 | |
Pet Center Comercio e Participacoes SA (Brazil, Specialty Retail) | 3.6 | |
Caixa Seguridade Participacoes (Brazil, Insurance) | 3.3 | |
49.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 28.3 | |
Health Care | 19.2 | |
Consumer Discretionary | 11.8 | |
Energy | 9.8 | |
Industrials | 9.6 | |
Consumer Staples | 9.3 | |
Materials | 6.7 | |
Utilities | 3.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 79.4% | |||
Shares | Value ($) | ||
Brazil - 45.2% | |||
Afya Ltd. (a)(b) | 822,361 | 9,465,375 | |
Atacadao SA | 3,219,093 | 6,937,979 | |
Blau Farmaceutica SA | 1,509,604 | 6,016,867 | |
Caixa Seguridade Participacoes | 4,384,392 | 8,315,560 | |
CM Hospitalar SA | 1,549,891 | 4,934,494 | |
Equatorial Energia SA | 1,645,536 | 9,019,799 | |
Hapvida Participacoes e Investimentos SA (a)(c) | 8,030,761 | 4,443,823 | |
Hypera SA | 1,285,631 | 9,601,378 | |
Localiza Rent a Car SA | 593,823 | 6,906,386 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 2,657 | 9,141 | |
Lojas Renner SA | 1,175,944 | 3,734,503 | |
PagSeguro Digital Ltd. (a) | 289,111 | 2,844,852 | |
Pet Center Comercio e Participacoes SA | 7,255,469 | 8,975,148 | |
Sendas Distribuidora SA | 3,135,680 | 7,726,354 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 3,812,545 | 9,340,651 | |
Vasta Platform Ltd. (a)(b) | 1,725,714 | 7,196,227 | |
XP, Inc. Class A (a) | 488,195 | 6,976,307 | |
TOTAL BRAZIL | 112,444,844 | ||
Chile - 0.6% | |||
Sociedad Quimica y Minera de Chile SA (PN-B) sponsored ADR | 20,636 | 1,392,517 | |
Mexico - 22.3% | |||
Banco del Bajio SA (c) | 1,705,072 | 5,609,445 | |
Becle S.A.B. de CV (b) | 2,456,905 | 5,670,990 | |
Genomma Lab Internacional SA de CV | 27,398,469 | 22,766,658 | |
Grupo Aeroportuario Norte S.A.B. de CV | 673,550 | 7,404,011 | |
Qualitas Controladora S.A.B. de CV | 1,169,915 | 7,733,496 | |
Regional S.A.B. de CV | 848,377 | 6,212,954 | |
TOTAL MEXICO | 55,397,554 | ||
Peru - 4.0% | |||
Intercorp Financial Services, Inc. | 448,354 | 10,029,679 | |
Sweden - 1.1% | |||
VEF AB (a) | 14,010,796 | 2,866,359 | |
United Kingdom - 1.1% | |||
British American Tobacco PLC (United Kingdom) | 74,693 | 2,759,592 | |
United States of America - 2.1% | |||
FirstCash Holdings, Inc. | 51,321 | 5,287,603 | |
Zambia - 3.0% | |||
First Quantum Minerals Ltd. | 305,762 | 7,429,372 | |
TOTAL COMMON STOCKS (Cost $224,940,716) | 197,607,520 | ||
Nonconvertible Preferred Stocks - 18.9% | |||
Shares | Value ($) | ||
Brazil - 18.9% | |||
Banco Bradesco SA (PN) | 1,058,640 | 2,939,605 | |
Itausa-Investimentos Itau SA (PN) | 6,901,775 | 12,010,788 | |
Metalurgica Gerdau SA (PN) | 3,304,769 | 7,725,572 | |
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) | 5,100,934 | 24,237,565 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $41,343,215) | 46,913,530 | ||
Money Market Funds - 0.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) | 302,215 | 302,275 | |
Fidelity Securities Lending Cash Central Fund 4.88% (d)(e) | 372,602 | 372,639 | |
TOTAL MONEY MARKET FUNDS (Cost $674,914) | 674,914 | ||
TOTAL INVESTMENT IN SECURITIES - 98.6% (Cost $266,958,845) | 245,195,964 |
NET OTHER ASSETS (LIABILITIES) - 1.4% | 3,560,898 |
NET ASSETS - 100.0% | 248,756,862 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $10,053,268 or 4.0% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 647,124 | 25,566,491 | 25,911,340 | 17,358 | - | - | 302,275 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 1,102,930 | 29,027,905 | 29,758,196 | 13,307 | - | - | 372,639 | 0.0% |
Total | 1,750,054 | 54,594,396 | 55,669,536 | 30,665 | - | - | 674,914 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 29,371,253 | 29,371,253 | - | - |
Consumer Staples | 23,094,915 | 20,335,323 | 2,759,592 | - |
Energy | 24,237,565 | 24,237,565 | - | - |
Financials | 70,826,648 | 70,826,648 | - | - |
Health Care | 47,763,220 | 47,763,220 | - | - |
Industrials | 23,660,189 | 23,660,189 | - | - |
Materials | 16,547,461 | 16,547,461 | - | - |
Utilities | 9,019,799 | 9,019,799 | - | - |
Money Market Funds | 674,914 | 674,914 | - | - |
Total Investments in Securities: | 245,195,964 | 242,436,372 | 2,759,592 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $330,807) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $266,283,931) | $ | 244,521,050 | ||
Fidelity Central Funds (cost $674,914) | 674,914 | |||
Total Investment in Securities (cost $266,958,845) | $ | 245,195,964 | ||
Receivable for fund shares sold | 83,211 | |||
Dividends receivable | 4,533,690 | |||
Distributions receivable from Fidelity Central Funds | 5,680 | |||
Prepaid expenses | 101 | |||
Total assets | 249,818,646 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 429,099 | ||
Accrued management fee | 139,283 | |||
Distribution and service plan fees payable | 4,398 | |||
Other affiliated payables | 63,008 | |||
Other payables and accrued expenses | 55,937 | |||
Collateral on securities loaned | 370,059 | |||
Total Liabilities | 1,061,784 | |||
Net Assets | $ | 248,756,862 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 339,111,428 | ||
Total accumulated earnings (loss) | (90,354,566) | |||
Net Assets | $ | 248,756,862 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($12,027,572 ÷ 666,867 shares) (a) | $ | 18.04 | ||
Maximum offering price per share (100/94.25 of $18.04) | $ | 19.14 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,735,556 ÷ 151,280 shares) (a) | $ | 18.08 | ||
Maximum offering price per share (100/96.50 of $18.08) | $ | 18.74 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,025,631 ÷ 56,166 shares) (a) | $ | 18.26 | ||
Latin America : | ||||
Net Asset Value , offering price and redemption price per share ($228,957,561 ÷ 12,722,710 shares) | $ | 18.00 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($3,354,333 ÷ 186,640 shares) | $ | 17.97 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($656,209 ÷ 36,393 shares) | $ | 18.03 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 11,069,085 | ||
Income from Fidelity Central Funds (including $13,307 from security lending) | 30,665 | |||
Income before foreign taxes withheld | $ | 11,099,750 | ||
Less foreign taxes withheld | (377,585) | |||
Total Income | 10,722,165 | |||
Expenses | ||||
Management fee | $ | 881,582 | ||
Transfer agent fees | 328,692 | |||
Distribution and service plan fees | 26,950 | |||
Accounting fees | 64,906 | |||
Custodian fees and expenses | 47,637 | |||
Independent trustees' fees and expenses | 869 | |||
Registration fees | 44,701 | |||
Audit | 34,297 | |||
Legal | 204 | |||
Miscellaneous | 570 | |||
Total expenses before reductions | 1,430,408 | |||
Expense reductions | (6,231) | |||
Total expenses after reductions | 1,424,177 | |||
Net Investment income (loss) | 9,297,988 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 9,836,487 | |||
Foreign currency transactions | 123,383 | |||
Total net realized gain (loss) | 9,959,870 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (40,047,872) | |||
Assets and liabilities in foreign currencies | 23,463 | |||
Total change in net unrealized appreciation (depreciation) | (40,024,409) | |||
Net gain (loss) | (30,064,539) | |||
Net increase (decrease) in net assets resulting from operations | $ | (20,766,551) |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 9,297,988 | $ | 24,063,331 |
Net realized gain (loss) | 9,959,870 | (14,063,333) | ||
Change in net unrealized appreciation (depreciation) | (40,024,409) | 19,797,722 | ||
Net increase (decrease) in net assets resulting from operations | (20,766,551) | 29,797,720 | ||
Distributions to shareholders | (21,810,362) | (7,964,894) | ||
Share transactions - net increase (decrease) | 6,618,816 | (30,282,037) | ||
Total increase (decrease) in net assets | (35,958,097) | (8,449,211) | ||
Net Assets | ||||
Beginning of period | 284,714,959 | 293,164,170 | ||
End of period | $ | 248,756,862 | $ | 284,714,959 |
Fidelity Advisor® Latin America Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.18 | $ | 19.37 | $ | 17.40 | $ | 28.36 | $ | 21.98 | $ | 24.93 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .64 | 1.60 | .15 | .04 | .69 | .50 | ||||||
Net realized and unrealized gain (loss) | (2.20) | .68 | 1.82 | (10.40) | 6.11 | (3.16) | ||||||
Total from investment operations | (1.56) | 2.28 | 1.97 | (10.36) | 6.80 | (2.66) | ||||||
Distributions from net investment income | (1.58) | (.47) | - C | (.60) | (.42) | (.29) | ||||||
Total distributions | (1.58) | (.47) | - C | (.60) | (.42) | (.29) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.04 | $ | 21.18 | $ | 19.37 | $ | 17.40 | $ | 28.36 | $ | 21.98 |
Total Return D,E,F | (7.30)% | 12.17% | 11.34% | (37.31)% | 31.60% | (10.78)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.34% I | 1.32% | 1.33% | 1.36% | 1.36% | 1.38% | ||||||
Expenses net of fee waivers, if any | 1.33% I | 1.32% | 1.33% | 1.35% | 1.36% | 1.38% | ||||||
Expenses net of all reductions | 1.33% I | 1.32% | 1.33% | 1.33% | 1.36% | 1.36% | ||||||
Net investment income (loss) | 6.90% I | 7.98% | .70% | .18% | 2.81% | 2.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,028 | $ | 13,309 | $ | 10,217 | $ | 9,131 | $ | 17,953 | $ | 14,157 |
Portfolio turnover rate J | 41% I | 48% | 33% | 54% | 48% | 53% |
Fidelity Advisor® Latin America Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.19 | $ | 19.35 | $ | 17.44 | $ | 28.41 | $ | 22.00 | $ | 24.96 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .62 | 1.55 | .10 | (.02) | .63 | .43 | ||||||
Net realized and unrealized gain (loss) | (2.20) | .69 | 1.81 | (10.42) | 6.13 | (3.16) | ||||||
Total from investment operations | (1.58) | 2.24 | 1.91 | (10.44) | 6.76 | (2.73) | ||||||
Distributions from net investment income | (1.53) | (.40) | - | (.53) | (.35) | (.23) | ||||||
Total distributions | (1.53) | (.40) | - | (.53) | (.35) | (.23) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.08 | $ | 21.19 | $ | 19.35 | $ | 17.44 | $ | 28.41 | $ | 22.00 |
Total Return D,E,F | (7.43)% | 11.92% | 10.95% | (37.45)% | 31.26% | (11.04)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.59% I | 1.58% | 1.59% | 1.62% | 1.64% | 1.66% | ||||||
Expenses net of fee waivers, if any | 1.58% I | 1.58% | 1.59% | 1.61% | 1.63% | 1.66% | ||||||
Expenses net of all reductions | 1.55% I | 1.58% | 1.59% | 1.59% | 1.63% | 1.63% | ||||||
Net investment income (loss) | 6.68% I | 7.72% | .44% | (.09)% | 2.54% | 1.80% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,736 | $ | 3,024 | $ | 2,701 | $ | 2,912 | $ | 6,032 | $ | 5,098 |
Portfolio turnover rate J | 41% I | 48% | 33% | 54% | 48% | 53% |
Fidelity Advisor® Latin America Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.33 | $ | 19.45 | $ | 17.61 | $ | 28.67 | $ | 22.16 | $ | 25.12 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .58 | 1.46 | (.01) | (.13) | .51 | .32 | ||||||
Net realized and unrealized gain (loss) | (2.22) | .71 | 1.85 | (10.56) | 6.21 | (3.18) | ||||||
Total from investment operations | (1.64) | 2.17 | 1.84 | (10.69) | 6.72 | (2.86) | ||||||
Distributions from net investment income | (1.43) | (.29) | - | (.37) | (.21) | (.10) | ||||||
Total distributions | (1.43) | (.29) | - | (.37) | (.21) | (.10) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.26 | $ | 21.33 | $ | 19.45 | $ | 17.61 | $ | 28.67 | $ | 22.16 |
Total Return D,E,F | (7.66)% | 11.36% | 10.45% | (37.78)% | 30.62% | (11.43)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.09% I | 2.08% | 2.08% | 2.11% | 2.12% | 2.13% | ||||||
Expenses net of fee waivers, if any | 2.08% I | 2.07% | 2.08% | 2.11% | 2.12% | 2.13% | ||||||
Expenses net of all reductions | 2.08% I | 2.07% | 2.08% | 2.09% | 2.12% | 2.11% | ||||||
Net investment income (loss) | 6.15% I | 7.22% | (.05)% | (.58)% | 2.06% | 1.33% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,026 | $ | 946 | $ | 656 | $ | 810 | $ | 3,438 | $ | 3,498 |
Portfolio turnover rate J | 41% I | 48% | 33% | 54% | 48% | 53% |
Fidelity® Latin America Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.17 | $ | 19.36 | $ | 17.36 | $ | 28.30 | $ | 21.94 | $ | 24.89 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .66 | 1.65 | .22 | .10 | .77 | .57 | ||||||
Net realized and unrealized gain (loss) | (2.20) | .69 | 1.79 | (10.36) | 6.09 | (3.15) | ||||||
Total from investment operations | (1.54) | 2.34 | 2.01 | (10.26) | 6.86 | (2.58) | ||||||
Distributions from net investment income | (1.63) | (.53) | (.01) | (.68) | (.50) | (.37) | ||||||
Total distributions | (1.63) | (.53) | (.01) | (.68) | (.50) | (.37) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.00 | $ | 21.17 | $ | 19.36 | $ | 17.36 | $ | 28.30 | $ | 21.94 |
Total Return D,E | (7.21)% | 12.55% | 11.58% | (37.13)% | 32.06% | (10.50)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.08% H | 1.06% | 1.04% | 1.05% | 1.05% | 1.07% | ||||||
Expenses net of fee waivers, if any | 1.07% H | 1.05% | 1.04% | 1.05% | 1.04% | 1.07% | ||||||
Expenses net of all reductions | 1.07% H | 1.05% | 1.04% | 1.03% | 1.04% | 1.05% | ||||||
Net investment income (loss) | 7.16% H | 8.24% | .99% | .48% | 3.13% | 2.39% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 228,958 | $ | 262,361 | $ | 262,484 | $ | 277,942 | $ | 517,901 | $ | 445,845 |
Portfolio turnover rate I | 41% H | 48% | 33% | 54% | 48% | 53% |
Fidelity Advisor® Latin America Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.15 | $ | 19.34 | $ | 17.34 | $ | 28.28 | $ | 21.92 | $ | 24.88 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .66 | 1.67 | .23 | .12 | .78 | .59 | ||||||
Net realized and unrealized gain (loss) | (2.20) | .67 | 1.78 | (10.34) | 6.08 | (3.15) | ||||||
Total from investment operations | (1.54) | 2.34 | 2.01 | (10.22) | 6.86 | (2.56) | ||||||
Distributions from net investment income | (1.64) | (.53) | (.01) | (.72) | (.50) | (.40) | ||||||
Total distributions | (1.64) | (.53) | (.01) | (.72) | (.50) | (.40) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 17.97 | $ | 21.15 | $ | 19.34 | $ | 17.34 | $ | 28.28 | $ | 21.92 |
Total Return D,E | (7.21)% | 12.57% | 11.60% | (37.07)% | 32.09% | (10.44)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.05% H | 1.02% | 1.00% | .99% | 1.01% | 1.01% | ||||||
Expenses net of fee waivers, if any | 1.04% H | 1.02% | 1.00% | .99% | 1.00% | 1.01% | ||||||
Expenses net of all reductions | 1.04% H | 1.02% | 1.00% | .97% | 1.00% | .98% | ||||||
Net investment income (loss) | 7.19% H | 8.28% | 1.04% | .54% | 3.17% | 2.45% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,354 | $ | 3,960 | $ | 2,768 | $ | 3,508 | $ | 7,124 | $ | 4,546 |
Portfolio turnover rate I | 41% H | 48% | 33% | 54% | 48% | 53% |
Fidelity Advisor® Latin America Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 21.14 | $ | 19.35 | $ | 17.32 | $ | 28.24 | $ | 21.92 | $ | 21.51 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .69 | 1.70 | .26 | .14 | .85 | (.01) | ||||||
Net realized and unrealized gain (loss) | (2.20) | .66 | 1.79 | (10.32) | 6.03 | .42 | ||||||
Total from investment operations | (1.51) | 2.36 | 2.05 | (10.18) | 6.88 | .41 | ||||||
Distributions from net investment income | (1.60) | (.57) | (.02) | (.74) | (.56) | - | ||||||
Total distributions | (1.60) | (.57) | (.02) | (.74) | (.56) | - | ||||||
Net asset value, end of period | $ | 18.03 | $ | 21.14 | $ | 19.35 | $ | 17.32 | $ | 28.24 | $ | 21.92 |
Total Return D,E | (7.10)% | 12.73% | 11.82% | (37.00)% | 32.28% | 1.91% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .87% H | .85% | .85% | .86% | .86% | .95% H | ||||||
Expenses net of fee waivers, if any | .86% H | .85% | .85% | .86% | .86% | .95% H | ||||||
Expenses net of all reductions | .86% H | .85% | .85% | .84% | .86% | .93% H | ||||||
Net investment income (loss) | 7.37% H | 8.45% | 1.19% | .67% | 3.31% | (.37)% H | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 656 | $ | 1,115 | $ | 14,338 | $ | 13,520 | $ | 26,605 | $ | 145 |
Portfolio turnover rate I | 41% H | 48% | 33% | 54% | 48% | 53% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $37,315,338 |
Gross unrealized depreciation | (59,997,829) |
Net unrealized appreciation (depreciation) | $(22,682,491) |
Tax cost | $267,878,455 |
Short-term | $(50,951,267) |
Long-term | (30,174,753) |
Total capital loss carryforward | $(81,126,020) |
Purchases ($) | Sales ($) | |
Fidelity Latin America Fund | 53,335,101 | 61,593,372 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $15,353 | $368 |
Class M | .25% | .25% | 7,062 | 100 |
Class C | .75% | .25% | 4,535 | 1,289 |
$26,950 | $1,757 |
Retained by FDC | |
Class A | $12,497 |
Class M | 111 |
Class C A | 1,491 |
$14,099 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $16,049 | .26 |
Class M | 3,680 | .26 |
Class C | 1,190 | .26 |
Latin America | 302,841 | .25 |
Class I | 4,708 | .22 |
Class Z | 224 | .04 |
$328,692 |
% of Average Net Assets | |
Fidelity Latin America Fund | .05 |
Amount | |
Fidelity Latin America Fund | $137 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Latin America Fund | 612,547 | - | - |
Amount | |
Fidelity Latin America Fund | $265 |
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 Latin America Fund | $1,404 | $ - | $- |
Expense reduction | |
Class M | $391 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Latin America Fund | ||
Distributions to shareholders | ||
Class A | $1,004,696 | $246,821 |
Class M | 219,803 | 55,713 |
Class C | 62,841 | 9,520 |
Latin America | 20,106,391 | 7,148,489 |
Class I | 319,001 | 63,267 |
Class Z | 97,630 | 441,084 |
Total | $21,810,362 | $7,964,894 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Latin America Fund | ||||
Class A | ||||
Shares sold | 70,316 | 193,440 | $1,294,203 | $4,014,725 |
Reinvestment of distributions | 54,942 | 12,985 | 985,119 | 236,085 |
Shares redeemed | (86,707) | (105,710) | (1,559,482) | (2,130,953) |
Net increase (decrease) | 38,551 | 100,715 | $719,840 | $2,119,857 |
Class M | ||||
Shares sold | 4,527 | 20,674 | $87,498 | $437,930 |
Reinvestment of distributions | 12,131 | 3,036 | 218,228 | 55,381 |
Shares redeemed | (8,082) | (20,590) | (148,768) | (412,047) |
Net increase (decrease) | 8,576 | 3,120 | $156,958 | $81,264 |
Class C | ||||
Shares sold | 15,369 | 24,221 | $285,934 | $531,782 |
Reinvestment of distributions | 3,453 | 515 | 62,841 | 9,515 |
Shares redeemed | (6,987) | (14,126) | (130,390) | (288,523) |
Net increase (decrease) | 11,835 | 10,610 | $218,385 | $252,774 |
Latin America | ||||
Shares sold | 874,836 | 2,584,874 | $16,540,077 | $53,328,636 |
Reinvestment of distributions | 1,050,900 | 354,926 | 18,779,586 | 6,428,926 |
Shares redeemed | (1,598,928) | (4,099,646) | (29,529,564) | (80,282,944) |
Net increase (decrease) | 326,808 | (1,159,846) | $5,790,099 | $(20,525,382) |
Class I | ||||
Shares sold | 83,405 | 241,168 | $1,505,378 | $5,278,172 |
Reinvestment of distributions | 17,723 | 3,427 | 316,179 | 61,999 |
Shares redeemed | (101,748) | (200,417) | (1,829,705) | (3,856,685) |
Net increase (decrease) | (620) | 44,178 | $(8,148) | $1,483,486 |
Class Z | ||||
Shares sold | 20,727 | 554,422 | $425,059 | $11,379,289 |
Reinvestment of distributions | 3,612 | 24,364 | 64,625 | 440,031 |
Shares redeemed | (40,695) | (1,267,021) | (748,002) | (25,513,356) |
Net increase (decrease) | (16,356) | (688,235) | $(258,318) | $(13,694,036) |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 21.6 | |
Investor AB (B Shares) (Sweden, Financial Services) | 4.8 | |
Nordea Bank ABP (Finland, Banks) | 4.4 | |
DSV A/S (Denmark, Air Freight & Logistics) | 4.4 | |
Atlas Copco AB (B Shares) (Sweden, Machinery) | 4.2 | |
Sandvik AB (Sweden, Machinery) | 3.9 | |
Carlsberg A/S Series B (Denmark, Beverages) | 3.3 | |
Vestas Wind Systems A/S (Denmark, Electrical Equipment) | 3.2 | |
Sampo Oyj (A Shares) (Finland, Insurance) | 3.1 | |
Elisa Corp. (A Shares) (Finland, Diversified Telecommunication Services) | 2.7 | |
55.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 28.2 | |
Health Care | 25.7 | |
Financials | 17.2 | |
Materials | 5.7 | |
Energy | 4.9 | |
Consumer Staples | 4.5 | |
Consumer Discretionary | 3.4 | |
Information Technology | 3.4 | |
Communication Services | 2.7 | |
Real Estate | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.0% | |||
Shares | Value ($) | ||
Denmark - 37.3% | |||
Carlsberg A/S Series B | 68,100 | 11,250,166 | |
Demant A/S (a) | 62,400 | 2,669,608 | |
DSV A/S | 78,100 | 14,668,645 | |
Genmab A/S (a) | 21,000 | 8,630,259 | |
Novo Nordisk A/S Series B | 436,500 | 72,613,737 | |
Tryg A/S | 194,783 | 4,592,784 | |
Vestas Wind Systems A/S | 386,300 | 10,689,151 | |
TOTAL DENMARK | 125,114,350 | ||
Finland - 13.8% | |||
Elisa Corp. (A Shares) | 148,100 | 9,190,939 | |
Neste OYJ | 135,200 | 6,546,044 | |
Nordea Bank ABP | 1,337,144 | 14,840,857 | |
Sampo Oyj (A Shares) | 201,400 | 10,199,565 | |
UPM-Kymmene Corp. | 170,000 | 5,413,635 | |
TOTAL FINLAND | 46,191,040 | ||
Norway - 7.6% | |||
Equinor ASA | 285,900 | 8,231,357 | |
Kongsberg Gruppen ASA | 86,800 | 3,891,606 | |
Mowi ASA | 215,500 | 4,106,957 | |
Norsk Hydro ASA | 913,300 | 6,721,034 | |
Selvaag Bolig ASA | 321,200 | 1,097,084 | |
TGS ASA | 100,700 | 1,576,117 | |
TOTAL NORWAY | 25,624,155 | ||
Sweden - 37.3% | |||
Alfa Laval AB (b) | 188,500 | 6,902,136 | |
ASSA ABLOY AB (B Shares) | 352,800 | 8,390,785 | |
Atlas Copco AB (B Shares) (b) | 1,094,700 | 14,015,935 | |
Autoliv, Inc. | 16,300 | 1,398,703 | |
Beijer Alma AB (B Shares) | 91,700 | 2,083,471 | |
Eltel AB (a)(c) | 1,706,358 | 1,480,889 | |
Evolution AB (c) | 65,300 | 8,694,314 | |
Fortnox AB | 775,200 | 5,330,750 | |
Haypp Group (a) | 385,600 | 1,368,676 | |
HEXPOL AB (B Shares) | 295,970 | 3,483,511 | |
Indutrade AB | 317,000 | 7,594,980 | |
Investor AB (B Shares) | 753,500 | 16,150,024 | |
Lagercrantz Group AB (B Shares) | 462,453 | 5,943,541 | |
Nibe Industrier AB (B Shares) | 293,000 | 3,271,413 | |
Nordnet AB | 286,900 | 4,498,615 | |
Saab AB (B Shares) | 89,400 | 5,017,883 | |
Sandvik AB (b) | 644,500 | 13,103,617 | |
Surgical Science Sweden AB (a) | 124,000 | 2,262,339 | |
Svenska Cellulosa AB SCA (B Shares) | 265,300 | 3,633,467 | |
Swedbank AB (A Shares) | 434,499 | 7,541,730 | |
Trelleborg AB (B Shares) (b) | 121,600 | 3,052,139 | |
TOTAL SWEDEN | 125,218,918 | ||
TOTAL COMMON STOCKS (Cost $252,781,842) | 322,148,463 | ||
Money Market Funds - 11.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) | 10,407,543 | 10,409,625 | |
Fidelity Securities Lending Cash Central Fund 4.88% (d)(e) | 26,709,829 | 26,712,500 | |
TOTAL MONEY MARKET FUNDS (Cost $37,122,125) | 37,122,125 | ||
TOTAL INVESTMENT IN SECURITIES - 107.0% (Cost $289,903,967) | 359,270,588 |
NET OTHER ASSETS (LIABILITIES) - (7.0)% | (23,629,473) |
NET ASSETS - 100.0% | 335,641,115 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $10,175,203 or 3.0% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 2,293,839 | 44,936,741 | 36,820,955 | 165,534 | - | - | 10,409,625 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 49,207,502 | 22,495,002 | 30,972 | - | - | 26,712,500 | 0.1% |
Total | 2,293,839 | 94,144,243 | 59,315,957 | 196,506 | - | - | 37,122,125 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 9,190,939 | 9,190,939 | - | - |
Consumer Discretionary | 11,461,693 | 11,461,693 | - | - |
Consumer Staples | 15,357,123 | 15,357,123 | - | - |
Energy | 16,353,518 | 8,122,161 | 8,231,357 | - |
Financials | 57,823,575 | 57,823,575 | - | - |
Health Care | 86,175,943 | 4,931,947 | 81,243,996 | - |
Industrials | 94,162,650 | 83,473,499 | 10,689,151 | - |
Information Technology | 11,274,291 | 11,274,291 | - | - |
Materials | 19,251,647 | 12,530,613 | 6,721,034 | - |
Real Estate | 1,097,084 | 1,097,084 | - | - |
Money Market Funds | 37,122,125 | 37,122,125 | - | - |
Total Investments in Securities: | 359,270,588 | 252,385,050 | 106,885,538 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $25,072,753) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $252,781,842) | $ | 322,148,463 | ||
Fidelity Central Funds (cost $37,122,125) | 37,122,125 | |||
Total Investment in Securities (cost $289,903,967) | $ | 359,270,588 | ||
Foreign currency held at value (cost $3,803) | 3,814 | |||
Receivable for investments sold | 17,145 | |||
Receivable for fund shares sold | 142,235 | |||
Dividends receivable | 641,061 | |||
Reclaims receivable | 2,816,308 | |||
Distributions receivable from Fidelity Central Funds | 57,474 | |||
Prepaid expenses | 110 | |||
Total assets | 362,948,735 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 318,295 | ||
Accrued management fee | 184,226 | |||
Other affiliated payables | 55,644 | |||
Other payables and accrued expenses | 36,955 | |||
Collateral on securities loaned | 26,712,500 | |||
Total Liabilities | 27,307,620 | |||
Net Assets | $ | 335,641,115 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 269,074,965 | ||
Total accumulated earnings (loss) | 66,566,150 | |||
Net Assets | $ | 335,641,115 | ||
Net Asset Value , offering price and redemption price per share ($335,641,115 ÷ 5,672,183 shares) | $ | 59.17 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,134,911 | ||
Foreign Tax Reclaims | 1,487,691 | |||
Income from Fidelity Central Funds (including $30,972 from security lending) | 196,506 | |||
Income before foreign taxes withheld | $ | 7,819,108 | ||
Less foreign taxes withheld | (2,275,326) | |||
Total Income | 5,543,782 | |||
Expenses | ||||
Management fee | $ | 1,019,178 | ||
Transfer agent fees | 245,301 | |||
Accounting fees | 75,045 | |||
Custodian fees and expenses | 12,047 | |||
Independent trustees' fees and expenses | 939 | |||
Registration fees | 13,494 | |||
Audit | 52,636 | |||
Legal | 224 | |||
Miscellaneous | 616 | |||
Total expenses before reductions | 1,419,480 | |||
Expense reductions | (7,029) | |||
Total expenses after reductions | 1,412,451 | |||
Net Investment income (loss) | 4,131,331 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 5,091,478 | |||
Foreign currency transactions | 474,967 | |||
Total net realized gain (loss) | 5,566,445 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 62,956,801 | |||
Assets and liabilities in foreign currencies | 162,065 | |||
Total change in net unrealized appreciation (depreciation) | 63,118,866 | |||
Net gain (loss) | 68,685,311 | |||
Net increase (decrease) in net assets resulting from operations | $ | 72,816,642 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,131,331 | $ | 4,639,612 |
Net realized gain (loss) | 5,566,445 | (8,220,001) | ||
Change in net unrealized appreciation (depreciation) | 63,118,866 | (114,229,877) | ||
Net increase (decrease) in net assets resulting from operations | 72,816,642 | (117,810,266) | ||
Distributions to shareholders | - | (53,400,933) | ||
Share transactions | ||||
Proceeds from sales of shares | 26,248,783 | 29,607,219 | ||
Reinvestment of distributions | - | 49,862,949 | ||
Cost of shares redeemed | (20,588,658) | (73,768,106) | ||
Net increase (decrease) in net assets resulting from share transactions | 5,660,125 | 5,702,062 | ||
Total increase (decrease) in net assets | 78,476,767 | (165,509,137) | ||
Net Assets | ||||
Beginning of period | 257,164,348 | 422,673,485 | ||
End of period | $ | 335,641,115 | $ | 257,164,348 |
Other Information | ||||
Shares | ||||
Sold | 478,826 | 545,297 | ||
Issued in reinvestment of distributions | - | 819,642 | ||
Redeemed | (381,862) | (1,383,136) | ||
Net increase (decrease) | 96,964 | (18,197) | ||
Fidelity® Nordic Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 46.13 | $ | 75.57 | $ | 56.51 | $ | 46.69 | $ | 49.64 | $ | 54.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .74 | .78 | 1.06 | .15 | 1.50 C | .47 | ||||||
Net realized and unrealized gain (loss) | 12.30 | (20.65) D | 20.17 | 11.86 | .15 | (3.01) | ||||||
Total from investment operations | 13.04 | (19.87) | 21.23 | 12.01 | 1.65 | (2.54) | ||||||
Distributions from net investment income | - | (3.02) | (.96) | (1.60) | (.05) | (.50) | ||||||
Distributions from net realized gain | - | (6.56) | (1.21) | (.59) | (4.55) | (1.67) | ||||||
Total distributions | - | (9.57) E | (2.17) | (2.19) | (4.60) | (2.17) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | .01 | ||||||
Net asset value, end of period | $ | 59.17 | $ | 46.13 | $ | 75.57 | $ | 56.51 | $ | 46.69 | $ | 49.64 |
Total Return F,G | 28.27% | (29.33)% D | 38.39% | 26.73% | 3.96% | (4.80)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .94% J | .93% | .92% | .96% | .98% | .98% | ||||||
Expenses net of fee waivers, if any | .94% J | .92% | .92% | .96% | .98% | .97% | ||||||
Expenses net of all reductions | .94% J | .92% | .92% | .96% | .96% | .97% | ||||||
Net investment income (loss) | 2.75% J | 1.45% | 1.51% | .31% | 3.28% C | .89% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 335,641 | $ | 257,164 | $ | 422,673 | $ | 301,424 | $ | 261,896 | $ | 290,184 |
Portfolio turnover rate K | 32% J | 42% | 34% | 29% | 34% | 56% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $79,223,869 |
Gross unrealized depreciation | (14,202,624) |
Net unrealized appreciation (depreciation) | $65,021,245 |
Tax cost | $294,249,343 |
Short-term | $(7,967,620) |
Long-term | (640,299) |
Total capital loss carryforward | $(8,607,919) |
Purchases ($) | Sales ($) | |
Fidelity Nordic Fund | 49,835,961 | 46,718,645 |
% of Average Net Assets | |
Fidelity Nordic Fund | .05 |
Amount | |
Fidelity Nordic Fund | $286 |
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 Nordic Fund | $3,613 | $- | $- |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 6.2 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.7 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.3 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.2 | |
AIA Group Ltd. (Hong Kong, Insurance) | 3.1 | |
Sea Ltd. ADR (Singapore, Entertainment) | 2.6 | |
DENSO Corp. (Japan, Automobile Components) | 2.5 | |
Sony Group Corp. (Japan, Household Durables) | 2.4 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 2.0 | |
ORIX Corp. (Japan, Financial Services) | 2.0 | |
33.0 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 22.5 | |
Consumer Discretionary | 19.5 | |
Financials | 15.5 | |
Communication Services | 10.8 | |
Health Care | 9.1 | |
Industrials | 8.3 | |
Materials | 4.4 | |
Real Estate | 2.8 | |
Energy | 2.4 | |
Consumer Staples | 1.5 | |
Utilities | 1.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 93.4% | |||
Shares | Value ($) | ||
Australia - 8.1% | |||
Aristocrat Leisure Ltd. | 196,979 | 4,982,677 | |
carsales.com Ltd. | 270,148 | 4,284,091 | |
Cogstate Ltd. (a) | 108,403 | 114,607 | |
Flight Centre Travel Group Ltd. (a) | 385,663 | 5,064,426 | |
HUB24 Ltd. | 247,352 | 4,677,026 | |
Macquarie Group Ltd. | 91,015 | 11,103,086 | |
National Australia Bank Ltd. | 439,197 | 8,455,052 | |
National Storage REIT unit | 3,358,160 | 5,593,287 | |
Newcrest Mining Ltd. | 332,402 | 6,347,173 | |
Santos Ltd. | 1,050,151 | 4,974,667 | |
Technology One Ltd. | 603,550 | 6,084,884 | |
TOTAL AUSTRALIA | 61,680,976 | ||
China - 19.4% | |||
Alibaba Group Holding Ltd. (a) | 2,298,300 | 24,301,366 | |
Antengene Corp. (a)(b) | 4,506,711 | 1,556,508 | |
Centre Testing International Group Co. Ltd. (A Shares) | 1,916,909 | 5,348,344 | |
Chervon Holdings Ltd. | 1,681,500 | 8,556,940 | |
KE Holdings, Inc. ADR (a) | 310,700 | 4,874,883 | |
Kweichow Moutai Co. Ltd. (A Shares) | 33,200 | 8,471,130 | |
Li Ning Co. Ltd. | 697,500 | 4,988,254 | |
Meituan Class B (a)(b) | 361,390 | 6,176,320 | |
PDD Holdings, Inc. ADR (a) | 70,200 | 4,784,130 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 130,399 | 5,895,302 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 708,400 | 2,600,086 | |
Shenzhou International Group Holdings Ltd. | 632,400 | 6,074,307 | |
Tencent Holdings Ltd. | 738,900 | 32,819,068 | |
Trip.com Group Ltd. ADR (a) | 178,900 | 6,352,739 | |
Vnet Group, Inc. ADR (a) | 1,650,367 | 4,852,079 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 1,454,000 | 8,669,968 | |
Zai Lab Ltd. (a) | 2,452,600 | 8,586,800 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 1,086,600 | 3,676,668 | |
TOTAL CHINA | 148,584,892 | ||
Hong Kong - 4.6% | |||
AIA Group Ltd. | 2,210,400 | 24,064,792 | |
China High Precision Automation Group Ltd. (a)(c) | 1,875,000 | 2 | |
China Metal Recycling (Holdings) Ltd. (a)(c) | 2,572,200 | 3 | |
Hypebeast Ltd. (a) | 13,059,314 | 491,039 | |
Oriental Watch Holdings Ltd. | 2,381,424 | 1,364,156 | |
Prudential PLC | 618,900 | 9,469,814 | |
TOTAL HONG KONG | 35,389,806 | ||
India - 2.1% | |||
Housing Development Finance Corp. Ltd. | 199,784 | 6,814,194 | |
One97 Communications Ltd. (a) | 506,600 | 4,066,498 | |
Zomato Ltd. (a) | 6,722,000 | 5,380,934 | |
TOTAL INDIA | 16,261,626 | ||
Japan - 39.5% | |||
Advantest Corp. | 48,600 | 3,787,491 | |
Astellas Pharma, Inc. | 415,800 | 6,263,846 | |
Daiichikosho Co. Ltd. | 269,600 | 4,833,447 | |
DENSO Corp. | 317,200 | 19,147,337 | |
Digital Hearts Holdings Co. Ltd. | 192,200 | 2,082,332 | |
Fast Retailing Co. Ltd. | 30,300 | 7,175,090 | |
FUJIFILM Holdings Corp. | 85,600 | 4,461,470 | |
Fujitsu Ltd. | 39,200 | 5,224,471 | |
Funai Soken Holdings, Inc. | 257,200 | 4,930,416 | |
Hitachi Ltd. | 274,700 | 15,194,931 | |
Hoya Corp. | 135,100 | 14,165,916 | |
Idemitsu Kosan Co. Ltd. | 127,200 | 2,708,475 | |
INPEX Corp. | 942,200 | 10,310,545 | |
Iriso Electronics Co. Ltd. | 128,900 | 4,412,199 | |
JSR Corp. | 228,500 | 5,301,988 | |
JTOWER, Inc. (a) | 126,200 | 5,442,561 | |
Kakaku.com, Inc. | 161,600 | 2,223,410 | |
Kansai Electric Power Co., Inc. | 984,600 | 10,628,477 | |
Kansai Paint Co. Ltd. | 290,900 | 4,101,103 | |
Lifenet Insurance Co. (a) | 370,100 | 3,225,611 | |
Minebea Mitsumi, Inc. | 401,500 | 7,435,234 | |
Misumi Group, Inc. | 262,100 | 6,612,051 | |
Mitsubishi Heavy Industries Ltd. | 101,300 | 3,841,321 | |
Money Forward, Inc. (a) | 122,200 | 5,088,939 | |
Net One Systems Co. Ltd. | 179,800 | 4,239,391 | |
Nintendo Co. Ltd. | 92,600 | 3,914,886 | |
Nomura Research Institute Ltd. | 296,700 | 7,464,838 | |
NSD Co. Ltd. | 228,200 | 4,198,055 | |
Olympus Corp. | 306,100 | 5,358,714 | |
Open House Group Co. Ltd. | 177,300 | 7,087,169 | |
ORIX Corp. | 917,700 | 15,612,393 | |
Outsourcing, Inc. | 357,900 | 3,645,775 | |
Pan Pacific International Holdings Ltd. | 299,500 | 5,596,736 | |
Renesas Electronics Corp. (a) | 975,200 | 12,709,244 | |
Shin-Etsu Chemical Co. Ltd. | 549,000 | 15,666,166 | |
SMS Co., Ltd. | 272,600 | 6,406,128 | |
Sony Group Corp. | 204,100 | 18,465,692 | |
TechnoPro Holdings, Inc. | 167,100 | 4,559,105 | |
Tokio Marine Holdings, Inc. | 491,300 | 9,878,586 | |
Tsuruha Holdings, Inc. | 51,300 | 3,359,931 | |
Z Holdings Corp. | 3,041,400 | 8,331,129 | |
ZOZO, Inc. | 376,300 | 7,918,991 | |
TOTAL JAPAN | 303,011,590 | ||
Korea (South) - 1.0% | |||
Db Insurance Co. Ltd. | 76,960 | 4,839,744 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 105,363 | 2,961,233 | |
TOTAL KOREA (SOUTH) | 7,800,977 | ||
Malaysia - 0.5% | |||
MR DIY Group M Sdn Bhd (b) | 10,785,800 | 3,829,631 | |
New Zealand - 0.6% | |||
Ryman Healthcare Ltd. | 1,276,611 | 4,193,747 | |
Philippines - 1.5% | |||
Ayala Land, Inc. | 12,153,200 | 5,863,599 | |
Robinsons Land Corp. | 22,673,400 | 5,905,433 | |
TOTAL PHILIPPINES | 11,769,032 | ||
Singapore - 4.9% | |||
Genting Singapore Ltd. | 2,928,200 | 2,491,096 | |
Sea Ltd. ADR (a) | 261,700 | 19,933,689 | |
United Overseas Bank Ltd. | 718,300 | 15,255,226 | |
TOTAL SINGAPORE | 37,680,011 | ||
Taiwan - 8.7% | |||
eMemory Technology, Inc. | 134,000 | 8,006,500 | |
MediaTek, Inc. | 492,000 | 10,690,496 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,914,000 | 47,685,127 | |
TOTAL TAIWAN | 66,382,123 | ||
United States of America - 2.5% | |||
GI Dynamics, Inc. (a)(c) | 111,225 | 1 | |
Legend Biotech Corp. ADR (a) | 79,500 | 5,462,445 | |
Parade Technologies Ltd. | 128,000 | 3,917,585 | |
ResMed, Inc. CDI | 362,469 | 8,142,613 | |
Space Exploration Technologies Corp. Class A (a)(c)(d) | 22,539 | 1,735,503 | |
TOTAL UNITED STATES OF AMERICA | 19,258,147 | ||
TOTAL COMMON STOCKS (Cost $618,301,935) | 715,842,558 | ||
Preferred Stocks - 4.8% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.1% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(c)(d) | 87,773 | 778,547 | |
Nonconvertible Preferred Stocks - 4.7% | |||
Korea (South) - 4.7% | |||
Samsung Electronics Co. Ltd. | 867,100 | 36,263,376 | |
TOTAL PREFERRED STOCKS (Cost $44,455,737) | 37,041,923 | ||
Money Market Funds - 1.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) (Cost $12,710,454) | 12,707,912 | 12,710,454 | |
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $675,468,126) | 765,594,935 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 636,130 |
NET ASSETS - 100.0% | 766,231,065 |
(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 $20,232,427 or 2.6% 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 $2,514,050 or 0.3% of net assets. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 1,246,653 |
Space Exploration Technologies Corp. Class A | 2/16/21 - 5/24/22 | 1,437,725 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 15,775,672 | 141,158,414 | 144,223,632 | 256,581 | - | - | 12,710,454 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 9,708,475 | 115,535,210 | 125,243,685 | 24,009 | - | - | - | 0.0% |
Total | 25,484,147 | 256,693,624 | 269,467,317 | 280,590 | - | - | 12,710,454 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 82,273,320 | 19,933,689 | 62,339,631 | - |
Consumer Discretionary | 149,737,991 | 11,136,869 | 138,601,122 | - |
Consumer Staples | 11,831,061 | - | 11,831,061 | - |
Energy | 17,993,687 | - | 17,993,687 | - |
Financials | 120,423,255 | - | 120,423,255 | - |
Health Care | 69,189,014 | 5,462,445 | 62,948,021 | 778,548 |
Industrials | 63,385,476 | - | 61,649,973 | 1,735,503 |
Information Technology | 171,168,479 | 4,852,079 | 166,316,398 | 2 |
Materials | 34,016,519 | - | 34,016,516 | 3 |
Real Estate | 22,237,202 | 4,874,883 | 17,362,319 | - |
Utilities | 10,628,477 | - | 10,628,477 | - |
Money Market Funds | 12,710,454 | 12,710,454 | - | - |
Total Investments in Securities: | 765,594,935 | 58,970,419 | 704,110,460 | 2,514,056 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $662,757,672) | $ | 752,884,481 | ||
Fidelity Central Funds (cost $12,710,454) | 12,710,454 | |||
Total Investment in Securities (cost $675,468,126) | $ | 765,594,935 | ||
Foreign currency held at value (cost $18) | 18 | |||
Receivable for investments sold | 2,745,575 | |||
Receivable for fund shares sold | 149,512 | |||
Dividends receivable | 3,094,831 | |||
Distributions receivable from Fidelity Central Funds | 39,819 | |||
Prepaid expenses | 303 | |||
Other receivables | 24,116 | |||
Total assets | 771,649,109 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,820,773 | ||
Payable for fund shares redeemed | 295,887 | |||
Accrued management fee | 606,393 | |||
Other affiliated payables | 127,019 | |||
Deferred taxes | 518,459 | |||
Other payables and accrued expenses | 49,513 | |||
Total Liabilities | 5,418,044 | |||
Net Assets | $ | 766,231,065 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 655,357,065 | ||
Total accumulated earnings (loss) | 110,874,000 | |||
Net Assets | $ | 766,231,065 | ||
Net Asset Value , offering price and redemption price per share ($766,231,065 ÷ 25,904,712 shares) | $ | 29.58 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,548,049 | ||
Non-Cash dividends | 1,785,153 | |||
Income from Fidelity Central Funds (including $24,009 from security lending) | 280,590 | |||
Income before foreign taxes withheld | $ | 8,613,792 | ||
Less foreign taxes withheld | (653,258) | |||
Total Income | 7,960,534 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,561,364 | ||
Performance adjustment | 998,228 | |||
Transfer agent fees | 573,541 | |||
Accounting fees | 175,338 | |||
Custodian fees and expenses | 32,164 | |||
Independent trustees' fees and expenses | 2,468 | |||
Registration fees | 22,361 | |||
Audit | 47,232 | |||
Legal | 571 | |||
Interest | 4,457 | |||
Miscellaneous | 1,643 | |||
Total expenses before reductions | 4,419,367 | |||
Expense reductions | (17,343) | |||
Total expenses after reductions | 4,402,024 | |||
Net Investment income (loss) | 3,558,510 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $654,598) | 41,252,053 | |||
Foreign currency transactions | (104,268) | |||
Total net realized gain (loss) | 41,147,785 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $291,599) | 106,260,649 | |||
Assets and liabilities in foreign currencies | (14,373) | |||
Total change in net unrealized appreciation (depreciation) | 106,246,276 | |||
Net gain (loss) | 147,394,061 | |||
Net increase (decrease) in net assets resulting from operations | $ | 150,952,571 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,558,510 | $ | 5,715,472 |
Net realized gain (loss) | 41,147,785 | 71,701,080 | ||
Change in net unrealized appreciation (depreciation) | 106,246,276 | (457,726,586) | ||
Net increase (decrease) in net assets resulting from operations | 150,952,571 | (380,310,034) | ||
Distributions to shareholders | (59,141,027) | (153,392,663) | ||
Share transactions | ||||
Proceeds from sales of shares | 57,677,730 | 97,680,092 | ||
Reinvestment of distributions | 44,008,733 | 112,623,785 | ||
Cost of shares redeemed | (84,824,646) | (233,769,363) | ||
Net increase (decrease) in net assets resulting from share transactions | 16,861,817 | (23,465,486) | ||
Total increase (decrease) in net assets | 108,673,361 | (557,168,183) | ||
Net Assets | ||||
Beginning of period | 657,557,704 | 1,214,725,887 | ||
End of period | $ | 766,231,065 | $ | 657,557,704 |
Other Information | ||||
Shares | ||||
Sold | 1,954,025 | 2,944,154 | ||
Issued in reinvestment of distributions | 1,565,033 | 2,912,433 | ||
Redeemed | (2,911,829) | (6,908,065) | ||
Net increase (decrease) | 607,229 | (1,051,478) | ||
Fidelity® Pacific Basin Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.99 | $ | 46.10 | $ | 40.16 | $ | 32.65 | $ | 29.51 | $ | 35.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 C | .22 | .15 | .16 | .26 | .22 | ||||||
Net realized and unrealized gain (loss) | 5.85 | (14.49) | 7.74 | 7.61 | 5.74 | (4.69) | ||||||
Total from investment operations | 5.99 | (14.27) | 7.89 | 7.77 | 6.00 | (4.47) | ||||||
Distributions from net investment income | - | (1.17) D | (.10) | (.26) | (.20) | (.23) | ||||||
Distributions from net realized gain | (2.40) | (4.67) D | (1.85) | - | (2.67) | (1.32) | ||||||
Total distributions | (2.40) | (5.84) | (1.95) | (.26) | (2.86) E | (1.55) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - F | ||||||
Net asset value, end of period | $ | 29.58 | $ | 25.99 | $ | 46.10 | $ | 40.16 | $ | 32.65 | $ | 29.51 |
Total Return G,H | 23.53% | (35.11)% | 20.08% | 23.95% | 22.37% | (13.24)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.17% K | 1.12% | 1.04% | 1.11% | .97% | 1.07% | ||||||
Expenses net of fee waivers, if any | 1.16% K | 1.12% | 1.04% | 1.11% | .97% | 1.07% | ||||||
Expenses net of all reductions | 1.16% K | 1.12% | 1.04% | 1.10% | .97% | 1.06% | ||||||
Net investment income (loss) | .70% C,K | .64% | .32% | .47% | .88% | .62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 766,231 | $ | 657,558 | $ | 1,214,726 | $ | 1,084,673 | $ | 891,154 | $ | 807,632 |
Portfolio turnover rate L | 57% K | 29% | 40% | 27% | 32% | 37% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $152,133,575 |
Gross unrealized depreciation | (70,250,743) |
Net unrealized appreciation (depreciation) | $81,882,832 |
Tax cost | $683,712,103 |
Purchases ($) | Sales ($) | |
Fidelity Pacific Basin Fund | 209,381,372 | 245,210,157 |
% of Average Net Assets | |
Fidelity Pacific Basin Fund | .05 |
Amount | |
Fidelity Pacific Basin Fund | $2,252 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Pacific Basin Fund | Borrower | $13,156,000 | 4.07% | $4,457 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Pacific Basin Fund | - | 793,335 | (16,516) |
Amount | |
Fidelity Pacific Basin Fund | $734 |
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 Pacific Basin Fund | $2,532 | $- | $- |
Strategic Advisers Fidelity International Fund | |
Fidelity Pacific Basin Fund | 18% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Canada Fund | ||||||||||
Class A | 1.32% | |||||||||
Actual | $ 1,000 | $ 1,083.80 | $ 6.82 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.25 | $ 6.61 | |||||||
Class M | 1.59% | |||||||||
Actual | $ 1,000 | $ 1,082.40 | $ 8.21 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.91 | $ 7.95 | |||||||
Class C | 2.09% | |||||||||
Actual | $ 1,000 | $ 1,079.80 | $ 10.78 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.43 | $ 10.44 | |||||||
Fidelity® Canada Fund | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,085.50 | $ 5.22 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.79 | $ 5.06 | |||||||
Class I | .99% | |||||||||
Actual | $ 1,000 | $ 1,085.50 | $ 5.12 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.89 | $ 4.96 | |||||||
Class Z | .87% | |||||||||
Actual | $ 1,000 | $ 1,086.30 | $ 4.50 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.48 | $ 4.36 | |||||||
Fidelity® China Region Fund | ||||||||||
Class A | 1.24% | |||||||||
Actual | $ 1,000 | $ 1,335.80 | $ 7.18 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.65 | $ 6.21 | |||||||
Class M | 1.52% | |||||||||
Actual | $ 1,000 | $ 1,333.80 | $ 8.80 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.26 | $ 7.60 | |||||||
Class C | 1.96% | |||||||||
Actual | $ 1,000 | $ 1,330.60 | $ 11.33 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.08 | $ 9.79 | |||||||
Fidelity® China Region Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,337.30 | $ 5.45 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.13 | $ 4.71 | |||||||
Class I | .93% | |||||||||
Actual | $ 1,000 | $ 1,337.90 | $ 5.39 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.18 | $ 4.66 | |||||||
Class Z | .80% | |||||||||
Actual | $ 1,000 | $ 1,338.60 | $ 4.64 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.83 | $ 4.01 | |||||||
Fidelity® Emerging Asia Fund | 1.10% | |||||||||
Actual | $ 1,000 | $ 1,203.80 | $ 6.01 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.34 | $ 5.51 | |||||||
Fidelity® Emerging Markets Fund | ||||||||||
Class A | 1.20% | |||||||||
Actual | $ 1,000 | $ 1,211.60 | $ 6.58 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.84 | $ 6.01 | |||||||
Class M | 1.48% | |||||||||
Actual | $ 1,000 | $ 1,210.00 | $ 8.11 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.46 | $ 7.40 | |||||||
Class C | 1.98% | |||||||||
Actual | $ 1,000 | $ 1,207.00 | $ 10.83 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.98 | $ 9.89 | |||||||
Fidelity® Emerging Markets Fund | .90% | |||||||||
Actual | $ 1,000 | $ 1,213.50 | $ 4.94 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.33 | $ 4.51 | |||||||
Class K | .77% | |||||||||
Actual | $ 1,000 | $ 1,214.30 | $ 4.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.98 | $ 3.86 | |||||||
Class I | .89% | |||||||||
Actual | $ 1,000 | $ 1,213.30 | $ 4.88 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.38 | $ 4.46 | |||||||
Class Z | .77% | |||||||||
Actual | $ 1,000 | $ 1,213.90 | $ 4.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.98 | $ 3.86 | |||||||
Fidelity® Europe Fund | ||||||||||
Class A | 1.06% | |||||||||
Actual | $ 1,000 | $ 1,245.50 | $ 5.90 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.54 | $ 5.31 | |||||||
Class M | 1.33% | |||||||||
Actual | $ 1,000 | $ 1,243.80 | $ 7.40 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.20 | $ 6.66 | |||||||
Class C | 1.83% | |||||||||
Actual | $ 1,000 | $ 1,240.50 | $ 10.17 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.72 | $ 9.15 | |||||||
Fidelity® Europe Fund | .74% | |||||||||
Actual | $ 1,000 | $ 1,247.00 | $ 4.12 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.12 | $ 3.71 | |||||||
Class I | .72% | |||||||||
Actual | $ 1,000 | $ 1,247.50 | $ 4.01 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.22 | $ 3.61 | |||||||
Class Z | .61% | |||||||||
Actual | $ 1,000 | $ 1,248.20 | $ 3.40 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.77 | $ 3.06 | |||||||
Fidelity® Japan Fund | ||||||||||
Class A | 1.36% | |||||||||
Actual | $ 1,000 | $ 1,153.80 | $ 7.26 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.05 | $ 6.81 | |||||||
Class M | 1.65% | |||||||||
Actual | $ 1,000 | $ 1,151.60 | $ 8.80 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.61 | $ 8.25 | |||||||
Class C | 2.07% | |||||||||
Actual | $ 1,000 | $ 1,149.20 | $ 11.03 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.53 | $ 10.34 | |||||||
Fidelity® Japan Fund | 1.09% | |||||||||
Actual | $ 1,000 | $ 1,155.10 | $ 5.82 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.39 | $ 5.46 | |||||||
Class I | 1.07% | |||||||||
Actual | $ 1,000 | $ 1,155.40 | $ 5.72 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.49 | $ 5.36 | |||||||
Class Z | .93% | |||||||||
Actual | $ 1,000 | $ 1,156.30 | $ 4.97 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.18 | $ 4.66 | |||||||
Fidelity® Japan Smaller Companies Fund | .91% | |||||||||
Actual | $ 1,000 | $ 1,149.00 | $ 4.85 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.28 | $ 4.56 | |||||||
Fidelity® Latin America Fund | ||||||||||
Class A | 1.33% | |||||||||
Actual | $ 1,000 | $ 927.00 | $ 6.35 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.20 | $ 6.66 | |||||||
Class M | 1.58% | |||||||||
Actual | $ 1,000 | $ 925.70 | $ 7.54 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.96 | $ 7.90 | |||||||
Class C | 2.08% | |||||||||
Actual | $ 1,000 | $ 923.40 | $ 9.92 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.48 | $ 10.39 | |||||||
Fidelity® Latin America Fund | 1.07% | |||||||||
Actual | $ 1,000 | $ 927.90 | $ 5.11 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.49 | $ 5.36 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 927.90 | $ 4.97 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.64 | $ 5.21 | |||||||
Class Z | .86% | |||||||||
Actual | $ 1,000 | $ 929.00 | $ 4.11 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.53 | $ 4.31 | |||||||
Fidelity® Nordic Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,282.70 | $ 5.32 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.13 | $ 4.71 | |||||||
Fidelity® Pacific Basin Fund | 1.16% | |||||||||
Actual | $ 1,000 | $ 1,235.30 | $ 6.43 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.04 | $ 5.81 | |||||||
- 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) | ||
AddTech AB (B Shares) (Sweden, Trading Companies & Distributors) | 4.3 | |
Spectris PLC (United Kingdom, Electronic Equipment, Instruments & Components) | 4.1 | |
Lagercrantz Group AB (B Shares) (Sweden, Electronic Equipment, Instruments & Components) | 4.2 | |
Interpump Group SpA (Italy, Machinery) | 3.3 | |
Aalberts Industries NV (Netherlands, Machinery) | 3.2 | |
Azbil Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.1 | |
CTS Eventim AG (Germany, Entertainment) | 2.8 | |
SHO-BOND Holdings Co. Ltd. (Japan, Construction & Engineering) | 2.0 | |
OBIC Co. Ltd. (Japan, IT Services) | 1.8 | |
Spirax-Sarco Engineering PLC (United Kingdom, Machinery) | 1.8 | |
30.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 33.5 | |
Information Technology | 20.3 | |
Health Care | 10.0 | |
Consumer Discretionary | 8.5 | |
Communication Services | 7.3 | |
Consumer Staples | 5.4 | |
Financials | 4.4 | |
Materials | 3.3 | |
Real Estate | 1.9 | |
Energy | 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 - 96.2% | |||
Shares | Value ($) | ||
Australia - 1.1% | |||
Imdex Ltd. | 3,947,753 | 5,455,151 | |
Steadfast Group Ltd. | 1,655,000 | 6,524,686 | |
TOTAL AUSTRALIA | 11,979,837 | ||
Belgium - 1.7% | |||
Azelis Group NV | 305,600 | 7,239,924 | |
KBC Ancora | 246,989 | 11,882,382 | |
TOTAL BELGIUM | 19,122,306 | ||
Canada - 3.0% | |||
CAE, Inc. (a) | 411,600 | 9,262,785 | |
McCoy Global, Inc. (a) | 630,215 | 716,338 | |
Osisko Gold Royalties Ltd. | 335,000 | 5,444,662 | |
Pason Systems, Inc. | 492,300 | 4,287,663 | |
Richelieu Hardware Ltd. (b) | 441,363 | 13,271,675 | |
TOTAL CANADA | 32,983,123 | ||
China - 0.5% | |||
Chlitina Holding Ltd. | 829,500 | 5,916,476 | |
Denmark - 0.5% | |||
Spar Nord Bank A/S | 358,229 | 5,809,405 | |
Egypt - 0.3% | |||
Integrated Diagnostics Holdings PLC (c) | 5,996,716 | 2,704,519 | |
Finland - 0.5% | |||
Musti Group OYJ | 289,502 | 5,994,052 | |
France - 3.6% | |||
Laurent-Perrier Group SA | 42,632 | 5,778,073 | |
Lectra | 426,010 | 13,847,902 | |
LISI (b) | 323,264 | 9,154,458 | |
Vetoquinol SA | 112,417 | 11,012,247 | |
TOTAL FRANCE | 39,792,680 | ||
Germany - 6.4% | |||
CTS Eventim AG | 466,054 | 30,607,276 | |
Nexus AG | 291,358 | 16,694,464 | |
Rheinmetall AG | 32,000 | 9,361,742 | |
Scout24 AG (c) | 127,200 | 7,919,135 | |
Stabilus Se | 93,636 | 6,108,108 | |
TOTAL GERMANY | 70,690,725 | ||
India - 1.0% | |||
Embassy Office Parks (REIT) | 1,491,217 | 6,018,108 | |
Indian Energy Exchange Ltd. (a)(c) | 2,648,585 | 5,093,156 | |
TOTAL INDIA | 11,111,264 | ||
Ireland - 1.6% | |||
AerCap Holdings NV (a) | 153,000 | 8,623,080 | |
Cairn Homes PLC | 4,369,500 | 4,975,180 | |
Irish Residential Properties REIT PLC | 3,425,000 | 3,894,776 | |
TOTAL IRELAND | 17,493,036 | ||
Israel - 1.2% | |||
Ituran Location & Control Ltd. (b) | 355,577 | 7,396,002 | |
Maytronics Ltd. | 248,385 | 2,594,480 | |
Tel Aviv Stock Exchange Ltd. | 724,996 | 3,337,976 | |
TOTAL ISRAEL | 13,328,458 | ||
Italy - 3.3% | |||
Interpump Group SpA | 646,943 | 35,985,500 | |
Japan - 31.1% | |||
Ai Holdings Corp. | 157,100 | 2,750,339 | |
Aoki Super Co. Ltd. | 175,000 | 3,103,556 | |
Artnature, Inc. | 483,700 | 2,782,199 | |
Aucnet, Inc. (b) | 306,977 | 3,590,726 | |
Azbil Corp. | 1,215,592 | 33,996,176 | |
Broadleaf Co. Ltd. | 2,509,998 | 7,918,173 | |
Central Automotive Products Ltd. | 151,500 | 3,221,034 | |
Curves Holdings Co. Ltd. | 2,020,026 | 11,777,046 | |
Daiichikosho Co. Ltd. | 737,600 | 13,223,853 | |
Daikokutenbussan Co. Ltd. | 67,500 | 2,702,405 | |
Digital Hearts Holdings Co. Ltd. | 556,514 | 6,029,381 | |
Fujitec Co. Ltd. | 203,000 | 5,407,765 | |
Funai Soken Holdings, Inc. | 290,650 | 5,571,638 | |
Goldcrest Co. Ltd. | 595,530 | 7,982,912 | |
Iwatsuka Confectionary Co. Ltd. | 18,900 | 670,244 | |
Kobayashi Pharmaceutical Co. Ltd. | 160,550 | 10,018,645 | |
Koshidaka Holdings Co. Ltd. | 1,487,400 | 12,592,267 | |
Kusuri No Aoki Holdings Co. Ltd. | 93,500 | 4,486,502 | |
Lasertec Corp. | 71,144 | 9,678,859 | |
Medikit Co. Ltd. | 294,400 | 5,109,399 | |
Miroku Jyoho Service Co., Ltd. (b) | 238,400 | 2,977,852 | |
Misumi Group, Inc. | 650,568 | 16,412,014 | |
Mitsuboshi Belting Ltd. | 109,780 | 3,145,165 | |
Nagaileben Co. Ltd. | 671,327 | 10,442,939 | |
Nihon Parkerizing Co. Ltd. | 1,672,000 | 13,087,024 | |
NS Tool Co. Ltd. | 594,500 | 4,956,237 | |
NSD Co. Ltd. | 432,049 | 7,948,139 | |
OBIC Co. Ltd. | 130,600 | 20,122,223 | |
OSG Corp. | 809,800 | 11,375,833 | |
Paramount Bed Holdings Co. Ltd. | 217,220 | 3,851,918 | |
ProNexus, Inc. | 497,100 | 3,651,617 | |
San-Ai Obbli Co. Ltd. | 574,300 | 6,050,845 | |
SHO-BOND Holdings Co. Ltd. | 502,100 | 21,457,721 | |
Shoei Co. Ltd. | 642,604 | 11,921,007 | |
SK Kaken Co. Ltd. | 36,900 | 11,733,304 | |
Software Service, Inc. | 67,600 | 4,332,101 | |
Techno Medica Co. Ltd. | 80,791 | 1,065,636 | |
The Monogatari Corp. | 282,600 | 5,940,172 | |
TIS, Inc. | 296,800 | 8,150,046 | |
Tocalo Co. Ltd. | 558,336 | 5,243,449 | |
USS Co. Ltd. | 677,100 | 11,377,983 | |
YAKUODO Holdings Co. Ltd. | 235,900 | 4,312,070 | |
TOTAL JAPAN | 342,168,414 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 3,355,217 | 407,067 | |
Korea (South) - 0.6% | |||
BGF Retail Co. Ltd. | 44,596 | 6,224,208 | |
Netherlands - 5.6% | |||
Aalberts Industries NV | 762,480 | 35,102,583 | |
BE Semiconductor Industries NV (b) | 106,000 | 9,500,626 | |
IMCD NV | 114,517 | 17,186,572 | |
TOTAL NETHERLANDS | 61,789,781 | ||
Norway - 2.3% | |||
Kongsberg Gruppen ASA | 429,181 | 19,241,974 | |
Medistim ASA | 175,242 | 4,324,710 | |
Volue A/S (a) | 963,944 | 1,628,123 | |
TOTAL NORWAY | 25,194,807 | ||
South Africa - 0.5% | |||
Clicks Group Ltd. | 336,429 | 4,916,820 | |
Spain - 0.3% | |||
Fluidra SA | 190,001 | 3,251,393 | |
Sweden - 12.8% | |||
Addlife AB | 676,924 | 8,000,272 | |
AddTech AB (B Shares) | 2,389,665 | 47,769,763 | |
Autoliv, Inc. (b) | 161,800 | 13,884,058 | |
Bergman & Beving AB (B Shares) | 224,870 | 3,157,594 | |
Hemnet Group AB | 570,600 | 9,347,668 | |
INVISIO AB | 360,859 | 7,407,162 | |
John Mattson Fastighetsforetag (a) | 427,564 | 2,951,866 | |
Lagercrantz Group AB (B Shares) | 3,556,312 | 45,706,449 | |
Teqnion AB | 122,243 | 2,128,961 | |
TOTAL SWEDEN | 140,353,793 | ||
Switzerland - 1.5% | |||
Tecan Group AG | 37,821 | 16,408,775 | |
Taiwan - 0.5% | |||
Addcn Technology Co. Ltd. | 855,032 | 5,652,604 | |
United Kingdom - 12.2% | |||
Bodycote PLC | 1,851,267 | 16,065,034 | |
Clarkson PLC | 219,953 | 8,569,204 | |
Dechra Pharmaceuticals PLC | 206,495 | 9,679,820 | |
DP Poland PLC (a) | 15,541,591 | 1,845,764 | |
Howden Joinery Group PLC | 1,461,900 | 12,577,764 | |
InterContinental Hotel Group PLC ADR | 76,000 | 5,265,280 | |
Rightmove PLC | 1,999,170 | 14,426,528 | |
Spectris PLC | 968,878 | 45,770,991 | |
Spirax-Sarco Engineering PLC | 143,991 | 20,068,541 | |
TOTAL UNITED KINGDOM | 134,268,926 | ||
United States of America - 4.1% | |||
Morningstar, Inc. | 85,400 | 15,227,674 | |
NOV, Inc. | 390,000 | 6,532,500 | |
PriceSmart, Inc. | 114,460 | 8,433,413 | |
ResMed, Inc. | 63,495 | 15,299,755 | |
TOTAL UNITED STATES OF AMERICA | 45,493,342 | ||
TOTAL COMMON STOCKS (Cost $766,166,106) | 1,059,041,311 | ||
Money Market Funds - 6.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) | 35,897,788 | 35,904,968 | |
Fidelity Securities Lending Cash Central Fund 4.88% (d)(e) | 31,849,238 | 31,852,423 | |
TOTAL MONEY MARKET FUNDS (Cost $67,757,391) | 67,757,391 | ||
TOTAL INVESTMENT IN SECURITIES - 102.4% (Cost $833,923,497) | 1,126,798,702 |
NET OTHER ASSETS (LIABILITIES) - (2.4)% | (26,308,662) |
NET ASSETS - 100.0% | 1,100,490,040 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $15,716,810 or 1.4% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 26,881,448 | 108,978,443 | 99,954,923 | 392,059 | - | - | 35,904,968 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 13,986,458 | 85,469,217 | 67,603,251 | 20,667 | - | (1) | 31,852,423 | 0.1% |
Total | 40,867,906 | 194,447,660 | 167,558,174 | 412,726 | - | (1) | 67,757,391 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 81,584,131 | 62,707,674 | 18,876,457 | - |
Consumer Discretionary | 94,979,049 | 34,558,814 | 60,420,235 | - |
Consumer Staples | 59,344,611 | 19,128,306 | 40,216,305 | - |
Energy | 17,587,346 | 11,536,501 | 6,050,845 | - |
Financials | 47,875,279 | 36,257,437 | 11,617,842 | - |
Health Care | 108,926,555 | 84,124,562 | 24,801,993 | - |
Industrials | 368,755,256 | 291,533,817 | 77,221,439 | - |
Information Technology | 223,421,281 | 123,850,093 | 99,571,188 | - |
Materials | 35,720,141 | 5,444,662 | 30,275,479 | - |
Real Estate | 20,847,662 | 6,846,642 | 14,001,020 | - |
Money Market Funds | 67,757,391 | 67,757,391 | - | - |
Total Investments in Securities: | 1,126,798,702 | 743,745,899 | 383,052,803 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $30,820,504) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $766,166,106) | $ | 1,059,041,311 | ||
Fidelity Central Funds (cost $67,757,391) | 67,757,391 | |||
Total Investment in Securities (cost $833,923,497) | $ | 1,126,798,702 | ||
Foreign currency held at value (cost $175,473) | 175,278 | |||
Receivable for investments sold | 1,435,481 | |||
Receivable for fund shares sold | 466,951 | |||
Dividends receivable | 4,350,552 | |||
Reclaims receivable | 1,662,643 | |||
Distributions receivable from Fidelity Central Funds | 120,282 | |||
Prepaid expenses | 441 | |||
Other receivables | 4,201 | |||
Total assets | 1,135,014,531 | |||
Liabilities | ||||
Payable for investments purchased | $ | 643,173 | ||
Payable for fund shares redeemed | 678,331 | |||
Accrued management fee | 658,087 | |||
Distribution and service plan fees payable | 13,747 | |||
Other affiliated payables | 160,764 | |||
Other payables and accrued expenses | 514,356 | |||
Collateral on securities loaned | 31,856,033 | |||
Total Liabilities | 34,524,491 | |||
Net Assets | $ | 1,100,490,040 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 791,077,448 | ||
Total accumulated earnings (loss) | 309,412,592 | |||
Net Assets | $ | 1,100,490,040 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($29,631,524 ÷ 1,563,189 shares) (a) | $ | 18.96 | ||
Maximum offering price per share (100/94.25 of $18.96) | $ | 20.12 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($11,559,734 ÷ 620,692 shares) (a) | $ | 18.62 | ||
Maximum offering price per share (100/96.50 of $18.62) | $ | 19.30 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,396,539 ÷ 191,157 shares) (a) | $ | 17.77 | ||
International Small Cap Opportunities : | ||||
Net Asset Value , offering price and redemption price per share ($744,684,302 ÷ 38,499,324 shares) | $ | 19.34 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($66,102,306 ÷ 3,422,227 shares) | $ | 19.32 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($245,115,635 ÷ 12,711,963 shares) | $ | 19.28 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 7,862,869 | ||
Income from Fidelity Central Funds (including $20,667 from security lending) | 412,726 | |||
Income before foreign taxes withheld | $ | 8,275,595 | ||
Less foreign taxes withheld | (736,900) | |||
Total Income | 7,538,695 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,510,472 | ||
Performance adjustment | 106,864 | |||
Transfer agent fees | 740,869 | |||
Distribution and service plan fees | 81,609 | |||
Accounting fees | 241,345 | |||
Custodian fees and expenses | 47,658 | |||
Independent trustees' fees and expenses | 3,667 | |||
Registration fees | 33,926 | |||
Audit | 48,068 | |||
Legal | 843 | |||
Interest | 4,911 | |||
Miscellaneous | 2,394 | |||
Total expenses before reductions | 5,822,626 | |||
Expense reductions | (25,181) | |||
Total expenses after reductions | 5,797,445 | |||
Net Investment income (loss) | 1,741,250 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $9,685) | 19,336,052 | |||
Foreign currency transactions | 129,271 | |||
Total net realized gain (loss) | 19,465,323 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $175,096) | 155,391,112 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 194,012 | |||
Total change in net unrealized appreciation (depreciation) | 155,585,123 | |||
Net gain (loss) | 175,050,446 | |||
Net increase (decrease) in net assets resulting from operations | $ | 176,791,696 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,741,250 | $ | 8,172,300 |
Net realized gain (loss) | 19,465,323 | 72,325,342 | ||
Change in net unrealized appreciation (depreciation) | 155,585,123 | (657,801,200) | ||
Net increase (decrease) in net assets resulting from operations | 176,791,696 | (577,303,558) | ||
Distributions to shareholders | (64,708,392) | (145,923,001) | ||
Share transactions - net increase (decrease) | (53,739,053) | (23,291,061) | ||
Total increase (decrease) in net assets | 58,344,251 | (746,517,620) | ||
Net Assets | ||||
Beginning of period | 1,042,145,789 | 1,788,663,409 | ||
End of period | $ | 1,100,490,040 | $ | 1,042,145,789 |
Fidelity Advisor® International Small Cap Opportunities Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.17 | $ | 28.35 | $ | 20.86 | $ | 19.02 | $ | 17.33 | $ | 18.47 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | .06 | (.06) | (.04) | .11 | .12 | ||||||
Net realized and unrealized gain (loss) | 2.92 | (8.93) | 7.55 | 2.05 | 2.01 | (.92) | ||||||
Total from investment operations | 2.92 | (8.87) | 7.49 | 2.01 | 2.12 | (.80) | ||||||
Distributions from net investment income | - | - | - | (.11) | (.11) | (.09) | ||||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | (.24) | ||||||
Total distributions | (1.13) | (2.31) | - | (.17) D | (.43) D | (.34) D | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.96 | $ | 17.17 | $ | 28.35 | $ | 20.86 | $ | 19.02 | $ | 17.33 |
Total Return E,F,G | 17.43% | (33.79)% | 35.91% | 10.58% | 12.61% | (4.48)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.38% J | 1.49% | 1.50% | 1.57% | 1.49% | 1.38% | ||||||
Expenses net of fee waivers, if any | 1.38% J | 1.48% | 1.50% | 1.57% | 1.49% | 1.38% | ||||||
Expenses net of all reductions | 1.38% J | 1.48% | 1.50% | 1.56% | 1.48% | 1.37% | ||||||
Net investment income (loss) | -% J,K | .30% | (.25)% | (.20)% | .64% | .65% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 29,632 | $ | 26,380 | $ | 45,981 | $ | 37,771 | $ | 41,679 | $ | 41,164 |
Portfolio turnover rate L | 6% J | 13% | 21% | 20% | 17% | 19% |
Fidelity Advisor® International Small Cap Opportunities Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.91 | $ | 28.02 | $ | 20.67 | $ | 18.85 | $ | 17.17 | $ | 18.32 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.02) | .01 | (.13) | (.09) | .06 | .07 | ||||||
Net realized and unrealized gain (loss) | 2.86 | (8.81) | 7.48 | 2.03 | 1.99 | (.92) | ||||||
Total from investment operations | 2.84 | (8.80) | 7.35 | 1.94 | 2.05 | (.85) | ||||||
Distributions from net investment income | - | - | - | (.06) | (.06) | (.06) | ||||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | (.24) | ||||||
Total distributions | (1.13) | (2.31) | - | (.12) C | (.37) | (.30) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 18.62 | $ | 16.91 | $ | 28.02 | $ | 20.67 | $ | 18.85 | $ | 17.17 |
Total Return E,F,G | 17.22% | (33.95)% | 35.56% | 10.29% | 12.29% | (4.74)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.64% J | 1.74% | 1.75% | 1.84% | 1.77% | 1.67% | ||||||
Expenses net of fee waivers, if any | 1.63% J | 1.74% | 1.75% | 1.84% | 1.77% | 1.67% | ||||||
Expenses net of all reductions | 1.63% J | 1.74% | 1.75% | 1.83% | 1.77% | 1.66% | ||||||
Net investment income (loss) | (.25)% J | .05% | (.50)% | (.47)% | .36% | .36% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 11,560 | $ | 10,115 | $ | 16,378 | $ | 13,141 | $ | 13,875 | $ | 13,245 |
Portfolio turnover rate K | 6% J | 13% | 21% | 20% | 17% | 19% |
Fidelity Advisor® International Small Cap Opportunities Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.22 | $ | 27.10 | $ | 20.09 | $ | 18.31 | $ | 16.69 | $ | 17.84 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.07) | (.09) | (.25) | (.18) | (.02) | (.02) | ||||||
Net realized and unrealized gain (loss) | 2.75 | (8.48) | 7.26 | 1.96 | 1.93 | (.89) | ||||||
Total from investment operations | 2.68 | (8.57) | 7.01 | 1.78 | 1.91 | (.91) | ||||||
Distributions from net realized gain | (1.13) | (2.31) | - | - | (.29) | (.24) | ||||||
Total distributions | (1.13) | (2.31) | - | - | (.29) | (.24) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 17.77 | $ | 16.22 | $ | 27.10 | $ | 20.09 | $ | 18.31 | $ | 16.69 |
Total Return D,E,F | 16.95% | (34.28)% | 34.89% | 9.72% | 11.74% | (5.19)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.17% I | 2.26% | 2.26% | 2.33% | 2.27% | 2.15% | ||||||
Expenses net of fee waivers, if any | 2.16% I | 2.25% | 2.26% | 2.33% | 2.26% | 2.15% | ||||||
Expenses net of all reductions | 2.16% I | 2.25% | 2.26% | 2.33% | 2.26% | 2.14% | ||||||
Net investment income (loss) | (.78)% I | (.47)% | (1.01)% | (.96)% | (.13)% | (.12)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,397 | $ | 3,314 | $ | 6,770 | $ | 7,253 | $ | 9,424 | $ | 14,461 |
Portfolio turnover rate J | 6% I | 13% | 21% | 20% | 17% | 19% |
Fidelity® International Small Cap Opportunities Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.47 | $ | 28.77 | $ | 21.10 | $ | 19.24 | $ | 17.53 | $ | 18.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .13 | .01 | .02 | .17 | .18 | ||||||
Net realized and unrealized gain (loss) | 2.98 | (9.09) | 7.66 | 2.07 | 2.02 | (.95) | ||||||
Total from investment operations | 3.01 | (8.96) | 7.67 | 2.09 | 2.19 | (.77) | ||||||
Distributions from net investment income | - C | (.04) | - | (.17) | (.17) | (.15) | ||||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | (.24) | ||||||
Total distributions | (1.14) D | (2.34) D | - | (.23) D | (.48) | (.39) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 19.34 | $ | 17.47 | $ | 28.77 | $ | 21.10 | $ | 19.24 | $ | 17.53 |
Total Return E,F | 17.61% | (33.62)% | 36.35% | 10.90% | 12.97% | (4.25)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.07% I | 1.19% | 1.21% | 1.26% | 1.19% | 1.10% | ||||||
Expenses net of fee waivers, if any | 1.07% I | 1.19% | 1.20% | 1.26% | 1.19% | 1.10% | ||||||
Expenses net of all reductions | 1.07% I | 1.19% | 1.20% | 1.25% | 1.19% | 1.09% | ||||||
Net investment income (loss) | .31% I | .60% | .05% | .11% | .94% | .93% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 744,684 | $ | 700,271 | $ | 1,268,421 | $ | 1,152,472 | $ | 1,040,989 | $ | 965,482 |
Portfolio turnover rate J | 6% I | 13% | 21% | 20% | 17% | 19% |
Fidelity Advisor® International Small Cap Opportunities Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.46 | $ | 28.75 | $ | 21.09 | $ | 19.22 | $ | 17.51 | $ | 18.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .13 | .01 | .02 | .17 | .18 | ||||||
Net realized and unrealized gain (loss) | 2.97 | (9.07) | 7.65 | 2.07 | 2.02 | (.94) | ||||||
Total from investment operations | 3.00 | (8.94) | 7.66 | 2.09 | 2.19 | (.76) | ||||||
Distributions from net investment income | (.01) | (.04) | - | (.16) | (.16) | (.15) | ||||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | (.24) | ||||||
Total distributions | (1.14) | (2.35) | - | (.22) C | (.48) C | (.39) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 19.32 | $ | 17.46 | $ | 28.75 | $ | 21.09 | $ | 19.22 | $ | 17.51 |
Total Return E,F | 17.59% | (33.60)% | 36.32% | 10.90% | 12.93% | (4.21)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.09% I | 1.20% | 1.22% | 1.28% | 1.20% | 1.12% | ||||||
Expenses net of fee waivers, if any | 1.08% I | 1.19% | 1.22% | 1.27% | 1.19% | 1.12% | ||||||
Expenses net of all reductions | 1.08% I | 1.19% | 1.22% | 1.27% | 1.19% | 1.11% | ||||||
Net investment income (loss) | .30% I | .59% | .04% | .09% | .93% | .91% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 66,102 | $ | 82,705 | $ | 141,310 | $ | 113,041 | $ | 142,854 | $ | 159,968 |
Portfolio turnover rate J | 6% I | 13% | 21% | 20% | 17% | 19% |
Fidelity Advisor® International Small Cap Opportunities Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.44 | $ | 28.73 | $ | 21.05 | $ | 19.20 | $ | 17.51 | $ | 19.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .04 | .15 | .04 | .05 | .19 | - D | ||||||
Net realized and unrealized gain (loss) | 2.97 | (9.05) | 7.64 | 2.05 | 2.02 | (1.60) | ||||||
Total from investment operations | 3.01 | (8.90) | 7.68 | 2.10 | 2.21 | (1.60) | ||||||
Distributions from net investment income | (.04) | (.08) | - | (.20) | (.20) | - | ||||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | - | ||||||
Total distributions | (1.17) | (2.39) | - | (.25) | (.52) E | - | ||||||
Net asset value, end of period | $ | 19.28 | $ | 17.44 | $ | 28.73 | $ | 21.05 | $ | 19.20 | $ | 17.51 |
Total Return F,G | 17.68% | (33.52)% | 36.48% | 11.03% | 13.10% | (8.37)% | ||||||
Ratios to Average Net Assets C,H,I | ||||||||||||
Expenses before reductions | .96% J | 1.07% | 1.09% | 1.14% | 1.05% | 1.03% J | ||||||
Expenses net of fee waivers, if any | .95% J | 1.07% | 1.09% | 1.13% | 1.05% | 1.03% J | ||||||
Expenses net of all reductions | .95% J | 1.07% | 1.09% | 1.13% | 1.05% | 1.02% J | ||||||
Net investment income (loss) | .43% J | .72% | .16% | .23% | 1.08% | .16% J | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 245,116 | $ | 219,360 | $ | 309,803 | $ | 82,476 | $ | 76,527 | $ | 4,617 |
Portfolio turnover rate K | 6% J | 13% | 21% | 20% | 17% | 19% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005 |
Gross unrealized appreciation | $373,682,183 |
Gross unrealized depreciation | (84,121,937) |
Net unrealized appreciation (depreciation) | $289,560,246 |
Tax cost | $837,238,456 |
Purchases ($) | Sales ($) | |
Fidelity International Small Cap Opportunities Fund | 34,437,402 | 162,392,394 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $36,202 | $454 |
Class M | .25% | .25% | 27,882 | 376 |
Class C | .75% | .25% | 17,525 | 806 |
$81,609 | $1,636 |
Retained by FDC | |
Class A | $975 |
Class M | 713 |
Class C A | 46 |
$1,734 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $31,168 | .22 |
Class M | 12,355 | .22 |
Class C | 4,348 | .25 |
International Small Cap Opportunities | 575,177 | .16 |
Class I | 67,397 | .17 |
Class Z | 50,424 | .04 |
$740,869 |
% of Average Net Assets | |
Fidelity International Small Cap Opportunities Fund | .04 |
Amount | |
Fidelity International Small Cap Opportunities Fund | $69 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Small Cap Opportunities Fund | Borrower | $9,180,000 | 4.82% | $4,911 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Small Cap Opportunities Fund | 1,948,199 | 12,385,884 | (558,433) |
Amount | |
Fidelity International Small Cap Opportunities Fund | $1,069 |
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 International Small Cap Opportunities Fund | $2,378 | $- | $- |
Expense reduction | |
Class M | 255 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Small Cap Opportunities Fund | ||
Distributions to shareholders | ||
Class A | $1,724,252 | $3,712,302 |
Class M | 668,890 | 1,347,073 |
Class C | 228,866 | 565,280 |
International Small Cap Opportunities | 42,205,549 | 103,110,108 |
Class I | 5,288,952 | 11,507,400 |
Class Z | 14,591,883 | 25,680,838 |
Total | $64,708,392 | $145,923,001 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Small Cap Opportunities Fund | ||||
Class A | ||||
Shares sold | 41,458 | 107,181 | $759,323 | $2,213,121 |
Reinvestment of distributions | 94,841 | 146,450 | 1,693,860 | 3,629,027 |
Shares redeemed | (109,696) | (339,023) | (2,004,111) | (7,042,478) |
Net increase (decrease) | 26,603 | (85,392) | $449,072 | $(1,200,330) |
Class M | ||||
Shares sold | 14,483 | 19,908 | $259,631 | $424,699 |
Reinvestment of distributions | 37,879 | 54,676 | 665,150 | 1,337,368 |
Shares redeemed | (30,021) | (60,774) | (539,721) | (1,238,854) |
Net increase (decrease) | 22,341 | 13,810 | $385,060 | $523,213 |
Class C | ||||
Shares sold | 2,390 | 9,960 | $41,139 | $199,008 |
Reinvestment of distributions | 13,606 | 23,946 | 228,441 | 564,404 |
Shares redeemed | (29,221) | (79,310) | (505,808) | (1,567,463) |
Net increase (decrease) | (13,225) | (45,404) | $(236,228) | $(804,051) |
International Small Cap Opportunities | ||||
Shares sold | 1,229,683 | 2,966,612 | $23,216,765 | $62,249,598 |
Reinvestment of distributions | 1,900,059 | 3,165,438 | 34,581,075 | 79,642,429 |
Shares redeemed | (4,704,251) | (10,146,566) | (89,160,209) | (202,796,085) |
Net increase (decrease) | (1,574,509) | (4,014,516) | $(31,362,369) | $(60,904,058) |
Class I | ||||
Shares sold | 344,473 | 698,127 | $6,482,077 | $14,776,475 |
Reinvestment of distributions | 193,260 | 335,375 | 3,513,459 | 8,427,973 |
Shares redeemed | (1,853,302) | (1,211,577) | (35,210,147) | (25,532,337) |
Net increase (decrease) | (1,315,569) | (178,075) | $(25,214,611) | $(2,327,889) |
Class Z | ||||
Shares sold | 494,386 | 2,588,492 | $9,242,949 | $51,781,304 |
Reinvestment of distributions | 741,352 | 928,091 | 13,440,712 | 23,276,518 |
Shares redeemed | (1,099,371) | (1,722,683) | (20,443,638) | (33,635,768) |
Net increase (decrease) | 136,367 | 1,793,900 | $2,240,023 | $41,422,054 |
Fund | % of shares held |
Fidelity International Small Cap Opportunities Fund | 25% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Small Cap Opportunities Fund | ||||||||||
Class A | 1.38% | |||||||||
Actual | $ 1,000 | $ 1,174.30 | $ 7.44 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.95 | $ 6.90 | |||||||
Class M | 1.63% | |||||||||
Actual | $ 1,000 | $ 1,172.20 | $ 8.78 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.71 | $ 8.15 | |||||||
Class C | 2.16% | |||||||||
Actual | $ 1,000 | $ 1,169.50 | $ 11.62 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.08 | $ 10.79 | |||||||
Fidelity® International Small Cap Opportunities Fund | 1.07% | |||||||||
Actual | $ 1,000 | $ 1,176.10 | $ 5.77 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.49 | $ 5.36 | |||||||
Class I | 1.08% | |||||||||
Actual | $ 1,000 | $ 1,175.90 | $ 5.83 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.44 | $ 5.41 | |||||||
Class Z | .95% | |||||||||
Actual | $ 1,000 | $ 1,176.80 | $ 5.13 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.08 | $ 4.76 | |||||||
- 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) | ||
Shell PLC ADR (Netherlands, Oil, Gas & Consumable Fuels) | 4.0 | |
BHP Group Ltd. (Australia, Metals & Mining) | 3.6 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.6 | |
Toyota Motor Corp. (Japan, Automobiles) | 2.4 | |
Siemens AG (Germany, Industrial Conglomerates) | 2.4 | |
Sanofi SA (United States of America, Pharmaceuticals) | 2.1 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.1 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 2.0 | |
UBS Group AG (Switzerland, Capital Markets) | 2.0 | |
AXA SA (France, Insurance) | 1.9 | |
26.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 32.1 | |
Industrials | 15.6 | |
Materials | 13.4 | |
Energy | 12.0 | |
Consumer Discretionary | 7.9 | |
Health Care | 5.1 | |
Information Technology | 5.0 | |
Communication Services | 1.9 | |
Utilities | 1.5 | |
Real Estate | 0.9 | |
Consumer Staples | 0.6 | |
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 - 95.2% | |||
Shares | Value ($) | ||
Australia - 8.4% | |||
BHP Group Ltd. | 924,190 | 27,427,648 | |
Flutter Entertainment PLC (a) | 11,600 | 2,320,136 | |
Glencore PLC | 2,390,400 | 14,109,655 | |
Macquarie Group Ltd. | 79,601 | 9,710,671 | |
National Australia Bank Ltd. | 197,222 | 3,796,752 | |
Woodside Energy Group Ltd. | 301,423 | 6,839,388 | |
TOTAL AUSTRALIA | 64,204,250 | ||
Belgium - 1.4% | |||
KBC Group NV | 104,416 | 7,453,327 | |
UCB SA | 36,900 | 3,432,526 | |
TOTAL BELGIUM | 10,885,853 | ||
Canada - 0.5% | |||
Nutrien Ltd. | 57,800 | 4,009,759 | |
Denmark - 0.7% | |||
DSV A/S | 26,700 | 5,014,761 | |
Finland - 1.1% | |||
Sampo Oyj (A Shares) | 172,334 | 8,727,567 | |
France - 12.4% | |||
Air Liquide SA | 54,470 | 9,798,621 | |
Airbus Group NV | 30,200 | 4,229,046 | |
ALTEN | 25,700 | 4,361,100 | |
AXA SA | 450,905 | 14,717,616 | |
BNP Paribas SA | 199,600 | 12,896,833 | |
Capgemini SA | 31,293 | 5,686,042 | |
Euroapi SASU | 5,559 | 66,737 | |
Teleperformance | 14,400 | 2,868,819 | |
TotalEnergies SE | 424,905 | 27,151,405 | |
VINCI SA (b) | 59,200 | 7,319,084 | |
Vivendi SA | 503,892 | 5,526,845 | |
TOTAL FRANCE | 94,622,148 | ||
Germany - 10.8% | |||
Bayer AG | 137,500 | 9,074,487 | |
Covestro AG (c) | 93,800 | 4,115,048 | |
Deutsche Post AG | 168,500 | 8,104,782 | |
Hannover Reuck SE | 44,300 | 9,450,423 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 24,300 | 9,117,286 | |
Rheinmetall AG | 39,050 | 11,424,251 | |
RWE AG | 213,200 | 9,996,062 | |
Siemens AG | 111,539 | 18,385,223 | |
Vonovia SE | 135,829 | 2,945,929 | |
TOTAL GERMANY | 82,613,491 | ||
Hong Kong - 2.1% | |||
AIA Group Ltd. | 585,000 | 6,368,939 | |
Prudential PLC | 625,700 | 9,573,861 | |
TOTAL HONG KONG | 15,942,800 | ||
India - 0.7% | |||
Reliance Industries Ltd. GDR (c) | 83,000 | 4,946,800 | |
Indonesia - 0.6% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 12,947,194 | 4,511,828 | |
Ireland - 2.9% | |||
Bank of Ireland Group PLC | 640,300 | 6,610,971 | |
CRH PLC | 206,002 | 9,940,415 | |
Ryanair Holdings PLC sponsored ADR (a) | 57,800 | 5,525,102 | |
TOTAL IRELAND | 22,076,488 | ||
Italy - 2.4% | |||
Enel SpA | 209,100 | 1,428,595 | |
Eni SpA | 669,600 | 10,115,923 | |
Mediobanca SpA | 590,525 | 6,331,306 | |
TOTAL ITALY | 17,875,824 | ||
Japan - 21.7% | |||
Daiichi Sankyo Kabushiki Kaisha | 21,600 | 741,196 | |
DENSO Corp. | 149,900 | 9,048,505 | |
Fast Retailing Co. Ltd. | 26,300 | 6,227,883 | |
FUJIFILM Holdings Corp. | 103,200 | 5,378,781 | |
Fujitsu Ltd. | 39,700 | 5,291,109 | |
Hitachi Ltd. | 286,800 | 15,864,238 | |
Hoya Corp. | 32,000 | 3,355,361 | |
Ibiden Co. Ltd. | 72,300 | 2,844,733 | |
INPEX Corp. | 333,700 | 3,651,697 | |
Itochu Corp. | 298,000 | 9,886,108 | |
Minebea Mitsumi, Inc. | 258,270 | 4,782,809 | |
Mitsubishi Estate Co. Ltd. | 293,900 | 3,622,113 | |
Mitsubishi UFJ Financial Group, Inc. | 1,926,861 | 12,061,253 | |
NOF Corp. | 17,700 | 808,739 | |
ORIX Corp. | 457,000 | 7,774,723 | |
Renesas Electronics Corp. (a) | 494,188 | 6,440,480 | |
Shin-Etsu Chemical Co. Ltd. | 351,500 | 10,030,341 | |
SoftBank Group Corp. | 111,300 | 4,174,019 | |
Sony Group Corp. | 63,100 | 5,708,893 | |
Sumitomo Mitsui Financial Group, Inc. | 262,400 | 10,725,243 | |
Suzuki Motor Corp. | 188,630 | 6,577,241 | |
TIS, Inc. | 108,901 | 2,990,391 | |
Tokio Marine Holdings, Inc. | 450,544 | 9,059,103 | |
Toyota Motor Corp. | 1,351,425 | 18,555,114 | |
TOTAL JAPAN | 165,600,073 | ||
Korea (South) - 0.7% | |||
Samsung Electronics Co. Ltd. | 112,100 | 5,517,964 | |
Luxembourg - 0.7% | |||
ArcelorMittal SA (Netherlands) | 185,986 | 5,268,955 | |
Netherlands - 4.3% | |||
Shell PLC ADR | 488,800 | 30,295,828 | |
Universal Music Group NV | 106,319 | 2,320,799 | |
TOTAL NETHERLANDS | 32,616,627 | ||
Singapore - 1.2% | |||
United Overseas Bank Ltd. | 440,305 | 9,351,180 | |
South Africa - 1.1% | |||
Anglo American PLC (United Kingdom) | 257,640 | 7,938,965 | |
Thungela Resources Ltd. (b) | 47,881 | 444,689 | |
TOTAL SOUTH AFRICA | 8,383,654 | ||
Spain - 2.3% | |||
Banco Santander SA (Spain) (b) | 3,718,982 | 13,058,106 | |
Cellnex Telecom SA (c) | 74,500 | 3,136,747 | |
Unicaja Banco SA (c) | 1,486,600 | 1,506,219 | |
TOTAL SPAIN | 17,701,072 | ||
Sweden - 2.0% | |||
Alleima AB | 29,480 | 151,151 | |
Investor AB (B Shares) | 519,640 | 11,137,622 | |
Sandvik AB (b) | 211,500 | 4,300,101 | |
TOTAL SWEDEN | 15,588,874 | ||
Switzerland - 4.5% | |||
Swiss Life Holding AG (b) | 9,003 | 5,910,343 | |
UBS Group AG | 740,358 | 14,992,250 | |
Zurich Insurance Group Ltd. | 27,011 | 13,048,442 | |
TOTAL SWITZERLAND | 33,951,035 | ||
United Kingdom - 8.7% | |||
AstraZeneca PLC (United Kingdom) | 46,312 | 6,815,412 | |
BAE Systems PLC | 1,187,264 | 15,125,724 | |
Barratt Developments PLC | 865,700 | 5,439,842 | |
Beazley PLC | 516,800 | 3,867,703 | |
BP PLC | 971,608 | 6,518,514 | |
Imperial Brands PLC | 179,830 | 4,451,530 | |
Lloyds Banking Group PLC | 12,382,064 | 7,522,374 | |
NatWest Group PLC | 1,402,700 | 4,620,633 | |
Rolls-Royce Holdings PLC (a) | 604,600 | 1,158,214 | |
Standard Chartered PLC (United Kingdom) | 1,318,898 | 10,415,888 | |
TOTAL UNITED KINGDOM | 65,935,834 | ||
United States of America - 4.0% | |||
Ferguson PLC | 31,416 | 4,420,016 | |
Linde PLC | 26,314 | 9,721,707 | |
Sanofi SA | 148,579 | 16,012,100 | |
TOTAL UNITED STATES OF AMERICA | 30,153,823 | ||
TOTAL COMMON STOCKS (Cost $653,877,956) | 725,500,660 | ||
Nonconvertible Preferred Stocks - 0.8% | |||
Shares | Value ($) | ||
Germany - 0.8% | |||
Porsche Automobil Holding SE (Germany) (Cost $7,668,702) | 109,300 | 6,087,707 | |
Money Market Funds - 7.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) | 25,760,863 | 25,766,015 | |
Fidelity Securities Lending Cash Central Fund 4.88% (d)(e) | 30,368,706 | 30,371,743 | |
TOTAL MONEY MARKET FUNDS (Cost $56,137,758) | 56,137,758 | ||
TOTAL INVESTMENT IN SECURITIES - 103.3% (Cost $717,684,416) | 787,726,125 |
NET OTHER ASSETS (LIABILITIES) - (3.3)% | (25,451,952) |
NET ASSETS - 100.0% | 762,274,173 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $13,704,814 or 1.8% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 19,026,705 | 87,607,604 | 80,868,294 | 476,525 | - | - | 25,766,015 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 12,898,750 | 114,862,713 | 97,389,720 | 120,038 | - | - | 30,371,743 | 0.1% |
Total | 31,925,455 | 202,470,317 | 178,258,014 | 596,563 | - | - | 56,137,758 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 15,158,410 | 7,847,644 | 7,310,766 | - |
Consumer Discretionary | 59,965,321 | 7,759,978 | 52,205,343 | - |
Consumer Staples | 4,451,530 | - | 4,451,530 | - |
Energy | 89,964,244 | 35,687,317 | 54,276,927 | - |
Financials | 244,318,462 | 121,627,453 | 122,691,009 | - |
Health Care | 39,497,819 | 3,499,263 | 35,998,556 | - |
Industrials | 118,408,278 | 40,872,134 | 77,536,144 | - |
Information Technology | 38,510,600 | 10,047,142 | 28,463,458 | - |
Materials | 103,321,004 | 19,151,572 | 84,169,432 | - |
Real Estate | 6,568,042 | - | 6,568,042 | - |
Utilities | 11,424,657 | 9,996,062 | 1,428,595 | - |
Money Market Funds | 56,137,758 | 56,137,758 | - | - |
Total Investments in Securities: | 787,726,125 | 312,626,323 | 475,099,802 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $27,700,214) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $661,546,658) | $ | 731,588,367 | ||
Fidelity Central Funds (cost $56,137,758) | 56,137,758 | |||
Total Investment in Securities (cost $717,684,416) | $ | 787,726,125 | ||
Foreign currency held at value (cost $135,117) | 135,092 | |||
Receivable for investments sold | 910,578 | |||
Receivable for fund shares sold | 601,672 | |||
Dividends receivable | 3,526,452 | |||
Reclaims receivable | 2,227,573 | |||
Distributions receivable from Fidelity Central Funds | 155,335 | |||
Prepaid expenses | 236 | |||
Receivable from investment adviser for expense reductions | 45,697 | |||
Total assets | 795,328,760 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,420,518 | ||
Payable for fund shares redeemed | 591,569 | |||
Accrued management fee | 489,351 | |||
Distribution and service plan fees payable | 7,334 | |||
Other affiliated payables | 123,761 | |||
Other payables and accrued expenses | 50,311 | |||
Collateral on securities loaned | 30,371,743 | |||
Total Liabilities | 33,054,587 | |||
Net Assets | $ | 762,274,173 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 772,029,825 | ||
Total accumulated earnings (loss) | (9,755,652) | |||
Net Assets | $ | 762,274,173 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($15,967,551 ÷ 1,761,969 shares) (a) | $ | 9.06 | ||
Maximum offering price per share (100/94.25 of $9.06) | $ | 9.61 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,464,796 ÷ 492,535 shares) (a) | $ | 9.06 | ||
Maximum offering price per share (100/96.50 of $9.06) | $ | 9.39 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,587,419 ÷ 284,185 shares) (a) | $ | 9.10 | ||
International Value : | ||||
Net Asset Value , offering price and redemption price per share ($458,653,592 ÷ 50,611,169 shares) | $ | 9.06 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($110,296,890 ÷ 12,153,594 shares) | $ | 9.08 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($170,303,925 ÷ 18,770,735 shares) | $ | 9.07 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 11,517,857 | ||
Income from Fidelity Central Funds (including $120,038 from security lending) | 596,563 | |||
Income before foreign taxes withheld | $ | 12,114,420 | ||
Less foreign taxes withheld | (975,861) | |||
Total Income | 11,138,559 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,348,533 | ||
Performance adjustment | 387,714 | |||
Transfer agent fees | 537,374 | |||
Distribution and service plan fees | 41,726 | |||
Accounting fees | 162,915 | |||
Custodian fees and expenses | 29,977 | |||
Independent trustees' fees and expenses | 1,950 | |||
Registration fees | 100,901 | |||
Audit | 34,442 | |||
Legal | 500 | |||
Miscellaneous | 1,368 | |||
Total expenses before reductions | 3,647,400 | |||
Expense reductions | (94,163) | |||
Total expenses after reductions | 3,553,237 | |||
Net Investment income (loss) | 7,585,322 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (7,738,364) | |||
Foreign currency transactions | 168,388 | |||
Total net realized gain (loss) | (7,569,976) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 120,867,431 | |||
Assets and liabilities in foreign currencies | 228,543 | |||
Total change in net unrealized appreciation (depreciation) | 121,095,974 | |||
Net gain (loss) | 113,525,998 | |||
Net increase (decrease) in net assets resulting from operations | $ | 121,111,320 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 7,585,322 | $ | 16,126,115 |
Net realized gain (loss) | (7,569,976) | (28,616,362) | ||
Change in net unrealized appreciation (depreciation) | 121,095,974 | (92,203,078) | ||
Net increase (decrease) in net assets resulting from operations | 121,111,320 | (104,693,325) | ||
Distributions to shareholders | (11,902,522) | (17,928,873) | ||
Share transactions - net increase (decrease) | 74,893,458 | 291,627,947 | ||
Total increase (decrease) in net assets | 184,102,256 | 169,005,749 | ||
Net Assets | ||||
Beginning of period | 578,171,917 | 409,166,168 | ||
End of period | $ | 762,274,173 | $ | 578,171,917 |
Fidelity Advisor® International Value Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.64 | $ | 9.65 | $ | 6.87 | $ | 8.25 | $ | 8.13 | $ | 9.08 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .24 | .25 C | .13 | .25 | .21 | ||||||
Net realized and unrealized gain (loss) | 1.48 | (1.87) | 2.66 | (1.24) | .08 | (1.04) | ||||||
Total from investment operations | 1.56 | (1.63) | 2.91 | (1.11) | .33 | (.83) | ||||||
Distributions from net investment income | (.14) | (.38) | (.13) | (.24) | (.21) | (.10) | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | (.01) | ||||||
Total distributions | (.14) | (.38) | (.13) | (.27) | (.21) | (.12) D | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 9.06 | $ | 7.64 | $ | 9.65 | $ | 6.87 | $ | 8.25 | $ | 8.13 |
Total Return F,G,H | 20.52% | (17.43)% | 42.56% | (14.01)% | 4.38% | (9.30)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.39% K | 1.46% | 1.37% | 1.30% | 1.14% | 1.23% | ||||||
Expenses net of fee waivers, if any | 1.30% K | 1.30% | 1.33% | 1.30% | 1.13% | 1.23% | ||||||
Expenses net of all reductions | 1.30% K | 1.30% | 1.33% | 1.28% | 1.12% | 1.21% | ||||||
Net investment income (loss) | 1.92% K | 2.85% | 2.77% C | 1.71% | 3.19% | 2.36% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 15,968 | $ | 12,080 | $ | 10,566 | $ | 5,947 | $ | 7,806 | $ | 7,887 |
Portfolio turnover rate L | 24% K | 25% | 29% M | 36% | 47% | 55% |
Fidelity Advisor® International Value Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.63 | $ | 9.63 | $ | 6.86 | $ | 8.24 | $ | 8.11 | $ | 9.06 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .22 | .23 C | .11 | .23 | .18 | ||||||
Net realized and unrealized gain (loss) | 1.48 | (1.87) | 2.65 | (1.25) | .08 | (1.04) | ||||||
Total from investment operations | 1.55 | (1.65) | 2.88 | (1.14) | .31 | (.86) | ||||||
Distributions from net investment income | (.12) | (.35) | (.11) | (.21) | (.18) | (.08) | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | (.01) | ||||||
Total distributions | (.12) | (.35) | (.11) | (.24) | (.18) | (.09) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 9.06 | $ | 7.63 | $ | 9.63 | $ | 6.86 | $ | 8.24 | $ | 8.11 |
Total Return E,F,G | 20.38% | (17.65)% | 42.20% | (14.29)% | 4.11% | (9.59)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.64% J | 1.72% | 1.62% | 1.57% | 1.44% | 1.56% | ||||||
Expenses net of fee waivers, if any | 1.55% J | 1.55% | 1.58% | 1.57% | 1.43% | 1.55% | ||||||
Expenses net of all reductions | 1.54% J | 1.55% | 1.58% | 1.55% | 1.42% | 1.54% | ||||||
Net investment income (loss) | 1.67% J | 2.60% | 2.51% C | 1.44% | 2.89% | 2.04% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,465 | $ | 3,498 | $ | 4,375 | $ | 2,884 | $ | 3,756 | $ | 3,920 |
Portfolio turnover rate K | 24% J | 25% | 29% L | 36% | 47% | 55% |
Fidelity Advisor® International Value Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.64 | $ | 9.60 | $ | 6.85 | $ | 8.22 | $ | 8.08 | $ | 9.04 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .18 | .18 C | .07 | .19 | .14 | ||||||
Net realized and unrealized gain (loss) | 1.48 | (1.87) | 2.65 | (1.24) | .08 | (1.04) | ||||||
Total from investment operations | 1.53 | (1.69) | 2.83 | (1.17) | .27 | (.90) | ||||||
Distributions from net investment income | (.07) | (.27) | (.08) | (.17) | (.13) | (.04) | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | (.01) | ||||||
Total distributions | (.07) | (.27) | (.08) | (.20) | (.13) | (.06) D | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 9.10 | $ | 7.64 | $ | 9.60 | $ | 6.85 | $ | 8.22 | $ | 8.08 |
Total Return F,G,H | 20.04% | (18.01)% | 41.45% | (14.67)% | 3.53% | (10.06)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 2.14% K | 2.23% | 2.12% | 2.07% | 1.93% | 2.04% | ||||||
Expenses net of fee waivers, if any | 2.05% K | 2.05% | 2.09% | 2.07% | 1.92% | 2.04% | ||||||
Expenses net of all reductions | 2.05% K | 2.05% | 2.09% | 2.05% | 1.91% | 2.02% | ||||||
Net investment income (loss) | 1.17% K | 2.09% | 2.00% C | .94% | 2.40% | 1.55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,587 | $ | 2,190 | $ | 3,177 | $ | 2,947 | $ | 3,839 | $ | 5,339 |
Portfolio turnover rate L | 24% K | 25% | 29% M | 36% | 47% | 55% |
Fidelity® International Value Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.65 | $ | 9.66 | $ | 6.87 | $ | 8.25 | $ | 8.14 | $ | 9.09 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .26 | .28 C | .15 | .28 | .24 | ||||||
Net realized and unrealized gain (loss) | 1.48 | (1.86) | 2.66 | (1.23) | .07 | (1.04) | ||||||
Total from investment operations | 1.57 | (1.60) | 2.94 | (1.08) | .35 | (.80) | ||||||
Distributions from net investment income | (.16) | (.41) | (.15) | (.27) | (.24) | (.14) | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | (.01) | ||||||
Total distributions | (.16) | (.41) | (.15) | (.30) | (.24) | (.15) | ||||||
Redemption fees added to paid in capital A | - | - | �� | - | - | - | - D | |||||
Net asset value, end of period | $ | 9.06 | $ | 7.65 | $ | 9.66 | $ | 6.87 | $ | 8.25 | $ | 8.14 |
Total Return E,F | 20.63% | (17.20)% | 43.08% | (13.70)% | 4.65% | (8.95)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.07% I | 1.13% | 1.01% | .94% | .79% | .89% | ||||||
Expenses net of fee waivers, if any | 1.05% I | 1.05% | 1.01% | .94% | .78% | .89% | ||||||
Expenses net of all reductions | 1.05% I | 1.05% | 1.01% | .92% | .78% | .87% | ||||||
Net investment income (loss) | 2.17% I | 3.10% | 3.09% C | 2.07% | 3.54% | 2.70% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 458,654 | $ | 367,478 | $ | 372,441 | $ | 406,661 | $ | 442,816 | $ | 433,015 |
Portfolio turnover rate J | 24% I | 25% | 29% K | 36% | 47% | 55% |
Fidelity Advisor® International Value Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.66 | $ | 9.67 | $ | 6.88 | $ | 8.26 | $ | 8.15 | $ | 9.10 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .25 | .28 C | .15 | .27 | .23 | ||||||
Net realized and unrealized gain (loss) | 1.49 | (1.86) | 2.66 | (1.24) | .08 | (1.04) | ||||||
Total from investment operations | 1.58 | (1.61) | 2.94 | (1.09) | .35 | (.81) | ||||||
Distributions from net investment income | (.16) | (.40) | (.15) | (.26) | (.24) | (.13) | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | (.01) | ||||||
Total distributions | (.16) | (.40) | (.15) | (.29) | (.24) | (.14) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 9.08 | $ | 7.66 | $ | 9.67 | $ | 6.88 | $ | 8.26 | $ | 8.15 |
Total Return E,F | 20.76% | (17.23)% | 43.05% | (13.75)% | 4.57% | (9.04)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.07% I | 1.09% | 1.07% | .98% | .86% | .97% | ||||||
Expenses net of fee waivers, if any | 1.04% I | 1.04% | 1.05% | .98% | .85% | .97% | ||||||
Expenses net of all reductions | 1.04% I | 1.04% | 1.05% | .97% | .85% | .95% | ||||||
Net investment income (loss) | 2.17% I | 3.10% | 3.05% C | 2.03% | 3.47% | 2.62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 110,297 | $ | 74,751 | $ | 6,661 | $ | 10,406 | $ | 8,495 | $ | 6,779 |
Portfolio turnover rate J | 24% I | 25% | 29% K | 36% | 47% | 55% |
Fidelity Advisor® International Value Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.66 | $ | 9.67 | $ | 6.87 | $ | 8.25 | $ | 8.14 | $ | 8.81 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .10 | .26 | .30 D | .16 | .29 | .01 | ||||||
Net realized and unrealized gain (loss) | 1.48 | (1.86) | 2.65 | (1.23) | .08 | (.68) | ||||||
Total from investment operations | 1.58 | (1.60) | 2.95 | (1.07) | .37 | (.67) | ||||||
Distributions from net investment income | (.17) | (.41) | (.15) | (.28) | (.26) | - | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | - | ||||||
Total distributions | (.17) | (.41) | (.15) | (.31) | (.26) | - | ||||||
Redemption fees added to paid in capital B | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 9.07 | $ | 7.66 | $ | 9.67 | $ | 6.87 | $ | 8.25 | $ | 8.14 |
Total Return F,G | 20.73% | (17.13)% | 43.35% | (13.58)% | 4.84% | (7.60)% | ||||||
Ratios to Average Net Assets C,H,I | ||||||||||||
Expenses before reductions | .93% J | .94% | .89% | .82% | .67% | .84% J | ||||||
Expenses net of fee waivers, if any | .89% J | .89% | .89% | .82% | .67% | .84% J | ||||||
Expenses net of all reductions | .89% J | .89% | .89% | .81% | .66% | .82% J | ||||||
Net investment income (loss) | 2.32% J | 3.25% | 3.21% D | 2.19% | 3.66% | 1.58% J | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 170,304 | $ | 118,176 | $ | 11,946 | $ | 2,549 | $ | 2,249 | $ | 92 |
Portfolio turnover rate K | 24% J | 25% | 29% L | 36% | 47% | 55% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $96,336,544 |
Gross unrealized depreciation | (34,117,831) |
Net unrealized appreciation (depreciation) | $62,218,713 |
Tax cost | $725,507,412 |
Short-term | $(27,230,182) |
Long-term | (40,066,933) |
Total capital loss carryforward | $(67,297,115) |
Purchases ($) | Sales ($) | |
Fidelity International Value Fund | 143,242,677 | 80,526,878 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $18,445 | $1,626 |
Class M | .25% | .25% | 10,492 | 119 |
Class C | .75% | .25% | 12,789 | 1,612 |
$41,726 | $3,357 |
Retained by FDC | |
Class A | $ 14,677 |
Class M | 259 |
Class C A | 261 |
$ 15,197 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $ 18,832 | .26 |
Class M | 5,398 | .26 |
Class C | 3,304 | .26 |
International Value | 395,373 | .18 |
Class I | 83,210 | .18 |
Class Z | 31,257 | .04 |
$ 537,374 |
% of Average Net Assets | |
Fidelity International Value Fund | .05 |
Amount | |
Fidelity International Value Fund | $ 63 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Value Fund | 7,939,111 | 947,480 | 71,025 |
Amount | |
Fidelity International Value Fund | $658 |
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 International Value Fund | $13,396 | $ - | $- |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $ 6,765 |
Class M | 1.55% | 1,962 |
Class C | 2.05% | 1,202 |
International Value | 1.05% | 37,336 |
Class I | 1.05% | 9,617 |
Class Z | .90% | 21,125 |
$ 78,007 |
Expense reduction | |
Class A | $ 1 |
Class M | 116 |
$ 117 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Value Fund | ||
Distributions to shareholders | ||
Class A | $ 221,998 | $431,993 |
Class M | 54,560 | 159,041 |
Class C | 19,445 | 89,688 |
International Value | 7,434,045 | 16,448,559 |
Class I | 1,572,298 | 270,723 |
Class Z | 2,600,176 | 528,869 |
Total | $ 11,902,522 | $ 17,928,873 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Value Fund | ||||
Class A | ||||
Shares sold | 304,892 | 816,905 | $2,619,401 | $7,279,150 |
Reinvestment of distributions | 26,113 | 47,745 | 219,873 | 425,405 |
Shares redeemed | (150,023) | (378,549) | (1,300,664) | (3,283,758) |
Net increase (decrease) | 180,982 | 486,101 | $1,538,610 | $4,420,797 |
Class M | ||||
Shares sold | 56,790 | 71,311 | $487,769 | $629,674 |
Reinvestment of distributions | 6,304 | 17,121 | 53,141 | 152,718 |
Shares redeemed | (28,774) | (84,453) | (246,279) | (750,679) |
Net increase (decrease) | 34,320 | 3,979 | $294,631 | $31,713 |
Class C | ||||
Shares sold | 57,840 | 59,969 | $510,858 | $543,223 |
Reinvestment of distributions | 2,290 | 9,999 | 19,445 | 89,688 |
Shares redeemed | (62,490) | (114,149) | (550,426) | (968,490) |
Net increase (decrease) | (2,360) | (44,181) | $(20,123) | $(335,579) |
International Value | ||||
Shares sold | 9,407,284 | 32,895,367 | $82,461,569 | $280,320,847 |
Reinvestment of distributions | 764,993 | 1,569,596 | 6,441,242 | 13,969,404 |
Shares redeemed | (7,607,541) | (24,973,804) | (65,959,160) | (203,231,278) |
Net increase (decrease) | 2,564,736 | 9,491,159 | $22,943,651 | $91,058,973 |
Class I | ||||
Shares sold | 3,570,993 | 11,031,616 | $31,346,113 | $92,417,643 |
Reinvestment of distributions | 184,152 | 29,506 | 1,552,405 | 263,195 |
Shares redeemed | (1,359,207) | (1,992,300) | (11,790,240) | (15,704,798) |
Net increase (decrease) | 2,395,938 | 9,068,822 | $21,108,278 | $76,976,040 |
Class Z | ||||
Shares sold | 5,002,252 | 17,947,816 | $43,497,494 | $150,148,371 |
Reinvestment of distributions | 273,689 | 56,409 | 2,304,458 | 502,041 |
Shares redeemed | (1,933,905) | (3,811,522) | (16,773,541) | (31,174,409) |
Net increase (decrease) | 3,342,036 | 14,192,703 | $29,028,411 | $119,476,003 |
Fund | % of shares held |
Fidelity International Value Fund | 21% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Value Fund | ||||||||||
Class A | 1.30% | |||||||||
Actual | $ 1,000 | $ 1,205.20 | $ 7.11 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.35 | $ 6.51 | |||||||
Class M | 1.55% | |||||||||
Actual | $ 1,000 | $ 1,203.80 | $ 8.47 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.11 | $ 7.75 | |||||||
Class C | 2.05% | |||||||||
Actual | $ 1,000 | $ 1,200.40 | $ 11.18 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.63 | $ 10.24 | |||||||
Fidelity® International Value Fund | 1.05% | |||||||||
Actual | $ 1,000 | $ 1,206.30 | $ 5.74 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.59 | $ 5.26 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,207.60 | $ 5.69 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.64 | $ 5.21 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 1,207.30 | $ 4.87 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.38 | $ 4.46 | |||||||
- 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) | ||
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 5.1 | |
Microsoft Corp. (United States of America, Software) | 4.4 | |
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels) | 1.9 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.9 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 1.8 | |
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services) | 1.6 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.6 | |
Linde PLC (United States of America, Chemicals) | 1.6 | |
JPMorgan Chase & Co. (United States of America, Banks) | 1.5 | |
AstraZeneca PLC sponsored ADR (United Kingdom, Pharmaceuticals) | 1.5 | |
22.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.0 | |
Health Care | 13.9 | |
Consumer Staples | 12.7 | |
Financials | 10.3 | |
Industrials | 8.5 | |
Consumer Discretionary | 7.6 | |
Communication Services | 7.3 | |
Energy | 5.2 | |
Materials | 5.0 | |
Utilities | 3.5 | |
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 - 94.2% | |||
Shares | Value ($) | ||
Belgium - 0.6% | |||
KBC Group NV | 9,400 | 670,982 | |
UCB SA | 3,631 | 337,764 | |
TOTAL BELGIUM | 1,008,746 | ||
Brazil - 0.7% | |||
Equatorial Energia SA | 225,960 | 1,238,571 | |
Canada - 3.3% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 46,270 | 2,309,316 | |
Canadian Natural Resources Ltd. | 19,936 | 1,214,833 | |
Constellation Software, Inc. | 362 | 708,535 | |
Imperial Oil Ltd. | 19,961 | 1,017,461 | |
Lumine Group, Inc. | 1,086 | 14,629 | |
Nutrien Ltd. | 4,129 | 286,441 | |
TOTAL CANADA | 5,551,215 | ||
China - 1.8% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 3,133 | 799,399 | |
NXP Semiconductors NV | 11,912 | 1,950,471 | |
SITC International Holdings Co. Ltd. | 183,884 | 340,127 | |
TOTAL CHINA | 3,089,997 | ||
Denmark - 0.7% | |||
A.P. Moller - Maersk A/S Series B | 241 | 435,620 | |
DSV A/S | 4,147 | 778,884 | |
TOTAL DENMARK | 1,214,504 | ||
Finland - 1.4% | |||
Elisa Corp. (A Shares) | 32,061 | 1,989,674 | |
Neste OYJ | 7,706 | 373,105 | |
TOTAL FINLAND | 2,362,779 | ||
France - 4.4% | |||
Airbus Group NV | 6,773 | 948,455 | |
Capgemini SA | 5,388 | 979,017 | |
Edenred SA | 23,594 | 1,531,816 | |
LVMH Moet Hennessy Louis Vuitton SE | 2,792 | 2,685,573 | |
Teleperformance | 1,947 | 387,888 | |
VINCI SA | 6,328 | 782,351 | |
TOTAL FRANCE | 7,315,100 | ||
Germany - 1.9% | |||
Deutsche Telekom AG | 55,083 | 1,328,148 | |
Rheinmetall AG | 3,085 | 902,530 | |
Siemens AG | 6,100 | 1,005,477 | |
TOTAL GERMANY | 3,236,155 | ||
Hong Kong - 1.0% | |||
AIA Group Ltd. | 117,413 | 1,278,284 | |
HKBN Ltd. | 448,630 | 316,577 | |
TOTAL HONG KONG | 1,594,861 | ||
India - 0.7% | |||
HDFC Bank Ltd. sponsored ADR | 5,839 | 407,562 | |
Redington (India) Ltd. | 120,572 | 249,544 | |
Reliance Industries Ltd. | 19,987 | 594,183 | |
TOTAL INDIA | 1,251,289 | ||
Japan - 6.1% | |||
Capcom Co. Ltd. | 19,124 | 718,634 | |
Daiichikosho Co. Ltd. | 71,972 | 1,290,330 | |
FUJIFILM Holdings Corp. | 5,938 | 309,488 | |
Hitachi Ltd. | 13,948 | 771,529 | |
Hoya Corp. | 11,203 | 1,174,691 | |
Inaba Denki Sangyo Co. Ltd. | 51,961 | 1,160,599 | |
Minebea Mitsumi, Inc. | 31,666 | 586,411 | |
Renesas Electronics Corp. (a) | 47,482 | 618,807 | |
Roland Corp. | 17,640 | 528,775 | |
Shin-Etsu Chemical Co. Ltd. | 25,975 | 741,218 | |
Sony Group Corp. | 18,172 | 1,644,089 | |
Toyota Motor Corp. | 51,623 | 708,786 | |
TOTAL JAPAN | 10,253,357 | ||
Kenya - 0.3% | |||
Safaricom Ltd. | 3,575,246 | 433,761 | |
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 33,185 | 1,633,485 | |
South Africa - 0.4% | |||
Anglo American PLC (United Kingdom) | 22,717 | 700,006 | |
Sweden - 0.3% | |||
HEXPOL AB (B Shares) | 48,826 | 574,673 | |
Switzerland - 0.5% | |||
Sika AG | 3,049 | 842,204 | |
Taiwan - 2.3% | |||
MediaTek, Inc. | 31,796 | 690,884 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 188,877 | 3,090,811 | |
TOTAL TAIWAN | 3,781,695 | ||
United Kingdom - 6.3% | |||
AstraZeneca PLC sponsored ADR | 34,793 | 2,547,543 | |
B&M European Value Retail SA | 170,488 | 1,027,809 | |
BAE Systems PLC | 56,020 | 713,694 | |
Compass Group PLC | 43,648 | 1,151,476 | |
Diageo PLC | 25,579 | 1,166,814 | |
JD Sports Fashion PLC | 272,197 | 550,926 | |
RELX PLC (London Stock Exchange) | 35,801 | 1,190,512 | |
RS GROUP PLC | 51,887 | 600,836 | |
Starling Bank Ltd. Series D (a)(b)(c) | 62,800 | 238,350 | |
Unilever PLC | 15,741 | 876,492 | |
WH Smith PLC | 25,717 | 508,714 | |
TOTAL UNITED KINGDOM | 10,573,166 | ||
United States of America - 60.5% | |||
AbbVie, Inc. | 10,319 | 1,559,407 | |
Accenture PLC Class A | 7,950 | 2,228,306 | |
Activision Blizzard, Inc. | 13,312 | 1,034,476 | |
Albertsons Companies, Inc. | 15,339 | 320,585 | |
Altria Group, Inc. | 8,200 | 389,582 | |
Amdocs Ltd. | 17,648 | 1,610,380 | |
Ameren Corp. | 11,854 | 1,054,650 | |
American Tower Corp. | 3,623 | 740,505 | |
Amgen, Inc. | 5,571 | 1,335,592 | |
Apple, Inc. | 50,465 | 8,562,902 | |
AT&T, Inc. | 20,483 | 361,935 | |
Ball Corp. | 6,100 | 324,398 | |
Bank of America Corp. | 69,186 | 2,025,766 | |
BJ's Wholesale Club Holdings, Inc. (a) | 16,537 | 1,262,931 | |
Bristol-Myers Squibb Co. | 18,107 | 1,209,004 | |
Capital One Financial Corp. | 12,263 | 1,193,190 | |
Chubb Ltd. | 5,537 | 1,116,038 | |
Cisco Systems, Inc. | 39,873 | 1,883,999 | |
Comcast Corp. Class A | 34,197 | 1,414,730 | |
Costco Wholesale Corp. | 2,140 | 1,076,891 | |
Crane Co. | 3,993 | 287,776 | |
Crane Nxt Co. | 3,993 | 189,108 | |
Crown Holdings, Inc. | 11,112 | 953,187 | |
Danaher Corp. | 9,337 | 2,212,029 | |
Dollar Tree, Inc. (a) | 11,985 | 1,842,214 | |
Dominion Energy, Inc. | 11,001 | 628,597 | |
Eli Lilly & Co. | 7,600 | 3,008,536 | |
Experian PLC | 9,442 | 334,293 | |
Exxon Mobil Corp. | 26,432 | 3,127,963 | |
Freeport-McMoRan, Inc. | 33,473 | 1,268,961 | |
GE Healthcare Holding LLC | 4,385 | 356,676 | |
General Electric Co. | 13,456 | 1,331,740 | |
Gilead Sciences, Inc. | 15,800 | 1,298,918 | |
H&R Block, Inc. | 21,814 | 739,713 | |
Hartford Financial Services Group, Inc. | 7,921 | 562,312 | |
Hess Corp. | 6,990 | 1,013,969 | |
Johnson Controls International PLC | 9,742 | 582,961 | |
JPMorgan Chase & Co. | 18,631 | 2,575,549 | |
Keurig Dr. Pepper, Inc. | 25,716 | 840,913 | |
Lamar Advertising Co. Class A | 13,017 | 1,375,637 | |
Linde PLC | 7,198 | 2,659,301 | |
M&T Bank Corp. | 6,593 | 829,399 | |
McDonald's Corp. | 5,236 | 1,548,547 | |
Merck & Co., Inc. | 15,027 | 1,735,168 | |
Microsoft Corp. | 24,327 | 7,474,714 | |
Mondelez International, Inc. | 17,574 | 1,348,277 | |
MSCI, Inc. | 927 | 447,231 | |
Nestle SA (Reg. S) | 13,078 | 1,677,771 | |
NextEra Energy, Inc. | 16,858 | 1,291,829 | |
PG&E Corp. (a) | 17,858 | 305,550 | |
Philip Morris International, Inc. | 9,869 | 986,604 | |
Phillips 66 Co. | 6,985 | 691,515 | |
PNC Financial Services Group, Inc. | 11,238 | 1,463,750 | |
Procter & Gamble Co. | 12,014 | 1,878,749 | |
Roche Holding AG (participation certificate) | 7,760 | 2,429,968 | |
Sanofi SA | 16,195 | 1,745,307 | |
T-Mobile U.S., Inc. (a) | 14,098 | 2,028,702 | |
Target Corp. | 5,301 | 836,233 | |
The Coca-Cola Co. | 27,564 | 1,768,231 | |
The Travelers Companies, Inc. | 7,285 | 1,319,605 | |
TJX Companies, Inc. | 24,006 | 1,892,153 | |
United Parcel Service, Inc. Class B | 4,501 | 809,325 | |
UnitedHealth Group, Inc. | 5,620 | 2,765,546 | |
Valero Energy Corp. | 5,176 | 593,532 | |
Verizon Communications, Inc. | 36,377 | 1,412,519 | |
Vistra Corp. | 33,850 | 807,661 | |
Walmart, Inc. | 12,031 | 1,816,320 | |
WEC Energy Group, Inc. | 5,550 | 533,744 | |
Wells Fargo & Co. | 38,754 | 1,540,472 | |
TOTAL UNITED STATES OF AMERICA | 101,874,042 | ||
Zambia - 0.0% | |||
First Quantum Minerals Ltd. | 300 | 7,289 | |
TOTAL COMMON STOCKS (Cost $129,676,344) | 158,536,895 | ||
Money Market Funds - 5.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) (Cost $9,411,300) | 9,409,418 | 9,411,300 | |
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $139,087,644) | 167,948,195 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 375,753 |
NET ASSETS - 100.0% | 168,323,948 |
(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 $238,350 or 0.1% of net assets. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 130,682 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 4,132,184 | 32,902,599 | 27,623,483 | 172,864 | - | - | 9,411,300 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | - | 1,589,043 | 1,589,043 | 21 | - | - | - | 0.0% |
Total | 4,132,184 | 34,491,642 | 29,212,526 | 172,885 | - | - | 9,411,300 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 12,329,486 | 8,675,797 | 3,653,689 | - |
Consumer Discretionary | 12,986,561 | 6,267,862 | 6,718,699 | - |
Consumer Staples | 21,197,322 | 16,676,846 | 4,520,476 | - |
Energy | 8,626,561 | 8,032,378 | 594,183 | - |
Financials | 17,200,306 | 15,683,672 | 1,278,284 | 238,350 |
Health Care | 23,716,149 | 18,366,183 | 5,349,966 | - |
Industrials | 14,140,116 | 7,843,911 | 6,296,205 | - |
Information Technology | 32,005,972 | 25,412,953 | 6,593,019 | - |
Materials | 8,357,678 | 6,074,250 | 2,283,428 | - |
Real Estate | 2,116,142 | 2,116,142 | - | - |
Utilities | 5,860,602 | 5,860,602 | - | - |
Money Market Funds | 9,411,300 | 9,411,300 | - | - |
Total Investments in Securities: | 167,948,195 | 130,421,896 | 37,287,949 | 238,350 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $129,676,344) | $ | 158,536,895 | ||
Fidelity Central Funds (cost $9,411,300) | 9,411,300 | |||
Total Investment in Securities (cost $139,087,644) | $ | 167,948,195 | ||
Cash | 55,757 | |||
Foreign currency held at value (cost $28,204) | 27,398 | |||
Receivable for fund shares sold | 103,082 | |||
Dividends receivable | 273,878 | |||
Reclaims receivable | 164,784 | |||
Distributions receivable from Fidelity Central Funds | 35,564 | |||
Prepaid expenses | 80 | |||
Other receivables | 444 | |||
Total assets | 168,609,182 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,287 | ||
Payable for fund shares redeemed | 94,959 | |||
Accrued management fee | 94,147 | |||
Transfer agent fee payable | 23,701 | |||
Other affiliated payables | 6,940 | |||
Other payables and accrued expenses | 58,200 | |||
Total Liabilities | 285,234 | |||
Net Assets | $ | 168,323,948 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 149,657,514 | ||
Total accumulated earnings (loss) | 18,666,434 | |||
Net Assets | $ | 168,323,948 | ||
Net Asset Value , offering price and redemption price per share ($168,323,948 ÷ 9,838,850 shares) | $ | 17.11 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,977,243 | ||
Income from Fidelity Central Funds (including $21 from security lending) | 172,885 | |||
Income before foreign taxes withheld | $ | 2,150,128 | ||
Less foreign taxes withheld | (110,967) | |||
Total Income | 2,039,161 | |||
Expenses | ||||
Management fee | $ | 532,387 | ||
Transfer agent fees | 151,581 | |||
Accounting fees | 39,200 | |||
Custodian fees and expenses | 11,773 | |||
Independent trustees' fees and expenses | 505 | |||
Registration fees | 21,225 | |||
Audit | 44,397 | |||
Legal | 317 | |||
Miscellaneous | 392 | |||
Total expenses before reductions | 801,777 | |||
Expense reductions | (3,699) | |||
Total expenses after reductions | 798,078 | |||
Net Investment income (loss) | 1,241,083 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (480,932) | |||
Foreign currency transactions | (21,326) | |||
Total net realized gain (loss) | (502,258) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $7,232) | 14,213,778 | |||
Assets and liabilities in foreign currencies | 10,196 | |||
Total change in net unrealized appreciation (depreciation) | 14,223,974 | |||
Net gain (loss) | 13,721,716 | |||
Net increase (decrease) in net assets resulting from operations | $ | 14,962,799 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,241,083 | $ | 2,066,441 |
Net realized gain (loss) | (502,258) | (10,168,014) | ||
Change in net unrealized appreciation (depreciation) | 14,223,974 | (14,280,757) | ||
Net increase (decrease) in net assets resulting from operations | 14,962,799 | (22,382,330) | ||
Distributions to shareholders | (881,894) | (11,336,009) | ||
Share transactions | ||||
Proceeds from sales of shares | 44,362,002 | 189,149,366 | ||
Reinvestment of distributions | 788,346 | 10,521,484 | ||
Cost of shares redeemed | (30,262,337) | (119,515,550) | ||
Net increase (decrease) in net assets resulting from share transactions | 14,888,011 | 80,155,300 | ||
Total increase (decrease) in net assets | 28,968,916 | 46,436,961 | ||
Net Assets | ||||
Beginning of period | 139,355,032 | 92,918,071 | ||
End of period | $ | 168,323,948 | $ | 139,355,032 |
Other Information | ||||
Shares | ||||
Sold | 2,693,788 | 10,942,111 | ||
Issued in reinvestment of distributions | 47,780 | 597,381 | ||
Redeemed | (1,846,999) | (7,288,853) | ||
Net increase (decrease) | 894,569 | 4,250,639 | ||
Fidelity® Global Equity Income Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.58 | $ | 19.80 | $ | 15.12 | $ | 14.64 | $ | 13.53 | $ | 14.21 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .20 | .15 | .16 | .23 | .25 | ||||||
Net realized and unrealized gain (loss) | 1.49 | (2.21) | 5.07 | .48 | 1.63 | (.50) | ||||||
Total from investment operations | 1.62 | (2.01) | 5.22 | .64 | 1.86 | (.25) | ||||||
Distributions from net investment income | (.09) | (.17) | (.16) | (.15) | (.24) | (.25) | ||||||
Distributions from net realized gain | - | (2.04) | (.38) | (.01) | (.51) | (.18) | ||||||
Total distributions | (.09) | (2.21) | (.54) | (.16) | (.75) | (.43) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 17.11 | $ | 15.58 | $ | 19.80 | $ | 15.12 | $ | 14.64 | $ | 13.53 |
Total Return D,E | 10.43% | (11.45)% | 35.09% | 4.44% | 14.60% | (1.88)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.02% H | .98% | 1.02% | 1.09% | 1.09% | 1.06% | ||||||
Expenses net of fee waivers, if any | 1.02% H | .98% | 1.02% | 1.09% | 1.09% | 1.06% | ||||||
Expenses net of all reductions | 1.02% H | .98% | 1.02% | 1.09% | 1.08% | 1.05% | ||||||
Net investment income (loss) | 1.58% H | 1.22% | .84% | 1.08% | 1.72% | 1.75% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 168,324 | $ | 139,355 | $ | 92,918 | $ | 66,715 | $ | 67,764 | $ | 68,532 |
Portfolio turnover rate I | 32% H | 61% | 43% | 48% | 20% J | 34% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $35,328,823 |
Gross unrealized depreciation | (7,367,607) |
Net unrealized appreciation (depreciation) | $27,961,216 |
Tax cost | $139,986,979 |
Short-term | $(9,095,365) |
Long-term | (477,434) |
Total capital loss carryforward | $(9,572,799) |
Purchases ($) | Sales ($) | |
Fidelity Global Equity Income Fund | 33,469,670 | 24,070,237 |
% of Average Net Assets | |
Fidelity Global Equity Income Fund | .05 |
Amount | |
Fidelity Global Equity Income Fund | $215 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Global Equity Income Fund | 2,633,613 | 5,505,028 | 14,159 |
Amount | |
Fidelity Global Equity Income Fund | $151 |
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 Global Equity Income Fund | $2 | $- | $- |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Global Equity Income Fund | 1.02% | |||||||||
Actual | $ 1,000 | $ 1,104.30 | $ 5.32 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.74 | $ 5.11 | |||||||
- 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) | ||
Cyient Ltd. (India, Software) | 1.5 | |
Grupo Comercial Chedraui S.A.B. de CV (Mexico, Consumer Staples Distribution & Retail) | 1.4 | |
Db Insurance Co. Ltd. (Korea (South), Insurance) | 1.4 | |
Aldar Properties PJSC (United Arab Emirates, Real Estate Management & Development) | 1.4 | |
Saudi Airlines Catering Co. (Saudi Arabia, Commercial Services & Supplies) | 1.4 | |
Unimicron Technology Corp. (Taiwan, Electronic Equipment, Instruments & Components) | 1.4 | |
Bupa Arabia for Cooperative Insurance Co. (Saudi Arabia, Insurance) | 1.3 | |
China Communications Services Corp. Ltd. (H Shares) (China, Construction & Engineering) | 1.3 | |
Indian Energy Exchange Ltd. (India, Capital Markets) | 1.3 | |
Chailease Holding Co. Ltd. (Taiwan, Financial Services) | 1.2 | |
13.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.0 | |
Financials | 16.4 | |
Consumer Discretionary | 12.2 | |
Health Care | 9.7 | |
Information Technology | 9.0 | |
Consumer Staples | 8.4 | |
Real Estate | 6.3 | |
Utilities | 4.6 | |
Energy | 3.4 | |
Materials | 3.1 | |
Communication Services | 3.0 | |
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 - 97.1% | |||
Shares | Value ($) | ||
Brazil - 10.7% | |||
Afya Ltd. (a) | 493,451 | 5,679,621 | |
Enauta Participacoes SA | 2,573,107 | 5,958,416 | |
Equatorial Energia SA | 1,238,982 | 6,791,324 | |
Hypera SA | 1,091,820 | 8,153,955 | |
Localiza Rent a Car SA | 621,858 | 7,232,444 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 2,598 | 8,938 | |
LOG Commercial Properties e Participacoes SA | 2,132,152 | 7,006,290 | |
Lojas Renner SA | 2,669,400 | 8,477,344 | |
Orizon Valorizacao de Residuos SA (a) | 1,041,450 | 7,099,182 | |
Rumo SA | 1,774,748 | 7,009,611 | |
Suzano Papel e Celulose SA | 170,679 | 1,361,928 | |
XP, Inc. Class A (a) | 513,484 | 7,337,686 | |
TOTAL BRAZIL | 72,116,739 | ||
Chile - 0.8% | |||
Banco de Chile sponsored ADR | 264,574 | 5,608,969 | |
China - 20.3% | |||
China Communications Services Corp. Ltd. (H Shares) | 15,779,710 | 8,646,724 | |
China Merchants Holdings International Co. Ltd. | 2,836,001 | 4,208,122 | |
China Resources Beer Holdings Co. Ltd. | 756,709 | 5,845,412 | |
Far East Horizon Ltd. | 7,591,889 | 6,829,832 | |
Far East Horizon Ltd. rights (a) | 63,797 | 1 | |
Fu Shou Yuan International Group Ltd. | 8,791,263 | 7,134,471 | |
Guangdong Investment Ltd. | 6,755,352 | 6,457,959 | |
Haier Smart Home Co. Ltd. (A Shares) | 2,074,174 | 7,131,823 | |
Haitian International Holdings Ltd. | 2,612,033 | 6,786,798 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 3,288,241 | 5,998,748 | |
Innovent Biologics, Inc. (a)(b) | 1,543,542 | 7,421,462 | |
New Horizon Health Ltd. (a)(b) | 2,178,616 | 7,818,052 | |
Pharmaron Beijing Co. Ltd. (H Shares) (b) | 1,568,129 | 6,798,494 | |
Shenzhen Expressway Co. Ltd. (H Shares) | 6,804,247 | 6,344,330 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 14,421,878 | 7,478,638 | |
Sinopharm Group Co. Ltd. (H Shares) | 1,623,402 | 5,750,542 | |
Sinotruk Hong Kong Ltd. | 4,428,449 | 6,767,740 | |
Tongdao Liepin Group (a)(c) | 5,259,954 | 6,739,295 | |
TravelSky Technology Ltd. (H Shares) | 3,103,295 | 6,194,574 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 563,205 | 6,029,465 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 3,937,710 | 5,512,725 | |
Zai Lab Ltd. (a) | 1,612,533 | 5,645,640 | |
TOTAL CHINA | 137,540,847 | ||
Georgia - 1.0% | |||
Bank of Georgia Group PLC | 180,694 | 6,721,781 | |
Hong Kong - 1.6% | |||
ASMPT Ltd. | 713,602 | 5,610,453 | |
WH Group Ltd. (b) | 9,634,172 | 5,363,717 | |
TOTAL HONG KONG | 10,974,170 | ||
Hungary - 1.1% | |||
Richter Gedeon PLC | 310,452 | 7,491,893 | |
India - 16.6% | |||
Bharat Electronics Ltd. | 5,277,369 | 6,690,674 | |
Computer Age Management Services Private Ltd. | 251,797 | 6,371,646 | |
Cyient Ltd. | 717,692 | 10,389,690 | |
Deccan Cements Ltd. | 588,601 | 3,237,567 | |
Eicher Motors Ltd. | 185,350 | 7,513,540 | |
Embassy Office Parks (REIT) | 1,343,343 | 5,421,333 | |
Hindustan Aeronautics Ltd. | 211,499 | 7,582,030 | |
Indian Energy Exchange Ltd. (a)(b) | 4,437,652 | 8,533,483 | |
Indraprastha Gas Ltd. | 931,553 | 5,663,878 | |
Indus Towers Ltd. | 2,770,855 | 5,270,577 | |
ITC Ltd. | 1,525,123 | 7,961,544 | |
Mahanagar Gas Ltd. | 456,130 | 5,640,861 | |
Manappuram General Finance & Leasing Ltd. | 827,372 | 1,318,657 | |
Oberoi Realty Ltd. | 507,692 | 5,704,400 | |
Petronet LNG Ltd. | 2,043,681 | 5,942,061 | |
Power Grid Corp. of India Ltd. | 2,216,658 | 6,452,416 | |
Shriram Transport Finance Co. Ltd. | 456,229 | 7,464,098 | |
Torrent Pharmaceuticals Ltd. | 253,945 | 5,146,513 | |
TOTAL INDIA | 112,304,968 | ||
Indonesia - 1.8% | |||
First Resources Ltd. | 6,046,634 | 6,971,065 | |
PT United Tractors Tbk | 2,689,975 | 5,310,216 | |
TOTAL INDONESIA | 12,281,281 | ||
Korea (South) - 8.1% | |||
Coway Co. Ltd. | 133,952 | 4,920,190 | |
Db Insurance Co. Ltd. | 152,022 | 9,560,130 | |
Fila Holdings Corp. | 175,328 | 4,817,566 | |
Hanon Systems | 905,245 | 6,225,264 | |
Hansol Chemical Co. Ltd. | 35,693 | 5,951,732 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 290,488 | 8,164,182 | |
LG Corp. | 94,630 | 6,196,136 | |
SaraminHR Co. Ltd. | 240,505 | 4,107,080 | |
Soulbrain Co. Ltd. | 29,488 | 4,854,062 | |
TOTAL KOREA (SOUTH) | 54,796,342 | ||
Malaysia - 0.0% | |||
Scientex Bhd warrants 1/14/26 (a) | 130,640 | 17,236 | |
Mexico - 9.4% | |||
Becle S.A.B. de CV | 2,655,233 | 6,128,767 | |
FIBRA Macquarie Mexican (REIT) (b) | 3,143,453 | 5,168,134 | |
Fibra Uno Administracion SA de CV | 3,690,642 | 5,098,893 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 392,232 | 6,978,564 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 28,763 | 8,235,422 | |
Grupo Aeroportuario Norte S.A.B. de CV | 657,135 | 7,223,569 | |
Grupo Comercial Chedraui S.A.B. de CV | 1,655,771 | 9,787,555 | |
Qualitas Controladora S.A.B. de CV | 1,206,247 | 7,973,662 | |
Regional S.A.B. de CV | 916,231 | 6,709,872 | |
TOTAL MEXICO | 63,304,438 | ||
Peru - 0.7% | |||
Credicorp Ltd. (United States) | 33,062 | 4,479,240 | |
Philippines - 0.7% | |||
Robinsons Land Corp. | 18,533,074 | 4,827,059 | |
Poland - 1.2% | |||
Dino Polska SA (a)(b) | 78,480 | 7,983,574 | |
Russia - 0.1% | |||
Etalon Group PLC GDR (Reg. S) (a)(d) | 167,549 | 13,330 | |
LSR Group OJSC (a)(d) | 67,346 | 78,819 | |
TCS Group Holding PLC GDR (a)(d) | 59,253 | 87,785 | |
X5 Retail Group NV GDR (Reg. S) (a)(d) | 101,790 | 773,604 | |
TOTAL RUSSIA | 953,538 | ||
Saudi Arabia - 2.7% | |||
Bupa Arabia for Cooperative Insurance Co. | 194,157 | 9,131,441 | |
Saudi Airlines Catering Co. | 371,570 | 9,401,443 | |
TOTAL SAUDI ARABIA | 18,532,884 | ||
South Africa - 3.4% | |||
Bidvest Group Ltd./The | 452,811 | 6,202,094 | |
FirstRand Ltd. | 1,544,724 | 5,434,929 | |
Impala Platinum Holdings Ltd. | 507,443 | 4,940,365 | |
Mr Price Group Ltd. | 751,646 | 6,180,817 | |
TOTAL SOUTH AFRICA | 22,758,205 | ||
Taiwan - 11.6% | |||
BizLink Holding, Inc. | 786,180 | 6,747,497 | |
BizLink Holding, Inc. rights 5/8/23 (a) | 20,086 | 21,546 | |
Chailease Holding Co. Ltd. | 1,167,798 | 8,499,279 | |
Cleanaway Co. Ltd. | 869,646 | 5,319,698 | |
International Games Systems Co. Ltd. | 458,818 | 8,007,400 | |
King Slide Works Co. Ltd. | 481,199 | 6,476,449 | |
Makalot Industrial Co. Ltd. | 820,843 | 5,957,416 | |
Poya International Co. Ltd. | 363,258 | 6,794,368 | |
Realtek Semiconductor Corp. | 507,617 | 5,948,650 | |
Unimicron Technology Corp. | 1,941,508 | 9,218,328 | |
Wiwynn Corp. | 213,768 | 8,129,606 | |
Yageo Corp. | 471,670 | 7,640,876 | |
TOTAL TAIWAN | 78,761,113 | ||
Thailand - 0.0% | |||
Siam Global House PCL (For. Reg.) | 160,574 | 80,645 | |
Turkey - 0.8% | |||
Mavi Jeans Class B (b) | 1,035,719 | 5,585,529 | |
United Arab Emirates - 2.5% | |||
Aldar Properties PJSC | 6,474,320 | 9,520,281 | |
Emirates NBD Bank PJSC (a) | 1,860,810 | 7,144,683 | |
TOTAL UNITED ARAB EMIRATES | 16,664,964 | ||
United States of America - 1.9% | |||
Parade Technologies Ltd. | 247,154 | 7,564,428 | |
Tenaris SA sponsored ADR (c) | 192,836 | 5,536,322 | |
TOTAL UNITED STATES OF AMERICA | 13,100,750 | ||
Vietnam - 0.1% | |||
FPT Corp. | 196,215 | 649,645 | |
TOTAL COMMON STOCKS (Cost $616,805,696) | 657,535,810 | ||
Money Market Funds - 3.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) | 14,601,636 | 14,604,556 | |
Fidelity Securities Lending Cash Central Fund 4.88% (e)(f) | 6,164,384 | 6,165,000 | |
TOTAL MONEY MARKET FUNDS (Cost $20,769,556) | 20,769,556 | ||
TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $637,575,252) | 678,305,366 |
NET OTHER ASSETS (LIABILITIES) - (0.2)% | (1,501,361) |
NET ASSETS - 100.0% | 676,804,005 |
(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 $66,183,918 or 9.8% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 16,540,486 | 143,917,417 | 145,853,347 | 669,063 | - | - | 14,604,556 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 1,598,400 | 49,833,702 | 45,267,102 | 62,624 | - | - | 6,165,000 | 0.0% |
Total | 18,138,886 | 193,751,119 | 191,120,449 | 731,687 | - | - | 20,769,556 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 20,017,272 | - | 20,017,272 | - |
Consumer Discretionary | 82,693,168 | 25,923,311 | 56,769,857 | - |
Consumer Staples | 56,844,703 | 23,899,896 | 32,171,203 | 773,604 |
Energy | 22,747,015 | 11,494,738 | 11,252,277 | - |
Financials | 110,999,710 | 60,542,263 | 50,369,662 | 87,785 |
Health Care | 65,738,024 | 15,645,848 | 50,092,176 | - |
Industrials | 142,659,926 | 59,391,267 | 83,268,659 | - |
Information Technology | 61,628,125 | - | 61,628,125 | - |
Materials | 20,362,890 | 1,361,928 | 19,000,962 | - |
Real Estate | 42,838,539 | 26,793,598 | 15,952,792 | 92,149 |
Utilities | 31,006,438 | 6,791,324 | 24,215,114 | - |
Money Market Funds | 20,769,556 | 20,769,556 | - | - |
Total Investments in Securities: | 678,305,366 | 252,613,729 | 424,738,099 | 953,538 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $6,093,129) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $616,805,696) | $ | 657,535,810 | ||
Fidelity Central Funds (cost $20,769,556) | 20,769,556 | |||
Total Investment in Securities (cost $637,575,252) | $ | 678,305,366 | ||
Foreign currency held at value (cost $7,562,899) | 7,583,108 | |||
Receivable for investments sold | 5,666,069 | |||
Receivable for fund shares sold | 809,212 | |||
Dividends receivable | 1,150,983 | |||
Distributions receivable from Fidelity Central Funds | 144,475 | |||
Prepaid expenses | 146 | |||
Other receivables | 116,366 | |||
Total assets | 693,775,725 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,106,359 | ||
Payable for fund shares redeemed | 503,902 | |||
Accrued management fee | 447,051 | |||
Distribution and service plan fees payable | 9,425 | |||
Other affiliated payables | 116,734 | |||
Deferred taxes | 2,528,899 | |||
Other payables and accrued expenses | 94,350 | |||
Collateral on securities loaned | 6,165,000 | |||
Total Liabilities | 16,971,720 | |||
Net Assets | $ | 676,804,005 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 649,851,402 | ||
Total accumulated earnings (loss) | 26,952,603 | |||
Net Assets | $ | 676,804,005 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($20,684,222 ÷ 1,389,651 shares) (a) | $ | 14.88 | ||
Maximum offering price per share (100/94.25 of $14.88) | $ | 15.79 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($5,721,853 ÷ 384,953 shares) (a) | $ | 14.86 | ||
Maximum offering price per share (100/96.50 of $14.86) | $ | 15.40 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,568,896 ÷ 246,633 shares) (a) | $ | 14.47 | ||
Emerging Markets Discovery : | ||||
Net Asset Value , offering price and redemption price per share ($321,830,639 ÷ 21,492,914 shares) | $ | 14.97 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($251,795,559 ÷ 16,766,478 shares) | $ | 15.02 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($73,202,836 ÷ 4,885,445 shares) | $ | 14.98 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 8,578,030 | ||
Interest | 155 | |||
Income from Fidelity Central Funds (including $62,624 from security lending) | 731,687 | |||
Income before foreign taxes withheld | $ | 9,309,872 | ||
Less foreign taxes withheld | (1,288,962) | |||
Total Income | 8,020,910 | |||
Expenses | ||||
Management fee | $ | 2,364,306 | ||
Transfer agent fees | 509,395 | |||
Distribution and service plan fees | 53,733 | |||
Accounting fees | 138,580 | |||
Custodian fees and expenses | 92,086 | |||
Independent trustees' fees and expenses | 1,499 | |||
Registration fees | 58,641 | |||
Audit | 50,432 | |||
Legal | 578 | |||
Miscellaneous | 967 | |||
Total expenses before reductions | 3,270,217 | |||
Expense reductions | (13,774) | |||
Total expenses after reductions | 3,256,443 | |||
Net Investment income (loss) | 4,764,467 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $159,253) | (3,745,606) | |||
Foreign currency transactions | (135,075) | |||
Total net realized gain (loss) | (3,880,681) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $781,625) | 79,831,341 | |||
Assets and liabilities in foreign currencies | 38,859 | |||
Total change in net unrealized appreciation (depreciation) | 79,870,200 | |||
Net gain (loss) | 75,989,519 | |||
Net increase (decrease) in net assets resulting from operations | $ | 80,753,986 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,764,467 | $ | 8,469,843 |
Net realized gain (loss) | (3,880,681) | (5,961,108) | ||
Change in net unrealized appreciation (depreciation) | 79,870,200 | (86,323,295) | ||
Net increase (decrease) in net assets resulting from operations | 80,753,986 | (83,814,560) | ||
Distributions to shareholders | (8,639,871) | (35,200,802) | ||
Share transactions - net increase (decrease) | 173,593,042 | 193,227,559 | ||
Total increase (decrease) in net assets | 245,707,157 | 74,212,197 | ||
Net Assets | ||||
Beginning of period | 431,096,848 | 356,884,651 | ||
End of period | $ | 676,804,005 | $ | 431,096,848 |
Fidelity Advisor® Emerging Markets Discovery Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.89 | $ | 18.36 | $ | 13.93 | $ | 13.66 | $ | 12.01 | $ | 15.03 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .31 | .11 | .04 | .13 | .18 | ||||||
Net realized and unrealized gain (loss) | 2.09 | (3.92) | 4.37 | .34 | 1.71 | (2.89) | ||||||
Total from investment operations | 2.19 | (3.61) | 4.48 | .38 | 1.84 | (2.71) | ||||||
Distributions from net investment income | (.20) | (.37) | (.05) | (.11) | (.18) | (.08) | ||||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | (.23) | ||||||
Total distributions | (.20) | (1.86) | (.05) | (.11) | (.19) | (.31) | ||||||
Net asset value, end of period | $ | 14.88 | $ | 12.89 | $ | 18.36 | $ | 13.93 | $ | 13.66 | $ | 12.01 |
Total Return C,D,E | 17.05% | (21.58)% | 32.23% | 2.76% | 15.50% | (18.39)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.44% H | 1.49% | 1.49% | 1.54% | 1.55% | 1.52% | ||||||
Expenses net of fee waivers, if any | 1.43% H | 1.49% | 1.49% | 1.53% | 1.54% | 1.52% | ||||||
Expenses net of all reductions | 1.43% H | 1.49% | 1.49% | 1.51% | 1.54% | 1.48% | ||||||
Net investment income (loss) | 1.38% H | 2.11% | .60% | .33% | .96% | 1.22% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 20,684 | $ | 16,063 | $ | 18,900 | $ | 11,745 | $ | 15,323 | $ | 14,472 |
Portfolio turnover rate I | 26% H | 33% | 64% | 43% | 80% | 98% |
Fidelity Advisor® Emerging Markets Discovery Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.85 | $ | 18.30 | $ | 13.89 | $ | 13.62 | $ | 11.94 | $ | 14.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .27 | .06 | - C | .08 | .14 | ||||||
Net realized and unrealized gain (loss) | 2.08 | (3.91) | 4.36 | .34 | 1.71 | (2.87) | ||||||
Total from investment operations | 2.16 | (3.64) | 4.42 | .34 | 1.79 | (2.73) | ||||||
Distributions from net investment income | (.15) | (.32) | (.01) | (.07) | (.10) | (.04) | ||||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | (.23) | ||||||
Total distributions | (.15) | (1.81) | (.01) | (.07) | (.11) | (.27) | ||||||
Net asset value, end of period | $ | 14.86 | $ | 12.85 | $ | 18.30 | $ | 13.89 | $ | 13.62 | $ | 11.94 |
Total Return D,E,F | 16.90% | (21.77)% | 31.82% | 2.49% | 15.06% | (18.58)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.70% I | 1.75% | 1.76% | 1.83% | 1.86% | 1.79% | ||||||
Expenses net of fee waivers, if any | 1.69% I | 1.75% | 1.76% | 1.83% | 1.86% | 1.79% | ||||||
Expenses net of all reductions | 1.68% I | 1.75% | 1.76% | 1.80% | 1.86% | 1.75% | ||||||
Net investment income (loss) | 1.12% I | 1.85% | .33% | .03% | .64% | .94% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,722 | $ | 4,355 | $ | 6,095 | $ | 4,552 | $ | 5,773 | $ | 5,374 |
Portfolio turnover rate J | 26% I | 33% | 64% | 43% | 80% | 98% |
Fidelity Advisor® Emerging Markets Discovery Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.47 | $ | 17.78 | $ | 13.55 | $ | 13.29 | $ | 11.66 | $ | 14.64 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .19 | (.03) | (.06) | .02 | .06 | ||||||
Net realized and unrealized gain (loss) | 2.04 | (3.81) | 4.26 | .32 | 1.67 | (2.79) | ||||||
Total from investment operations | 2.08 | (3.62) | 4.23 | .26 | 1.69 | (2.73) | ||||||
Distributions from net investment income | (.08) | (.20) | - | - | (.05) | (.02) | ||||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | (.23) | ||||||
Total distributions | (.08) | (1.69) | - | - | (.06) | (.25) | ||||||
Net asset value, end of period | $ | 14.47 | $ | 12.47 | $ | 17.78 | $ | 13.55 | $ | 13.29 | $ | 11.66 |
Total Return C,D,E | 16.70% | (22.21)% | 31.22% | 1.96% | 14.54% | (18.97)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 2.21% H | 2.25% | 2.25% | 2.32% | 2.36% | 2.28% | ||||||
Expenses net of fee waivers, if any | 2.20% H | 2.25% | 2.25% | 2.31% | 2.35% | 2.28% | ||||||
Expenses net of all reductions | 2.20% H | 2.25% | 2.25% | 2.29% | 2.35% | 2.24% | ||||||
Net investment income (loss) | .61% H | 1.35% | (.16)% | (.45)% | .14% | .45% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,569 | $ | 3,079 | $ | 4,995 | $ | 5,080 | $ | 7,562 | $ | 11,278 |
Portfolio turnover rate I | 26% H | 33% | 64% | 43% | 80% | 98% |
Fidelity® Emerging Markets Discovery Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.98 | $ | 18.48 | $ | 14.02 | $ | 13.75 | $ | 12.10 | $ | 15.12 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .36 | .16 | .08 | .16 | .23 | ||||||
Net realized and unrealized gain (loss) | 2.11 | (3.95) | 4.40 | .34 | 1.72 | (2.91) | ||||||
Total from investment operations | 2.23 | (3.59) | 4.56 | .42 | 1.88 | (2.68) | ||||||
Distributions from net investment income | (.24) | (.42) | (.10) | (.15) | (.22) | (.11) | ||||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | (.23) | ||||||
Total distributions | (.24) | (1.91) | (.10) | (.15) | (.23) | (.34) | ||||||
Net asset value, end of period | $ | 14.97 | $ | 12.98 | $ | 18.48 | $ | 14.02 | $ | 13.75 | $ | 12.10 |
Total Return C,D | 17.27% | (21.37)% | 32.63% | 3.07% | 15.78% | (18.11)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.15% G | 1.19% | 1.19% | 1.23% | 1.25% | 1.22% | ||||||
Expenses net of fee waivers, if any | 1.15% G | 1.19% | 1.18% | 1.23% | 1.25% | 1.22% | ||||||
Expenses net of all reductions | 1.15% G | 1.19% | 1.18% | 1.20% | 1.25% | 1.18% | ||||||
Net investment income (loss) | 1.66% G | 2.41% | .90% | .63% | 1.25% | 1.51% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 321,831 | $ | 248,805 | $ | 283,133 | $ | 189,784 | $ | 208,657 | $ | 188,690 |
Portfolio turnover rate H | 26% G | 33% | 64% | 43% | 80% | 98% |
Fidelity Advisor® Emerging Markets Discovery Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.03 | $ | 18.54 | $ | 14.06 | $ | 13.79 | $ | 12.13 | $ | 15.15 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .34 | .16 | .08 | .17 | .23 | ||||||
Net realized and unrealized gain (loss) | 2.12 | (3.95) | 4.41 | .34 | 1.72 | (2.90) | ||||||
Total from investment operations | 2.24 | (3.61) | 4.57 | .42 | 1.89 | (2.67) | ||||||
Distributions from net investment income | (.25) | (.41) | (.09) | (.15) | (.22) | (.12) | ||||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | (.23) | ||||||
Total distributions | (.25) | (1.90) | (.09) | (.15) | (.23) | (.35) | ||||||
Net asset value, end of period | $ | 15.02 | $ | 13.03 | $ | 18.54 | $ | 14.06 | $ | 13.79 | $ | 12.13 |
Total Return C,D | 17.32% | (21.37)% | 32.62% | 3.07% | 15.78% | (18.06)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.12% G | 1.17% | 1.19% | 1.24% | 1.25% | 1.22% | ||||||
Expenses net of fee waivers, if any | 1.11% G | 1.16% | 1.19% | 1.23% | 1.24% | 1.22% | ||||||
Expenses net of all reductions | 1.11% G | 1.16% | 1.19% | 1.21% | 1.24% | 1.18% | ||||||
Net investment income (loss) | 1.70% G | 2.44% | .90% | .63% | 1.26% | 1.51% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 251,796 | $ | 129,250 | $ | 27,397 | $ | 28,034 | $ | 51,081 | $ | 57,506 |
Portfolio turnover rate H | 26% G | 33% | 64% | 43% | 80% | 98% |
Fidelity Advisor® Emerging Markets Discovery Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.00 | $ | 18.51 | $ | 14.04 | $ | 13.77 | $ | 12.13 | $ | 13.19 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .13 | .37 | .19 | .10 | .18 | - D | ||||||
Net realized and unrealized gain (loss) | 2.11 | (3.95) | 4.40 | .35 | 1.72 | (1.06) | ||||||
Total from investment operations | 2.24 | (3.58) | 4.59 | .45 | 1.90 | (1.06) | ||||||
Distributions from net investment income | (.26) | (.44) | (.12) | (.18) | (.26) | - | ||||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | - | ||||||
Total distributions | (.26) | (1.93) | (.12) | (.18) | (.26) E | - | ||||||
Net asset value, end of period | $ | 14.98 | $ | 13.00 | $ | 18.51 | $ | 14.04 | $ | 13.77 | $ | 12.13 |
Total Return F,G | 17.35% | (21.27)% | 32.82% | 3.24% | 15.97% | (8.04)% | ||||||
Ratios to Average Net Assets C,H,I | ||||||||||||
Expenses before reductions | .99% J | 1.03% | 1.05% | 1.09% | 1.10% | 1.17% J | ||||||
Expenses net of fee waivers, if any | .99% J | 1.03% | 1.05% | 1.08% | 1.10% | 1.02% J | ||||||
Expenses net of all reductions | .99% J | 1.03% | 1.05% | 1.06% | 1.10% | .98% J | ||||||
Net investment income (loss) | 1.82% J | 2.57% | 1.04% | .78% | 1.40% | (.12)% J | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 73,203 | $ | 29,546 | $ | 16,365 | $ | 11,561 | $ | 18,267 | $ | 1,412 |
Portfolio turnover rate K | 26% J | 33% | 64% | 43% | 80% | 98% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $95,262,176 |
Gross unrealized depreciation | (57,174,212) |
Net unrealized appreciation (depreciation) | $38,087,964 |
Tax cost | $640,217,402 |
Short-term | $(5,541,193) |
Long-term | (1,724,346) |
Total capital loss carryforward | $(7,265,539) |
Purchases ($) | Sales ($) | |
Fidelity Emerging Markets Discovery Fund | 242,782,377 | 71,880,080 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $23,306 | $775 |
Class M | .25% | .25% | 12,846 | 152 |
Class C | .75% | .25% | 17,581 | 2,324 |
$53,733 | $3,251 |
Retained by FDC | |
Class A | $13,559 |
Class M | 1,439 |
Class C A | 733 |
$15,731 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $22,140 | .24 |
Class M | 6,392 | .25 |
Class C | 4,524 | .26 |
Emerging Markets Discovery | 298,554 | .21 |
Class I | 165,531 | .17 |
Class Z | 12,254 | .04 |
$509,395 |
% of Average Net Assets | |
Fidelity Emerging Markets Discovery Fund | .05 |
Amount | |
Fidelity Emerging Markets Discovery Fund | $354 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Emerging Markets Discovery Fund | 3,101,295 | - | - |
Amount | |
Fidelity Emerging Markets Discovery Fund | $529 |
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 Emerging Markets Discovery Fund | $6,784 | $- | $- |
Expense reduction | |
Class A | $56 |
Class M | 192 |
$248 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Emerging Markets Discovery Fund | ||
Distributions to shareholders | ||
Class A | $ 244,475 | $1,910,190 |
Class M | 51,851 | 606,383 |
Class C | 19,009 | 467,124 |
Emerging Markets Discovery | 4,513,320 | 27,737,464 |
Class I | 3,021,352 | 2,782,285 |
Class Z | 789,864 | 1,697,356 |
Total | $8,639,871 | $35,200,802 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Emerging Markets Discovery Fund | ||||
Class A | ||||
Shares sold | 220,319 | 314,404 | $3,191,987 | $4,478,487 |
Reinvestment of distributions | 17,518 | 120,206 | 244,303 | 1,910,075 |
Shares redeemed | (94,524) | (217,629) | (1,355,853) | (3,180,396) |
Net increase (decrease) | 143,313 | 216,981 | $2,080,437 | $3,208,166 |
Class M | ||||
Shares sold | 70,715 | 36,386 | $1,025,859 | $551,246 |
Reinvestment of distributions | 3,721 | 38,167 | 51,851 | 606,098 |
Shares redeemed | (28,447) | (68,600) | (410,079) | (1,005,289) |
Net increase (decrease) | 45,989 | 5,953 | $667,631 | $152,055 |
Class C | ||||
Shares sold | 40,506 | 28,436 | $562,779 | $399,577 |
Reinvestment of distributions | 1,399 | 30,156 | 19,009 | 467,124 |
Shares redeemed | (42,090) | (92,682) | (591,347) | (1,325,981) |
Net increase (decrease) | (185) | (34,090) | $(9,559) | $(459,280) |
Emerging Markets Discovery | ||||
Shares sold | 4,221,938 | 10,307,936 | $61,414,296 | $148,982,256 |
Reinvestment of distributions | 291,173 | 1,414,497 | 4,078,445 | 22,589,516 |
Shares redeemed | (2,185,733) | (7,875,882) | (31,141,996) | (118,180,120) |
Net increase (decrease) | 2,327,378 | 3,846,551 | $34,350,745 | $53,391,652 |
Class I | ||||
Shares sold | 8,436,270 | 9,283,493 | $122,447,728 | $129,714,339 |
Reinvestment of distributions | 205,837 | 170,907 | 2,893,435 | 2,737,935 |
Shares redeemed | (1,792,797) | (1,015,195) | (25,767,525) | (14,790,592) |
Net increase (decrease) | 6,849,310 | 8,439,205 | $99,573,638 | $117,661,682 |
Class Z | ||||
Shares sold | 3,557,254 | 1,609,828 | $50,728,501 | $22,578,984 |
Reinvestment of distributions | 55,484 | 104,684 | 777,160 | 1,671,802 |
Shares redeemed | (999,718) | (326,408) | (14,575,511) | (4,977,502) |
Net increase (decrease) | 2,613,020 | 1,388,104 | $36,930,150 | $19,273,284 |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 4.5 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 2.8 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 2.7 | |
HDFC Bank Ltd. (India, Banks) | 1.6 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 1.6 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.1 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 1.1 | |
Sea Ltd. ADR (Singapore, Entertainment) | 0.9 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) (China, Insurance) | 0.9 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 0.8 | |
18.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 15.6 | |
Information Technology | 10.8 | |
Energy | 10.6 | |
Consumer Discretionary | 9.2 | |
Materials | 7.5 | |
Communication Services | 6.5 | |
Consumer Staples | 4.3 | |
Industrials | 4.2 | |
Utilities | 3.5 | |
Health Care | 2.4 | |
Real Estate | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 57.2% | |||
Shares | Value ($) | ||
Brazil - 3.8% | |||
Arezzo Industria e Comercio SA | 15,445 | 205,549 | |
Atacadao SA | 151,800 | 327,168 | |
Dexco SA | 216,843 | 256,066 | |
ENGIE Brasil Energia SA | 34,800 | 287,663 | |
Equatorial Energia SA | 65,400 | 358,482 | |
Localiza Rent a Car SA | 52,271 | 607,931 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 243 | 836 | |
LOG Commercial Properties e Participacoes SA | 28,100 | 92,337 | |
Lojas Renner SA | 89,666 | 284,757 | |
MercadoLibre, Inc. (a) | 535 | 683,457 | |
Multiplan Empreendimentos Imobiliarios SA | 12,000 | 62,312 | |
PagSeguro Digital Ltd. (a) | 99,745 | 981,491 | |
Raia Drogasil SA | 154,100 | 811,931 | |
Rede D'Oregon Sao Luiz SA (b) | 38,954 | 178,611 | |
Rumo SA | 143,200 | 565,588 | |
StoneCo Ltd. Class A (a) | 49,712 | 612,452 | |
Suzano Papel e Celulose SA | 17,300 | 138,045 | |
Transmissora Alianca de Energia Eletrica SA | 33,500 | 244,947 | |
Vale SA sponsored ADR | 95,168 | 1,371,371 | |
XP, Inc. Class A (a) | 62,135 | 887,909 | |
TOTAL BRAZIL | 8,958,903 | ||
Canada - 0.5% | |||
Barrick Gold Corp. | 64,700 | 1,231,888 | |
Chile - 0.6% | |||
Antofagasta PLC | 41,058 | 753,613 | |
Banco de Chile | 7,212,100 | 767,891 | |
TOTAL CHILE | 1,521,504 | ||
China - 17.4% | |||
Akeso, Inc. (a)(b)(c) | 29,890 | 164,162 | |
Alibaba Group Holding Ltd. (a) | 350,073 | 3,701,541 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 3,957 | 335,118 | |
Angelalign Technology, Inc. (b) | 5,264 | 66,030 | |
Ant International Co. Ltd. Class C (a)(d)(e) | 424,550 | 653,807 | |
Baidu, Inc.: | |||
Class A (a) | 14,150 | 212,985 | |
sponsored ADR (a) | 2,800 | 337,708 | |
BeiGene Ltd. ADR (a) | 1,252 | 319,210 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 106,500 | 157,731 | |
Bilibili, Inc. ADR (a)(c) | 26,043 | 530,235 | |
BYD Co. Ltd. (H Shares) | 32,183 | 975,990 | |
C&S Paper Co. Ltd. (A Shares) | 137,500 | 234,668 | |
China Communications Services Corp. Ltd. (H Shares) | 466,000 | 255,352 | |
China Construction Bank Corp. (H Shares) | 2,942,000 | 1,966,805 | |
China Gas Holdings Ltd. | 218,344 | 280,893 | |
China Life Insurance Co. Ltd. (H Shares) | 617,000 | 1,185,353 | |
China Merchants Holdings International Co. Ltd. | 168,101 | 249,432 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 27,800 | 54,968 | |
China Overseas Land and Investment Ltd. | 76,040 | 192,848 | |
China Petroleum & Chemical Corp. (H Shares) | 1,368,000 | 896,609 | |
China Resources Beer Holdings Co. Ltd. | 92,666 | 715,825 | |
China Resources Land Ltd. | 82,510 | 384,229 | |
China Tower Corp. Ltd. (H Shares) (b) | 840,631 | 107,284 | |
China Vanke Co. Ltd. (H Shares) | 82,200 | 128,503 | |
Daqin Railway Co. Ltd. (A Shares) | 499,500 | 556,940 | |
Daqo New Energy Corp. ADR (a) | 1,204 | 55,288 | |
ENN Energy Holdings Ltd. | 31,700 | 434,658 | |
ESR Group Ltd. (b) | 33,200 | 51,896 | |
Greentown China Holdings Ltd. | 50,500 | 60,693 | |
Guangdong Investment Ltd. | 306,000 | 292,529 | |
Haier Smart Home Co. Ltd. | 139,800 | 455,690 | |
Haier Smart Home Co. Ltd. (A Shares) | 12,560 | 43,186 | |
Haitian International Holdings Ltd. | 105,000 | 272,820 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 122,113 | 222,771 | |
Innovent Biologics, Inc. (a)(b) | 49,096 | 236,057 | |
JD Health International, Inc. (a)(b) | 14,404 | 103,941 | |
JD.com, Inc.: | |||
Class A | 39,886 | 711,879 | |
sponsored ADR | 2,721 | 97,194 | |
Jiumaojiu International Holdings Ltd. (b) | 100,733 | 226,338 | |
KE Holdings, Inc. ADR (a) | 15,567 | 244,246 | |
Kuaishou Technology Class B (a)(b) | 17,727 | 117,355 | |
Kunlun Energy Co. Ltd. | 374,040 | 346,738 | |
Kweichow Moutai Co. Ltd. (A Shares) | 2,600 | 663,402 | |
Lenovo Group Ltd. | 46,000 | 47,062 | |
Li Auto, Inc.: | |||
ADR (a) | 41,151 | 967,049 | |
Class A (a) | 3,300 | 39,085 | |
Li Ning Co. Ltd. | 80,387 | 574,897 | |
Longfor Properties Co. Ltd. (b) | 34,480 | 94,354 | |
LONGi Green Energy Technology Co. Ltd. | 8,900 | 45,062 | |
Medlive Technology Co. Ltd. (b) | 61,955 | 68,610 | |
Meituan Class B (a)(b) | 156,339 | 2,671,905 | |
NetEase, Inc. ADR | 5,314 | 473,637 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 9,005 | 410,538 | |
OPT Machine Vision Tech Co. Ltd. | 1,500 | 32,519 | |
PDD Holdings, Inc. ADR (a) | 17,633 | 1,201,689 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 293,500 | 2,141,235 | |
Proya Cosmetics Co. Ltd. (A Shares) | 30,540 | 743,022 | |
Shangri-La Asia Ltd. (a) | 108,000 | 99,632 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 10,443 | 472,125 | |
Shenzhou International Group Holdings Ltd. | 17,005 | 163,336 | |
Silergy Corp. | 22,903 | 361,256 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 308,000 | 159,717 | |
Sinopharm Group Co. Ltd. (H Shares) | 65,375 | 231,576 | |
Sinotruk Hong Kong Ltd. | 101,000 | 154,352 | |
Sunny Optical Technology Group Co. Ltd. | 39,447 | 416,849 | |
Tencent Holdings Ltd. | 144,748 | 6,429,144 | |
Tongdao Liepin Group (a) | 44,559 | 57,091 | |
TravelSky Technology Ltd. (H Shares) | 140,000 | 279,458 | |
Trip.com Group Ltd. ADR (a) | 35,598 | 1,264,085 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 72,000 | 770,805 | |
Uni-President China Holdings Ltd. | 255,600 | 255,208 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 35,747 | 50,045 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 17,453 | 153,498 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 104,998 | 626,086 | |
Xinyi Solar Holdings Ltd. | 88,000 | 94,609 | |
Zai Lab Ltd. (a) | 70,111 | 245,466 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 88,700 | 357,993 | |
TOTAL CHINA | 41,453,902 | ||
Greece - 0.4% | |||
Alpha Bank SA (a) | 556,800 | 696,366 | |
Piraeus Financial Holdings SA (a) | 126,700 | 298,767 | |
TOTAL GREECE | 995,133 | ||
Hong Kong - 0.5% | |||
Huanxi Media Group Ltd. (a) | 770,309 | 97,309 | |
Kerry Properties Ltd. | 39,000 | 100,624 | |
Prudential PLC | 70,335 | 1,076,199 | |
TOTAL HONG KONG | 1,274,132 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 17,860 | 431,001 | |
India - 9.5% | |||
Apollo Hospitals Enterprise Ltd. | 7,041 | 390,167 | |
Bajaj Auto Ltd. | 5,100 | 277,100 | |
Bajaj Finance Ltd. | 12,364 | 954,681 | |
Bandhan Bank Ltd. (a)(b) | 192,500 | 542,658 | |
Bharat Electronics Ltd. | 373,600 | 473,652 | |
Bharti Airtel Ltd. | 54,719 | 536,228 | |
Campus Activewear Ltd. | 19,717 | 86,196 | |
Divi's Laboratories Ltd. | 4,477 | 179,546 | |
Embassy Office Parks (REIT) | 28,000 | 113,000 | |
HDFC Bank Ltd. | 185,696 | 3,843,355 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 123,600 | 803,260 | |
Hindustan Aeronautics Ltd. | 7,900 | 283,207 | |
Housing Development Finance Corp. Ltd. | 9,500 | 324,024 | |
Indraprastha Gas Ltd. | 67,493 | 410,360 | |
Infosys Ltd. | 15,402 | 237,891 | |
Infosys Ltd. sponsored ADR | 94,788 | 1,473,006 | |
ITC Ltd. | 208,213 | 1,086,927 | |
JK Cement Ltd. | 24,174 | 888,393 | |
Larsen & Toubro Ltd. | 32,669 | 948,155 | |
Mahanagar Gas Ltd. | 21,425 | 264,958 | |
Manappuram General Finance & Leasing Ltd. | 198,751 | 316,767 | |
Maruti Suzuki India Ltd. | 4,403 | 464,218 | |
NTPC Ltd. | 228,738 | 482,957 | |
Oberoi Realty Ltd. | 5,970 | 67,079 | |
Oil & Natural Gas Corp. Ltd. | 225,800 | 440,831 | |
One97 Communications Ltd. (a) | 37,700 | 302,619 | |
Petronet LNG Ltd. | 71,606 | 208,196 | |
Power Grid Corp. of India Ltd. | 196,387 | 571,658 | |
Reliance Industries Ltd. | 85,113 | 2,530,281 | |
Shree Cement Ltd. | 1,951 | 582,331 | |
Sona Blw Precision Forgings Ltd. (b) | 30,419 | 179,316 | |
SRF Ltd. | 17,178 | 535,872 | |
Sun Pharmaceutical Industries Ltd. | 9,454 | 114,478 | |
Tata Motors Ltd. (a) | 13,094 | 78,207 | |
Tata Steel Ltd. | 626,700 | 831,736 | |
Torrent Pharmaceuticals Ltd. | 8,937 | 181,119 | |
Vijaya Diagnostic Centre Pvt Ltd. | 10,490 | 48,548 | |
Zomato Ltd. (a) | 753,876 | 603,475 | |
TOTAL INDIA | 22,656,452 | ||
Indonesia - 1.6% | |||
First Resources Ltd. | 356,200 | 410,657 | |
PT Bank Central Asia Tbk | 2,279,700 | 1,410,796 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 4,066,879 | 1,417,223 | |
PT Dayamitra Telekomunikasi Tbk | 325,700 | 15,552 | |
PT Sumber Alfaria Trijaya Tbk | 2,030,800 | 401,555 | |
PT United Tractors Tbk | 88,000 | 173,719 | |
TOTAL INDONESIA | 3,829,502 | ||
Japan - 0.1% | |||
Z Holdings Corp. | 91,062 | 249,441 | |
Korea (South) - 6.6% | |||
Coway Co. Ltd. | 6,600 | 242,425 | |
Delivery Hero AG (a)(b) | 5,647 | 224,816 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 17,070 | 479,753 | |
Hyundai Motor Co. Ltd. | 580 | 85,949 | |
Jeisys Medical, Inc. (a) | 12,635 | 81,847 | |
Kakao Corp. | 12,327 | 540,008 | |
Kakao Pay Corp. (a) | 3,261 | 134,062 | |
KB Financial Group, Inc. | 30,228 | 1,122,394 | |
Kia Corp. | 15,970 | 1,011,834 | |
L&F Co. Ltd. | 300 | 59,907 | |
LG Chemical Ltd. | 663 | 368,431 | |
LG Corp. | 6,330 | 414,473 | |
NAVER Corp. | 2,054 | 297,692 | |
NCSOFT Corp. | 297 | 84,076 | |
POSCO | 3,652 | 1,033,943 | |
S-Oil Corp. | 4,960 | 277,909 | |
Samsung Biologics Co. Ltd. (a)(b) | 905 | 529,506 | |
Samsung Electronics Co. Ltd. | 137,099 | 6,748,505 | |
Samsung SDI Co. Ltd. | 1,620 | 841,068 | |
SK Hynix, Inc. | 16,103 | 1,083,895 | |
TOTAL KOREA (SOUTH) | 15,662,493 | ||
Mauritius - 0.0% | |||
Jumo World Ltd. (a)(e) | 30 | 28,475 | |
Mexico - 2.1% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 197,400 | 1,184,400 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 83,655 | 264,232 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 28,000 | 498,174 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 1,654 | 473,573 | |
Grupo Aeroportuario Norte S.A.B. de CV | 28,400 | 312,188 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 171,221 | 1,480,655 | |
Wal-Mart de Mexico SA de CV Series V | 184,200 | 742,660 | |
TOTAL MEXICO | 4,955,882 | ||
Netherlands - 0.0% | |||
CTP BV (b) | 5,452 | 71,490 | |
CTP BV rights (a)(f) | 5,452 | 1,382 | |
TOTAL NETHERLANDS | 72,872 | ||
Panama - 0.1% | |||
Copa Holdings SA Class A | 2,986 | 269,696 | |
Peru - 0.3% | |||
Credicorp Ltd. (United States) | 4,879 | 661,007 | |
Philippines - 0.2% | |||
Ayala Land, Inc. | 334,500 | 161,387 | |
SM Investments Corp. | 15,000 | 242,650 | |
TOTAL PHILIPPINES | 404,037 | ||
Poland - 0.3% | |||
CD Projekt RED SA | 8,116 | 220,932 | |
Dino Polska SA (a)(b) | 5,800 | 590,019 | |
TOTAL POLAND | 810,951 | ||
Russia - 1.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (a)(e) | 68,238 | 25,202 | |
Gazprom OAO sponsored ADR (Reg. S) (a)(e) | 155,600 | 35,545 | |
LSR Group OJSC (a)(e) | 755 | 884 | |
LUKOIL PJSC sponsored ADR (a)(e) | 35,200 | 9,958 | |
Novatek PJSC GDR (Reg. S) (a)(e) | 9,100 | 400,400 | |
Sberbank of Russia (e) | 30 | 0 | |
Sberbank of Russia sponsored ADR (a)(e) | 324,104 | 5,769 | |
Severstal PAO GDR (Reg. S) (a)(e) | 83,700 | 1,976 | |
TCS Group Holding PLC GDR (a)(e) | 56,395 | 505,299 | |
X5 Retail Group NV GDR (Reg. S) (a)(e) | 77,500 | 589,000 | |
Yandex NV Series A (a)(e) | 93,769 | 712,644 | |
TOTAL RUSSIA | 2,286,677 | ||
Saudi Arabia - 1.7% | |||
Al Rajhi Bank | 59,514 | 1,218,619 | |
Alinma Bank | 89,300 | 753,551 | |
Bupa Arabia for Cooperative Insurance Co. | 15,675 | 737,214 | |
The Saudi National Bank | 105,800 | 1,379,375 | |
TOTAL SAUDI ARABIA | 4,088,759 | ||
Singapore - 0.9% | |||
Sea Ltd. ADR (a) | 28,147 | 2,143,957 | |
South Africa - 1.5% | |||
Capitec Bank Holdings Ltd. | 8,250 | 718,392 | |
Discovery Ltd. (a) | 97,700 | 767,874 | |
Impala Platinum Holdings Ltd. | 123,200 | 1,199,451 | |
Naspers Ltd. Class N | 3,386 | 603,659 | |
Pick 'n Pay Stores Ltd. | 140,500 | 333,498 | |
TOTAL SOUTH AFRICA | 3,622,874 | ||
Switzerland - 0.1% | |||
OPT Machine Vision Tech Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 2/21/25 (a)(b) | 5,200 | 112,925 | |
Taiwan - 6.2% | |||
BizLink Holding, Inc. | 29,000 | 248,896 | |
BizLink Holding, Inc. rights 5/8/23 (a) | 740 | 794 | |
Chailease Holding Co. Ltd. | 161,144 | 1,172,812 | |
eMemory Technology, Inc. | 5,035 | 300,841 | |
Formosa Plastics Corp. | 41,000 | 125,336 | |
MediaTek, Inc. | 41,793 | 908,105 | |
Novatek Microelectronics Corp. | 7,000 | 95,631 | |
Realtek Semiconductor Corp. | 9,000 | 105,469 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 650,787 | 10,649,551 | |
Uni-President Enterprises Corp. | 243,000 | 582,151 | |
United Microelectronics Corp. | 18,000 | 28,930 | |
Wistron Corp. | 108,000 | 163,583 | |
Wiwynn Corp. | 10,348 | 393,535 | |
Yageo Corp. | 7,000 | 113,397 | |
TOTAL TAIWAN | 14,889,031 | ||
Tanzania - 0.1% | |||
Helios Towers PLC (a) | 85,700 | 112,335 | |
Thailand - 0.4% | |||
Carabao Group PCL (For. Reg.) | 159,800 | 335,966 | |
Land & House PCL (For. Reg.) | 324,200 | 93,212 | |
PTT Global Chemical PCL (For. Reg.) | 382,700 | 467,043 | |
Supalai PCL (For. Reg.) | 84,400 | 52,464 | |
TOTAL THAILAND | 948,685 | ||
United States of America - 1.1% | |||
FirstCash Holdings, Inc. | 11,401 | 1,174,645 | |
Globant SA (a) | 1,867 | 292,876 | |
Legend Biotech Corp. ADR (a) | 2,479 | 170,332 | |
Parade Technologies Ltd. | 1,000 | 30,606 | |
Tenaris SA sponsored ADR | 11,300 | 324,423 | |
Titan Cement International Trading SA | 31,600 | 509,765 | |
TOTAL UNITED STATES OF AMERICA | 2,502,647 | ||
Uruguay - 0.0% | |||
Dlocal Ltd. (a) | 6,110 | 85,540 | |
TOTAL COMMON STOCKS (Cost $125,657,455) | 136,260,701 | ||
Preferred Stocks - 1.7% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.4% | |||
Brazil - 0.1% | |||
Creditas Financial Solutions Ltd. Series F (a)(d)(e) | 1,073 | 306,277 | |
China - 0.1% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 11,962 | 106,103 | |
India - 0.2% | |||
Meesho Series F (a)(d)(e) | 7,108 | 492,016 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 904,396 | ||
Nonconvertible Preferred Stocks - 1.3% | |||
Brazil - 1.0% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 42,100 | 194,556 | |
Metalurgica Gerdau SA (PN) | 316,170 | 739,112 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 75,906 | 720,348 | |
sponsored ADR | 64,600 | 686,052 | |
2,340,068 | |||
Korea (South) - 0.3% | |||
Hyundai Motor Co. Ltd. Series 2 | 5,787 | 480,234 | |
Samsung Electronics Co. Ltd. | 6,660 | 278,531 | |
758,765 | |||
United States of America - 0.0% | |||
Gupshup, Inc. (a)(d)(e) | 8,409 | 131,433 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 3,230,266 | ||
TOTAL PREFERRED STOCKS (Cost $3,454,757) | 4,134,662 | ||
Nonconvertible Bonds - 15.4% | |||
Principal Amount (g) | Value ($) | ||
Azerbaijan - 0.6% | |||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) | 695,000 | 712,288 | |
State Oil Co. of Azerbaijan Republic 6.95% 3/18/30 (Reg. S) | 585,000 | 603,025 | |
TOTAL AZERBAIJAN | 1,315,313 | ||
Bahrain - 0.8% | |||
The Oil and Gas Holding Co.: | |||
7.5% 10/25/27 (b) | 1,410,000 | 1,441,549 | |
7.625% 11/7/24 (b) | 400,000 | 405,936 | |
TOTAL BAHRAIN | 1,847,485 | ||
Brazil - 0.4% | |||
Adecoagro SA 6% 9/21/27 (b) | 275,000 | 255,544 | |
Braskem Netherlands BV 7.25% 2/13/33 (b) | 200,000 | 190,595 | |
MARB BondCo PLC 3.95% 1/29/31 (b) | 145,000 | 106,078 | |
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b) | 372,007 | 285,236 | |
Natura Cosmeticos SA 4.125% 5/3/28 (b) | 190,000 | 157,439 | |
TOTAL BRAZIL | 994,892 | ||
Burkina Faso - 0.1% | |||
Endeavour Mining PLC 5% 10/14/26 (b) | 285,000 | 247,113 | |
Cambodia - 0.1% | |||
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S) | 200,000 | 185,663 | |
Chile - 0.9% | |||
Antofagasta PLC 2.375% 10/14/30 (b) | 450,000 | 365,428 | |
Corporacion Nacional del Cobre de Chile (Codelco): | |||
3.7% 1/30/50 (b) | 300,000 | 223,500 | |
4.5% 8/1/47 (b) | 250,000 | 213,328 | |
5.125% 2/2/33 (b) | 200,000 | 202,100 | |
Empresa Nacional de Petroleo 4.5% 9/14/47 (b) | 440,000 | 339,295 | |
Sable International Finance Ltd. 5.75% 9/7/27 (b) | 600,000 | 557,250 | |
VTR Comunicaciones SpA 5.125% 1/15/28 (b) | 400,000 | 220,450 | |
TOTAL CHILE | 2,121,351 | ||
China - 0.6% | |||
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b) | 395,000 | 352,538 | |
Meituan 2.125% 10/28/25 (b) | 640,000 | 586,520 | |
Prosus NV: | |||
3.832% 2/8/51 (b) | 425,000 | 264,775 | |
4.193% 1/19/32 (b) | 245,000 | 207,025 | |
TOTAL CHINA | 1,410,858 | ||
Colombia - 0.8% | |||
Ecopetrol SA 8.875% 1/13/33 | 170,000 | 164,369 | |
EnfraGen Energia Sur SA 5.375% 12/30/30 (b) | 690,000 | 437,115 | |
Gcm Mining Corp. 6.875% 8/9/26 (b) | 400,000 | 322,712 | |
GeoPark Ltd. 5.5% 1/17/27 (b) | 500,000 | 413,688 | |
Oleoducto Central SA 4% 7/14/27 (b) | 350,000 | 307,847 | |
Termocandelaria Power Ltd. 7.875% 1/30/29 (b) | 414,625 | 366,383 | |
TOTAL COLOMBIA | 2,012,114 | ||
Costa Rica - 0.1% | |||
Liberty Costa Rica SR SF 10.875% 1/15/31 (b) | 205,000 | 194,545 | |
Georgia - 0.1% | |||
JSC Georgian Railway 4% 6/17/28 (b) | 300,000 | 255,806 | |
Ghana - 0.5% | |||
Kosmos Energy Ltd. 7.125% 4/4/26 (b) | 815,000 | 720,409 | |
Tullow Oil PLC: | |||
7% 3/1/25 (b) | 450,000 | 273,038 | |
10.25% 5/15/26 (b) | 411,000 | 318,602 | |
TOTAL GHANA | 1,312,049 | ||
Guatemala - 0.3% | |||
CT Trust 5.125% 2/3/32 (b) | 440,000 | 361,845 | |
Investment Energy Resources Ltd. 6.25% 4/26/29 (b) | 510,000 | 470,252 | |
TOTAL GUATEMALA | 832,097 | ||
Hungary - 0.1% | |||
Magyar Export-Import Bank 6.125% 12/4/27 (b) | 200,000 | 201,375 | |
India - 0.1% | |||
CA Magnum Holdings 5.375% (b)(h) | 400,000 | 350,700 | |
Indonesia - 1.3% | |||
Medco Bell Pte Ltd. 6.375% 1/30/27 (b) | 560,000 | 510,580 | |
PT Adaro Indonesia 4.25% 10/31/24 (b) | 250,000 | 240,359 | |
PT Freeport Indonesia: | |||
5.315% 4/14/32 (b) | 250,000 | 240,359 | |
6.2% 4/14/52 (b) | 200,000 | 184,500 | |
PT Hutama Karya Persero 3.75% 5/11/30 (b) | 600,000 | 556,425 | |
PT Indonesia Asahan Aluminium 5.45% 5/15/30 (b) | 690,000 | 685,688 | |
PT Pertamina Persero: | |||
4.15% 2/25/60 (b) | 365,000 | 270,967 | |
4.175% 1/21/50 (b) | 450,000 | 353,756 | |
TOTAL INDONESIA | 3,042,634 | ||
Kazakhstan - 0.3% | |||
KazMunaiGaz National Co. 3.5% 4/14/33 (b) | 400,000 | 306,825 | |
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b) | 550,000 | 413,806 | |
TOTAL KAZAKHSTAN | 720,631 | ||
Malaysia - 0.6% | |||
MISC Capital Two (Labuan) Ltd. 3.75% 4/6/27 (b) | 380,000 | 360,834 | |
Petronas Capital Ltd.: | |||
3.404% 4/28/61 (b) | 500,000 | 365,625 | |
3.5% 4/21/30 (b) | 450,000 | 424,350 | |
4.55% 4/21/50 (b) | 400,000 | 374,000 | |
TOTAL MALAYSIA | 1,524,809 | ||
Mauritius - 0.1% | |||
AXIAN Telecom 7.375% 2/16/27 (b) | 355,000 | 319,567 | |
Mexico - 1.7% | |||
Braskem Idesa SAPI 6.99% 2/20/32 (b) | 205,000 | 145,396 | |
Comision Federal de Electricid 3.348% 2/9/31 (b) | 450,000 | 358,538 | |
Petroleos Mexicanos: | |||
5.35% 2/12/28 | 320,000 | 265,260 | |
6.49% 1/23/27 | 315,000 | 281,925 | |
6.5% 6/2/41 | 820,000 | 518,650 | |
6.625% 6/15/35 | 410,000 | 284,815 | |
6.7% 2/16/32 | 415,000 | 318,772 | |
6.75% 9/21/47 | 960,000 | 590,880 | |
6.84% 1/23/30 | 380,000 | 305,606 | |
6.95% 1/28/60 | 1,075,000 | 651,181 | |
7.69% 1/23/50 | 589,000 | 392,421 | |
TOTAL MEXICO | 4,113,444 | ||
Morocco - 0.2% | |||
OCP SA: | |||
3.75% 6/23/31 (b) | 535,000 | 448,330 | |
5.125% 6/23/51 (b) | 200,000 | 147,100 | |
TOTAL MOROCCO | 595,430 | ||
Panama - 0.4% | |||
Aeropuerto Internacional de Tocumen SA: | |||
4% 8/11/41 (b) | 290,000 | 232,054 | |
5.125% 8/11/61 (b) | 200,000 | 153,663 | |
Cable Onda SA 4.5% 1/30/30 (b) | 580,000 | 475,963 | |
TOTAL PANAMA | 861,680 | ||
Paraguay - 0.1% | |||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b) | 250,000 | 230,125 | |
Peru - 0.2% | |||
Camposol SA 6% 2/3/27 (b) | 500,000 | 272,500 | |
Compania de Minas Buenaventura SAA 5.5% 7/23/26 (b) | 165,000 | 143,323 | |
TOTAL PERU | 415,823 | ||
Qatar - 0.7% | |||
Qatar Petroleum: | |||
2.25% 7/12/31 (b) | 700,000 | 602,569 | |
3.125% 7/12/41 (b) | 650,000 | 511,794 | |
3.3% 7/12/51 (b) | 580,000 | 437,284 | |
TOTAL QATAR | 1,551,647 | ||
Saudi Arabia - 1.3% | |||
EIG Pearl Holdings SARL 3.545% 8/31/36 (b) | 720,000 | 620,460 | |
Greensaif Pipelines Bidco SARL: | |||
6.129% 2/23/38 (b) | 200,000 | 209,600 | |
6.51% 2/23/42 (b) | 200,000 | 213,225 | |
Saudi Arabian Oil Co.: | |||
3.5% 4/16/29 (b) | 450,000 | 424,350 | |
4.25% 4/16/39 (b) | 1,680,000 | 1,541,190 | |
TOTAL SAUDI ARABIA | 3,008,825 | ||
South Africa - 0.9% | |||
Eskom Holdings SOC Ltd.: | |||
6.35% 8/10/28 (b) | 315,000 | 296,568 | |
7.125% 2/11/25 (b) | 815,000 | 793,250 | |
8.45% 8/10/28 (b) | 235,000 | 224,616 | |
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b) | 400,000 | 248,700 | |
Stillwater Mining Co.: | |||
4% 11/16/26 (b) | 485,000 | 435,075 | |
4.5% 11/16/29 (b) | 220,000 | 181,335 | |
TOTAL SOUTH AFRICA | 2,179,544 | ||
Tanzania - 0.2% | |||
HTA Group Ltd. 7% 12/18/25 (b) | 400,000 | 375,700 | |
Thailand - 0.1% | |||
PTT Treasury Center Co. Ltd. 3.7% 7/16/70 (b) | 350,000 | 237,125 | |
Ukraine - 0.1% | |||
NAK Naftogaz Ukraine 7.375% 7/19/24 (Reg. S) (i) | 400,000 | 135,250 | |
United Arab Emirates - 0.9% | |||
Abu Dhabi National Energy Co. PJSC: | |||
4% 10/3/49 (b) | 390,000 | 338,642 | |
4.696% 4/24/33 (b) | 165,000 | 167,681 | |
4.875% 4/23/30 (b) | 50,000 | 51,759 | |
Galaxy Pipeline Assets BidCo Ltd.: | |||
2.16% 3/31/34 (b) | 399,195 | 345,878 | |
2.625% 3/31/36 (b) | 570,000 | 469,110 | |
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b) | 690,000 | 673,311 | |
MDGH GMTN RSC Ltd. 5.5% 4/28/33 (b) | 200,000 | 216,038 | |
TOTAL UNITED ARAB EMIRATES | 2,262,419 | ||
Uzbekistan - 0.3% | |||
National Bank of Uzbekistan 4.85% 10/21/25 (Reg. S) | 350,000 | 323,269 | |
Uzbekneftegaz JSC 4.75% 11/16/28 (b) | 400,000 | 322,075 | |
TOTAL UZBEKISTAN | 645,344 | ||
Venezuela - 0.2% | |||
Petroleos de Venezuela SA: | |||
6% 5/16/24 (b)(i) | 5,700,000 | 185,250 | |
6% 11/15/26 (Reg. S) (i) | 6,800,000 | 193,800 | |
TOTAL VENEZUELA | 379,050 | ||
Vietnam - 0.3% | |||
Mong Duong Finance Holdings BV 5.125% 5/7/29 (b) | 890,000 | 770,598 | |
TOTAL NONCONVERTIBLE BONDS (Cost $45,014,529) | 36,651,006 | ||
Government Obligations - 23.3% | |||
Principal Amount (g) | Value ($) | ||
Angola - 0.7% | |||
Angola Republic: | |||
8.25% 5/9/28 (b) | 720,000 | 629,235 | |
8.75% 4/14/32 (b) | 200,000 | 165,413 | |
9.125% 11/26/49 (b) | 225,000 | 167,878 | |
9.375% 5/8/48 (b) | 290,000 | 222,267 | |
9.5% 11/12/25 (b) | 420,000 | 414,435 | |
TOTAL ANGOLA | 1,599,228 | ||
Argentina - 0.8% | |||
Argentine Republic: | |||
0.5% 7/9/30 (j) | 1,995,365 | 484,874 | |
1% 7/9/29 | 498,666 | 118,215 | |
1.5% 7/9/35 (j) | 1,537,734 | 341,954 | |
3.875% 1/9/38 (j) | 2,011,834 | 555,518 | |
Buenos Aires Province 5.25% 9/1/37 (b)(j) | 1,030,000 | 315,695 | |
TOTAL ARGENTINA | 1,816,256 | ||
Armenia - 0.1% | |||
Republic of Armenia 3.6% 2/2/31 (b) | 360,000 | 281,318 | |
Bahrain - 0.1% | |||
Bahrain Kingdom 5.625% 5/18/34 (b) | 200,000 | 174,975 | |
Barbados - 0.1% | |||
Barbados Government 6.5% 10/1/29 (b) | 290,000 | 268,304 | |
Benin - 0.0% | |||
Republic of Benin 4.875% 1/19/32 (b) | EUR | 140,000 | 114,812 |
Brazil - 0.6% | |||
Brazilian Federative Republic: | |||
3.875% 6/12/30 | 775,000 | 692,317 | |
4.75% 1/14/50 | 505,000 | 371,743 | |
6% 10/20/33 | 295,000 | 289,616 | |
TOTAL BRAZIL | 1,353,676 | ||
Cameroon - 0.1% | |||
Cameroon Republic 5.95% 7/7/32 (b) | EUR | 360,000 | 275,894 |
Chile - 0.5% | |||
Chilean Republic: | |||
2.45% 1/31/31 | 535,000 | 469,897 | |
3.1% 1/22/61 | 340,000 | 227,758 | |
3.5% 1/31/34 | 280,000 | 253,365 | |
4% 1/31/52 | 200,000 | 165,913 | |
4.34% 3/7/42 | 200,000 | 181,663 | |
TOTAL CHILE | 1,298,596 | ||
Colombia - 1.1% | |||
Colombian Republic: | |||
3% 1/30/30 | 715,000 | 547,109 | |
3.125% 4/15/31 | 548,000 | 405,623 | |
5% 6/15/45 | 805,000 | 538,746 | |
5.2% 5/15/49 | 185,000 | 124,563 | |
6.125% 1/18/41 | 200,000 | 157,163 | |
7.375% 9/18/37 | 650,000 | 602,997 | |
7.5% 2/2/34 | 200,000 | 190,850 | |
8% 4/20/33 | 160,000 | 159,330 | |
TOTAL COLOMBIA | 2,726,381 | ||
Costa Rica - 0.4% | |||
Costa Rican Republic: | |||
5.625% 4/30/43 (b) | 425,000 | 369,697 | |
6.125% 2/19/31 (b) | 315,000 | 317,028 | |
6.55% 4/3/34 (b) | 245,000 | 249,594 | |
7% 4/4/44 (b) | 105,000 | 103,248 | |
TOTAL COSTA RICA | 1,039,567 | ||
Dominican Republic - 1.5% | |||
Dominican Republic: | |||
4.5% 1/30/30 (b) | 515,000 | 454,745 | |
4.875% 9/23/32 (b) | 870,000 | 747,819 | |
5.3% 1/21/41 (b) | 200,000 | 157,850 | |
5.875% 1/30/60 (b) | 900,000 | 686,138 | |
6% 7/19/28 (b) | 400,000 | 393,825 | |
6% 2/22/33 (b) | 425,000 | 396,525 | |
6.5% 2/15/48 (b) | 200,000 | 170,350 | |
6.85% 1/27/45 (b) | 350,000 | 314,300 | |
7.05% 2/3/31 (b) | 150,000 | 152,297 | |
TOTAL DOMINICAN REPUBLIC | 3,473,849 | ||
Ecuador - 0.5% | |||
Ecuador Republic: | |||
1.5% 7/31/40 (b)(j) | 250,000 | 81,297 | |
2.5% 7/31/35 (b)(j) | 1,490,256 | 544,223 | |
5.5% 7/31/30 (b)(j) | 985,630 | 517,949 | |
TOTAL ECUADOR | 1,143,469 | ||
Egypt - 0.8% | |||
Arab Republic of Egypt: | |||
7.0529% 1/15/32 (b) | 665,000 | 366,083 | |
7.5% 2/16/61 (b) | 395,000 | 196,710 | |
7.903% 2/21/48 (b) | 865,000 | 433,473 | |
8.5% 1/31/47 (b) | 1,160,000 | 610,668 | |
8.7002% 3/1/49 (b) | 400,000 | 211,575 | |
TOTAL EGYPT | 1,818,509 | ||
El Salvador - 0.1% | |||
El Salvador Republic 7.1246% 1/20/50 (b) | 560,000 | 271,530 | |
Gabon - 0.2% | |||
Gabonese Republic: | |||
6.95% 6/16/25 (b) | 200,000 | 183,913 | |
7% 11/24/31 (b) | 540,000 | 397,508 | |
TOTAL GABON | 581,421 | ||
Georgia - 0.2% | |||
Georgia Republic 2.75% 4/22/26 (b) | 505,000 | 451,754 | |
Ghana - 0.3% | |||
Ghana Republic: | |||
8.125% 1/18/26 (b)(i) | 500,000 | 197,906 | |
8.627% 6/16/49 (b)(i) | 615,000 | 209,600 | |
10.75% 10/14/30 (b) | 400,000 | 269,575 | |
TOTAL GHANA | 677,081 | ||
Guatemala - 0.1% | |||
Guatemalan Republic 6.125% 6/1/50 (b) | 350,000 | 328,081 | |
Hungary - 0.3% | |||
Hungarian Republic: | |||
2.125% 9/22/31 (b) | 300,000 | 233,494 | |
3.125% 9/21/51 (b) | 560,000 | 346,080 | |
6.25% 9/22/32 (b) | 200,000 | 207,350 | |
TOTAL HUNGARY | 786,924 | ||
Indonesia - 0.6% | |||
Indonesian Republic: | |||
3.35% 3/12/71 | 470,000 | 321,451 | |
3.5% 2/14/50 | 380,000 | 292,671 | |
4.2% 10/15/50 | 600,000 | 522,300 | |
8.5% 10/12/35 (b) | 300,000 | 394,650 | |
TOTAL INDONESIA | 1,531,072 | ||
Ivory Coast - 0.3% | |||
Ivory Coast: | |||
6.125% 6/15/33 (b) | 200,000 | 168,288 | |
6.375% 3/3/28 (b) | 635,000 | 604,560 | |
TOTAL IVORY COAST | 772,848 | ||
Jordan - 0.2% | |||
Jordanian Kingdom: | |||
5.85% 7/7/30 (b) | 200,000 | 179,163 | |
7.375% 10/10/47 (b) | 280,000 | 235,603 | |
TOTAL JORDAN | 414,766 | ||
Kenya - 0.4% | |||
Republic of Kenya: | |||
6.3% 1/23/34 (b) | 440,000 | 285,945 | |
6.875% 6/24/24 (b) | 385,000 | 331,653 | |
7% 5/22/27 (b) | 410,000 | 327,693 | |
TOTAL KENYA | 945,291 | ||
Lebanon - 0.2% | |||
Lebanese Republic 6.375% 12/31/49 (i) | 7,090,000 | 418,310 | |
Mexico - 0.9% | |||
United Mexican States: | |||
2.659% 5/24/31 | 400,000 | 337,950 | |
3.25% 4/16/30 | 400,000 | 361,575 | |
4.35% 1/15/47 | 850,000 | 686,800 | |
4.75% 3/8/44 | 450,000 | 391,303 | |
6.338% 5/4/53 | 200,000 | 206,200 | |
6.35% 2/9/35 | 220,000 | 235,441 | |
TOTAL MEXICO | 2,219,269 | ||
Mongolia - 0.1% | |||
Mongolia Government 5.125% 4/7/26 (b) | 200,000 | 182,850 | |
Morocco - 0.1% | |||
Moroccan Kingdom 6.5% 9/8/33 (b) | 240,000 | 248,295 | |
Nigeria - 0.8% | |||
Republic of Nigeria: | |||
6.125% 9/28/28 (b) | 325,000 | 246,655 | |
6.5% 11/28/27 (b) | 705,000 | 559,946 | |
7.143% 2/23/30 (b) | 850,000 | 634,738 | |
7.625% 11/28/47 (b) | 300,000 | 186,338 | |
8.25% 9/28/51 (b) | 200,000 | 130,100 | |
8.375% 3/24/29 (b) | 190,000 | 154,411 | |
TOTAL NIGERIA | 1,912,188 | ||
Oman - 1.4% | |||
Sultanate of Oman: | |||
4.75% 6/15/26 (b) | 450,000 | 440,100 | |
5.375% 3/8/27 (b) | 395,000 | 392,852 | |
5.625% 1/17/28 (b) | 420,000 | 422,441 | |
6% 8/1/29 (b) | 285,000 | 290,753 | |
6.25% 1/25/31 (b) | 690,000 | 714,495 | |
6.5% 3/8/47 (b) | 1,275,000 | 1,193,161 | |
TOTAL OMAN | 3,453,802 | ||
Pakistan - 0.2% | |||
Islamic Republic of Pakistan: | |||
6% 4/8/26 (b) | 695,000 | 248,376 | |
6.875% 12/5/27 (b) | 560,000 | 195,405 | |
TOTAL PAKISTAN | 443,781 | ||
Panama - 1.1% | |||
Panamanian Republic: | |||
2.252% 9/29/32 | 485,000 | 374,299 | |
3.16% 1/23/30 | 660,000 | 582,986 | |
3.298% 1/19/33 | 540,000 | 456,233 | |
3.87% 7/23/60 | 510,000 | 340,999 | |
4.5% 5/15/47 | 405,000 | 324,582 | |
6.4% 2/14/35 | 250,000 | 264,344 | |
6.853% 3/28/54 | 200,000 | 208,500 | |
TOTAL PANAMA | 2,551,943 | ||
Paraguay - 0.3% | |||
Republic of Paraguay: | |||
2.739% 1/29/33 (b) | 415,000 | 334,023 | |
5.4% 3/30/50 (b) | 415,000 | 353,606 | |
TOTAL PARAGUAY | 687,629 | ||
Peru - 0.5% | |||
Peruvian Republic: | |||
2.783% 1/23/31 | 435,000 | 376,628 | |
3% 1/15/34 | 260,000 | 217,474 | |
3.3% 3/11/41 | 635,000 | 488,871 | |
TOTAL PERU | 1,082,973 | ||
Philippines - 0.4% | |||
Philippine Republic: | |||
2.65% 12/10/45 | 430,000 | 298,259 | |
2.95% 5/5/45 | 320,000 | 234,860 | |
5.5% 1/17/48 | 200,000 | 208,663 | |
5.95% 10/13/47 | 225,000 | 246,769 | |
TOTAL PHILIPPINES | 988,551 | ||
Poland - 0.1% | |||
Polish Government 5.5% 4/4/53 | 170,000 | 176,513 | |
Qatar - 1.3% | |||
State of Qatar: | |||
4.4% 4/16/50 (b) | 1,675,000 | 1,570,103 | |
4.625% 6/2/46 (b) | 600,000 | 585,863 | |
4.817% 3/14/49 (b) | 855,000 | 846,076 | |
TOTAL QATAR | 3,002,042 | ||
Romania - 0.6% | |||
Romanian Republic: | |||
3% 2/27/27 (b) | 334,000 | 304,107 | |
3% 2/14/31 (b) | 574,000 | 479,039 | |
3.625% 3/27/32 (b) | 334,000 | 285,320 | |
6.125% 1/22/44 (b) | 400,000 | 384,950 | |
TOTAL ROMANIA | 1,453,416 | ||
Russia - 0.0% | |||
Ministry of Finance of the Russian Federation 5.1% 3/28/35(Reg. S) (e)(i) | 600,000 | 30,000 | |
Rwanda - 0.2% | |||
Rwanda Republic 5.5% 8/9/31 (b) | 700,000 | 498,225 | |
Saudi Arabia - 0.3% | |||
Kingdom of Saudi Arabia: | |||
2.25% 2/2/33 (b) | 445,000 | 369,990 | |
3.45% 2/2/61 (b) | 570,000 | 409,973 | |
TOTAL SAUDI ARABIA | 779,963 | ||
Senegal - 0.1% | |||
Republic of Senegal: | |||
6.25% 5/23/33 (b) | 235,000 | 184,446 | |
6.75% 3/13/48 (b) | 200,000 | 133,350 | |
TOTAL SENEGAL | 317,796 | ||
Serbia - 0.2% | |||
Republic of Serbia: | |||
2.125% 12/1/30 (b) | 620,000 | 482,941 | |
6.25% 5/26/28 (b) | 105,000 | 107,218 | |
TOTAL SERBIA | 590,159 | ||
South Africa - 0.5% | |||
South African Republic: | |||
4.85% 9/27/27 | 400,000 | 380,075 | |
5% 10/12/46 | 155,000 | 105,381 | |
5.65% 9/27/47 | 325,000 | 234,772 | |
5.75% 9/30/49 | 715,000 | 513,817 | |
TOTAL SOUTH AFRICA | 1,234,045 | ||
Sri Lanka - 0.3% | |||
Democratic Socialist Republic of Sri Lanka: | |||
6.2% 5/11/27 (b)(i) | 935,000 | 306,096 | |
6.85% 11/3/25 (b)(i) | 695,000 | 243,598 | |
7.55% 3/28/30 (b)(i) | 150,000 | 49,200 | |
7.85% 3/14/29 (b)(i) | 210,000 | 68,775 | |
TOTAL SRI LANKA | 667,669 | ||
Turkey - 1.2% | |||
Turkish Republic: | |||
4.875% 10/9/26 | 520,000 | 465,010 | |
4.875% 4/16/43 | 1,055,000 | 703,092 | |
5.125% 2/17/28 | 245,000 | 213,196 | |
5.75% 5/11/47 | 865,000 | 614,042 | |
6.125% 10/24/28 | 220,000 | 197,010 | |
6.625% 2/17/45 | 130,000 | 102,603 | |
9.375% 3/14/29 | 495,000 | 499,269 | |
9.375% 1/19/33 | 80,000 | 80,590 | |
TOTAL TURKEY | 2,874,812 | ||
Ukraine - 0.4% | |||
Ukraine Government: | |||
0% 8/1/41 (b)(k) | 775,000 | 198,981 | |
6.876% 5/21/31 (b) | 200,000 | 32,288 | |
7.253% 3/15/35 (b) | 380,000 | 61,584 | |
7.375% 9/25/34 (b) | 200,000 | 32,163 | |
7.75% 9/1/25 (b) | 830,000 | 157,856 | |
7.75% 9/1/26 (b) | 830,000 | 141,256 | |
7.75% 9/1/27 (b) | 345,000 | 59,577 | |
7.75% 9/1/28 (b) | 560,000 | 96,530 | |
7.75% 9/1/29 (b) | 400,000 | 68,825 | |
TOTAL UKRAINE | 849,060 | ||
United Arab Emirates - 0.4% | |||
Emirate of Abu Dhabi 3.125% 9/30/49 (b) | 410,000 | 310,268 | |
Emirate of Dubai: | |||
3.9% 9/9/50 (Reg. S) | 650,000 | 477,263 | |
5.25% 1/30/43 (Reg. S) | 295,000 | 279,291 | |
TOTAL UNITED ARAB EMIRATES | 1,066,822 | ||
United States of America - 0.8% | |||
U.S. Treasury Bills, yield at date of purchase 4.58% to 4.61% 5/4/23 | 80,000 | 79,973 | |
U.S. Treasury Bonds 2.875% 5/15/52 | 1,533,000 | 1,311,793 | |
U.S. Treasury Notes: | |||
3.625% 3/31/30 | 147,000 | 148,355 | |
4% 2/28/30 | 252,000 | 259,757 | |
TOTAL UNITED STATES OF AMERICA | 1,799,878 | ||
Uruguay - 0.3% | |||
Uruguay Republic 5.1% 6/18/50 | 730,000 | 747,703 | |
Uzbekistan - 0.2% | |||
Republic of Uzbekistan: | |||
3.7% 11/25/30 (b) | 200,000 | 162,663 | |
3.9% 10/19/31 (b) | 240,000 | 194,370 | |
TOTAL UZBEKISTAN | 357,033 | ||
Venezuela - 0.3% | |||
Venezuelan Republic 9.25% 9/15/27 (i) | 6,200,000 | 620,000 | |
Zambia - 0.1% | |||
Republic of Zambia: | |||
8.5% 4/14/24 (b)(i) | 50,000 | 23,369 | |
8.97% 7/30/27 (b)(i) | 250,000 | 115,281 | |
TOTAL ZAMBIA | 138,650 | ||
TOTAL GOVERNMENT OBLIGATIONS (Cost $74,126,093) | 55,538,979 | ||
Preferred Securities - 1.2% | |||
Principal Amount (g) | Value ($) | ||
Georgia - 0.3% | |||
Georgia Bank Joint Stock Co. 11.125% (Reg. S) (h)(k) | 700,000 | 711,566 | |
Kuwait - 0.2% | |||
NBK Tier 1 Financing 2 Ltd. 4.5% (b)(h)(k) | 400,000 | 375,408 | |
Mexico - 0.3% | |||
Banco Mercantil del Norte SA: | |||
6.75% (b)(h)(k) | 400,000 | 385,768 | |
7.625% (b)(h)(k) | 105,000 | 96,054 | |
CEMEX S.A.B. de CV 5.125% (b)(h)(k) | 400,000 | 355,378 | |
TOTAL MEXICO | 837,200 | ||
United Arab Emirates - 0.4% | |||
DP World Salaam 6% (Reg. S) (h)(k) | 600,000 | 610,622 | |
Emirates NBD Bank PJSC 6.125% (Reg. S) (h)(k) | 400,000 | 398,121 | |
TOTAL UNITED ARAB EMIRATES | 1,008,743 | ||
TOTAL PREFERRED SECURITIES (Cost $3,208,322) | 2,932,917 | ||
Money Market Funds - 0.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (l) | 1,253,458 | 1,253,709 | |
Fidelity Securities Lending Cash Central Fund 4.88% (l)(m) | 642,082 | 642,147 | |
TOTAL MONEY MARKET FUNDS (Cost $1,895,559) | 1,895,856 | ||
TOTAL INVESTMENT IN SECURITIES - 99.6% (Cost $253,356,715) | 237,414,121 |
NET OTHER ASSETS (LIABILITIES) - 0.4% | 925,659 |
NET ASSETS - 100.0% | 238,339,780 |
EUR | - | European Monetary Unit |
ELS | - | EQUITY-LINKED SECURITY |
(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 $72,864,453 or 30.6% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(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 $1,689,636 or 0.7% of net assets. |
(e) | Level 3 security |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Security is perpetual in nature with no stated maturity date. |
(i) | Non-income producing - Security is in default. |
(j) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(k) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(l) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(m) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ant International Co. Ltd. Class C | 5/16/18 | 1,618,120 |
Creditas Financial Solutions Ltd. Series F | 1/28/22 | 337,976 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 169,898 |
Gupshup, Inc. | 6/08/21 | 192,273 |
Meesho Series F | 9/21/21 | 544,986 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 8,147,400 | 64,172,265 | 71,065,956 | 136,977 | - | - | 1,253,709 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 421,999 | 5,913,065 | 5,692,917 | 3,154 | - | - | 642,147 | 0.0% |
Total | 8,569,399 | 70,085,330 | 76,758,873 | 140,131 | - | - | 1,895,856 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 13,433,344 | 3,818,804 | 8,901,896 | 712,644 |
Consumer Discretionary | 20,221,818 | 6,277,911 | 13,451,891 | 492,016 |
Consumer Staples | 9,723,605 | 2,805,276 | 6,304,127 | 614,202 |
Energy | 6,704,271 | 1,730,823 | 4,527,545 | 445,903 |
Financials | 33,915,371 | 13,221,748 | 19,193,996 | 1,499,627 |
Health Care | 5,266,894 | 1,099,154 | 4,061,637 | 106,103 |
Industrials | 7,346,419 | 2,727,986 | 4,618,433 | - |
Information Technology | 25,102,330 | 1,821,170 | 23,149,727 | 131,433 |
Materials | 12,218,772 | 6,184,260 | 6,032,536 | 1,976 |
Real Estate | 2,292,140 | 734,617 | 1,556,639 | 884 |
Utilities | 4,170,399 | 1,085,648 | 3,084,751 | - |
Corporate Bonds | 36,651,006 | - | 36,651,006 | - |
Government Obligations | 55,538,979 | - | 55,508,979 | 30,000 |
Preferred Securities | 2,932,917 | - | 2,932,917 | - |
Money Market Funds | 1,895,856 | 1,895,856 | - | - |
Total Investments in Securities: | 237,414,121 | 43,403,253 | 189,976,080 | 4,034,788 |
Investments in Securities: | |||
Beginning Balance | $ | 2,348,844 | |
Net Realized Gain (Loss) on Investment Securities | (9,840) | ||
Net Unrealized Gain (Loss) on Investment Securities | 1,446,334 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (2,550) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 252,000 | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 4,034,788 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2023 | $ | 1,446,334 | |
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, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $632,977) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $251,461,156) | $ | 235,518,265 | ||
Fidelity Central Funds (cost $1,895,559) | 1,895,856 | |||
Total Investment in Securities (cost $253,356,715) | $ | 237,414,121 | ||
Foreign currency held at value (cost $819,777) | 745,221 | |||
Receivable for investments sold | 791,225 | |||
Receivable for fund shares sold | 88,417 | |||
Dividends receivable | 337,597 | |||
Interest receivable | 1,676,930 | |||
Distributions receivable from Fidelity Central Funds | 12,315 | |||
Prepaid expenses | 127 | |||
Other receivables | 90,579 | |||
Total assets | 241,156,532 | |||
Liabilities | ||||
Payable to custodian bank | $ | 516,240 | ||
Payable for investments purchased | ||||
Regular delivery | 793,355 | |||
Delayed delivery | 1,382 | |||
Payable for fund shares redeemed | 208,174 | |||
Accrued management fee | 155,208 | |||
Distribution and service plan fees payable | 20,882 | |||
Other affiliated payables | 48,173 | |||
Deferred taxes | 343,965 | |||
Other payables and accrued expenses | 87,226 | |||
Collateral on securities loaned | 642,147 | |||
Total Liabilities | 2,816,752 | |||
Net Assets | $ | 238,339,780 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 284,642,513 | ||
Total accumulated earnings (loss) | (46,302,733) | |||
Net Assets | $ | 238,339,780 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($31,227,594 ÷ 2,755,003 shares) (a) | $ | 11.33 | ||
Maximum offering price per share (100/94.25 of $11.33) | $ | 12.02 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,936,357 ÷ 612,294 shares) (a) | $ | 11.33 | ||
Maximum offering price per share (100/96.50 of $11.33) | $ | 11.74 | ||
Class C : | ||||
Net Asset Value and offering price per share ($13,717,455 ÷ 1,214,722 shares) (a) | $ | 11.29 | ||
Total Emerging Markets : | ||||
Net Asset Value , offering price and redemption price per share ($91,760,542 ÷ 8,079,520 shares) | $ | 11.36 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($82,664,424 ÷ 7,288,854 shares) | $ | 11.34 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($12,033,408 ÷ 1,064,040 shares) | $ | 11.31 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,818,434 | ||
Non-Cash dividends | 370,971 | |||
Interest | 3,390,612 | |||
Income from Fidelity Central Funds (including $3,154 from security lending) | 140,131 | |||
Income before foreign taxes withheld | $ | 5,720,148 | ||
Less foreign taxes withheld | (176,478) | |||
Total Income | 5,543,670 | |||
Expenses | ||||
Management fee | $ | 984,456 | ||
Transfer agent fees | 240,540 | |||
Distribution and service plan fees | 128,297 | |||
Accounting fees | 59,848 | |||
Custodian fees and expenses | 94,914 | |||
Independent trustees' fees and expenses | 1,006 | |||
Registration fees | 38,616 | |||
Audit | 57,473 | |||
Legal | 1,732 | |||
Miscellaneous | 639 | |||
Total expenses before reductions | 1,607,521 | |||
Expense reductions | (6,121) | |||
Total expenses after reductions | 1,601,400 | |||
Net Investment income (loss) | 3,942,270 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $114,215) | (1,169,529) | |||
Foreign currency transactions | 16,653 | |||
Futures contracts | 129,657 | |||
Total net realized gain (loss) | (1,023,219) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $40,781) | 34,123,095 | |||
Assets and liabilities in foreign currencies | (15,839) | |||
Total change in net unrealized appreciation (depreciation) | 34,107,256 | |||
Net gain (loss) | 33,084,037 | |||
Net increase (decrease) in net assets resulting from operations | $ | 37,026,307 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,942,270 | $ | 10,825,203 |
Net realized gain (loss) | (1,023,219) | (12,640,549) | ||
Change in net unrealized appreciation (depreciation) | 34,107,256 | (173,003,840) | ||
Net increase (decrease) in net assets resulting from operations | 37,026,307 | (174,819,186) | ||
Distributions to shareholders | (7,044,986) | (11,768,448) | ||
Share transactions - net increase (decrease) | (43,900,325) | (182,422,186) | ||
Total increase (decrease) in net assets | (13,919,004) | (369,009,820) | ||
Net Assets | ||||
Beginning of period | 252,258,784 | 621,268,604 | ||
End of period | $ | 238,339,780 | $ | 252,258,784 |
Fidelity Advisor® Total Emerging Markets Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.53 | $ | 13.56 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .28 | .20 | .19 | .37 C | .25 | ||||||
Net realized and unrealized gain (loss) | 1.37 | (5.19) | 1.67 | .89 | 1.14 | (1.94) | ||||||
Total from investment operations | 1.53 | (4.91) | 1.87 | 1.08 | 1.51 | (1.69) | ||||||
Distributions from net investment income | (.29) | (.26) | (.16) | (.33) | (.24) | (.16) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.19) | ||||||
Total distributions | (.29) | (.26) | (.16) | (.33) | (.24) | (.34) D | ||||||
Net asset value, end of period | $ | 11.33 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.53 |
Total Return E,F,G | 15.21% | (32.69)% | 13.78% | 8.54% | 13.38% | (12.77)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.44% J | 1.39% | 1.36% | 1.40% | 1.39% | 1.40% | ||||||
Expenses net of fee waivers, if any | 1.44% J | 1.39% | 1.36% | 1.39% | 1.39% | 1.40% | ||||||
Expenses net of all reductions | 1.44% J | 1.39% | 1.36% | 1.37% | 1.39% | 1.37% | ||||||
Net investment income (loss) | 2.94% J | 2.21% | 1.26% | 1.49% | 3.02% C | 1.92% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 31,228 | $ | 28,302 | $ | 46,981 | $ | 37,022 | $ | 39,958 | $ | 34,617 |
Portfolio turnover rate K | 35% J | 67% | 58% | 58% | 75% | 94% |
Fidelity Advisor® Total Emerging Markets Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.07 | $ | 15.23 | $ | 13.52 | $ | 12.78 | $ | 11.51 | $ | 13.55 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .24 | .15 | .15 | .33 C | .21 | ||||||
Net realized and unrealized gain (loss) | 1.37 | (5.19) | 1.67 | .88 | 1.15 | (1.93) | ||||||
Total from investment operations | 1.52 | (4.95) | 1.82 | 1.03 | 1.48 | (1.72) | ||||||
Distributions from net investment income | (.26) | (.21) | (.11) | (.29) | (.21) | (.13) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.19) | ||||||
Total distributions | (.26) | (.21) | (.11) | (.29) | (.21) | (.32) | ||||||
Net asset value, end of period | $ | 11.33 | $ | 10.07 | $ | 15.23 | $ | 13.52 | $ | 12.78 | $ | 11.51 |
Total Return D,E,F | 15.10% | (32.92)% | 13.47% | 8.16% | 13.05% | (13.03)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.73% I | 1.69% | 1.66% | 1.71% | 1.72% | 1.74% | ||||||
Expenses net of fee waivers, if any | 1.73% I | 1.69% | 1.66% | 1.71% | 1.71% | 1.74% | ||||||
Expenses net of all reductions | 1.72% I | 1.69% | 1.66% | 1.69% | 1.71% | 1.71% | ||||||
Net investment income (loss) | 2.65% I | 1.90% | .96% | 1.17% | 2.69% C | 1.58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,936 | $ | 6,237 | $ | 9,530 | $ | 7,885 | $ | 8,841 | $ | 8,519 |
Portfolio turnover rate J | 35% I | 67% | 58% | 58% | 75% | 94% |
Fidelity Advisor® Total Emerging Markets Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.00 | $ | 15.09 | $ | 13.41 | $ | 12.66 | $ | 11.40 | $ | 13.45 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .18 | .08 | .09 | .28 C | .15 | ||||||
Net realized and unrealized gain (loss) | 1.35 | (5.15) | 1.65 | .89 | 1.13 | (1.92) | ||||||
Total from investment operations | 1.47 | (4.97) | 1.73 | .98 | 1.41 | (1.77) | ||||||
Distributions from net investment income | (.18) | (.12) | (.05) | (.23) | (.15) | (.09) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.19) | ||||||
Total distributions | (.18) | (.12) | (.05) | (.23) | (.15) | (.28) | ||||||
Net asset value, end of period | $ | 11.29 | $ | 10.00 | $ | 15.09 | $ | 13.41 | $ | 12.66 | $ | 11.40 |
Total Return D,E,F | 14.73% | (33.17)% | 12.89% | 7.83% | 12.54% | (13.45)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.18% I | 2.14% | 2.11% | 2.14% | 2.14% | 2.14% | ||||||
Expenses net of fee waivers, if any | 2.18% I | 2.13% | 2.11% | 2.14% | 2.14% | 2.14% | ||||||
Expenses net of all reductions | 2.18% I | 2.13% | 2.11% | 2.12% | 2.13% | 2.12% | ||||||
Net investment income (loss) | 2.20% I | 1.46% | .51% | .74% | 2.27% C | 1.18% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 13,717 | $ | 13,469 | $ | 27,673 | $ | 28,884 | $ | 35,545 | $ | 37,191 |
Portfolio turnover rate J | 35% I | 67% | 58% | 58% | 75% | 94% |
Fidelity® Total Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.12 | $ | 15.31 | $ | 13.59 | $ | 12.84 | $ | 11.56 | $ | 13.58 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .18 | .32 | .24 | .22 | .40 C | .29 | ||||||
Net realized and unrealized gain (loss) | 1.37 | (5.21) | 1.67 | .90 | 1.16 | (1.95) | ||||||
Total from investment operations | 1.55 | (4.89) | 1.91 | 1.12 | 1.56 | (1.66) | ||||||
Distributions from net investment income | (.31) | (.30) | (.19) | (.37) | (.28) | (.17) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.19) | ||||||
Total distributions | (.31) | (.30) | (.19) | (.37) | (.28) | (.36) | ||||||
Net asset value, end of period | $ | 11.36 | $ | 10.12 | $ | 15.31 | $ | 13.59 | $ | 12.84 | $ | 11.56 |
Total Return D,E | 15.40% | (32.52)% | 14.06% | 8.79% | 13.80% | (12.56)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.19% H | 1.12% | 1.11% | 1.16% | 1.14% | 1.13% | ||||||
Expenses net of fee waivers, if any | 1.19% H | 1.11% | 1.11% | 1.15% | 1.14% | 1.13% | ||||||
Expenses net of all reductions | 1.19% H | 1.11% | 1.11% | 1.14% | 1.14% | 1.11% | ||||||
Net investment income (loss) | 3.18% H | 2.48% | 1.51% | 1.73% | 3.27% C | 2.19% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 91,761 | $ | 91,615 | $ | 259,331 | $ | 205,009 | $ | 199,708 | $ | 190,025 |
Portfolio turnover rate I | 35% H | 67% | 58% | 58% | 75% | 94% |
Fidelity Advisor® Total Emerging Markets Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.11 | $ | 15.29 | $ | 13.57 | $ | 12.82 | $ | 11.55 | $ | 13.58 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .18 | .32 | .24 | .22 | .41 C | .29 | ||||||
Net realized and unrealized gain (loss) | 1.37 | (5.20) | 1.67 | .90 | 1.14 | (1.95) | ||||||
Total from investment operations | 1.55 | (4.88) | 1.91 | 1.12 | 1.55 | (1.66) | ||||||
Distributions from net investment income | (.32) | (.30) | (.19) | (.37) | (.28) | (.19) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.19) | ||||||
Total distributions | (.32) | (.30) | (.19) | (.37) | (.28) | (.37) D | ||||||
Net asset value, end of period | $ | 11.34 | $ | 10.11 | $ | 15.29 | $ | 13.57 | $ | 12.82 | $ | 11.55 |
Total Return E,F | 15.40% | (32.50)% | 14.10% | 8.85% | 13.77% | (12.56)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.14% I | 1.10% | 1.09% | 1.11% | 1.11% | 1.12% | ||||||
Expenses net of fee waivers, if any | 1.14% I | 1.10% | 1.08% | 1.10% | 1.10% | 1.12% | ||||||
Expenses net of all reductions | 1.14% I | 1.10% | 1.08% | 1.09% | 1.10% | 1.10% | ||||||
Net investment income (loss) | 3.23% I | 2.49% | 1.54% | 1.78% | 3.30% C | 2.20% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 82,664 | $ | 98,727 | $ | 209,635 | $ | 232,450 | $ | 372,286 | $ | 341,720 |
Portfolio turnover rate J | 35% I | 67% | 58% | 58% | 75% | 94% |
Fidelity Advisor® Total Emerging Markets Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.55 | $ | 12.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .19 | .34 | .26 | .24 | .43 D | .01 | ||||||
Net realized and unrealized gain (loss) | 1.37 | (5.19) | 1.66 | .90 | 1.13 | (.63) | ||||||
Total from investment operations | 1.56 | (4.85) | 1.92 | 1.14 | 1.56 | (.62) | ||||||
Distributions from net investment income | (.34) | (.32) | (.21) | (.39) | (.31) | - | ||||||
Total distributions | (.34) | (.32) | (.21) | (.39) | (.31) | - | ||||||
Net asset value, end of period | $ | 11.31 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.55 |
Total Return E,F | 15.49% | (32.40)% | 14.21% | 9.03% | 13.85% | (5.09)% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | 1.02% I | .97% | .96% | .98% | .98% | 1.07% I | ||||||
Expenses net of fee waivers, if any | 1.01% I | .97% | .96% | .98% | .97% | 1.04% I | ||||||
Expenses net of all reductions | 1.01% I | .97% | .96% | .96% | .97% | 1.02% I | ||||||
Net investment income (loss) | 3.36% I | 2.62% | 1.66% | 1.91% | 3.43% D | 1.51% I | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,033 | $ | 13,909 | $ | 68,119 | $ | 56,395 | $ | 61,175 | $ | 1,603 |
Portfolio turnover rate J | 35% I | 67% | 58% | 58% | 75% | 94% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $ 4,004,788 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.1 - 8.5/5.9 | Increase |
Market approach | Transaction price | $9.50 - $55.00/$20.20 | Increase | ||
Discount rate | 20.0% - 50.0%/21.3% | Decrease | |||
Book value | Book value multiple | 1.4 | Increase | ||
Indicative market price | Discount rate | 20.0% | Decrease | ||
Bid price | $11.20 | Increase | |||
Black scholes | Discount rate | 4.2% | Increase | ||
Volatility | 95.0% | Increase | |||
Term | 2.0 | Increase | |||
Government Obligations | $30,000 | Indicative market price | Evaluated bid | $5.00 | Increase |
Gross unrealized appreciation | $40,041,688 |
Gross unrealized depreciation | (58,578,820) |
Net unrealized appreciation (depreciation) | $(18,537,132) |
Tax cost | $255,951,253 |
Short-term | $(29,016,054) |
Long-term | (-) |
Total capital loss carryforward | $(29,016,054) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Total Emerging Markets Fund | 42,324,885 | 83,225,347 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $39,184 | $711 |
Class M | .25% | .25% | 17,252 | 216 |
Class C | .75% | .25% | 71,861 | 5,952 |
$128,297 | $6,879 |
Retained by FDC | |
Class A | $16,515 |
Class M | 1,279 |
Class C A | 937 |
$18,731 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $33,556 | .21 |
Class M | 8,865 | .26 |
Class C | 14,598 | .20 |
Total Emerging Markets | 103,295 | .22 |
Class I | 77,592 | .17 |
Class Z | 2,634 | .04 |
$240,540 |
% of Average Net Assets | |
Fidelity Total Emerging Markets Fund | .05 |
Amount | |
Fidelity Total Emerging Markets Fund | $337 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Total Emerging Markets Fund | 557,622 | 2,239,235 | (154,692) |
Amount | |
Fidelity Total Emerging Markets Fund | $256 |
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 Total Emerging Markets Fund | $332 | $- | $- |
Expense reduction | |
Class A | $68 |
Class M | 245 |
$313 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Total Emerging Markets Fund | ||
Distributions to shareholders | ||
Class A | $ 794,178 | $783,324 |
Class M | 155,913 | 128,984 |
Class C | 234,768 | 226,893 |
Total Emerging Markets | 2,687,846 | 5,176,420 |
Class I | 2,776,747 | 4,027,359 |
Class Z | 395,534 | 1,425,468 |
Total | $7,044,986 | $11,768,448 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Total Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 251,590 | 539,278 | $2,829,948 | $6,972,605 |
Reinvestment of distributions | 71,386 | 54,325 | 792,381 | 781,197 |
Shares redeemed | (372,527) | (867,088) | (4,164,888) | (10,923,910) |
Net increase (decrease) | (49,551) | (273,485) | $(542,559) | $(3,170,108) |
Class M | ||||
Shares sold | 19,936 | 68,332 | $226,225 | $870,856 |
Reinvestment of distributions | 14,022 | 8,958 | 155,787 | 128,908 |
Shares redeemed | (41,002) | (83,685) | (459,103) | (1,103,957) |
Net increase (decrease) | (7,044) | (6,395) | $(77,091) | $(104,193) |
Class C | ||||
Shares sold | 73,366 | 172,996 | $827,554 | $2,372,908 |
Reinvestment of distributions | 21,155 | 15,806 | 234,608 | 226,656 |
Shares redeemed | (227,334) | (675,110) | (2,543,373) | (8,531,245) |
Net increase (decrease) | (132,813) | (486,308) | $(1,481,211) | $(5,931,681) |
Total Emerging Markets | ||||
Shares sold | 353,332 | 20,327,420 | $3,989,672 | $276,182,533 |
Reinvestment of distributions | 206,717 | 196,824 | 2,296,623 | 2,832,302 |
Shares redeemed | (1,534,784) | (28,410,344) | (17,145,280) | (367,959,039) |
Net increase (decrease) | (974,735) | (7,886,100) | $(10,858,985) | $(88,944,204) |
Class I | ||||
Shares sold | 525,087 | 1,916,908 | $5,893,365 | $24,629,924 |
Reinvestment of distributions | 246,056 | 276,622 | 2,728,758 | 3,975,058 |
Shares redeemed | (3,247,433) | (6,138,529) | (36,154,246) | (76,056,229) |
Net increase (decrease) | (2,476,290) | (3,944,999) | $(27,532,123) | $(47,451,247) |
Class Z | ||||
Shares sold | 251,223 | 486,703 | $2,818,191 | $6,448,746 |
Reinvestment of distributions | 25,674 | 72,407 | 283,693 | 1,036,865 |
Shares redeemed | (591,461) | (3,644,178) | (6,510,240) | (44,306,364) |
Net increase (decrease) | (314,564) | (3,085,068) | $(3,408,356) | $(36,820,753) |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Emerging Markets Discovery Fund | ||||||||||
Class A | 1.43% | |||||||||
Actual | $ 1,000 | $ 1,170.50 | $ 7.70 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.70 | $ 7.15 | |||||||
Class M | 1.69% | |||||||||
Actual | $ 1,000 | $ 1,169.00 | $ 9.09 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.41 | $ 8.45 | |||||||
Class C | 2.20% | |||||||||
Actual | $ 1,000 | $ 1,167.00 | $ 11.82 | |||||||
Hypothetical- B | $ 1,000 | $ 1,013.88 | $ 10.99 | |||||||
Fidelity® Emerging Markets Discovery Fund | 1.15% | |||||||||
Actual | $ 1,000 | $ 1,172.70 | $ 6.20 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.09 | $ 5.76 | |||||||
Class I | 1.11% | |||||||||
Actual | $ 1,000 | $ 1,173.20 | $ 5.98 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.29 | $ 5.56 | |||||||
Class Z | .99% | |||||||||
Actual | $ 1,000 | $ 1,173.50 | $ 5.34 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.89 | $ 4.96 | |||||||
Fidelity® Total Emerging Markets Fund | ||||||||||
Class A | 1.44% | |||||||||
Actual | $ 1,000 | $ 1,152.10 | $ 7.68 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.65 | $ 7.20 | |||||||
Class M | 1.73% | |||||||||
Actual | $ 1,000 | $ 1,151.00 | $ 9.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.22 | $ 8.65 | |||||||
Class C | 2.18% | |||||||||
Actual | $ 1,000 | $ 1,147.30 | $ 11.61 | |||||||
Hypothetical- B | $ 1,000 | $ 1,013.98 | $ 10.89 | |||||||
Fidelity® Total Emerging Markets Fund | 1.19% | |||||||||
Actual | $ 1,000 | $ 1,154.00 | $ 6.36 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.89 | $ 5.96 | |||||||
Class I | 1.14% | |||||||||
Actual | $ 1,000 | $ 1,154.00 | $ 6.09 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.14 | $ 5.71 | |||||||
Class Z | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,154.90 | $ 5.40 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.79 | $ 5.06 | |||||||
- 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) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.7 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.9 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.7 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.3 | |
HDFC Bank Ltd. (India, Diversified Banks) | 2.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 1.9 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.8 | |
Housing Development Finance Corp. Ltd. (India, Financial Services) | 1.8 | |
AIA Group Ltd. (Hong Kong, Insurance) | 1.6 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.6 | |
22.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.7 | |
Consumer Discretionary | 15.9 | |
Information Technology | 14.8 | |
Industrials | 13.0 | |
Health Care | 12.6 | |
Consumer Staples | 6.5 | |
Materials | 5.5 | |
Communication Services | 2.7 | |
Energy | 1.5 | |
Real Estate | 1.4 | |
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 - 95.7% | |||
Shares | Value ($) (000s) | ||
Australia - 3.5% | |||
Bapcor Ltd. | 5,590,328 | 24,394 | |
EBOS Group Ltd. (a) | 1,677,890 | 46,046 | |
Flight Centre Travel Group Ltd. (a)(b) | 3,510,019 | 46,093 | |
Flutter Entertainment PLC (b) | 425,294 | 85,064 | |
Iperionx Ltd. (b)(c) | 14,731,250 | 10,777 | |
National Storage REIT unit | 41,776,821 | 69,583 | |
TOTAL AUSTRALIA | 281,957 | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (d) | 3,229,330 | 32,184 | |
Belgium - 2.0% | |||
Azelis Group NV | 350,540 | 8,305 | |
KBC Group NV | 1,010,462 | 72,128 | |
UCB SA | 825,579 | 76,797 | |
TOTAL BELGIUM | 157,230 | ||
Brazil - 0.6% | |||
MercadoLibre, Inc. (b) | 37,053 | 47,335 | |
Canada - 2.6% | |||
Canadian Natural Resources Ltd. | 1,443,046 | 87,934 | |
Constellation Software, Inc. | 51,371 | 100,547 | |
Definity Financial Corp. | 508,266 | 13,787 | |
Lumine Group, Inc. | 159,372 | 2,147 | |
TOTAL CANADA | 204,415 | ||
China - 3.3% | |||
Alibaba Group Holding Ltd. (b) | 5,233,298 | 55,335 | |
Chervon Holdings Ltd. | 6,041,691 | 30,745 | |
Glodon Co. Ltd. (A Shares) | 4,408,300 | 37,045 | |
Li Ning Co. Ltd. | 3,823,243 | 27,342 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 758,200 | 34,278 | |
Tencent Holdings Ltd. | 1,596,759 | 70,922 | |
WuXi AppTec Co. Ltd. (H Shares) (d) | 941,367 | 8,279 | |
TOTAL CHINA | 263,946 | ||
Denmark - 2.8% | |||
DSV A/S | 395,602 | 74,301 | |
Novo Nordisk A/S Series B | 919,002 | 152,880 | |
TOTAL DENMARK | 227,181 | ||
Finland - 0.4% | |||
Neste OYJ | 591,398 | 28,634 | |
France - 13.8% | |||
Air Liquide SA | 662,949 | 119,258 | |
Airbus Group NV | 490,670 | 68,711 | |
AXA SA | 3,631,649 | 118,538 | |
BNP Paribas SA | 1,386,105 | 89,561 | |
Capgemini SA | 468,234 | 85,080 | |
Edenred SA | 1,368,748 | 88,865 | |
EssilorLuxottica SA | 309,188 | 61,121 | |
Exclusive Networks SA | 1,446,556 | 31,242 | |
L'Oreal SA | 174,900 | 83,401 | |
LVMH Moet Hennessy Louis Vuitton SE | 304,997 | 293,368 | |
Pernod Ricard SA | 277,254 | 63,973 | |
TOTAL FRANCE | 1,103,118 | ||
Germany - 5.8% | |||
Deutsche Borse AG | 437,556 | 83,446 | |
Deutsche Post AG | 1,561,846 | 75,124 | |
Merck KGaA | 360,150 | 64,508 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 174,858 | 65,606 | |
Nexus AG | 562,762 | 32,246 | |
Rheinmetall AG | 136,470 | 39,925 | |
Siemens AG | 463,052 | 76,326 | |
Siemens Healthineers AG (d) | 476,526 | 29,625 | |
TOTAL GERMANY | 466,806 | ||
Hong Kong - 2.2% | |||
AIA Group Ltd. | 11,971,620 | 130,336 | |
Prudential PLC | 2,958,179 | 45,263 | |
TOTAL HONG KONG | 175,599 | ||
Hungary - 0.3% | |||
Richter Gedeon PLC | 853,117 | 20,588 | |
India - 5.7% | |||
Avenue Supermarts Ltd. (b)(d) | 505,358 | 21,789 | |
Campus Activewear Ltd. | 1,710,700 | 7,479 | |
HDFC Bank Ltd. | 3,036,182 | 62,840 | |
HDFC Bank Ltd. sponsored ADR | 1,449,759 | 101,193 | |
Housing Development Finance Corp. Ltd. | 4,219,315 | 143,912 | |
ITC Ltd. | 4,656,000 | 24,306 | |
Larsen & Toubro Ltd. | 579,300 | 16,813 | |
One97 Communications Ltd. (b) | 4,023,500 | 32,297 | |
Pine Labs Private Ltd. (b)(e)(f) | 8,672 | 4,774 | |
PVR Ltd. (b) | 649,600 | 11,668 | |
Sona Blw Precision Forgings Ltd. (d) | 2,874,000 | 16,942 | |
Star Health & Allied Insurance Co. Ltd. (b) | 992,200 | 7,197 | |
Sunteck Realty Ltd. | 1,959,352 | 7,280 | |
TOTAL INDIA | 458,490 | ||
Ireland - 1.8% | |||
Cairn Homes PLC | 28,053,237 | 31,942 | |
CRH PLC | 1,126,714 | 54,368 | |
Dalata Hotel Group PLC (b)(c) | 11,207,181 | 56,251 | |
TOTAL IRELAND | 142,561 | ||
Israel - 0.4% | |||
NICE Ltd. sponsored ADR (b) | 151,041 | 30,814 | |
Italy - 2.2% | |||
BFF Bank SpA (d) | 3,164,808 | 30,409 | |
Ferrari NV | 152,276 | 42,430 | |
FinecoBank SpA | 1,630,520 | 24,668 | |
UniCredit SpA | 4,039,361 | 80,042 | |
TOTAL ITALY | 177,549 | ||
Japan - 17.0% | |||
Advantest Corp. | 262,422 | 20,451 | |
Capcom Co. Ltd. | 1,229,448 | 46,200 | |
Daiichi Sankyo Kabushiki Kaisha | 1,717,961 | 58,951 | |
Fast Retailing Co. Ltd. | 229,386 | 54,319 | |
FUJIFILM Holdings Corp. | 694,698 | 36,208 | |
Hitachi Ltd. | 2,308,878 | 127,715 | |
Hoya Corp. | 1,037,602 | 108,798 | |
Itochu Corp. | 2,623,666 | 87,040 | |
Keyence Corp. | 125,420 | 56,559 | |
Misumi Group, Inc. | 940,600 | 23,729 | |
Mitsubishi UFJ Financial Group, Inc. | 9,129,681 | 57,148 | |
NOF Corp. | 448,598 | 20,497 | |
Olympus Corp. | 2,437,592 | 42,674 | |
ORIX Corp. | 3,773,497 | 64,197 | |
Outsourcing, Inc. | 1,385,556 | 14,114 | |
Persol Holdings Co. Ltd. | 2,328,665 | 48,016 | |
Renesas Electronics Corp. (b) | 6,015,215 | 78,393 | |
Shin-Etsu Chemical Co. Ltd. | 3,261,039 | 93,056 | |
SMC Corp. | 85,217 | 42,502 | |
Sony Group Corp. | 1,215,789 | 109,997 | |
Sumitomo Mitsui Financial Group, Inc. | 1,233,008 | 50,398 | |
TechnoPro Holdings, Inc. | 806,143 | 21,995 | |
TIS, Inc. | 1,360,981 | 37,372 | |
Tokio Marine Holdings, Inc. | 1,764,345 | 35,476 | |
ZOZO, Inc. | 1,359,235 | 28,604 | |
TOTAL JAPAN | 1,364,409 | ||
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 1,642,790 | 80,864 | |
Netherlands - 5.3% | |||
Adyen BV (b)(d) | 34,062 | 54,733 | |
ASML Holding NV (Netherlands) | 291,093 | 183,953 | |
BE Semiconductor Industries NV (a) | 822,899 | 73,755 | |
IMCD NV | 225,890 | 33,901 | |
ING Groep NV (Certificaten Van Aandelen) | 3,901,604 | 48,151 | |
Topicus.Com, Inc. (b) | 101,865 | 6,785 | |
Universal Music Group NV | 953,977 | 20,824 | |
TOTAL NETHERLANDS | 422,102 | ||
Norway - 0.0% | |||
Volue A/S (b) | 406,227 | 686 | |
Russia - 0.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (b)(f) | 619,390 | 229 | |
Singapore - 1.2% | |||
Sea Ltd. ADR (b) | 568,995 | 43,340 | |
United Overseas Bank Ltd. | 2,487,000 | 52,819 | |
TOTAL SINGAPORE | 96,159 | ||
South Africa - 0.7% | |||
Anglo American PLC (United Kingdom) | 1,763,100 | 54,328 | |
Spain - 1.2% | |||
CaixaBank SA (a) | 18,054,417 | 66,830 | |
Cie Automotive SA | 1,054,206 | 31,736 | |
TOTAL SPAIN | 98,566 | ||
Sweden - 3.0% | |||
ASSA ABLOY AB (B Shares) | 1,385,096 | 32,942 | |
HEXPOL AB (B Shares) | 1,967,147 | 23,153 | |
Indutrade AB | 1,745,333 | 41,816 | |
Kry International AB (b)(e)(f) | 4,183 | 327 | |
Lagercrantz Group AB (B Shares) | 2,948,190 | 37,891 | |
Nibe Industrier AB (B Shares) | 2,384,463 | 26,623 | |
Nordnet AB (a) | 1,807,069 | 28,335 | |
Svenska Handelsbanken AB (A Shares) (a) | 5,294,204 | 46,800 | |
TOTAL SWEDEN | 237,887 | ||
Switzerland - 1.3% | |||
Compagnie Financiere Richemont SA Series A | 472,055 | 78,031 | |
Partners Group Holding AG | 31,084 | 30,018 | |
TOTAL SWITZERLAND | 108,049 | ||
Taiwan - 2.1% | |||
MediaTek, Inc. | 1,035,000 | 22,489 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 8,805,000 | 144,086 | |
TOTAL TAIWAN | 166,575 | ||
United Kingdom - 10.0% | |||
AstraZeneca PLC (United Kingdom) | 1,562,031 | 229,873 | |
BAE Systems PLC | 6,136,629 | 78,181 | |
Beazley PLC | 3,928,705 | 29,402 | |
Big Yellow Group PLC | 2,005,789 | 30,854 | |
Bunzl PLC | 2,211,479 | 87,936 | |
Compass Group PLC | 4,854,908 | 128,077 | |
Diageo PLC | 2,443,252 | 111,452 | |
Dr. Martens Ltd. | 4,237,960 | 8,847 | |
Endava PLC ADR (b) | 231,725 | 13,340 | |
JD Sports Fashion PLC | 15,283,688 | 30,934 | |
Smart Metering Systems PLC | 2,861,457 | 28,517 | |
Starling Bank Ltd. Series D (b)(e)(f) | 6,223,100 | 23,619 | |
Zegona Communications PLC (b)(c) | 323,480 | 209 | |
TOTAL UNITED KINGDOM | 801,241 | ||
United States of America - 5.1% | |||
Globant SA (b) | 101,042 | 15,850 | |
ICON PLC (b) | 108,075 | 20,825 | |
Linde PLC | 152,392 | 56,301 | |
Nestle SA (Reg. S) | 1,670,294 | 214,281 | |
NVIDIA Corp. | 184,706 | 51,254 | |
RHI Magnesita NV | 396,115 | 11,251 | |
Samsonite International SA (b)(d) | 12,781,156 | 40,501 | |
TOTAL UNITED STATES OF AMERICA | 410,263 | ||
TOTAL COMMON STOCKS (Cost $6,059,811) | 7,659,765 | ||
Preferred Stocks - 0.9% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 0.5% | |||
China - 0.4% | |||
ByteDance Ltd. Series E1 (b)(e)(f) | 131,235 | 26,116 | |
dMed Biopharmaceutical Co. Ltd. Series C (b)(e)(f) | 727,754 | 6,455 | |
32,571 | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (b)(e)(f) | 87,239 | 11,370 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 43,941 | ||
Nonconvertible Preferred Stocks - 0.4% | |||
India - 0.4% | |||
Pine Labs Private Ltd.: | |||
Series 1 (b)(e)(f) | 20,726 | 11,411 | |
Series A (b)(e)(f) | 5,179 | 2,851 | |
Series B (b)(e)(f) | 5,635 | 3,102 | |
Series B2 (b)(e)(f) | 4,558 | 2,509 | |
Series C (b)(e)(f) | 8,478 | 4,668 | |
Series C1 (b)(e)(f) | 1,786 | 983 | |
Series D (b)(e)(f) | 1,910 | 1,052 | |
26,576 | |||
Sweden - 0.0% | |||
Kry International AB Series E (b)(e)(f) | 24,162 | 1,889 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 28,465 | ||
TOTAL PREFERRED STOCKS (Cost $76,424) | 72,406 | ||
Money Market Funds - 4.1% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 4.88% (g) | 216,395,740 | 216,439 | |
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h) | 109,839,113 | 109,850 | |
TOTAL MONEY MARKET FUNDS (Cost $326,289) | 326,289 | ||
TOTAL INVESTMENT IN SECURITIES - 100.7% (Cost $6,462,524) | 8,058,460 |
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (53,554) |
NET ASSETS - 100.0% | 8,004,906 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Affiliated company |
(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 $234,462,000 or 2.9% of net assets. |
(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 $101,126,000 or 1.3% of net assets. |
(f) | Level 3 security |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Bolt Technology OU Series E | 1/03/22 | 22,664 |
ByteDance Ltd. Series E1 | 11/18/20 | 14,380 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 10,336 |
Kry International AB | 5/14/21 | 1,817 |
Kry International AB Series E | 5/14/21 | 11,046 |
Pine Labs Private Ltd. | 6/30/21 | 3,233 |
Pine Labs Private Ltd. Series 1 | 6/30/21 | 7,728 |
Pine Labs Private Ltd. Series A | 6/30/21 | 1,931 |
Pine Labs Private Ltd. Series B | 6/30/21 | 2,101 |
Pine Labs Private Ltd. Series B2 | 6/30/21 | 1,699 |
Pine Labs Private Ltd. Series C | 6/30/21 | 3,161 |
Pine Labs Private Ltd. Series C1 | 6/30/21 | 666 |
Pine Labs Private Ltd. Series D | 6/30/21 | 712 |
Starling Bank Ltd. Series D | 6/18/21 | 11,126 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 376,692 | 1,097,018 | 1,257,271 | 4,205 | - | - | 216,439 | 0.5% |
Fidelity Securities Lending Cash Central Fund 4.88% | 29,429 | 496,969 | 416,548 | 467 | - | - | 109,850 | 0.3% |
Total | 406,121 | 1,593,987 | 1,673,819 | 4,672 | - | - | 326,289 | |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Dalata Hotel Group PLC | 36,423 | - | 680 | - | 223 | 20,285 | 56,251 |
Iperionx Ltd. | 6,780 | - | 113 | - | 6 | 4,104 | 10,777 |
Zegona Communications PLC | 282 | - | 4 | - | (2) | (67) | 209 |
Total | 43,485 | - | 797 | - | 227 | 24,322 | 67,237 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 219,279 | 64,373 | 128,790 | 26,116 |
Consumer Discretionary | 1,275,766 | 334,539 | 941,227 | - |
Consumer Staples | 519,431 | 147,374 | 371,828 | 229 |
Energy | 116,568 | 116,568 | - | - |
Financials | 1,810,198 | 564,746 | 1,221,833 | 23,619 |
Health Care | 993,944 | 305,710 | 681,779 | 6,455 |
Industrials | 1,054,532 | 374,266 | 680,266 | - |
Information Technology | 1,191,747 | 633,344 | 513,467 | 44,936 |
Materials | 442,989 | 90,705 | 352,284 | - |
Real Estate | 107,717 | 30,854 | 76,863 | - |
Money Market Funds | 326,289 | 326,289 | - | - |
Total Investments in Securities: | 8,058,460 | 2,988,768 | 4,968,337 | 101,355 |
(Amounts in thousands) | |||
Investments in Securities: | |||
Beginning Balance | $ | 91,683 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | 9,672 | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 101,355 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2023 | $ | 9,672 | |
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 | ||||
Amounts in thousands (except per-share amounts) | April 30, 2023 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $103,448) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,070,696) | $ | 7,664,934 | ||
Fidelity Central Funds (cost $326,289) | 326,289 | |||
Other affiliated issuers (cost $65,539) | 67,237 | |||
Total Investment in Securities (cost $6,462,524) | $ | 8,058,460 | ||
Foreign currency held at value (cost $2,737) | 2,736 | |||
Receivable for investments sold | 5,954 | |||
Receivable for fund shares sold | 2,980 | |||
Dividends receivable | 23,067 | |||
Reclaims receivable | 31,394 | |||
Distributions receivable from Fidelity Central Funds | 828 | |||
Prepaid expenses | 3 | |||
Other receivables | 3,448 | |||
Total assets | 8,128,870 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,519 | ||
Payable for fund shares redeemed | 2,132 | |||
Accrued management fee | 2,760 | |||
Distribution and service plan fees payable | 42 | |||
Other affiliated payables | 812 | |||
Deferred taxes | 6,212 | |||
Other payables and accrued expenses | 637 | |||
Collateral on securities loaned | 109,850 | |||
Total Liabilities | 123,964 | |||
Net Assets | $ | 8,004,906 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,800,517 | ||
Total accumulated earnings (loss) | 1,204,389 | |||
Net Assets | $ | 8,004,906 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($145,495 ÷ 3,399 shares) (a)(b) | $ | 42.80 | ||
Maximum offering price per share (100/94.25 of $42.80) | $ | 45.41 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,792 ÷ 420 shares) (a)(b) | $ | 42.41 | ||
Maximum offering price per share (100/96.50 of $42.41) | $ | 43.95 | ||
Class C : | ||||
Net Asset Value and offering price per share ($5,697 ÷ 136 shares) (a)(b) | $ | 41.81 | ||
International Discovery : | ||||
Net Asset Value , offering price and redemption price per share ($3,797,500 ÷ 87,998 shares) | $ | 43.15 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($556,022 ÷ 12,930 shares) | $ | 43.00 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($548,223 ÷ 12,752 shares) | $ | 42.99 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($2,934,177 ÷ 68,325 shares) | $ | 42.94 | ||
(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, 2023 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 90,138 | ||
Income from Fidelity Central Funds (including $467 from security lending) | 4,672 | |||
Income before foreign taxes withheld | $ | 94,810 | ||
Less foreign taxes withheld | (11,128) | |||
Total Income | 83,682 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 25,591 | ||
Performance adjustment | (4,410) | |||
Transfer agent fees | 4,061 | |||
Distribution and service plan fees | 249 | |||
Accounting fees | 807 | |||
Custodian fees and expenses | 342 | |||
Independent trustees' fees and expenses | 26 | |||
Registration fees | 123 | |||
Audit | 154 | |||
Legal | 6 | |||
Miscellaneous | 18 | |||
Total expenses before reductions | 26,967 | |||
Expense reductions | (181) | |||
Total expenses after reductions | 26,786 | |||
Net Investment income (loss) | 56,896 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,454 | |||
Redemptions in-kind | 23,400 | |||
Affiliated issuers | 227 | |||
Foreign currency transactions | 1,533 | |||
Total net realized gain (loss) | 27,614 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,016) | 1,101,123 | |||
Affiliated issuers | 24,322 | |||
Assets and liabilities in foreign currencies | 3,165 | |||
Total change in net unrealized appreciation (depreciation) | 1,128,610 | |||
Net gain (loss) | 1,156,224 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,213,120 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 56,896 | $ | 150,460 |
Net realized gain (loss) | 27,614 | (304,705) | ||
Change in net unrealized appreciation (depreciation) | 1,128,610 | (3,205,165) | ||
Net increase (decrease) in net assets resulting from operations | 1,213,120 | (3,359,410) | ||
Distributions to shareholders | (30,708) | (1,127,528) | ||
Share transactions - net increase (decrease) | (547,796) | 588,890 | ||
Total increase (decrease) in net assets | 634,616 | (3,898,048) | ||
Net Assets | ||||
Beginning of period | 7,370,290 | 11,268,338 | ||
End of period | $ | 8,004,906 | $ | 7,370,290 |
Fidelity Advisor® International Discovery Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.68 | $ | 58.79 | $ | 45.84 | $ | 43.31 | $ | 39.99 | $ | 46.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .22 | .56 C | .18 | .16 | .63 D | .37 | ||||||
Net realized and unrealized gain (loss) | 5.90 | (16.91) | 14.60 | 3.27 | 3.93 | (4.87) | ||||||
Total from investment operations | 6.12 | (16.35) | 14.78 | 3.43 | 4.56 | (4.50) | ||||||
Distributions from net investment income | - | (1.38) | (.12) | (.62) | (.33) | (.34) | ||||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | (1.83) | ||||||
Total distributions | - | (5.76) | (1.83) | (.90) | (1.24) | (2.17) | ||||||
Net asset value, end of period | $ | 42.80 | $ | 36.68 | $ | 58.79 | $ | 45.84 | $ | 43.31 | $ | 39.99 |
Total Return E,F,G | 16.68% | (30.57)% | 32.86% | 8.02% | 11.90% | (10.11)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.06% J | 1.31% | 1.32% | 1.36% | 1.12% | 1.22% | ||||||
Expenses net of fee waivers, if any | 1.06% J | 1.30% | 1.32% | 1.36% | 1.12% | 1.22% | ||||||
Expenses net of all reductions | 1.06% J | 1.30% | 1.32% | 1.36% | 1.11% | 1.21% | ||||||
Net investment income (loss) | 1.07% J | 1.27% C | .32% | .38% | 1.57% D | .83% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 145 | $ | 131 | $ | 206 | $ | 173 | $ | 185 | $ | 191 |
Portfolio turnover rate K | 60% J,L | 43% L | 41% L | 34% L | 70% L | 45% L |
Fidelity Advisor® International Discovery Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.38 | $ | 58.35 | $ | 45.53 | $ | 43.01 | $ | 39.71 | $ | 46.35 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .17 | .45 C | .04 | .06 | .53 D | .27 | ||||||
Net realized and unrealized gain (loss) | 5.86 | (16.81) | 14.51 | 3.24 | 3.91 | (4.84) | ||||||
Total from investment operations | 6.03 | (16.36) | 14.55 | 3.30 | 4.44 | (4.57) | ||||||
Distributions from net investment income | - | (1.23) | (.02) | (.51) | (.22) | (.24) | ||||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | (1.83) | ||||||
Total distributions | - | (5.61) | (1.73) | (.78) E | (1.14) E | (2.07) | ||||||
Net asset value, end of period | $ | 42.41 | $ | 36.38 | $ | 58.35 | $ | 45.53 | $ | 43.01 | $ | 39.71 |
Total Return F,G,H | 16.58% | (30.76)% | 32.53% | 7.77% | 11.62% | (10.31)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.31% K | 1.55% | 1.57% | 1.61% | 1.37% | 1.46% | ||||||
Expenses net of fee waivers, if any | 1.30% K | 1.55% | 1.57% | 1.61% | 1.37% | 1.46% | ||||||
Expenses net of all reductions | 1.30% K | 1.55% | 1.57% | 1.60% | 1.35% | 1.45% | ||||||
Net investment income (loss) | .83% K | 1.02% C | .07% | .13% | 1.32% D | .59% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 18 | $ | 16 | $ | 25 | $ | 21 | $ | 24 | $ | 28 |
Portfolio turnover rate L | 60% K,M | 43% M | 41% M | 34% M | 70% M | 45% M |
Fidelity Advisor® International Discovery Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 35.96 | $ | 57.59 | $ | 45.18 | $ | 42.60 | $ | 39.32 | $ | 45.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .21 C | (.27) | (.18) | .31 D | .02 | ||||||
Net realized and unrealized gain (loss) | 5.79 | (16.66) | 14.38 | 3.22 | 3.88 | (4.79) | ||||||
Total from investment operations | 5.85 | (16.45) | 14.11 | 3.04 | 4.19 | (4.77) | ||||||
Distributions from net investment income | - | (.80) | - | (.19) | - | (.02) | ||||||
Distributions from net realized gain | - | (4.38) | (1.70) | (.28) | (.91) | (1.83) | ||||||
Total distributions | - | (5.18) | (1.70) | (.46) E | (.91) | (1.85) | ||||||
Net asset value, end of period | $ | 41.81 | $ | 35.96 | $ | 57.59 | $ | 45.18 | $ | 42.60 | $ | 39.32 |
Total Return F,G,H | 16.27% | (31.14)% | 31.79% | 7.19% | 11.02% | (10.80)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.84% K | 2.10% | 2.14% | 2.16% | 1.91% | 2.00% | ||||||
Expenses net of fee waivers, if any | 1.83% K | 2.10% | 2.13% | 2.15% | 1.91% | 2.00% | ||||||
Expenses net of all reductions | 1.83% K | 2.10% | 2.13% | 2.15% | 1.90% | 1.99% | ||||||
Net investment income (loss) | .30% K | .48% C | (.50)% | (.41)% | .78% D | .05% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 6 | $ | 5 | $ | 10 | $ | 11 | $ | 12 | $ | 22 |
Portfolio turnover rate L | 60% K,M | 43% M | 41% M | 34% M | 70% M | 45% M |
Fidelity® International Discovery Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 37.04 | $ | 59.31 | $ | 46.20 | $ | 43.65 | $ | 40.32 | $ | 47.04 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .29 | .72 C | .36 | .32 | .78 D | .53 | ||||||
Net realized and unrealized gain (loss) | 5.96 | (17.07) | 14.71 | 3.29 | 3.95 | (4.92) | ||||||
Total from investment operations | 6.25 | (16.35) | 15.07 | 3.61 | 4.73 | (4.39) | ||||||
Distributions from net investment income | (.14) | (1.54) | (.25) | (.78) | (.49) | (.50) | ||||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | (1.83) | ||||||
Total distributions | (.14) | (5.92) | (1.96) | (1.06) | (1.40) | (2.33) | ||||||
Net asset value, end of period | $ | 43.15 | $ | 37.04 | $ | 59.31 | $ | 46.20 | $ | 43.65 | $ | 40.32 |
Total Return E,F | 16.90% | (30.36)% | 33.29% | 8.39% | 12.31% | (9.81)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .72% I | .98% | .99% | 1.02% | .78% | .88% | ||||||
Expenses net of fee waivers, if any | .72% I | .97% | .99% | 1.02% | .78% | .88% | ||||||
Expenses net of all reductions | .72% I | .97% | .99% | 1.01% | .76% | .87% | ||||||
Net investment income (loss) | 1.41% I | 1.60% C | .65% | .72% | 1.92% D | 1.17% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3,797 | $ | 3,386 | $ | 5,117 | $ | 6,784 | $ | 6,726 | $ | 6,515 |
Portfolio turnover rate J | 60% I,K | 43% K | 41% K | 34% K | 70% K | 45% K |
Fidelity® International Discovery Fund Class K |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.93 | $ | 59.18 | $ | 46.10 | $ | 43.55 | $ | 40.25 | $ | 46.96 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .78 C | .41 | .36 | .82 D | .58 | ||||||
Net realized and unrealized gain (loss) | 5.94 | (17.02) | 14.67 | 3.29 | 3.93 | (4.90) | ||||||
Total from investment operations | 6.25 | (16.24) | 15.08 | 3.65 | 4.75 | (4.32) | ||||||
Distributions from net investment income | (.18) | (1.62) | (.29) | (.82) | (.54) | (.55) | ||||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | (1.83) | ||||||
Total distributions | (.18) | (6.01) E | (2.00) | (1.10) | (1.45) | (2.39) E | ||||||
Net asset value, end of period | $ | 43.00 | $ | 36.93 | $ | 59.18 | $ | 46.10 | $ | 43.55 | $ | 40.25 |
Total Return F,G | 16.97% | (30.28)% | 33.40% | 8.52% | 12.41% | (9.70)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .62% J | .87% | .90% | .91% | .66% | .77% | ||||||
Expenses net of fee waivers, if any | .61% J | .87% | .90% | .91% | .66% | .77% | ||||||
Expenses net of all reductions | .61% J | .87% | .90% | .91% | .65% | .76% | ||||||
Net investment income (loss) | 1.51% J | 1.71% C | .74% | .83% | 2.03% D | 1.29% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 556 | $ | 603 | $ | 1,371 | $ | 1,401 | $ | 1,566 | $ | 2,064 |
Portfolio turnover rate K | 60% J,L | 43% L | 41% L | 34% L | 70% L | 45% L |
Fidelity Advisor® International Discovery Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.90 | $ | 59.15 | $ | 46.08 | $ | 43.53 | $ | 40.22 | $ | 46.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .29 | .69 C | .35 | .31 | .77 D | .52 | ||||||
Net realized and unrealized gain (loss) | 5.94 | (16.99) | 14.67 | 3.28 | 3.93 | (4.90) | ||||||
Total from investment operations | 6.23 | (16.30) | 15.02 | 3.59 | 4.70 | (4.38) | ||||||
Distributions from net investment income | (.14) | (1.57) | (.24) | (.76) | (.48) | (.49) | ||||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | (1.83) | ||||||
Total distributions | (.14) | (5.95) | (1.95) | (1.04) | (1.39) | (2.32) | ||||||
Net asset value, end of period | $ | 42.99 | $ | 36.90 | $ | 59.15 | $ | 46.08 | $ | 43.53 | $ | 40.22 |
Total Return E,F | 16.91% | (30.37)% | 33.26% | 8.37% | �� | 12.26% | (9.81)% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .73% I | .99% | 1.02% | 1.04% | .80% | .91% | ||||||
Expenses net of fee waivers, if any | .73% I | .99% | 1.02% | 1.04% | .80% | .91% | ||||||
Expenses net of all reductions | .73% I | .99% | 1.02% | 1.03% | .79% | .90% | ||||||
Net investment income (loss) | 1.40% I | 1.59% C | .62% | .70% | 1.89% D | 1.15% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 548 | $ | 509 | $ | 566 | $ | 388 | $ | 463 | $ | 579 |
Portfolio turnover rate J | 60% I,K | 43% K | 41% K | 34% K | 70% K | 45% K |
Fidelity Advisor® International Discovery Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 36.88 | $ | 59.14 | $ | 46.07 | $ | 43.52 | $ | 40.22 | $ | 46.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .76 C | .43 | .36 | .82 D | .58 | ||||||
Net realized and unrealized gain (loss) | 5.94 | (16.99) | 14.64 | 3.29 | 3.94 | (4.89) | ||||||
Total from investment operations | 6.25 | (16.23) | 15.07 | 3.65 | 4.76 | (4.31) | ||||||
Distributions from net investment income | (.19) | (1.65) | (.29) | (.82) | (.54) | (.56) | ||||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | (1.83) | ||||||
Total distributions | (.19) | (6.03) | (2.00) | (1.10) | (1.46) E | (2.39) | ||||||
Net asset value, end of period | $ | 42.94 | $ | 36.88 | $ | 59.14 | $ | 46.07 | $ | 43.52 | $ | 40.22 |
Total Return F,G | 16.97% | (30.29)% | 33.40% | 8.53% | 12.42% | (9.68)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .62% J | .87% | .90% | .91% | .66% | .77% | ||||||
Expenses net of fee waivers, if any | .61% J | .87% | .90% | .91% | .66% | .77% | ||||||
Expenses net of all reductions | .61% J | .87% | .90% | .91% | .65% | .76% | ||||||
Net investment income (loss) | 1.51% J | 1.71% C | .74% | .83% | 2.03% D | 1.29% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 2,934 | $ | 2,720 | $ | 3,972 | $ | 54 | $ | 82 | $ | 118 |
Portfolio turnover rate K | 60% J,L | 43% L | 41% L | 34% L | 70% L | 45% L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in Input A |
Equities | $101,355 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.0 - 20.0 / 10.4 | Increase |
Enterprise value/Net income multiple (EV/NI) | 15.0 | Increase | |||
Market approach | Discount rate | 50.0% | Decrease |
Fidelity International Discovery Fund | $375 |
Gross unrealized appreciation | $1,850,202 |
Gross unrealized depreciation | (322,761) |
Net unrealized appreciation (depreciation) | $1,527,441 |
Tax cost | $6,531,019 |
Short-term | $(389,025) |
Purchases ($) | Sales ($) | |
Fidelity International Discovery Fund | 2,279,971 | 2,581,445 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity International Discovery Fund | 2,234 | 23,400 | 93,437 | Class K |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity International Discovery Fund | 5,635 | 85,105 | 263,151 | International Discovery and Class K |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $177 | $3 |
Class M | .25% | .25% | 43 | 1 |
Class C | .75% | .25% | 29 | 2 |
$249 | $6 |
Retained by FDC | |
Class A | $9 |
Class M | - A |
Class C B | 1 |
$10 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $169 | .24 |
Class M | 20 | .23 |
Class C | 7 | .26 |
International Discovery | 2,711 | .15 |
Class K | 130 | .04 |
Class I | 423 | .16 |
Class Z | 601 | .04 |
$4,061 |
% of Average Net Assets | |
Fidelity International Discovery Fund | .02 |
Amount | |
Fidelity International Discovery Fund | $3 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Discovery Fund | 66,518 | 46,313 | (7,361) |
Amount | |
Fidelity International Discovery Fund | $8 |
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 International Discovery Fund | $52 | $- | $- |
Expense reduction | |
Class M | $- A |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Discovery Fund | ||
Distributions to shareholders | ||
Class A | $- | $20,037 |
Class M | - | 2,384 |
Class C | - | 909 |
International Discovery | 12,630 | 509,968 |
Class K | 2,923 | 134,333 |
Class I | 1,852 | 53,775 |
Class Z | 13,303 | 406,122 |
Total | $30,708 | $1,127,528 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Discovery Fund | ||||
Class A | ||||
Shares sold | 97 | 268 | $3,943 | $11,889 |
Reinvestment of distributions | - | 387 | - | 19,790 |
Shares redeemed | (262) | (597) | (10,658) | (26,398) |
Net increase (decrease) | (165) | 58 | $(6,715) | $5,281 |
Class M | ||||
Shares sold | 10 | 22 | $404 | $962 |
Reinvestment of distributions | - | 47 | - | 2,368 |
Shares redeemed | (33) | (58) | (1,314) | (2,608) |
Net increase (decrease) | (23) | 11 | $(910) | $722 |
Class C | ||||
Shares sold | 8 | 12 | $332 | $599 |
Reinvestment of distributions | - | 18 | - | 888 |
Shares redeemed | (23) | (57) | (917) | (2,536) |
Net increase (decrease) | (15) | (27) | $(585) | $(1,049) |
International Discovery | ||||
Shares sold | 2,653 | 7,204 | $109,350 | $327,014 |
Reinvestment of distributions | 286 | 9,116 | 11,602 | 469,882 |
Shares redeemed | (6,341) | (11,205) | (260,019) | (499,877) |
Net increase (decrease) | (3,402) | 5,115 | $(139,067) | $297,019 |
Class K | ||||
Shares sold | 776 | 2,511 | $31,813 | $114,979 |
Reinvestment of distributions | 72 | 2,616 | 2,923 | 134,333 |
Shares redeemed | (4,233) | (11,983) | (174,333) | (555,470) |
Net increase (decrease) | (3,385) | (6,856) | $(139,597) | $(306,158) |
Class I | ||||
Shares sold | 1,167 | 34,479 | $47,270 | $1,453,949 |
Reinvestment of distributions | 9 | 298 | 373 | 15,297 |
Shares redeemed | (2,227) | (30,537) | (90,433) | (1,266,702) |
Net increase (decrease) | (1,051) | 4,240 | $(42,790) | $202,544 |
Class Z | ||||
Shares sold | 378 | 3,672 | $15,628 | $187,806 |
Reinvestment of distributions | 329 | 7,866 | 13,272 | 403,304 |
Shares redeemed | (6,136) | (4,955) | (247,032) | (200,579) |
Net increase (decrease) | (5,429) | 6,583 | $(218,132) | $390,531 |
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | |
Fidelity International Discovery Fund | 26% | 10% |
Fund | % of shares held |
Fidelity International Discovery Fund | 39% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Discovery Fund | ||||||||||
Class A | 1.06% | |||||||||
Actual | $ 1,000 | $ 1,166.80 | $ 5.69 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.54 | $ 5.31 | |||||||
Class M | 1.30% | |||||||||
Actual | $ 1,000 | $ 1,165.80 | $ 6.98 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.35 | $ 6.51 | |||||||
Class C | 1.83% | |||||||||
Actual | $ 1,000 | $ 1,162.70 | $ 9.81 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.72 | $ 9.15 | |||||||
Fidelity® International Discovery Fund | .72% | |||||||||
Actual | $ 1,000 | $ 1,169.00 | $ 3.87 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.22 | $ 3.61 | |||||||
Class K | .61% | |||||||||
Actual | $ 1,000 | $ 1,169.70 | $ 3.28 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.77 | $ 3.06 | |||||||
Class I | .73% | |||||||||
Actual | $ 1,000 | $ 1,169.10 | $ 3.93 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.17 | $ 3.66 | |||||||
Class Z | .61% | |||||||||
Actual | $ 1,000 | $ 1,169.70 | $ 3.28 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.77 | $ 3.06 | |||||||
- 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) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.1 | |
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.4 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.0 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.7 | |
Linde PLC (United States of America, Chemicals) | 1.6 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.6 | |
Hoya Corp. (Japan, Health Care Equipment & Supplies) | 1.5 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 1.4 | |
20.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.6 | |
Industrials | 20.1 | |
Information Technology | 13.0 | |
Health Care | 11.4 | |
Consumer Discretionary | 10.1 | |
Consumer Staples | 6.6 | |
Materials | 6.4 | |
Energy | 3.9 | |
Communication Services | 0.7 | |
Real Estate | 0.6 | |
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 - 95.0% | |||
Shares | Value ($) | ||
Australia - 1.6% | |||
Aristocrat Leisure Ltd. | 930,555 | 23,538,829 | |
Flutter Entertainment PLC (a) | 207,974 | 41,597,246 | |
Glencore PLC | 14,357,690 | 84,748,179 | |
TOTAL AUSTRALIA | 149,884,254 | ||
Belgium - 0.9% | |||
KBC Group NV | 1,214,696 | 86,706,315 | |
Canada - 6.3% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,176,862 | 58,736,693 | |
Cameco Corp. | 821,640 | 22,590,021 | |
Canadian Natural Resources Ltd. | 2,105,494 | 128,301,719 | |
Canadian Pacific Kansas City Ltd. (b) | 658,930 | 51,950,041 | |
Constellation Software, Inc. | 51,531 | 100,860,565 | |
Franco-Nevada Corp. | 382,011 | 57,964,957 | |
GFL Environmental, Inc. (b) | 1,856,392 | 67,387,030 | |
Imperial Oil Ltd. | 805,021 | 41,033,878 | |
Lumine Group, Inc. | 155,431 | 2,093,675 | |
Thomson Reuters Corp. | 337,124 | 44,331,116 | |
Tourmaline Oil Corp. | 823,392 | 36,992,930 | |
TOTAL CANADA | 612,242,625 | ||
China - 1.9% | |||
Anta Sports Products Ltd. | 2,678,400 | 33,282,408 | |
Chervon Holdings Ltd. | 3,061,999 | 15,582,124 | |
Haier Smart Home Co. Ltd. (A Shares) | 1,259,374 | 4,330,221 | |
Kweichow Moutai Co. Ltd. (A Shares) | 103,955 | 26,524,588 | |
Li Ning Co. Ltd. | 4,098,259 | 29,309,184 | |
NXP Semiconductors NV | 403,455 | 66,061,722 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 453,800 | 4,064,646 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 98,000 | 4,430,553 | |
Sunny Optical Technology Group Co. Ltd. | 343,676 | 3,631,731 | |
TOTAL CHINA | 187,217,177 | ||
Denmark - 3.6% | |||
Carlsberg A/S Series B | 223,800 | 36,971,912 | |
DSV A/S | 620,145 | 116,474,865 | |
Novo Nordisk A/S Series B | 1,164,171 | 193,665,084 | |
TOTAL DENMARK | 347,111,861 | ||
France - 10.7% | |||
Air Liquide SA | 216,146 | 38,882,554 | |
Airbus Group NV (b) | 735,629 | 103,013,531 | |
AXA SA | 2,045,201 | 66,755,710 | |
BNP Paribas SA | 1,819,469 | 117,562,059 | |
Capgemini SA | 516,295 | 93,812,510 | |
Edenred SA | 367,789 | 23,878,314 | |
EssilorLuxottica SA | 502,968 | 99,427,147 | |
Legrand SA | 528,360 | 49,894,530 | |
LVMH Moet Hennessy Louis Vuitton SE | 310,621 | 298,780,541 | |
Pernod Ricard SA | 541,858 | 125,027,155 | |
Sartorius Stedim Biotech | 53,552 | 14,309,670 | |
Teleperformance | 39,679 | 7,904,990 | |
TOTAL FRANCE | 1,039,248,711 | ||
Germany - 5.9% | |||
Allianz SE | 539,228 | 135,403,847 | |
Bayer AG | 405,647 | 26,771,189 | |
Deutsche Borse AG | 444,026 | 84,679,598 | |
Deutsche Post AG | 1,865,086 | 89,709,886 | |
Hannover Reuck SE | 272,987 | 58,235,727 | |
Infineon Technologies AG | 244,701 | 8,911,221 | |
Merck KGaA | 431,050 | 77,207,023 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 135,130 | 50,700,364 | |
Siemens Healthineers AG (c) | 544,402 | 33,845,036 | |
TOTAL GERMANY | 565,463,891 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 4,840,500 | 11,414,218 | |
Hong Kong - 2.5% | |||
AIA Group Ltd. | 18,182,114 | 197,950,052 | |
Prudential PLC | 1,408,151 | 21,546,175 | |
Techtronic Industries Co. Ltd. | 2,096,502 | 22,680,985 | |
TOTAL HONG KONG | 242,177,212 | ||
India - 3.4% | |||
Axis Bank Ltd. | 2,650,700 | 28,010,073 | |
Fairfax India Holdings Corp. (a)(c) | 1,341,170 | 17,435,210 | |
HDFC Bank Ltd. | 6,527,794 | 135,105,920 | |
Housing Development Finance Corp. Ltd. | 2,637,447 | 89,957,529 | |
Reliance Industries Ltd. | 1,959,546 | 58,254,348 | |
TOTAL INDIA | 328,763,080 | ||
Indonesia - 1.1% | |||
PT Bank Central Asia Tbk | 82,277,170 | 50,917,352 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 144,586,315 | 50,385,330 | |
TOTAL INDONESIA | 101,302,682 | ||
Ireland - 0.9% | |||
CRH PLC | 361,400 | 17,438,987 | |
Kingspan Group PLC (Ireland) | 706,442 | 48,807,463 | |
Ryanair Holdings PLC sponsored ADR (a) | 247,424 | 23,651,260 | |
TOTAL IRELAND | 89,897,710 | ||
Israel - 0.7% | |||
NICE Ltd. sponsored ADR (a) | 313,791 | 64,016,502 | |
Italy - 1.3% | |||
FinecoBank SpA | 3,554,341 | 53,773,934 | |
Reply SpA | 77,713 | 9,034,171 | |
UniCredit SpA | 3,136,629 | 62,153,809 | |
TOTAL ITALY | 124,961,914 | ||
Japan - 15.7% | |||
Bandai Namco Holdings, Inc. | 424,647 | 9,646,035 | |
Daikin Industries Ltd. | 257,888 | 46,840,474 | |
FUJIFILM Holdings Corp. | 1,328,922 | 69,263,378 | |
Fujitsu Ltd. | 206,048 | 27,461,524 | |
Hitachi Ltd. | 2,512,632 | 138,985,325 | |
Hoya Corp. | 1,398,673 | 146,657,916 | |
Itochu Corp. | 2,945,975 | 97,732,308 | |
Keyence Corp. | 247,942 | 111,811,006 | |
Minebea Mitsumi, Inc. | 3,889,872 | 72,035,136 | |
Misumi Group, Inc. | 1,678,452 | 42,342,657 | |
Nomura Research Institute Ltd. | 1,048,003 | 26,367,282 | |
Olympus Corp. | 1,065,292 | 18,649,446 | |
ORIX Corp. | 3,385,617 | 57,597,888 | |
Persol Holdings Co. Ltd. | 2,321,306 | 47,863,972 | |
Relo Group, Inc. | 1,723,780 | 26,798,553 | |
Renesas Electronics Corp. (a) | 722,367 | 9,414,211 | |
Seven & i Holdings Co. Ltd. | 1,084,756 | 49,158,376 | |
Shin-Etsu Chemical Co. Ltd. | 4,437,270 | 126,621,146 | |
SMC Corp. | 165,307 | 82,446,011 | |
Sony Group Corp. | 1,364,788 | 123,477,485 | |
Sumitomo Mitsui Financial Group, Inc. | 1,523,133 | 62,255,987 | |
Suzuki Motor Corp. | 637,017 | 22,211,813 | |
TIS, Inc. | 1,411,261 | 38,752,838 | |
Tokyo Electron Ltd. | 597,504 | 68,417,499 | |
TOTAL JAPAN | 1,522,808,266 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 1,581,670 | 77,855,472 | |
Luxembourg - 0.5% | |||
Eurofins Scientific SA | 681,669 | 47,516,551 | |
Netherlands - 5.7% | |||
Adyen BV (a)(c) | 19,622 | 31,529,645 | |
Argenx SE (a) | 89,248 | 34,427,256 | |
ASML Holding NV (depository receipt) | 411,079 | 261,799,772 | |
BE Semiconductor Industries NV | 169,699 | 15,209,875 | |
IMCD NV | 500,460 | 75,108,426 | |
Wolters Kluwer NV | 993,222 | 131,495,923 | |
TOTAL NETHERLANDS | 549,570,897 | ||
Singapore - 0.1% | |||
Sea Ltd. ADR (a) | 111,684 | 8,506,970 | |
Spain - 1.9% | |||
Amadeus IT Holding SA Class A (a) | 344,200 | 24,192,107 | |
Banco Santander SA (Spain) (b) | 11,113,482 | 39,021,706 | |
CaixaBank SA (b) | 13,733,556 | 50,836,223 | |
Industria de Diseno Textil SA (b) | 2,097,933 | 72,032,957 | |
TOTAL SPAIN | 186,082,993 | ||
Sweden - 2.0% | |||
Indutrade AB | 3,585,245 | 85,898,625 | |
Investor AB (B Shares) | 4,536,799 | 97,238,767 | |
Kry International AB (a)(d)(e) | 2,651 | 207,225 | |
Nibe Industrier AB (B Shares) | 576,302 | 6,434,545 | |
TOTAL SWEDEN | 189,779,162 | ||
Switzerland - 1.7% | |||
Compagnie Financiere Richemont SA Series A | 245,338 | 40,554,585 | |
Julius Baer Group Ltd. | 200,349 | 14,282,305 | |
Sika AG | 269,103 | 74,332,443 | |
Zurich Insurance Group Ltd. | 79,428 | 38,369,984 | |
TOTAL SWITZERLAND | 167,539,317 | ||
Taiwan - 1.1% | |||
ECLAT Textile Co. Ltd. | 654,000 | 10,407,694 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,187,413 | 100,098,916 | |
TOTAL TAIWAN | 110,506,610 | ||
United Kingdom - 12.4% | |||
AstraZeneca PLC (United Kingdom) | 1,123,703 | 165,367,489 | |
B&M European Value Retail SA | 11,949,938 | 72,041,752 | |
BAE Systems PLC | 9,929,973 | 126,507,696 | |
Beazley PLC | 3,886,655 | 29,087,517 | |
Big Yellow Group PLC | 1,665,833 | 25,624,876 | |
Compass Group PLC | 2,632,166 | 69,439,067 | |
Diageo PLC | 2,279,426 | 103,978,546 | |
Entain PLC | 1,381,863 | 25,077,317 | |
Games Workshop Group PLC | 123,644 | 15,414,648 | |
Hiscox Ltd. | 4,096,094 | 60,846,596 | |
JD Sports Fashion PLC | 16,751,352 | 33,904,667 | |
Lloyds Banking Group PLC | 39,363,803 | 23,914,369 | |
NatWest Group PLC | 6,828,101 | 22,492,442 | |
RELX PLC: | |||
(Euronext N.V.) | 4,540,137 | 150,683,642 | |
rights (a)(f) | 4,540,137 | 2,195,369 | |
Rentokil Initial PLC | 10,965,611 | 87,300,020 | |
S4 Capital PLC (a) | 4,188,485 | 7,695,790 | |
Smith & Nephew PLC | 3,703,989 | 61,003,827 | |
Standard Chartered PLC (United Kingdom) | 4,382,426 | 34,609,846 | |
Starling Bank Ltd. Series D (a)(d)(e) | 8,636,400 | 32,778,463 | |
WPP PLC | 4,470,664 | 52,102,991 | |
TOTAL UNITED KINGDOM | 1,202,066,930 | ||
United States of America - 11.6% | |||
Aon PLC | 149,883 | 48,738,954 | |
Booking Holdings, Inc. (a) | 3,705 | 9,952,779 | |
Experian PLC | 1,252,858 | 44,357,291 | |
Ferguson PLC | 606,837 | 85,377,817 | |
ICON PLC (a) | 224,804 | 43,317,483 | |
IQVIA Holdings, Inc. (a) | 205,817 | 38,740,934 | |
Linde PLC | 421,050 | 155,556,923 | |
Marsh & McLennan Companies, Inc. | 466,082 | 83,983,316 | |
Marvell Technology, Inc. | 1,252,536 | 49,450,121 | |
MasterCard, Inc. Class A | 160,394 | 60,954,532 | |
Nestle SA (Reg. S) | 1,793,479 | 230,084,657 | |
Roche Holding AG (participation certificate) | 328,050 | 102,725,645 | |
S&P Global, Inc. | 208,579 | 75,626,574 | |
Schlumberger Ltd. | 1,914,554 | 94,483,240 | |
TOTAL UNITED STATES OF AMERICA | 1,123,350,266 | ||
Zambia - 0.6% | |||
First Quantum Minerals Ltd. | 2,207,645 | 53,641,121 | |
TOTAL COMMON STOCKS (Cost $6,229,104,851) | 9,189,632,707 | ||
Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.4% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(d)(e) | 79,275 | 10,332,127 | |
United States of America - 0.3% | |||
Wasabi Holdings, Inc. Series C (a)(d)(e) | 2,976,172 | 28,601,013 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 38,933,140 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 15,316 | 1,197,233 | |
TOTAL PREFERRED STOCKS (Cost $59,932,348) | 40,130,373 | ||
Money Market Funds - 5.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (g) | 363,493,113 | 363,565,811 | |
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h) | 208,813,348 | 208,834,229 | |
TOTAL MONEY MARKET FUNDS (Cost $572,399,084) | 572,400,040 | ||
TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $6,861,436,283) | 9,802,163,120 |
NET OTHER ASSETS (LIABILITIES) - (1.3)% | (125,997,001) |
NET ASSETS - 100.0% | 9,676,166,119 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $82,809,891 or 0.9% of net assets. |
(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 $73,116,061 or 0.8% of net assets. |
(e) | Level 3 security |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 20,595,368 |
Kry International AB | 5/14/21 | 1,151,345 |
Kry International AB Series E | 5/14/21 | 7,002,062 |
Starling Bank Ltd. Series D | 6/18/21 | 15,440,896 |
Wasabi Holdings, Inc. Series C | 3/31/21 | 32,334,918 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 378,167,562 | 514,375,749 | 528,977,499 | 5,262,880 | - | (1) | 363,565,811 | 0.9% |
Fidelity Securities Lending Cash Central Fund 4.88% | 172,610,171 | 923,002,480 | 886,778,422 | 420,772 | - | - | 208,834,229 | 0.6% |
Total | 550,777,733 | 1,437,378,229 | 1,415,755,921 | 5,683,652 | - | (1) | 572,400,040 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 68,305,751 | 16,202,760 | 52,102,991 | - |
Consumer Discretionary | 974,773,459 | 270,021,366 | 704,752,093 | - |
Consumer Staples | 630,481,927 | 220,735,760 | 409,746,167 | - |
Energy | 381,656,136 | 323,401,788 | 58,254,348 | - |
Financials | 2,206,736,650 | 884,904,179 | 1,289,054,008 | 32,778,463 |
Health Care | 1,108,062,249 | 354,363,844 | 753,698,405 | - |
Industrials | 1,953,475,580 | 945,400,273 | 1,008,075,307 | - |
Information Technology | 1,244,661,589 | 762,437,829 | 441,886,162 | 40,337,598 |
Materials | 609,186,310 | 267,163,001 | 342,023,309 | - |
Real Estate | 52,423,429 | 25,624,876 | 26,798,553 | - |
Money Market Funds | 572,400,040 | 572,400,040 | - | - |
Total Investments in Securities: | 9,802,163,120 | 4,642,655,716 | 5,086,391,343 | 73,116,061 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $195,697,226) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,289,037,199) | $ | 9,229,763,080 | ||
Fidelity Central Funds (cost $572,399,084) | 572,400,040 | |||
Total Investment in Securities (cost $6,861,436,283) | $ | 9,802,163,120 | ||
Foreign currency held at value (cost $14,197,037) | 14,325,283 | |||
Receivable for investments sold | 88,275,400 | |||
Receivable for fund shares sold | 2,351,924 | |||
Dividends receivable | 25,731,774 | |||
Reclaims receivable | 31,437,816 | |||
Distributions receivable from Fidelity Central Funds | 1,455,951 | |||
Prepaid expenses | 3,661 | |||
Other receivables | 1,323,466 | |||
Total assets | 9,967,068,395 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 53,937,888 | ||
Delayed delivery | 2,195,374 | |||
Payable for fund shares redeemed | 4,882,889 | |||
Accrued management fee | 3,130,310 | |||
Other affiliated payables | 1,200,674 | |||
Other payables and accrued expenses | 16,720,912 | |||
Collateral on securities loaned | 208,834,229 | |||
Total Liabilities | 290,902,276 | |||
Net Assets | $ | 9,676,166,119 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,533,809,036 | ||
Total accumulated earnings (loss) | 3,142,357,083 | |||
Net Assets | $ | 9,676,166,119 | ||
Net Asset Value and Maximum Offering Price | ||||
Diversified International : | ||||
Net Asset Value , offering price and redemption price per share ($8,192,295,174 ÷ 202,573,990 shares) | $ | 40.44 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($1,483,870,945 ÷ 36,768,383 shares) | $ | 40.36 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 93,173,469 | ||
Foreign Tax Reclaims | 5,671,639 | |||
Income from Fidelity Central Funds (including $420,772 from security lending) | 5,683,652 | |||
Income before foreign taxes withheld | $ | 104,528,760 | ||
Less foreign taxes withheld | (15,835,491) | |||
Total Income | 88,693,269 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 30,482,799 | ||
Performance adjustment | (4,936,387) | |||
Transfer agent fees | 6,365,304 | |||
Accounting fees | 837,418 | |||
Custodian fees and expenses | 347,892 | |||
Independent trustees' fees and expenses | 31,005 | |||
Registration fees | 63,177 | |||
Audit | 92,780 | |||
Legal | 7,201 | |||
Miscellaneous | 20,094 | |||
Total expenses before reductions | 33,311,283 | |||
Expense reductions | (216,043) | |||
Total expenses after reductions | 33,095,240 | |||
Net Investment income (loss) | 55,598,029 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $2,472,713) | 187,590,971 | |||
Redemptions in-kind | 52,451,555 | |||
Foreign currency transactions | 153,501 | |||
Total net realized gain (loss) | 240,196,027 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $525,603) | 1,417,491,652 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 3,628,842 | |||
Total change in net unrealized appreciation (depreciation) | 1,421,120,493 | |||
Net gain (loss) | 1,661,316,520 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,716,914,549 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 55,598,029 | $ | 92,319,482 |
Net realized gain (loss) | 240,196,027 | 665,262,947 | ||
Change in net unrealized appreciation (depreciation) | 1,421,120,493 | (4,726,389,174) | ||
Net increase (decrease) in net assets resulting from operations | 1,716,914,549 | (3,968,806,745) | ||
Distributions to shareholders | (123,021,624) | (1,395,065,915) | ||
Share transactions - net increase (decrease) | (545,101,274) | (845,248,874) | ||
Total increase (decrease) in net assets | 1,048,791,651 | (6,209,121,534) | ||
Net Assets | ||||
Beginning of period | 8,627,374,468 | 14,836,496,002 | ||
End of period | $ | 9,676,166,119 | $ | 8,627,374,468 |
Fidelity® Diversified International Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 33.99 | $ | 53.38 | $ | 41.61 | $ | 38.67 | $ | 35.72 | $ | 41.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .22 | .33 | .16 | .10 | .50 | .50 | ||||||
Net realized and unrealized gain (loss) | 6.72 | (14.58) | 12.07 | 3.37 | 4.77 | (4.05) | ||||||
Total from investment operations | 6.94 | (14.25) | 12.23 | 3.47 | 5.27 | (3.55) | ||||||
Distributions from net investment income | (.14) | (.57) | (.02) | (.53) | (.43) | (.43) | ||||||
Distributions from net realized gain | (.35) | (4.57) | (.45) | - | (1.89) | (1.69) | ||||||
Total distributions | (.49) | (5.14) | (.46) C | (.53) | (2.32) | (2.12) | ||||||
Net asset value, end of period | $ | 40.44 | $ | 33.99 | $ | 53.38 | $ | 41.61 | $ | 38.67 | $ | 35.72 |
Total Return D,E | 20.53% | (29.36)% | 29.58% | 9.07% | 16.02% | (9.05)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .73% H | .99% | 1.01% | 1.05% | .75% | .81% | ||||||
Expenses net of fee waivers, if any | .72% H | .99% | 1.01% | 1.05% | .75% | .80% | ||||||
Expenses net of all reductions | .72% H | .99% | 1.01% | 1.04% | .75% | .79% | ||||||
Net investment income (loss) | 1.17% H | .80% | .32% | .26% | 1.42% | 1.27% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 8,192,295 | $ | 7,230,515 | $ | 11,529,722 | $ | 9,419,192 | $ | 8,734,682 | $ | 9,275,299 |
Portfolio turnover rate I,J | 21% H | 20% | 29% | 29% | 37% | 30% |
Fidelity® Diversified International Fund Class K |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 33.94 | $ | 53.32 | $ | 41.56 | $ | 38.61 | $ | 35.68 | $ | 41.35 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .24 | .38 | .21 | .15 | .55 | .55 | ||||||
Net realized and unrealized gain (loss) | 6.72 | (14.58) | 12.06 | 3.37 | 4.74 | (4.05) | ||||||
Total from investment operations | 6.96 | (14.20) | 12.27 | 3.52 | 5.29 | (3.50) | ||||||
Distributions from net investment income | (.19) | (.62) | (.06) | (.57) | (.47) | (.48) | ||||||
Distributions from net realized gain | (.35) | (4.57) | (.45) | - | (1.89) | (1.69) | ||||||
Total distributions | (.54) | (5.18) C | (.51) | (.57) | (2.36) | (2.17) | ||||||
Net asset value, end of period | $ | 40.36 | $ | 33.94 | $ | 53.32 | $ | 41.56 | $ | 38.61 | $ | 35.68 |
Total Return D,E | 20.63% | (29.31)% | 29.71% | 9.22% | 16.14% | (8.95)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .62% H | .88% | .91% | .94% | .63% | .69% | ||||||
Expenses net of fee waivers, if any | .61% H | .88% | .91% | .94% | .63% | .69% | ||||||
Expenses net of all reductions | .61% H | .88% | .91% | .93% | .63% | .67% | ||||||
Net investment income (loss) | 1.28% H | .91% | .42% | .38% | 1.54% | 1.39% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,483,871 | $ | 1,396,859 | $ | 3,306,774 | $ | 3,761,267 | $ | 4,246,651 | $ | 4,998,889 |
Portfolio turnover rate I,J | 21% H | 20% | 29% | 29% | 37% | 30% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Fidelity Diversified International Fund | $1,154,427 |
Gross unrealized appreciation | $3,067,327,170 | |
Gross unrealized depreciation | (196,677,784) | |
Net unrealized appreciation (depreciation) | $2,870,649,386 | |
Tax cost | $6,931,513,734 | |
Purchases ($) | Sales ($) | |
Fidelity Diversified International Fund | 969,010,966 | 1,493,166,881 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Diversified International Fund | 4,099,739 | 52,451,555 | 151,408,332 | Diversified International and Class K |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Diversified International Fund | 26,571,800 | 431,418,900 | 1,092,083,654 | Diversified International and Class K |
Amount | % of Class-Level Average Net Assets A | |
Diversified International | $6,055,849 | .15 |
Class K | 309,455 | .04 |
$6,365,304 |
% of Average Net Assets | |
Fidelity Diversified International Fund | .02 |
Amount | |
Fidelity Diversified International Fund | $1,809 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Diversified International Fund | 28,834,796 | 57,684,876 | 8,888,189 |
Amount | |
Fidelity Diversified International Fund | $9,094 |
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 Diversified International Fund | $47,052 | $- | $- |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Diversified International Fund | ||
Distributions to shareholders | ||
Diversified International | $101,421,541 | $1,090,192,506 |
Class K | 21,600,083 | 304,873,409 |
Total | $123,021,624 | $1,395,065,915 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Diversified International Fund | ||||
Diversified International | ||||
Shares sold | 4,578,487 | 48,845,163 | $175,097,619 | $1,865,951,127 |
Reinvestment of distributions | 2,350,798 | 20,838,853 | 87,708,255 | 979,217,736 |
Shares redeemed | (17,105,908) | (72,908,948) | (645,503,715) | (2,840,874,254) |
Net increase (decrease) | (10,176,623) | (3,224,932) | $(382,697,841) | $4,294,609 |
Class K | ||||
Shares sold | 2,605,174 | 7,508,397 | $99,795,993 | $323,341,358 |
Reinvestment of distributions | 580,051 | 6,500,350 | 21,589,508 | 304,736,401 |
Shares redeemed | (7,570,395) | (34,873,914) | (283,788,934) | (1,477,621,242) |
Net increase (decrease) | (4,385,170) | (20,865,167) | $(162,403,433) | $(849,543,483) |
Strategic Advisers Fidelity International Fund | |
Fidelity Diversified International Fund | 18% |
Fund | % of shares held |
Fidelity Diversified International Fund | 23% |
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.9 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.8 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.5 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.5 | |
L'Oreal SA (France, Personal Care Products) | 2.2 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.2 | |
Hermes International SCA (France, Textiles, Apparel & Luxury Goods) | 2.0 | |
Diageo PLC (United Kingdom, Beverages) | 2.0 | |
Constellation Software, Inc. (Canada, Software) | 1.9 | |
24.0 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 24.2 | |
Industrials | 23.0 | |
Financials | 12.6 | |
Consumer Discretionary | 12.4 | |
Materials | 9.3 | |
Consumer Staples | 9.1 | |
Health Care | 8.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.9% | |||
Shares | Value ($) | ||
Brazil - 1.6% | |||
MercadoLibre, Inc. (a) | 56,429 | 72,087,483 | |
Canada - 9.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,437,653 | 71,752,663 | |
Canadian National Railway Co. | 606,998 | 72,355,004 | |
Canadian Pacific Kansas City Ltd. | 934,906 | 73,696,690 | |
Constellation Software, Inc. | 43,614 | 85,364,784 | |
GFL Environmental, Inc. | 1,547,893 | 56,221,585 | |
Thomson Reuters Corp. | 572,461 | 75,277,449 | |
TOTAL CANADA | 434,668,175 | ||
China - 1.3% | |||
NXP Semiconductors NV | 349,826 | 57,280,509 | |
Denmark - 4.5% | |||
DSV A/S | 404,182 | 75,912,962 | |
Novo Nordisk A/S Series B | 739,453 | 123,011,334 | |
TOTAL DENMARK | 198,924,296 | ||
France - 15.5% | |||
Air Liquide SA | 466,992 | 84,007,299 | |
Capgemini SA | 356,132 | 64,710,363 | |
Dassault Systemes SA | 1,747,580 | 70,613,894 | |
Hermes International SCA | 40,850 | 88,530,811 | |
L'Oreal SA | 207,671 | 99,027,340 | |
LVMH Moet Hennessy Louis Vuitton SE | 139,569 | 134,248,817 | |
Pernod Ricard SA | 350,746 | 80,930,381 | |
Safran SA | 417,958 | 65,000,731 | |
TOTAL FRANCE | 687,069,636 | ||
Germany - 1.7% | |||
Infineon Technologies AG | 2,004,681 | 73,004,017 | |
India - 6.3% | |||
HCL Technologies Ltd. | 4,957,363 | 64,881,169 | |
HDFC Bank Ltd. | 3,455,317 | 71,514,785 | |
ICICI Bank Ltd. | 6,970,220 | 78,714,620 | |
ITC Ltd. | 12,454,605 | 65,016,323 | |
TOTAL INDIA | 280,126,897 | ||
Indonesia - 1.7% | |||
PT Bank Central Asia Tbk | 122,596,418 | 75,868,980 | |
Ireland - 3.0% | |||
CRH PLC | 1,287,675 | 62,135,438 | |
Kingspan Group PLC (Ireland) | 985,264 | 68,071,032 | |
TOTAL IRELAND | 130,206,470 | ||
Israel - 1.5% | |||
NICE Ltd. sponsored ADR (a) | 314,189 | 64,097,698 | |
Italy - 1.8% | |||
Ferrari NV (Italy) | 292,531 | 81,326,359 | |
Japan - 6.4% | |||
Hoya Corp. | 681,884 | 71,498,975 | |
Keyence Corp. | 175,864 | 79,306,978 | |
Shin-Etsu Chemical Co. Ltd. | 2,198,469 | 62,735,120 | |
Tokyo Electron Ltd. | 597,885 | 68,461,126 | |
TOTAL JAPAN | 282,002,199 | ||
Korea (South) - 2.6% | |||
LG Chemical Ltd. | 108,807 | 60,464,438 | |
Samsung SDI Co. Ltd. | 108,039 | 56,091,442 | |
TOTAL KOREA (SOUTH) | 116,555,880 | ||
Netherlands - 6.0% | |||
ASM International NV (Netherlands) | 203,966 | 73,729,282 | |
ASML Holding NV (Netherlands) | 173,342 | 109,541,683 | |
Wolters Kluwer NV | 607,548 | 80,435,275 | |
TOTAL NETHERLANDS | 263,706,240 | ||
Sweden - 1.8% | |||
Atlas Copco AB (A Shares) | 5,587,653 | 80,695,015 | |
Switzerland - 3.9% | |||
Compagnie Financiere Richemont SA Series A | 585,702 | 96,817,051 | |
Sika AG | 278,478 | 76,922,034 | |
TOTAL SWITZERLAND | 173,739,085 | ||
Taiwan - 2.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 7,799,090 | 127,625,472 | |
United Kingdom - 11.2% | |||
Ashtead Group PLC | 986,762 | 56,759,979 | |
AstraZeneca PLC (United Kingdom) | 755,829 | 111,230,052 | |
Compass Group PLC | 3,061,038 | 80,753,122 | |
Diageo PLC | 1,884,746 | 85,974,780 | |
RELX PLC (London Stock Exchange) | 2,439,010 | 81,105,875 | |
Rentokil Initial PLC | 10,114,879 | 80,527,126 | |
TOTAL UNITED KINGDOM | 496,350,934 | ||
United States of America - 15.4% | |||
Fiserv, Inc. (a) | 457,100 | 55,821,052 | |
Linde PLC | 192,777 | 71,221,463 | |
Marsh & McLennan Companies, Inc. | 398,674 | 71,837,068 | |
MasterCard, Inc. Class A | 177,176 | 67,332,195 | |
Moody's Corp. | 219,461 | 68,717,628 | |
S&P Global, Inc. | 187,205 | 67,876,789 | |
Schneider Electric SA | 485,613 | 84,686,972 | |
SolarEdge Technologies, Inc. (a) | 226,472 | 64,687,197 | |
Thermo Fisher Scientific, Inc. | 113,843 | 63,171,481 | |
Waste Connections, Inc. (Canada) | 487,640 | 67,830,855 | |
TOTAL UNITED STATES OF AMERICA | 683,182,700 | ||
TOTAL COMMON STOCKS (Cost $3,316,781,494) | 4,378,518,045 | ||
Money Market Funds - 0.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (b) (Cost $39,798,774) | 39,790,816 | 39,798,774 | |
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $3,356,580,268) | 4,418,316,819 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 10,023,224 |
NET ASSETS - 100.0% | 4,428,340,043 |
(a) | Non-income producing |
(b) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 44,808,754 | 633,980,039 | 638,990,019 | 888,348 | - | - | 39,798,774 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 10,588,050 | 288,879,540 | 299,467,590 | 23,341 | - | - | - | 0.0% |
Total | 55,396,804 | 922,859,579 | 938,457,609 | 911,689 | - | - | 39,798,774 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 553,763,643 | 241,944,653 | 311,818,990 | - |
Consumer Staples | 402,701,487 | 251,710,384 | 150,991,103 | - |
Financials | 557,683,117 | 331,584,732 | 226,098,385 | - |
Health Care | 368,911,842 | 63,171,481 | 305,740,361 | - |
Industrials | 1,018,576,550 | 788,361,721 | 230,214,829 | - |
Information Technology | 1,059,395,614 | 590,025,410 | 469,370,204 | - |
Materials | 417,485,792 | 71,221,463 | 346,264,329 | - |
Money Market Funds | 39,798,774 | 39,798,774 | - | - |
Total Investments in Securities: | 4,418,316,819 | 2,377,818,618 | 2,040,498,201 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,316,781,494) | $ | 4,378,518,045 | ||
Fidelity Central Funds (cost $39,798,774) | 39,798,774 | |||
Total Investment in Securities (cost $3,356,580,268) | $ | 4,418,316,819 | ||
Foreign currency held at value (cost $1,043,485) | 1,044,881 | |||
Receivable for investments sold | 16,162,158 | |||
Receivable for fund shares sold | 1,254,416 | |||
Dividends receivable | 7,267,331 | |||
Reclaims receivable | 7,296,590 | |||
Distributions receivable from Fidelity Central Funds | 196,246 | |||
Prepaid expenses | 1,623 | |||
Other receivables | 1,927,234 | |||
Total assets | 4,453,467,298 | |||
Liabilities | ||||
Payable to custodian bank | $ | 16,149,303 | ||
Payable for fund shares redeemed | 1,812,787 | |||
Accrued management fee | 2,268,313 | |||
Other affiliated payables | 679,573 | |||
Other payables and accrued expenses | 4,217,279 | |||
Total Liabilities | 25,127,255 | |||
Net Assets | $ | 4,428,340,043 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,755,016,135 | ||
Total accumulated earnings (loss) | 673,323,908 | |||
Net Assets | $ | 4,428,340,043 | ||
Net Asset Value , offering price and redemption price per share ($4,428,340,043 ÷ 186,034,101 shares) | $ | 23.80 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 27,504,241 | ||
Non-Cash dividends | 1,397,124 | |||
Income from Fidelity Central Funds (including $23,341 from security lending) | 911,689 | |||
Income before foreign taxes withheld | $ | 29,813,054 | ||
Less foreign taxes withheld | (3,317,994) | |||
Total Income | 26,495,060 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 14,262,800 | ||
Performance adjustment | (403,118) | |||
Transfer agent fees | 3,290,358 | |||
Accounting fees | 731,710 | |||
Custodian fees and expenses | 190,459 | |||
Independent trustees' fees and expenses | 13,588 | |||
Registration fees | 47,393 | |||
Audit | 59,799 | |||
Legal | 4,854 | |||
Interest | 107,651 | |||
Miscellaneous | 8,932 | |||
Total expenses before reductions | 18,314,426 | |||
Expense reductions | (97,105) | |||
Total expenses after reductions | 18,217,321 | |||
Net Investment income (loss) | 8,277,739 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $551,343) | 34,634,433 | |||
Foreign currency transactions | 475,389 | |||
Total net realized gain (loss) | 35,109,822 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,494,140) | 778,138,188 | |||
Assets and liabilities in foreign currencies | 731,600 | |||
Total change in net unrealized appreciation (depreciation) | 778,869,788 | |||
Net gain (loss) | 813,979,610 | |||
Net increase (decrease) in net assets resulting from operations | $ | 822,257,349 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 8,277,739 | $ | 4,726,060 |
Net realized gain (loss) | 35,109,822 | (421,962,871) | ||
Change in net unrealized appreciation (depreciation) | 778,869,788 | (1,404,871,443) | ||
Net increase (decrease) in net assets resulting from operations | 822,257,349 | (1,822,108,254) | ||
Distributions to shareholders | (1,939,358) | (482,951,298) | ||
Share transactions | ||||
Proceeds from sales of shares | 209,485,691 | 1,823,528,638 | ||
Reinvestment of distributions | 1,625,726 | 405,305,190 | ||
Cost of shares redeemed | (426,352,798) | (1,952,267,374) | ||
Net increase (decrease) in net assets resulting from share transactions | (215,241,381) | 276,566,454 | ||
Total increase (decrease) in net assets | 605,076,610 | (2,028,493,098) | ||
Net Assets | ||||
Beginning of period | 3,823,263,433 | 5,851,756,531 | ||
End of period | $ | 4,428,340,043 | $ | 3,823,263,433 |
Other Information | ||||
Shares | ||||
Sold | 9,358,360 | 78,948,065 | ||
Issued in reinvestment of distributions | 72,968 | 14,830,047 | ||
Redeemed | (19,379,806) | (87,008,238) | ||
Net increase (decrease) | (9,948,478) | 6,769,874 | ||
Fidelity® International Capital Appreciation Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.51 | $ | 30.93 | $ | 24.57 | $ | 22.41 | $ | 18.84 | $ | 21.06 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .02 | (.02) | .06 | .17 C | .11 | ||||||
Net realized and unrealized gain (loss) | 4.26 | (8.86) | 6.74 | 2.86 | 3.93 | (1.63) | ||||||
Total from investment operations | 4.30 | (8.84) | 6.72 | 2.92 | 4.10 | (1.52) | ||||||
Distributions from net investment income | (.01) | - | (.05) | (.13) | (.08) | (.07) | ||||||
Distributions from net realized gain | - | (2.58) | (.31) | (.62) | (.45) | (.63) | ||||||
Total distributions | (.01) | (2.58) | (.36) | (.76) D | (.53) | (.70) | ||||||
Net asset value, end of period | $ | 23.80 | $ | 19.51 | $ | 30.93 | $ | 24.57 | $ | 22.41 | $ | 18.84 |
Total Return E,F | 22.04% | (30.97)% | 27.56% | 13.35% | 22.45% | (7.51)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .87% I | .99% | 1.00% | 1.03% | 1.01% | 1.06% | ||||||
Expenses net of fee waivers, if any | .86% I | .98% | 1.00% | 1.03% | 1.01% | 1.06% | ||||||
Expenses net of all reductions | .86% I | .98% | 1.00% | .99% | 1.00% | 1.01% | ||||||
Net investment income (loss) | .39% I | .10% | (.08)% | .25% | .81% C | .54% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,428,340 | $ | 3,823,263 | $ | 5,851,757 | $ | 4,514,343 | $ | 3,480,765 | $ | 2,165,082 |
Portfolio turnover rate J | 89% I | 112% K | 141% | 135% | 131% K | 157% K |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,115,218,842 |
Gross unrealized depreciation | (65,176,966) |
Net unrealized appreciation (depreciation) | $1,050,041,876 |
Tax cost | $3,368,274,943 |
Short-term | $(385,881,335) |
Total capital loss carryforward | $(385,881,335) |
Purchases ($) | Sales ($) | |
Fidelity International Capital Appreciation Fund | 1,842,653,670 | 2,055,258,644 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | ||
Fidelity International Capital Appreciation Fund | 237,890 | 2,446,488 | 6,501,540 | |
% of Average Net Assets | |
Fidelity International Capital Appreciation Fund | .03 |
Amount | |
Fidelity International Capital Appreciation Fund | $2,637 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Capital Appreciation Fund | Borrower | $ 22,972,657 | 4.82% | $107,651 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Capital Appreciation Fund | 34,113,296 | 58,674,582 | 3,282,891 |
Amount | |
Fidelity International Capital Appreciation Fund | $4,056 |
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 International Capital Appreciation Fund | $2,527 | $- | $- |
Strategic Advisers Fidelity International Fund | |
Fidelity International Capital Appreciation Fund | 36% |
Fund | % of shares held |
Fidelity International Capital Appreciation Fund | 40% |
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.3 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.5 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.5 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.4 | |
Diageo PLC (United Kingdom, Beverages) | 2.0 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.0 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.0 | |
AIA Group Ltd. (Hong Kong, Insurance) | 1.9 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 1.9 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.7 | |
22.2 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 22.0 | |
Financials | 21.0 | |
Health Care | 15.1 | |
Information Technology | 11.8 | |
Consumer Discretionary | 11.6 | |
Consumer Staples | 7.6 | |
Materials | 5.6 | |
Energy | 1.9 | |
Real Estate | 1.0 | |
Communication Services | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.2% | |||
Shares | Value ($) | ||
Australia - 0.7% | |||
Flutter Entertainment PLC (a) | 295,174 | 59,038,272 | |
Bailiwick of Jersey - 0.3% | |||
JTC PLC (b) | 2,649,000 | 26,400,007 | |
Belgium - 1.1% | |||
Azelis Group NV | 812,200 | 19,241,708 | |
KBC Group NV | 978,390 | 69,838,537 | |
TOTAL BELGIUM | 89,080,245 | ||
Canada - 1.5% | |||
Constellation Software, Inc. | 59,400 | 116,262,397 | |
Lumine Group, Inc. | 178,222 | 2,400,673 | |
TOTAL CANADA | 118,663,070 | ||
China - 0.1% | |||
Chervon Holdings Ltd. | 699,700 | 3,560,684 | |
Denmark - 4.7% | |||
Carlsberg A/S Series B | 303,600 | 50,154,926 | |
DSV A/S | 722,300 | 135,661,490 | |
Novo Nordisk A/S Series B | 1,139,100 | 189,494,410 | |
TOTAL DENMARK | 375,310,826 | ||
Finland - 1.0% | |||
Nordea Bank ABP | 7,207,600 | 79,996,590 | |
France - 17.5% | |||
Air Liquide SA | 647,129 | 116,412,186 | |
ALTEN | 493,956 | 83,820,678 | |
Antin Infrastructure Partners SA | 198,900 | 3,353,269 | |
BNP Paribas SA | 697,700 | 45,080,762 | |
Capgemini SA | 600,933 | 109,191,515 | |
Edenred SA | 1,938,379 | 125,847,217 | |
EssilorLuxottica SA | 598,413 | 118,294,796 | |
L'Oreal SA | 245,700 | 117,161,363 | |
LVMH Moet Hennessy Louis Vuitton SE | 275,163 | 264,674,150 | |
Pernod Ricard SA | 539,800 | 124,552,297 | |
Safran SA | 783,600 | 121,865,290 | |
Teleperformance (c) | 137,066 | 27,306,771 | |
TotalEnergies SE (c) | 2,363,944 | 151,055,887 | |
TOTAL FRANCE | 1,408,616,181 | ||
Germany - 7.4% | |||
Allianz SE | 428,601 | 107,624,649 | |
Deutsche Borse AG | 537,091 | 102,427,898 | |
Hannover Reuck SE | 464,900 | 99,176,113 | |
Infineon Technologies AG | 2,427,900 | 88,416,288 | |
Merck KGaA | 599,600 | 107,396,661 | |
Siemens Healthineers AG (b) | 1,475,900 | 91,755,519 | |
TOTAL GERMANY | 596,797,128 | ||
Hong Kong - 1.9% | |||
AIA Group Ltd. | 14,169,800 | 154,267,686 | |
India - 1.6% | |||
HCL Technologies Ltd. | 2,077,700 | 27,192,603 | |
HDFC Bank Ltd. | 4,972,900 | 102,924,239 | |
TOTAL INDIA | 130,116,842 | ||
Ireland - 1.0% | |||
Kingspan Group PLC (Ireland) | 1,160,000 | 80,143,391 | |
Italy - 2.5% | |||
FinecoBank SpA | 4,669,000 | 70,637,707 | |
GVS SpA (a)(b) | 528,100 | 3,593,315 | |
Recordati SpA | 1,698,130 | 78,083,901 | |
UniCredit SpA | 2,418,700 | 47,927,701 | |
TOTAL ITALY | 200,242,624 | ||
Japan - 11.5% | |||
Bandai Namco Holdings, Inc. | 987,000 | 22,420,120 | |
BayCurrent Consulting, Inc. | 598,000 | 20,786,486 | |
Capcom Co. Ltd. | 1,182,700 | 44,443,041 | |
FUJIFILM Holdings Corp. | 1,063,600 | 55,434,803 | |
Hoya Corp. | 853,400 | 89,483,293 | |
Iriso Electronics Co. Ltd. | 501,900 | 17,179,849 | |
Misumi Group, Inc. | 1,737,300 | 43,827,227 | |
NOF Corp. | 941,400 | 43,013,940 | |
Olympus Corp. | 2,296,500 | 40,203,487 | |
Persol Holdings Co. Ltd. | 2,299,400 | 47,412,283 | |
Relo Group, Inc. | 1,741,700 | 27,077,144 | |
Shin-Etsu Chemical Co. Ltd. | 2,179,200 | 62,185,263 | |
SMC Corp. | 154,000 | 76,806,703 | |
Sony Group Corp. | 1,419,900 | 128,463,674 | |
Suzuki Motor Corp. | 1,410,600 | 49,185,474 | |
TIS, Inc. | 1,338,700 | 36,760,333 | |
Tokio Marine Holdings, Inc. | 3,636,600 | 73,121,239 | |
Tokyo Electron Ltd. | 423,300 | 48,470,182 | |
TOTAL JAPAN | 926,274,541 | ||
Kenya - 0.1% | |||
Safaricom Ltd. | 37,952,100 | 4,604,483 | |
Luxembourg - 0.8% | |||
Eurofins Scientific SA (c) | 848,700 | 59,159,647 | |
Netherlands - 7.1% | |||
ASM International NV (Netherlands) | 222,400 | 80,392,773 | |
ASML Holding NV (Netherlands) | 320,400 | 202,473,464 | |
Euronext NV (b) | 615,280 | 48,882,144 | |
IMCD NV | 622,424 | 93,412,634 | |
Topicus.Com, Inc. (a) | 122,288 | 8,145,914 | |
Wolters Kluwer NV | 1,051,300 | 139,185,060 | |
TOTAL NETHERLANDS | 572,491,989 | ||
Spain - 1.3% | |||
Amadeus IT Holding SA Class A (a) | 1,500,557 | 105,466,692 | |
Sweden - 4.2% | |||
Addlife AB | 2,778,272 | 32,835,195 | |
AddTech AB (B Shares) | 3,841,696 | 76,796,084 | |
Atlas Copco AB (A Shares) | 7,024,444 | 101,444,669 | |
Indutrade AB | 4,506,101 | 107,961,347 | |
Kry International AB (a)(d)(e) | 2,787 | 217,856 | |
Nordnet AB | 1,189,863 | 18,657,147 | |
TOTAL SWEDEN | 337,912,298 | ||
Switzerland - 5.8% | |||
Compagnie Financiere Richemont SA Series A | 950,750 | 157,159,803 | |
Julius Baer Group Ltd. | 1,286,924 | 91,741,117 | |
Partners Group Holding AG | 66,700 | 64,412,866 | |
Sika AG | 420,382 | 116,119,185 | |
Sonova Holding AG | 115,271 | 36,340,961 | |
TOTAL SWITZERLAND | 465,773,932 | ||
Taiwan - 0.5% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,565,000 | 41,974,043 | |
United Kingdom - 14.4% | |||
Ashtead Group PLC | 976,700 | 56,181,198 | |
AstraZeneca PLC (United Kingdom) | 1,357,400 | 199,759,037 | |
BAE Systems PLC | 6,056,800 | 77,163,535 | |
Beazley PLC | 4,595,935 | 34,395,731 | |
Compass Group PLC | 5,341,398 | 140,911,209 | |
Dechra Pharmaceuticals PLC | 778,595 | 36,498,023 | |
Diageo PLC | 3,553,000 | 162,074,037 | |
Diploma PLC | 1,567,295 | 52,906,088 | |
Hiscox Ltd. | 2,935,313 | 43,603,444 | |
London Stock Exchange Group PLC | 750,400 | 78,786,946 | |
RELX PLC (London Stock Exchange) | 4,016,300 | 133,556,454 | |
Rentokil Initial PLC | 12,425,315 | 98,921,095 | |
Volution Group PLC | 7,215,267 | 39,299,788 | |
TOTAL UNITED KINGDOM | 1,154,056,585 | ||
United States of America - 11.2% | |||
CBRE Group, Inc. (a) | 769,300 | 58,974,538 | |
CDW Corp. | 195,530 | 33,159,933 | |
Equifax, Inc. | 161,400 | 33,632,532 | |
Experian PLC | 2,444,300 | 86,540,155 | |
Ferguson PLC | 642,300 | 90,367,219 | |
ICON PLC (a) | 311,400 | 60,003,666 | |
Linde PLC | 316,700 | 117,004,815 | |
Marsh & McLennan Companies, Inc. | 647,200 | 116,618,968 | |
Nestle SA (Reg. S) | 1,228,240 | 157,570,387 | |
S&P Global, Inc. | 245,805 | 89,123,977 | |
Thermo Fisher Scientific, Inc. | 106,300 | 58,985,870 | |
TOTAL UNITED STATES OF AMERICA | 901,982,060 | ||
TOTAL COMMON STOCKS (Cost $5,632,573,559) | 7,891,929,816 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) (Cost $7,360,943) | 16,101 | 1,258,596 | |
Money Market Funds - 1.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 97,384,881 | 97,404,358 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 48,850,532 | 48,855,417 | |
TOTAL MONEY MARKET FUNDS (Cost $146,259,775) | 146,259,775 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $5,786,194,277) | 8,039,448,187 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (625,659) |
NET ASSETS - 100.0% | 8,038,822,528 |
(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 $170,630,985 or 2.1% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(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 $1,476,452 or 0.0% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Kry International AB | 5/14/21 | 1,210,410 |
Kry International AB Series E | 5/14/21 | 7,360,943 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 214,978,741 | 596,671,060 | 714,245,443 | 1,811,913 | - | - | 97,404,358 | 0.2% |
Fidelity Securities Lending Cash Central Fund 4.88% | 17,314,388 | 669,063,739 | 637,522,710 | 460,752 | - | - | 48,855,417 | 0.1% |
Total | 232,293,129 | 1,265,734,799 | 1,351,768,153 | 2,272,665 | - | - | 146,259,775 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 49,047,524 | 4,604,483 | 44,443,041 | - |
Consumer Discretionary | 930,880,078 | 59,038,272 | 871,841,806 | - |
Consumer Staples | 611,513,010 | 291,868,586 | 319,644,424 | - |
Energy | 151,055,887 | - | 151,055,887 | - |
Financials | 1,694,845,954 | 982,684,834 | 712,161,120 | - |
Health Care | 1,198,294,466 | 679,354,239 | 518,940,227 | - |
Industrials | 1,764,012,522 | 1,190,689,748 | 573,322,774 | - |
Information Technology | 952,751,900 | 635,847,347 | 315,428,101 | 1,476,452 |
Materials | 454,735,389 | 117,004,815 | 337,730,574 | - |
Real Estate | 86,051,682 | 58,974,538 | 27,077,144 | - |
Money Market Funds | 146,259,775 | 146,259,775 | - | - |
Total Investments in Securities: | 8,039,448,187 | 4,166,326,637 | 3,871,645,098 | 1,476,452 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $47,419,033) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,639,934,502) | $ | 7,893,188,412 | ||
Fidelity Central Funds (cost $146,259,775) | 146,259,775 | |||
Total Investment in Securities (cost $5,786,194,277) | $ | 8,039,448,187 | ||
Foreign currency held at value (cost $8,329,701) | 8,168,623 | |||
Receivable for investments sold | 18,401,609 | |||
Receivable for fund shares sold | 2,719,944 | |||
Dividends receivable | 16,326,050 | |||
Reclaims receivable | 25,295,145 | |||
Interest receivable | 6,882 | |||
Distributions receivable from Fidelity Central Funds | 273,092 | |||
Prepaid expenses | 2,925 | |||
Other receivables | 244,885 | |||
Total assets | 8,110,887,342 | |||
Liabilities | ||||
Payable for investments purchased | $ | 12,226,630 | ||
Payable for fund shares redeemed | 2,859,760 | |||
Accrued management fee | 3,721,995 | |||
Other affiliated payables | 1,019,275 | |||
Other payables and accrued expenses | 3,381,737 | |||
Collateral on securities loaned | 48,855,417 | |||
Total Liabilities | 72,064,814 | |||
Net Assets | $ | 8,038,822,528 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,933,773,271 | ||
Total accumulated earnings (loss) | 2,105,049,257 | |||
Net Assets | $ | 8,038,822,528 | ||
Net Asset Value and Maximum Offering Price | ||||
Overseas : | ||||
Net Asset Value , offering price and redemption price per share ($7,487,724,545 ÷ 130,551,433 shares) | $ | 57.35 | ||
Class K : | ||||
Net Asset Value , offering price and redemption price per share ($551,097,983 ÷ 9,628,607 shares) | $ | 57.24 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 75,123,141 | ||
Foreign Tax Reclaims | 4,311,063 | |||
Income from Fidelity Central Funds (including $460,752 from security lending) | 2,272,665 | |||
Income before foreign taxes withheld | $ | 81,706,869 | ||
Less foreign taxes withheld | (12,462,276) | |||
Total Income | 69,244,593 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 24,594,399 | ||
Performance adjustment | (927,673) | |||
Transfer agent fees | 5,245,572 | |||
Accounting fees | 800,300 | |||
Custodian fees and expenses | 155,424 | |||
Independent trustees' fees and expenses | 24,628 | |||
Registration fees | 72,538 | |||
Audit | 65,408 | |||
Legal | 5,715 | |||
Interest | 7,793 | |||
Miscellaneous | 16,058 | |||
Total expenses before reductions | 30,060,162 | |||
Expense reductions | (173,920) | |||
Total expenses after reductions | 29,886,242 | |||
Net Investment income (loss) | 39,358,351 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $39,393) | 93,709,506 | |||
Foreign currency transactions | 54,977 | |||
Total net realized gain (loss) | 93,764,483 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,424,171) | 1,467,526,739 | |||
Assets and liabilities in foreign currencies | 2,400,260 | |||
Total change in net unrealized appreciation (depreciation) | 1,469,926,999 | |||
Net gain (loss) | 1,563,691,482 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,603,049,833 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 39,358,351 | $ | 74,612,993 |
Net realized gain (loss) | 93,764,483 | (261,677,190) | ||
Change in net unrealized appreciation (depreciation) | 1,469,926,999 | (3,015,457,116) | ||
Net increase (decrease) in net assets resulting from operations | 1,603,049,833 | (3,202,521,313) | ||
Distributions to shareholders | (57,098,273) | (471,071,500) | ||
Share transactions - net increase (decrease) | (302,907,991) | (103,633,659) �� | ||
Total increase (decrease) in net assets | 1,243,043,569 | (3,777,226,472) | ||
Net Assets | ||||
Beginning of period | 6,795,778,959 | 10,573,005,431 | ||
End of period | $ | 8,038,822,528 | $ | 6,795,778,959 |
Fidelity® Overseas Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 46.55 | $ | 69.79 | $ | 50.91 | $ | 49.51 | $ | 46.04 | $ | 50.18 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .28 | .47 | .21 | .13 | .77 | .68 | ||||||
Net realized and unrealized gain (loss) | 10.91 | (20.64) | 18.98 | 1.97 | 5.12 | (4.27) | ||||||
Total from investment operations | 11.19 | (20.17) | 19.19 | 2.10 | 5.89 | (3.59) | ||||||
Distributions from net investment income | (.39) | (.20) | (.11) | (.70) | (.68) | (.52) | ||||||
Distributions from net realized gain | - | (2.87) | (.21) | - | (1.74) | (.03) | ||||||
Total distributions | (.39) | (3.07) | (.31) C | (.70) | (2.42) | (.55) | ||||||
Net asset value, end of period | $ | 57.35 | $ | 46.55 | $ | 69.79 | $ | 50.91 | $ | 49.51 | $ | 46.04 |
Total Return D,E | 24.11% | (30.12)% | 37.83% | 4.25% | 13.78% | (7.23)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .80% H | .95% | .99% | 1.04% | .90% | .97% | ||||||
Expenses net of fee waivers, if any | .80% H | .95% | .98% | 1.04% | .90% | .97% | ||||||
Expenses net of all reductions | .80% H | .94% | .98% | 1.03% | .89% | .96% | ||||||
Net investment income (loss) | 1.03% H | .84% | .33% | .27% | 1.68% | 1.35% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 7,487,725 | $ | 6,175,776 | $ | 8,981,609 | $ | 6,160,617 | $ | 6,182,831 | $ | 5,825,757 |
Portfolio turnover rate I | 31% H | 25% | 30% J | 41% | 46% J | 33% |
Fidelity® Overseas Fund Class K |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 46.48 | $ | 69.68 | $ | 50.83 | $ | 49.43 | $ | 45.98 | $ | 50.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .30 | .54 | .27 | .19 | .82 | .73 | ||||||
Net realized and unrealized gain (loss) | 10.90 | (20.60) | 18.95 | 1.96 | 5.11 | (4.26) | ||||||
Total from investment operations | 11.20 | (20.06) | 19.22 | 2.15 | 5.93 | (3.53) | ||||||
Distributions from net investment income | (.44) | (.26) | (.16) | (.75) | (.73) | (.57) | ||||||
Distributions from net realized gain | - | (2.87) | (.21) | - | (1.74) | (.03) | ||||||
Total distributions | (.44) | (3.14) C | (.37) | (.75) | (2.48) C | (.60) | ||||||
Net asset value, end of period | $ | 57.24 | $ | 46.48 | $ | 69.68 | $ | 50.83 | $ | 49.43 | $ | 45.98 |
Total Return D,E | 24.19% | (30.04)% | 37.97% | 4.36% | 13.90% | (7.13)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .70% H | .84% | .89% | .94% | .78% | .86% | ||||||
Expenses net of fee waivers, if any | .69% H | .84% | .88% | .93% | .78% | .86% | ||||||
Expenses net of all reductions | .69% H | .84% | .88% | .93% | .77% | .85% | ||||||
Net investment income (loss) | 1.14% H | .94% | .43% | .38% | 1.79% | 1.46% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 551,098 | $ | 620,003 | $ | 1,591,397 | $ | 1,022,402 | $ | 1,040,002 | $ | 1,026,091 |
Portfolio turnover rate I | 31% H | 25% | 30% J | 41% | 46% J | 33% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Fidelity Overseas Fund | $244,885 |
Gross unrealized appreciation | $2,437,174,328 |
Gross unrealized depreciation | (208,425,184) |
Net unrealized appreciation (depreciation) | $2,228,749,144 |
Tax cost | $5,810,699,043 |
Short-term | $(248,124,930) |
Total capital loss carryforward | $(248,124,930) |
Purchases ($) | Sales ($) | |
Fidelity Overseas Fund | 1,158,711,621 | 1,364,638,219 |
Amount | % of Class-Level Average Net Assets A | |
Overseas | $ 5,119,621 | .15 |
Class K | 125,951 | .04 |
$5,245,572 |
% of Average Net Assets | |
Fidelity Overseas Fund | .02 |
Amount | |
Fidelity Overseas Fund | $568 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Capital Appreciation Fund | Borrower | $ 32,348,500 | 4.34% | $7,793 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Overseas Fund | 23,061,367 | 102,759,041 | (9,440,693) |
Amount | |
Fidelity Overseas Fund | $7,270 |
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 Overseas Fund | $49,151 | $- | $- |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Overseas Fund | ||
Distributions to shareholders | ||
Overseas | $ 51,233,808 | $398,074,722 |
Class K | 5,864,465 | 72,996,778 |
Total | $57,098,273 | $471,071,500 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Overseas Fund | ||||
Overseas | ||||
Shares sold | 6,053,153 | 40,345,843 | $323,489,781 | $2,183,494,857 |
Reinvestment of distributions | 849,241 | 5,519,644 | 44,738,039 | 355,685,872 |
Shares redeemed | (9,013,140) | (41,890,883) | (472,634,825) | (2,190,097,209) |
Net increase (decrease) | (2,110,746) | 3,974,604 | $(104,407,005) | $349,083,520 |
Class K | ||||
Shares sold | 1,198,557 | 4,842,077 | $64,463,555 | $287,643,692 |
Reinvestment of distributions | 111,598 | 1,135,606 | 5,864,465 | 72,996,779 |
Shares redeemed | (5,021,175) | (15,475,778) | (268,829,006) | (813,357,650) |
Net increase (decrease) | (3,711,020) | (9,498,095) | $(198,500,986) | $(452,717,179) |
Strategic Advisers Fidelity International Fund | |
Fidelity Overseas Fund | 29% |
Fund | % of shares held |
Fidelity Overseas Fund | 49% |
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. (United States of America, Software) | 5.6 | |
Meta Platforms, Inc. Class A (United States of America, Interactive Media & Services) | 4.2 | |
S&P Global, Inc. (United States of America, Capital Markets) | 3.4 | |
Fiserv, Inc. (United States of America, Financial Services) | 3.2 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 3.2 | |
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 3.1 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 2.8 | |
Alphabet, Inc. Class A (United States of America, Interactive Media & Services) | 2.5 | |
TJX Companies, Inc. (United States of America, Specialty Retail) | 2.4 | |
Cummins, Inc. (United States of America, Machinery) | 2.0 | |
32.4 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 22.0 | |
Financials | 17.6 | |
Consumer Discretionary | 15.1 | |
Health Care | 12.6 | |
Industrials | 11.2 | |
Communication Services | 9.8 | |
Consumer Staples | 3.7 | |
Materials | 2.9 | |
Energy | 1.7 | |
Real Estate | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.1% | |||
Shares | Value ($) | ||
Australia - 2.0% | |||
Aub Group Ltd. | 220,000 | 4,032,036 | |
carsales.com Ltd. | 544,560 | 8,635,801 | |
Flutter Entertainment PLC (a) | 46,300 | 9,260,545 | |
Glencore PLC | 1,280,000 | 7,555,371 | |
Lovisa Holdings Ltd. | 357,317 | 6,339,219 | |
National Storage REIT unit | 4,853,097 | 8,083,226 | |
TOTAL AUSTRALIA | 43,906,198 | ||
Austria - 0.3% | |||
Wienerberger AG | 203,600 | 6,124,669 | |
Belgium - 0.5% | |||
Azelis Group NV | 68,300 | 1,618,085 | |
Fagron NV | 185,330 | 3,443,067 | |
UCB SA | 60,600 | 5,637,157 | |
TOTAL BELGIUM | 10,698,309 | ||
Canada - 1.3% | |||
Constellation Software, Inc. | 3,700 | 7,241,934 | |
Definity Financial Corp. | 144,900 | 3,930,380 | |
Franco-Nevada Corp. | 100 | 15,174 | |
Lumine Group, Inc. | 11,101 | 149,532 | |
PrairieSky Royalty Ltd. | 836,068 | 13,193,441 | |
Shopify, Inc. Class A (a) | 46,000 | 2,228,700 | |
Thomson Reuters Corp. | 18,000 | 2,366,963 | |
TOTAL CANADA | 29,126,124 | ||
China - 1.3% | |||
Centre Testing International Group Co. Ltd. (A Shares) | 959,500 | 2,677,089 | |
Kweichow Moutai Co. Ltd. (A Shares) | 18,100 | 4,618,297 | |
Meituan Class B (a)(b) | 12,000 | 205,085 | |
PICC Property & Casualty Co. Ltd. (H Shares) | 5,706,946 | 6,902,315 | |
Tencent Holdings Ltd. | 182,800 | 8,119,266 | |
Trip.com Group Ltd. ADR (a) | 160,600 | 5,702,906 | |
TOTAL CHINA | 28,224,958 | ||
Denmark - 1.4% | |||
DSV A/S | 38,284 | 7,190,453 | |
GN Store Nord A/S (a)(c) | 246,575 | 6,561,239 | |
Novo Nordisk A/S Series B | 99,000 | 16,469,095 | |
TOTAL DENMARK | 30,220,787 | ||
Finland - 0.6% | |||
Nanoform Finland PLC (a) | 754,800 | 1,863,040 | |
Olvi Oyj (A Shares) | 86,661 | 2,826,556 | |
Sampo Oyj (A Shares) | 159,551 | 8,080,193 | |
TOTAL FINLAND | 12,769,789 | ||
France - 2.4% | |||
L'Oreal SA | 31,000 | 14,782,264 | |
LVMH Moet Hennessy Louis Vuitton SE | 22,427 | 21,572,113 | |
Pernod Ricard SA | 26,100 | 6,022,258 | |
TotalEnergies SE | 101,941 | 6,514,024 | |
Worldline SA (a)(b) | 113,900 | 4,942,442 | |
TOTAL FRANCE | 53,833,101 | ||
Germany - 1.3% | |||
Deutsche Post AG | 204,311 | 9,827,277 | |
Gerresheimer AG | 30,000 | 3,262,726 | |
Instone Real Estate Group BV (b)(c) | 332,488 | 2,656,172 | |
Nexus AG | 46,000 | 2,635,745 | |
Siemens Healthineers AG (b) | 63,100 | 3,922,876 | |
Stabilus Se | 118,586 | 7,735,659 | |
TOTAL GERMANY | 30,040,455 | ||
Hong Kong - 1.6% | |||
AIA Group Ltd. | 761,327 | 8,288,625 | |
Hong Kong Exchanges and Clearing Ltd. | 170,174 | 7,065,097 | |
Prudential PLC | 1,366,086 | 20,902,537 | |
TOTAL HONG KONG | 36,256,259 | ||
Hungary - 0.1% | |||
Richter Gedeon PLC | 86,900 | 2,097,089 | |
India - 0.2% | |||
HDFC Bank Ltd. | 212,324 | 4,394,475 | |
Pine Labs Private Ltd. (a)(d)(e) | 792 | 436,036 | |
TOTAL INDIA | 4,830,511 | ||
Indonesia - 0.9% | |||
PT Astra International Tbk | 13,899,000 | 6,411,176 | |
PT Bank Central Asia Tbk | 7,470,500 | 4,623,130 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 20,994,500 | 7,316,148 | |
PT United Tractors Tbk | 1,194,000 | 2,357,047 | |
TOTAL INDONESIA | 20,707,501 | ||
Ireland - 0.5% | |||
Cairn Homes PLC | 3,300,000 | 3,757,431 | |
Irish Residential Properties REIT PLC | 2,591,367 | 2,946,801 | |
Kingspan Group PLC (Ireland) | 61,900 | 4,276,617 | |
TOTAL IRELAND | 10,980,849 | ||
Italy - 0.8% | |||
BFF Bank SpA (b) | 1,389,790 | 13,353,892 | |
MARR SpA | 205,098 | 3,209,164 | |
Prada SpA | 305,794 | 2,251,463 | |
TOTAL ITALY | 18,814,519 | ||
Japan - 4.9% | |||
FUJIFILM Holdings Corp. | 87,992 | 4,586,141 | |
GMO Internet, Inc. | 300,866 | 6,052,423 | |
Hitachi Ltd. | 219,300 | 12,130,500 | |
Hoya Corp. | 63,443 | 6,652,318 | |
Iriso Electronics Co. Ltd. | 204,185 | 6,989,176 | |
Katitas Co. Ltd. | 257,600 | 5,030,644 | |
Keyence Corp. | 22,340 | 10,074,364 | |
Minebea Mitsumi, Inc. | 352,600 | 6,529,672 | |
NOF Corp. | 130,000 | 5,939,890 | |
PALTAC Corp. | 130,991 | 5,025,719 | |
Pan Pacific International Holdings Ltd. | 335,900 | 6,276,940 | |
Renesas Electronics Corp. (a) | 226,031 | 2,945,737 | |
Shin-Etsu Chemical Co. Ltd. | 262,015 | 7,476,813 | |
Sony Group Corp. | 116,703 | 10,558,558 | |
Tsuruha Holdings, Inc. | 85,000 | 5,567,137 | |
USS Co. Ltd. | 324,600 | 5,454,576 | |
ZOZO, Inc. | 129,400 | 2,723,140 | |
TOTAL JAPAN | 110,013,748 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 5,920,700 | 718,320 | |
Luxembourg - 0.1% | |||
Novem Group SA | 292,876 | 3,175,565 | |
Netherlands - 1.0% | |||
Argenx SE ADR (a) | 16,000 | 6,206,080 | |
ASML Holding NV (Netherlands) | 4,300 | 2,717,340 | |
Heineken NV (Bearer) | 78,019 | 8,945,089 | |
IMCD NV | 32,351 | 4,855,199 | |
TOTAL NETHERLANDS | 22,723,708 | ||
Norway - 1.2% | |||
Kongsberg Gruppen ASA | 140,000 | 6,276,784 | |
Schibsted ASA: | |||
(A Shares) | 71,700 | 1,270,235 | |
(B Shares) | 502,297 | 8,135,128 | |
TGS ASA | 696,049 | 10,894,288 | |
Volue A/S (a) | 825,800 | 1,394,795 | |
TOTAL NORWAY | 27,971,230 | ||
Russia - 0.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (a)(e) | 139,553 | 51,541 | |
Spain - 1.2% | |||
Amadeus IT Holding SA Class A (a) | 106,396 | 7,478,046 | |
CaixaBank SA (c) | 1,697,900 | 6,284,958 | |
Cellnex Telecom SA (b) | 89,256 | 3,758,034 | |
Cie Automotive SA | 275,635 | 8,297,691 | |
TOTAL SPAIN | 25,818,729 | ||
Sweden - 4.0% | |||
Addlife AB | 346,740 | 4,097,970 | |
Alfa Laval AB (c) | 244,697 | 8,959,851 | |
Autoliv, Inc. (depository receipt) | 76,777 | 6,552,404 | |
Dustin Group AB (a)(b) | 2,062,288 | 7,082,733 | |
Evolution AB (b) | 39,200 | 5,219,251 | |
Haypp Group (a) | 525,000 | 1,863,472 | |
Hemnet Group AB | 984,130 | 16,122,188 | |
HEXPOL AB (B Shares) | 850,359 | 10,008,565 | |
Instalco AB | 441,771 | 2,317,617 | |
INVISIO AB | 157,312 | 3,229,060 | |
JM AB (B Shares) | 95,942 | 1,537,123 | |
Kry International AB (a)(d)(e) | 489 | 38,225 | |
Sandvik AB (c) | 373,157 | 7,586,822 | |
Stillfront Group AB (a) | 604,994 | 1,286,085 | |
Swedbank AB (A Shares) | 727,850 | 12,633,512 | |
TOTAL SWEDEN | 88,534,878 | ||
Taiwan - 0.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 159,465 | 2,609,509 | |
United Kingdom - 4.2% | |||
AstraZeneca PLC (United Kingdom) | 104,843 | 15,429,009 | |
Beazley PLC | 1,175,500 | 8,797,379 | |
Clarkson PLC | 166,062 | 6,469,651 | |
Diageo PLC | 295,773 | 13,492,014 | |
Harbour Energy PLC | 1,486,871 | 4,621,110 | |
Hiscox Ltd. | 515,647 | 7,659,825 | |
Lancashire Holdings Ltd. | 1,178,720 | 9,073,308 | |
NatWest Group PLC | 2,198,900 | 7,243,395 | |
RS GROUP PLC | 303,095 | 3,509,748 | |
Sabre Insurance Group PLC (b) | 6,755,301 | 10,731,012 | |
WH Smith PLC | 329,610 | 6,520,096 | |
Zegona Communications PLC (a) | 30,559 | 19,779 | |
TOTAL UNITED KINGDOM | 93,566,326 | ||
United States of America - 65.2% | |||
Abbott Laboratories | 65,000 | 7,180,550 | |
Accenture PLC Class A | 19,000 | 5,325,510 | |
Advanced Micro Devices, Inc. (a) | 216,000 | 19,303,920 | |
Alphabet, Inc. Class A (a) | 518,000 | 55,602,120 | |
Amazon.com, Inc. (a) | 197,000 | 20,773,650 | |
Analog Devices, Inc. | 111,000 | 19,966,680 | |
Apple, Inc. | 412,000 | 69,908,160 | |
Arcellx, Inc. (a) | 64,000 | 2,731,520 | |
Arista Networks, Inc. (a) | 65,000 | 10,410,400 | |
Arthur J. Gallagher & Co. | 7,000 | 1,456,420 | |
AutoZone, Inc. (a) | 9,500 | 25,301,445 | |
Block, Inc. Class A (a) | 65,000 | 3,951,350 | |
Booking Holdings, Inc. (a) | 3,500 | 9,402,085 | |
Boston Scientific Corp. (a) | 126,000 | 6,567,120 | |
Celsius Holdings, Inc. (a) | 76,000 | 7,263,320 | |
Chart Industries, Inc. (a) | 50,000 | 6,655,000 | |
Chubb Ltd. | 114,600 | 23,098,776 | |
Costco Wholesale Corp. | 7,000 | 3,522,540 | |
Crocs, Inc. (a) | 12,000 | 1,484,040 | |
Cummins, Inc. (c) | 187,500 | 44,070,000 | |
Deckers Outdoor Corp. (a) | 77,855 | 37,319,016 | |
Dick's Sporting Goods, Inc. | 16,000 | 2,320,160 | |
Eaton Corp. PLC | 117,000 | 19,553,040 | |
Eli Lilly & Co. | 180,000 | 71,254,800 | |
Enphase Energy, Inc. (a) | 9,000 | 1,477,800 | |
Estee Lauder Companies, Inc. Class A | 51,000 | 12,582,720 | |
First Solar, Inc. (a) | 35,000 | 6,390,300 | |
Fiserv, Inc. (a) | 590,201 | 72,075,346 | |
Freeport-McMoRan, Inc. | 356,000 | 13,495,960 | |
General Electric Co. | 52,000 | 5,146,440 | |
Gilead Sciences, Inc. | 343,000 | 28,198,030 | |
Hubbell, Inc. Class B | 36,000 | 9,695,520 | |
ICON PLC (a) | 9,900 | 1,907,631 | |
Ingersoll Rand, Inc. | 107,000 | 6,101,140 | |
Intuitive Surgical, Inc. (a) | 17,000 | 5,120,740 | |
J.B. Hunt Transport Services, Inc. | 132,000 | 23,138,280 | |
Knight-Swift Transportation Holdings, Inc. Class A | 233,100 | 13,128,192 | |
Lattice Semiconductor Corp. (a) | 255,000 | 20,323,500 | |
Legend Biotech Corp. ADR (a) | 103,500 | 7,111,485 | |
LGI Homes, Inc. (a) | 79,000 | 9,385,200 | |
Lowe's Companies, Inc. | 26,000 | 5,403,580 | |
lululemon athletica, Inc. (a) | 7,800 | 2,963,454 | |
Marsh & McLennan Companies, Inc. | 26,000 | 4,684,940 | |
Meta Platforms, Inc. Class A (a) | 391,000 | 93,965,120 | |
Micron Technology, Inc. | 231,000 | 14,867,160 | |
Microsoft Corp. | 406,000 | 124,747,557 | |
Morgan Stanley | 87,000 | 7,827,390 | |
Netflix, Inc. (a) | 24,000 | 7,918,320 | |
NVIDIA Corp. | 227,000 | 62,990,230 | |
Olin Corp. | 97,000 | 5,373,800 | |
onsemi (a) | 19,000 | 1,367,240 | |
Oracle Corp. | 305,000 | 28,889,600 | |
Parker Hannifin Corp. | 57,000 | 18,518,160 | |
Patrick Industries, Inc. | 82,891 | 5,688,809 | |
RHI Magnesita NV | 83,122 | 2,360,877 | |
Roblox Corp. (a) | 130,000 | 4,628,000 | |
Roche Holding AG (participation certificate) | 48,651 | 15,234,584 | |
S&P Global, Inc. | 207,628 | 75,281,760 | |
Salesforce, Inc. (a) | 173,000 | 34,318,010 | |
Sherwin-Williams Co. | 28,000 | 6,651,120 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 11,300 | 601,047 | |
Stripe, Inc. Class B (a)(d)(e) | 10,000 | 201,300 | |
Stryker Corp. | 24,000 | 7,191,600 | |
Tempur Sealy International, Inc. | 155,000 | 5,807,850 | |
Teradyne, Inc. | 164,000 | 14,986,320 | |
Tesla, Inc. (a) | 145,000 | 23,824,950 | |
The Cooper Companies, Inc. | 2,000 | 762,900 | |
The Travelers Companies, Inc. | 123,339 | 22,341,626 | |
TJX Companies, Inc. | 679,000 | 53,518,780 | |
UiPath, Inc. Class A (a) | 69,000 | 971,520 | |
United Airlines Holdings, Inc. (a) | 16,000 | 700,800 | |
United Rentals, Inc. | 34,000 | 12,277,740 | |
UnitedHealth Group, Inc. | 89,000 | 43,796,010 | |
Viking Therapeutics, Inc. (a) | 179,764 | 3,830,771 | |
Visa, Inc. Class A | 117,000 | 27,229,410 | |
Warner Bros Discovery, Inc. | 344,000 | 4,681,840 | |
Zimmer Biomet Holdings, Inc. | 14,000 | 1,938,160 | |
TOTAL UNITED STATES OF AMERICA | 1,458,042,241 | ||
TOTAL COMMON STOCKS (Cost $1,809,477,720) | 2,171,856,913 | ||
Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.2% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 14,425 | 2,870,575 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 138,905 | 1,232,087 | |
4,102,662 | |||
Ireland - 0.0% | |||
Circle Internet Financial Ltd. Series F (d)(e) | 23,730 | 612,471 | |
United States of America - 0.0% | |||
Instacart, Inc. Series I (a)(d)(e) | 8,000 | 356,240 | |
Stripe, Inc. Series H (a)(d)(e) | 4,200 | 84,546 | |
440,786 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 5,155,919 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
India - 0.1% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(d)(e) | 1,892 | 1,041,641 | |
Series A (a)(d)(e) | 473 | 260,410 | |
Series B (a)(d)(e) | 514 | 282,983 | |
Series B2 (a)(d)(e) | 416 | 229,029 | |
Series C (a)(d)(e) | 774 | 426,126 | |
Series C1 (a)(d)(e) | 163 | 89,740 | |
Series D (a)(d)(e) | 174 | 95,796 | |
2,425,725 | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 2,824 | 220,749 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 2,646,474 | ||
TOTAL PREFERRED STOCKS (Cost $8,655,882) | 7,802,393 | ||
Money Market Funds - 3.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 53,035,038 | 53,045,645 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 20,252,577 | 20,254,603 | |
TOTAL MONEY MARKET FUNDS (Cost $73,296,784) | 73,300,248 | ||
TOTAL INVESTMENT IN SECURITIES - 100.7% (Cost $1,891,430,386) | 2,252,959,554 |
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (15,460,205) |
NET ASSETS - 100.0% | 2,237,499,349 |
(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 $51,871,497 or 2.3% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(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 $8,477,954 or 0.4% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 1,580,608 |
Circle Internet Financial Ltd. Series F | 5/09/22 | 999,982 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 1,972,888 |
Instacart, Inc. Series I | 2/26/21 | 1,000,000 |
Kry International AB | 5/14/21 | 212,376 |
Kry International AB Series E | 5/14/21 | 1,291,057 |
Pine Labs Private Ltd. | 6/30/21 | 295,305 |
Pine Labs Private Ltd. Series 1 | 6/30/21 | 705,451 |
Pine Labs Private Ltd. Series A | 6/30/21 | 176,363 |
Pine Labs Private Ltd. Series B | 6/30/21 | 191,650 |
Pine Labs Private Ltd. Series B2 | 6/30/21 | 155,110 |
Pine Labs Private Ltd. Series C | 6/30/21 | 288,594 |
Pine Labs Private Ltd. Series C1 | 6/30/21 | 60,776 |
Pine Labs Private Ltd. Series D | 6/30/21 | 64,878 |
Stripe, Inc. Class B | 5/18/21 | 401,284 |
Stripe, Inc. Series H | 3/15/21 | 168,525 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 15,584,500 | 561,034,661 | 523,573,517 | 712,650 | 81 | (80) | 53,045,645 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 7,256,240 | 92,391,691 | 79,393,328 | 67,815 | - | - | 20,254,603 | 0.1% |
Total | 22,840,740 | 653,426,352 | 602,966,845 | 780,465 | 81 | (80) | 73,300,248 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 217,730,811 | 194,347,135 | 20,513,101 | 2,870,575 |
Consumer Discretionary | 336,537,824 | 262,241,789 | 74,296,035 | - |
Consumer Staples | 83,239,140 | 59,153,911 | 23,677,448 | 407,781 |
Energy | 37,579,910 | 28,708,839 | 8,871,071 | - |
Financials | 394,814,148 | 317,148,961 | 77,052,716 | 612,471 |
Health Care | 275,774,160 | 220,757,067 | 53,785,006 | 1,232,087 |
Industrials | 256,541,359 | 225,376,821 | 31,164,538 | - |
Information Technology | 493,722,872 | 457,058,941 | 33,257,350 | 3,406,581 |
Materials | 65,002,239 | 44,030,165 | 20,972,074 | - |
Real Estate | 18,716,843 | 5,602,973 | 13,113,870 | - |
Money Market Funds | 73,300,248 | 73,300,248 | - | - |
Total Investments in Securities: | 2,252,959,554 | 1,887,726,850 | 356,703,209 | 8,529,495 |
Net Unrealized Depreciation on Unfunded Commitments | (498,191) | - | - | (498,191) |
Total | (498,191) | - | - | (498,191) |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $18,795,011) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,818,133,602) | $ | 2,179,659,306 | ||
Fidelity Central Funds (cost $73,296,784) | 73,300,248 | |||
Total Investment in Securities (cost $1,891,430,386) | $ | 2,252,959,554 | ||
Foreign currency held at value (cost $3,280,746) | 3,280,402 | |||
Receivable for investments sold | 20,050,980 | |||
Receivable for fund shares sold | 586,160 | |||
Dividends receivable | 2,879,340 | |||
Reclaims receivable | 2,496,599 | |||
Distributions receivable from Fidelity Central Funds | 210,988 | |||
Prepaid expenses | 886 | |||
Other receivables | 79,597 | |||
Total assets | 2,282,544,506 | |||
Liabilities | ||||
Payable for investments purchased | $ | 21,541,457 | ||
Unrealized depreciation on unfunded commitments | 498,191 | |||
Payable for fund shares redeemed | 1,385,823 | |||
Accrued management fee | 759,196 | |||
Distribution and service plan fees payable | 28,768 | |||
Other affiliated payables | 323,803 | |||
Other payables and accrued expenses | 253,316 | |||
Collateral on securities loaned | 20,254,603 | |||
Total Liabilities | 45,045,157 | |||
Commitments and contingent liabilities (see Commitments note) | ||||
Net Assets | $ | 2,237,499,349 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,872,481,518 | ||
Total accumulated earnings (loss) | 365,017,831 | |||
Net Assets | $ | 2,237,499,349 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($73,825,545 ÷ 2,751,711 shares) (a) | $ | 26.83 | ||
Maximum offering price per share (100/94.25 of $26.83) | $ | 28.47 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($16,352,601 ÷ 615,710 shares) (a) | $ | 26.56 | ||
Maximum offering price per share (100/96.50 of $26.56) | $ | 27.52 | ||
Class C : | ||||
Net Asset Value and offering price per share ($8,453,585 ÷ 334,402 shares) (a) | $ | 25.28 | ||
Worldwide : | ||||
Net Asset Value , offering price and redemption price per share ($2,011,909,914 ÷ 73,620,452 shares) | $ | 27.33 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($41,875,150 ÷ 1,544,189 shares) | $ | 27.12 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($85,082,554 ÷ 3,143,093 shares) | $ | 27.07 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 16,779,595 | ||
Income from Fidelity Central Funds (including $67,815 from security lending) | 780,465 | |||
Income before foreign taxes withheld | $ | 17,560,060 | ||
Less foreign taxes withheld | (1,030,491) | |||
Total Income | 16,529,569 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 7,038,755 | ||
Performance adjustment | (1,397,063) | |||
Transfer agent fees | 1,650,286 | |||
Distribution and service plan fees | 170,086 | |||
Accounting fees | 288,245 | |||
Custodian fees and expenses | 38,888 | |||
Independent trustees' fees and expenses | 7,169 | |||
Registration fees | 81,602 | |||
Audit | 48,991 | |||
Legal | 3,470 | |||
Miscellaneous | 4,889 | |||
Total expenses before reductions | 7,935,318 | |||
Expense reductions | (50,272) | |||
Total expenses after reductions | 7,885,046 | |||
Net Investment income (loss) | 8,644,523 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 3,950,891 | |||
Fidelity Central Funds | 81 | |||
Foreign currency transactions | 868,572 | |||
Total net realized gain (loss) | 4,819,544 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $96,861) | 202,199,555 | |||
Fidelity Central Funds | (80) | |||
Unfunded commitments | (270,653) | |||
Assets and liabilities in foreign currencies | 276,043 | |||
Total change in net unrealized appreciation (depreciation) | 202,204,865 | |||
Net gain (loss) | 207,024,409 | |||
Net increase (decrease) in net assets resulting from operations | $ | 215,668,932 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 8,644,523 | $ | 14,477,798 |
Net realized gain (loss) | 4,819,544 | 145,952,644 | ||
Change in net unrealized appreciation (depreciation) | 202,204,865 | (1,000,391,802) | ||
Net increase (decrease) in net assets resulting from operations | 215,668,932 | (839,961,360) | ||
Distributions to shareholders | (124,836,814) | (362,130,555) | ||
Share transactions - net increase (decrease) | 44,424,784 | 68,731,196 | ||
Total increase (decrease) in net assets | 135,256,902 | (1,133,360,719) | ||
Net Assets | ||||
Beginning of period | 2,102,242,447 | 3,235,603,166 | ||
End of period | $ | 2,237,499,349 | $ | 2,102,242,447 |
Fidelity Advisor® Worldwide Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.75 | $ | 40.06 | $ | 31.49 | $ | 27.36 | $ | 26.57 | $ | 27.28 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .09 | (.13) | (.05) | .11 | .03 | ||||||
Net realized and unrealized gain (loss) | 2.49 | (9.90) | 11.40 | 5.50 | 2.84 | 1.00 | ||||||
Total from investment operations | 2.56 | (9.81) | 11.27 | 5.45 | 2.95 | 1.03 | ||||||
Distributions from net investment income | (.11) | (.07) | - | (.12) | (.02) | (.09) | ||||||
Distributions from net realized gain | (1.37) | (4.43) | (2.70) | (1.20) | (2.14) | (1.65) | ||||||
Total distributions | (1.48) | (4.50) | (2.70) | (1.32) | (2.16) | (1.74) | ||||||
Net asset value, end of period | $ | 26.83 | $ | 25.75 | $ | 40.06 | $ | 31.49 | $ | 27.36 | $ | 26.57 |
Total Return C,D,E | 10.34% | (27.31)% | 37.72% | 20.72% | 12.35% | 3.96% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.01% H | 1.21% | 1.29% | 1.34% | 1.26% | 1.23% | ||||||
Expenses net of fee waivers, if any | 1.01% H | 1.21% | 1.28% | 1.34% | 1.26% | 1.23% | ||||||
Expenses net of all reductions | 1.01% H | 1.21% | 1.28% | 1.33% | 1.25% | 1.22% | ||||||
Net investment income (loss) | .52% H | .28% | (.34)% | (.18)% | .41% | .12% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 73,826 | $ | 68,608 | $ | 99,731 | $ | 63,690 | $ | 52,516 | $ | 42,947 |
Portfolio turnover rate I | 137% H | 137% | 96% | 112% | 147% | 117% |
Fidelity Advisor® Worldwide Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.44 | $ | 39.62 | $ | 31.19 | $ | 27.10 | $ | 26.39 | $ | 27.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .01 | (.22) | (.13) | .03 | (.05) | ||||||
Net realized and unrealized gain (loss) | 2.48 | (9.81) | 11.29 | 5.46 | 2.82 | 1.00 | ||||||
Total from investment operations | 2.51 | (9.80) | 11.07 | 5.33 | 2.85 | .95 | ||||||
Distributions from net investment income | (.02) | - | - | (.04) | - | (.02) | ||||||
Distributions from net realized gain | (1.37) | (4.38) | (2.64) | (1.20) | (2.14) | (1.65) | ||||||
Total distributions | (1.39) | (4.38) | (2.64) | (1.24) | (2.14) | (1.67) | ||||||
Net asset value, end of period | $ | 26.56 | $ | 25.44 | $ | 39.62 | $ | 31.19 | $ | 27.10 | $ | 26.39 |
Total Return C,D,E | 10.22% | (27.53)% | 37.37% | 20.40% | 12.05% | 3.65% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.27% H | 1.47% | 1.55% | 1.61% | 1.55% | 1.52% | ||||||
Expenses net of fee waivers, if any | 1.27% H | 1.47% | 1.55% | 1.61% | 1.54% | 1.52% | ||||||
Expenses net of all reductions | 1.26% H | 1.47% | 1.55% | 1.61% | 1.54% | 1.51% | ||||||
Net investment income (loss) | .27% H | .02% | (.61)% | (.45)% | .13% | (.17)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 16,353 | $ | 15,275 | $ | 22,771 | $ | 17,387 | $ | 13,066 | $ | 12,746 |
Portfolio turnover rate I | 137% H | 137% | 96% | 112% | 147% | 117% |
Fidelity Advisor® Worldwide Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.33 | $ | 38.05 | $ | 30.14 | $ | 26.33 | $ | 25.82 | $ | 26.67 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | (.15) | (.39) | (.27) | (.10) | (.18) | ||||||
Net realized and unrealized gain (loss) | 2.35 | (9.39) | 10.88 | 5.28 | 2.75 | .98 | ||||||
Total from investment operations | 2.32 | (9.54) | 10.49 | 5.01 | 2.65 | .80 | ||||||
Distributions from net realized gain | (1.37) | (4.18) | (2.58) | (1.20) | (2.14) | (1.65) | ||||||
Total distributions | (1.37) | (4.18) | (2.58) | (1.20) | (2.14) | (1.65) | ||||||
Net asset value, end of period | $ | 25.28 | $ | 24.33 | $ | 38.05 | $ | 30.14 | $ | 26.33 | $ | 25.82 |
Total Return C,D,E | 9.89% | (27.89)% | 36.63% | 19.76% | 11.49% | 3.12% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.81% H | 2.00% | 2.08% | 2.14% | 2.06% | 2.01% | ||||||
Expenses net of fee waivers, if any | 1.81% H | 2.00% | 2.08% | 2.14% | 2.06% | 2.01% | ||||||
Expenses net of all reductions | 1.81% H | 2.00% | 2.08% | 2.13% | 2.06% | 2.00% | ||||||
Net investment income (loss) | (.28)% H | (.51)% | (1.14)% | (.98)% | (.39)% | (.66)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 8,454 | $ | 8,517 | $ | 13,602 | $ | 11,677 | $ | 10,618 | $ | 12,744 |
Portfolio turnover rate I | 137% H | 137% | 96% | 112% | 147% | 117% |
Fidelity® Worldwide Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.26 | $ | 40.76 | $ | 31.97 | $ | 27.74 | $ | 26.90 | $ | 27.61 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .18 | (.02) | .03 | .18 | .11 | ||||||
Net realized and unrealized gain (loss) | 2.54 | (10.09) | 11.58 | 5.58 | 2.89 | 1.00 | ||||||
Total from investment operations | 2.65 | (9.91) | 11.56 | 5.61 | 3.07 | 1.11 | ||||||
Distributions from net investment income | (.21) | (.16) | (.02) | (.18) | (.09) | (.17) | ||||||
Distributions from net realized gain | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | (1.65) | ||||||
Total distributions | (1.58) | (4.59) | (2.77) | (1.38) | (2.23) | (1.82) | ||||||
Net asset value, end of period | $ | 27.33 | $ | 26.26 | $ | 40.76 | $ | 31.97 | $ | 27.74 | $ | 26.90 |
Total Return C,D | 10.51% | (27.12)% | 38.11% | 21.07% | 12.71% | 4.23% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .72% G | .92% | 1.00% | 1.05% | .99% | .94% | ||||||
Expenses net of fee waivers, if any | .72% G | .92% | 1.00% | 1.05% | .99% | .94% | ||||||
Expenses net of all reductions | .72% G | .92% | 1.00% | 1.05% | .98% | .93% | ||||||
Net investment income (loss) | .81% G | .57% | (.06)% | .11% | .69% | .41% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,011,910 | $ | 1,899,788 | $ | 2,896,684 | $ | 2,217,129 | $ | 2,020,487 | $ | 2,112,988 |
Portfolio turnover rate H | 137% G | 137% | 96% | 112% | 147% | 117% |
Fidelity Advisor® Worldwide Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.04 | $ | 40.46 | $ | 31.77 | $ | 27.58 | $ | 26.77 | $ | 27.49 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .17 | (.03) | .03 | .18 | .11 | ||||||
Net realized and unrealized gain (loss) | 2.53 | (10.01) | 11.49 | 5.55 | 2.86 | .99 | ||||||
Total from investment operations | 2.64 | (9.84) | 11.46 | 5.58 | 3.04 | 1.10 | ||||||
Distributions from net investment income | (.19) | (.16) | (.02) | (.19) | (.09) | (.18) | ||||||
Distributions from net realized gain | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | (1.65) | ||||||
Total distributions | (1.56) | (4.58) C | (2.77) | (1.39) | (2.23) | (1.82) C | ||||||
Net asset value, end of period | $ | 27.12 | $ | 26.04 | $ | 40.46 | $ | 31.77 | $ | 27.58 | $ | 26.77 |
Total Return D,E | 10.52% | (27.13)% | 38.06% | 21.08% | 12.70% | 4.22% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .72% H | .94% | 1.02% | 1.06% | .99% | .96% | ||||||
Expenses net of fee waivers, if any | .72% H | .93% | 1.02% | 1.06% | .99% | .95% | ||||||
Expenses net of all reductions | .72% H | .93% | 1.02% | 1.05% | .98% | .94% | ||||||
Net investment income (loss) | .81% H | .56% | (.08)% | .10% | .69% | .40% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 41,875 | $ | 33,226 | $ | 86,852 | $ | 64,615 | $ | 44,754 | $ | 50,956 |
Portfolio turnover rate I | 137% H | 137% | 96% | 112% | 147% | 117% |
Fidelity Advisor® Worldwide Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.05 | $ | 40.48 | $ | 31.76 | $ | 27.59 | $ | 26.78 | $ | 29.54 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .12 | .21 | .02 | .07 | .22 | (.01) | ||||||
Net realized and unrealized gain (loss) | 2.52 | (10.01) | 11.50 | 5.53 | 2.86 | (2.75) | ||||||
Total from investment operations | 2.64 | (9.80) | 11.52 | 5.60 | 3.08 | (2.76) | ||||||
Distributions from net investment income | (.25) | (.20) | (.05) | (.23) | (.13) | - | ||||||
Distributions from net realized gain | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | - | ||||||
Total distributions | (1.62) | (4.63) | (2.80) | (1.43) | (2.27) | - | ||||||
Net asset value, end of period | $ | 27.07 | $ | 26.05 | $ | 40.48 | $ | 31.76 | $ | 27.59 | $ | 26.78 |
Total Return D,E | 10.56% | (27.05)% | 38.27% | 21.19% | 12.85% | (9.34)% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .61% H | .81% | .90% | .93% | .85% | .88% H | ||||||
Expenses net of fee waivers, if any | .60% H | .81% | .90% | .93% | .84% | .88% H | ||||||
Expenses net of all reductions | .60% H | .81% | .90% | .93% | .84% | .87% H | ||||||
Net investment income (loss) | .93% H | .68% | .04% | .23% | .83% | (.27)% H | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 85,083 | $ | 76,829 | $ | 115,963 | $ | 71,278 | $ | 205,197 | $ | 294 |
Portfolio turnover rate I | 137% H | 137% | 96% | 112% | 147% | 117% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $443,592,646 |
Gross unrealized depreciation | (86,283,890) |
Net unrealized appreciation (depreciation) | $357,308,756 |
Tax cost | $1,895,650,798 |
Investment to be Acquired | Commitment Amount | Unrealized Appreciation (Depreciation) | |
Fidelity Worldwide Fund | Stripe, Inc. | $999,995 | $(498,191) |
Purchases ($) | Sales ($) | |
Fidelity Worldwide Fund | 1,467,234,797 | 1,572,999,793 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $88,443 | $2,246 |
Class M | .25% | .25% | 39,240 | 502 |
Class C | .75% | .25% | 42,403 | 4,688 |
$170,086 | $7,436 |
Retained by FDC | |
Class A | $46,017 |
Class M | 1,515 |
Class C A | 1,496 |
$49,028 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $68,889 | .19 |
Class M | 16,168 | .21 |
Class C | 10,471 | .25 |
Worldwide | 1,509,241 | .15 |
Class I | 28,504 | .16 |
Class Z | 17,013 | .04 |
$1,650,286 |
% of Average Net Assets | |
Fidelity Worldwide Fund | .03 |
Amount | |
Fidelity Diversified International Fund | $19,508 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Worldwide Fund | 65,589,767 | 98,527,005 | (227,602) |
Amount | |
Fidelity Worldwide Fund | $2,117 |
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 Worldwide Fund | $7,834 | $- | $- |
Expense reduction | |
Class A | $152 |
Class M | 344 |
Class C | 42 |
$538 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Worldwide Fund | ||
Distributions to shareholders | ||
Class A | $ 3,905,043 | $11,246,925 |
Class M | 825,955 | 2,460,774 |
Class C | 473,638 | 1,484,213 |
Worldwide | 112,981,740 | 323,847,724 |
Class I | 1,950,914 | 9,721,033 |
Class Z | 4,699,524 | 13,369,886 |
Total | $124,836,814 | $362,130,555 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Worldwide Fund | ||||
Class A | ||||
Shares sold | 196,082 | 425,346 | $5,069,567 | $13,150,315 |
Reinvestment of distributions | 153,659 | 323,585 | 3,866,062 | 11,111,902 |
Shares redeemed | (262,917) | (573,433) | (6,816,824) | (17,987,153) |
Net increase (decrease) | 86,824 | 175,498 | $2,118,805 | $6,275,064 |
Class M | ||||
Shares sold | 34,699 | 63,154 | $888,583 | $1,827,369 |
Reinvestment of distributions | 32,920 | 71,924 | 820,689 | 2,446,862 |
Shares redeemed | (52,287) | (109,465) | (1,327,964) | (3,332,351) |
Net increase (decrease) | 15,332 | 25,613 | $381,308 | $941,880 |
Class C | ||||
Shares sold | 19,840 | 49,629 | $485,207 | $1,443,792 |
Reinvestment of distributions | 19,902 | 45,376 | 473,280 | 1,482,892 |
Shares redeemed | (55,451) | (102,345) | (1,344,668) | (2,936,201) |
Net increase (decrease) | (15,709) | (7,340) | $(386,181) | $(9,517) |
Worldwide | ||||
Shares sold | 2,815,049 | 5,548,119 | $73,948,827 | $176,262,456 |
Reinvestment of distributions | 4,190,088 | 8,857,534 | 107,266,234 | 309,393,660 |
Shares redeemed | (5,738,217) | (13,126,499) | (150,844,308) | (404,042,333) |
Net increase (decrease) | 1,266,920 | 1,279,154 | $30,370,753 | $81,613,783 |
Class I | ||||
Shares sold | 531,386 | 391,287 | $13,905,511 | $11,850,826 |
Reinvestment of distributions | 75,801 | 274,142 | 1,925,343 | 9,499,030 |
Shares redeemed | (338,879) | (1,536,108) | (8,731,352) | (45,074,681) |
Net increase (decrease) | 268,308 | (870,679) | $7,099,502 | $(23,724,825) |
Class Z | ||||
Shares sold | 338,982 | 785,358 | $8,779,580 | $23,797,734 |
Reinvestment of distributions | 176,768 | 358,516 | 4,481,057 | 12,415,394 |
Shares redeemed | (322,310) | (1,058,983) | (8,420,040) | (32,578,317) |
Net increase (decrease) | 193,440 | 84,891 | $4,840,597 | $3,634,811 |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Diversified International Fund | ||||||||||
Fidelity® Diversified International Fund | .72% | |||||||||
Actual | $ 1,000 | $ 1,205.30 | $ 3.94 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.22 | $ 3.61 | |||||||
Class K | .61% | |||||||||
Actual | $ 1,000 | $ 1,206.30 | $ 3.34 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.77 | $ 3.06 | |||||||
Fidelity® International Capital Appreciation Fund | .86% | |||||||||
Actual | $ 1,000 | $ 1,220.40 | $ 4.73 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.53 | $ 4.31 | |||||||
Fidelity® Overseas Fund | ||||||||||
Fidelity® Overseas Fund | .80% | |||||||||
Actual | $ 1,000 | $ 1,241.10 | $ 4.45 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.83 | $ 4.01 | |||||||
Class K | .69% | |||||||||
Actual | $ 1,000 | $ 1,241.90 | $ 3.84 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.37 | $ 3.46 | |||||||
Fidelity® Worldwide Fund | ||||||||||
Class A | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,103.40 | $ 5.27 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.79 | $ 5.06 | |||||||
Class M | 1.27% | |||||||||
Actual | $ 1,000 | $ 1,102.20 | $ 6.62 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.50 | $ 6.36 | |||||||
Class C | 1.81% | |||||||||
Actual | $ 1,000 | $ 1,098.90 | $ 9.42 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.82 | $ 9.05 | |||||||
Fidelity® Worldwide Fund | .72% | |||||||||
Actual | $ 1,000 | $ 1,105.10 | $ 3.76 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.22 | $ 3.61 | |||||||
Class I | .72% | |||||||||
Actual | $ 1,000 | $ 1,105.20 | $ 3.76 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.22 | $ 3.61 | |||||||
Class Z | .60% | |||||||||
Actual | $ 1,000 | $ 1,105.60 | $ 3.13 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.82 | $ 3.01 | |||||||
- 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) | ||
Exxon Mobil Corp. | 10.6 | |
Teck Resources Ltd. Class B (sub. vtg.) | 5.0 | |
Corteva, Inc. | 4.7 | |
Canadian Natural Resources Ltd. | 4.1 | |
Cenovus Energy, Inc. (Canada) | 4.0 | |
Wheaton Precious Metals Corp. | 3.8 | |
Nutrien Ltd. | 3.7 | |
TotalEnergies SE | 3.5 | |
Glencore PLC | 3.2 | |
Shell PLC (London) | 3.0 | |
45.6 | ||
Industries (% of Fund's net assets) | ||
Oil, Gas & Consumable Fuels | 36.3 | |
Metals & Mining | 33.9 | |
Chemicals | 12.2 | |
Food Products | 6.4 | |
Energy Equipment & Services | 3.6 | |
Paper & Forest Products | 2.8 | |
Containers & Packaging | 1.0 | |
Machinery | 0.7 | |
Electrical Equipment | 0.5 | |
Marine Transportation | 0.5 | |
Pharmaceuticals | 0.5 | |
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 - 98.4% | |||
Shares | Value ($) | ||
Chemicals - 12.2% | |||
Fertilizers & Agricultural Chemicals - 12.2% | |||
CF Industries Holdings, Inc. | 155,360 | 11,120,669 | |
Corteva, Inc. | 1,273,900 | 77,860,768 | |
FMC Corp. | 345,300 | 42,672,174 | |
Icl Group Ltd. | 625,000 | 3,831,609 | |
Nutrien Ltd. | 868,283 | 60,235,391 | |
OCI NV | 180,100 | 4,741,023 | |
200,461,634 | |||
Containers & Packaging - 1.0% | |||
Metal, Glass & Plastic Containers - 0.6% | |||
Crown Holdings, Inc. | 105,900 | 9,084,102 | |
Paper & Plastic Packaging Products & Materials - 0.4% | |||
Smurfit Kappa Group PLC | 178,200 | 6,585,867 | |
TOTAL CONTAINERS & PACKAGING | 15,669,969 | ||
Electrical Equipment - 0.5% | |||
Electrical Components & Equipment - 0.5% | |||
GrafTech International Ltd. (a) | 1,852,981 | 8,727,541 | |
Energy Equipment & Services - 3.6% | |||
Oil & Gas Drilling - 2.3% | |||
Diamond Offshore Drilling, Inc. (b) | 869,000 | 9,984,810 | |
Noble Corp. PLC | 448,000 | 17,225,600 | |
Seadrill Ltd. | 20,800 | 747,524 | |
Valaris Ltd. (b) | 161,400 | 9,684,000 | |
37,641,934 | |||
Oil & Gas Equipment & Services - 1.3% | |||
NOV, Inc. | 236,600 | 3,963,050 | |
Weatherford International PLC (b) | 272,900 | 17,637,527 | |
21,600,577 | |||
TOTAL ENERGY EQUIPMENT & SERVICES | 59,242,511 | ||
Food Products - 6.4% | |||
Agricultural Products & Services - 6.4% | |||
Archer Daniels Midland Co. | 510,700 | 39,875,456 | |
Bunge Ltd. | 329,200 | 30,813,120 | |
Darling Ingredients, Inc. (b) | 413,800 | 24,650,066 | |
Golden Agri-Resources Ltd. | 1,637,500 | 338,657 | |
Wilmar International Ltd. | 3,210,100 | 9,481,729 | |
105,159,028 | |||
Machinery - 0.7% | |||
Construction Machinery & Heavy Transportation Equipment - 0.4% | |||
Epiroc AB (A Shares) | 298,900 | 5,987,886 | |
Industrial Machinery & Supplies & Components - 0.3% | |||
Sandvik AB (a) | 278,500 | 5,662,308 | |
TOTAL MACHINERY | 11,650,194 | ||
Marine Transportation - 0.5% | |||
Marine Transportation - 0.5% | |||
Kirby Corp. (b) | 114,400 | 8,218,496 | |
Metals & Mining - 33.9% | |||
Copper - 6.2% | |||
Antofagasta PLC | 546,700 | 10,034,588 | |
Capstone Copper Corp. (b) | 195,500 | 919,168 | |
First Quantum Minerals Ltd. | 1,979,171 | 48,089,685 | |
Freeport-McMoRan, Inc. | 1,121,800 | 42,527,438 | |
101,570,879 | |||
Diversified Metals & Mining - 13.4% | |||
Anglo American PLC (United Kingdom) | 21,189 | 652,922 | |
BHP Group Ltd. (London) | �� | 1,609,122 | 47,280,534 |
Glencore PLC | 8,897,500 | 52,518,680 | |
IGO Ltd. | 295,625 | 2,722,377 | |
Ivanhoe Mines Ltd. (b) | 875,600 | 7,593,682 | |
Rio Tinto PLC | 285,781 | 18,167,783 | |
Sigma Lithium Corp. (a)(b) | 243,100 | 8,462,311 | |
Sumitomo Metal Mining Co. Ltd. | 8,700 | 321,106 | |
Teck Resources Ltd. Class B (sub. vtg.) | 1,759,900 | 81,977,554 | |
219,696,949 | |||
Gold - 8.2% | |||
Agnico Eagle Mines Ltd. (Canada) | 515,217 | 29,228,017 | |
Alamos Gold, Inc. | 1,237,700 | 15,995,960 | |
Barrick Gold Corp. (Canada) | 484,247 | 9,207,073 | |
Franco-Nevada Corp. | 60,871 | 9,236,344 | |
Newcrest Mining Ltd. | 423,786 | 8,092,139 | |
Wheaton Precious Metals Corp. | 1,260,900 | 62,214,389 | |
133,973,922 | |||
Precious Metals & Minerals - 0.3% | |||
Anglo American Platinum Ltd. ADR (a) | 146,700 | 1,487,538 | |
Impala Platinum Holdings Ltd. | 372,900 | 3,630,481 | |
5,118,019 | |||
Silver - 0.2% | |||
MAG Silver Corp. (b) | 312,600 | 4,065,404 | |
Steel - 5.6% | |||
Champion Iron Ltd. (a) | 6,740,300 | 29,003,911 | |
Reliance Steel & Aluminum Co. | 168,500 | 41,754,300 | |
Vale SA | 1,415,400 | 20,545,122 | |
91,303,333 | |||
TOTAL METALS & MINING | 555,728,506 | ||
Oil, Gas & Consumable Fuels - 36.3% | |||
Integrated Oil & Gas - 23.1% | |||
Cenovus Energy, Inc. (Canada) (a) | 3,932,600 | 66,005,332 | |
Exxon Mobil Corp. | 1,473,100 | 174,326,650 | |
Occidental Petroleum Corp. | 400 | 24,612 | |
Petroleo Brasileiro SA - Petrobras (ON) | 2,391,400 | 12,786,928 | |
Shell PLC (London) | 1,575,100 | 48,399,945 | |
Suncor Energy, Inc. | 606,500 | 18,989,357 | |
TotalEnergies SE (a) | 910,100 | 58,155,338 | |
378,688,162 | |||
Oil & Gas Exploration & Production - 10.1% | |||
Antero Resources Corp. (b) | 1,480,112 | 34,027,775 | |
Canadian Natural Resources Ltd. | 1,102,500 | 67,182,640 | |
Coterra Energy, Inc. | 474,100 | 12,136,960 | |
Hess Corp. | 114,200 | 16,565,852 | |
MEG Energy Corp. (b) | 51,200 | 852,546 | |
Ovintiv, Inc. | 515,100 | 18,584,808 | |
Range Resources Corp. | 622,200 | 16,457,190 | |
165,807,771 | |||
Oil & Gas Storage & Transportation - 3.1% | |||
Energy Transfer LP | 1,332,100 | 17,157,448 | |
Enterprise Products Partners LP | 629,400 | 16,559,514 | |
Targa Resources Corp. | 218,600 | 16,510,858 | |
50,227,820 | |||
TOTAL OIL, GAS & CONSUMABLE FUELS | 594,723,753 | ||
Paper & Forest Products - 2.8% | |||
Forest Products - 1.4% | |||
West Fraser Timber Co. Ltd. | 316,800 | 22,915,009 | |
Paper Products - 1.4% | |||
Stora Enso Oyj (R Shares) | 206,400 | 2,615,470 | |
UPM-Kymmene Corp. (a) | 614,300 | 19,562,328 | |
22,177,798 | |||
TOTAL PAPER & FOREST PRODUCTS | 45,092,807 | ||
Pharmaceuticals - 0.5% | |||
Pharmaceuticals - 0.5% | |||
Bayer AG | 134,400 | 8,869,899 | |
TOTAL COMMON STOCKS (Cost $1,447,788,330) | 1,613,544,338 | ||
Money Market Funds - 4.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) | 31,196,074 | 31,202,313 | |
Fidelity Securities Lending Cash Central Fund 4.88% (c)(d) | 45,653,825 | 45,658,391 | |
TOTAL MONEY MARKET FUNDS (Cost $76,860,704) | 76,860,704 | ||
TOTAL INVESTMENT IN SECURITIES - 103.1% (Cost $1,524,649,034) | 1,690,405,042 |
NET OTHER ASSETS (LIABILITIES) - (3.1)% | (50,059,825) |
NET ASSETS - 100.0% | 1,640,345,217 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 32,028,909 | 416,851,569 | 417,678,165 | 483,758 | - | - | 31,202,313 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 20,391,450 | 631,740,769 | 606,473,828 | 120,800 | - | - | 45,658,391 | 0.1% |
Total | 52,420,359 | 1,048,592,338 | 1,024,151,993 | 604,558 | - | - | 76,860,704 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 1,613,544,338 | 1,396,205,396 | 217,338,942 | - |
Money Market Funds | 76,860,704 | 76,860,704 | - | - |
Total Investments in Securities: | 1,690,405,042 | 1,473,066,100 | 217,338,942 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $43,200,638) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,447,788,330) | $ | 1,613,544,338 | ||
Fidelity Central Funds (cost $76,860,704) | 76,860,704 | |||
Total Investment in Securities (cost $1,524,649,034) | $ | 1,690,405,042 | ||
Foreign currency held at value (cost $242,595) | 242,592 | |||
Receivable for investments sold | 24,226,304 | |||
Receivable for fund shares sold | 1,199,241 | |||
Dividends receivable | 3,537,757 | |||
Distributions receivable from Fidelity Central Funds | 69,764 | |||
Prepaid expenses | 589 | |||
Other receivables | 9,265 | |||
Total assets | 1,719,690,554 | |||
Liabilities | ||||
Payable for investments purchased | $ | 28,299,485 | ||
Payable for fund shares redeemed | 3,997,933 | |||
Accrued management fee | 966,526 | |||
Distribution and service plan fees payable | 64,684 | |||
Other affiliated payables | 313,596 | |||
Other payables and accrued expenses | 44,722 | |||
Collateral on securities loaned | 45,658,391 | |||
Total Liabilities | 79,345,337 | |||
Net Assets | $ | 1,640,345,217 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,669,472,907 | ||
Total accumulated earnings (loss) | (29,127,690) | |||
Net Assets | $ | 1,640,345,217 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($124,167,449 ÷ 6,717,143 shares) (a) | $ | 18.49 | ||
Maximum offering price per share (100/94.25 of $18.49) | $ | 19.62 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($23,680,650 ÷ 1,282,967 shares) (a) | $ | 18.46 | ||
Maximum offering price per share (100/96.50 of $18.46) | $ | 19.13 | ||
Class C : | ||||
Net Asset Value and offering price per share ($32,736,766 ÷ 1,786,560 shares) (a) | $ | 18.32 | ||
Global Commodity Stock : | ||||
Net Asset Value , offering price and redemption price per share ($728,795,853 ÷ 39,355,116 shares) | $ | 18.52 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($495,418,326 ÷ 26,770,850 shares) | $ | 18.51 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($235,546,173 ÷ 12,737,154 shares) | $ | 18.49 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 30,653,131 | ||
Income from Fidelity Central Funds (including $120,800 from security lending) | 604,558 | |||
Income before foreign taxes withheld | $ | 31,257,689 | ||
Less foreign taxes withheld | (1,979,245) | |||
Total Income | 29,278,444 | |||
Expenses | ||||
Management fee | $ | 6,291,513 | ||
Transfer agent fees | 1,621,556 | |||
Distribution and service plan fees | 407,879 | |||
Accounting fees | 393,154 | |||
Custodian fees and expenses | 45,177 | |||
Independent trustees' fees and expenses | 5,422 | |||
Registration fees | 174,119 | |||
Audit | 25,864 | |||
Legal | 1,471 | |||
Interest | 12,928 | |||
Miscellaneous | 3,623 | |||
Total expenses before reductions | 8,982,706 | |||
Expense reductions | (68,683) | |||
Total expenses after reductions | 8,914,023 | |||
Net Investment income (loss) | 20,364,421 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 299,633 | |||
Foreign currency transactions | 32,418 | |||
Total net realized gain (loss) | 332,051 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (93,594,641) | |||
Assets and liabilities in foreign currencies | 15,553 | |||
Total change in net unrealized appreciation (depreciation) | (93,579,088) | |||
Net gain (loss) | (93,247,037) | |||
Net increase (decrease) in net assets resulting from operations | $ | (72,882,616) |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 20,364,421 | $ | 36,916,447 |
Net realized gain (loss) | 332,051 | (11,614,714) | ||
Change in net unrealized appreciation (depreciation) | (93,579,088) | 103,859,568 | ||
Net increase (decrease) in net assets resulting from operations | (72,882,616) | 129,161,301 | ||
Distributions to shareholders | (34,691,564) | (25,407,967) | ||
Share transactions - net increase (decrease) | (67,197,403) | 953,160,143 | ||
Total increase (decrease) in net assets | (174,771,583) | 1,056,913,477 | ||
Net Assets | ||||
Beginning of period | 1,815,116,800 | 758,203,323 | ||
End of period | $ | 1,640,345,217 | $ | 1,815,116,800 |
Fidelity Advisor® Global Commodity Stock Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.50 | $ | 16.35 | $ | 10.80 | $ | 12.14 | $ | 12.42 | $ | 12.56 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .19 | .47 | .48 | .28 | .35 | .21 | ||||||
Net realized and unrealized gain (loss) | (.88) | 3.19 | 5.24 | (1.26) | (.41) | (.22) | ||||||
Total from investment operations | (.69) | 3.66 | 5.72 | (.98) | (.06) | (.01) | ||||||
Distributions from net investment income | (.32) | (.51) | (.17) | (.36) | (.20) | (.09) | ||||||
Distributions from net realized gain | - | - | - | - | (.02) | (.05) | ||||||
Total distributions | (.32) | (.51) | (.17) | (.36) | (.22) | (.13) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 18.49 | $ | 19.50 | $ | 16.35 | $ | 10.80 | $ | 12.14 | $ | 12.42 |
Total Return E,F,G | (3.59)% | 23.27% | 53.37% | (8.39)% | (.44)% | (.05)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.19% J | 1.19% | 1.23% | 1.31% | 1.29% | 1.28% | ||||||
Expenses net of fee waivers, if any | 1.19% J | 1.19% | 1.22% | 1.31% | 1.28% | 1.28% | ||||||
Expenses net of all reductions | 1.19% J | 1.19% | 1.22% | 1.29% | 1.28% | 1.27% | ||||||
Net investment income (loss) | 1.97% J | 2.53% | 3.18% | 2.53% | 2.86% | 1.55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 124,167 | $ | 128,363 | $ | 45,343 | $ | 20,453 | $ | 25,779 | $ | 27,258 |
Portfolio turnover rate K | 151% J | 42% | 37% | 40% | 55% | 70% |
Fidelity Advisor® Global Commodity Stock Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.46 | $ | 16.32 | $ | 10.78 | $ | 12.12 | $ | 12.39 | $ | 12.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .42 | .44 | .25 | .31 | .16 | ||||||
Net realized and unrealized gain (loss) | (.88) | 3.19 | 5.24 | (1.27) | (.40) | (.20) | ||||||
Total from investment operations | (.72) | 3.61 | 5.68 | (1.02) | (.09) | (.04) | ||||||
Distributions from net investment income | (.28) | (.47) | (.14) | (.32) | (.16) | (.06) | ||||||
Distributions from net realized gain | - | - | - | - | (.02) | (.05) | ||||||
Total distributions | (.28) | (.47) | (.14) | (.32) | (.18) | (.10) C | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 18.46 | $ | 19.46 | $ | 16.32 | $ | 10.78 | $ | 12.12 | $ | 12.39 |
Total Return E,F,G | (3.75)% | 22.93% | 52.97% | (8.72)% | (.70)% | (.30)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.46% J | 1.46% | 1.52% | 1.59% | 1.59% | 1.59% | ||||||
Expenses net of fee waivers, if any | 1.45% J | 1.46% | 1.52% | 1.59% | 1.59% | 1.59% | ||||||
Expenses net of all reductions | 1.45% J | 1.46% | 1.52% | 1.58% | 1.59% | 1.58% | ||||||
Net investment income (loss) | 1.71% J | 2.26% | 2.88% | 2.24% | 2.55% | 1.24% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 23,681 | $ | 24,513 | $ | 8,888 | $ | 4,378 | $ | 5,416 | $ | 7,200 |
Portfolio turnover rate K | 151% J | 42% | 37% | 40% | 55% | 70% |
Fidelity Advisor® Global Commodity Stock Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.29 | $ | 16.17 | $ | 10.68 | $ | 11.99 | $ | 12.26 | $ | 12.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .33 | .37 | .20 | .26 | .11 | ||||||
Net realized and unrealized gain (loss) | (.88) | 3.18 | 5.20 | (1.26) | (.41) | (.19) | ||||||
Total from investment operations | (.76) | 3.51 | 5.57 | (1.06) | (.15) | (.08) | ||||||
Distributions from net investment income | (.21) | (.39) | (.08) | (.25) | (.11) | - | ||||||
Distributions from net realized gain | - | - | - | - | (.02) | (.05) | ||||||
Total distributions | (.21) | (.39) | (.08) | (.25) | (.12) C | (.05) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 18.32 | $ | 19.29 | $ | 16.17 | $ | 10.68 | $ | 11.99 | $ | 12.26 |
Total Return E,F,G | (4.00)% | 22.34% | 52.30% | (9.11)% | (1.16)% | (.67)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.94% J | 1.94% | 1.97% | 2.05% | 2.02% | 2.00% | ||||||
Expenses net of fee waivers, if any | 1.94% J | 1.93% | 1.96% | 2.04% | 2.02% | 1.99% | ||||||
Expenses net of all reductions | 1.94% J | 1.93% | 1.96% | 2.03% | 2.01% | 1.98% | ||||||
Net investment income (loss) | 1.22% J | 1.78% | 2.44% | 1.79% | 2.13% | .84% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 32,737 | $ | 34,984 | $ | 11,020 | $ | 7,871 | $ | 11,294 | $ | 20,793 |
Portfolio turnover rate K | 151% J | 42% | 37% | 40% | 55% | 70% |
Fidelity® Global Commodity Stock Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.55 | $ | 16.39 | $ | 10.82 | $ | 12.15 | $ | 12.44 | $ | 12.59 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .21 | .52 | .53 | .31 | .37 | .23 | ||||||
Net realized and unrealized gain (loss) | (.88) | 3.19 | 5.26 | (1.26) | (.41) | (.20) | ||||||
Total from investment operations | (.67) | 3.71 | 5.79 | (.95) | (.04) | .03 | ||||||
Distributions from net investment income | (.36) | (.55) | (.22) | (.38) | (.23) | (.13) | ||||||
Distributions from net realized gain | - | - | - | - | (.02) | (.05) | ||||||
Total distributions | (.36) | (.55) | (.22) | (.38) | (.25) | (.18) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.52 | $ | 19.55 | $ | 16.39 | $ | 10.82 | $ | 12.15 | $ | 12.44 |
Total Return D,E | (3.53)% | 23.57% | 53.95% | (8.16)% | (.23)% | .23% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .96% H | .94% | .94% | 1.02% | 1.06% | 1.08% | ||||||
Expenses net of fee waivers, if any | .95% H | .94% | .94% | 1.02% | 1.06% | 1.08% | ||||||
Expenses net of all reductions | .95% H | .94% | .94% | 1.00% | 1.06% | 1.06% | ||||||
Net investment income (loss) | 2.20% H | 2.78% | 3.46% | 2.82% | 3.08% | 1.75% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 728,796 | $ | 893,636 | $ | 546,863 | $ | 176,718 | $ | 257,011 | $ | 369,563 |
Portfolio turnover rate I | 151% H | 42% | 37% | 40% | 55% | 70% |
Fidelity Advisor® Global Commodity Stock Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.54 | $ | 16.39 | $ | 10.81 | $ | 12.16 | $ | 12.45 | $ | 12.60 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .21 | .52 | .53 | .32 | .39 | .25 | ||||||
Net realized and unrealized gain (loss) | (.87) | 3.19 | 5.25 | (1.26) | (.41) | (.21) | ||||||
Total from investment operations | (.66) | 3.71 | 5.78 | (.94) | (.02) | .04 | ||||||
Distributions from net investment income | (.37) | (.56) | (.20) | (.41) | (.25) | (.14) | ||||||
Distributions from net realized gain | - | - | - | - | (.02) | (.05) | ||||||
Total distributions | (.37) | (.56) | (.20) | (.41) | (.27) | (.19) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 18.51 | $ | 19.54 | $ | 16.39 | $ | 10.81 | $ | 12.16 | $ | 12.45 |
Total Return D,E | (3.48)% | 23.56% | 53.97% | (8.11)% | (.06)% | .30% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .92% H | .92% | .93% | .95% | .92% | .93% | ||||||
Expenses net of fee waivers, if any | .92% H | .92% | .93% | .95% | .92% | .93% | ||||||
Expenses net of all reductions | .92% H | .92% | .93% | .93% | .91% | .91% | ||||||
Net investment income (loss) | 2.23% H | 2.80% | 3.48% | 2.88% | 3.23% | 1.90% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 495,418 | $ | 499,191 | $ | 85,252 | $ | 33,185 | $ | 102,633 | $ | 117,981 |
Portfolio turnover rate I | 151% H | 42% | 37% | 40% | 55% | 70% |
Fidelity Advisor® Global Commodity Stock Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 19.53 | $ | 16.38 | $ | 10.81 | $ | 12.16 | $ | 12.46 | $ | 13.84 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .23 | .54 | .56 | .34 | .39 | (.01) | ||||||
Net realized and unrealized gain (loss) | (.89) | 3.19 | 5.23 | (1.26) | (.40) | (1.37) | ||||||
Total from investment operations | (.66) | 3.73 | 5.79 | (.92) | (.01) | (1.38) | ||||||
Distributions from net investment income | (.38) | (.58) | (.22) | (.43) | (.27) | - | ||||||
Distributions from net realized gain | - | - | - | - | (.02) | - | ||||||
Total distributions | (.38) | (.58) | (.22) | (.43) | (.29) | - | ||||||
Net asset value, end of period | $ | 18.49 | $ | 19.53 | $ | 16.38 | $ | 10.81 | $ | 12.16 | $ | 12.46 |
Total Return D,E | (3.45)% | 23.72% | 54.07% | (7.99)% | .03% | (9.97)% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .79% H | .79% | .80% | .85% | .83% | .89% H | ||||||
Expenses net of fee waivers, if any | .79% H | .79% | .80% | .84% | .83% | .89% H | ||||||
Expenses net of all reductions | .79% H | .79% | .80% | .83% | .82% | .87% H | ||||||
Net investment income (loss) | 2.37% H | 2.93% | 3.60% | 2.99% | 3.32% | (.70)% H | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 235,546 | $ | 234,430 | $ | 60,837 | $ | 16,505 | $ | 104,489 | $ | 5,118 |
Portfolio turnover rate I | 151% H | 42% | 37% | 40% | 55% | 70% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $222,932,386 |
Gross unrealized depreciation | (65,503,660) |
Net unrealized appreciation (depreciation) | $157,428,726 |
Tax cost | $1,532,976,316 |
Short-term | $(61,986,325) |
Long-term | (122,480,238) |
Total capital loss carryforward | $(184,466,563) |
Purchases ($) | Sales ($) | |
Fidelity Global Commodity Stock Fund | 1,372,871,593 | 1,460,464,120 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $168,190 | $12,622 |
Class M | .25% | .25% | 62,904 | 791 |
Class C | .75% | .25% | 176,785 | 75,773 |
$407,879 | $89,186 |
Retained by FDC | |
Class A | $131,680 |
Class M | 3,526 |
Class C A | 4,697 |
$139,903 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $128,198 | .19 |
Class M | 27,025 | .22 |
Class C | 33,496 | .19 |
Global Commodity Stock | 892,662 | .21 |
Class I | 486,315 | .17 |
Class Z | 53,860 | .04 |
$1,621,556 |
% of Average Net Assets | |
Fidelity Global Commodity Stock Fund | .04 |
Amount | |
Fidelity Global Commodity Stock Fund | $21,233 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Global Commodity Stock Fund | Borrower | $9,585,300 | 4.86% | $12,928 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Global Commodity Stock Fund | 57,337,688 | 46,867,482 | (3,824,073) |
Amount | |
Fidelity Global Commodity Stock Fund | $1,853 |
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 Global Commodity Stock Fund | $13,515 | $- | $- |
Expense Limitations | Reimbursement | |
Class M | 1.45% | $1,504 |
Global Commodity Stock | .95% | 24,651 |
$26,155 |
Expense reduction | |
Class M | 121 |
Class C | 7 |
$128 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Global Commodity Stock Fund | ||
Distributions to shareholders | ||
Class A | $2,247,696 | $1,448,690 |
Class M | 366,393 | 259,454 |
Class C | 382,649 | 264,183 |
Global Commodity Stock | 16,441,380 | 18,171,488 |
Class I | 10,386,346 | 3,064,346 |
Class Z | 4,867,100 | 2,199,806 |
Total | $34,691,564 | $25,407,967 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Global Commodity Stock Fund | ||||
Class A | ||||
Shares sold | 1,307,233 | 5,245,104 | $25,440,094 | $102,330,553 |
Reinvestment of distributions | 115,956 | 93,881 | 2,236,781 | 1,435,437 |
Shares redeemed | (1,287,539) | (1,530,075) | (24,366,674) | (28,265,460) |
Net increase (decrease) | 135,650 | 3,808,910 | $3,310,201 | $75,500,530 |
Class M | ||||
Shares sold | 173,322 | 994,128 | $3,371,035 | $18,969,401 |
Reinvestment of distributions | 18,802 | 16,878 | 362,695 | 258,240 |
Shares redeemed | (168,825) | (295,956) | (3,190,134) | (5,535,121) |
Net increase (decrease) | 23,299 | 715,050 | $543,596 | $13,692,520 |
Class C | ||||
Shares sold | 267,044 | 1,526,059 | $5,192,991 | $29,910,914 |
Reinvestment of distributions | 19,865 | 17,324 | 381,017 | 263,849 |
Shares redeemed | (313,589) | (411,550) | (5,919,218) | (7,532,050) |
Net increase (decrease) | (26,680) | 1,131,833 | $(345,210) | $22,642,713 |
Global Commodity Stock | ||||
Shares sold | 10,826,615 | 37,700,647 | $212,425,121 | $735,708,594 |
Reinvestment of distributions | 741,996 | 1,053,837 | 14,327,947 | 16,113,170 |
Shares redeemed | (17,930,384) | (26,409,632) | (344,612,797) | (482,758,151) |
Net increase (decrease) | (6,361,773) | 12,344,852 | $(117,859,729) | $269,063,613 |
Class I | ||||
Shares sold | 12,226,292 | 29,119,851 | $238,837,159 | $566,732,834 |
Reinvestment of distributions | 528,030 | 198,222 | 10,190,979 | 3,028,836 |
Shares redeemed | (11,529,104) | (8,975,269) | (218,278,054) | (163,585,245) |
Net increase (decrease) | 1,225,218 | 20,342,804 | $30,750,084 | $406,176,425 |
Class Z | ||||
Shares sold | 3,925,536 | 12,915,308 | $76,320,194 | $249,174,298 |
Reinvestment of distributions | 213,545 | 129,470 | 4,115,012 | 1,975,709 |
Shares redeemed | (3,404,407) | (4,757,037) | (64,031,551) | (85,065,665) |
Net increase (decrease) | 734,674 | 8,287,741 | $16,403,655 | $166,084,342 |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Global Commodity Stock Fund | ||||||||||
Class A | 1.19% | |||||||||
Actual | $ 1,000 | $ 964.10 | $ 5.80 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.89 | $ 5.96 | |||||||
Class M | 1.45% | |||||||||
Actual | $ 1,000 | $ 962.50 | $ 7.06 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.60 | $ 7.25 | |||||||
Class C | 1.94% | |||||||||
Actual | $ 1,000 | $ 960.00 | $ 9.43 | |||||||
Hypothetical- B | $ 1,000 | $ 1,015.17 | $ 9.69 | |||||||
Fidelity® Global Commodity Stock Fund | .95% | |||||||||
Actual | $ 1,000 | $ 964.70 | $ 4.63 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.08 | $ 4.76 | |||||||
Class I | .92% | |||||||||
Actual | $ 1,000 | $ 965.20 | $ 4.48 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.23 | $ 4.61 | |||||||
Class Z | .79% | |||||||||
Actual | $ 1,000 | $ 965.50 | $ 3.85 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.88 | $ 3.96 | |||||||
- 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) | 2.7 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 2.4 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 2.4 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.9 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.7 | |
Canadian Pacific Kansas City Ltd. (Canada, Ground Transportation) | 1.6 | |
Linde PLC (United States of America, Chemicals) | 1.5 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 1.5 | |
Housing Development Finance Corp. Ltd. (India, Financial Services) | 1.3 | |
China Life Insurance Co. Ltd. (H Shares) (China, Insurance) | 1.3 | |
18.3 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.6 | |
Industrials | 19.3 | |
Information Technology | 13.0 | |
Consumer Discretionary | 11.7 | |
Materials | 10.2 | |
Health Care | 5.9 | |
Energy | 5.7 | |
Communication Services | 4.2 | |
Consumer Staples | 2.5 | |
Utilities | 0.5 | |
Real Estate | 0.4 | |
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 - 95.0% | |||
Shares | Value ($) | ||
Australia - 2.7% | |||
BHP Group Ltd. | 90,530 | 2,686,704 | |
Flutter Entertainment PLC (a) | 1,126 | 225,213 | |
Glencore PLC | 235,491 | 1,390,017 | |
Imdex Ltd. | 43,461 | 60,056 | |
Macquarie Group Ltd. | 7,862 | 959,100 | |
National Australia Bank Ltd. | 19,539 | 376,148 | |
Steadfast Group Ltd. | 17,941 | 70,731 | |
Woodside Energy Group Ltd. | 29,331 | 665,530 | |
TOTAL AUSTRALIA | 6,433,499 | ||
Belgium - 0.6% | |||
Azelis Group NV | 14,444 | 342,191 | |
KBC Ancora | 2,719 | 130,808 | |
KBC Group NV | 10,243 | 731,156 | |
UCB SA | 3,542 | 329,485 | |
TOTAL BELGIUM | 1,533,640 | ||
Brazil - 0.4% | |||
Localiza Rent a Car SA | 72,403 | 842,074 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 323 | 1,111 | |
TOTAL BRAZIL | 843,185 | ||
Canada - 7.2% | |||
Barrick Gold Corp. | 79,265 | 1,509,206 | |
CAE, Inc. (a) | 57,079 | 1,284,525 | |
Cameco Corp. | 30,670 | 843,235 | |
Canadian Natural Resources Ltd. | 15,965 | 972,853 | |
Canadian Pacific Kansas City Ltd. | 47,229 | 3,722,964 | |
Constellation Software, Inc. | 921 | 1,802,654 | |
Franco-Nevada Corp. | 8,761 | 1,329,362 | |
McCoy Global, Inc. (a) | 7,000 | 7,957 | |
Nutrien Ltd. | 22,314 | 1,547,989 | |
Osisko Gold Royalties Ltd. | 3,688 | 59,940 | |
Pason Systems, Inc. | 5,003 | 43,573 | |
Richelieu Hardware Ltd. | 22,967 | 690,612 | |
Suncor Energy, Inc. | 41,159 | 1,288,678 | |
The Toronto-Dominion Bank (b) | 35,467 | 2,148,413 | |
TOTAL CANADA | 17,251,961 | ||
Chile - 0.4% | |||
Antofagasta PLC | 51,476 | 944,833 | |
China - 9.8% | |||
Alibaba Group Holding Ltd. (a) | 185,082 | 1,956,988 | |
BeiGene Ltd. ADR (a) | 3,253 | 829,385 | |
China Life Insurance Co. Ltd. (H Shares) | 1,600,125 | 3,074,089 | |
Chlitina Holding Ltd. | 9,200 | 65,620 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 923,356 | 576,282 | |
Haier Smart Home Co. Ltd. (A Shares) | 595,300 | 2,046,875 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 517,285 | 943,685 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 2,267,664 | 1,220,013 | |
JD.com, Inc. Class A | 58,953 | 1,052,184 | |
Li Ning Co. Ltd. | 75,182 | 537,673 | |
Meituan Class B (a)(c) | 113,512 | 1,939,972 | |
Shangri-La Asia Ltd. (a) | 807,298 | 744,745 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 140,100 | 1,254,863 | |
Sunny Optical Technology Group Co. Ltd. | 83,074 | 877,869 | |
Tencent Holdings Ltd. | 128,221 | 5,695,079 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 64,767 | 693,372 | |
TOTAL CHINA | 23,508,694 | ||
Denmark - 1.4% | |||
DSV A/S | 2,603 | 488,892 | |
Novo Nordisk A/S Series B | 13,289 | 2,210,685 | |
Spar Nord Bank A/S | 3,579 | 58,041 | |
Vestas Wind Systems A/S | 20,041 | 554,546 | |
TOTAL DENMARK | 3,312,164 | ||
Egypt - 0.0% | |||
Integrated Diagnostics Holdings PLC (c) | 60,949 | 27,488 | |
Finland - 0.6% | |||
Kone OYJ (B Shares) | 7,297 | 415,697 | |
Musti Group OYJ | 3,187 | 65,986 | |
Sampo Oyj (A Shares) | 16,951 | 858,455 | |
TOTAL FINLAND | 1,340,138 | ||
France - 8.7% | |||
Adevinta ASA Class B (a) | 22,150 | 170,432 | |
Air Liquide SA | 5,362 | 964,571 | |
Airbus Group NV (b) | 15,781 | 2,209,886 | |
ALTEN | 2,502 | 424,571 | |
AXA SA | 44,456 | 1,451,051 | |
BNP Paribas SA | 19,679 | 1,271,527 | |
Capgemini SA | 3,047 | 553,650 | |
Edenred SA | 15,716 | 1,020,345 | |
Euroapi SASU | 459 | 5,510 | |
Laurent-Perrier Group SA | 469 | 63,565 | |
Lectra | 8,553 | 278,024 | |
Legrand SA | 12,547 | 1,184,849 | |
LISI | 3,559 | 100,787 | |
LVMH Moet Hennessy Louis Vuitton SE | 4,706 | 4,526,614 | |
Safran SA | 13,496 | 2,098,895 | |
Teleperformance | 1,400 | 278,913 | |
TotalEnergies SE (b) | 41,675 | 2,663,030 | |
Vetoquinol SA | 1,238 | 121,273 | |
VINCI SA (b) | 5,797 | 716,702 | |
Vivendi SA (b) | 49,329 | 541,056 | |
TOTAL FRANCE | 20,645,251 | ||
Germany - 4.2% | |||
Bayer AG | 13,509 | 891,544 | |
Covestro AG (c) | 9,215 | 404,266 | |
CTS Eventim AG | 5,036 | 330,730 | |
Deutsche Borse AG | 6,046 | 1,153,024 | |
Deutsche Post AG | 16,255 | 781,859 | |
Hannover Reuck SE | 4,336 | 924,990 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2,396 | 898,972 | |
Nexus AG | 1,420 | 81,364 | |
Rheinmetall AG | 4,226 | 1,236,335 | |
RWE AG | 20,805 | 975,460 | |
Scout24 AG (c) | 1,401 | 87,223 | |
Siemens AG | 10,970 | 1,808,210 | |
Stabilus Se | 1,031 | 67,255 | |
Vonovia SE | 20,751 | 450,058 | |
TOTAL GERMANY | 10,091,290 | ||
Greece - 0.7% | |||
National Bank of Greece SA (a) | 300,374 | 1,568,855 | |
Hong Kong - 1.7% | |||
AIA Group Ltd. | 230,018 | 2,504,223 | |
Pacific Basin Shipping Ltd. | 1,658,000 | 576,912 | |
Prudential PLC | 60,966 | 932,843 | |
TOTAL HONG KONG | 4,013,978 | ||
Hungary - 0.5% | |||
Richter Gedeon PLC | 53,390 | 1,288,419 | |
India - 4.0% | |||
Axis Bank Ltd. | 113,658 | 1,201,030 | |
Bharat Heavy Electricals Ltd. | 786,593 | 757,692 | |
Embassy Office Parks (REIT) | 13,300 | 53,675 | |
Housing Development Finance Corp. Ltd. | 90,554 | 3,088,598 | |
Indian Energy Exchange Ltd. (a)(c) | 29,319 | 56,380 | |
Kotak Mahindra Bank Ltd. | 13,798 | 328,740 | |
Larsen & Toubro Ltd. | 46,599 | 1,352,446 | |
Reliance Industries Ltd. | 2,800 | 83,240 | |
Reliance Industries Ltd. GDR (c) | 12,081 | 720,028 | |
Shree Cement Ltd. | 2,976 | 888,271 | |
Solar Industries India Ltd. | 22,724 | 1,065,760 | |
TOTAL INDIA | 9,595,860 | ||
Indonesia - 0.4% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 1,256,307 | 437,797 | |
PT United Tractors Tbk | 255,716 | 504,803 | |
TOTAL INDONESIA | 942,600 | ||
Ireland - 1.5% | |||
AerCap Holdings NV (a) | 1,652 | 93,107 | |
Bank of Ireland Group PLC | 62,371 | 643,968 | |
Cairn Homes PLC | 48,104 | 54,772 | |
CRH PLC | 20,373 | 983,078 | |
CRH PLC sponsored ADR | 27,486 | 1,333,071 | |
Irish Residential Properties REIT PLC | 34,729 | 39,492 | |
Ryanair Holdings PLC sponsored ADR (a) | 5,613 | 536,547 | |
TOTAL IRELAND | 3,684,035 | ||
Israel - 0.4% | |||
Ituran Location & Control Ltd. | 3,915 | 81,432 | |
Maytronics Ltd. | 2,524 | 26,364 | |
NICE Ltd. sponsored ADR (a) | 4,486 | 915,189 | |
Tel Aviv Stock Exchange Ltd. | 7,900 | 36,373 | |
TOTAL ISRAEL | 1,059,358 | ||
Italy - 1.3% | |||
Enel SpA | 20,300 | 138,692 | |
Eni SpA | 66,346 | 1,002,316 | |
Interpump Group SpA | 14,603 | 812,276 | |
Mediobanca SpA | 57,318 | 614,534 | |
Prada SpA | 80,900 | 595,641 | |
TOTAL ITALY | 3,163,459 | ||
Japan - 11.7% | |||
Ai Holdings Corp. | 1,450 | 25,385 | |
Aoki Super Co. Ltd. | 1,900 | 33,696 | |
Artnature, Inc. | 5,300 | 30,485 | |
Aucnet, Inc. | 3,400 | 39,770 | |
Azbil Corp. | 38,665 | 1,081,335 | |
Broadleaf Co. Ltd. | 27,600 | 87,068 | |
Central Automotive Products Ltd. | 1,100 | 23,387 | |
Curves Holdings Co. Ltd. | 22,300 | 130,012 | |
Daiichi Sankyo Kabushiki Kaisha | 2,077 | 71,271 | |
Daiichikosho Co. Ltd. | 8,200 | 147,011 | |
Daikokutenbussan Co. Ltd. | 700 | 28,025 | |
DENSO Corp. | 14,642 | 883,844 | |
Digital Hearts Holdings Co. Ltd. | 3,600 | 39,003 | |
FANUC Corp. | 14,500 | 489,683 | |
Fast Retailing Co. Ltd. | 2,573 | 609,291 | |
FUJIFILM Holdings Corp. | 10,094 | 526,099 | |
Fujitec Co. Ltd. | 2,200 | 58,606 | |
Fujitsu Ltd. | 3,866 | 515,250 | |
Funai Soken Holdings, Inc. | 3,250 | 62,301 | |
Goldcrest Co. Ltd. | 6,560 | 87,935 | |
Hitachi Ltd. | 28,263 | 1,563,358 | |
Hoya Corp. | 13,429 | 1,408,098 | |
Ibiden Co. Ltd. | 6,912 | 271,961 | |
INPEX Corp. | 32,213 | 352,509 | |
Itochu Corp. | 28,948 | 960,346 | |
Keyence Corp. | 4,984 | 2,247,566 | |
Kobayashi Pharmaceutical Co. Ltd. | 1,600 | 99,843 | |
Koshidaka Holdings Co. Ltd. | 16,300 | 137,995 | |
Kusuri No Aoki Holdings Co. Ltd. | 1,000 | 47,984 | |
Lasertec Corp. | 4,950 | 673,428 | |
Medikit Co. Ltd. | 3,300 | 57,272 | |
Minebea Mitsumi, Inc. | 25,202 | 466,707 | |
Miroku Jyoho Service Co., Ltd. | 2,400 | 29,978 | |
Misumi Group, Inc. | 38,724 | 976,898 | |
Mitsubishi Estate Co. Ltd. | 28,594 | 352,401 | |
Mitsubishi UFJ Financial Group, Inc. | 190,172 | 1,190,388 | |
Mitsuboshi Belting Ltd. | 1,200 | 34,380 | |
Nagaileben Co. Ltd. | 7,400 | 115,112 | |
Nihon Parkerizing Co. Ltd. | 18,500 | 144,803 | |
NOF Corp. | 1,890 | 86,357 | |
NS Tool Co. Ltd. | 6,600 | 55,023 | |
NSD Co. Ltd. | 4,800 | 88,303 | |
OBIC Co. Ltd. | 1,450 | 223,409 | |
ORIX Corp. | 44,841 | 762,859 | |
OSG Corp. | 20,480 | 287,697 | |
Paramount Bed Holdings Co. Ltd. | 2,400 | 42,559 | |
ProNexus, Inc. | 5,100 | 37,464 | |
Recruit Holdings Co. Ltd. | 40,100 | 1,124,950 | |
Renesas Electronics Corp. (a) | 48,220 | 628,425 | |
San-Ai Obbli Co. Ltd. | 6,300 | 66,377 | |
Shin-Etsu Chemical Co. Ltd. | 34,990 | 998,468 | |
SHO-BOND Holdings Co. Ltd. | 16,680 | 712,836 | |
Shoei Co. Ltd. | 6,800 | 126,147 | |
SK Kaken Co. Ltd. | 420 | 133,550 | |
SoftBank Group Corp. | 10,864 | 407,426 | |
Software Service, Inc. | 800 | 51,267 | |
Sony Group Corp. | 6,174 | 558,585 | |
Sumitomo Mitsui Financial Group, Inc. | 25,934 | 1,060,017 | |
Suzuki Motor Corp. | 18,396 | 641,441 | |
Techno Medica Co. Ltd. | 500 | 6,595 | |
The Monogatari Corp. | 3,160 | 66,422 | |
TIS, Inc. | 13,774 | 378,230 | |
Tocalo Co. Ltd. | 4,800 | 45,078 | |
Tokio Marine Holdings, Inc. | 44,339 | 891,526 | |
Toyota Motor Corp. | 132,923 | 1,825,038 | |
USS Co. Ltd. | 27,100 | 455,388 | |
YAKUODO Holdings Co. Ltd. | 2,600 | 47,526 | |
TOTAL JAPAN | 27,909,447 | ||
Kenya - 0.1% | |||
Safaricom Ltd. | 1,488,945 | 180,644 | |
Korea (South) - 4.2% | |||
BGF Retail Co. Ltd. | 491 | 68,528 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 10,552 | 581,071 | |
Hyundai Motor Co. Ltd. | 7,995 | 1,184,763 | |
Korea Aerospace Industries Ltd. | 35,636 | 1,464,360 | |
POSCO | 3,283 | 929,472 | |
Samsung Electronics Co. Ltd. | 115,662 | 5,693,299 | |
TOTAL KOREA (SOUTH) | 9,921,493 | ||
Luxembourg - 0.2% | |||
ArcelorMittal SA (Netherlands) | 17,958 | 508,747 | |
Mexico - 0.5% | |||
Grupo Financiero Banorte S.A.B. de CV Series O | 62,027 | 536,386 | |
Wal-Mart de Mexico SA de CV Series V | 184,772 | 744,966 | |
TOTAL MEXICO | 1,281,352 | ||
Netherlands - 3.5% | |||
Aalberts Industries NV | 12,075 | 555,901 | |
ASML Holding NV (Netherlands) | 6,400 | 4,044,414 | |
BE Semiconductor Industries NV | 1,134 | 101,639 | |
IMCD NV | 3,740 | 561,295 | |
Shell PLC ADR | 47,948 | 2,971,817 | |
Universal Music Group NV | 10,273 | 224,246 | |
TOTAL NETHERLANDS | 8,459,312 | ||
Norway - 0.2% | |||
Kongsberg Gruppen ASA | 4,725 | 211,841 | |
Medistim ASA | 1,929 | 47,605 | |
Schibsted ASA (B Shares) | 12,781 | 206,999 | |
Volue A/S (a) | 10,613 | 17,926 | |
TOTAL NORWAY | 484,371 | ||
Peru - 0.4% | |||
Credicorp Ltd. (United States) | 7,815 | 1,058,776 | |
Russia - 0.1% | |||
LUKOIL PJSC sponsored ADR (a)(d) | 15,040 | 4,255 | |
Sberbank of Russia sponsored ADR (a)(d) | 62,556 | 1,114 | |
Yandex NV Series A (a)(d) | 15,421 | 117,200 | |
TOTAL RUSSIA | 122,569 | ||
Singapore - 0.4% | |||
United Overseas Bank Ltd. | 43,682 | 927,717 | |
South Africa - 1.7% | |||
Absa Group Ltd. | 100,354 | 974,546 | |
Anglo American PLC (United Kingdom) | 25,108 | 773,682 | |
Clicks Group Ltd. | 13,000 | 189,992 | |
Impala Platinum Holdings Ltd. | 104,324 | 1,015,678 | |
MTN Group Ltd. | 137,013 | 961,132 | |
Thungela Resources Ltd. (b) | 4,647 | 43,158 | |
TOTAL SOUTH AFRICA | 3,958,188 | ||
Spain - 1.4% | |||
Amadeus IT Holding SA Class A (a) | 23,421 | 1,646,146 | |
Banco Santander SA (Spain) (b) | 366,673 | 1,287,464 | |
Cellnex Telecom SA (c) | 7,098 | 298,854 | |
Fluidra SA | 2,001 | 34,242 | |
Unicaja Banco SA (c) | 147,836 | 149,787 | |
TOTAL SPAIN | 3,416,493 | ||
Sweden - 3.4% | |||
Addlife AB | 7,452 | 88,072 | |
AddTech AB (B Shares) | 25,409 | 507,930 | |
Alleima AB | 2,191 | 11,234 | |
ASSA ABLOY AB (B Shares) | 44,792 | 1,065,306 | |
Atlas Copco AB (A Shares) | 144,742 | 2,090,316 | |
Autoliv, Inc. | 8,407 | 721,405 | |
Bergman & Beving AB (B Shares) | 5,000 | 70,209 | |
Epiroc AB (A Shares) | 53,359 | 1,068,945 | |
Hemnet Group AB | 6,282 | 102,913 | |
Investor AB (B Shares) | 51,133 | 1,095,951 | |
INVISIO AB | 3,973 | 81,552 | |
John Mattson Fastighetsforetag (a) | 3,623 | 25,013 | |
Lagercrantz Group AB (B Shares) | 53,594 | 688,801 | |
Sandvik AB (b) | 20,613 | 419,092 | |
Teqnion AB | 2,800 | 48,764 | |
TOTAL SWEDEN | 8,085,503 | ||
Switzerland - 1.8% | |||
Schindler Holding AG: | |||
(participation certificate) | 1,789 | 397,689 | |
(Reg.) | 107 | 22,732 | |
Swiss Life Holding AG | 879 | 577,051 | |
Tecan Group AG | 416 | 180,483 | |
UBS Group AG | 14,000 | 282,945 | |
UBS Group AG | 72,902 | 1,476,266 | |
Zurich Insurance Group Ltd. | 2,665 | 1,287,405 | |
TOTAL SWITZERLAND | 4,224,571 | ||
Taiwan - 3.9% | |||
Addcn Technology Co. Ltd. | 9,413 | 62,229 | |
ECLAT Textile Co. Ltd. | 65,854 | 1,047,994 | |
HIWIN Technologies Corp. | 117,415 | 901,257 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 391,708 | 6,409,967 | |
Yageo Corp. | 48,420 | 784,386 | |
TOTAL TAIWAN | 9,205,833 | ||
Thailand - 0.4% | |||
Kasikornbank PCL (For. Reg.) | 239,571 | 879,684 | |
United Kingdom - 5.0% | |||
AstraZeneca PLC (United Kingdom) | 4,532 | 666,943 | |
BAE Systems PLC | 173,655 | 2,212,362 | |
Barratt Developments PLC | 84,381 | 530,229 | |
Beazley PLC | 50,461 | 377,647 | |
Bodycote PLC | 20,381 | 176,863 | |
BP PLC | 94,472 | 633,812 | |
Clarkson PLC | 2,103 | 81,931 | |
Compass Group PLC | 55,816 | 1,472,480 | |
Dechra Pharmaceuticals PLC | 5,657 | 265,182 | |
Howden Joinery Group PLC | 16,094 | 138,468 | |
Imperial Brands PLC | 17,530 | 433,939 | |
InterContinental Hotel Group PLC ADR | 10,855 | 752,034 | |
Lloyds Banking Group PLC | 1,207,298 | 733,460 | |
NatWest Group PLC | 135,554 | 446,528 | |
Rightmove PLC | 66,834 | 482,291 | |
Rolls-Royce Holdings PLC (a) | 58,080 | 111,262 | |
Spectris PLC | 26,148 | 1,235,264 | |
Spirax-Sarco Engineering PLC | 1,585 | 220,907 | |
Standard Chartered PLC (United Kingdom) | 130,192 | 1,028,181 | |
TOTAL UNITED KINGDOM | 11,999,783 | ||
United States of America - 9.6% | |||
Experian PLC | 31,336 | 1,109,447 | |
Ferguson PLC | 3,065 | 431,225 | |
Lam Research Corp. | 775 | 406,162 | |
Linde PLC | 9,932 | 3,669,377 | |
Marsh & McLennan Companies, Inc. | 10,930 | 1,969,477 | |
MasterCard, Inc. Class A | 3,300 | 1,254,099 | |
Moody's Corp. | 3,174 | 993,843 | |
Morningstar, Inc. | 958 | 170,821 | |
MSCI, Inc. | 2,494 | 1,203,230 | |
Nestle SA (Reg. S) | 27,412 | 3,516,674 | |
NOV, Inc. | 20,142 | 337,379 | |
Otis Worldwide Corp. | 4,874 | 415,752 | |
PriceSmart, Inc. | 3,222 | 237,397 | |
ResMed, Inc. | 7,217 | 1,739,008 | |
Roche Holding AG (participation certificate) | 4,190 | 1,312,057 | |
S&P Global, Inc. | 2,607 | 945,246 | |
Sanofi SA | 14,650 | 1,578,805 | |
Sherwin-Williams Co. | 3,350 | 795,759 | |
Visa, Inc. Class A | 3,617 | 841,784 | |
TOTAL UNITED STATES OF AMERICA | 22,927,542 | ||
TOTAL COMMON STOCKS (Cost $200,010,165) | 226,800,732 | ||
Preferred Stocks - 1.0% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.0% | |||
China - 0.0% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 577 | 114,823 | |
Nonconvertible Preferred Stocks - 1.0% | |||
Brazil - 0.7% | |||
Itau Unibanco Holding SA | 218,862 | 1,137,356 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 55,737 | 591,927 | |
1,729,283 | |||
Germany - 0.3% | |||
Porsche Automobil Holding SE (Germany) | 10,574 | 588,942 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 2,318,225 | ||
TOTAL PREFERRED STOCKS (Cost $2,297,963) | 2,433,048 | ||
Money Market Funds - 5.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 7,682,024 | 7,683,560 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 4,901,528 | 4,902,018 | |
TOTAL MONEY MARKET FUNDS (Cost $12,585,575) | 12,585,578 | ||
TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $214,893,703) | 241,819,358 |
NET OTHER ASSETS (LIABILITIES) - (1.3)% | (3,118,533) |
NET ASSETS - 100.0% | 238,700,825 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $4,627,683 or 1.9% of net assets. |
(d) | Level 3 security |
(e) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $114,823 or 0.0% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 63,224 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 5,394,098 | 88,151,680 | 85,862,217 | 154,857 | - | (1) | 7,683,560 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 2,836,886 | 21,149,844 | 19,084,712 | 8,427 | - | - | 4,902,018 | 0.0% |
Total | 8,230,984 | 109,301,524 | 104,946,929 | 163,284 | - | (1) | 12,585,578 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 10,130,288 | 3,287,666 | 6,610,599 | 232,023 |
Consumer Discretionary | 27,790,622 | 2,376,003 | 25,414,619 | - |
Consumer Staples | 6,301,612 | 1,235,920 | 5,065,692 | - |
Energy | 13,796,477 | 7,820,605 | 5,971,617 | 4,255 |
Financials | 53,301,758 | 28,283,171 | 25,017,473 | 1,114 |
Health Care | 14,359,167 | 5,003,274 | 9,355,893 | - |
Industrials | 46,066,192 | 20,346,852 | 25,719,340 | - |
Information Technology | 31,130,687 | 10,549,726 | 20,580,961 | - |
Materials | 24,234,251 | 11,709,518 | 12,524,733 | - |
Real Estate | 1,008,574 | 64,505 | 944,069 | - |
Utilities | 1,114,152 | 975,460 | 138,692 | - |
Money Market Funds | 12,585,578 | 12,585,578 | - | - |
Total Investments in Securities: | 241,819,358 | 104,238,278 | 137,343,688 | 237,392 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $4,513,569) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $202,308,128) | $ | 229,233,780 | ||
Fidelity Central Funds (cost $12,585,575) | 12,585,578 | |||
Total Investment in Securities (cost $214,893,703) | $ | 241,819,358 | ||
Cash | 44,200 | |||
Foreign currency held at value (cost $66,679) | 68,856 | |||
Receivable for investments sold | 212,288 | |||
Receivable for fund shares sold | 1,409,064 | |||
Dividends receivable | 927,353 | |||
Reclaims receivable | 241,253 | |||
Interest receivable | 5 | |||
Distributions receivable from Fidelity Central Funds | 25,066 | |||
Prepaid expenses | 58 | |||
Receivable from investment adviser for expense reductions | 14,979 | |||
Other receivables | 19,387 | |||
Total assets | 244,781,867 | |||
Liabilities | ||||
Payable for investments purchased | $ | 631,540 | ||
Payable for fund shares redeemed | 78,580 | |||
Accrued management fee | 147,277 | |||
Distribution and service plan fees payable | 10,837 | |||
Other affiliated payables | 43,920 | |||
Other payables and accrued expenses | 266,870 | |||
Collateral on securities loaned | 4,902,018 | |||
Total Liabilities | 6,081,042 | |||
Net Assets | $ | 238,700,825 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 218,986,430 | ||
Total accumulated earnings (loss) | 19,714,395 | |||
Net Assets | $ | 238,700,825 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($20,148,012 ÷ 1,982,767 shares) (a) | $ | 10.16 | ||
Maximum offering price per share (100/94.25 of $10.16) | $ | 10.78 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($11,304,611 ÷ 1,104,345 shares) (a) | $ | 10.24 | ||
Maximum offering price per share (100/96.50 of $10.24) | $ | 10.61 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,502,632 ÷ 246,091 shares) (a) | $ | 10.17 | ||
Total International Equity : | ||||
Net Asset Value , offering price and redemption price per share ($118,823,537 ÷ 11,651,031 shares) | $ | 10.20 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($62,797,965 ÷ 6,183,136 shares) | $ | 10.16 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($23,124,068 ÷ 2,263,633 shares) | $ | 10.22 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 2,520,529 | ||
Non-Cash dividends | 290,960 | |||
Interest | 110 | |||
Income from Fidelity Central Funds (including $8,427 from security lending) | 163,284 | |||
Income before foreign taxes withheld | $ | 2,974,883 | ||
Less foreign taxes withheld | (253,054) | |||
Total Income | 2,721,829 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 691,067 | ||
Performance adjustment | 100,123 | |||
Transfer agent fees | 176,095 | |||
Distribution and service plan fees | 61,224 | |||
Accounting fees | 50,889 | |||
Custodian fees and expenses | 61,504 | |||
Independent trustees' fees and expenses | 552 | |||
Registration fees | 44,470 | |||
Audit | 48,256 | |||
Legal | 335 | |||
Miscellaneous | 361 | |||
Total expenses before reductions | 1,234,876 | |||
Expense reductions | (120,320) | |||
Total expenses after reductions | 1,114,556 | |||
Net Investment income (loss) | 1,607,273 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $30,126) | (2,446,328) | |||
Foreign currency transactions | (11,284) | |||
Total net realized gain (loss) | (2,457,612) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $47,126) | 32,970,246 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 22,388 | |||
Total change in net unrealized appreciation (depreciation) | 32,992,633 | |||
Net gain (loss) | 30,535,021 | |||
Net increase (decrease) in net assets resulting from operations | $ | 32,142,294 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,607,273 | $ | 2,446,814 |
Net realized gain (loss) | (2,457,612) | (5,086,496) | ||
Change in net unrealized appreciation (depreciation) | 32,992,633 | (39,932,764) | ||
Net increase (decrease) in net assets resulting from operations | 32,142,294 | (42,572,446) | ||
Distributions to shareholders | (1,806,040) | (9,629,532) | ||
Share transactions - net increase (decrease) | 54,246,943 | 88,690,287 | ||
Total increase (decrease) in net assets | 84,583,197 | 36,488,309 | ||
Net Assets | ||||
Beginning of period | 154,117,628 | 117,629,319 | ||
End of period | $ | 238,700,825 | $ | 154,117,628 |
Fidelity Advisor® Total International Equity Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.56 | $ | 12.48 | $ | 9.60 | $ | 9.34 | $ | 8.20 | $ | 9.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .15 | .11 C | .05 | .14 | .08 | ||||||
Net realized and unrealized gain (loss) | 1.61 | (3.10) | 3.03 | .35 | 1.05 | (.89) | ||||||
Total from investment operations | 1.68 | (2.95) | 3.14 | .40 | 1.19 | (.81) | ||||||
Distributions from net investment income | (.08) | (.19) | (.06) | (.14) | (.05) | (.15) | ||||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | (.23) | ||||||
Total distributions | (.08) | (.97) D | (.26) | (.14) | (.05) | (.38) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 10.16 | $ | 8.56 | $ | 12.48 | $ | 9.60 | $ | 9.34 | $ | 8.20 |
Total Return F,G,H | 19.73% | (25.44)% | 33.04% | 4.31% | 14.63% | (9.04)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.45% K | 1.56% | 1.60% | 1.66% | 1.51% | 1.60% | ||||||
Expenses net of fee waivers, if any | 1.29% K | 1.30% | 1.34% | 1.39% | 1.45% | 1.45% | ||||||
Expenses net of all reductions | 1.29% K | 1.30% | 1.34% | 1.37% | 1.44% | 1.44% | ||||||
Net investment income (loss) | 1.38% K | 1.55% | .91% C | .58% | 1.55% | .90% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 20,148 | $ | 12,786 | $ | 8,642 | $ | 6,091 | $ | 7,249 | $ | 7,526 |
Portfolio turnover rate L | 26% K | 31% | 39% | 37% | 69% | 52% |
Fidelity Advisor® Total International Equity Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.61 | $ | 12.53 | $ | 9.65 | $ | 9.38 | $ | 8.22 | $ | 9.42 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .13 | .08 C | .03 | .11 | .06 | ||||||
Net realized and unrealized gain (loss) | 1.62 | (3.12) | 3.04 | .36 | 1.07 | (.90) | ||||||
Total from investment operations | 1.68 | (2.99) | 3.12 | .39 | 1.18 | (.84) | ||||||
Distributions from net investment income | (.05) | (.15) | (.04) | (.12) | (.02) | (.13) | ||||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | (.23) | ||||||
Total distributions | (.05) | (.93) D | (.24) | (.12) | (.02) | (.36) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 10.24 | $ | 8.61 | $ | 12.53 | $ | 9.65 | $ | 9.38 | $ | 8.22 |
Total Return F,G,H | 19.59% | (25.59)% | 32.63% | 4.13% | 14.38% | (9.30)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.71% K | 1.80% | 1.83% | 1.90% | 1.76% | 1.85% | ||||||
Expenses net of fee waivers, if any | 1.55% K | 1.55% | 1.59% | 1.64% | 1.70% | 1.70% | ||||||
Expenses net of all reductions | 1.54% K | 1.55% | 1.59% | 1.62% | 1.69% | 1.69% | ||||||
Net investment income (loss) | 1.13% K | 1.29% | .65% C | .33% | 1.30% | .65% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 11,305 | $ | 9,876 | $ | 12,936 | $ | 10,620 | $ | 11,733 | $ | 11,882 |
Portfolio turnover rate L | 26% K | 31% | 39% | 37% | 69% | 52% |
Fidelity Advisor® Total International Equity Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.53 | $ | 12.41 | $ | 9.57 | $ | 9.30 | $ | 8.17 | $ | 9.37 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .08 | .02 C | (.02) | .07 | .01 | ||||||
Net realized and unrealized gain (loss) | 1.62 | (3.11) | 3.02 | .36 | 1.06 | (.89) | ||||||
Total from investment operations | 1.65 | (3.03) | 3.04 | .34 | 1.13 | (.88) | ||||||
Distributions from net investment income | (.01) | (.07) | - | (.07) | - | (.10) | ||||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | (.23) | ||||||
Total distributions | (.01) | (.85) D | (.20) | (.07) | - | (.32) D | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - E | ||||||
Net asset value, end of period | $ | 10.17 | $ | 8.53 | $ | 12.41 | $ | 9.57 | $ | 9.30 | $ | 8.17 |
Total Return F,G,H | 19.33% | (26.04)% | 32.00% | 3.62% | 13.83% | (9.72)% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 2.24% K | 2.34% | 2.40% | 2.46% | 2.33% | 2.43% | ||||||
Expenses net of fee waivers, if any | 2.04% K | 2.05% | 2.10% | 2.14% | 2.20% | 2.20% | ||||||
Expenses net of all reductions | 2.04% K | 2.05% | 2.10% | 2.12% | 2.19% | 2.19% | ||||||
Net investment income (loss) | .62% K | .79% | .15% C | (.17)% | .80% | .14% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,503 | $ | 1,893 | $ | 1,982 | $ | 1,827 | $ | 2,203 | $ | 2,705 |
Portfolio turnover rate L | 26% K | 31% | 39% | 37% | 69% | 52% |
Fidelity® Total International Equity Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.60 | $ | 12.54 | $ | 9.64 | $ | 9.37 | $ | 8.23 | $ | 9.40 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .18 | .14 C | .08 | .16 | .11 | ||||||
Net realized and unrealized gain (loss) | 1.62 | (3.12) | 3.04 | .35 | 1.06 | (.90) | ||||||
Total from investment operations | 1.70 | (2.94) | 3.18 | .43 | 1.22 | (.79) | ||||||
Distributions from net investment income | (.10) | (.23) | (.08) | (.16) | (.08) | (.15) | ||||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | (.23) | ||||||
Total distributions | (.10) | (1.00) | (.28) | (.16) | (.08) | (.38) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 10.20 | $ | 8.60 | $ | 12.54 | $ | 9.64 | $ | 9.37 | $ | 8.23 |
Total Return E,F | 19.85% | (25.25)% | 33.37% | 4.65% | 14.97% | (8.84)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.16% I | 1.23% | 1.27% | 1.34% | 1.20% | 1.29% | ||||||
Expenses net of fee waivers, if any | 1.04% I | 1.05% | 1.09% | 1.14% | 1.20% | 1.20% | ||||||
Expenses net of all reductions | 1.04% I | 1.05% | 1.09% | 1.12% | 1.19% | 1.19% | ||||||
Net investment income (loss) | 1.62% I | 1.79% | 1.16% C | .83% | 1.81% | 1.15% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 118,824 | $ | 86,458 | $ | 82,604 | $ | 61,362 | $ | 70,251 | $ | 71,170 |
Portfolio turnover rate J | 26% I | 31% | 39% | 37% | 69% | 52% |
Fidelity Advisor® Total International Equity Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.56 | $ | 12.49 | $ | 9.60 | $ | 9.35 | $ | 8.19 | $ | 9.38 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .17 | .14 C | .08 | .16 | .10 | ||||||
Net realized and unrealized gain (loss) | 1.62 | (3.10) | 3.03 | .34 | 1.07 | (.89) | ||||||
Total from investment operations | 1.70 | (2.93) | 3.17 | .42 | 1.23 | (.79) | ||||||
Distributions from net investment income | (.10) | (.23) | (.08) | (.17) | (.07) | (.17) | ||||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | (.23) | ||||||
Total distributions | (.10) | (1.00) | (.28) | (.17) | (.07) | (.40) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 10.16 | $ | 8.56 | $ | 12.49 | $ | 9.60 | $ | 9.35 | $ | 8.19 |
Total Return E,F | 19.95% | (25.28)% | 33.40% | 4.50% | 15.11% | (8.86)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.14% I | 1.22% | 1.26% | 1.33% | 1.18% | 1.29% | ||||||
Expenses net of fee waivers, if any | 1.04% I | 1.04% | 1.06% | 1.14% | 1.18% | 1.20% | ||||||
Expenses net of all reductions | 1.04% I | 1.04% | 1.06% | 1.13% | 1.17% | 1.19% | ||||||
Net investment income (loss) | 1.62% I | 1.80% | 1.18% C | .82% | 1.82% | 1.15% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 62,798 | $ | 35,423 | $ | 5,714 | $ | 2,073 | $ | 3,086 | $ | 9,405 |
Portfolio turnover rate J | 26% I | 31% | 39% | 37% | 69% | 52% |
Fidelity Advisor® Total International Equity Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.61 | $ | 12.53 | $ | 9.62 | $ | 9.36 | $ | 8.22 | $ | 9.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .19 | .16 C | .09 | .18 | .12 | ||||||
Net realized and unrealized gain (loss) | 1.62 | (3.11) | 3.03 | .35 | 1.05 | (.89) | ||||||
Total from investment operations | 1.71 | (2.92) | 3.19 | .44 | 1.23 | (.77) | ||||||
Distributions from net investment income | (.10) | (.23) | (.08) | (.18) | (.09) | (.17) | ||||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | (.23) | ||||||
Total distributions | (.10) | (1.00) | (.28) | (.18) | (.09) | (.40) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 10.22 | $ | 8.61 | $ | 12.53 | $ | 9.62 | $ | 9.36 | $ | 8.22 |
Total Return E,F | 19.96% | (25.09)% | 33.54% | 4.74% | 15.13% | (8.63)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.01% I | 1.10% | 1.16% | 1.22% | 1.09% | 1.16% | ||||||
Expenses net of fee waivers, if any | .89% I | .90% | .94% | .98% | 1.04% | 1.05% | ||||||
Expenses net of all reductions | .89% I | .90% | .94% | .97% | 1.03% | 1.04% | ||||||
Net investment income (loss) | 1.78% I | 1.94% | 1.31% C | .99% | 1.97% | 1.30% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 23,124 | $ | 7,681 | $ | 5,752 | $ | 3,422 | $ | 3,815 | $ | 216 |
Portfolio turnover rate J | 26% I | 31% | 39% | 37% | 69% | 52% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $39,034,694 |
Gross unrealized depreciation | (15,256,848) |
Net unrealized appreciation (depreciation) | $23,777,846 |
Tax cost | $218,041,512 |
Short-term | $(2,940,975) |
Total capital loss carryforward | $(2,940,975) |
Purchases ($) | Sales ($) | |
Fidelity Total International Equity Fund | 75,436,492 | 24,959,723 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $21,815 | $1,308 |
Class M | .25% | .25% | 27,880 | 385 |
Class C | .75% | .25% | 11,529 | 3,538 |
$61,224 | $5,231 |
Retained by FDC | |
Class A | $5,469 |
Class M | 312 |
Class C A | 515 |
$6,296 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $18,990 | .22 |
Class M | 12,800 | .23 |
Class C | 2,966 | .26 |
Total International Equity | 95,530 | .18 |
Class I | 42,572 | .17 |
Class Z | 3,237 | .04 |
$176,095 |
% of Average Net Assets | |
Fidelity Total International Equity Fund | .05 |
Amount | |
Fidelity Total International Equity Fund | $73 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Total International Equity Fund | 6,848,879 | 853,647 | (203,412) |
Amount | |
Fidelity Total International Equity Fund | $188 |
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 Total International Equity Fund | $1,170 | $- | $- |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $13,032 |
Class M | 1.55% | 9,133 |
Class C | 2.05% | 2,195 |
Total International Equity | 1.05% | 58,291 |
Class I | 1.05% | 23,780 |
Class Z | .90% | 8,856 |
$115,287 |
Expense reduction | |
Class A | $117 |
Class M | 191 |
$308 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Total International Equity Fund | ||
Distributions to shareholders | ||
Class A | $136,043 | $682,772 |
Class M | 60,649 | 954,432 |
Class C | 1,760 | 136,202 |
Total International Equity | 1,034,854 | 6,786,798 |
Class I | 451,131 | 530,168 |
Class Z | 121,603 | 539,160 |
Total | $1,806,040 | $9,629,532 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity Total International Equity Fund | ||||
Class A | ||||
Shares sold | 596,975 | 888,736 | $5,798,261 | $8,539,920 |
Reinvestment of distributions | 14,206 | 60,242 | 135,808 | 667,482 |
Shares redeemed | (121,486) | (148,110) | (1,182,774) | (1,522,197) |
Net increase (decrease) | 489,695 | 800,868 | $4,751,295 | $7,685,205 |
Class M | ||||
Shares sold | 63,997 | 208,686 | $630,246 | $2,095,684 |
Reinvestment of distributions | 6,291 | 85,446 | 60,649 | 954,432 |
Shares redeemed | (113,122) | (179,080) | (1,099,968) | (1,802,328) |
Net increase (decrease) | (42,834) | 115,052 | $(409,073) | $1,247,788 |
Class C | ||||
Shares sold | 46,593 | 104,691 | $464,565 | $1,089,289 |
Reinvestment of distributions | 183 | 12,220 | 1,760 | 135,883 |
Shares redeemed | (22,530) | (54,762) | (219,385) | (553,236) |
Net increase (decrease) | 24,246 | 62,149 | $246,940 | $671,936 |
Total International Equity | ||||
Shares sold | 3,232,414 | 4,897,322 | $31,889,002 | $50,896,948 |
Reinvestment of distributions | 97,973 | 561,002 | 939,562 | 6,227,120 |
Shares redeemed | (1,733,997) | (1,992,599) | (16,929,689) | (19,350,338) |
Net increase (decrease) | 1,596,390 | 3,465,725 | $15,898,875 | $37,773,730 |
Class I | ||||
Shares sold | 2,559,544 | 4,463,099 | $25,288,799 | $43,483,713 |
Reinvestment of distributions | 46,910 | 47,315 | 447,992 | 523,303 |
Shares redeemed | (559,771) | (831,499) | (5,482,783) | (8,050,707) |
Net increase (decrease) | 2,046,683 | 3,678,915 | $20,254,008 | $35,956,309 |
Class Z | ||||
Shares sold | 1,587,729 | 1,300,267 | $15,645,153 | $12,980,304 |
Reinvestment of distributions | 10,898 | 45,956 | 104,625 | 510,116 |
Shares redeemed | (227,421) | (912,726) | (2,244,880) | (8,135,101) |
Net increase (decrease) | 1,371,206 | 433,497 | $13,504,898 | $5,355,319 |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Total International Equity Fund | ||||||||||
Class A | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,197.30 | $ 7.03 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.40 | $ 6.46 | |||||||
Class M | 1.55% | |||||||||
Actual | $ 1,000 | $ 1,195.90 | $ 8.44 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.11 | $ 7.75 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 1,193.30 | $ 11.09 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.68 | $ 10.19 | |||||||
Fidelity® Total International Equity Fund | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,198.50 | $ 5.67 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.64 | $ 5.21 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,199.50 | $ 5.67 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.64 | $ 5.21 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 1,199.60 | $ 4.85 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.38 | $ 4.46 | |||||||
- 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) | ||
Aena SME SA | 7.5 | |
NextEra Energy, Inc. | 7.4 | |
Southern Co. | 5.0 | |
Iberdrola SA | 4.7 | |
Cellnex Telecom SA | 4.4 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV sponsored ADR | 4.2 | |
GFL Environmental, Inc. | 4.2 | |
National Grid PLC | 4.1 | |
Cheniere Energy, Inc. | 3.9 | |
The Williams Companies, Inc. | 3.3 | |
48.7 | ||
Market Sectors (% of Fund's net assets) | ||
Utilities | 38.1 | |
Industrials | 29.3 | |
Energy | 12.5 | |
Real Estate | 10.7 | |
Communication Services | 5.4 | |
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 - 96.0% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.4% | |||
Diversified Telecommunication Services - 5.4% | |||
Cellnex Telecom SA (a) | 54,638 | 2,300,478 | |
Helios Towers PLC (b) | 409,362 | 536,588 | |
2,837,066 | |||
ENERGY - 12.5% | |||
Oil, Gas & Consumable Fuels - 12.5% | |||
Cheniere Energy, Inc. | 13,502 | 2,065,806 | |
Enterprise Products Partners LP | 12,796 | 336,663 | |
ONEOK, Inc. | 15,531 | 1,015,883 | |
Targa Resources Corp. | 18,609 | 1,405,538 | |
The Williams Companies, Inc. | 57,237 | 1,731,992 | |
6,555,882 | |||
INDUSTRIALS - 29.3% | |||
Commercial Services & Supplies - 9.1% | |||
GFL Environmental, Inc. | 60,225 | 2,186,168 | |
Republic Services, Inc. | 8,880 | 1,284,226 | |
Waste Connections, Inc. (United States) | 9,458 | 1,316,081 | |
4,786,475 | |||
Construction & Engineering - 3.2% | |||
Ferrovial SA | 30,164 | 944,948 | |
VINCI SA | 6,070 | 750,453 | |
1,695,401 | |||
Ground Transportation - 2.1% | |||
Canadian Pacific Kansas City Ltd. | 2,794 | 220,279 | |
CSX Corp. | 14,079 | 431,381 | |
Union Pacific Corp. | 2,360 | 461,852 | |
1,113,512 | |||
Transportation Infrastructure - 14.9% | |||
Aena SME SA (a)(c) | 23,499 | 3,959,121 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV sponsored ADR | 12,343 | 2,191,747 | |
Grupo Aeroportuario Norte S.A.B. de CV ADR | 18,858 | 1,649,698 | |
7,800,566 | |||
TOTAL INDUSTRIALS | 15,395,954 | ||
REAL ESTATE - 10.7% | |||
Equity Real Estate Investment Trusts (REITs) - 10.5% | |||
American Tower Corp. | 6,277 | 1,282,956 | |
Crown Castle International Corp. | 6,368 | 783,837 | |
Equinix, Inc. | 1,577 | 1,141,874 | |
Londonmetric Properity PLC | 124,328 | 300,936 | |
Prologis (REIT), Inc. | 6,505 | 814,751 | |
SBA Communications Corp. Class A | 2,580 | 673,096 | |
Segro PLC | 49,251 | 516,709 | |
5,514,159 | |||
Real Estate Management & Development - 0.2% | |||
Catena AB | 2,989 | 114,430 | |
TOTAL REAL ESTATE | 5,628,589 | ||
UTILITIES - 38.1% | |||
Electric Utilities - 25.7% | |||
Constellation Energy Corp. | 7,270 | 562,698 | |
Exelon Corp. | 38,406 | 1,629,951 | |
Iberdrola SA | 190,390 | 2,467,093 | |
Kansai Electric Power Co., Inc. | 86,761 | 936,560 | |
NextEra Energy, Inc. | 50,745 | 3,888,589 | |
ORSTED A/S (a) | 9,065 | 812,895 | |
Southern Co. | 35,700 | 2,625,735 | |
Xcel Energy, Inc. | 8,042 | 562,216 | |
13,485,737 | |||
Independent Power and Renewable Electricity Producers - 5.7% | |||
Brookfield Renewable Partners LP | 19,390 | 601,090 | |
EDP Renovaveis SA | 39,023 | 866,869 | |
RWE AG | 32,916 | 1,543,294 | |
3,011,253 | |||
Multi-Utilities - 6.7% | |||
National Grid PLC | 148,700 | 2,132,050 | |
WEC Energy Group, Inc. | 14,259 | 1,371,288 | |
3,503,338 | |||
TOTAL UTILITIES | 20,000,328 | ||
TOTAL COMMON STOCKS (Cost $44,806,699) | 50,417,819 | ||
Money Market Funds - 10.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (d) | 1,984,285 | 1,984,682 | |
Fidelity Securities Lending Cash Central Fund 4.88% (d)(e) | 3,349,919 | 3,350,254 | |
TOTAL MONEY MARKET FUNDS (Cost $5,334,936) | 5,334,936 | ||
TOTAL INVESTMENT IN SECURITIES - 106.2% (Cost $50,141,635) | 55,752,755 |
NET OTHER ASSETS (LIABILITIES) - (6.2)% | (3,242,422) |
NET ASSETS - 100.0% | 52,510,333 |
(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 $7,072,494 or 13.5% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 1,292,455 | 10,184,615 | 9,492,388 | 45,344 | - | - | 1,984,682 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 377,175 | 8,233,253 | 5,260,174 | 550 | - | - | 3,350,254 | 0.0% |
Total | 1,669,630 | 18,417,868 | 14,752,562 | 45,894 | - | - | 5,334,936 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,837,066 | 536,588 | 2,300,478 | - |
Energy | 6,555,882 | 6,555,882 | - | - |
Industrials | 15,395,954 | 15,395,954 | - | - |
Real Estate | 5,628,589 | 5,628,589 | - | - |
Utilities | 20,000,328 | 14,464,625 | 5,535,703 | - |
Money Market Funds | 5,334,936 | 5,334,936 | - | - |
Total Investments in Securities: | 55,752,755 | 47,916,574 | 7,836,181 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $3,226,981) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $44,806,699) | $ | 50,417,819 | ||
Fidelity Central Funds (cost $5,334,936) | 5,334,936 | |||
Total Investment in Securities (cost $50,141,635) | $ | 55,752,755 | ||
Cash | 16,931 | |||
Foreign currency held at value (cost $26,511) | 26,511 | |||
Receivable for investments sold | 293,366 | |||
Receivable for fund shares sold | 7,733 | |||
Dividends receivable | 77,086 | |||
Distributions receivable from Fidelity Central Funds | 8,526 | |||
Prepaid expenses | 19 | |||
Receivable from investment adviser for expense reductions | 9,432 | |||
Total assets | 56,192,359 | |||
Liabilities | ||||
Payable for investments purchased | $ | 252,643 | ||
Payable for fund shares redeemed | 8,520 | |||
Accrued management fee | 29,423 | |||
Other affiliated payables | 12,540 | |||
Other payables and accrued expenses | 28,646 | |||
Collateral on securities loaned | 3,350,254 | |||
Total Liabilities | 3,682,026 | |||
Net Assets | $ | 52,510,333 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 51,445,728 | ||
Total accumulated earnings (loss) | 1,064,605 | |||
Net Assets | $ | 52,510,333 | ||
Net Asset Value , offering price and redemption price per share ($52,510,333 ÷ 4,294,575 shares) | $ | 12.23 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 476,212 | ||
Non-Cash dividends | 39,747 | |||
Interest | 73 | |||
Income from Fidelity Central Funds (including $550 from security lending) | 45,894 | |||
Income before foreign taxes withheld | $ | 561,926 | ||
Less foreign taxes withheld | (25,073) | |||
Total Income | 536,853 | |||
Expenses | ||||
Management fee | $ | 157,531 | ||
Transfer agent fees | 58,707 | |||
Accounting fees | 8,246 | |||
Custodian fees and expenses | 6,418 | |||
Independent trustees' fees and expenses | 147 | |||
Registration fees | 7,375 | |||
Audit | 25,862 | |||
Legal | 31 | |||
Miscellaneous | 101 | |||
Total expenses before reductions | 264,418 | |||
Expense reductions | (44,796) | |||
Total expenses after reductions | 219,622 | |||
Net Investment income (loss) | 317,231 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (886,542) | |||
Foreign currency transactions | 9,664 | |||
Total net realized gain (loss) | (876,878) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 4,472,536 | |||
Assets and liabilities in foreign currencies | 1,327 | |||
Total change in net unrealized appreciation (depreciation) | 4,473,863 | |||
Net gain (loss) | 3,596,985 | |||
Net increase (decrease) in net assets resulting from operations | $ | 3,914,216 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 317,231 | $ | 548,089 |
Net realized gain (loss) | (876,878) | (2,117,443) | ||
Change in net unrealized appreciation (depreciation) | 4,473,863 | (4,462,414) | ||
Net increase (decrease) in net assets resulting from operations | 3,914,216 | (6,031,768) | ||
Distributions to shareholders | (403,456) | (639,029) | ||
Share transactions | ||||
Proceeds from sales of shares | 17,567,555 | 27,766,378 | ||
Reinvestment of distributions | 373,580 | 598,670 | ||
Cost of shares redeemed | (6,297,592) | (30,384,461) | ||
Net increase (decrease) in net assets resulting from share transactions | 11,643,543 | (2,019,413) | ||
Total increase (decrease) in net assets | 15,154,303 | (8,690,210) | ||
Net Assets | ||||
Beginning of period | 37,356,030 | 46,046,240 | ||
End of period | $ | 52,510,333 | $ | 37,356,030 |
Other Information | ||||
Shares | ||||
Sold | 1,466,825 | 2,232,445 | ||
Issued in reinvestment of distributions | 31,505 | 51,607 | ||
Redeemed | (533,527) | (2,600,860) | ||
Net increase (decrease) | 964,803 | (316,808) | ||
Fidelity® Infrastructure Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 11.22 | $ | 12.63 | $ | 10.44 | $ | 10.00 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .08 | .13 D | .07 | .17 | ||||
Net realized and unrealized gain (loss) | 1.04 | (1.38) | 2.21 | .31 | ||||
Total from investment operations | 1.12 | (1.25) | 2.28 | .48 | ||||
Distributions from net investment income | (.11) | (.16) | (.09) | (.04) | ||||
Total distributions | (.11) | (.16) | (.09) | (.04) | ||||
Net asset value, end of period | $ | 12.23 | $ | 11.22 | $ | 12.63 | $ | 10.44 |
Total Return E,F | 10.03% | (9.95)% | 21.96% | 4.79% | ||||
Ratios to Average Net Assets C,G,H | ||||||||
Expenses before reductions | 1.14% I | 1.13% | 1.24% | 2.24% I | ||||
Expenses net of fee waivers, if any | .95% I | .98% | 1.00% | 1.00% I | ||||
Expenses net of all reductions | .94% I | .98% | 1.00% | .98% I | ||||
Net investment income (loss) | 1.36% I | 1.08% D | .61% | 1.67% I | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 52,510 | $ | 37,356 | $ | 46,046 | $ | 12,762 |
Portfolio turnover rate J | 67% I | 91% | 46% | 50% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $6,669,034 |
Gross unrealized depreciation | (1,399,162) |
Net unrealized appreciation (depreciation) | $5,269,872 |
Tax cost | $50,482,883 |
Short-term | $(3,401,550) |
Purchases ($) | Sales ($) | |
Fidelity Infrastructure Fund | 25,558,616 | 14,874,047 |
% of Average Net Assets | |
Fidelity Infrastructure Fund | .04 |
Amount | |
Fidelity Infrastructure Fund | $91 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Infrastructure Fund | 586,206 | 168,238 | (77,455) |
Amount | |
Fidelity Infrastructure Fund | $44 |
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 Infrastructure Fund | $97 | $- | $- |
VIP FundsManager 60% Portfolio | |
Fidelity Infrastructure Fund | 11% |
Fund | % of shares held |
Fidelity Infrastructure Fund | 26% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Infrastructure Fund | .95% | |||||||||
Actual | $ 1,000 | $ 1,100.30 | $ 4.95 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.08 | $ 4.76 | |||||||
- 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) | ||
Rheinmetall AG (Germany, Aerospace & Defense) | 1.4 | |
Renesas Electronics Corp. (Japan, Semiconductors & Semiconductor Equipment) | 1.2 | |
Compania de Distribucion Integral Logista Holdings SA (Spain, Air Freight & Logistics) | 1.0 | |
Talanx AG (Germany, Insurance) | 1.0 | |
International Games Systems Co. Ltd. (Taiwan, Entertainment) | 1.0 | |
Hiscox Ltd. (United Kingdom, Insurance) | 1.0 | |
Gruma S.A.B. de CV Series B (Mexico, Food Products) | 1.0 | |
Mytilineos SA (Greece, Industrial Conglomerates) | 1.0 | |
John Wood Group PLC (United Kingdom, Energy Equipment & Services) | 0.9 | |
Tate & Lyle PLC (United Kingdom, Food Products) | 0.9 | |
10.4 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.6 | |
Consumer Discretionary | 15.3 | |
Financials | 11.2 | |
Information Technology | 9.2 | |
Consumer Staples | 9.1 | |
Materials | 8.1 | |
Real Estate | 6.5 | |
Health Care | 6.4 | |
Energy | 3.8 | |
Communication Services | 3.6 | |
Utilities | 0.6 | |
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 - 95.4% | |||
Shares | Value ($) | ||
Australia - 4.0% | |||
EBOS Group Ltd. | 588,895 | 16,161,051 | |
Flight Centre Travel Group Ltd. (a)(b) | 1,241,931 | 16,308,715 | |
GUD Holdings Ltd. | 2,712,365 | 17,302,035 | |
Imdex Ltd. | 12,363,179 | 17,083,897 | |
Inghams Group Ltd. | 13,276,299 | 24,782,756 | |
Nanosonics Ltd. (a) | 4,720,837 | 17,984,675 | |
National Storage REIT unit | 8,318,658 | 13,855,398 | |
Servcorp Ltd. (c) | 7,066,585 | 14,911,728 | |
SomnoMed Ltd. (a)(c) | 4,189,521 | 2,541,251 | |
TOTAL AUSTRALIA | 140,931,506 | ||
Austria - 1.8% | |||
Mayr-Melnhof Karton AG (b) | 203,100 | 32,360,886 | |
Strabag SE | 224,397 | 9,779,254 | |
Wienerberger AG | 700,100 | 21,060,317 | |
TOTAL AUSTRIA | 63,200,457 | ||
Belgium - 1.2% | |||
Econocom Group SA | 4,361,695 | 14,971,163 | |
Fagron NV | 1,510,500 | 28,062,120 | |
TOTAL BELGIUM | 43,033,283 | ||
Brazil - 1.4% | |||
Atacadao SA | 5,200,000 | 11,207,346 | |
Hypera SA | 3,944,700 | 29,459,897 | |
YDUQS Participacoes SA | 5,099,500 | 8,301,845 | |
TOTAL BRAZIL | 48,969,088 | ||
Canada - 3.6% | |||
CCL Industries, Inc. Class B (b) | 322,300 | 15,155,724 | |
Computer Modelling Group Ltd. | 2,193,536 | 11,478,887 | |
ECN Capital Corp. | 2,147,200 | 5,008,047 | |
Genesis Land Development Corp. (c) | 4,033,799 | 5,984,379 | |
Lassonde Industries, Inc. Class A (sub. vtg.) | 160,099 | 11,463,412 | |
McCoy Global, Inc. (a)(b) | 1,327,470 | 1,508,878 | |
North West Co., Inc. | 696,261 | 20,422,491 | |
Open Text Corp. | 635,996 | 24,086,028 | |
Parkland Corp. | 417,500 | 9,845,463 | |
Richelieu Hardware Ltd. | 288,800 | 8,684,144 | |
Total Energy Services, Inc. | 560,300 | 3,312,546 | |
VerticalScope Holdings, Inc. (a) | 677,619 | 1,735,497 | |
Western Forest Products, Inc. | 12,341,175 | 9,473,242 | |
TOTAL CANADA | 128,158,738 | ||
China - 4.4% | |||
Best Pacific International Holdings Ltd. | 22,158,900 | 3,152,237 | |
Chervon Holdings Ltd. | 2,520,800 | 12,828,031 | |
Far East Horizon Ltd. | 24,099,000 | 21,679,995 | |
Far East Horizon Ltd. rights (a) | 202,512 | 0 | |
Impro Precision Industries Ltd. (d) | 20,906,300 | 7,753,816 | |
Precision Tsugami China Corp. Ltd. | 9,358,453 | 9,080,377 | |
Qingdao Port International Co. Ltd. (H Shares) (d) | 32,819,000 | 19,215,491 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 4,544,166 | 16,678,741 | |
Sinopharm Group Co. Ltd. (H Shares) | 6,564,000 | 23,251,514 | |
TravelSky Technology Ltd. (H Shares) | 10,575,000 | 21,109,054 | |
Weifu High-Technology Group Co. Ltd. (B Shares) | 6,863,386 | 9,291,210 | |
Xingda International Holdings Ltd. | 63,233,353 | 12,986,168 | |
TOTAL CHINA | 157,026,634 | ||
Denmark - 0.5% | |||
Spar Nord Bank A/S | 1,137,175 | 18,441,584 | |
Finland - 1.4% | |||
Huhtamaki Oyj | 603,500 | 21,705,491 | |
Nanoform Finland PLC (a) | 797,822 | 1,969,229 | |
Rovio Entertainment OYJ (d) | 2,534,169 | 26,011,214 | |
TOTAL FINLAND | 49,685,934 | ||
France - 3.0% | |||
Altarea SCA | 126,957 | 16,619,397 | |
Antin Infrastructure Partners SA | 352,855 | 5,948,807 | |
ARGAN SA | 230,400 | 17,974,545 | |
Elior SA (a)(d) | 2,889,200 | 10,028,370 | |
Lectra | 361,754 | 11,759,194 | |
Maisons du Monde SA (d) | 1,033,507 | 10,875,744 | |
Thermador Groupe SA | 308,166 | 31,919,403 | |
TOTAL FRANCE | 105,125,460 | ||
Germany - 4.9% | |||
DWS Group GmbH & Co. KGaA (d) | 226,600 | 7,515,685 | |
JOST Werke AG (d) | 416,020 | 22,966,463 | |
NORMA Group AG | 623,692 | 14,789,539 | |
Rheinmetall AG | 172,725 | 50,531,460 | |
Stabilus Se | 301,700 | 19,680,639 | |
Takkt AG | 1,279,912 | 20,478,065 | |
Talanx AG | 712,867 | 35,787,751 | |
TOTAL GERMANY | 171,749,602 | ||
Greece - 1.0% | |||
Mytilineos SA | 1,178,216 | 34,144,664 | |
Hong Kong - 1.8% | |||
ASMPT Ltd. | 2,561,900 | 20,142,066 | |
China Metal Recycling (Holdings) Ltd. (a)(e) | 436,800 | 1 | |
HKT Trust/HKT Ltd. unit | 6,000,000 | 7,885,636 | |
Magnificent Hotel Investment Ltd. (a) | 316,412,000 | 4,581,305 | |
Pico Far East Holdings Ltd. | 61,300,071 | 10,336,599 | |
Sino Land Ltd. | 11,082,375 | 14,934,296 | |
WH Group Ltd. (d) | 13,480,500 | 7,505,117 | |
TOTAL HONG KONG | 65,385,020 | ||
Hungary - 0.9% | |||
Richter Gedeon PLC | 1,330,000 | 32,095,841 | |
India - 1.5% | |||
Embassy Office Parks (REIT) | 4,826,000 | 19,476,300 | |
IndusInd Bank Ltd. | 1,181,800 | 16,752,908 | |
Shriram Transport Finance Co. Ltd. | 1,040,252 | 17,018,959 | |
TOTAL INDIA | 53,248,167 | ||
Indonesia - 0.6% | |||
PT Avia Avian Tbk | 194,018,300 | 7,938,376 | |
PT Selamat Sempurna Tbk | 140,279,700 | 14,875,304 | |
TOTAL INDONESIA | 22,813,680 | ||
Ireland - 2.0% | |||
AerCap Holdings NV (a) | 272,672 | 15,367,794 | |
Dalata Hotel Group PLC (a) | 4,560,609 | 22,890,401 | |
Irish Residential Properties REIT PLC | 14,359,200 | 16,328,719 | |
Mincon Group PLC (c) | 13,529,844 | 14,461,279 | |
TOTAL IRELAND | 69,048,193 | ||
Italy - 2.3% | |||
Banca Generali SpA | 538,500 | 17,854,598 | |
BFF Bank SpA (d) | 2,405,056 | 23,109,144 | |
MARR SpA (a) | 985,827 | 15,425,215 | |
Recordati SpA | 552,011 | 25,382,728 | |
TOTAL ITALY | 81,771,685 | ||
Japan - 19.0% | |||
Amano Corp. | 933,050 | 18,997,790 | |
Arcland Sakamoto Co. Ltd. | 1,858,234 | 21,046,404 | |
ASKUL Corp. | 1,486,200 | 19,806,316 | |
Capcom Co. Ltd. | 595,900 | 22,392,498 | |
Central Automotive Products Ltd. | 425,700 | 9,050,787 | |
DaikyoNishikawa Corp. | 2,441,100 | 12,221,276 | |
Dexerials Corp. | 745,600 | 14,189,202 | |
Dip Corp. | 559,700 | 13,808,967 | |
Funai Soken Holdings, Inc. | 1,074,600 | 20,599,630 | |
GMO Internet, Inc. | 1,087,400 | 21,874,871 | |
Inaba Denki Sangyo Co. Ltd. | 1,066,600 | 23,823,548 | |
Isuzu Motors Ltd. | 1,545,900 | 18,255,569 | |
Justsystems Corp. | 388,300 | 10,260,829 | |
Kamigumi Co. Ltd. | 1,276,900 | 27,984,364 | |
Kansai Electric Power Co., Inc. | 1,900,000 | 20,509,960 | |
LIXIL Group Corp. (b) | 878,600 | 13,830,078 | |
Maruwa Ceramic Co. Ltd. | 157,000 | 20,021,421 | |
Meitec Corp. | 912,100 | 15,412,634 | |
Minebea Mitsumi, Inc. | 1,035,000 | 19,166,792 | |
Mitani Shoji Co. Ltd. | 862,200 | 8,491,229 | |
Nishimoto Co. Ltd. | 348,500 | 9,927,652 | |
NOF Corp. | 440,800 | 20,140,795 | |
NSD Co. Ltd. | 1,198,000 | 22,038,868 | |
PALTAC Corp. | 664,200 | 25,483,296 | |
Park24 Co. Ltd. (a) | 730,800 | 11,296,035 | |
Persol Holdings Co. Ltd. | 1,070,500 | 22,073,084 | |
Relo Group, Inc. | 700,000 | 10,882,472 | |
Renesas Electronics Corp. (a) | 3,289,700 | 42,872,848 | |
Roland Corp. | 691,600 | 20,731,322 | |
S Foods, Inc. | 1,137,623 | 25,310,172 | |
San-Ai Obbli Co. Ltd. | 2,212,800 | 23,314,138 | |
Ship Healthcare Holdings, Inc. | 1,384,400 | 24,420,574 | |
Sumco Corp. | 1,188,900 | 16,373,122 | |
TIS, Inc. | 646,700 | 17,758,204 | |
TKC Corp. | 286,800 | 7,751,449 | |
Tsuruha Holdings, Inc. | 299,100 | 19,589,774 | |
TOTAL JAPAN | 671,707,970 | ||
Korea (South) - 1.7% | |||
Hyundai Fire & Marine Insurance Co. Ltd. | 519,796 | 14,608,897 | |
Soulbrain Co. Ltd. | 150,700 | 24,806,946 | |
Vitzrocell Co. Ltd. (c) | 1,472,541 | 19,587,443 | |
TOTAL KOREA (SOUTH) | 59,003,286 | ||
Mexico - 4.2% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 10,462,482 | 23,130,991 | |
GCC S.A.B. de CV | 2,790,200 | 22,181,000 | |
Genomma Lab Internacional SA de CV | 17,396,561 | 14,455,609 | |
Gruma S.A.B. de CV Series B | 2,206,400 | 34,536,397 | |
Grupo Comercial Chedraui S.A.B. de CV | 4,884,400 | 28,872,551 | |
Qualitas Controladora S.A.B. de CV | 3,581,235 | 23,673,060 | |
TOTAL MEXICO | 146,849,608 | ||
Netherlands - 1.3% | |||
Acomo NV | 832,199 | 20,449,102 | |
Arcadis NV | 387,250 | 15,984,586 | |
Van Lanschot Kempen NV (Bearer) | 283,041 | 8,592,373 | |
TOTAL NETHERLANDS | 45,026,061 | ||
Norway - 1.4% | |||
Europris ASA (d) | 3,112,200 | 22,267,443 | |
Selvaag Bolig ASA | 2,186,000 | 7,466,456 | |
Sparebanken Midt-Norge | 1,494,876 | 19,329,356 | |
TOTAL NORWAY | 49,063,255 | ||
Peru - 0.4% | |||
Intercorp Financial Services, Inc. | 683,100 | 15,280,947 | |
Philippines - 1.3% | |||
Century Pacific Food, Inc. | 56,692,400 | 26,440,433 | |
Robinsons Land Corp. | 71,319,100 | 18,575,519 | |
TOTAL PHILIPPINES | 45,015,952 | ||
Romania - 0.5% | |||
Banca Transilvania SA | 4,015,712 | 17,193,969 | |
Singapore - 1.9% | |||
Boustead Singapore Ltd. | 13,008,812 | 7,854,295 | |
HRnetgroup Ltd. | 29,161,800 | 16,403,998 | |
Mapletree Industrial (REIT) | 13,547,731 | 24,218,161 | |
The Hour Glass Ltd. | 12,996,880 | 20,315,715 | |
TOTAL SINGAPORE | 68,792,169 | ||
Spain - 3.7% | |||
Cie Automotive SA | 811,100 | 24,417,280 | |
Compania de Distribucion Integral Logista Holdings SA | 1,321,900 | 35,919,796 | |
Grupo Catalana Occidente SA | 697,922 | 22,532,879 | |
Indra Sistemas SA | 1,848,677 | 24,444,686 | |
Prosegur Compania de Seguridad SA (Reg.) | 6,646,781 | 12,758,561 | |
Viscofan Envolturas Celulosicas SA | 170,300 | 11,672,052 | |
TOTAL SPAIN | 131,745,254 | ||
Sweden - 1.4% | |||
Granges AB | 1,892,076 | 18,782,291 | |
Haypp Group (a) | 1,154,900 | 4,099,284 | |
HEXPOL AB (B Shares) | 1,785,500 | 21,014,997 | |
Nordnet AB | 376,000 | 5,895,710 | |
TOTAL SWEDEN | 49,792,282 | ||
Switzerland - 0.6% | |||
Anhui Heli Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 1/5/24 (a)(d) | 8,014,256 | 23,013,228 | |
Taiwan - 3.2% | |||
International Games Systems Co. Ltd. | 2,037,000 | 35,550,205 | |
Lumax International Corp. Ltd. | 4,537,292 | 10,585,328 | |
Sporton International, Inc. | 1,873,312 | 16,145,713 | |
Test Research, Inc. | 7,513,000 | 15,740,730 | |
Tripod Technology Corp. | 4,318,000 | 16,175,353 | |
Yageo Corp. | 804,578 | 13,033,860 | |
Yung Chi Paint & Varnish Manufacturing Co. Ltd. | 2,538,000 | 6,132,601 | |
TOTAL TAIWAN | 113,363,790 | ||
Thailand - 0.5% | |||
Star Petroleum Refining PCL (For. Reg.) | 66,737,300 | 19,053,637 | |
United Kingdom - 15.4% | |||
Alliance Pharma PLC | 17,288,027 | 13,839,926 | |
Ashtead Technology Holdings PLC (c) | 7,272,000 | 31,164,283 | |
B&M European Value Retail SA | 4,416,300 | 26,624,238 | |
Bodycote PLC | 1,873,371 | 16,256,849 | |
DCC PLC (United Kingdom) | 300,000 | 18,640,116 | |
Direct Line Insurance Group PLC | 6,000,000 | 12,943,268 | |
Grainger Trust PLC | 6,417,566 | 20,856,804 | |
Harbour Energy PLC | 4,257,094 | 13,230,804 | |
Hiscox Ltd. | 2,334,148 | 34,673,267 | |
Informa PLC | 2,750,933 | 24,981,981 | |
J.D. Wetherspoon PLC (a) | 1,919,100 | 17,196,340 | |
Jet2 PLC | 1,677,500 | 25,846,509 | |
John Wood Group PLC (a) | 11,802,800 | 33,433,963 | |
LSL Property Services PLC | 4,204,235 | 14,318,752 | |
Luxfer Holdings PLC sponsored | 1,027,759 | 15,673,325 | |
Mears Group PLC (c) | 7,921,714 | 22,051,685 | |
On The Beach Group PLC (a)(d) | 6,731,236 | 11,166,515 | |
Pets At Home Group PLC | 2,610,700 | 12,651,525 | |
Premier Foods PLC | 12,699,400 | 20,013,804 | |
Rathbone Brothers PLC | 487,700 | 11,976,398 | |
RS GROUP PLC | 2,171,153 | 25,141,289 | |
Sabre Insurance Group PLC (d) | 9,562,200 | 15,189,861 | |
Savills PLC | 1,177,500 | 14,228,499 | |
Tate & Lyle PLC | 3,183,043 | 32,602,358 | |
Ten Entertainment Group PLC (c) | 5,931,311 | 20,051,731 | |
Vistry Group PLC | 1,657,298 | 16,297,983 | |
WH Smith PLC | 1,103,900 | 21,836,516 | |
TOTAL UNITED KINGDOM | 542,888,589 | ||
United States of America - 2.6% | |||
Adient PLC (a) | 490,800 | 18,130,152 | |
Adtalem Global Education, Inc. (a) | 527,500 | 21,400,675 | |
Antero Resources Corp. (a) | 920,100 | 21,153,099 | |
RHI Magnesita NV | 1,054,291 | 29,944,553 | |
TOTAL UNITED STATES OF AMERICA | 90,628,479 | ||
TOTAL COMMON STOCKS (Cost $3,161,563,832) | 3,373,248,012 | ||
Money Market Funds - 2.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 67,561,136 | 67,574,648 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 7,397,719 | 7,398,459 | |
TOTAL MONEY MARKET FUNDS (Cost $74,973,106) | 74,973,107 | ||
TOTAL INVESTMENT IN SECURITIES - 97.5% (Cost $3,236,536,938) | 3,448,221,119 |
NET OTHER ASSETS (LIABILITIES) - 2.5% | 87,687,470 |
NET ASSETS - 100.0% | 3,535,908,589 |
ELS | - | EQUITY-LINKED SECURITY |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated company |
(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 $206,618,091 or 5.8% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | - | 191,911,753 | 124,337,106 | 706,541 | - | 1 | 67,574,648 | 0.2% |
Fidelity Securities Lending Cash Central Fund 4.88% | 28,602,852 | 107,993,297 | 129,197,690 | 82,162 | - | - | 7,398,459 | 0.0% |
Total | 28,602,852 | 299,905,050 | 253,534,796 | 788,703 | - | 1 | 74,973,107 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Ashtead Technology Holdings PLC | 19,751,365 | 1,332,382 | - | - | - | 10,080,536 | 31,164,283 |
Genesis Land Development Corp. | 5,655,343 | - | - | 192,186 | - | 329,036 | 5,984,379 |
Mears Group PLC | 17,260,781 | - | - | - | - | 4,790,904 | 22,051,685 |
Mincon Group PLC | 13,237,160 | - | - | 31,849 | - | 1,224,119 | 14,461,279 |
Servcorp Ltd. | 15,413,681 | - | - | 477,383 | - | (501,953) | 14,911,728 |
SomnoMed Ltd. | 3,698,161 | - | - | - | - | (1,156,910) | 2,541,251 |
Ten Entertainment Group PLC | 14,590,349 | - | - | - | - | 5,461,382 | 20,051,731 |
Vitzrocell Co. Ltd. | 12,328,605 | - | - | 191,205 | - | 7,258,838 | 19,587,443 |
Total | 101,935,445 | 1,332,382 | - | 892,623 | - | 27,485,952 | 130,753,779 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 128,893,630 | 52,728,692 | 76,164,938 | - |
Consumer Discretionary | 527,580,786 | 268,236,042 | 259,344,744 | - |
Consumer Staples | 320,220,632 | 206,664,728 | 113,555,904 | - |
Energy | 136,331,415 | 93,963,640 | 42,367,775 | - |
Financials | 394,138,454 | 324,077,695 | 70,060,759 | - |
Health Care | 229,624,415 | 145,265,350 | 84,359,065 | - |
Industrials | 776,117,202 | 462,239,703 | 313,877,499 | - |
Information Technology | 324,740,235 | 75,261,071 | 249,479,164 | - |
Materials | 284,459,858 | 191,678,501 | 92,781,356 | 1 |
Real Estate | 230,631,425 | 113,777,551 | 116,853,874 | - |
Utilities | 20,509,960 | - | 20,509,960 | - |
Money Market Funds | 74,973,107 | 74,973,107 | - | - |
Total Investments in Securities: | 3,448,221,119 | 2,008,866,080 | 1,439,355,038 | 1 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $6,357,538) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,030,263,303) | $ | 3,242,494,233 | ||
Fidelity Central Funds (cost $74,973,106) | 74,973,107 | |||
Other affiliated issuers (cost $131,300,529) | 130,753,779 | |||
Total Investment in Securities (cost $3,236,536,938) | $ | 3,448,221,119 | ||
Foreign currency held at value (cost $84,431,301) | 84,432,541 | |||
Receivable for investments sold | 386 | |||
Receivable for fund shares sold | 3,344,408 | |||
Dividends receivable | 13,789,061 | |||
Reclaims receivable | 2,439,687 | |||
Distributions receivable from Fidelity Central Funds | 291,037 | |||
Prepaid expenses | 1,252 | |||
Other receivables | 14,936 | |||
Total assets | 3,552,534,427 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,374,360 | ||
Payable for fund shares redeemed | 2,084,087 | |||
Accrued management fee | 2,756,167 | |||
Distribution and service plan fees payable | 43,836 | |||
Other affiliated payables | 504,224 | |||
Other payables and accrued expenses | 1,468,800 | |||
Collateral on securities loaned | 7,394,364 | |||
Total Liabilities | 16,625,838 | |||
Net Assets | $ | 3,535,908,589 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,415,963,907 | ||
Total accumulated earnings (loss) | 119,944,682 | |||
Net Assets | $ | 3,535,908,589 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($118,245,777 ÷ 4,122,499 shares) (a) | $ | 28.68 | ||
Maximum offering price per share (100/94.25 of $28.68) | $ | 30.43 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,265,357 ÷ 604,611 shares) (a) | $ | 28.56 | ||
Maximum offering price per share (100/96.50 of $28.56) | $ | 29.60 | ||
Class C : | ||||
Net Asset Value and offering price per share ($14,887,531 ÷ 541,359 shares) (a) | $ | 27.50 | ||
International Small Cap : | ||||
Net Asset Value , offering price and redemption price per share ($1,475,189,645 ÷ 50,333,294 shares) | $ | 29.31 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($843,091,408 ÷ 28,563,772 shares) | $ | 29.52 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($1,067,228,871 ÷ 36,200,928 shares) | $ | 29.48 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends (including $892,623 earned from affiliated issuers) | $ | 40,226,643 | ||
Income from Fidelity Central Funds (including $82,162 from security lending) | 788,703 | |||
Income before foreign taxes withheld | $ | 41,015,346 | ||
Less foreign taxes withheld | (4,073,904) | |||
Total Income | 36,941,442 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 13,588,257 | ||
Performance adjustment | 759,518 | |||
Transfer agent fees | 2,213,519 | |||
Distribution and service plan fees | 249,678 | |||
Accounting fees | 675,286 | |||
Custodian fees and expenses | 215,050 | |||
Independent trustees' fees and expenses | 10,227 | |||
Registration fees | 112,429 | |||
Audit | 56,283 | |||
Legal | 2,426 | |||
Interest | 29,538 | |||
Miscellaneous | 6,919 | |||
Total expenses before reductions | 17,919,130 | |||
Expense reductions | (76,188) | |||
Total expenses after reductions | 17,842,942 | |||
Net Investment income (loss) | 19,098,500 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $50,382) | (38,045,782) | |||
Foreign currency transactions | 4,055,809 | |||
Total net realized gain (loss) | (33,989,973) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $33,190) | 585,034,120 | |||
Fidelity Central Funds | 1 | |||
Other affiliated issuers | 27,485,952 | |||
Assets and liabilities in foreign currencies | 477,800 | |||
Total change in net unrealized appreciation (depreciation) | 612,997,873 | |||
Net gain (loss) | 579,007,900 | |||
Net increase (decrease) in net assets resulting from operations | $ | 598,106,400 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 19,098,500 | $ | 78,961,606 |
Net realized gain (loss) | (33,989,973) | (56,580,886) | ||
Change in net unrealized appreciation (depreciation) | 612,997,873 | (993,174,796) | ||
Net increase (decrease) in net assets resulting from operations | 598,106,400 | (970,794,076) | ||
Distributions to shareholders | (22,796,062) | (242,362,167) | ||
Share transactions - net increase (decrease) | 29,385,298 | 612,399,770 | ||
Total increase (decrease) in net assets | 604,695,636 | (600,756,473) | ||
Net Assets | ||||
Beginning of period | 2,931,212,953 | 3,531,969,426 | ||
End of period | $ | 3,535,908,589 | $ | 2,931,212,953 |
Fidelity Advisor® International Small Cap Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.88 | $ | 34.31 | $ | 24.75 | $ | 26.32 | $ | 25.78 | $ | 29.24 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .58 | .31 | .27 | .49 | .38 | ||||||
Net realized and unrealized gain (loss) | 4.79 | (8.74) | 9.42 | (1.26) | 1.43 | (2.87) | ||||||
Total from investment operations | 4.91 | (8.16) | 9.73 | (.99) | 1.92 | (2.49) | ||||||
Distributions from net investment income | (.11) | (.75) | (.17) | (.44) | (.38) | (.23) | ||||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | (.74) | ||||||
Total distributions | (.11) | (2.27) | (.17) | (.58) | (1.38) | (.97) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 28.68 | $ | 23.88 | $ | 34.31 | $ | 24.75 | $ | 26.32 | $ | 25.78 |
Total Return D,E,F | 20.61% | (25.19)% | 39.43% | (3.91)% | 8.00% | (8.83)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.38% I | 1.29% | 1.29% | 1.36% | 1.47% | 1.49% | ||||||
Expenses net of fee waivers, if any | 1.38% I | 1.29% | 1.29% | 1.36% | 1.47% | 1.49% | ||||||
Expenses net of all reductions | 1.38% I | 1.29% | 1.29% | 1.35% | 1.46% | 1.48% | ||||||
Net investment income (loss) | .87% I | 2.06% | .95% | 1.09% | 1.94% | 1.33% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 118,246 | $ | 95,906 | $ | 136,131 | $ | 92,044 | $ | 105,786 | $ | 80,395 |
Portfolio turnover rate J | 11% I | 17% | 28% | 43% | 28% | 25% |
Fidelity Advisor® International Small Cap Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 23.73 | $ | 34.12 | $ | 24.62 | $ | 26.18 | $ | 25.62 | $ | 29.07 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .50 | .22 | .19 | .41 | .30 | ||||||
Net realized and unrealized gain (loss) | 4.79 | (8.70) | 9.38 | (1.25) | 1.43 | (2.86) | ||||||
Total from investment operations | 4.87 | (8.20) | 9.60 | (1.06) | 1.84 | (2.56) | ||||||
Distributions from net investment income | (.04) | (.66) | (.10) | (.36) | (.27) | (.15) | ||||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | (.74) | ||||||
Total distributions | (.04) | (2.19) C | (.10) | (.50) | (1.28) C | (.89) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - D | ||||||
Net asset value, end of period | $ | 28.56 | $ | 23.73 | $ | 34.12 | $ | 24.62 | $ | 26.18 | $ | 25.62 |
Total Return E,F,G | 20.52% | (25.43)% | 39.07% | (4.19)% | 7.65% | (9.10)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.66% J | 1.57% | 1.57% | 1.67% | 1.78% | 1.77% | ||||||
Expenses net of fee waivers, if any | 1.65% J | 1.56% | 1.57% | 1.67% | 1.78% | 1.77% | ||||||
Expenses net of all reductions | 1.65% J | 1.56% | 1.57% | 1.65% | 1.77% | 1.76% | ||||||
Net investment income (loss) | .60% J | 1.79% | .68% | .78% | 1.62% | 1.05% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,265 | $ | 13,761 | $ | 19,926 | $ | 12,492 | $ | 16,013 | $ | 16,362 |
Portfolio turnover rate K | 11% J | 17% | 28% | 43% | 28% | 25% |
Fidelity Advisor® International Small Cap Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.88 | $ | 32.93 | $ | 23.80 | $ | 25.27 | $ | 24.77 | $ | 28.21 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | .35 | .06 | .08 | .28 | .16 | ||||||
Net realized and unrealized gain (loss) | 4.61 | (8.40) | 9.07 | (1.23) | 1.39 | (2.76) | ||||||
Total from investment operations | 4.62 | (8.05) | 9.13 | (1.15) | 1.67 | (2.60) | ||||||
Distributions from net investment income | - | (.48) | - | (.18) | (.17) | (.10) | ||||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | (.74) | ||||||
Total distributions | - | (2.00) | - | (.32) | (1.17) | (.84) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 27.50 | $ | 22.88 | $ | 32.93 | $ | 23.80 | $ | 25.27 | $ | 24.77 |
Total Return D,E,F | 20.19% | (25.77)% | 38.36% | (4.65)% | 7.17% | (9.51)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.15% I | 2.06% | 2.05% | 2.13% | 2.24% | 2.24% | ||||||
Expenses net of fee waivers, if any | 2.15% I | 2.05% | 2.05% | 2.13% | 2.24% | 2.24% | ||||||
Expenses net of all reductions | 2.15% I | 2.05% | 2.05% | 2.11% | 2.23% | 2.23% | ||||||
Net investment income (loss) | .10% I | 1.30% | .19% | .32% | 1.16% | .58% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 14,888 | $ | 13,556 | $ | 21,683 | $ | 17,659 | $ | 23,937 | $ | 41,918 |
Portfolio turnover rate J | 11% I | 17% | 28% | 43% | 28% | 25% |
Fidelity® International Small Cap Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.43 | $ | 35.05 | $ | 25.28 | $ | 26.86 | $ | 26.29 | $ | 29.77 |
Income from Investment Operations | �� | |||||||||||
Net investment income (loss) A,B | .16 | .67 | .41 | .34 | .57 | .48 | ||||||
Net realized and unrealized gain (loss) | 4.91 | (8.94) | 9.61 | (1.27) | 1.45 | (2.93) | ||||||
Total from investment operations | 5.07 | (8.27) | 10.02 | (.93) | 2.02 | (2.45) | ||||||
Distributions from net investment income | (.19) | (.83) | (.25) | (.51) | (.45) | (.29) | ||||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | (.74) | ||||||
Total distributions | (.19) | (2.35) | (.25) | (.65) | (1.45) | (1.03) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 29.31 | $ | 24.43 | $ | 35.05 | $ | 25.28 | $ | 26.86 | $ | 26.29 |
Total Return D,E | 20.81% | (25.01)% | 39.83% | (3.61)% | 8.27% | (8.54)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.12% H | 1.02% | 1.01% | 1.08% | 1.19% | 1.20% | ||||||
Expenses net of fee waivers, if any | 1.11% H | 1.02% | 1.01% | 1.08% | 1.19% | 1.20% | ||||||
Expenses net of all reductions | 1.11% H | 1.02% | 1.01% | 1.07% | 1.18% | 1.19% | ||||||
Net investment income (loss) | 1.14% H | 2.33% | 1.23% | 1.37% | 2.22% | 1.62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,475,189 | $ | 1,145,773 | $ | 1,534,214 | $ | 1,122,746 | $ | 1,282,412 | $ | 1,256,193 |
Portfolio turnover rate I | 11% H | 17% | 28% | 43% | 28% | 25% |
Fidelity Advisor® International Small Cap Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.60 | $ | 35.27 | $ | 25.44 | $ | 27.03 | $ | 26.45 | $ | 29.97 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .68 | .41 | .35 | .58 | .47 | ||||||
Net realized and unrealized gain (loss) | 4.94 | (8.99) | 9.67 | (1.28) | 1.46 | (2.95) | ||||||
Total from investment operations | 5.10 | (8.31) | 10.08 | (.93) | 2.04 | (2.48) | ||||||
Distributions from net investment income | (.18) | (.84) | (.25) | (.52) | (.46) | (.30) | ||||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | (.74) | ||||||
Total distributions | (.18) | (2.36) | (.25) | (.66) | (1.46) | (1.04) | ||||||
Redemption fees added to paid in capital A | - | - | - | - | - | - C | ||||||
Net asset value, end of period | $ | 29.52 | $ | 24.60 | $ | 35.27 | $ | 25.44 | $ | 27.03 | $ | 26.45 |
Total Return D,E | 20.81% | (24.98)% | 39.80% | (3.62)% | 8.28% | (8.58)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.11% H | 1.02% | 1.02% | 1.08% | 1.19% | 1.21% | ||||||
Expenses net of fee waivers, if any | 1.11% H | 1.01% | 1.02% | 1.08% | 1.18% | 1.21% | ||||||
Expenses net of all reductions | 1.11% H | 1.01% | 1.02% | 1.06% | 1.18% | 1.20% | ||||||
Net investment income (loss) | 1.14% H | 2.34% | 1.22% | 1.38% | 2.22% | 1.61% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 843,091 | $ | 696,515 | $ | 1,080,258 | $ | 605,100 | $ | 777,771 | $ | 564,988 |
Portfolio turnover rate I | 11% H | 17% | 28% | 43% | 28% | 25% |
Fidelity Advisor® International Small Cap Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 24.59 | $ | 35.26 | $ | 25.43 | $ | 27.03 | $ | 26.46 | $ | 28.78 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .18 | .70 | .45 | .38 | .61 | .03 | ||||||
Net realized and unrealized gain (loss) | 4.93 | (8.97) | 9.67 | (1.28) | 1.47 | (2.35) | ||||||
Total from investment operations | 5.11 | (8.27) | 10.12 | (.90) | 2.08 | (2.32) | ||||||
Distributions from net investment income | (.22) | (.88) | (.29) | (.56) | (.50) | - | ||||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | - | ||||||
Total distributions | (.22) | (2.40) | (.29) | (.70) | (1.51) D | - | ||||||
Net asset value, end of period | $ | 29.48 | $ | 24.59 | $ | 35.26 | $ | 25.43 | $ | 27.03 | $ | 26.46 |
Total Return E,F | 20.88% | (24.89)% | 39.99% | (3.51)% | 8.44% | (8.06)% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | .98% I | .89% | .89% | .94% | 1.05% | 1.15% I | ||||||
Expenses net of fee waivers, if any | .98% I | .89% | .89% | .94% | 1.05% | 1.15% I | ||||||
Expenses net of all reductions | .98% I | .89% | .89% | .93% | 1.04% | 1.14% I | ||||||
Net investment income (loss) | 1.27% I | 2.47% | 1.35% | 1.51% | 2.35% | 2.01% I | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,067,229 | $ | 965,701 | $ | 739,757 | $ | 275,127 | $ | 245,252 | $ | 7,421 |
Portfolio turnover rate J | 11% I | 17% | 28% | 43% | 28% | 25% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $625,078,945 |
Gross unrealized depreciation | (440,930,953) |
Net unrealized appreciation (depreciation) | $184,147,992 |
Tax cost | $3,264,073,127 |
Short-term | $(27,055,387) |
Long-term | (15,013,621) |
Total capital loss carryforward | $(42,069,008) |
Purchases ($) | Sales ($) | |
Fidelity International Small Cap Fund | 174,130,769 | 242,689,527 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $136,564 | $2,570 |
Class M | .25% | .25% | 39,446 | 506 |
Class C | .75% | .25% | 73,668 | 5,968 |
$249,678 | $9,044 |
Retained by FDC | |
Class A | $17,567 |
Class M | 748 |
Class C A | 2,039 |
$20,354 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $105,675 | .19 |
Class M | 17,171 | .22 |
Class C | 15,339 | .21 |
International Small Cap | 1,196,490 | .18 |
Class I | 668,035 | .17 |
Class Z | 210,809 | .04 |
$2,213,519 |
% of Average Net Assets | |
Fidelity International Small Cap Fund | .04 |
Amount | |
Fidelity International Small Cap Fund | $898 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Small Cap Fund . | Borrower | $ 10,391,750 | 4.13% | $28,591 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Small Cap Fund | 5,952,377 | 24,401,098 | (2,928,407) |
Amount | |
Fidelity International Small Cap Fund | $3,157 |
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 International Small Cap Fund | $10,284 | $- | $- |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Small Cap Fund | $9,529,000 | 3.58% | $947 |
Expense reduction | |
Class A | $80 |
Class M | 313 |
Class C | 34 |
$427 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Small Cap Fund | ||
Distributions to shareholders | ||
Class A | $440,641 | $9,065,367 |
Class M | 19,955 | 1,272,726 |
Class C | - | 1,312,589 |
International Small Cap | 8,831,165 | 100,730,178 |
Class I | 5,018,235 | 74,208,475 |
Class Z | 8,486,066 | 55,772,832 |
Total | $22,796,062 | $242,362,167 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Small Cap Fund | ||||
Class A | ||||
Shares sold | 491,797 | 830,534 | $13,553,560 | $23,685,249 |
Reinvestment of distributions | 16,707 | 295,136 | 437,544 | 8,995,592 |
Shares redeemed | (402,874) | (1,076,634) | (10,842,206) | (30,435,716) |
Net increase (decrease) | 105,630 | 49,036 | $3,148,898 | $2,245,125 |
Class M | ||||
Shares sold | 59,784 | 86,516 | $1,654,959 | $2,471,290 |
Reinvestment of distributions | 763 | 41,863 | 19,926 | 1,271,367 |
Shares redeemed | (35,752) | (132,638) | (953,159) | (3,771,297) |
Net increase (decrease) | 24,795 | (4,259) | $721,726 | $(28,640) |
Class C | ||||
Shares sold | 34,410 | 60,983 | $895,099 | $1,691,801 |
Reinvestment of distributions | - | 44,584 | - | 1,311,796 |
Shares redeemed | (85,478) | (171,531) | (2,220,831) | (4,624,227) |
Net increase (decrease) | (51,068) | (65,964) | $(1,325,732) | $(1,620,630) |
International Small Cap | ||||
Shares sold | 7,455,033 | 13,356,832 | $207,663,914 | $375,220,830 |
Reinvestment of distributions | 303,022 | 2,945,011 | 8,099,784 | 91,615,712 |
Shares redeemed | (4,322,793) | (13,181,058) | (119,265,729) | (380,933,549) |
Net increase (decrease) | 3,435,262 | 3,120,785 | $96,497,969 | $85,902,993 |
Class I | ||||
Shares sold | 5,870,142 | 13,697,966 | $164,154,464 | $404,258,743 |
Reinvestment of distributions | 178,126 | 2,305,754 | 4,795,157 | 72,208,170 |
Shares redeemed | (5,801,469) | (18,313,122) | (159,576,212) | (518,387,511) |
Net increase (decrease) | 246,799 | (2,309,402) | $9,373,409 | $(41,920,598) |
Class Z | ||||
Shares sold | 6,438,289 | 35,845,899 | $179,749,751 | $1,046,158,928 |
Reinvestment of distributions | 206,606 | 1,517,664 | 5,553,574 | 47,460,406 |
Shares redeemed | (9,716,433) | (19,068,812) | (264,334,297) | (525,797,814) |
Net increase (decrease) | (3,071,538) | 18,294,751 | $(79,030,972) | $567,821,520 |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Small Cap Fund | ||||||||||
Class A | 1.38% | |||||||||
Actual | $ 1,000 | $ 1,206.10 | $ 7.55 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.95 | $ 6.90 | |||||||
Class M | 1.65% | |||||||||
Actual | $ 1,000 | $ 1,205.20 | $ 9.02 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.61 | $ 8.25 | |||||||
Class C | 2.15% | |||||||||
Actual | $ 1,000 | $ 1,201.90 | $ 11.74 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.13 | $ 10.74 | |||||||
Fidelity® International Small Cap Fund | 1.11% | |||||||||
Actual | $ 1,000 | $ 1,208.10 | $ 6.08 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.29 | $ 5.56 | |||||||
Class I | 1.11% | |||||||||
Actual | $ 1,000 | $ 1,208.10 | $ 6.08 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.29 | $ 5.56 | |||||||
Class Z | .98% | |||||||||
Actual | $ 1,000 | $ 1,208.80 | $ 5.37 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.93 | $ 4.91 | |||||||
- 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. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 9.2 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 6.0 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.6 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.0 | |
Wal-Mart de Mexico SA de CV Series V (Mexico, Consumer Staples Distribution & Retail) | 2.5 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 2.4 | |
LG Chemical Ltd. (Korea (South), Chemicals) | 2.0 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) (China, Insurance) | 1.9 | |
NetEase, Inc. ADR (China, Entertainment) | 1.9 | |
HDFC Bank Ltd. sponsored ADR (India, Banks) | 1.9 | |
36.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.7 | |
Information Technology | 20.5 | |
Consumer Discretionary | 13.8 | |
Communication Services | 12.9 | |
Consumer Staples | 7.9 | |
Industrials | 6.0 | |
Health Care | 5.4 | |
Materials | 5.0 | |
Energy | 2.7 | |
Utilities | 1.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.8% | |||
Shares | Value ($) | ||
Brazil - 4.1% | |||
Azul SA sponsored ADR (a) | 2,254 | 14,674 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 54,148 | 29,963 | |
Localiza Rent a Car SA | 3,230 | 37,566 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 8 | 28 | |
Lojas Renner SA | 6,999 | 22,227 | |
Natura & Co. Holding SA | 5,521 | 12,242 | |
Pet Center Comercio e Participacoes SA | 19,682 | 24,347 | |
Raia Drogasil SA | 6,333 | 33,368 | |
TOTAL BRAZIL | 174,415 | ||
China - 31.9% | |||
Alibaba Group Holding Ltd. (a) | 12,289 | 129,939 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 196 | 16,599 | |
Baidu, Inc. sponsored ADR (a) | 136 | 16,403 | |
BeiGene Ltd. ADR (a) | 34 | 8,669 | |
Bilibili, Inc. ADR (a) | 842 | 17,143 | |
BYD Co. Ltd. (H Shares) | 884 | 26,808 | |
China Construction Bank Corp. (H Shares) | 152,958 | 102,256 | |
China Life Insurance Co. Ltd. (H Shares) | 9,684 | 18,604 | |
China Merchants Bank Co. Ltd. (H Shares) | 1,966 | 9,490 | |
China Resources Beer Holdings Co. Ltd. | 4,067 | 31,417 | |
Contemporary Amperex Technology Co. Ltd. | 326 | 10,934 | |
ENN Energy Holdings Ltd. | 2,810 | 38,530 | |
Haier Smart Home Co. Ltd. | 9,232 | 30,092 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 3,297 | 6,015 | |
JD.com, Inc. sponsored ADR | 768 | 27,433 | |
Kunlun Energy Co. Ltd. | 22,092 | 20,479 | |
Kweichow Moutai Co. Ltd. (A Shares) | 94 | 23,985 | |
Li Auto, Inc. ADR (a) | 815 | 19,153 | |
Li Ning Co. Ltd. | 1,479 | 10,577 | |
Meituan Class B (a)(b) | 4,376 | 74,788 | |
NetEase, Inc. ADR | 897 | 79,950 | |
New Horizon Health Ltd. (a)(b) | 4,515 | 16,202 | |
PDD Holdings, Inc. ADR (a) | 622 | 42,389 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 11,067 | 80,740 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 993 | 44,893 | |
Shenzhou International Group Holdings Ltd. | 2,885 | 27,711 | |
Silergy Corp. | 428 | 6,751 | |
Sinopharm Group Co. Ltd. (H Shares) | 2,000 | 7,085 | |
Sinotruk Hong Kong Ltd. | 18,120 | 27,692 | |
Sunny Optical Technology Group Co. Ltd. | 1,436 | 15,175 | |
Tencent Holdings Ltd. | 5,769 | 256,237 | |
Trip.com Group Ltd. ADR (a) | 1,340 | 47,583 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 679 | 16,628 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 4,089 | 24,382 | |
Zai Lab Ltd. (a) | 3,530 | 12,359 | |
Zai Lab Ltd. ADR (a) | 121 | 4,233 | |
Zijin Mining Group Co. Ltd. (H Shares) | 6,448 | 10,917 | |
TOTAL CHINA | 1,360,241 | ||
Hungary - 0.8% | |||
OTP Bank PLC | 316 | 9,614 | |
Richter Gedeon PLC | 951 | 22,950 | |
TOTAL HUNGARY | 32,564 | ||
India - 14.2% | |||
Axis Bank Ltd. | 2,512 | 26,544 | |
Axis Bank Ltd. sponsored GDR (Reg. S) | 90 | 4,752 | |
Bharti Airtel Ltd. | 3,921 | 38,425 | |
HDFC Bank Ltd. sponsored ADR | 1,131 | 78,944 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 3,889 | 25,274 | |
Hindustan Unilever Ltd. | 1,332 | 40,135 | |
Housing Development Finance Corp. Ltd. | 1,526 | 52,049 | |
ICICI Bank Ltd. | 3,975 | 44,890 | |
Infosys Ltd. sponsored ADR | 3,305 | 51,360 | |
Larsen & Toubro Ltd. | 1,985 | 57,611 | |
NTPC Ltd. | 5,868 | 12,390 | |
Reliance Industries Ltd. | 1,757 | 52,233 | |
Reliance Industries Ltd. GDR (b) | 1,079 | 64,308 | |
SRF Ltd. | 309 | 9,639 | |
Tata Consultancy Services Ltd. | 286 | 11,319 | |
Tata Steel Ltd. | 10,090 | 13,391 | |
Ultratech Cement Ltd. | 224 | 20,758 | |
TOTAL INDIA | 604,022 | ||
Indonesia - 3.6% | |||
PT Bank Central Asia Tbk | 108,726 | 67,285 | |
PT Bank Mandiri (Persero) Tbk | 106,196 | 37,540 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 97,701 | 34,047 | |
PT Telkom Indonesia Persero Tbk | 56,845 | 16,465 | |
TOTAL INDONESIA | 155,337 | ||
Korea (South) - 13.7% | |||
Db Insurance Co. Ltd. | 409 | 25,721 | |
Hansol Chemical Co. Ltd. | 103 | 17,175 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 1,242 | 34,906 | |
Hyundai Motor Co. Ltd. | 401 | 59,423 | |
JYP Entertainment Corp. | 147 | 9,948 | |
KB Financial Group, Inc. | 468 | 17,377 | |
LG Chemical Ltd. | 154 | 85,578 | |
LG Energy Solution (a) | 40 | 17,440 | |
LG H & H Co. Ltd. | 27 | 12,613 | |
LG Innotek Co. Ltd. | 34 | 6,770 | |
NAVER Corp. | 110 | 15,943 | |
Samsung Electronics Co. Ltd. | 4,863 | 239,374 | |
SK Hynix, Inc. | 615 | 41,396 | |
TOTAL KOREA (SOUTH) | 583,664 | ||
Malaysia - 0.2% | |||
Press Metal Aluminium Holdings | 7,366 | 8,536 | |
Mexico - 5.7% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 1,508 | 9,048 | |
Grupo Aeroportuario Norte S.A.B. de CV | 4,996 | 54,919 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 8,409 | 72,718 | |
Wal-Mart de Mexico SA de CV Series V | 26,145 | 105,412 | |
TOTAL MEXICO | 242,097 | ||
Peru - 0.3% | |||
Credicorp Ltd. (United States) | 98 | 13,277 | |
Saudi Arabia - 1.2% | |||
Al Rajhi Bank | 642 | 13,146 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 490 | 37,494 | |
TOTAL SAUDI ARABIA | 50,640 | ||
Singapore - 1.4% | |||
Sea Ltd. ADR (a) | 802 | 61,088 | |
South Africa - 4.5% | |||
Absa Group Ltd. | 4,610 | 44,768 | |
Bid Corp. Ltd. | 1,421 | 32,339 | |
Gold Fields Ltd. sponsored ADR | 1,066 | 16,587 | |
Impala Platinum Holdings Ltd. | 2,120 | 20,640 | |
MTN Group Ltd. | 5,393 | 37,831 | |
Naspers Ltd. Class N | 216 | 38,509 | |
TOTAL SOUTH AFRICA | 190,674 | ||
Switzerland - 0.2% | |||
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 11/16/24 (a)(b) | 172 | 7,808 | |
Taiwan - 13.4% | |||
Chailease Holding Co. Ltd. | 4,779 | 34,782 | |
E.SUN Financial Holdings Co. Ltd. | 11,851 | 9,631 | |
eMemory Technology, Inc. | 484 | 28,919 | |
HIWIN Technologies Corp. | 4,084 | 31,348 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 8,921 | 30,378 | |
MediaTek, Inc. | 2,024 | 43,979 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 4,666 | 393,342 | |
TOTAL TAIWAN | 572,379 | ||
Thailand - 0.6% | |||
CP ALL PCL (For. Reg.) | 10,881 | 20,680 | |
Thai Beverage PCL | 11,450 | 5,502 | |
TOTAL THAILAND | 26,182 | ||
TOTAL COMMON STOCKS (Cost $4,082,062) | 4,082,924 | ||
Nonconvertible Preferred Stocks - 1.8% | |||
Shares | Value ($) | ||
Brazil - 1.8% | |||
Banco Bradesco SA (PN) | 3,234 | 8,980 | |
Itau Unibanco Holding SA | 8,996 | 46,749 | |
Itau Unibanco Holding SA sponsored ADR | 3,960 | 20,394 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $72,366) | 76,123 | ||
Money Market Funds - 3.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) (Cost $159,981) | 159,949 | 159,981 | |
TOTAL INVESTMENT IN SECURITIES - 101.4% (Cost $4,314,409) | 4,319,028 |
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (58,683) |
NET ASSETS - 100.0% | 4,260,345 |
ELS | - | EQUITY-LINKED SECURITY |
(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 $248,740 or 5.8% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 102,935 | 2,315,186 | 2,258,140 | 5,986 | - | - | 159,981 | 0.0% |
Total | 102,935 | 2,315,186 | 2,258,140 | 5,986 | - | - | 159,981 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 549,433 | 212,415 | 337,018 | - |
Consumer Discretionary | 597,578 | 238,240 | 359,338 | - |
Consumer Staples | 334,321 | 183,361 | 150,960 | - |
Energy | 116,541 | 64,308 | 52,233 | - |
Financials | 934,478 | 313,342 | 621,136 | - |
Health Care | 222,053 | 103,309 | 118,744 | - |
Industrials | 252,212 | 107,187 | 145,025 | - |
Information Technology | 868,763 | 444,702 | 424,061 | - |
Materials | 212,269 | 25,635 | 186,634 | - |
Utilities | 71,399 | - | 71,399 | - |
Money Market Funds | 159,981 | 159,981 | - | - |
Total Investments in Securities: | 4,319,028 | 1,852,480 | 2,466,548 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,154,428) | $ | 4,159,047 | ||
Fidelity Central Funds (cost $159,981) | 159,981 | |||
Total Investment in Securities (cost $4,314,409) | $ | 4,319,028 | ||
Cash | 4,683 | |||
Foreign currency held at value (cost $13,391) | 13,392 | |||
Receivable for fund shares sold | 800 | |||
Dividends receivable | 3,914 | |||
Distributions receivable from Fidelity Central Funds | 1,067 | |||
Receivable from investment adviser for expense reductions | 15,779 | |||
Other receivables | 140 | |||
Total assets | 4,358,803 | |||
Liabilities | ||||
Payable for investments purchased | $ | 45,730 | ||
Payable for fund shares redeemed | 1,012 | |||
Accrued management fee | 2,840 | |||
Distribution and service plan fees payable | 299 | |||
Other affiliated payables | 957 | |||
Audit fee payable | 32,190 | |||
Custody fee payable | 14,862 | |||
Other payables and accrued expenses | 568 | |||
Total Liabilities | 98,458 | |||
Net Assets | $ | 4,260,345 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,910,374 | ||
Total accumulated earnings (loss) | (650,029) | |||
Net Assets | $ | 4,260,345 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($239,488 ÷ 30,792 shares) (a) | $ | 7.78 | ||
Maximum offering price per share (100/94.25 of $7.78) | $ | 8.25 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($194,896 ÷ 25,065 shares) (a) | $ | 7.78 | ||
Maximum offering price per share (100/96.50 of $7.78) | $ | 8.06 | ||
Class C : | ||||
Net Asset Value and offering price per share ($198,750 ÷ 25,658 shares) (a) | $ | 7.75 | ||
Fidelity Sustainable Emerging Markets Equity Fund : | ||||
Net Asset Value , offering price and redemption price per share ($3,087,295 ÷ 396,492 shares) | $ | 7.79 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($211,321 ÷ 27,136 shares) | $ | 7.79 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($328,595 ÷ 42,130 shares) | $ | 7.80 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 37,242 | ||
Non-Cash dividends | 11,645 | |||
Income from Fidelity Central Funds | 5,986 | |||
Income before foreign taxes withheld | $ | 54,873 | ||
Less foreign taxes withheld | (5,112) | |||
Total Income | 49,761 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 17,182 | ||
Performance adjustment | (24) | |||
Transfer agent fees | 4,391 | |||
Distribution and service plan fees | 1,756 | |||
Accounting fees and expenses | 1,102 | |||
Custodian fees and expenses | 25,369 | |||
Independent trustees' fees and expenses | 11 | |||
Registration fees | 100,314 | |||
Audit | 33,759 | |||
Legal | 3 | |||
Miscellaneous | 8 | |||
Total expenses before reductions | 183,871 | |||
Expense reductions | (155,042) | |||
Total expenses after reductions | 28,829 | |||
Net Investment income (loss) | 20,932 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (259,875) | |||
Foreign currency transactions | (2,637) | |||
Futures contracts | 5,437 | |||
Total net realized gain (loss) | (257,075) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $565) | 765,330 | |||
Assets and liabilities in foreign currencies | (26) | |||
Total change in net unrealized appreciation (depreciation) | 765,304 | |||
Net gain (loss) | 508,229 | |||
Net increase (decrease) in net assets resulting from operations | $ | 529,161 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | For the period February 10, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 20,932 | $ | 14,880 |
Net realized gain (loss) | (257,075) | (409,178) | ||
Change in net unrealized appreciation (depreciation) | 765,304 | (761,262) | ||
Net increase (decrease) in net assets resulting from operations | 529,161 | (1,155,560) | ||
Distributions to shareholders | (23,630) | - | ||
Share transactions - net increase (decrease) | 742,489 | 4,167,885 | ||
Total increase (decrease) in net assets | 1,248,020 | 3,012,325 | ||
Net Assets | ||||
Beginning of period | 3,012,325 | - | ||
End of period | $ | 4,260,345 | $ | 3,012,325 |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 6.55 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .03 | .03 | ||
Net realized and unrealized gain (loss) | 1.24 | (3.48) | ||
Total from investment operations | 1.27 | (3.45) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 7.78 | $ | 6.55 |
Total Return D,E,F | 19.37% | (34.50)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 8.67% I | 8.77% I,J | ||
Expenses net of fee waivers, if any | 1.50% I | 1.57% I | ||
Expenses net of all reductions | 1.49% I | 1.56% I | ||
Net investment income (loss) | .76% I | .51% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 239 | $ | 164 |
Portfolio turnover rate K | 139% I | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 6.54 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .02 | .01 | ||
Net realized and unrealized gain (loss) | 1.24 | (3.47) | ||
Total from investment operations | 1.26 | (3.46) | ||
Distributions from net investment income | (.02) | - | ||
Total distributions | (.02) | - | ||
Net asset value, end of period | $ | 7.78 | $ | 6.54 |
Total Return D,E,F | 19.24% | (34.60)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 8.77% I | 9.01% I,J | ||
Expenses net of fee waivers, if any | 1.75% I | 1.82% I | ||
Expenses net of all reductions | 1.74% I | 1.82% I | ||
Net investment income (loss) | .51% I | .26% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 195 | $ | 164 |
Portfolio turnover rate K | 139% I | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 6.52 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | - D | (.01) | ||
Net realized and unrealized gain (loss) | 1.23 | (3.47) | ||
Total from investment operations | 1.23 | (3.48) | ||
Net asset value, end of period | $ | 7.75 | $ | 6.52 |
Total Return E,F,G | 18.87% | (34.80)% | ||
Ratios to Average Net Assets C,H,I | ||||
Expenses before reductions | 9.26% J | 9.51% J,K | ||
Expenses net of fee waivers, if any | 2.25% J | 2.32% J | ||
Expenses net of all reductions | 2.24% J | 2.32% J | ||
Net investment income (loss) | .01% J | (.24)% J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 199 | $ | 163 |
Portfolio turnover rate L | 139% J | 84% J |
Fidelity® Sustainable Emerging Markets Equity Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 6.57 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .04 | .05 | ||
Net realized and unrealized gain (loss) | 1.23 | (3.48) | ||
Total from investment operations | 1.27 | (3.43) | ||
Distributions from net investment income | (.05) | - | ||
Total distributions | (.05) | - | ||
Net asset value, end of period | $ | 7.79 | $ | 6.57 |
Total Return D,E | 19.40% | (34.30)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 8.25% H | 8.07% H,I | ||
Expenses net of fee waivers, if any | 1.25% H | 1.25% H | ||
Expenses net of all reductions | 1.24% H | 1.25% H | ||
Net investment income (loss) | 1.02% H | .83% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 3,087 | $ | 2,082 |
Portfolio turnover rate J | 139% H | 84% H |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 6.57 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .04 | .04 | ||
Net realized and unrealized gain (loss) | 1.23 | (3.47) | ||
Total from investment operations | 1.27 | (3.43) | ||
Distributions from net investment income | (.05) | - | ||
Total distributions | (.05) | - | ||
Net asset value, end of period | $ | 7.79 | $ | 6.57 |
Total Return D,E | 19.40% | (34.30)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 8.20% H | 8.50% H,I | ||
Expenses net of fee waivers, if any | 1.25% H | 1.31% H | ||
Expenses net of all reductions | 1.24% H | 1.31% H | ||
Net investment income (loss) | 1.01% H | .76% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 211 | $ | 164 |
Portfolio turnover rate J | 139% H | 84% H |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 6.57 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .05 | .05 | ||
Net realized and unrealized gain (loss) | 1.23 | (3.48) | ||
Total from investment operations | 1.28 | (3.43) | ||
Distributions from net investment income | (.05) | - | ||
Total distributions | (.05) | - | ||
Net asset value, end of period | $ | 7.80 | $ | 6.57 |
Total Return D,E | 19.55% | (34.30)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 8.23% H | 8.23% H,I | ||
Expenses net of fee waivers, if any | 1.10% H | 1.15% H | ||
Expenses net of all reductions | 1.09% H | 1.15% H | ||
Net investment income (loss) | 1.17% H | .93% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 329 | $ | 276 |
Portfolio turnover rate J | 139% H | 84% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $285,028 |
Gross unrealized depreciation | (330,952) |
Net unrealized appreciation (depreciation) | $(45,924) |
Tax cost | $4,364,952 |
Short-term | $(285,926) |
Long-term | (16,652) |
Total capital loss carryforward | $(302,578) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 3,617,324 | 2,853,590 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $289 | $244 |
Class M | .25% | .25% | 486 | 486 |
Class C | .75% | .25% | 981 | 968 |
$1,756 | $1,698 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $217 | .19 |
Class M | 109 | .11 |
Class C | 116 | .12 |
Fidelity Sustainable Emerging Markets Equity Fund | 3,763 | .23 |
Class I | 117 | .12 |
Class Z | 69 | .04 |
$4,391 |
% of Average Net Assets | |
Fidelity Sustainable Emerging Markets Equity Fund | .05 |
Amount | |
Fidelity Sustainable Emerging Markets Equity Fund | $16 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 30,788 | 54,954 | (7,880) |
Amount | |
Fidelity Sustainable Emerging Markets Equity Fund | $4 |
Expense Limitations | Reimbursement | |
Class A | 1.50% | $8,267 |
Class M | 1.75% | 6,810 |
Class C | 2.25% | 6,865 |
Fidelity Sustainable Emerging Markets Equity Fund | 1.25% | 114,115 |
Class I | 1.25% | 7,061 |
Class Z | 1.10% | 11,661 |
$154,779 |
Six months ended April 30, 2023 | Year ended October 31, 2022 A | |
Fidelity Sustainable Emerging Markets Equity Fund | ||
Distributions to shareholders | ||
Class A | $1,114 | $- |
Class M | 450 | - |
Fidelity Sustainable Emerging Markets Equity Fund | 18,515 | - |
Class I | 1,326 | - |
Class Z | 2,225 | - |
Total | $23,630 | $- |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 A | Six months ended April 30, 2023 | Year ended October 31, 2022 A | |
Fidelity Sustainable Emerging Markets Equity Fund | ||||
Class A | ||||
Shares sold | 8,116 | 25,041 | $62,655 | $250,393 |
Reinvestment of distributions | 147 | - | 1,114 | - |
Shares redeemed | (2,471) | (41) | (20,694) | (320) |
Net increase (decrease) | 5,792 | 25,000 | $43,075 | $250,073 |
Class M | ||||
Shares sold | 6 | 25,000 | $48 | $250,003 |
Reinvestment of distributions | 59 | - | 450 | - |
Net increase (decrease) | 65 | 25,000 | $498 | $250,003 |
Class C | ||||
Shares sold | 658 | 25,000 | $5,392 | $250,000 |
Net increase (decrease) | 658 | 25,000 | $5,392 | $250,000 |
Fidelity Sustainable Emerging Markets Equity Fund | ||||
Shares sold | 274,168 | 382,605 | $2,208,394 | $3,306,578 |
Reinvestment of distributions | 2,252 | - | 17,120 | - |
Shares redeemed | (196,993) | (65,540) | (1,550,517) | (507,726) |
Net increase (decrease) | 79,427 | 317,065 | $674,997 | $2,798,852 |
Class I | ||||
Shares sold | 1,962 | 25,000 | $15,875 | $250,000 |
Reinvestment of distributions | 174 | - | 1,326 | - |
Net increase (decrease) | 2,136 | 25,000 | $17,201 | $250,000 |
Class Z | ||||
Shares sold | - | 42,008 | $ - | $369,361 |
Reinvestment of distributions | 174 | - | 1,326 | - |
Shares redeemed | - | (52) | - | (404) |
Net increase (decrease) | 174 | 41,956 | $1,326 | $368,957 |
Affiliated % | |
Fund | |
Fidelity Sustainable Emerging Markets Equity Fund | 33% |
Fidelity Sustainable Multi-Asset Fund | |
Fidelity Sustainable Emerging Markets Equity Fund | 14% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Sustainable Emerging Markets Equity Fund | ||||||||||
Class A | 1.50% | |||||||||
Actual | $ 1,000 | $ 1,193.70 | $ 8.16 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.36 | $ 7.50 | |||||||
Class M | 1.75% | |||||||||
Actual | $ 1,000 | $ 1,192.40 | $ 9.51 | |||||||
Hypothetical- B | $ 1,000 | $ 1,016.12 | $ 8.75 | |||||||
Class C | 2.25% | |||||||||
Actual | $ 1,000 | $ 1,188.70 | $ 12.21 | |||||||
Hypothetical- B | $ 1,000 | $ 1,013.64 | $ 11.23 | |||||||
Fidelity® Sustainable Emerging Markets Equity Fund | 1.25% | |||||||||
Actual | $ 1,000 | $ 1,194.00 | $ 6.80 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.60 | $ 6.26 | |||||||
Class I | 1.25% | |||||||||
Actual | $ 1,000 | $ 1,194.00 | $ 6.80 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.60 | $ 6.26 | |||||||
Class Z | 1.10% | |||||||||
Actual | $ 1,000 | $ 1,195.50 | $ 5.99 | |||||||
Hypothetical- B | $ 1,000 | $ 1,019.34 | $ 5.51 | |||||||
- 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) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 6.2 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 5.6 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 4.9 | |
Linde PLC (United States of America, Chemicals) | 3.7 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.0 | |
Safran SA (France, Aerospace & Defense) | 2.9 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 2.8 | |
Marsh & McLennan Companies, Inc. (United States of America, Insurance) | 2.7 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.6 | |
37.5 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 27.0 | |
Financials | 17.2 | |
Information Technology | 15.2 | |
Consumer Discretionary | 13.5 | |
Health Care | 8.7 | |
Materials | 7.6 | |
Consumer Staples | 5.4 | |
Communication Services | 1.5 | |
Energy | 0.9 | |
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 - 96.9% | |||
Shares | Value ($) | ||
Belgium - 0.4% | |||
Azelis Group NV | 697,917 | 16,534,247 | |
Canada - 3.3% | |||
CAE, Inc. (a) | 1,250,200 | 28,134,921 | |
Canadian Pacific Kansas City Ltd. | 1,064,100 | 83,880,784 | |
Franco-Nevada Corp. | 263,780 | 40,025,016 | |
TOTAL CANADA | 152,040,721 | ||
Denmark - 3.8% | |||
Novo Nordisk A/S Series B | 858,300 | 142,782,067 | |
Vestas Wind Systems A/S | 1,297,900 | 35,913,665 | |
TOTAL DENMARK | 178,695,732 | ||
Finland - 0.6% | |||
Kone OYJ (B Shares) | 472,700 | 26,928,882 | |
France - 15.1% | |||
Adevinta ASA Class B (a) | 1,400,258 | 10,774,197 | |
Airbus Group NV (b) | 832,300 | 116,550,818 | |
Edenred SA | 989,539 | 64,244,778 | |
Lectra | 336,961 | 10,953,271 | |
Legrand SA | 812,600 | 76,736,118 | |
LVMH Moet Hennessy Louis Vuitton SE (b) | 299,200 | 287,794,887 | |
Safran SA | 874,100 | 135,939,829 | |
TOTAL FRANCE | 702,993,898 | ||
Germany - 1.8% | |||
Deutsche Borse AG | 378,600 | 72,202,294 | |
Vonovia SE | 442,210 | 9,590,879 | |
TOTAL GERMANY | 81,793,173 | ||
Hong Kong - 2.6% | |||
AIA Group Ltd. | 11,230,000 | 122,261,860 | |
India - 1.7% | |||
Housing Development Finance Corp. Ltd. | 1,126,178 | 38,411,460 | |
Kotak Mahindra Bank Ltd. | 893,600 | 21,290,177 | |
Reliance Industries Ltd. | 410,000 | 12,188,682 | |
Reliance Industries Ltd. GDR (c) | 153,600 | 9,154,560 | |
TOTAL INDIA | 81,044,879 | ||
Ireland - 1.9% | |||
CRH PLC sponsored ADR | 1,780,166 | 86,338,051 | |
Israel - 1.3% | |||
NICE Ltd. sponsored ADR (a) | 290,600 | 59,285,306 | |
Italy - 1.6% | |||
Interpump Group SpA | 625,126 | 34,771,954 | |
Prada SpA | 5,171,000 | 38,072,416 | |
TOTAL ITALY | 72,844,370 | ||
Japan - 11.1% | |||
Azbil Corp. | 1,526,470 | 42,690,427 | |
FANUC Corp. | 928,200 | 31,346,441 | |
Hoya Corp. | 657,800 | 68,973,647 | |
Keyence Corp. | 321,048 | 144,778,618 | |
Lasertec Corp. | 263,800 | 35,888,943 | |
Misumi Group, Inc. | 2,323,985 | 58,627,651 | |
OSG Corp. | 723,100 | 10,157,897 | |
Recruit Holdings Co. Ltd. | 2,595,400 | 72,810,332 | |
SHO-BOND Holdings Co. Ltd. | 695,400 | 29,718,581 | |
USS Co. Ltd. | 1,273,700 | 21,403,245 | |
TOTAL JAPAN | 516,395,782 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 85,504,800 | 10,373,744 | |
Netherlands - 6.6% | |||
Aalberts Industries NV | 225,000 | 10,358,411 | |
ASML Holding NV (Netherlands) | 414,500 | 261,938,985 | |
IMCD NV | 228,900 | 34,353,033 | |
TOTAL NETHERLANDS | 306,650,429 | ||
Norway - 0.3% | |||
Schibsted ASA (B Shares) | 804,500 | 13,029,563 | |
South Africa - 0.2% | |||
Clicks Group Ltd. | 610,138 | 8,917,004 | |
Spain - 2.3% | |||
Amadeus IT Holding SA Class A (a) | 1,532,700 | 107,725,864 | |
Sweden - 6.7% | |||
ASSA ABLOY AB (B Shares) (b) | 2,884,676 | 68,607,416 | |
Atlas Copco AB (A Shares) | 9,241,500 | 133,462,650 | |
Autoliv, Inc. | 417,269 | 35,805,853 | |
Epiroc AB (A Shares) | 3,440,300 | 68,919,785 | |
Lagercrantz Group AB (B Shares) | 548,100 | 7,044,293 | |
TOTAL SWEDEN | 313,839,997 | ||
Switzerland - 1.0% | |||
Schindler Holding AG: | |||
(participation certificate) | 103,858 | 23,087,302 | |
(Reg.) | 18,350 | 3,898,490 | |
UBS Group AG | 911,240 | 18,416,458 | |
TOTAL SWITZERLAND | 45,402,250 | ||
Taiwan - 1.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,887,000 | 79,971,597 | |
United Kingdom - 5.7% | |||
BAE Systems PLC | 3,621,500 | 46,137,852 | |
Compass Group PLC | 3,614,800 | 95,361,895 | |
Dechra Pharmaceuticals PLC | 237,400 | 11,128,546 | |
InterContinental Hotel Group PLC ADR (b) | 648,770 | 44,946,786 | |
Rightmove PLC | 2,907,600 | 20,981,993 | |
Spectris PLC | 1,028,557 | 48,590,301 | |
TOTAL UNITED KINGDOM | 267,147,373 | ||
United States of America - 27.0% | |||
Experian PLC | 2,029,500 | 71,854,210 | |
Lam Research Corp. | 48,766 | 25,557,285 | |
Linde PLC | 470,379 | 173,781,522 | |
Marsh & McLennan Companies, Inc. | 703,951 | 126,844,931 | |
MasterCard, Inc. Class A | 213,800 | 81,250,414 | |
Moody's Corp. | 205,600 | 64,377,472 | |
MSCI, Inc. | 161,500 | 77,915,675 | |
Nestle SA (Reg. S) | 1,776,179 | 227,865,248 | |
NOV, Inc. | 1,024,000 | 17,152,000 | |
Otis Worldwide Corp. | 315,700 | 26,929,210 | |
PriceSmart, Inc. | 189,998 | 13,999,053 | |
ResMed, Inc. | 422,200 | 101,733,312 | |
Roche Holding AG (participation certificate) | 263,873 | 82,629,246 | |
S&P Global, Inc. | 168,100 | 60,949,698 | |
Sherwin-Williams Co. | 214,600 | 50,976,084 | |
Visa, Inc. Class A | 234,260 | 54,519,330 | |
TOTAL UNITED STATES OF AMERICA | 1,258,334,690 | ||
TOTAL COMMON STOCKS (Cost $3,055,578,438) | 4,508,549,412 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
China - 0.3% | |||
ByteDance Ltd. Series E1 (a)(d)(e) (Cost $6,992,915) | 63,819 | 12,699,981 | |
Money Market Funds - 10.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 106,552,071 | 106,573,382 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 387,263,127 | 387,301,853 | |
TOTAL MONEY MARKET FUNDS (Cost $493,875,235) | 493,875,235 | ||
TOTAL INVESTMENT IN SECURITIES - 107.8% (Cost $3,556,446,588) | 5,015,124,628 |
NET OTHER ASSETS (LIABILITIES) - (7.8)% | (362,574,608) |
NET ASSETS - 100.0% | 4,652,550,020 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $9,154,560 or 0.2% of net assets. |
(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 $12,699,981 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 6,992,915 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 21,706,800 | 647,260,843 | 562,394,261 | 1,956,379 | 713 | (713) | 106,573,382 | 0.3% |
Fidelity Securities Lending Cash Central Fund 4.88% | 34,813,698 | 717,988,388 | 365,500,233 | 241,312 | - | - | 387,301,853 | 1.2% |
Total | 56,520,498 | 1,365,249,231 | 927,894,494 | 2,197,691 | 713 | (713) | 493,875,235 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 67,859,478 | 55,159,497 | - | 12,699,981 |
Consumer Discretionary | 631,110,946 | 80,752,639 | 550,358,307 | - |
Consumer Staples | 250,781,305 | 22,916,057 | 227,865,248 | - |
Energy | 38,495,242 | 26,306,560 | 12,188,682 | - |
Financials | 802,684,547 | 548,518,756 | 254,165,791 | - |
Health Care | 407,246,818 | 112,861,858 | 294,384,960 | - |
Industrials | 1,245,660,479 | 567,683,418 | 677,977,061 | - |
Information Technology | 716,699,026 | 413,369,441 | 303,329,585 | - |
Materials | 351,120,673 | 351,120,673 | - | - |
Real Estate | 9,590,879 | - | 9,590,879 | - |
Money Market Funds | 493,875,235 | 493,875,235 | - | - |
Total Investments in Securities: | 5,015,124,628 | 2,672,564,134 | 2,329,860,513 | 12,699,981 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $370,034,009) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,062,571,353) | $ | 4,521,249,393 | ||
Fidelity Central Funds (cost $493,875,235) | 493,875,235 | |||
Total Investment in Securities (cost $3,556,446,588) | $ | 5,015,124,628 | ||
Foreign currency held at value (cost $321,392) | 313,192 | |||
Receivable for investments sold | 8,056,378 | |||
Receivable for fund shares sold | 3,014,726 | |||
Dividends receivable | 11,322,073 | |||
Reclaims receivable | 9,794,956 | |||
Distributions receivable from Fidelity Central Funds | 486,682 | |||
Prepaid expenses | 1,598 | |||
Other receivables | 1,183 | |||
Total assets | 5,048,115,416 | |||
Liabilities | ||||
Payable for investments purchased | $ | 422,499 | ||
Payable for fund shares redeemed | 3,224,752 | |||
Accrued management fee | 2,587,441 | |||
Distribution and service plan fees payable | 79,937 | |||
Other affiliated payables | 625,340 | |||
Other payables and accrued expenses | 1,324,277 | |||
Collateral on securities loaned | 387,301,150 | |||
Total Liabilities | 395,565,396 | |||
Net Assets | $ | 4,652,550,020 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,244,333,059 | ||
Total accumulated earnings (loss) | 1,408,216,961 | |||
Net Assets | $ | 4,652,550,020 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($185,039,732 ÷ 10,464,397 shares) (a) | $ | 17.68 | ||
Maximum offering price per share (100/94.25 of $17.68) | $ | 18.76 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($30,371,778 ÷ 1,731,889 shares) (a) | $ | 17.54 | ||
Maximum offering price per share (100/96.50 of $17.54) | $ | 18.18 | ||
Class C : | ||||
Net Asset Value and offering price per share ($34,817,971 ÷ 2,054,174 shares) (a) | $ | 16.95 | ||
International Growth : | ||||
Net Asset Value , offering price and redemption price per share ($1,427,860,358 ÷ 79,933,638 shares) | $ | 17.86 | ||
Class I : | ||||
Net Asset Value , offering price and redemption price per share ($1,571,966,749 ÷ 88,227,654 shares) | $ | 17.82 | ||
Class Z : | ||||
Net Asset Value , offering price and redemption price per share ($1,402,493,432 ÷ 78,563,983 shares) | $ | 17.85 | ||
(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, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 36,267,054 | ||
Foreign Tax Reclaims | 2,163,903 | |||
Interest | 697 | |||
Income from Fidelity Central Funds (including $241,312 from security lending) | 2,197,691 | |||
Income before foreign taxes withheld | $ | 40,629,345 | ||
Less foreign taxes withheld | (6,068,517) | |||
Total Income | 34,560,828 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 14,213,023 | ||
Performance adjustment | 860,021 | |||
Transfer agent fees | 2,930,301 | |||
Distribution and service plan fees | 470,433 | |||
Accounting fees | 731,410 | |||
Custodian fees and expenses | 180,982 | |||
Independent trustees' fees and expenses | 13,333 | |||
Registration fees | 110,525 | |||
Audit | 44,303 | |||
Legal | 3,096 | |||
Interest | 23,665 | |||
Miscellaneous | 8,817 | |||
Total expenses before reductions | 19,589,909 | |||
Expense reductions | (95,863) | |||
Total expenses after reductions | 19,494,046 | |||
Net Investment income (loss) | 15,066,782 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (50,850,807) | |||
Fidelity Central Funds | 713 | |||
Foreign currency transactions | 70,556 | |||
Total net realized gain (loss) | (50,779,538) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $547,372) | 801,195,070 | |||
Fidelity Central Funds | (713) | |||
Assets and liabilities in foreign currencies | 865,255 | |||
Total change in net unrealized appreciation (depreciation) | 802,059,612 | |||
Net gain (loss) | 751,280,074 | |||
Net increase (decrease) in net assets resulting from operations | $ | 766,346,856 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 15,066,782 | $ | 14,250,128 |
Net realized gain (loss) | (50,779,538) | 85,832,715 | ||
Change in net unrealized appreciation (depreciation) | 802,059,612 | (1,635,676,492) | ||
Net increase (decrease) in net assets resulting from operations | 766,346,856 | (1,535,593,649) | ||
Distributions to shareholders | (63,050,595) | (105,083,685) | ||
Share transactions - net increase (decrease) | 174,388,056 | (1,611,089) | ||
Total increase (decrease) in net assets | 877,684,317 | (1,642,288,423) | ||
Net Assets | ||||
Beginning of period | 3,774,865,703 | 5,417,154,126 | ||
End of period | $ | 4,652,550,020 | $ | 3,774,865,703 |
Fidelity Advisor® International Growth Fund Class A |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.89 | $ | 21.04 | $ | 16.06 | $ | 15.03 | $ | 12.47 | $ | 13.34 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | - C | (.04) | (.01) | .15 D | .09 | ||||||
Net realized and unrealized gain (loss) | 2.98 | (5.80) | 5.02 | 1.16 | 2.48 | (.90) | ||||||
Total from investment operations | 3.02 | (5.80) | 4.98 | 1.15 | 2.63 | (.81) | ||||||
Distributions from net investment income | - | (.03) | - | (.12) | (.07) | (.04) | ||||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | (.02) | ||||||
Total distributions | (.23) | (.35) | - | (.12) | (.07) | (.06) | ||||||
Net asset value, end of period | $ | 17.68 | $ | 14.89 | $ | 21.04 | $ | 16.06 | $ | 15.03 | $ | 12.47 |
Total Return E,F,G | 20.41% | (28.00)% | 31.01% | 7.66% | 21.25% | (6.12)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.23% J | 1.30% | 1.28% | 1.30% | 1.28% | 1.24% | ||||||
Expenses net of fee waivers, if any | 1.22% J | 1.30% | 1.28% | 1.30% | 1.28% | 1.23% | ||||||
Expenses net of all reductions | 1.22% J | 1.30% | 1.28% | 1.29% | 1.27% | 1.22% | ||||||
Net investment income (loss) | .42% J | .02% | (.20)% | (.08)% | 1.14% D | .64% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 185,040 | $ | 157,490 | $ | 232,527 | $ | 174,561 | $ | 164,247 | $ | 138,802 |
Portfolio turnover rate K | 25% J | 22% | 21% | 23% | 21% | 34% |
Fidelity Advisor® International Growth Fund Class M |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.79 | $ | 20.92 | $ | 16.01 | $ | 14.99 | $ | 12.43 | $ | 13.30 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | (.04) | (.09) | (.06) | .11 C | .05 | ||||||
Net realized and unrealized gain (loss) | 2.97 | (5.77) | 5.00 | 1.15 | 2.48 | (.90) | ||||||
Total from investment operations | 2.98 | (5.81) | 4.91 | 1.09 | 2.59 | (.85) | ||||||
Distributions from net investment income | - | - | - | (.07) | (.03) | (.01) | ||||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | (.02) | ||||||
Total distributions | (.23) | (.32) | - | (.07) | (.03) | (.02) D | ||||||
Net asset value, end of period | $ | 17.54 | $ | 14.79 | $ | 20.92 | $ | 16.01 | $ | 14.99 | $ | 12.43 |
Total Return E,F,G | 20.27% | (28.18)% | 30.67% | 7.27% | 20.92% | (6.40)% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.50% J | 1.57% | 1.55% | 1.59% | 1.58% | 1.54% | ||||||
Expenses net of fee waivers, if any | 1.50% J | 1.57% | 1.55% | 1.59% | 1.58% | 1.53% | ||||||
Expenses net of all reductions | 1.49% J | 1.57% | 1.55% | 1.58% | 1.58% | 1.52% | ||||||
Net investment income (loss) | .16% J | (.25)% | (.48)% | (.37)% | .83% C | .34% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 30,372 | $ | 26,250 | $ | 38,761 | $ | 30,353 | $ | 28,534 | $ | 26,479 |
Portfolio turnover rate K | 25% J | 22% | 21% | 23% | 21% | 34% |
Fidelity Advisor® International Growth Fund Class C |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.33 | $ | 20.39 | $ | 15.68 | $ | 14.68 | $ | 12.20 | $ | 13.10 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | (.13) | (.18) | (.13) | .05 C | (.01) | ||||||
Net realized and unrealized gain (loss) | 2.88 | (5.61) | 4.89 | 1.13 | 2.43 | (.89) | ||||||
Total from investment operations | 2.85 | (5.74) | 4.71 | 1.00 | 2.48 | (.90) | ||||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | - | ||||||
Total distributions | (.23) | (.32) | - | - | - | - | ||||||
Net asset value, end of period | $ | 16.95 | $ | 14.33 | $ | 20.39 | $ | 15.68 | $ | 14.68 | $ | 12.20 |
Total Return D,E,F | 20.02% | (28.58)% | 30.04% | 6.81% | 20.33% | (6.87)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.99% I | 2.07% | 2.05% | 2.07% | 2.04% | 1.99% | ||||||
Expenses net of fee waivers, if any | 1.99% I | 2.06% | 2.05% | 2.07% | 2.04% | 1.99% | ||||||
Expenses net of all reductions | 1.99% I | 2.06% | 2.05% | 2.06% | 2.03% | 1.98% | ||||||
Net investment income (loss) | (.34)% I | (.74)% | (.97)% | (.85)% | .38% C | (.11)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 34,818 | $ | 33,575 | $ | 58,867 | $ | 55,013 | $ | 57,291 | $ | 60,489 |
Portfolio turnover rate J | 25% I | 22% | 21% | 23% | 21% | 34% |
Fidelity® International Growth Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.05 | $ | 21.26 | $ | 16.20 | $ | 15.16 | $ | 12.57 | $ | 13.45 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .05 | .02 | .03 | .19 C | .13 | ||||||
Net realized and unrealized gain (loss) | 3.02 | (5.85) | 5.06 | 1.17 | 2.51 | (.92) | ||||||
Total from investment operations | 3.08 | (5.80) | 5.08 | 1.20 | 2.70 | (.79) | ||||||
Distributions from net investment income | (.04) | (.09) | (.02) | (.16) | (.11) | (.08) | ||||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | (.02) | ||||||
Total distributions | (.27) | (.41) | (.02) | (.16) | (.11) | (.09) D | ||||||
Net asset value, end of period | $ | 17.86 | $ | 15.05 | $ | 21.26 | $ | 16.20 | $ | 15.16 | $ | 12.57 |
Total Return E,F | 20.58% | (27.79)% | 31.38% | 7.93% | 21.66% | (5.89)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .94% I | 1.01% | .99% | 1.01% | .99% | .95% | ||||||
Expenses net of fee waivers, if any | .94% I | 1.01% | .99% | 1.01% | .99% | .95% | ||||||
Expenses net of all reductions | .94% I | 1.01% | .99% | 1.00% | .99% | .94% | ||||||
Net investment income (loss) | .71% I | .31% | .09% | .21% | 1.42% C | .93% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,427,860 | $ | 1,194,442 | $ | 1,773,433 | $ | 1,292,392 | $ | 1,040,532 | $ | 811,101 |
Portfolio turnover rate J | 25% I | 22% | 21% | 23% | 21% | 34% |
Fidelity Advisor® International Growth Fund Class I |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.01 | $ | 21.20 | $ | 16.16 | $ | 15.13 | $ | 12.55 | $ | 13.43 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .05 | .01 | .03 | .20 C | .13 | ||||||
Net realized and unrealized gain (loss) | 3.01 | (5.83) | 5.05 | 1.16 | 2.49 | (.91) | ||||||
Total from investment operations | 3.07 | (5.78) | 5.06 | 1.19 | 2.69 | (.78) | ||||||
Distributions from net investment income | (.03) | (.09) | (.02) | (.16) | (.11) | (.09) | ||||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | (.02) | ||||||
Total distributions | (.26) | (.41) | (.02) | (.16) | (.11) | (.10) D | ||||||
Net asset value, end of period | $ | 17.82 | $ | 15.01 | $ | 21.20 | $ | 16.16 | $ | 15.13 | $ | 12.55 |
Total Return E,F | 20.61% | (27.78)% | 31.36% | 7.90% | 21.64% | (5.83)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .95% I | 1.02% | 1.00% | 1.01% | .97% | .93% | ||||||
Expenses net of fee waivers, if any | .94% I | 1.02% | 1.00% | 1.01% | .97% | .93% | ||||||
Expenses net of all reductions | .94% I | 1.02% | 1.00% | 1.00% | .97% | .92% | ||||||
Net investment income (loss) | .70% I | .30% | .07% | .21% | 1.44% C | .94% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,571,967 | $ | 1,373,850 | $ | 2,035,690 | $ | 1,382,837 | $ | 953,360 | $ | 660,961 |
Portfolio turnover rate J | 25% I | 22% | 21% | 23% | 21% | 34% |
Fidelity Advisor® International Growth Fund Class Z |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.05 | $ | 21.25 | $ | 16.19 | $ | 15.16 | $ | 12.57 | $ | 13.45 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .08 | .04 | .05 | .22 C | .15 | ||||||
Net realized and unrealized gain (loss) | 3.02 | (5.85) | 5.06 | 1.16 | 2.50 | (.91) | ||||||
Total from investment operations | 3.09 | (5.77) | 5.10 | 1.21 | 2.72 | (.76) | ||||||
Distributions from net investment income | (.06) | (.11) | (.04) | (.18) | (.13) | (.10) | ||||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | (.02) | ||||||
Total distributions | (.29) | (.43) | (.04) | (.18) | (.13) | (.12) | ||||||
Net asset value, end of period | $ | 17.85 | $ | 15.05 | $ | 21.25 | $ | 16.19 | $ | 15.16 | $ | 12.57 |
Total Return D,E | 20.68% | (27.68)% | 31.55% | 8.01% | 21.85% | (5.71)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .81% H | .89% | .87% | .88% | .84% | .80% | ||||||
Expenses net of fee waivers, if any | .81% H | .89% | .87% | .88% | .84% | .80% | ||||||
Expenses net of all reductions | .81% H | .89% | .87% | .87% | .84% | .79% | ||||||
Net investment income (loss) | .84% H | .43% | .20% | .34% | 1.57% C | 1.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,402,493 | $ | 989,259 | $ | 1,277,877 | $ | 1,350,267 | $ | 1,082,899 | $ | 556,558 |
Portfolio turnover rate I | 25% H | 22% | 21% | 23% | 21% | 34% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,566,281,927 |
Gross unrealized depreciation | (115,505,408) |
Net unrealized appreciation (depreciation) | $1,450,776,519 |
Tax cost | $3,564,348,109 |
Purchases ($) | Sales ($) | |
Fidelity International Growth Fund | 565,081,819 | 513,929,060 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $220,712 | $4,458 |
Class M | .25% | .25% | 73,110 | 1,071 |
Class C | .75% | .25% | 176,611 | 12,840 |
$470,433 | $18,369 |
Retained by FDC | |
Class A | $51,929 |
Class M | 1,292 |
Class C A | 2,055 |
$55,276 |
Amount | % of Class-Level Average Net Assets A | |
Class A | $182,619 | .21 |
Class M | 33,219 | .23 |
Class C | 38,809 | .22 |
International Growth | 1,126,650 | .17 |
Class I | 1,309,746 | .18 |
Class Z | 239,258 | .04 |
$2,930,301 |
% of Average Net Assets | |
Fidelity International Growth Fund | .03 |
Amount | |
Fidelity International Growth Fund | $793 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Growth Fund | 47,283,204 | 16,398,422 | (5,583,265) |
Amount | |
Fidelity International Growth Fund | $4,014 |
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 International Growth Fund | $27,231 | $- | $- |
Expense reduction | |
Class M | $692 |
Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Growth Fund | ||
Distributions to shareholders | ||
Class A | $ 2,422,202 | $3,874,293 |
Class M | 405,995 | 584,059 |
Class C | 523,121 | 921,429 |
International Growth | 20,712,364 | 34,022,956 |
Class I | 22,283,776 | 39,437,200 |
Class Z | 16,703,137 | 26,243,748 |
Total | $63,050,595 | $105,083,685 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2023 | Year ended October 31, 2022 | Six months ended April 30, 2023 | Year ended October 31, 2022 | |
Fidelity International Growth Fund | ||||
Class A | ||||
Shares sold | 838,555 | 1,571,011 | $14,015,021 | $27,633,662 |
Reinvestment of distributions | 147,890 | 192,594 | 2,418,006 | 3,867,288 |
Shares redeemed | (1,099,324) | (2,239,322) | (18,330,146) | (38,758,166) |
Net increase (decrease) | (112,879) | (475,717) | $(1,897,119) | $(7,257,216) |
Class M | ||||
Shares sold | 60,526 | 182,229 | $996,965 | $3,218,457 |
Reinvestment of distributions | 25,006 | 29,196 | 405,854 | 583,619 |
Shares redeemed | (128,799) | (289,342) | (2,130,366) | (4,956,089) |
Net increase (decrease) | (43,267) | (77,917) | $(727,547) | $(1,154,013) |
Class C | ||||
Shares sold | 99,348 | 235,265 | $1,597,615 | $4,302,683 |
Reinvestment of distributions | 33,238 | 47,271 | 522,168 | 919,894 |
Shares redeemed | (420,577) | (828,106) | (6,733,681) | (13,580,412) |
Net increase (decrease) | (287,991) | (545,570) | $(4,613,898) | $(8,357,835) |
International Growth | ||||
Shares sold | 7,417,383 | 16,241,408 | $125,720,692 | $290,344,779 |
Reinvestment of distributions | 1,147,426 | 1,547,748 | 18,921,062 | 31,326,431 |
Shares redeemed | (8,000,808) | (21,846,639) | (134,098,247) | (372,519,642) |
Net increase (decrease) | 564,001 | (4,057,483) | $10,543,507 | $(50,848,432) |
Class I | ||||
Shares sold | 13,303,685 | 27,427,945 | $223,519,843 | $483,250,347 |
Reinvestment of distributions | 1,326,495 | 1,891,163 | 21,820,838 | 38,182,588 |
Shares redeemed | (17,937,326) | (33,802,275) | (300,628,460) | (571,344,966) |
Net increase (decrease) | (3,307,146) | (4,483,167) | $(55,287,779) | $(49,912,031) |
Class Z | ||||
Shares sold | 29,232,117 | 45,989,188 | $494,964,735 | $767,374,148 |
Reinvestment of distributions | 410,878 | 542,351 | 6,767,160 | 10,966,334 |
Shares redeemed | (16,806,873) | (40,926,928) | (275,361,003) | (662,422,044) |
Net increase (decrease) | 12,836,122 | 5,604,611 | $226,370,892 | $115,918,438 |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Growth Fund | ||||||||||
Class A | 1.22% | |||||||||
Actual | $ 1,000 | $ 1,204.10 | $ 6.67 | |||||||
Hypothetical- B | $ 1,000 | $ 1,018.74 | $ 6.11 | |||||||
Class M | 1.50% | |||||||||
Actual | $ 1,000 | $ 1,202.70 | $ 8.19 | |||||||
Hypothetical- B | $ 1,000 | $ 1,017.36 | $ 7.50 | |||||||
Class C | 1.99% | |||||||||
Actual | $ 1,000 | $ 1,200.20 | $ 10.86 | |||||||
Hypothetical- B | $ 1,000 | $ 1,014.93 | $ 9.94 | |||||||
Fidelity® International Growth Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,205.80 | $ 5.14 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.13 | $ 4.71 | |||||||
Class I | .94% | |||||||||
Actual | $ 1,000 | $ 1,206.10 | $ 5.14 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.13 | $ 4.71 | |||||||
Class Z | .81% | |||||||||
Actual | $ 1,000 | $ 1,206.80 | $ 4.43 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.78 | $ 4.06 | |||||||
- 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) | ||
The Toronto-Dominion Bank (Banks) | 7.5 | |
Canadian Pacific Kansas City Ltd. (Ground Transportation) | 6.9 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 5.7 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Consumer Staples Distribution & Retail) | 5.1 | |
Royal Bank of Canada (Banks) | 4.8 | |
Bank of Montreal (Banks) | 4.3 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.0 | |
Franco-Nevada Corp. (Metals & Mining) | 3.9 | |
Constellation Software, Inc. (Software) | 3.9 | |
PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) | 3.1 | |
49.2 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 29.8 | |
Energy | 18.3 | |
Industrials | 14.9 | |
Materials | 12.5 | |
Information Technology | 7.4 | |
Consumer Staples | 6.9 | |
Consumer Discretionary | 5.7 | |
Communication Services | 3.0 | |
Health Care | 0.8 | |
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 - 99.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.8% | |||
Interactive Media & Services - 0.0% | |||
VerticalScope Holdings, Inc. (a) | 335,500 | 859,272 | |
Media - 1.3% | |||
Quebecor, Inc.: | |||
Class A | 2,128,200 | 54,836,670 | |
Class B (sub. vtg.) | 453,500 | 11,705,277 | |
66,541,947 | |||
Wireless Telecommunication Services - 1.5% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 1,630,200 | 80,544,406 | |
TOTAL COMMUNICATION SERVICES | 147,945,625 | ||
CONSUMER DISCRETIONARY - 5.7% | |||
Automobile Components - 0.8% | |||
Magna International, Inc. Class A (sub. vtg.) | 799,600 | 41,690,035 | |
Broadline Retail - 2.5% | |||
Dollarama, Inc. (b) | 2,136,700 | 132,348,130 | |
Hotels, Restaurants & Leisure - 2.1% | |||
Restaurant Brands International, Inc. | 1,552,400 | 108,828,986 | |
Specialty Retail - 0.1% | |||
Diversified Royalty Corp. (b) | 3,280,500 | 7,215,478 | |
Textiles, Apparel & Luxury Goods - 0.2% | |||
Canada Goose Holdings, Inc. (a)(b) | 398,383 | 7,809,759 | |
TOTAL CONSUMER DISCRETIONARY | 297,892,388 | ||
CONSUMER STAPLES - 6.9% | |||
Beverages - 0.1% | |||
GURU Organic Energy Corp. (a)(c) | 1,843,396 | 3,741,624 | |
Consumer Staples Distribution & Retail - 6.6% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (b) | 5,300,000 | 264,520,796 | |
Metro, Inc. | 584,000 | 33,285,220 | |
Neighbourly Pharmacy, Inc. (b) | 840,375 | 13,180,772 | |
North West Co., Inc. (b) | 1,242,000 | 36,429,922 | |
347,416,710 | |||
Personal Care Products - 0.2% | |||
Jamieson Wellness, Inc. (d) | 422,900 | 10,444,133 | |
TOTAL CONSUMER STAPLES | 361,602,467 | ||
ENERGY - 18.3% | |||
Energy Equipment & Services - 0.8% | |||
Computer Modelling Group Ltd. | 2,590,600 | 13,556,744 | |
Pason Systems, Inc. | 3,017,200 | 26,278,156 | |
39,834,900 | |||
Oil, Gas & Consumable Fuels - 17.5% | |||
Cameco Corp. (b) | 1,471,800 | 40,465,402 | |
Canadian Natural Resources Ltd. | 4,905,000 | 298,894,195 | |
Enbridge, Inc. | 3,526,600 | 140,220,646 | |
Parkland Corp. (b) | 2,848,600 | 67,175,532 | |
PrairieSky Royalty Ltd. (b) | 10,382,180 | 163,834,379 | |
Suncor Energy, Inc. | 6,642,400 | 207,971,811 | |
918,561,965 | |||
TOTAL ENERGY | 958,396,865 | ||
FINANCIALS - 29.8% | |||
Banks - 18.1% | |||
Bank of Montreal (b) | 2,491,000 | 224,545,765 | |
Bank of Nova Scotia (b) | 1,578,700 | 78,803,913 | |
Royal Bank of Canada (b) | 2,500,300 | 248,230,692 | |
The Toronto-Dominion Bank (b) | 6,471,830 | 392,030,914 | |
943,611,284 | |||
Capital Markets - 5.3% | |||
Brookfield Asset Management Ltd. Class A | 2,728,272 | 91,462,608 | |
Brookfield Corp. (Canada) Class A | 3,412,188 | 110,713,204 | |
TMX Group Ltd. | 745,900 | 75,545,188 | |
277,721,000 | |||
Insurance - 6.4% | |||
Definity Financial Corp. | 2,551,524 | 69,209,512 | |
Intact Financial Corp. | 711,800 | 107,669,699 | |
Sun Life Financial, Inc. (b) | 3,246,200 | 159,237,150 | |
336,116,361 | |||
TOTAL FINANCIALS | 1,557,448,645 | ||
HEALTH CARE - 0.8% | |||
Health Care Providers & Services - 0.8% | |||
Andlauer Healthcare Group, Inc. | 814,170 | 30,953,904 | |
dentalcorp Holdings Ltd. (a)(b) | 1,424,571 | 9,326,453 | |
40,280,357 | |||
INDUSTRIALS - 14.9% | |||
Commercial Services & Supplies - 2.7% | |||
GFL Environmental, Inc. (b) | 3,917,614 | 142,293,084 | |
Ground Transportation - 9.9% | |||
Canadian National Railway Co. | 1,325,700 | 158,025,280 | |
Canadian Pacific Kansas City Ltd. | 4,578,221 | 360,891,614 | |
518,916,894 | |||
Professional Services - 2.3% | |||
Thomson Reuters Corp. | 917,000 | 120,583,622 | |
TOTAL INDUSTRIALS | 781,793,600 | ||
INFORMATION TECHNOLOGY - 7.4% | |||
IT Services - 2.8% | |||
Shopify, Inc. Class A (a) | 2,982,100 | 144,477,281 | |
Software - 4.6% | |||
ApplyBoard, Inc. (a)(e)(f) | 10,248 | 593,872 | |
ApplyBoard, Inc. (non-vtg.) (a)(e)(f) | 2,527 | 146,440 | |
Constellation Software, Inc. | 103,200 | 201,991,234 | |
Dye & Durham Ltd. | 2,495,400 | 26,559,153 | |
Enghouse Systems Ltd. | 206,100 | 5,672,561 | |
Lumine Group, Inc. | 485,740 | 6,542,979 | |
241,506,239 | |||
TOTAL INFORMATION TECHNOLOGY | 385,983,520 | ||
MATERIALS - 12.5% | |||
Chemicals - 2.8% | |||
Nutrien Ltd. | 2,130,678 | 147,811,511 | |
Containers & Packaging - 1.2% | |||
CCL Industries, Inc.: | |||
Class A | 157,800 | 7,395,874 | |
Class B (b) | 1,123,200 | 52,816,970 | |
60,212,844 | |||
Metals & Mining - 8.0% | |||
Franco-Nevada Corp. | 1,352,381 | 205,205,363 | |
Lundin Mining Corp. | 5,608,500 | 42,844,577 | |
Triple Flag Precious Metals Corp. | 1,025,800 | 16,588,757 | |
Wheaton Precious Metals Corp. | 3,168,800 | 156,352,570 | |
420,991,267 | |||
Paper & Forest Products - 0.5% | |||
Stella-Jones, Inc. | 569,900 | 22,302,172 | |
Western Forest Products, Inc. | 5,724,300 | 4,394,045 | |
26,696,217 | |||
TOTAL MATERIALS | 655,711,839 | ||
TOTAL COMMON STOCKS (Cost $3,784,315,105) | 5,187,055,306 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.0% | |||
Software - 0.0% | |||
ApplyBoard, Inc.: | |||
Series A1 (a)(e)(f) | 12,606 | 730,518 | |
Series A2 (a)(e)(f) | 9,868 | 571,851 | |
Series A3 (a)(e)(f) | 563 | 32,626 | |
Series D (a)(e)(f) | 27,521 | 1,594,842 | |
Series Seed (a)(e)(f) | 3,768 | 218,356 | |
(Cost $4,705,692) | 3,148,193 | ||
Convertible Bonds - 0.2% | |||
Principal Amount (g) | Value ($) | ||
COMMUNICATION SERVICES - 0.2% | |||
Entertainment - 0.2% | |||
Cineplex, Inc. 5.75% 9/30/25 (d) (Cost $8,491,643) | CAD | 12,287,000 | 9,158,683 |
Money Market Funds - 15.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (h) | 12,139,355 | 12,141,783 | |
Fidelity Securities Lending Cash Central Fund 4.88% (h)(i) | 793,343,645 | 793,422,979 | |
TOTAL MONEY MARKET FUNDS (Cost $805,564,762) | 805,564,762 | ||
TOTAL INVESTMENT IN SECURITIES - 114.7% (Cost $4,603,077,202) | 6,004,926,944 |
NET OTHER ASSETS (LIABILITIES) - (14.7)% | (770,988,210) |
NET ASSETS - 100.0% | 5,233,938,734 |
CAD | - | Canadian dollar |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated company |
(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 $19,602,816 or 0.4% of net assets. |
(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 $3,888,505 or 0.1% of net assets. |
(f) | Level 3 security |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ApplyBoard, Inc. | 6/04/21 - 6/30/21 | 524,312 |
ApplyBoard, Inc. (non-vtg.) | 6/30/21 | 269,861 |
ApplyBoard, Inc. Series A1 | 6/04/21 | 816,255 |
ApplyBoard, Inc. Series A2 | 6/04/21 | 638,966 |
ApplyBoard, Inc. Series A3 | 6/04/21 | 36,455 |
ApplyBoard, Inc. Series D | 6/04/21 | 2,970,033 |
ApplyBoard, Inc. Series Seed | 6/04/21 | 243,983 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 4,119,421 | 107,352,585 | 99,330,223 | 135,472 | - | - | 12,141,783 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 772,969,944 | 3,446,884,082 | 3,426,431,047 | 1,030,246 | - | - | 793,422,979 | 2.4% |
Total | 777,089,365 | 3,554,236,667 | 3,525,761,270 | 1,165,718 | - | - | 805,564,762 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
GURU Organic Energy Corp. | 5,007,698 | - | 86,726 | - | (183,896) | (995,452) | 3,741,624 |
Total | 5,007,698 | - | 86,726 | - | (183,896) | (995,452) | 3,741,624 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 147,945,625 | 147,945,625 | - | - |
Consumer Discretionary | 297,892,388 | 297,892,388 | - | - |
Consumer Staples | 361,602,467 | 361,602,467 | - | - |
Energy | 958,396,865 | 958,396,865 | - | - |
Financials | 1,557,448,645 | 1,557,448,645 | - | - |
Health Care | 40,280,357 | 40,280,357 | - | - |
Industrials | 781,793,600 | 781,793,600 | - | - |
Information Technology | 389,131,713 | 385,243,208 | - | 3,888,505 |
Materials | 655,711,839 | 655,711,839 | - | - |
Corporate Bonds | 9,158,683 | - | 9,158,683 | - |
Money Market Funds | 805,564,762 | 805,564,762 | - | - |
Total Investments in Securities: | 6,004,926,944 | 5,991,879,756 | 9,158,683 | 3,888,505 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $757,223,836) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,784,086,733) | $ | 5,195,620,558 | ||
Fidelity Central Funds (cost $805,564,762) | 805,564,762 | |||
Other affiliated issuers (cost $13,425,707) | 3,741,624 | |||
Total Investment in Securities (cost $4,603,077,202) | $ | 6,004,926,944 | ||
Cash | 139,799 | |||
Foreign currency held at value (cost $39,242,828) | 39,145,432 | |||
Receivable for investments sold | 11,841 | |||
Receivable for fund shares sold | 654,534 | |||
Dividends receivable | 7,998,292 | |||
Interest receivable | 44,289 | |||
Distributions receivable from Fidelity Central Funds | 239,235 | |||
Total assets | 6,053,160,366 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,495,683 | ||
Payable for fund shares redeemed | 24,293,378 | |||
Other payables and accrued expenses | 11,363 | |||
Collateral on securities loaned | 793,421,208 | |||
Total Liabilities | 819,221,632 | |||
Net Assets | $ | 5,233,938,734 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,793,862,766 | ||
Total accumulated earnings (loss) | 1,440,075,968 | |||
Net Assets | $ | 5,233,938,734 | ||
Net Asset Value , offering price and redemption price per share ($5,233,938,734 ÷ 372,257,614 shares) | $ | 14.06 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 71,738,395 | ||
Non-Cash dividends | 3,272,703 | |||
Interest | 479,148 | |||
Income from Fidelity Central Funds (including $1,030,246 from security lending) | 1,165,718 | |||
Income before foreign taxes withheld | $ | 76,655,964 | ||
Less foreign taxes withheld | (11,449,020) | |||
Total Income | 65,206,944 | |||
Expenses | ||||
Custodian fees and expenses | $ | 23,747 | ||
Independent trustees' fees and expenses | 17,292 | |||
Interest | 109,028 | |||
Total Expenses | 150,067 | |||
Net Investment income (loss) | 65,056,877 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 17,394,864 | |||
Redemptions in-kind | 40,743,911 | |||
Affiliated issuers | (183,896) | |||
Foreign currency transactions | (1,765,050) | |||
Total net realized gain (loss) | 56,189,829 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 305,988,848 | |||
Affiliated issuers | (995,452) | |||
Assets and liabilities in foreign currencies | (67,708) | |||
Total change in net unrealized appreciation (depreciation) | 304,925,688 | |||
Net gain (loss) | 361,115,517 | |||
Net increase (decrease) in net assets resulting from operations | $ | 426,172,394 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 65,056,877 | $ | 133,720,673 |
Net realized gain (loss) | 56,189,829 | 50,400,505 | ||
Change in net unrealized appreciation (depreciation) | 304,925,688 | (624,986,211) | ||
Net increase (decrease) in net assets resulting from operations | 426,172,394 | (440,865,033) | ||
Distributions to shareholders | (160,606,918) | (132,881,856) | ||
Share transactions | ||||
Proceeds from sales of shares | 291,396,791 | 958,291,641 | ||
Reinvestment of distributions | 160,606,918 | 132,881,856 | ||
Cost of shares redeemed | (890,827,461) | (1,175,374,764) | ||
Net increase (decrease) in net assets resulting from share transactions | (438,823,752) | (84,201,267) | ||
Total increase (decrease) in net assets | (173,258,276) | (657,948,156) | ||
Net Assets | ||||
Beginning of period | 5,407,197,010 | 6,065,145,166 | ||
End of period | $ | 5,233,938,734 | $ | 5,407,197,010 |
Other Information | ||||
Shares | ||||
Sold | 21,259,270 | 67,737,438 | ||
Issued in reinvestment of distributions | 12,084,794 | 9,351,292 | ||
Redeemed | (65,491,321) | (83,298,959) | ||
Net increase (decrease) | (32,147,257) | (6,210,229) | ||
Fidelity® Series Canada Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.37 | $ | 14.77 | $ | 9.77 | $ | 10.89 | $ | 9.99 | $ | 10.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .17 | .32 | .28 | .27 | .27 | .26 | ||||||
Net realized and unrealized gain (loss) | .93 | (1.40) | 4.97 | (1.14) | .86 | (.81) | ||||||
Total from investment operations | 1.10 | (1.08) | 5.25 | (.87) | 1.13 | (.55) | ||||||
Distributions from net investment income | (.40) | (.32) | (.25) | (.25) | (.23) | (.10) | ||||||
Distributions from net realized gain | (.01) | - | - | - | - | (.02) | ||||||
Total distributions | (.41) | (.32) | (.25) | (.25) | (.23) | (.12) | ||||||
Net asset value, end of period | $ | 14.06 | $ | 13.37 | $ | 14.77 | $ | 9.77 | $ | 10.89 | $ | 9.99 |
Total Return C,D | 8.40% | (7.45)% | 54.40% | (8.22)% | 11.62% | (5.26)% | ||||||
Ratios to Average Net Assets A,E,F | ||||||||||||
Expenses before reductions | .01% G | -% H | -% H | -% H | -% H | -% H | ||||||
Expenses net of fee waivers, if any | .01% G | -% H | -% H | -% H | -% H | -% H | ||||||
Expenses net of all reductions | .01% G | -% H | -% H | -% H | -% H | -% H | ||||||
Net investment income (loss) | 2.46% G | 2.29% | 2.13% | 2.70% | 2.63% | 2.42% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,233,939 | $ | 5,407,197 | $ | 6,065,145 | $ | 3,914,417 | $ | 1,916,409 | $ | 1,385,499 |
Portfolio turnover rate I | 13% G,J | 19% J | 19% | 14% | 12% J | 36% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,503,494,430 |
Gross unrealized depreciation | (159,068,690) |
Net unrealized appreciation (depreciation) | $1,344,425,740 |
Tax cost | $4,660,501,204 |
Purchases ($) | Sales ($) | |
Fidelity Series Canada Fund | 328,270,984 | 779,433,480 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Canada Fund | 6,298,392 | 40,743,911 | 85,154,321 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Canada Fund | Borrower | $ 114,444,000 | 4.29% | $109,028 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Canada Fund | 28,087,225 | 18,885,418 | 2,623,097 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Canada Fund | 1,619,205 | 9,969,579 | 21,259,781 |
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 Series Canada Fund | $114,023 | $ - | $- |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Series Canada Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,084.00 | $ .05 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
- 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) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 4.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 3.9 | |
Sony Group Corp. (Japan, Household Durables) | 3.6 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 3.1 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.0 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.8 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.5 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 2.4 | |
ORIX Corp. (Japan, Financial Services) | 2.4 | |
Koninklijke KPN NV (Netherlands, Diversified Telecommunication Services) | 2.1 | |
30.2 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.9 | |
Health Care | 14.5 | |
Industrials | 11.8 | |
Consumer Discretionary | 11.2 | |
Information Technology | 10.6 | |
Consumer Staples | 10.5 | |
Materials | 6.3 | |
Utilities | 4.7 | |
Communication Services | 2.4 | |
Energy | 1.4 | |
Real Estate | 0.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.0% | |||
Shares | Value ($) | ||
Australia - 1.7% | |||
Bapcor Ltd. | 8,011 | 34,957 | |
EBOS Group Ltd. | 1,403 | 38,503 | |
TOTAL AUSTRALIA | 73,460 | ||
Austria - 2.0% | |||
Verbund AG | 607 | 54,110 | |
Wienerberger AG | 1,195 | 35,948 | |
TOTAL AUSTRIA | 90,058 | ||
Belgium - 2.2% | |||
KBC Group NV | 557 | 39,759 | |
UCB SA | 608 | 56,558 | |
TOTAL BELGIUM | 96,317 | ||
China - 0.9% | |||
Chervon Holdings Ltd. | 7,483 | 38,080 | |
Denmark - 5.8% | |||
Novo Nordisk A/S Series B | 1,164 | 193,637 | |
ORSTED A/S (a) | 458 | 41,071 | |
Vestas Wind Systems A/S | 797 | 22,053 | |
TOTAL DENMARK | 256,761 | ||
Finland - 1.4% | |||
Neste OYJ | 1,305 | 63,185 | |
France - 12.8% | |||
Air Liquide SA | 253 | 45,512 | |
AXA SA | 2,405 | 78,500 | |
BNP Paribas SA | 1,256 | 81,154 | |
Capgemini SA | 159 | 28,891 | |
Edenred SA | 400 | 25,970 | |
L'Oreal SA | 161 | 76,772 | |
LVMH Moet Hennessy Louis Vuitton SE | 128 | 123,121 | |
Pernod Ricard SA | 393 | 90,680 | |
Worldline SA (a)(b) | 356 | 15,448 | |
TOTAL FRANCE | 566,048 | ||
Germany - 9.0% | |||
Deutsche Borse AG | 339 | 64,650 | |
Deutsche Post AG | 990 | 47,619 | |
Gerresheimer AG | 139 | 15,117 | |
Merck KGaA | 455 | 81,497 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 175 | 65,659 | |
SAP SE | 236 | 31,935 | |
Siemens AG | 544 | 89,669 | |
TOTAL GERMANY | 396,146 | ||
Hong Kong - 4.3% | |||
AIA Group Ltd. | 10,003 | 108,903 | |
Hang Seng Bank Ltd. | 3,154 | 46,751 | |
Prudential PLC | 2,285 | 34,963 | |
TOTAL HONG KONG | 190,617 | ||
India - 1.4% | |||
HDFC Bank Ltd. sponsored ADR | 865 | 60,377 | |
Ireland - 2.6% | |||
CRH PLC | 1,436 | 69,691 | |
Dalata Hotel Group PLC (b) | 8,928 | 44,811 | |
TOTAL IRELAND | 114,502 | ||
Italy - 0.5% | |||
Carel Industries SpA (a) | 841 | 22,055 | |
Japan - 16.0% | |||
FUJIFILM Holdings Corp. | 1,427 | 74,375 | |
Fujitsu Ltd. | 334 | 44,515 | |
Hitachi Ltd. | 1,671 | 92,431 | |
Hoya Corp. | 734 | 76,964 | |
Itochu Corp. | 3,214 | 106,624 | |
ORIX Corp. | 6,150 | 104,627 | |
Persol Holdings Co. Ltd. | 1,196 | 24,661 | |
Sony Group Corp. | 1,775 | 160,591 | |
TIS, Inc. | 671 | 18,425 | |
TOTAL JAPAN | 703,213 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 84,934 | 10,304 | |
Korea (South) - 0.5% | |||
SK Hynix, Inc. | 316 | 21,270 | |
Netherlands - 7.4% | |||
ASML Holding NV (Netherlands) | 206 | 130,180 | |
BE Semiconductor Industries NV | 124 | 11,114 | |
Heineken NV (Bearer) | 334 | 38,294 | |
ING Groep NV (Certificaten Van Aandelen) | 4,326 | 53,388 | |
Koninklijke KPN NV | 25,909 | 94,487 | |
TOTAL NETHERLANDS | 327,463 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 7,135 | 34,605 | |
Norway - 2.1% | |||
DNB Bank ASA | 5,029 | 88,339 | |
Schibsted ASA (A Shares) | 193 | 3,419 | |
TOTAL NORWAY | 91,758 | ||
Singapore - 0.9% | |||
United Overseas Bank Ltd. | 1,760 | 37,379 | |
Spain - 1.4% | |||
CaixaBank SA | 3,467 | 12,833 | |
EDP Renovaveis SA | 404 | 8,975 | |
Iberdrola SA | 3,141 | 40,701 | |
TOTAL SPAIN | 62,509 | ||
Sweden - 3.4% | |||
Boliden AB | 2,059 | 73,525 | |
Instalco AB | 1,015 | 5,325 | |
Investor AB (B Shares) | 925 | 19,826 | |
Lagercrantz Group AB (B Shares) | 1,022 | 13,135 | |
Nibe Industrier AB (B Shares) | 3,408 | 38,051 | |
TOTAL SWEDEN | 149,862 | ||
Taiwan - 1.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 5,033 | 82,361 | |
United Kingdom - 13.0% | |||
AstraZeneca PLC (United Kingdom) | 1,177 | 173,211 | |
Barratt Developments PLC | 3,328 | 20,912 | |
Beazley PLC | 1,929 | 14,437 | |
Big Yellow Group PLC | 451 | 6,938 | |
Bunzl PLC | 362 | 14,394 | |
Compass Group PLC | 2,660 | 70,173 | |
Diageo PLC | 1,752 | 79,919 | |
Endava PLC ADR (b) | 163 | 9,384 | |
Grainger Trust PLC | 6,531 | 21,225 | |
Impax Asset Management Group PLC | 492 | 4,848 | |
National Grid PLC | 2,102 | 30,138 | |
NatWest Group PLC | 15,726 | 51,803 | |
Reckitt Benckiser Group PLC | 492 | 39,758 | |
Renewi PLC (b) | 682 | 5,143 | |
Smart Metering Systems PLC | 3,116 | 31,054 | |
TOTAL UNITED KINGDOM | 573,337 | ||
United States of America - 4.8% | |||
Ferguson PLC | 147 | 20,682 | |
Linde PLC | 140 | 51,723 | |
Nestle SA (Reg. S) | 1,079 | 138,424 | |
TOTAL UNITED STATES OF AMERICA | 210,829 | ||
TOTAL COMMON STOCKS (Cost $3,995,346) | 4,272,496 | ||
Money Market Funds - 3.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) (Cost $163,209) | 163,176 | 163,209 | |
TOTAL INVESTMENT IN SECURITIES - 100.7% (Cost $4,158,555) | 4,435,705 |
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (29,030) |
NET ASSETS - 100.0% | 4,406,675 |
(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 $78,574 or 1.8% of net assets. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 102,083 | 1,278,339 | 1,217,213 | 3,053 | - | - | 163,209 | 0.0% |
Total | 102,083 | 1,278,339 | 1,217,213 | 3,053 | - | - | 163,209 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 108,210 | 13,723 | 94,487 | - |
Consumer Discretionary | 492,645 | 65,723 | 426,922 | - |
Consumer Staples | 463,847 | 205,746 | 258,101 | - |
Energy | 63,185 | 63,185 | - | - |
Financials | 1,009,614 | 388,051 | 621,563 | - |
Health Care | 635,487 | 153,172 | 482,315 | - |
Industrials | 519,761 | 136,704 | 383,057 | - |
Information Technology | 465,585 | 192,704 | 272,881 | - |
Materials | 276,399 | 161,196 | 115,203 | - |
Real Estate | 28,163 | 28,163 | - | - |
Utilities | 209,600 | 104,156 | 105,444 | - |
Money Market Funds | 163,209 | 163,209 | - | - |
Total Investments in Securities: | 4,435,705 | 1,675,732 | 2,759,973 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,995,346) | $ | 4,272,496 | ||
Fidelity Central Funds (cost $163,209) | 163,209 | |||
Total Investment in Securities (cost $4,158,555) | $ | 4,435,705 | ||
Cash | 39,062 | |||
Foreign currency held at value (cost $1,360) | 1,355 | |||
Receivable for investments sold | 6 | |||
Dividends receivable | 21,221 | |||
Reclaims receivable | 3,120 | |||
Distributions receivable from Fidelity Central Funds | 668 | |||
Prepaid expenses | 1 | |||
Receivable from investment adviser for expense reductions | 9,457 | |||
Total assets | 4,510,595 | |||
Liabilities | ||||
Payable for investments purchased | $ | 66,690 | ||
Accrued management fee | 2,398 | |||
Audit fee payable | 24,624 | |||
Custody fee payable | 10,208 | |||
Total Liabilities | 103,920 | |||
Net Assets | $ | 4,406,675 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,239,772 | ||
Total accumulated earnings (loss) | 166,903 | |||
Net Assets | $ | 4,406,675 | ||
Net Asset Value , offering price and redemption price per share ($4,406,675 ÷ 452,001 shares) | $ | 9.75 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 51,263 | ||
Income from Fidelity Central Funds | 3,053 | |||
Income before foreign taxes withheld | $ | 54,316 | ||
Less foreign taxes withheld | (6,481) | |||
Total Income | 47,835 | |||
Expenses | ||||
Management fee | $ | 11,337 | ||
Custodian fees and expenses | 14,321 | |||
Independent trustees' fees and expenses | 7 | |||
Registration fees | 28,007 | |||
Audit | 22,408 | |||
Legal | 2 | |||
Miscellaneous | 480 | |||
Total expenses before reductions | 76,562 | |||
Expense reductions | (64,240) | |||
Total expenses after reductions | 12,322 | |||
Net Investment income (loss) | 35,513 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (57,263) | |||
Foreign currency transactions | 1,765 | |||
Total net realized gain (loss) | (55,498) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 597,900 | |||
Assets and liabilities in foreign currencies | 113 | |||
Total change in net unrealized appreciation (depreciation) | 598,013 | |||
Net gain (loss) | 542,515 | |||
Net increase (decrease) in net assets resulting from operations | $ | 578,028 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | For the period April 14, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 35,513 | $ | 18,247 |
Net realized gain (loss) | (55,498) | (91,225) | ||
Change in net unrealized appreciation (depreciation) | 598,013 | (320,866) | ||
Net increase (decrease) in net assets resulting from operations | 578,028 | (393,844) | ||
Distributions to shareholders | (17,379) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 1,801,367 | 2,599,216 | ||
Reinvestment of distributions | 16,766 | - | ||
Cost of shares redeemed | (157,789) | (19,690) | ||
Net increase (decrease) in net assets resulting from share transactions | 1,660,344 | 2,579,526 | ||
Total increase (decrease) in net assets | 2,220,993 | 2,185,682 | ||
Net Assets | ||||
Beginning of period | 2,185,682 | - | ||
End of period | $ | 4,406,675 | $ | 2,185,682 |
Other Information | ||||
Shares | ||||
Sold | 196,167 | 273,624 | ||
Issued in reinvestment of distributions | 1,851 | - | ||
Redeemed | (17,271) | (2,370) | ||
Net increase (decrease) | 180,747 | 271,254 | ||
Fidelity SAI Sustainable International Equity Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 8.06 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .10 | .08 | ||
Net realized and unrealized gain (loss) | 1.65 | (2.02) | ||
Total from investment operations | 1.75 | (1.94) | ||
Distributions from net investment income | (.06) | - | ||
Total distributions | (.06) | - | ||
Net asset value, end of period | $ | 9.75 | $ | 8.06 |
Total Return D,E | 21.73% | (19.40)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 4.58% H | 5.78% H,I | ||
Expenses net of fee waivers, if any | .74% H | .75% H | ||
Expenses net of all reductions | .74% H | .68% H | ||
Net investment income (loss) | 2.12% H | 1.79% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 4,407 | $ | 2,186 |
Portfolio turnover rate J | 50% H | 51% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $381,729 |
Gross unrealized depreciation | (120,095) |
Net unrealized appreciation (depreciation) | $261,634 |
Tax cost | $4,174,071 |
Short-term | $(82,536) |
Total capital loss carryforward | $(82,536) |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable International Equity Fund | 2,410,187 | 803,960 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity SAI Sustainable International Equity Fund | 131,907 | 31,660 | 497 |
Fund | Affiliated % |
Fidelity SAI Sustainable International Equity Fund | 45% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® SAI Sustainable International Equity Fund | .74% | |||||||||
Actual | $ 1,000 | $ 1,217.30 | $ 4.07 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.12 | $ 3.71 | |||||||
- 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. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 8.9 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.4 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.3 | |
Reliance Industries Ltd. GDR (India, Oil, Gas & Consumable Fuels) | 2.6 | |
Wal-Mart de Mexico SA de CV Series V (Mexico, Consumer Staples Distribution & Retail) | 2.4 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 2.3 | |
LG Chemical Ltd. (Korea (South), Chemicals) | 1.9 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) (China, Insurance) | 1.8 | |
NetEase, Inc. ADR (China, Entertainment) | 1.8 | |
36.2 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.0 | |
Information Technology | 19.7 | |
Consumer Discretionary | 13.4 | |
Communication Services | 12.5 | |
Consumer Staples | 7.5 | |
Industrials | 5.4 | |
Health Care | 5.1 | |
Materials | 4.9 | |
Energy | 2.6 | |
Utilities | 1.7 | |
Asset Allocation (% of Fund's net assets) |
Futures - 3.3% |
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 - 92.1% | |||
Shares | Value ($) | ||
Brazil - 3.9% | |||
Azul SA sponsored ADR (a) | 1,565 | 10,188 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 35,999 | 19,920 | |
Localiza Rent a Car SA | 2,171 | 25,250 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 5 | 17 | |
Lojas Renner SA | 4,715 | 14,974 | |
Natura & Co. Holding SA | 3,753 | 8,322 | |
Pet Center Comercio e Participacoes SA | 11,337 | 14,024 | |
Raia Drogasil SA | 4,279 | 22,545 | |
TOTAL BRAZIL | 115,240 | ||
China - 31.1% | |||
Alibaba Group Holding Ltd. (a) | 8,488 | 89,749 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 109 | 9,231 | |
Baidu, Inc. sponsored ADR (a) | 92 | 11,096 | |
BeiGene Ltd. ADR (a) | 23 | 5,864 | |
Bilibili, Inc. ADR (a) | 566 | 11,524 | |
BYD Co. Ltd. (H Shares) | 596 | 18,074 | |
China Construction Bank Corp. (H Shares) | 103,359 | 69,098 | |
China Life Insurance Co. Ltd. (H Shares) | 6,492 | 12,472 | |
China Merchants Bank Co. Ltd. (H Shares) | 1,328 | 6,410 | |
China Resources Beer Holdings Co. Ltd. | 2,748 | 21,228 | |
Contemporary Amperex Technology Co. Ltd. | 219 | 7,345 | |
ENN Energy Holdings Ltd. | 1,892 | 25,942 | |
Haier Smart Home Co. Ltd. | 6,221 | 20,278 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 2,228 | 4,065 | |
JD.com, Inc. sponsored ADR | 522 | 18,646 | |
Kunlun Energy Co. Ltd. | 14,928 | 13,838 | |
Kweichow Moutai Co. Ltd. (A Shares) | 63 | 16,075 | |
Li Auto, Inc. ADR (a) | 556 | 13,066 | |
Li Ning Co. Ltd. | 999 | 7,144 | |
Meituan Class B (a)(b) | 2,946 | 50,348 | |
NetEase, Inc. ADR | 606 | 54,013 | |
New Horizon Health Ltd. (a)(b) | 3,071 | 11,020 | |
PDD Holdings, Inc. ADR (a) | 422 | 28,759 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 7,478 | 54,556 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 824 | 37,253 | |
Shenzhou International Group Holdings Ltd. | 1,949 | 18,720 | |
Silergy Corp. | 287 | 4,527 | |
Sinopharm Group Co. Ltd. (H Shares) | 2,000 | 7,085 | |
Sinotruk Hong Kong Ltd. | 12,215 | 18,667 | |
Sunny Optical Technology Group Co. Ltd. | 970 | 10,250 | |
Tencent Holdings Ltd. | 3,898 | 173,134 | |
Trip.com Group Ltd. ADR (a) | 904 | 32,101 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 456 | 11,167 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 2,763 | 16,475 | |
Zai Lab Ltd. ADR (a) | 329 | 11,508 | |
Zijin Mining Group Co. Ltd. (H Shares) | 4,357 | 7,377 | |
TOTAL CHINA | 928,105 | ||
Hungary - 0.6% | |||
OTP Bank PLC | 215 | 6,541 | |
Richter Gedeon PLC | 498 | 12,018 | |
TOTAL HUNGARY | 18,559 | ||
India - 13.7% | |||
Axis Bank Ltd. | 1,741 | 18,397 | |
Axis Bank Ltd. sponsored GDR (Reg. S) | 52 | 2,746 | |
Bharti Airtel Ltd. | 2,649 | 25,959 | |
HDFC Bank Ltd. sponsored ADR | 764 | 53,327 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 2,621 | 17,034 | |
Hindustan Unilever Ltd. | 900 | 27,118 | |
Housing Development Finance Corp. Ltd. | 1,031 | 35,165 | |
ICICI Bank Ltd. | 2,686 | 30,333 | |
Infosys Ltd. sponsored ADR | 2,233 | 34,701 | |
Larsen & Toubro Ltd. | 1,341 | 38,920 | |
NTPC Ltd. | 3,965 | 8,372 | |
Reliance Industries Ltd. | 851 | 25,299 | |
Reliance Industries Ltd. GDR (b) | 899 | 53,580 | |
SRF Ltd. | 205 | 6,395 | |
Tata Consultancy Services Ltd. | 193 | 7,639 | |
Tata Steel Ltd. | 6,818 | 9,049 | |
Ultratech Cement Ltd. | 151 | 13,993 | |
TOTAL INDIA | 408,027 | ||
Indonesia - 3.5% | |||
PT Bank Central Asia Tbk | 73,470 | 45,467 | |
PT Bank Mandiri (Persero) Tbk | 71,760 | 25,367 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 65,839 | 22,944 | |
PT Telkom Indonesia Persero Tbk | 38,409 | 11,125 | |
TOTAL INDONESIA | 104,903 | ||
Korea (South) - 13.1% | |||
Db Insurance Co. Ltd. | 276 | 17,357 | |
Hansol Chemical Co. Ltd. | 70 | 11,672 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 839 | 23,580 | |
Hyundai Motor Co. Ltd. | 271 | 40,159 | |
JYP Entertainment Corp. | 98 | 6,632 | |
KB Financial Group, Inc. | 313 | 11,622 | |
LG Chemical Ltd. | 104 | 57,793 | |
LG Energy Solution (a) | 27 | 11,772 | |
LG H & H Co. Ltd. | 13 | 6,073 | |
LG Innotek Co. Ltd. | 22 | 4,380 | |
NAVER Corp. | 74 | 10,725 | |
Samsung Electronics Co. Ltd. | 3,290 | 161,946 | |
SK Hynix, Inc. | 428 | 28,809 | |
TOTAL KOREA (SOUTH) | 392,520 | ||
Malaysia - 0.2% | |||
Press Metal Aluminium Holdings | 4,977 | 5,767 | |
Mexico - 5.3% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 1,019 | 6,114 | |
Grupo Aeroportuario Norte S.A.B. de CV | 2,944 | 32,362 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 5,682 | 49,136 | |
Wal-Mart de Mexico SA de CV Series V | 17,667 | 71,230 | |
TOTAL MEXICO | 158,842 | ||
Peru - 0.3% | |||
Credicorp Ltd. (United States) | 66 | 8,942 | |
Saudi Arabia - 1.1% | |||
Al Rajhi Bank | 430 | 8,805 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 332 | 25,404 | |
TOTAL SAUDI ARABIA | 34,209 | ||
Singapore - 1.4% | |||
Sea Ltd. ADR (a) | 541 | 41,208 | |
South Africa - 4.3% | |||
Absa Group Ltd. | 3,115 | 30,250 | |
Bid Corp. Ltd. | 960 | 21,848 | |
Gold Fields Ltd. sponsored ADR | 712 | 11,079 | |
Impala Platinum Holdings Ltd. | 1,432 | 13,942 | |
MTN Group Ltd. | 3,643 | 25,555 | |
Naspers Ltd. Class N | 146 | 26,029 | |
TOTAL SOUTH AFRICA | 128,703 | ||
Taiwan - 13.0% | |||
Chailease Holding Co. Ltd. | 3,229 | 23,501 | |
E.SUN Financial Holdings Co. Ltd. | 8,006 | 6,506 | |
eMemory Technology, Inc. | 328 | 19,598 | |
HIWIN Technologies Corp. | 2,754 | 21,139 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) GDR (Reg. S) | 3,092 | 21,180 | |
MediaTek, Inc. | 1,378 | 29,942 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 3,153 | 265,802 | |
TOTAL TAIWAN | 387,668 | ||
Thailand - 0.6% | |||
CP ALL PCL (For. Reg.) | 7,394 | 14,053 | |
Thai Beverage PCL | 7,749 | 3,724 | |
TOTAL THAILAND | 17,777 | ||
TOTAL COMMON STOCKS (Cost $2,719,500) | 2,750,470 | ||
Nonconvertible Preferred Stocks - 1.7% | |||
Shares | Value ($) | ||
Brazil - 1.7% | |||
Banco Bradesco SA (PN) | 2,162 | 6,003 | |
Itau Unibanco Holding SA | 8,736 | 45,398 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $52,651) | 51,401 | ||
Government Obligations - 0.3% | |||
Principal Amount (c) | Value ($) | ||
United States of America - 0.3% | |||
U.S. Treasury Bills, yield at date of purchase 4.74% 5/18/23 (d) (Cost $9,978) | 10,000 | 9,979 | |
Money Market Funds - 7.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) (Cost $223,332) | 223,287 | 223,332 | |
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $3,005,461) | 3,035,182 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (47,031) |
NET ASSETS - 100.0% | 2,988,151 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI Emerging Markets Index Contracts (United States) | 2 | Jun 2023 | 98,420 | (1,346) | (1,346) |
The notional amount of futures purchased as a percentage of Net Assets is 3.3% |
(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 $172,442 or 5.8% of net assets. |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $9,979. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 56,344 | 972,712 | 805,724 | 3,519 | - | - | 223,332 | 0.0% |
Total | 56,344 | 972,712 | 805,724 | 3,519 | - | - | 223,332 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 370,971 | 143,396 | 227,575 | - |
Consumer Discretionary | 401,302 | 156,830 | 244,472 | - |
Consumer Staples | 223,383 | 123,945 | 99,438 | - |
Energy | 78,879 | 53,580 | 25,299 | - |
Financials | 630,957 | 211,148 | 419,809 | - |
Health Care | 150,612 | 74,714 | 75,898 | - |
Industrials | 165,660 | 67,817 | 97,843 | - |
Information Technology | 588,774 | 321,683 | 267,091 | - |
Materials | 143,181 | 17,193 | 125,988 | - |
Utilities | 48,152 | - | 48,152 | - |
Government Obligations | 9,979 | - | 9,979 | - |
Money Market Funds | 223,332 | 223,332 | - | - |
Total Investments in Securities: | 3,035,182 | 1,393,638 | 1,641,544 | - |
Derivative Instruments: | ||||
Liabilities | ||||
Futures Contracts | (1,346) | (1,346) | - | - |
Total Liabilities | (1,346) | (1,346) | - | - |
Total Derivative Instruments: | (1,346) | (1,346) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (1,346) |
Total Equity Risk | 0 | (1,346) |
Total Value of Derivatives | 0 | (1,346) |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,782,129) | $ | 2,811,850 | ||
Fidelity Central Funds (cost $223,332) | 223,332 | |||
Total Investment in Securities (cost $3,005,461) | $ | 3,035,182 | ||
Cash | 2,862 | |||
Foreign currency held at value (cost $8,962) | 8,963 | |||
Dividends receivable | 2,510 | |||
Distributions receivable from Fidelity Central Funds | 766 | |||
Receivable for daily variation margin on futures contracts | 500 | |||
Prepaid expenses | 1 | |||
Receivable from investment adviser for expense reductions | 11,495 | |||
Other receivables | 18 | |||
Total assets | 3,062,297 | |||
Liabilities | ||||
Payable for investments purchased | $ | 31,088 | ||
Accrued management fee | 1,914 | |||
Audit fee payable | 27,088 | |||
Deferred independent trustees' fees payable | 13,826 | |||
Other payables and accrued expenses | 230 | |||
Total Liabilities | 74,146 | |||
Net Assets | $ | 2,988,151 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,153,611 | ||
Total accumulated earnings (loss) | (165,460) | |||
Net Assets | $ | 2,988,151 | ||
Net Asset Value , offering price and redemption price per share ($2,988,151 ÷ 331,213 shares) | $ | 9.02 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 22,070 | ||
Non-Cash dividends | 6,765 | |||
Interest | 194 | |||
Income from Fidelity Central Funds | 3,519 | |||
Income before foreign taxes withheld | $ | 32,548 | ||
Less foreign taxes withheld | (3,160) | |||
Total Income | 29,388 | |||
Expenses | ||||
Management fee | $ | 9,870 | ||
Custodian fees and expenses | 21,390 | |||
Independent trustees' fees and expenses | 6 | |||
Registration fees | 30,109 | |||
Audit | 25,259 | |||
Legal | 2 | |||
Miscellaneous | 2 | |||
Total expenses before reductions | 86,638 | |||
Expense reductions | (74,821) | |||
Total expenses after reductions | 11,817 | |||
Net Investment income (loss) | 17,571 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (78,681) | |||
Foreign currency transactions | (3,200) | |||
Futures contracts | 8,939 | |||
Total net realized gain (loss) | (72,942) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $233) | 410,835 | |||
Assets and liabilities in foreign currencies | (16) | |||
Futures contracts | (1,346) | |||
Total change in net unrealized appreciation (depreciation) | 409,473 | |||
Net gain (loss) | 336,531 | |||
Net increase (decrease) in net assets resulting from operations | $ | 354,102 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | For the period April 14, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 17,571 | $ | 12,746 |
Net realized gain (loss) | (72,942) | (131,753) | ||
Change in net unrealized appreciation (depreciation) | 409,473 | (381,337) | ||
Net increase (decrease) in net assets resulting from operations | 354,102 | (500,344) | ||
Distributions to shareholders | (19,218) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 961,168 | 2,279,784 | ||
Reinvestment of distributions | 18,756 | - | ||
Cost of shares redeemed | (98,928) | (7,169) | ||
Net increase (decrease) in net assets resulting from share transactions | 880,996 | 2,272,615 | ||
Total increase (decrease) in net assets | 1,215,880 | 1,772,271 | ||
Net Assets | ||||
Beginning of period | 1,772,271 | - | ||
End of period | $ | 2,988,151 | $ | 1,772,271 |
Other Information | ||||
Shares | ||||
Sold | 106,977 | 233,926 | ||
Issued in reinvestment of distributions | 2,130 | - | ||
Redeemed | (10,942) | (878) | ||
Net increase (decrease) | 98,165 | 233,048 | ||
Fidelity SAI Sustainable Emerging Markets Equity Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 7.60 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .06 | .06 | ||
Net realized and unrealized gain (loss) | 1.44 | (2.46) | ||
Total from investment operations | 1.50 | (2.40) | ||
Distributions from net investment income | (.08) | - | ||
Total distributions | (.08) | - | ||
Net asset value, end of period | $ | 9.02 | $ | 7.60 |
Total Return D,E | 19.71% | (24.00)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 6.83% H | 6.38% H,I | ||
Expenses net of fee waivers, if any | .94% H | .96% H | ||
Expenses net of all reductions | .93% H | .96% H | ||
Net investment income (loss) | 1.38% H | 1.27% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 2,988 | $ | 1,772 |
Portfolio turnover rate J | 103% H | 74% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $175,698 |
Gross unrealized depreciation | (174,134) |
Net unrealized appreciation (depreciation) | $1,564 |
Tax cost | $3,032,272 |
Short-term | $(85,372) |
Long-term | (7,516) |
Total capital loss carryforward | $(92,888) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 1,958,197 | 1,215,176 |
Amount | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | $5 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 21,139 | 36,627 | (4,919) |
Fund | Affiliated % |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 61% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® SAI Sustainable Emerging Markets Equity Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,197.10 | $ 5.12 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.13 | $ 4.71 | |||||||
- 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) | ||
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 5.3 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 4.9 | |
Minebea Mitsumi, Inc. (Japan, Machinery) | 4.5 | |
Constellation Software, Inc. (Canada, Software) | 4.1 | |
Hannover Reuck SE (Germany, Insurance) | 3.9 | |
Investor AB (B Shares) (Sweden, Financial Services) | 3.8 | |
Indutrade AB (Sweden, Machinery) | 3.8 | |
Housing Development Finance Corp. Ltd. (India, Financial Services) | 3.5 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 3.4 | |
B&M European Value Retail SA (United Kingdom, Broadline Retail) | 3.3 | |
40.5 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.8 | |
Industrials | 21.3 | |
Information Technology | 19.1 | |
Consumer Discretionary | 10.1 | |
Energy | 6.0 | |
Health Care | 3.9 | |
Materials | 3.7 | |
Communication Services | 2.7 | |
Real Estate | 1.4 | |
Consumer Staples | 0.6 | |
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 - 91.6% | |||
Shares | Value ($) | ||
Australia - 1.8% | |||
Aristocrat Leisure Ltd. | 359,137 | 9,084,540 | |
Canada - 6.8% | |||
Constellation Software, Inc. | 10,836 | 21,209,080 | |
Lumine Group, Inc. | 32,512 | 437,941 | |
Tourmaline Oil Corp. | 302,879 | 13,607,591 | |
TOTAL CANADA | 35,254,612 | ||
China - 2.9% | |||
Anta Sports Products Ltd. | 398,089 | 4,946,744 | |
Chervon Holdings Ltd. | 526,600 | 2,679,800 | |
Kweichow Moutai Co. Ltd. (A Shares) | 11,800 | 3,010,823 | |
Li Ning Co. Ltd. | 635,337 | 4,543,688 | |
TOTAL CHINA | 15,181,055 | ||
France - 5.9% | |||
Capgemini SA | 51,685 | 9,391,336 | |
Edenred SA | 36,806 | 2,389,591 | |
Sartorius Stedim Biotech | 22,279 | 5,953,188 | |
Teleperformance | 63,574 | 12,665,436 | |
TOTAL FRANCE | 30,399,551 | ||
Germany - 3.9% | |||
Hannover Reuck SE | 93,982 | 20,048,977 | |
India - 8.0% | |||
Axis Bank Ltd. | 518,478 | 5,478,782 | |
Housing Development Finance Corp. Ltd. | 534,392 | 18,226,938 | |
Reliance Industries Ltd. | 584,671 | 17,381,387 | |
TOTAL INDIA | 41,087,107 | ||
Indonesia - 4.7% | |||
PT Bank Central Asia Tbk | 21,605,187 | 13,370,403 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 31,170,438 | 10,862,251 | |
TOTAL INDONESIA | 24,232,654 | ||
Ireland - 2.2% | |||
Kingspan Group PLC (Ireland) | 166,007 | 11,469,279 | |
Italy - 1.7% | |||
FinecoBank SpA | 438,676 | 6,636,767 | |
Reply SpA | 15,900 | 1,848,382 | |
TOTAL ITALY | 8,485,149 | ||
Japan - 21.3% | |||
Itochu Corp. | 763,666 | 25,334,513 | |
Keyence Corp. | 60,824 | 27,428,963 | |
Minebea Mitsumi, Inc. | 1,267,536 | 23,473,042 | |
Misumi Group, Inc. | 117,474 | 2,963,541 | |
Nomura Research Institute Ltd. | 249,371 | 6,274,062 | |
Olympus Corp. | 476,400 | 8,340,057 | |
Relo Group, Inc. | 152,001 | 2,363,067 | |
TIS, Inc. | 513,891 | 14,111,305 | |
TOTAL JAPAN | 110,288,550 | ||
Korea (South) - 2.8% | |||
Samsung Electronics Co. Ltd. | 295,104 | 14,526,078 | |
Luxembourg - 1.1% | |||
Eurofins Scientific SA | 83,693 | 5,833,920 | |
Netherlands - 3.2% | |||
BE Semiconductor Industries NV | 41,400 | 3,710,622 | |
IMCD NV | 86,510 | 12,983,315 | |
TOTAL NETHERLANDS | 16,693,937 | ||
Spain - 4.3% | |||
CaixaBank SA | 2,783,505 | 10,303,441 | |
Cellnex Telecom SA (a) | 287,432 | 12,102,034 | |
TOTAL SPAIN | 22,405,475 | ||
Sweden - 8.0% | |||
Indutrade AB | 815,006 | 19,526,670 | |
Investor AB (B Shares) | 915,204 | 19,615,881 | |
Nibe Industrier AB (B Shares) | 189,000 | 2,110,229 | |
TOTAL SWEDEN | 41,252,780 | ||
Switzerland - 2.3% | |||
Sika AG | 43,604 | 12,044,429 | |
United Kingdom - 9.3% | |||
B&M European Value Retail SA | 2,796,687 | 16,860,191 | |
Beazley PLC | 717,596 | 5,370,450 | |
Big Yellow Group PLC | 290,900 | 4,474,804 | |
Games Workshop Group PLC | 32,300 | 4,026,828 | |
JD Sports Fashion PLC | 4,935,057 | 9,988,535 | |
S4 Capital PLC (b) | 1,110,703 | 2,040,771 | |
Standard Chartered PLC (United Kingdom) | 679,100 | 5,363,136 | |
TOTAL UNITED KINGDOM | 48,124,715 | ||
Zambia - 1.4% | |||
First Quantum Minerals Ltd. | 294,268 | 7,150,092 | |
TOTAL COMMON STOCKS (Cost $452,926,235) | 473,562,900 | ||
Money Market Funds - 7.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) (Cost $40,734,424) | 40,726,279 | 40,734,424 | |
TOTAL INVESTMENT IN SECURITIES - 99.5% (Cost $493,660,659) | 514,297,324 |
NET OTHER ASSETS (LIABILITIES) - 0.5% | 2,787,722 |
NET ASSETS - 100.0% | 517,085,046 |
(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 $12,102,034 or 2.3% of net assets. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 43,600,978 | 82,200,147 | 85,066,701 | 704,834 | - | - | 40,734,424 | 0.1% |
Total | 43,600,978 | 82,200,147 | 85,066,701 | 704,834 | - | - | 40,734,424 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 14,142,805 | 2,040,771 | 12,102,034 | - |
Consumer Discretionary | 52,130,326 | 30,875,554 | 21,254,772 | - |
Consumer Staples | 3,010,823 | - | 3,010,823 | - |
Energy | 30,988,978 | 13,607,591 | 17,381,387 | - |
Financials | 117,666,617 | 59,424,802 | 58,241,815 | - |
Health Care | 20,127,165 | 11,787,108 | 8,340,057 | - |
Industrials | 110,526,025 | 58,754,929 | 51,771,096 | - |
Information Technology | 98,937,769 | 36,597,361 | 62,340,408 | - |
Materials | 19,194,521 | 7,150,092 | 12,044,429 | - |
Real Estate | 6,837,871 | 4,474,804 | 2,363,067 | - |
Money Market Funds | 40,734,424 | 40,734,424 | - | - |
Total Investments in Securities: | 514,297,324 | 265,447,436 | 248,849,888 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $452,926,235) | $ | 473,562,900 | ||
Fidelity Central Funds (cost $40,734,424) | 40,734,424 | |||
Total Investment in Securities (cost $493,660,659) | $ | 514,297,324 | ||
Foreign currency held at value (cost $122,672) | 122,674 | |||
Receivable for fund shares sold | 619,641 | |||
Dividends receivable | 1,551,442 | |||
Reclaims receivable | 743,132 | |||
Distributions receivable from Fidelity Central Funds | 146,257 | |||
Other receivables | 37,107 | |||
Total assets | 517,517,577 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 214,786 | ||
Distributions payable | 66 | |||
Deferred taxes | 217,509 | |||
Other payables and accrued expenses | 170 | |||
Total Liabilities | 432,531 | |||
Net Assets | $ | 517,085,046 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 552,382,286 | ||
Total accumulated earnings (loss) | (35,297,240) | |||
Net Assets | $ | 517,085,046 | ||
Net Asset Value , offering price and redemption price per share ($517,085,046 ÷ 47,063,015 shares) | $ | 10.99 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,047,973 | ||
Non-Cash dividends | 339,033 | |||
Income from Fidelity Central Funds | 704,834 | |||
Income before foreign taxes withheld | $ | 7,091,840 | ||
Less foreign taxes withheld | (852,271) | |||
Total Income | 6,239,569 | |||
Expenses | ||||
Independent trustees' fees and expenses | $ | 1,513 | ||
Total expenses before reductions | 1,513 | |||
Expense reductions | (108) | |||
Total expenses after reductions | 1,405 | |||
Net Investment income (loss) | 6,238,164 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (17,392,210) | |||
Foreign currency transactions | 46,097 | |||
Total net realized gain (loss) | (17,346,113) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $21,245) | 80,527,763 | |||
Assets and liabilities in foreign currencies | 41,684 | |||
Total change in net unrealized appreciation (depreciation) | 80,569,447 | |||
Net gain (loss) | 63,223,334 | |||
Net increase (decrease) in net assets resulting from operations | $ | 69,461,498 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 6,238,164 | $ | 7,825,590 |
Net realized gain (loss) | (17,346,113) | (43,209,211) | ||
Change in net unrealized appreciation (depreciation) | 80,569,447 | (176,966,374) | ||
Net increase (decrease) in net assets resulting from operations | 69,461,498 | (212,349,995) | ||
Distributions to shareholders | (6,168,884) | (34,086,499) | ||
Share transactions | ||||
Proceeds from sales of shares | 77,260,440 | 318,466,891 | ||
Reinvestment of distributions | 1,847,861 | 10,192,289 | ||
Cost of shares redeemed | (64,022,911) | (227,226,081) | ||
Net increase (decrease) in net assets resulting from share transactions | 15,085,390 | 101,433,099 | ||
Total increase (decrease) in net assets | 78,378,004 | (145,003,395) | ||
Net Assets | ||||
Beginning of period | 438,707,042 | 583,710,437 | ||
End of period | $ | 517,085,046 | $ | 438,707,042 |
Other Information | ||||
Shares | ||||
Sold | 7,320,533 | 28,001,783 | ||
Issued in reinvestment of distributions | 177,850 | 704,861 | ||
Redeemed | (6,104,776) | (20,788,845) | ||
Net increase (decrease) | 1,393,607 | 7,917,799 | ||
Fidelity® SAI International SMA Completion Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.61 | $ | 15.46 | $ | 12.38 | $ | 10.47 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .14 | .18 | .19 | .17 D | .08 | |||||
Net realized and unrealized gain (loss) | 1.38 | (5.16) | 3.01 | 1.77 | .39 | |||||
Total from investment operations | 1.52 | (4.98) | 3.20 | 1.94 | .47 | |||||
Distributions from net investment income | (.14) | (.16) | (.12) | (.03) | - | |||||
Distributions from net realized gain | - | (.71) | - | - | - | |||||
Total distributions | (.14) | (.87) | (.12) | (.03) | - | |||||
Net asset value, end of period | $ | 10.99 | $ | 9.61 | $ | 15.46 | $ | 12.38 | $ | 10.47 |
Total Return E,F | 15.89% | (34.09)% | 26.03% | 18.57% | 4.70% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions I | -% J | -% | -% | -% | -% J | |||||
Expenses net of fee waivers, if any I | -% J | -% | -% | -% | -% J | |||||
Expenses net of all reductions I | -% J | -% | -% | -% | -% J | |||||
Net investment income (loss) | 2.59% J | 1.56% | 1.30% | 1.45% D | 1.41% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 517,085 | $ | 438,707 | $ | 583,710 | $ | 318,362 | $ | 46,836 |
Portfolio turnover rate K | 37% J | 40% | 37% | 17% | 24% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $61,407,090 |
Gross unrealized depreciation | (44,310,335) |
Net unrealized appreciation (depreciation) | $17,096,755 |
Tax cost | $497,200,569 |
Short-term | $(14,508,749) |
Long-term | (23,763,343) |
Total capital loss carryforward | $(38,272,092) |
Purchases ($) | Sales ($) | |
Fidelity SAI International SMA Completion Fund | 85,484,786 | 82,873,028 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity SAI International SMA Completion Fund | 5,407,937 | 7,806,027 | (1,673,200) |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® SAI International SMA Completion Fund | -%- D | |||||||||
Actual | $ 1,000 | $ 1,158.90 | $- E | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.79 | $- E | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.1 | |
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.4 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.0 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.0 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.7 | |
Linde PLC (United States of America, Chemicals) | 1.6 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.5 | |
Hoya Corp. (Japan, Health Care Equipment & Supplies) | 1.5 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 1.4 | |
19.9 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.3 | |
Industrials | 19.9 | |
Information Technology | 12.9 | |
Health Care | 11.2 | |
Consumer Discretionary | 10.0 | |
Consumer Staples | 6.6 | |
Materials | 6.3 | |
Energy | 3.9 | |
Communication Services | 0.7 | |
Real Estate | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.1% | |||
Shares | Value ($) | ||
Australia - 1.5% | |||
Aristocrat Leisure Ltd. | 416,842 | 10,544,216 | |
Flutter Entertainment PLC (a) | 93,543 | 18,709,700 | |
Glencore PLC | 6,431,464 | 37,962,574 | |
TOTAL AUSTRALIA | 67,216,490 | ||
Belgium - 0.9% | |||
KBC Group NV | 544,135 | 38,840,945 | |
Canada - 6.3% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 530,800 | 26,492,007 | |
Cameco Corp. | 367,129 | 10,093,778 | |
Canadian Natural Resources Ltd. | 949,025 | 57,830,390 | |
Canadian Pacific Kansas City Ltd. (b) | 293,431 | 23,134,100 | |
Constellation Software, Inc. | 23,095 | 45,203,368 | |
Franco-Nevada Corp. | 167,775 | 25,457,567 | |
GFL Environmental, Inc. (b) | 837,257 | 30,392,429 | |
Imperial Oil Ltd. | 364,609 | 18,585,008 | |
Lumine Group, Inc. | 65,474 | 881,943 | |
Thomson Reuters Corp. | 151,071 | 19,865,527 | |
Tourmaline Oil Corp. | 365,426 | 16,417,670 | |
TOTAL CANADA | 274,353,787 | ||
China - 1.9% | |||
Anta Sports Products Ltd. | 1,205,164 | 14,975,642 | |
Chervon Holdings Ltd. | 1,336,744 | 6,802,520 | |
Haier Smart Home Co. Ltd. (A Shares) | 548,502 | 1,885,965 | |
Kweichow Moutai Co. Ltd. (A Shares) | 46,851 | 11,954,244 | |
Li Ning Co. Ltd. | 1,836,085 | 13,130,979 | |
NXP Semiconductors NV | 181,287 | 29,683,933 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 197,600 | 1,769,885 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 42,688 | 1,929,913 | |
Sunny Optical Technology Group Co. Ltd. | 152,275 | 1,609,137 | |
TOTAL CHINA | 83,742,218 | ||
Denmark - 3.6% | |||
Carlsberg A/S Series B | 99,761 | 16,480,585 | |
DSV A/S | 277,784 | 52,173,046 | |
Novo Nordisk A/S Series B | 521,475 | 86,749,713 | |
TOTAL DENMARK | 155,403,344 | ||
France - 10.7% | |||
Air Liquide SA | 97,491 | 17,537,679 | |
Airbus Group NV (b) | 329,541 | 46,147,150 | |
AXA SA | 915,734 | 29,889,714 | |
BNP Paribas SA | 814,637 | 52,636,458 | |
Capgemini SA | 231,162 | 42,002,900 | |
Edenred SA | 156,667 | 10,171,440 | |
EssilorLuxottica SA | 225,280 | 44,533,544 | |
Legrand SA | 238,846 | 22,554,904 | |
LVMH Moet Hennessy Louis Vuitton SE | 139,189 | 133,883,304 | |
Pernod Ricard SA | 242,719 | 56,004,463 | |
Sartorius Stedim Biotech | 23,652 | 6,320,069 | |
Teleperformance | 17,879 | 3,561,917 | |
TOTAL FRANCE | 465,243,542 | ||
Germany - 5.8% | |||
Allianz SE | 241,443 | 60,627,992 | |
Bayer AG | 181,178 | 11,957,072 | |
Deutsche Borse AG | 198,961 | 37,943,583 | |
Deutsche Post AG | 835,451 | 40,184,857 | |
Hannover Reuck SE | 123,152 | 26,271,750 | |
Infineon Technologies AG | 108,964 | 3,968,117 | |
Merck KGaA | 194,396 | 34,819,015 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 60,500 | 22,699,415 | |
Siemens Healthineers AG (c) | 247,333 | 15,376,494 | |
TOTAL GERMANY | 253,848,295 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 2,022,138 | 4,768,335 | |
Hong Kong - 2.5% | |||
AIA Group Ltd. | 8,144,676 | 88,671,704 | |
Prudential PLC | 630,021 | 9,639,977 | |
Techtronic Industries Co. Ltd. | 938,086 | 10,148,673 | |
TOTAL HONG KONG | 108,460,354 | ||
India - 3.4% | |||
Axis Bank Ltd. | 1,195,509 | 12,633,001 | |
Fairfax India Holdings Corp. (a)(c) | 600,679 | 7,808,827 | |
HDFC Bank Ltd. | 2,924,094 | 60,520,049 | |
Housing Development Finance Corp. Ltd. | 1,181,463 | 40,297,110 | |
Reliance Industries Ltd. | 877,811 | 26,095,997 | |
TOTAL INDIA | 147,354,984 | ||
Indonesia - 1.0% | |||
PT Bank Central Asia Tbk | 36,811,721 | 22,780,990 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 64,767,442 | 22,570,109 | |
TOTAL INDONESIA | 45,351,099 | ||
Ireland - 0.9% | |||
CRH PLC | 161,695 | 7,802,427 | |
Kingspan Group PLC (Ireland) | 318,550 | 22,008,342 | |
Ryanair Holdings PLC sponsored ADR (a) | 109,577 | 10,474,465 | |
TOTAL IRELAND | 40,285,234 | ||
Israel - 0.7% | |||
NICE Ltd. sponsored ADR (a) | 140,578 | 28,679,318 | |
Italy - 1.3% | |||
FinecoBank SpA | 1,527,140 | 23,104,234 | |
Reply SpA | 33,926 | 3,943,913 | |
UniCredit SpA | 1,414,682 | 28,032,603 | |
TOTAL ITALY | 55,080,750 | ||
Japan - 15.6% | |||
Bandai Namco Holdings, Inc. | 188,238 | 4,275,905 | |
Daikin Industries Ltd. | 115,533 | 20,984,382 | |
FUJIFILM Holdings Corp. | 595,346 | 31,029,417 | |
Fujitsu Ltd. | 92,064 | 12,270,042 | |
Hitachi Ltd. | 1,132,561 | 62,647,200 | |
Hoya Corp. | 630,834 | 66,146,126 | |
Itochu Corp. | 1,319,661 | 43,779,569 | |
Keyence Corp. | 111,086 | 50,094,931 | |
Minebea Mitsumi, Inc. | 1,742,438 | 32,267,581 | |
Misumi Group, Inc. | 741,820 | 18,714,047 | |
Nomura Research Institute Ltd. | 466,723 | 11,742,540 | |
Olympus Corp. | 480,775 | 8,416,648 | |
ORIX Corp. | 1,521,748 | 25,888,773 | |
Persol Holdings Co. Ltd. | 996,068 | 20,538,340 | |
Relo Group, Inc. | 761,752 | 11,842,492 | |
Renesas Electronics Corp. (a) | 321,706 | 4,192,617 | |
Seven & i Holdings Co. Ltd. | 485,933 | 22,021,245 | |
Shin-Etsu Chemical Co. Ltd. | 1,987,585 | 56,717,371 | |
SMC Corp. | 74,082 | 36,948,014 | |
Sony Group Corp. | 611,330 | 55,309,316 | |
Sumitomo Mitsui Financial Group, Inc. | 680,190 | 27,801,840 | |
Suzuki Motor Corp. | 282,292 | 9,843,092 | |
TIS, Inc. | 631,539 | 17,341,887 | |
Tokyo Electron Ltd. | 269,070 | 30,809,997 | |
TOTAL JAPAN | 681,623,372 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 708,509 | 34,875,355 | |
Luxembourg - 0.5% | |||
Eurofins Scientific SA | 308,399 | 21,497,320 | |
Netherlands - 5.6% | |||
Adyen BV (a)(c) | 8,821 | 14,174,039 | |
Argenx SE (a) | 39,214 | 15,126,730 | |
ASML Holding NV (depository receipt) (b) | 184,075 | 117,230,005 | |
BE Semiconductor Industries NV | 75,868 | 6,799,939 | |
IMCD NV | 219,450 | 32,934,788 | |
Wolters Kluwer NV | 444,916 | 58,903,891 | |
TOTAL NETHERLANDS | 245,169,392 | ||
Singapore - 0.1% | |||
Sea Ltd. ADR (a) | 50,004 | 3,808,805 | |
Spain - 1.9% | |||
Amadeus IT Holding SA Class A (a) | 155,220 | 10,909,642 | |
Banco Santander SA (Spain) (b) | 5,038,383 | 17,690,792 | |
CaixaBank SA | 6,178,956 | 22,872,065 | |
Industria de Diseno Textil SA (b) | 939,826 | 32,269,117 | |
TOTAL SPAIN | 83,741,616 | ||
Sweden - 2.0% | |||
Indutrade AB | 1,608,931 | 38,548,261 | |
Investor AB (B Shares) | 2,046,188 | 43,856,648 | |
Kry International AB (a)(d)(e) | 663 | 51,826 | |
Nibe Industrier AB (B Shares) | 275,620 | 3,077,361 | |
TOTAL SWEDEN | 85,534,096 | ||
Switzerland - 1.7% | |||
Compagnie Financiere Richemont SA Series A | 110,580 | 18,278,970 | |
Julius Baer Group Ltd. | 87,275 | 6,221,584 | |
Sika AG | 120,787 | 33,364,150 | |
Zurich Insurance Group Ltd. | 35,934 | 17,358,954 | |
TOTAL SWITZERLAND | 75,223,658 | ||
Taiwan - 1.1% | |||
ECLAT Textile Co. Ltd. | 293,000 | 4,662,774 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 531,882 | 44,837,653 | |
TOTAL TAIWAN | 49,500,427 | ||
United Kingdom - 12.2% | |||
AstraZeneca PLC (United Kingdom) | 506,824 | 74,585,733 | |
B&M European Value Retail SA | 5,368,397 | 32,364,078 | |
BAE Systems PLC | 4,448,185 | 56,669,805 | |
Beazley PLC | 1,741,093 | 13,030,246 | |
Big Yellow Group PLC | 736,587 | 11,330,638 | |
Compass Group PLC | 1,186,394 | 31,298,213 | |
Diageo PLC | 1,021,123 | 46,579,658 | |
Entain PLC | 606,997 | 11,015,460 | |
Games Workshop Group PLC | 54,792 | 6,830,897 | |
Hiscox Ltd. | 1,737,971 | 25,817,186 | |
JD Sports Fashion PLC | 7,550,541 | 15,282,264 | |
Lloyds Banking Group PLC | 17,611,787 | 10,699,545 | |
NatWest Group PLC | 3,054,961 | 10,063,345 | |
RELX PLC: | |||
(Euronext N.V.) | 2,036,979 | 67,605,760 | |
rights (a)(f) | 2,036,979 | 984,975 | |
Rentokil Initial PLC | 4,912,010 | 39,105,762 | |
S4 Capital PLC (a) | 1,840,680 | 3,382,007 | |
Smith & Nephew PLC | 1,669,503 | 27,496,322 | |
Standard Chartered PLC (United Kingdom) | 1,957,852 | 15,461,974 | |
Starling Bank Ltd. Series D (a)(d)(e) | 2,406,800 | 9,134,733 | |
WPP PLC | 2,002,673 | 23,339,990 | |
TOTAL UNITED KINGDOM | 532,078,591 | ||
United States of America - 11.5% | |||
Aon PLC | 67,102 | 21,820,228 | |
Booking Holdings, Inc. (a) | 1,669 | 4,483,451 | |
Experian PLC | 561,190 | 19,868,866 | |
Ferguson PLC | 272,129 | 38,286,690 | |
ICON PLC (a) | 100,730 | 19,409,664 | |
IQVIA Holdings, Inc. (a) | 92,167 | 17,348,594 | |
Linde PLC | 189,887 | 70,153,752 | |
Marsh & McLennan Companies, Inc. | 208,784 | 37,620,789 | |
Marvell Technology, Inc. | 536,171 | 21,168,031 | |
MasterCard, Inc. Class A | 71,842 | 27,302,115 | |
Nestle SA (Reg. S) | 803,387 | 103,066,176 | |
Roche Holding AG (participation certificate) | 146,468 | 45,865,020 | |
S&P Global, Inc. | 93,493 | 33,898,692 | |
Schlumberger Ltd. | 856,423 | 42,264,475 | |
TOTAL UNITED STATES OF AMERICA | 502,556,543 | ||
Zambia - 0.5% | |||
First Quantum Minerals Ltd. | 960,877 | 23,347,286 | |
TOTAL COMMON STOCKS (Cost $3,269,304,105) | 4,107,585,156 | ||
Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.3% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(d)(e) | 21,668 | 2,824,050 | |
United States of America - 0.2% | |||
Wasabi Holdings, Inc.: | |||
Series C (a)(d)(e) | 743,562 | 7,145,631 | |
Series D (d)(e) | 304,085 | 4,278,476 | |
11,424,107 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 14,248,157 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 3,828 | 299,230 | |
TOTAL PREFERRED STOCKS (Cost $19,777,817) | 14,547,387 | ||
Money Market Funds - 8.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (g) | 206,929,732 | 206,971,118 | |
Fidelity Securities Lending Cash Central Fund 4.88% (g)(h) | 179,019,353 | 179,037,255 | |
TOTAL MONEY MARKET FUNDS (Cost $386,007,751) | 386,008,373 | ||
TOTAL INVESTMENT IN SECURITIES - 103.3% (Cost $3,675,089,673) | 4,508,140,916 |
NET OTHER ASSETS (LIABILITIES) - (3.3)% | (143,944,291) |
NET ASSETS - 100.0% | 4,364,196,625 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $37,359,360 or 0.9% of net assets. |
(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 $23,733,946 or 0.5% of net assets. |
(e) | Level 3 security |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 5,629,271 |
Kry International AB | 5/14/21 | 287,945 |
Kry International AB Series E | 5/14/21 | 1,750,058 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 4,642,638 |
Wasabi Holdings, Inc. Series C | 3/31/21 | 8,078,504 |
Wasabi Holdings, Inc. Series D | 9/09/22 | 4,319,984 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 165,418,854 | 281,890,502 | 240,338,237 | 4,000,777 | - | (1) | 206,971,118 | 0.5% |
Fidelity Securities Lending Cash Central Fund 4.88% | 39,190,867 | 614,436,806 | 474,590,418 | 146,164 | - | - | 179,037,255 | 0.5% |
Total | 204,609,721 | 896,327,308 | 714,928,655 | 4,146,941 | - | (1) | 386,008,373 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 30,530,802 | 7,190,812 | 23,339,990 | - |
Consumer Discretionary | 436,755,505 | 120,954,967 | 315,800,538 | - |
Consumer Staples | 282,598,378 | 98,977,055 | 183,621,323 | - |
Energy | 171,287,318 | 145,191,321 | 26,095,997 | - |
Financials | 980,621,784 | 393,744,154 | 577,742,897 | 9,134,733 |
Health Care | 497,577,977 | 159,304,700 | 338,273,277 | - |
Industrials | 874,280,587 | 423,521,481 | 450,759,106 | - |
Information Technology | 552,964,256 | 340,431,003 | 197,934,040 | 14,599,213 |
Materials | 272,342,806 | 118,958,605 | 153,384,201 | - |
Real Estate | 23,173,130 | 11,330,638 | 11,842,492 | - |
Money Market Funds | 386,008,373 | 386,008,373 | - | - |
Total Investments in Securities: | 4,508,140,916 | 2,205,613,109 | 2,278,793,861 | 23,733,946 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $173,198,996) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,289,081,922) | $ | 4,122,132,543 | ||
Fidelity Central Funds (cost $386,007,751) | 386,008,373 | |||
Total Investment in Securities (cost $3,675,089,673) | $ | 4,508,140,916 | ||
Foreign currency held at value (cost $4,561,114) | 4,561,158 | |||
Receivable for investments sold | 38,602,311 | |||
Receivable for fund shares sold | 3,219,208 | |||
Dividends receivable | 11,453,134 | |||
Reclaims receivable | 10,771,532 | |||
Distributions receivable from Fidelity Central Funds | 807,260 | |||
Other receivables | 37,611 | |||
Total assets | 4,577,593,130 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 26,000,495 | ||
Delayed delivery | 984,977 | |||
Payable for fund shares redeemed | 1,748,519 | |||
Accrued management fee | 2,164,987 | |||
Other payables and accrued expenses | 3,460,272 | |||
Collateral on securities loaned | 179,037,255 | |||
Total Liabilities | 213,396,505 | |||
Net Assets | $ | 4,364,196,625 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,819,769,378 | ||
Total accumulated earnings (loss) | 544,427,247 | |||
Net Assets | $ | 4,364,196,625 | ||
Net Asset Value , offering price and redemption price per share ($4,364,196,625 ÷ 335,727,126 shares) | $ | 13.00 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 40,549,333 | ||
Income from Fidelity Central Funds (including $146,164 from security lending) | 4,146,941 | |||
Income before foreign taxes withheld | $ | 44,696,274 | ||
Less foreign taxes withheld | (4,474,420) | |||
Total Income | 40,221,854 | |||
Expenses | ||||
Management fee | $ | 12,150,553 | ||
Independent trustees' fees and expenses | 12,234 | |||
Total expenses before reductions | 12,162,787 | |||
Expense reductions | (259) | |||
Total expenses after reductions | 12,162,528 | |||
Net Investment income (loss) | 28,059,326 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $527,612) | (27,695,921) | |||
Foreign currency transactions | 85,191 | |||
Total net realized gain (loss) | (27,610,730) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $396,102) | 723,718,747 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 978,504 | |||
Total change in net unrealized appreciation (depreciation) | 724,697,250 | |||
Net gain (loss) | 697,086,520 | |||
Net increase (decrease) in net assets resulting from operations | $ | 725,145,846 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 28,059,326 | $ | 46,223,928 |
Net realized gain (loss) | (27,610,730) | (175,880,317) | ||
Change in net unrealized appreciation (depreciation) | 724,697,250 | (1,165,207,771) | ||
Net increase (decrease) in net assets resulting from operations | 725,145,846 | (1,294,864,160) | ||
Distributions to shareholders | (31,800,731) | (40,087,762) | ||
Share transactions | ||||
Proceeds from sales of shares | 515,021,512 | 1,845,177,962 | ||
Reinvestment of distributions | 31,800,731 | 40,087,762 | ||
Cost of shares redeemed | (359,387,981) | (1,028,832,082) | ||
Net increase (decrease) in net assets resulting from share transactions | 187,434,262 | 856,433,642 | ||
Total increase (decrease) in net assets | 880,779,377 | (478,518,280) | ||
Net Assets | ||||
Beginning of period | 3,483,417,248 | 3,961,935,528 | ||
End of period | $ | 4,364,196,625 | $ | 3,483,417,248 |
Other Information | ||||
Shares | ||||
Sold | 42,558,601 | 141,560,986 | ||
Issued in reinvestment of distributions | 2,652,271 | 2,683,250 | ||
Redeemed | (29,434,085) | (80,800,526) | ||
Net increase (decrease) | 15,776,787 | 63,443,710 | ||
Fidelity® Diversified International K6 Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.89 | $ | 15.45 | $ | 11.96 | $ | 11.08 | $ | 9.69 | $ | 10.65 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .15 | .10 | .08 | .16 | .18 | ||||||
Net realized and unrealized gain (loss) | 2.12 | (4.56) | 3.47 | .98 | 1.36 | (1.12) | ||||||
Total from investment operations | 2.21 | (4.41) | 3.57 | 1.06 | 1.52 | (.94) | ||||||
Distributions from net investment income | (.10) | (.15) | (.08) | (.15) | (.13) | (.02) | ||||||
Distributions from net realized gain | - | - | - | (.03) | - | (.01) | ||||||
Total distributions | (.10) | (.15) | (.08) | (.18) | (.13) | (.02) C | ||||||
Net asset value, end of period | $ | 13.00 | $ | 10.89 | $ | 15.45 | $ | 11.96 | $ | 11.08 | $ | 9.69 |
Total Return D,E | 20.36% | (28.81)% | 30.00% | 9.70% | 15.89% | (8.83)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .60% H | .60% | .60% | .60% | .60% | .60% | ||||||
Expenses net of fee waivers, if any | .60% H | .60% | .60% | .60% | .60% | .60% | ||||||
Expenses net of all reductions | .60% H | .60% | .60% | .59% | .59% | .58% | ||||||
Net investment income (loss) | 1.39% H | 1.21% | .73% | .73% | 1.59% | 1.67% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,364,197 | $ | 3,483,417 | $ | 3,961,936 | $ | 3,102,294 | $ | 2,977,388 | $ | 2,207,355 |
Portfolio turnover rate I | 28% H,J | 31% J | 30% J | 34% | 48% J | 48% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $932,612,298 |
Gross unrealized depreciation | (103,024,100) |
Net unrealized appreciation (depreciation) | $829,588,198 |
Tax cost | $3,678,552,718 |
Short-term | $(264,515,026) |
Long-term | (12,124,417) |
Total capital loss carryforward | $(276,639,443) |
Purchases ($) | Sales ($) | |
Fidelity Diversified International K6 Fund | 535,447,334 | 582,674,817 |
Shares | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 13,582,263 | 161,449,478 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 4,786,586 | 30,753,342 | 72,038,115 |
Shares | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 75,623,497 | 961,127,384 |
Amount | |
Fidelity Diversified International K6 Fund | $ 877 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Diversified International K6 Fund | 22,270,884 | 18,464,101 | (671,221) |
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 Diversified International K6 Fund | $16,175 | $ - | $- |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Diversified International K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 1,203.60 | $ 3.28 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.82 | $ 3.01 | |||||||
- 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) | ||
Lancashire Holdings Ltd. (United Kingdom, Insurance) | 1.0 | |
Daiichikosho Co. Ltd. (Japan, Entertainment) | 0.9 | |
AAK AB (Sweden, Food Products) | 0.9 | |
Steadfast Group Ltd. (Australia, Insurance) | 0.9 | |
VZ Holding AG (Switzerland, Capital Markets) | 0.8 | |
Sembcorp Industries Ltd. (Singapore, Multi-Utilities) | 0.8 | |
Munters Group AB (Sweden, Building Products) | 0.8 | |
Mitie Group PLC (United Kingdom, Commercial Services & Supplies) | 0.8 | |
Rexel SA (France, Trading Companies & Distributors) | 0.8 | |
Rovio Entertainment OYJ (Finland, Entertainment) | 0.8 | |
8.5 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 23.5 | |
Consumer Discretionary | 14.4 | |
Financials | 10.5 | |
Information Technology | 9.8 | |
Real Estate | 8.8 | |
Materials | 8.1 | |
Consumer Staples | 6.6 | |
Communication Services | 6.4 | |
Health Care | 6.1 | |
Energy | 2.3 | |
Utilities | 1.9 | |
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 - 97.8% | |||
Shares | Value ($) | ||
Australia - 8.0% | |||
29Metals Ltd. | 3,273 | 2,589 | |
ALS Ltd. | 890 | 7,768 | |
Ansell Ltd. | 270 | 4,805 | |
Aurizon Holdings Ltd. | 2,153 | 4,895 | |
Beach Energy Ltd. | 4,620 | 4,547 | |
Challenger Ltd. | 953 | 3,835 | |
Flight Centre Travel Group Ltd. (a) | 592 | 7,774 | |
GUD Holdings Ltd. | 1,090 | 6,953 | |
IGO Ltd. | 534 | 4,918 | |
Incitec Pivot Ltd. | 2,753 | 5,866 | |
Iress Ltd. | 669 | 4,597 | |
McMillan Shakespeare Ltd. | 754 | 7,702 | |
National Storage REIT unit | 4,732 | 7,882 | |
Red 5 Ltd. (a) | 30,304 | 3,413 | |
Steadfast Group Ltd. | 2,580 | 10,171 | |
Treasury Wine Estates Ltd. | 809 | 7,494 | |
TOTAL AUSTRALIA | 95,209 | ||
Austria - 1.7% | |||
AT&S Austria Technologie & Systemtechnik AG | 97 | 2,961 | |
Schoeller-Bleckmann Oilfield Equipment AG | 97 | 6,092 | |
Wienerberger AG | 268 | 8,062 | |
Zumtobel AG | 440 | 3,452 | |
TOTAL AUSTRIA | 20,567 | ||
Bailiwick of Jersey - 0.6% | |||
JTC PLC (b) | 725 | 7,225 | |
Belgium - 1.7% | |||
Azelis Group NV | 277 | 6,562 | |
Econocom Group SA | 1,921 | 6,594 | |
Fagron NV | 406 | 7,543 | |
TOTAL BELGIUM | 20,699 | ||
Finland - 1.6% | |||
Huhtamaki Oyj | 173 | 6,222 | |
Musti Group OYJ | 156 | 3,230 | |
Rovio Entertainment OYJ (b) | 885 | 9,084 | |
TOTAL FINLAND | 18,536 | ||
France - 6.3% | |||
Altarea SCA | 43 | 5,629 | |
ALTEN | 48 | 8,145 | |
Euroapi SASU | 303 | 3,638 | |
Exclusive Networks SA | 344 | 7,429 | |
Ipsos SA | 157 | 8,505 | |
Nexans SA | 55 | 4,718 | |
Rexel SA | 413 | 9,557 | |
SEB SA | 50 | 5,719 | |
Ubisoft Entertainment SA (a) | 150 | 4,393 | |
Vallourec SA (a) | 514 | 5,854 | |
Vicat SA | 127 | 3,701 | |
Virbac SA | 23 | 7,844 | |
TOTAL FRANCE | 75,132 | ||
Germany - 5.3% | |||
Bilfinger Berger AG | 151 | 6,522 | |
CTS Eventim AG | 118 | 7,749 | |
DIC Asset AG rights (a)(c) | 310 | 256 | |
Gerresheimer AG | 60 | 6,525 | |
Lanxess AG | 140 | 5,686 | |
Mensch und Maschine Software SE | 82 | 4,662 | |
Patrizia Immobilien AG | 474 | 5,087 | |
PVA TePla AG (a) | 189 | 4,040 | |
SAF-Holland SA | 623 | 8,602 | |
Stabilus Se | 116 | 7,567 | |
Takkt AG | 400 | 6,400 | |
TOTAL GERMANY | 63,096 | ||
Hong Kong - 2.3% | |||
ASMPT Ltd. | 469 | 3,687 | |
Dah Sing Financial Holdings Ltd. | 1,207 | 3,092 | |
Fortune (REIT) | 4,496 | 3,761 | |
Hysan Development Co. Ltd. | 2,024 | 5,720 | |
Luk Fook Holdings International Ltd. | 2,386 | 7,646 | |
Melco International Development Ltd. (a) | 3,000 | 3,491 | |
TOTAL HONG KONG | 27,397 | ||
Ireland - 2.3% | |||
Bank of Ireland Group PLC | 775 | 8,002 | |
C&C Group PLC (United Kingdom) (a) | 3,268 | 6,423 | |
Dalata Hotel Group PLC (a) | 1,560 | 7,830 | |
Uniphar PLC | 1,750 | 5,843 | |
TOTAL IRELAND | 28,098 | ||
Israel - 1.3% | |||
Bezeq The Israel Telecommunication Corp. Ltd. | 3,530 | 4,782 | |
Nova Ltd. (a) | 80 | 7,323 | |
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. | 63 | 3,585 | |
TOTAL ISRAEL | 15,690 | ||
Italy - 2.7% | |||
Banca Generali SpA | 257 | 8,521 | |
Banco BPM SpA | 1,100 | 4,467 | |
Brembo SpA | 574 | 8,418 | |
Carel Industries SpA (b) | 244 | 6,399 | |
GVS SpA (a)(b) | 739 | 5,028 | |
TOTAL ITALY | 32,833 | ||
Japan - 32.6% | |||
Aeon Delight Co. Ltd. | 200 | 4,432 | |
Anritsu Corp. | 441 | 4,038 | |
As One Corp. | 120 | 5,084 | |
ASKUL Corp. | 481 | 6,410 | |
Azbil Corp. | 196 | 5,481 | |
Bank of Kyoto Ltd. | 169 | 8,315 | |
Capcom Co. Ltd. | 203 | 7,628 | |
Cosmos Pharmaceutical Corp. | 61 | 6,000 | |
Daido Steel Co. Ltd. | 150 | 5,777 | |
Daiichikosho Co. Ltd. | 626 | 11,223 | |
Daiwa Securities Living Invest | 8 | 6,802 | |
Dowa Holdings Co. Ltd. | 162 | 5,293 | |
Food & Life Companies Ltd. | 251 | 6,046 | |
FP Corp. | 241 | 5,995 | |
Fujitec Co. Ltd. | 262 | 6,979 | |
Fukushima Industries Corp. | 180 | 6,788 | |
Fuyo General Lease Co. Ltd. | 110 | 8,050 | |
GMO Internet, Inc. | 180 | 3,621 | |
Haseko Corp. | 518 | 6,324 | |
Inaba Denki Sangyo Co. Ltd. | 400 | 8,934 | |
J. Front Retailing Co. Ltd. | 642 | 6,752 | |
JEOL Ltd. | 110 | 3,209 | |
JTOWER, Inc. (a) | 135 | 5,822 | |
Kamigumi Co. Ltd. | 398 | 8,723 | |
Kaneka Corp. | 298 | 7,928 | |
Kawasaki Heavy Industries Ltd. | 290 | 6,309 | |
Kissei Pharmaceutical Co. Ltd. | 365 | 7,395 | |
Koshidaka Holdings Co. Ltd. | 900 | 7,619 | |
Kyoritsu Maintenance Co. Ltd. | 148 | 5,974 | |
Kyushu Railway Co. | 260 | 5,904 | |
Maruwa Ceramic Co. Ltd. | 52 | 6,631 | |
Milbon Co. Ltd. | 162 | 6,830 | |
Mitsubishi Logisnext Co. Ltd. | 900 | 6,554 | |
Miura Co. Ltd. | 200 | 5,327 | |
Money Forward, Inc. (a) | 100 | 4,164 | |
Morinaga & Co. Ltd. | 222 | 6,579 | |
Nabtesco Corp. | 291 | 7,014 | |
Nagaileben Co. Ltd. | 290 | 4,511 | |
Net One Systems Co. Ltd. | 238 | 5,612 | |
Nikkiso Co. Ltd. | 978 | 6,869 | |
Nippon Gas Co. Ltd. | 343 | 4,823 | |
Okinawa Cellular Telephone Co. | 299 | 6,680 | |
PALTAC Corp. | 182 | 6,983 | |
Park24 Co. Ltd. (a) | 416 | 6,430 | |
Penta-Ocean Construction Co. Ltd. | 908 | 4,414 | |
Relo Group, Inc. | 388 | 6,032 | |
Resonac Holdings Corp. | 325 | 5,146 | |
Roland Corp. | 186 | 5,576 | |
Sanwa Holdings Corp. | 568 | 6,221 | |
SHIFT, Inc. (a) | 29 | 5,399 | |
SOSiLA Logistics REIT, Inc. | 5 | 4,972 | |
Stanley Electric Co. Ltd. | 358 | 8,076 | |
Sumco Corp. | 459 | 6,321 | |
Suruga Bank Ltd. | 1,988 | 7,541 | |
Tokyo Tatemono Co. Ltd. | 433 | 5,484 | |
Toyo Suisan Kaisha Ltd. | 170 | 7,590 | |
Tsumura & Co. | 219 | 4,444 | |
Tsuruha Holdings, Inc. | 69 | 4,519 | |
Valqua Ltd. | 348 | 8,755 | |
Workman Co. Ltd. | 183 | 7,455 | |
Yokogawa Electric Corp. | 348 | 5,652 | |
Zuken, Inc. | 290 | 7,363 | |
TOTAL JAPAN | 390,822 | ||
Netherlands - 1.1% | |||
Eurocommercial Properties NV | 342 | 8,193 | |
TKH Group NV (bearer) (depositary receipt) | 100 | 4,829 | |
TOTAL NETHERLANDS | 13,022 | ||
New Zealand - 0.7% | |||
Contact Energy Ltd. | 1,780 | 8,633 | |
Norway - 1.4% | |||
Schibsted ASA (A Shares) | 200 | 3,543 | |
Sparebanken Midt-Norge | 500 | 6,465 | |
TGS ASA | 439 | 6,871 | |
TOTAL NORWAY | 16,879 | ||
Singapore - 2.4% | |||
CDL Hospitality Trusts unit | 7,932 | 7,524 | |
Mapletree Industrial (REIT) | 3,585 | 6,409 | |
Sembcorp Industries Ltd. | 3,093 | 9,952 | |
Wing Tai Holdings Ltd. | 4,256 | 4,727 | |
TOTAL SINGAPORE | 28,612 | ||
Spain - 2.9% | |||
Applus Services SA | 892 | 7,475 | |
Bankinter SA | 1,287 | 7,604 | |
Cie Automotive SA | 179 | 5,389 | |
Compania de Distribucion Integral Logista Holdings SA | 317 | 8,614 | |
Fluidra SA | 320 | 5,476 | |
TOTAL SPAIN | 34,558 | ||
Sweden - 5.4% | |||
AAK AB | 510 | 10,265 | |
AddTech AB (B Shares) | 391 | 7,816 | |
Arjo AB | 990 | 4,379 | |
Avanza Bank Holding AB | 310 | 6,581 | |
Cloetta AB | 2,481 | 5,250 | |
Hemnet Group AB | 338 | 5,537 | |
HEXPOL AB (B Shares) | 715 | 8,415 | |
Loomis AB (B Shares) | 210 | 6,717 | |
Munters Group AB (b) | 1,005 | 9,839 | |
TOTAL SWEDEN | 64,799 | ||
Switzerland - 3.8% | |||
Bucher Industries AG | 16 | 7,174 | |
Lastminute.com NV (a) | 155 | 4,335 | |
OC Oerlikon Corp. AG (Reg.) | 793 | 4,416 | |
PSP Swiss Property AG | 57 | 6,702 | |
Sensirion Holding AG (a)(b) | 45 | 4,863 | |
Tecan Group AG | 18 | 7,809 | |
VZ Holding AG | 109 | 10,121 | |
TOTAL SWITZERLAND | 45,420 | ||
United Kingdom - 13.7% | |||
B&M European Value Retail SA | 1,466 | 8,838 | |
Britvic PLC | 699 | 8,025 | |
Close Brothers Group PLC | 531 | 6,059 | |
DCC PLC (United Kingdom) | 100 | 6,213 | |
Grainger Trust PLC | 2,272 | 7,384 | |
Harbour Energy PLC | 1,109 | 3,447 | |
Hill & Smith Holdings PLC | 338 | 5,845 | |
J.D. Wetherspoon PLC (a) | 707 | 6,335 | |
Jet2 PLC | 516 | 7,950 | |
Lancashire Holdings Ltd. | 1,514 | 11,657 | |
Mitie Group PLC | 8,396 | 9,708 | |
Pets At Home Group PLC | 1,177 | 5,704 | |
Renewi PLC (a) | 1,032 | 7,782 | |
Sabre Insurance Group PLC (b) | 5,571 | 8,850 | |
Savills PLC | 400 | 4,833 | |
Senior Engineering Group PLC | 3,931 | 8,122 | |
Spectris PLC | 189 | 8,929 | |
Synthomer PLC | 2,500 | 3,758 | |
Tate & Lyle PLC | 651 | 6,668 | |
Unite Group PLC | 523 | 6,303 | |
Vistry Group PLC | 664 | 6,530 | |
Volution Group PLC | 1,204 | 6,558 | |
WH Smith PLC | 401 | 7,932 | |
TOTAL UNITED KINGDOM | 163,430 | ||
TOTAL COMMON STOCKS (Cost $1,001,622) | 1,170,657 | ||
Nonconvertible Preferred Stocks - 0.6% | |||
Shares | Value ($) | ||
Germany - 0.6% | |||
Jungheinrich AG (Cost $5,082) | 201 | 7,761 | |
TOTAL INVESTMENT IN SECURITIES - 98.4% (Cost $1,006,704) | 1,178,418 |
NET OTHER ASSETS (LIABILITIES) - 1.6% | 19,063 |
NET ASSETS - 100.0% | 1,197,481 |
(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 $51,288 or 4.3% of net assets. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
Affiliate | Value, beginning of period ($) | 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 4.88% | - | 1,000,000 | 1,000,000 | 423 | - | - | - | 0.0% |
Total | - | 1,000,000 | 1,000,000 | 423 | - | - | - | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 74,946 | 39,200 | 35,746 | - |
Consumer Discretionary | 171,941 | 78,862 | 93,079 | - |
Consumer Staples | 79,228 | 40,216 | 39,012 | - |
Energy | 26,811 | 22,264 | 4,547 | - |
Financials | 126,556 | 85,552 | 41,004 | - |
Health Care | 73,029 | 43,581 | 29,448 | - |
Industrials | 283,918 | 172,655 | 111,263 | - |
Information Technology | 117,512 | 54,946 | 62,566 | - |
Materials | 97,369 | 41,689 | 55,680 | - |
Real Estate | 103,700 | 44,131 | 59,569 | - |
Utilities | 23,408 | - | 23,408 | - |
Total Investments in Securities: | 1,178,418 | 623,096 | 555,322 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $1,006,704): | $ | 1,178,418 | ||
Cash | 16,578 | |||
Foreign currency held at value (cost $504) | 503 | |||
Dividends receivable | 5,193 | |||
Receivable from investment adviser for expense reductions | 52 | |||
Total assets | 1,200,744 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 2,164 | ||
Delayed delivery | 256 | |||
Other payables and accrued expenses | 843 | |||
Total Liabilities | 3,263 | |||
Net Assets | $ | 1,197,481 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,003,400 | ||
Total accumulated earnings (loss) | 194,081 | |||
Net Assets | $ | 1,197,481 | ||
Net Asset Value , offering price and redemption price per share ($1,197,481 ÷ 100,311 shares) | $ | 11.94 |
Statement of Operations | ||||
For the period November 4, 2022 (commencement of operations) through April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 15,491 | ||
Income from Fidelity Central Funds | 423 | |||
Income before foreign taxes withheld | $ | 15,914 | ||
Less foreign taxes withheld | (1,537) | |||
Total Income | 14,377 | |||
Expenses | ||||
Custodian fees and expenses | $ | 2,034 | ||
Independent trustees' fees and expenses | 2 | |||
Total expenses before reductions | 2,036 | |||
Expense reductions | (2,012) | |||
Total expenses after reductions | 24 | |||
Net Investment income (loss) | 14,353 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 7,027 | |||
Foreign currency transactions | 4,465 | |||
Total net realized gain (loss) | 11,492 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 171,714 | |||
Assets and liabilities in foreign currencies | (78) | |||
Total change in net unrealized appreciation (depreciation) | 171,636 | |||
Net gain (loss) | 183,128 | |||
Net increase (decrease) in net assets resulting from operations | $ | 197,481 |
Statement of Changes in Net Assets | ||
For the period November 4, 2022 (commencement of operations) through April 30, 2023 (Unaudited) | ||
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $ | 14,353 |
Net realized gain (loss) | 11,492 | |
Change in net unrealized appreciation (depreciation) | 171,636 | |
Net increase (decrease) in net assets resulting from operations | 197,481 | |
Distributions to shareholders | (3,400) | |
Share transactions | ||
Proceeds from sales of shares | 1,000,000 | |
Reinvestment of distributions | 3,400 | |
Net increase (decrease) in net assets resulting from share transactions | 1,003,400 | |
Total increase (decrease) in net assets | 1,197,481 | |
Net Assets | ||
Beginning of period | - | |
End of period | $ | 1,197,481 |
Other Information | ||
Shares | ||
Sold | 100,000 | |
Issued in reinvestment of distributions | 311 | |
Redeemed | - | |
Net increase (decrease) | 100,311 | |
Fidelity Series Select International Small Cap Fund |
Six months ended (Unaudited) April 30, 2023 A | ||
Selected Per-Share Data | ||
Net asset value, beginning of period | $ | 10.00 |
Income from Investment Operations | ||
Net investment income (loss) B,C | .14 | |
Net realized and unrealized gain (loss) | 1.83 | |
Total from investment operations | 1.97 | |
Distributions from net investment income | (.03) | |
Total distributions | (.03) | |
Net asset value, end of period | $ | 11.94 |
Total Return D,E | 19.77% | |
Ratios to Average Net Assets C,F,G | ||
Expenses before reductions | .37% H | |
Expenses net of fee waivers, if any | .01% H | |
Expenses net of all reductions | -% H,I | |
Net investment income (loss) | 2.59% H | |
Supplemental Data | ||
Net assets, end of period (000 omitted) | $ | 1,197 |
Portfolio turnover rate J | 13% K |
Fidelity Central Fund+ | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $188,244 |
Gross unrealized depreciation | (16,530) |
Net unrealized appreciation (depreciation) | $171,714 |
Tax cost | $1,006,704 |
Purchases ($) | Sales ($) | |
Fidelity Series Select International Small Cap Fund | 1,152,159 | 152,410 |
The actual expense Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 4, 2022 to April 30, 2023). The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (November 1, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value | Ending Account Value April 30, 2023 | Expenses Paid During Period | |||||||
Fidelity Series Select International Small Cap Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,197.70 | $ .05 C | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 D | |||||||
- 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. | 4.1 | |
Amazon.com, Inc. | 1.9 | |
Alphabet, Inc. Class A | 1.4 | |
Alphabet, Inc. Class C | 1.4 | |
Meta Platforms, Inc. Class A | 1.2 | |
JPMorgan Chase & Co. | 1.1 | |
UnitedHealth Group, Inc. | 1.0 | |
Tesla, Inc. | 1.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 0.9 | |
The Home Depot, Inc. | 0.9 | |
14.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.9 | |
Consumer Discretionary | 18.7 | |
Industrials | 14.7 | |
Financials | 11.5 | |
Health Care | 9.1 | |
Communication Services | 7.9 | |
Consumer Staples | 6.7 | |
Real Estate | 4.5 | |
Materials | 4.1 | |
Energy | 1.8 | |
Utilities | 1.0 | |
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 - 99.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 7.9% | |||
Entertainment - 1.7% | |||
Netflix, Inc. (a) | 234 | 77,204 | |
Sea Ltd. ADR (a) | 288 | 21,937 | |
The Walt Disney Co. (a) | 713 | 73,083 | |
Universal Music Group NV | 1,045 | 22,811 | |
195,035 | |||
Interactive Media & Services - 5.9% | |||
Adevinta ASA Class B (a) | 2,741 | 21,090 | |
Alphabet, Inc.: | |||
Class A (a) | 1,533 | 164,552 | |
Class C (a) | 1,501 | 162,438 | |
Hemnet Group AB | 1,213 | 19,872 | |
Kakao Corp. | 398 | 17,435 | |
Match Group, Inc. (a) | 954 | 35,203 | |
Meta Platforms, Inc. Class A (a) | 621 | 149,239 | |
NAVER Corp. | 163 | 23,624 | |
Rightmove PLC | 2,316 | 16,713 | |
Tencent Holdings Ltd. | 1,540 | 68,401 | |
Z Holdings Corp. | 7,791 | 21,341 | |
699,908 | |||
Media - 0.3% | |||
S4 Capital PLC (a) | 11,328 | 20,814 | |
Schibsted ASA (A Shares) | 957 | 16,954 | |
37,768 | |||
TOTAL COMMUNICATION SERVICES | 932,711 | ||
CONSUMER DISCRETIONARY - 18.7% | |||
Automobile Components - 0.6% | |||
Aptiv PLC (a) | 330 | 33,944 | |
DENSO Corp. | 514 | 31,027 | |
64,971 | |||
Automobiles - 2.0% | |||
Ferrari NV (Italy) | 140 | 38,921 | |
Maruti Suzuki India Ltd. | 287 | 30,259 | |
Tesla, Inc. (a) | 715 | 117,482 | |
Toyota Motor Corp. | 3,473 | 47,684 | |
234,346 | |||
Broadline Retail - 2.8% | |||
Amazon.com, Inc. (a) | 2,101 | 221,550 | |
B&M European Value Retail SA | 4,042 | 24,368 | |
Dollarama, Inc. | 393 | 24,343 | |
MercadoLibre, Inc. (a) | 28 | 35,770 | |
Prosus NV | 295 | 22,100 | |
328,131 | |||
Hotels, Restaurants & Leisure - 4.4% | |||
Amadeus IT Holding SA Class A (a) | 495 | 34,791 | |
Chipotle Mexican Grill, Inc. (a) | 29 | 59,961 | |
Churchill Downs, Inc. | 200 | 58,506 | |
Compass Group PLC | 1,201 | 31,684 | |
Domino's Pizza, Inc. | 99 | 31,430 | |
Doordash, Inc. (a) | 544 | 33,287 | |
Hilton Worldwide Holdings, Inc. | 352 | 50,695 | |
Jubilant Foodworks Ltd. | 4,048 | 22,224 | |
Oriental Land Co. Ltd. | 970 | 34,328 | |
Restaurant Brands Asia Ltd. (a) | 12,252 | 15,373 | |
Vail Resorts, Inc. | 136 | 32,711 | |
Wingstop, Inc. | 238 | 47,626 | |
Yum! Brands, Inc. | 320 | 44,986 | |
Zomato Ltd. (a) | 32,462 | 25,986 | |
523,588 | |||
Household Durables - 0.8% | |||
Berkeley Group Holdings PLC | 397 | 22,187 | |
Maytronics Ltd. | 1,154 | 12,054 | |
NVR, Inc. (a) | 10 | 58,400 | |
92,641 | |||
Leisure Products - 0.3% | |||
Roland Corp. | 647 | 19,394 | |
SHIMANO, Inc. | 129 | 19,950 | |
39,344 | |||
Specialty Retail - 4.6% | |||
Carvana Co. Class A (a) | 893 | 6,197 | |
Fast Retailing Co. Ltd. | 141 | 33,389 | |
Five Below, Inc. (a) | 217 | 42,827 | |
Floor & Decor Holdings, Inc. Class A (a) | 418 | 41,524 | |
Lowe's Companies, Inc. | 323 | 67,129 | |
National Vision Holdings, Inc. (a) | 744 | 15,654 | |
Nitori Holdings Co. Ltd. | 184 | 23,430 | |
The Home Depot, Inc. | 354 | 106,391 | |
TJX Companies, Inc. | 625 | 49,263 | |
Ulta Beauty, Inc. (a) | 102 | 56,246 | |
Warby Parker, Inc. (a) | 2,569 | 27,052 | |
Wayfair LLC Class A (a) | 635 | 22,117 | |
WH Smith PLC | 1,154 | 22,828 | |
Workman Co. Ltd. | 350 | 14,258 | |
ZOZO, Inc. | 833 | 17,530 | |
545,835 | |||
Textiles, Apparel & Luxury Goods - 3.2% | |||
adidas AG | 108 | 19,019 | |
Hermes International SCA | 24 | 52,013 | |
lululemon athletica, Inc. (a) | 192 | 72,947 | |
LVMH Moet Hennessy Louis Vuitton SE | 84 | 80,798 | |
Moncler SpA | 534 | 39,518 | |
NIKE, Inc. Class B | 504 | 63,867 | |
PVH Corp. | 349 | 29,948 | |
Shenzhou International Group Holdings Ltd. | 1,715 | 16,473 | |
374,583 | |||
TOTAL CONSUMER DISCRETIONARY | 2,203,439 | ||
CONSUMER STAPLES - 6.7% | |||
Beverages - 1.5% | |||
Ambev SA | 9,683 | 27,489 | |
Davide Campari Milano NV | 2,576 | 33,154 | |
Kweichow Moutai Co. Ltd. (A Shares) | 115 | 29,343 | |
Monster Beverage Corp. | 824 | 46,144 | |
Pernod Ricard SA | 166 | 38,302 | |
174,432 | |||
Consumer Staples Distribution & Retail - 3.6% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 709 | 35,386 | |
Avenue Supermarts Ltd. (a)(b) | 498 | 21,472 | |
Casey's General Stores, Inc. | 168 | 38,442 | |
Clicks Group Ltd. | 1,582 | 23,121 | |
Cosmos Pharmaceutical Corp. | 150 | 14,753 | |
Costco Wholesale Corp. | 174 | 87,560 | |
Ocado Group PLC (a) | 3,534 | 22,438 | |
Target Corp. | 237 | 37,387 | |
Wal-Mart de Mexico SA de CV Series V | 8,515 | 34,331 | |
Walmart, Inc. | 619 | 93,450 | |
Welcia Holdings Co. Ltd. | 782 | 16,373 | |
424,713 | |||
Food Products - 0.6% | |||
Freshpet, Inc. (a) | 481 | 33,175 | |
McCormick & Co., Inc. (non-vtg.) | 398 | 34,964 | |
68,139 | |||
Household Products - 0.2% | |||
Unicharm Corp. | 664 | 26,806 | |
Personal Care Products - 0.8% | |||
Hindustan Unilever Ltd. | 887 | 26,727 | |
L'Oreal SA | 100 | 47,685 | |
Shiseido Co. Ltd. | 471 | 23,609 | |
98,021 | |||
TOTAL CONSUMER STAPLES | 792,111 | ||
ENERGY - 1.8% | |||
Oil, Gas & Consumable Fuels - 1.8% | |||
Cheniere Energy, Inc. | 268 | 41,004 | |
Hess Corp. | 465 | 67,453 | |
Parkland Corp. | 761 | 17,946 | |
PrairieSky Royalty Ltd. | 3,064 | 48,351 | |
Reliance Industries Ltd. | 1,258 | 37,398 | |
212,152 | |||
FINANCIALS - 11.5% | |||
Banks - 3.0% | |||
Bank of America Corp. | 2,519 | 73,756 | |
Credicorp Ltd. (United States) | 253 | 34,276 | |
FinecoBank SpA | 1,536 | 23,238 | |
JPMorgan Chase & Co. | 948 | 131,052 | |
KBC Group NV | 413 | 29,480 | |
PNC Financial Services Group, Inc. | 278 | 36,210 | |
PT Bank Central Asia Tbk | 53,101 | 32,862 | |
SVB Financial Group (a) | 145 | 71 | |
360,945 | |||
Capital Markets - 3.9% | |||
Avanza Bank Holding AB | 742 | 15,752 | |
Banca Generali SpA | 585 | 19,396 | |
Bolsa Mexicana de Valores S.A.B. de CV | 13,232 | 29,254 | |
Brookfield Corp. (Canada) Class A | 823 | 26,703 | |
Charles Schwab Corp. | 822 | 42,941 | |
CME Group, Inc. | 215 | 39,941 | |
HUB24 Ltd. | 1,140 | 21,556 | |
Moody's Corp. | 124 | 38,827 | |
Morningstar, Inc. | 153 | 27,281 | |
MSCI, Inc. | 88 | 42,456 | |
Netwealth Group Ltd. | 1,886 | 17,138 | |
Nordnet AB | 1,221 | 19,145 | |
Partners Group Holding AG | 19 | 18,348 | |
S&P Global, Inc. | 155 | 56,200 | |
St. James's Place PLC | 1,319 | 20,000 | |
VZ Holding AG | 239 | 22,193 | |
457,131 | |||
Consumer Finance - 0.2% | |||
Bajaj Finance Ltd. | 341 | 26,330 | |
Financial Services - 1.7% | |||
Adyen BV (a)(b) | 18 | 28,923 | |
Block, Inc. Class A (a) | 531 | 32,279 | |
Edenred SA | 403 | 26,164 | |
Fiserv, Inc. (a) | 431 | 52,634 | |
Toast, Inc. (a) | 1,925 | 35,035 | |
Zenkoku Hosho Co. Ltd. | 657 | 24,147 | |
199,182 | |||
Insurance - 2.7% | |||
Arthur J. Gallagher & Co. | 291 | 60,545 | |
Assurant, Inc. | 240 | 29,551 | |
Chubb Ltd. | 384 | 77,399 | |
Globe Life, Inc. | 312 | 33,858 | |
Hannover Reuck SE | 142 | 30,293 | |
Lifenet Insurance Co. (a) | 2,965 | 25,841 | |
Qualitas Controladora S.A.B. de CV | 5,435 | 35,927 | |
Steadfast Group Ltd. | 5,820 | 22,945 | |
316,359 | |||
TOTAL FINANCIALS | 1,359,947 | ||
HEALTH CARE - 8.9% | |||
Biotechnology - 0.4% | |||
Repligen Corp. (a) | 159 | 24,109 | |
Zai Lab Ltd. (a) | 4,853 | 16,991 | |
41,100 | |||
Health Care Equipment & Supplies - 4.2% | |||
Align Technology, Inc. (a) | 132 | 42,940 | |
Boston Scientific Corp. (a) | 1,090 | 56,811 | |
Coloplast A/S Series B | 165 | 23,733 | |
Fisher & Paykel Healthcare Corp. | 1,258 | 21,578 | |
Hoya Corp. | 275 | 28,835 | |
IDEXX Laboratories, Inc. (a) | 83 | 40,849 | |
Inspire Medical Systems, Inc. (a) | 162 | 43,356 | |
Intuitive Surgical, Inc. (a) | 172 | 51,810 | |
Masimo Corp. (a) | 255 | 48,231 | |
ResMed, Inc. | 177 | 42,650 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 486 | 21,972 | |
Straumann Holding AG | 192 | 28,887 | |
The Cooper Companies, Inc. | 113 | 43,104 | |
494,756 | |||
Health Care Providers & Services - 2.1% | |||
Apollo Hospitals Enterprise Ltd. | 437 | 24,216 | |
Chemed Corp. | 82 | 45,203 | |
Humana, Inc. | 106 | 56,232 | |
UnitedHealth Group, Inc. | 253 | 124,499 | |
250,150 | |||
Health Care Technology - 0.3% | |||
Veeva Systems, Inc. Class A (a) | 159 | 28,474 | |
Life Sciences Tools & Services - 1.7% | |||
10X Genomics, Inc. (a) | 568 | 29,780 | |
Danaher Corp. | 243 | 57,569 | |
Lonza Group AG | 47 | 29,311 | |
Sartorius Stedim Biotech | 66 | 17,636 | |
West Pharmaceutical Services, Inc. | 135 | 48,767 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 3,155 | 18,813 | |
201,876 | |||
Pharmaceuticals - 0.2% | |||
Jiangsu Hengrui Medicine Co. Ltd. (A Shares) | 3,959 | 27,917 | |
TOTAL HEALTH CARE | 1,044,273 | ||
INDUSTRIALS - 14.7% | |||
Aerospace & Defense - 1.0% | |||
HEICO Corp. | 225 | 37,944 | |
INVISIO AB | 1,159 | 23,790 | |
Northrop Grumman Corp. | 115 | 53,046 | |
114,780 | |||
Air Freight & Logistics - 1.5% | |||
C.H. Robinson Worldwide, Inc. | 441 | 44,484 | |
Deutsche Post AG | 723 | 34,776 | |
DSV A/S | 145 | 27,234 | |
Expeditors International of Washington, Inc. | 336 | 38,250 | |
ZTO Express, Inc. sponsored ADR | 919 | 25,438 | |
170,182 | |||
Building Products - 0.8% | |||
ASSA ABLOY AB (B Shares) | 1,245 | 29,610 | |
Belimo Holding AG (Reg.) | 49 | 23,561 | |
Carel Industries SpA (b) | 722 | 18,935 | |
Kingspan Group PLC (Ireland) | 315 | 21,763 | |
93,869 | |||
Commercial Services & Supplies - 1.6% | |||
Casella Waste Systems, Inc. Class A (a) | 452 | 40,228 | |
Cintas Corp. | 84 | 38,285 | |
Copart, Inc. (a) | 620 | 49,011 | |
GFL Environmental, Inc. | 625 | 22,701 | |
Sunny Friend Environmental Technology Co. Ltd. | 3,528 | 18,216 | |
Waste Connections, Inc. (Canada) | 135 | 18,779 | |
187,220 | |||
Construction & Engineering - 0.2% | |||
Sweco AB (B Shares) | 1,610 | 21,540 | |
Electrical Equipment - 1.1% | |||
AMETEK, Inc. | 291 | 40,138 | |
Eaton Corp. PLC | 272 | 45,457 | |
Generac Holdings, Inc. (a) | 308 | 31,484 | |
Nidec Corp. | 346 | 17,121 | |
134,200 | |||
Ground Transportation - 0.8% | |||
Localiza Rent a Car SA | 2,219 | 25,808 | |
Localiza Rent a Car SA rights 5/11/23 (a) | 9 | 31 | |
Old Dominion Freight Lines, Inc. | 157 | 50,301 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 7,033 | 17,231 | |
93,371 | |||
Industrial Conglomerates - 0.5% | |||
Honeywell International, Inc. | 296 | 59,153 | |
Machinery - 3.1% | |||
Atlas Copco AB (A Shares) | 2,289 | 33,057 | |
Fortive Corp. | 572 | 36,087 | |
Haitian International Holdings Ltd. | 8,136 | 21,140 | |
IDEX Corp. | 173 | 35,693 | |
Indutrade AB | 942 | 22,569 | |
Kone OYJ (B Shares) | 371 | 21,135 | |
Minebea Mitsumi, Inc. | 935 | 17,315 | |
Misumi Group, Inc. | 855 | 21,569 | |
Miura Co. Ltd. | 820 | 21,843 | |
Rational AG | 22 | 15,878 | |
Schindler Holding AG (participation certificate) | 87 | 19,340 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 3,302 | 29,576 | |
SMC Corp. | 48 | 23,940 | |
Spirax-Sarco Engineering PLC | 136 | 18,955 | |
Tocalo Co. Ltd. | 1,606 | 15,082 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 4,467 | 15,115 | |
368,294 | |||
Marine Transportation - 0.1% | |||
SITC International Holdings Co. Ltd. | 8,782 | 16,244 | |
Passenger Airlines - 0.2% | |||
Ryanair Holdings PLC sponsored ADR (a) | 221 | 21,125 | |
Professional Services - 3.1% | |||
BayCurrent Consulting, Inc. | 540 | 18,770 | |
Centre Testing International Group Co. Ltd. (A Shares) | 4,438 | 12,382 | |
CoStar Group, Inc. (a) | 519 | 39,937 | |
Equifax, Inc. | 197 | 41,051 | |
Experian PLC | 870 | 30,802 | |
Funai Soken Holdings, Inc. | 852 | 16,332 | |
Headhunter Group PLC ADR (a)(c) | 622 | 1,693 | |
Recruit Holdings Co. Ltd. | 866 | 24,294 | |
RELX PLC (London Stock Exchange) | 1,230 | 40,902 | |
Sporton International, Inc. | 3,374 | 29,080 | |
Thomson Reuters Corp. | 242 | 31,823 | |
TriNet Group, Inc. (a) | 427 | 39,617 | |
Verisk Analytics, Inc. | 201 | 39,016 | |
365,699 | |||
Trading Companies & Distributors - 0.7% | |||
AddTech AB (B Shares) | 1,555 | 31,085 | |
Ashtead Group PLC | 481 | 27,668 | |
IMCD NV | 158 | 23,712 | |
82,465 | |||
TOTAL INDUSTRIALS | 1,728,142 | ||
INFORMATION TECHNOLOGY - 19.9% | |||
Electronic Equipment, Instruments & Components - 2.4% | |||
Amphenol Corp. Class A | 556 | 41,961 | |
Azbil Corp. | 666 | 18,626 | |
CDW Corp. | 229 | 38,836 | |
Cognex Corp. | 604 | 28,805 | |
Keyence Corp. | 84 | 37,880 | |
Lagercrantz Group AB (B Shares) | 2,284 | 29,354 | |
Murata Manufacturing Co. Ltd. | 476 | 27,006 | |
Sunny Optical Technology Group Co. Ltd. | 2,000 | 21,135 | |
Teledyne Technologies, Inc. (a) | 90 | 37,296 | |
280,899 | |||
IT Services - 1.8% | |||
Cloudflare, Inc. (a) | 615 | 28,936 | |
FDM Group Holdings PLC | 1,642 | 13,888 | |
Kainos Group PLC | 981 | 15,288 | |
Nagarro SE (a) | 139 | 14,903 | |
Reply SpA | 122 | 14,183 | |
SHIFT, Inc. (a) | 109 | 20,292 | |
Shopify, Inc. Class A (a) | 364 | 17,636 | |
Softcat PLC | 1,075 | 18,063 | |
Twilio, Inc. Class A (a) | 520 | 27,357 | |
VeriSign, Inc. (a) | 196 | 43,473 | |
214,019 | |||
Semiconductors & Semiconductor Equipment - 4.2% | |||
ASM International NV (Netherlands) | 85 | 30,726 | |
ASML Holding NV (Netherlands) | 112 | 70,777 | |
BE Semiconductor Industries NV | 276 | 24,737 | |
Disco Corp. | 303 | 34,498 | |
eMemory Technology, Inc. | 518 | 30,951 | |
Monolithic Power Systems, Inc. | 91 | 42,039 | |
Silergy Corp. | 930 | 14,669 | |
Silicon Laboratories, Inc. (a) | 339 | 47,223 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 6,524 | 106,760 | |
Teradyne, Inc. | 357 | 32,623 | |
Tokyo Electron Ltd. | 279 | 31,947 | |
Universal Display Corp. | 193 | 25,758 | |
492,708 | |||
Software - 11.2% | |||
Adobe, Inc. (a) | 189 | 71,359 | |
ANSYS, Inc. (a) | 124 | 38,926 | |
Atlassian Corp. PLC (a) | 143 | 21,115 | |
ATOSS Software AG | 139 | 27,815 | |
Bill Holdings, Inc. (a) | 435 | 33,412 | |
Black Knight, Inc. (a) | 545 | 29,779 | |
Ceridian HCM Holding, Inc. (a) | 601 | 38,151 | |
Confluent, Inc. (a) | 1,110 | 24,420 | |
Constellation Software, Inc. | 17 | 33,274 | |
Dassault Systemes SA | 756 | 30,547 | |
Fortnox AB | 3,520 | 24,206 | |
HubSpot, Inc. (a) | 101 | 42,516 | |
Microsoft Corp. | 1,577 | 484,539 | |
Money Forward, Inc. (a) | 614 | 25,570 | |
Paycom Software, Inc. (a) | 116 | 33,683 | |
Procore Technologies, Inc. (a) | 611 | 32,634 | |
Roper Technologies, Inc. | 89 | 40,475 | |
Salesforce, Inc. (a) | 382 | 75,777 | |
SAP SE | 349 | 47,225 | |
ServiceNow, Inc. (a) | 91 | 41,807 | |
Synopsys, Inc. (a) | 149 | 55,327 | |
Topicus.Com, Inc. (a) | 266 | 17,719 | |
Workday, Inc. Class A (a) | 187 | 34,808 | |
Xero Ltd. (a) | 304 | 18,977 | |
1,324,061 | |||
Technology Hardware, Storage & Peripherals - 0.3% | |||
Seagate Technology Holdings PLC | 616 | 36,202 | |
TOTAL INFORMATION TECHNOLOGY | 2,347,889 | ||
MATERIALS - 4.1% | |||
Chemicals - 2.6% | |||
Air Products & Chemicals, Inc. | 155 | 45,626 | |
Asian Paints Ltd. | 663 | 23,620 | |
Ecolab, Inc. | 229 | 38,435 | |
Givaudan SA | 8 | 27,942 | |
Linde PLC | 167 | 61,698 | |
NOF Corp. | 431 | 19,693 | |
Shin-Etsu Chemical Co. Ltd. | 1,125 | 32,103 | |
Sika AG | 124 | 34,252 | |
Symrise AG | 185 | 22,352 | |
305,721 | |||
Construction Materials - 0.7% | |||
Martin Marietta Materials, Inc. | 120 | 43,584 | |
Vulcan Materials Co. | 247 | 43,255 | |
86,839 | |||
Metals & Mining - 0.8% | |||
First Quantum Minerals Ltd. | 931 | 22,621 | |
Freeport-McMoRan, Inc. | 1,162 | 44,051 | |
Press Metal Aluminium Holdings | 19,537 | 22,639 | |
89,311 | |||
TOTAL MATERIALS | 481,871 | ||
REAL ESTATE - 4.5% | |||
Equity Real Estate Investment Trusts (REITs) - 3.3% | |||
American Tower Corp. | 268 | 54,777 | |
ARGAN SA | 181 | 14,121 | |
Big Yellow Group PLC | 1,115 | 17,152 | |
Embassy Office Parks (REIT) | 6,240 | 25,183 | |
Equinix, Inc. | 65 | 47,065 | |
Equity Lifestyle Properties, Inc. | 535 | 36,862 | |
Extra Space Storage, Inc. | 218 | 33,145 | |
National Storage REIT unit | 16,314 | 27,172 | |
Prologis (REIT), Inc. | 406 | 50,852 | |
Safestore Holdings PLC | 1,505 | 18,734 | |
Segro PLC | 1,591 | 16,692 | |
Sun Communities, Inc. | 247 | 34,316 | |
Warehouses de Pauw | 525 | 15,689 | |
Warehouses de Pauw rights 5/12/23 (a)(d) | 525 | 579 | |
392,339 | |||
Real Estate Management & Development - 1.2% | |||
Ayala Land, Inc. | 36,338 | 17,532 | |
CBRE Group, Inc. (a) | 454 | 34,804 | |
Colliers International Group, Inc. | 176 | 18,717 | |
Grainger Trust PLC | 6,552 | 21,294 | |
Katitas Co. Ltd. | 926 | 18,084 | |
Oberoi Realty Ltd. | 2,683 | 30,146 | |
140,577 | |||
TOTAL REAL ESTATE | 532,916 | ||
UTILITIES - 1.0% | |||
Electric Utilities - 0.9% | |||
Constellation Energy Corp. | 439 | 33,979 | |
NextEra Energy, Inc. | 875 | 67,051 | |
101,030 | |||
Gas Utilities - 0.1% | |||
Nippon Gas Co. Ltd. | 1,244 | 17,494 | |
TOTAL UTILITIES | 118,524 | ||
TOTAL COMMON STOCKS (Cost $10,446,363) | 11,753,975 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
HEALTH CARE - 0.2% | |||
Life Sciences Tools & Services - 0.2% | |||
Sartorius AG (non-vtg.) (Cost $13,707) | 63 | 24,408 | |
Money Market Funds - 0.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (e) (Cost $20,542) | 20,538 | 20,542 | |
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $10,480,612) | 11,798,925 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (11,524) |
NET ASSETS - 100.0% | 11,787,401 |
(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 $88,143 or 0.7% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | 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 4.88% | - | 919,038 | 898,496 | 2,315 | - | - | 20,542 | 0.0% |
Total | - | 919,038 | 898,496 | 2,315 | - | - | 20,542 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 932,711 | 801,910 | 130,801 | - |
Consumer Discretionary | 2,203,439 | 1,685,842 | 517,597 | - |
Consumer Staples | 792,111 | 633,028 | 159,083 | - |
Energy | 212,152 | 174,754 | 37,398 | - |
Financials | 1,359,947 | 1,160,205 | 199,742 | - |
Health Care | 1,068,681 | 850,161 | 218,520 | - |
Industrials | 1,728,142 | 1,342,852 | 383,597 | 1,693 |
Information Technology | 2,347,889 | 1,912,353 | 435,536 | - |
Materials | 481,871 | 327,212 | 154,659 | - |
Real Estate | 532,916 | 414,220 | 118,696 | - |
Utilities | 118,524 | 101,030 | 17,494 | - |
Money Market Funds | 20,542 | 20,542 | - | - |
Total Investments in Securities: | 11,798,925 | 9,424,109 | 2,373,123 | 1,693 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,460,070) | $ | 11,778,383 | ||
Fidelity Central Funds (cost $20,542) | 20,542 | |||
Total Investment in Securities (cost $10,480,612) | $ | 11,798,925 | ||
Cash | 981 | |||
Foreign currency held at value (cost $1,193) | 1,195 | |||
Receivable for fund shares sold | 1,899 | |||
Dividends receivable | 17,278 | |||
Distributions receivable from Fidelity Central Funds | 202 | |||
Prepaid expenses | 5 | |||
Receivable from investment adviser for expense reductions | 1,629 | |||
Total assets | 11,822,114 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 579 | ||
Payable for fund shares redeemed | 3,794 | |||
Accrued management fee | 3,252 | |||
Transfer agent fee payable | 2,539 | |||
Other affiliated payables | 349 | |||
Audit fee payable | 18,744 | |||
Custody fee payable | 3,798 | |||
Other payables and accrued expenses | 1,658 | |||
Total Liabilities | 34,713 | |||
Net Assets | $ | 11,787,401 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,558,809 | ||
Total accumulated earnings (loss) | 228,592 | |||
Net Assets | $ | 11,787,401 | ||
Net Asset Value , offering price and redemption price per share ($11,787,401 ÷ 948,073 shares) | $ | 12.43 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 72,586 | ||
Non-Cash dividends | 4,422 | |||
Income from Fidelity Central Funds | 2,315 | |||
Income before foreign taxes withheld | $ | 79,323 | ||
Less foreign taxes withheld | (7,203) | |||
Total Income | 72,120 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 33,973 | ||
Performance adjustment | (7,136) | |||
Transfer agent fees | 15,202 | |||
Accounting fees and expenses | 2,087 | |||
Custodian fees and expenses | 7,962 | |||
Independent trustees' fees and expenses | 42 | |||
Registration fees | 5,619 | |||
Audit | 33,683 | |||
Legal | 9 | |||
Miscellaneous | 28 | |||
Total expenses before reductions | 91,469 | |||
Expense reductions | (35,829) | |||
Total expenses after reductions | 55,640 | |||
Net Investment income (loss) | 16,480 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $331) | (69,902) | |||
Foreign currency transactions | 1,021 | |||
Total net realized gain (loss) | (68,881) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $3,718) | 1,521,122 | |||
Assets and liabilities in foreign currencies | 342 | |||
Total change in net unrealized appreciation (depreciation) | 1,521,464 | |||
Net gain (loss) | 1,452,583 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,469,063 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 16,480 | $ | 8,806 |
Net realized gain (loss) | (68,881) | (933,940) | ||
Change in net unrealized appreciation (depreciation) | 1,521,464 | (6,033,124) | ||
Net increase (decrease) in net assets resulting from operations | 1,469,063 | (6,958,258) | ||
Distributions to shareholders | - | (572,700) | ||
Share transactions | ||||
Proceeds from sales of shares | 730,074 | 3,817,785 | ||
Reinvestment of distributions | - | 537,633 | ||
Cost of shares redeemed | (1,619,918) | (7,108,348) | ||
Net increase (decrease) in net assets resulting from share transactions | (889,844) | (2,752,930) | ||
Total increase (decrease) in net assets | 579,219 | (10,283,888) | ||
Net Assets | ||||
Beginning of period | 11,208,182 | 21,492,070 | ||
End of period | $ | 11,787,401 | $ | 11,208,182 |
Other Information | ||||
Shares | ||||
Sold | 60,940 | 278,587 | ||
Issued in reinvestment of distributions | - | 33,571 | ||
Redeemed | (137,348) | (575,644) | ||
Net increase (decrease) | (76,408) | (263,486) | ||
Fidelity® Enduring Opportunities Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 10.94 | $ | 16.69 | $ | 11.91 | $ | 10.00 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .02 | .01 | (.04) | (.01) | ||||
Net realized and unrealized gain (loss) | 1.47 | (5.32) | 4.82 | 1.93 | ||||
Total from investment operations | 1.49 | (5.31) | 4.78 | 1.92 | ||||
Distributions from net investment income | - | (.03) | - | - D | ||||
Distributions from net realized gain | - | (.41) | - | - | ||||
Tax return of capital | - | - | - | (.01) | ||||
Total distributions | - | (.44) | - | (.01) | ||||
Net asset value, end of period | $ | 12.43 | $ | 10.94 | $ | 16.69 | $ | 11.91 |
Total Return E,F | 13.62% | (32.65)% | 40.13% | 19.22% | ||||
Ratios to Average Net Assets C,G,H | ||||||||
Expenses before reductions | 1.55% I | 1.41% | 1.70% | 2.63% I | ||||
Expenses net of fee waivers, if any | .95% I | .98% | 1.08% | 1.10% I | ||||
Expenses net of all reductions | .94% I | .98% | 1.08% | 1.09% I | ||||
Net investment income (loss) | .28% I | .05% | (.25)% | (.10)% I | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 11,787 | $ | 11,208 | $ | 21,492 | $ | 10,055 |
Portfolio turnover rate J | 12% I | 15% | 23% | 17% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $2,534,718 |
Gross unrealized depreciation | (1,266,438) |
Net unrealized appreciation (depreciation) | $1,268,280 |
Tax cost | $10,530,645 |
Short-term | $(440,776) |
Long-term | (540,264) |
Total capital loss carryforward | $(981,040) |
Purchases ($) | Sales ($) | |
Fidelity Enduring Opportunities Fund | 676,023 | 1,510,601 |
% of Average Net Assets | |
Fidelity Enduring Opportunities Fund | .04 |
Amount | |
Fidelity Enduring Opportunities Fund | $ 3 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Enduring Opportunities Fund | - | 81,875 | 16,423 |
Amount | |
Fidelity Enduring Opportunities Fund | $12 |
Fund | Affiliated % |
Fidelity Enduring Opportunities Fund. | 20% |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Enduring Opportunities Fund | .95% | |||||||||
Actual | $ 1,000 | $ 1,136.20 | $ 5.03 | |||||||
Hypothetical- B | $ 1,000 | $ 1,020.08 | $ 4.76 | |||||||
- 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) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.9 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.8 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.5 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.5 | |
L'Oreal SA (France, Personal Care Products) | 2.2 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.2 | |
Hermes International SCA (France, Textiles, Apparel & Luxury Goods) | 2.0 | |
Diageo PLC (United Kingdom, Beverages) | 2.0 | |
Constellation Software, Inc. (Canada, Software) | 1.9 | |
24.0 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 24.1 | |
Industrials | 22.9 | |
Financials | 12.6 | |
Consumer Discretionary | 12.4 | |
Materials | 9.3 | |
Consumer Staples | 9.1 | |
Health Care | 8.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.7% | |||
Shares | Value ($) | ||
Brazil - 1.6% | |||
MercadoLibre, Inc. (a) | 12,622 | 16,124,479 | |
Canada - 9.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 321,623 | 16,052,070 | |
Canadian National Railway Co. | 135,794 | 16,186,833 | |
Canadian Pacific Kansas City Ltd. | 209,151 | 16,486,937 | |
Constellation Software, Inc. | 9,757 | 19,097,175 | |
GFL Environmental, Inc. | 352,133 | 12,789,951 | |
Thomson Reuters Corp. | 128,067 | 16,840,548 | |
TOTAL CANADA | 97,453,514 | ||
China - 1.3% | |||
NXP Semiconductors NV | 78,261 | 12,814,456 | |
Denmark - 4.5% | |||
DSV A/S | 90,421 | 16,982,760 | |
Novo Nordisk A/S Series B | 165,396 | 27,514,369 | |
TOTAL DENMARK | 44,497,129 | ||
France - 15.5% | |||
Air Liquide SA | 104,472 | 18,793,492 | |
Capgemini SA | 79,671 | 14,476,484 | |
Dassault Systemes SA | 390,958 | 15,797,312 | |
Hermes International SCA | 9,138 | 19,804,028 | |
L'Oreal SA | 46,439 | 22,144,308 | |
LVMH Moet Hennessy Louis Vuitton SE | 31,267 | 30,075,144 | |
Pernod Ricard SA | 78,466 | 18,105,077 | |
Safran SA | 93,503 | 14,541,565 | |
TOTAL FRANCE | 153,737,410 | ||
Germany - 1.7% | |||
Infineon Technologies AG | 448,476 | 16,332,050 | |
India - 6.3% | |||
HCL Technologies Ltd. | 1,109,033 | 14,514,845 | |
HDFC Bank Ltd. | 773,004 | 15,998,884 | |
ICICI Bank Ltd. | 1,559,339 | 17,609,599 | |
ITC Ltd. | 2,786,275 | 14,545,090 | |
TOTAL INDIA | 62,668,418 | ||
Indonesia - 1.7% | |||
PT Bank Central Asia Tbk | 27,426,588 | 16,972,986 | |
Ireland - 2.9% | |||
CRH PLC | 288,071 | 13,900,571 | |
Kingspan Group PLC (Ireland) | 220,417 | 15,228,419 | |
TOTAL IRELAND | 29,128,990 | ||
Israel - 1.5% | |||
NICE Ltd. sponsored ADR (a)(b) | 70,288 | 14,339,455 | |
Italy - 1.8% | |||
Ferrari NV (Italy) | 65,443 | 18,193,767 | |
Japan - 6.4% | |||
Hoya Corp. | 152,547 | 15,995,322 | |
Keyence Corp. | 39,343 | 17,741,974 | |
Shin-Etsu Chemical Co. Ltd. | 491,829 | 14,034,745 | |
Tokyo Electron Ltd. | 133,755 | 15,315,684 | |
TOTAL JAPAN | 63,087,725 | ||
Korea (South) - 2.6% | |||
LG Chemical Ltd. | 24,341 | 13,526,381 | |
Samsung SDI Co. Ltd. | 24,169 | 12,548,006 | |
TOTAL KOREA (SOUTH) | 26,074,387 | ||
Netherlands - 5.9% | |||
ASM International NV (Netherlands) | 45,630 | 16,494,255 | |
ASML Holding NV (Netherlands) | 38,779 | 24,505,988 | |
Wolters Kluwer NV | 135,917 | 17,994,498 | |
TOTAL NETHERLANDS | 58,994,741 | ||
Sweden - 1.8% | |||
Atlas Copco AB (A Shares) | 1,250,038 | 18,052,630 | |
Switzerland - 3.9% | |||
Compagnie Financiere Richemont SA Series A | 131,030 | 21,659,373 | |
Sika AG | 62,299 | 17,208,418 | |
TOTAL SWITZERLAND | 38,867,791 | ||
Taiwan - 2.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 1,743,262 | 28,526,999 | |
United Kingdom - 11.2% | |||
Ashtead Group PLC | 220,752 | 12,697,975 | |
AstraZeneca PLC (United Kingdom) | 169,089 | 24,883,642 | |
Compass Group PLC | 684,798 | 18,065,629 | |
Diageo PLC | 421,644 | 19,233,759 | |
RELX PLC (London Stock Exchange) | 545,641 | 18,144,530 | |
Rentokil Initial PLC | 2,262,844 | 18,015,077 | |
TOTAL UNITED KINGDOM | 111,040,612 | ||
United States of America - 15.4% | |||
Fiserv, Inc. (a) | 102,259 | 12,487,869 | |
Linde PLC | 43,127 | 15,933,270 | |
Marsh & McLennan Companies, Inc. | 89,189 | 16,070,966 | |
MasterCard, Inc. Class A | 39,636 | 15,062,869 | |
Moody's Corp. | 49,096 | 15,372,940 | |
S&P Global, Inc. | 41,880 | 15,184,850 | |
Schneider Electric SA | 108,638 | 18,945,587 | |
SolarEdge Technologies, Inc. (a) | 50,665 | 14,471,444 | |
Thermo Fisher Scientific, Inc. | 25,468 | 14,132,193 | |
Waste Connections, Inc. (Canada) | 109,092 | 15,174,727 | |
TOTAL UNITED STATES OF AMERICA | 152,836,715 | ||
TOTAL COMMON STOCKS (Cost $778,779,463) | 979,744,254 | ||
Money Market Funds - 1.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (c) | 11,019,005 | 11,021,209 | |
Fidelity Securities Lending Cash Central Fund 4.88% (c)(d) | 3,091,443 | 3,091,752 | |
TOTAL MONEY MARKET FUNDS (Cost $14,112,961) | 14,112,961 | ||
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $792,892,424) | 993,857,215 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (517,705) |
NET ASSETS - 100.0% | 993,339,510 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 4.88% | 9,866,092 | 200,036,310 | 198,881,193 | 264,858 | - | - | 11,021,209 | 0.0% |
Fidelity Securities Lending Cash Central Fund 4.88% | 13,243,268 | 60,572,168 | 70,723,684 | 7,948 | - | - | 3,091,752 | 0.0% |
Total | 23,109,360 | 260,608,478 | 269,604,877 | 272,806 | - | - | 14,112,961 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 123,922,420 | 54,122,274 | 69,800,146 | - |
Consumer Staples | 90,080,304 | 56,301,455 | 33,778,849 | - |
Financials | 124,760,963 | 74,179,494 | 50,581,469 | - |
Health Care | 82,525,526 | 14,132,193 | 68,393,333 | - |
Industrials | 228,082,037 | 176,579,808 | 51,502,229 | - |
Information Technology | 236,976,127 | 131,996,569 | 104,979,558 | - |
Materials | 93,396,877 | 15,933,270 | 77,463,607 | - |
Money Market Funds | 14,112,961 | 14,112,961 | - | - |
Total Investments in Securities: | 993,857,215 | 537,358,024 | 456,499,191 | - |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $3,047,093) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $778,779,463) | $ | 979,744,254 | ||
Fidelity Central Funds (cost $14,112,961) | 14,112,961 | |||
Total Investment in Securities (cost $792,892,424) | $ | 993,857,215 | ||
Cash | 2,857 | |||
Foreign currency held at value (cost $261,420) | 261,350 | |||
Receivable for fund shares sold | 1,370,878 | |||
Dividends receivable | 1,631,569 | |||
Reclaims receivable | 960,912 | |||
Interest receivable | 116 | |||
Distributions receivable from Fidelity Central Funds | 61,061 | |||
Other receivables | 162,756 | |||
Total assets | 998,308,714 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 544,066 | ||
Accrued management fee | 535,576 | |||
Deferred taxes | 795,719 | |||
Other payables and accrued expenses | 2,091 | |||
Collateral on securities loaned | 3,091,752 | |||
Total Liabilities | 4,969,204 | |||
Net Assets | $ | 993,339,510 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 856,293,022 | ||
Total accumulated earnings (loss) | 137,046,488 | |||
Net Assets | $ | 993,339,510 | ||
Net Asset Value , offering price and redemption price per share ($993,339,510 ÷ 72,282,633 shares) | $ | 13.74 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,060,476 | ||
Non-Cash dividends | 313,088 | |||
Interest | 534 | |||
Income from Fidelity Central Funds (including $7,948 from security lending) | 272,806 | |||
Income before foreign taxes withheld | $ | 6,646,904 | ||
Less foreign taxes withheld | (731,456) | |||
Total Income | 5,915,448 | |||
Expenses | ||||
Management fee | $ | 2,978,851 | ||
Independent trustees' fees and expenses | 2,715 | |||
Interest | 22,775 | |||
Total expenses before reductions | 3,004,341 | |||
Expense reductions | (14) | |||
Total expenses after reductions | 3,004,327 | |||
Net Investment income (loss) | 2,911,121 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $85,105) | 7,825,109 | |||
Foreign currency transactions | 74,963 | |||
Total net realized gain (loss) | 7,900,072 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $592,329) | 163,414,388 | |||
Assets and liabilities in foreign currencies | 99,804 | |||
Total change in net unrealized appreciation (depreciation) | 163,514,192 | |||
Net gain (loss) | 171,414,264 | |||
Net increase (decrease) in net assets resulting from operations | $ | 174,325,385 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,911,121 | $ | 3,648,889 |
Net realized gain (loss) | 7,900,072 | (72,374,973) | ||
Change in net unrealized appreciation (depreciation) | 163,514,192 | (233,838,244) | ||
Net increase (decrease) in net assets resulting from operations | 174,325,385 | (302,564,328) | ||
Distributions to shareholders | (3,323,601) | (75,709,685) | ||
Share transactions | ||||
Proceeds from sales of shares | 156,437,704 | 376,598,093 | ||
Reinvestment of distributions | 3,323,601 | 75,709,685 | ||
Cost of shares redeemed | (100,541,311) | (234,149,001) | ||
Net increase (decrease) in net assets resulting from share transactions | 59,219,994 | 218,158,777 | ||
Total increase (decrease) in net assets | 230,221,778 | (160,115,236) | ||
Net Assets | ||||
Beginning of period | 763,117,732 | 923,232,968 | ||
End of period | $ | 993,339,510 | $ | 763,117,732 |
Other Information | ||||
Shares | ||||
Sold | 12,171,287 | 28,863,775 | ||
Issued in reinvestment of distributions | 258,445 | 4,794,787 | ||
Redeemed | (7,727,894) | (17,893,097) | ||
Net increase (decrease) | 4,701,838 | 15,765,465 | ||
Fidelity® International Capital Appreciation K6 Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 | 2018 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.29 | $ | 17.82 | $ | 13.99 | $ | 12.40 | $ | 10.17 | $ | 11.01 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .06 | .05 | .08 | .13 C | .11 | ||||||
Net realized and unrealized gain (loss) | 2.46 | (5.14) | 3.85 | 1.62 | 2.18 | (.92) | ||||||
Total from investment operations | 2.50 | (5.08) | 3.90 | 1.70 | 2.31 | (.81) | ||||||
Distributions from net investment income | (.05) | (.04) | (.07) | (.11) | (.08) | (.02) | ||||||
Distributions from net realized gain | - | (1.41) | - | - | - | (.01) | ||||||
Total distributions | (.05) | (1.45) | (.07) | (.11) | (.08) | (.03) | ||||||
Net asset value, end of period | $ | 13.74 | $ | 11.29 | $ | 17.82 | $ | 13.99 | $ | 12.40 | $ | 10.17 |
Total Return D,E | 22.15% | (30.83)% | 27.93% | 13.82% | 22.90% | (7.36)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .66% H | .65% | .65% | .65% | .65% | .65% | ||||||
Expenses net of fee waivers, if any | .66% H | .65% | .65% | .65% | .65% | .65% | ||||||
Expenses net of all reductions | .66% H | .65% | .65% | .61% | .63% | .58% | ||||||
Net investment income (loss) | .64% H | .44% | .29% | .62% | 1.16% C | .99% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 993,340 | $ | 763,118 | $ | 923,233 | $ | 760,960 | $ | 524,353 | $ | 360,963 |
Portfolio turnover rate I | 93% H | 119% J | 149% | 138% | 144% J | 158% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $213,773,128 |
Gross unrealized depreciation | (16,594,703) |
Net unrealized appreciation (depreciation) | $197,178,425 |
Tax cost | $796,678,790 |
Short-term | $(61,308,944) |
Purchases ($) | Sales ($) | |
Fidelity International Capital Appreciation K6 Fund | 471,475,702 | 416,779,669 |
Shares | Total Proceeds ($) | |
Fidelity International Capital Appreciation K6 Fund | 6,790,346 | 84,381,011 |
Amount | |
Fidelity International Capital Appreciation K6 Fund | $565 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Capital Appreciation K6 Fund | Borrower | $ 7,746,636 | 4.81% | $22,775 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Capital Appreciation K6 Fund | 38,452,213 | 9,714,067 | 556,599 |
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 International Capital Appreciation K6 Fund | $864 | $- | $- |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Capital Appreciation K6 Fund | .66% | |||||||||
Actual | $ 1,000 | $ 1,221.50 | $ 3.64 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.52 | $ 3.31 | |||||||
- 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) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.4 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.6 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.6 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.5 | |
Diageo PLC (United Kingdom, Beverages) | 2.1 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.0 | |
Compagnie Financiere Richemont SA Series A (Switzerland, Textiles, Apparel & Luxury Goods) | 2.0 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.0 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 2.0 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.8 | |
23.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.5 | |
Industrials | 21.5 | |
Health Care | 15.3 | |
Information Technology | 12.1 | |
Consumer Discretionary | 12.0 | |
Consumer Staples | 7.8 | |
Materials | 5.3 | |
Energy | 2.0 | |
Real Estate | 1.1 | |
Communication Services | 0.6 | |
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 - 99.2% | |||
Shares | Value ($) | ||
Australia - 0.8% | |||
Flutter Entertainment PLC (a) | 525,002 | 105,006,576 | |
Belgium - 1.2% | |||
Azelis Group NV | 1,450,843 | 34,371,704 | |
KBC Group NV | 1,738,365 | 124,086,374 | |
TOTAL BELGIUM | 158,458,078 | ||
Canada - 1.5% | |||
Constellation Software, Inc. | 105,670 | 206,825,715 | |
Lumine Group, Inc. | 320,650 | 4,319,196 | |
TOTAL CANADA | 211,144,911 | ||
China - 0.0% | |||
Chervon Holdings Ltd. | 1,013,200 | 5,156,046 | |
Denmark - 4.9% | |||
Carlsberg A/S Series B | 540,100 | 89,224,887 | |
DSV A/S | 1,284,831 | 241,315,365 | |
Novo Nordisk A/S Series B | 2,025,900 | 337,017,581 | |
TOTAL DENMARK | 667,557,833 | ||
Finland - 1.1% | |||
Nordea Bank ABP | 13,224,000 | 146,772,144 | |
France - 18.2% | |||
Air Liquide SA | 1,151,060 | 207,064,450 | |
ALTEN | 878,601 | 149,092,088 | |
Antin Infrastructure Partners SA | 348,800 | 5,880,444 | |
BNP Paribas SA | 1,233,500 | 79,700,616 | |
Capgemini SA | 1,070,062 | 194,433,807 | |
Edenred SA | 3,459,127 | 224,580,181 | |
EssilorLuxottica SA | 1,064,416 | 210,414,670 | |
L'Oreal SA | 424,500 | 202,421,647 | |
LVMH Moet Hennessy Louis Vuitton SE | 489,439 | 470,782,237 | |
Pernod Ricard SA | 960,200 | 221,554,493 | |
Safran SA | 1,393,800 | 216,763,452 | |
Teleperformance (b) | 244,728 | 48,755,574 | |
TotalEnergies SE | 4,204,779 | 268,685,139 | |
TOTAL FRANCE | 2,500,128,798 | ||
Germany - 7.7% | |||
Allianz SE | 762,433 | 191,452,153 | |
Deutsche Borse AG | 955,360 | 182,195,413 | |
Hannover Reuck SE | 826,916 | 176,404,204 | |
Infineon Technologies AG | 4,318,500 | 157,265,844 | |
Merck KGaA | 1,066,500 | 191,024,915 | |
Siemens Healthineers AG (c) | 2,625,200 | 163,206,578 | |
TOTAL GERMANY | 1,061,549,107 | ||
Hong Kong - 2.0% | |||
AIA Group Ltd. | 25,203,588 | 274,393,371 | |
India - 1.7% | |||
HCL Technologies Ltd. | 3,668,200 | 48,008,811 | |
HDFC Bank Ltd. | 8,845,200 | 183,069,332 | |
TOTAL INDIA | 231,078,143 | ||
Ireland - 1.0% | |||
Kingspan Group PLC (Ireland) | 2,063,300 | 142,551,602 | |
Italy - 2.6% | |||
FinecoBank SpA | 8,663,385 | 131,069,105 | |
GVS SpA (a)(c) | 869,538 | 5,916,539 | |
Recordati SpA | 3,020,439 | 138,886,693 | |
UniCredit SpA | 4,186,000 | 82,947,599 | |
TOTAL ITALY | 358,819,936 | ||
Japan - 11.1% | |||
Bandai Namco Holdings, Inc. | 1,743,000 | 39,592,979 | |
BayCurrent Consulting, Inc. | 1,053,900 | 36,633,574 | |
Capcom Co. Ltd. | 2,110,000 | 79,288,760 | |
FUJIFILM Holdings Corp. | 1,890,800 | 98,548,444 | |
Hoya Corp. | 1,526,207 | 160,030,499 | |
Misumi Group, Inc. | 2,667,661 | 67,297,637 | |
Olympus Corp. | 4,132,992 | 72,353,881 | |
Persol Holdings Co. Ltd. | 4,066,353 | 83,845,821 | |
Relo Group, Inc. | 3,070,328 | 47,732,510 | |
Shin-Etsu Chemical Co. Ltd. | 3,762,500 | 107,366,030 | |
SMC Corp. | 273,921 | 136,616,681 | |
Sony Group Corp. | 2,525,600 | 228,500,496 | |
Suzuki Motor Corp. | 2,508,445 | 87,465,657 | |
TIS, Inc. | 2,370,676 | 65,098,109 | |
Tokio Marine Holdings, Inc. | 6,461,600 | 129,923,609 | |
Tokyo Electron Ltd. | 752,400 | 86,153,944 | |
TOTAL JAPAN | 1,526,448,631 | ||
Luxembourg - 0.8% | |||
Eurofins Scientific SA (b) | 1,509,600 | 105,228,470 | |
Netherlands - 7.4% | |||
ASM International NV (Netherlands) | 395,600 | 143,000,813 | |
ASML Holding NV (Netherlands) | 569,928 | 360,160,100 | |
Euronext NV (c) | 1,093,360 | 86,864,161 | |
IMCD NV | 1,100,451 | 165,154,343 | |
Topicus.Com, Inc. (a) | 190,677 | 12,701,479 | |
Wolters Kluwer NV | 1,869,951 | 247,568,955 | |
TOTAL NETHERLANDS | 1,015,449,851 | ||
Spain - 1.4% | |||
Amadeus IT Holding SA Class A (a) | 2,669,070 | 187,595,662 | |
Sweden - 3.4% | |||
AddTech AB (B Shares) | 4,651,119 | 92,976,572 | |
Atlas Copco AB (A Shares) | 12,494,200 | 180,437,055 | |
Indutrade AB (b) | 7,103,275 | 170,186,851 | |
Kry International AB (a)(d)(e) | 4,451 | 347,929 | |
Nordnet AB | 1,701,309 | 26,676,660 | |
TOTAL SWEDEN | 470,625,067 | ||
Switzerland - 6.0% | |||
Compagnie Financiere Richemont SA Series A | 1,691,080 | 279,536,998 | |
Julius Baer Group Ltd. | 2,289,018 | 163,177,521 | |
Partners Group Holding AG | 118,630 | 114,562,193 | |
Sika AG | 747,731 | 206,540,515 | |
Sonova Holding AG | 204,833 | 64,576,763 | |
TOTAL SWITZERLAND | 828,393,990 | ||
Taiwan - 0.6% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,550,684 | 74,468,072 | |
United Kingdom - 14.1% | |||
Ashtead Group PLC | 1,690,400 | 97,234,255 | |
AstraZeneca PLC (United Kingdom) | 2,414,400 | 355,310,313 | |
BAE Systems PLC | 10,773,100 | 137,249,121 | |
Beazley PLC | 8,175,351 | 61,183,888 | |
Compass Group PLC | 9,500,687 | 250,637,247 | |
Dechra Pharmaceuticals PLC | 1,383,363 | 64,847,596 | |
Diageo PLC | 6,319,647 | 288,277,709 | |
Diploma PLC | 1,508,431 | 50,919,057 | |
Hiscox Ltd. | 4,691,272 | 69,687,837 | |
London Stock Exchange Group PLC | 1,334,900 | 140,155,509 | |
RELX PLC (London Stock Exchange) | 7,143,755 | 237,555,608 | |
Rentokil Initial PLC | 22,100,622 | 175,948,677 | |
TOTAL UNITED KINGDOM | 1,929,006,817 | ||
United States of America - 11.7% | |||
CBRE Group, Inc. (a) | 1,365,700 | 104,694,562 | |
CDW Corp. | 338,314 | 57,374,671 | |
Equifax, Inc. | 287,000 | 59,805,060 | |
Experian PLC | 4,360,200 | 154,372,371 | |
Ferguson PLC | 1,142,400 | 160,727,869 | |
ICON PLC (a) | 553,300 | 106,615,377 | |
Linde PLC | 563,400 | 208,148,130 | |
Marsh & McLennan Companies, Inc. | 1,151,228 | 207,439,773 | |
Nestle SA (Reg. S) | 2,187,951 | 280,691,302 | |
S&P Global, Inc. | 437,251 | 158,538,468 | |
Thermo Fisher Scientific, Inc. | 189,000 | 104,876,100 | |
TOTAL UNITED STATES OF AMERICA | 1,603,283,683 | ||
TOTAL COMMON STOCKS (Cost $10,671,260,348) | 13,603,116,788 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) (Cost $11,754,376) | 25,711 | 2,009,798 | |
Money Market Funds - 1.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 164,962,317 | 164,995,310 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 90,826,934 | 90,836,016 | |
TOTAL MONEY MARKET FUNDS (Cost $255,831,326) | 255,831,326 | ||
TOTAL INVESTMENT IN SECURITIES - 101.1% (Cost $10,938,846,050) | 13,860,957,912 |
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (144,195,367) |
NET ASSETS - 100.0% | 13,716,762,545 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $255,987,278 or 1.9% of net assets. |
(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 $2,357,727 or 0.0% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Kry International AB | 5/14/21 | 1,933,095 |
Kry International AB Series E | 5/14/21 | 11,754,376 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 433,222,869 | 1,525,793,862 | 1,794,021,421 | 2,828,150 | - | - | 164,995,310 | 0.4% |
Fidelity Securities Lending Cash Central Fund 4.88% | 246,472,375 | 968,703,013 | 1,124,339,372 | 546,966 | - | - | 90,836,016 | 0.3% |
Total | 679,695,244 | 2,494,496,875 | 2,918,360,793 | 3,375,116 | - | - | 255,831,326 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 79,288,760 | - | 79,288,760 | - |
Consumer Discretionary | 1,654,273,898 | 105,006,576 | 1,549,267,322 | - |
Consumer Staples | 1,082,170,038 | 513,201,027 | 568,969,011 | - |
Energy | 268,685,139 | - | 268,685,139 | - |
Financials | 2,960,760,555 | 1,696,922,953 | 1,263,837,602 | - |
Health Care | 2,074,389,436 | 1,149,677,162 | 924,712,274 | - |
Industrials | 2,944,203,743 | 1,935,476,409 | 1,008,727,334 | - |
Information Technology | 1,659,808,820 | 1,127,907,869 | 529,543,224 | 2,357,727 |
Materials | 729,119,125 | 208,148,130 | 520,970,995 | - |
Real Estate | 152,427,072 | 104,694,562 | 47,732,510 | - |
Money Market Funds | 255,831,326 | 255,831,326 | - | - |
Total Investments in Securities: | 13,860,957,912 | 7,096,866,014 | 6,761,734,171 | 2,357,727 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $86,995,514) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,683,014,724) | $ | 13,605,126,586 | ||
Fidelity Central Funds (cost $255,831,326) | 255,831,326 | |||
Total Investment in Securities (cost $10,938,846,050) | $ | 13,860,957,912 | ||
Foreign currency held at value (cost $6,465,726) | 6,465,532 | |||
Receivable for investments sold | 36,110,716 | |||
Receivable for fund shares sold | 38,515 | |||
Dividends receivable | 28,650,722 | |||
Reclaims receivable | 42,789,861 | |||
Interest receivable | 761 | |||
Distributions receivable from Fidelity Central Funds | 346,732 | |||
Total assets | 13,975,360,751 | |||
Liabilities | ||||
Payable for investments purchased | $ | 21,121,705 | ||
Payable for fund shares redeemed | 140,721,012 | |||
Other payables and accrued expenses | 5,919,473 | |||
Collateral on securities loaned | 90,836,016 | |||
Total Liabilities | 258,598,206 | |||
Net Assets | $ | 13,716,762,545 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,257,584,545 | ||
Total accumulated earnings (loss) | 2,459,178,000 | |||
Net Assets | $ | 13,716,762,545 | ||
Net Asset Value , offering price and redemption price per share ($13,716,762,545 ÷ 1,109,779,223 shares) | $ | 12.36 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 131,036,295 | ||
Interest | 32,259 | |||
Income from Fidelity Central Funds (including $546,966 from security lending) | 3,375,116 | |||
Income before foreign taxes withheld | $ | 134,443,670 | ||
Less foreign taxes withheld | (16,127,864) | |||
Total Income | 118,315,806 | |||
Expenses | ||||
Custodian fees and expenses | $ | 451,452 | ||
Independent trustees' fees and expenses | 41,994 | |||
Interest | 34,750 | |||
Total Expenses | 528,196 | |||
Net Investment income (loss) | 117,787,610 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $623,075) | (23,486,167) | |||
Redemptions in-kind | 68,149,699 | |||
Foreign currency transactions | (406,345) | |||
Total net realized gain (loss) | 44,257,187 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,186,449) | 2,712,469,297 | |||
Assets and liabilities in foreign currencies | 4,615,962 | |||
Total change in net unrealized appreciation (depreciation) | 2,717,085,259 | |||
Net gain (loss) | 2,761,342,446 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,879,130,056 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 117,787,610 | $ | 248,884,392 |
Net realized gain (loss) | 44,257,187 | (580,283,592) | ||
Change in net unrealized appreciation (depreciation) | 2,717,085,259 | (4,371,425,395) | ||
Net increase (decrease) in net assets resulting from operations | 2,879,130,056 | (4,702,824,595) | ||
Distributions to shareholders | (228,975,390) | (454,822,647) | ||
Share transactions | ||||
Proceeds from sales of shares | 796,896,465 | 3,241,589,484 | ||
Reinvestment of distributions | 228,975,390 | 454,822,647 | ||
Cost of shares redeemed | (2,276,508,363) | (1,640,720,377) | ||
Net increase (decrease) in net assets resulting from share transactions | (1,250,636,508) | 2,055,691,754 | ||
Total increase (decrease) in net assets | 1,399,518,158 | (3,101,955,488) | ||
Net Assets | ||||
Beginning of period | 12,317,244,387 | 15,419,199,875 | ||
End of period | $ | 13,716,762,545 | $ | 12,317,244,387 |
Other Information | ||||
Shares | ||||
Sold | 69,469,841 | 267,011,806 | ||
Issued in reinvestment of distributions | 20,554,344 | 32,302,745 | ||
Redeemed | (199,246,361) | (137,519,813) | ||
Net increase (decrease) | (109,222,176) | 161,794,738 | ||
Fidelity® Series Overseas Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.10 | $ | 14.58 | $ | 10.62 | $ | 10.20 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .10 | .21 | .17 | .14 | .06 D | |||||
Net realized and unrealized gain (loss) | 2.36 | (4.27) | 3.93 | .32 | .14 | |||||
Total from investment operations | 2.46 | (4.06) | 4.10 | .46 | .20 | |||||
Distributions from net investment income | (.20) | (.17) | (.14) | (.04) | - | |||||
Distributions from net realized gain | - | (.25) | - | - | - | |||||
Total distributions | (.20) | (.42) | (.14) | (.04) | - | |||||
Net asset value, end of period | $ | 12.36 | $ | 10.10 | $ | 14.58 | $ | 10.62 | $ | 10.20 |
Total Return E | 24.53% | (28.66)% | 38.89% | 4.51% | 2.00% | |||||
Ratios to Average Net Assets C,F,G | ||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% H | |||||
Expenses net of fee waivers, if any | .01% H | .01% | .01% | .01% | .01% H | |||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% H | |||||
Net investment income (loss) | 1.77% H | 1.79% | 1.29% | 1.35% | 1.69% D,H | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 13,716,763 | $ | 12,317,244 | $ | 15,419,200 | $ | 11,508,376 | $ | 6,226,806 |
Portfolio turnover rate I | 37% H,J | 28% J | 33% | 50% | 12% J,K |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $3,188,133,941 |
Gross unrealized depreciation | (296,238,956) |
Net unrealized appreciation (depreciation) | $2,891,894,985 |
Tax cost | $10,969,062,927 |
Short-term | $(373,833,934) |
Long-term | (190,697,873) |
Total capital loss carryforward | $(564,531,807) |
Purchases ($) | Sales ($) | |
Fidelity Series Overseas Fund | 2,358,724,943 | 3,217,474,118 |
Shares | Total net realized gain or loss ($) | Total Proceeds($) | |
Fidelity Series Overseas Fund | 18,984,944 | 68,149,699 | 213,753,206 |
Amount | |
Fidelity Series Overseas Fund | $ 1,243 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Overseas Fund | Borrower | $ 33,953,375 | 4.61% | $34,750 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Overseas Fund | 134,753,305 | 31,952,120 | (1,129,232) |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Overseas Fund | 4,714,174 | 10,846,765 | 47,182,852 |
Amount ($) | |
Fidelity Series Overseas Fund | 3,323 |
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 Series Overseas Fund | $60,342 | $- | $- |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® Series Overseas Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,245.30 | $ .06 | |||||||
Hypothetical- B | $ 1,000 | $ 1,024.74 | $ .05 | |||||||
- 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) | ||
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.7 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.9 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.7 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.3 | |
HDFC Bank Ltd. sponsored ADR (India, Banks) | 2.0 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.8 | |
Housing Development Finance Corp. Ltd. (India, Financial Services) | 1.8 | |
AIA Group Ltd. (Hong Kong, Insurance) | 1.6 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.6 | |
22.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.5 | |
Consumer Discretionary | 16.2 | |
Information Technology | 14.4 | |
Industrials | 13.2 | |
Health Care | 12.5 | |
Consumer Staples | 6.5 | |
Materials | 5.5 | |
Communication Services | 2.4 | |
Energy | 1.5 | |
Real Estate | 1.4 | |
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 - 96.0% | |||
Shares | Value ($) | ||
Australia - 3.6% | |||
Bapcor Ltd. | 460,232 | 2,008,266 | |
EBOS Group Ltd. | 134,967 | 3,703,901 | |
Flight Centre Travel Group Ltd. (a)(b) | 282,317 | 3,707,313 | |
Flutter Entertainment PLC (a) | 34,130 | 6,826,401 | |
Iperionx Ltd. (a) | 1,282,205 | 938,014 | |
National Storage REIT unit | 3,380,004 | 5,629,670 | |
TOTAL AUSTRALIA | 22,813,565 | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (c) | 259,839 | 2,589,563 | |
Belgium - 2.0% | |||
Azelis Group NV | 27,724 | 656,805 | |
KBC Group NV | 82,490 | 5,888,225 | |
UCB SA | 66,846 | 6,218,175 | |
TOTAL BELGIUM | 12,763,205 | ||
Brazil - 0.6% | |||
MercadoLibre, Inc. (a) | 2,943 | 3,759,653 | |
Canada - 2.6% | |||
Canadian Natural Resources Ltd. | 121,447 | 7,400,572 | |
Constellation Software, Inc. | 4,171 | 8,163,812 | |
Definity Financial Corp. | 37,539 | 1,018,237 | |
Lumine Group, Inc. | 11,739 | 158,126 | |
TOTAL CANADA | 16,740,747 | ||
China - 3.3% | |||
Alibaba Group Holding Ltd. (a) | 424,866 | 4,492,375 | |
Chervon Holdings Ltd. | 490,510 | 2,496,143 | |
Glodon Co. Ltd. (A Shares) | 324,371 | 2,725,845 | |
Li Ning Co. Ltd. | 307,725 | 2,200,732 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 60,190 | 2,721,173 | |
Tencent Holdings Ltd. | 129,632 | 5,757,750 | |
WuXi AppTec Co. Ltd. (H Shares) (c) | 78,904 | 693,955 | |
TOTAL CHINA | 21,087,973 | ||
Denmark - 2.9% | |||
DSV A/S | 31,999 | 6,010,012 | |
Novo Nordisk A/S Series B | 74,609 | 12,411,543 | |
TOTAL DENMARK | 18,421,555 | ||
Finland - 0.4% | |||
Neste OYJ | 47,585 | 2,303,946 | |
France - 13.9% | |||
Air Liquide SA | 53,821 | 9,681,872 | |
Airbus Group NV | 39,604 | 5,545,931 | |
AXA SA | 294,835 | 9,623,465 | |
BNP Paribas SA | 113,038 | 7,303,768 | |
Capgemini SA | 38,013 | 6,907,088 | |
Edenred SA | 108,614 | 7,051,650 | |
EssilorLuxottica SA | 25,002 | 4,942,417 | |
Exclusive Networks SA | 117,619 | 2,540,246 | |
L'Oreal SA | 13,617 | 6,493,229 | |
LVMH Moet Hennessy Louis Vuitton SE | 24,761 | 23,817,138 | |
Pernod Ricard SA | 22,076 | 5,093,769 | |
TOTAL FRANCE | 89,000,573 | ||
Germany - 5.7% | |||
Deutsche Borse AG | 35,522 | 6,774,353 | |
Deutsche Post AG | 126,142 | 6,067,379 | |
Merck KGaA | 29,111 | 5,214,183 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 14,095 | 5,288,401 | |
Nexus AG | 22,732 | 1,302,516 | |
Rheinmetall AG | 10,988 | 3,214,588 | |
Siemens AG | 37,559 | 6,190,934 | |
Siemens Healthineers AG (c) | 39,100 | 2,430,816 | |
Talanx AG | 82 | 4,117 | |
TOTAL GERMANY | 36,487,287 | ||
Hong Kong - 2.2% | |||
AIA Group Ltd. | 971,914 | 10,581,301 | |
Prudential PLC | 246,692 | 3,774,644 | |
TOTAL HONG KONG | 14,355,945 | ||
Hungary - 0.3% | |||
Richter Gedeon PLC | 69,095 | 1,667,415 | |
India - 5.6% | |||
Avenue Supermarts Ltd. (a)(c) | 40,097 | 1,728,809 | |
Campus Activewear Ltd. | 132,285 | 578,308 | |
HDFC Bank Ltd. sponsored ADR | 184,495 | 12,877,751 | |
Housing Development Finance Corp. Ltd. | 334,775 | 11,418,441 | |
ITC Ltd. | 369,423 | 1,928,486 | |
Larsen & Toubro Ltd. | 46,408 | 1,346,903 | |
One97 Communications Ltd. (a) | 312,487 | 2,508,345 | |
PVR Ltd. (a) | 58,238 | 1,046,050 | |
Sona Blw Precision Forgings Ltd. (c) | 234,001 | 1,379,403 | |
Star Health & Allied Insurance Co. Ltd. (a) | 81,235 | 589,254 | |
Sunteck Realty Ltd. | 132,330 | 491,687 | |
TOTAL INDIA | 35,893,437 | ||
Ireland - 1.8% | |||
Cairn Homes PLC | 2,257,220 | 2,570,106 | |
CRH PLC | 90,680 | 4,375,671 | |
Dalata Hotel Group PLC (a) | 867,172 | 4,352,470 | |
Ryanair Holdings PLC (a) | 3,200 | 52,475 | |
TOTAL IRELAND | 11,350,722 | ||
Israel - 0.4% | |||
NICE Ltd. sponsored ADR (a) | 12,153 | 2,479,334 | |
Italy - 2.2% | |||
BFF Bank SpA (c) | 242,339 | 2,328,531 | |
Ferrari NV | 12,363 | 3,444,826 | |
FinecoBank SpA | 127,798 | 1,933,467 | |
UniCredit SpA | 321,767 | 6,375,968 | |
TOTAL ITALY | 14,082,792 | ||
Japan - 17.2% | |||
Advantest Corp. | 20,894 | 1,628,309 | |
Capcom Co. Ltd. | 97,965 | 3,681,291 | |
Daiichi Sankyo Kabushiki Kaisha | 141,766 | 4,864,646 | |
Fast Retailing Co. Ltd. | 18,559 | 4,394,802 | |
FUJIFILM Holdings Corp. | 56,400 | 2,939,566 | |
Hitachi Ltd. | 187,446 | 10,368,507 | |
Hoya Corp. | 84,238 | 8,832,779 | |
Itochu Corp. | 213,001 | 7,066,278 | |
Keyence Corp. | 10,100 | 4,554,659 | |
Misumi Group, Inc. | 69,513 | 1,753,619 | |
Mitsubishi UFJ Financial Group, Inc. | 736,749 | 4,611,706 | |
NOF Corp. | 34,696 | 1,585,311 | |
Olympus Corp. | 197,702 | 3,461,054 | |
ORIX Corp. | 306,330 | 5,211,446 | |
Outsourcing, Inc. | 110,355 | 1,124,140 | |
Persol Holdings Co. Ltd. | 181,618 | 3,744,857 | |
Renesas Electronics Corp. (a) | 489,805 | 6,383,359 | |
Shin-Etsu Chemical Co. Ltd. | 264,750 | 7,554,859 | |
SMC Corp. | 6,859 | 3,420,891 | |
Sony Group Corp. | 98,704 | 8,930,121 | |
Sumitomo Mitsui Financial Group, Inc. | 98,220 | 4,014,609 | |
TechnoPro Holdings, Inc. | 64,574 | 1,761,817 | |
TIS, Inc. | 109,542 | 3,007,993 | |
Tokio Marine Holdings, Inc. | 142,971 | 2,874,723 | |
ZOZO, Inc. | 109,366 | 2,301,537 | |
TOTAL JAPAN | 110,072,879 | ||
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 130,345 | 6,416,049 | |
Netherlands - 5.3% | |||
Adyen BV (a)(c) | 2,765 | 4,442,945 | |
ASML Holding NV (Netherlands) | 23,715 | 14,986,449 | |
BE Semiconductor Industries NV (b) | 67,661 | 6,064,357 | |
IMCD NV | 16,695 | 2,505,565 | |
ING Groep NV (Certificaten Van Aandelen) | 316,452 | 3,905,423 | |
Topicus.Com, Inc. (a) | 7,711 | 513,649 | |
Universal Music Group NV | 77,214 | 1,685,477 | |
TOTAL NETHERLANDS | 34,103,865 | ||
Norway - 0.0% | |||
Volue A/S (a) | 25,910 | 43,763 | |
Russia - 0.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (a)(d) | 38,476 | 14,210 | |
Singapore - 1.2% | |||
Sea Ltd. ADR (a) | 45,179 | 3,441,284 | |
United Overseas Bank Ltd. | 205,120 | 4,356,330 | |
TOTAL SINGAPORE | 7,797,614 | ||
South Africa - 0.7% | |||
Anglo American PLC (United Kingdom) | 142,463 | 4,389,881 | |
Spain - 1.2% | |||
CaixaBank SA | 1,437,653 | 5,321,626 | |
Cie Automotive SA | 85,587 | 2,576,503 | |
TOTAL SPAIN | 7,898,129 | ||
Sweden - 3.0% | |||
ASSA ABLOY AB (B Shares) | 112,450 | 2,674,444 | |
HEXPOL AB (B Shares) | 158,282 | 1,862,949 | |
Indutrade AB | 140,476 | 3,365,654 | |
Kry International AB (a)(d)(e) | 71 | 5,550 | |
Lagercrantz Group AB (B Shares) | 237,475 | 3,052,077 | |
Nibe Industrier AB (B Shares) | 190,867 | 2,131,074 | |
Nordnet AB | 145,702 | 2,284,619 | |
Svenska Handelsbanken AB (A Shares) | 436,301 | 3,856,808 | |
TOTAL SWEDEN | 19,233,175 | ||
Switzerland - 1.4% | |||
Compagnie Financiere Richemont SA Series A | 37,516 | 6,201,427 | |
Partners Group Holding AG | 2,594 | 2,505,052 | |
TOTAL SWITZERLAND | 8,706,479 | ||
Taiwan - 2.0% | |||
MediaTek, Inc. | 71,426 | 1,551,991 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 698,618 | 11,432,289 | |
TOTAL TAIWAN | 12,984,280 | ||
United Kingdom - 9.9% | |||
AstraZeneca PLC (United Kingdom) | 126,813 | 18,662,180 | |
BAE Systems PLC | 495,622 | 6,314,216 | |
Beazley PLC | 319,126 | 2,388,322 | |
Big Yellow Group PLC | 162,840 | 2,504,906 | |
Bunzl PLC | 179,539 | 7,139,112 | |
Compass Group PLC | 393,806 | 10,388,980 | |
DCC PLC (United Kingdom) | 253 | 15,720 | |
Diageo PLC | 198,461 | 9,053,019 | |
Dr. Martens Ltd. | 359,759 | 750,983 | |
Endava PLC ADR (a) | 18,436 | 1,061,361 | |
JD Sports Fashion PLC | 1,240,804 | 2,511,382 | |
Smart Metering Systems PLC | 235,307 | 2,345,076 | |
Starling Bank Ltd. Series D (a)(d)(e) | 137,500 | 521,865 | |
Zegona Communications PLC (a) | 22,676 | 14,677 | |
TOTAL UNITED KINGDOM | 63,671,799 | ||
United States of America - 5.2% | |||
Globant SA (a) | 8,107 | 1,271,745 | |
ICON PLC (a) | 8,739 | 1,683,918 | |
Linde PLC | 12,128 | 4,480,690 | |
Nestle SA (Reg. S) | 135,932 | 17,438,658 | |
NVIDIA Corp. | 15,226 | 4,225,063 | |
RHI Magnesita NV | 30,147 | 856,252 | |
Samsonite International SA (a)(c) | 1,020,755 | 3,234,614 | |
TOTAL UNITED STATES OF AMERICA | 33,190,940 | ||
TOTAL COMMON STOCKS (Cost $573,611,231) | 614,320,775 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.0% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 1,533 | 305,067 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 8,434 | 74,810 | |
379,877 | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(d)(e) | 3,347 | 436,224 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 816,101 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 413 | 32,284 | |
TOTAL PREFERRED STOCKS (Cost $1,346,117) | 848,385 | ||
Money Market Funds - 4.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 4.88% (f) | 21,847,743 | 21,852,113 | |
Fidelity Securities Lending Cash Central Fund 4.88% (f)(g) | 5,016,681 | 5,017,183 | |
TOTAL MONEY MARKET FUNDS (Cost $26,869,296) | 26,869,296 | ||
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $601,826,644) | 642,038,456 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (1,966,727) |
NET ASSETS - 100.0% | 640,071,729 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(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 $18,828,636 or 2.9% of net assets. |
(d) | Level 3 security |
(e) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,375,800 or 0.2% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 869,539 |
ByteDance Ltd. Series E1 | 11/18/20 | 167,977 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 119,789 |
Kry International AB | 5/14/21 | 30,836 |
Kry International AB Series E | 5/14/21 | 188,812 |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 286,270 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 4.88% | 27,106,527 | 93,596,770 | 98,851,184 | 376,922 | - | - | 21,852,113 | 0.1% |
Fidelity Securities Lending Cash Central Fund 4.88% | 1,938,791 | 40,700,555 | 37,622,163 | 32,959 | - | - | 5,017,183 | 0.0% |
Total | 29,045,318 | 134,297,325 | 136,473,347 | 409,881 | - | - | 26,869,296 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 15,931,596 | 5,141,438 | 10,485,091 | 305,067 |
Consumer Discretionary | 102,923,483 | 26,792,324 | 76,131,159 | - |
Consumer Staples | 41,750,180 | 11,586,998 | 30,148,972 | 14,210 |
Energy | 9,704,518 | 9,704,518 | - | - |
Financials | 144,224,955 | 50,063,358 | 93,639,732 | 521,865 |
Health Care | 78,885,481 | 23,459,440 | 55,351,231 | 74,810 |
Industrials | 84,815,997 | 30,058,050 | 54,757,947 | - |
Information Technology | 92,581,188 | 51,467,070 | 40,640,060 | 474,058 |
Materials | 35,725,499 | 7,199,891 | 28,525,608 | - |
Real Estate | 8,626,263 | 2,504,906 | 6,121,357 | - |
Money Market Funds | 26,869,296 | 26,869,296 | - | - |
Total Investments in Securities: | 642,038,456 | 244,847,289 | 395,801,157 | 1,390,010 |
Statement of Assets and Liabilities | ||||
April 30, 2023 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $4,739,025) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $574,957,348) | $ | 615,169,160 | ||
Fidelity Central Funds (cost $26,869,296) | 26,869,296 | |||
Total Investment in Securities (cost $601,826,644) | $ | 642,038,456 | ||
Foreign currency held at value (cost $204,465) | 204,361 | |||
Receivable for investments sold | 485,228 | |||
Receivable for fund shares sold | 427,055 | |||
Dividends receivable | 1,831,101 | |||
Reclaims receivable | 945,063 | |||
Distributions receivable from Fidelity Central Funds | 84,201 | |||
Total assets | 646,015,465 | |||
Liabilities | ||||
Payable for investments purchased | $ | 121,589 | ||
Payable for fund shares redeemed | 288,921 | |||
Accrued management fee | 315,519 | |||
Other payables and accrued expenses | 200,524 | |||
Collateral on securities loaned | 5,017,183 | |||
Total Liabilities | 5,943,736 | |||
Net Assets | $ | 640,071,729 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 687,466,651 | ||
Total accumulated earnings (loss) | (47,394,922) | |||
Net Assets | $ | 640,071,729 | ||
Net Asset Value , offering price and redemption price per share ($640,071,729 ÷ 53,999,077 shares) | $ | 11.85 |
Statement of Operations | ||||
Six months ended April 30, 2023 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,785,524 | ||
Income from Fidelity Central Funds (including $32,959 from security lending) | 409,881 | |||
Income before foreign taxes withheld | $ | 7,195,405 | ||
Less foreign taxes withheld | (827,663) | |||
Total Income | 6,367,742 | |||
Expenses | ||||
Management fee | $ | 1,662,334 | ||
Independent trustees' fees and expenses | 1,599 | |||
Total expenses before reductions | 1,663,933 | |||
Expense reductions | (78) | |||
Total expenses after reductions | 1,663,855 | |||
Net Investment income (loss) | 4,703,887 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,939) | (27,580,892) | |||
Foreign currency transactions | 113,380 | |||
Total net realized gain (loss) | (27,467,512) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $39,655) | 106,221,525 | |||
Assets and liabilities in foreign currencies | 80,187 | |||
Total change in net unrealized appreciation (depreciation) | 106,301,712 | |||
Net gain (loss) | 78,834,200 | |||
Net increase (decrease) in net assets resulting from operations | $ | 83,538,087 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2023 (Unaudited) | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,703,887 | $ | 9,318,000 |
Net realized gain (loss) | (27,467,512) | (61,862,335) | ||
Change in net unrealized appreciation (depreciation) | 106,301,712 | (118,418,158) | ||
Net increase (decrease) in net assets resulting from operations | 83,538,087 | (170,962,493) | ||
Distributions to shareholders | (4,996,303) | (8,038,015) | ||
Share transactions | ||||
Proceeds from sales of shares | 128,892,145 | 304,547,005 | ||
Reinvestment of distributions | 4,996,303 | 8,038,015 | ||
Cost of shares redeemed | (40,410,909) | (96,424,320) | ||
Net increase (decrease) in net assets resulting from share transactions | 93,477,539 | 216,160,700 | ||
Total increase (decrease) in net assets | 172,019,323 | 37,160,192 | ||
Net Assets | ||||
Beginning of period | 468,052,406 | 430,892,214 | ||
End of period | $ | 640,071,729 | $ | 468,052,406 |
Other Information | ||||
Shares | ||||
Sold | 11,373,065 | 24,327,055 | ||
Issued in reinvestment of distributions | 448,904 | 555,879 | ||
Redeemed | (3,559,073) | (7,923,935) | ||
Net increase (decrease) | 8,262,896 | 16,958,999 | ||
Fidelity® International Discovery K6 Fund |
Six months ended (Unaudited) April 30, 2023 | Years ended October 31, 2022 | 2021 | 2020 | 2019 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.23 | $ | 14.97 | $ | 11.29 | $ | 10.49 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .10 | .24 | .16 | .12 | .06 D | |||||
Net realized and unrealized gain (loss) | 1.63 | (4.70) | 3.60 | .77 | .43 | |||||
Total from investment operations | 1.73 | (4.46) | 3.76 | .89 | .49 | |||||
Distributions from net investment income | (.11) | (.28) | (.08) | (.04) | - | |||||
Distributions from net realized gain | - | - | - | (.05) | - | |||||
Total distributions | (.11) | (.28) | (.08) | (.09) | - | |||||
Net asset value, end of period | $ | 11.85 | $ | 10.23 | $ | 14.97 | $ | 11.29 | $ | 10.49 |
Total Return E,F | 16.96% | (30.35)% | 33.43% | 8.51% | 4.90% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .60% I | .60% | .60% | .60% | .60% I | |||||
Expenses net of fee waivers, if any | .60% I | .60% | .60% | .60% | .60% I | |||||
Expenses net of all reductions | .60% I | .60% | .60% | .60% | .60% I | |||||
Net investment income (loss) | 1.70% I | 1.98% | 1.11% | 1.16% | 1.67% D,I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 640,072 | $ | 468,052 | $ | 430,892 | $ | 103,173 | $ | 61,421 |
Portfolio turnover rate J | 64% I,K | 50% K | 58% K | 42% K | 59% K,L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense Ratio A |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $67,853,518 |
Gross unrealized depreciation | (28,197,425) |
Net unrealized appreciation (depreciation) | $39,656,093 |
Tax cost | $602,382,363 |
Short-term | $(55,440,972) |
Long-term | (7,345,542) |
Total capital loss carryforward | $(62,786,514) |
Purchases ($) | Sales ($) | |
Fidelity International Discovery K6 Fund | 190,337,235 | 166,495,447 |
Shares | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 6,335,816 | 72,271,270 |
Shares | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 15,540,854 | 197,763,447 |
Amount | |
Fidelity International Discovery K6 Fund | $203 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Discovery K6 Fund | 5,515,563 | 2,414,367 | (568,117) |
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 International Discovery K6 Fund | $3,747 | $- | $- |
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, 2022 to April 30, 2023). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2022 | Ending Account Value April 30, 2023 | Expenses Paid During Period- C November 1, 2022 to April 30, 2023 | |||||||
Fidelity® International Discovery K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 1,169.60 | $ 3.23 | |||||||
Hypothetical- B | $ 1,000 | $ 1,021.82 | $ 3.01 | |||||||
- 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 Investment Trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Investment Trust’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 13.
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 Investment Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | June 22, 2023 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer | |
Date: | June 22, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | June 22, 2023 |