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, Massachusetts 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: | October 31, 2023 |
Item 1.
Reports to Stockholders
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | -4.92% | 6.30% | 3.57% |
Class M (incl. 3.50% sales charge) | -2.90% | 6.51% | 3.52% |
Class C (incl. contingent deferred sales charge) | -0.88% | 6.75% | 3.57% |
Fidelity® Canada Fund | 1.18% | 7.90% | 4.51% |
Class I | 1.20% | 7.95% | 4.54% |
Class Z | 1.33% | 8.06% | 4.60% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Canada Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the S&P/TSX Composite Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Royal Bank of Canada (Banks) | 7.1 | |
The Toronto-Dominion Bank (Banks) | 7.0 | |
Canadian Pacific Kansas City Ltd. (Ground Transportation) | 6.6 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Consumer Staples Distribution & Retail) | 6.5 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 5.6 | |
Constellation Software, Inc. (Software) | 4.7 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 4.3 | |
PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) | 4.0 | |
Franco-Nevada Corp. (Metals & Mining) | 3.8 | |
Dollarama, Inc. (Broadline Retail) | 3.2 | |
52.8 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 25.9 | |
Energy | 18.8 | |
Industrials | 14.3 | |
Materials | 11.4 | |
Consumer Staples | 9.9 | |
Information Technology | 8.3 | |
Consumer Discretionary | 6.8 | |
Communication Services | 3.7 | |
Health Care | 0.7 | |
Utilities | 0.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.6% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.4% | |||
Diversified Telecommunication Services - 2.1% | |||
Quebecor, Inc.: | |||
Class A | 352,400 | 7,689,651 | |
Class B (sub. vtg.) | 171,000 | 3,527,896 | |
TELUS Corp. | 354,700 | 5,719,194 | |
16,936,741 | |||
Wireless Telecommunication Services - 1.3% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 292,100 | 10,822,497 | |
TOTAL COMMUNICATION SERVICES | 27,759,238 | ||
CONSUMER DISCRETIONARY - 6.8% | |||
Automobile Components - 0.7% | |||
Magna International, Inc. Class A (sub. vtg.) | 118,400 | 5,689,689 | |
Broadline Retail - 3.2% | |||
Dollarama, Inc. | 384,000 | 26,223,039 | |
Hotels, Restaurants & Leisure - 2.3% | |||
Restaurant Brands International, Inc. | 281,700 | 18,922,196 | |
Specialty Retail - 0.4% | |||
Aritzia, Inc. (a) | 159,800 | 2,485,586 | |
Diversified Royalty Corp. (b) | 817,400 | 1,432,329 | |
3,917,915 | |||
Textiles, Apparel & Luxury Goods - 0.2% | |||
Canada Goose Holdings, Inc. (a)(b) | 140,876 | 1,562,411 | |
TOTAL CONSUMER DISCRETIONARY | 56,315,250 | ||
CONSUMER STAPLES - 9.9% | |||
Beverages - 0.1% | |||
GURU Organic Energy Corp. (a)(b) | 322,600 | 521,092 | |
Consumer Staples Distribution & Retail - 9.5% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 979,700 | 53,331,569 | |
Metro, Inc. | 351,195 | 17,838,959 | |
North West Co., Inc. (b) | 277,500 | 7,075,825 | |
78,246,353 | |||
Personal Care Products - 0.3% | |||
Jamieson Wellness, Inc. (c) | 160,800 | 2,640,286 | |
TOTAL CONSUMER STAPLES | 81,407,731 | ||
ENERGY - 18.8% | |||
Energy Equipment & Services - 0.7% | |||
Pason Systems, Inc. | 605,200 | 5,799,970 | |
Oil, Gas & Consumable Fuels - 18.1% | |||
Cameco Corp. | 184,100 | 7,531,273 | |
Canadian Natural Resources Ltd. | 732,098 | 46,488,949 | |
Enbridge, Inc. | 385,800 | 12,363,405 | |
Parkland Corp. | 491,600 | 14,878,278 | |
PrairieSky Royalty Ltd. (b) | 1,855,318 | 32,577,605 | |
Suncor Energy, Inc. | 1,095,600 | 35,481,086 | |
149,320,596 | |||
TOTAL ENERGY | 155,120,566 | ||
FINANCIALS - 25.9% | |||
Banks - 14.1% | |||
Royal Bank of Canada (b) | 730,900 | 58,377,128 | |
The Toronto-Dominion Bank | 1,030,600 | 57,566,451 | |
115,943,579 | |||
Capital Markets - 4.9% | |||
Brookfield Asset Management Ltd. Class A | 441,201 | 12,646,648 | |
Brookfield Corp. (Canada) Class A | 537,406 | 15,656,176 | |
TMX Group Ltd. | 569,500 | 11,860,220 | |
40,163,044 | |||
Insurance - 6.9% | |||
Definity Financial Corp. (b) | 486,213 | 13,442,514 | |
Intact Financial Corp. | 139,025 | 19,533,175 | |
Sun Life Financial, Inc. | 526,800 | 24,061,664 | |
57,037,353 | |||
TOTAL FINANCIALS | 213,143,976 | ||
HEALTH CARE - 0.7% | |||
Health Care Providers & Services - 0.7% | |||
Andlauer Healthcare Group, Inc. | 179,000 | 5,013,420 | |
dentalcorp Holdings Ltd. (a)(b) | 223,500 | 886,425 | |
5,899,845 | |||
INDUSTRIALS - 14.3% | |||
Commercial Services & Supplies - 2.4% | |||
GFL Environmental, Inc. | 693,300 | 19,972,839 | |
Ground Transportation - 9.1% | |||
Canadian National Railway Co. | 196,250 | 20,764,927 | |
Canadian Pacific Kansas City Ltd. | 764,362 | 54,270,115 | |
75,035,042 | |||
Professional Services - 2.8% | |||
Thomson Reuters Corp. | 187,600 | 22,471,416 | |
TOTAL INDUSTRIALS | 117,479,297 | ||
INFORMATION TECHNOLOGY - 8.2% | |||
IT Services - 2.5% | |||
Shopify, Inc. Class A (a) | 428,400 | 20,231,416 | |
Software - 5.7% | |||
ApplyBoard, Inc. (a)(d)(e) | 1,677 | 95,136 | |
ApplyBoard, Inc. (non-vtg.) (a)(d)(e) | 414 | 23,486 | |
Computer Modelling Group Ltd. | 513,400 | 3,391,198 | |
Constellation Software, Inc. | 19,100 | 38,289,664 | |
Constellation Software, Inc. warrants 8/22/28 (a)(e) | 19,300 | 1 | |
Dye & Durham Ltd. | 717,900 | 4,188,074 | |
Lumine Group, Inc. | 86,107 | 1,082,896 | |
47,070,455 | |||
TOTAL INFORMATION TECHNOLOGY | 67,301,871 | ||
MATERIALS - 11.4% | |||
Chemicals - 2.5% | |||
Nutrien Ltd. | 384,481 | 20,649,825 | |
Containers & Packaging - 1.1% | |||
CCL Industries, Inc.: | |||
Class A | 25,900 | 1,017,697 | |
Class B | 209,600 | 8,195,069 | |
9,212,766 | |||
Metals & Mining - 7.1% | |||
Franco-Nevada Corp. | 255,100 | 31,033,258 | |
Lundin Mining Corp. | 947,900 | 5,919,462 | |
Triple Flag Precious Metals Corp. | 180,900 | 2,299,814 | |
Wheaton Precious Metals Corp. | 447,700 | 18,908,808 | |
58,161,342 | |||
Paper & Forest Products - 0.7% | |||
Stella-Jones, Inc. | 112,723 | 5,904,596 | |
Western Forest Products, Inc. | 416,270 | 216,127 | |
6,120,723 | |||
TOTAL MATERIALS | 94,144,656 | ||
UTILITIES - 0.2% | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
Brookfield Renewable Corp. | 66,500 | 1,513,540 | |
TOTAL COMMON STOCKS (Cost $498,096,392) | 820,085,970 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.1% | |||
Software - 0.1% | |||
ApplyBoard, Inc.: | |||
Series A1 (a)(d)(e) | 2,063 | 117,034 | |
Series A2 (a)(d)(e) | 1,615 | 91,619 | |
Series A3 (a)(d)(e) | 92 | 5,219 | |
Series D (a)(d)(e) | 4,504 | 255,512 | |
Series Seed (a)(d)(e) | 617 | 35,002 | |
(Cost $770,130) | 504,386 | ||
Convertible Bonds - 0.3% | |||
Principal Amount (f) | Value ($) | ||
COMMUNICATION SERVICES - 0.3% | |||
Entertainment - 0.3% | |||
Cineplex, Inc. 5.75% 9/30/25 (c) (Cost $2,375,263) | CAD | 3,203,000 | 2,286,620 |
Money Market Funds - 2.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (g) | 373,266 | 373,341 | |
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h) | 22,378,257 | 22,380,495 | |
TOTAL MONEY MARKET FUNDS (Cost $22,753,836) | 22,753,836 | ||
TOTAL INVESTMENT IN SECURITIES - 102.8% (Cost $523,995,621) | 845,630,812 |
NET OTHER ASSETS (LIABILITIES) - (2.8)% | (22,658,043) |
NET ASSETS - 100.0% | 822,972,769 |
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 $4,926,906 or 0.6% 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 $623,008 or 0.1% of net assets. |
(e) | Level 3 security |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 505,538 | 30,470,111 | 30,602,308 | 17,196 | - | - | 373,341 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 29,353,183 | 893,587,576 | 900,560,264 | 166,086 | - | - | 22,380,495 | 0.1% |
Total | 29,858,721 | 924,057,687 | 931,162,572 | 183,282 | - | - | 22,753,836 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 27,759,238 | 27,759,238 | - | - |
Consumer Discretionary | 56,315,250 | 56,315,250 | - | - |
Consumer Staples | 81,407,731 | 81,407,731 | - | - |
Energy | 155,120,566 | 155,120,566 | - | - |
Financials | 213,143,976 | 213,143,976 | - | - |
Health Care | 5,899,845 | 5,899,845 | - | - |
Industrials | 117,479,297 | 117,479,297 | - | - |
Information Technology | 67,806,257 | 67,183,248 | - | 623,009 |
Materials | 94,144,656 | 94,144,656 | - | - |
Utilities | 1,513,540 | 1,513,540 | - | - |
Corporate Bonds | 2,286,620 | - | 2,286,620 | - |
Money Market Funds | 22,753,836 | 22,753,836 | - | - |
Total Investments in Securities: | 845,630,812 | 842,721,183 | 2,286,620 | 623,009 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $21,296,454) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $501,241,785) | $ | 822,876,976 | ||
Fidelity Central Funds (cost $22,753,836) | 22,753,836 | |||
Total Investment in Securities (cost $523,995,621) | $ | 845,630,812 | ||
Receivable for investments sold | 133,877 | |||
Receivable for fund shares sold | 79,039 | |||
Dividends receivable | 1,326,980 | |||
Interest receivable | 11,644 | |||
Distributions receivable from Fidelity Central Funds | 24,064 | |||
Prepaid expenses | 1,243 | |||
Total assets | 847,207,659 | |||
Liabilities | ||||
Payable to custodian bank | $ | 630,407 | ||
Payable for investments purchased | 43,978 | |||
Payable for fund shares redeemed | 327,516 | |||
Accrued management fee | 623,556 | |||
Distribution and service plan fees payable | 9,602 | |||
Other affiliated payables | 161,114 | |||
Other payables and accrued expenses | 61,796 | |||
Collateral on securities loaned | 22,376,921 | |||
Total Liabilities | 24,234,890 | |||
Net Assets | $ | 822,972,769 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 476,382,574 | ||
Total accumulated earnings (loss) | 346,590,195 | |||
Net Assets | $ | 822,972,769 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($28,547,580 ÷ 493,896 shares)(a) | $ | 57.80 | ||
Maximum offering price per share (100/94.25 of $57.80) | $ | 61.33 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,254,821 ÷ 108,807 shares)(a) | $ | 57.49 | ||
Maximum offering price per share (100/96.50 of $57.49) | $ | 59.58 | ||
Class C : | ||||
Net Asset Value and offering price per share ($844,278 ÷ 14,835 shares)(a) | $ | 56.91 | ||
Canada : | ||||
Net Asset Value, offering price and redemption price per share ($774,062,446 ÷ 13,312,880 shares) | $ | 58.14 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($10,571,236 ÷ 181,653 shares) | $ | 58.19 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($2,692,408 ÷ 46,413 shares) | $ | 58.01 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 23,871,296 | ||
Interest | 213,515 | |||
Income from Fidelity Central Funds (including $166,086 from security lending) | 183,282 | |||
Income before foreign taxes withheld | $ | 24,268,093 | ||
Less foreign taxes withheld | (3,592,804) | |||
Total Income | 20,675,289 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 6,094,294 | ||
Performance adjustment | 1,226,787 | |||
Transfer agent fees | 1,575,938 | |||
Distribution and service plan fees | 123,826 | |||
Accounting fees | 408,208 | |||
Custodian fees and expenses | 20,923 | |||
Independent trustees' fees and expenses | 5,098 | |||
Registration fees | 84,922 | |||
Audit | 64,953 | |||
Legal | 1,817 | |||
Miscellaneous | 4,257 | |||
Total expenses before reductions | 9,611,023 | |||
Expense reductions | (55,182) | |||
Total expenses after reductions | 9,555,841 | |||
Net Investment income (loss) | 11,119,448 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 21,012,530 | |||
Foreign currency transactions | (97,192) | |||
Total net realized gain (loss) | 20,915,338 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (17,871,260) | |||
Assets and liabilities in foreign currencies | (2,428) | |||
Total change in net unrealized appreciation (depreciation) | (17,873,688) | |||
Net gain (loss) | 3,041,650 | |||
Net increase (decrease) in net assets resulting from operations | $ | 14,161,098 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 11,119,448 | $ | 11,825,119 |
Net realized gain (loss) | 20,915,338 | 24,520,329 | ||
Change in net unrealized appreciation (depreciation) | (17,873,688) | (104,988,178) | ||
Net increase (decrease) in net assets resulting from operations | 14,161,098 | (68,642,730) | ||
Distributions to shareholders | (34,966,270) | (44,124,388) | ||
Share transactions - net increase (decrease) | (43,174,882) | 99,770,958 | ||
Total increase (decrease) in net assets | (63,980,054) | (12,996,160) | ||
Net Assets | ||||
Beginning of period | 886,952,823 | 899,948,983 | ||
End of period | $ | 822,972,769 | $ | 886,952,823 |
Fidelity Advisor® Canada Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 59.44 | $ | 67.23 | $ | 46.01 | $ | 51.95 | $ | 49.75 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .57 | .63 | .55 | .61 | .66 | |||||
Net realized and unrealized gain (loss) | (.01) C | (5.30) | 21.89 | (4.38) | 4.56 | |||||
Total from investment operations | .56 | (4.67) | 22.44 | (3.77) | 5.22 | |||||
Distributions from net investment income | (.68) | (.61) | (.63) | (.77) | (.39) | |||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | |||||
Total distributions | (2.20) | (3.12) | (1.22) | (2.17) | (3.02) | |||||
Net asset value, end of period | $ | 57.80 | $ | 59.44 | $ | 67.23 | $ | 46.01 | $ | 51.95 |
Total Return D,E | .88% | (7.06)% | 49.45% | (7.70)% | 11.34% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.36% | 1.20% | 1.12% | 1.20% | 1.20% | |||||
Expenses net of fee waivers, if any | 1.36% | 1.20% | 1.12% | 1.20% | 1.20% | |||||
Expenses net of all reductions | 1.35% | 1.20% | 1.12% | 1.19% | 1.19% | |||||
Net investment income (loss) | .94% | 1.00% | .92% | 1.27% | 1.32% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 28,548 | $ | 31,707 | $ | 33,087 | $ | 23,395 | $ | 30,598 |
Portfolio turnover rate H | 9% | 13% | 7% | 11% | 8% I |
Fidelity Advisor® Canada Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 59.09 | $ | 66.84 | $ | 45.74 | $ | 51.67 | $ | 49.46 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .41 | .45 | .38 | .47 | .51 | |||||
Net realized and unrealized gain (loss) | - C | (5.26) | 21.78 | (4.36) | 4.55 | |||||
Total from investment operations | .41 | (4.81) | 22.16 | (3.89) | 5.06 | |||||
Distributions from net investment income | (.49) | (.42) | (.47) | (.64) | (.22) | |||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | |||||
Total distributions | (2.01) | (2.94) D | (1.06) | (2.04) | (2.85) | |||||
Net asset value, end of period | $ | 57.49 | $ | 59.09 | $ | 66.84 | $ | 45.74 | $ | 51.67 |
Total Return E,F | .62% | (7.32)% | 49.04% | (7.95)% | 11.02% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.63% | 1.48% | 1.40% | 1.47% | 1.49% | |||||
Expenses net of fee waivers, if any | 1.63% | 1.48% | 1.39% | 1.47% | 1.48% | |||||
Expenses net of all reductions | 1.62% | 1.48% | 1.39% | 1.47% | 1.48% | |||||
Net investment income (loss) | .68% | .72% | .64% | .99% | 1.03% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 6,255 | $ | 6,641 | $ | 7,829 | $ | 5,911 | $ | 8,589 |
Portfolio turnover rate I | 9% | 13% | 7% | 11% | 8% J |
Fidelity Advisor® Canada Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 58.39 | $ | 65.76 | $ | 44.96 | $ | 50.61 | $ | 48.48 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .10 | .14 | .08 | .24 | .29 | |||||
Net realized and unrealized gain (loss) | - C | (5.19) | 21.46 | (4.31) | 4.47 | |||||
Total from investment operations | .10 | (5.05) | 21.54 | (4.07) | 4.76 | |||||
Distributions from net investment income | (.05) | - | (.15) | (.18) | - | |||||
Distributions from net realized gain | (1.52) | (2.32) | (.59) | (1.40) | (2.63) | |||||
Total distributions | (1.58) D | (2.32) | (.74) | (1.58) | (2.63) | |||||
Net asset value, end of period | $ | 56.91 | $ | 58.39 | $ | 65.76 | $ | 44.96 | $ | 50.61 |
Total Return E,F | .10% | (7.79)% | 48.31% | (8.39)% | 10.53% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 2.14% | 1.99% | 1.90% | 1.95% | 1.92% | |||||
Expenses net of fee waivers, if any | 2.13% | 1.98% | 1.90% | 1.95% | 1.92% | |||||
Expenses net of all reductions | 2.13% | 1.98% | 1.90% | 1.95% | 1.91% | |||||
Net investment income (loss) | .16% | .22% | .14% | .51% | .60% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 844 | $ | 1,109 | $ | 1,683 | $ | 3,151 | $ | 6,226 |
Portfolio turnover rate I | 9% | 13% | 7% | 11% | 8% J |
Fidelity® Canada Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 59.79 | $ | 67.62 | $ | 46.26 | $ | 52.21 | $ | 50.02 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .77 | .83 | .74 | .76 | .82 | |||||
Net realized and unrealized gain (loss) | (.03) C | (5.33) | 21.99 | (4.38) | 4.58 | |||||
Total from investment operations | .74 | (4.50) | 22.73 | (3.62) | 5.40 | |||||
Distributions from net investment income | (.87) | (.82) | (.78) | (.92) | (.58) | |||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | |||||
Total distributions | (2.39) | (3.33) | (1.37) | (2.33) D | (3.21) | |||||
Net asset value, end of period | $ | 58.14 | $ | 59.79 | $ | 67.62 | $ | 46.26 | $ | 52.21 |
Total Return E | 1.18% | (6.77)% | 49.91% | (7.40)% | 11.70% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.05% | .89% | .80% | .88% | .88% | |||||
Expenses net of fee waivers, if any | 1.04% | .88% | .80% | .88% | .88% | |||||
Expenses net of all reductions | 1.04% | .88% | .80% | .88% | .87% | |||||
Net investment income (loss) | 1.25% | 1.32% | 1.24% | 1.58% | 1.64% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 774,062 | $ | 825,488 | $ | 821,617 | $ | 612,716 | $ | 803,629 |
Portfolio turnover rate H | 9% | 13% | 7% | 11% | 8% I |
Fidelity Advisor® Canada Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 59.84 | $ | 67.70 | $ | 46.24 | $ | 52.11 | $ | 49.93 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .78 | .85 | .78 | .79 | .85 | |||||
Net realized and unrealized gain (loss) | (.03) C | (5.34) | 22.00 | (4.39) | 4.55 | |||||
Total from investment operations | .75 | (4.49) | 22.78 | (3.60) | 5.40 | |||||
Distributions from net investment income | (.88) | (.86) | (.73) | (.87) | (.59) | |||||
Distributions from net realized gain | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | |||||
Total distributions | (2.40) | (3.37) | (1.32) | (2.27) | (3.22) | |||||
Net asset value, end of period | $ | 58.19 | $ | 59.84 | $ | 67.70 | $ | 46.24 | $ | 52.11 |
Total Return D | 1.20% | (6.74)% | 50.02% | (7.35)% | 11.74% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.03% | .86% | .74% | .81% | .84% | |||||
Expenses net of fee waivers, if any | 1.03% | .86% | .74% | .81% | .84% | |||||
Expenses net of all reductions | 1.03% | .86% | .74% | .81% | .83% | |||||
Net investment income (loss) | 1.27% | 1.34% | 1.29% | 1.65% | 1.68% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 10,571 | $ | 16,165 | $ | 13,724 | $ | 8,392 | $ | 14,507 |
Portfolio turnover rate G | 9% | 13% | 7% | 11% | 8% H |
Fidelity Advisor® Canada Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 59.55 | $ | 67.38 | $ | 46.11 | $ | 52.07 | $ | 49.94 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .85 | .92 | .82 | .84 | .92 | |||||
Net realized and unrealized gain (loss) | (.03) C | (5.33) | 21.91 | (4.37) | 4.53 | |||||
Total from investment operations | .82 | (4.41) | 22.73 | (3.53) | 5.45 | |||||
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 | $ | 58.01 | $ | 59.55 | $ | 67.38 | $ | 46.11 | $ | 52.07 |
Total Return D | 1.33% | (6.66)% | 50.13% | (7.24)% | 11.87% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .92% | .75% | .66% | .72% | .72% | |||||
Expenses net of fee waivers, if any | .91% | .75% | .66% | .72% | .72% | |||||
Expenses net of all reductions | .91% | .75% | .66% | .72% | .71% | |||||
Net investment income (loss) | 1.38% | 1.45% | 1.38% | 1.74% | 1.80% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,692 | $ | 5,843 | $ | 22,010 | $ | 15,221 | $ | 20,496 |
Portfolio turnover rate G | 9% | 13% | 7% | 11% | 8% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $347,459,833 |
Gross unrealized depreciation | (28,846,274) |
Net unrealized appreciation (depreciation) | $318,613,559 |
Tax Cost | $527,017,253 |
Undistributed ordinary income | $9,640,053 |
Undistributed long-term capital gain | $18,340,438 |
Net unrealized appreciation (depreciation) on securities and other investments | $318,609,706 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $12,611,012 | $13,229,283 |
Long-term Capital Gains | 22,355,258 | 30,895,105 |
Total | $34,966,270 | $44,124,388 |
Purchases ($) | Sales ($) | |
Fidelity Canada Fund | 78,095,772 | 139,775,458 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $79,642 | $380 |
Class M | .25% | .25% | 34,004 | 102 |
Class C | .75% | .25% | 10,180 | 958 |
$123,826 | $1,440 |
Retained by FDC | |
Class A | $4,416 |
Class M | 418 |
Class CA | 107 |
$4,941 |
Amount | % of Class-Level Average Net Assets | |
Class A | $74,400 | .23 |
Class M | 17,403 | .26 |
Class C | 2,608 | .26 |
Canada | 1,458,610 | .17 |
Class I | 21,450 | .16 |
Class Z | 1,467 | .04 |
$1,575,938 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.2000 |
Class C | 0.2000 |
Canada | 0.1694 |
Class I | 0.1500 |
% of Average Net Assets | |
Fidelity Canada Fund | .05 |
% of Average Net Assets | |
Fidelity Canada Fund | 0.0450 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Canada Fund | 441,130 | 3,356,574 | (112,725) |
Amount | |
Fidelity Canada Fund | $1,645 |
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 | $17,938 | $- | $- |
Expense reduction | |
Class A | $104 |
Class M | 793 |
Class C | 11 |
$908 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Canada Fund | ||||
Class A | ||||
Shares sold | 21,447 | 91,502 | $1,305,304 | $5,737,202 |
Reinvestment of distributions | 18,742 | 23,772 | 1,102,198 | 1,449,851 |
Shares redeemed | (79,708) | (73,975) | (4,871,865) | (4,692,234) |
Net increase (decrease) | (39,519) | 41,299 | $(2,464,363) | $2,494,819 |
Class M | ||||
Shares sold | 3,145 | 6,970 | $189,947 | $443,908 |
Reinvestment of distributions | 3,795 | 5,557 | 222,444 | 337,743 |
Shares redeemed | (10,510) | (17,269) | (631,738) | (1,094,130) |
Net increase (decrease) | (3,570) | (4,742) | $(219,347) | $(312,479) |
Class C | ||||
Shares sold | 1,809 | 3,877 | $108,691 | $245,296 |
Reinvestment of distributions | 490 | 977 | 28,556 | 58,947 |
Shares redeemed | (6,450) | (11,456) | (390,489) | (711,381) |
Net increase (decrease) | (4,151) | (6,602) | $(253,242) | $(407,138) |
Canada | ||||
Shares sold | 602,311 | 2,660,313 | $36,851,268 | $168,972,527 |
Reinvestment of distributions | 524,933 | 619,960 | 30,971,047 | 37,922,967 |
Shares redeemed | (1,620,750) | (1,624,197) | (99,399,772) | (101,772,732) |
Net increase (decrease) | (493,506) | 1,656,076 | $(31,577,457) | $105,122,762 |
Class I | ||||
Shares sold | 65,023 | 238,697 | $3,953,919 | $15,537,489 |
Reinvestment of distributions | 10,141 | 12,737 | 598,723 | 779,507 |
Shares redeemed | (163,668) | (183,998) | (10,006,385) | (11,689,703) |
Net increase (decrease) | (88,504) | 67,436 | $(5,453,743) | $4,627,293 |
Class Z | ||||
Shares sold | 28,551 | 156,264 | $1,711,374 | $10,087,519 |
Reinvestment of distributions | 2,264 | 18,285 | 133,088 | 1,112,618 |
Shares redeemed | (82,521) | (403,081) | (5,051,192) | (22,954,436) |
Net increase (decrease) | (51,706) | (228,532) | $(3,206,730) | $(11,754,299) |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 16.85% | 3.46% | 3.55% |
Class M (incl. 3.50% sales charge) | 19.31% | 3.63% | 3.47% |
Class C (incl. contingent deferred sales charge) | 22.06% | 3.92% | 3.55% |
Fidelity® China Region Fund | 24.34% | 5.01% | 4.49% |
Class I | 24.40% | 5.01% | 4.49% |
Class Z | 24.55% | 5.15% | 4.56% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® China Region Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI Golden Dragon Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 20.4 | |
Tencent Holdings Ltd. (Interactive Media & Services) | 9.9 | |
Alibaba Group Holding Ltd. (Broadline Retail) | 6.5 | |
AIA Group Ltd. (Insurance) | 4.6 | |
Meituan Class B (Hotels, Restaurants & Leisure) | 3.4 | |
NetEase, Inc. (Entertainment) | 2.8 | |
China Construction Bank Corp. (H Shares) (Banks) | 2.7 | |
Industrial & Commercial Bank of China Ltd. (H Shares) (Banks) | 2.6 | |
PDD Holdings, Inc. ADR (Broadline Retail) | 2.5 | |
Kweichow Moutai Co. Ltd. (A Shares) (Beverages) | 2.2 | |
57.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 27.1 | |
Consumer Discretionary | 21.8 | |
Financials | 14.5 | |
Communication Services | 14.4 | |
Health Care | 5.6 | |
Industrials | 4.6 | |
Consumer Staples | 4.3 | |
Materials | 3.0 | |
Energy | 1.8 | |
Real Estate | 1.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 13.4% | |||
Entertainment - 3.1% | |||
NetEase, Inc. | 1,190,900 | 25,487,107 | |
Sea Ltd. ADR (a) | 62,600 | 2,610,420 | |
28,097,527 | |||
Interactive Media & Services - 10.3% | |||
JOYY, Inc. ADR | 94,531 | 3,679,147 | |
Tencent Holdings Ltd. | 2,387,700 | 88,365,807 | |
92,044,954 | |||
TOTAL COMMUNICATION SERVICES | 120,142,481 | ||
CONSUMER DISCRETIONARY - 21.8% | |||
Automobile Components - 0.6% | |||
Fuyao Glass Industries Group Co. Ltd. (H Shares) (b) | 1,255,200 | 5,722,572 | |
Automobiles - 2.7% | |||
BYD Co. Ltd. (H Shares) | 290,000 | 8,818,937 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 9,646,000 | 4,519,132 | |
Li Auto, Inc. ADR (a) | 309,700 | 10,470,957 | |
23,809,026 | |||
Broadline Retail - 9.0% | |||
Alibaba Group Holding Ltd. (a) | 5,675,200 | 58,426,633 | |
PDD Holdings, Inc. ADR (a) | 220,105 | 22,323,049 | |
80,749,682 | |||
Diversified Consumer Services - 0.5% | |||
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 69,100 | 4,525,359 | |
Hotels, Restaurants & Leisure - 6.1% | |||
Galaxy Entertainment Group Ltd. | 1,317,000 | 7,403,471 | |
Meituan Class B (a)(b) | 2,163,358 | 30,665,630 | |
Trip.com Group Ltd. (a) | 144,000 | 4,907,754 | |
Trip.com Group Ltd. ADR (a) | 330,400 | 11,233,600 | |
54,210,455 | |||
Household Durables - 1.0% | |||
Haier Smart Home Co. Ltd. (A Shares) | 2,981,127 | 9,059,627 | |
Textiles, Apparel & Luxury Goods - 1.9% | |||
Li Ning Co. Ltd. | 1,458,000 | 4,467,901 | |
LVMH Moet Hennessy Louis Vuitton SE | 9,600 | 6,872,933 | |
Shenzhou International Group Holdings Ltd. | 555,300 | 5,454,419 | |
16,795,253 | |||
TOTAL CONSUMER DISCRETIONARY | 194,871,974 | ||
CONSUMER STAPLES - 4.3% | |||
Beverages - 2.7% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 84,845 | 19,544,405 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 232,360 | 4,954,170 | |
24,498,575 | |||
Food Products - 0.8% | |||
Uni-President Enterprises Corp. | 3,562,000 | 7,467,137 | |
Personal Care Products - 0.8% | |||
Proya Cosmetics Co. Ltd.: | |||
(A Shares) | 374,164 | 5,313,792 | |
(A Shares) | 109,100 | 1,549,414 | |
6,863,206 | |||
TOTAL CONSUMER STAPLES | 38,828,918 | ||
ENERGY - 1.8% | |||
Energy Equipment & Services - 1.6% | |||
China Oilfield Services Ltd. (H Shares) | 12,112,000 | 14,320,256 | |
Oil, Gas & Consumable Fuels - 0.2% | |||
PetroChina Co. Ltd. (H Shares) | 3,152,000 | 2,057,360 | |
TOTAL ENERGY | 16,377,616 | ||
FINANCIALS - 14.5% | |||
Banks - 6.2% | |||
China Construction Bank Corp. (H Shares) | 42,977,610 | 24,306,335 | |
E.SUN Financial Holdings Co. Ltd. | 11,208,185 | 8,252,271 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 48,698,000 | 23,338,262 | |
55,896,868 | |||
Capital Markets - 0.9% | |||
Hong Kong Exchanges and Clearing Ltd. | 227,000 | 7,941,062 | |
Financial Services - 1.0% | |||
Far East Horizon Ltd. | 13,122,500 | 9,233,472 | |
Insurance - 6.4% | |||
AIA Group Ltd. | 4,747,000 | 41,222,037 | |
China Pacific Insurance (Group) Co. Ltd. (H Shares) | 2,937,000 | 7,234,918 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 955,500 | 4,846,751 | |
Prudential PLC | 359,500 | 3,759,072 | |
57,062,778 | |||
TOTAL FINANCIALS | 130,134,180 | ||
HEALTH CARE - 5.4% | |||
Biotechnology - 1.5% | |||
Innovent Biologics, Inc. (a)(b) | 1,021,000 | 6,016,920 | |
Zai Lab Ltd. (a) | 986,000 | 2,516,327 | |
Zai Lab Ltd. ADR (a)(c) | 182,900 | 4,609,080 | |
13,142,327 | |||
Health Care Equipment & Supplies - 1.4% | |||
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(b) | 2,176,600 | 1,176,411 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 281,510 | 11,005,191 | |
12,181,602 | |||
Life Sciences Tools & Services - 1.8% | |||
Pharmaron Beijing Co. Ltd. (H Shares) (b) | 922,350 | 2,201,769 | |
WuXi AppTec Co. Ltd. (H Shares) (b)(c) | 346,500 | 4,163,733 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 1,622,500 | 10,088,286 | |
16,453,788 | |||
Pharmaceuticals - 0.7% | |||
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b)(c) | 481,440 | 6,260,803 | |
TOTAL HEALTH CARE | 48,038,520 | ||
INDUSTRIALS - 4.6% | |||
Aerospace & Defense - 0.1% | |||
Space Exploration Technologies Corp. Class A (a)(d)(e) | 10,000 | 810,000 | |
Air Freight & Logistics - 0.9% | |||
Milkyway Chemical Supply Chain Service Co. Ltd. (A Shares) | 308,329 | 2,741,086 | |
ZTO Express, Inc. sponsored ADR | 220,200 | 5,190,114 | |
7,931,200 | |||
Construction & Engineering - 0.6% | |||
China State Construction International Holdings Ltd. | 5,064,000 | 5,424,254 | |
Electrical Equipment - 0.3% | |||
Sungrow Power Supply Co. Ltd. (A Shares) | 191,634 | 2,208,808 | |
Machinery - 2.2% | |||
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 546,613 | 4,519,294 | |
Sinotruk Hong Kong Ltd. | 2,086,000 | 3,928,988 | |
Techtronic Industries Co. Ltd. | 454,500 | 4,149,369 | |
Weichai Power Co. Ltd. (H Shares) | 3,298,000 | 4,936,519 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 693,784 | 2,539,719 | |
20,073,889 | |||
Professional Services - 0.5% | |||
Centre Testing International Group Co. Ltd. (A Shares) | 2,100,000 | 4,345,951 | |
TOTAL INDUSTRIALS | 40,794,102 | ||
INFORMATION TECHNOLOGY - 25.9% | |||
Electronic Equipment, Instruments & Components - 1.2% | |||
E Ink Holdings, Inc. | 366,000 | 1,902,877 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 2,213,000 | 6,600,085 | |
Yageo Corp. | 130,000 | 2,117,828 | |
10,620,790 | |||
IT Services - 0.3% | |||
Vnet Group, Inc. ADR (a) | 913,783 | 2,937,812 | |
Semiconductors & Semiconductor Equipment - 24.2% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 213,991 | 5,013,260 | |
eMemory Technology, Inc. | 159,481 | 9,984,020 | |
MediaTek, Inc. | 197,000 | 5,137,614 | |
Micron Technology, Inc. | 102,100 | 6,827,427 | |
NAURA Technology Group Co. Ltd. | 80,500 | 2,823,838 | |
Parade Technologies Ltd. | 113,000 | 3,702,065 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 11,192,000 | 182,652,773 | |
216,140,997 | |||
Software - 0.2% | |||
LongShine Technology Group Co. Ltd. (A Shares) | 808,100 | 2,066,456 | |
TOTAL INFORMATION TECHNOLOGY | 231,766,055 | ||
MATERIALS - 3.0% | |||
Chemicals - 0.1% | |||
Weihai Guangwei Composites Co. Ltd. (A Shares) | 169,692 | 594,432 | |
Construction Materials - 0.2% | |||
West China Cement Ltd. | 24,942,000 | 2,265,783 | |
Containers & Packaging - 0.6% | |||
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 1,464,571 | 5,258,507 | |
Metals & Mining - 2.1% | |||
Zijin Mining Group Co. Ltd. (H Shares) | 12,278,000 | 18,992,984 | |
TOTAL MATERIALS | 27,111,706 | ||
REAL ESTATE - 1.2% | |||
Real Estate Management & Development - 1.2% | |||
China Resources Mixc Lifestyle Services Ltd. (b) | 1,142,000 | 4,455,420 | |
KE Holdings, Inc. ADR | 402,170 | 5,915,921 | |
10,371,341 | |||
TOTAL COMMON STOCKS (Cost $782,014,049) | 858,436,893 | ||
Preferred Stocks - 2.6% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 1.4% | |||
COMMUNICATION SERVICES - 1.0% | |||
Interactive Media & Services - 1.0% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 38,752 | 9,054,405 | |
HEALTH CARE - 0.2% | |||
Health Care Providers & Services - 0.2% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 275,211 | 1,620,993 | |
REAL ESTATE - 0.2% | |||
Real Estate Management & Development - 0.2% | |||
ZKH Group Ltd. Series F (d)(e) | 3,131,343 | 1,158,597 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 11,833,995 | ||
Nonconvertible Preferred Stocks - 1.2% | |||
INFORMATION TECHNOLOGY - 1.2% | |||
Technology Hardware, Storage & Peripherals - 1.2% | |||
Samsung Electronics Co. Ltd. | 273,930 | 10,920,368 | |
TOTAL PREFERRED STOCKS (Cost $21,962,567) | 22,754,363 | ||
Money Market Funds - 2.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 13,691,212 | 13,693,950 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 6,127,021 | 6,127,633 | |
TOTAL MONEY MARKET FUNDS (Cost $19,821,583) | 19,821,583 | ||
TOTAL INVESTMENT IN SECURITIES - 100.7% (Cost $823,798,199) | 901,012,839 |
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (6,054,296) |
NET ASSETS - 100.0% | 894,958,543 |
(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 $70,751,544 or 7.9% 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 $12,643,995 or 1.4% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 |
ZKH Group Ltd. Series F | 2/24/22 | 1,771,978 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 31,370,924 | 231,802,061 | 249,479,035 | 1,088,531 | - | - | 13,693,950 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 4,494,305 | 121,208,651 | 119,575,323 | 87,862 | - | - | 6,127,633 | 0.0% |
Total | 35,865,229 | 353,010,712 | 369,054,358 | 1,176,393 | - | - | 19,821,583 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 129,196,886 | 6,289,567 | 113,852,914 | 9,054,405 |
Consumer Discretionary | 194,871,974 | 48,552,965 | 146,319,009 | - |
Consumer Staples | 38,828,918 | - | 38,828,918 | - |
Energy | 16,377,616 | - | 16,377,616 | - |
Financials | 130,134,180 | - | 130,134,180 | - |
Health Care | 49,659,513 | 4,609,080 | 43,429,440 | 1,620,993 |
Industrials | 40,794,102 | 5,190,114 | 34,793,988 | 810,000 |
Information Technology | 242,686,423 | 9,765,239 | 232,921,184 | - |
Materials | 27,111,706 | - | 27,111,706 | - |
Real Estate | 11,529,938 | 5,915,921 | 4,455,420 | 1,158,597 |
Money Market Funds | 19,821,583 | 19,821,583 | - | - |
Total Investments in Securities: | 901,012,839 | 100,144,469 | 788,224,375 | 12,643,995 |
Investments in Securities: | |||
Communication Services | |||
Beginning Balance | $ | 6,084,839 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | 2,969,566 | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 9,054,405 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | 2,969,566 | |
Other Investments in Securities | |||
Beginning Balance | $ | 4,940,670 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (1,351,080) | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 3,589,590 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | (1,351,080) | |
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 | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $5,912,829) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $803,976,616) | $ | 881,191,256 | ||
Fidelity Central Funds (cost $19,821,583) | 19,821,583 | |||
Total Investment in Securities (cost $823,798,199) | $ | 901,012,839 | ||
Foreign currency held at value (cost $5,836) | 5,836 | |||
Receivable for investments sold | 1,682,981 | |||
Receivable for fund shares sold | 174,815 | |||
Dividends receivable | 162,953 | |||
Distributions receivable from Fidelity Central Funds | 116,159 | |||
Prepaid expenses | 1,422 | |||
Other receivables | 16,920 | |||
Total assets | 903,173,925 | |||
Liabilities | ||||
Payable for investments purchased | $ | 356,168 | ||
Payable for fund shares redeemed | 855,302 | |||
Accrued management fee | 513,219 | |||
Distribution and service plan fees payable | 11,506 | |||
Other affiliated payables | 181,997 | |||
Other payables and accrued expenses | 169,557 | |||
Collateral on securities loaned | 6,127,633 | |||
Total Liabilities | 8,215,382 | |||
Net Assets | $ | 894,958,543 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,004,828,771 | ||
Total accumulated earnings (loss) | (109,870,228) | |||
Net Assets | $ | 894,958,543 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($21,354,002 ÷ 697,241 shares)(a) | $ | 30.63 | ||
Maximum offering price per share (100/94.25 of $30.63) | $ | 32.50 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,610,115 ÷ 217,841 shares)(a) | $ | 30.34 | ||
Maximum offering price per share (100/96.50 of $30.34) | $ | 31.44 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,833,564 ÷ 166,480 shares)(a) | $ | 29.03 | ||
China Region : | ||||
Net Asset Value, offering price and redemption price per share ($809,282,920 ÷ 26,014,646 shares) | $ | 31.11 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($26,682,737 ÷ 864,487 shares) | $ | 30.87 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($26,195,205 ÷ 847,738 shares) | $ | 30.90 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 20,920,374 | ||
Income from Fidelity Central Funds (including $87,862 from security lending) | 1,176,393 | |||
Income before foreign taxes withheld | $ | 22,096,767 | ||
Less foreign taxes withheld | (2,231,765) | |||
Total Income | 19,865,002 | |||
Expenses | ||||
Management fee | $ | 7,033,238 | ||
Transfer agent fees | 1,926,839 | |||
Distribution and service plan fees | 175,795 | |||
Accounting fees | 463,145 | |||
Custodian fees and expenses | 266,823 | |||
Independent trustees' fees and expenses | 6,157 | |||
Registration fees | 105,870 | |||
Audit | 87,948 | |||
Legal | 1,997 | |||
Miscellaneous | 5,308 | |||
Total expenses before reductions | 10,073,120 | |||
Expense reductions | (64,762) | |||
Total expenses after reductions | 10,008,358 | |||
Net Investment income (loss) | 9,856,644 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (42,448,916) | |||
Foreign currency transactions | 123,639 | |||
Total net realized gain (loss) | (42,325,277) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 222,679,469 | |||
Assets and liabilities in foreign currencies | 316,485 | |||
Total change in net unrealized appreciation (depreciation) | 222,995,954 | |||
Net gain (loss) | 180,670,677 | |||
Net increase (decrease) in net assets resulting from operations | $ | 190,527,321 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 9,856,644 | $ | 8,621,218 |
Net realized gain (loss) | (42,325,277) | (142,874,829) | ||
Change in net unrealized appreciation (depreciation) | 222,995,954 | (593,880,795) | ||
Net increase (decrease) in net assets resulting from operations | 190,527,321 | (728,134,406) | ||
Distributions to shareholders | (10,463,693) | (163,021,571) | ||
Share transactions - net increase (decrease) | (76,688,681) | (137,715,540) | ||
Total increase (decrease) in net assets | 103,374,947 | (1,028,871,517) | ||
Net Assets | ||||
Beginning of period | 791,583,596 | 1,820,455,113 | ||
End of period | $ | 894,958,543 | $ | 791,583,596 |
Fidelity Advisor® China Region Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.85 | $ | 50.32 | $ | 50.90 | $ | 35.86 | $ | 28.73 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .14 | .06 | .08 | .15 | |||||
Net realized and unrealized gain (loss) | 5.75 C | (20.99) | 1.95 | 15.11 | 7.10 | |||||
Total from investment operations | 5.97 | (20.85) | 2.01 | 15.19 | 7.25 | |||||
Distributions from net investment income | (.19) | - | (.44) | (.15) | (.12) | |||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | |||||
Total distributions | (.19) | (4.62) | (2.59) D | (.15) | (.12) | |||||
Net asset value, end of period | $ | 30.63 | $ | 24.85 | $ | 50.32 | $ | 50.90 | $ | 35.86 |
Total Return E,F | 23.98% C | (45.20)% | 3.65% | 42.52% | 25.30% | |||||
Ratios to Average Net Assets A,G,H | ||||||||||
Expenses before reductions | 1.25% | 1.23% | 1.21% | 1.24% | 1.27% | |||||
Expenses net of fee waivers, if any | 1.25% | 1.22% | 1.21% | 1.24% | 1.26% | |||||
Expenses net of all reductions | 1.25% | 1.22% | 1.21% | 1.22% | 1.26% | |||||
Net investment income (loss) | .66% | .38% | .11% | .18% | .44% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 21,354 | $ | 19,362 | $ | 45,301 | $ | 39,303 | $ | 29,963 |
Portfolio turnover rate I | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.61 | $ | 50.02 | $ | 50.64 | $ | 35.66 | $ | 28.55 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .13 | .03 | (.10) | (.05) | .04 | |||||
Net realized and unrealized gain (loss) | 5.69 C | (20.82) | 1.96 | 15.04 | 7.07 | |||||
Total from investment operations | 5.82 | (20.79) | 1.86 | 14.99 | 7.11 | |||||
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) | - | |||||
Net asset value, end of period | $ | 30.34 | $ | 24.61 | $ | 50.02 | $ | 50.64 | $ | 35.66 |
Total Return D,E | 23.64% C | (45.37)% | 3.36% | 42.04% | 24.90% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.52% | 1.53% | 1.50% | 1.56% | 1.59% | |||||
Expenses net of fee waivers, if any | 1.52% | 1.53% | 1.50% | 1.56% | 1.59% | |||||
Expenses net of all reductions | 1.51% | 1.53% | 1.50% | 1.53% | 1.58% | |||||
Net investment income (loss) | .40% | .08% | (.18)% | (.13)% | .12% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 6,610 | $ | 5,803 | $ | 12,623 | $ | 12,028 | $ | 9,251 |
Portfolio turnover rate H | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 23.59 | $ | 48.34 | $ | 49.10 | $ | 34.71 | $ | 27.90 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | (.02) | (.13) | (.35) | (.22) | (.09) | |||||
Net realized and unrealized gain (loss) | 5.46 C | (20.00) | 1.92 | 14.61 | 6.90 | |||||
Total from investment operations | 5.44 | (20.13) | 1.57 | 14.39 | 6.81 | |||||
Distributions from net investment income | - | - | (.17) | - | - | |||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | |||||
Total distributions | - | (4.62) | (2.33) | - | - | |||||
Net asset value, end of period | $ | 29.03 | $ | 23.59 | $ | 48.34 | $ | 49.10 | $ | 34.71 |
Total Return D,E | 23.06% C | (45.60)% | 2.89% | 41.46% | 24.41% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.97% | 1.96% | 1.96% | 1.98% | 2.00% | |||||
Expenses net of fee waivers, if any | 1.96% | 1.96% | 1.96% | 1.98% | 2.00% | |||||
Expenses net of all reductions | 1.96% | 1.96% | 1.96% | 1.96% | 1.99% | |||||
Net investment income (loss) | (.05)% | (.36)% | (.65)% | (.55)% | (.29)% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,834 | $ | 5,784 | $ | 13,168 | $ | 11,308 | $ | 9,437 |
Portfolio turnover rate H | 24% | 20% | 60% | 60% | 80% |
Fidelity® China Region Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 25.28 | $ | 51.03 | $ | 51.53 | $ | 36.30 | $ | 29.11 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .32 | .25 | .23 | .21 | .25 | |||||
Net realized and unrealized gain (loss) | 5.85 C | (21.32) | 1.97 | 15.28 | 7.19 | |||||
Total from investment operations | 6.17 | (21.07) | 2.20 | 15.49 | 7.44 | |||||
Distributions from net investment income | (.34) | (.06) | (.54) | (.26) | (.25) | |||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | |||||
Total distributions | (.34) | (4.68) | (2.70) | (.26) | (.25) | |||||
Net asset value, end of period | $ | 31.11 | $ | 25.28 | $ | 51.03 | $ | 51.53 | $ | 36.30 |
Total Return D | 24.34% C | (45.04)% | 3.97% | 42.95% | 25.72% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .95% | .94% | .91% | .93% | .95% | |||||
Expenses net of fee waivers, if any | .95% | .93% | .91% | .93% | .95% | |||||
Expenses net of all reductions | .95% | .93% | .91% | .91% | .95% | |||||
Net investment income (loss) | .96% | .67% | .41% | .49% | .76% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 809,283 | $ | 736,185 | $ | 1,609,326 | $ | 1,518,404 | $ | 1,093,827 |
Portfolio turnover rate G | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 25.07 | $ | 50.63 | $ | 51.16 | $ | 36.05 | $ | 28.90 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .32 | .25 | .22 | .20 | .25 | |||||
Net realized and unrealized gain (loss) | 5.82 C | (21.15) | 1.96 | 15.17 | 7.13 | |||||
Total from investment operations | 6.14 | (20.90) | 2.18 | 15.37 | 7.38 | |||||
Distributions from net investment income | (.34) | (.04) | (.55) | (.26) | (.23) | |||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | |||||
Total distributions | (.34) | (4.66) | (2.71) | (.26) | (.23) | |||||
Net asset value, end of period | $ | 30.87 | $ | 25.07 | $ | 50.63 | $ | 51.16 | $ | 36.05 |
Total Return D | 24.40% C | (45.05)% | 3.96% | 42.91% | 25.71% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .94% | .93% | .93% | .95% | .97% | |||||
Expenses net of fee waivers, if any | .93% | .93% | .93% | .95% | .96% | |||||
Expenses net of all reductions | .93% | .93% | .93% | .93% | .96% | |||||
Net investment income (loss) | .98% | .68% | .39% | .48% | .74% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 26,683 | $ | 20,509 | $ | 68,464 | $ | 47,688 | $ | 27,410 |
Portfolio turnover rate G | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 25.02 | $ | 50.57 | $ | 51.07 | $ | 36.00 | $ | 28.91 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .36 | .30 | .29 | .26 | .30 | |||||
Net realized and unrealized gain (loss) | 5.80 C | (21.10) | 1.95 | 15.14 | 7.11 | |||||
Total from investment operations | 6.16 | (20.80) | 2.24 | 15.40 | 7.41 | |||||
Distributions from net investment income | (.28) | (.12) | (.59) | (.33) | (.32) | |||||
Distributions from net realized gain | - | (4.62) | (2.16) | - | - | |||||
Total distributions | (.28) | (4.75) D | (2.74) D | (.33) | (.32) | |||||
Net asset value, end of period | $ | 30.90 | $ | 25.02 | $ | 50.57 | $ | 51.07 | $ | 36.00 |
Total Return E | 24.55% C | (44.97)% | 4.09% | 43.13% | 25.86% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .81% | .80% | .80% | .81% | .82% | |||||
Expenses net of fee waivers, if any | .80% | .80% | .80% | .81% | .82% | |||||
Expenses net of all reductions | .80% | .80% | .80% | .79% | .81% | |||||
Net investment income (loss) | 1.11% | .81% | .52% | .61% | .89% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 26,195 | $ | 3,940 | $ | 71,573 | $ | 71,121 | $ | 46,861 |
Portfolio turnover rate H | 24% | 20% | 60% | 60% | 80% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $12,643,995 | Market comparable | Enterprise value/EBITDA multiple (EV/EBITDA) | 13.1 | Increase |
Enterprise value/Revenue multiple (EV/R) | 1.2 - 4.0 / 3.6 | Increase | |||
Black scholes | Discount rate | 4.9% | Increase | ||
Volatility | 60.0% | Increase | |||
Term | 3.0 | Increase |
Gross unrealized appreciation | $221,938,876 |
Gross unrealized depreciation | (169,580,274) |
Net unrealized appreciation (depreciation) | $52,358,602 |
Tax Cost | $848,654,237 |
Undistributed ordinary income | $16,609,616 |
Capital loss carryforward | $(178,833,304) |
Net unrealized appreciation (depreciation) on securities and other investments | $52,353,460 |
Short-term | $(114,807,939) |
Long-term | (64,025,365) |
Total capital loss carryforward | $(178,833,304) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $10,463,693 | $1,969,102 |
Long-term Capital Gains | - | 161,052,469 |
Total | $10,463,693 | $163,021,571 |
Purchases ($) | Sales ($) | |
Fidelity China Region Fund | 237,817,118 | 289,360,955 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $64,515 | $1,799 |
Class M | .25% | .25% | 40,584 | 119 |
Class C | .75% | .25% | 70,696 | 11,664 |
$175,795 | $13,582 |
Retained by FDC | |
Class A | $4,917 |
Class M | 1,200 |
Class CA | 75 |
$6,192 |
Amount | % of Class-Level Average Net Assets | |
Class A | $61,296 | .24 |
Class M | 20,662 | .26 |
Class C | 14,059 | .20 |
China Region | 1,765,751 | .19 |
Class I | 60,215 | .17 |
Class Z | 4,856 | .04 |
$1,926,839 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.2000 |
Class C | 0.2000 |
China Region | 0.1844 |
Class I | 0.1762 |
% of Average Net Assets | |
Fidelity China Region Fund | .04 |
% of Average Net Assets | |
Fidelity China Region Fund | 0.0445 |
Amount | |
Fidelity China Region Fund | $1,898 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity China Region Fund | 8,857,783 | 7,416,141 | 2,011,677 |
Amount | |
Fidelity China Region Fund | $1,906 |
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 | $9,129 | $- | $- |
Expense reduction | |
Class A | $497 |
Class M | 674 |
Class C | 60 |
$1,231 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity China Region Fund | ||||
Class A | ||||
Shares sold | 213,022 | 167,076 | $7,300,449 | $6,290,832 |
Reinvestment of distributions | 4,346 | 93,787 | 141,383 | 3,954,050 |
Shares redeemed | (299,344) | (381,933) | (9,796,907) | (12,663,126) |
Net increase (decrease) | (81,976) | (121,070) | $(2,355,075) | $(2,418,244) |
Class M | ||||
Shares sold | 55,083 | 14,193 | $1,982,190 | $518,243 |
Reinvestment of distributions | 682 | 27,154 | 22,023 | 1,136,944 |
Shares redeemed | (73,707) | (57,927) | (2,410,361) | (2,269,682) |
Net increase (decrease) | (17,942) | (16,580) | $(406,148) | $(614,495) |
Class C | ||||
Shares sold | 85,870 | 52,147 | $2,816,391 | $1,830,320 |
Reinvestment of distributions | - | 28,637 | - | 1,153,507 |
Shares redeemed | (164,625) | (107,986) | (5,078,761) | (4,068,826) |
Net increase (decrease) | (78,755) | (27,202) | $(2,262,370) | $(1,084,999) |
China Region | ||||
Shares sold | 4,425,610 | 4,318,983 | $152,711,723 | $163,821,858 |
Reinvestment of distributions | 285,364 | 3,187,084 | 9,405,600 | 136,311,566 |
Shares redeemed | (7,820,514) | (9,920,317) | (259,958,996) | (380,571,112) |
Net increase (decrease) | (3,109,540) | (2,414,250) | $(97,841,673) | $(80,437,688) |
Class I | ||||
Shares sold | 909,474 | 518,992 | $31,717,017 | $19,260,467 |
Reinvestment of distributions | 7,396 | 117,730 | 241,861 | 4,994,105 |
Shares redeemed | (870,332) | (1,171,014) | (29,080,141) | (44,285,642) |
Net increase (decrease) | 46,538 | (534,292) | $2,878,737 | $(20,031,070) |
Class Z | ||||
Shares sold | 915,990 | 625,286 | $30,707,964 | $23,658,178 |
Reinvestment of distributions | 1,256 | 148,353 | 41,047 | 6,272,360 |
Shares redeemed | (226,966) | (2,031,604) | (7,451,163) | (63,059,582) |
Net increase (decrease) | 690,280 | (1,257,965) | $23,297,848 | $(33,129,044) |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Emerging Asia Fund | 18.99% | 7.20% | 5.82% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Emerging Asia Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI AC (All Country) Asia ex Japan Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 8.9 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.7 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 5.3 | |
Zomato Ltd. (India, Hotels, Restaurants & Leisure) | 4.2 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.9 | |
MakeMyTrip Ltd. (India, Hotels, Restaurants & Leisure) | 3.0 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.8 | |
Sea Ltd. ADR (Singapore, Entertainment) | 2.7 | |
HDFC Bank Ltd. (India, Banks) | 2.4 | |
One97 Communications Ltd. (India, Financial Services) | 2.4 | |
41.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 29.3 | |
Consumer Discretionary | 25.1 | |
Financials | 14.3 | |
Health Care | 13.0 | |
Communication Services | 6.4 | |
Industrials | 5.3 | |
Energy | 2.8 | |
Materials | 1.2 | |
Consumer Staples | 0.8 | |
Real Estate | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.6% | |||
Shares | Value ($) | ||
China - 32.4% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 260,300 | 6,098,161 | |
AK Medical Holdings Ltd. (a) | 2,834,000 | 2,758,943 | |
Akeso, Inc. (a)(b) | 612,697 | 3,440,634 | |
Alibaba Group Holding Ltd. (b) | 2,916,218 | 30,022,695 | |
Alibaba Group Holding Ltd. sponsored ADR (b) | 50,635 | 4,179,413 | |
Asymchem Laboratories Tianjin Co. Ltd.: | |||
(A Shares) | 217,600 | 4,491,399 | |
(H Shares) (a) | 208,200 | 2,707,501 | |
Baidu, Inc. Class A (b) | 103,600 | 1,360,145 | |
BC Technology Group Ltd. (b) | 1,490,217 | 668,882 | |
Beijing Chunlizhengda Medical Instruments Co. Ltd. | 742,200 | 3,068,601 | |
Beijing Sinohytec Co. Ltd. (A Shares) | 589,232 | 3,967,443 | |
BYD Co. Ltd.: | |||
(A Shares) | 94,500 | 3,084,159 | |
(H Shares) | 624,244 | 18,983,341 | |
Empyrean Technology Co. Ltd. (A Shares) | 220,400 | 3,115,605 | |
Estun Automation Co. Ltd. (A Shares) | 3,160,900 | 8,131,187 | |
Glodon Co. Ltd. (A Shares) | 1,160,040 | 2,923,963 | |
GRG Metrology & Test Co. Ltd. (A Shares) | 1,041,390 | 2,002,888 | |
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares) | 529,932 | 4,485,646 | |
Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 445,297 | 4,063,452 | |
Hundsun Technologies, Inc. (A Shares) | 1,103,786 | 4,701,245 | |
Innovent Biologics, Inc. (a)(b) | 675,585 | 3,981,333 | |
Joinn Laboratories China Co. Ltd. (A Shares) | 831,860 | 3,048,381 | |
JOYY, Inc. ADR | 15,100 | 587,692 | |
Kangji Medical Holdings Ltd. (c) | 1,511,945 | 1,241,892 | |
Kindstar Globalgene Technology, Inc. (a)(b) | 6,775,265 | 1,342,698 | |
Maxscend Microelectronics Co. Ltd. (A Shares) | 160,800 | 3,318,168 | |
Meituan Class B (a)(b) | 1,043,900 | 14,797,297 | |
Microport Cardioflow Medtech Corp. (a)(b)(c) | 12,173,311 | 2,864,872 | |
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(b) | 1,296,269 | 700,609 | |
Ming Yuan Cloud Group Holdings Ltd. (b)(c) | 7,847,504 | 3,281,311 | |
NAURA Technology Group Co. Ltd. | 82,297 | 2,886,874 | |
NXP Semiconductors NV | 38,562 | 6,649,246 | |
PDD Holdings, Inc. ADR (b) | 454,538 | 46,099,244 | |
RLX Technology, Inc. ADR (b)(c) | 746,592 | 1,269,206 | |
SG Micro Corp. (A Shares) | 88,340 | 1,083,438 | |
Shandong Weigao Orthopaedic Device Co. Ltd. (A Shares) | 375,000 | 2,122,285 | |
Shanghai Aohua Photoelectricity Endoscope Co. Ltd. (A Shares) (b) | 179,400 | 1,624,992 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (b) | 393,789 | 15,394,562 | |
Silergy Corp. | 250,000 | 2,232,739 | |
Smoore International Holdings Ltd. (a)(c) | 2,133,176 | 1,643,949 | |
SonoScape Medical Corp. | 227,900 | 1,502,999 | |
Tofflon Science & Technology Group Co. Ltd. (A Shares) | 1,291,500 | 3,349,147 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 2,490,882 | 1,412,971 | |
Weihai Guangwei Composites Co. Ltd. (A Shares) | 1,026,336 | 3,595,260 | |
WuXi AppTec Co. Ltd. (H Shares) (a)(c) | 1,410,110 | 16,944,652 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 3,280,843 | 20,399,435 | |
Zai Lab Ltd. ADR (b) | 121,950 | 3,073,140 | |
TOTAL CHINA | 280,703,695 | ||
Hong Kong - 2.1% | |||
AIA Group Ltd. | 1,865,975 | 16,203,769 | |
Huanxi Media Group Ltd. (b)(c) | 19,829,015 | 1,823,531 | |
TOTAL HONG KONG | 18,027,300 | ||
India - 26.0% | |||
Amber Enterprises India Ltd. (b) | 79,174 | 2,791,576 | |
Aster DM Healthcare Ltd. (a)(b) | 663,051 | 2,627,155 | |
Bajaj Finance Ltd. | 95,102 | 8,558,489 | |
Campus Activewear Ltd. (b) | 460,245 | 1,470,857 | |
Computer Age Management Services Private Ltd. | 381,639 | 10,298,533 | |
Delhivery Private Ltd. (b) | 1,590,016 | 7,890,825 | |
Devyani International Ltd. (b) | 1,617,292 | 3,492,707 | |
HDFC Asset Management Co. Ltd. (a) | 341,088 | 11,200,460 | |
HDFC Bank Ltd. | 1,192,274 | 21,150,065 | |
HDFC Standard Life Insurance Co. Ltd. (a) | 1,191,089 | 8,845,580 | |
Hindustan Aeronautics Ltd. | 326,067 | 7,133,775 | |
Kotak Mahindra Bank Ltd. | 198,506 | 4,148,501 | |
Larsen & Toubro Ltd. | 137,800 | 4,847,865 | |
MakeMyTrip Ltd. (b) | 667,045 | 25,834,653 | |
One97 Communications Ltd. (b) | 1,857,407 | 20,549,951 | |
Page Industries Ltd. | 5,450 | 2,475,661 | |
Reliance Industries Ltd. | 878,996 | 24,163,263 | |
Sapphire Foods India Ltd. (b) | 304,805 | 4,744,878 | |
SRF Ltd. | 130,364 | 3,436,511 | |
Tata Motors Ltd. | 1,092,284 | 8,247,585 | |
Ultratech Cement Ltd. | 35,600 | 3,601,793 | |
Vijaya Diagnostic Centre Pvt Ltd. | 196,617 | 1,385,075 | |
Zomato Ltd. (b) | 29,037,091 | 36,715,929 | |
TOTAL INDIA | 225,611,687 | ||
Indonesia - 1.8% | |||
PT Bank Central Asia Tbk | 16,247,993 | 8,951,355 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 20,258,698 | 6,334,569 | |
TOTAL INDONESIA | 15,285,924 | ||
Japan - 0.6% | |||
Money Forward, Inc. (b) | 215,186 | 5,435,175 | |
Korea (South) - 12.1% | |||
ASICLAND Co. Ltd. (d) | 700 | 12,938 | |
Coupang, Inc. Class A (b) | 292,368 | 4,970,256 | |
Delivery Hero AG (a)(b) | 292,551 | 7,419,871 | |
Gabia, Inc. | 128,155 | 1,382,639 | |
Kakao Corp. | 119,168 | 3,353,870 | |
Kakao Pay Corp. (b) | 181,764 | 4,626,942 | |
Kia Corp. | 50,188 | 2,863,063 | |
LG Energy Solution (b) | 3,400 | 973,229 | |
NAVER Corp. | 97,111 | 13,556,301 | |
Samsung Electronics Co. Ltd. | 995,267 | 49,465,857 | |
SK Hynix, Inc. | 192,535 | 16,695,363 | |
TOTAL KOREA (SOUTH) | 105,320,329 | ||
Netherlands - 0.9% | |||
Adyen BV (a)(b) | 5,547 | 3,741,374 | |
ASML Holding NV (Netherlands) | 7,402 | 4,449,493 | |
TOTAL NETHERLANDS | 8,190,867 | ||
Russia - 0.2% | |||
Yandex NV Series A (b)(c)(e) | 153,309 | 1,671,068 | |
Singapore - 3.7% | |||
Oversea-Chinese Banking Corp. Ltd. | 528,017 | 4,895,307 | |
Sea Ltd. ADR (b) | 554,842 | 23,136,911 | |
United Overseas Bank Ltd. | 192,400 | 3,795,032 | |
TOTAL SINGAPORE | 31,827,250 | ||
Switzerland - 0.6% | |||
Yunnan Botanee Bio-Technology Group Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 3/10/25 (a)(b) | 179,025 | 1,948,940 | |
Zwsoft Co. Ltd. Guangzhou ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 9/25/25 (a)(b) | 202,088 | 2,999,589 | |
TOTAL SWITZERLAND | 4,948,529 | ||
Taiwan - 9.8% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,268,892 | 69,668,064 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 91,553 | 7,901,939 | |
Unimicron Technology Corp. | 1,731,000 | 7,714,166 | |
TOTAL TAIWAN | 85,284,169 | ||
United Kingdom - 0.8% | |||
Endava PLC ADR (b) | 143,872 | 7,216,620 | |
United States of America - 5.3% | |||
EPAM Systems, Inc. (b) | 32,273 | 7,021,637 | |
Frontage Holdings Corp. (a)(b) | 16,890,490 | 4,202,779 | |
Micron Technology, Inc. | 192,817 | 12,893,673 | |
NVIDIA Corp. | 19,929 | 8,127,046 | |
ON Semiconductor Corp. (b) | 92,724 | 5,808,231 | |
Snap, Inc. Class A (b) | 379,823 | 3,802,028 | |
Space Exploration Technologies Corp. Class A (b)(e)(f) | 11,000 | 891,000 | |
Teradyne, Inc. | 42,388 | 3,529,649 | |
TOTAL UNITED STATES OF AMERICA | 46,276,043 | ||
Vietnam - 0.3% | |||
Vietnam Dairy Products Corp. | 1,043,400 | 2,889,818 | |
TOTAL COMMON STOCKS (Cost $819,957,479) | 838,688,474 | ||
Preferred Stocks - 2.0% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 1.1% | |||
China - 1.1% | |||
ByteDance Ltd. Series E1 (b)(e)(f) | 23,366 | 5,459,466 | |
dMed Biopharmaceutical Co. Ltd. Series C (b)(e)(f) | 128,423 | 756,411 | |
ZKH Group Ltd. Series F (e)(f) | 8,603,093 | 3,183,144 | |
9,399,021 | |||
Nonconvertible Preferred Stocks - 0.9% | |||
Korea (South) - 0.9% | |||
Samsung Electronics Co. Ltd. | 191,205 | 7,622,491 | |
TOTAL PREFERRED STOCKS (Cost $15,761,699) | 17,021,512 | ||
Money Market Funds - 3.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (g) | 8,973,390 | 8,975,185 | |
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h) | 16,832,852 | 16,834,536 | |
TOTAL MONEY MARKET FUNDS (Cost $25,809,720) | 25,809,721 | ||
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $861,528,898) | 881,519,707 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (13,866,231) |
NET ASSETS - 100.0% | 867,653,476 |
ELS | - | EQUITY-LINKED SECURITY |
(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 $115,980,642 or 13.4% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Level 3 security |
(f) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $10,290,021 or 1.2% of net assets. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 |
ZKH Group Ltd. Series F | 2/24/22 | 4,868,356 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 180,369 | 297,117,599 | 288,322,783 | 528,614 | - | - | 8,975,185 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 32,545,160 | 253,143,357 | 268,853,982 | 701,320 | - | 1 | 16,834,536 | 0.1% |
Total | 32,725,529 | 550,260,956 | 557,176,765 | 1,229,934 | - | 1 | 25,809,721 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 54,751,012 | 27,526,631 | 20,093,847 | 7,130,534 |
Consumer Discretionary | 218,193,185 | 88,503,437 | 129,689,748 | - |
Consumer Staples | 7,751,913 | 1,269,206 | 6,482,707 | - |
Energy | 24,163,263 | - | 24,163,263 | - |
Financials | 123,670,276 | - | 123,670,276 | - |
Health Care | 112,991,564 | 3,073,140 | 109,162,013 | 756,411 |
Industrials | 46,136,745 | - | 45,245,745 | 891,000 |
Information Technology | 254,235,320 | 59,148,041 | 195,087,279 | - |
Materials | 10,633,564 | - | 10,633,564 | - |
Real Estate | 3,183,144 | - | - | 3,183,144 |
Money Market Funds | 25,809,721 | 25,809,721 | - | - |
Total Investments in Securities: | 881,519,707 | 205,330,176 | 664,228,442 | 11,961,089 |
Investments in Securities: | |||
Beginning Balance | $ | 12,231,826 | |
Net Realized Gain (Loss) on Investment Securities | (8,816,223) | ||
Net Unrealized Gain (Loss) on Investment Securities | 9,439,600 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (894,114) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 11,961,089 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | 975,891 | |
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 | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $15,153,432) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $835,719,178) | $ | 855,709,986 | ||
Fidelity Central Funds (cost $25,809,720) | 25,809,721 | |||
Total Investment in Securities (cost $861,528,898) | $ | 881,519,707 | ||
Foreign currency held at value (cost $3,404,442) | 3,403,995 | |||
Receivable for investments sold | 5,997,886 | |||
Receivable for fund shares sold | 124,971 | |||
Dividends receivable | 461,745 | |||
Distributions receivable from Fidelity Central Funds | 111,952 | |||
Prepaid expenses | 1,341 | |||
Other receivables | 697,946 | |||
Total assets | 892,319,543 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 944,069 | ||
Delayed delivery | 13,068 | |||
Payable for fund shares redeemed | 225,039 | |||
Accrued management fee | 242,397 | |||
Other affiliated payables | 182,849 | |||
Deferred taxes | 5,555,982 | |||
Other payables and accrued expenses | 666,898 | |||
Collateral on securities loaned | 16,835,765 | |||
Total Liabilities | 24,666,067 | |||
Net Assets | $ | 867,653,476 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,162,849,855 | ||
Total accumulated earnings (loss) | (295,196,379) | |||
Net Assets | $ | 867,653,476 | ||
Net Asset Value, offering price and redemption price per share ($867,653,476 ÷ 24,122,845 shares) | $ | 35.97 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 9,730,846 | ||
Income from Fidelity Central Funds (including $701,320 from security lending) | 1,229,934 | |||
Income before foreign taxes withheld | $ | 10,960,780 | ||
Less foreign taxes withheld | (1,338,023) | |||
Total Income | 9,622,757 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 6,519,766 | ||
Performance adjustment | (799,155) | |||
Transfer agent fees | 1,881,724 | |||
Accounting fees | 433,106 | |||
Custodian fees and expenses | 214,696 | |||
Independent trustees' fees and expenses | 5,692 | |||
Registration fees | 24,952 | |||
Audit | 116,948 | |||
Legal | 2,334 | |||
Interest | 4,608 | |||
Miscellaneous | 4,829 | |||
Total expenses before reductions | 8,409,500 | |||
Expense reductions | (58,122) | |||
Total expenses after reductions | 8,351,378 | |||
Net Investment income (loss) | 1,271,379 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,673,299) | (172,544,781) | |||
Foreign currency transactions | (112,695) | |||
Total net realized gain (loss) | (172,657,476) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,109,859) | 329,086,174 | |||
Fidelity Central Funds | 1 | |||
Assets and liabilities in foreign currencies | 135,392 | |||
Total change in net unrealized appreciation (depreciation) | 329,221,567 | |||
Net gain (loss) | 156,564,091 | |||
Net increase (decrease) in net assets resulting from operations | $ | 157,835,470 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,271,379 | $ | (6,406,902) |
Net realized gain (loss) | (172,657,476) | (135,551,761) | ||
Change in net unrealized appreciation (depreciation) | 329,221,567 | (672,888,572) | ||
Net increase (decrease) in net assets resulting from operations | 157,835,470 | (814,847,235) | ||
Distributions to shareholders | - | (218,312,620) | ||
Share transactions | ||||
Proceeds from sales of shares | 89,917,598 | 116,575,535 | ||
Reinvestment of distributions | - | 202,673,713 | ||
Cost of shares redeemed | (203,626,450) | (462,682,896) | ||
Net increase (decrease) in net assets resulting from share transactions | (113,708,852) | (143,433,648) | ||
Total increase (decrease) in net assets | 44,126,618 | (1,176,593,503) | ||
Net Assets | ||||
Beginning of period | 823,526,858 | 2,000,120,361 | ||
End of period | $ | 867,653,476 | $ | 823,526,858 |
Other Information | ||||
Shares | ||||
Sold | 2,379,648 | 2,698,029 | ||
Issued in reinvestment of distributions | - | 3,879,665 | ||
Redeemed | (5,497,734) | (10,270,869) | ||
Net increase (decrease) | (3,118,086) | (3,693,175) | ||
Fidelity® Emerging Asia Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 30.23 | $ | 64.66 | $ | 63.60 | $ | 45.03 | $ | 36.69 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .05 | (.22) | (.31) C | (.12) | .34 | |||||
Net realized and unrealized gain (loss) | 5.69 | (26.97) | 11.00 | 21.49 | 9.27 | |||||
Total from investment operations | 5.74 | (27.19) | 10.69 | 21.37 | 9.61 | |||||
Distributions from net investment income | - | (.09) | - | (.29) D | (.39) | |||||
Distributions from net realized gain | - | (7.15) | (9.63) | (2.51) D | (.88) | |||||
Total distributions | - | (7.24) | (9.63) | (2.80) | (1.27) | |||||
Net asset value, end of period | $ | 35.97 | $ | 30.23 | $ | 64.66 | $ | 63.60 | $ | 45.03 |
Total Return E | 18.99% | (46.77)% | 17.02% | 50.46% | 26.95% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .87% | 1.18% | 1.02% | 1.13% | 1.11% | |||||
Expenses net of fee waivers, if any | .87% | 1.17% | 1.02% | 1.13% | 1.11% | |||||
Expenses net of all reductions | .87% | 1.17% | 1.02% | 1.10% | 1.11% | |||||
Net investment income (loss) | .13% | (.51)% | (.45)% C | (.24)% | .82% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 867,653 | $ | 823,527 | $ | 2,000,120 | $ | 1,578,782 | $ | 993,620 |
Portfolio turnover rate H | 50% | 44% | 85% | 114% | 61% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $11,961,089 | Market comparable | Enterprise value/EBITDA multiple (EV/EBITDA) | 13.1 | Increase |
Enterprise value/Revenue multiple (EV/R) | 1.2 - 4.0 / 2.9 | Increase | |||
Market approach | Discount rate | 20.0% | Decrease | ||
Black scholes | Discount rate | 4.9% | Increase | ||
Volatility | 60.0% | Increase | |||
Term | 3.0 | Increase |
Gross unrealized appreciation | $219,872,867 |
Gross unrealized depreciation | (201,029,120) |
Net unrealized appreciation (depreciation) | $18,843,747 |
Tax Cost | $862,675,960 |
Capital loss carryforward | $(307,955,975) |
Net unrealized appreciation (depreciation) on securities and other investments | $18,315,578 |
Short-term | $(114,943,944) |
Long-term | (193,012,031) |
Total capital loss carryforward | $(307,955,975) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $- | $2,682,937 |
Long-term Capital Gains | - | 215,629,683 |
Total | $- | $218,312,620 |
Purchases ($) | Sales ($) | |
Fidelity Emerging Asia Fund | 468,155,515 | 601,552,046 |
% of Average Net Assets | |
Fidelity Emerging Asia Fund | .04 |
% of Average Net Assets | |
Fidelity Emerging Asia Fund | 0.0447 |
Amount | |
Fidelity Emerging Asia Fund | $5,145 |
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 | 3,456,202 | 13,435,211 | (8,327,375) |
Amount | |
Fidelity Emerging Asia Fund | $1,757 |
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 | $75,023 | $- | $- |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 8.56% | 4.53% | 3.39% |
Class M (incl. 3.50% sales charge) | 10.87% | 4.88% | 3.57% |
Class C (incl. contingent deferred sales charge) | 13.32% | 5.37% | 3.81% |
Fidelity® Emerging Markets Fund | 15.56% | 5.94% | 4.09% |
Class K | 15.69% | 6.07% | 4.25% |
Class I | 15.54% | 5.94% | 4.09% |
Class Z | 15.67% | 6.00% | 4.12% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Emerging Markets Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 8.6 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.2 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.7 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 4.4 | |
HDFC Bank Ltd. (India, Banks) | 3.7 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 3.4 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.3 | |
PT Bank Central Asia Tbk (Indonesia, Banks) | 2.9 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.8 | |
Kweichow Moutai Co. Ltd. (A Shares) (China, Beverages) | 2.6 | |
41.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 25.7 | |
Financials | 19.0 | |
Consumer Discretionary | 13.3 | |
Communication Services | 9.2 | |
Consumer Staples | 7.4 | |
Industrials | 6.3 | |
Health Care | 5.8 | |
Energy | 5.7 | |
Materials | 4.9 | |
Utilities | 2.5 | |
Real Estate | 0.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.5% | |||
Shares | Value ($) | ||
Australia - 0.4% | |||
Lynas Rare Earths Ltd. (a) | 5,885,228 | 26,474,049 | |
Brazil - 5.1% | |||
Hapvida Participacoes e Investimentos SA (a)(b) | 59,733,900 | 43,718,568 | |
Localiza Rent a Car SA | 8,641,710 | 87,192,699 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 63,367 | 87,979 | |
Nu Holdings Ltd. (a) | 8,684,900 | 71,216,180 | |
Raia Drogasil SA | 10,313,600 | 52,777,484 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 17,010,284 | 26,417,518 | |
XP, Inc. Class A | 3,322,700 | 66,454,000 | |
TOTAL BRAZIL | 347,864,428 | ||
China - 23.5% | |||
Alibaba Group Holding Ltd. (a) | 22,001,932 | 226,511,630 | |
Bank of Chengdu Co. Ltd. (A Shares) | 17,931,644 | 30,312,263 | |
Chervon Holdings Ltd. | 9,903,337 | 24,392,412 | |
JOYY, Inc. ADR | 827,200 | 32,194,624 | |
Kweichow Moutai Co. Ltd. (A Shares) | 775,715 | 178,689,234 | |
Meituan Class B (a)(b) | 8,800,310 | 124,744,519 | |
NetEase, Inc. ADR | 465,100 | 49,728,492 | |
PDD Holdings, Inc. ADR (a) | 2,280,800 | 231,318,736 | |
Shandong Sinocera Functional Material Co. Ltd. (A Shares) | 8,804,849 | 29,708,290 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 2,897,154 | 113,259,681 | |
Sinopharm Group Co. Ltd. (H Shares) | 21,850,899 | 52,251,687 | |
Tencent Holdings Ltd. | 9,641,800 | 356,831,025 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 4,075,771 | 86,899,907 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 11,281,000 | 70,142,346 | |
TOTAL CHINA | 1,606,984,846 | ||
France - 2.7% | |||
Gaztransport et Technigaz SA | 527,141 | 67,322,584 | |
Hermes International SCA | 41,119 | 76,556,701 | |
LVMH Moet Hennessy Louis Vuitton SE | 58,199 | 41,666,443 | |
TOTAL FRANCE | 185,545,728 | ||
Greece - 0.5% | |||
OPAP SA | 1,849,000 | 31,302,830 | |
Hong Kong - 1.3% | |||
AIA Group Ltd. | 10,430,600 | 90,577,329 | |
Hungary - 0.8% | |||
Richter Gedeon PLC | 2,267,800 | 53,173,650 | |
India - 19.6% | |||
360 ONE WAM Ltd. | 5,887,472 | 37,140,404 | |
Asian Paints Ltd. | 2,042,300 | 73,544,285 | |
Computer Age Management Services Private Ltd. | 1,410,500 | 38,062,359 | |
HDFC Bank Ltd. | 14,374,567 | 254,994,260 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 8,040,600 | 59,713,228 | |
Kotak Mahindra Bank Ltd. | 4,413,348 | 92,232,866 | |
Larsen & Toubro Ltd. | 3,305,632 | 116,293,608 | |
Mankind Pharma Ltd. | 77,402 | 1,621,120 | |
One97 Communications Ltd. (a) | 6,013,431 | 66,531,306 | |
Petronet LNG Ltd. | 17,050,477 | 40,857,189 | |
Power Grid Corp. of India Ltd. | 70,127,033 | 170,269,530 | |
Reliance Industries Ltd. | 7,001,618 | 192,471,797 | |
Restaurant Brands Asia Ltd. (a)(c) | 25,702,456 | 34,411,680 | |
Tata Consultancy Services Ltd. | 2,013,600 | 81,493,544 | |
Ultratech Cement Ltd. | 759,700 | 76,861,867 | |
TOTAL INDIA | 1,336,499,043 | ||
Indonesia - 2.9% | |||
PT Bank Central Asia Tbk | 355,664,170 | 195,942,738 | |
Italy - 1.2% | |||
Ferrari NV | 277,100 | 83,584,444 | |
Kazakhstan - 1.1% | |||
Kaspi.KZ JSC GDR (Reg. S) | 861,034 | 77,837,474 | |
Kenya - 0.3% | |||
Safaricom Ltd. | 233,129,100 | 19,279,026 | |
Korea (South) - 6.1% | |||
JYP Entertainment Corp. | 369,500 | 28,084,551 | |
NAVER Corp. | 464,590 | 64,854,875 | |
Samsung Electronics Co. Ltd. | 6,522,917 | 324,196,103 | |
TOTAL KOREA (SOUTH) | 417,135,529 | ||
Mexico - 4.1% | |||
Banco del Bajio SA (b) | 19,132,722 | 58,558,079 | |
Becle S.A.B. de CV | 26,172,396 | 46,149,008 | |
GCC S.A.B. de CV | 5,310,400 | 47,283,738 | |
Grupo Aeroportuario Norte S.A.B. de CV | 8,538,587 | 65,181,970 | |
Wal-Mart de Mexico SA de CV Series V | 17,778,500 | 63,633,402 | |
TOTAL MEXICO | 280,806,197 | ||
Netherlands - 2.6% | |||
ASML Holding NV (Netherlands) | 188,700 | 113,431,422 | |
BE Semiconductor Industries NV | 590,400 | 60,783,528 | |
TOTAL NETHERLANDS | 174,214,950 | ||
Philippines - 0.4% | |||
TaskUs, Inc. (a)(d) | 2,981,872 | 27,671,772 | |
Poland - 1.1% | |||
Dino Polska SA (a)(b) | 823,481 | 77,909,137 | |
Russia - 0.2% | |||
LUKOIL PJSC sponsored ADR (a)(e) | 802,595 | 227,046 | |
Sberbank of Russia (e) | 25,741,060 | 158,304 | |
Yandex NV Series A (a)(e) | 1,084,187 | 11,817,638 | |
TOTAL RUSSIA | 12,202,988 | ||
Saudi Arabia - 4.8% | |||
Al Rajhi Bank | 6,092,020 | 108,960,055 | |
Arabian Internet and Communications Services Co. Ltd. | 503,800 | 42,005,715 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 903,000 | 60,655,720 | |
Sabic Agriculture-Nutrients Co. | 1,652,500 | 58,936,054 | |
Saudi Arabian Oil Co. (b) | 6,533,010 | 57,988,387 | |
TOTAL SAUDI ARABIA | 328,545,931 | ||
Sweden - 0.2% | |||
VEF AB (a)(c) | 95,309,129 | 15,223,914 | |
Taiwan - 12.9% | |||
ASPEED Tech, Inc. | 1,041,000 | 83,130,257 | |
Chailease Holding Co. Ltd. | 7,770,168 | 42,117,202 | |
eMemory Technology, Inc. | 1,292,000 | 80,883,327 | |
International Games Systems Co. Ltd. | 2,221,036 | 42,777,330 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 35,980,000 | 587,191,441 | |
Voltronic Power Technology Corp. | 1,114,868 | 44,676,151 | |
TOTAL TAIWAN | 880,775,708 | ||
United Arab Emirates - 0.5% | |||
Adnoc Gas PLC | 37,888,100 | 33,112,116 | |
United States of America - 5.9% | |||
Energy Recovery, Inc. (a) | 1,513,300 | 23,002,160 | |
Globant SA (a)(d) | 330,100 | 56,212,729 | |
Lattice Semiconductor Corp. (a) | 427,700 | 23,784,397 | |
NVIDIA Corp. | 726,408 | 296,229,182 | |
TOTAL UNITED STATES OF AMERICA | 399,228,468 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 1,970,400 | 22,833,480 | |
TOTAL COMMON STOCKS (Cost $5,849,490,685) | 6,724,725,775 | ||
Preferred Stocks - 1.0% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.5% | |||
China - 0.5% | |||
ByteDance Ltd. Series E1 (a)(e)(f) | 85,253 | 19,919,363 | |
ZKH Group Ltd. Series F (e)(f) | 37,926,244 | 14,032,710 | |
33,952,073 | |||
Nonconvertible Preferred Stocks - 0.5% | |||
Brazil - 0.5% | |||
Alpargatas SA (PN) | 21,970,500 | 35,951,133 | |
TOTAL PREFERRED STOCKS (Cost $78,165,745) | 69,903,206 | ||
Convertible Bonds - 0.5% | |||
Principal Amount (g) | Value ($) | ||
Brazil - 0.5% | |||
Creditas Financial Solutions Ltd. 5% 7/28/27 (e)(f) (Cost $30,523,684) | 30,523,684 | 30,508,423 | |
Money Market Funds - 1.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (h) | 53,168,517 | 53,179,150 | |
Fidelity Securities Lending Cash Central Fund 5.40% (h)(i) | 27,681,476 | 27,684,244 | |
TOTAL MONEY MARKET FUNDS (Cost $80,863,394) | 80,863,394 | ||
TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $6,039,043,508) | 6,906,000,798 |
NET OTHER ASSETS (LIABILITIES) - (1.2)% | (78,657,350) |
NET ASSETS - 100.0% | 6,827,343,448 |
(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 $492,774,264 or 7.2% of net assets. |
(c) | Affiliated company |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Level 3 security |
(f) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $64,460,496 or 0.9% of net assets. |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 9,341,528 |
Creditas Financial Solutions Ltd. 5% 7/28/27 | 1/28/22 - 7/28/23 | 30,523,684 |
ZKH Group Ltd. Series F | 2/24/22 | 21,461,870 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 67,633,060 | 1,539,642,842 | 1,554,096,752 | 4,545,354 | - | - | 53,179,150 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.40% | 93,754,025 | 752,027,828 | 818,097,609 | 348,005 | - | - | 27,684,244 | 0.1% |
Total | 161,387,085 | 2,291,670,670 | 2,372,194,361 | 4,893,359 | - | - | 80,863,394 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Restaurant Brands Asia Ltd. | 38,433,791 | - | 645,685 | - | (345,077) | (3,031,349) | 34,411,680 |
VEF AB | 18,957,451 | 3,112,504 | - | - | - | (6,846,041) | 15,223,914 |
Total | 57,391,242 | 3,112,504 | 645,685 | - | (345,077) | (9,877,390) | 49,635,594 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 625,486,924 | 101,202,142 | 492,547,781 | 31,737,001 |
Consumer Discretionary | 910,440,528 | 458,713,844 | 451,726,684 | - |
Consumer Staples | 506,058,172 | 240,469,031 | 265,589,141 | - |
Energy | 391,979,119 | 158,423,087 | 233,328,986 | 227,046 |
Financials | 1,267,969,602 | 398,249,702 | 869,561,596 | 158,304 |
Health Care | 394,822,772 | 157,547,938 | 237,274,834 | - |
Industrials | 428,586,216 | 229,554,098 | 199,032,118 | - |
Information Technology | 1,749,341,645 | 479,015,551 | 1,270,326,094 | - |
Materials | 335,641,763 | 129,053,272 | 206,588,491 | - |
Real Estate | 14,032,710 | - | - | 14,032,710 |
Utilities | 170,269,530 | - | 170,269,530 | - |
Corporate Bonds | 30,508,423 | - | - | 30,508,423 |
Money Market Funds | 80,863,394 | 80,863,394 | - | - |
Total Investments in Securities: | 6,906,000,798 | 2,433,092,059 | 4,396,245,255 | 76,663,484 |
Investments in Securities: | |||
Beginning Balance | $ | 60,064,977 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | 6,423,946 | ||
Cost of Purchases | 10,174,561 | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 76,663,484 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | 7,107,947 | |
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 | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $27,386,387) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,877,922,836) | $ | 6,775,501,810 | ||
Fidelity Central Funds (cost $80,863,394) | 80,863,394 | |||
Other affiliated issuers (cost $80,257,278) | 49,635,594 | |||
Total Investment in Securities (cost $6,039,043,508) | $ | 6,906,000,798 | ||
Foreign currency held at value (cost $2,045,199) | 1,245,023 | |||
Receivable for investments sold | 48,495,241 | |||
Receivable for fund shares sold | 5,472,834 | |||
Dividends receivable | 3,322,439 | |||
Interest receivable | 401,407 | |||
Distributions receivable from Fidelity Central Funds | 78,372 | |||
Prepaid expenses | 10,107 | |||
Other receivables | 1,733,969 | |||
Total assets | 6,966,760,190 | |||
Liabilities | ||||
Payable for investments purchased | $ | 67,040,434 | ||
Payable for fund shares redeemed | 6,535,868 | |||
Accrued management fee | 3,940,950 | |||
Distribution and service plan fees payable | 6,133 | |||
Other affiliated payables | 876,128 | |||
Deferred taxes | 31,771,600 | |||
Other payables and accrued expenses | 1,561,385 | |||
Collateral on securities loaned | 27,684,244 | |||
Total Liabilities | 139,416,742 | |||
Net Assets | $ | 6,827,343,448 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,670,477,389 | ||
Total accumulated earnings (loss) | 156,866,059 | |||
Net Assets | $ | 6,827,343,448 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($15,288,422 ÷ 480,762 shares)(a) | $ | 31.80 | ||
Maximum offering price per share (100/94.25 of $31.80) | $ | 33.74 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($3,069,981 ÷ 96,535 shares)(a) | $ | 31.80 | ||
Maximum offering price per share (100/96.50 of $31.80) | $ | 32.95 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,767,549 ÷ 56,043 shares)(a) | $ | 31.54 | ||
Emerging Markets : | ||||
Net Asset Value, offering price and redemption price per share ($3,985,433,297 ÷ 124,665,297 shares) | $ | 31.97 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($1,095,216,818 ÷ 34,222,779 shares) | $ | 32.00 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($114,991,934 ÷ 3,606,015 shares) | $ | 31.89 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,611,575,447 ÷ 50,418,561 shares) | $ | 31.96 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 123,836,805 | ||
Non-Cash dividends | 23,096,816 | |||
Interest | 407,397 | |||
Income from Fidelity Central Funds (including $348,005 from security lending) | 4,893,359 | |||
Income before foreign taxes withheld | $ | 152,234,377 | ||
Less foreign taxes withheld | (15,464,172) | |||
Total Income | 136,770,205 | |||
Expenses | ||||
Management fee | $ | 46,939,063 | ||
Transfer agent fees | 8,593,759 | |||
Distribution and service plan fees | 68,092 | |||
Accounting fees | 1,575,719 | |||
Custodian fees and expenses | 1,644,669 | |||
Independent trustees' fees and expenses | 38,769 | |||
Registration fees | 236,458 | |||
Audit | 132,980 | |||
Legal | 7,290 | |||
Interest | 857 | |||
Miscellaneous | 48,574 | |||
Total expenses before reductions | 59,286,230 | |||
Expense reductions | (432,476) | |||
Total expenses after reductions | 58,853,754 | |||
Net Investment income (loss) | 77,916,451 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $6,985,844) | (415,723,368) | |||
Affiliated issuers | (345,077) | |||
Foreign currency transactions | (2,046,150) | |||
Total net realized gain (loss) | (418,114,595) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,434,555) | 1,179,611,495 | |||
Affiliated issuers | (9,877,390) | |||
Assets and liabilities in foreign currencies | (691,956) | |||
Total change in net unrealized appreciation (depreciation) | 1,169,042,149 | |||
Net gain (loss) | 750,927,554 | |||
Net increase (decrease) in net assets resulting from operations | $ | 828,844,005 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 77,916,451 | $ | 57,338,565 |
Net realized gain (loss) | (418,114,595) | (249,065,256) | ||
Change in net unrealized appreciation (depreciation) | 1,169,042,149 | (3,129,085,535) | ||
Net increase (decrease) in net assets resulting from operations | 828,844,005 | (3,320,812,226) | ||
Distributions to shareholders | (50,450,464) | (481,791,574) | ||
Share transactions - net increase (decrease) | 524,409,567 | 787,871,888 | ||
Total increase (decrease) in net assets | 1,302,803,108 | (3,014,731,912) | ||
Net Assets | ||||
Beginning of period | 5,524,540,340 | 8,539,272,252 | ||
End of period | $ | 6,827,343,448 | $ | 5,524,540,340 |
Fidelity Advisor® Emerging Markets Fund Class A |
Years ended October 31, | 2023 | 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 | .26 D | .16 E | (.04) | |||
Net realized and unrealized gain (loss) | 3.95 | (17.27) | .69 | |||
Total from investment operations | 4.21 | (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 | $ | 31.80 | $ | 27.73 | $ | 47.48 |
Total Return F,G,H | 15.18% | (38.00)% | 1.39% | |||
Ratios to Average Net Assets C,I,J | ||||||
Expenses before reductions | 1.20% | 1.21% | 1.25% K | |||
Expenses net of fee waivers, if any | 1.20% | 1.21% | 1.25% K | |||
Expenses net of all reductions | 1.20% | 1.21% | 1.25% K | |||
Net investment income (loss) | .77% D | .45% E | (.17)% K | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 15,288 | $ | 10,046 | $ | 6,248 |
Portfolio turnover rate L | 23% | 34% | 38% K,M |
Fidelity Advisor® Emerging Markets Fund Class M |
Years ended October 31, | 2023 | 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 | .17 D | .05 E | (.09) | |||
Net realized and unrealized gain (loss) | 3.96 | (17.29) | .68 | |||
Total from investment operations | 4.13 | (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 | $ | 31.80 | $ | 27.71 | $ | 47.42 |
Total Return G,H,I | 14.90% | (38.20)% | 1.26% | |||
Ratios to Average Net Assets C,J,K | ||||||
Expenses before reductions | 1.48% | 1.51% | 1.52% L | |||
Expenses net of fee waivers, if any | 1.47% | 1.50% | 1.51% L | |||
Expenses net of all reductions | 1.47% | 1.50% | 1.51% L | |||
Net investment income (loss) | .50% D | .15% E | (.39)% L | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 3,070 | $ | 1,392 | $ | 2,234 |
Portfolio turnover rate M | 23% | 34% | 38% L,N |
Fidelity Advisor® Emerging Markets Fund Class C |
Years ended October 31, | 2023 | 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 | - D,E | (.12) F | (.19) | |||
Net realized and unrealized gain (loss) | 3.95 | (17.26) | .67 | |||
Total from investment operations | 3.95 | (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 | $ | 31.54 | $ | 27.59 | $ | 47.31 |
Total Return G,H,I | 14.32% | (38.50)% | 1.02% | |||
Ratios to Average Net Assets C,J,K | ||||||
Expenses before reductions | 1.98% | 2.00% | 2.01% L | |||
Expenses net of fee waivers, if any | 1.98% | 2.00% | 2.01% L | |||
Expenses net of all reductions | 1.97% | 2.00% | 2.01% L | |||
Net investment income (loss) | (.01)% D | (.34)% F | (.86)% L | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,768 | $ | 1,377 | $ | 1,587 |
Portfolio turnover rate M | 23% | 34% | 38% L,N |
Fidelity® Emerging Markets Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.87 | $ | 47.56 | $ | 40.26 | $ | 33.03 | $ | 26.66 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .36 C | .28 D | .12 | .15 | .61 E | |||||
Net realized and unrealized gain (loss) | 3.98 | (17.35) | 7.81 | 7.68 | 5.98 | |||||
Total from investment operations | 4.34 | (17.07) | 7.93 | 7.83 | 6.59 | |||||
Distributions from net investment income | (.24) | (.46) | (.09) | (.60) | (.22) | |||||
Distributions from net realized gain | - | (2.16) | (.54) | - | - | |||||
Total distributions | (.24) | (2.62) | (.63) | (.60) | (.22) | |||||
Net asset value, end of period | $ | 31.97 | $ | 27.87 | $ | 47.56 | $ | 40.26 | $ | 33.03 |
Total Return F | 15.56% | (37.83)% | 19.83% | 24.09% | 24.91% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | .90% | .90% | .88% | .92% | .94% | |||||
Expenses net of fee waivers, if any | .90% | .90% | .88% | .92% | .94% | |||||
Expenses net of all reductions | .90% | .90% | .88% | .91% | .92% | |||||
Net investment income (loss) | 1.07% C | .76% D | .26% | .43% | 2.02% E | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,985,433 | $ | 3,330,900 | $ | 5,016,159 | $ | 4,526,531 | $ | 3,104,887 |
Portfolio turnover rate I | 23% | 34% | 38% J | 34% | 85% K |
Fidelity® Emerging Markets Fund Class K |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.90 | $ | 47.62 | $ | 40.30 | $ | 33.07 | $ | 26.70 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .40 C | .33 D | .16 | .19 | .65 E | |||||
Net realized and unrealized gain (loss) | 3.98 | (17.35) | 7.83 | 7.69 | 5.99 | |||||
Total from investment operations | 4.38 | (17.02) | 7.99 | 7.88 | 6.64 | |||||
Distributions from net investment income | (.28) | (.54) | (.12) | (.65) | (.26) | |||||
Distributions from net realized gain | - | (2.16) | (.54) | - | - F | |||||
Total distributions | (.28) | (2.70) | (.67) G | (.65) | (.27) G | |||||
Net asset value, end of period | $ | 32.00 | $ | 27.90 | $ | 47.62 | $ | 40.30 | $ | 33.07 |
Total Return H | 15.69% | (37.73)% | 19.94% | 24.24% | 25.08% | |||||
Ratios to Average Net Assets B,I,J | ||||||||||
Expenses before reductions | .77% | .77% | .77% | .80% | .80% | |||||
Expenses net of fee waivers, if any | .76% | .77% | .77% | .80% | .80% | |||||
Expenses net of all reductions | .76% | .77% | .77% | .79% | .79% | |||||
Net investment income (loss) | 1.20% C | .88% D | .34% | .55% | 2.15% E | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,095,217 | $ | 826,468 | $ | 1,689,454 | $ | 1,227,097 | $ | 1,018,765 |
Portfolio turnover rate K | 23% | 34% | 38% L | 34% | 85% M |
Fidelity Advisor® Emerging Markets Fund Class I |
Years ended October 31, | 2023 | 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 | .36 D | .26 E | .04 | |||
Net realized and unrealized gain (loss) | 3.97 | (17.29) | .68 | |||
Total from investment operations | 4.33 | (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 | $ | 31.89 | $ | 27.83 | $ | 47.55 |
Total Return F,G | 15.54% | (37.81)% | 1.54% | |||
Ratios to Average Net Assets C,H,I | ||||||
Expenses before reductions | .91% | .89% | .94% J | |||
Expenses net of fee waivers, if any | .90% | .89% | .93% J | |||
Expenses net of all reductions | .90% | .89% | .93% J | |||
Net investment income (loss) | 1.06% D | .76% E | .17% J | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 114,992 | $ | 47,819 | $ | 25,824 |
Portfolio turnover rate K | 23% | 34% | 38% J,L |
Fidelity Advisor® Emerging Markets Fund Class Z |
Years ended October 31, | 2023 | 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 | .40 D | .32 E | (.03) | |||
Net realized and unrealized gain (loss) | 3.97 | (17.33) | .79 | |||
Total from investment operations | 4.37 | (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 | $ | 31.96 | $ | 27.87 | $ | 47.59 |
Total Return F,G | 15.67% | (37.74)% | 1.62% | |||
Ratios to Average Net Assets C,H,I | ||||||
Expenses before reductions | .77% | .77% | .78% J | |||
Expenses net of fee waivers, if any | .76% | .77% | .78% J | |||
Expenses net of all reductions | .76% | .77% | .78% J | |||
Net investment income (loss) | 1.20% D | .88% E | (.13)% J | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 1,611,575 | $ | 1,306,539 | $ | 1,797,766 |
Portfolio turnover rate K | 23% | 34% | 38% J,L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $46,155,061 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.2 - 4.0 / 2.8 | Increase |
Market approach | Discount rate | 20.0% - 50.0% / 20.9% | Decrease | ||
Corporate Bonds | $30,508,423 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 6.0 | Increase |
Gross unrealized appreciation | $1,857,134,486 |
Gross unrealized depreciation | (1,044,194,786) |
Net unrealized appreciation (depreciation) | $812,939,700 |
Tax Cost | $6,093,061,098 |
Undistributed ordinary income | $69,710,466 |
Capital loss carryforward | $(692,207,341) |
Net unrealized appreciation (depreciation) on securities and other investments | $811,134,535 |
Short-term | $(370,826,960) |
Long-term | (321,380,381) |
Total capital loss carryforward | $(692,207,341) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $50,450,464 | $90,092,233 |
Long-term Capital Gains | - | 391,699,341 |
Total | $50,450,464 | $481,791,574 |
Purchases ($) | Sales ($) | |
Fidelity Emerging Markets Fund | 2,127,648,208 | 1,536,002,003 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $38,020 | $4,048 |
Class M | .25% | .25% | 12,072 | - |
Class C | .75% | .25% | 18,000 | 8,831 |
$68,092 | $12,879 |
Retained by FDC | |
Class A | $26,654 |
Class M | 1,072 |
Class CA | 84 |
$27,810 |
Amount | % of Class-Level Average Net Assets | |
Class A | $34,377 | .23 |
Class M | 6,140 | .25 |
Class C | 4,599 | .26 |
Emerging Markets | 7,243,375 | .17 |
Class K | 445,481 | .04 |
Class I | 186,774 | .18 |
Class Z | 673,013 | .04 |
$8,593,759 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.2000 |
Class C | 0.2000 |
Emerging Markets | 0.1718 |
Class I | 0.1894 |
% of Average Net Assets | |
Fidelity Emerging Markets Fund | .02 |
% of Average Net Assets | |
Fidelity Emerging Markets Fund | 0.0211 |
Amount | |
Fidelity Emerging Markets Fund | $20,934 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Emerging Markets Fund | Borrower | $ 2,768,500 | 5.57% | $857 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Emerging Markets Fund | 21,504,562 | 32,997,546 | (10,074,019) |
Amount ($) | |
Fidelity Emerging Markets Fund | 67,156 |
Amount | |
Fidelity Emerging Markets Fund | $12,380 |
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 | $37,490 | $ 38,413 | $- |
Expense reduction | |
Class A | $45 |
Class M | 140 |
Class C | 26 |
$211 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 311,663 | 405,334 | $10,362,526 | $16,326,133 |
Reinvestment of distributions | 1,632 | 14,217 | 52,760 | 609,645 |
Shares redeemed | (194,860) | (188,821) | (6,441,724) | (6,470,572) |
Net increase (decrease) | 118,435 | 230,730 | $3,973,562 | $10,465,206 |
Class M | ||||
Shares sold | 53,614 | 9,094 | $1,831,527 | $331,845 |
Reinvestment of distributions | 60 | 2,657 | 1,926 | 114,195 |
Shares redeemed | (7,386) | (8,614) | (241,523) | (305,492) |
Net increase (decrease) | 46,288 | 3,137 | $1,591,930 | $140,548 |
Class C | ||||
Shares sold | 28,408 | 27,888 | $941,354 | $1,033,697 |
Reinvestment of distributions | - | 1,916 | - | 82,366 |
Shares redeemed | (22,275) | (13,429) | (725,503) | (473,302) |
Net increase (decrease) | 6,133 | 16,375 | $215,851 | $642,761 |
Emerging Markets | ||||
Shares sold | 32,842,894 | 90,211,588 | $1,091,041,239 | $3,178,493,756 |
Reinvestment of distributions | 705,770 | 4,752,444 | 22,902,138 | 204,307,548 |
Shares redeemed | (28,385,896) | (80,932,071) | (937,069,628) | (2,841,698,156) |
Net increase (decrease) | 5,162,768 | 14,031,961 | $176,873,749 | $541,103,148 |
Class K | ||||
Shares sold | 13,987,503 | 8,137,924 | $471,747,111 | $295,826,108 |
Reinvestment of distributions | 257,656 | 2,211,734 | 8,363,213 | 95,060,337 |
Shares redeemed | (9,646,138) | (16,201,876) | (321,986,003) | (567,669,911) |
Net increase (decrease) | 4,599,021 | (5,852,218) | $158,124,321 | $(176,783,466) |
Class I | ||||
Shares sold | 3,147,089 | 2,413,035 | $103,953,662 | $83,439,062 |
Reinvestment of distributions | 19,449 | 35,220 | 629,629 | 1,511,652 |
Shares redeemed | (1,278,880) | (1,272,970) | (41,874,106) | (42,317,885) |
Net increase (decrease) | 1,887,658 | 1,175,285 | $62,709,185 | $42,632,829 |
Class Z | ||||
Shares sold | 6,017,620 | 8,050,253 | $203,435,458 | $312,633,669 |
Reinvestment of distributions | 395,803 | 2,468,777 | 12,830,167 | 105,984,590 |
Shares redeemed | (2,879,543) | (1,412,722) | (95,344,656) | (48,947,397) |
Net increase (decrease) | 3,533,880 | 9,106,308 | $120,920,969 | $369,670,862 |
Strategic Advisers Fidelity Emerging Markets Fund | |
Fidelity Emerging Markets Fund | 14% |
Fund | % of shares held |
Fidelity Emerging Markets Fund | 32% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 4.23% | 1.41% | 1.46% |
Class M (incl. 3.50% sales charge) | 6.45% | 1.59% | 1.41% |
Class C (incl. contingent deferred sales charge) | 8.76% | 1.81% | 1.42% |
Fidelity® Europe Fund | 10.92% | 2.94% | 2.38% |
Class I | 10.96% | 2.95% | 2.40% |
Class Z | 11.10% | 3.07% | 2.46% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Europe Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI Europe Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 6.1 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 4.5 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 4.1 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 4.1 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.9 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.6 | |
Air Liquide SA (France, Chemicals) | 2.6 | |
SAP SE (Germany, Software) | 2.5 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.4 | |
L'Oreal SA (France, Personal Care Products) | 2.4 | |
36.2 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 17.0 | |
Financials | 16.6 | |
Industrials | 14.1 | |
Consumer Discretionary | 12.2 | |
Consumer Staples | 11.7 | |
Information Technology | 10.5 | |
Energy | 5.6 | |
Materials | 5.0 | |
Communication Services | 3.1 | |
Utilities | 1.1 | |
Real Estate | 1.0 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.8% | |||
Shares | Value ($) | ||
Australia - 1.3% | |||
Glencore PLC | 1,373,900 | 7,277,316 | |
Belgium - 1.6% | |||
Azelis Group NV | 1,200 | 20,442 | |
KBC Group NV | 53,000 | 2,910,516 | |
UCB SA | 75,900 | 5,546,194 | |
TOTAL BELGIUM | 8,477,152 | ||
China - 0.7% | |||
Prosus NV | 129,053 | 3,609,042 | |
Denmark - 8.3% | |||
DSV A/S | 17,300 | 2,580,131 | |
Novo Nordisk A/S Series B | 345,700 | 33,351,833 | |
Tryg A/S | 328,400 | 6,408,543 | |
Vestas Wind Systems A/S (a) | 154,000 | 3,337,917 | |
TOTAL DENMARK | 45,678,424 | ||
Finland - 2.5% | |||
Elisa Corp. (A Shares) | 125,900 | 5,339,249 | |
Nordea Bank Abp | 768,000 | 8,070,486 | |
TOTAL FINLAND | 13,409,735 | ||
France - 22.7% | |||
Air Liquide SA | 82,880 | 14,201,675 | |
Airbus Group NV | 62,200 | 8,339,541 | |
AXA SA | 272,500 | 8,074,291 | |
BNP Paribas SA | 128,200 | 7,372,016 | |
Capgemini SA | 40,600 | 7,175,189 | |
Dassault Aviation SA | 51,300 | 10,177,599 | |
Dassault Systemes SA | 90,600 | 3,732,119 | |
Edenred SA | 85,100 | 4,523,826 | |
L'Oreal SA | 30,800 | 12,946,186 | |
LVMH Moet Hennessy Louis Vuitton SE | 27,600 | 19,759,684 | |
Pernod Ricard SA | 37,100 | 6,575,298 | |
TotalEnergies SE | 324,007 | 21,662,292 | |
TOTAL FRANCE | 124,539,716 | ||
Germany - 10.4% | |||
Deutsche Borse AG | 35,700 | 5,876,094 | |
DHL Group | 90,300 | 3,512,287 | |
Gerresheimer AG | 30,300 | 2,818,112 | |
Merck KGaA | 31,900 | 4,804,795 | |
MTU Aero Engines AG | 23,100 | 4,326,253 | |
Rheinmetall AG | 13,900 | 3,976,932 | |
RWE AG | 162,800 | 6,223,706 | |
SAP SE | 103,500 | 13,882,696 | |
SCHOTT Pharma AG & Co. KGaA | 65,000 | 1,884,476 | |
Scout24 AG (b) | 87,100 | 5,347,153 | |
Siemens Healthineers AG (b) | 85,600 | 4,195,358 | |
TOTAL GERMANY | 56,847,862 | ||
Hong Kong - 1.0% | |||
Prudential PLC | 514,355 | 5,378,296 | |
Ireland - 1.0% | |||
Bank of Ireland Group PLC | 589,400 | 5,269,793 | |
Italy - 5.8% | |||
Coca-Cola HBC AG | 97,600 | 2,529,147 | |
Davide Campari Milano NV | 346,200 | 3,820,657 | |
Ferrari NV (Italy) | 21,900 | 6,615,717 | |
FinecoBank SpA | 291,635 | 3,429,856 | |
Industrie de Nora SpA | 120,000 | 1,692,537 | |
Prada SpA | 587,600 | 3,539,736 | |
Recordati SpA | 148,000 | 6,827,708 | |
UniCredit SpA | 140,800 | 3,529,802 | |
TOTAL ITALY | 31,985,160 | ||
Netherlands - 5.2% | |||
ASML Holding NV (Netherlands) | 41,200 | 24,766,161 | |
Heineken NV (Bearer) | 42,800 | 3,845,300 | |
TOTAL NETHERLANDS | 28,611,461 | ||
Norway - 2.3% | |||
Equinor ASA | 215,800 | 7,234,310 | |
Kongsberg Gruppen ASA | 72,700 | 2,967,626 | |
TGS ASA | 176,583 | 2,405,877 | |
TOTAL NORWAY | 12,607,813 | ||
Spain - 0.7% | |||
CaixaBank SA | 985,100 | 4,004,965 | |
Sweden - 6.5% | |||
ASSA ABLOY AB (B Shares) | 186,000 | 3,964,604 | |
Evolution AB (b) | 38,700 | 3,438,898 | |
Haypp Group (a) | 399,824 | 1,608,258 | |
Hemnet Group AB | 336,300 | 5,835,754 | |
HEXPOL AB (B Shares) | 238,100 | 2,105,315 | |
Indutrade AB | 203,400 | 3,592,429 | |
Investor AB (B Shares) | 360,200 | 6,595,763 | |
Kry International AB (a)(c)(d) | 406 | 14,902 | |
Nordnet AB | 233,200 | 3,290,407 | |
Sandvik AB | 294,100 | 5,009,411 | |
TOTAL SWEDEN | 35,455,741 | ||
Switzerland - 2.2% | |||
Compagnie Financiere Richemont SA Series A | 71,470 | 8,431,710 | |
Sika AG | 16,240 | 3,872,320 | |
TOTAL SWITZERLAND | 12,304,030 | ||
United Kingdom - 18.9% | |||
3i Group PLC | 152,841 | 3,603,622 | |
AstraZeneca PLC (United Kingdom) | 177,600 | 22,236,186 | |
B&M European Value Retail SA | 795,200 | 5,110,989 | |
Beazley PLC | 351,600 | 2,198,727 | |
Bunzl PLC | 156,717 | 5,584,923 | |
Compass Group PLC | 336,313 | 8,478,917 | |
Diageo PLC | 300,280 | 11,355,396 | |
Direct Line Insurance Group PLC (a) | 500,250 | 919,948 | |
Games Workshop Group PLC | 6,900 | 828,177 | |
Grainger Trust PLC | 875,148 | 2,418,851 | |
Hiscox Ltd. | 306,417 | 3,493,436 | |
JD Sports Fashion PLC | 2,768,700 | 4,290,651 | |
Judges Scientific PLC | 10,868 | 1,077,896 | |
London Stock Exchange Group PLC | 58,500 | 5,902,363 | |
Londonmetric Properity PLC | 926,341 | 1,862,274 | |
RELX PLC (London Stock Exchange) | 382,218 | 13,350,002 | |
Safestore Holdings PLC | 211,769 | 1,759,292 | |
Sage Group PLC | 636,200 | 7,505,352 | |
Vistry Group PLC | 202,300 | 1,738,411 | |
TOTAL UNITED KINGDOM | 103,715,413 | ||
United States of America - 6.7% | |||
Experian PLC | 119,157 | 3,607,700 | |
Nestle SA (Reg. S) | 209,490 | 22,591,146 | |
Sanofi SA | 113,300 | 10,288,345 | |
TOTAL UNITED STATES OF AMERICA | 36,487,191 | ||
TOTAL COMMON STOCKS (Cost $505,814,288) | 535,659,110 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(c)(d) | 3,852 | 454,941 | |
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(d) | 2,345 | 86,074 | |
TOTAL PREFERRED STOCKS (Cost $2,072,807) | 541,015 | ||
Money Market Funds - 1.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) | 4,562,325 | 4,563,237 | |
Fidelity Securities Lending Cash Central Fund 5.40% (e)(f) | 2,636,593 | 2,636,857 | |
TOTAL MONEY MARKET FUNDS (Cost $7,200,094) | 7,200,094 | ||
TOTAL INVESTMENT IN SECURITIES - 99.2% (Cost $515,087,189) | 543,400,219 |
NET OTHER ASSETS (LIABILITIES) - 0.8% | 4,235,722 |
NET ASSETS - 100.0% | 547,635,941 |
(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 $12,981,409 or 2.4% 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 $555,917 or 0.1% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | - | 120,607,794 | 116,044,557 | 263,605 | - | - | 4,563,237 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 3,435,000 | 78,810,746 | 79,608,889 | 87,188 | - | - | 2,636,857 | 0.0% |
Total | 3,435,000 | 199,418,540 | 195,653,446 | 350,793 | - | - | 7,200,094 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 16,522,156 | 16,522,156 | - | - |
Consumer Discretionary | 67,450,190 | 27,240,143 | 40,210,047 | - |
Consumer Staples | 63,663,130 | 12,925,102 | 50,738,028 | - |
Energy | 31,302,479 | 2,405,877 | 28,896,602 | - |
Financials | 90,852,750 | 47,111,301 | 43,741,449 | - |
Health Care | 91,953,007 | 26,076,643 | 65,876,364 | - |
Industrials | 77,118,230 | 43,116,755 | 34,001,475 | - |
Information Technology | 57,617,434 | 7,505,352 | 49,556,165 | 555,917 |
Materials | 27,456,626 | 5,977,635 | 21,478,991 | - |
Real Estate | 6,040,417 | 6,040,417 | - | - |
Utilities | 6,223,706 | 6,223,706 | - | - |
Money Market Funds | 7,200,094 | 7,200,094 | - | - |
Total Investments in Securities: | 543,400,219 | 208,345,181 | 334,499,121 | 555,917 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,683,615) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $507,887,095) | $ | 536,200,125 | ||
Fidelity Central Funds (cost $7,200,094) | 7,200,094 | |||
Total Investment in Securities (cost $515,087,189) | $ | 543,400,219 | ||
Cash | 631,917 | |||
Receivable for investments sold | 3,365,165 | |||
Receivable for fund shares sold | 24,988 | |||
Reclaims receivable | 3,484,850 | |||
Distributions receivable from Fidelity Central Funds | 7,173 | |||
Prepaid expenses | 866 | |||
Total assets | 550,915,178 | |||
Liabilities | ||||
Payable for investments purchased | $ | 15,547 | ||
Payable for fund shares redeemed | 258,677 | |||
Accrued management fee | 180,501 | |||
Distribution and service plan fees payable | 6,781 | |||
Other affiliated payables | 105,736 | |||
Other payables and accrued expenses | 75,138 | |||
Collateral on securities loaned | 2,636,857 | |||
Total Liabilities | 3,279,237 | |||
Net Assets | $ | 547,635,941 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 611,327,841 | ||
Total accumulated earnings (loss) | (63,691,900) | |||
Net Assets | $ | 547,635,941 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($15,324,998 ÷ 502,421 shares)(a) | $ | 30.50 | ||
Maximum offering price per share (100/94.25 of $30.50) | $ | 32.36 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,247,575 ÷ 139,270 shares)(a) | $ | 30.50 | ||
Maximum offering price per share (100/96.50 of $30.50) | $ | 31.61 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,024,633 ÷ 67,425 shares)(a) | $ | 30.03 | ||
Europe : | ||||
Net Asset Value, offering price and redemption price per share ($519,010,343 ÷ 16,971,479 shares) | $ | 30.58 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($4,806,367 ÷ 157,148 shares) | $ | 30.58 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($2,222,025 ÷ 72,782 shares) | $ | 30.53 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 15,776,445 | ||
Foreign Tax Reclaims | 1,681,827 | |||
Income from Fidelity Central Funds (including $87,188 from security lending) | 350,793 | |||
Income before foreign taxes withheld | $ | 17,809,065 | ||
Less foreign taxes withheld | (2,819,871) | |||
Total Income | 14,989,194 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,153,398 | ||
Performance adjustment | (1,427,604) | |||
Transfer agent fees | 1,048,507 | |||
Distribution and service plan fees | 91,571 | |||
Accounting fees | 294,606 | |||
Custodian fees and expenses | 50,095 | |||
Independent trustees' fees and expenses | 3,574 | |||
Registration fees | 83,267 | |||
Audit | 93,823 | |||
Legal | 618 | |||
Miscellaneous | 3,022 | |||
Total expenses before reductions | 4,394,877 | |||
Expense reductions | (37,253) | |||
Total expenses after reductions | 4,357,624 | |||
Net Investment income (loss) | 10,631,570 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (2,036,144) | |||
Foreign currency transactions | 370,023 | |||
Total net realized gain (loss) | (1,666,121) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 54,190,120 | |||
Assets and liabilities in foreign currencies | 210,531 | |||
Total change in net unrealized appreciation (depreciation) | 54,400,651 | |||
Net gain (loss) | 52,734,530 | |||
Net increase (decrease) in net assets resulting from operations | $ | 63,366,100 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 10,631,570 | $ | 12,412,102 |
Net realized gain (loss) | (1,666,121) | (97,543,049) | ||
Change in net unrealized appreciation (depreciation) | 54,400,651 | (184,315,984) | ||
Net increase (decrease) in net assets resulting from operations | 63,366,100 | (269,446,931) | ||
Distributions to shareholders | - | (133,487,366) | ||
Share transactions - net increase (decrease) | (68,214,872) | (44,868,451) | ||
Total increase (decrease) in net assets | (4,848,772) | (447,802,748) | ||
Net Assets | ||||
Beginning of period | 552,484,713 | 1,000,287,461 | ||
End of period | $ | 547,635,941 | $ | 552,484,713 |
Fidelity Advisor® Europe Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.58 | $ | 46.12 | $ | 35.37 | $ | 36.30 | $ | 37.61 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .46 | .47 | .41 | .19 | 1.41 C | |||||
Net realized and unrealized gain (loss) | 2.46 | (12.91) | 10.72 | 1.46 | .82 | |||||
Total from investment operations | 2.92 | (12.44) | 11.13 | 1.65 | 2.23 | |||||
Distributions from net investment income | - | (.99) | (.38) | (1.50) | (.11) | |||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | |||||
Total distributions | - | (6.10) D | (.38) | (2.58) | (3.54) | |||||
Net asset value, end of period | $ | 30.50 | $ | 27.58 | $ | 46.12 | $ | 35.37 | $ | 36.30 |
Total Return E,F | 10.59% | (30.29)% | 31.60% | 4.62% | 7.21% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.02% | 1.18% | 1.36% | 1.34% | 1.09% | |||||
Expenses net of fee waivers, if any | 1.01% | 1.18% | 1.36% | 1.34% | 1.09% | |||||
Expenses net of all reductions | 1.01% | 1.18% | 1.36% | 1.33% | 1.07% | |||||
Net investment income (loss) | 1.43% | 1.42% | .92% | .56% | 4.02% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 15,325 | $ | 16,495 | $ | 32,148 | $ | 23,189 | $ | 20,819 |
Portfolio turnover rate I | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.65 | $ | 46.18 | $ | 35.42 | $ | 36.32 | $ | 37.57 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .38 | .37 | .27 | .09 | 1.30 C | |||||
Net realized and unrealized gain (loss) | 2.47 | (12.95) | 10.75 | 1.45 | .83 | |||||
Total from investment operations | 2.85 | (12.58) | 11.02 | 1.54 | 2.13 | |||||
Distributions from net investment income | - | (.83) | (.26) | (1.36) | - | |||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.38) | |||||
Total distributions | - | (5.95) | (.26) | (2.44) | (3.38) | |||||
Net asset value, end of period | $ | 30.50 | $ | 27.65 | $ | 46.18 | $ | 35.42 | $ | 36.32 |
Total Return D,E | 10.31% | (30.51)% | 31.20% | 4.30% | 6.88% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.29% | 1.49% | 1.68% | 1.65% | 1.41% | |||||
Expenses net of fee waivers, if any | 1.28% | 1.48% | 1.68% | 1.65% | 1.40% | |||||
Expenses net of all reductions | 1.28% | 1.48% | 1.68% | 1.64% | 1.38% | |||||
Net investment income (loss) | 1.16% | 1.12% | .59% | .25% | 3.70% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,248 | $ | 4,066 | $ | 6,937 | $ | 5,204 | $ | 5,782 |
Portfolio turnover rate H | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.36 | $ | 45.63 | $ | 35.01 | $ | 35.87 | $ | 37.23 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .21 | .21 | .04 | (.09) | 1.12 C | |||||
Net realized and unrealized gain (loss) | 2.46 | (12.84) | 10.64 | 1.45 | .82 | |||||
Total from investment operations | 2.67 | (12.63) | 10.68 | 1.36 | 1.94 | |||||
Distributions from net investment income | - | (.52) | (.06) | (1.14) | - | |||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.30) | |||||
Total distributions | - | (5.64) | (.06) | (2.22) | (3.30) | |||||
Net asset value, end of period | $ | 30.03 | $ | 27.36 | $ | 45.63 | $ | 35.01 | $ | 35.87 |
Total Return D,E | 9.76% | (30.85)% | 30.53% | 3.81% | 6.35% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.79% | 1.99% | 2.19% | 2.15% | 1.90% | |||||
Expenses net of fee waivers, if any | 1.78% | 1.98% | 2.18% | 2.15% | 1.90% | |||||
Expenses net of all reductions | 1.78% | 1.98% | 2.18% | 2.14% | 1.87% | |||||
Net investment income (loss) | .65% | .62% | .09% | (.25)% | 3.21% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,025 | $ | 2,496 | $ | 5,255 | $ | 5,242 | $ | 6,145 |
Portfolio turnover rate H | 37% | 55% | 52% | 39% | 45% |
Fidelity® Europe Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.57 | $ | 46.11 | $ | 35.35 | $ | 36.28 | $ | 37.70 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .57 | .57 | .54 | .30 | 1.52 C | |||||
Net realized and unrealized gain (loss) | 2.44 | (12.88) | 10.71 | 1.46 | .81 | |||||
Total from investment operations | 3.01 | (12.31) | 11.25 | 1.76 | 2.33 | |||||
Distributions from net investment income | - | (1.11) | (.49) | (1.61) | (.32) | |||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | |||||
Total distributions | - | (6.23) | (.49) | (2.69) | (3.75) | |||||
Net asset value, end of period | $ | 30.58 | $ | 27.57 | $ | 46.11 | $ | 35.35 | $ | 36.28 |
Total Return D | 10.92% | (30.07)% | 31.99% | 4.95% | 7.56% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .70% | .88% | 1.06% | 1.03% | .78% | |||||
Expenses net of fee waivers, if any | .69% | .88% | 1.06% | 1.03% | .77% | |||||
Expenses net of all reductions | .69% | .88% | 1.06% | 1.02% | .75% | |||||
Net investment income (loss) | 1.75% | 1.73% | 1.21% | .86% | 4.33% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 519,010 | $ | 523,685 | $ | 913,296 | $ | 755,125 | $ | 836,373 |
Portfolio turnover rate G | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.56 | $ | 46.07 | $ | 35.34 | $ | 36.27 | $ | 37.69 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .57 | .60 | .54 | .31 | 1.53 C | |||||
Net realized and unrealized gain (loss) | 2.45 | (12.91) | 10.70 | 1.46 | .80 | |||||
Total from investment operations | 3.02 | (12.31) | 11.24 | 1.77 | 2.33 | |||||
Distributions from net investment income | - | (1.08) | (.51) | (1.62) | (.32) | |||||
Distributions from net realized gain | - | (5.12) | - | (1.08) | (3.43) | |||||
Total distributions | - | (6.20) | (.51) | (2.70) | (3.75) | |||||
Net asset value, end of period | $ | 30.58 | $ | 27.56 | $ | 46.07 | $ | 35.34 | $ | 36.27 |
Total Return D | 10.96% | (30.08)% | 31.99% | 4.99% | 7.58% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .68% | .86% | 1.06% | 1.00% | .75% | |||||
Expenses net of fee waivers, if any | .67% | .86% | 1.06% | 1.00% | .74% | |||||
Expenses net of all reductions | .67% | .86% | 1.06% | .99% | .72% | |||||
Net investment income (loss) | 1.77% | 1.74% | 1.22% | .90% | 4.36% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,806 | $ | 4,283 | $ | 14,401 | $ | 14,733 | $ | 6,686 |
Portfolio turnover rate G | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 27.48 | $ | 46.00 | $ | 35.27 | $ | 36.21 | $ | 37.69 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .61 | .62 | .59 | .34 | 1.53 C | |||||
Net realized and unrealized gain (loss) | 2.44 | (12.86) | 10.67 | 1.47 | .82 | |||||
Total from investment operations | 3.05 | (12.24) | 11.26 | 1.81 | 2.35 | |||||
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) D | (.53) | (2.75) | (3.83) D | |||||
Net asset value, end of period | $ | 30.53 | $ | 27.48 | $ | 46.00 | $ | 35.27 | $ | 36.21 |
Total Return E | 11.10% | (30.00)% | 32.13% | 5.11% | 7.71% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .57% | .76% | .95% | .91% | .65% | |||||
Expenses net of fee waivers, if any | .56% | .75% | .95% | .90% | .64% | |||||
Expenses net of all reductions | .56% | .75% | .95% | .90% | .62% | |||||
Net investment income (loss) | 1.87% | 1.85% | 1.33% | .99% | 4.46% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,222 | $ | 1,461 | $ | 28,249 | $ | 19,479 | $ | 21,838 |
Portfolio turnover rate H | 37% | 55% | 52% | 39% | 45% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $63,078,882 |
Gross unrealized depreciation | (35,059,719) |
Net unrealized appreciation (depreciation) | $28,019,163 |
Tax Cost | $515,381,056 |
Undistributed ordinary income | $9,350,980 |
Capital loss carryforward | $(100,926,653) |
Net unrealized appreciation (depreciation) on securities and other investments | $27,883,771 |
Short-term | $(56,749,290) |
Long-term | (44,177,363) |
Total capital loss carryforward | $(100,926,653) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $- | $58,772,480 |
Long-term Capital Gains | - | 74,714,886 |
Total | $- | $133,487,366 |
Purchases ($) | Sales ($) | |
Fidelity Europe Fund | 220,059,208 | 275,819,288 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $43,213 | $194 |
Class M | .25% | .25% | 23,224 | 191 |
Class C | .75% | .25% | 25,134 | 1,342 |
$91,571 | $1,727 |
Retained by FDC | |
Class A | $748 |
Class M | 127 |
Class CA | 58 |
$933 |
Amount | % of Class-Level Average Net Assets | |
Class A | $41,212 | .24 |
Class M | 11,900 | .26 |
Class C | 6,494 | .26 |
Europe | 980,091 | .17 |
Class I | 7,945 | .15 |
Class Z | 865 | .04 |
$1,048,507 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.2000 |
Class C | 0.2000 |
Europe | 0.1641 |
Class I | 0.1486 |
% of Average Net Assets | |
Fidelity Europe Fund | .05 |
% of Average Net Assets | |
Fidelity Europe Fund | 0.0476 |
Amount | |
Fidelity Europe Fund | $7 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Europe Fund | 6,267,232 | 7,999,402 | (3,161,025) |
Amount | |
Fidelity Europe Fund | $1,118 |
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 | $9,472 | $- | $- |
Expense reduction | |
Class A | $82 |
Class M | 196 |
$278 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Europe Fund | ||||
Class A | ||||
Shares sold | 44,425 | 89,634 | $1,464,114 | $3,307,956 |
Reinvestment of distributions | - | 114,063 | - | 4,203,218 |
Shares redeemed | (139,999) | (302,699) | (4,536,728) | (9,893,172) |
Net increase (decrease) | (95,574) | (99,002) | $(3,072,614) | $(2,381,998) |
Class M | ||||
Shares sold | 4,489 | 8,884 | $147,618 | $301,526 |
Reinvestment of distributions | - | 23,449 | - | 868,563 |
Shares redeemed | (12,258) | (35,522) | (398,082) | (1,126,542) |
Net increase (decrease) | (7,769) | (3,189) | $(250,464) | $43,547 |
Class C | ||||
Shares sold | 8,574 | 5,167 | $278,728 | $168,904 |
Reinvestment of distributions | - | 17,238 | - | 634,712 |
Shares redeemed | (32,347) | (46,375) | (1,039,195) | (1,573,732) |
Net increase (decrease) | (23,773) | (23,970) | $(760,467) | $(770,116) |
Europe | ||||
Shares sold | 957,209 | 1,206,003 | $31,285,588 | $40,801,820 |
Reinvestment of distributions | - | 3,093,089 | - | 113,578,213 |
Shares redeemed | (2,983,175) | (5,107,735) | (96,260,656) | (176,296,705) |
Net increase (decrease) | (2,025,966) | (808,643) | $(64,975,068) | $(21,916,672) |
Class I | ||||
Shares sold | 81,291 | 42,946 | $2,703,708 | $1,701,289 |
Reinvestment of distributions | - | 41,688 | - | 1,530,795 |
Shares redeemed | (79,518) | (241,861) | (2,541,717) | (8,753,022) |
Net increase (decrease) | 1,773 | (157,227) | $161,991 | $(5,520,938) |
Class Z | ||||
Shares sold | 49,574 | 91,178 | $1,674,500 | $3,170,475 |
Reinvestment of distributions | - | 99,611 | - | 3,642,775 |
Shares redeemed | (29,932) | (751,739) | (992,750) | (21,135,524) |
Net increase (decrease) | 19,642 | (560,950) | $681,750 | $(14,322,274) |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 3.49% | 2.08% | 3.03% |
Class M (incl. 3.50% sales charge) | 5.65% | 2.26% | 2.95% |
Class C (incl. contingent deferred sales charge) | 8.00% | 2.57% | 3.06% |
Fidelity® Japan Fund | 10.04% | 3.60% | 3.95% |
Class I | 10.11% | 3.63% | 3.99% |
Class Z | 10.29% | 3.75% | 4.05% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Japan Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the Tokyo Stock Price Index (TOPIX) performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Sumitomo Mitsui Financial Group, Inc. (Banks) | 5.7 | |
Sony Group Corp. (Household Durables) | 4.4 | |
Hitachi Ltd. (Industrial Conglomerates) | 4.0 | |
ORIX Corp. (Financial Services) | 3.4 | |
DENSO Corp. (Automobile Components) | 3.3 | |
Tokio Marine Holdings, Inc. (Insurance) | 3.2 | |
Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) | 3.1 | |
Hoya Corp. (Health Care Equipment & Supplies) | 3.0 | |
INPEX Corp. (Oil, Gas & Consumable Fuels) | 2.8 | |
Shin-Etsu Chemical Co. Ltd. (Chemicals) | 2.6 | |
35.5 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.5 | |
Consumer Discretionary | 18.7 | |
Information Technology | 17.1 | |
Financials | 14.4 | |
Health Care | 6.7 | |
Materials | 5.9 | |
Communication Services | 5.0 | |
Consumer Staples | 4.0 | |
Energy | 3.3 | |
Utilities | 1.5 | |
Real Estate | 1.0 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.0% | |||
Diversified Telecommunication Services - 0.9% | |||
JTOWER, Inc. (a)(b) | 165,600 | 6,026,361 | |
Entertainment - 0.9% | |||
Daiichikosho Co. Ltd. | 369,000 | 5,454,359 | |
Interactive Media & Services - 1.5% | |||
Hypebeast Ltd. (a) | 16,722,500 | 781,361 | |
Kakaku.com, Inc. | 394,800 | 3,807,646 | |
LY Corp. | 1,944,000 | 4,956,202 | |
9,545,209 | |||
Media - 0.2% | |||
ValueCommerce Co. Ltd. | 116,800 | 970,938 | |
Wireless Telecommunication Services - 1.5% | |||
SoftBank Group Corp. | 231,700 | 9,489,058 | |
TOTAL COMMUNICATION SERVICES | 31,485,925 | ||
CONSUMER DISCRETIONARY - 18.7% | |||
Automobile Components - 3.9% | |||
DENSO Corp. | 1,410,400 | 20,826,437 | |
Koito Manufacturing Co. Ltd. | 256,800 | 3,847,565 | |
24,674,002 | |||
Automobiles - 2.2% | |||
Isuzu Motors Ltd. | 503,400 | 5,613,238 | |
Suzuki Motor Corp. | 217,400 | 8,437,731 | |
14,050,969 | |||
Broadline Retail - 0.9% | |||
Pan Pacific International Holdings Ltd. | 293,200 | 5,678,071 | |
Hotels, Restaurants & Leisure - 1.4% | |||
Curves Holdings Co. Ltd. | 714,700 | 3,117,638 | |
Kyoritsu Maintenance Co. Ltd. (b) | 146,900 | 5,618,336 | |
8,735,974 | |||
Household Durables - 5.9% | |||
Chervon Holdings Ltd. | 1,163,900 | 2,866,744 | |
Open House Group Co. Ltd. | 190,800 | 6,288,837 | |
Sony Group Corp. | 337,300 | 28,042,746 | |
37,198,327 | |||
Leisure Products - 2.2% | |||
Bandai Namco Holdings, Inc. | 283,000 | 5,863,340 | |
Roland Corp. | 147,700 | 4,270,594 | |
YONEX Co. Ltd. (b) | 350,600 | 3,798,347 | |
13,932,281 | |||
Specialty Retail - 2.2% | |||
Fast Retailing Co. Ltd. | 40,000 | 8,855,856 | |
ZOZO, Inc. | 271,200 | 5,156,799 | |
14,012,655 | |||
TOTAL CONSUMER DISCRETIONARY | 118,282,279 | ||
CONSUMER STAPLES - 4.0% | |||
Consumer Staples Distribution & Retail - 3.2% | |||
Seven & i Holdings Co. Ltd. | 327,100 | 11,984,522 | |
Sugi Holdings Co. Ltd. | 50,700 | 2,052,253 | |
Tsuruha Holdings, Inc. (b) | 49,900 | 3,665,490 | |
Welcia Holdings Co. Ltd. | 142,300 | 2,358,738 | |
20,061,003 | |||
Personal Care Products - 0.8% | |||
Shiseido Co. Ltd. | 165,100 | 5,236,225 | |
TOTAL CONSUMER STAPLES | 25,297,228 | ||
ENERGY - 3.3% | |||
Oil, Gas & Consumable Fuels - 3.3% | |||
ENEOS Holdings, Inc. | 840,400 | 3,114,033 | |
INPEX Corp. | 1,204,800 | 17,482,703 | |
20,596,736 | |||
FINANCIALS - 14.4% | |||
Banks - 6.8% | |||
Resona Holdings, Inc. | 1,277,400 | 6,825,560 | |
Sumitomo Mitsui Financial Group, Inc. | 748,800 | 36,098,135 | |
42,923,695 | |||
Capital Markets - 0.5% | |||
SBI Holdings, Inc. Japan | 155,200 | 3,339,119 | |
Financial Services - 3.4% | |||
ORIX Corp. | 1,178,200 | 21,427,159 | |
Insurance - 3.7% | |||
Lifenet Insurance Co. (a) | 454,100 | 2,901,655 | |
Tokio Marine Holdings, Inc. | 907,200 | 20,296,093 | |
23,197,748 | |||
TOTAL FINANCIALS | 90,887,721 | ||
HEALTH CARE - 6.7% | |||
Biotechnology - 0.1% | |||
PeptiDream, Inc. (a) | 110,100 | 802,611 | |
Health Care Equipment & Supplies - 3.0% | |||
Hoya Corp. | 195,100 | 18,782,008 | |
Health Care Technology - 0.1% | |||
Medlive Technology Co. Ltd. (b)(c) | 832,500 | 831,154 | |
Pharmaceuticals - 3.5% | |||
Astellas Pharma, Inc. | 859,100 | 10,867,508 | |
Daiichi Sankyo Kabushiki Kaisha | 432,200 | 11,143,929 | |
22,011,437 | |||
TOTAL HEALTH CARE | 42,427,210 | ||
INDUSTRIALS - 21.5% | |||
Aerospace & Defense - 0.2% | |||
Space Exploration Technologies Corp. Class A (a)(d)(e) | 18,055 | 1,462,455 | |
Building Products - 0.8% | |||
Toto Ltd. | 198,900 | 4,795,800 | |
Ground Transportation - 0.4% | |||
Seibu Holdings, Inc. | 286,100 | 2,793,615 | |
Industrial Conglomerates - 4.0% | |||
Hitachi Ltd. | 394,900 | 25,031,379 | |
Machinery - 7.0% | |||
IHI Corp. | 412,800 | 7,922,530 | |
Minebea Mitsumi, Inc. | 407,600 | 6,390,884 | |
Misumi Group, Inc. | 390,960 | 5,918,612 | |
Mitsubishi Heavy Industries Ltd. | 135,000 | 6,953,132 | |
Nabtesco Corp. | 189,900 | 3,363,451 | |
SMC Corp. | 30,400 | 14,037,599 | |
44,586,208 | |||
Professional Services - 7.5% | |||
BayCurrent Consulting, Inc. | 194,300 | 4,878,242 | |
Dip Corp. | 81,700 | 1,619,243 | |
Funai Soken Holdings, Inc. | 272,000 | 4,470,567 | |
Gakujo Co. Ltd. (b) | 202,100 | 2,254,068 | |
Outsourcing, Inc. | 737,500 | 5,480,293 | |
Persol Holdings Co. Ltd. | 7,245,000 | 10,863,268 | |
Qualtec Co. Ltd. | 8,500 | 108,488 | |
Rise Consulting Group, Inc. | 59,100 | 335,311 | |
SMS Co., Ltd. | 241,900 | 3,838,448 | |
TechnoPro Holdings, Inc. | 675,100 | 13,374,305 | |
47,222,233 | |||
Trading Companies & Distributors - 1.6% | |||
Itochu Corp. | 280,000 | 10,085,889 | |
TOTAL INDUSTRIALS | 135,977,579 | ||
INFORMATION TECHNOLOGY - 17.1% | |||
Electronic Equipment, Instruments & Components - 4.5% | |||
Dexerials Corp. | 318,300 | 7,260,525 | |
Hamamatsu Photonics K.K. | 92,800 | 3,446,872 | |
Iriso Electronics Co. Ltd. | 106,200 | 2,507,215 | |
Murata Manufacturing Co. Ltd. | 376,500 | 6,449,211 | |
Shibaura Electronics Co. Ltd. | 68,000 | 2,541,900 | |
TDK Corp. | 160,200 | 5,993,918 | |
28,199,641 | |||
IT Services - 5.3% | |||
Digital Hearts Holdings Co. Ltd. | 214,692 | 1,306,837 | |
DTS Corp. | 187,900 | 3,859,164 | |
ExaWizards, Inc. (a)(b) | 627,500 | 1,566,930 | |
Fujitsu Ltd. | 106,000 | 13,732,040 | |
Net One Systems Co. Ltd. | 213,800 | 3,263,213 | |
NSD Co. Ltd. | 341,000 | 5,933,022 | |
Techmatrix Corp. | 413,100 | 4,082,516 | |
33,743,722 | |||
Semiconductors & Semiconductor Equipment - 5.0% | |||
Furuya Metal Co. Ltd. | 5,200 | 336,401 | |
Renesas Electronics Corp. (a) | 1,473,900 | 19,360,591 | |
ROHM Co. Ltd. | 340,000 | 5,447,470 | |
Sumco Corp. | 526,700 | 6,806,098 | |
31,950,560 | |||
Software - 0.6% | |||
Appier Group, Inc. (a) | 76,600 | 630,598 | |
Money Forward, Inc. (a) | 118,800 | 3,000,654 | |
3,631,252 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
FUJIFILM Holdings Corp. | 195,600 | 10,698,891 | |
TOTAL INFORMATION TECHNOLOGY | 108,224,066 | ||
MATERIALS - 5.9% | |||
Chemicals - 5.9% | |||
Nippon Sanso Holdings Corp. | 238,000 | 6,002,005 | |
Nissan Chemical Corp. | 64,500 | 2,630,645 | |
NOF Corp. | 90,400 | 3,566,365 | |
Resonac Holdings Corp. | 243,900 | 3,953,921 | |
Shin-Etsu Chemical Co. Ltd. | 543,300 | 16,246,506 | |
Tokyo Ohka Kogyo Co. Ltd. | 87,300 | 5,044,265 | |
37,443,707 | |||
REAL ESTATE - 1.0% | |||
Real Estate Management & Development - 1.0% | |||
Relo Group, Inc. | 612,000 | 6,067,419 | |
UTILITIES - 1.5% | |||
Electric Utilities - 1.5% | |||
Kansai Electric Power Co., Inc. | 760,800 | 9,741,163 | |
TOTAL COMMON STOCKS (Cost $578,262,044) | 626,431,033 | ||
Money Market Funds - 2.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 558,205 | 558,316 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 13,584,913 | 13,586,272 | |
TOTAL MONEY MARKET FUNDS (Cost $14,144,588) | 14,144,588 | ||
TOTAL INVESTMENT IN SECURITIES - 101.3% (Cost $592,406,632) | 640,575,621 |
NET OTHER ASSETS (LIABILITIES) - (1.3)% | (8,318,640) |
NET ASSETS - 100.0% | 632,256,981 |
(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 $831,154 or 0.1% 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 $1,462,455 or 0.2% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 1,141,639 | 60,295,698 | 60,879,021 | 53,627 | - | - | 558,316 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 2,829,335 | 138,407,342 | 127,650,405 | 87,746 | - | - | 13,586,272 | 0.1% |
Total | 3,970,974 | 198,703,040 | 188,529,426 | 141,373 | - | - | 14,144,588 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 31,485,925 | - | 31,485,925 | - |
Consumer Discretionary | 118,282,279 | - | 118,282,279 | - |
Consumer Staples | 25,297,228 | - | 25,297,228 | - |
Energy | 20,596,736 | - | 20,596,736 | - |
Financials | 90,887,721 | - | 90,887,721 | - |
Health Care | 42,427,210 | - | 42,427,210 | - |
Industrials | 135,977,579 | - | 134,515,124 | 1,462,455 |
Information Technology | 108,224,066 | - | 108,224,066 | - |
Materials | 37,443,707 | - | 37,443,707 | - |
Real Estate | 6,067,419 | - | 6,067,419 | - |
Utilities | 9,741,163 | - | 9,741,163 | - |
Money Market Funds | 14,144,588 | 14,144,588 | - | - |
Total Investments in Securities: | 640,575,621 | 14,144,588 | 624,968,578 | 1,462,455 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $12,883,793) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $578,262,044) | $ | 626,431,033 | ||
Fidelity Central Funds (cost $14,144,588) | 14,144,588 | |||
Total Investment in Securities (cost $592,406,632) | $ | 640,575,621 | ||
Cash | 24,191 | |||
Foreign currency held at value (cost $241,962) | 237,966 | |||
Receivable for investments sold | 905,533 | |||
Receivable for fund shares sold | 88,353 | |||
Dividends receivable | 4,671,381 | |||
Distributions receivable from Fidelity Central Funds | 19,624 | |||
Prepaid expenses | 968 | |||
Total assets | 646,523,637 | |||
Liabilities | ||||
Payable for investments purchased | $ | 21,643 | ||
Payable for fund shares redeemed | 258,471 | |||
Accrued management fee | 243,159 | |||
Distribution and service plan fees payable | 5,907 | |||
Other affiliated payables | 78,224 | |||
Other payables and accrued expenses | 72,980 | |||
Collateral on securities loaned | 13,586,272 | |||
Total Liabilities | 14,266,656 | |||
Net Assets | $ | 632,256,981 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 567,245,214 | ||
Total accumulated earnings (loss) | 65,011,767 | |||
Net Assets | $ | 632,256,981 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($15,763,511 ÷ 1,082,580 shares)(a) | $ | 14.56 | ||
Maximum offering price per share (100/94.25 of $14.56) | $ | 15.45 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,353,812 ÷ 163,038 shares)(a) | $ | 14.44 | ||
Maximum offering price per share (100/96.50 of $14.44) | $ | 14.96 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,779,199 ÷ 125,558 shares)(a) | $ | 14.17 | ||
Japan : | ||||
Net Asset Value, offering price and redemption price per share ($149,990,269 ÷ 10,208,018 shares) | $ | 14.69 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($32,711,593 ÷ 2,208,439 shares) | $ | 14.81 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($429,658,597 ÷ 29,276,612 shares) | $ | 14.68 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 13,693,609 | ||
Income from Fidelity Central Funds (including $87,746 from security lending) | 141,373 | |||
Income before foreign taxes withheld | $ | 13,834,982 | ||
Less foreign taxes withheld | (1,362,602) | |||
Total Income | 12,472,380 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,411,127 | ||
Performance adjustment | (16,357) | |||
Transfer agent fees | 595,800 | |||
Distribution and service plan fees | 71,976 | |||
Accounting fees | 309,728 | |||
Custodian fees and expenses | 32,815 | |||
Independent trustees' fees and expenses | 3,666 | |||
Registration fees | 96,117 | |||
Audit | 68,287 | |||
Legal | 624 | |||
Interest | 15,104 | |||
Miscellaneous | 3,107 | |||
Total expenses before reductions | 5,591,994 | |||
Expense reductions | (41,066) | |||
Total expenses after reductions | 5,550,928 | |||
Net Investment income (loss) | 6,921,452 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 32,002,995 | |||
Foreign currency transactions | 277,938 | |||
Total net realized gain (loss) | 32,280,933 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 14,034,746 | |||
Assets and liabilities in foreign currencies | 60,814 | |||
Total change in net unrealized appreciation (depreciation) | 14,095,560 | |||
Net gain (loss) | 46,376,493 | |||
Net increase (decrease) in net assets resulting from operations | $ | 53,297,945 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 6,921,452 | $ | 4,298,398 |
Net realized gain (loss) | 32,280,933 | (11,275,330) | ||
Change in net unrealized appreciation (depreciation) | 14,095,560 | (232,721,817) | ||
Net increase (decrease) in net assets resulting from operations | 53,297,945 | (239,698,749) | ||
Distributions to shareholders | - | (85,697,627) | ||
Share transactions - net increase (decrease) | 6,725,873 | 66,247,709 | ||
Total increase (decrease) in net assets | 60,023,818 | (259,148,667) | ||
Net Assets | ||||
Beginning of period | 572,233,163 | 831,381,830 | ||
End of period | $ | 632,256,981 | $ | 572,233,163 |
Fidelity Advisor® Japan Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.26 | $ | 20.90 | $ | 17.50 | $ | 15.80 | $ | 14.15 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .11 | .04 | .02 | .05 | .07 | |||||
Net realized and unrealized gain (loss) | 1.19 | (5.58) | 3.71 | 1.81 | 1.58 | |||||
Total from investment operations | 1.30 | (5.54) | 3.73 | 1.86 | 1.65 | |||||
Distributions from net investment income | - | (.55) | (.07) | (.07) | - | |||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | |||||
Total distributions | - | (2.10) | (.33) C | (.16) | - | |||||
Net asset value, end of period | $ | 14.56 | $ | 13.26 | $ | 20.90 | $ | 17.50 | $ | 15.80 |
Total Return D,E | 9.80% | (29.38)% | 21.42% | 11.85% | 11.66% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.22% | 1.39% | 1.38% | 1.37% | 1.33% | |||||
Expenses net of fee waivers, if any | 1.22% | 1.39% | 1.38% | 1.37% | 1.32% | |||||
Expenses net of all reductions | 1.21% | 1.39% | 1.38% | 1.37% | 1.32% | |||||
Net investment income (loss) | .69% | .26% | .08% | .35% | .51% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 15,764 | $ | 13,004 | $ | 20,357 | $ | 16,181 | $ | 16,069 |
Portfolio turnover rate H | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.19 | $ | 20.76 | $ | 17.40 | $ | 15.71 | $ | 14.11 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .06 | (.01) | (.05) | .01 | .03 | |||||
Net realized and unrealized gain (loss) | 1.19 | (5.55) | 3.69 | 1.80 | 1.57 | |||||
Total from investment operations | 1.25 | (5.56) | 3.64 | 1.81 | 1.60 | |||||
Distributions from net investment income | - | (.46) | (.02) | (.03) | - | |||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | |||||
Total distributions | - | (2.01) | (.28) C | (.12) | - | |||||
Net asset value, end of period | $ | 14.44 | $ | 13.19 | $ | 20.76 | $ | 17.40 | $ | 15.71 |
Total Return D,E | 9.48% | (29.55)% | 21.00% | 11.55% | 11.34% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.51% | 1.69% | 1.70% | 1.67% | 1.64% | |||||
Expenses net of fee waivers, if any | 1.50% | 1.69% | 1.70% | 1.67% | 1.64% | |||||
Expenses net of all reductions | 1.49% | 1.69% | 1.70% | 1.67% | 1.63% | |||||
Net investment income (loss) | .42% | (.04)% | (.23)% | .04% | .19% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,354 | $ | 2,282 | $ | 3,919 | $ | 3,728 | $ | 3,945 |
Portfolio turnover rate H | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.00 | $ | 20.43 | $ | 17.17 | $ | 15.49 | $ | 13.97 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | - C | (.07) | (.12) | (.05) | (.02) | |||||
Net realized and unrealized gain (loss) | 1.17 | (5.49) | 3.63 | 1.77 | 1.54 | |||||
Total from investment operations | 1.17 | (5.56) | 3.51 | 1.72 | 1.52 | |||||
Distributions from net investment income | - | (.33) | (.01) | - | - | |||||
Distributions from net realized gain | - | (1.55) | (.25) | (.04) | - | |||||
Total distributions | - | (1.87) D | (.25) D | (.04) | - | |||||
Net asset value, end of period | $ | 14.17 | $ | 13.00 | $ | 20.43 | $ | 17.17 | $ | 15.49 |
Total Return E,F | 9.00% | (29.85)% | 20.54% | 11.09% | 10.88% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.94% | 2.11% | 2.09% | 2.06% | 2.01% | |||||
Expenses net of fee waivers, if any | 1.93% | 2.10% | 2.09% | 2.05% | 2.00% | |||||
Expenses net of all reductions | 1.93% | 2.10% | 2.09% | 2.05% | 2.00% | |||||
Net investment income (loss) | (.02)% | (.46)% | (.63)% | (.34)% | (.17)% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,779 | $ | 2,179 | $ | 4,778 | $ | 6,167 | $ | 8,829 |
Portfolio turnover rate I | 25% | 26% | 31% | 22% | 27% |
Fidelity® Japan Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.35 | $ | 21.01 | $ | 17.58 | $ | 15.86 | $ | 14.20 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .15 | .08 | .08 | .10 | .12 | |||||
Net realized and unrealized gain (loss) | 1.19 | (5.60) | 3.72 | 1.81 | 1.59 | |||||
Total from investment operations | 1.34 | (5.52) | 3.80 | 1.91 | 1.71 | |||||
Distributions from net investment income | - | (.59) | (.11) | (.11) | (.05) | |||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | |||||
Total distributions | - | (2.14) | (.37) C | (.19) C | (.05) | |||||
Net asset value, end of period | $ | 14.69 | $ | 13.35 | $ | 21.01 | $ | 17.58 | $ | 15.86 |
Total Return D | 10.04% | (29.16)% | 21.75% | 12.16% | 12.10% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .96% | 1.13% | 1.09% | 1.06% | 1.01% | |||||
Expenses net of fee waivers, if any | .95% | 1.12% | 1.09% | 1.06% | 1.01% | |||||
Expenses net of all reductions | .95% | 1.12% | 1.09% | 1.06% | 1.00% | |||||
Net investment income (loss) | .96% | .52% | .37% | .65% | .82% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 149,990 | $ | 113,015 | $ | 167,954 | $ | 274,433 | $ | 401,344 |
Portfolio turnover rate G | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.45 | $ | 20.97 | $ | 17.56 | $ | 15.85 | $ | 14.18 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .15 | .09 | .09 | .11 | .13 | |||||
Net realized and unrealized gain (loss) | 1.21 | (5.65) | 3.71 | 1.81 | 1.58 | |||||
Total from investment operations | 1.36 | (5.56) | 3.80 | 1.92 | 1.71 | |||||
Distributions from net investment income | - | (.41) | (.14) | (.12) | (.04) | |||||
Distributions from net realized gain | - | (1.55) | (.25) | (.09) | - | |||||
Total distributions | - | (1.96) | (.39) | (.21) | (.04) | |||||
Net asset value, end of period | $ | 14.81 | $ | 13.45 | $ | 20.97 | $ | 17.56 | $ | 15.85 |
Total Return C | 10.11% | (29.15)% | 21.80% | 12.20% | 12.12% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .94% | 1.09% | 1.04% | 1.01% | .96% | |||||
Expenses net of fee waivers, if any | .94% | 1.09% | 1.04% | 1.01% | .96% | |||||
Expenses net of all reductions | .94% | 1.09% | 1.04% | 1.00% | .95% | |||||
Net investment income (loss) | .97% | .56% | .43% | .71% | .87% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 32,712 | $ | 33,320 | $ | 48,887 | $ | 473,859 | $ | 319,164 |
Portfolio turnover rate F | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.31 | $ | 20.98 | $ | 17.56 | $ | 15.84 | $ | 14.19 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .17 | .11 | .10 | .13 | .14 | |||||
Net realized and unrealized gain (loss) | 1.20 | (5.59) | 3.72 | 1.81 | 1.57 | |||||
Total from investment operations | 1.37 | (5.48) | 3.82 | 1.94 | 1.71 | |||||
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 | $ | 14.68 | $ | 13.31 | $ | 20.98 | $ | 17.56 | $ | 15.84 |
Total Return C | 10.29% | (29.07)% | 21.93% | 12.36% | 12.14% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .80% | .96% | .96% | .92% | .87% | |||||
Expenses net of fee waivers, if any | .79% | .96% | .96% | .92% | .87% | |||||
Expenses net of all reductions | .79% | .96% | .96% | .92% | .86% | |||||
Net investment income (loss) | 1.12% | .69% | .51% | .79% | .96% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 429,659 | $ | 408,434 | $ | 585,487 | $ | 8,368 | $ | 8,136 |
Portfolio turnover rate F | 25% | 26% | 31% | 22% | 27% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $127,803,896 |
Gross unrealized depreciation | (86,076,842) |
Net unrealized appreciation (depreciation) | $41,727,054 |
Tax Cost | $598,848,567 |
Undistributed ordinary income | $5,400,072 |
Undistributed long-term capital gain | $17,974,277 |
Net unrealized appreciation (depreciation) on securities and other investments | $41,637,420 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $- | $36,508,917 |
Long-term Capital Gains | - | 49,188,710 |
Total | $- | $85,697,627 |
Purchases ($) | Sales ($) | |
Fidelity Japan Fund | 179,501,356 | 160,024,582 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $38,059 | $1,323 |
Class M | .25% | .25% | 12,894 | 28 |
Class C | .75% | .25% | 21,023 | 2,831 |
$71,976 | $4,182 |
Retained by FDC | |
Class A | $2,149 |
Class M | 248 |
Class CA | 21 |
$2,418 |
Amount | % of Class-Level Average Net Assets | |
Class A | $33,382 | .22 |
Class M | 6,630 | .26 |
Class C | 3,874 | .18 |
Japan | 295,757 | .20 |
Class I | 65,784 | .19 |
Class Z | 190,373 | .04 |
$595,800 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.2000 |
Class C | 0.1827 |
Japan | 0.1937 |
Class I | 0.1893 |
% of Average Net Assets | |
Fidelity Japan Fund | .05 |
% of Average Net Assets | |
Fidelity Japan Fund | 0.0466 |
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 | 4,715,156 | 350,123 | 8,902 |
Amount | |
Fidelity Japan Fund | $1,170 |
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 | $9,233 | $- | $- |
Expense reduction | |
Class A | $256 |
Class M | 414 |
Class C | 33 |
$703 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Japan Fund | ||||
Class A | ||||
Shares sold | 253,562 | 117,484 | $4,046,153 | $1,791,821 |
Reinvestment of distributions | - | 100,623 | - | 1,865,544 |
Shares redeemed | (151,426) | (211,780) | (2,307,493) | (3,414,360) |
Net increase (decrease) | 102,136 | 6,327 | $1,738,660 | $243,005 |
Class M | ||||
Shares sold | 12,539 | 13,826 | $196,973 | $202,895 |
Reinvestment of distributions | - | 19,910 | - | 368,140 |
Shares redeemed | (22,565) | (49,434) | (338,510) | (787,625) |
Net increase (decrease) | (10,026) | (15,698) | $(141,537) | $(216,590) |
Class C | ||||
Shares sold | 39,644 | 8,561 | $604,997 | $138,296 |
Reinvestment of distributions | - | 23,330 | - | 426,706 |
Shares redeemed | (81,701) | (98,132) | (1,220,282) | (1,544,500) |
Net increase (decrease) | (42,057) | (66,241) | $(615,285) | $(979,498) |
Japan | ||||
Shares sold | 4,480,372 | 1,808,139 | $70,308,105 | $29,931,437 |
Reinvestment of distributions | - | 867,250 | - | 16,148,203 |
Shares redeemed | (2,739,105) | (2,201,846) | (42,188,958) | (35,408,192) |
Net increase (decrease) | 1,741,267 | 473,543 | $28,119,147 | $10,671,448 |
Class I | ||||
Shares sold | 2,062,944 | 694,437 | $32,061,275 | $11,578,345 |
Reinvestment of distributions | - | 176,445 | - | 3,310,112 |
Shares redeemed | (2,330,965) | (725,162) | (34,977,085) | (12,524,199) |
Net increase (decrease) | (268,021) | 145,720 | $(2,915,810) | $2,364,258 |
Class Z | ||||
Shares sold | 5,627,405 | 833,537 | $89,494,212 | $13,605,712 |
Reinvestment of distributions | - | 3,263,046 | - | 60,496,866 |
Shares redeemed | (7,035,462) | (1,323,692) | (108,953,514) | (19,937,492) |
Net increase (decrease) | (1,408,057) | 2,772,891 | $(19,459,302) | $54,165,086 |
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | |
Fidelity Japan Fund | 47% | 19% |
Fund | % of shares held |
Fidelity Japan Fund | 67% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Japan Smaller Companies Fund | 9.76% | 0.55% | 3.77% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Japan Smaller Companies Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the Russell/Nomura Mid-Small Cap™ Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
INPEX Corp. (Oil, Gas & Consumable Fuels) | 3.5 | |
Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) | 2.8 | |
Yamato Kogyo Co. Ltd. (Metals & Mining) | 2.3 | |
T&D Holdings, Inc. (Insurance) | 2.1 | |
Suzuki Motor Corp. (Automobiles) | 1.9 | |
Kansai Electric Power Co., Inc. (Electric Utilities) | 1.9 | |
Central Automotive Products Ltd. (Distributors) | 1.8 | |
Asahi Group Holdings (Beverages) | 1.8 | |
Amano Corp. (Electronic Equipment, Instruments & Components) | 1.8 | |
Kyoto Financial Group, Inc. (Banks) | 1.7 | |
21.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.8 | |
Information Technology | 17.5 | |
Consumer Discretionary | 15.9 | |
Financials | 10.3 | |
Materials | 9.5 | |
Consumer Staples | 6.2 | |
Energy | 4.5 | |
Communication Services | 4.2 | |
Utilities | 3.2 | |
Health Care | 2.0 | |
Real Estate | 1.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 4.2% | |||
Diversified Telecommunication Services - 0.7% | |||
JTOWER, Inc. (a)(b) | 89,100 | 3,242,444 | |
Entertainment - 2.6% | |||
Capcom Co. Ltd. | 207,700 | 6,685,723 | |
Daiichikosho Co. Ltd. | 301,800 | 4,461,045 | |
11,146,768 | |||
Interactive Media & Services - 0.9% | |||
Kakaku.com, Inc. | 382,700 | 3,690,948 | |
TOTAL COMMUNICATION SERVICES | 18,080,160 | ||
CONSUMER DISCRETIONARY - 15.9% | |||
Automobile Components - 1.2% | |||
DENSO Corp. | 175,600 | 2,592,968 | |
Shoei Co. Ltd. | 215,300 | 2,868,607 | |
5,461,575 | |||
Automobiles - 3.2% | |||
Isuzu Motors Ltd. | 511,200 | 5,700,213 | |
Suzuki Motor Corp. | 209,900 | 8,146,641 | |
13,846,854 | |||
Broadline Retail - 1.6% | |||
Pan Pacific International Holdings Ltd. | 350,200 | 6,781,925 | |
Distributors - 1.8% | |||
Central Automotive Products Ltd. | 355,300 | 7,957,529 | |
Hotels, Restaurants & Leisure - 1.4% | |||
Koshidaka Holdings Co. Ltd. | 876,800 | 6,238,111 | |
Household Durables - 0.5% | |||
Open House Group Co. Ltd. | 65,200 | 2,149,015 | |
Leisure Products - 2.2% | |||
Bandai Namco Holdings, Inc. | 203,300 | 4,212,074 | |
Roland Corp. | 136,500 | 3,946,757 | |
YONEX Co. Ltd. | 140,400 | 1,521,072 | |
9,679,903 | |||
Specialty Retail - 4.0% | |||
ABC-MART, Inc. | 273,000 | 4,228,508 | |
Fast Retailing Co. Ltd. | 25,400 | 5,623,469 | |
Fuji Corp. (b) | 655,400 | 7,390,236 | |
17,242,213 | |||
TOTAL CONSUMER DISCRETIONARY | 69,357,125 | ||
CONSUMER STAPLES - 6.2% | |||
Beverages - 1.8% | |||
Asahi Group Holdings | 217,700 | 7,874,299 | |
Consumer Staples Distribution & Retail - 1.1% | |||
Kobe Bussan Co. Ltd. (b) | 194,300 | 4,808,546 | |
Food Products - 2.5% | |||
Ajinomoto Co., Inc. | 178,500 | 6,519,299 | |
Kotobuki Spirits Co. Ltd. | 332,500 | 4,415,263 | |
10,934,562 | |||
Personal Care Products - 0.8% | |||
Shiseido Co. Ltd. | 109,200 | 3,463,330 | |
TOTAL CONSUMER STAPLES | 27,080,737 | ||
ENERGY - 4.5% | |||
Oil, Gas & Consumable Fuels - 4.5% | |||
ENEOS Holdings, Inc. | 1,218,700 | 4,515,792 | |
INPEX Corp. | 1,043,500 | 15,142,098 | |
19,657,890 | |||
FINANCIALS - 10.3% | |||
Banks - 4.0% | |||
Fukuoka Financial Group, Inc. | 247,300 | 6,537,064 | |
Hokuhoku Financial Group, Inc. | 282,100 | 3,293,541 | |
Kyoto Financial Group, Inc. | 131,100 | 7,432,559 | |
17,263,164 | |||
Consumer Finance - 1.1% | |||
Credit Saison Co. Ltd. | 332,400 | 4,982,613 | |
Financial Services - 0.7% | |||
Zenkoku Hosho Co. Ltd. | 91,800 | 2,935,606 | |
Insurance - 4.5% | |||
Lifenet Insurance Co. (a) | 358,200 | 2,288,863 | |
Sompo Holdings, Inc. | 76,100 | 3,296,650 | |
T&D Holdings, Inc. | 519,300 | 9,263,909 | |
Tokio Marine Holdings, Inc. | 221,200 | 4,948,739 | |
19,798,161 | |||
TOTAL FINANCIALS | 44,979,544 | ||
HEALTH CARE - 2.0% | |||
Health Care Providers & Services - 0.5% | |||
As One Corp. | 60,200 | 1,918,568 | |
Pharmaceuticals - 1.5% | |||
Eisai Co. Ltd. | 63,200 | 3,348,232 | |
Santen Pharmaceutical Co. Ltd. | 387,700 | 3,362,735 | |
6,710,967 | |||
TOTAL HEALTH CARE | 8,629,535 | ||
INDUSTRIALS - 21.8% | |||
Construction & Engineering - 0.8% | |||
Raito Kogyo Co. Ltd. | 271,000 | 3,507,791 | |
Electrical Equipment - 2.1% | |||
Fuji Electric Co. Ltd. | 115,200 | 4,386,198 | |
SWCC Showa Holdings Co. Ltd. | 331,700 | 4,612,060 | |
8,998,258 | |||
Ground Transportation - 1.3% | |||
Kyushu Railway Co. | 285,200 | 5,831,284 | |
Machinery - 3.6% | |||
CKD Corp. | 289,500 | 3,640,621 | |
IHI Corp. | 209,600 | 4,022,680 | |
Minebea Mitsumi, Inc. | 310,000 | 4,860,584 | |
Misumi Group, Inc. | 206,237 | 3,122,153 | |
15,646,038 | |||
Marine Transportation - 1.1% | |||
Nippon Concept Corp. | 397,900 | 4,689,063 | |
Professional Services - 7.0% | |||
BayCurrent Consulting, Inc. | 130,700 | 3,281,453 | |
Funai Soken Holdings, Inc. | 344,480 | 5,661,842 | |
Open Up Group, Inc. | 341,200 | 4,232,200 | |
Rise Consulting Group, Inc. | 329,300 | 1,868,321 | |
TechnoPro Holdings, Inc. | 243,600 | 4,825,923 | |
TKC Corp. | 206,900 | 4,826,361 | |
Visional, Inc. (a) | 117,100 | 5,739,678 | |
30,435,778 | |||
Trading Companies & Distributors - 4.4% | |||
Hanwa Co. Ltd. | 165,850 | 4,999,235 | |
Inaba Denki Sangyo Co. Ltd. | 202,600 | 4,224,796 | |
Itochu Corp. | 125,700 | 4,527,844 | |
Mitani Shoji Co. Ltd. | 290,300 | 2,660,973 | |
Senshu Electric Co. Ltd. (b) | 147,600 | 3,036,611 | |
19,449,459 | |||
Transportation Infrastructure - 1.5% | |||
Kamigumi Co. Ltd. | 314,700 | 6,384,178 | |
TOTAL INDUSTRIALS | 94,941,849 | ||
INFORMATION TECHNOLOGY - 17.5% | |||
Electronic Equipment, Instruments & Components - 7.2% | |||
Amano Corp. | 379,300 | 7,747,705 | |
Azbil Corp. | 152,000 | 4,491,398 | |
Dexerials Corp. | 167,000 | 3,809,324 | |
Ibiden Co. Ltd. | 89,700 | 3,824,490 | |
Kohoku Kogyo Co. Ltd. (b) | 44,500 | 1,413,596 | |
Maruwa Ceramic Co. Ltd. | 36,200 | 6,351,779 | |
Shibaura Electronics Co. Ltd. | 94,300 | 3,525,018 | |
31,163,310 | |||
IT Services - 3.8% | |||
Argo Graphics, Inc. | 244,500 | 5,358,321 | |
GMO Internet, Inc. | 192,500 | 2,803,720 | |
Net One Systems Co. Ltd. | 217,000 | 3,312,055 | |
NSD Co. Ltd. | 303,900 | 5,287,523 | |
16,761,619 | |||
Semiconductors & Semiconductor Equipment - 3.8% | |||
Renesas Electronics Corp. (a) | 907,300 | 11,917,948 | |
Sumco Corp. | 348,057 | 4,497,646 | |
16,415,594 | |||
Software - 1.7% | |||
Jastec Co. Ltd. | 11,100 | 113,839 | |
Money Forward, Inc. (a) | 286,000 | 7,223,797 | |
7,337,636 | |||
Technology Hardware, Storage & Peripherals - 1.0% | |||
FUJIFILM Holdings Corp. | 79,800 | 4,364,885 | |
TOTAL INFORMATION TECHNOLOGY | 76,043,044 | ||
MATERIALS - 9.5% | |||
Chemicals - 5.1% | |||
C. Uyemura & Co. Ltd. | 98,000 | 5,320,924 | |
Fujimi, Inc. | 186,600 | 3,724,881 | |
NOF Corp. | 127,700 | 5,037,886 | |
Osaka Soda Co. Ltd. | 80,400 | 4,721,941 | |
Tokyo Ohka Kogyo Co. Ltd. | 61,900 | 3,576,632 | |
22,382,264 | |||
Construction Materials - 0.9% | |||
Maeda Kosen Co. Ltd. | 190,000 | 3,701,513 | |
Metals & Mining - 3.5% | |||
Dowa Holdings Co. Ltd. | 167,700 | 5,126,649 | |
Yamato Kogyo Co. Ltd. | 215,700 | 10,334,361 | |
15,461,010 | |||
TOTAL MATERIALS | 41,544,787 | ||
REAL ESTATE - 1.6% | |||
Equity Real Estate Investment Trusts (REITs) - 0.5% | |||
Invincible Investment Corp. | 6,000 | 2,307,602 | |
Real Estate Management & Development - 1.1% | |||
Relo Group, Inc. | 484,915 | 4,807,487 | |
TOTAL REAL ESTATE | 7,115,089 | ||
UTILITIES - 3.2% | |||
Electric Utilities - 1.9% | |||
Kansai Electric Power Co., Inc. | 628,800 | 8,051,056 | |
Gas Utilities - 1.3% | |||
Nippon Gas Co. Ltd. | 387,700 | 5,826,938 | |
TOTAL UTILITIES | 13,877,994 | ||
TOTAL COMMON STOCKS (Cost $387,072,883) | 421,307,754 | ||
Money Market Funds - 3.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) | 163,509 | 163,542 | |
Fidelity Securities Lending Cash Central Fund 5.40% (c)(d) | 13,156,777 | 13,158,092 | |
TOTAL MONEY MARKET FUNDS (Cost $13,321,634) | 13,321,634 | ||
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $400,394,517) | 434,629,388 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 1,240,197 |
NET ASSETS - 100.0% | 435,869,585 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 14,224,205 | 48,431,718 | 62,492,381 | 211,233 | - | - | 163,542 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 2,325,000 | 185,892,249 | 175,059,157 | 204,416 | - | - | 13,158,092 | 0.1% |
Total | 16,549,205 | 234,323,967 | 237,551,538 | 415,649 | - | - | 13,321,634 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 18,080,160 | - | 18,080,160 | - |
Consumer Discretionary | 69,357,125 | - | 69,357,125 | - |
Consumer Staples | 27,080,737 | - | 27,080,737 | - |
Energy | 19,657,890 | - | 19,657,890 | - |
Financials | 44,979,544 | - | 44,979,544 | - |
Health Care | 8,629,535 | - | 8,629,535 | - |
Industrials | 94,941,849 | - | 94,941,849 | - |
Information Technology | 76,043,044 | - | 76,043,044 | - |
Materials | 41,544,787 | - | 41,544,787 | - |
Real Estate | 7,115,089 | - | 7,115,089 | - |
Utilities | 13,877,994 | - | 13,877,994 | - |
Money Market Funds | 13,321,634 | 13,321,634 | - | - |
Total Investments in Securities: | 434,629,388 | 13,321,634 | 421,307,754 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $12,464,591) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $387,072,883) | $ | 421,307,754 | ||
Fidelity Central Funds (cost $13,321,634) | 13,321,634 | |||
Total Investment in Securities (cost $400,394,517) | $ | 434,629,388 | ||
Cash | 7,047 | |||
Foreign currency held at value (cost $13,005,024) | 12,624,551 | |||
Receivable for investments sold | 92,337 | |||
Receivable for fund shares sold | 2,407 | |||
Dividends receivable | 2,871,899 | |||
Distributions receivable from Fidelity Central Funds | 21,838 | |||
Prepaid expenses | 559 | |||
Total assets | 450,250,026 | |||
Liabilities | ||||
Payable for investments purchased | $ | 570,625 | ||
Payable for fund shares redeemed | 261,381 | |||
Accrued management fee | 250,118 | |||
Other affiliated payables | 79,765 | |||
Other payables and accrued expenses | 60,460 | |||
Collateral on securities loaned | 13,158,092 | |||
Total Liabilities | 14,380,441 | |||
Net Assets | $ | 435,869,585 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 402,979,000 | ||
Total accumulated earnings (loss) | 32,890,585 | |||
Net Assets | $ | 435,869,585 | ||
Net Asset Value, offering price and redemption price per share ($435,869,585 ÷ 31,858,961 shares) | $ | 13.68 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 9,585,415 | ||
Income from Fidelity Central Funds (including $204,416 from security lending) | 415,649 | |||
Income before foreign taxes withheld | $ | 10,001,064 | ||
Less foreign taxes withheld | (961,874) | |||
Total Income | 9,039,190 | |||
Expenses | ||||
Management fee | $ | 2,815,137 | ||
Transfer agent fees | 663,405 | |||
Accounting fees | 207,781 | |||
Custodian fees and expenses | 33,691 | |||
Independent trustees' fees and expenses | 2,314 | |||
Registration fees | 37,807 | |||
Audit | 58,386 | |||
Legal | 395 | |||
Miscellaneous | 1,626 | |||
Total expenses before reductions | 3,820,542 | |||
Expense reductions | (25,670) | |||
Total expenses after reductions | 3,794,872 | |||
Net Investment income (loss) | 5,244,318 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 18,255,563 | |||
Foreign currency transactions | (954,070) | |||
Total net realized gain (loss) | 17,301,493 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 7,881,385 | |||
Assets and liabilities in foreign currencies | (275,164) | |||
Total change in net unrealized appreciation (depreciation) | 7,606,221 | |||
Net gain (loss) | 24,907,714 | |||
Net increase (decrease) in net assets resulting from operations | $ | 30,152,032 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,244,318 | $ | 5,662,274 |
Net realized gain (loss) | 17,301,493 | (1,219,316) | ||
Change in net unrealized appreciation (depreciation) | 7,606,221 | (112,241,112) | ||
Net increase (decrease) in net assets resulting from operations | 30,152,032 | (107,798,154) | ||
Distributions to shareholders | (198,124) | (52,717,138) | ||
Share transactions | ||||
Proceeds from sales of shares | 104,318,260 | 11,321,055 | ||
Reinvestment of distributions | 192,250 | 51,177,635 | ||
Cost of shares redeemed | (63,019,461) | (38,772,821) | ||
Net increase (decrease) in net assets resulting from share transactions | 41,491,049 | 23,725,869 | ||
Total increase (decrease) in net assets | 71,444,957 | (136,789,423) | ||
Net Assets | ||||
Beginning of period | 364,424,628 | 501,214,051 | ||
End of period | $ | 435,869,585 | $ | 364,424,628 |
Other Information | ||||
Shares | ||||
Sold | 7,080,855 | 811,228 | ||
Issued in reinvestment of distributions | 14,575 | 3,289,051 | ||
Redeemed | (4,466,160) | (2,841,225) | ||
Net increase (decrease) | 2,629,270 | 1,259,054 | ||
Fidelity® Japan Smaller Companies Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.47 | $ | 17.92 | $ | 16.64 | $ | 17.60 | $ | 17.12 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .18 | .19 | .20 | .16 | .22 | |||||
Net realized and unrealized gain (loss) | 1.04 | (3.75) | 1.36 | .11 | 1.10 | |||||
Total from investment operations | 1.22 | (3.56) | 1.56 | .27 | 1.32 | |||||
Distributions from net investment income | (.01) | (.51) | (.19) | (.23) | (.11) | |||||
Distributions from net realized gain | - | (1.38) | (.10) | (1.00) | (.73) | |||||
Total distributions | (.01) | (1.89) | (.28) C | (1.23) | (.84) | |||||
Net asset value, end of period | $ | 13.68 | $ | 12.47 | $ | 17.92 | $ | 16.64 | $ | 17.60 |
Total Return D | 9.76% | (21.95)% | 9.44% | 1.31% | 8.22% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .92% | .91% | .91% | .92% | .93% | |||||
Expenses net of fee waivers, if any | .91% | .91% | .91% | .92% | .93% | |||||
Expenses net of all reductions | .91% | .91% | .91% | .92% | .93% | |||||
Net investment income (loss) | 1.26% | 1.33% | 1.13% | 1.02% | 1.31% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 435,870 | $ | 364,425 | $ | 501,214 | $ | 523,774 | $ | 685,651 |
Portfolio turnover rate G | 36% | 38% | 23% | 20% | 16% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $63,846,442 |
Gross unrealized depreciation | (43,408,625) |
Net unrealized appreciation (depreciation) | $20,437,817 |
Tax Cost | $414,191,571 |
Undistributed ordinary income | $9,826,055 |
Undistributed long-term capital gain | $3,046,399 |
Net unrealized appreciation (depreciation) on securities and other investments | $20,018,132 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $198,124 | $16,327,824 |
Long-term Capital Gains | - | 36,389,314 |
Total | $198,124 | $ 52,717,138 |
Purchases ($) | Sales ($) | |
Fidelity Japan Smaller Companies Fund | 199,961,174 | 146,537,980 |
% of Average Net Assets | |
Fidelity Japan Smaller Companies Fund | .05 |
% of Average Net Assets | |
Fidelity Japan Smaller Companies Fund | 0.0497 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Japan Smaller Companies Fund | 1,845,467 | 5,814,517 | 1,434,309 |
Amount | |
Fidelity Japan Smaller Companies Fund | $741 |
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 | $21,922 | $- | $- |
Strategic Advisers International Fund | |
Fidelity Japan Smaller Companies Fund | 17% |
Fund | % of shares held |
Fidelity Japan Smaller Companies Fund | 49% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | -13.36% | -2.25% | -3.79% |
Class M (incl. 3.50% sales charge) | -11.51% | -2.04% | -3.83% |
Class C (incl. contingent deferred sales charge) | -9.62% | -1.83% | -3.80% |
Fidelity® Latin America Fund | -7.88% | -0.80% | -2.95% |
Class I | -7.83% | -0.76% | -2.89% |
Class Z | -7.67% | -0.61% | -2.82% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Latin America Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EM (Emerging Markets) Latin America Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (Brazil, Oil, Gas & Consumable Fuels) | 14.2 | |
Genomma Lab Internacional SA de CV (Mexico, Pharmaceuticals) | 8.5 | |
Afya Ltd. (Brazil, Diversified Consumer Services) | 6.4 | |
Hypera SA (Brazil, Pharmaceuticals) | 4.9 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA (Brazil, Ground Transportation) | 4.3 | |
Itausa-Investimentos Itau SA (PN) (Brazil, Banks) | 4.2 | |
Caixa Seguridade Participacoes (Brazil, Insurance) | 4.2 | |
Equatorial Energia SA (Brazil, Electric Utilities) | 4.2 | |
Sendas Distribuidora SA (Brazil, Consumer Staples Distribution & Retail) | 3.8 | |
XP, Inc. Class A (Brazil, Capital Markets) | 3.8 | |
58.5 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 28.5 | |
Health Care | 17.5 | |
Energy | 14.2 | |
Industrials | 9.4 | |
Consumer Discretionary | 9.3 | |
Consumer Staples | 8.8 | |
Materials | 7.2 | |
Utilities | 4.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 76.7% | |||
Shares | Value ($) | ||
Brazil - 46.1% | |||
Afya Ltd. (a)(b) | 961,853 | 15,485,833 | |
Atacadao SA | 4,136,833 | 7,360,022 | |
Caixa Seguridade Participacoes | 4,721,442 | 10,132,593 | |
CM Hospitalar SA | 1,282,043 | 3,786,308 | |
Equatorial Energia SA | 1,607,886 | 10,077,691 | |
Hapvida Participacoes e Investimentos SA (a)(c) | 8,030,761 | 5,877,623 | |
Hypera SA (a) | 1,955,962 | 11,751,096 | |
Itausa-Investimentos Itau SA | 90,365 | 153,782 | |
Localiza Rent a Car SA | 637,415 | 6,431,358 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 4,674 | 6,489 | |
PagSeguro Digital Ltd. (a) | 559,572 | 3,950,578 | |
Sendas Distribuidora SA | 4,231,165 | 9,181,127 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 6,620,995 | 10,282,618 | |
Vasta Platform Ltd. (a)(b) | 1,725,714 | 6,971,885 | |
XP, Inc. Class A | 457,387 | 9,147,740 | |
TOTAL BRAZIL | 110,596,743 | ||
Mexico - 24.8% | |||
Banco del Bajio SA (c) | 2,016,201 | 6,170,834 | |
Becle S.A.B. de CV | 2,558,104 | 4,510,629 | |
GCC S.A.B. de CV | 799,714 | 7,120,644 | |
Genomma Lab Internacional SA de CV | 27,433,769 | 20,572,664 | |
Grupo Aeroportuario Norte S.A.B. de CV | 760,457 | 5,805,186 | |
Qualitas Controladora S.A.B. de CV | 991,260 | 8,187,283 | |
Regional S.A.B. de CV | 948,024 | 7,211,797 | |
TOTAL MEXICO | 59,579,037 | ||
Peru - 3.5% | |||
Intercorp Financial Services, Inc. (b) | 448,354 | 8,420,088 | |
Sweden - 0.9% | |||
VEF AB (a) | 14,010,796 | 2,237,972 | |
Zambia - 1.4% | |||
First Quantum Minerals Ltd. | 289,402 | 3,353,662 | |
TOTAL COMMON STOCKS (Cost $217,840,916) | 184,187,502 | ||
Nonconvertible Preferred Stocks - 22.4% | |||
Shares | Value ($) | ||
Brazil - 22.4% | |||
Banco Bradesco SA (PN) | 1,058,640 | 2,937,546 | |
Itausa-Investimentos Itau SA (PN) | 5,940,787 | 10,180,671 | |
Metalurgica Gerdau SA (PN) | 3,304,769 | 6,771,114 | |
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) | 4,942,204 | 34,054,084 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $38,848,725) | 53,943,415 | ||
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) (Cost $4,830,855) | 4,830,372 | 4,830,855 | |
TOTAL INVESTMENT IN SECURITIES - 101.1% (Cost $261,520,496) | 242,961,772 |
NET OTHER ASSETS (LIABILITIES) - (1.1)% | (2,699,696) |
NET ASSETS - 100.0% | 240,262,076 |
(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 $12,048,457 or 5.0% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 647,124 | 54,352,571 | 54,999,695 | 42,968 | - | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 1,102,930 | 49,663,018 | 45,935,093 | 19,823 | - | - | 4,830,855 | 0.0% |
Total | 1,750,054 | 104,015,589 | 100,934,788 | 62,791 | - | - | 4,830,855 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 22,457,718 | 22,457,718 | - | - |
Consumer Staples | 21,051,778 | 21,051,778 | - | - |
Energy | 34,054,084 | 34,054,084 | - | - |
Financials | 68,730,884 | 68,730,884 | - | - |
Health Care | 41,987,691 | 41,987,691 | - | - |
Industrials | 22,525,651 | 22,525,651 | - | - |
Materials | 17,245,420 | 17,245,420 | - | - |
Utilities | 10,077,691 | 10,077,691 | - | - |
Money Market Funds | 4,830,855 | 4,830,855 | - | - |
Total Investments in Securities: | 242,961,772 | 242,961,772 | - | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $4,640,952) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $256,689,641) | $ | 238,130,917 | ||
Fidelity Central Funds (cost $4,830,855) | 4,830,855 | |||
Total Investment in Securities (cost $261,520,496) | $ | 242,961,772 | ||
Foreign currency held at value (cost $29,857) | 29,910 | |||
Receivable for investments sold | 700,321 | |||
Receivable for fund shares sold | 60,427 | |||
Dividends receivable | 2,785,475 | |||
Distributions receivable from Fidelity Central Funds | 9,976 | |||
Prepaid expenses | 381 | |||
Total assets | 246,548,262 | |||
Liabilities | ||||
Payable to custodian bank | $ | 857,074 | ||
Payable for investments purchased | 179,908 | |||
Payable for fund shares redeemed | 120,760 | |||
Accrued management fee | 141,392 | |||
Distribution and service plan fees payable | 4,771 | |||
Other affiliated payables | 64,889 | |||
Other payables and accrued expenses | 89,117 | |||
Collateral on securities loaned | 4,828,275 | |||
Total Liabilities | 6,286,186 | |||
Net Assets | $ | 240,262,076 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 333,015,666 | ||
Total accumulated earnings (loss) | (92,753,590) | |||
Net Assets | $ | 240,262,076 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($12,309,038 ÷ 688,223 shares)(a) | $ | 17.89 | ||
Maximum offering price per share (100/94.25 of $17.89) | $ | 18.98 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,606,412 ÷ 145,529 shares)(a) | $ | 17.91 | ||
Maximum offering price per share (100/96.50 of $17.91) | $ | 18.56 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,134,076 ÷ 62,865 shares)(a) | $ | 18.04 | ||
Latin America : | ||||
Net Asset Value, offering price and redemption price per share ($217,335,730 ÷ 12,162,674 shares) | $ | 17.87 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($6,213,156 ÷ 348,052 shares) | $ | 17.85 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($663,664 ÷ 37,030 shares) | $ | 17.92 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 18,176,764 | ||
Income from Fidelity Central Funds (including $19,823 from security lending) | 62,791 | |||
Income before foreign taxes withheld | $ | 18,239,555 | ||
Less foreign taxes withheld | (658,269) | |||
Total Income | 17,581,286 | |||
Expenses | ||||
Management fee | $ | 1,795,655 | ||
Transfer agent fees | 657,463 | |||
Distribution and service plan fees | 56,991 | |||
Accounting fees | 132,514 | |||
Custodian fees and expenses | 93,337 | |||
Independent trustees' fees and expenses | 1,534 | |||
Registration fees | 85,862 | |||
Audit | 70,732 | |||
Legal | 448 | |||
Miscellaneous | 1,086 | |||
Total expenses before reductions | 2,895,622 | |||
Expense reductions | (16,689) | |||
Total expenses after reductions | 2,878,933 | |||
Net Investment income (loss) | 14,702,353 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (314,375) | |||
Foreign currency transactions | 123,132 | |||
Total net realized gain (loss) | (191,243) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (36,843,715) | |||
Assets and liabilities in foreign currencies | (47,890) | |||
Total change in net unrealized appreciation (depreciation) | (36,891,605) | |||
Net gain (loss) | (37,082,848) | |||
Net increase (decrease) in net assets resulting from operations | $ | (22,380,495) |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 14,702,353 | $ | 24,063,331 |
Net realized gain (loss) | (191,243) | (14,063,333) | ||
Change in net unrealized appreciation (depreciation) | (36,891,605) | 19,797,722 | ||
Net increase (decrease) in net assets resulting from operations | (22,380,495) | 29,797,720 | ||
Distributions to shareholders | (21,810,363) | (7,964,894) | ||
Share transactions - net increase (decrease) | (262,025) | (30,282,037) | ||
Total increase (decrease) in net assets | (44,452,883) | (8,449,211) | ||
Net Assets | ||||
Beginning of period | 284,714,959 | 293,164,170 | ||
End of period | $ | 240,262,076 | $ | 284,714,959 |
Fidelity Advisor® Latin America Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 21.18 | $ | 19.37 | $ | 17.40 | $ | 28.36 | $ | 21.98 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | 1.02 | 1.60 | .15 | .04 | .69 | |||||
Net realized and unrealized gain (loss) | (2.73) | .68 | 1.82 | (10.40) | 6.11 | |||||
Total from investment operations | (1.71) | 2.28 | 1.97 | (10.36) | 6.80 | |||||
Distributions from net investment income | (1.58) | (.47) | - C | (.60) | (.42) | |||||
Total distributions | (1.58) | (.47) | - C | (.60) | (.42) | |||||
Net asset value, end of period | $ | 17.89 | $ | 21.18 | $ | 19.37 | $ | 17.40 | $ | 28.36 |
Total Return D,E | (8.07)% | 12.17% | 11.34% | (37.31)% | 31.60% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.33% | 1.32% | 1.33% | 1.36% | 1.36% | |||||
Expenses net of fee waivers, if any | 1.32% | 1.32% | 1.33% | 1.35% | 1.36% | |||||
Expenses net of all reductions | 1.32% | 1.32% | 1.33% | 1.33% | 1.36% | |||||
Net investment income (loss) | 5.29% | 7.98% | .70% | .18% | 2.81% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 12,309 | $ | 13,309 | $ | 10,217 | $ | 9,131 | $ | 17,953 |
Portfolio turnover rate H | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 21.19 | $ | 19.35 | $ | 17.44 | $ | 28.41 | $ | 22.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .98 | 1.55 | .10 | (.02) | .63 | |||||
Net realized and unrealized gain (loss) | (2.73) | .69 | 1.81 | (10.42) | 6.13 | |||||
Total from investment operations | (1.75) | 2.24 | 1.91 | (10.44) | 6.76 | |||||
Distributions from net investment income | (1.53) | (.40) | - | (.53) | (.35) | |||||
Total distributions | (1.53) | (.40) | - | (.53) | (.35) | |||||
Net asset value, end of period | $ | 17.91 | $ | 21.19 | $ | 19.35 | $ | 17.44 | $ | 28.41 |
Total Return C,D | (8.30)% | 11.92% | 10.95% | (37.45)% | 31.26% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.58% | 1.58% | 1.59% | 1.62% | 1.64% | |||||
Expenses net of fee waivers, if any | 1.57% | 1.58% | 1.59% | 1.61% | 1.63% | |||||
Expenses net of all reductions | 1.56% | 1.58% | 1.59% | 1.59% | 1.63% | |||||
Net investment income (loss) | 5.06% | 7.72% | .44% | (.09)% | 2.54% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,606 | $ | 3,024 | $ | 2,701 | $ | 2,912 | $ | 6,032 |
Portfolio turnover rate G | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 21.33 | $ | 19.45 | $ | 17.61 | $ | 28.67 | $ | 22.16 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .88 | 1.46 | (.01) | (.13) | .51 | |||||
Net realized and unrealized gain (loss) | (2.74) | .71 | 1.85 | (10.56) | 6.21 | |||||
Total from investment operations | (1.86) | 2.17 | 1.84 | (10.69) | 6.72 | |||||
Distributions from net investment income | (1.43) | (.29) | - | (.37) | (.21) | |||||
Total distributions | (1.43) | (.29) | - | (.37) | (.21) | |||||
Net asset value, end of period | $ | 18.04 | $ | 21.33 | $ | 19.45 | $ | 17.61 | $ | 28.67 |
Total Return C,D | (8.77)% | 11.36% | 10.45% | (37.78)% | 30.62% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 2.08% | 2.08% | 2.08% | 2.11% | 2.12% | |||||
Expenses net of fee waivers, if any | 2.07% | 2.07% | 2.08% | 2.11% | 2.12% | |||||
Expenses net of all reductions | 2.07% | 2.07% | 2.08% | 2.09% | 2.12% | |||||
Net investment income (loss) | 4.54% | 7.22% | (.05)% | (.58)% | 2.06% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,134 | $ | 946 | $ | 656 | $ | 810 | $ | 3,438 |
Portfolio turnover rate G | 37% | 48% | 33% | 54% | 48% |
Fidelity® Latin America Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 21.17 | $ | 19.36 | $ | 17.36 | $ | 28.30 | $ | 21.94 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | 1.07 | 1.65 | .22 | .10 | .77 | |||||
Net realized and unrealized gain (loss) | (2.74) | .69 | 1.79 | (10.36) | 6.09 | |||||
Total from investment operations | (1.67) | 2.34 | 2.01 | (10.26) | 6.86 | |||||
Distributions from net investment income | (1.63) | (.53) | (.01) | (.68) | (.50) | |||||
Total distributions | (1.63) | (.53) | (.01) | (.68) | (.50) | |||||
Net asset value, end of period | $ | 17.87 | $ | 21.17 | $ | 19.36 | $ | 17.36 | $ | 28.30 |
Total Return C | (7.88)% | 12.55% | 11.58% | (37.13)% | 32.06% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.07% | 1.06% | 1.04% | 1.05% | 1.05% | |||||
Expenses net of fee waivers, if any | 1.06% | 1.05% | 1.04% | 1.05% | 1.04% | |||||
Expenses net of all reductions | 1.06% | 1.05% | 1.04% | 1.03% | 1.04% | |||||
Net investment income (loss) | 5.55% | 8.24% | .99% | .48% | 3.13% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 217,336 | $ | 262,361 | $ | 262,484 | $ | 277,942 | $ | 517,901 |
Portfolio turnover rate F | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 21.15 | $ | 19.34 | $ | 17.34 | $ | 28.28 | $ | 21.92 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | 1.07 | 1.67 | .23 | .12 | .78 | |||||
Net realized and unrealized gain (loss) | (2.73) | .67 | 1.78 | (10.34) | 6.08 | |||||
Total from investment operations | (1.66) | 2.34 | 2.01 | (10.22) | 6.86 | |||||
Distributions from net investment income | (1.64) | (.53) | (.01) | (.72) | (.50) | |||||
Total distributions | (1.64) | (.53) | (.01) | (.72) | (.50) | |||||
Net asset value, end of period | $ | 17.85 | $ | 21.15 | $ | 19.34 | $ | 17.34 | $ | 28.28 |
Total Return C | (7.83)% | 12.57% | 11.60% | (37.07)% | 32.09% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.02% | 1.02% | 1.00% | .99% | 1.01% | |||||
Expenses net of fee waivers, if any | 1.02% | 1.02% | 1.00% | .99% | 1.00% | |||||
Expenses net of all reductions | 1.02% | 1.02% | 1.00% | .97% | 1.00% | |||||
Net investment income (loss) | 5.60% | 8.28% | 1.04% | .54% | 3.17% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 6,213 | $ | 3,960 | $ | 2,768 | $ | 3,508 | $ | 7,124 |
Portfolio turnover rate F | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 21.14 | $ | 19.35 | $ | 17.32 | $ | 28.24 | $ | 21.92 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | 1.10 | 1.70 | .26 | .14 | .85 | |||||
Net realized and unrealized gain (loss) | (2.72) | .66 | 1.79 | (10.32) | 6.03 | |||||
Total from investment operations | (1.62) | 2.36 | 2.05 | (10.18) | 6.88 | |||||
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 | $ | 17.92 | $ | 21.14 | $ | 19.35 | $ | 17.32 | $ | 28.24 |
Total Return C | (7.67)% | 12.73% | 11.82% | (37.00)% | 32.28% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .86% | .85% | .85% | .86% | .86% | |||||
Expenses net of fee waivers, if any | .86% | .85% | .85% | .86% | .86% | |||||
Expenses net of all reductions | .86% | .85% | .85% | .84% | .86% | |||||
Net investment income (loss) | 5.76% | 8.45% | 1.19% | .67% | 3.31% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 664 | $ | 1,115 | $ | 14,338 | $ | 13,520 | $ | 26,605 |
Portfolio turnover rate F | 37% | 48% | 33% | 54% | 48% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $41,096,913 |
Gross unrealized depreciation | (60,332,015) |
Net unrealized appreciation (depreciation) | $(19,235,102) |
Tax Cost | $262,196,874 |
Undistributed ordinary income | $8,352,227 |
Capital loss carryforward | $(81,820,196) |
Net unrealized appreciation (depreciation) on securities and other investments | $(19,285,624) |
Short-term | $(57,484,114) |
Long-term | (24,336,082) |
Total capital loss carryforward | $(81,820,196) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $21,810,363 | $7,964,894 |
Purchases ($) | Sales ($) | |
Fidelity Latin America Fund | 98,584,904 | 106,187,108 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $32,042 | $757 |
Class M | .25% | .25% | 14,602 | 52 |
Class C | .75% | .25% | 10,347 | 3,300 |
$56,991 | $4,109 |
Retained by FDC | |
Class A | $8,740 |
Class M | 283 |
Class CA | 40 |
$9,063 |
Amount | % of Class-Level Average Net Assets | |
Class A | $33,116 | .26 |
Class M | 7,553 | .26 |
Class C | 2,682 | .26 |
Latin America | 604,850 | .25 |
Class I | 8,885 | .20 |
Class Z | 377 | .04 |
$657,463 |
% of Class-Level Average Net Assets | |
Class A | 0.2000 |
Class M | 0.2000 |
Class C | 0.2000 |
Latin America | 0.2000 |
Class I | 0.2000 |
% of Average Net Assets | |
Fidelity Latin America Fund | .05 |
% of Average Net Assets | |
Fidelity Latin America Fund | 0.0498 |
Amount | |
Fidelity Latin America Fund | $552 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Latin America Fund | 617,469 | - | - |
Amount | |
Fidelity Latin America Fund | $489 |
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 | $2,087 | $158 | $- |
Expense reduction | |
Class M | $526 |
Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Latin America Fund | ||
Distributions to shareholders | ||
Class A | $1,004,697 | $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 | $21,810,363 | $7,964,894 |
Shares | Shares | Dollars | Dollars | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Latin America Fund | ||||
Class A | ||||
Shares sold | 134,846 | 193,440 | $2,591,643 | $4,014,725 |
Reinvestment of distributions | 54,943 | 12,985 | 985,119 | 236,085 |
Shares redeemed | (129,882) | (105,710) | (2,397,461) | (2,130,953) |
Net increase (decrease) | 59,907 | 100,715 | $1,179,301 | $2,119,857 |
Class M | ||||
Shares sold | 13,661 | 20,674 | $273,957 | $437,930 |
Reinvestment of distributions | 12,131 | 3,036 | 218,228 | 55,381 |
Shares redeemed | (22,967) | (20,590) | (443,213) | (412,047) |
Net increase (decrease) | 2,825 | 3,120 | $48,972 | $81,264 |
Class C | ||||
Shares sold | 26,302 | 24,221 | $509,122 | $531,782 |
Reinvestment of distributions | 3,453 | 515 | 62,841 | 9,515 |
Shares redeemed | (11,221) | (14,126) | (215,686) | (288,523) |
Net increase (decrease) | 18,534 | 10,610 | $356,277 | $252,774 |
Latin America | ||||
Shares sold | 1,714,595 | 2,584,874 | $33,449,842 | $53,328,636 |
Reinvestment of distributions | 1,050,900 | 354,926 | 18,779,586 | 6,428,926 |
Shares redeemed | (2,998,723) | (4,099,646) | (57,166,973) | (80,282,944) |
Net increase (decrease) | (233,228) | (1,159,846) | $(4,937,545) | $(20,525,382) |
Class I | ||||
Shares sold | 270,444 | 241,168 | $5,353,519 | $5,278,172 |
Reinvestment of distributions | 17,723 | 3,427 | 316,179 | 61,999 |
Shares redeemed | (127,375) | (200,417) | (2,335,762) | (3,856,685) |
Net increase (decrease) | 160,792 | 44,178 | $3,333,936 | $1,483,486 |
Class Z | ||||
Shares sold | 24,093 | 554,422 | $494,949 | $11,379,289 |
Reinvestment of distributions | 3,612 | 24,364 | 64,625 | 440,031 |
Shares redeemed | (43,424) | (1,267,021) | (802,540) | (25,513,356) |
Net increase (decrease) | (15,719) | (688,235) | $(242,966) | $(13,694,036) |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Nordic Fund | 16.08% | 8.38% | 6.79% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Nordic Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the FTSE® Capped Nordic Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 27.8 | |
Nordea Bank Abp (Finland, Banks) | 5.0 | |
Investor AB (B Shares) (Sweden, Financial Services) | 5.0 | |
Atlas Copco AB (B Shares) (Sweden, Machinery) | 4.4 | |
DSV A/S (Denmark, Air Freight & Logistics) | 3.4 | |
Equinor ASA (Norway, Oil, Gas & Consumable Fuels) | 3.3 | |
Sandvik AB (Sweden, Machinery) | 2.9 | |
ASSA ABLOY AB (B Shares) (Sweden, Building Products) | 2.6 | |
Vestas Wind Systems A/S (Denmark, Electrical Equipment) | 2.6 | |
Carlsberg A/S Series B (Denmark, Beverages) | 2.4 | |
59.4 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 31.3 | |
Industrials | 25.0 | |
Financials | 16.6 | |
Energy | 5.2 | |
Materials | 5.1 | |
Communication Services | 4.0 | |
Consumer Discretionary | 3.3 | |
Consumer Staples | 3.0 | |
Information Technology | 2.1 | |
Real Estate | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.0% | |||
Shares | Value ($) | ||
Denmark - 41.2% | |||
Carlsberg A/S Series B | 57,000 | 6,792,873 | |
Demant A/S (a) | 64,100 | 2,441,775 | |
DSV A/S | 66,200 | 9,873,103 | |
Genmab A/S (a) | 21,600 | 6,105,951 | |
Novo Nordisk A/S Series B | 827,000 | 79,785,847 | |
Tryg A/S | 291,383 | 5,686,177 | |
Vestas Wind Systems A/S (a) | 342,000 | 7,412,776 | |
TOTAL DENMARK | 118,098,502 | ||
Finland - 11.1% | |||
Elisa Corp. (A Shares) | 152,200 | 6,454,596 | |
Neste OYJ | 131,700 | 4,418,845 | |
Nordea Bank Abp | 1,374,344 | 14,442,219 | |
Sampo Oyj (A Shares) | 89,800 | 3,526,095 | |
UPM-Kymmene Corp. (b) | 89,600 | 3,011,979 | |
TOTAL FINLAND | 31,853,734 | ||
Norway - 7.7% | |||
Equinor ASA | 283,300 | 9,497,127 | |
Kongsberg Gruppen ASA | 89,200 | 3,641,159 | |
Mowi ASA | 115,300 | 1,871,272 | |
Norsk Hydro ASA | 913,300 | 5,208,282 | |
Selvaag Bolig ASA | 321,200 | 764,834 | |
TGS ASA | 79,300 | 1,080,433 | |
TOTAL NORWAY | 22,063,107 | ||
Sweden - 36.0% | |||
Alfa Laval AB | 184,900 | 5,973,146 | |
ASSA ABLOY AB (B Shares) | 349,400 | 7,447,488 | |
Atlas Copco AB (B Shares) | 1,112,400 | 12,461,925 | |
Autoliv, Inc. | 16,700 | 1,530,555 | |
Beijer Alma AB (B Shares) | 86,600 | 1,376,296 | |
Eltel AB (a)(c) | 1,544,681 | 910,553 | |
Evolution AB (c) | 67,100 | 5,962,534 | |
Fortnox AB | 600,600 | 2,374,970 | |
Haypp Group (a) | 385,600 | 1,551,043 | |
Hemnet Group AB | 272,500 | 4,728,644 | |
HEXPOL AB (B Shares) | 304,170 | 2,689,515 | |
Indutrade AB | 277,600 | 4,902,942 | |
Investor AB (B Shares) | 774,500 | 14,182,173 | |
Lagercrantz Group AB (B Shares) | 394,353 | 3,592,912 | |
Nibe Industrier AB (B Shares) | 301,200 | 1,731,790 | |
Nordnet AB | 294,900 | 4,160,982 | |
Rusta AB | 148,900 | 604,273 | |
Saab AB (B Shares) | 91,900 | 4,709,253 | |
Sandvik AB | 489,000 | 8,329,146 | |
Surgical Science Sweden AB (a) | 124,000 | 1,405,247 | |
Svenska Cellulosa AB SCA (B Shares) | 272,700 | 3,736,587 | |
Swedbank AB (A Shares) | 338,299 | 5,538,582 | |
Swedish Logistic Property AB (a) | 131,004 | 305,139 | |
Trelleborg AB (B Shares) | 118,700 | 2,994,497 | |
TOTAL SWEDEN | 103,200,192 | ||
TOTAL COMMON STOCKS (Cost $234,330,751) | 275,215,535 | ||
Money Market Funds - 4.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) | 9,210,009 | 9,211,851 | |
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) | 3,655,634 | 3,656,000 | |
TOTAL MONEY MARKET FUNDS (Cost $12,867,851) | 12,867,851 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $247,198,602) | 288,083,386 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (1,430,598) |
NET ASSETS - 100.0% | 286,652,788 |
(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 $6,873,087 or 2.4% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 2,293,839 | 75,944,107 | 69,026,095 | 364,910 | - | - | 9,211,851 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | - | 60,095,153 | 56,439,153 | 40,585 | - | - | 3,656,000 | 0.0% |
Total | 2,293,839 | 136,039,260 | 125,465,248 | 405,495 | - | - | 12,867,851 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 11,183,240 | 11,183,240 | - | - |
Consumer Discretionary | 9,648,405 | 9,648,405 | - | - |
Consumer Staples | 8,664,145 | 1,871,272 | 6,792,873 | - |
Energy | 14,996,405 | 5,499,278 | 9,497,127 | - |
Financials | 47,536,228 | 47,536,228 | - | - |
Health Care | 89,738,820 | 3,847,022 | 85,891,798 | - |
Industrials | 71,764,074 | 48,574,664 | 23,189,410 | - |
Information Technology | 5,967,882 | 5,967,882 | - | - |
Materials | 14,646,363 | 9,438,081 | 5,208,282 | - |
Real Estate | 1,069,973 | 1,069,973 | - | - |
Money Market Funds | 12,867,851 | 12,867,851 | - | - |
Total Investments in Securities: | 288,083,386 | 157,503,896 | 130,579,490 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $3,476,620) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $234,330,751) | $ | 275,215,535 | ||
Fidelity Central Funds (cost $12,867,851) | 12,867,851 | |||
Total Investment in Securities (cost $247,198,602) | $ | 288,083,386 | ||
Foreign currency held at value (cost $902,295) | 901,980 | |||
Receivable for fund shares sold | 16,265 | |||
Dividends receivable | 60,439 | |||
Reclaims receivable | 1,878,766 | |||
Distributions receivable from Fidelity Central Funds | 36,159 | |||
Prepaid expenses | 442 | |||
Total assets | 290,977,437 | |||
Liabilities | ||||
Payable for investments purchased | $ | 71,061 | ||
Payable for fund shares redeemed | 147,074 | |||
Accrued management fee | 164,477 | |||
Other affiliated payables | 53,740 | |||
Other payables and accrued expenses | 232,297 | |||
Collateral on securities loaned | 3,656,000 | |||
Total Liabilities | 4,324,649 | |||
Net Assets | $ | 286,652,788 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 258,088,664 | ||
Total accumulated earnings (loss) | 28,564,124 | |||
Net Assets | $ | 286,652,788 | ||
Net Asset Value, offering price and redemption price per share ($286,652,788 ÷ 5,353,244 shares) | $ | 53.55 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 8,189,631 | ||
Foreign Tax Reclaims | 1,653,431 | |||
Income from Fidelity Central Funds (including $40,585 from security lending) | 405,495 | |||
Income before foreign taxes withheld | $ | 10,248,557 | ||
Less foreign taxes withheld | (2,212,804) | |||
Total Income | 8,035,753 | |||
Expenses | ||||
Management fee | $ | 2,068,185 | ||
Transfer agent fees | 504,241 | |||
Accounting fees | 152,632 | |||
Custodian fees and expenses | 25,434 | |||
Independent trustees' fees and expenses | 1,726 | |||
Registration fees | 27,557 | |||
Audit | 89,482 | |||
Legal | 297 | |||
Miscellaneous | 1,209 | |||
Total expenses before reductions | 2,870,763 | |||
Expense reductions | (19,191) | |||
Total expenses after reductions | 2,851,572 | |||
Net Investment income (loss) | 5,184,181 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,429,492 | |||
Foreign currency transactions | 451,178 | |||
Total net realized gain (loss) | 1,880,670 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 34,474,964 | |||
Assets and liabilities in foreign currencies | 5,676 | |||
Total change in net unrealized appreciation (depreciation) | 34,480,640 | |||
Net gain (loss) | 36,361,310 | |||
Net increase (decrease) in net assets resulting from operations | $ | 41,545,491 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,184,181 | $ | 4,639,612 |
Net realized gain (loss) | 1,880,670 | (8,220,001) | ||
Change in net unrealized appreciation (depreciation) | 34,480,640 | (114,229,877) | ||
Net increase (decrease) in net assets resulting from operations | 41,545,491 | (117,810,266) | ||
Distributions to shareholders | - | (53,400,933) | ||
Share transactions | ||||
Proceeds from sales of shares | 44,092,104 | 29,607,219 | ||
Reinvestment of distributions | - | 49,862,949 | ||
Cost of shares redeemed | (56,149,155) | (73,768,106) | ||
Net increase (decrease) in net assets resulting from share transactions | (12,057,051) | 5,702,062 | ||
Total increase (decrease) in net assets | 29,488,440 | (165,509,137) | ||
Net Assets | ||||
Beginning of period | 257,164,348 | 422,673,485 | ||
End of period | $ | 286,652,788 | $ | 257,164,348 |
Other Information | ||||
Shares | ||||
Sold | 789,514 | 545,297 | ||
Issued in reinvestment of distributions | - | 819,642 | ||
Redeemed | (1,011,489) | (1,383,136) | ||
Net increase (decrease) | (221,975) | (18,197) | ||
Fidelity® Nordic Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 46.13 | $ | 75.57 | $ | 56.51 | $ | 46.69 | $ | 49.64 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .93 | .78 | 1.06 | .15 | 1.50 C | |||||
Net realized and unrealized gain (loss) | 6.49 | (20.65) D | 20.17 | 11.86 | .15 | |||||
Total from investment operations | 7.42 | (19.87) | 21.23 | 12.01 | 1.65 | |||||
Distributions from net investment income | - | (3.02) | (.96) | (1.60) | (.05) | |||||
Distributions from net realized gain | - | (6.56) | (1.21) | (.59) | (4.55) | |||||
Total distributions | - | (9.57) E | (2.17) | (2.19) | (4.60) | |||||
Net asset value, end of period | $ | 53.55 | $ | 46.13 | $ | 75.57 | $ | 56.51 | $ | 46.69 |
Total Return F | 16.08% | (29.33)% D | 38.39% | 26.73% | 3.96% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | .94% | .93% | .92% | .96% | .98% | |||||
Expenses net of fee waivers, if any | .93% | .92% | .92% | .96% | .98% | |||||
Expenses net of all reductions | .93% | .92% | .92% | .96% | .96% | |||||
Net investment income (loss) | 1.69% | 1.45% | 1.51% | .31% | 3.28% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 286,653 | $ | 257,164 | $ | 422,673 | $ | 301,424 | $ | 261,896 |
Portfolio turnover rate I | 23% | 42% | 34% | 29% | 34% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $66,962,009 |
Gross unrealized depreciation | (31,253,679) |
Net unrealized appreciation (depreciation) | $35,708,330 |
Tax Cost | $252,375,056 |
Undistributed ordinary income | $- |
Capital loss carryforward | $(7,039,045) |
Net unrealized appreciation (depreciation) on securities and other investments | $35,603,171 |
Short-term | $(7,039,045) |
Total capital loss carryforward | $(7,039,045) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $- | $17,742,045 |
Long-term Capital Gains | - | 35,658,888 |
Total | $- | $53,400,933 |
Purchases ($) | Sales ($) | |
Fidelity Nordic Fund | 67,112,332 | 78,782,312 |
% of Average Net Assets | |
Fidelity Nordic Fund | .05 |
% of Average Net Assets | |
Fidelity Nordic Fund | 0.0498 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Nordic Fund | 1,713,922 | 626,733 | 41,582 |
Amount ($) | |
Fidelity Nordic Fund | 1,474 |
Amount | |
Fidelity Nordic Fund | $549 |
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 | $4,303 | $- | $- |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Pacific Basin Fund | 16.06% | 6.53% | 5.90% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Pacific Basin Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI AC (All Country) Pacific Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 7.3 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.3 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 5.3 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.2 | |
AIA Group Ltd. (Hong Kong, Insurance) | 3.0 | |
Sony Group Corp. (Japan, Household Durables) | 2.6 | |
ORIX Corp. (Japan, Financial Services) | 2.5 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 2.4 | |
DENSO Corp. (Japan, Automobile Components) | 2.3 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.0 | |
36.9 | ||
Market Sectors (% of Fund's net assets) | ||
Consumer Discretionary | 21.2 | |
Information Technology | 19.8 | |
Financials | 16.9 | |
Industrials | 11.0 | |
Communication Services | 10.3 | |
Health Care | 7.9 | |
Materials | 3.2 | |
Real Estate | 3.0 | |
Energy | 2.5 | |
Consumer Staples | 2.0 | |
Utilities | 1.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.1% | |||
Shares | Value ($) | ||
Australia - 7.8% | |||
Aristocrat Leisure Ltd. | 196,979 | 4,841,765 | |
CAR Group Ltd. | 243,614 | 4,294,248 | |
Cogstate Ltd. (a) | 1,950,314 | 1,835,025 | |
Flight Centre Travel Group Ltd. (b) | 270,111 | 3,210,902 | |
HUB24 Ltd. | 247,352 | 4,775,801 | |
Macquarie Group Ltd. | 91,015 | 9,355,430 | |
National Australia Bank Ltd. | 439,197 | 7,867,887 | |
National Storage REIT unit | 3,358,160 | 4,281,603 | |
Newcrest Mining Ltd. | 332,402 | 5,095,202 | |
Santos Ltd. | 1,050,151 | 5,124,169 | |
TOTAL AUSTRALIA | 50,682,032 | ||
China - 21.9% | |||
Alibaba Group Holding Ltd. (a) | 2,298,300 | 23,661,180 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 127,400 | 10,515,596 | |
Antengene Corp. (a)(c) | 8,904,211 | 1,764,224 | |
Centre Testing International Group Co. Ltd. (A Shares) | 1,916,909 | 3,967,044 | |
Chervon Holdings Ltd. | 1,894,700 | 4,666,740 | |
HUYA, Inc. ADR (a) | 710,157 | 2,222,791 | |
JOYY, Inc. ADR | 197,600 | 7,690,592 | |
Kweichow Moutai Co. Ltd. (A Shares) | 33,200 | 7,647,761 | |
Li Ning Co. Ltd. | 746,000 | 2,286,045 | |
Medlive Technology Co. Ltd. (b)(c) | 4,890,500 | 4,882,592 | |
Meituan Class B (a)(c) | 394,000 | 5,584,956 | |
PDD Holdings, Inc. ADR (a) | 79,200 | 8,032,464 | |
Shangri-La Asia Ltd. (a) | 5,218,000 | 3,328,967 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 130,399 | 5,097,744 | |
Tencent Holdings Ltd. | 738,900 | 27,345,770 | |
Trip.com Group Ltd. ADR (a) | 178,900 | 6,082,600 | |
Zai Lab Ltd. (a)(b) | 2,452,600 | 6,259,173 | |
Zhejiang Hechuan Technology Co. Ltd. | 663,500 | 3,714,840 | |
ZTO Express, Inc. sponsored ADR | 175,300 | 4,131,821 | |
Zylox-Tonbridge Medical Technology Co. Ltd. (a)(c) | 2,525,000 | 3,412,358 | |
TOTAL CHINA | 142,295,258 | ||
Hong Kong - 4.1% | |||
AIA Group Ltd. | 2,210,400 | 19,194,689 | |
China Metal Recycling (Holdings) Ltd. (a)(d) | 2,572,200 | 3 | |
Oriental Watch Holdings Ltd. | 2,381,424 | 1,148,113 | |
Prudential PLC | 569,885 | 5,958,939 | |
TOTAL HONG KONG | 26,301,744 | ||
India - 4.8% | |||
Delhivery Private Ltd. (a) | 785,400 | 3,897,731 | |
HDFC Bank Ltd. | 493,053 | 8,746,398 | |
HDFC Standard Life Insurance Co. Ltd. (c) | 887,000 | 6,587,274 | |
One97 Communications Ltd. (a) | 718,900 | 7,953,755 | |
Zomato Ltd. (a) | 3,380,400 | 4,274,344 | |
TOTAL INDIA | 31,459,502 | ||
Japan - 40.3% | |||
Astellas Pharma, Inc. | 415,800 | 5,259,818 | |
BayCurrent Consulting, Inc. | 121,300 | 3,045,449 | |
Daiichikosho Co. Ltd. | 232,600 | 3,438,168 | |
DENSO Corp. | 997,600 | 14,730,894 | |
ENEOS Holdings, Inc. | 741,900 | 2,749,049 | |
Fast Retailing Co. Ltd. | 30,300 | 6,708,311 | |
FUJIFILM Holdings Corp. | 85,600 | 4,682,132 | |
Fujitsu Ltd. | 39,200 | 5,078,264 | |
Funai Soken Holdings, Inc. | 257,200 | 4,227,316 | |
Hitachi Ltd. | 200,800 | 12,728,035 | |
Hoya Corp. | 125,100 | 12,043,204 | |
IHI Corp. | 166,100 | 3,187,820 | |
INPEX Corp. | 601,700 | 8,731,194 | |
Iriso Electronics Co. Ltd. | 128,900 | 3,043,127 | |
JTOWER, Inc. (a)(b) | 129,700 | 4,719,921 | |
Kakaku.com, Inc. | 161,600 | 1,558,550 | |
Kansai Electric Power Co., Inc. | 874,500 | 11,196,960 | |
Lifenet Insurance Co. (a) | 370,100 | 2,364,903 | |
LY Corp. | 3,041,400 | 7,754,009 | |
Minebea Mitsumi, Inc. | 401,500 | 6,295,240 | |
Misumi Group, Inc. | 262,100 | 3,967,844 | |
Mitsubishi Heavy Industries Ltd. | 101,300 | 5,217,424 | |
Money Forward, Inc. (a) | 122,200 | 3,086,531 | |
Murata Manufacturing Co. Ltd. | 227,200 | 3,891,795 | |
NSD Co. Ltd. | 228,200 | 3,970,427 | |
Open House Group Co. Ltd. | 177,300 | 5,843,872 | |
ORIX Corp. | 880,000 | 16,003,989 | |
Outsourcing, Inc. | 541,100 | 4,020,863 | |
Pan Pacific International Holdings Ltd. | 299,500 | 5,800,076 | |
Renesas Electronics Corp. (a) | 785,400 | 10,316,716 | |
Resona Holdings, Inc. | 1,154,800 | 6,170,469 | |
Shin-Etsu Chemical Co. Ltd. | 513,900 | 15,367,346 | |
SMS Co., Ltd. | 272,600 | 4,325,593 | |
Sony Group Corp. | 204,100 | 16,968,647 | |
Square Enix Holdings Co. Ltd. | 150,700 | 5,006,522 | |
TechnoPro Holdings, Inc. | 325,300 | 6,444,469 | |
Tokio Marine Holdings, Inc. | 491,300 | 10,991,480 | |
Tsuruha Holdings, Inc. (b) | 51,300 | 3,768,329 | |
ZOZO, Inc. | 376,300 | 7,155,248 | |
TOTAL JAPAN | 261,860,004 | ||
Korea (South) - 0.8% | |||
AMOREPACIFIC Corp. | 16,557 | 1,551,837 | |
LG Corp. | 64,290 | 3,674,441 | |
TOTAL KOREA (SOUTH) | 5,226,278 | ||
Malaysia - 0.5% | |||
MR DIY Group M Sdn Bhd (c) | 10,785,800 | 3,350,971 | |
New Zealand - 0.7% | |||
Ryman Healthcare Ltd. | 1,276,611 | 4,232,362 | |
Philippines - 2.3% | |||
Ayala Land, Inc. | 12,153,200 | 5,965,806 | |
Robinsons Land Corp. | 36,857,400 | 9,039,246 | |
TOTAL PHILIPPINES | 15,005,052 | ||
Singapore - 1.2% | |||
Sea Ltd. ADR (a) | 84,600 | 3,527,820 | |
United Overseas Bank Ltd. | 226,100 | 4,459,755 | |
TOTAL SINGAPORE | 7,987,575 | ||
Taiwan - 8.6% | |||
eMemory Technology, Inc. | 134,000 | 8,388,828 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,914,000 | 47,556,307 | |
TOTAL TAIWAN | 55,945,135 | ||
United States of America - 1.1% | |||
GI Dynamics, Inc. (a)(d) | 111,225 | 1 | |
Legend Biotech Corp. ADR (a) | 79,500 | 5,252,565 | |
Space Exploration Technologies Corp. Class A (a)(d)(e) | 22,539 | 1,825,659 | |
TOTAL UNITED STATES OF AMERICA | 7,078,225 | ||
TOTAL COMMON STOCKS (Cost $561,614,827) | 611,424,138 | ||
Preferred Stocks - 5.4% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.1% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 87,773 | 516,983 | |
United States of America - 0.0% | |||
Canva, Inc.: | |||
Series A (d)(e) | 85 | 90,711 | |
Series A2 (d)(e) | 15 | 16,008 | |
106,719 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 623,702 | ||
Nonconvertible Preferred Stocks - 5.3% | |||
Korea (South) - 5.3% | |||
Samsung Electronics Co. Ltd. | 867,100 | 34,567,413 | |
TOTAL PREFERRED STOCKS (Cost $44,562,406) | 35,191,115 | ||
Money Market Funds - 2.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 2,803,061 | 2,803,622 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 10,706,729 | 10,707,799 | |
TOTAL MONEY MARKET FUNDS (Cost $13,511,421) | 13,511,421 | ||
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $619,688,654) | 660,126,674 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (10,161,626) |
NET ASSETS - 100.0% | 649,965,048 |
(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 $25,582,375 or 3.9% 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 $2,449,361 or 0.4% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Canva, Inc. Series A | 9/22/23 | 90,666 |
Canva, Inc. Series A2 | 9/22/23 | 16,000 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 15,775,672 | 239,794,038 | 252,766,088 | 445,311 | - | - | 2,803,622 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 9,708,475 | 171,309,119 | 170,309,795 | 63,236 | - | - | 10,707,799 | 0.0% |
Total | 25,484,147 | 411,103,157 | 423,075,883 | 508,547 | - | - | 13,511,421 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 67,558,391 | 13,441,203 | 54,117,188 | - |
Consumer Discretionary | 138,298,410 | 24,630,660 | 113,561,031 | 106,719 |
Consumer Staples | 12,967,927 | - | 12,967,927 | - |
Energy | 16,604,412 | - | 16,604,412 | - |
Financials | 110,430,769 | - | 110,430,769 | - |
Health Care | 50,556,049 | 5,252,565 | 44,786,500 | 516,984 |
Industrials | 70,956,749 | 4,131,821 | 64,999,269 | 1,825,659 |
Information Technology | 128,296,380 | - | 128,296,380 | - |
Materials | 20,462,551 | 5,095,202 | 15,367,346 | 3 |
Real Estate | 19,286,655 | - | 19,286,655 | - |
Utilities | 11,196,960 | - | 11,196,960 | - |
Money Market Funds | 13,511,421 | 13,511,421 | - | - |
Total Investments in Securities: | 660,126,674 | 66,062,872 | 591,614,437 | 2,449,365 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $10,126,909) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $606,177,233) | $ | 646,615,253 | ||
Fidelity Central Funds (cost $13,511,421) | 13,511,421 | |||
Total Investment in Securities (cost $619,688,654) | $ | 660,126,674 | ||
Receivable for investments sold | 484,218 | |||
Receivable for fund shares sold | 75,808 | |||
Dividends receivable | 2,017,950 | |||
Distributions receivable from Fidelity Central Funds | 39,855 | |||
Prepaid expenses | 1,023 | |||
Other receivables | 23,664 | |||
Total assets | 662,769,192 | |||
Liabilities | ||||
Payable to custodian bank | $ | 1,940 | ||
Payable for investments purchased | 327,282 | |||
Payable for fund shares redeemed | 166,495 | |||
Accrued management fee | 358,237 | |||
Other affiliated payables | 115,987 | |||
Deferred taxes | 1,033,234 | |||
Other payables and accrued expenses | 93,170 | |||
Collateral on securities loaned | 10,707,799 | |||
Total Liabilities | 12,804,144 | |||
Net Assets | $ | 649,965,048 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 586,997,486 | ||
Total accumulated earnings (loss) | 62,967,562 | |||
Net Assets | $ | 649,965,048 | ||
Net Asset Value, offering price and redemption price per share ($649,965,048 ÷ 23,391,140 shares) | $ | 27.79 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 15,063,047 | ||
Non-Cash dividends | 1,785,153 | |||
Income from Fidelity Central Funds (including $63,236 from security lending) | 508,547 | |||
Income before foreign taxes withheld | $ | 17,356,747 | ||
Less foreign taxes withheld | (1,487,245) | |||
Total Income | 15,869,502 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,991,846 | ||
Performance adjustment | 1,222,503 | |||
Transfer agent fees | 1,128,091 | |||
Accounting fees | 343,674 | |||
Custodian fees and expenses | 109,831 | |||
Independent trustees' fees and expenses | 4,312 | |||
Registration fees | 29,696 | |||
Audit | 88,357 | |||
Legal | 793 | |||
Interest | 9,815 | |||
Miscellaneous | 3,674 | |||
Total expenses before reductions | 7,932,592 | |||
Expense reductions | (44,750) | |||
Total expenses after reductions | 7,887,842 | |||
Net Investment income (loss) | 7,981,660 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $816,567) | 44,643,512 | |||
Foreign currency transactions | (253,769) | |||
Total net realized gain (loss) | 44,389,743 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $223,176) | 56,057,085 | |||
Assets and liabilities in foreign currencies | 28,616 | |||
Total change in net unrealized appreciation (depreciation) | 56,085,701 | |||
Net gain (loss) | 100,475,444 | |||
Net increase (decrease) in net assets resulting from operations | $ | 108,457,104 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 7,981,660 | $ | 5,715,472 |
Net realized gain (loss) | 44,389,743 | 71,701,080 | ||
Change in net unrealized appreciation (depreciation) | 56,085,701 | (457,726,586) | ||
Net increase (decrease) in net assets resulting from operations | 108,457,104 | (380,310,034) | ||
Distributions to shareholders | (59,141,027) | (153,392,663) | ||
Share transactions | ||||
Proceeds from sales of shares | 84,533,936 | 97,680,092 | ||
Reinvestment of distributions | 44,008,733 | 112,623,785 | ||
Cost of shares redeemed | (185,451,402) | (233,769,363) | ||
Net increase (decrease) in net assets resulting from share transactions | (56,908,733) | (23,465,486) | ||
Total increase (decrease) in net assets | (7,592,656) | (557,168,183) | ||
Net Assets | ||||
Beginning of period | 657,557,704 | 1,214,725,887 | ||
End of period | $ | 649,965,048 | $ | 657,557,704 |
Other Information | ||||
Shares | ||||
Sold | 2,854,991 | 2,944,154 | ||
Issued in reinvestment of distributions | 1,565,033 | 2,912,433 | ||
Redeemed | (6,326,367) | (6,908,065) | ||
Net increase (decrease) | (1,906,343) | (1,051,478) | ||
Fidelity® Pacific Basin Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 25.99 | $ | 46.10 | $ | 40.16 | $ | 32.65 | $ | 29.51 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .32 C | .22 | .15 | .16 | .26 | |||||
Net realized and unrealized gain (loss) | 3.88 | (14.49) | 7.74 | 7.61 | 5.74 | |||||
Total from investment operations | 4.20 | (14.27) | 7.89 | 7.77 | 6.00 | |||||
Distributions from net investment income | - | (1.17) D | (.10) | (.26) | (.20) | |||||
Distributions from net realized gain | (2.40) | (4.67) D | (1.85) | - | (2.67) | |||||
Total distributions | (2.40) | (5.84) | (1.95) | (.26) | (2.86) E | |||||
Net asset value, end of period | $ | 27.79 | $ | 25.99 | $ | 46.10 | $ | 40.16 | $ | 32.65 |
Total Return F | 16.06% | (35.11)% | 20.08% | 23.95% | 22.37% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.07% | 1.12% | 1.04% | 1.11% | .97% | |||||
Expenses net of fee waivers, if any | 1.07% | 1.12% | 1.04% | 1.11% | .97% | |||||
Expenses net of all reductions | 1.07% | 1.12% | 1.04% | 1.10% | .97% | |||||
Net investment income (loss) | 1.08% C | .64% | .32% | .47% | .88% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 649,965 | $ | 657,558 | $ | 1,214,726 | $ | 1,084,673 | $ | 891,154 |
Portfolio turnover rate I | 46% | 29% | 40% | 27% | 32% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $118,043,399 |
Gross unrealized depreciation | (89,445,234) |
Net unrealized appreciation (depreciation) | $28,598,165 |
Tax Cost | $631,528,509 |
Undistributed ordinary income | $16,510,820 |
Undistributed long-term capital gain | $18,945,629 |
Net unrealized appreciation (depreciation) on securities and other investments | $28,544,349 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $- | $30,731,746 |
Long-term Capital Gains | 59,141,027 | 122,660,917 |
Total | $59,141,027 | $153,392,663 |
Purchases ($) | Sales ($) | |
Fidelity Pacific Basin Fund | 333,829,394 | 429,711,718 |
% of Average Net Assets | |
Fidelity Pacific Basin Fund | .05 |
% of Average Net Assets | |
Fidelity Pacific Basin Fund | 0.0464 |
Amount | |
Fidelity Pacific Basin Fund | $3,603 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Pacific Basin Fund | Borrower | $8,414,111 | 4.67% | $9,815 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Pacific Basin Fund | 8,012,458 | 793,335 | (16,516) |
Amount | |
Fidelity Pacific Basin Fund | $1,349 |
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 | $6,665 | $- | $- |
Strategic Advisers Fidelity International Fund | |
Fidelity Pacific Basin Fund | 16% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Canada Fund | ||||||||||
Class A | 1.39% | |||||||||
Actual | $ 1,000 | $ 930.80 | $ 6.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.20 | $ 7.07 | |||||||
Class M | 1.66% | |||||||||
Actual | $ 1,000 | $ 929.70 | $ 8.07 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.84 | $ 8.44 | |||||||
Class C | 2.17% | |||||||||
Actual | $ 1,000 | $ 927.00 | $ 10.54 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.27 | $ 11.02 | |||||||
Fidelity® Canada Fund | 1.08% | |||||||||
Actual | $ 1,000 | $ 932.20 | $ 5.26 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.76 | $ 5.50 | |||||||
Class I | 1.07% | |||||||||
Actual | $ 1,000 | $ 932.20 | $ 5.21 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.81 | $ 5.45 | |||||||
Class Z | .96% | |||||||||
Actual | $ 1,000 | $ 932.80 | $ 4.68 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.37 | $ 4.89 | |||||||
Fidelity® China Region Fund | ||||||||||
Class A | 1.25% | |||||||||
Actual | $ 1,000 | $ 928.20 | $ 6.08 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.90 | $ 6.36 | |||||||
Class M | 1.51% | |||||||||
Actual | $ 1,000 | $ 927.00 | $ 7.33 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.59 | $ 7.68 | |||||||
Class C | 1.96% | |||||||||
Actual | $ 1,000 | $ 924.80 | $ 9.51 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.32 | $ 9.96 | |||||||
Fidelity® China Region Fund | .95% | |||||||||
Actual | $ 1,000 | $ 929.80 | $ 4.62 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.42 | $ 4.84 | |||||||
Class I | .94% | |||||||||
Actual | $ 1,000 | $ 929.80 | $ 4.57 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.47 | $ 4.79 | |||||||
Class Z | .81% | |||||||||
Actual | $ 1,000 | $ 930.40 | $ 3.94 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.12 | $ 4.13 | |||||||
Fidelity® Emerging Asia Fund | .62% | |||||||||
Actual | $ 1,000 | $ 988.50 | $ 3.11 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.08 | $ 3.16 | |||||||
Fidelity® Emerging Markets Fund | ||||||||||
Class A | 1.20% | |||||||||
Actual | $ 1,000 | $ 950.70 | $ 5.90 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.16 | $ 6.11 | |||||||
Class M | 1.48% | |||||||||
Actual | $ 1,000 | $ 949.50 | $ 7.27 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.74 | $ 7.53 | |||||||
Class C | 1.98% | |||||||||
Actual | $ 1,000 | $ 947.10 | $ 9.72 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.22 | $ 10.06 | |||||||
Fidelity® Emerging Markets Fund | .89% | |||||||||
Actual | $ 1,000 | $ 952.30 | $ 4.38 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.72 | $ 4.53 | |||||||
Class K | .76% | |||||||||
Actual | $ 1,000 | $ 952.70 | $ 3.74 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.37 | $ 3.87 | |||||||
Class I | .92% | |||||||||
Actual | $ 1,000 | $ 952.20 | $ 4.53 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.57 | $ 4.69 | |||||||
Class Z | .76% | |||||||||
Actual | $ 1,000 | $ 952.90 | $ 3.74 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.37 | $ 3.87 | |||||||
Fidelity® Europe Fund | ||||||||||
Class A | .97% | |||||||||
Actual | $ 1,000 | $ 887.90 | $ 4.62 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.32 | $ 4.94 | |||||||
Class M | 1.23% | |||||||||
Actual | $ 1,000 | $ 886.90 | $ 5.85 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.00 | $ 6.26 | |||||||
Class C | 1.73% | |||||||||
Actual | $ 1,000 | $ 884.80 | $ 8.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.48 | $ 8.79 | |||||||
Fidelity® Europe Fund | .64% | |||||||||
Actual | $ 1,000 | $ 889.50 | $ 3.05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.98 | $ 3.26 | |||||||
Class I | .63% | |||||||||
Actual | $ 1,000 | $ 889.50 | $ 3.00 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.03 | $ 3.21 | |||||||
Class Z | .53% | |||||||||
Actual | $ 1,000 | $ 890.10 | $ 2.52 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.53 | $ 2.70 | |||||||
Fidelity® Japan Fund | ||||||||||
Class A | 1.09% | |||||||||
Actual | $ 1,000 | $ 951.60 | $ 5.36 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.71 | $ 5.55 | |||||||
Class M | 1.37% | |||||||||
Actual | $ 1,000 | $ 950.60 | $ 6.74 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.30 | $ 6.97 | |||||||
Class C | 1.77% | |||||||||
Actual | $ 1,000 | $ 948.50 | $ 8.69 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.28 | $ 9.00 | |||||||
Fidelity® Japan Fund | .84% | |||||||||
Actual | $ 1,000 | $ 952.70 | $ 4.13 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.97 | $ 4.28 | |||||||
Class I | .84% | |||||||||
Actual | $ 1,000 | $ 953.00 | $ 4.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.97 | $ 4.28 | |||||||
Class Z | .66% | |||||||||
Actual | $ 1,000 | $ 953.90 | $ 3.25 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.88 | $ 3.36 | |||||||
Fidelity® Japan Smaller Companies Fund | .91% | |||||||||
Actual | $ 1,000 | $ 955.30 | $ 4.48 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.62 | $ 4.63 | |||||||
Fidelity® Latin America Fund | ||||||||||
Class A | 1.32% | |||||||||
Actual | $ 1,000 | $ 991.70 | $ 6.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.55 | $ 6.72 | |||||||
Class M | 1.57% | |||||||||
Actual | $ 1,000 | $ 990.60 | $ 7.88 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.29 | $ 7.98 | |||||||
Class C | 2.07% | |||||||||
Actual | $ 1,000 | $ 988.00 | $ 10.37 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.77 | $ 10.51 | |||||||
Fidelity® Latin America Fund | 1.05% | |||||||||
Actual | $ 1,000 | $ 992.80 | $ 5.27 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.91 | $ 5.35 | |||||||
Class I | .99% | |||||||||
Actual | $ 1,000 | $ 993.30 | $ 4.97 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.21 | $ 5.04 | |||||||
Class Z | .84% | |||||||||
Actual | $ 1,000 | $ 993.90 | $ 4.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.97 | $ 4.28 | |||||||
Fidelity® Nordic Fund | .92% | |||||||||
Actual | $ 1,000 | $ 905.00 | $ 4.42 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.57 | $ 4.69 | |||||||
Fidelity® Pacific Basin Fund | .97% | |||||||||
Actual | $ 1,000 | $ 939.50 | $ 4.74 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.32 | $ 4.94 | |||||||
Fidelity Canada Fund | $20,218,534 |
Fidelity Japan Fund | $17,974,277 |
Fidelity Japan Smaller Companies Fund | $3,389,454 |
Fidelity Pacific Basin Fund | $18,994,072 |
Fidelity Canada Fund | $66,388 |
Fidelity Emerging Markets Fund | $465,950 |
Class A | Class M | Class C | Retail | Class K | Class I | Class Z | |
Fidelity Canada Fund | |||||||
December, 2022 | 100% | 100% | 100% | 100% | - | 100% | 100% |
Fidelity China Region Fund | |||||||
December, 2022 | 100% | 100% | - | 68.34% | - | 69.31% | 80.51% |
Fidelity Emerging Markets Fund | |||||||
December 9, 2022 | 100% | 100% | - | 100% | 100% | 100% | 100% |
December 28, 2022 | 100% | 100% | - | 100% | 100% | 100% | 100% |
Fidelity Japan Smaller Companies Fund | |||||||
December, 2022 | - | - | - | 53.51% | - | - | - |
Fidelity Latin America Fund | |||||||
December, 2022 | 28.44% | 29.45% | 31.34% | 27.63% | - | 27.44% | 28.23% |
Pay Date | Income | Taxes | |
Fidelity Canada Fund | |||
Class A | 12/12/2022 | $0.8224 | $0.1464 |
Class M | 12/12/2022 | $0.6314 | $0.1464 |
Class C | 12/12/2022 | $0.1994 | $0.1464 |
Canada | 12/12/2022 | $1.0164 | $0.1464 |
Class I | 12/12/2022 | $1.0234 | $0.1464 |
Class Z | 12/12/2022 | $0.9854 | $0.1464 |
Fidelity China Region Fund | |||
Class A | 12/05/2022 | $0.2780 | $0.0870 |
Class M | 12/05/2022 | $0.1810 | $0.0870 |
Class C | 12/05/2022 | $0.0000 | $0.0000 |
China Region | 12/05/2022 | $0.4300 | $0.0870 |
Class I | 12/05/2022 | $0.4240 | $0.0870 |
Class Z | 12/05/2022 | $0.3650 | $0.0870 |
Fidelity Emerging Markets Fund | |||
Class A | 12/12/2022 | $0.2320 | $0.0970 |
12/29/2022 | $0.0070 | $0.0000 | |
Class M | 12/12/2022 | $0.1280 | $0.0970 |
12/29/2022 | $0.0070 | $0.0000 | |
Class C | 12/12/2022 | $0.0000 | $0.0000 |
12/29/2022 | $0.0000 | $0.0000 | |
Emerging Markets | 12/12/2022 | $0.3310 | $0.0970 |
12/29/2022 | $0.0070 | $0.0000 | |
Class K | 12/12/2022 | $0.3700 | $0.0970 |
12/29/2022 | $0.0070 | $0.0000 | |
Class I | 12/12/2022 | $0.3580 | $0.0970 |
12/29/2022 | $0.0070 | $0.0000 | |
Class Z | 12/12/2022 | $0.3720 | $0.0970 |
12/29/2022 | $0.0070 | $0.0000 | |
Fidelity Japan Smaller Companies Fund | |||
Japan Smaller Companies | 12/29/2022 | $0.0405 | $0.0335 |
Fidelity Latin America Fund | |||
Class A | 12/12/2022 | $1.6541 | $0.0701 |
Class M | 12/12/2022 | $1.5971 | $0.0701 |
Class C | 12/12/2022 | $1.5011 | $0.0701 |
Latin America | 12/12/2022 | $1.7021 | $0.0701 |
Class I | 12/12/2022 | $1.7141 | $0.0701 |
Class Z | 12/12/2022 | $1.6661 | $0.0701 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® Infrastructure Fund | -2.43% | 2.95% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Infrastructure Fund, on November 5, 2019, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Aena SME SA | 7.7 | |
Southern Co. | 6.8 | |
NextEra Energy, Inc. | 6.4 | |
Cheniere Energy, Inc. | 6.0 | |
GFL Environmental, Inc. | 4.6 | |
National Grid PLC | 4.4 | |
The Williams Companies, Inc. | 4.4 | |
Iberdrola SA | 4.4 | |
Republic Services, Inc. | 4.3 | |
Targa Resources Corp. | 3.7 | |
52.7 | ||
Market Sectors (% of Fund's net assets) | ||
Utilities | 39.1 | |
Industrials | 28.1 | |
Energy | 15.0 | |
Real Estate | 10.4 | |
Communication Services | 3.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.0% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 3.4% | |||
Diversified Telecommunication Services - 3.4% | |||
Cellnex Telecom SA (a) | 41,238 | 1,212,237 | |
Helios Towers PLC (b) | 281,462 | 207,143 | |
1,419,380 | |||
ENERGY - 15.0% | |||
Oil, Gas & Consumable Fuels - 15.0% | |||
Cheniere Energy, Inc. | 15,002 | 2,496,633 | |
Enterprise Products Partners LP | 14,996 | 390,496 | |
Targa Resources Corp. | 18,709 | 1,564,259 | |
The Williams Companies, Inc. | 53,837 | 1,851,993 | |
6,303,381 | |||
INDUSTRIALS - 28.1% | |||
Commercial Services & Supplies - 11.9% | |||
GFL Environmental, Inc. | 66,225 | 1,908,605 | |
Republic Services, Inc. | 12,280 | 1,823,457 | |
Waste Connections, Inc. (United States) | 9,558 | 1,237,761 | |
4,969,823 | |||
Construction & Engineering - 2.7% | |||
Ferrovial SE | 29,164 | 877,614 | |
Ferrovial SE rights (b)(c)(d) | 29,164 | 13,195 | |
VINCI SA | 2,170 | 239,946 | |
1,130,755 | |||
Ground Transportation - 3.7% | |||
Canadian Pacific Kansas City Ltd. | 3,394 | 240,872 | |
CSX Corp. | 17,779 | 530,703 | |
Norfolk Southern Corp. | 1,200 | 228,948 | |
Union Pacific Corp. | 2,760 | 573,004 | |
1,573,527 | |||
Transportation Infrastructure - 9.8% | |||
Aena SME SA (a) | 22,399 | 3,241,026 | |
Grupo Aeroportuario Norte S.A.B. de CV ADR | 14,158 | 866,045 | |
4,107,071 | |||
TOTAL INDUSTRIALS | 11,781,176 | ||
REAL ESTATE - 10.4% | |||
Equity Real Estate Investment Trusts (REITs) - 10.4% | |||
American Tower Corp. | 7,077 | 1,261,051 | |
Crown Castle International Corp. | 4,068 | 378,243 | |
Equinix, Inc. | 1,696 | 1,237,469 | |
Londonmetric Properity PLC | 145,028 | 291,558 | |
Prologis (REIT), Inc. | 6,905 | 695,679 | |
Segro PLC | 54,551 | 472,615 | |
Urban Logistics REIT PLC | 8,164 | 10,340 | |
4,346,955 | |||
UTILITIES - 39.1% | |||
Electric Utilities - 24.8% | |||
Constellation Energy Corp. | 9,270 | 1,046,768 | |
Exelon Corp. | 27,706 | 1,078,872 | |
Iberdrola SA | 164,890 | 1,833,909 | |
Kansai Electric Power Co., Inc. | 72,361 | 926,499 | |
NextEra Energy, Inc. | 45,845 | 2,672,764 | |
Southern Co. | 42,200 | 2,840,060 | |
10,398,872 | |||
Independent Power and Renewable Electricity Producers - 3.7% | |||
EDP Renovaveis SA | 29,323 | 471,295 | |
RWE AG | 27,816 | 1,063,382 | |
1,534,677 | |||
Multi-Utilities - 10.6% | |||
National Grid PLC | 157,100 | 1,873,100 | |
Sempra | 20,400 | 1,428,612 | |
WEC Energy Group, Inc. | 14,259 | 1,160,540 | |
4,462,252 | |||
TOTAL UTILITIES | 16,395,801 | ||
TOTAL COMMON STOCKS (Cost $39,159,995) | 40,246,693 | ||
Money Market Funds - 4.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) (Cost $1,745,398) | 1,745,049 | 1,745,398 | |
TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $40,905,393) | 41,992,091 |
NET OTHER ASSETS (LIABILITIES) - (0.2)% | (68,256) |
NET ASSETS - 100.0% | 41,923,835 |
(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 $4,453,263 or 10.6% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 1,292,455 | 16,217,571 | 15,764,628 | 92,819 | - | - | 1,745,398 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 377,175 | 13,104,398 | 13,481,573 | 3,126 | - | - | - | 0.0% |
Total | 1,669,630 | 29,321,969 | 29,246,201 | 95,945 | - | - | 1,745,398 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,419,380 | 207,143 | 1,212,237 | - |
Energy | 6,303,381 | 6,303,381 | - | - |
Industrials | 11,781,176 | 11,528,035 | 253,141 | - |
Real Estate | 4,346,955 | 4,346,955 | - | - |
Utilities | 16,395,801 | 11,762,293 | 4,633,508 | - |
Money Market Funds | 1,745,398 | 1,745,398 | - | - |
Total Investments in Securities: | 41,992,091 | 35,893,205 | 6,098,886 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $39,159,995) | $ | 40,246,693 | ||
Fidelity Central Funds (cost $1,745,398) | 1,745,398 | |||
Total Investment in Securities (cost $40,905,393) | $ | 41,992,091 | ||
Foreign currency held at value (cost $11,654) | 11,653 | |||
Receivable for investments sold | 64,775 | |||
Receivable for fund shares sold | 3,437 | |||
Dividends receivable | 40,264 | |||
Reclaims receivable | 26,034 | |||
Distributions receivable from Fidelity Central Funds | 9,398 | |||
Prepaid expenses | 69 | |||
Receivable from investment adviser for expense reductions | 20,252 | |||
Total assets | 42,167,973 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 140,526 | ||
Delayed delivery | 13,195 | |||
Payable for fund shares redeemed | 13,126 | |||
Accrued management fee | 23,797 | |||
Other affiliated payables | 10,919 | |||
Audit fee payable | 41,575 | |||
Other payables and accrued expenses | 1,000 | |||
Total Liabilities | 244,138 | |||
Net Assets | $ | 41,923,835 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 46,950,380 | ||
Total accumulated earnings (loss) | (5,026,545) | |||
Net Assets | $ | 41,923,835 | ||
Net Asset Value, offering price and redemption price per share ($41,923,835 ÷ 3,909,894 shares) | $ | 10.72 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 1,187,565 | ||
Non-Cash dividends | 110,860 | |||
Income from Fidelity Central Funds (including $3,126 from security lending) | 95,945 | |||
Income before foreign taxes withheld | $ | 1,394,370 | ||
Less foreign taxes withheld | (59,000) | |||
Total Income | 1,335,370 | |||
Expenses | ||||
Management fee | $ | 319,181 | ||
Transfer agent fees | 120,496 | |||
Accounting fees | 16,745 | |||
Custodian fees and expenses | 8,527 | |||
Independent trustees' fees and expenses | 271 | |||
Registration fees | 24,957 | |||
Audit | 53,907 | |||
Legal | 43 | |||
Miscellaneous | 195 | |||
Total expenses before reductions | 544,322 | |||
Expense reductions | (98,014) | |||
Total expenses after reductions | 446,308 | |||
Net Investment income (loss) | 889,062 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (2,473,551) | |||
Foreign currency transactions | 9,702 | |||
Total net realized gain (loss) | (2,463,849) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (51,886) | |||
Assets and liabilities in foreign currencies | 903 | |||
Total change in net unrealized appreciation (depreciation) | (50,983) | |||
Net gain (loss) | (2,514,832) | |||
Net increase (decrease) in net assets resulting from operations | $ | (1,625,770) |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 889,062 | $ | 548,089 |
Net realized gain (loss) | (2,463,849) | (2,117,443) | ||
Change in net unrealized appreciation (depreciation) | (50,983) | (4,462,414) | ||
Net increase (decrease) in net assets resulting from operations | (1,625,770) | (6,031,768) | ||
Distributions to shareholders | (954,622) | (639,029) | ||
Share transactions | ||||
Proceeds from sales of shares | 20,419,990 | 27,766,378 | ||
Reinvestment of distributions | 885,226 | 598,670 | ||
Cost of shares redeemed | (14,157,019) | (30,384,461) | ||
Net increase (decrease) in net assets resulting from share transactions | 7,148,197 | (2,019,413) | ||
Total increase (decrease) in net assets | 4,567,805 | (8,690,210) | ||
Net Assets | ||||
Beginning of period | 37,356,030 | 46,046,240 | ||
End of period | $ | 41,923,835 | $ | 37,356,030 |
Other Information | ||||
Shares | ||||
Sold | 1,707,795 | 2,232,445 | ||
Issued in reinvestment of distributions | 75,822 | 51,607 | ||
Redeemed | (1,203,495) | (2,600,860) | ||
Net increase (decrease) | 580,122 | (316,808) | ||
Fidelity® Infrastructure Fund |
Years ended October 31, | 2023 | 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 | .22 | .13 D | .07 | .17 | ||||
Net realized and unrealized gain (loss) | (.47) | (1.38) | 2.21 | .31 | ||||
Total from investment operations | (.25) | (1.25) | 2.28 | .48 | ||||
Distributions from net investment income | (.25) | (.16) | (.09) | (.04) | ||||
Total distributions | (.25) | (.16) | (.09) | (.04) | ||||
Net asset value, end of period | $ | 10.72 | $ | 11.22 | $ | 12.63 | $ | 10.44 |
Total Return E,F | (2.43)% | (9.95)% | 21.96% | 4.79% | ||||
Ratios to Average Net Assets C,G,H | ||||||||
Expenses before reductions | 1.15% | 1.13% | 1.24% | 2.24% I | ||||
Expenses net of fee waivers, if any | .94% | .98% | 1.00% | 1.00% I | ||||
Expenses net of all reductions | .94% | .98% | 1.00% | .98% I | ||||
Net investment income (loss) | 1.88% | 1.08% D | .61% | 1.67% I | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 41,924 | $ | 37,356 | $ | 46,046 | $ | 12,762 |
Portfolio turnover rate J | 55% | 91% | 46% | 50% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $4,421,497 |
Gross unrealized depreciation | (3,614,930) |
Net unrealized appreciation (depreciation) | $806,567 |
Tax Cost | $41,185,524 |
Undistributed ordinary income | $30,931 |
Capital loss carryforward | $(5,776,793) |
Net unrealized appreciation (depreciation) on securities and other investments | $719,315 |
Short-term | $(4,974,147) |
Long-term | (802,646) |
Total capital loss carryforward | $(5,776,793) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $954,622 | $639,029 |
Purchases ($) | Sales ($) | |
Fidelity Infrastructure Fund | 31,275,697 | 24,636,910 |
% of Average Net Assets | |
Fidelity Infrastructure Fund | .04 |
% of Average Net Assets | |
Fidelity Infrastructure Fund | 0.0354% |
Amount | |
Fidelity Infrastructure Fund | $ 198 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Infrastructure Fund | 646,130 | 292,818 | (126,669) |
Amount | |
Fidelity Infrastructure Fund | $85 |
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 | $330 | $- | $- |
VIP FundsManager 60% Portfolio | |
Fidelity Infrastructure Fund | 13% |
Fund | % of shares held |
Fidelity Infrastructure Fund | 29% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Infrastructure Fund ** | .95% | |||||||||
Actual | $ 1,000 | $ 886.80 | $ 4.52 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.42 | $ 4.84 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Infrastructure Fund | .89% | |||||
Actual | $ 4.23 | |||||
Hypothetical- B | $ 4.53 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 6.19% | 4.72% | 3.40% |
Class M (incl. 3.50% sales charge) | 8.41% | 4.97% | 3.39% |
Class C (incl. contingent deferred sales charge) | 10.82% | 5.19% | 3.39% |
Fidelity® Total International Equity Fund | 12.80% | 6.23% | 4.30% |
Class I | 12.86% | 6.24% | 4.27% |
Class Z | 13.04% | 6.40% | 4.39% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Total International Equity Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.1 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 2.4 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 2.3 | |
Linde PLC (United States of America, Chemicals) | 1.7 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.7 | |
Canadian Pacific Kansas City Ltd. (Canada, Ground Transportation) | 1.6 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 1.6 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.6 | |
HDFC Bank Ltd. (India, Banks) | 1.6 | |
Shell PLC ADR (Netherlands, Oil, Gas & Consumable Fuels) | 1.5 | |
19.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.4 | |
Industrials | 18.8 | |
Information Technology | 13.3 | |
Consumer Discretionary | 12.4 | |
Materials | 10.8 | |
Energy | 6.3 | |
Health Care | 5.6 | |
Communication Services | 4.3 | |
Consumer Staples | 3.2 | |
Utilities | 0.3 | |
Real Estate | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.0% | |||
Shares | Value ($) | ||
Australia - 2.5% | |||
BHP Group Ltd. | 86,693 | 2,454,060 | |
Flutter Entertainment PLC (a) | 1,590 | 249,398 | |
Glencore PLC | 260,958 | 1,382,250 | |
Imdex Ltd. | 43,461 | 45,587 | |
Macquarie Group Ltd. | 7,594 | 780,587 | |
Steadfast Group Ltd. | 17,941 | 61,695 | |
Woodside Energy Group Ltd. | 30,739 | 669,489 | |
TOTAL AUSTRALIA | 5,643,066 | ||
Belgium - 0.5% | |||
Azelis Group NV | 15,744 | 268,205 | |
KBC Ancora | 2,919 | 110,263 | |
KBC Group NV | 10,402 | 571,230 | |
UCB SA | 3,088 | 225,648 | |
TOTAL BELGIUM | 1,175,346 | ||
Brazil - 1.2% | |||
Localiza Rent a Car SA | 67,184 | 677,870 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 603 | 837 | |
Raia Drogasil SA | 119,246 | 610,214 | |
Suzano Papel e Celulose SA | 88,289 | 903,072 | |
XP, Inc. Class A | 28,576 | 571,520 | |
TOTAL BRAZIL | 2,763,513 | ||
Canada - 7.5% | |||
Barrick Gold Corp. | 103,109 | 1,647,682 | |
CAE, Inc. (a) | 59,665 | 1,246,006 | |
Cameco Corp. | 23,170 | 947,852 | |
Canadian Natural Resources Ltd. | 15,965 | 1,013,793 | |
Canadian Pacific Kansas City Ltd. | 49,815 | 3,536,892 | |
Constellation Software, Inc. | 821 | 1,645,854 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 921 | 0 | |
Franco-Nevada Corp. | 11,449 | 1,392,786 | |
McCoy Global, Inc. | 7,000 | 7,622 | |
Nutrien Ltd. | 17,492 | 939,466 | |
Osisko Gold Royalties Ltd. | 3,688 | 45,078 | |
Pason Systems, Inc. | 5,503 | 52,738 | |
Richelieu Hardware Ltd. | 29,867 | 893,372 | |
Suncor Energy, Inc. | 41,159 | 1,332,937 | |
The Toronto-Dominion Bank | 35,467 | 1,981,088 | |
TOTAL CANADA | 16,683,166 | ||
Chile - 0.5% | |||
Antofagasta PLC | 63,746 | 1,042,107 | |
China - 9.6% | |||
Alibaba Group Holding Ltd. (a) | 191,043 | 1,966,803 | |
China Life Insurance Co. Ltd. (H Shares) | 1,306,902 | 1,770,067 | |
Chlitina Holding Ltd. | 9,200 | 55,362 | |
Haier Smart Home Co. Ltd. (A Shares) | 615,500 | 1,870,501 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 617,007 | 1,160,895 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 2,248,643 | 1,077,650 | |
Kweichow Moutai Co. Ltd. (A Shares) | 5,400 | 1,243,913 | |
Meituan Class B (a)(c) | 150,955 | 2,139,789 | |
New Oriental Education & Technology Group, Inc. (a) | 142,768 | 930,853 | |
PDD Holdings, Inc. ADR (a) | 12,420 | 1,259,636 | |
Shangri-La Asia Ltd. (a) | 817,621 | 521,624 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 138,600 | 1,145,919 | |
Tencent Holdings Ltd. | 145,276 | 5,376,484 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 104,841 | 795,065 | |
TOTAL CHINA | 21,314,561 | ||
Denmark - 1.9% | |||
DSV A/S | 2,126 | 317,073 | |
Novo Nordisk A/S Series B | 36,386 | 3,510,384 | |
Spar Nord Bank A/S | 3,579 | 54,189 | |
Vestas Wind Systems A/S (a) | 17,065 | 369,880 | |
TOTAL DENMARK | 4,251,526 | ||
Egypt - 0.0% | |||
Integrated Diagnostics Holdings PLC (a)(c) | 60,949 | 23,222 | |
Finland - 0.5% | |||
Kone OYJ (B Shares) | 7,972 | 344,914 | |
Mandatum Holding OY | 15,224 | 58,828 | |
Musti Group OYJ | 4,187 | 82,447 | |
Sampo Oyj (A Shares) | 16,351 | 642,040 | |
TOTAL FINLAND | 1,128,229 | ||
France - 8.4% | |||
Air Liquide SA | 5,207 | 892,231 | |
Airbus Group NV | 17,230 | 2,310,133 | |
ALTEN | 2,489 | 293,121 | |
AXA SA | 51,320 | 1,520,633 | |
BNP Paribas SA | 16,581 | 953,474 | |
Capgemini SA | 3,197 | 565,002 | |
Edenred SA | 16,961 | 901,629 | |
Laurent-Perrier Group SA | 269 | 33,586 | |
Lectra | 8,953 | 226,409 | |
Legrand SA | 12,547 | 1,085,396 | |
LISI | 1,147 | 26,518 | |
LVMH Moet Hennessy Louis Vuitton SE | 4,856 | 3,476,559 | |
Safran SA | 15,600 | 2,437,025 | |
Teleperformance | 628 | 71,864 | |
TotalEnergies SE | 41,046 | 2,744,232 | |
Vetoquinol SA | 1,238 | 104,401 | |
VINCI SA | 6,728 | 743,945 | |
Vivendi SA | 46,951 | 420,084 | |
TOTAL FRANCE | 18,806,242 | ||
Germany - 3.9% | |||
Bayer AG | 11,683 | 504,806 | |
Covestro AG (a)(c) | 4,267 | 215,361 | |
CTS Eventim AG | 5,036 | 303,996 | |
Deutsche Borse AG | 4,746 | 781,175 | |
DHL Group | 16,696 | 649,404 | |
Fresenius SE & Co. KGaA | 12,831 | 329,094 | |
Hannover Reuck SE | 4,054 | 893,511 | |
Infineon Technologies AG | 8,068 | 235,668 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2,339 | 936,748 | |
Nexus AG | 1,420 | 69,190 | |
Rheinmetall AG | 3,960 | 1,132,997 | |
RWE AG | 19,300 | 737,823 | |
Scout24 AG (c) | 1,301 | 79,870 | |
Siemens AG | 10,057 | 1,334,552 | |
Stabilus Se | 831 | 52,669 | |
Vonovia SE | 14,534 | 334,603 | |
TOTAL GERMANY | 8,591,467 | ||
Greece - 0.5% | |||
National Bank of Greece SA (a) | 189,452 | 1,082,479 | |
Hong Kong - 1.1% | |||
AIA Group Ltd. | 140,700 | 1,221,812 | |
Pacific Basin Shipping Ltd. | 2,103,339 | 608,651 | |
Prudential PLC | 62,340 | 651,851 | |
TOTAL HONG KONG | 2,482,314 | ||
Hungary - 0.5% | |||
Richter Gedeon PLC | 49,772 | 1,167,016 | |
India - 4.4% | |||
Axis Bank Ltd. | 76,909 | 907,242 | |
Bharat Heavy Electricals Ltd. | 598,571 | 869,200 | |
Embassy Office Parks (REIT) | 6,800 | 25,439 | |
HDFC Bank Ltd. | 195,626 | 3,470,262 | |
Jio Financial Services Ltd. | 2,800 | 7,429 | |
Kotak Mahindra Bank Ltd. | 15,203 | 317,722 | |
Larsen & Toubro Ltd. | 22,435 | 789,273 | |
Reliance Industries Ltd. | 2,800 | 76,971 | |
Reliance Industries Ltd. GDR (c) | 13,176 | 719,410 | |
Shree Cement Ltd. | 3,059 | 942,543 | |
Solar Industries India Ltd. | 15,478 | 1,022,155 | |
Zomato Ltd. (a) | 526,300 | 665,480 | |
TOTAL INDIA | 9,813,126 | ||
Indonesia - 0.2% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 1,256,388 | 392,852 | |
Ireland - 0.6% | |||
AerCap Holdings NV (a) | 1,652 | 102,622 | |
Bank of Ireland Group PLC | 65,742 | 587,796 | |
Cairn Homes PLC | 47,204 | 55,366 | |
Irish Residential Properties REIT PLC | 39,729 | 38,254 | |
Ryanair Holdings PLC sponsored ADR (a) | 5,660 | 496,382 | |
TOTAL IRELAND | 1,280,420 | ||
Israel - 0.3% | |||
Ituran Location & Control Ltd. | 3,915 | 96,818 | |
NICE Ltd. sponsored ADR (a) | 4,117 | 635,459 | |
Tel Aviv Stock Exchange Ltd. (a) | 7,200 | 32,063 | |
TOTAL ISRAEL | 764,340 | ||
Italy - 1.7% | |||
Eni SpA | 77,307 | 1,263,789 | |
Interpump Group SpA | 14,603 | 608,787 | |
Mediobanca SpA | 57,552 | 686,295 | |
Prada SpA | 82,900 | 499,394 | |
Prysmian SpA | 8,517 | 318,028 | |
UniCredit SpA | 17,440 | 437,214 | |
TOTAL ITALY | 3,813,507 | ||
Japan - 12.4% | |||
Ai Holdings Corp. | 1,450 | 22,447 | |
Aoki Super Co. Ltd. | 1,900 | 32,379 | |
Artnature, Inc. | 5,300 | 28,307 | |
Aucnet, Inc. | 3,400 | 39,586 | |
Azbil Corp. | 39,800 | 1,176,037 | |
Broadleaf Co. Ltd. | 27,600 | 97,544 | |
Central Automotive Products Ltd. | 1,100 | 24,636 | |
Curves Holdings Co. Ltd. | 24,300 | 106,001 | |
Daiichi Sankyo Kabushiki Kaisha | 3,901 | 100,584 | |
Daiichikosho Co. Ltd. | 7,200 | 106,427 | |
Daikokutenbussan Co. Ltd. | 700 | 29,665 | |
DENSO Corp. | 57,955 | 855,783 | |
Digital Hearts Holdings Co. Ltd. | 4,900 | 29,826 | |
Eisai Co. Ltd. | 3,706 | 196,338 | |
Fast Retailing Co. Ltd. | 1,644 | 363,976 | |
FUJIFILM Holdings Corp. | 8,212 | 449,178 | |
Fujitec Co. Ltd. | 2,200 | 47,762 | |
Fujitsu Ltd. | 3,932 | 509,381 | |
Funai Soken Holdings, Inc. | 3,250 | 53,417 | |
Goldcrest Co. Ltd. | 6,560 | 93,548 | |
Hitachi Ltd. | 26,557 | 1,683,359 | |
Hoya Corp. | 12,341 | 1,188,051 | |
Ibiden Co. Ltd. | 6,912 | 294,703 | |
INPEX Corp. | 35,442 | 514,294 | |
Itochu Corp. | 27,959 | 1,007,112 | |
Keyence Corp. | 5,384 | 2,084,247 | |
Kobayashi Pharmaceutical Co. Ltd. | 1,600 | 66,053 | |
Koshidaka Holdings Co. Ltd. | 15,300 | 108,854 | |
Kusuri No Aoki Holdings Co. Ltd. | 800 | 52,414 | |
Lasertec Corp. | 5,750 | 949,786 | |
LY Corp. | 67,344 | 171,693 | |
Medikit Co. Ltd. | 3,300 | 58,298 | |
Minebea Mitsumi, Inc. | 17,657 | 276,849 | |
Miroku Jyoho Service Co., Ltd. | 2,400 | 24,580 | |
Misumi Group, Inc. | 43,624 | 660,409 | |
Mitsubishi UFJ Financial Group, Inc. | 183,769 | 1,541,665 | |
Mitsuboshi Belting Ltd. | 900 | 25,982 | |
Nagaileben Co. Ltd. | 7,400 | 102,119 | |
Nihon Parkerizing Co. Ltd. | 17,800 | 129,185 | |
NOF Corp. | 3,465 | 136,698 | |
NS Tool Co. Ltd. | 5,600 | 40,161 | |
NSD Co. Ltd. | 5,200 | 90,474 | |
OBIC Co. Ltd. | 1,450 | 214,334 | |
ORIX Corp. | 44,172 | 803,328 | |
OSG Corp. | 21,080 | 240,535 | |
Paramount Bed Holdings Co. Ltd. | 2,400 | 40,890 | |
ProNexus, Inc. | 5,100 | 39,720 | |
Recruit Holdings Co. Ltd. | 34,800 | 997,810 | |
Renesas Electronics Corp. (a) | 48,057 | 631,259 | |
San-Ai Obbli Co. Ltd. | 6,300 | 68,024 | |
Shin-Etsu Chemical Co. Ltd. | 32,435 | 969,916 | |
SHO-BOND Holdings Co. Ltd. | 17,880 | 704,169 | |
Shoei Co. Ltd. | 5,500 | 73,281 | |
SK Kaken Co. Ltd. | 2,100 | 98,154 | |
SoftBank Group Corp. | 7,821 | 320,302 | |
Software Service, Inc. | 800 | 45,583 | |
Sony Group Corp. | 5,999 | 498,750 | |
Sumitomo Mitsui Financial Group, Inc. | 26,440 | 1,274,619 | |
Suzuki Motor Corp. | 18,187 | 705,874 | |
Techno Medica Co. Ltd. | 500 | 7,556 | |
The Monogatari Corp. | 3,160 | 85,575 | |
TIS, Inc. | 12,774 | 273,553 | |
Tocalo Co. Ltd. | 4,600 | 41,578 | |
Tokio Marine Holdings, Inc. | 47,465 | 1,061,898 | |
Toyota Motor Corp. | 128,312 | 2,244,658 | |
USS Co. Ltd. | 26,200 | 457,947 | |
YAKUODO Holdings Co. Ltd. | 2,800 | 51,574 | |
YONEX Co. Ltd. | 4,500 | 48,752 | |
TOTAL JAPAN | 27,569,447 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 142,245 | 11,763 | |
Korea (South) - 3.7% | |||
BGF Retail Co. Ltd. | 491 | 50,136 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 13,407 | 689,871 | |
Hyundai Motor Co. Ltd. | 8,558 | 1,076,574 | |
Korea Aerospace Industries Ltd. | 36,797 | 1,209,000 | |
Samsung Electronics Co. Ltd. | 104,169 | 5,177,313 | |
TOTAL KOREA (SOUTH) | 8,202,894 | ||
Luxembourg - 0.1% | |||
ArcelorMittal SA (Netherlands) | 9,412 | 207,941 | |
Mexico - 0.6% | |||
Grupo Financiero Banorte S.A.B. de CV Series O | 90,709 | 736,177 | |
Wal-Mart de Mexico SA de CV Series V | 189,533 | 678,383 | |
TOTAL MEXICO | 1,414,560 | ||
Netherlands - 3.8% | |||
Aalberts Industries NV | 13,075 | 407,016 | |
ASML Holding NV (Netherlands) | 6,127 | 3,683,065 | |
BE Semiconductor Industries NV | 1,144 | 117,778 | |
IMCD NV | 3,942 | 473,412 | |
Shell PLC ADR | 52,459 | 3,417,179 | |
Universal Music Group NV | 10,768 | 263,696 | |
TOTAL NETHERLANDS | 8,362,146 | ||
Norway - 0.2% | |||
Kongsberg Gruppen ASA | 4,525 | 184,711 | |
Medistim ASA | 1,929 | 33,414 | |
Schibsted ASA (B Shares) | 8,710 | 161,398 | |
Volue A/S (a) | 10,613 | 17,804 | |
TOTAL NORWAY | 397,327 | ||
Peru - 0.4% | |||
Credicorp Ltd. (United States) | 8,061 | 1,007,303 | |
Russia - 0.1% | |||
LUKOIL PJSC sponsored ADR (a)(b) | 15,040 | 4,255 | |
Sberbank of Russia sponsored ADR (a)(b) | 62,556 | 1,114 | |
Yandex NV Series A (a)(b) | 15,421 | 168,089 | |
TOTAL RUSSIA | 173,458 | ||
Singapore - 0.3% | |||
United Overseas Bank Ltd. | 38,255 | 754,568 | |
South Africa - 1.4% | |||
Absa Group Ltd. | 109,918 | 1,002,134 | |
Anglo American PLC (United Kingdom) | 25,210 | 642,341 | |
Impala Platinum Holdings Ltd. | 132,395 | 551,504 | |
MTN Group Ltd. | 178,892 | 873,271 | |
Thungela Resources Ltd. (d) | 4,647 | 41,096 | |
TOTAL SOUTH AFRICA | 3,110,346 | ||
Spain - 1.4% | |||
Amadeus IT Holding SA Class A | 22,876 | 1,302,718 | |
Banco Santander SA (Spain) | 378,893 | 1,389,543 | |
Cellnex Telecom SA (c) | 7,378 | 216,884 | |
Fluidra SA | 1,601 | 28,155 | |
Unicaja Banco SA (c) | 147,836 | 153,610 | |
TOTAL SPAIN | 3,090,910 | ||
Sweden - 3.1% | |||
Addlife AB | 4,952 | 32,252 | |
AddTech AB (B Shares) | 24,909 | 364,627 | |
ASSA ABLOY AB (B Shares) | 35,792 | 762,909 | |
Atlas Copco AB (A Shares) | 151,993 | 1,968,161 | |
Autoliv, Inc. | 8,355 | 765,736 | |
Bergman & Beving AB (B Shares) | 5,200 | 69,691 | |
Epiroc AB (A Shares) | 56,837 | 936,374 | |
Hemnet Group AB | 6,082 | 105,540 | |
Investor AB (B Shares) | 60,573 | 1,109,176 | |
INVISIO AB | 4,673 | 70,163 | |
John Mattson Fastighetsforetag (a) | 4,823 | 23,073 | |
Lagercrantz Group AB (B Shares) | 53,594 | 488,290 | |
Sandvik AB | 8,455 | 144,014 | |
Teqnion AB (a) | 500 | 9,205 | |
TOTAL SWEDEN | 6,849,211 | ||
Switzerland - 1.8% | |||
Schindler Holding AG: | |||
(participation certificate) | 1,868 | 376,208 | |
(Reg.) | 107 | 20,761 | |
Swiss Life Holding AG | 867 | 554,522 | |
Tecan Group AG | 366 | 104,773 | |
UBS Group AG | 15,290 | 356,680 | |
UBS Group AG | 64,075 | 1,503,200 | |
Zurich Insurance Group Ltd. | 2,129 | 1,007,802 | |
TOTAL SWITZERLAND | 3,923,946 | ||
Taiwan - 4.3% | |||
Addcn Technology Co. Ltd. | 10,354 | 63,282 | |
ECLAT Textile Co. Ltd. | 67,873 | 1,079,451 | |
HIWIN Technologies Corp. | 108,888 | 659,369 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 427,821 | 6,982,008 | |
Yageo Corp. | 51,171 | 833,626 | |
TOTAL TAIWAN | 9,617,736 | ||
United Kingdom - 5.5% | |||
AstraZeneca PLC (United Kingdom) | 7,478 | 936,274 | |
B&M European Value Retail SA | 53,725 | 345,307 | |
BAE Systems PLC | 183,898 | 2,472,763 | |
Barratt Developments PLC | 98,961 | 497,848 | |
Beazley PLC | 44,530 | 278,468 | |
Bodycote PLC | 21,381 | 149,168 | |
Clarkson PLC | 1,903 | 61,179 | |
Compass Group PLC | 60,669 | 1,529,550 | |
Dechra Pharmaceuticals PLC | 1,176 | 54,430 | |
Howden Joinery Group PLC | 16,094 | 124,724 | |
HSBC Holdings PLC (United Kingdom) | 48,422 | 349,627 | |
Imperial Brands PLC | 15,920 | 339,163 | |
InterContinental Hotel Group PLC ADR | 15,667 | 1,130,061 | |
Lloyds Banking Group PLC | 1,314,033 | 639,540 | |
NatWest Group PLC | 73,764 | 160,497 | |
Rightmove PLC | 54,726 | 314,624 | |
Rolls-Royce Holdings PLC (a) | 97,312 | 256,147 | |
Sage Group PLC | 38,500 | 454,191 | |
Spectris PLC | 26,761 | 1,008,326 | |
Spirax-Sarco Engineering PLC | 715 | 71,192 | |
Standard Chartered PLC (United Kingdom) | 137,807 | 1,055,234 | |
Unite Group PLC | 4,000 | 42,225 | |
TOTAL UNITED KINGDOM | 12,270,538 | ||
United States of America - 11.1% | |||
CRH PLC | 19,516 | 1,048,693 | |
CRH PLC | 29,993 | 1,606,725 | |
Experian PLC | 38,939 | 1,178,951 | |
Ferguson PLC | 2,970 | 445,099 | |
Linde PLC | 9,770 | 3,733,703 | |
Marsh & McLennan Companies, Inc. | 10,325 | 1,958,136 | |
MasterCard, Inc. Class A | 3,370 | 1,268,300 | |
Microsoft Corp. | 1,200 | 405,732 | |
Moody's Corp. | 3,437 | 1,058,596 | |
Morningstar, Inc. | 958 | 242,604 | |
MSCI, Inc. | 2,121 | 1,000,158 | |
Nestle SA (Reg. S) | 29,628 | 3,195,047 | |
NOV, Inc. | 21,616 | 431,455 | |
Otis Worldwide Corp. | 5,124 | 395,624 | |
PriceSmart, Inc. | 3,322 | 207,592 | |
ResMed, Inc. | 4,381 | 618,685 | |
Roche Holding AG (participation certificate) | 3,183 | 820,290 | |
S&P Global, Inc. | 3,028 | 1,057,711 | |
Sanofi SA | 14,932 | 1,355,918 | |
Sherwin-Williams Co. | 4,383 | 1,044,074 | |
Synopsys, Inc. (a) | 700 | 328,608 | |
Visa, Inc. Class A | 5,402 | 1,270,010 | |
TOTAL UNITED STATES OF AMERICA | 24,671,711 | ||
TOTAL COMMON STOCKS (Cost $200,116,994) | 213,854,304 | ||
Preferred Stocks - 1.7% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.1% | |||
ByteDance Ltd. Series E1 (a)(b)(e) | 577 | 134,816 | |
Nonconvertible Preferred Stocks - 1.6% | |||
Brazil - 1.4% | |||
Gerdau SA sponsored ADR | 163,566 | 709,876 | |
Itau Unibanco Holding SA | 247,683 | 1,317,570 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 69,628 | 1,044,420 | |
3,071,866 | |||
Germany - 0.2% | |||
Porsche Automobil Holding SE (Germany) | 10,376 | 464,410 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 3,536,276 | ||
TOTAL PREFERRED STOCKS (Cost $3,425,512) | 3,671,092 | ||
Money Market Funds - 2.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 5,161,253 | 5,162,285 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 21,695 | 21,697 | |
TOTAL MONEY MARKET FUNDS (Cost $5,183,979) | 5,183,982 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $208,726,485) | 222,709,378 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (7,825) |
NET ASSETS - 100.0% | 222,701,553 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $4,709,041 or 2.1% of net assets. |
(d) | Security or a portion of the security is on loan at period end. |
(e) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $134,816 or 0.1% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 5,394,098 | 127,837,341 | 128,069,153 | 278,420 | - | (1) | 5,162,285 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 2,836,886 | 34,348,464 | 37,163,653 | 16,776 | - | - | 21,697 | 0.0% |
Total | 8,230,984 | 162,185,805 | 165,232,806 | 295,196 | - | (1) | 5,183,982 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 9,092,219 | 2,270,546 | 6,518,768 | 302,905 |
Consumer Discretionary | 27,523,178 | 5,688,517 | 21,834,661 | - |
Consumer Staples | 7,468,853 | 1,529,775 | 5,939,078 | - |
Energy | 14,349,556 | 9,008,502 | 5,336,799 | 4,255 |
Financials | 49,375,134 | 28,436,613 | 20,937,407 | 1,114 |
Health Care | 12,790,111 | 2,762,125 | 10,027,986 | - |
Industrials | 41,785,771 | 15,174,326 | 26,611,445 | - |
Information Technology | 30,042,421 | 5,718,390 | 24,324,031 | - |
Materials | 23,803,188 | 14,536,564 | 9,266,624 | - |
Real Estate | 557,142 | 103,552 | 453,590 | - |
Utilities | 737,823 | 737,823 | - | - |
Money Market Funds | 5,183,982 | 5,183,982 | - | - |
Total Investments in Securities: | 222,709,378 | 91,150,715 | 131,250,389 | 308,274 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $19,548) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $203,542,506) | $ | 217,525,396 | ||
Fidelity Central Funds (cost $5,183,979) | 5,183,982 | |||
Total Investment in Securities (cost $208,726,485) | $ | 222,709,378 | ||
Foreign currency held at value (cost $49,686) | 49,589 | |||
Receivable for investments sold | 666,552 | |||
Receivable for fund shares sold | 212,961 | |||
Dividends receivable | 450,177 | |||
Reclaims receivable | 241,688 | |||
Interest receivable | 220 | |||
Distributions receivable from Fidelity Central Funds | 23,130 | |||
Prepaid expenses | 332 | |||
Receivable from investment adviser for expense reductions | 29,889 | |||
Other receivables | 18,671 | |||
Total assets | 224,402,587 | |||
Liabilities | ||||
Payable to custodian bank | $ | 349,535 | ||
Payable for investments purchased | 639,387 | |||
Payable for fund shares redeemed | 262,659 | |||
Accrued management fee | 133,632 | |||
Distribution and service plan fees payable | 10,528 | |||
Other affiliated payables | 40,283 | |||
Deferred taxes | 163,089 | |||
Other payables and accrued expenses | 80,224 | |||
Collateral on securities loaned | 21,697 | |||
Total Liabilities | 1,701,034 | |||
Net Assets | $ | 222,701,553 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 217,254,808 | ||
Total accumulated earnings (loss) | 5,446,745 | |||
Net Assets | $ | 222,701,553 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($17,342,850 ÷ 1,814,623 shares)(a) | $ | 9.56 | ||
Maximum offering price per share (100/94.25 of $9.56) | $ | 10.14 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($10,624,256 ÷ 1,104,868 shares)(a) | $ | 9.62 | ||
Maximum offering price per share (100/96.50 of $9.62) | $ | 9.97 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,474,799 ÷ 259,720 shares)(a) | $ | 9.53 | ||
Total International Equity : | ||||
Net Asset Value, offering price and redemption price per share ($108,560,514 ÷ 11,303,597 shares) | $ | 9.60 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($57,298,511 ÷ 5,990,936 shares) | $ | 9.56 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($26,400,623 ÷ 2,742,410 shares) | $ | 9.63 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 5,782,107 | ||
Non-Cash dividends | 290,960 | |||
Interest | 336 | |||
Income from Fidelity Central Funds (including $16,776 from security lending) | 295,196 | |||
Income before foreign taxes withheld | $ | 6,368,599 | ||
Less foreign taxes withheld | (552,583) | |||
Total Income | 5,816,016 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 1,491,966 | ||
Performance adjustment | 146,708 | |||
Transfer agent fees | 377,468 | |||
Distribution and service plan fees | 127,139 | |||
Accounting fees | 110,127 | |||
Custodian fees and expenses | 103,713 | |||
Independent trustees' fees and expenses | 1,141 | |||
Registration fees | 91,641 | |||
Audit | 94,776 | |||
Legal | 1,801 | |||
Miscellaneous | 785 | |||
Total expenses before reductions | 2,547,265 | |||
Expense reductions | (140,538) | |||
Total expenses after reductions | 2,406,727 | |||
Net Investment income (loss) | 3,409,289 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $134,221) | (5,183,625) | |||
Foreign currency transactions | (52,665) | |||
Total net realized gain (loss) | (5,236,290) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $7,031) | 20,067,579 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 13,226 | |||
Total change in net unrealized appreciation (depreciation) | 20,080,804 | |||
Net gain (loss) | 14,844,514 | |||
Net increase (decrease) in net assets resulting from operations | $ | 18,253,803 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,409,289 | $ | 2,446,814 |
Net realized gain (loss) | (5,236,290) | (5,086,496) | ||
Change in net unrealized appreciation (depreciation) | 20,080,804 | (39,932,764) | ||
Net increase (decrease) in net assets resulting from operations | 18,253,803 | (42,572,446) | ||
Distributions to shareholders | (1,806,040) | (9,629,532) | ||
Share transactions - net increase (decrease) | 52,136,162 | 88,690,287 | ||
Total increase (decrease) in net assets | 68,583,925 | 36,488,309 | ||
Net Assets | ||||
Beginning of period | 154,117,628 | 117,629,319 | ||
End of period | $ | 222,701,553 | $ | 154,117,628 |
Fidelity Advisor® Total International Equity Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 8.56 | $ | 12.48 | $ | 9.60 | $ | 9.34 | $ | 8.20 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .13 | .15 | .11 C | .05 | .14 | |||||
Net realized and unrealized gain (loss) | .95 | (3.10) | 3.03 | .35 | 1.05 | |||||
Total from investment operations | 1.08 | (2.95) | 3.14 | .40 | 1.19 | |||||
Distributions from net investment income | (.08) | (.19) | (.06) | (.14) | (.05) | |||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | |||||
Total distributions | (.08) | (.97) D | (.26) | (.14) | (.05) | |||||
Net asset value, end of period | $ | 9.56 | $ | 8.56 | $ | 12.48 | $ | 9.60 | $ | 9.34 |
Total Return E,F | 12.66% | (25.44)% | 33.04% | 4.31% | 14.63% | |||||
Ratios to Average Net Assets A,G,H | ||||||||||
Expenses before reductions | 1.39% | 1.56% | 1.60% | 1.66% | 1.51% | |||||
Expenses net of fee waivers, if any | 1.29% | 1.30% | 1.34% | 1.39% | 1.45% | |||||
Expenses net of all reductions | 1.29% | 1.30% | 1.34% | 1.37% | 1.44% | |||||
Net investment income (loss) | 1.33% | 1.55% | .91% C | .58% | 1.55% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 17,343 | $ | 12,786 | $ | 8,642 | $ | 6,091 | $ | 7,249 |
Portfolio turnover rate I | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 8.61 | $ | 12.53 | $ | 9.65 | $ | 9.38 | $ | 8.22 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .11 | .13 | .08 C | .03 | .11 | |||||
Net realized and unrealized gain (loss) | .95 | (3.12) | 3.04 | .36 | 1.07 | |||||
Total from investment operations | 1.06 | (2.99) | 3.12 | .39 | 1.18 | |||||
Distributions from net investment income | (.05) | (.15) | (.04) | (.12) | (.02) | |||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | |||||
Total distributions | (.05) | (.93) D | (.24) | (.12) | (.02) | |||||
Net asset value, end of period | $ | 9.62 | $ | 8.61 | $ | 12.53 | $ | 9.65 | $ | 9.38 |
Total Return E,F | 12.34% | (25.59)% | 32.63% | 4.13% | 14.38% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.66% | 1.80% | 1.83% | 1.90% | 1.76% | |||||
Expenses net of fee waivers, if any | 1.54% | 1.55% | 1.59% | 1.64% | 1.70% | |||||
Expenses net of all reductions | 1.54% | 1.55% | 1.59% | 1.62% | 1.69% | |||||
Net investment income (loss) | 1.09% | 1.29% | .65% C | .33% | 1.30% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 10,624 | $ | 9,876 | $ | 12,936 | $ | 10,620 | $ | 11,733 |
Portfolio turnover rate I | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 8.53 | $ | 12.41 | $ | 9.57 | $ | 9.30 | $ | 8.17 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .06 | .08 | .02 C | (.02) | .07 | |||||
Net realized and unrealized gain (loss) | .95 | (3.11) | 3.02 | .36 | 1.06 | |||||
Total from investment operations | 1.01 | (3.03) | 3.04 | .34 | 1.13 | |||||
Distributions from net investment income | (.01) | (.07) | - | (.07) | - | |||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | |||||
Total distributions | (.01) | (.85) D | (.20) | (.07) | - | |||||
Net asset value, end of period | $ | 9.53 | $ | 8.53 | $ | 12.41 | $ | 9.57 | $ | 9.30 |
Total Return E,F | 11.82% | (26.04)% | 32.00% | 3.62% | 13.83% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 2.18% | 2.34% | 2.40% | 2.46% | 2.33% | |||||
Expenses net of fee waivers, if any | 2.04% | 2.05% | 2.10% | 2.14% | 2.20% | |||||
Expenses net of all reductions | 2.04% | 2.05% | 2.10% | 2.12% | 2.19% | |||||
Net investment income (loss) | .58% | .79% | .15% C | (.17)% | .80% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,475 | $ | 1,893 | $ | 1,982 | $ | 1,827 | $ | 2,203 |
Portfolio turnover rate I | 28% | 31% | 39% | 37% | 69% |
Fidelity® Total International Equity Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 8.60 | $ | 12.54 | $ | 9.64 | $ | 9.37 | $ | 8.23 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .16 | .18 | .14 C | .08 | .16 | |||||
Net realized and unrealized gain (loss) | .94 | (3.12) | 3.04 | .35 | 1.06 | |||||
Total from investment operations | 1.10 | (2.94) | 3.18 | .43 | 1.22 | |||||
Distributions from net investment income | (.10) | (.23) | (.08) | (.16) | (.08) | |||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | |||||
Total distributions | (.10) | (1.00) | (.28) | (.16) | (.08) | |||||
Net asset value, end of period | $ | 9.60 | $ | 8.60 | $ | 12.54 | $ | 9.64 | $ | 9.37 |
Total Return D | 12.80% | (25.25)% | 33.37% | 4.65% | 14.97% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.11% | 1.23% | 1.27% | 1.34% | 1.20% | |||||
Expenses net of fee waivers, if any | 1.04% | 1.05% | 1.09% | 1.14% | 1.20% | |||||
Expenses net of all reductions | 1.04% | 1.05% | 1.09% | 1.12% | 1.19% | |||||
Net investment income (loss) | 1.58% | 1.79% | 1.16% C | .83% | 1.81% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 108,561 | $ | 86,458 | $ | 82,604 | $ | 61,362 | $ | 70,251 |
Portfolio turnover rate G | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 8.56 | $ | 12.49 | $ | 9.60 | $ | 9.35 | $ | 8.19 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .16 | .17 | .14 C | .08 | .16 | |||||
Net realized and unrealized gain (loss) | .94 | (3.10) | 3.03 | .34 | 1.07 | |||||
Total from investment operations | 1.10 | (2.93) | 3.17 | .42 | 1.23 | |||||
Distributions from net investment income | (.10) | (.23) | (.08) | (.17) | (.07) | |||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | |||||
Total distributions | (.10) | (1.00) | (.28) | (.17) | (.07) | |||||
Net asset value, end of period | $ | 9.56 | $ | 8.56 | $ | 12.49 | $ | 9.60 | $ | 9.35 |
Total Return D | 12.86% | (25.28)% | 33.40% | 4.50% | 15.11% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.09% | 1.22% | 1.26% | 1.33% | 1.18% | |||||
Expenses net of fee waivers, if any | 1.04% | 1.04% | 1.06% | 1.14% | 1.18% | |||||
Expenses net of all reductions | 1.04% | 1.04% | 1.06% | 1.13% | 1.17% | |||||
Net investment income (loss) | 1.58% | 1.80% | 1.18% C | .82% | 1.82% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 57,299 | $ | 35,423 | $ | 5,714 | $ | 2,073 | $ | 3,086 |
Portfolio turnover rate G | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 8.61 | $ | 12.53 | $ | 9.62 | $ | 9.36 | $ | 8.22 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .17 | .19 | .16 C | .09 | .18 | |||||
Net realized and unrealized gain (loss) | .95 | (3.11) | 3.03 | .35 | 1.05 | |||||
Total from investment operations | 1.12 | (2.92) | 3.19 | .44 | 1.23 | |||||
Distributions from net investment income | (.10) | (.23) | (.08) | (.18) | (.09) | |||||
Distributions from net realized gain | - | (.77) | (.20) | - | - | |||||
Total distributions | (.10) | (1.00) | (.28) | (.18) | (.09) | |||||
Net asset value, end of period | $ | 9.63 | $ | 8.61 | $ | 12.53 | $ | 9.62 | $ | 9.36 |
Total Return D | 13.04% | (25.09)% | 33.54% | 4.74% | 15.13% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .95% | 1.10% | 1.16% | 1.22% | 1.09% | |||||
Expenses net of fee waivers, if any | .89% | .90% | .94% | .98% | 1.04% | |||||
Expenses net of all reductions | .89% | .90% | .94% | .97% | 1.03% | |||||
Net investment income (loss) | 1.74% | 1.94% | 1.31% C | .99% | 1.97% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 26,401 | $ | 7,681 | $ | 5,752 | $ | 3,422 | $ | 3,815 |
Portfolio turnover rate G | 28% | 31% | 39% | 37% | 69% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $32,352,636 |
Gross unrealized depreciation | (21,223,267) |
Net unrealized appreciation (depreciation) | $11,129,369 |
Tax Cost | $211,580,009 |
Undistributed ordinary income | $2,966,779 |
Capital loss carryforward | $(8,472,046) |
Net unrealized appreciation (depreciation) on securities and other investments | $11,115,101 |
Short-term | $(4,386,318) |
Long-term | (4,085,728) |
Total capital loss carryforward | $(8,472,046) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $1,806,040 | $2,799,884 |
Long-term Capital Gains | - | 6,829,648 |
Total | $1,806,040 | $9,629,532 |
Purchases ($) | Sales ($) | |
Fidelity Total International Equity Fund | 113,724,355 | 59,312,362 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $45,677 | $2,148 |
Class M | .25% | .25% | 56,338 | 161 |
Class C | .75% | .25% | 25,124 | 7,279 |
$127,139 | $9,588 |
Retained by FDC | |
Class A | $7,879 |
Class M | 493 |
Class CA | 151 |
$8,523 |
Amount | % of Class-Level Average Net Assets | |
Class A | $39,741 | .22 |
Class M | 25,921 | .23 |
Class C | 6,431 | .26 |
Total International Equity | 201,785 | .18 |
Class I | 95,141 | .17 |
Class Z | 8,449 | .04 |
$377,468 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
Total International Equity | 0.1875% |
Class I | 0.1643% |
% of Average Net Assets | |
Fidelity Total International Equity Fund | .05 |
% of Average Net Assets | |
Fidelity Total International Equity Fund | 0.0497% |
Amount | |
Fidelity Total International Equity Fund | $263 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Total International Equity Fund | 9,121,561 | 1,657,333 | (286,531) |
Amount | |
Fidelity Total International Equity Fund | $387 |
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 | $1,792 | $- | $- |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $16,919 |
Class M | 1.55% | 12,450 |
Class C | 2.05% | 3,277 |
Total International Equity | 1.05% | 62,187 |
Class I | 1.05% | 20,688 |
Class Z | .90% | 11,137 |
$126,658 |
Expense reduction | |
Class A | $88 |
Class M | 233 |
$321 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Total International Equity Fund | ||||
Class A | ||||
Shares sold | 883,201 | 888,736 | $8,694,442 | $8,539,920 |
Reinvestment of distributions | 14,206 | 60,242 | 135,808 | 667,482 |
Shares redeemed | (575,856) | (148,110) | (5,858,395) | (1,522,197) |
Net increase (decrease) | 321,551 | 800,868 | $2,971,855 | $7,685,205 |
Class M | ||||
Shares sold | 117,155 | 208,686 | $1,168,097 | $2,095,684 |
Reinvestment of distributions | 6,291 | 85,446 | 60,649 | 954,432 |
Shares redeemed | (165,757) | (179,080) | (1,635,862) | (1,802,328) |
Net increase (decrease) | (42,311) | 115,052 | $(407,116) | $1,247,788 |
Class C | ||||
Shares sold | 113,803 | 104,691 | $1,148,641 | $1,089,289 |
Reinvestment of distributions | 183 | 12,220 | 1,757 | 135,883 |
Shares redeemed | (76,111) | (54,762) | (745,659) | (553,236) |
Net increase (decrease) | 37,875 | 62,149 | $404,739 | $671,936 |
Total International Equity | ||||
Shares sold | 4,599,531 | 4,897,322 | $45,831,869 | $50,896,948 |
Reinvestment of distributions | 97,973 | 561,002 | 939,562 | 6,227,120 |
Shares redeemed | (3,448,548) | (1,992,599) | (34,371,636) | (19,350,338) |
Net increase (decrease) | 1,248,956 | 3,465,725 | $12,399,795 | $37,773,730 |
Class I | ||||
Shares sold | 3,922,899 | 4,463,099 | $39,216,121 | $43,483,713 |
Reinvestment of distributions | 46,910 | 47,315 | 447,992 | 523,303 |
Shares redeemed | (2,115,326) | (831,499) | (21,232,217) | (8,050,707) |
Net increase (decrease) | 1,854,483 | 3,678,915 | $18,431,896 | $35,956,309 |
Class Z | ||||
Shares sold | 2,772,393 | 1,300,267 | $27,649,951 | $12,980,304 |
Reinvestment of distributions | 10,898 | 45,956 | 104,625 | 510,116 |
Shares redeemed | (933,308) | (912,726) | (9,419,583) | (8,135,101) |
Net increase (decrease) | 1,849,983 | 433,497 | $18,334,993 | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Total International Equity Fund | ||||||||||
Class A | 1.30% | |||||||||
Actual | $ 1,000 | $ 940.90 | $ 6.36 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.65 | $ 6.61 | |||||||
Class M | 1.54% | |||||||||
Actual | $ 1,000 | $ 939.50 | $ 7.53 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.44 | $ 7.83 | |||||||
Class C | 2.05% | |||||||||
Actual | $ 1,000 | $ 937.10 | $ 10.01 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.87 | $ 10.41 | |||||||
Fidelity® Total International Equity Fund | 1.05% | |||||||||
Actual | $ 1,000 | $ 941.20 | $ 5.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.91 | $ 5.35 | |||||||
Class I | 1.05% | |||||||||
Actual | $ 1,000 | $ 940.90 | $ 5.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.91 | $ 5.35 | |||||||
Class Z | .90% | |||||||||
Actual | $ 1,000 | $ 942.30 | $ 4.41 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.67 | $ 4.58 | |||||||
Pay Date | Income | Taxes | |
Fidelity Total International Equity Fund | |||
Class A | 12/12/2022 | $0.1036 | $0.0196 |
Class M | 12/12/2022 | $0.0726 | $0.0196 |
Class C | 12/12/2022 | $0.0276 | $0.0196 |
Total International Equity | 12/12/2022 | $0.1206 | $0.0196 |
Class I | 12/12/2022 | $0.1206 | $0.0196 |
Class Z | 12/12/2022 | 0.1216 | $0.0196 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 10.95% | 3.23% | 1.63% |
Class M (incl. 3.50% sales charge) | 13.34% | 3.44% | 1.59% |
Class C (incl. contingent deferred sales charge) | 15.74% | 3.64% | 1.60% |
Fidelity® International Value Fund | 17.96% | 4.77% | 2.58% |
Class I | 17.97% | 4.73% | 2.50% |
Class Z | 18.20% | 4.93% | 2.59% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® International Value Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Value Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Shell PLC ADR (Netherlands, Oil, Gas & Consumable Fuels) | 4.9 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.9 | |
BHP Group Ltd. (Australia, Metals & Mining) | 3.5 | |
Toyota Motor Corp. (Japan, Automobiles) | 3.2 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.4 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 2.3 | |
Mitsubishi UFJ Financial Group, Inc. (Japan, Banks) | 2.2 | |
AXA SA (France, Insurance) | 2.2 | |
UBS Group AG (Switzerland, Capital Markets) | 2.1 | |
Banco Santander SA (Spain) (Spain, Banks) | 2.0 | |
28.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 32.3 | |
Industrials | 15.5 | |
Energy | 13.0 | |
Materials | 12.8 | |
Consumer Discretionary | 8.9 | |
Health Care | 5.4 | |
Information Technology | 5.2 | |
Communication Services | 2.1 | |
Utilities | 1.0 | |
Consumer Staples | 0.5 | |
Real Estate | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.5% | |||
Shares | Value ($) | ||
Australia - 7.9% | |||
BHP Group Ltd. | 880,167 | 24,915,307 | |
Flutter Entertainment PLC (a) | 16,600 | 2,603,773 | |
Glencore PLC | 2,676,500 | 14,176,968 | |
Macquarie Group Ltd. | 76,944 | 7,909,072 | |
Woodside Energy Group Ltd. | 312,261 | 6,800,983 | |
TOTAL AUSTRALIA | 56,406,103 | ||
Belgium - 0.9% | |||
KBC Group NV | 75,616 | 4,152,482 | |
UCB SA | 31,900 | 2,331,009 | |
TOTAL BELGIUM | 6,483,491 | ||
Canada - 0.1% | |||
Nutrien Ltd. | 9,100 | 488,746 | |
Denmark - 0.5% | |||
DSV A/S | 22,500 | 3,355,662 | |
Finland - 1.0% | |||
Mandatum Holding OY | 150,534 | 581,691 | |
Sampo Oyj (A Shares) | 167,034 | 6,558,772 | |
TOTAL FINLAND | 7,140,463 | ||
France - 12.2% | |||
Air Liquide SA | 53,270 | 9,127,934 | |
Airbus Group NV | 29,900 | 4,008,879 | |
ALTEN | 25,600 | 3,014,823 | |
AXA SA | 530,405 | 15,716,126 | |
BNP Paribas SA | 170,300 | 9,792,936 | |
Capgemini SA | 32,693 | 5,777,794 | |
Teleperformance | 5,600 | 640,828 | |
TotalEnergies SE | 416,505 | 27,846,476 | |
VINCI SA | 68,500 | 7,574,346 | |
Vivendi SA | 483,392 | 4,325,050 | |
TOTAL FRANCE | 87,825,192 | ||
Germany - 10.3% | |||
Bayer AG | 117,100 | 5,059,723 | |
Covestro AG (a)(b) | 43,800 | 2,210,646 | |
DHL Group | 169,000 | 6,573,383 | |
Fresenius SE & Co. KGaA | 131,200 | 3,365,063 | |
Hannover Reuck SE | 42,100 | 9,278,934 | |
Infineon Technologies AG | 82,100 | 2,398,159 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 24,200 | 9,691,879 | |
Rheinmetall AG | 36,950 | 10,571,773 | |
RWE AG | 196,800 | 7,523,497 | |
Siemens AG | 103,339 | 13,712,968 | |
Vonovia SE | 148,429 | 3,417,145 | |
TOTAL GERMANY | 73,803,170 | ||
Hong Kong - 0.9% | |||
Prudential PLC | 629,066 | 6,577,759 | |
India - 0.7% | |||
Reliance Industries Ltd. GDR (b) | 89,800 | 4,903,080 | |
Indonesia - 0.6% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 12,914,594 | 4,038,186 | |
Ireland - 1.5% | |||
Bank of Ireland Group PLC | 673,400 | 6,020,832 | |
Ryanair Holdings PLC sponsored ADR (a) | 58,000 | 5,086,600 | |
TOTAL IRELAND | 11,107,432 | ||
Italy - 3.9% | |||
Eni SpA | 788,000 | 12,881,957 | |
Mediobanca SpA | 591,225 | 7,050,232 | |
Prysmian SpA | 87,400 | 3,263,546 | |
UniCredit SpA | 183,900 | 4,610,302 | |
TOTAL ITALY | 27,806,037 | ||
Japan - 24.3% | |||
Daiichi Sankyo Kabushiki Kaisha | 38,400 | 990,113 | |
DENSO Corp. | 598,400 | 8,836,174 | |
Eisai Co. Ltd. | 40,300 | 2,135,028 | |
Fast Retailing Co. Ltd. | 16,800 | 3,719,460 | |
FUJIFILM Holdings Corp. | 84,300 | 4,611,025 | |
Fujitsu Ltd. | 39,400 | 5,104,173 | |
Hitachi Ltd. | 272,200 | 17,253,840 | |
Hoya Corp. | 22,200 | 2,137,163 | |
Ibiden Co. Ltd. | 70,900 | 3,022,925 | |
INPEX Corp. | 363,500 | 5,274,703 | |
Itochu Corp. | 287,600 | 10,359,649 | |
LY Corp. | 683,400 | 1,742,319 | |
Minebea Mitsumi, Inc. | 168,770 | 2,646,196 | |
Mitsubishi UFJ Financial Group, Inc. | 1,892,361 | 15,875,295 | |
NOF Corp. | 35,900 | 1,416,289 | |
ORIX Corp. | 454,900 | 8,272,971 | |
Renesas Electronics Corp. (a) | 487,688 | 6,406,084 | |
Shin-Etsu Chemical Co. Ltd. | 335,100 | 10,020,622 | |
SoftBank Group Corp. | 80,700 | 3,304,994 | |
Sony Group Corp. | 61,800 | 5,137,983 | |
Sumitomo Mitsui Financial Group, Inc. | 268,800 | 12,958,305 | |
Suzuki Motor Corp. | 186,530 | 7,239,605 | |
TIS, Inc. | 107,401 | 2,299,977 | |
Tokio Marine Holdings, Inc. | 486,344 | 10,880,603 | |
Toyota Motor Corp. | 1,302,425 | 22,784,297 | |
TOTAL JAPAN | 174,429,793 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 120,710 | 5,999,419 | |
Luxembourg - 0.3% | |||
ArcelorMittal SA (Netherlands) | 98,232 | 2,170,252 | |
Netherlands - 5.3% | |||
Shell PLC ADR | 546,000 | 35,566,438 | |
Universal Music Group NV | 110,238 | 2,699,600 | |
TOTAL NETHERLANDS | 38,266,038 | ||
Singapore - 1.1% | |||
United Overseas Bank Ltd. | 387,505 | 7,643,420 | |
South Africa - 1.0% | |||
Anglo American PLC (United Kingdom) | 256,940 | 6,546,731 | |
Thungela Resources Ltd. | 43,581 | 385,414 | |
TOTAL SOUTH AFRICA | 6,932,145 | ||
Spain - 2.5% | |||
Banco Santander SA (Spain) | 3,964,182 | 14,538,140 | |
Cellnex Telecom SA (b) | 76,000 | 2,234,104 | |
Unicaja Banco SA (b) | 1,511,200 | 1,570,219 | |
TOTAL SPAIN | 18,342,463 | ||
Sweden - 1.8% | |||
Alleima AB | 3,256 | 19,806 | |
Investor AB (B Shares) | 613,760 | 11,238,800 | |
Sandvik AB | 86,700 | 1,476,763 | |
TOTAL SWEDEN | 12,735,369 | ||
Switzerland - 4.4% | |||
Swiss Life Holding AG | 8,893 | 5,687,844 | |
UBS Group AG | 653,958 | 15,341,855 | |
Zurich Insurance Group Ltd. | 21,971 | 10,400,388 | |
TOTAL SWITZERLAND | 31,430,087 | ||
United Kingdom - 9.1% | |||
AstraZeneca PLC (United Kingdom) | 76,912 | 9,629,671 | |
B&M European Value Retail SA | 569,000 | 3,657,133 | |
BAE Systems PLC | 1,218,696 | 16,387,052 | |
Barratt Developments PLC | 1,030,225 | 5,182,802 | |
Beazley PLC | 454,800 | 2,844,087 | |
HSBC Holdings PLC (United Kingdom) | 497,000 | 3,588,551 | |
Imperial Brands PLC | 163,752 | 3,488,604 | |
Lloyds Banking Group PLC | 11,568,954 | 5,630,610 | |
NatWest Group PLC | 793,944 | 1,727,477 | |
Rolls-Royce Holdings PLC (a) | 1,006,300 | 2,648,810 | |
Standard Chartered PLC (United Kingdom) | 1,411,049 | 10,804,875 | |
TOTAL UNITED KINGDOM | 65,589,672 | ||
United States of America - 5.4% | |||
CRH PLC | 199,502 | 10,720,249 | |
Ferguson PLC | 30,816 | 4,618,239 | |
Linde PLC | 25,114 | 9,597,566 | |
Sanofi SA | 151,479 | 13,755,235 | |
TOTAL UNITED STATES OF AMERICA | 38,691,289 | ||
TOTAL COMMON STOCKS (Cost $635,960,788) | 692,165,268 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
Shares | Value ($) | ||
Germany - 0.7% | |||
Porsche Automobil Holding SE (Germany) (Cost $7,360,495) | 107,200 | 4,798,069 | |
Money Market Funds - 2.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) (Cost $17,765,904) | 17,762,351 | 17,765,904 | |
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $661,087,187) | 714,729,241 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 2,454,505 |
NET ASSETS - 100.0% | 717,183,746 |
(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 $10,918,049 or 1.5% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 19,026,705 | 159,307,491 | 160,568,292 | 992,800 | - | - | 17,765,904 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 12,898,750 | 148,579,517 | 161,478,267 | 165,579 | - | - | - | 0.0% |
Total | 31,925,455 | 307,887,008 | 322,046,559 | 1,158,379 | - | - | 17,765,904 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 14,306,067 | 4,325,050 | 9,981,017 | - |
Consumer Discretionary | 63,959,296 | 11,443,708 | 52,515,588 | - |
Consumer Staples | 3,488,604 | - | 3,488,604 | - |
Energy | 93,659,051 | 40,854,932 | 52,804,119 | - |
Financials | 230,982,643 | 115,761,030 | 115,221,613 | - |
Health Care | 39,403,005 | 5,696,072 | 33,706,933 | - |
Industrials | 110,178,534 | 34,110,031 | 76,068,503 | - |
Information Technology | 38,634,379 | 3,014,823 | 35,619,556 | - |
Materials | 91,411,116 | 25,207,265 | 66,203,851 | - |
Real Estate | 3,417,145 | - | 3,417,145 | - |
Utilities | 7,523,497 | 7,523,497 | - | - |
Money Market Funds | 17,765,904 | 17,765,904 | - | - |
Total Investments in Securities: | 714,729,241 | 265,702,312 | 449,026,929 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $643,321,283) | $ | 696,963,337 | ||
Fidelity Central Funds (cost $17,765,904) | 17,765,904 | |||
Total Investment in Securities (cost $661,087,187) | $ | 714,729,241 | ||
Cash | 1 | |||
Foreign currency held at value (cost $38) | 38 | |||
Receivable for investments sold | 2,799,993 | |||
Receivable for fund shares sold | 850,423 | |||
Dividends receivable | 2,457,184 | |||
Reclaims receivable | 2,215,830 | |||
Distributions receivable from Fidelity Central Funds | 111,191 | |||
Prepaid expenses | 1,066 | |||
Total assets | 723,164,967 | |||
Liabilities | ||||
Payable for investments purchased | $ | 4,717,902 | ||
Payable for fund shares redeemed | 640,072 | |||
Accrued management fee | 424,378 | |||
Distribution and service plan fees payable | 7,380 | |||
Other affiliated payables | 126,917 | |||
Other payables and accrued expenses | 64,572 | |||
Total Liabilities | 5,981,221 | |||
Net Assets | $ | 717,183,746 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 745,207,553 | ||
Total accumulated earnings (loss) | (28,023,807) | |||
Net Assets | $ | 717,183,746 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($17,133,464 ÷ 1,936,902 shares)(a) | $ | 8.85 | ||
Maximum offering price per share (100/94.25 of $8.85) | $ | 9.39 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,196,217 ÷ 474,820 shares)(a) | $ | 8.84 | ||
Maximum offering price per share (100/96.50 of $8.84) | $ | 9.16 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,365,868 ÷ 267,209 shares)(a) | $ | 8.85 | ||
International Value : | ||||
Net Asset Value, offering price and redemption price per share ($443,835,751 ÷ 50,094,107 shares) | $ | 8.86 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($91,051,913 ÷ 10,262,253 shares) | $ | 8.87 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($158,600,533 ÷ 17,867,260 shares) | $ | 8.88 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 26,194,606 | ||
Income from Fidelity Central Funds (including $165,579 from security lending) | 1,158,379 | |||
Income before foreign taxes withheld | $ | 27,352,985 | ||
Less foreign taxes withheld | (2,070,881) | |||
Total Income | 25,282,104 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,863,331 | ||
Performance adjustment | 482,273 | |||
Transfer agent fees | 1,132,438 | |||
Distribution and service plan fees | 86,590 | |||
Accounting fees | 336,198 | |||
Custodian fees and expenses | 63,360 | |||
Independent trustees' fees and expenses | 3,807 | |||
Registration fees | 145,284 | |||
Audit | 67,087 | |||
Legal | 1,314 | |||
Interest | 1,097 | |||
Miscellaneous | 3,063 | |||
Total expenses before reductions | 7,185,842 | |||
Expense reductions | (51,067) | |||
Total expenses after reductions | 7,134,775 | |||
Net Investment income (loss) | 18,147,329 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (17,295,075) | |||
Foreign currency transactions | (17,894) | |||
Total net realized gain (loss) | (17,312,969) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 104,467,776 | |||
Assets and liabilities in foreign currencies | 144,725 | |||
Total change in net unrealized appreciation (depreciation) | 104,612,501 | |||
Net gain (loss) | 87,299,532 | |||
Net increase (decrease) in net assets resulting from operations | $ | 105,446,861 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 18,147,329 | $ | 16,126,115 |
Net realized gain (loss) | (17,312,969) | (28,616,362) | ||
Change in net unrealized appreciation (depreciation) | 104,612,501 | (92,203,078) | ||
Net increase (decrease) in net assets resulting from operations | 105,446,861 | (104,693,325) | ||
Distributions to shareholders | (11,902,522) | (17,928,873) | ||
Share transactions - net increase (decrease) | 45,467,490 | 291,627,947 | ||
Total increase (decrease) in net assets | 139,011,829 | 169,005,749 | ||
Net Assets | ||||
Beginning of period | 578,171,917 | 409,166,168 | ||
End of period | $ | 717,183,746 | $ | 578,171,917 |
Fidelity Advisor® International Value Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 7.64 | $ | 9.65 | $ | 6.87 | $ | 8.25 | $ | 8.13 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .20 | .24 | .25 C | .13 | .25 | |||||
Net realized and unrealized gain (loss) | 1.15 | (1.87) | 2.66 | (1.24) | .08 | |||||
Total from investment operations | 1.35 | (1.63) | 2.91 | (1.11) | .33 | |||||
Distributions from net investment income | (.14) | (.38) | (.13) | (.24) | (.21) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.14) | (.38) | (.13) | (.27) | (.21) | |||||
Net asset value, end of period | $ | 8.85 | $ | 7.64 | $ | 9.65 | $ | 6.87 | $ | 8.25 |
Total Return D,E | 17.72% | (17.43)% | 42.56% | (14.01)% | 4.38% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.33% | 1.46% | 1.37% | 1.30% | 1.14% | |||||
Expenses net of fee waivers, if any | 1.29% | 1.30% | 1.33% | 1.30% | 1.13% | |||||
Expenses net of all reductions | 1.29% | 1.30% | 1.33% | 1.28% | 1.12% | |||||
Net investment income (loss) | 2.21% | 2.85% | 2.77% C | 1.71% | 3.19% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 17,133 | $ | 12,080 | $ | 10,566 | $ | 5,947 | $ | 7,806 |
Portfolio turnover rate H | 29% | 25% | 29% I | 36% | 47% |
Fidelity Advisor® International Value Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 7.63 | $ | 9.63 | $ | 6.86 | $ | 8.24 | $ | 8.11 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .18 | .22 | .23 C | .11 | .23 | |||||
Net realized and unrealized gain (loss) | 1.15 | (1.87) | 2.65 | (1.25) | .08 | |||||
Total from investment operations | 1.33 | (1.65) | 2.88 | (1.14) | .31 | |||||
Distributions from net investment income | (.12) | (.35) | (.11) | (.21) | (.18) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.12) | (.35) | (.11) | (.24) | (.18) | |||||
Net asset value, end of period | $ | 8.84 | $ | 7.63 | $ | 9.63 | $ | 6.86 | $ | 8.24 |
Total Return D,E | 17.45% | (17.65)% | 42.20% | (14.29)% | 4.11% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.59% | 1.72% | 1.62% | 1.57% | 1.44% | |||||
Expenses net of fee waivers, if any | 1.54% | 1.55% | 1.58% | 1.57% | 1.43% | |||||
Expenses net of all reductions | 1.54% | 1.55% | 1.58% | 1.55% | 1.42% | |||||
Net investment income (loss) | 1.97% | 2.60% | 2.51% C | 1.44% | 2.89% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,196 | $ | 3,498 | $ | 4,375 | $ | 2,884 | $ | 3,756 |
Portfolio turnover rate H | 29% | 25% | 29% I | 36% | 47% |
Fidelity Advisor® International Value Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 7.64 | $ | 9.60 | $ | 6.85 | $ | 8.22 | $ | 8.08 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .13 | .18 | .18 C | .07 | .19 | |||||
Net realized and unrealized gain (loss) | 1.15 | (1.87) | 2.65 | (1.24) | .08 | |||||
Total from investment operations | 1.28 | (1.69) | 2.83 | (1.17) | .27 | |||||
Distributions from net investment income | (.07) | (.27) | (.08) | (.17) | (.13) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.07) | (.27) | (.08) | (.20) | (.13) | |||||
Net asset value, end of period | $ | 8.85 | $ | 7.64 | $ | 9.60 | $ | 6.85 | $ | 8.22 |
Total Return D,E | 16.74% | (18.01)% | 41.45% | (14.67)% | 3.53% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 2.09% | 2.23% | 2.12% | 2.07% | 1.93% | |||||
Expenses net of fee waivers, if any | 2.05% | 2.05% | 2.09% | 2.07% | 1.92% | |||||
Expenses net of all reductions | 2.05% | 2.05% | 2.09% | 2.05% | 1.91% | |||||
Net investment income (loss) | 1.46% | 2.09% | 2.00% C | .94% | 2.40% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,366 | $ | 2,190 | $ | 3,177 | $ | 2,947 | $ | 3,839 |
Portfolio turnover rate H | 29% | 25% | 29% I | 36% | 47% |
Fidelity® International Value Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 7.65 | $ | 9.66 | $ | 6.87 | $ | 8.25 | $ | 8.14 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .26 | .28 C | .15 | .28 | |||||
Net realized and unrealized gain (loss) | 1.15 | (1.86) | 2.66 | (1.23) | .07 | |||||
Total from investment operations | 1.37 | (1.60) | 2.94 | (1.08) | .35 | |||||
Distributions from net investment income | (.16) | (.41) | (.15) | (.27) | (.24) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.16) | (.41) | (.15) | (.30) | (.24) | |||||
Net asset value, end of period | $ | 8.86 | $ | 7.65 | $ | 9.66 | $ | 6.87 | $ | 8.25 |
Total Return D | 17.96% | (17.20)% | 43.08% | (13.70)% | 4.65% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.01% | 1.13% | 1.01% | .94% | .79% | |||||
Expenses net of fee waivers, if any | 1.01% | 1.05% | 1.01% | .94% | .78% | |||||
Expenses net of all reductions | 1.01% | 1.05% | 1.01% | .92% | .78% | |||||
Net investment income (loss) | 2.50% | 3.10% | 3.09% C | 2.07% | 3.54% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 443,836 | $ | 367,478 | $ | 372,441 | $ | 406,661 | $ | 442,816 |
Portfolio turnover rate G | 29% | 25% | 29% H | 36% | 47% |
Fidelity Advisor® International Value Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 7.66 | $ | 9.67 | $ | 6.88 | $ | 8.26 | $ | 8.15 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .25 | .28 C | .15 | .27 | |||||
Net realized and unrealized gain (loss) | 1.15 | (1.86) | 2.66 | (1.24) | .08 | |||||
Total from investment operations | 1.37 | (1.61) | 2.94 | (1.09) | .35 | |||||
Distributions from net investment income | (.16) | (.40) | (.15) | (.26) | (.24) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.16) | (.40) | (.15) | (.29) | (.24) | |||||
Net asset value, end of period | $ | 8.87 | $ | 7.66 | $ | 9.67 | $ | 6.88 | $ | 8.26 |
Total Return D | 17.97% | (17.23)% | 43.05% | (13.75)% | 4.57% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.02% | 1.09% | 1.07% | .98% | .86% | |||||
Expenses net of fee waivers, if any | 1.01% | 1.04% | 1.05% | .98% | .85% | |||||
Expenses net of all reductions | 1.01% | 1.04% | 1.05% | .97% | .85% | |||||
Net investment income (loss) | 2.50% | 3.10% | 3.05% C | 2.03% | 3.47% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 91,052 | $ | 74,751 | $ | 6,661 | $ | 10,406 | $ | 8,495 |
Portfolio turnover rate G | 29% | 25% | 29% H | 36% | 47% |
Fidelity Advisor® International Value Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 7.66 | $ | 9.67 | $ | 6.87 | $ | 8.25 | $ | 8.14 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .24 | .26 | .30 C | .16 | .29 | |||||
Net realized and unrealized gain (loss) | 1.15 | (1.86) | 2.65 | (1.23) | .08 | |||||
Total from investment operations | 1.39 | (1.60) | 2.95 | (1.07) | .37 | |||||
Distributions from net investment income | (.17) | (.41) | (.15) | (.28) | (.26) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.17) | (.41) | (.15) | (.31) | (.26) | |||||
Net asset value, end of period | $ | 8.88 | $ | 7.66 | $ | 9.67 | $ | 6.87 | $ | 8.25 |
Total Return D | 18.20% | (17.13)% | 43.35% | (13.58)% | 4.84% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .87% | .94% | .89% | .82% | .67% | |||||
Expenses net of fee waivers, if any | .86% | .89% | .89% | .82% | .67% | |||||
Expenses net of all reductions | .86% | .89% | .89% | .81% | .66% | |||||
Net investment income (loss) | 2.65% | 3.25% | 3.21% C | 2.19% | 3.66% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 158,601 | $ | 118,176 | $ | 11,946 | $ | 2,549 | $ | 2,249 |
Portfolio turnover rate G | 29% | 25% | 29% H | 36% | 47% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $91,798,658 |
Gross unrealized depreciation | (45,377,564) |
Net unrealized appreciation (depreciation) | $46,421,094 |
Tax Cost | $668,308,147 |
Undistributed ordinary income | $15,303,650 |
Capital loss carryforward | $(89,644,217) |
Net unrealized appreciation (depreciation) on securities and other investments | $46,316,760 |
Short-term | $(32,623,835) |
Long-term | (57,020,382) |
Total capital loss carryforward | $(89,644,217) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $11,902,522 | $ 17,928,873 |
Total | $11,902,522 | $ 17,928,873 |
Purchases ($) | Sales ($) | |
Fidelity International Value Fund | 252,528,519 | 198,061,823 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $39,797 | $4,051 |
Class M | .25% | .25% | 21,510 | 16 |
Class C | .75% | .25% | 25,283 | 3,254 |
$86,590 | $7,321 |
Retained by FDC | |
Class A | $ 7,660 |
Class M | 376 |
Class CA | 155 |
$8,191 |
Amount | % of Class-Level Average Net Assets | |
Class A | $ 40,039 | .25 |
Class M | 11,011 | .26 |
Class C | 6,501 | .26 |
International Value | 828,361 | .19 |
Class I | 180,764 | .19 |
Class Z | 65,762 | .04 |
$1,132,438 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
International Value | 0.1862% |
Class I | 0.1887% |
% of Average Net Assets | |
Fidelity International Value Fund | .05 |
% of Average Net Assets | |
Fidelity International Value Fund | 0.0464% |
Amount | |
Fidelity International Value Fund | $ 155 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Value Fund | Borrower | $ 1,485,200 | 5.32% | $1,097 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Value Fund | 21,568,564 | 2,257,633 | 29,117 |
Amount | |
Fidelity International Value Fund | $1,281 |
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 | $17,890 | $ - | $- |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $ 4,181 |
Class M | 1.55% | 1,483 |
Class C | 2.05% | 974 |
$6,638 |
Expense reduction | |
Class M | 133 |
$133 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity International Value Fund | ||||
Class A | ||||
Shares sold | 623,112 | 816,905 | $5,518,527 | $7,279,150 |
Reinvestment of distributions | 26,113 | 47,745 | 219,873 | 425,405 |
Shares redeemed | (293,310) | (378,549) | (2,616,908) | (3,283,758) |
Net increase (decrease) | 355,915 | 486,101 | $3,121,492 | $4,420,797 |
Class M | ||||
Shares sold | 71,877 | 71,311 | $625,739 | $629,674 |
Reinvestment of distributions | 6,304 | 17,121 | 53,141 | 152,718 |
Shares redeemed | (61,576) | (84,453) | (547,185) | (750,679) |
Net increase (decrease) | 16,605 | 3,979 | $131,695 | $31,713 |
Class C | ||||
Shares sold | 71,043 | 59,969 | $632,329 | $543,223 |
Reinvestment of distributions | 2,290 | 9,999 | 19,445 | 89,688 |
Shares redeemed | (92,669) | (114,149) | (826,342) | (968,490) |
Net increase (decrease) | (19,336) | (44,181) | $(174,568) | $(335,579) |
International Value | ||||
Shares sold | 14,718,149 | 32,895,367 | $131,108,890 | $280,320,847 |
Reinvestment of distributions | 764,993 | 1,569,596 | 6,441,242 | 13,969,404 |
Shares redeemed | (13,435,468) | (24,973,804) | (119,112,195) | (203,231,278) |
Net increase (decrease) | 2,047,674 | 9,491,159 | $18,437,937 | $91,058,973 |
Class I | ||||
Shares sold | 6,837,587 | 11,031,616 | $61,109,496 | $92,417,643 |
Reinvestment of distributions | 184,152 | 29,506 | 1,552,405 | 263,195 |
Shares redeemed | (6,517,142) | (1,992,300) | (59,256,457) | (15,704,798) |
Net increase (decrease) | 504,597 | 9,068,822 | $3,405,444 | $76,976,040 |
Class Z | ||||
Shares sold | 10,634,134 | 17,947,816 | $95,268,462 | $150,148,371 |
Reinvestment of distributions | 273,689 | 56,409 | 2,304,458 | 502,041 |
Shares redeemed | (8,469,262) | (3,811,522) | (77,027,430) | (31,174,409) |
Net increase (decrease) | 2,438,561 | 14,192,703 | $20,545,490 | $119,476,003 |
Fund | % of shares held |
Fidelity International Value Fund | 22% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Value Fund | ||||||||||
Class A | 1.30% | |||||||||
Actual | $ 1,000 | $ 976.80 | $ 6.48 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.65 | $ 6.61 | |||||||
Class M | 1.55% | |||||||||
Actual | $ 1,000 | $ 975.70 | $ 7.72 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.39 | $ 7.88 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 972.50 | $ 10.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.92 | $ 10.36 | |||||||
Fidelity® International Value Fund | .97% | |||||||||
Actual | $ 1,000 | $ 977.90 | $ 4.84 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.32 | $ 4.94 | |||||||
Class I | .98% | |||||||||
Actual | $ 1,000 | $ 976.90 | $ 4.88 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.27 | $ 4.99 | |||||||
Class Z | .84% | |||||||||
Actual | $ 1,000 | $ 979.10 | $ 4.19 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.97 | $ 4.28 | |||||||
Pay Date | Income | Taxes | |
Fidelity International Value Fund | |||
Class A | 12/12/2022 | $0.1557 | $0.0187 |
Class M | 12/12/2022 | $0.1347 | $0.0187 |
Class C | 12/12/2022 | $0.0847 | $0.0187 |
International Value | 12/12/2022 | $0.1747 | $0.0187 |
Class I | 12/12/2022 | $0.1767 | $0.0187 |
Class Z | 12/12/2022 | $0.1837 | $0.0187 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 8.91% | 6.03% | 3.25% |
Class M (incl. 3.50% sales charge) | 11.22% | 6.22% | 3.22% |
Class C (incl. contingent deferred sales charge) | 13.76% | 6.47% | 3.24% |
Fidelity® Emerging Markets Discovery Fund | 15.94% | 7.61% | 4.17% |
Class I | 15.99% | 7.62% | 4.17% |
Class Z | 16.10% | 7.77% | 4.25% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Emerging Markets Discovery Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets SMID Cap Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Innovent Biologics, Inc. (China, Biotechnology) | 1.5 | |
Hansoh Pharmaceutical Group Co. Ltd. (China, Pharmaceuticals) | 1.4 | |
Solar Industries India Ltd. (India, Chemicals) | 1.4 | |
Rumo SA (Brazil, Ground Transportation) | 1.4 | |
Equatorial Energia SA (Brazil, Electric Utilities) | 1.3 | |
Makalot Industrial Co. Ltd. (Taiwan, Textiles, Apparel & Luxury Goods) | 1.3 | |
Yageo Corp. (Taiwan, Electronic Equipment, Instruments & Components) | 1.3 | |
Catrion Catering Holding Co. (Saudi Arabia, Commercial Services & Supplies) | 1.3 | |
Shriram Transport Finance Co. Ltd. (India, Consumer Finance) | 1.3 | |
Db Insurance Co. Ltd. (Korea (South), Insurance) | 1.2 | |
13.4 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 17.3 | |
Financials | 15.9 | |
Consumer Discretionary | 14.6 | |
Information Technology | 10.0 | |
Consumer Staples | 8.6 | |
Health Care | 8.1 | |
Real Estate | 6.5 | |
Utilities | 5.7 | |
Materials | 4.4 | |
Energy | 2.6 | |
Communication Services | 1.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.5% | |||
Shares | Value ($) | ||
Brazil - 13.2% | |||
Afya Ltd. (a) | 710,759 | 11,443,220 | |
Atacadao SA | 5,422,894 | 9,648,110 | |
Caixa Seguridade Participacoes | 4,254,890 | 9,131,335 | |
Enauta Participacoes SA | 3,048,548 | 10,539,236 | |
Equatorial Energia SA | 1,978,677 | 12,401,685 | |
Hypera SA (a) | 1,571,069 | 9,438,723 | |
Localiza Rent a Car SA | 739,203 | 7,458,374 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 5,420 | 7,525 | |
LOG Commercial Properties e Participacoes SA | 2,518,856 | 10,351,703 | |
Lojas Renner SA (a) | 4,152,226 | 10,096,949 | |
Orizon Valorizacao de Residuos SA (a) | 1,354,510 | 9,263,352 | |
Rumo SA | 2,894,036 | 12,806,256 | |
XP, Inc. Class A | 492,732 | 9,854,640 | |
TOTAL BRAZIL | 122,441,108 | ||
Chile - 1.1% | |||
Banco de Chile sponsored ADR | 489,179 | 10,018,386 | |
China - 19.4% | |||
China Communications Services Corp. Ltd. (H Shares) | 21,661,754 | 8,860,227 | |
China Resources Beer Holdings Co. Ltd. | 1,711,463 | 9,056,493 | |
Far East Horizon Ltd. | 13,590,164 | 9,562,537 | |
Flat Glass Group Co. Ltd. (b) | 3,644,610 | 6,545,281 | |
Fu Shou Yuan International Group Ltd. | 13,889,386 | 9,324,847 | |
Guangdong Investment Ltd. | 13,024,370 | 8,887,597 | |
Haier Smart Home Co. Ltd. (A Shares) | 3,037,611 | 9,231,281 | |
Haitian International Holdings Ltd. | 3,094,997 | 7,383,375 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 6,960,308 | 13,095,773 | |
Innovent Biologics, Inc. (a)(c) | 2,377,107 | 14,008,679 | |
Li Ning Co. Ltd. | 2,288,240 | 7,012,092 | |
Pharmaron Beijing Co. Ltd. (H Shares) (c) | 3,884,902 | 9,273,765 | |
Shenzhen Expressway Co. Ltd. (H Shares) | 11,545,465 | 9,519,212 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 20,980,632 | 10,485,347 | |
Sinopharm Group Co. Ltd. (H Shares) | 1,718,643 | 4,109,762 | |
Sinotruk Hong Kong Ltd. | 5,733,335 | 10,798,754 | |
Tongdao Liepin Group (a) | 8,574,797 | 6,300,140 | |
TravelSky Technology Ltd. (H Shares) | 6,210,689 | 9,811,232 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 1,158,266 | 8,783,744 | |
Zai Lab Ltd. (a) | 3,388,750 | 8,648,280 | |
TOTAL CHINA | 180,698,418 | ||
Georgia - 1.0% | |||
Bank of Georgia Group PLC | 227,726 | 9,217,093 | |
Hong Kong - 2.1% | |||
ASMPT Ltd. | 1,028,453 | 8,710,535 | |
WH Group Ltd. (c) | 17,573,743 | 10,495,622 | |
TOTAL HONG KONG | 19,206,157 | ||
Hungary - 0.9% | |||
Richter Gedeon PLC | 367,685 | 8,621,198 | |
India - 15.4% | |||
Bharat Electronics Ltd. | 6,250,893 | 10,011,530 | |
Computer Age Management Services Private Ltd. | 329,920 | 8,902,895 | |
Cyient Ltd. | 491,542 | 9,374,364 | |
Deccan Cements Ltd. | 699,739 | 4,283,550 | |
Eicher Motors Ltd. | 226,273 | 8,952,777 | |
Embassy Office Parks (REIT) | 2,453,687 | 9,179,171 | |
Hindustan Aeronautics Ltd. | 430,330 | 9,414,867 | |
Indraprastha Gas Ltd. | 1,432,153 | 6,576,734 | |
ITC Ltd. | 1,759,645 | 9,055,152 | |
Mahanagar Gas Ltd. | 575,400 | 7,132,351 | |
Manappuram General Finance & Leasing Ltd. | 882,173 | 1,456,681 | |
Oberoi Realty Ltd. | 601,791 | 8,222,530 | |
Petronet LNG Ltd. | 3,036,521 | 7,276,260 | |
Power Grid Corp. of India Ltd. | 3,502,154 | 8,503,285 | |
Shriram Transport Finance Co. Ltd. | 540,307 | 12,188,491 | |
Solar Industries India Ltd. | 197,220 | 13,024,258 | |
Torrent Pharmaceuticals Ltd. | 406,398 | 9,391,261 | |
TOTAL INDIA | 142,946,157 | ||
Indonesia - 0.8% | |||
First Resources Ltd. | 7,164,981 | 7,911,034 | |
Korea (South) - 8.6% | |||
Coway Co. Ltd. | 320,739 | 10,248,687 | |
Db Insurance Co. Ltd. | 179,965 | 11,690,972 | |
Fila Holdings Corp. | 316,775 | 8,375,520 | |
Hanon Systems | 1,607,022 | 8,188,045 | |
Hansol Chemical Co. Ltd. | 82,138 | 9,152,642 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 344,049 | 8,013,725 | |
LG Corp. | 112,131 | 6,408,754 | |
SFA Engineering Corp. | 418,530 | 8,645,573 | |
Soulbrain Co. Ltd. | 55,267 | 9,529,543 | |
TOTAL KOREA (SOUTH) | 80,253,461 | ||
Malaysia - 0.0% | |||
Scientex Bhd warrants 1/14/26 (a) | 130,640 | 15,631 | |
Mexico - 5.2% | |||
Becle S.A.B. de CV | 1,308,099 | 2,306,532 | |
FIBRA Macquarie Mexican (REIT) (c) | 3,727,733 | 5,776,963 | |
Fibra Uno Administracion SA de CV | 4,376,486 | 6,643,986 | |
Grupo Comercial Chedraui S.A.B. de CV | 1,960,073 | 11,379,491 | |
Qualitas Controladora S.A.B. de CV | 1,362,463 | 11,253,223 | |
Regional S.A.B. de CV | 1,384,662 | 10,533,385 | |
TOTAL MEXICO | 47,893,580 | ||
Peru - 0.1% | |||
Intercorp Financial Services, Inc. | 46,568 | 874,547 | |
Philippines - 1.0% | |||
Robinsons Land Corp. | 36,176,629 | 8,872,287 | |
Poland - 1.1% | |||
Dino Polska SA (a)(b)(c) | 112,810 | 10,672,899 | |
Romania - 1.0% | |||
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA | 379,360 | 9,431,569 | |
Russia - 0.1% | |||
Etalon Group PLC GDR (Reg. S) (a)(d) | 167,549 | 13,330 | |
LSR Group OJSC (d) | 67,346 | 67,761 | |
TCS Group Holding PLC GDR (a)(d) | 59,253 | 75,469 | |
X5 Retail Group NV GDR (Reg. S) (a)(d) | 101,790 | 1,026,043 | |
TOTAL RUSSIA | 1,182,603 | ||
Saudi Arabia - 2.5% | |||
Bupa Arabia for Cooperative Insurance Co. | 194,211 | 11,026,480 | |
Catrion Catering Holding Co. | 439,860 | 12,240,480 | |
TOTAL SAUDI ARABIA | 23,266,960 | ||
South Africa - 3.9% | |||
Bidvest Group Ltd./The | 773,317 | 10,946,144 | |
FirstRand Ltd. (b) | 2,948,036 | 9,718,435 | |
Impala Platinum Holdings Ltd. | 1,213,330 | 5,054,238 | |
Mr Price Group Ltd. | 1,441,908 | 10,421,968 | |
TOTAL SOUTH AFRICA | 36,140,785 | ||
Taiwan - 12.7% | |||
BizLink Holding, Inc. | 1,239,828 | 9,654,032 | |
Chailease Holding Co. Ltd. | 2,014,682 | 10,920,326 | |
Cleanaway Co. Ltd. | 1,568,475 | 8,372,996 | |
E Ink Holdings, Inc. | 2,059,860 | 10,709,456 | |
International Games Systems Co. Ltd. | 543,195 | 10,461,979 | |
Makalot Industrial Co. Ltd. | 1,103,727 | 12,343,893 | |
Nanya Technology Corp. | 5,253,340 | 10,523,679 | |
Poya International Co. Ltd. | 657,621 | 10,101,465 | |
Realtek Semiconductor Corp. | 916,642 | 11,415,194 | |
Unimicron Technology Corp. | 2,427,394 | 10,817,632 | |
Yageo Corp. | 756,504 | 12,324,198 | |
TOTAL TAIWAN | 117,644,850 | ||
Turkey - 1.0% | |||
Mavi Jeans Class B (c) | 2,639,876 | 8,902,360 | |
United Arab Emirates - 1.2% | |||
Aldar Properties PJSC | 7,987,761 | 11,308,564 | |
United States of America - 3.1% | |||
FirstCash Holdings, Inc. | 100,040 | 10,896,357 | |
Parade Technologies Ltd. | 341,755 | 11,196,453 | |
Tenaris SA sponsored ADR | 228,680 | 7,162,258 | |
TOTAL UNITED STATES OF AMERICA | 29,255,068 | ||
Vietnam - 0.1% | |||
FPT Corp. | 225,647 | 763,191 | |
TOTAL COMMON STOCKS (Cost $876,092,753) | 887,537,906 | ||
Money Market Funds - 5.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) | 41,341,153 | 41,349,421 | |
Fidelity Securities Lending Cash Central Fund 5.40% (e)(f) | 11,125,384 | 11,126,496 | |
TOTAL MONEY MARKET FUNDS (Cost $52,475,917) | 52,475,917 | ||
TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $928,568,670) | 940,013,823 |
NET OTHER ASSETS (LIABILITIES) - (1.2)% | (10,812,445) |
NET ASSETS - 100.0% | 929,201,378 |
(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 $72,226,061 or 7.8% of net assets. |
(d) | Level 3 security |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 16,540,486 | 446,002,702 | 421,193,767 | 1,603,062 | - | - | 41,349,421 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.40% | 1,598,400 | 128,570,965 | 119,042,869 | 155,573 | - | - | 11,126,496 | 0.0% |
Total | 18,138,886 | 574,573,667 | 540,236,636 | 1,758,635 | - | - | 52,475,917 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 16,762,119 | - | 16,762,119 | - |
Consumer Discretionary | 134,454,336 | 40,864,497 | 93,589,839 | - |
Consumer Staples | 80,335,120 | 34,007,032 | 45,302,045 | 1,026,043 |
Energy | 24,977,754 | 17,701,494 | 7,276,260 | - |
Financials | 146,432,082 | 92,523,881 | 53,832,732 | 75,469 |
Health Care | 76,587,441 | 18,059,921 | 58,527,520 | - |
Industrials | 161,179,693 | 52,722,131 | 108,457,562 | - |
Information Technology | 92,379,983 | - | 92,379,983 | - |
Materials | 41,059,862 | - | 41,059,862 | - |
Real Estate | 60,436,295 | 34,081,216 | 26,273,988 | 81,091 |
Utilities | 52,933,221 | 21,833,254 | 31,099,967 | - |
Money Market Funds | 52,475,917 | 52,475,917 | - | - |
Total Investments in Securities: | 940,013,823 | 364,269,343 | 574,561,877 | 1,182,603 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $10,606,194) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $876,092,753) | $ | 887,537,906 | ||
Fidelity Central Funds (cost $52,475,917) | 52,475,917 | |||
Total Investment in Securities (cost $928,568,670) | $ | 940,013,823 | ||
Foreign currency held at value (cost $144,541) | 142,821 | |||
Receivable for investments sold | 2,541,963 | |||
Receivable for fund shares sold | 1,811,639 | |||
Dividends receivable | 1,050,686 | |||
Distributions receivable from Fidelity Central Funds | 221,086 | |||
Prepaid expenses | 1,083 | |||
Other receivables | 113,652 | |||
Total assets | 945,896,753 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 597,916 | ||
Accrued management fee | 640,050 | |||
Distribution and service plan fees payable | 10,234 | |||
Other affiliated payables | 168,321 | |||
Deferred taxes | 4,015,060 | |||
Other payables and accrued expenses | 137,298 | |||
Collateral on securities loaned | 11,126,496 | |||
Total Liabilities | 16,695,375 | |||
Net Assets | $ | 929,201,378 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 922,059,871 | ||
Total accumulated earnings (loss) | 7,141,507 | |||
Net Assets | $ | 929,201,378 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($23,373,494 ÷ 1,590,986 shares)(a) | $ | 14.69 | ||
Maximum offering price per share (100/94.25 of $14.69) | $ | 15.59 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,559,726 ÷ 447,743 shares)(a) | $ | 14.65 | ||
Maximum offering price per share (100/96.50 of $14.65) | $ | 15.18 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,299,903 ÷ 231,946 shares)(a) | $ | 14.23 | ||
Emerging Markets Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($368,811,476 ÷ 24,922,485 shares) | $ | 14.80 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($404,844,409 ÷ 27,270,733 shares) | $ | 14.85 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($122,312,370 ÷ 8,252,738 shares) | $ | 14.82 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
�� | Year ended October 31, 2023 | |||
Investment Income | ||||
Dividends | $ | 25,962,417 | ||
Interest | 2,544 | |||
Income from Fidelity Central Funds (including $155,573 from security lending) | 1,758,635 | |||
Income before foreign taxes withheld | $ | 27,723,596 | ||
Less foreign taxes withheld | (2,926,407) | |||
Total Income | 24,797,189 | |||
Expenses | ||||
Management fee | $ | 5,852,572 | ||
Transfer agent fees | 1,253,882 | |||
Distribution and service plan fees | 114,931 | |||
Accounting fees | 331,691 | |||
Custodian fees and expenses | 247,322 | |||
Independent trustees' fees and expenses | 3,422 | |||
Registration fees | 184,523 | |||
Audit | 108,193 | |||
Legal | 1,380 | |||
Miscellaneous | 2,314 | |||
Total expenses before reductions | 8,100,230 | |||
Expense reductions | (45,435) | |||
Total expenses after reductions | 8,054,795 | |||
Net Investment income (loss) | 16,742,394 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $177,054) | (3,481,594) | |||
Foreign currency transactions | (295,930) | |||
Total net realized gain (loss) | (3,777,524) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,267,786) | 49,060,219 | |||
Assets and liabilities in foreign currencies | 8,996 | |||
Total change in net unrealized appreciation (depreciation) | 49,069,215 | |||
Net gain (loss) | 45,291,691 | |||
Net increase (decrease) in net assets resulting from operations | $ | 62,034,085 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 16,742,394 | $ | 8,469,843 |
Net realized gain (loss) | (3,777,524) | (5,961,108) | ||
Change in net unrealized appreciation (depreciation) | 49,069,215 | (86,323,295) | ||
Net increase (decrease) in net assets resulting from operations | 62,034,085 | (83,814,560) | ||
Distributions to shareholders | (8,639,871) | (35,200,802) | ||
Share transactions - net increase (decrease) | 444,710,316 | 193,227,559 | ||
Total increase (decrease) in net assets | 498,104,530 | 74,212,197 | ||
Net Assets | ||||
Beginning of period | 431,096,848 | 356,884,651 | ||
End of period | $ | 929,201,378 | $ | 431,096,848 |
Fidelity Advisor® Emerging Markets Discovery Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.89 | $ | 18.36 | $ | 13.93 | $ | 13.66 | $ | 12.01 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .31 | .31 | .11 | .04 | .13 | |||||
Net realized and unrealized gain (loss) | 1.69 | (3.92) | 4.37 | .34 | 1.71 | |||||
Total from investment operations | 2.00 | (3.61) | 4.48 | .38 | 1.84 | |||||
Distributions from net investment income | (.20) | (.37) | (.05) | (.11) | (.18) | |||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | |||||
Total distributions | (.20) | (1.86) | (.05) | (.11) | (.19) | |||||
Net asset value, end of period | $ | 14.69 | $ | 12.89 | $ | 18.36 | $ | 13.93 | $ | 13.66 |
Total Return C,D | 15.56% | (21.58)% | 32.23% | 2.76% | 15.50% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.43% | 1.49% | 1.49% | 1.54% | 1.55% | |||||
Expenses net of fee waivers, if any | 1.42% | 1.49% | 1.49% | 1.53% | 1.54% | |||||
Expenses net of all reductions | 1.42% | 1.49% | 1.49% | 1.51% | 1.54% | |||||
Net investment income (loss) | 2.07% | 2.11% | .60% | .33% | .96% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 23,373 | $ | 16,063 | $ | 18,900 | $ | 11,745 | $ | 15,323 |
Portfolio turnover rate G | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.85 | $ | 18.30 | $ | 13.89 | $ | 13.62 | $ | 11.94 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .27 | .27 | .06 | - C | .08 | |||||
Net realized and unrealized gain (loss) | 1.68 | (3.91) | 4.36 | .34 | 1.71 | |||||
Total from investment operations | 1.95 | (3.64) | 4.42 | .34 | 1.79 | |||||
Distributions from net investment income | (.15) | (.32) | (.01) | (.07) | (.10) | |||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | |||||
Total distributions | (.15) | (1.81) | (.01) | (.07) | (.11) | |||||
Net asset value, end of period | $ | 14.65 | $ | 12.85 | $ | 18.30 | $ | 13.89 | $ | 13.62 |
Total Return D,E | 15.25% | (21.77)% | 31.82% | 2.49% | 15.06% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.69% | 1.75% | 1.76% | 1.83% | 1.86% | |||||
Expenses net of fee waivers, if any | 1.69% | 1.75% | 1.76% | 1.83% | 1.86% | |||||
Expenses net of all reductions | 1.68% | 1.75% | 1.76% | 1.80% | 1.86% | |||||
Net investment income (loss) | 1.80% | 1.85% | .33% | .03% | .64% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 6,560 | $ | 4,355 | $ | 6,095 | $ | 4,552 | $ | 5,773 |
Portfolio turnover rate H | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.47 | $ | 17.78 | $ | 13.55 | $ | 13.29 | $ | 11.66 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .19 | .19 | (.03) | (.06) | .02 | |||||
Net realized and unrealized gain (loss) | 1.65 | (3.81) | 4.26 | .32 | 1.67 | |||||
Total from investment operations | 1.84 | (3.62) | 4.23 | .26 | 1.69 | |||||
Distributions from net investment income | (.08) | (.20) | - | - | (.05) | |||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | |||||
Total distributions | (.08) | (1.69) | - | - | (.06) | |||||
Net asset value, end of period | $ | 14.23 | $ | 12.47 | $ | 17.78 | $ | 13.55 | $ | 13.29 |
Total Return C,D | 14.76% | (22.21)% | 31.22% | 1.96% | 14.54% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 2.20% | 2.25% | 2.25% | 2.32% | 2.36% | |||||
Expenses net of fee waivers, if any | 2.19% | 2.25% | 2.25% | 2.31% | 2.35% | |||||
Expenses net of all reductions | 2.19% | 2.25% | 2.25% | 2.29% | 2.35% | |||||
Net investment income (loss) | 1.29% | 1.35% | (.16)% | (.45)% | .14% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,300 | $ | 3,079 | $ | 4,995 | $ | 5,080 | $ | 7,562 |
Portfolio turnover rate G | 30% | 33% | 64% | 43% | 80% |
Fidelity® Emerging Markets Discovery Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.98 | $ | 18.48 | $ | 14.02 | $ | 13.75 | $ | 12.10 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .35 | .36 | .16 | .08 | .16 | |||||
Net realized and unrealized gain (loss) | 1.71 | (3.95) | 4.40 | .34 | 1.72 | |||||
Total from investment operations | 2.06 | (3.59) | 4.56 | .42 | 1.88 | |||||
Distributions from net investment income | (.24) | (.42) | (.10) | (.15) | (.22) | |||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | |||||
Total distributions | (.24) | (1.91) | (.10) | (.15) | (.23) | |||||
Net asset value, end of period | $ | 14.80 | $ | 12.98 | $ | 18.48 | $ | 14.02 | $ | 13.75 |
Total Return C | 15.94% | (21.37)% | 32.63% | 3.07% | 15.78% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.15% | 1.19% | 1.19% | 1.23% | 1.25% | |||||
Expenses net of fee waivers, if any | 1.15% | 1.19% | 1.18% | 1.23% | 1.25% | |||||
Expenses net of all reductions | 1.15% | 1.19% | 1.18% | 1.20% | 1.25% | |||||
Net investment income (loss) | 2.34% | 2.41% | .90% | .63% | 1.25% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 368,811 | $ | 248,805 | $ | 283,133 | $ | 189,784 | $ | 208,657 |
Portfolio turnover rate F | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.03 | $ | 18.54 | $ | 14.06 | $ | 13.79 | $ | 12.13 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .36 | .34 | .16 | .08 | .17 | |||||
Net realized and unrealized gain (loss) | 1.71 | (3.95) | 4.41 | .34 | 1.72 | |||||
Total from investment operations | 2.07 | (3.61) | 4.57 | .42 | 1.89 | |||||
Distributions from net investment income | (.25) | (.41) | (.09) | (.15) | (.22) | |||||
Distributions from net realized gain | - | (1.49) | - | - | (.01) | |||||
Total distributions | (.25) | (1.90) | (.09) | (.15) | (.23) | |||||
Net asset value, end of period | $ | 14.85 | $ | 13.03 | $ | 18.54 | $ | 14.06 | $ | 13.79 |
Total Return C | 15.99% | (21.37)% | 32.62% | 3.07% | 15.78% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.12% | 1.17% | 1.19% | 1.24% | 1.25% | |||||
Expenses net of fee waivers, if any | 1.11% | 1.16% | 1.19% | 1.23% | 1.24% | |||||
Expenses net of all reductions | 1.11% | 1.16% | 1.19% | 1.21% | 1.24% | |||||
Net investment income (loss) | 2.37% | 2.44% | .90% | .63% | 1.26% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 404,844 | $ | 129,250 | $ | 27,397 | $ | 28,034 | $ | 51,081 |
Portfolio turnover rate F | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.00 | $ | 18.51 | $ | 14.04 | $ | 13.77 | $ | 12.13 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .38 | .37 | .19 | .10 | .18 | |||||
Net realized and unrealized gain (loss) | 1.70 | (3.95) | 4.40 | .35 | 1.72 | |||||
Total from investment operations | 2.08 | (3.58) | 4.59 | .45 | 1.90 | |||||
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) C | |||||
Net asset value, end of period | $ | 14.82 | $ | 13.00 | $ | 18.51 | $ | 14.04 | $ | 13.77 |
Total Return D | 16.10% | (21.27)% | 32.82% | 3.24% | 15.97% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .99% | 1.03% | 1.05% | 1.09% | 1.10% | |||||
Expenses net of fee waivers, if any | .98% | 1.03% | 1.05% | 1.08% | 1.10% | |||||
Expenses net of all reductions | .98% | 1.03% | 1.05% | 1.06% | 1.10% | |||||
Net investment income (loss) | 2.50% | 2.57% | 1.04% | .78% | 1.40% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 122,312 | $ | 29,546 | $ | 16,365 | $ | 11,561 | $ | 18,267 |
Portfolio turnover rate G | 30% | 33% | 64% | 43% | 80% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $109,777,125 |
Gross unrealized depreciation | (107,588,704) |
Net unrealized appreciation (depreciation) | $2,188,421 |
Tax Cost | $937,825,402 |
Undistributed ordinary income | $19,250,265 |
Capital loss carryforward | $(10,250,300) |
Net unrealized appreciation (depreciation) on securities and other investments | $2,156,600 |
Short-term | $(2,477,383) |
Long-term | (7,772,917) |
Total capital loss carryforward | $(10,250,300) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $8,639,871 | $7,555,455 |
Long-term Capital Gains | - | 27,645,347 |
Total | $8,639,871 | $35,200,802 |
Purchases ($) | Sales ($) | |
Fidelity Emerging Markets Discovery Fund | 635,424,985 | 205,437,979 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $51,964 | $1,225 |
Class M | .25% | .25% | 27,740 | 17 |
Class C | .75% | .25% | 35,227 | 4,418 |
$114,931 | $5,660 |
Retained by FDC | |
Class A | $10,520 |
Class M | 934 |
Class CA | 227 |
$11,681 |
Amount | % of Class-Level Average Net Assets | |
Class A | $47,856 | .23 |
Class M | 13,709 | .25 |
Class C | 8,938 | .25 |
Emerging Markets Discovery | 687,685 | .21 |
Class I | 460,986 | .17 |
Class Z | 34,708 | .04 |
$1,253,882 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
Emerging Markets Discovery | 0.2000% |
Class I | 0.1752% |
% of Average Net Assets | |
Fidelity Emerging Markets Discovery Fund | .05 |
% of Average Net Assets | |
Fidelity Emerging Markets Discovery Fund | 0.0455% |
Amount | |
Fidelity Emerging Markets Discovery Fund | $ 470 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Emerging Markets Discovery Fund | 5,265,657 | - | - |
Amount | |
Fidelity Emerging Markets Discovery Fund | $1,188 |
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 Emerging Markets Discovery Fund | $16,293 | $- | $- |
Expense reduction | |
Class A | $27 |
Class M | 264 |
$291 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Emerging Markets Discovery Fund | ||||
Class A | ||||
Shares sold | 510,197 | 314,404 | $7,644,504 | $4,478,487 |
Reinvestment of distributions | 17,518 | 120,206 | 244,303 | 1,910,075 |
Shares redeemed | (183,067) | (217,629) | (2,708,612) | (3,180,396) |
Net increase (decrease) | 344,648 | 216,981 | $5,180,195 | $3,208,166 |
Class M | ||||
Shares sold | 154,343 | 36,386 | $2,297,021 | $551,246 |
Reinvestment of distributions | 3,721 | 38,167 | 51,851 | 606,098 |
Shares redeemed | (49,285) | (68,600) | (724,267) | (1,005,289) |
Net increase (decrease) | 108,779 | 5,953 | $1,624,605 | $152,055 |
Class C | ||||
Shares sold | 67,155 | 28,436 | $954,938 | $399,577 |
Reinvestment of distributions | 1,399 | 30,156 | 19,009 | 467,124 |
Shares redeemed | (83,426) | (92,682) | (1,201,723) | (1,325,981) |
Net increase (decrease) | (14,872) | (34,090) | $(227,776) | $(459,280) |
Emerging Markets Discovery | ||||
Shares sold | 10,451,564 | 10,307,936 | $157,422,112 | $148,982,256 |
Reinvestment of distributions | 291,173 | 1,414,497 | 4,078,445 | 22,589,516 |
Shares redeemed | (4,985,788) | (7,875,882) | (74,007,673) | (118,180,120) |
Net increase (decrease) | 5,756,949 | 3,846,551 | $87,492,884 | $53,391,652 |
Class I | ||||
Shares sold | 21,737,486 | 9,283,493 | $328,505,575 | $129,714,339 |
Reinvestment of distributions | 205,837 | 170,907 | 2,893,435 | 2,737,935 |
Shares redeemed | (4,589,758) | (1,015,195) | (69,325,801) | (14,790,592) |
Net increase (decrease) | 17,353,565 | 8,439,205 | $262,073,209 | $117,661,682 |
Class Z | ||||
Shares sold | 7,691,312 | 1,609,828 | $114,184,599 | $22,578,984 |
Reinvestment of distributions | 55,484 | 104,684 | 777,160 | 1,671,802 |
Shares redeemed | (1,766,483) | (326,408) | (26,394,560) | (4,977,502) |
Net increase (decrease) | 5,980,313 | 1,388,104 | $88,567,199 | $19,273,284 |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 6.10% | 0.00% | 1.09% |
Class M (incl. 3.50% sales charge) | 8.33% | 0.17% | 1.03% |
Class C (incl. contingent deferred sales charge) | 10.68% | 0.45% | 1.09% |
Fidelity® Total Emerging Markets Fund | 12.86% | 1.46% | 1.95% |
Class I | 12.96% | 1.50% | 1.98% |
Class Z | 13.04% | 1.61% | 2.03% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Total Emerging Markets Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 4.4 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 2.6 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 2.4 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 1.7 | |
HDFC Bank Ltd. (India, Banks) | 1.3 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 1.1 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 1.0 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 0.9 | |
Infosys Ltd. (India, IT Services) | 0.9 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 0.8 | |
17.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 14.7 | |
Information Technology | 11.4 | |
Energy | 10.7 | |
Consumer Discretionary | 9.5 | |
Materials | 6.9 | |
Communication Services | 6.2 | |
Industrials | 4.0 | |
Consumer Staples | 4.0 | |
Utilities | 3.5 | |
Health Care | 2.2 | |
Real Estate | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Futures - 0.2% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 54.9% | |||
Shares | Value ($) | ||
Brazil - 3.6% | |||
Cury Construtora e Incorporado SA | 19,200 | 56,133 | |
Cyrela Brazil Realty SA | 11,300 | 40,321 | |
Dexco SA | 212,643 | 289,330 | |
ENGIE Brasil Energia SA | 27,400 | 213,581 | |
Equatorial Energia SA | 54,715 | 342,935 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 350,828 | 256,767 | |
Hypera SA (a) | 20,437 | 122,782 | |
Localiza Rent a Car SA | 52,326 | 527,956 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 389 | 540 | |
LOG Commercial Properties e Participacoes SA | 15,700 | 64,522 | |
MercadoLibre, Inc. (a) | 329 | 408,203 | |
Multiplan Empreendimentos Imobiliarios SA (a) | 2,700 | 13,249 | |
PagSeguro Digital Ltd. (a) | 79,280 | 559,717 | |
Raia Drogasil SA | 133,908 | 685,244 | |
Rede D'Oregon Sao Luiz SA (b) | 4,700 | 20,155 | |
Rumo SA | 126,400 | 559,326 | |
StoneCo Ltd. Class A (a) | 32,705 | 324,270 | |
Suzano Papel e Celulose SA | 39,800 | 407,098 | |
Transmissora Alianca de Energia Eletrica SA | 26,900 | 180,285 | |
Vale SA sponsored ADR | 86,568 | 1,186,847 | |
XP, Inc. Class A | 51,435 | 1,028,700 | |
YDUQS Participacoes SA | 20,151 | 70,864 | |
TOTAL BRAZIL | 7,358,825 | ||
Canada - 0.5% | |||
Barrick Gold Corp. | 58,500 | 934,830 | |
Chile - 0.6% | |||
Antofagasta PLC | 37,058 | 605,817 | |
Banco de Chile | 6,343,200 | 651,684 | |
TOTAL CHILE | 1,257,501 | ||
China - 15.6% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 8,600 | 201,476 | |
Akeso, Inc. (a)(b) | 20,410 | 114,614 | |
Alibaba Group Holding Ltd. (a) | 315,954 | 3,252,771 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 2,334 | 192,648 | |
Angelalign Technology, Inc. (b)(c) | 4,847 | 33,417 | |
Anta Sports Products Ltd. | 16,943 | 191,617 | |
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b) | 4,816 | 62,629 | |
Baidu, Inc.: | |||
Class A (a) | 11,570 | 151,900 | |
sponsored ADR (a) | 783 | 82,215 | |
BeiGene Ltd. ADR (a) | 1,243 | 231,546 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 86,800 | 92,838 | |
Bilibili, Inc. ADR (a)(c) | 6,475 | 86,959 | |
BYD Co. Ltd. (H Shares) | 32,960 | 1,002,318 | |
C&S Paper Co. Ltd. (A Shares) | 123,900 | 183,978 | |
China Communications Services Corp. Ltd. (H Shares) | 464,000 | 189,788 | |
China Construction Bank Corp. (H Shares) | 2,889,000 | 1,633,897 | |
China Gas Holdings Ltd. | 203,944 | 183,347 | |
China Jushi Co. Ltd. (A Shares) | 265,200 | 419,802 | |
China Life Insurance Co. Ltd. (H Shares) | 544,000 | 736,793 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 27,100 | 40,886 | |
China Overseas Land and Investment Ltd. | 90,040 | 169,915 | |
China Petroleum & Chemical Corp. (H Shares) | 1,080,000 | 552,353 | |
China Resources Beer Holdings Co. Ltd. | 76,666 | 405,691 | |
China Resources Land Ltd. | 80,510 | 301,358 | |
China Tower Corp. Ltd. (H Shares) (b) | 688,950 | 64,245 | |
Daqin Railway Co. Ltd. (A Shares) | 498,600 | 491,528 | |
Daqo New Energy Corp. ADR (a) | 1,013 | 25,791 | |
ENN Energy Holdings Ltd. | 42,600 | 322,701 | |
ESR Group Ltd. (b) | 32,200 | 41,374 | |
Greentown China Holdings Ltd. | 66,500 | 64,514 | |
Guangdong Investment Ltd. | 260,000 | 177,419 | |
Haier Smart Home Co. Ltd. | 163,000 | 464,930 | |
Haier Smart Home Co. Ltd. (A Shares) | 12,560 | 38,170 | |
Haitian International Holdings Ltd. | 105,000 | 250,486 | |
Innovent Biologics, Inc. (a)(b) | 45,426 | 267,703 | |
JD.com, Inc. Class A | 30,488 | 387,599 | |
JOYY, Inc. ADR | 3,200 | 124,544 | |
KE Holdings, Inc. ADR | 13,867 | 203,984 | |
Kingdee International Software Group Co. Ltd. (a) | 25,000 | 33,172 | |
Kunlun Energy Co. Ltd. | 318,040 | 264,960 | |
Kweichow Moutai Co. Ltd. (A Shares) | 2,500 | 575,886 | |
Lenovo Group Ltd. | 389,008 | 452,701 | |
Li Auto, Inc.: | |||
ADR (a) | 20,411 | 690,096 | |
Class A (a) | 3,125 | 52,855 | |
Longfor Properties Co. Ltd. (b) | 15,980 | 23,263 | |
Maxscend Microelectronics Co. Ltd. (A Shares) | 3,800 | 78,414 | |
Medlive Technology Co. Ltd. (b) | 74,611 | 74,490 | |
Meituan Class B (a)(b) | 111,958 | 1,587,006 | |
NetEase, Inc. ADR | 4,345 | 464,567 | |
New Oriental Education & Technology Group, Inc. (a) | 6,877 | 44,838 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 10,429 | 682,995 | |
PDD Holdings, Inc. ADR (a) | 22,142 | 2,245,642 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 270,500 | 1,372,105 | |
Proya Cosmetics Co. Ltd. (A Shares) | 37,956 | 539,043 | |
Shangri-La Asia Ltd. (a) | 46,000 | 29,347 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 9,112 | 356,219 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 307,000 | 153,427 | |
Sinopharm Group Co. Ltd. (H Shares) | 65,375 | 156,330 | |
Sinotruk Hong Kong Ltd. | 101,000 | 190,234 | |
Sunny Optical Technology Group Co. Ltd. | 24,100 | 201,908 | |
Tencent Holdings Ltd. | 132,085 | 4,888,302 | |
Tofflon Science & Technology Group Co. Ltd. (A Shares) | 8,871 | 23,004 | |
Tongdao Liepin Group (a) | 38,232 | 28,090 | |
TravelSky Technology Ltd. (H Shares) | 140,000 | 221,163 | |
Trip.com Group Ltd. ADR (a) | 22,869 | 777,546 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 62,000 | 470,179 | |
Uni-President China Holdings Ltd. | 211,600 | 144,013 | |
WuXi AppTec Co. Ltd. (H Shares) (b)(c) | 18,206 | 218,773 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 96,683 | 601,150 | |
Xinyi Solar Holdings Ltd. | 193,528 | 113,893 | |
XPeng, Inc. ADR (a)(c) | 14,715 | 213,073 | |
Zai Lab Ltd. (a) | 60,276 | 153,828 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 300 | 968 | |
ZTO Express, Inc. sponsored ADR | 28,690 | 676,223 | |
TOTAL CHINA | 32,239,447 | ||
Greece - 0.6% | |||
Alpha Bank SA (a) | 556,800 | 830,702 | |
Piraeus Financial Holdings SA (a) | 132,600 | 391,448 | |
TOTAL GREECE | 1,222,150 | ||
Hong Kong - 0.5% | |||
ASMPT Ltd. | 26,748 | 226,544 | |
Gushengtang Holdings Ltd. | 3,751 | 22,470 | |
Huanxi Media Group Ltd. (a) | 761,081 | 69,991 | |
Kerry Properties Ltd. | 38,000 | 63,946 | |
Prudential PLC | 70,356 | 735,670 | |
TOTAL HONG KONG | 1,118,621 | ||
Hungary - 0.1% | |||
Richter Gedeon PLC | 11,203 | 262,679 | |
India - 10.7% | |||
Apollo Hospitals Enterprise Ltd. | 6,483 | 375,274 | |
Bajaj Auto Ltd. | 6,946 | 442,960 | |
Bajaj Finance Ltd. | 12,464 | 1,121,669 | |
Bharat Electronics Ltd. | 313,600 | 502,267 | |
Bharti Airtel Ltd. | 99,680 | 1,094,422 | |
Coal India Ltd. | 123,600 | 466,419 | |
Divi's Laboratories Ltd. | 4,122 | 167,701 | |
Eicher Motors Ltd. | 8,011 | 316,965 | |
Embassy Office Parks (REIT) | 22,400 | 83,798 | |
HDFC Bank Ltd. | 155,796 | 2,763,707 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 117,000 | 868,896 | |
Hindustan Aeronautics Ltd. | 15,800 | 345,676 | |
ICICI Bank Ltd. | 76,600 | 842,488 | |
Indraprastha Gas Ltd. | 53,293 | 244,732 | |
Infosys Ltd. | 18,060 | 296,922 | |
Infosys Ltd. sponsored ADR | 94,049 | 1,544,285 | |
ITC Ltd. | 143,113 | 736,461 | |
JK Cement Ltd. | 17,774 | 673,602 | |
Larsen & Toubro Ltd. | 25,658 | 902,660 | |
Ltimindtree Ltd. (b) | 1,500 | 91,234 | |
Mahanagar Gas Ltd. | 18,225 | 225,907 | |
Mahindra & Mahindra Ltd. | 8,079 | 141,545 | |
MakeMyTrip Ltd. (a) | 9,610 | 372,195 | |
Mankind Pharma Ltd. | 14,252 | 298,496 | |
Maruti Suzuki India Ltd. | 2,664 | 332,573 | |
NTPC Ltd. | 168,638 | 477,635 | |
One97 Communications Ltd. (a) | 39,022 | 431,731 | |
Persistent Systems Ltd. | 700 | 51,833 | |
Petronet LNG Ltd. | 59,406 | 142,352 | |
Power Grid Corp. of India Ltd. | 193,616 | 470,103 | |
Reliance Industries Ltd. | 73,213 | 2,012,597 | |
Shree Cement Ltd. | 1,451 | 447,084 | |
Sona Blw Precision Forgings Ltd. (b) | 32,166 | 209,273 | |
SRF Ltd. | 12,700 | 334,783 | |
Star Health & Allied Insurance Co. Ltd. (a) | 72,800 | 507,032 | |
Tata Motors Ltd. | 16,397 | 123,810 | |
Tata Steel Ltd. | 457,800 | 653,080 | |
Torrent Pharmaceuticals Ltd. | 5,310 | 122,706 | |
Zomato Ltd. (a) | 729,603 | 922,546 | |
TOTAL INDIA | 22,159,419 | ||
Indonesia - 1.5% | |||
First Resources Ltd. | 295,000 | 325,717 | |
PT Bank Central Asia Tbk | 2,047,800 | 1,128,175 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 3,665,179 | 1,146,042 | |
PT Sumber Alfaria Trijaya Tbk | 1,740,500 | 316,765 | |
PT Telkom Indonesia Persero Tbk | 600,900 | 131,727 | |
TOTAL INDONESIA | 3,048,426 | ||
Korea (South) - 5.8% | |||
AMOREPACIFIC Corp. | 4,690 | 439,579 | |
ASICLAND Co. Ltd. (d) | 300 | 5,545 | |
Coway Co. Ltd. | 6,590 | 210,573 | |
Delivery Hero AG (a)(b) | 4,615 | 117,049 | |
Hyundai Motor Co. Ltd. | 1,046 | 131,584 | |
Jeisys Medical, Inc. (a) | 5,739 | 44,735 | |
Kakao Corp. | 6,654 | 187,271 | |
Kakao Pay Corp. (a) | 2,641 | 67,229 | |
Kia Corp. | 14,431 | 823,242 | |
LG Chemical Ltd. | 523 | 171,155 | |
LG Corp. | 6,320 | 361,214 | |
LS Electric Co. Ltd. | 2,370 | 112,575 | |
NAVER Corp. | 5,578 | 778,666 | |
POSCO | 1,122 | 342,963 | |
Samsung Biologics Co. Ltd. (a)(b) | 833 | 437,265 | |
Samsung Electronics Co. Ltd. | 109,784 | 5,456,385 | |
Samsung SDI Co. Ltd. | 1,744 | 551,393 | |
SK Hynix, Inc. | 21,515 | 1,865,639 | |
TOTAL KOREA (SOUTH) | 12,104,062 | ||
Mauritius - 0.0% | |||
Jumo World Holding Ltd. (e)(f) | 30,055 | 44,181 | |
Jumo World Ltd. (a)(f) | 30 | 0 | |
TOTAL MAURITIUS | 44,181 | ||
Mexico - 1.3% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 72,000 | 429,840 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 33,555 | 105,212 | |
Fibra Uno Administracion SA de CV | 63,800 | 96,855 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 9,600 | 111,985 | |
Grupo Aeroportuario Norte S.A.B. de CV | 18,200 | 138,935 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 162,521 | 1,318,990 | |
Wal-Mart de Mexico SA de CV Series V | 157,800 | 564,803 | |
TOTAL MEXICO | 2,766,620 | ||
Netherlands - 0.0% | |||
CTP BV (b) | 5,352 | 77,922 | |
Panama - 0.2% | |||
Copa Holdings SA Class A | 4,631 | 378,121 | |
Peru - 0.3% | |||
Credicorp Ltd. (United States) | 4,279 | 534,704 | |
Philippines - 0.2% | |||
Ayala Land, Inc. | 375,600 | 184,376 | |
SM Investments Corp. | 15,000 | 211,496 | |
SM Prime Holdings, Inc. | 127,700 | 67,403 | |
TOTAL PHILIPPINES | 463,275 | ||
Poland - 0.2% | |||
CD Projekt RED SA | 6,636 | 165,425 | |
Dino Polska SA (a)(b) | 2,600 | 245,985 | |
TOTAL POLAND | 411,410 | ||
Romania - 0.0% | |||
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA | 2,700 | 67,127 | |
Russia - 1.4% | |||
Fix Price Group Ltd. GDR (Reg. S) (a)(f) | 68,238 | 25,202 | |
Gazprom OAO sponsored ADR (Reg. S) (a)(f) | 155,600 | 35,545 | |
LSR Group OJSC (f) | 755 | 760 | |
LUKOIL PJSC sponsored ADR (a)(f) | 35,200 | 9,958 | |
Novatek PJSC GDR (Reg. S) (a)(f) | 9,100 | 473,200 | |
Sberbank of Russia (f) | 30 | 0 | |
Sberbank of Russia sponsored ADR (a)(f) | 324,104 | 5,769 | |
Severstal PAO GDR (Reg. S) (a)(f) | 83,700 | 1,976 | |
TCS Group Holding PLC GDR (a)(f) | 56,395 | 654,182 | |
X5 Retail Group NV GDR (Reg. S) (a)(f) | 77,500 | 781,200 | |
Yandex NV Series A (a)(f) | 88,218 | 961,576 | |
TOTAL RUSSIA | 2,949,368 | ||
Saudi Arabia - 1.9% | |||
Al Rajhi Bank | 51,214 | 915,998 | |
Alinma Bank | 81,400 | 713,845 | |
Bupa Arabia for Cooperative Insurance Co. | 15,675 | 889,960 | |
Saudi Arabian Oil Co. (b) | 27,500 | 244,096 | |
The Saudi National Bank | 130,967 | 1,171,218 | |
TOTAL SAUDI ARABIA | 3,935,117 | ||
Singapore - 0.6% | |||
Sea Ltd. ADR (a) | 27,795 | 1,159,052 | |
South Africa - 1.6% | |||
Capitec Bank Holdings Ltd. | 10,150 | 901,255 | |
Discovery Ltd. | 86,000 | 593,313 | |
Impala Platinum Holdings Ltd. | 116,300 | 484,458 | |
Naspers Ltd. Class N | 3,646 | 569,144 | |
Pick 'n Pay Stores Ltd. | 132,900 | 178,270 | |
Shoprite Holdings Ltd. | 38,700 | 495,921 | |
TOTAL SOUTH AFRICA | 3,222,361 | ||
Taiwan - 6.4% | |||
Accton Technology Corp. | 6,729 | 104,181 | |
Alchip Technologies Ltd. | 8,404 | 688,735 | |
ASE Technology Holding Co. Ltd. | 17,859 | 62,476 | |
BizLink Holding, Inc. | 30,027 | 233,808 | |
Chailease Holding Co. Ltd. | 182,626 | 989,901 | |
Chroma ATE, Inc. | 25,357 | 171,221 | |
Delta Electronics, Inc. | 28,873 | 260,000 | |
E Ink Holdings, Inc. | 4,000 | 20,796 | |
eMemory Technology, Inc. | 4,808 | 300,996 | |
Formosa Plastics Corp. | 165,000 | 392,096 | |
Global Unichip Corp. | 3,000 | 133,976 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 15,373 | 45,849 | |
King Yuan Electronics Co. Ltd. | 107,004 | 253,319 | |
Lite-On Technology Corp. | 25,427 | 79,106 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 540,215 | 8,816,259 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,438 | 124,114 | |
Uni-President Enterprises Corp. | 207,000 | 433,941 | |
Unimicron Technology Corp. | 24,781 | 110,436 | |
TOTAL TAIWAN | 13,221,210 | ||
Tanzania - 0.0% | |||
Helios Towers PLC (a) | 54,000 | 39,742 | |
Thailand - 0.3% | |||
Carabao Group PCL (For. Reg.) | 78,500 | 146,647 | |
Land & House PCL (For. Reg.) | 316,900 | 66,201 | |
PTT Global Chemical PCL (For. Reg.) | 469,200 | 448,138 | |
Supalai PCL (For. Reg.) | 82,500 | 42,028 | |
TOTAL THAILAND | 703,014 | ||
United Arab Emirates - 0.1% | |||
Emaar Properties PJSC | 56,700 | 103,273 | |
United States of America - 0.9% | |||
FirstCash Holdings, Inc. | 9,401 | 1,023,957 | |
Legend Biotech Corp. ADR (a) | 2,277 | 150,441 | |
Tenaris SA sponsored ADR | 9,400 | 294,408 | |
Titan Cement International Trading SA | 25,800 | 488,106 | |
TOTAL UNITED STATES OF AMERICA | 1,956,912 | ||
TOTAL COMMON STOCKS (Cost $111,216,334) | 113,739,369 | ||
Preferred Stocks - 1.8% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.0% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(e)(f) | 11,962 | 70,456 | |
India - 0.2% | |||
Meesho Series F (a)(e)(f) | 7,108 | 462,233 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 532,689 | ||
Nonconvertible Preferred Stocks - 1.6% | |||
Brazil - 1.1% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 35,700 | 150,044 | |
Metalurgica Gerdau SA (PN) | 290,170 | 594,527 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 55,106 | 762,116 | |
sponsored ADR | 46,500 | 697,500 | |
2,204,187 | |||
Korea (South) - 0.4% | |||
Hyundai Motor Co. Ltd. Series 2 | 5,123 | 380,034 | |
Samsung Electronics Co. Ltd. | 13,795 | 549,945 | |
929,979 | |||
United States of America - 0.1% | |||
Gupshup, Inc. (a)(e)(f) | 8,409 | 105,113 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 3,239,279 | ||
TOTAL PREFERRED STOCKS (Cost $2,871,724) | 3,771,968 | ||
Corporate Bonds - 16.3% | |||
Principal Amount (g) | Value ($) | ||
Convertible Bonds - 0.2% | |||
Brazil - 0.2% | |||
Creditas Financial Solutions Ltd. 5% 7/28/27 (e)(f) | 506,964 | 506,711 | |
Nonconvertible Bonds - 16.1% | |||
Azerbaijan - 0.3% | |||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) | 695,000 | 683,956 | |
Bahrain - 0.5% | |||
The Oil and Gas Holding Co. 7.5% 10/25/27 (b) | 1,085,000 | 1,089,069 | |
Brazil - 0.7% | |||
Adecoagro SA 6% 9/21/27 (b) | 275,000 | 254,174 | |
Aegea Finance SARL 9% 1/20/31 (b) | 200,000 | 199,500 | |
Azul Secured Finance LLP 11.93% 8/28/28 (b) | 200,000 | 193,460 | |
Braskem Netherlands BV 7.25% 2/13/33 (b) | 115,000 | 99,331 | |
Embraer Netherlands Finance BV: | |||
5.4% 2/1/27 | 90,000 | 86,570 | |
7% 7/28/30 (b) | 240,000 | 233,460 | |
MARB BondCo PLC 3.95% 1/29/31 (b) | 145,000 | 105,488 | |
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b) | 372,007 | 264,683 | |
1,436,666 | |||
Burkina Faso - 0.1% | |||
Endeavour Mining PLC 5% 10/14/26 (b) | 285,000 | 249,691 | |
Cambodia - 0.1% | |||
NagaCorp Ltd. 7.95% 7/6/24 (Reg. S) | 200,000 | 195,304 | |
Chile - 0.8% | |||
Antofagasta PLC 2.375% 10/14/30 (b) | 450,000 | 339,075 | |
Corporacion Nacional del Cobre de Chile (Codelco): | |||
3.7% 1/30/50 (b) | 300,000 | 176,100 | |
4.5% 8/1/47 (b) | 250,000 | 171,750 | |
5.125% 2/2/33 (b) | 200,000 | 176,056 | |
5.95% 1/8/34 (b) | 200,000 | 185,800 | |
Sable International Finance Ltd. 5.75% 9/7/27 (b) | 600,000 | 537,084 | |
VTR Comunicaciones SpA 5.125% 1/15/28 (b) | 400,000 | 175,000 | |
1,760,865 | |||
China - 0.8% | |||
Ant International Co. Ltd. 3.55% 8/14/24 (e)(f) | 585,256 | 582,330 | |
ENN Clean Energy International Investment Ltd. 3.375% 5/12/26 (b) | 395,000 | 359,983 | |
Meituan 2.125% 10/28/25 (b) | 365,000 | 336,139 | |
Prosus NV: | |||
3.832% 2/8/51 (b) | 425,000 | 221,000 | |
4.193% 1/19/32 (b) | 245,000 | 188,466 | |
1,687,918 | |||
Colombia - 0.8% | |||
EnfraGen Energia Sur SA 5.375% 12/30/30 (b) | 690,000 | 456,690 | |
Gcm Mining Corp. 6.875% 8/9/26 (b) | 400,000 | 328,000 | |
GeoPark Ltd. 5.5% 1/17/27 (b) | 500,000 | 418,625 | |
Termocandelaria Power Ltd. 7.875% 1/30/29 (b) | 414,625 | 388,732 | |
1,592,047 | |||
Egypt - 0.1% | |||
Energean PLC 6.5% 4/30/27 (b) | 160,000 | 133,100 | |
Ghana - 0.6% | |||
Kosmos Energy Ltd. 7.125% 4/4/26 (b) | 700,000 | 643,503 | |
Tullow Oil PLC: | |||
7% 3/1/25 (b) | 450,000 | 350,438 | |
10.25% 5/15/26 (b) | 411,000 | 352,176 | |
1,346,117 | |||
Guatemala - 0.4% | |||
CT Trust 5.125% 2/3/32 (b) | 440,000 | 336,600 | |
Investment Energy Resources Ltd. 6.25% 4/26/29 (b) | 510,000 | 443,700 | |
780,300 | |||
Hungary - 0.1% | |||
Magyar Export-Import Bank 6.125% 12/4/27 (b) | 200,000 | 195,480 | |
India - 0.2% | |||
CA Magnum Holdings 5.375% 10/31/26 (b) | 400,000 | 348,344 | |
Indonesia - 1.2% | |||
Medco Bell Pte Ltd. 6.375% 1/30/27 (b) | 560,000 | 524,306 | |
PT Adaro Indonesia 4.25% 10/31/24 (b) | 250,000 | 240,238 | |
PT Freeport Indonesia: | |||
5.315% 4/14/32 (b) | 250,000 | 222,065 | |
6.2% 4/14/52 (b) | 200,000 | 164,040 | |
PT Hutama Karya Persero 3.75% 5/11/30 (b) | 300,000 | 259,860 | |
PT Indonesia Asahan Aluminium 5.45% 5/15/30 (b) | 690,000 | 637,705 | |
PT Pertamina Persero: | |||
4.15% 2/25/60 (b) | 365,000 | 229,078 | |
4.175% 1/21/50 (b) | 450,000 | 299,358 | |
2,576,650 | |||
Israel - 0.1% | |||
Energean Israel Finance Ltd. 8.5% 9/30/33 (Reg. S) (b) | 250,000 | 217,813 | |
Kazakhstan - 0.3% | |||
KazMunaiGaz National Co. 3.5% 4/14/33 (b) | 400,000 | 291,000 | |
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b) | 350,000 | 260,225 | |
551,225 | |||
Malaysia - 0.6% | |||
MISC Capital Two (Labuan) Ltd. 3.75% 4/6/27 (b) | 380,000 | 349,361 | |
Petronas Capital Ltd.: | |||
3.404% 4/28/61 (b) | 500,000 | 289,205 | |
3.5% 4/21/30 (b) | 450,000 | 391,127 | |
4.55% 4/21/50 (b) | 400,000 | 306,824 | |
1,336,517 | |||
Mauritius - 0.1% | |||
AXIAN Telecom 7.375% 2/16/27 (b) | 355,000 | 314,574 | |
Mexico - 2.0% | |||
Bimbo Bakeries U.S.A., Inc. 6.4% 1/15/34 (b)(f) | 200,000 | 200,020 | |
Braskem Idesa SAPI: | |||
6.99% 2/20/32 (b) | 160,000 | 93,352 | |
7.45% 11/15/29 (b) | 135,000 | 85,482 | |
Comision Federal de Electricidad 3.348% 2/9/31 (b) | 450,000 | 340,875 | |
Petroleos Mexicanos: | |||
5.35% 2/12/28 | 320,000 | 257,072 | |
6.49% 1/23/27 | 315,000 | 278,189 | |
6.5% 6/2/41 | 820,000 | 479,987 | |
6.625% 6/15/35 | 410,000 | 269,575 | |
6.7% 2/16/32 | 415,000 | 302,950 | |
6.75% 9/21/47 | 960,000 | 543,360 | |
6.84% 1/23/30 | 380,000 | 295,070 | |
6.95% 1/28/60 | 1,075,000 | 608,719 | |
7.69% 1/23/50 | 589,000 | 363,708 | |
4,118,359 | |||
Morocco - 0.2% | |||
OCP SA: | |||
3.75% 6/23/31 (b) | 395,000 | 309,257 | |
5.125% 6/23/51 (b) | 200,000 | 128,000 | |
437,257 | |||
Nigeria - 0.1% | |||
IHS Netherlands Holdco BV 8% 9/18/27 (b) | 315,000 | 256,961 | |
Panama - 0.3% | |||
Aeropuerto Internacional de Tocumen SA 5.125% 8/11/61 (b) | 200,000 | 133,556 | |
Cable Onda SA 4.5% 1/30/30 (b) | 580,000 | 453,125 | |
586,681 | |||
Paraguay - 0.1% | |||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b) | 250,000 | 225,375 | |
Peru - 0.2% | |||
Camposol SA 6% 2/3/27 (b) | 500,000 | 293,135 | |
Compania de Minas Buenaventura SAA 5.5% 7/23/26 (b) | 165,000 | 143,750 | |
436,885 | |||
Qatar - 0.7% | |||
Qatar Petroleum: | |||
2.25% 7/12/31 (b) | 755,000 | 589,372 | |
3.125% 7/12/41 (b) | 650,000 | 426,563 | |
3.3% 7/12/51 (b) | 580,000 | 353,256 | |
1,369,191 | |||
Saudi Arabia - 1.3% | |||
EIG Pearl Holdings SARL 3.545% 8/31/36 (b) | 720,000 | 559,800 | |
Greensaif Pipelines Bidco SARL: | |||
6.129% 2/23/38 (b) | 200,000 | 186,000 | |
6.51% 2/23/42 (b) | 200,000 | 185,750 | |
Saudi Arabian Oil Co.: | |||
3.25% 11/24/50 (b) | 260,000 | 153,725 | |
4.25% 4/16/39 (b) | 1,680,000 | 1,312,500 | |
4.375% 4/16/49 (b) | 275,000 | 201,094 | |
2,598,869 | |||
South Africa - 1.0% | |||
Eskom Holdings SOC Ltd.: | |||
6.35% 8/10/28 (b) | 315,000 | 285,075 | |
7.125% 2/11/25 (b) | 860,000 | 842,800 | |
8.45% 8/10/28 (b) | 235,000 | 222,016 | |
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b) | 470,000 | 285,426 | |
Stillwater Mining Co.: | |||
4% 11/16/26 (b) | 235,000 | 202,100 | |
4.5% 11/16/29 (b) | 220,000 | 166,650 | |
2,004,067 | |||
Tanzania - 0.1% | |||
HTA Group Ltd. 7% 12/18/25 (b) | 190,000 | 183,002 | |
Thailand - 0.1% | |||
PTT Treasury Center Co. Ltd. 3.7% 7/16/70 (b) | 350,000 | 201,516 | |
Ukraine - 0.1% | |||
NAK Naftogaz Ukraine 7.65% (Reg. S) (h) | 380,000 | 252,700 | |
United Arab Emirates - 1.0% | |||
Abu Dhabi National Energy Co. PJSC: | |||
4% 10/3/49 (b) | 390,000 | 280,800 | |
4.696% 4/24/33 (b) | 165,000 | 151,388 | |
4.875% 4/23/30 (b) | 50,000 | 47,854 | |
Galaxy Pipeline Assets BidCo Ltd.: | |||
2.16% 3/31/34 (b) | 382,248 | 308,187 | |
2.625% 3/31/36 (b) | 570,000 | 426,075 | |
GEMS MENASA Cayman Ltd. 7.125% 7/31/26 (b) | 250,000 | 239,375 | |
MDGH GMTN RSC Ltd.: | |||
4.375% 11/22/33 (b) | 200,000 | 177,000 | |
5.084% 5/22/53 (b) | 265,000 | 219,619 | |
5.5% 4/28/33 (b) | 200,000 | 193,500 | |
2,043,798 | |||
Uzbekistan - 0.1% | |||
Uzbekneftegaz JSC 4.75% 11/16/28 (b) | 180,000 | 141,300 | |
Venezuela - 0.8% | |||
Petroleos de Venezuela SA: | |||
6% (b)(h) | 5,700,000 | 723,900 | |
6% (Reg. S) (h) | 6,800,000 | 846,600 | |
1,570,500 | |||
Vietnam - 0.2% | |||
Mong Duong Finance Holdings BV 5.125% 5/7/29 (b) | 440,000 | 396,229 | |
TOTAL NONCONVERTIBLE BONDS | 33,318,326 | ||
TOTAL CORPORATE BONDS (Cost $42,304,825) | 33,825,037 | ||
Government Obligations - 24.0% | |||
Principal Amount (g) | Value ($) | ||
Angola - 0.7% | �� | ||
Angola Republic: | |||
8.25% 5/9/28 (b) | 720,000 | 611,100 | |
8.75% 4/14/32 (b) | 200,000 | 156,500 | |
9.125% 11/26/49 (b) | 225,000 | 158,063 | |
9.375% 5/8/48 (b) | 290,000 | 206,625 | |
9.5% 11/12/25 (b) | 365,000 | 350,058 | |
TOTAL ANGOLA | 1,482,346 | ||
Argentina - 0.7% | |||
Argentine Republic: | |||
0.75% 7/9/30 (i) | 1,400,365 | 389,301 | |
1% 7/9/29 | 498,666 | 133,393 | |
3.625% 7/9/35 (i) | 1,537,734 | 378,283 | |
4.25% 1/9/38 (i) | 1,186,834 | 357,237 | |
Buenos Aires Province 6.375% 9/1/37 (b)(i) | 380,000 | 121,801 | |
TOTAL ARGENTINA | 1,380,015 | ||
Armenia - 0.1% | |||
Republic of Armenia 3.6% 2/2/31 (b) | 300,000 | 220,500 | |
Barbados - 0.1% | |||
Barbados Government 6.5% 10/1/29 (b) | 290,000 | 269,471 | |
Benin - 0.0% | |||
Republic of Benin 4.875% 1/19/32 (b) | EUR | 140,000 | 110,532 |
Brazil - 0.6% | |||
Brazilian Federative Republic: | |||
3.875% 6/12/30 | 775,000 | 665,113 | |
4.75% 1/14/50 | 505,000 | 337,088 | |
6% 10/20/33 | 295,000 | 272,875 | |
TOTAL BRAZIL | 1,275,076 | ||
Chile - 0.6% | |||
Chilean Republic: | |||
2.45% 1/31/31 | 535,000 | 429,605 | |
3.1% 1/22/61 | 340,000 | 181,730 | |
3.5% 1/31/34 | 280,000 | 224,280 | |
4% 1/31/52 | 200,000 | 137,500 | |
4.34% 3/7/42 | 200,000 | 154,500 | |
5.33% 1/5/54 | 230,000 | 194,350 | |
TOTAL CHILE | 1,321,965 | ||
Colombia - 1.1% | |||
Colombian Republic: | |||
3% 1/30/30 | 715,000 | 549,120 | |
3.125% 4/15/31 | 548,000 | 403,602 | |
5% 6/15/45 | 515,000 | 327,025 | |
5.2% 5/15/49 | 185,000 | 117,753 | |
6.125% 1/18/41 | 200,000 | 152,000 | |
7.375% 9/18/37 | 425,000 | 381,438 | |
7.5% 2/2/34 | 200,000 | 186,500 | |
8% 4/20/33 | 160,000 | 155,760 | |
TOTAL COLOMBIA | 2,273,198 | ||
Costa Rica - 0.5% | |||
Costa Rican Republic: | |||
5.625% 4/30/43 (b) | 425,000 | 337,875 | |
6.125% 2/19/31 (b) | 315,000 | 299,250 | |
6.55% 4/3/34 (b) | 245,000 | 232,873 | |
7% 4/4/44 (b) | 105,000 | 96,128 | |
TOTAL COSTA RICA | 966,126 | ||
Dominican Republic - 1.5% | |||
Dominican Republic: | |||
4.5% 1/30/30 (b) | 515,000 | 435,433 | |
4.875% 9/23/32 (b) | 870,000 | 703,395 | |
5.3% 1/21/41 (b) | 200,000 | 145,200 | |
5.875% 1/30/60 (b) | 900,000 | 638,100 | |
6% 7/19/28 (b) | 250,000 | 236,250 | |
6% 2/22/33 (b) | 425,000 | 373,788 | |
6.5% 2/15/48 (b) | 200,000 | 158,800 | |
6.85% 1/27/45 (b) | 350,000 | 291,375 | |
7.05% 2/3/31 (b) | 150,000 | 143,700 | |
TOTAL DOMINICAN REPUBLIC | 3,126,041 | ||
Ecuador - 0.5% | |||
Ecuador Republic: | |||
2.5% 7/31/40 (b)(i) | 250,000 | 83,625 | |
3.5% 7/31/35 (b)(i) | 1,280,256 | 485,217 | |
6% 7/31/30 (b)(i) | 925,630 | 468,832 | |
TOTAL ECUADOR | 1,037,674 | ||
Egypt - 0.8% | |||
Arab Republic of Egypt: | |||
7.0529% 1/15/32 (b) | 665,000 | 375,725 | |
7.5% 2/16/61 (b) | 395,000 | 194,538 | |
7.903% 2/21/48 (b) | 865,000 | 437,906 | |
8.5% 1/31/47 (b) | 1,160,000 | 601,518 | |
TOTAL EGYPT | 1,609,687 | ||
El Salvador - 0.2% | |||
El Salvador Republic 7.1246% 1/20/50 (b) | 560,000 | 348,320 | |
Gabon - 0.2% | |||
Gabonese Republic: | |||
6.95% 6/16/25 (b) | 200,000 | 173,500 | |
7% 11/24/31 (b) | 390,000 | 273,975 | |
TOTAL GABON | 447,475 | ||
Ghana - 0.4% | |||
Ghana Republic: | |||
8.125% (b)(h) | 500,000 | 219,375 | |
8.627% (b)(h) | 615,000 | 256,763 | |
10.75% 10/14/30 (b) | 475,000 | 295,688 | |
TOTAL GHANA | 771,826 | ||
Guatemala - 0.2% | |||
Guatemalan Republic: | |||
6.125% 6/1/50 (b) | 350,000 | 278,250 | |
6.6% 6/13/36 (b) | 200,000 | 184,800 | |
TOTAL GUATEMALA | 463,050 | ||
Hungary - 0.4% | |||
Hungarian Republic: | |||
2.125% 9/22/31 (b) | 300,000 | 215,819 | |
3.125% 9/21/51 (b) | 560,000 | 295,714 | |
5.5% 6/16/34 (b) | 95,000 | 84,540 | |
6.25% 9/22/32 (b) | 200,000 | 192,122 | |
TOTAL HUNGARY | 788,195 | ||
Indonesia - 0.6% | |||
Indonesian Republic: | |||
3.35% 3/12/71 | 470,000 | 269,254 | |
3.5% 2/14/50 | 380,000 | 246,723 | |
4.2% 10/15/50 | 600,000 | 439,350 | |
8.5% 10/12/35 (b) | 300,000 | 357,900 | |
TOTAL INDONESIA | 1,313,227 | ||
Ivory Coast - 0.4% | |||
Ivory Coast: | |||
5.875% 10/17/31 (b) | EUR | 255,000 | 217,539 |
6.375% 3/3/28 (b) | 635,000 | 588,963 | |
TOTAL IVORY COAST | 806,502 | ||
Jordan - 0.2% | |||
Jordanian Kingdom: | |||
5.85% 7/7/30 (b) | 200,000 | 168,750 | |
7.375% 10/10/47 (b) | 280,000 | 211,050 | |
TOTAL JORDAN | 379,800 | ||
Kenya - 0.4% | |||
Republic of Kenya: | |||
6.3% 1/23/34 (b) | 480,000 | 328,800 | |
6.875% 6/24/24 (b) | 275,000 | 263,656 | |
7% 5/22/27 (b) | 315,000 | 274,050 | |
TOTAL KENYA | 866,506 | ||
Lebanon - 0.2% | |||
Lebanese Republic 6.375% (h) | 7,090,000 | 426,534 | |
Mexico - 0.9% | |||
United Mexican States: | |||
2.659% 5/24/31 | 400,000 | 311,400 | |
3.25% 4/16/30 | 400,000 | 336,800 | |
4.35% 1/15/47 | 850,000 | 573,325 | |
4.75% 3/8/44 | 450,000 | 331,776 | |
6.338% 5/4/53 | 200,000 | 173,300 | |
6.35% 2/9/35 | 220,000 | 209,660 | |
TOTAL MEXICO | 1,936,261 | ||
Nigeria - 1.0% | |||
Republic of Nigeria: | |||
6.125% 9/28/28 (b) | 325,000 | 264,063 | |
6.5% 11/28/27 (b) | 705,000 | 606,300 | |
7.143% 2/23/30 (b) | 850,000 | 681,063 | |
7.625% 11/28/47 (b) | 300,000 | 201,750 | |
8.25% 9/28/51 (b) | 200,000 | 139,750 | |
8.375% 3/24/29 (b) | 190,000 | 166,013 | |
TOTAL NIGERIA | 2,058,939 | ||
Oman - 1.2% | |||
Sultanate of Oman: | |||
5.625% 1/17/28 (b) | 420,000 | 404,779 | |
6% 8/1/29 (b) | 285,000 | 276,450 | |
6.25% 1/25/31 (b) | 575,000 | 558,469 | |
6.5% 3/8/47 (b) | 1,275,000 | 1,106,063 | |
7% 1/25/51 (b) | 115,000 | 105,513 | |
TOTAL OMAN | 2,451,274 | ||
Pakistan - 0.3% | |||
Islamic Republic of Pakistan: | |||
6% 4/8/26 (b) | 695,000 | 377,107 | |
6.875% 12/5/27 (b) | 560,000 | 292,432 | |
TOTAL PAKISTAN | 669,539 | ||
Panama - 0.8% | |||
Panamanian Republic: | |||
2.252% 9/29/32 | 485,000 | 327,860 | |
3.16% 1/23/30 | 385,000 | 308,770 | |
3.298% 1/19/33 | 190,000 | 139,460 | |
3.87% 7/23/60 | 510,000 | 266,220 | |
4.5% 5/15/47 | 405,000 | 260,213 | |
6.4% 2/14/35 | 250,000 | 227,250 | |
6.853% 3/28/54 | 200,000 | 170,600 | |
TOTAL PANAMA | 1,700,373 | ||
Paraguay - 0.3% | |||
Republic of Paraguay: | |||
2.739% 1/29/33 (b) | 415,000 | 308,138 | |
5.4% 3/30/50 (b) | 415,000 | 310,213 | |
5.6% 3/13/48 (b) | 65,000 | 49,920 | |
TOTAL PARAGUAY | 668,271 | ||
Peru - 0.5% | |||
Peruvian Republic: | |||
2.783% 1/23/31 | 435,000 | 348,435 | |
3% 1/15/34 | 260,000 | 196,170 | |
3.3% 3/11/41 | 635,000 | 419,418 | |
TOTAL PERU | 964,023 | ||
Philippines - 0.4% | |||
Philippine Republic: | |||
2.65% 12/10/45 | 430,000 | 248,983 | |
2.95% 5/5/45 | 320,000 | 196,058 | |
5.5% 1/17/48 | 200,000 | 179,202 | |
5.95% 10/13/47 | 225,000 | 214,040 | |
TOTAL PHILIPPINES | 838,283 | ||
Poland - 0.3% | |||
Bank Gospodarstwa Krajowego: | |||
5.375% 5/22/33 (b) | 200,000 | 186,000 | |
6.25% 10/31/28 (b) | 200,000 | 202,250 | |
Polish Government 5.5% 4/4/53 | 170,000 | 149,340 | |
TOTAL POLAND | 537,590 | ||
Qatar - 1.0% | |||
State of Qatar: | |||
4.4% 4/16/50 (b) | 1,125,000 | 866,953 | |
4.625% 6/2/46 (b) | 600,000 | 488,438 | |
4.817% 3/14/49 (b) | 855,000 | 698,695 | |
TOTAL QATAR | 2,054,086 | ||
Romania - 0.5% | |||
Romanian Republic: | |||
3% 2/27/27 (b) | 334,000 | 302,143 | |
3.624% 5/26/30 (b) | EUR | 135,000 | 122,930 |
3.625% 3/27/32 (b) | 334,000 | 263,700 | |
6.125% 1/22/44 (b) | 400,000 | 344,120 | |
TOTAL ROMANIA | 1,032,893 | ||
Rwanda - 0.2% | |||
Rwanda Republic 5.5% 8/9/31 (b) | 470,000 | 354,850 | |
Saudi Arabia - 0.3% | |||
Kingdom of Saudi Arabia: | |||
2.25% 2/2/33 (b) | 445,000 | 334,306 | |
3.45% 2/2/61 (b) | 570,000 | 330,600 | |
TOTAL SAUDI ARABIA | 664,906 | ||
Senegal - 0.2% | |||
Republic of Senegal: | |||
6.25% 5/23/33 (b) | 235,000 | 185,944 | |
6.75% 3/13/48 (b) | 200,000 | 132,500 | |
TOTAL SENEGAL | 318,444 | ||
Serbia - 0.3% | |||
Republic of Serbia: | |||
2.125% 12/1/30 (b) | 620,000 | 453,728 | |
6.25% 5/26/28 (b) | 105,000 | 101,844 | |
TOTAL SERBIA | 555,572 | ||
South Africa - 0.6% | |||
South African Republic: | |||
4.85% 9/27/27 | 400,000 | 368,500 | |
5% 10/12/46 | 155,000 | 93,775 | |
5.65% 9/27/47 | 325,000 | 211,250 | |
5.75% 9/30/49 | 795,000 | 516,750 | |
TOTAL SOUTH AFRICA | 1,190,275 | ||
Sri Lanka - 0.4% | |||
Democratic Socialist Republic of Sri Lanka: | |||
6.2% (b)(h) | 735,000 | 363,891 | |
6.85% (b)(h) | 695,000 | 355,903 | |
7.55% (b)(h) | 150,000 | 74,465 | |
7.85% (b)(h) | 210,000 | 103,895 | |
TOTAL SRI LANKA | 898,154 | ||
Turkey - 1.3% | |||
Export Credit Bank of Turkey 9% 1/28/27 (b) | 200,000 | 200,500 | |
Turkish Republic: | |||
4.875% 10/9/26 | 520,000 | 478,400 | |
4.875% 4/16/43 | 1,055,000 | 639,594 | |
5.125% 2/17/28 | 245,000 | 216,825 | |
5.75% 5/11/47 | 405,000 | 263,756 | |
6.125% 10/24/28 | 220,000 | 199,375 | |
6.625% 2/17/45 | 15,000 | 11,063 | |
9.125% 7/13/30 | 220,000 | 219,450 | |
9.375% 3/14/29 | 495,000 | 503,663 | |
TOTAL TURKEY | 2,732,626 | ||
Ukraine - 0.7% | |||
Ukraine Government: | |||
6.876% 5/21/31 (b) | 200,000 | 49,300 | |
7.253% 3/15/35 (b) | 380,000 | 95,570 | |
7.375% 9/25/34 (b) | 200,000 | 50,300 | |
7.75% 9/1/25 (b) | 830,000 | 253,150 | |
7.75% 9/1/26 (b) | 830,000 | 236,434 | |
7.75% 9/1/27 (b) | 345,000 | 97,980 | |
7.75% 9/1/28 (b) | 560,000 | 156,800 | |
7.75% 9/1/29 (b) | 400,000 | 111,200 | |
7.75% 8/1/41 (b)(j) | 775,000 | 319,416 | |
TOTAL UKRAINE | 1,370,150 | ||
United Arab Emirates - 0.4% | |||
Emirate of Abu Dhabi 3.125% 9/30/49 (b) | 410,000 | 250,869 | |
Emirate of Dubai: | |||
3.9% 9/9/50 (Reg. S) | 650,000 | 416,000 | |
5.25% 1/30/43 (Reg. S) | 295,000 | 250,013 | |
TOTAL UNITED ARAB EMIRATES | 916,882 | ||
United States of America - 0.8% | |||
U.S. Treasury Bills, yield at date of purchase 5.42% 1/11/24 (k) | 40,000 | 39,582 | |
U.S. Treasury Bonds: | |||
2.875% 5/15/52 | 1,533,000 | 1,022,978 | |
3.625% 2/15/53 | 399,000 | 310,908 | |
U.S. Treasury Notes: | |||
3.625% 3/31/30 | 147,000 | 136,515 | |
4% 2/28/30 | 252,000 | 239,341 | |
TOTAL UNITED STATES OF AMERICA | 1,749,324 | ||
Uruguay - 0.3% | |||
Uruguay Republic 5.1% 6/18/50 | 730,000 | 629,260 | |
Uzbekistan - 0.2% | |||
Republic of Uzbekistan: | |||
3.7% 11/25/30 (b) | 200,000 | 152,400 | |
3.9% 10/19/31 (b) | 240,000 | 180,120 | |
TOTAL UZBEKISTAN | 332,520 | ||
Venezuela - 0.6% | |||
Venezuelan Republic 9.25% (h) | 6,200,000 | 1,148,240 | |
Zambia - 0.1% | |||
Republic of Zambia: | |||
8.5% (b)(h) | 50,000 | 30,516 | |
8.97% (b)(h) | 370,000 | 224,428 | |
TOTAL ZAMBIA | 254,944 | ||
TOTAL GOVERNMENT OBLIGATIONS (Cost $67,424,317) | 49,711,745 | ||
Preferred Securities - 1.0% | |||
Principal Amount (g) | Value ($) | ||
Georgia - 0.3% | |||
Georgia Bank Joint Stock Co. 11.125% (Reg. S) (j)(l) | 700,000 | 719,228 | |
Mexico - 0.4% | |||
Banco Mercantil del Norte SA: | |||
6.75% (b)(j)(l) | 370,000 | 360,861 | |
7.625% (b)(j)(l) | 125,000 | 113,330 | |
CEMEX S.A.B. de CV 5.125% (b)(j)(l) | 400,000 | 371,185 | |
TOTAL MEXICO | 845,376 | ||
United Arab Emirates - 0.3% | |||
DP World Salaam 6% (Reg. S) (j)(l) | 600,000 | 597,592 | |
TOTAL PREFERRED SECURITIES (Cost $2,358,078) | 2,162,196 | ||
Money Market Funds - 1.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (m) | 2,631,726 | 2,632,253 | |
Fidelity Securities Lending Cash Central Fund 5.40% (m)(n) | 255,408 | 255,433 | |
TOTAL MONEY MARKET FUNDS (Cost $2,887,389) | 2,887,686 | ||
TOTAL INVESTMENT IN SECURITIES - 99.4% (Cost $229,062,667) | 206,098,001 |
NET OTHER ASSETS (LIABILITIES) - 0.6% | 1,148,143 |
NET ASSETS - 100.0% | 207,246,144 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 7 | Dec 2023 | 321,720 | 1,153 | 1,153 |
The notional amount of futures purchased as a percentage of Net Assets is 0.2% |
EUR | - | European Monetary Unit |
(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 $63,156,787 or 30.5% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(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 $1,771,024 or 0.9% of net assets. |
(f) | Level 3 security |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Non-income producing - Security is in default. |
(i) | 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. |
(j) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(k) | 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 $34,634. |
(l) | Security is perpetual in nature with no stated maturity date. |
(m) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(n) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ant International Co. Ltd. 3.55% 8/14/24 | 8/14/23 | 585,256 |
Creditas Financial Solutions Ltd. 5% 7/28/27 | 1/28/22 - 7/28/23 | 506,964 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 169,898 |
Gupshup, Inc. | 6/08/21 | 192,273 |
Jumo World Holding Ltd. | 9/06/23 | 30,055 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 8,147,400 | 118,099,822 | 123,614,969 | 281,146 | - | - | 2,632,253 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 421,999 | 7,480,353 | 7,646,919 | 3,815 | - | - | 255,433 | 0.0% |
Total | 8,569,399 | 125,580,175 | 131,261,888 | 284,961 | - | - | 2,887,686 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 10,571,532 | 2,122,504 | 7,487,452 | 961,576 |
Consumer Discretionary | 18,205,861 | 6,435,909 | 11,307,719 | 462,233 |
Consumer Staples | 7,694,525 | 2,170,223 | 4,717,900 | 806,402 |
Energy | 5,690,544 | 1,998,120 | 3,173,721 | 518,703 |
Financials | 26,899,228 | 11,849,761 | 14,345,335 | 704,132 |
Health Care | 4,645,630 | 1,044,370 | 3,530,804 | 70,456 |
Industrials | 6,339,213 | 2,393,086 | 3,946,127 | - |
Information Technology | 23,023,657 | 1,694,190 | 21,224,354 | 105,113 |
Materials | 9,305,532 | 4,936,395 | 4,367,161 | 1,976 |
Real Estate | 1,814,839 | 665,017 | 1,149,062 | 760 |
Utilities | 3,320,776 | 953,972 | 2,366,804 | - |
Corporate Bonds | 33,825,037 | - | 32,535,976 | 1,289,061 |
Government Obligations | 49,711,745 | - | 49,711,745 | - |
Preferred Securities | 2,162,196 | - | 2,162,196 | - |
Money Market Funds | 2,887,686 | 2,887,686 | - | - |
Total Investments in Securities: | 206,098,001 | 39,151,233 | 162,026,356 | 4,920,412 |
Derivative Instruments: Assets | ||||
Futures Contracts | 1,153 | 1,153 | - | - |
Total Assets | 1,153 | 1,153 | - | - |
Total Derivative Instruments: | 1,153 | 1,153 | - | - |
Investments in Securities: | |||
Beginning Balance | $ | 2,348,844 | |
Net Realized Gain (Loss) on Investment Securities | (791,838) | ||
Net Unrealized Gain (Loss) on Investment Securities | 3,447,478 | ||
Cost of Purchases | 1,321,791 | ||
Proceeds of Sales | (1,405,863) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 4,920,412 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | 2,494,526 | |
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. |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,153 | 0 |
Total Equity Risk | 1,153 | 0 |
Total Value of Derivatives | 1,153 | 0 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $242,416) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $226,175,278) | $ | 203,210,315 | ||
Fidelity Central Funds (cost $2,887,389) | 2,887,686 | |||
Total Investment in Securities (cost $229,062,667) | $ | 206,098,001 | ||
Cash | 365,880 | |||
Foreign currency held at value (cost $701) | 701 | |||
Receivable for investments sold | 914,278 | |||
Receivable for fund shares sold | 32,638 | |||
Dividends receivable | 173,077 | |||
Interest receivable | 1,706,519 | |||
Distributions receivable from Fidelity Central Funds | 14,421 | |||
Prepaid expenses | 324 | |||
Other receivables | 102,607 | |||
Total assets | 209,408,446 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 762,034 | ||
Delayed delivery | 5,601 | |||
Payable for fund shares redeemed | 456,230 | |||
Accrued management fee | 136,048 | |||
Distribution and service plan fees payable | 18,847 | |||
Payable for daily variation margin on futures contracts | 4,566 | |||
Other affiliated payables | 43,449 | |||
Deferred taxes | 365,449 | |||
Other payables and accrued expenses | 114,645 | |||
Collateral on securities loaned | 255,433 | |||
Total Liabilities | 2,162,302 | |||
Net Assets | $ | 207,246,144 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 260,843,262 | ||
Total accumulated earnings (loss) | (53,597,118) | |||
Net Assets | $ | 207,246,144 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($29,937,806 ÷ 2,703,770 shares)(a) | $ | 11.07 | ||
Maximum offering price per share (100/94.25 of $11.07) | $ | 11.75 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,477,044 ÷ 586,133 shares)(a) | $ | 11.05 | ||
Maximum offering price per share (100/96.50 of $11.05) | $ | 11.45 | ||
Class C : | ||||
Net Asset Value and offering price per share ($11,349,410 ÷ 1,032,637 shares)(a) | $ | 10.99 | ||
Total Emerging Markets : | ||||
Net Asset Value, offering price and redemption price per share ($79,639,732 ÷ 7,169,339 shares) | $ | 11.11 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($68,873,588 ÷ 6,207,553 shares) | $ | 11.10 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($10,968,564 ÷ 990,760 shares) | $ | 11.07 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 4,489,730 | ||
Interest | 6,738,114 | |||
Income from Fidelity Central Funds (including $3,815 from security lending) | 284,961 | |||
Income before foreign taxes withheld | $ | 11,512,805 | ||
Less foreign taxes withheld | (389,101) | |||
Total Income | 11,123,704 | |||
Expenses | ||||
Management fee | $ | 1,875,906 | ||
Transfer agent fees | 459,265 | |||
Distribution and service plan fees | 248,485 | |||
Accounting fees | 114,259 | |||
Custodian fees and expenses | 169,833 | |||
Independent trustees' fees and expenses | 1,592 | |||
Registration fees | 87,794 | |||
Audit | 130,440 | |||
Legal | 1,749 | |||
Miscellaneous | 1,125 | |||
Total expenses before reductions | 3,090,448 | |||
Expense reductions | (12,815) | |||
Total expenses after reductions | 3,077,633 | |||
Net Investment income (loss) | 8,046,071 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $272,577) | (2,454,137) | |||
Foreign currency transactions | (275,005) | |||
Futures contracts | (56,530) | |||
Total net realized gain (loss) | (2,785,672) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $62,265) | 27,079,539 | |||
Assets and liabilities in foreign currencies | 56,734 | |||
Futures contracts | 1,153 | |||
Total change in net unrealized appreciation (depreciation) | 27,137,426 | |||
Net gain (loss) | 24,351,754 | |||
Net increase (decrease) in net assets resulting from operations | $ | 32,397,825 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 8,046,071 | $ | 10,825,203 |
Net realized gain (loss) | (2,785,672) | (12,640,549) | ||
Change in net unrealized appreciation (depreciation) | 27,137,426 | (173,003,840) | ||
Net increase (decrease) in net assets resulting from operations | 32,397,825 | (174,819,186) | ||
Distributions to shareholders | (7,044,986) | (11,768,448) | ||
Share transactions - net increase (decrease) | (70,365,479) | (182,422,186) | ||
Total increase (decrease) in net assets | (45,012,640) | (369,009,820) | ||
Net Assets | ||||
Beginning of period | 252,258,784 | 621,268,604 | ||
End of period | $ | 207,246,144 | $ | 252,258,784 |
Fidelity Advisor® Total Emerging Markets Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.53 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .36 | .28 | .20 | .19 | .37 C | |||||
Net realized and unrealized gain (loss) | .91 | (5.19) | 1.67 | .89 | 1.14 | |||||
Total from investment operations | 1.27 | (4.91) | 1.87 | 1.08 | 1.51 | |||||
Distributions from net investment income | (.29) | (.26) | (.16) | (.33) | (.24) | |||||
Total distributions | (.29) | (.26) | (.16) | (.33) | (.24) | |||||
Net asset value, end of period | $ | 11.07 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 |
Total Return D,E | 12.57% | (32.69)% | 13.78% | 8.54% | 13.38% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.45% | 1.39% | 1.36% | 1.40% | 1.39% | |||||
Expenses net of fee waivers, if any | 1.44% | 1.39% | 1.36% | 1.39% | 1.39% | |||||
Expenses net of all reductions | 1.44% | 1.39% | 1.36% | 1.37% | 1.39% | |||||
Net investment income (loss) | 3.16% | 2.21% | 1.26% | 1.49% | 3.02% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 29,938 | $ | 28,302 | $ | 46,981 | $ | 37,022 | $ | 39,958 |
Portfolio turnover rate H | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.07 | $ | 15.23 | $ | 13.52 | $ | 12.78 | $ | 11.51 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .33 | .24 | .15 | .15 | .33 C | |||||
Net realized and unrealized gain (loss) | .91 | (5.19) | 1.67 | .88 | 1.15 | |||||
Total from investment operations | 1.24 | (4.95) | 1.82 | 1.03 | 1.48 | |||||
Distributions from net investment income | (.26) | (.21) | (.11) | (.29) | (.21) | |||||
Total distributions | (.26) | (.21) | (.11) | (.29) | (.21) | |||||
Net asset value, end of period | $ | 11.05 | $ | 10.07 | $ | 15.23 | $ | 13.52 | $ | 12.78 |
Total Return D,E | 12.26% | (32.92)% | 13.47% | 8.16% | 13.05% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.74% | 1.69% | 1.66% | 1.71% | 1.72% | |||||
Expenses net of fee waivers, if any | 1.74% | 1.69% | 1.66% | 1.71% | 1.71% | |||||
Expenses net of all reductions | 1.73% | 1.69% | 1.66% | 1.69% | 1.71% | |||||
Net investment income (loss) | 2.87% | 1.90% | .96% | 1.17% | 2.69% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 6,477 | $ | 6,237 | $ | 9,530 | $ | 7,885 | $ | 8,841 |
Portfolio turnover rate H | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.00 | $ | 15.09 | $ | 13.41 | $ | 12.66 | $ | 11.40 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .27 | .18 | .08 | .09 | .28 C | |||||
Net realized and unrealized gain (loss) | .90 | (5.15) | 1.65 | .89 | 1.13 | |||||
Total from investment operations | 1.17 | (4.97) | 1.73 | .98 | 1.41 | |||||
Distributions from net investment income | (.18) | (.12) | (.05) | (.23) | (.15) | |||||
Total distributions | (.18) | (.12) | (.05) | (.23) | (.15) | |||||
Net asset value, end of period | $ | 10.99 | $ | 10.00 | $ | 15.09 | $ | 13.41 | $ | 12.66 |
Total Return D,E | 11.68% | (33.17)% | 12.89% | 7.83% | 12.54% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 2.19% | 2.14% | 2.11% | 2.14% | 2.14% | |||||
Expenses net of fee waivers, if any | 2.19% | 2.13% | 2.11% | 2.14% | 2.14% | |||||
Expenses net of all reductions | 2.19% | 2.13% | 2.11% | 2.12% | 2.13% | |||||
Net investment income (loss) | 2.41% | 1.46% | .51% | .74% | 2.27% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 11,349 | $ | 13,469 | $ | 27,673 | $ | 28,884 | $ | 35,545 |
Portfolio turnover rate H | 33% | 67% | 58% | 58% | 75% |
Fidelity® Total Emerging Markets Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.12 | $ | 15.31 | $ | 13.59 | $ | 12.84 | $ | 11.56 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .39 | .32 | .24 | .22 | .40 C | |||||
Net realized and unrealized gain (loss) | .91 | (5.21) | 1.67 | .90 | 1.16 | |||||
Total from investment operations | 1.30 | (4.89) | 1.91 | 1.12 | 1.56 | |||||
Distributions from net investment income | (.31) | (.30) | (.19) | (.37) | (.28) | |||||
Total distributions | (.31) | (.30) | (.19) | (.37) | (.28) | |||||
Net asset value, end of period | $ | 11.11 | $ | 10.12 | $ | 15.31 | $ | 13.59 | $ | 12.84 |
Total Return D | 12.86% | (32.52)% | 14.06% | 8.79% | 13.80% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.20% | 1.12% | 1.11% | 1.16% | 1.14% | |||||
Expenses net of fee waivers, if any | 1.19% | 1.11% | 1.11% | 1.15% | 1.14% | |||||
Expenses net of all reductions | 1.19% | 1.11% | 1.11% | 1.14% | 1.14% | |||||
Net investment income (loss) | 3.41% | 2.48% | 1.51% | 1.73% | 3.27% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 79,640 | $ | 91,615 | $ | 259,331 | $ | 205,009 | $ | 199,708 |
Portfolio turnover rate G | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.11 | $ | 15.29 | $ | 13.57 | $ | 12.82 | $ | 11.55 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .39 | .32 | .24 | .22 | .41 C | |||||
Net realized and unrealized gain (loss) | .92 | (5.20) | 1.67 | .90 | 1.14 | |||||
Total from investment operations | 1.31 | (4.88) | 1.91 | 1.12 | 1.55 | |||||
Distributions from net investment income | (.32) | (.30) | (.19) | (.37) | (.28) | |||||
Total distributions | (.32) | (.30) | (.19) | (.37) | (.28) | |||||
Net asset value, end of period | $ | 11.10 | $ | 10.11 | $ | 15.29 | $ | 13.57 | $ | 12.82 |
Total Return D | 12.96% | (32.50)% | 14.10% | 8.85% | 13.77% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.16% | 1.10% | 1.09% | 1.11% | 1.11% | |||||
Expenses net of fee waivers, if any | 1.15% | 1.10% | 1.08% | 1.10% | 1.10% | |||||
Expenses net of all reductions | 1.15% | 1.10% | 1.08% | 1.09% | 1.10% | |||||
Net investment income (loss) | 3.45% | 2.49% | 1.54% | 1.78% | 3.30% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 68,874 | $ | 98,727 | $ | 209,635 | $ | 232,450 | $ | 372,286 |
Portfolio turnover rate G | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.55 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .41 | .34 | .26 | .24 | .43 C | |||||
Net realized and unrealized gain (loss) | .91 | (5.19) | 1.66 | .90 | 1.13 | |||||
Total from investment operations | 1.32 | (4.85) | 1.92 | 1.14 | 1.56 | |||||
Distributions from net investment income | (.34) | (.32) | (.21) | (.39) | (.31) | |||||
Total distributions | (.34) | (.32) | (.21) | (.39) | (.31) | |||||
Net asset value, end of period | $ | 11.07 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 |
Total Return D | 13.04% | (32.40)% | 14.21% | 9.03% | 13.85% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.03% | .97% | .96% | .98% | .98% | |||||
Expenses net of fee waivers, if any | 1.02% | .97% | .96% | .98% | .97% | |||||
Expenses net of all reductions | 1.02% | .97% | .96% | .96% | .97% | |||||
Net investment income (loss) | 3.58% | 2.62% | 1.66% | 1.91% | 3.43% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 10,969 | $ | 13,909 | $ | 68,119 | $ | 56,395 | $ | 61,175 |
Portfolio turnover rate G | 33% | 67% | 58% | 58% | 75% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $3,631,351 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.5 - 3.3 / 3.1 | Increase |
Market approach | Transaction price | $13.75 - $15.25 / $14.50 | Increase | ||
Discount rate | 20.0% - 50.0% / 20.8% | Decrease | |||
Indicative market price | Bid price | $65.00 | Increase | ||
Recovery value | Recovery value | $0.00 | Increase | ||
Black scholes | Discount rate | 4.9% | Increase | ||
Volatility | 60.0% | Increase | |||
Term | 3.0 | Increase | |||
Corporate Bonds | $1,289,061 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 6.0 | Increase |
Indicative market price | Evaluated bid | $100.01 | Increase | ||
Discounted cash flow | Discount rate | 4.3% | Decrease | ||
Gross unrealized appreciation | $31,012,531 |
Gross unrealized depreciation | (56,312,184) |
Net unrealized appreciation (depreciation) | $(25,299,653) |
Tax Cost | $231,397,654 |
Undistributed ordinary income | $5,369,562 |
Capital loss carryforward | $(33,275,951) |
Net unrealized appreciation (depreciation) on securities and other investments | $(25,325,282) |
Short-term | $(32,318,283) |
Long-term | (957,668) |
Total capital loss carryforward | $(33,275,951) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $7,044,986 | $ 11,768,448 |
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 | 75,439,968 | 141,133,766 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $78,482 | $911 |
Class M | .25% | .25% | 34,362 | 104 |
Class C | .75% | .25% | 135,641 | 10,256 |
$248,485 | $11,271 |
Retained by FDC | |
Class A | $11,521 |
Class M | 817 |
Class CA | 147 |
$12,485 |
Amount | % of Class-Level Average Net Assets | |
Class A | $67,260 | .21 |
Class M | 17,543 | .26 |
Class C | 27,759 | .20 |
Total Emerging Markets | 196,801 | .21 |
Class I | 144,375 | .17 |
Class Z | 5,527 | .04 |
$459,265 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
Total Emerging Markets | 0.2000% |
Class I | 0.1693% |
% of Average Net Assets | |
Fidelity Total Emerging Markets Fund | .05 |
% of Average Net Assets | |
Fidelity Total Emerging Markets Fund | 0.0471% |
Amount | |
Fidelity Total Emerging Markets Fund | $630 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Total Emerging Markets Fund | 854,041 | 3,320,149 | (168,243) |
Amount | |
Fidelity Total Emerging Markets Fund | $452 |
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 | $398 | $- | $- |
Expense reduction | |
Class M | $287 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Total Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 451,041 | 539,278 | $5,132,208 | $6,972,605 |
Reinvestment of distributions | 71,386 | 54,325 | 792,381 | 781,197 |
Shares redeemed | (623,211) | (867,088) | (7,049,102) | (10,923,910) |
Net increase (decrease) | (100,784) | (273,485) | $(1,124,513) | $(3,170,108) |
Class M | ||||
Shares sold | 28,227 | 68,332 | $321,892 | $870,856 |
Reinvestment of distributions | 14,022 | 8,958 | 155,787 | 128,908 |
Shares redeemed | (75,454) | (83,685) | (856,020) | (1,103,957) |
Net increase (decrease) | (33,205) | (6,395) | $(378,341) | $(104,193) |
Class C | ||||
Shares sold | 104,348 | 172,996 | $1,182,359 | $2,372,908 |
Reinvestment of distributions | 21,155 | 15,806 | 234,608 | 226,656 |
Shares redeemed | (440,401) | (675,110) | (4,961,807) | (8,531,245) |
Net increase (decrease) | (314,898) | (486,308) | $(3,544,840) | $(5,931,681) |
Total Emerging Markets | ||||
Shares sold | 563,824 | 20,327,420 | $6,430,664 | $276,182,533 |
Reinvestment of distributions | 206,717 | 196,824 | 2,296,623 | 2,832,302 |
Shares redeemed | (2,655,457) | (28,410,344) | (30,066,472) | (367,959,039) |
Net increase (decrease) | (1,884,916) | (7,886,100) | $(21,339,185) | $(88,944,204) |
Class I | ||||
Shares sold | 918,341 | 1,916,908 | $10,406,208 | $24,629,924 |
Reinvestment of distributions | 246,056 | 276,622 | 2,728,758 | 3,975,058 |
Shares redeemed | (4,721,988) | (6,138,529) | (53,094,986) | (76,056,229) |
Net increase (decrease) | (3,557,591) | (3,944,999) | $(39,960,020) | $(47,451,247) |
Class Z | ||||
Shares sold | 923,752 | 486,703 | $10,820,507 | $6,448,746 |
Reinvestment of distributions | 25,674 | 72,407 | 283,693 | 1,036,865 |
Shares redeemed | (1,337,270) | (3,644,178) | (15,122,780) | (44,306,364) |
Net increase (decrease) | (387,844) | (3,085,068) | $(4,018,580) | $(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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Emerging Markets Discovery Fund | ||||||||||
Class A | 1.42% | |||||||||
Actual | $ 1,000 | $ 987.20 | $ 7.11 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.05 | $ 7.22 | |||||||
Class M | 1.68% | |||||||||
Actual | $ 1,000 | $ 985.90 | $ 8.41 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.74 | $ 8.54 | |||||||
Class C | 2.19% | |||||||||
Actual | $ 1,000 | $ 983.40 | $ 10.95 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.17 | $ 11.12 | |||||||
Fidelity® Emerging Markets Discovery Fund | 1.15% | |||||||||
Actual | $ 1,000 | $ 988.60 | $ 5.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.41 | $ 5.85 | |||||||
Class I | 1.12% | |||||||||
Actual | $ 1,000 | $ 988.70 | $ 5.61 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.56 | $ 5.70 | |||||||
Class Z | .99% | |||||||||
Actual | $ 1,000 | $ 989.30 | $ 4.96 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.21 | $ 5.04 | |||||||
Fidelity® Total Emerging Markets Fund | ||||||||||
Class A | 1.45% | |||||||||
Actual | $ 1,000 | $ 977.10 | $ 7.23 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.90 | $ 7.38 | |||||||
Class M | 1.74% | |||||||||
Actual | $ 1,000 | $ 975.30 | $ 8.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.43 | $ 8.84 | |||||||
Class C | 2.19% | |||||||||
Actual | $ 1,000 | $ 973.40 | $ 10.89 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.17 | $ 11.12 | |||||||
Fidelity® Total Emerging Markets Fund | 1.20% | |||||||||
Actual | $ 1,000 | $ 978.00 | $ 5.98 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.16 | $ 6.11 | |||||||
Class I | 1.16% | |||||||||
Actual | $ 1,000 | $ 978.80 | $ 5.79 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.36 | $ 5.90 | |||||||
Class Z | 1.03% | |||||||||
Actual | $ 1,000 | $ 978.80 | $ 5.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.01 | $ 5.24 | |||||||
Fidelity Emerging Markets Discovery Fund | $179,038 |
Fidelity Total Emerging Markets Fund | $2,925,102 |
Class A | Class M | Class C | Retail | Class I | Class Z | |
Fidelity Emerging Markets Discovery Fund | ||||||
December 09, 2022 | 96.87% | 100.00% | 100.00% | 83.51% | 79.67% | 77.38% |
December 28, 2022 | 89.79% | 89.79% | 89.79% | 89.79% | 89.79% | 89.79% |
Fidelity Total Emerging Markets Fund | ||||||
December 2022 | 57.06% | 62.94% | 82.53% | 53.72% | 52.46% | 50.48% |
Pay Date | Income | Taxes | |
Fidelity Emerging Markets Discovery Fund | |||
Class A | 12/12/2022 | $0.2490 | $0.0602 |
Class A | 12/29/2022 | $0.0000 | $0.0000 |
Class M | 12/12/2022 | $0.2062 | $0.0602 |
Class M | 12/29/2022 | $0.0000 | $0.0000 |
Class C | 12/12/2022 | $0.1316 | $0.0602 |
Class C | 12/29/2022 | $0.0000 | $0.0000 |
Emerging Markets Discovery | 12/12/2022 | $0.2888 | $0.0602 |
Emerging Markets Discovery | 12/29/2022 | $0.0000 | $0.0000 |
Class I | 12/12/2022 | $0.3028 | $0.0602 |
Class I | 12/29/2022 | $0.0000 | $0.0000 |
Class Z | 12/12/2022 | $0.3117 | $0.0602 |
Class Z | 12/29/2022 | $0.0000 | $0.0000 |
Fidelity Total Emerging Markets Fund | |||
Class A | 12/12/2022 | $0.3532 | $0.0642 |
Class M | 12/12/2022 | $0.3202 | $0.0642 |
Class C | 12/12/2022 | $0.2442 | $0.0642 |
Total Emerging Markets | 12/12/2022 | $0.3752 | $0.0642 |
Class I | 12/12/2022 | $0.3842 | $0.0642 |
Class Z | 12/12/2022 | $0.3992 | $0.0642 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Class A (incl. 5.75% sales charge) | 6.44% | -18.91% |
Class M (incl. 3.50% sales charge) | 8.71% | -17.99% |
Class C (incl. contingent deferred sales charge) | 10.96% | -16.72% |
Fidelity® Sustainable Emerging Markets Equity Fund | 13.11% | -15.85% |
Class I | 13.11% | -15.85% |
Class Z | 13.42% | -15.72% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Sustainable Emerging Markets Equity Fund, a class of the fund, on February 10, 2022, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 8.4 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 6.3 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.3 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 4.4 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.9 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 2.0 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (China, Diversified Consumer Services) | 1.9 | |
Grupo Financiero Banorte S.A.B. de CV Series O (Mexico, Banks) | 1.8 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.8 | |
NetEase, Inc. ADR (China, Entertainment) | 1.6 | |
36.4 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 23.5 | |
Financials | 22.6 | |
Consumer Discretionary | 17.8 | |
Communication Services | 11.3 | |
Industrials | 4.8 | |
Consumer Staples | 4.7 | |
Health Care | 4.6 | |
Materials | 3.6 | |
Energy | 2.2 | |
Utilities | 1.4 | |
Real Estate | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Futures - 1.1% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.9% | |||
Shares | Value ($) | ||
Brazil - 4.3% | |||
Banco BTG Pactual SA unit | 7,843 | 46,046 | |
Banco do Brasil SA | 2,923 | 28,031 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 49,351 | 36,119 | |
Localiza Rent a Car SA | 3,277 | 33,064 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 23 | 32 | |
Raia Drogasil SA | 6,765 | 34,618 | |
TOTAL BRAZIL | 177,910 | ||
China - 32.9% | |||
Alibaba Group Holding Ltd. (a) | 15,141 | 155,878 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 299 | 24,679 | |
Baidu, Inc. sponsored ADR (a) | 120 | 12,600 | |
BeiGene Ltd. ADR (a) | 54 | 10,059 | |
BYD Co. Ltd. (H Shares) | 1,141 | 34,698 | |
China Construction Bank Corp. (H Shares) | 127,867 | 72,316 | |
China Life Insurance Co. Ltd. (H Shares) | 25,332 | 34,310 | |
China Merchants Bank Co. Ltd. (H Shares) | 1,859 | 7,052 | |
ENN Energy Holdings Ltd. | 1,424 | 10,787 | |
Flat Glass Group Co. Ltd. | 9,453 | 16,976 | |
Haier Smart Home Co. Ltd. | 7,462 | 21,284 | |
Innovent Biologics, Inc. (a)(b) | 3,789 | 22,329 | |
JD.com, Inc. sponsored ADR | 1,107 | 28,140 | |
Kweichow Moutai Co. Ltd. (A Shares) | 94 | 21,653 | |
Li Auto, Inc. ADR (a) | 718 | 24,276 | |
Meituan Class B (a)(b) | 4,521 | 64,085 | |
NetEase, Inc. ADR | 602 | 64,366 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 1,226 | 80,291 | |
PDD Holdings, Inc. ADR (a) | 1,193 | 120,994 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 9,685 | 49,127 | |
Qingdao Port International Co. Ltd. (H Shares) (b) | 15,963 | 7,974 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 1,439 | 56,255 | |
Shenzhou International Group Holdings Ltd. | 1,032 | 10,137 | |
Sinotruk Hong Kong Ltd. | 27,293 | 51,406 | |
Tencent Holdings Ltd. | 5,924 | 219,240 | |
Trip.com Group Ltd. ADR (a) | 1,629 | 55,386 | |
Will Semiconductor Ltd. | 700 | 10,563 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 615 | 13,112 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 1,178 | 14,155 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 4,154 | 25,829 | |
Zijin Mining Group Co. Ltd. (H Shares) | 12,243 | 18,939 | |
TOTAL CHINA | 1,358,896 | ||
Greece - 0.5% | |||
OPAP SA | 1,239 | 20,976 | |
Hungary - 0.7% | |||
Richter Gedeon PLC | 1,273 | 29,848 | |
India - 14.2% | |||
Axis Bank Ltd. | 3,696 | 43,599 | |
Bharti Airtel Ltd. | 3,969 | 43,577 | |
HDFC Bank Ltd. | 2,280 | 40,446 | |
HDFC Bank Ltd. sponsored ADR | 720 | 40,716 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 6,063 | 45,027 | |
Hindustan Unilever Ltd. | 576 | 17,185 | |
ICICI Bank Ltd. | 4,291 | 47,195 | |
Infosys Ltd. sponsored ADR | 1,672 | 27,454 | |
Larsen & Toubro Ltd. | 1,711 | 60,194 | |
NTPC Ltd. | 15,474 | 43,827 | |
Reliance Industries Ltd. | 793 | 21,799 | |
Reliance Industries Ltd. GDR (b) | 813 | 44,390 | |
SRF Ltd. | 1,249 | 32,925 | |
Tata Consultancy Services Ltd. | 311 | 12,587 | |
Tata Steel Ltd. | 10,888 | 15,532 | |
Ultratech Cement Ltd. | 506 | 51,194 | |
TOTAL INDIA | 587,647 | ||
Indonesia - 3.0% | |||
PT Bank Central Asia Tbk | 94,417 | 52,016 | |
PT Bank Mandiri (Persero) Tbk | 62,630 | 22,375 | |
PT Bank Negara Indonesia (Persero) Tbk | 36,353 | 10,971 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 79,085 | 24,729 | |
PT Telkom Indonesia Persero Tbk | 61,336 | 13,446 | |
TOTAL INDONESIA | 123,537 | ||
Korea (South) - 13.5% | |||
AMOREPACIFIC Corp. | 233 | 21,838 | |
Hansol Chemical Co. Ltd. | 73 | 8,134 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 322 | 7,500 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 40 | 2,058 | |
Hyundai Motor Co. Ltd. | 478 | 60,131 | |
JYP Entertainment Corp. | 315 | 23,942 | |
KB Financial Group, Inc. | 659 | 25,083 | |
LG Chemical Ltd. | 23 | 7,527 | |
LG Corp. | 170 | 9,716 | |
LG Innotek Co. Ltd. | 53 | 8,784 | |
NAVER Corp. | 292 | 40,762 | |
Samsung Electronics Co. Ltd. | 5,255 | 261,179 | |
SK Hynix, Inc. | 931 | 80,730 | |
TOTAL KOREA (SOUTH) | 557,384 | ||
Mexico - 4.2% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 834 | 26,221 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 180 | 20,414 | |
Grupo Aeroportuario Norte S.A.B. de CV | 1,142 | 8,718 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 9,076 | 73,659 | |
Wal-Mart de Mexico SA de CV Series V | 12,360 | 44,239 | |
TOTAL MEXICO | 173,251 | ||
Peru - 0.4% | |||
Credicorp Ltd. (United States) | 140 | 17,494 | |
Philippines - 0.2% | |||
Ayala Land, Inc. | 18,490 | 9,076 | |
Saudi Arabia - 1.5% | |||
Al Rajhi Bank | 1,861 | 33,285 | |
The Saudi National Bank | 3,123 | 27,929 | |
TOTAL SAUDI ARABIA | 61,214 | ||
Singapore - 0.3% | |||
Sea Ltd. ADR (a) | 261 | 10,884 | |
South Africa - 3.1% | |||
Absa Group Ltd. | 2,836 | 25,856 | |
Bid Corp. Ltd. | 1,081 | 22,933 | |
Capitec Bank Holdings Ltd. | 165 | 14,651 | |
FirstRand Ltd. | 2,494 | 8,222 | |
MTN Group Ltd. | 1,211 | 5,912 | |
Naspers Ltd. Class N | 214 | 33,406 | |
Standard Bank Group Ltd. | 1,837 | 18,027 | |
TOTAL SOUTH AFRICA | 129,007 | ||
Taiwan - 16.0% | |||
Alchip Technologies Ltd. | 654 | 53,597 | |
Chailease Holding Co. Ltd. | 7,753 | 42,024 | |
E Ink Holdings, Inc. | 1,333 | 6,930 | |
E.SUN Financial Holdings Co. Ltd. | 13,271 | 9,771 | |
eMemory Technology, Inc. | 616 | 38,564 | |
HIWIN Technologies Corp. | 4,400 | 26,644 | |
International Games Systems Co. Ltd. | 1,589 | 30,604 | |
King Yuan Electronics Co. Ltd. | 9,916 | 23,475 | |
MediaTek, Inc. | 1,038 | 27,070 | |
Realtek Semiconductor Corp. | 757 | 9,427 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 4,031 | 347,918 | |
Unimicron Technology Corp. | 2,941 | 13,107 | |
Yageo Corp. | 1,870 | 30,464 | |
TOTAL TAIWAN | 659,595 | ||
Thailand - 1.1% | |||
Bangkok Bank PCL (For. Reg.) | 2,640 | 11,505 | |
PTT Exploration and Production PCL (For. Reg.) | 5,514 | 25,042 | |
SCB X PCL (For. Reg.) | 3,661 | 9,982 | |
TOTAL THAILAND | 46,529 | ||
TOTAL COMMON STOCKS (Cost $4,082,755) | 3,963,248 | ||
Nonconvertible Preferred Stocks - 1.4% | |||
Shares | Value ($) | ||
Brazil - 1.4% | |||
Banco Bradesco SA (PN) | 2,888 | 8,014 | |
Gerdau SA | 2,613 | 11,283 | |
Itau Unibanco Holding SA | 7,214 | 38,375 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $58,247) | 57,672 | ||
Money Market Funds - 3.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) (Cost $151,488) | 151,458 | 151,488 | |
TOTAL INVESTMENT IN SECURITIES - 101.0% (Cost $4,292,490) | 4,172,408 |
NET OTHER ASSETS (LIABILITIES) - (1.0)% | (40,902) |
NET ASSETS - 100.0% | 4,131,506 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 1 | Dec 2023 | 45,960 | (167) | (167) |
The notional amount of futures purchased as a percentage of Net Assets is 1.1% |
(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 $259,908 or 6.3% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 102,935 | 3,304,336 | 3,255,783 | 12,165 | - | - | 151,488 | 0.0% |
Total | 102,935 | 3,304,336 | 3,255,783 | 12,165 | - | - | 151,488 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 465,333 | 93,762 | 371,571 | - |
Consumer Discretionary | 734,361 | 388,148 | 346,213 | - |
Consumer Staples | 195,992 | 122,204 | 73,788 | - |
Energy | 91,231 | 44,390 | 46,841 | - |
Financials | 935,333 | 380,305 | 555,028 | - |
Health Care | 194,594 | 76,026 | 118,568 | - |
Industrials | 199,806 | 41,814 | 157,992 | - |
Information Technology | 968,825 | 375,372 | 593,453 | - |
Materials | 145,534 | 11,283 | 134,251 | - |
Real Estate | 35,297 | 26,221 | 9,076 | - |
Utilities | 54,614 | - | 54,614 | - |
Money Market Funds | 151,488 | 151,488 | - | - |
Total Investments in Securities: | 4,172,408 | 1,711,013 | 2,461,395 | - |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (167) | (167) | - | - |
Total Liabilities | (167) | (167) | - | - |
Total Derivative Instruments: | (167) | (167) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (167) |
Total Equity Risk | 0 | (167) |
Total Value of Derivatives | 0 | (167) |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,141,002) | $ | 4,020,920 | ||
Fidelity Central Funds (cost $151,488) | 151,488 | |||
Total Investment in Securities (cost $4,292,490) | $ | 4,172,408 | ||
Segregated cash with brokers for derivative instruments | 3,494 | |||
Foreign currency held at value (cost $4,872) | 4,870 | |||
Receivable for investments sold | 48,681 | |||
Receivable for fund shares sold | 171 | |||
Dividends receivable | 3,447 | |||
Distributions receivable from Fidelity Central Funds | 842 | |||
Prepaid expenses | 6 | |||
Receivable from investment adviser for expense reductions | 10,097 | |||
Other receivables | 151 | |||
Total assets | 4,244,167 | |||
Liabilities | ||||
Payable for investments purchased | $ | 33,427 | ||
Payable for fund shares redeemed | 3 | |||
Accrued management fee | 2,797 | |||
Distribution and service plan fees payable | 283 | |||
Payable for daily variation margin on futures contracts | 305 | |||
Other affiliated payables | 986 | |||
Audit fee payable | 57,247 | |||
Custody fee payable | 11,319 | |||
Other payables and accrued expenses | 6,294 | |||
Total Liabilities | 112,661 | |||
Net Assets | $ | 4,131,506 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,034,256 | ||
Total accumulated earnings (loss) | (902,750) | |||
Net Assets | $ | 4,131,506 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($223,871 ÷ 30,420 shares)(a) | $ | 7.36 | ||
Maximum offering price per share (100/94.25 of $7.36) | $ | 7.81 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($184,236 ÷ 25,070 shares)(a) | $ | 7.35 | ||
Maximum offering price per share (100/96.50 of $7.35) | $ | 7.62 | ||
Class C : | ||||
Net Asset Value and offering price per share ($184,901 ÷ 25,316 shares)(a) | $ | 7.30 | ||
Fidelity Sustainable Emerging Markets Equity Fund : | ||||
Net Asset Value, offering price and redemption price per share ($2,946,852 ÷ 399,452 shares) | $ | 7.38 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($201,256 ÷ 27,276 shares) | $ | 7.38 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($390,390 ÷ 52,768 shares) | $ | 7.40 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 102,850 | ||
Non-Cash dividends | 11,645 | |||
Income from Fidelity Central Funds | 12,165 | |||
Income before foreign taxes withheld | $ | 126,660 | ||
Less foreign taxes withheld | (13,314) | |||
Total Income | 113,346 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 34,611 | ||
Performance adjustment | (137) | |||
Transfer agent fees | 9,420 | |||
Distribution and service plan fees | 3,545 | |||
Accounting fees and expenses | 2,225 | |||
Custodian fees and expenses | 42,671 | |||
Independent trustees' fees and expenses | 22 | |||
Registration fees | 102,388 | |||
Audit | 81,881 | |||
Legal | 4 | |||
Miscellaneous | 16 | |||
Total expenses before reductions | 276,646 | |||
Expense reductions | (218,552) | |||
Total expenses after reductions | 58,094 | |||
Net Investment income (loss) | 55,252 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,487) | (405,000) | |||
Foreign currency transactions | (4,604) | |||
Futures contracts | (5,550) | |||
Total net realized gain (loss) | (415,154) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $4,672) | 636,522 | |||
Assets and liabilities in foreign currencies | (14) | |||
Futures contracts | (167) | |||
Total change in net unrealized appreciation (depreciation) | 636,341 | |||
Net gain (loss) | 221,187 | |||
Net increase (decrease) in net assets resulting from operations | $ | 276,439 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | For the period February 10, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 55,252 | $ | 14,880 |
Net realized gain (loss) | (415,154) | (409,178) | ||
Change in net unrealized appreciation (depreciation) | 636,341 | (761,262) | ||
Net increase (decrease) in net assets resulting from operations | 276,439 | (1,155,560) | ||
Distributions to shareholders | (23,630) | - | ||
Share transactions - net increase (decrease) | 866,372 | 4,167,885 | ||
Total increase (decrease) in net assets | 1,119,181 | 3,012,325 | ||
Net Assets | ||||
Beginning of period | 3,012,325 | - | ||
End of period | $ | 4,131,506 | $ | 3,012,325 |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class A |
Years ended October 31, | 2023 | 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 | .08 | .03 | ||
Net realized and unrealized gain (loss) | .77 | (3.48) | ||
Total from investment operations | .85 | (3.45) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 7.36 | $ | 6.55 |
Total Return D,E,F | 12.93% | (34.50)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 6.44% | 8.77% I,J | ||
Expenses net of fee waivers, if any | 1.49% | 1.57% I | ||
Expenses net of all reductions | 1.48% | 1.56% I | ||
Net investment income (loss) | 1.06% | .51% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 224 | $ | 164 |
Portfolio turnover rate K | 119% | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class M |
Years ended October 31, | 2023 | 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 | .06 | .01 | ||
Net realized and unrealized gain (loss) | .77 | (3.47) | ||
Total from investment operations | .83 | (3.46) | ||
Distributions from net investment income | (.02) | - | ||
Total distributions | (.02) | - | ||
Net asset value, end of period | $ | 7.35 | $ | 6.54 |
Total Return D,E,F | 12.65% | (34.60)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 6.57% | 9.01% I,J | ||
Expenses net of fee waivers, if any | 1.74% | 1.82% J | ||
Expenses net of all reductions | 1.73% | 1.82% J | ||
Net investment income (loss) | .81% | .26% J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 184 | $ | 164 |
Portfolio turnover rate K | 119% | 84% J |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class C |
Years ended October 31, | 2023 | 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 | .02 | (.01) | ||
Net realized and unrealized gain (loss) | .76 | (3.47) | ||
Total from investment operations | .78 | (3.48) | ||
Net asset value, end of period | $ | 7.30 | $ | 6.52 |
Total Return D,E,F | 11.96% | (34.80)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 7.07% | 9.51% I,J | ||
Expenses net of fee waivers, if any | 2.25% | 2.32% J | ||
Expenses net of all reductions | 2.24% | 2.32% J | ||
Net investment income (loss) | .31% | (.24)% J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 185 | $ | 163 |
Portfolio turnover rate K | 119% | 84% J |
Fidelity® Sustainable Emerging Markets Equity Fund |
Years ended October 31, | 2023 | 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 | .10 | .05 | ||
Net realized and unrealized gain (loss) | .76 | (3.48) | ||
Total from investment operations | .86 | (3.43) | ||
Distributions from net investment income | (.05) | - | ||
Total distributions | (.05) | - | ||
Net asset value, end of period | $ | 7.38 | $ | 6.57 |
Total Return D,E | 13.11% | (34.30)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 6.16% | 8.07% H,I | ||
Expenses net of fee waivers, if any | 1.25% | 1.25% I | ||
Expenses net of all reductions | 1.24% | 1.25% I | ||
Net investment income (loss) | 1.31% | .83% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 2,947 | $ | 2,082 |
Portfolio turnover rate J | 119% | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class I |
Years ended October 31, | 2023 | 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 | .10 | .04 | ||
Net realized and unrealized gain (loss) | .76 | (3.47) | ||
Total from investment operations | .86 | (3.43) | ||
Distributions from net investment income | (.05) | - | ||
Total distributions | (.05) | - | ||
Net asset value, end of period | $ | 7.38 | $ | 6.57 |
Total Return D,E | 13.11% | (34.30)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 6.00% | 8.50% H,I | ||
Expenses net of fee waivers, if any | 1.24% | 1.31% I | ||
Expenses net of all reductions | 1.23% | 1.31% I | ||
Net investment income (loss) | 1.31% | .76% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 201 | $ | 164 |
Portfolio turnover rate J | 119% | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class Z |
Years ended October 31, | 2023 | 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 | .11 | .05 | ||
Net realized and unrealized gain (loss) | .77 | (3.48) | ||
Total from investment operations | .88 | (3.43) | ||
Distributions from net investment income | (.05) | - | ||
Total distributions | (.05) | - | ||
Net asset value, end of period | $ | 7.40 | $ | 6.57 |
Total Return D,E | 13.42% | (34.30)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 5.87% | 8.23% H,I | ||
Expenses net of fee waivers, if any | 1.09% | 1.15% I | ||
Expenses net of all reductions | 1.09% | 1.15% I | ||
Net investment income (loss) | 1.46% | .93% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 390 | $ | 276 |
Portfolio turnover rate J | 119% | 84% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $237,569 |
Gross unrealized depreciation | (457,610) |
Net unrealized appreciation (depreciation) | $(220,041) |
Tax Cost | $4,392,449 |
Undistributed ordinary income | $65,068 |
Capital loss carryforward | $(743,105) |
Net unrealized appreciation (depreciation) on securities and other investments | $(220,041) |
Short-term | $(574,011) |
Long-term | (169,094) |
Total capital loss carryforward | $(743,105) |
October 31, 2023 | October 31, 2022A | |
Ordinary Income | $23,630 | $- |
Total | $23,630 | $- |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 5,862,588 | 4,962,109 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $589 | $492 |
Class M | .25% | .25% | 980 | 980 |
Class C | .75% | .25% | 1,976 | 1,949 |
$3,545 | $3,421 |
Amount | % of Class-Level Average Net Assets | |
Class A | $515 | .22 |
Class M | 233 | .12 |
Class C | 233 | .12 |
Fidelity Sustainable Emerging Markets Equity Fund | 8,031 | .25 |
Class I | 257 | .12 |
Class Z | 151 | .04 |
$9,420 |
% of Class-Level Average Net Assets | |
Class A | 0.1963% |
Class M | 0.1153% |
Class C | 0.1151% |
Fidelity Sustainable Emerging Markets Equity Fund | 0.2000% |
Class I | 0.1217% |
% of Average Net Assets | |
Fidelity Sustainable Emerging Markets Equity Fund | .05 |
% of Average Net Assets | |
Fidelity Sustainable Emerging Markets Equity Fund | 0.0498% |
Amount | |
Fidelity Sustainable Emerging Markets Equity Fund | $20 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 51,220 | 136,924 | (24,057) |
Amount | |
Fidelity Sustainable Emerging Markets Equity Fund | $8 |
Expense Limitations | Reimbursement | |
Class A | 1.50% | $11,620 |
Class M | 1.75% | 9,453 |
Class C | 2.25% | 9,518 |
Fidelity Sustainable Emerging Markets Equity Fund | 1.25% | 160,230 |
Class I | 1.25% | 9,941 |
Class Z | 1.10% | 17,115 |
$217,877 |
Year ended October 31, 2023 | Year ended October 31, 2022A | |
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 | |
Year ended October 31, 2023 | Year ended October 31, 2022A | Year ended October 31, 2023 | Year ended October 31, 2022A | |
Fidelity Sustainable Emerging Markets Equity Fund | ||||
Class A | ||||
Shares sold | 8,323 | 25,041 | $64,307 | $250,393 |
Reinvestment of distributions | 147 | - | 1,114 | - |
Shares redeemed | (3,050) | (41) | (25,227) | (320) |
Net increase (decrease) | 5,420 | 25,000 | $40,194 | $250,073 |
Class M | ||||
Shares sold | 11 | 25,000 | $89 | $250,003 |
Reinvestment of distributions | 59 | - | 450 | - |
Net increase (decrease) | 70 | 25,000 | $539 | $250,003 |
Class C | ||||
Shares sold | 848 | 25,000 | $6,892 | $250,000 |
Shares redeemed | (532) | - | (4,129) | - |
Net increase (decrease) | 316 | 25,000 | $2,763 | $250,000 |
Fidelity Sustainable Emerging Markets Equity Fund | ||||
Shares sold | 371,692 | 382,605 | $2,989,168 | $3,306,578 |
Reinvestment of distributions | 2,252 | - | 17,120 | - |
Shares redeemed | (291,557) | (65,540) | (2,290,199) | (507,726) |
Net increase (decrease) | 82,387 | 317,065 | $716,089 | $2,798,852 |
Class I | ||||
Shares sold | 2,102 | 25,000 | $17,000 | $250,000 |
Reinvestment of distributions | 174 | - | 1,326 | - |
Net increase (decrease) | 2,276 | 25,000 | $18,326 | $250,000 |
Class Z | ||||
Shares sold | 14,147 | 42,008 | $113,210 | $369,361 |
Reinvestment of distributions | 174 | - | 1,326 | - |
Shares redeemed | (3,509) | (52) | (26,075) | (404) |
Net increase (decrease) | 10,812 | 41,956 | $88,461 | $368,957 |
Affiliated % | |
Fidelity Sustainable Emerging Markets Equity Fund | 32% |
Fidelity Sustainable Multi-Asset Fund | |
Fidelity Sustainable Emerging Markets Equity 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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Sustainable Emerging Markets Equity Fund | ||||||||||
Class A | 1.49% | |||||||||
Actual | $ 1,000 | $ 946.00 | $ 7.31 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.69 | $ 7.58 | |||||||
Class M | 1.74% | |||||||||
Actual | $ 1,000 | $ 944.70 | $ 8.53 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.43 | $ 8.84 | |||||||
Class C | 2.24% | |||||||||
Actual | $ 1,000 | $ 941.90 | $ 10.96 | |||||||
Hypothetical-B | $ 1,000 | $ 1,013.91 | $ 11.37 | |||||||
Fidelity® Sustainable Emerging Markets Equity Fund | 1.25% | |||||||||
Actual | $ 1,000 | $ 947.40 | $ 6.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.90 | $ 6.36 | |||||||
Class I | 1.24% | |||||||||
Actual | $ 1,000 | $ 947.40 | $ 6.09 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.95 | $ 6.31 | |||||||
Class Z | 1.10% | |||||||||
Actual | $ 1,000 | $ 948.70 | $ 5.40 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.66 | $ 5.60 | |||||||
Pay Date | Income | Taxes | |
Fidelity Sustainable Emerging Markets Equity Fund | |||
Class A | 12/12/2022 | $0.0458 | $0.0138 |
12/29/2022 | $0.0060 | $0.0000 | |
Class M | 12/12/2022 | $0.0258 | $0.0138 |
12/29/2022 | $0.0060 | $0.0000 | |
Class C | 12/12/2022 | $0.0000 | $0.0000 |
12/29/2022 | $0.0000 | $0.0000 | |
Sustainable Emerging Markets Equity Fund | 12/12/2022 | $0.0608 | $0.0138 |
12/29/2022 | $0.0060 | $0.0000 | |
Class I | 12/12/2022 | $0.0608 | $0.0138 |
12/29/2022 | $0.0060 | $0.0000 | |
Class Z | 12/12/2022 | $0.0608 | $0.0138 |
12/29/2022 | $0.0060 | $0.0000 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | -14.84% | 7.99% | 3.29% |
Class M (incl. 3.50% sales charge) | -13.06% | 8.19% | 3.24% |
Class C (incl. contingent deferred sales charge) | -11.23% | 8.46% | 3.29% |
Fidelity® Global Commodity Stock Fund | -9.47% | 9.55% | 4.16% |
Class I | -9.42% | 9.62% | 4.23% |
Class Z | -9.30% | 9.74% | 4.30% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Global Commodity Stock Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 8.3 | |
Shell PLC (London) | 6.1 | |
Teck Resources Ltd. Class B (sub. vtg.) | 4.4 | |
Canadian Natural Resources Ltd. | 3.9 | |
Reliance Steel & Aluminum Co. | 3.7 | |
Antero Resources Corp. | 3.7 | |
UPM-Kymmene Corp. | 3.6 | |
Wheaton Precious Metals Corp. | 3.4 | |
Corteva, Inc. | 3.4 | |
Glencore PLC | 3.3 | |
43.8 | ||
Industries (% of Fund's net assets) | ||
Oil, Gas & Consumable Fuels | 41.7 | |
Metals & Mining | 30.8 | |
Paper & Forest Products | 9.6 | |
Chemicals | 7.4 | |
Energy Equipment & Services | 3.7 | |
Food Products | 3.1 | |
Containers & Packaging | 1.1 | |
Machinery | 0.7 | |
Pharmaceuticals | 0.7 | |
Electrical Equipment | 0.2 | |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.0% | |||
Shares | Value ($) | ||
Chemicals - 7.4% | |||
Fertilizers & Agricultural Chemicals - 7.4% | |||
CF Industries Holdings, Inc. | 97,100 | 7,746,638 | |
Corteva, Inc. | 781,700 | 37,631,038 | |
FMC Corp. | 206,600 | 10,991,120 | |
Nutrien Ltd. | 482,083 | 25,891,864 | |
82,260,660 | |||
Containers & Packaging - 1.1% | |||
Paper & Plastic Packaging Products & Materials - 1.1% | |||
Billerud AB | 344,000 | 3,189,622 | |
Smurfit Kappa Group PLC | 281,200 | 9,146,309 | |
12,335,931 | |||
Electrical Equipment - 0.2% | |||
Electrical Components & Equipment - 0.2% | |||
GrafTech International Ltd. | 528,200 | 1,822,290 | |
Energy Equipment & Services - 3.7% | |||
Oil & Gas Drilling - 3.7% | |||
Diamond Offshore Drilling, Inc. (a) | 814,000 | 10,101,740 | |
Noble Corp. PLC | 455,100 | 21,248,619 | |
Valaris Ltd. (a) | 145,100 | 9,582,404 | |
40,932,763 | |||
Food Products - 3.1% | |||
Agricultural Products & Services - 2.8% | |||
Bunge Ltd. | 106,200 | 11,255,076 | |
Darling Ingredients, Inc. (a) | 287,400 | 12,728,946 | |
Wilmar International Ltd. | 2,658,100 | 6,910,490 | |
30,894,512 | |||
Packaged Foods & Meats - 0.3% | |||
Pilgrim's Pride Corp. (a)(b) | 141,100 | 3,598,050 | |
TOTAL FOOD PRODUCTS | 34,492,562 | ||
Machinery - 0.7% | |||
Construction Machinery & Heavy Transportation Equipment - 0.4% | |||
Epiroc AB (A Shares) | 253,000 | 4,168,104 | |
Industrial Machinery & Supplies & Components - 0.3% | |||
Sandvik AB | 241,100 | 4,106,661 | |
TOTAL MACHINERY | 8,274,765 | ||
Metals & Mining - 30.8% | |||
Copper - 2.3% | |||
ERO Copper Corp. (a) | 472,500 | 6,412,439 | |
First Quantum Minerals Ltd. | 1,637,571 | 18,976,575 | |
25,389,014 | |||
Diversified Metals & Mining - 13.3% | |||
Anglo American PLC (United Kingdom) | 242,500 | 6,178,806 | |
BHP Group Ltd. (London) | 1,055,397 | 29,991,450 | |
Glencore PLC | 6,873,300 | 36,406,708 | |
Ivanhoe Mines Ltd. (a) | 1,016,000 | 7,487,665 | |
Rio Tinto PLC | 160,781 | 10,257,912 | |
Sigma Lithium Corp. (a)(b) | 194,400 | 4,753,080 | |
Sumitomo Metal Mining Co. Ltd. | 106,300 | 2,986,175 | |
Teck Resources Ltd. Class B (sub. vtg.) | 1,388,700 | 49,068,902 | |
147,130,698 | |||
Gold - 7.2% | |||
Agnico Eagle Mines Ltd. (Canada) | 394,317 | 18,493,872 | |
Alamos Gold, Inc. | 1,147,500 | 14,207,734 | |
Franco-Nevada Corp. | 72,971 | 8,877,020 | |
Wheaton Precious Metals Corp. | 900,900 | 38,049,910 | |
79,628,536 | |||
Precious Metals & Minerals - 1.1% | |||
Impala Platinum Holdings Ltd. | 1,140,600 | 4,751,274 | |
Northam Platinum Holdings Ltd. | 1,189,100 | 7,177,028 | |
11,928,302 | |||
Steel - 6.9% | |||
Champion Iron Ltd. (b) | 5,564,600 | 25,239,830 | |
Reliance Steel & Aluminum Co. | 161,200 | 41,006,056 | |
Vale SA | 700,400 | 9,585,481 | |
75,831,367 | |||
TOTAL METALS & MINING | 339,907,917 | ||
Oil, Gas & Consumable Fuels - 41.7% | |||
Integrated Oil & Gas - 21.1% | |||
Cenovus Energy, Inc. (Canada) | 1,827,800 | 34,822,770 | |
Exxon Mobil Corp. | 861,300 | 91,168,608 | |
Petroleo Brasileiro SA - Petrobras (ON) | 2,086,100 | 15,656,870 | |
Shell PLC (London) | 2,082,928 | 67,126,214 | |
TotalEnergies SE | 368,900 | 24,663,725 | |
233,438,187 | |||
Oil & Gas Exploration & Production - 16.4% | |||
Antero Resources Corp. (a) | 1,390,312 | 40,930,785 | |
ARC Resources Ltd. (b) | 1,741,700 | 28,020,427 | |
Canadian Natural Resources Ltd. | 674,100 | 42,806,018 | |
Hess Corp. | 36,600 | 5,285,040 | |
MEG Energy Corp. (a) | 1,129,600 | 22,319,120 | |
Ovintiv, Inc. | 220,700 | 10,593,600 | |
Range Resources Corp. | 625,800 | 22,428,672 | |
Southwestern Energy Co. (a) | 1,155,500 | 8,238,715 | |
180,622,377 | |||
Oil & Gas Storage & Transportation - 4.2% | |||
Energy Transfer LP | 2,579,600 | 33,921,740 | |
Enterprise Products Partners LP | 492,400 | 12,822,096 | |
46,743,836 | |||
TOTAL OIL, GAS & CONSUMABLE FUELS | 460,804,400 | ||
Paper & Forest Products - 9.6% | |||
Forest Products - 3.6% | |||
Interfor Corp. (a) | 557,500 | 6,878,547 | |
Svenska Cellulosa AB SCA (B Shares) | 1,134,700 | 15,547,874 | |
West Fraser Timber Co. Ltd. | 258,800 | 17,466,084 | |
39,892,505 | |||
Paper Products - 6.0% | |||
Mondi PLC | 195 | 3,150 | |
Stora Enso Oyj (R Shares) | 1,203,700 | 14,423,916 | |
Suzano Papel e Celulose SA | 1,133,700 | 11,596,154 | |
UPM-Kymmene Corp. | 1,185,700 | 39,858,298 | |
65,881,518 | |||
TOTAL PAPER & FOREST PRODUCTS | 105,774,023 | ||
Pharmaceuticals - 0.7% | |||
Pharmaceuticals - 0.7% | |||
Bayer AG | 175,200 | 7,570,140 | |
TOTAL COMMON STOCKS (Cost $1,025,198,239) | 1,094,175,451 | ||
Money Market Funds - 2.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) | 9,508,220 | 9,510,122 | |
Fidelity Securities Lending Cash Central Fund 5.40% (c)(d) | 16,676,889 | 16,678,557 | |
TOTAL MONEY MARKET FUNDS (Cost $26,188,679) | 26,188,679 | ||
TOTAL INVESTMENT IN SECURITIES - 101.4% (Cost $1,051,386,918) | 1,120,364,130 |
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (15,582,891) |
NET ASSETS - 100.0% | 1,104,781,239 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 32,028,909 | 666,637,242 | 689,156,029 | 740,144 | - | - | 9,510,122 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 20,391,450 | 1,052,251,998 | 1,055,964,891 | 325,324 | - | - | 16,678,557 | 0.1% |
Total | 52,420,359 | 1,718,889,240 | 1,745,120,920 | 1,065,468 | - | - | 26,188,679 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 1,094,175,451 | 919,049,242 | 175,126,209 | - |
Money Market Funds | 26,188,679 | 26,188,679 | - | - |
Total Investments in Securities: | 1,120,364,130 | 945,237,921 | 175,126,209 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $15,933,883) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,025,198,239) | $ | 1,094,175,451 | ||
Fidelity Central Funds (cost $26,188,679) | 26,188,679 | |||
Total Investment in Securities (cost $1,051,386,918) | $ | 1,120,364,130 | ||
Foreign currency held at value (cost $6,224) | 6,220 | |||
Receivable for investments sold | 17,053,463 | |||
Receivable for fund shares sold | 3,567,213 | |||
Dividends receivable | 2,754,633 | |||
Distributions receivable from Fidelity Central Funds | 61,555 | |||
Prepaid expenses | 1,906 | |||
Receivable from investment adviser for expense reductions | 24,078 | |||
Other receivables | 3,183 | |||
Total assets | 1,143,836,381 | |||
Liabilities | ||||
Payable for investments purchased | $ | 19,098,416 | ||
Payable for fund shares redeemed | 2,285,110 | |||
Accrued management fee | 654,702 | |||
Distribution and service plan fees payable | 49,492 | |||
Other affiliated payables | 231,514 | |||
Other payables and accrued expenses | 57,351 | |||
Collateral on securities loaned | 16,678,557 | |||
Total Liabilities | 39,055,142 | |||
Net Assets | $ | 1,104,781,239 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,233,355,409 | ||
Total accumulated earnings (loss) | (128,574,170) | |||
Net Assets | $ | 1,104,781,239 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($95,289,996 ÷ 5,499,378 shares)(a) | $ | 17.33 | ||
Maximum offering price per share (100/94.25 of $17.33) | $ | 18.39 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,927,930 ÷ 1,037,607 shares)(a) | $ | 17.28 | ||
Maximum offering price per share (100/96.50 of $17.28) | $ | 17.91 | ||
Class C : | ||||
Net Asset Value and offering price per share ($23,853,033 ÷ 1,393,922 shares)(a) | $ | 17.11 | ||
Global Commodity Stock : | ||||
Net Asset Value, offering price and redemption price per share ($428,911,594 ÷ 24,680,192 shares) | $ | 17.38 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($351,709,037 ÷ 20,247,555 shares) | $ | 17.37 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($187,089,649 ÷ 10,770,998 shares) | $ | 17.37 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 50,192,489 | ||
Income from Fidelity Central Funds (including $325,324 from security lending) | 1,065,468 | |||
Income before foreign taxes withheld | $ | 51,257,957 | ||
Less foreign taxes withheld | (3,035,098) | |||
Total Income | 48,222,859 | |||
Expenses | ||||
Management fee | $ | 10,665,143 | ||
Transfer agent fees | 2,826,947 | |||
Distribution and service plan fees | 732,083 | |||
Accounting fees | 675,488 | |||
Custodian fees and expenses | 75,117 | |||
Independent trustees' fees and expenses | 8,968 | |||
Registration fees | 189,034 | |||
Audit | 50,360 | |||
Legal | 1,812 | |||
Interest | 22,855 | |||
Miscellaneous | 7,327 | |||
Total expenses before reductions | 15,255,134 | |||
Expense reductions | (200,038) | |||
Total expenses after reductions | 15,055,096 | |||
Net Investment income (loss) | 33,167,763 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (8,792,663) | |||
Foreign currency transactions | (99,338) | |||
Total net realized gain (loss) | (8,892,001) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (190,373,437) | |||
Assets and liabilities in foreign currencies | 22,972 | |||
Total change in net unrealized appreciation (depreciation) | (190,350,465) | |||
Net gain (loss) | (199,242,466) | |||
Net increase (decrease) in net assets resulting from operations | $ | (166,074,703) |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 33,167,763 | $ | 36,916,447 |
Net realized gain (loss) | (8,892,001) | (11,614,714) | ||
Change in net unrealized appreciation (depreciation) | (190,350,465) | 103,859,568 | ||
Net increase (decrease) in net assets resulting from operations | (166,074,703) | 129,161,301 | ||
Distributions to shareholders | (34,691,564) | (25,407,967) | ||
Share transactions - net increase (decrease) | (509,569,294) | 953,160,143 | ||
Total increase (decrease) in net assets | (710,335,561) | 1,056,913,477 | ||
Net Assets | ||||
Beginning of period | 1,815,116,800 | 758,203,323 | ||
End of period | $ | 1,104,781,239 | $ | 1,815,116,800 |
Fidelity Advisor® Global Commodity Stock Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.50 | $ | 16.35 | $ | 10.80 | $ | 12.14 | $ | 12.42 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .35 | .47 | .48 | .28 | .35 | |||||
Net realized and unrealized gain (loss) | (2.20) | 3.19 | 5.24 | (1.26) | (.41) | |||||
Total from investment operations | (1.85) | 3.66 | 5.72 | (.98) | (.06) | |||||
Distributions from net investment income | (.32) | (.51) | (.17) | (.36) | (.20) | |||||
Distributions from net realized gain | - | - | - | - | (.02) | |||||
Total distributions | (.32) | (.51) | (.17) | (.36) | (.22) | |||||
Net asset value, end of period | $ | 17.33 | $ | 19.50 | $ | 16.35 | $ | 10.80 | $ | 12.14 |
Total Return C,D | (9.64)% | 23.27% | 53.37% | (8.39)% | (.44)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.19% | 1.19% | 1.23% | 1.31% | 1.29% | |||||
Expenses net of fee waivers, if any | 1.18% | 1.19% | 1.22% | 1.31% | 1.28% | |||||
Expenses net of all reductions | 1.18% | 1.19% | 1.22% | 1.29% | 1.28% | |||||
Net investment income (loss) | 1.88% | 2.53% | 3.18% | 2.53% | 2.86% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 95,290 | $ | 128,363 | $ | 45,343 | $ | 20,453 | $ | 25,779 |
Portfolio turnover rate G | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.46 | $ | 16.32 | $ | 10.78 | $ | 12.12 | $ | 12.39 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .30 | .42 | .44 | .25 | .31 | |||||
Net realized and unrealized gain (loss) | (2.20) | 3.19 | 5.24 | (1.27) | (.40) | |||||
Total from investment operations | (1.90) | 3.61 | 5.68 | (1.02) | (.09) | |||||
Distributions from net investment income | (.28) | (.47) | (.14) | (.32) | (.16) | |||||
Distributions from net realized gain | - | - | - | - | (.02) | |||||
Total distributions | (.28) | (.47) | (.14) | (.32) | (.18) | |||||
Net asset value, end of period | $ | 17.28 | $ | 19.46 | $ | 16.32 | $ | 10.78 | $ | 12.12 |
Total Return C,D | (9.90)% | 22.93% | 52.97% | (8.72)% | (.70)% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.47% | 1.46% | 1.52% | 1.59% | 1.59% | |||||
Expenses net of fee waivers, if any | 1.45% | 1.46% | 1.52% | 1.59% | 1.59% | |||||
Expenses net of all reductions | 1.45% | 1.46% | 1.52% | 1.58% | 1.59% | |||||
Net investment income (loss) | 1.62% | 2.26% | 2.88% | 2.24% | 2.55% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 17,928 | $ | 24,513 | $ | 8,888 | $ | 4,378 | $ | 5,416 |
Portfolio turnover rate G | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.29 | $ | 16.17 | $ | 10.68 | $ | 11.99 | $ | 12.26 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .21 | .33 | .37 | .20 | .26 | |||||
Net realized and unrealized gain (loss) | (2.18) | 3.18 | 5.20 | (1.26) | (.41) | |||||
Total from investment operations | (1.97) | 3.51 | 5.57 | (1.06) | (.15) | |||||
Distributions from net investment income | (.21) | (.39) | (.08) | (.25) | (.11) | |||||
Distributions from net realized gain | - | - | - | - | (.02) | |||||
Total distributions | (.21) | (.39) | (.08) | (.25) | (.12) C | |||||
Net asset value, end of period | $ | 17.11 | $ | 19.29 | $ | 16.17 | $ | 10.68 | $ | 11.99 |
Total Return D,E | (10.34)% | 22.34% | 52.30% | (9.11)% | (1.16)% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.94% | 1.94% | 1.97% | 2.05% | 2.02% | |||||
Expenses net of fee waivers, if any | 1.93% | 1.93% | 1.96% | 2.04% | 2.02% | |||||
Expenses net of all reductions | 1.93% | 1.93% | 1.96% | 2.03% | 2.01% | |||||
Net investment income (loss) | 1.13% | 1.78% | 2.44% | 1.79% | 2.13% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 23,853 | $ | 34,984 | $ | 11,020 | $ | 7,871 | $ | 11,294 |
Portfolio turnover rate H | 113% | 42% | 37% | 40% | 55% |
Fidelity® Global Commodity Stock Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.55 | $ | 16.39 | $ | 10.82 | $ | 12.15 | $ | 12.44 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .40 | .52 | .53 | .31 | .37 | |||||
Net realized and unrealized gain (loss) | (2.21) | 3.19 | 5.26 | (1.26) | (.41) | |||||
Total from investment operations | (1.81) | 3.71 | 5.79 | (.95) | (.04) | |||||
Distributions from net investment income | (.36) | (.55) | (.22) | (.38) | (.23) | |||||
Distributions from net realized gain | - | - | - | - | (.02) | |||||
Total distributions | (.36) | (.55) | (.22) | (.38) | (.25) | |||||
Net asset value, end of period | $ | 17.38 | $ | 19.55 | $ | 16.39 | $ | 10.82 | $ | 12.15 |
Total Return C | (9.47)% | 23.57% | 53.95% | (8.16)% | (.23)% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .97% | .94% | .94% | 1.02% | 1.06% | |||||
Expenses net of fee waivers, if any | .95% | .94% | .94% | 1.02% | 1.06% | |||||
Expenses net of all reductions | .95% | .94% | .94% | 1.00% | 1.06% | |||||
Net investment income (loss) | 2.12% | 2.78% | 3.46% | 2.82% | 3.08% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 428,912 | $ | 893,636 | $ | 546,863 | $ | 176,718 | $ | 257,011 |
Portfolio turnover rate F | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.54 | $ | 16.39 | $ | 10.81 | $ | 12.16 | $ | 12.45 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .40 | .52 | .53 | .32 | .39 | |||||
Net realized and unrealized gain (loss) | (2.20) | 3.19 | 5.25 | (1.26) | (.41) | |||||
Total from investment operations | (1.80) | 3.71 | 5.78 | (.94) | (.02) | |||||
Distributions from net investment income | (.37) | (.56) | (.20) | (.41) | (.25) | |||||
Distributions from net realized gain | - | - | - | - | (.02) | |||||
Total distributions | (.37) | (.56) | (.20) | (.41) | (.27) | |||||
Net asset value, end of period | $ | 17.37 | $ | 19.54 | $ | 16.39 | $ | 10.81 | $ | 12.16 |
Total Return C | (9.42)% | 23.56% | 53.97% | (8.11)% | (.06)% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .92% | .92% | .93% | .95% | .92% | |||||
Expenses net of fee waivers, if any | .91% | .92% | .93% | .95% | .92% | |||||
Expenses net of all reductions | .91% | .92% | .93% | .93% | .91% | |||||
Net investment income (loss) | 2.15% | 2.80% | 3.48% | 2.88% | 3.23% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 351,709 | $ | 499,191 | $ | 85,252 | $ | 33,185 | $ | 102,633 |
Portfolio turnover rate F | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.53 | $ | 16.38 | $ | 10.81 | $ | 12.16 | $ | 12.46 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .43 | .54 | .56 | .34 | .39 | |||||
Net realized and unrealized gain (loss) | (2.21) | 3.19 | 5.23 | (1.26) | (.40) | |||||
Total from investment operations | (1.78) | 3.73 | 5.79 | (.92) | (.01) | |||||
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 | $ | 17.37 | $ | 19.53 | $ | 16.38 | $ | 10.81 | $ | 12.16 |
Total Return C,D | (9.30)% | 23.72% | 54.07% | (7.99)% | .03% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .79% | .79% | .80% | .85% | .83% | |||||
Expenses net of fee waivers, if any | .78% | .79% | .80% | .84% | .83% | |||||
Expenses net of all reductions | .78% | .79% | .80% | .83% | .82% | |||||
Net investment income (loss) | 2.29% | 2.93% | 3.60% | 2.99% | 3.32% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 187,090 | $ | 234,430 | $ | 60,837 | $ | 16,505 | $ | 104,489 |
Portfolio turnover rate G | 113% | 42% | 37% | 40% | 55% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $120,408,406 |
Gross unrealized depreciation | (60,730,052) |
Net unrealized appreciation (depreciation) | $59,678,354 |
Tax Cost | $1,060,685,776 |
Undistributed ordinary income | $18,331,139 |
Capital loss carryforward | $(206,580,792) |
Net unrealized appreciation (depreciation) on securities and other investments | $59,675,481 |
Short-term | $(206,499,261) |
Long-term | (81,531) |
Total capital loss carryforward | $(206,580,792) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $34,691,564 | $25,407,967 |
Purchases ($) | Sales ($) | |
Fidelity Global Commodity Stock Fund | 1,754,696,874 | 2,252,305,884 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $302,066 | $19,168 |
Class M | .25% | .25% | 114,376 | 429 |
Class C | .75% | .25% | 315,641 | 103,381 |
$732,083 | $122,978 |
Retained by FDC | |
Class A | $86,075 |
Class M | 3,944 |
Class CA | 230 |
$90,249 |
Amount | % of Class-Level Average Net Assets | |
Class A | $233,649 | .19 |
Class M | 50,792 | .22 |
Class C | 60,561 | .19 |
Global Commodity Stock | 1,546,673 | .22 |
Class I | 838,378 | .18 |
Class Z | 96,894 | .04 |
$2,826,947 |
% of Class-Level Average Net Assets | |
Class A | 0.1937% |
Class M | 0.2000% |
Class C | 0.1930% |
Global Commodity Stock | 0.2000% |
Class I | 0.1745% |
% of Average Net Assets | |
Fidelity Global Commodity Stock Fund | .04 |
% of Average Net Assets | |
Fidelity Global Commodity Stock Fund | 0.0435% |
Amount | |
Fidelity Global Commodity Stock Fund | $33,117 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Global Commodity Stock Fund | Borrower | $ 7,355,409 | 5.08% | $22,855 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Global Commodity Stock Fund | 67,801,549 | 70,114,528 | (4,666,177) |
Amount | |
Fidelity Global Commodity Stock Fund | $3,012 |
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 | $35,196 | $668 | $134,475 |
Expense Limitations | Reimbursement | |
Class M | 1.45% | $2,934 |
Global Commodity Stock | .95% | 104,602 |
$107,536 |
Expense reduction | |
Class M | $135 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Global Commodity Stock Fund | ||||
Class A | ||||
Shares sold | 1,706,240 | 5,245,104 | $32,590,913 | $102,330,553 |
Reinvestment of distributions | 115,956 | 93,881 | 2,236,781 | 1,435,437 |
Shares redeemed | (2,904,311) | (1,530,075) | (53,206,144) | (28,265,460) |
Net increase (decrease) | (1,082,115) | 3,808,910 | $(18,378,450) | $75,500,530 |
Class M | ||||
Shares sold | 226,865 | 994,128 | $4,326,151 | $18,969,401 |
Reinvestment of distributions | 18,802 | 16,878 | 362,695 | 258,240 |
Shares redeemed | (467,728) | (295,956) | (8,507,986) | (5,535,121) |
Net increase (decrease) | (222,061) | 715,050 | $(3,819,140) | $13,692,520 |
Class C | ||||
Shares sold | 305,614 | 1,526,059 | $5,884,407 | $29,910,914 |
Reinvestment of distributions | 19,865 | 17,324 | 381,017 | 263,849 |
Shares redeemed | (744,797) | (411,550) | (13,548,223) | (7,532,050) |
Net increase (decrease) | (419,318) | 1,131,833 | $(7,282,799) | $22,642,713 |
Global Commodity Stock | ||||
Shares sold | 13,188,745 | 37,700,647 | $254,817,434 | $735,708,594 |
Reinvestment of distributions | 741,996 | 1,053,837 | 14,327,947 | 16,113,170 |
Shares redeemed | (34,967,438) | (26,409,632) | (645,744,516) | (482,758,151) |
Net increase (decrease) | (21,036,697) | 12,344,852 | $(376,599,135) | $269,063,613 |
Class I | ||||
Shares sold | 16,503,819 | 29,119,851 | $315,987,478 | $566,732,834 |
Reinvestment of distributions | 528,030 | 198,222 | 10,190,979 | 3,028,836 |
Shares redeemed | (22,329,926) | (8,975,269) | (410,703,798) | (163,585,245) |
Net increase (decrease) | (5,298,077) | 20,342,804 | $(84,525,341) | $406,176,425 |
Class Z | ||||
Shares sold | 5,798,355 | 12,915,308 | $110,033,314 | $249,174,298 |
Reinvestment of distributions | 213,545 | 129,470 | 4,115,012 | 1,975,709 |
Shares redeemed | (7,243,382) | (4,757,037) | (133,112,755) | (85,065,665) |
Net increase (decrease) | (1,231,482) | 8,287,741 | $(18,964,429) | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Global Commodity Stock Fund | ||||||||||
Class A | 1.17% | |||||||||
Actual | $ 1,000 | $ 937.30 | $ 5.71 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.31 | $ 5.96 | |||||||
Class M | 1.45% | |||||||||
Actual | $ 1,000 | $ 936.10 | $ 7.08 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.90 | $ 7.38 | |||||||
Class C | 1.92% | |||||||||
Actual | $ 1,000 | $ 934.00 | $ 9.36 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.53 | $ 9.75 | |||||||
Fidelity® Global Commodity Stock Fund | .95% | |||||||||
Actual | $ 1,000 | $ 938.40 | $ 4.64 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.42 | $ 4.84 | |||||||
Class I | .90% | |||||||||
Actual | $ 1,000 | $ 938.40 | $ 4.40 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.67 | $ 4.58 | |||||||
Class Z | .77% | |||||||||
Actual | $ 1,000 | $ 939.40 | $ 3.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.32 | $ 3.92 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 3.92% | 5.05% | 4.30% |
Class M (incl. 3.50% sales charge) | 6.14% | 5.26% | 4.23% |
Class C (incl. contingent deferred sales charge) | 8.47% | 5.49% | 4.27% |
Fidelity® International Growth Fund | 10.59% | 6.62% | 5.22% |
Class I | 10.59% | 6.61% | 5.22% |
Class Z | 10.74% | 6.75% | 5.37% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® International Growth Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Growth Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 5.3 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 5.2 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 5.1 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 4.7 | |
Linde PLC (United States of America, Chemicals) | 4.1 | |
Safran SA (France, Aerospace & Defense) | 3.6 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.1 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 3.0 | |
Marsh & McLennan Companies, Inc. (United States of America, Insurance) | 2.8 | |
Airbus Group NV (France, Aerospace & Defense) | 2.8 | |
39.7 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 26.3 | |
Financials | 18.0 | |
Information Technology | 16.8 | |
Consumer Discretionary | 12.7 | |
Materials | 8.8 | |
Health Care | 8.7 | |
Consumer Staples | 4.9 | |
Energy | 1.0 | |
Communication Services | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.7% | |||
Shares | Value ($) | ||
Belgium - 0.6% | |||
Azelis Group NV | 803,305 | 13,684,630 | |
KBC Group NV | 200,000 | 10,983,078 | |
TOTAL BELGIUM | 24,667,708 | ||
Canada - 3.5% | |||
CAE, Inc. (a) | 1,385,611 | 28,936,214 | |
Canadian Pacific Kansas City Ltd. | 1,195,500 | 84,881,147 | |
Franco-Nevada Corp. | 309,780 | 37,685,153 | |
TOTAL CANADA | 151,502,514 | ||
Denmark - 5.8% | |||
Novo Nordisk A/S Series B | 2,346,200 | 226,352,545 | |
Vestas Wind Systems A/S (a) | 1,087,700 | 23,575,661 | |
TOTAL DENMARK | 249,928,206 | ||
Finland - 0.5% | |||
Kone OYJ (B Shares) | 514,200 | 22,247,227 | |
France - 14.7% | |||
Airbus Group NV | 901,700 | 120,896,524 | |
Edenred SA | 1,102,722 | 58,619,537 | |
Lectra | 336,961 | 8,521,269 | |
Legrand SA | 815,000 | 70,502,702 | |
LVMH Moet Hennessy Louis Vuitton SE | 310,200 | 222,081,663 | |
Safran SA | 1,003,400 | 156,750,692 | |
TOTAL FRANCE | 637,372,387 | ||
Germany - 1.2% | |||
Deutsche Borse AG | 310,800 | 51,156,580 | |
Hong Kong - 1.8% | |||
AIA Group Ltd. | 8,995,600 | 78,116,064 | |
India - 2.1% | |||
HDFC Bank Ltd. | 2,798,091 | 49,636,079 | |
Jio Financial Services Ltd. | 410,000 | 1,087,828 | |
Kotak Mahindra Bank Ltd. | 995,400 | 20,802,483 | |
Reliance Industries Ltd. | 410,000 | 11,270,743 | |
Reliance Industries Ltd. GDR (b) | 177,500 | 9,691,500 | |
TOTAL INDIA | 92,488,633 | ||
Israel - 0.9% | |||
NICE Ltd. sponsored ADR (a) | 245,000 | 37,815,750 | |
Italy - 1.3% | |||
Interpump Group SpA | 625,126 | 26,060,965 | |
Prada SpA | 5,289,400 | 31,863,649 | |
TOTAL ITALY | 57,924,614 | ||
Japan - 10.5% | |||
Azbil Corp. | 1,552,670 | 45,879,331 | |
Hoya Corp. | 656,400 | 63,190,723 | |
Keyence Corp. | 351,948 | 136,245,658 | |
Lasertec Corp. | 306,700 | 50,660,775 | |
Misumi Group, Inc. | 2,323,985 | 35,182,027 | |
OSG Corp. | 797,600 | 9,101,088 | |
Recruit Holdings Co. Ltd. | 2,226,700 | 63,845,519 | |
SHO-BOND Holdings Co. Ltd. | 695,400 | 27,386,981 | |
USS Co. Ltd. | 1,310,000 | 22,897,356 | |
TOTAL JAPAN | 454,389,458 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 21,284,000 | 1,760,118 | |
Netherlands - 6.1% | |||
Aalberts Industries NV | 226,400 | 7,047,674 | |
ASML Holding NV (Netherlands) | 383,600 | 230,589,789 | |
IMCD NV | 228,900 | 27,489,597 | |
TOTAL NETHERLANDS | 265,127,060 | ||
Norway - 0.2% | |||
Schibsted ASA (B Shares) | 554,500 | 10,274,999 | |
Spain - 1.9% | |||
Amadeus IT Holding SA Class A | 1,455,300 | 82,874,884 | |
Sweden - 6.5% | |||
ASSA ABLOY AB (B Shares) | 2,334,410 | 49,758,127 | |
Atlas Copco AB (A Shares) | 9,958,800 | 128,956,717 | |
Autoliv, Inc. | 440,469 | 40,368,984 | |
Epiroc AB (A Shares) | 3,596,517 | 59,251,614 | |
Lagercrantz Group AB (B Shares) | 548,100 | 4,993,686 | |
TOTAL SWEDEN | 283,329,128 | ||
Switzerland - 1.2% | |||
Schindler Holding AG: | |||
(participation certificate) | 111,938 | 22,543,881 | |
(Reg.) | 18,350 | 3,560,463 | |
UBS Group AG | 1,003,420 | 23,407,434 | |
TOTAL SWITZERLAND | 49,511,778 | ||
Taiwan - 2.2% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 5,788,000 | 94,459,813 | |
United Kingdom - 6.8% | |||
BAE Systems PLC | 4,147,200 | 55,764,835 | |
Compass Group PLC | 3,858,600 | 97,280,655 | |
InterContinental Hotel Group PLC ADR (c) | 872,670 | 62,945,687 | |
Rightmove PLC | 2,565,494 | 14,749,226 | |
Sage Group PLC | 2,085,000 | 24,597,074 | |
Spectris PLC | 1,096,957 | 41,332,188 | |
TOTAL UNITED KINGDOM | 296,669,665 | ||
United States of America - 29.9% | |||
CRH PLC | 1,898,466 | 101,700,824 | |
Experian PLC | 2,516,100 | 76,179,606 | |
Linde PLC | 463,679 | 177,199,567 | |
Marsh & McLennan Companies, Inc. | 648,751 | 123,035,627 | |
MasterCard, Inc. Class A | 208,300 | 78,393,705 | |
Microsoft Corp. | 71,000 | 24,005,810 | |
Moody's Corp. | 224,500 | 69,146,000 | |
MSCI, Inc. | 134,500 | 63,423,475 | |
Nestle SA (Reg. S) | 1,910,099 | 205,982,747 | |
NOV, Inc. | 1,134,700 | 22,648,612 | |
Otis Worldwide Corp. | 324,600 | 25,062,366 | |
PriceSmart, Inc. | 124,098 | 7,754,884 | |
ResMed, Inc. | 249,600 | 35,248,512 | |
Roche Holding AG (participation certificate) | 204,693 | 52,751,360 | |
S&P Global, Inc. | 189,700 | 66,264,107 | |
Sherwin-Williams Co. | 275,600 | 65,650,676 | |
Synopsys, Inc. (a) | 46,000 | 21,594,240 | |
Visa, Inc. Class A | 348,560 | 81,946,456 | |
TOTAL UNITED STATES OF AMERICA | 1,297,988,574 | ||
TOTAL COMMON STOCKS (Cost $3,171,410,531) | 4,239,605,160 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
China - 0.3% | |||
ByteDance Ltd. Series E1 (a)(d)(e) (Cost $6,992,915) | 63,819 | 14,911,309 | |
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 71,825,670 | 71,840,035 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 12,774,026 | 12,775,303 | |
TOTAL MONEY MARKET FUNDS (Cost $84,615,338) | 84,615,338 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $3,263,018,784) | 4,339,131,807 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | 1,105,545 |
NET ASSETS - 100.0% | 4,340,237,352 |
(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 $9,691,500 or 0.2% 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 $14,911,309 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 21,706,800 | 1,082,485,083 | 1,032,351,848 | 4,868,858 | 713 | (713) | 71,840,035 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.40% | 34,813,698 | 1,401,630,797 | 1,423,669,192 | 512,442 | - | - | 12,775,303 | 0.1% |
Total | 56,520,498 | 2,484,115,880 | 2,456,021,040 | 5,381,300 | 713 | (713) | 84,615,338 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 41,695,652 | 26,784,343 | - | 14,911,309 |
Consumer Discretionary | 560,312,878 | 186,189,555 | 374,123,323 | - |
Consumer Staples | 213,737,631 | 7,754,884 | 205,982,747 | - |
Energy | 43,610,855 | 32,340,112 | 11,270,743 | - |
Financials | 776,018,453 | 575,219,419 | 200,799,034 | - |
Health Care | 377,543,140 | 35,248,512 | 342,294,628 | - |
Industrials | 1,138,666,257 | 337,693,770 | 800,972,487 | - |
Information Technology | 720,695,383 | 162,860,017 | 557,835,366 | - |
Materials | 382,236,220 | 382,236,220 | - | - |
Money Market Funds | 84,615,338 | 84,615,338 | - | - |
Total Investments in Securities: | 4,339,131,807 | 1,830,942,170 | 2,493,278,328 | 14,911,309 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $12,204,396) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,178,403,446) | $ | 4,254,516,469 | ||
Fidelity Central Funds (cost $84,615,338) | 84,615,338 | |||
Total Investment in Securities (cost $3,263,018,784) | $ | 4,339,131,807 | ||
Foreign currency held at value (cost $156,247) | 155,181 | |||
Receivable for investments sold | 11,250,804 | |||
Receivable for fund shares sold | 4,620,391 | |||
Dividends receivable | 3,400,145 | |||
Reclaims receivable | 9,580,974 | |||
Distributions receivable from Fidelity Central Funds | 263,706 | |||
Prepaid expenses | 6,545 | |||
Total assets | 4,368,409,553 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,320,644 | ||
Payable for fund shares redeemed | 8,354,978 | |||
Accrued management fee | 2,692,271 | |||
Distribution and service plan fees payable | 71,031 | |||
Other affiliated payables | 639,147 | |||
Other payables and accrued expenses | 319,530 | |||
Collateral on securities loaned | 12,774,600 | |||
Total Liabilities | 28,172,201 | |||
Net Assets | $ | 4,340,237,352 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,337,757,395 | ||
Total accumulated earnings (loss) | 1,002,479,957 | |||
Net Assets | $ | 4,340,237,352 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($171,656,226 ÷ 10,601,838 shares)(a) | $ | 16.19 | ||
Maximum offering price per share (100/94.25 of $16.19) | $ | 17.18 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($27,016,082 ÷ 1,684,703 shares)(a) | $ | 16.04 | ||
Maximum offering price per share (100/96.50 of $16.04) | $ | 16.62 | ||
Class C : | ||||
Net Asset Value and offering price per share ($27,270,007 ÷ 1,763,804 shares)(a) | $ | 15.46 | ||
International Growth : | ||||
Net Asset Value, offering price and redemption price per share ($1,277,883,677 ÷ 78,016,626 shares) | $ | 16.38 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($1,441,605,316 ÷ 88,243,151 shares) | $ | 16.34 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,394,806,044 ÷ 85,154,166 shares) | $ | 16.38 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 65,475,972 | ||
Interest | 2,636 | |||
Income from Fidelity Central Funds (including $512,442 from security lending) | 5,381,300 | |||
Income before foreign taxes withheld | $ | 70,859,908 | ||
Less foreign taxes withheld | (6,548,064) | |||
Total Income | 64,311,844 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 30,081,647 | ||
Performance adjustment | 1,541,140 | |||
Transfer agent fees | 6,142,434 | |||
Distribution and service plan fees | 932,696 | |||
Accounting fees | 1,473,290 | |||
Custodian fees and expenses | 292,314 | |||
Independent trustees' fees and expenses | 24,963 | |||
Registration fees | 192,679 | |||
Audit | 82,828 | |||
Legal | 4,892 | |||
Interest | 23,665 | |||
Miscellaneous | 20,523 | |||
Total expenses before reductions | 40,813,071 | |||
Expense reductions | (271,880) | |||
Total expenses after reductions | 40,541,191 | |||
Net Investment income (loss) | 23,770,653 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,955) | (80,824,167) | |||
Fidelity Central Funds | 713 | |||
Foreign currency transactions | (264,620) | |||
Total net realized gain (loss) | (81,088,074) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $481,602) | 419,659,027 | |||
Fidelity Central Funds | (713) | |||
Assets and liabilities in foreign currencies | 678,596 | |||
Total change in net unrealized appreciation (depreciation) | 420,336,910 | |||
Net gain (loss) | 339,248,836 | |||
Net increase (decrease) in net assets resulting from operations | $ | 363,019,489 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 23,770,653 | $ | 14,250,128 |
Net realized gain (loss) | (81,088,074) | 85,832,715 | ||
Change in net unrealized appreciation (depreciation) | 420,336,910 | (1,635,676,492) | ||
Net increase (decrease) in net assets resulting from operations | 363,019,489 | (1,535,593,649) | ||
Distributions to shareholders | (63,050,595) | (105,083,685) | ||
Share transactions - net increase (decrease) | 265,402,755 | (1,611,089) | ||
Total increase (decrease) in net assets | 565,371,649 | (1,642,288,423) | ||
Net Assets | ||||
Beginning of period | 3,774,865,703 | 5,417,154,126 | ||
End of period | $ | 4,340,237,352 | $ | 3,774,865,703 |
Fidelity Advisor® International Growth Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 14.89 | $ | 21.04 | $ | 16.06 | $ | 15.03 | $ | 12.47 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .04 | - C | (.04) | (.01) | .15 D | |||||
Net realized and unrealized gain (loss) | 1.49 | (5.80) | 5.02 | 1.16 | 2.48 | |||||
Total from investment operations | 1.53 | (5.80) | 4.98 | 1.15 | 2.63 | |||||
Distributions from net investment income | - | (.03) | - | (.12) | (.07) | |||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | |||||
Total distributions | (.23) | (.35) | - | (.12) | (.07) | |||||
Net asset value, end of period | $ | 16.19 | $ | 14.89 | $ | 21.04 | $ | 16.06 | $ | 15.03 |
Total Return E,F | 10.26% | (28.00)% | 31.01% | 7.66% | 21.25% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.21% | 1.30% | 1.28% | 1.30% | 1.28% | |||||
Expenses net of fee waivers, if any | 1.21% | 1.30% | 1.28% | 1.30% | 1.28% | |||||
Expenses net of all reductions | 1.21% | 1.30% | 1.28% | 1.29% | 1.27% | |||||
Net investment income (loss) | .23% | .02% | (.20)% | (.08)% | 1.14% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 171,656 | $ | 157,490 | $ | 232,527 | $ | 174,561 | $ | 164,247 |
Portfolio turnover rate I | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 14.79 | $ | 20.92 | $ | 16.01 | $ | 14.99 | $ | 12.43 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | (.01) | (.04) | (.09) | (.06) | .11 C | |||||
Net realized and unrealized gain (loss) | 1.49 | (5.77) | 5.00 | 1.15 | 2.48 | |||||
Total from investment operations | 1.48 | (5.81) | 4.91 | 1.09 | 2.59 | |||||
Distributions from net investment income | - | - | - | (.07) | (.03) | |||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | |||||
Total distributions | (.23) | (.32) | - | (.07) | (.03) | |||||
Net asset value, end of period | $ | 16.04 | $ | 14.79 | $ | 20.92 | $ | 16.01 | $ | 14.99 |
Total Return D,E | 9.99% | (28.18)% | 30.67% | 7.27% | 20.92% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.48% | 1.57% | 1.55% | 1.59% | 1.58% | |||||
Expenses net of fee waivers, if any | 1.48% | 1.57% | 1.55% | 1.59% | 1.58% | |||||
Expenses net of all reductions | 1.47% | 1.57% | 1.55% | 1.58% | 1.58% | |||||
Net investment income (loss) | (.03)% | (.25)% | (.48)% | (.37)% | .83% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 27,016 | $ | 26,250 | $ | 38,761 | $ | 30,353 | $ | 28,534 |
Portfolio turnover rate H | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 14.33 | $ | 20.39 | $ | 15.68 | $ | 14.68 | $ | 12.20 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | (.09) | (.13) | (.18) | (.13) | .05 C | |||||
Net realized and unrealized gain (loss) | 1.45 | (5.61) | 4.89 | 1.13 | 2.43 | |||||
Total from investment operations | 1.36 | (5.74) | 4.71 | 1.00 | 2.48 | |||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | |||||
Total distributions | (.23) | (.32) | - | - | - | |||||
Net asset value, end of period | $ | 15.46 | $ | 14.33 | $ | 20.39 | $ | 15.68 | $ | 14.68 |
Total Return D,E | 9.47% | (28.58)% | 30.04% | 6.81% | 20.33% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.98% | 2.07% | 2.05% | 2.07% | 2.04% | |||||
Expenses net of fee waivers, if any | 1.97% | 2.06% | 2.05% | 2.07% | 2.04% | |||||
Expenses net of all reductions | 1.97% | 2.06% | 2.05% | 2.06% | 2.03% | |||||
Net investment income (loss) | (.53)% | (.74)% | (.97)% | (.85)% | .38% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 27,270 | $ | 33,575 | $ | 58,867 | $ | 55,013 | $ | 57,291 |
Portfolio turnover rate H | 22% | 22% | 21% | 23% | 21% |
Fidelity® International Growth Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.05 | $ | 21.26 | $ | 16.20 | $ | 15.16 | $ | 12.57 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .09 | .05 | .02 | .03 | .19 C | |||||
Net realized and unrealized gain (loss) | 1.51 | (5.85) | 5.06 | 1.17 | 2.51 | |||||
Total from investment operations | 1.60 | (5.80) | 5.08 | 1.20 | 2.70 | |||||
Distributions from net investment income | (.04) | (.09) | (.02) | (.16) | (.11) | |||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | |||||
Total distributions | (.27) | (.41) | (.02) | (.16) | (.11) | |||||
Net asset value, end of period | $ | 16.38 | $ | 15.05 | $ | 21.26 | $ | 16.20 | $ | 15.16 |
Total Return D | 10.59% | (27.79)% | 31.38% | 7.93% | 21.66% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .93% | 1.01% | .99% | 1.01% | .99% | |||||
Expenses net of fee waivers, if any | .92% | 1.01% | .99% | 1.01% | .99% | |||||
Expenses net of all reductions | .92% | 1.01% | .99% | 1.00% | .99% | |||||
Net investment income (loss) | .52% | .31% | .09% | .21% | 1.42% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,277,884 | $ | 1,194,442 | $ | 1,773,433 | $ | 1,292,392 | $ | 1,040,532 |
Portfolio turnover rate G | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.01 | $ | 21.20 | $ | 16.16 | $ | 15.13 | $ | 12.55 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .09 | .05 | .01 | .03 | .20 C | |||||
Net realized and unrealized gain (loss) | 1.50 | (5.83) | 5.05 | 1.16 | 2.49 | |||||
Total from investment operations | 1.59 | (5.78) | 5.06 | 1.19 | 2.69 | |||||
Distributions from net investment income | (.03) | (.09) | (.02) | (.16) | (.11) | |||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | |||||
Total distributions | (.26) | (.41) | (.02) | (.16) | (.11) | |||||
Net asset value, end of period | $ | 16.34 | $ | 15.01 | $ | 21.20 | $ | 16.16 | $ | 15.13 |
Total Return D | 10.59% | (27.78)% | 31.36% | 7.90% | 21.64% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .94% | 1.02% | 1.00% | 1.01% | .97% | |||||
Expenses net of fee waivers, if any | .93% | 1.02% | 1.00% | 1.01% | .97% | |||||
Expenses net of all reductions | .93% | 1.02% | 1.00% | 1.00% | .97% | |||||
Net investment income (loss) | .51% | .30% | .07% | .21% | 1.44% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,441,605 | $ | 1,373,850 | $ | 2,035,690 | $ | 1,382,837 | $ | 953,360 |
Portfolio turnover rate G | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.05 | $ | 21.25 | $ | 16.19 | $ | 15.16 | $ | 12.57 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .11 | .08 | .04 | .05 | .22 C | |||||
Net realized and unrealized gain (loss) | 1.51 | (5.85) | 5.06 | 1.16 | 2.50 | |||||
Total from investment operations | 1.62 | (5.77) | 5.10 | 1.21 | 2.72 | |||||
Distributions from net investment income | (.06) | (.11) | (.04) | (.18) | (.13) | |||||
Distributions from net realized gain | (.23) | (.32) | - | - | - | |||||
Total distributions | (.29) | (.43) | (.04) | (.18) | (.13) | |||||
Net asset value, end of period | $ | 16.38 | $ | 15.05 | $ | 21.25 | $ | 16.19 | $ | 15.16 |
Total Return D | 10.74% | (27.68)% | 31.55% | 8.01% | 21.85% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .80% | .89% | .87% | .88% | .84% | |||||
Expenses net of fee waivers, if any | .79% | .89% | .87% | .88% | .84% | |||||
Expenses net of all reductions | .79% | .89% | .87% | .87% | .84% | |||||
Net investment income (loss) | .65% | .43% | .20% | .34% | 1.57% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,394,806 | $ | 989,259 | $ | 1,277,877 | $ | 1,350,267 | $ | 1,082,899 |
Portfolio turnover rate G | 22% | 22% | 21% | 23% | 21% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,242,559,771 |
Gross unrealized depreciation | (181,466,705) |
Net unrealized appreciation (depreciation) | $1,061,093,066 |
Tax Cost | $3,278,038,741 |
Undistributed ordinary income | $20,796,642 |
Capital loss carryforward | $(79,045,408) |
Net unrealized appreciation (depreciation) on securites and other investments | $1,060,899,720 |
Short-term | $(19,969,920) |
Long-term | (59,075,488) |
Total capital loss carryforward | $(79,045,408) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $8,821,103 | $23,472,059 |
Long-term Capital Gains | 54,229,492 | 81,611,626 |
Total | $63,050,595 | $105,083,685 |
Purchases ($) | Sales ($) | |
Fidelity International Growth Fund | 1,156,782,587 | 958,996,707 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | -% | .25% | $450,910 | $4,238 |
Class M | .25% | .25% | 146,796 | 536 |
Class C | .75% | .25% | 334,990 | 22,385 |
$932,696 | $27,159 |
Retained by FDC | |
Class A | $41,447 |
Class M | 2,116 |
Class CA | 653 |
$44,216 |
Amount | % of Class-Level Average Net Assets | |
Class A | $373,369 | .21 |
Class M | 66,360 | .23 |
Class C | 73,753 | .22 |
International Growth | 2,343,640 | .17 |
Class I | 2,736,887 | .18 |
Class Z | 548,425 | .04 |
$6,142,434 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
International Growth | 0.1672% |
Class I | 0.1771% |
% of Average Net Assets | |
Fidelity International Growth Fund | .03 |
% of Average Net Assets | |
Fidelity International Growth Fund | 0.0302% |
Amount | |
Fidelity International Growth Fund | $1,332 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Growth Fund | Borrower | $ 10,479,050 | 4.07% | $23,665 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Growth Fund | 78,879,257 | 23,313,324 | (5,554,504) |
Amount | |
Fidelity International Growth Fund | $7,938 |
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 | $55,316 | $- | $- |
Expense reduction | |
Class M | $893 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity International Growth Fund | ||||
Class A | ||||
Shares sold | 1,715,103 | 1,571,011 | $29,331,847 | $27,633,662 |
Reinvestment of distributions | 147,890 | 192,594 | 2,418,006 | 3,867,288 |
Shares redeemed | (1,838,431) | (2,239,322) | (31,184,405) | (38,758,166) |
Net increase (decrease) | 24,562 | (475,717) | $565,448 | $(7,257,216) |
Class M | ||||
Shares sold | 132,875 | 182,229 | $2,258,104 | $3,218,457 |
Reinvestment of distributions | 25,006 | 29,196 | 405,854 | 583,619 |
Shares redeemed | (248,334) | (289,342) | (4,205,991) | (4,956,089) |
Net increase (decrease) | (90,453) | (77,917) | $(1,542,033) | $(1,154,013) |
Class C | ||||
Shares sold | 198,976 | 235,265 | $3,272,412 | $4,302,683 |
Reinvestment of distributions | 33,238 | 47,271 | 522,168 | 919,894 |
Shares redeemed | (810,575) | (828,106) | (13,278,845) | (13,580,412) |
Net increase (decrease) | (578,361) | (545,570) | $(9,484,265) | $(8,357,835) |
International Growth | ||||
Shares sold | 14,951,508 | 16,241,408 | $259,687,765 | $290,344,779 |
Reinvestment of distributions | 1,147,426 | 1,547,748 | 18,921,062 | 31,326,431 |
Shares redeemed | (17,451,945) | (21,846,639) | (300,038,938) | (372,519,642) |
Net increase (decrease) | (1,353,011) | (4,057,483) | $(21,430,111) | $(50,848,432) |
Class I | ||||
Shares sold | 26,254,085 | 27,427,945 | $452,275,393 | $483,250,347 |
Reinvestment of distributions | 1,326,495 | 1,891,163 | 21,820,838 | 38,182,588 |
Shares redeemed | (30,872,229) | (33,802,275) | (525,218,348) | (571,344,966) |
Net increase (decrease) | (3,291,649) | (4,483,167) | $(51,122,117) | $(49,912,031) |
Class Z | ||||
Shares sold | 46,420,503 | 45,989,188 | $799,082,627 | $767,374,148 |
Reinvestment of distributions | 410,878 | 542,351 | 6,767,160 | 10,966,334 |
Shares redeemed | (27,405,076) | (40,926,928) | (457,433,954) | (662,422,044) |
Net increase (decrease) | 19,426,305 | 5,604,611 | $348,415,833 | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Growth Fund | ||||||||||
Class A | 1.19% | |||||||||
Actual | $ 1,000 | $ 915.70 | $ 5.75 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.21 | $ 6.06 | |||||||
Class M | 1.46% | |||||||||
Actual | $ 1,000 | $ 914.50 | $ 7.05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.85 | $ 7.43 | |||||||
Class C | 1.95% | |||||||||
Actual | $ 1,000 | $ 912.10 | $ 9.40 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.38 | $ 9.91 | |||||||
Fidelity® International Growth Fund | .91% | |||||||||
Actual | $ 1,000 | $ 917.10 | $ 4.40 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.62 | $ 4.63 | |||||||
Class I | .92% | |||||||||
Actual | $ 1,000 | $ 916.90 | $ 4.45 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.57 | $ 4.69 | |||||||
Class Z | .78% | |||||||||
Actual | $ 1,000 | $ 917.60 | $ 3.77 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.27 | $ 3.97 | |||||||
Pay Date | Income | Taxes | |
Fidelity International Growth Fund | |||
Class A | 12/12/2022 | $0.0000 | $0.0000 |
Class M | 12/12/2022 | $0.0000 | $0.0000 |
Class C | 12/12/2022 | $0.0000 | $0.0000 |
International Growth | 12/12/2022 | $0.0573 | $0.0223 |
Class I | 12/12/2022 | $0.0543 | $0.0223 |
Class Z | 12/12/2022 | $0.0803 | $0.0223 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Life of Fund A |
Fidelity® Series Emerging Markets Fund | 14.04% | -0.77% | -3.02% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Series Emerging Markets Fund, on August 29, 2018, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 7.7 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.5 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.4 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.9 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.4 | |
HDFC Bank Ltd. (India, Banks) | 2.0 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.7 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (China, Diversified Consumer Services) | 1.6 | |
ICICI Bank Ltd. (India, Banks) | 1.6 | |
Trip.com Group Ltd. ADR (China, Hotels, Restaurants & Leisure) | 1.4 | |
32.2 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 21.1 | |
Financials | 20.1 | |
Consumer Discretionary | 16.2 | |
Communication Services | 9.5 | |
Industrials | 5.5 | |
Consumer Staples | 5.2 | |
Materials | 4.1 | |
Health Care | 4.1 | |
Energy | 3.6 | |
Utilities | 1.5 | |
Real Estate | 0.7 | |
Asset Allocation (% of Fund's net assets) |
Futures - 4.6% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 90.1% | |||
Shares | Value ($) | ||
Brazil - 3.8% | |||
Banco BTG Pactual SA unit | 8,715,773 | 51,170,106 | |
Banco do Brasil SA | 3,061,931 | 29,363,686 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 50,640,905 | 37,063,508 | |
Localiza Rent a Car SA | 1,880,360 | 18,972,363 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 13,068 | 18,144 | |
Raia Drogasil SA | 5,967,499 | 30,537,308 | |
Vale SA | 1,454,479 | 19,905,598 | |
TOTAL BRAZIL | 187,030,713 | ||
China - 31.6% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 1,283,100 | 30,059,742 | |
Airtac International Group | 1,511,700 | 49,662,782 | |
Alibaba Group Holding Ltd. (a) | 16,367,262 | 168,502,257 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 270,100 | 22,294,054 | |
Anta Sports Products Ltd. | 982,129 | 11,107,379 | |
Baidu, Inc. sponsored ADR (a) | 114,588 | 12,031,740 | |
BeiGene Ltd. ADR (a) | 34,045 | 6,341,903 | |
BYD Co. Ltd. (H Shares) | 1,173,681 | 35,691,791 | |
China Construction Bank Corp. (H Shares) | 70,918,005 | 40,108,252 | |
China Life Insurance Co. Ltd. (H Shares) | 35,141,937 | 47,596,199 | |
ENN Energy Holdings Ltd. | 1,331,163 | 10,083,755 | |
Flat Glass Group Co. Ltd. (c) | 8,379,811 | 15,049,133 | |
Haier Smart Home Co. Ltd. | 7,797,449 | 22,240,891 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 53,735,270 | 25,752,347 | |
Innovent Biologics, Inc. (a)(b) | 3,842,000 | 22,641,535 | |
JD.com, Inc. sponsored ADR | 964,694 | 24,522,521 | |
Kweichow Moutai Co. Ltd. (A Shares) | 177,302 | 40,842,266 | |
Li Auto, Inc. ADR (a) | 727,052 | 24,581,628 | |
Li Ning Co. Ltd. | 1,713,147 | 5,249,774 | |
Maxscend Microelectronics Co. Ltd. (A Shares) | 440,800 | 9,096,073 | |
Meituan Class B (a)(b) | 5,723,775 | 81,134,592 | |
NetEase, Inc. ADR (c) | 553,758 | 59,207,805 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 1,227,837 | 80,411,045 | |
PDD Holdings, Inc. ADR (a) | 1,143,907 | 116,015,048 | |
PetroChina Co. Ltd. (H Shares) | 57,944,677 | 37,821,398 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 7,310,418 | 37,081,925 | |
Sany Heavy Industry Co. Ltd. (A Shares) | 5,802,200 | 11,474,807 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 1,492,619 | 58,351,593 | |
Shenzhou International Group Holdings Ltd. | 1,141,059 | 11,208,021 | |
Sinotruk Hong Kong Ltd. | 29,035,192 | 54,687,875 | |
Tencent Holdings Ltd. | 5,813,181 | 215,138,598 | |
Trip.com Group Ltd. ADR (a) | 2,035,312 | 69,200,608 | |
Will Semiconductor Ltd. | 343,700 | 5,186,672 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 679,168 | 14,480,607 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 1,370,900 | 16,473,483 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 3,547,033 | 22,054,536 | |
Zijin Mining Group Co. Ltd. (H Shares) | 22,362,192 | 34,592,341 | |
TOTAL CHINA | 1,547,976,976 | ||
Greece - 0.2% | |||
OPAP SA | 668,600 | 11,319,131 | |
Hungary - 0.5% | |||
Richter Gedeon PLC | 969,648 | 22,735,569 | |
India - 14.7% | |||
Axis Bank Ltd. | 3,331,731 | 39,302,122 | |
Bharti Airtel Ltd. | 3,176,835 | 34,879,591 | |
HDFC Bank Ltd. | 5,450,488 | 96,687,654 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 6,386,817 | 47,431,468 | |
Hindustan Aeronautics Ltd. | 1,429,324 | 31,271,105 | |
Hindustan Unilever Ltd. | 585,909 | 17,480,313 | |
ICICI Bank Ltd. | 7,018,595 | 77,194,249 | |
Infosys Ltd. | 1,923,151 | 31,618,295 | |
ITC Ltd. | 5,796,274 | 29,827,688 | |
Larsen & Toubro Ltd. | 1,842,786 | 64,830,034 | |
Mankind Pharma Ltd. | 634,711 | 13,293,489 | |
NTPC Ltd. | 22,874,387 | 64,787,371 | |
Reliance Industries Ltd. | 2,136,797 | 58,739,731 | |
SRF Ltd. | 1,090,925 | 28,757,753 | |
Tata Consultancy Services Ltd. | 345,573 | 13,985,880 | |
Tata Steel Ltd. | 8,361,034 | 11,927,540 | |
Ultratech Cement Ltd. | 565,867 | 57,251,012 | |
TOTAL INDIA | 719,265,295 | ||
Indonesia - 2.1% | |||
PT Bank Central Asia Tbk | 62,638,009 | 34,508,573 | |
PT Bank Mandiri (Persero) Tbk | 52,704,070 | 18,828,641 | |
PT Bank Negara Indonesia (Persero) Tbk | 40,281,508 | 12,156,419 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 97,777,894 | 30,573,573 | |
PT Telkom Indonesia Persero Tbk | 38,783,448 | 8,501,945 | |
TOTAL INDONESIA | 104,569,151 | ||
Korea (South) - 12.4% | |||
AMOREPACIFIC Corp. | 142,360 | 13,342,969 | |
Hansol Chemical Co. Ltd. | 62,048 | 6,914,012 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 217,406 | 11,186,853 | |
Hyundai Motor Co. Ltd. | 420,463 | 52,893,153 | |
JYP Entertainment Corp. | 330,941 | 25,153,801 | |
KB Financial Group, Inc. | 1,015,678 | 38,658,494 | |
Kia Corp. | 604,672 | 34,494,577 | |
Korea Aerospace Industries Ltd. | 666,965 | 21,913,760 | |
LG Chemical Ltd. | 22,689 | 7,425,119 | |
LG Innotek Co. Ltd. | 54,814 | 9,084,129 | |
NAVER Corp. | 342,260 | 47,778,104 | |
Samsung Electronics Co. Ltd. | 5,432,711 | 270,011,673 | |
SK Hynix, Inc. | 788,459 | 68,369,954 | |
TOTAL KOREA (SOUTH) | 607,226,598 | ||
Mexico - 3.9% | |||
America Movil S.A.B. de CV Series L | 14,108,753 | 11,652,301 | |
CEMEX S.A.B. de CV sponsored ADR (a) | 1,701,116 | 10,155,663 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 862,878 | 27,128,884 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 278,469 | 31,581,169 | |
Gruma S.A.B. de CV Series B | 2,271,443 | 39,526,308 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 6,755,914 | 54,829,737 | |
Wal-Mart de Mexico SA de CV Series V | 4,022,800 | 14,398,540 | |
TOTAL MEXICO | 189,272,602 | ||
Peru - 0.3% | |||
Credicorp Ltd. (United States) | 117,597 | 14,694,921 | |
Philippines - 0.1% | |||
Ayala Land, Inc. | 14,767,100 | 7,248,926 | |
Russia - 0.1% | |||
LUKOIL PJSC (d) | 568,462 | 175,994 | |
Sberbank of Russia (d) | 5,098,115 | 31,353 | |
Yandex NV Series A (a)(d) | 273,678 | 2,983,090 | |
TOTAL RUSSIA | 3,190,437 | ||
Saudi Arabia - 2.9% | |||
Al Rajhi Bank | 2,250,962 | 40,260,036 | |
Alinma Bank | 3,943,308 | 34,581,201 | |
Saudi Arabian Oil Co. (b) | 1,371,194 | 12,171,010 | |
Saudi Telecom Co. | 1,365,897 | 13,980,820 | |
The Saudi National Bank | 4,750,441 | 42,482,486 | |
TOTAL SAUDI ARABIA | 143,475,553 | ||
South Africa - 2.5% | |||
Absa Group Ltd. | 2,477,970 | 22,591,907 | |
Bid Corp. Ltd. | 925,627 | 19,636,950 | |
Capitec Bank Holdings Ltd. (c) | 173,418 | 15,398,402 | |
FirstRand Ltd. | 2,667,973 | 8,795,185 | |
Impala Platinum Holdings Ltd. | 996,347 | 4,150,375 | |
MTN Group Ltd. | 1,026,257 | 5,009,731 | |
Naspers Ltd. Class N | 175,109 | 27,334,668 | |
Standard Bank Group Ltd. | 2,030,300 | 19,923,357 | |
TOTAL SOUTH AFRICA | 122,840,575 | ||
Taiwan - 13.8% | |||
Alchip Technologies Ltd. | 645,654 | 52,913,419 | |
Chailease Holding Co. Ltd. | 8,374,599 | 45,393,443 | |
E Ink Holdings, Inc. | 1,468,716 | 7,636,028 | |
eMemory Technology, Inc. | 595,605 | 37,286,776 | |
Formosa Plastics Corp. | 4,114,674 | 9,777,869 | |
HIWIN Technologies Corp. | 2,873,296 | 17,399,173 | |
International Games Systems Co. Ltd. | 1,329,365 | 25,603,676 | |
King Yuan Electronics Co. Ltd. | 10,566,137 | 25,014,027 | |
MediaTek, Inc. | 907,695 | 23,672,015 | |
Realtek Semiconductor Corp. | 809,803 | 10,084,699 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 23,140,292 | 377,648,176 | |
Unimicron Technology Corp. | 2,542,150 | 11,329,040 | |
Yageo Corp. | 2,086,967 | 33,998,755 | |
TOTAL TAIWAN | 677,757,096 | ||
Thailand - 1.0% | |||
Bangkok Bank PCL (For. Reg.) | 4,401,402 | 19,180,667 | |
PTT Exploration and Production PCL (For. Reg.) | 3,884,318 | 17,640,860 | |
SCB X PCL (For. Reg.) | 3,943,959 | 10,753,506 | |
TOTAL THAILAND | 47,575,033 | ||
United Arab Emirates - 0.2% | |||
Adnoc Gas PLC | 13,713,574 | 11,984,909 | |
TOTAL COMMON STOCKS (Cost $4,370,890,491) | 4,418,163,485 | ||
Nonconvertible Preferred Stocks - 1.6% | |||
Shares | Value ($) | ||
Brazil - 1.6% | |||
Banco Bradesco SA (PN) | 2,893,103 | 8,027,869 | |
Gerdau SA | 2,800,933 | 12,094,275 | |
Itau Unibanco Holding SA | 3,606,085 | 19,182,863 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 2,633,002 | 39,495,030 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $69,061,242) | 78,800,037 | ||
Government Obligations - 0.2% | |||
Principal Amount (e) | Value ($) | ||
United States of America - 0.2% | |||
U.S. Treasury Bills, yield at date of purchase 5.34% to 5.4% 11/2/23 to 12/28/23 (f) (Cost $8,490,264) | 8,540,000 | 8,490,269 | |
Money Market Funds - 7.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (g) | 314,965,743 | 315,028,737 | |
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h) | 48,132,844 | 48,137,657 | |
TOTAL MONEY MARKET FUNDS (Cost $363,166,394) | 363,166,394 | ||
TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $4,811,608,391) | 4,868,620,185 |
NET OTHER ASSETS (LIABILITIES) - 0.7% | 36,237,826 |
NET ASSETS - 100.0% | 4,904,858,011 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 4,865 | Dec 2023 | 223,595,400 | (3,742,873) | (3,742,873) |
The notional amount of futures purchased as a percentage of Net Assets is 4.6% |
(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 $238,970,132 or 4.9% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(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 $3,939,578. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.40% | 175,911,032 | 2,617,975,624 | 2,478,857,919 | 11,722,077 | - | - | 315,028,737 | 0.7% |
Fidelity Securities Lending Cash Central Fund 5.40% | 9,725,325 | 454,894,110 | 416,481,778 | 306,094 | - | - | 48,137,657 | 0.2% |
Total | 185,636,357 | 3,072,869,734 | 2,895,339,697 | 12,028,171 | - | - | 363,166,394 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 461,921,202 | 101,882,397 | 357,055,715 | 2,983,090 |
Consumer Discretionary | 798,201,138 | 375,678,703 | 422,522,435 | - |
Consumer Staples | 251,654,118 | 135,680,275 | 115,973,843 | - |
Energy | 178,028,932 | 63,650,949 | 114,201,989 | 175,994 |
Financials | 982,540,641 | 361,301,756 | 621,207,532 | 31,353 |
Health Care | 198,955,616 | 66,140,980 | 132,814,636 | - |
Industrials | 281,416,896 | 18,990,507 | 262,426,389 | - |
Information Technology | 1,032,044,486 | - | 1,032,044,486 | - |
Materials | 202,951,557 | 42,155,536 | 160,796,021 | - |
Real Estate | 34,377,810 | 27,128,884 | 7,248,926 | - |
Utilities | 74,871,126 | - | 74,871,126 | - |
Government Obligations | 8,490,269 | - | 8,490,269 | - |
Money Market Funds | 363,166,394 | 363,166,394 | - | - |
Total Investments in Securities: | 4,868,620,185 | 1,555,776,381 | 3,309,653,367 | 3,190,437 |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (3,742,873) | (3,742,873) | - | - |
Total Liabilities | (3,742,873) | (3,742,873) | - | - |
Total Derivative Instruments: | (3,742,873) | (3,742,873) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (3,742,873) |
Total Equity Risk | 0 | (3,742,873) |
Total Value of Derivatives | 0 | (3,742,873) |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $46,147,237) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,448,441,997) | $ | 4,505,453,791 | ||
Fidelity Central Funds (cost $363,166,394) | 363,166,394 | |||
Total Investment in Securities (cost $4,811,608,391) | $ | 4,868,620,185 | ||
Foreign currency held at value (cost $130,793) | 114,643 | |||
Receivable for investments sold | 40,869,754 | |||
Receivable for fund shares sold | 112,459,012 | |||
Dividends receivable | 5,011,562 | |||
Distributions receivable from Fidelity Central Funds | 1,545,492 | |||
Receivable from investment adviser for expense reductions | 62,895 | |||
Other receivables | 1,292,952 | |||
Total assets | 5,029,976,495 | |||
Liabilities | ||||
Payable for investments purchased | $ | 40,333,136 | ||
Payable for fund shares redeemed | 28,547,057 | |||
Payable for daily variation margin on futures contracts | 829,181 | |||
Deferred taxes | 6,591,794 | |||
Other payables and accrued expenses | 679,659 | |||
Collateral on securities loaned | 48,137,657 | |||
Total Liabilities | 125,118,484 | |||
Net Assets | $ | 4,904,858,011 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,398,310,807 | ||
Total accumulated earnings (loss) | (493,452,796) | |||
Net Assets | $ | 4,904,858,011 | ||
Net Asset Value, offering price and redemption price per share ($4,904,858,011 ÷ 635,744,143 shares) | $ | 7.72 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 100,133,122 | ||
Non-Cash dividends | 7,004,906 | |||
Interest | 244,308 | |||
Income from Fidelity Central Funds (including $306,094 from security lending) | 12,028,171 | |||
Income before foreign taxes withheld | $ | 119,410,507 | ||
Less foreign taxes withheld | (11,929,259) | |||
Total Income | 107,481,248 | |||
Expenses | ||||
Custodian fees and expenses | $ | 1,042,894 | ||
Independent trustees' fees and expenses | 18,413 | |||
Total expenses before reductions | 1,061,307 | |||
Expense reductions | (584,710) | |||
Total expenses after reductions | 476,597 | |||
Net Investment income (loss) | 107,004,651 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $7,280,947) | (255,850,963) | |||
Foreign currency transactions | (4,064,321) | |||
Futures contracts | (20,807,407) | |||
Total net realized gain (loss) | (280,722,691) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $273,004) | 412,458,220 | |||
Assets and liabilities in foreign currencies | (1,429) | |||
Futures contracts | 8,062,165 | |||
Total change in net unrealized appreciation (depreciation) | 420,518,956 | |||
Net gain (loss) | 139,796,265 | |||
Net increase (decrease) in net assets resulting from operations | $ | 246,800,916 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 107,004,651 | $ | 74,510,346 |
Net realized gain (loss) | (280,722,691) | (324,627,707) | ||
Change in net unrealized appreciation (depreciation) | 420,518,956 | (1,027,426,269) | ||
Net increase (decrease) in net assets resulting from operations | 246,800,916 | (1,277,543,630) | ||
Distributions to shareholders | (65,273,730) | (105,313,301) | ||
Share transactions | ||||
Proceeds from sales of shares | 2,785,308,852 | 739,859,925 | ||
Reinvestment of distributions | 65,273,730 | 105,313,301 | ||
Cost of shares redeemed | (563,995,467) | (265,266,031) | ||
Net increase (decrease) in net assets resulting from share transactions | 2,286,587,115 | 579,907,195 | ||
Total increase (decrease) in net assets | 2,468,114,301 | (802,949,736) | ||
Net Assets | ||||
Beginning of period | 2,436,743,710 | 3,239,693,446 | ||
End of period | $ | 4,904,858,011 | $ | 2,436,743,710 |
Other Information | ||||
Shares | ||||
Sold | 345,359,955 | 84,221,344 | ||
Issued in reinvestment of distributions | 8,304,546 | 9,925,853 | ||
Redeemed | (69,208,198) | (29,402,412) | ||
Net increase (decrease) | 284,456,303 | 64,744,785 | ||
Fidelity® Series Emerging Markets Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 6.94 | $ | 11.31 | $ | 9.65 | $ | 9.48 | $ | 8.87 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .24 | .23 | .20 | .17 | .30 C | |||||
Net realized and unrealized gain (loss) | .74 | (4.24) | 1.62 | .22 | .35 | |||||
Total from investment operations | .98 | (4.01) | 1.82 | .39 | .65 | |||||
Distributions from net investment income | (.20) | (.30) | (.16) | (.22) | (.04) | |||||
Distributions from net realized gain | - | (.07) | - | - | - | |||||
Total distributions | (.20) | (.36) D | (.16) | (.22) | (.04) | |||||
Net asset value, end of period | $ | 7.72 | $ | 6.94 | $ | 11.31 | $ | 9.65 | $ | 9.48 |
Total Return E,F | 14.04% | (36.53)% | 18.88% | 4.16% | 7.33% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | .03% | .04% | .04% | .05% | .04% | |||||
Expenses net of fee waivers, if any | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of all reductions | .01% | .01% | .01% | .01% | .01% | |||||
Net investment income (loss) | 2.96% | 2.61% | 1.70% | 1.86% | 3.24% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,904,858 | $ | 2,436,744 | $ | 3,239,693 | $ | 2,995,875 | $ | 2,065,165 |
Portfolio turnover rate I | 90% | 65% | 78% | 117% J | 47% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Series Emerging Markets Opportunities Fund | 14.40% | 3.65% | 2.63% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Series Emerging Markets Opportunities Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 7.4 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.6 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.1 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.0 | |
HDFC Bank Ltd. (India, Banks) | 2.3 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.0 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 1.8 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 1.6 | |
Infosys Ltd. (India, IT Consulting & Other Services) | 1.6 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.4 | |
29.8 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.5 | |
Information Technology | 19.5 | |
Consumer Discretionary | 15.4 | |
Communication Services | 9.3 | |
Materials | 7.6 | |
Consumer Staples | 6.4 | |
Industrials | 5.3 | |
Energy | 4.8 | |
Health Care | 3.6 | |
Utilities | 2.9 | |
Real Estate | 1.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.9% | |||
Shares | Value ($) | ||
Brazil - 6.0% | |||
Cury Construtora e Incorporado SA | 3,143,400 | 9,190,007 | |
Cyrela Brazil Realty SA | 1,904,800 | 6,796,718 | |
Dexco SA | 29,311,511 | 39,882,375 | |
ENGIE Brasil Energia SA | 4,621,800 | 36,026,527 | |
Equatorial Energia SA | 9,458,334 | 59,281,669 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 61,245,200 | 44,824,672 | |
Hypera SA (a) | 3,565,400 | 21,420,333 | |
Localiza Rent a Car SA | 8,646,150 | 87,237,497 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 63,400 | 88,025 | |
LOG Commercial Properties e Participacoes SA | 2,606,151 | 10,710,457 | |
MercadoLibre, Inc. (a) | 50,847 | 63,087,907 | |
Multiplan Empreendimentos Imobiliarios SA (a) | 455,600 | 2,235,641 | |
PagSeguro Digital Ltd. (a)(c) | 13,219,949 | 93,332,840 | |
Raia Drogasil SA | 24,662,792 | 126,206,185 | |
Rede D'Oregon Sao Luiz SA (b) | 783,900 | 3,361,515 | |
Rumo SA | 20,858,500 | 92,299,923 | |
StoneCo Ltd. Class A (a) | 5,511,848 | 54,649,973 | |
Suzano Papel e Celulose SA | 6,565,200 | 67,152,747 | |
Transmissora Alianca de Energia Eletrica SA | 4,534,900 | 30,393,072 | |
Vale SA sponsored ADR (c) | 13,040,370 | 178,783,473 | |
XP, Inc. Class A | 8,746,465 | 174,929,300 | |
YDUQS Participacoes SA | 3,769,779 | 13,256,941 | |
TOTAL BRAZIL | 1,215,147,797 | ||
Canada - 0.8% | |||
Barrick Gold Corp. | 9,976,800 | 159,429,264 | |
Chile - 1.1% | |||
Antofagasta PLC | 6,322,144 | 103,353,161 | |
Banco de Chile | 1,078,313,300 | 110,783,137 | |
TOTAL CHILE | 214,136,298 | ||
China - 27.5% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 1,436,800 | 33,660,539 | |
Akeso, Inc. (a)(b) | 3,560,545 | 19,994,441 | |
Alibaba Group Holding Ltd. (a) | 55,000,176 | 566,231,161 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 404,956 | 33,425,068 | |
Angelalign Technology, Inc. (b)(c) | 845,800 | 5,831,217 | |
Anta Sports Products Ltd. | 2,925,800 | 33,089,309 | |
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b) | 840,400 | 10,928,837 | |
Baidu, Inc.: | |||
Class A (a) | 2,062,227 | 27,074,584 | |
sponsored ADR (a) | 139,551 | 14,652,855 | |
BeiGene Ltd. ADR (a) | 217,000 | 40,422,760 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 15,476,876 | 16,553,484 | |
Bilibili, Inc. ADR (a)(c) | 1,154,054 | 15,498,945 | |
BYD Co. Ltd. (H Shares) | 5,710,007 | 173,642,051 | |
C&S Paper Co. Ltd. (A Shares) | 22,252,600 | 33,042,672 | |
China Communications Services Corp. Ltd. (H Shares) | 76,630,000 | 31,343,686 | |
China Construction Bank Corp. (H Shares) | 491,178,000 | 277,789,694 | |
China Gas Holdings Ltd. | 36,096,000 | 32,450,554 | |
China Jushi Co. Ltd. (A Shares) | 44,724,100 | 70,796,620 | |
China Life Insurance Co. Ltd. (H Shares) | 92,444,690 | 125,206,982 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 4,509,628 | 6,803,655 | |
China Overseas Land and Investment Ltd. | 14,948,900 | 28,210,213 | |
China Petroleum & Chemical Corp. (H Shares) | 199,038,000 | 101,795,561 | |
China Resources Beer Holdings Co. Ltd. | 13,834,666 | 73,208,450 | |
China Resources Land Ltd. | 13,515,720 | 50,590,805 | |
China Tower Corp. Ltd. (H Shares) (b) | 122,798,824 | 11,451,097 | |
Daqin Railway Co. Ltd. (A Shares) | 82,255,400 | 81,088,662 | |
Daqo New Energy Corp. ADR (a) | 181,278 | 4,615,338 | |
ENN Energy Holdings Ltd. | 7,544,500 | 57,150,697 | |
ESR Group Ltd. (b) | 5,393,000 | 6,929,443 | |
Greentown China Holdings Ltd. | 10,694,500 | 10,375,175 | |
Guangdong Investment Ltd. | 46,124,000 | 31,474,191 | |
Haier Smart Home Co. Ltd. | 27,845,016 | 79,423,151 | |
Haier Smart Home Co. Ltd. (A Shares) | 1,171,203 | 3,559,279 | |
Haitian International Holdings Ltd. | 17,388,306 | 41,481,263 | |
Innovent Biologics, Inc. (a)(b) | 7,924,862 | 46,702,508 | |
JD.com, Inc. Class A | 5,263,429 | 66,914,828 | |
JOYY, Inc. ADR | 363,583 | 14,150,650 | |
KE Holdings, Inc. ADR | 2,310,700 | 33,990,397 | |
Kingdee International Software Group Co. Ltd. (a) | 4,210,000 | 5,586,116 | |
Kunlun Energy Co. Ltd. | 56,298,000 | 46,902,083 | |
Kweichow Moutai Co. Ltd. (A Shares) | 414,810 | 95,553,239 | |
Lenovo Group Ltd. | 66,718,000 | 77,641,879 | |
Li Auto, Inc.: | |||
ADR (a)(c) | 3,539,469 | 119,669,447 | |
Class A (a) | 548,481 | 9,276,804 | |
Longfor Properties Co. Ltd. (b) | 2,636,435 | 3,838,020 | |
Maxscend Microelectronics Co. Ltd. (A Shares) | 646,400 | 13,338,706 | |
Medlive Technology Co. Ltd. (b) | 3,949,965 | 3,943,578 | |
Meituan Class B (a)(b) | 19,489,239 | 276,260,238 | |
NetEase, Inc. ADR | 774,375 | 82,796,175 | |
New Oriental Education & Technology Group, Inc. (a) | 1,197,100 | 7,805,137 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 1,815,398 | 118,890,415 | |
PDD Holdings, Inc. ADR (a) | 3,921,563 | 397,724,919 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 46,004,500 | 233,356,753 | |
Proya Cosmetics Co. Ltd. (A Shares) | 6,538,322 | 92,855,769 | |
Shangri-La Asia Ltd. (a) | 7,982,000 | 5,092,337 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 1,584,539 | 61,945,061 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 50,696,687 | 25,336,338 | |
Sinopharm Group Co. Ltd. (H Shares) | 10,756,000 | 25,720,642 | |
Sinotruk Hong Kong Ltd. | 16,663,661 | 31,386,058 | |
Sunny Optical Technology Group Co. Ltd. | 4,011,100 | 33,604,730 | |
Tencent Holdings Ltd. | 22,387,081 | 828,518,021 | |
Tofflon Science & Technology Group Co. Ltd. (A Shares) | 1,556,821 | 4,037,184 | |
Tongdao Liepin Group (a) | 6,814,426 | 5,006,747 | |
TravelSky Technology Ltd. (H Shares) | 23,095,000 | 36,483,938 | |
Trip.com Group Ltd. ADR (a) | 3,980,916 | 135,351,144 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 11,249,384 | 85,310,030 | |
Uni-President China Holdings Ltd. | 38,725,000 | 26,355,883 | |
WuXi AppTec Co. Ltd. (H Shares) (b)(c) | 3,176,404 | 38,169,405 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 16,867,087 | 104,875,193 | |
Xinyi Solar Holdings Ltd. | 32,552,804 | 19,157,626 | |
XPeng, Inc. ADR (a)(c) | 2,578,579 | 37,337,824 | |
Zai Lab Ltd. (a) | 10,515,602 | 26,836,407 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 5,109,600 | 16,490,560 | |
ZTO Express, Inc. sponsored ADR | 4,733,400 | 111,566,238 | |
TOTAL CHINA | 5,555,571,466 | ||
Greece - 1.0% | |||
Alpha Bank SA (a) | 86,748,700 | 129,422,207 | |
Piraeus Financial Holdings SA (a) | 22,339,347 | 65,947,964 | |
TOTAL GREECE | 195,370,171 | ||
Hong Kong - 0.9% | |||
ASMPT Ltd. | 4,494,604 | 38,067,279 | |
Gushengtang Holdings Ltd. | 654,700 | 3,921,951 | |
Huanxi Media Group Ltd. (a) | 129,191,425 | 11,880,799 | |
Kerry Properties Ltd. | 6,340,500 | 10,669,710 | |
Prudential PLC | 11,961,814 | 125,077,378 | |
TOTAL HONG KONG | 189,617,117 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 1,656,600 | 38,842,697 | |
India - 19.0% | |||
Apollo Hospitals Enterprise Ltd. | 1,131,100 | 65,474,739 | |
Bajaj Auto Ltd. | 1,211,636 | 77,268,328 | |
Bajaj Finance Ltd. | 2,126,377 | 191,358,478 | |
Bharat Electronics Ltd. | 51,779,600 | 82,931,032 | |
Bharti Airtel Ltd. | 17,766,964 | 195,069,760 | |
Coal India Ltd. | 22,809,400 | 86,073,857 | |
Divi's Laboratories Ltd. | 719,200 | 29,260,243 | |
Eicher Motors Ltd. | 1,394,633 | 55,180,415 | |
Embassy Office Parks (REIT) | 5,472,069 | 20,470,850 | |
HDFC Bank Ltd. | 26,462,097 | 469,418,163 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 19,888,241 | 147,699,309 | |
Hindustan Aeronautics Ltd. | 2,620,200 | 57,325,386 | |
ICICI Bank Ltd. | 13,023,800 | 143,242,695 | |
Indraprastha Gas Ltd. | 9,819,494 | 45,093,090 | |
Infosys Ltd. | 3,034,734 | 49,893,697 | |
Infosys Ltd. sponsored ADR | 15,803,475 | 259,493,060 | |
ITC Ltd. | 25,529,254 | 131,373,815 | |
JK Cement Ltd. | 2,992,821 | 113,422,453 | |
Larsen & Toubro Ltd. | 4,240,516 | 149,183,245 | |
Ltimindtree Ltd. (b) | 258,472 | 15,720,966 | |
Mahanagar Gas Ltd. | 3,221,234 | 39,928,695 | |
Mahindra & Mahindra Ltd. | 1,406,300 | 24,638,481 | |
MakeMyTrip Ltd. (a) | 1,662,700 | 64,396,371 | |
Mankind Pharma Ltd. | 2,518,039 | 52,738,215 | |
Maruti Suzuki India Ltd. | 463,781 | 57,898,238 | |
NTPC Ltd. | 29,852,345 | 84,551,116 | |
One97 Communications Ltd. (a) | 6,185,057 | 68,430,139 | |
Persistent Systems Ltd. | 118,100 | 8,744,948 | |
Petronet LNG Ltd. | 10,959,980 | 26,262,841 | |
Pine Labs Private Ltd. (a)(d)(e) | 9,606 | 3,013,306 | |
Power Grid Corp. of India Ltd. | 34,271,672 | 83,212,154 | |
Reliance Industries Ltd. | 13,512,692 | 371,458,728 | |
Shree Cement Ltd. | 235,468 | 72,552,677 | |
Sona Blw Precision Forgings Ltd. (b) | 5,599,375 | 36,429,708 | |
SRF Ltd. | 2,143,800 | 56,512,474 | |
Star Health & Allied Insurance Co. Ltd. (a) | 12,376,100 | 86,196,187 | |
Tata Motors Ltd. | 2,854,395 | 21,552,880 | |
Tata Steel Ltd. | 76,841,000 | 109,618,507 | |
Torrent Pharmaceuticals Ltd. | 926,472 | 21,409,408 | |
Zomato Ltd. (a) | 128,549,652 | 162,544,515 | |
TOTAL INDIA | 3,837,043,169 | ||
Indonesia - 2.6% | |||
First Resources Ltd. | 53,989,346 | 59,610,983 | |
PT Bank Central Asia Tbk | 348,112,760 | 191,782,510 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 623,075,239 | 194,825,593 | |
PT Sumber Alfaria Trijaya Tbk | 302,740,300 | 55,097,735 | |
PT Telkom Indonesia Persero Tbk | 107,116,000 | 23,481,521 | |
TOTAL INDONESIA | 524,798,342 | ||
Korea (South) - 10.1% | |||
AMOREPACIFIC Corp. | 604,969 | 56,701,900 | |
ASICLAND Co. Ltd. (f) | 17,300 | 319,765 | |
Coway Co. Ltd. | 1,088,000 | 34,765,251 | |
Delivery Hero AG (a)(b) | 822,552 | 20,862,104 | |
Hyundai Motor Co. Ltd. | 190,679 | 23,986,923 | |
Jeisys Medical, Inc. (a)(c) | 1,003,254 | 7,820,212 | |
Kakao Corp. | 1,186,016 | 33,379,291 | |
Kakao Pay Corp. (a) | 470,761 | 11,983,582 | |
Kia Corp. | 2,512,103 | 143,307,329 | |
LG Chemical Ltd. | 96,026 | 31,425,118 | |
LG Corp. | 1,043,328 | 59,630,540 | |
LS Electric Co. Ltd. | 391,530 | 18,597,677 | |
NAVER Corp. | 994,253 | 138,793,676 | |
POSCO | 184,696 | 56,456,285 | |
Samsung Biologics Co. Ltd. (a)(b) | 145,438 | 76,344,413 | |
Samsung Electronics Co. Ltd. | 18,542,375 | 921,576,300 | |
Samsung SDI Co. Ltd. | 286,592 | 90,610,497 | |
SK Hynix, Inc. | 3,630,234 | 314,789,901 | |
TOTAL KOREA (SOUTH) | 2,041,350,764 | ||
Mauritius - 0.0% | |||
Jumo World Holding Ltd. (d)(e) | 2,024,724 | 2,976,344 | |
Jumo World Ltd. (a)(e) | 2,021 | 0 | |
TOTAL MAURITIUS | 2,976,344 | ||
Mexico - 2.4% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 11,881,600 | 70,933,152 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 7,406,684 | 23,223,687 | |
Fibra Uno Administracion SA de CV | 10,490,300 | 15,925,426 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 1,553,500 | 18,121,725 | |
Grupo Aeroportuario Norte S.A.B. de CV | 2,815,051 | 21,489,571 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 27,707,378 | 224,867,910 | |
Wal-Mart de Mexico SA de CV Series V | 28,330,400 | 101,401,116 | |
TOTAL MEXICO | 475,962,587 | ||
Netherlands - 0.1% | |||
CTP BV (b) | 878,177 | 12,785,779 | |
Panama - 0.3% | |||
Copa Holdings SA Class A | 763,975 | 62,378,559 | |
Peru - 0.5% | |||
Credicorp Ltd. (United States) | 732,422 | 91,523,453 | |
Philippines - 0.4% | |||
Ayala Land, Inc. | 62,047,224 | 30,457,961 | |
SM Investments Corp. | 2,394,000 | 33,754,806 | |
SM Prime Holdings, Inc. | 20,721,800 | 10,937,466 | |
TOTAL PHILIPPINES | 75,150,233 | ||
Poland - 0.4% | |||
CD Projekt RED SA (c) | 1,234,658 | 30,778,146 | |
Dino Polska SA (a)(b) | 454,600 | 43,009,485 | |
TOTAL POLAND | 73,787,631 | ||
Romania - 0.1% | |||
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA | 468,948 | 11,658,887 | |
Russia - 1.1% | |||
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 (e) | 98,230 | 98,836 | |
LUKOIL PJSC sponsored ADR (a)(e) | 2,479,000 | 701,284 | |
Novatek PJSC GDR (Reg. S) (a)(e) | 648,900 | 33,742,800 | |
Sberbank of Russia (e) | 12,899,053 | 79,327 | |
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 | 46,450,796 | |
X5 Retail Group NV GDR (Reg. S) (a)(e) | 6,393,700 | 64,448,496 | |
Yandex NV Series A (a)(c)(e) | 6,229,522 | 67,901,790 | |
TOTAL RUSSIA | 218,302,960 | ||
Saudi Arabia - 3.3% | |||
Al Rajhi Bank | 8,694,815 | 155,512,871 | |
Alinma Bank | 13,831,800 | 121,299,238 | |
Bupa Arabia for Cooperative Insurance Co. | 2,544,832 | 144,484,811 | |
Saudi Arabian Oil Co. (b) | 5,079,700 | 45,088,498 | |
The Saudi National Bank | 22,270,216 | 199,159,225 | |
TOTAL SAUDI ARABIA | 665,544,643 | ||
Singapore - 1.0% | |||
Sea Ltd. ADR (a) | 5,012,953 | 209,040,140 | |
South Africa - 2.7% | |||
Capitec Bank Holdings Ltd. (c) | 1,722,061 | 152,907,929 | |
Discovery Ltd. | 14,623,000 | 100,883,989 | |
Impala Platinum Holdings Ltd. | 19,362,202 | 80,655,032 | |
Naspers Ltd. Class N | 619,516 | 96,706,988 | |
Pick 'n Pay Stores Ltd. (c) | 22,801,884 | 30,586,028 | |
Shoprite Holdings Ltd. | 6,911,676 | 88,569,582 | |
TOTAL SOUTH AFRICA | 550,309,548 | ||
Taiwan - 11.0% | |||
Accton Technology Corp. | 1,091,037 | 16,891,805 | |
Alchip Technologies Ltd. | 1,412,095 | 115,725,720 | |
ASE Technology Holding Co. Ltd. | 2,935,945 | 10,270,771 | |
BizLink Holding, Inc. | 4,996,327 | 38,904,348 | |
Chailease Holding Co. Ltd. | 30,547,047 | 165,576,362 | |
Chroma ATE, Inc. | 4,074,369 | 27,511,754 | |
Delta Electronics, Inc. | 4,851,561 | 43,688,067 | |
E Ink Holdings, Inc. | 712,000 | 3,701,772 | |
eMemory Technology, Inc. | 842,274 | 52,729,043 | |
Formosa Plastics Corp. | 27,678,000 | 65,772,372 | |
Global Unichip Corp. | 572,114 | 25,549,816 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 2,712,000 | 8,088,311 | |
King Yuan Electronics Co. Ltd. | 17,980,408 | 42,566,400 | |
Lite-On Technology Corp. | 4,226,242 | 13,148,322 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 90,774,984 | 1,481,442,295 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 241,209 | 20,818,749 | |
Uni-President Enterprises Corp. | 37,004,000 | 77,572,691 | |
Unimicron Technology Corp. | 4,162,030 | 18,548,002 | |
TOTAL TAIWAN | 2,228,506,600 | ||
Tanzania - 0.0% | |||
Helios Towers PLC (a) | 9,208,600 | 6,777,115 | |
Thailand - 0.6% | |||
Carabao Group PCL (For. Reg.) | 15,745,100 | 29,413,619 | |
Land & House PCL (For. Reg.) | 32,339,500 | 6,755,824 | |
PTT Global Chemical PCL (For. Reg.) | 79,234,900 | 75,678,095 | |
Supalai PCL (For. Reg.) | 13,722,800 | 6,990,830 | |
TOTAL THAILAND | 118,838,368 | ||
United Arab Emirates - 0.1% | |||
Emaar Properties PJSC | 10,526,500 | 19,172,961 | |
United States of America - 1.7% | |||
FirstCash Holdings, Inc. | 1,591,354 | 173,330,278 | |
Globant SA (a) | 4,479 | 762,729 | |
Legend Biotech Corp. ADR (a) | 397,300 | 26,249,611 | |
Tenaris SA sponsored ADR | 1,686,600 | 52,824,312 | |
Titan Cement International Trading SA (g) | 4,562,736 | 86,321,617 | |
TOTAL UNITED STATES OF AMERICA | 339,488,547 | ||
TOTAL COMMON STOCKS (Cost $18,252,835,410) | 19,133,511,440 | ||
Preferred Stocks - 3.5% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.6% | |||
China - 0.5% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 399,541 | 93,352,755 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 769,712 | 4,533,604 | |
97,886,359 | |||
India - 0.1% | |||
Meesho Series F (a)(d)(e) | 431,274 | 28,045,748 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 125,932,107 | ||
Nonconvertible Preferred Stocks - 2.9% | |||
Brazil - 1.9% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 6,031,800 | 25,351,087 | |
Metalurgica Gerdau SA (PN) | 49,435,422 | 101,287,828 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) (c) | 9,858,100 | 136,337,523 | |
sponsored ADR | 8,323,635 | 124,854,525 | |
387,830,963 | |||
India - 0.1% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(d)(e) | 22,959 | 7,202,009 | |
Series A (a)(d)(e) | 5,737 | 1,799,640 | |
Series B (a)(d)(e) | 6,242 | 1,958,053 | |
Series B2 (a)(d)(e) | 5,049 | 1,583,821 | |
Series C (a)(d)(e) | 9,391 | 2,945,863 | |
Series C1 (a)(d)(e) | 1,978 | 620,479 | |
Series D (a)(d)(e) | 2,116 | 663,768 | |
16,773,633 | |||
Korea (South) - 0.8% | |||
Hyundai Motor Co. Ltd. Series 2 | 891,867 | 66,160,445 | |
Samsung Electronics Co. Ltd. | 2,317,999 | 92,408,290 | |
158,568,735 | |||
United States of America - 0.1% | |||
Gupshup, Inc. (a)(d)(e) | 566,129 | 7,076,613 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 570,249,944 | ||
TOTAL PREFERRED STOCKS (Cost $506,376,297) | 696,182,051 | ||
Corporate Bonds - 0.2% | |||
Principal Amount (h) | Value ($) | ||
Convertible Bonds - 0.2% | |||
Brazil - 0.2% | |||
Creditas Financial Solutions Ltd. 5% 7/28/27 (d)(e) | 33,309,389 | 33,292,734 | |
Nonconvertible Bonds - 0.0% | |||
China - 0.0% | |||
Ant International Co. Ltd. 3.55% 8/14/24 (d)(e) | 12,904,612 | 12,840,089 | |
TOTAL CORPORATE BONDS (Cost $46,214,001) | 46,132,823 | ||
Government Obligations - 0.0% | |||
Principal Amount (h) | Value ($) | ||
United States of America - 0.0% | |||
U.S. Treasury Bills, yield at date of purchase 5.36% to 5.36% 11/30/23 (i) (Cost $2,270,294) | 2,280,000 | 2,270,286 | |
Money Market Funds - 3.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (j) | 355,837,407 | 355,908,574 | |
Fidelity Securities Lending Cash Central Fund 5.40% (j)(k) | 380,095,191 | 380,133,200 | |
TOTAL MONEY MARKET FUNDS (Cost $736,037,618) | 736,041,774 | ||
TOTAL INVESTMENT IN SECURITIES - 102.2% (Cost $19,543,733,620) | 20,614,138,374 |
NET OTHER ASSETS (LIABILITIES) - (2.2)% | (448,426,037) |
NET ASSETS - 100.0% | 20,165,712,337 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 3 | Dec 2023 | 137,880 | (10,451) | (10,451) |
The notional amount of futures purchased as a percentage of Net Assets is 0.0% |
(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 $975,050,426 or 4.8% 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 $201,904,826 or 1.0% 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 company |
(h) | Amount is stated in United States dollars unless otherwise noted. |
(i) | 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 $14,936. |
(j) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(k) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ant International Co. Ltd. 3.55% 8/14/24 | 8/14/23 | 12,904,612 |
ByteDance Ltd. Series E1 | 11/18/20 | 43,779,377 |
Creditas Financial Solutions Ltd. 5% 7/28/27 | 1/28/22 - 7/28/23 | 33,309,389 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 10,932,333 |
Gupshup, Inc. | 6/08/21 | 12,944,653 |
Jumo World Holding Ltd. | 9/06/23 | 2,024,724 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 723,008,581 | 11,203,545,308 | 11,570,645,315 | 17,993,301 | 14,324 | (14,324) | 355,908,574 | 0.8% |
Fidelity Securities Lending Cash Central Fund 5.40% | 429,041,537 | 4,814,632,670 | 4,863,541,007 | 4,202,666 | - | - | 380,133,200 | 1.6% |
Total | 1,152,050,118 | 16,018,177,978 | 16,434,186,322 | 22,195,967 | 14,324 | (14,324) | 736,041,774 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
JK Cement Ltd. | 153,502,664 | - | 63,000,916 | 515,411 | 21,641,475 | 1,279,230 | - |
LOG Commercial Properties e Participacoes SA | 24,979,870 | 1,289,316 | 14,150,887 | 728,098 | (3,905,270) | 2,497,428 | - |
Pick 'n Pay Stores Ltd. | 119,922,945 | 287,922 | 35,437,696 | 2,204,172 | (29,290,770) | (24,896,373) | - |
Titan Cement International Trading SA | 65,636,709 | - | 24,607,516 | 3,486,363 | (9,202,457) | 54,494,881 | 86,321,617 |
Zai Lab Ltd. | 25,948,841 | 3,264,891 | 6,860,083 | - | (13,688,095) | 18,170,853 | - |
Zai Lab Ltd. ADR | 1,098,404 | - | 1,681,573 | - | (196,203) | 779,372 | - |
Total | 391,089,433 | 4,842,129 | 145,738,671 | 6,934,044 | (34,641,320) | 52,325,391 | 86,321,617 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,826,157,551 | 373,694,026 | 1,291,208,980 | 161,254,545 |
Consumer Discretionary | 3,106,252,347 | 1,116,695,853 | 1,961,510,746 | 28,045,748 |
Consumer Staples | 1,272,195,481 | 389,772,396 | 816,096,786 | 66,326,299 |
Energy | 981,649,776 | 359,104,858 | 585,590,987 | 36,953,931 |
Financials | 4,474,834,902 | 1,993,035,125 | 2,431,943,825 | 49,855,952 |
Health Care | 785,608,846 | 175,121,588 | 605,953,654 | 4,533,604 |
Industrials | 1,060,635,139 | 393,181,538 | 667,453,601 | - |
Information Technology | 3,887,536,745 | 285,689,876 | 3,574,983,317 | 26,863,552 |
Materials | 1,540,175,746 | 807,143,617 | 732,889,633 | 142,496 |
Real Estate | 311,173,136 | 118,044,348 | 193,029,952 | 98,836 |
Utilities | 583,473,822 | 162,711,242 | 420,762,580 | - |
Corporate Bonds | 46,132,823 | - | - | 46,132,823 |
Government Obligations | 2,270,286 | - | 2,270,286 | - |
Money Market Funds | 736,041,774 | 736,041,774 | - | - |
Total Investments in Securities: | 20,614,138,374 | 6,910,236,241 | 13,283,694,347 | 420,207,786 |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (10,451) | (10,451) | - | - |
Total Liabilities | (10,451) | (10,451) | - | - |
Total Derivative Instruments: | (10,451) | (10,451) | - | - |
Investments in Securities: | |||
Beginning Balance | $ | 221,119,750 | |
Net Realized Gain (Loss) on Investment Securities | (18,817,997) | ||
Net Unrealized Gain (Loss) on Investment Securities | 227,240,359 | ||
Cost of Purchases | 26,032,466 | ||
Proceeds of Sales | (35,366,792) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 420,207,786 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | 205,977,743 | |
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. |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (10,451) |
Total Equity Risk | 0 | (10,451) |
Total Value of Derivatives | 0 | (10,451) |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $363,025,568) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $18,727,061,868) | $ | 19,791,774,983 | ||
Fidelity Central Funds (cost $736,037,618) | 736,041,774 | |||
Other affiliated issuers (cost $80,634,134) | 86,321,617 | |||
Total Investment in Securities (cost $19,543,733,620) | $ | 20,614,138,374 | ||
Foreign currency held at value (cost $26,065) | 26,058 | |||
Receivable for investments sold | 252,093,889 | |||
Receivable for fund shares sold | 5,974,789 | |||
Dividends receivable | 29,023,820 | |||
Interest receivable | 532,108 | |||
Distributions receivable from Fidelity Central Funds | 1,910,556 | |||
Receivable from investment adviser for expense reductions | 375,298 | |||
Other receivables | 2,988,603 | |||
Total assets | 20,907,063,495 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 61,460,707 | ||
Delayed delivery | 322,963 | |||
Payable for fund shares redeemed | 202,397,654 | |||
Payable for daily variation margin on futures contracts | 915 | |||
Deferred taxes | 95,354,954 | |||
Other payables and accrued expenses | 1,685,861 | |||
Collateral on securities loaned | 380,128,104 | |||
Total Liabilities | 741,351,158 | |||
Net Assets | $ | 20,165,712,337 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 20,895,052,455 | ||
Total accumulated earnings (loss) | (729,340,118) | |||
Net Assets | $ | 20,165,712,337 | ||
Net Asset Value, offering price and redemption price per share ($20,165,712,337 ÷ 1,272,881,795 shares) | $ | 15.84 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends (including $6,934,044 earned from affiliated issuers) | $ | 636,964,277 | ||
Non-Cash dividends | 59,985,114 | |||
Interest | 1,152,433 | |||
Income from Fidelity Central Funds (including $4,202,666 from security lending) | 22,195,967 | |||
Income before foreign taxes withheld | $ | 720,297,791 | ||
Less foreign taxes withheld | (68,723,578) | |||
Total Income | 651,574,213 | |||
Expenses | ||||
Custodian fees and expenses | $ | 6,451,475 | ||
Independent trustees' fees and expenses | 133,473 | |||
Interest | 134,061 | |||
Total expenses before reductions | 6,719,009 | |||
Expense reductions | (3,467,644) | |||
Total expenses after reductions | 3,251,365 | |||
Net Investment income (loss) | 648,322,848 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $30,385,994) | (754,254,217) | |||
Fidelity Central Funds | 14,324 | |||
Other affiliated issuers | (34,641,320) | |||
Foreign currency transactions | (19,936,253) | |||
Futures contracts | 27,645,873 | |||
Total net realized gain (loss) | (781,171,593) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $22,187,594) | 3,525,814,147 | |||
Fidelity Central Funds | (14,324) | |||
Other affiliated issuers | 52,325,391 | |||
Assets and liabilities in foreign currencies | 3,749,028 | |||
Futures contracts | 4,764,598 | |||
Total change in net unrealized appreciation (depreciation) | 3,586,638,840 | |||
Net gain (loss) | 2,805,467,247 | |||
Net increase (decrease) in net assets resulting from operations | $ | 3,453,790,095 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 648,322,848 | $ | 687,585,060 |
Net realized gain (loss) | (781,171,593) | (1,069,863,359) | ||
Change in net unrealized appreciation (depreciation) | 3,586,638,840 | (10,801,411,227) | ||
Net increase (decrease) in net assets resulting from operations | 3,453,790,095 | (11,183,689,526) | ||
Distributions to shareholders | (559,062,771) | (3,331,305,613) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,881,171,940 | 7,263,042,676 | ||
Reinvestment of distributions | 559,062,771 | 3,331,305,613 | ||
Cost of shares redeemed | (7,499,526,249) | (2,937,614,184) | ||
Net increase (decrease) in net assets resulting from share transactions | (5,059,291,538) | 7,656,734,105 | ||
Total increase (decrease) in net assets | (2,164,564,214) | (6,858,261,034) | ||
Net Assets | ||||
Beginning of period | 22,330,276,551 | 29,188,537,585 | ||
End of period | $ | 20,165,712,337 | $ | 22,330,276,551 |
Other Information | ||||
Shares | ||||
Sold | 114,358,773 | 398,835,244 | ||
Issued in reinvestment of distributions | 35,117,008 | 156,693,585 | ||
Redeemed | (452,937,950) | (161,208,420) | ||
Net increase (decrease) | (303,462,169) | 394,320,409 | ||
Fidelity® Series Emerging Markets Opportunities Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 14.17 | $ | 24.69 | $ | 21.49 | $ | 19.39 | $ | 17.66 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .46 | .48 | .47 | .35 | .57 C | |||||
Net realized and unrealized gain (loss) | 1.58 | (8.30) | 3.48 | 2.26 | 2.71 | |||||
Total from investment operations | 2.04 | (7.82) | 3.95 | 2.61 | 3.28 | |||||
Distributions from net investment income | (.37) | (.68) | (.33) | (.50) | (.41) | |||||
Distributions from net realized gain | - | (2.01) | (.41) | (.02) | (1.14) | |||||
Total distributions | (.37) | (2.70) D | (.75) D | (.51) D | (1.55) | |||||
Net asset value, end of period | $ | 15.84 | $ | 14.17 | $ | 24.69 | $ | 21.49 | $ | 19.39 |
Total Return E | 14.40% | (35.33)% | 18.44% | 13.66% | 20.13% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .03% | .03% | .03% | .04% | .04% | |||||
Expenses net of fee waivers, if any | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of all reductions | .01% | .01% | .01% | .01% | .01% | |||||
Net investment income (loss) | 2.82% | 2.64% | 1.82% | 1.78% | 3.12% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 20,165,712 | $ | 22,330,277 | $ | 29,188,538 | $ | 26,829,783 | $ | 18,675,048 |
Portfolio turnover rate H | 41% | 37% | 69% | 42% I | 54% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Series International Growth Fund | 11.31% | 7.63% | 5.84% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Series International Growth Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Growth Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 5.3 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 5.2 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 5.1 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 4.7 | |
Linde PLC (United States of America, Chemicals) | 4.1 | |
Safran SA (France, Aerospace & Defense) | 3.6 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.1 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 3.0 | |
Marsh & McLennan Companies, Inc. (United States of America, Insurance) | 2.8 | |
Airbus Group NV (France, Aerospace & Defense) | 2.8 | |
39.7 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 26.1 | |
Financials | 17.7 | |
Information Technology | 16.7 | |
Consumer Discretionary | 12.8 | |
Materials | 8.8 | |
Health Care | 8.6 | |
Consumer Staples | 4.9 | |
Energy | 1.0 | |
Communication Services | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.1% | |||
Shares | Value ($) | ||
Belgium - 0.6% | |||
Azelis Group NV | 2,354,310 | 40,106,636 | |
KBC Group NV | 588,800 | 32,334,182 | |
TOTAL BELGIUM | 72,440,818 | ||
Canada - 3.5% | |||
CAE, Inc. (a) | 4,077,400 | 85,149,814 | |
Canadian Pacific Kansas City Ltd. | 3,517,240 | 249,725,942 | |
Franco-Nevada Corp. | 921,528 | 112,105,119 | |
TOTAL CANADA | 446,980,875 | ||
Denmark - 5.7% | |||
Novo Nordisk A/S Series B | 6,936,000 | 669,159,172 | |
Vestas Wind Systems A/S (a) | 3,183,300 | 68,997,336 | |
TOTAL DENMARK | 738,156,508 | ||
Finland - 0.5% | |||
Kone OYJ (B Shares) | 1,513,400 | 65,478,324 | |
France - 14.6% | |||
Airbus Group NV | 2,650,100 | 355,315,379 | |
Edenred SA | 3,180,555 | 169,074,944 | |
Lectra | 1,040,088 | 26,302,359 | |
Legrand SA | 2,421,444 | 209,470,361 | |
LVMH Moet Hennessy Louis Vuitton SE | 913,596 | 654,071,306 | |
Safran SA | 2,951,800 | 461,128,855 | |
TOTAL FRANCE | 1,875,363,204 | ||
Germany - 1.2% | |||
Deutsche Borse AG | 914,445 | 150,514,411 | |
Hong Kong - 1.8% | |||
AIA Group Ltd. | 26,453,501 | 229,717,126 | |
India - 2.1% | |||
HDFC Bank Ltd. | 8,246,596 | 146,288,556 | |
Jio Financial Services Ltd. | 1,075,000 | 2,852,232 | |
Kotak Mahindra Bank Ltd. | 2,933,600 | 61,308,181 | |
Reliance Industries Ltd. | 1,075,000 | 29,551,338 | |
Reliance Industries Ltd. GDR (b) | 588,500 | 32,132,100 | |
TOTAL INDIA | 272,132,407 | ||
Israel - 0.9% | |||
NICE Ltd. sponsored ADR (a)(c) | 724,254 | 111,788,605 | |
Italy - 1.3% | |||
Interpump Group SpA | 1,689,520 | 70,434,636 | |
Prada SpA | 15,688,300 | 94,507,218 | |
TOTAL ITALY | 164,941,854 | ||
Japan - 10.4% | |||
Azbil Corp. | 4,801,505 | 141,878,080 | |
Hoya Corp. | 1,931,200 | 185,913,960 | |
Keyence Corp. | 1,035,387 | 400,817,686 | |
Lasertec Corp. | 902,400 | 149,058,635 | |
Misumi Group, Inc. | 6,682,606 | 101,165,723 | |
OSG Corp. | 2,238,146 | 25,538,571 | |
Recruit Holdings Co. Ltd. | 6,556,705 | 187,998,488 | |
SHO-BOND Holdings Co. Ltd. | 2,041,100 | 80,384,768 | |
USS Co. Ltd. | 3,820,900 | 66,785,121 | |
TOTAL JAPAN | 1,339,541,032 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 66,992,800 | 5,540,089 | |
Netherlands - 6.1% | |||
Aalberts Industries NV | 677,263 | 21,082,724 | |
ASML Holding NV (Netherlands) | 1,136,646 | 683,261,109 | |
IMCD NV | 685,854 | 82,367,190 | |
TOTAL NETHERLANDS | 786,711,023 | ||
Norway - 0.2% | |||
Schibsted ASA (B Shares) | 1,583,854 | 29,349,140 | |
Spain - 1.9% | |||
Amadeus IT Holding SA Class A | 4,326,064 | 246,356,115 | |
Sweden - 6.5% | |||
ASSA ABLOY AB (B Shares) | 6,868,537 | 146,403,390 | |
Atlas Copco AB (A Shares) (c) | 29,298,144 | 379,382,301 | |
Autoliv, Inc. | 1,235,034 | 113,190,866 | |
Epiroc AB (A Shares) | 10,628,555 | 175,102,479 | |
Lagercrantz Group AB (B Shares) | 1,558,306 | 14,197,575 | |
TOTAL SWEDEN | 828,276,611 | ||
Switzerland - 1.1% | |||
Schindler Holding AG: | |||
(participation certificate) | 235,881 | 47,505,523 | |
(Reg.) | 150,852 | 29,269,915 | |
UBS Group AG | 2,953,020 | 68,887,027 | |
TOTAL SWITZERLAND | 145,662,465 | ||
Taiwan - 2.2% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 17,050,885 | 278,269,422 | |
United Kingdom - 6.8% | |||
BAE Systems PLC | 12,202,400 | 164,078,132 | |
Compass Group PLC | 11,441,200 | 288,448,511 | |
InterContinental Hotel Group PLC ADR | 2,581,030 | 186,169,694 | |
Rightmove PLC | 7,445,561 | 42,805,115 | |
Sage Group PLC | 6,141,900 | 72,456,963 | |
Spectris PLC | 3,127,178 | 117,828,783 | |
TOTAL UNITED KINGDOM | 871,787,198 | ||
United States of America - 29.7% | |||
CRH PLC | 5,586,740 | 299,281,662 | |
Experian PLC | 7,402,589 | 224,127,147 | |
Linde PLC | 1,364,101 | 521,304,838 | |
Marsh & McLennan Companies, Inc. | 1,917,131 | 363,583,894 | |
MasterCard, Inc. Class A | 616,331 | 231,956,172 | |
Microsoft Corp. | 210,400 | 71,138,344 | |
Moody's Corp. | 660,459 | 203,421,372 | |
MSCI, Inc. | 395,727 | 186,605,067 | |
Nestle SA (Reg. S) | 5,619,210 | 605,968,754 | |
NOV, Inc. | 3,339,400 | 66,654,424 | |
Otis Worldwide Corp. | 962,700 | 74,330,067 | |
PriceSmart, Inc. | 352,427 | 22,023,163 | |
ResMed, Inc. | 733,818 | 103,629,778 | |
Roche Holding AG (participation certificate) | 602,254 | 155,206,662 | |
S&P Global, Inc. | 563,080 | 196,689,475 | |
Sherwin-Williams Co. | 810,841 | 193,150,435 | |
Synopsys, Inc. (a) | 135,400 | 63,562,176 | |
Visa, Inc. Class A | 1,001,070 | 235,351,557 | |
TOTAL UNITED STATES OF AMERICA | 3,817,984,987 | ||
TOTAL COMMON STOCKS (Cost $8,657,895,760) | 12,476,992,214 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
China - 0.3% | |||
ByteDance Ltd. Series E1 (a)(d)(e) (Cost $18,859,141) | 172,113 | 40,214,202 | |
Money Market Funds - 2.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 270,554,764 | 270,608,875 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 67,857,999 | 67,864,785 | |
TOTAL MONEY MARKET FUNDS (Cost $338,473,660) | 338,473,660 | ||
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $9,015,228,561) | 12,855,680,076 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (7,593,438) |
NET ASSETS - 100.0% | 12,848,086,638 |
(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 $32,132,100 or 0.3% 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 $40,214,202 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 350,149,852 | 2,613,163,565 | 2,692,704,542 | 12,522,712 | - | - | 270,608,875 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.40% | 459,204,500 | 3,159,324,013 | 3,550,663,728 | 1,181,327 | - | - | 67,864,785 | 0.3% |
Total | 809,354,352 | 5,772,487,578 | 6,243,368,270 | 13,704,039 | - | - | 338,473,660 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 117,908,546 | 77,694,344 | - | 40,214,202 |
Consumer Discretionary | 1,649,528,831 | 545,716,675 | 1,103,812,156 | - |
Consumer Staples | 627,991,917 | 22,023,163 | 605,968,754 | - |
Energy | 128,337,862 | 98,786,524 | 29,551,338 | - |
Financials | 2,278,584,196 | 1,687,903,690 | 590,680,506 | - |
Health Care | 1,113,909,572 | 103,629,778 | 1,010,279,794 | - |
Industrials | 3,344,543,701 | 989,577,918 | 2,354,965,783 | - |
Information Technology | 2,130,559,737 | 477,274,805 | 1,653,284,932 | - |
Materials | 1,125,842,054 | 1,125,842,054 | - | - |
Money Market Funds | 338,473,660 | 338,473,660 | - | - |
Total Investments in Securities: | 12,855,680,076 | 5,466,922,611 | 7,348,543,263 | 40,214,202 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $65,969,581) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $8,676,754,901) | $ | 12,517,206,416 | ||
Fidelity Central Funds (cost $338,473,660) | 338,473,660 | |||
Total Investment in Securities (cost $9,015,228,561) | $ | 12,855,680,076 | ||
Foreign currency held at value (cost $517,366) | 513,981 | |||
Receivable for investments sold | 34,302,763 | |||
Receivable for fund shares sold | 71,674,764 | |||
Dividends receivable | 9,877,167 | |||
Reclaims receivable | 30,521,137 | |||
Distributions receivable from Fidelity Central Funds | 1,158,320 | |||
Total assets | 13,003,728,208 | |||
Liabilities | ||||
Payable for investments purchased | $ | 10,126,222 | ||
Payable for fund shares redeemed | 76,778,248 | |||
Other payables and accrued expenses | 872,315 | |||
Collateral on securities loaned | 67,864,785 | |||
Total Liabilities | 155,641,570 | |||
Net Assets | $ | 12,848,086,638 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 9,079,719,579 | ||
Total accumulated earnings (loss) | 3,768,367,059 | |||
Net Assets | $ | 12,848,086,638 | ||
Net Asset Value, offering price and redemption price per share ($12,848,086,638 ÷ 867,904,472 shares) | $ | 14.80 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 197,228,280 | ||
Interest | 16,376 | |||
Income from Fidelity Central Funds (including $1,181,327 from security lending) | 13,704,039 | |||
Income before foreign taxes withheld | $ | 210,948,695 | ||
Less foreign taxes withheld | (19,513,294) | |||
Total Income | 191,435,401 | |||
Expenses | ||||
Custodian fees and expenses | $ | 853,395 | ||
Independent trustees' fees and expenses | 75,709 | |||
Interest | 20,320 | |||
Total expenses before reductions | 949,424 | |||
Expense reductions | (798) | |||
Total expenses after reductions | 948,626 | |||
Net Investment income (loss) | 190,486,775 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $147) | (167,138,437) | |||
Redemptions in-kind | 187,812,495 | |||
Foreign currency transactions | (1,764,205) | |||
Total net realized gain (loss) | 18,909,853 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $2,129,671) | 1,206,208,732 | |||
Assets and liabilities in foreign currencies | 2,114,452 | |||
Total change in net unrealized appreciation (depreciation) | 1,208,323,184 | |||
Net gain (loss) | 1,227,233,037 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,417,719,812 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 190,486,775 | $ | 182,935,807 |
Net realized gain (loss) | 18,909,853 | 316,466,877 | ||
Change in net unrealized appreciation (depreciation) | 1,208,323,184 | (4,983,117,038) | ||
Net increase (decrease) in net assets resulting from operations | 1,417,719,812 | (4,483,714,354) | ||
Distributions to shareholders | (434,836,481) | (1,228,456,975) | ||
Share transactions | ||||
Proceeds from sales of shares | 2,142,973,065 | 3,357,019,808 | ||
Reinvestment of distributions | 434,836,481 | 1,228,456,975 | ||
Cost of shares redeemed | (3,104,776,773) | (1,948,259,376) | ||
Net increase (decrease) in net assets resulting from share transactions | (526,967,227) | 2,637,217,407 | ||
Total increase (decrease) in net assets | 455,916,104 | (3,074,953,922) | ||
Net Assets | ||||
Beginning of period | 12,392,170,534 | 15,467,124,456 | ||
End of period | $ | 12,848,086,638 | $ | 12,392,170,534 |
Other Information | ||||
Shares | ||||
Sold | 138,038,506 | 205,948,049 | ||
Issued in reinvestment of distributions | 29,420,601 | 65,032,132 | ||
Redeemed | (200,541,435) | (124,061,175) | ||
Net increase (decrease) | (33,082,328) | 146,919,006 | ||
Fidelity® Series International Growth Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.75 | $ | 20.51 | $ | 18.01 | $ | 17.07 | $ | 14.96 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .21 | .20 | .20 | .37 C | |||||
Net realized and unrealized gain (loss) | 1.33 | (5.38) | 5.19 | 1.38 | 2.74 | |||||
Total from investment operations | 1.55 | (5.17) | 5.39 | 1.58 | 3.11 | |||||
Distributions from net investment income | (.20) | (.28) | (.24) | (.37) | (.28) | |||||
Distributions from net realized gain | (.30) | (1.31) | (2.65) | (.27) | (.72) | |||||
Total distributions | (.50) | (1.59) | (2.89) | (.64) | (1.00) | |||||
Net asset value, end of period | $ | 14.80 | $ | 13.75 | $ | 20.51 | $ | 18.01 | $ | 17.07 |
Total Return D | 11.31% | (27.31)% | 33.10% | 9.39% | 22.58% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of fee waivers, if any | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of all reductions | .01% | .01% | .01% | .01% | .01% | |||||
Net investment income (loss) | 1.42% | 1.32% | 1.06% | 1.18% | 2.38% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 12,848,087 | $ | 12,392,171 | $ | 15,467,124 | $ | 11,557,995 | $ | 16,501,791 |
Portfolio turnover rate G | 19% H | 22% H | 24% | 16% H | 24% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Series International Small Cap Fund | 6.57% | 4.48% | 5.06% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Series International Small Cap Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Small Cap Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Azbil Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.0 | |
Spectris PLC (United Kingdom, Electronic Equipment, Instruments & Components) | 3.0 | |
Lagercrantz Group AB (B Shares) (Sweden, Electronic Equipment, Instruments & Components) | 2.8 | |
AddTech AB (B Shares) (Sweden, Trading Companies & Distributors) | 2.7 | |
CTS Eventim AG (Germany, Entertainment) | 2.4 | |
Aalberts Industries NV (Netherlands, Machinery) | 2.0 | |
Interpump Group SpA (Italy, Machinery) | 2.0 | |
Morningstar, Inc. (United States of America, Capital Markets) | 1.7 | |
SHO-BOND Holdings Co. Ltd. (Japan, Construction & Engineering) | 1.6 | |
OBIC Co. Ltd. (Japan, IT Services) | 1.6 | |
22.8 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 28.8 | |
Information Technology | 18.9 | |
Consumer Discretionary | 10.8 | |
Health Care | 6.9 | |
Financials | 6.7 | |
Communication Services | 6.5 | |
Consumer Staples | 4.9 | |
Materials | 4.4 | |
Real Estate | 3.2 | |
Energy | 2.4 | |
Utilities | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.0% | |||
Shares | Value ($) | ||
Australia - 1.0% | |||
Imdex Ltd. | 11,094,033 | 11,636,630 | |
Steadfast Group Ltd. | 6,116,015 | 21,031,411 | |
TOTAL AUSTRALIA | 32,668,041 | ||
Austria - 0.1% | |||
AT&S Austria Technologie & Systemtechnik AG | 150,000 | 3,758,371 | |
Belgium - 1.4% | |||
Azelis Group NV | 807,072 | 13,748,802 | |
Fagron NV | 227,500 | 3,991,100 | |
Galapagos NV (a) | 85,000 | 2,828,058 | |
KBC Ancora | 722,579 | 27,294,822 | |
TOTAL BELGIUM | 47,862,782 | ||
Brazil - 0.1% | |||
LOG Commercial Properties e Participacoes SA | 562,700 | 2,312,519 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 1,000,000 | 1,553,032 | |
TOTAL BRAZIL | 3,865,551 | ||
Canada - 4.1% | |||
CAE, Inc. (a) | 1,185,900 | 24,765,577 | |
Cameco Corp. | 80,000 | 3,272,800 | |
ECN Capital Corp. | 533,950 | 739,271 | |
Lumine Group, Inc. | 364,900 | 4,589,043 | |
McCoy Global, Inc. | 1,106,750 | 1,205,114 | |
MTY Food Group, Inc. | 93,600 | 3,521,938 | |
North West Co., Inc. | 200,000 | 5,099,694 | |
Onex Corp. (sub. vtg.) | 80,000 | 4,483,577 | |
Osisko Gold Royalties Ltd. | 974,700 | 11,913,586 | |
Parkland Corp. | 182,500 | 5,523,364 | |
Pason Systems, Inc. | 1,270,700 | 12,177,828 | |
Quebecor, Inc. Class B (sub. vtg.) | 160,000 | 3,300,955 | |
Real Matters, Inc. (a) | 950,000 | 3,349,919 | |
Richelieu Hardware Ltd. | 1,775,620 | 53,111,749 | |
Total Energy Services, Inc. | 319,700 | 1,908,863 | |
TOTAL CANADA | 138,963,278 | ||
China - 0.5% | |||
Chlitina Holding Ltd. | 2,142,000 | 12,889,650 | |
JOYY, Inc. ADR | 79,300 | 3,086,356 | |
TOTAL CHINA | 15,976,006 | ||
Denmark - 0.4% | |||
Spar Nord Bank A/S | 936,553 | 14,180,239 | |
Egypt - 0.2% | |||
Integrated Diagnostics Holdings PLC (a)(b) | 16,028,734 | 6,106,948 | |
Finland - 0.7% | |||
Huhtamaki Oyj | 136,689 | 4,687,479 | |
Musti Group OYJ | 908,878 | 17,896,936 | |
Nanoform Finland PLC (a) | 450,000 | 757,071 | |
Olvi Oyj (A Shares) | 74,900 | 2,215,085 | |
TOTAL FINLAND | 25,556,571 | ||
France - 3.4% | |||
Altarea SCA | 33,495 | 2,381,639 | |
ARGAN SA | 75,600 | 5,167,506 | |
Elis SA | 430,000 | 7,038,587 | |
Exail Technologies SA (a)(c) | 190,000 | 3,393,538 | |
Exclusive Networks SA (a) | 480,000 | 7,628,478 | |
Laurent-Perrier Group SA | 104,531 | 13,051,302 | |
Lectra | 1,060,210 | 26,811,216 | |
LISI | 304,288 | 7,034,982 | |
Maisons du Monde SA (b) | 270,700 | 1,359,386 | |
Stef SA | 75,000 | 8,062,722 | |
Thermador Groupe SA | 77,100 | 5,473,985 | |
Vallourec SA (a) | 250,000 | 2,995,746 | |
Vetoquinol SA | 298,648 | 25,185,156 | |
Worldline SA (a)(b) | 180,000 | 2,281,687 | |
TOTAL FRANCE | 117,865,930 | ||
Germany - 6.0% | |||
CTS Eventim AG | 1,354,770 | 81,780,156 | |
Gerresheimer AG | 58,503 | 5,441,188 | |
Instone Real Estate Group BV (b) | 500,000 | 2,846,289 | |
Nexus AG | 618,016 | 30,113,142 | |
NORMA Group AG | 107,000 | 1,881,662 | |
Rheinmetall AG | 120,000 | 34,333,229 | |
Scout24 AG (b) | 330,500 | 20,289,713 | |
Stabilus Se | 454,629 | 28,814,472 | |
Talanx AG | 1,791 | 112,661 | |
TOTAL GERMANY | 205,612,512 | ||
Greece - 0.2% | |||
Mytilineos SA | 154,600 | 5,722,107 | |
Hungary - 0.2% | |||
Richter Gedeon PLC | 363,700 | 8,527,761 | |
India - 0.3% | |||
Embassy Office Parks (REIT) | 1,772,219 | 6,629,820 | |
Mahanagar Gas Ltd. | 318,200 | 3,944,237 | |
TOTAL INDIA | 10,574,057 | ||
Indonesia - 0.2% | |||
PT Selamat Sempurna Tbk | 55,532,360 | 7,582,864 | |
Ireland - 1.8% | |||
AerCap Holdings NV (a) | 411,000 | 25,531,320 | |
Cairn Homes PLC | 11,314,234 | 13,270,570 | |
Cairn Homes PLC | 5,395,900 | 6,360,274 | |
Greencore Group PLC (a) | 2,250,000 | 2,457,184 | |
Irish Residential Properties REIT PLC | 10,274,300 | 9,892,825 | |
Mincon Group PLC | 4,031,318 | 2,474,012 | |
TOTAL IRELAND | 59,986,185 | ||
Israel - 1.3% | |||
Ituran Location & Control Ltd. | 943,735 | 23,338,567 | |
Maytronics Ltd. | 334,000 | 3,106,977 | |
NICE Ltd. sponsored ADR (a) | 70,000 | 10,804,500 | |
Tel Aviv Stock Exchange Ltd. (a) | 1,620,557 | 7,216,731 | |
TOTAL ISRAEL | 44,466,775 | ||
Italy - 2.5% | |||
Banca Generali SpA | 140,000 | 4,535,863 | |
BFF Bank SpA (b) | 529,000 | 5,079,594 | |
Industrie de Nora SpA | 198,400 | 2,798,327 | |
Intercos SpA | 269,000 | 3,836,798 | |
Interpump Group SpA | 1,633,037 | 68,079,908 | |
MARR SpA | 131,400 | 1,557,185 | |
TOTAL ITALY | 85,887,675 | ||
Japan - 31.6% | |||
ABC-MART, Inc. | 204,900 | 3,173,705 | |
Ai Holdings Corp. | 416,292 | 6,444,357 | |
Aoki Super Co. Ltd. | 309,187 | 5,269,080 | |
Arcland Sakamoto Co. Ltd. | 193,700 | 2,074,832 | |
Artnature, Inc. | 1,214,900 | 6,488,808 | |
As One Corp. | 115,100 | 3,668,225 | |
ASKUL Corp. | 620,000 | 8,093,721 | |
Aucnet, Inc. | 757,060 | 8,814,367 | |
Azbil Corp. | 3,466,390 | 102,427,201 | |
BayCurrent Consulting, Inc. | 139,300 | 3,497,371 | |
Broadleaf Co. Ltd. (d) | 6,232,673 | 22,027,448 | |
Central Automotive Products Ltd. | 186,579 | 4,178,744 | |
Chiba Bank Ltd. | 831,900 | 6,196,446 | |
CKD Corp. | 267,000 | 3,357,672 | |
Curves Holdings Co. Ltd. (d) | 5,887,359 | 25,681,624 | |
Daiichikosho Co. Ltd. | 1,831,428 | 27,071,180 | |
Daikokutenbussan Co. Ltd. | 179,300 | 7,598,549 | |
Dexerials Corp. | 308,300 | 7,032,422 | |
Digital Hearts Holdings Co. Ltd. (d) | 1,280,850 | 7,796,576 | |
Dowa Holdings Co. Ltd. | 90,000 | 2,751,332 | |
Elan Corp. | 588,200 | 2,907,448 | |
Fujitec Co. Ltd. | 475,300 | 10,318,820 | |
Fukuoka Financial Group, Inc. | 290,000 | 7,665,785 | |
Funai Soken Holdings, Inc. | 1,021,757 | 16,793,506 | |
Fuyo General Lease Co. Ltd. | 28,800 | 2,341,461 | |
Goldcrest Co. Ltd. | 1,537,300 | 21,922,400 | |
Inaba Denki Sangyo Co. Ltd. | 396,300 | 8,264,001 | |
Iwatani Corp. | 100,000 | 4,782,852 | |
Iwatsuka Confectionary Co. Ltd. | 105,800 | 3,563,654 | |
JINS Holdings, Inc. | 123,200 | 3,400,912 | |
JTOWER, Inc. (a) | 260,300 | 9,472,595 | |
Justsystems Corp. | 150,000 | 2,673,067 | |
Kamigumi Co. Ltd. | 450,800 | 9,145,177 | |
Kansai Electric Power Co., Inc. | 740,000 | 9,474,843 | |
Katitas Co. Ltd. | 150,000 | 2,002,116 | |
Kobayashi Pharmaceutical Co. Ltd. | 416,800 | 17,206,868 | |
Kobe Bussan Co. Ltd. (c) | 82,300 | 2,036,765 | |
Koshidaka Holdings Co. Ltd. (d) | 4,447,659 | 31,643,463 | |
Kusuri No Aoki Holdings Co. Ltd. | 205,658 | 13,474,231 | |
Kyoritsu Maintenance Co. Ltd. (c) | 118,800 | 4,543,624 | |
Kyoto Financial Group, Inc. | 88,153 | 4,997,730 | |
Lasertec Corp. | 213,360 | 35,242,853 | |
Maeda Kosen Co. Ltd. | 167,300 | 3,259,280 | |
Maruwa Ceramic Co. Ltd. | 50,600 | 8,878,453 | |
MCJ Co. Ltd. | 850,000 | 6,115,220 | |
Medikit Co. Ltd. | 695,300 | 12,283,224 | |
Meitec Group Holdings, Inc. | 201,000 | 3,537,619 | |
Miroku Jyoho Service Co., Ltd. (c) | 618,891 | 6,338,416 | |
Misumi Group, Inc. | 1,731,300 | 26,209,568 | |
Mitsuboshi Belting Ltd. | 242,952 | 7,013,762 | |
Miura Co. Ltd. | 147,900 | 2,867,634 | |
Nagaileben Co. Ltd. | 1,528,000 | 21,086,174 | |
Net One Systems Co. Ltd. | 179,400 | 2,738,169 | |
Nihon Parkerizing Co. Ltd. | 5,690,468 | 41,299,031 | |
Nippon Concept Corp. | 135,000 | 1,590,911 | |
Nippon Gas Co. Ltd. | 303,700 | 4,564,460 | |
Nitto Kohki Co. Ltd. | 270,000 | 3,386,899 | |
NOF Corp. | 261,900 | 10,332,202 | |
NS Tool Co. Ltd. (d) | 1,434,000 | 10,284,096 | |
NSD Co. Ltd. | 1,697,080 | 29,527,310 | |
OBIC Co. Ltd. | 359,600 | 53,154,761 | |
Osaka Soda Co. Ltd. | 77,700 | 4,563,369 | |
OSG Corp. | 2,120,875 | 24,200,440 | |
Outsourcing, Inc. | 400,000 | 2,972,362 | |
PALTAC Corp. | 135,000 | 4,376,225 | |
Paramount Bed Holdings Co. Ltd. | 616,612 | 10,505,624 | |
Pilot Corp. | 129,800 | 4,404,829 | |
Prestige International, Inc. | 600,000 | 2,435,461 | |
ProNexus, Inc. | 1,284,577 | 10,004,513 | |
Qol Holdings Co. Ltd. | 300,000 | 3,462,928 | |
Relo Group, Inc. | 603,600 | 5,984,140 | |
Renesas Electronics Corp. (a) | 150,000 | 1,970,343 | |
Roland Corp. | 140,000 | 4,047,956 | |
San-Ai Obbli Co. Ltd. | 1,576,710 | 17,024,522 | |
Sekisui Jushi Corp. | 180,000 | 2,935,356 | |
SHO-BOND Holdings Co. Ltd. | 1,372,000 | 54,033,561 | |
Shoei Co. Ltd. | 1,380,000 | 18,386,800 | |
SK Kaken Co. Ltd. | 526,920 | 24,628,143 | |
Software Service, Inc. | 181,500 | 10,341,598 | |
Sumco Corp. | 491,400 | 6,349,946 | |
SWCC Showa Holdings Co. Ltd. | 293,500 | 4,080,915 | |
Techno Medica Co. Ltd. | 283,000 | 4,276,958 | |
The Monogatari Corp. | 735,288 | 19,912,009 | |
TIS, Inc. | 702,836 | 15,051,130 | |
Tocalo Co. Ltd. | 1,467,849 | 13,267,543 | |
Toyo Suisan Kaisha Ltd. | 145,000 | 6,688,988 | |
Tsuruha Holdings, Inc. | 64,635 | 4,747,874 | |
USS Co. Ltd. | 1,693,300 | 29,597,018 | |
YAKUODO Holdings Co. Ltd. | 821,800 | 15,137,096 | |
Yamato Holdings Co. Ltd. | 215,000 | 3,581,044 | |
YONEX Co. Ltd. | 975,000 | 10,563,002 | |
TOTAL JAPAN | 1,081,516,713 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 2,593,346 | 214,461 | |
Korea (South) - 0.5% | |||
BGF Retail Co. Ltd. | 110,318 | 11,264,576 | |
Hansol Chemical Co. Ltd. | 18,660 | 2,079,285 | |
Soulbrain Co. Ltd. | 18,000 | 3,103,693 | |
TOTAL KOREA (SOUTH) | 16,447,554 | ||
Luxembourg - 0.1% | |||
L'Occitane Ltd. | 1,150,000 | 2,955,766 | |
Novem Group SA | 255,000 | 1,608,100 | |
TOTAL LUXEMBOURG | 4,563,866 | ||
Mexico - 0.1% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 1,156,900 | 1,803,786 | |
Netherlands - 4.5% | |||
Aalberts Industries NV | 2,236,135 | 69,609,321 | |
BE Semiconductor Industries NV | 290,000 | 29,856,408 | |
IMCD NV | 310,129 | 37,244,741 | |
Koninklijke Heijmans NV (Certificaten Van Aandelen) | 300,000 | 3,440,941 | |
TKH Group NV (bearer) (depositary receipt) | 142,800 | 5,209,814 | |
Van Lanschot Kempen NV (Bearer) | 305,761 | 8,201,377 | |
TOTAL NETHERLANDS | 153,562,602 | ||
Norway - 2.4% | |||
Europris ASA (b) | 674,800 | 3,820,723 | |
Kongsberg Gruppen ASA | 1,231,008 | 50,249,947 | |
Medistim ASA | 440,375 | 7,628,050 | |
Selvaag Bolig ASA | 840,200 | 2,000,664 | |
Sparebanken Midt-Norge | 721,800 | 8,748,738 | |
TGS ASA | 340,000 | 4,632,372 | |
Volue A/S (a) | 3,247,442 | 5,447,797 | |
TOTAL NORWAY | 82,528,291 | ||
Philippines - 0.1% | |||
Robinsons Land Corp. | 11,000,000 | 2,697,741 | |
Singapore - 0.2% | |||
Boustead Singapore Ltd. | 9,000,000 | 5,356,684 | |
Spain - 0.9% | |||
Cie Automotive SA | 248,200 | 6,318,647 | |
Compania de Distribucion Integral Logista Holdings SA | 457,000 | 11,208,728 | |
Fluidra SA (c) | 619,020 | 10,885,852 | |
Grupo Catalana Occidente SA | 28,477 | 911,478 | |
TOTAL SPAIN | 29,324,705 | ||
Sweden - 10.3% | |||
AAK AB | 246,700 | 4,685,387 | |
Addlife AB | 1,585,326 | 10,325,081 | |
AddTech AB (B Shares) | 6,246,065 | 91,432,170 | |
Alligo AB (B Shares) | 745,270 | 5,848,685 | |
Arjo AB | 370,000 | 1,235,051 | |
Autoliv, Inc. | 408,900 | 37,475,685 | |
Bergman & Beving AB (B Shares) | 1,406,054 | 18,844,042 | |
Betsson AB (B Shares) | 540,000 | 5,427,841 | |
BHG Group AB (a)(c) | 1,203,200 | 1,061,731 | |
Dometic Group AB (b) | 491,200 | 3,023,121 | |
Hemnet Group AB | 1,810,100 | 31,410,342 | |
HEXPOL AB (B Shares) | 375,500 | 3,320,225 | |
INVISIO AB | 1,240,047 | 18,618,841 | |
JM AB (B Shares) | 615,600 | 6,551,723 | |
John Mattson Fastighetsforetag (a)(c) | 1,242,353 | 5,943,288 | |
Lagercrantz Group AB (B Shares) | 10,360,623 | 94,394,632 | |
Rusta AB | 1,100,000 | 4,464,074 | |
Swedish Logistic Property AB (a) | 2,500,000 | 5,823,094 | |
Teqnion AB (a) | 182,939 | 3,367,895 | |
TOTAL SWEDEN | 353,252,908 | ||
Switzerland - 1.2% | |||
Kardex AG | 14,990 | 2,890,393 | |
Tecan Group AG | 104,285 | 29,853,036 | |
VZ Holding AG | 81,662 | 8,007,751 | |
TOTAL SWITZERLAND | 40,751,180 | ||
Taiwan - 0.5% | |||
Addcn Technology Co. Ltd. | 2,264,641 | 13,841,044 | |
International Games Systems Co. Ltd. | 248,000 | 4,776,500 | |
TOTAL TAIWAN | 18,617,544 | ||
United Kingdom - 13.5% | |||
Allfunds Group PLC (c) | 375,000 | 1,911,722 | |
B&M European Value Retail SA | 871,031 | 5,598,377 | |
Baltic Classifieds Group PLC | 3,487,200 | 8,366,833 | |
Beazley PLC | 77,429 | 484,202 | |
Bodycote PLC | 5,788,808 | 40,386,678 | |
Cab Payments Holdings Ltd. (c) | 3,670,900 | 2,730,619 | |
Clarkson PLC | 588,634 | 18,923,790 | |
Close Brothers Group PLC | 1,429 | 13,843 | |
DCC PLC (United Kingdom) | 165,000 | 9,155,073 | |
Dechra Pharmaceuticals PLC | 283,013 | 13,099,069 | |
Direct Line Insurance Group PLC (a) | 4,000,000 | 7,355,903 | |
Domino's Pizza UK & IRL PLC | 1,209,100 | 5,040,730 | |
DP Poland PLC (a) | 32,210,430 | 3,132,013 | |
Dr. Martens Ltd. | 2,800,000 | 3,961,395 | |
Endava PLC ADR (a) | 65,000 | 3,260,400 | |
Games Workshop Group PLC | 30,000 | 3,600,771 | |
GlobalData PLC | 1,000,000 | 1,823,175 | |
Grainger Trust PLC | 1,156,700 | 3,197,042 | |
H&T Group PLC | 580,000 | 3,440,210 | |
Harbour Energy PLC | 875,800 | 2,701,678 | |
Hill & Smith Holdings PLC | 465,514 | 9,324,532 | |
Howden Joinery Group PLC | 3,987,682 | 30,903,376 | |
Inchcape PLC | 474,500 | 3,841,029 | |
Indivior PLC (a) | 512,800 | 9,816,703 | |
InterContinental Hotel Group PLC ADR | 456,000 | 32,891,280 | |
J.D. Wetherspoon PLC (a) | 333,500 | 2,561,828 | |
John Wood Group PLC (a) | 2,200,000 | 3,794,392 | |
Lancashire Holdings Ltd. | 1,632,633 | 11,271,300 | |
Londonmetric Properity PLC | 1,000,000 | 2,010,354 | |
LSL Property Services PLC | 694,900 | 1,993,294 | |
Mears Group PLC | 854,908 | 2,675,677 | |
On The Beach Group PLC (a)(b) | 2,387,000 | 2,756,215 | |
Petershill Partners PLC (b) | 1,600,000 | 2,870,407 | |
Pets At Home Group PLC | 1,201,500 | 4,100,700 | |
Premier Foods PLC | 2,885,600 | 4,110,559 | |
Rightmove PLC | 3,664,463 | 21,067,285 | |
RS GROUP PLC | 500,000 | 4,115,514 | |
Sabre Insurance Group PLC (b) | 5,832,581 | 10,421,140 | |
Sage Group PLC | 895,000 | 10,558,456 | |
Softcat PLC | 280,945 | 4,319,654 | |
Spectris PLC | 2,712,228 | 102,193,903 | |
Spirax-Sarco Engineering PLC | 179,897 | 17,912,284 | |
Synthomer PLC (a)(c) | 973,595 | 2,242,460 | |
Tate & Lyle PLC | 514,700 | 3,944,358 | |
Ten Entertainment Group PLC | 887,600 | 3,182,559 | |
Unite Group PLC | 969,074 | 10,229,723 | |
Urban Logistics REIT PLC | 3,600,000 | 4,559,396 | |
Vistry Group PLC | 400,000 | 3,437,293 | |
TOTAL UNITED KINGDOM | 461,289,194 | ||
United States of America - 3.7% | |||
Eneti, Inc. | 400,000 | 4,060,000 | |
Morningstar, Inc. (c) | 231,100 | 58,523,764 | |
NOV, Inc. | 1,071,900 | 21,395,124 | |
PriceSmart, Inc. | 234,112 | 14,629,659 | |
Ramaco Resources, Inc. (c) | 320,000 | 3,769,600 | |
Ramaco Resources, Inc. Class B (c) | 50,018 | 625,725 | |
ResMed, Inc. | 111,300 | 15,717,786 | |
WestRock Co. | 230,000 | 8,263,900 | |
TOTAL UNITED STATES OF AMERICA | 126,985,558 | ||
TOTAL COMMON STOCKS (Cost $2,812,821,260) | 3,214,076,440 | ||
Investment Companies - 1.6% | |||
Shares | Value ($) | ||
United States of America - 1.6% | |||
iShares MSCI EAFE Small-Cap ETF (Cost $55,861,020) | 985,000 | 53,002,850 | |
Money Market Funds - 4.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) | 133,216,669 | 133,243,313 | |
Fidelity Securities Lending Cash Central Fund 5.40% (e)(f) | 25,434,438 | 25,436,981 | |
TOTAL MONEY MARKET FUNDS (Cost $158,679,333) | 158,680,294 | ||
TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $3,027,361,613) | 3,425,759,584 |
NET OTHER ASSETS (LIABILITIES) - (0.2)% | (7,456,127) |
NET ASSETS - 100.0% | 3,418,303,457 |
ETF | - | EXCHANGE-TRADED FUND |
(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 $60,855,223 or 1.8% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated company |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 121,291,715 | 867,593,027 | 855,641,430 | 7,356,399 | - | 1 | 133,243,313 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.40% | 18,451,075 | 285,323,528 | 278,337,622 | 224,679 | - | - | 25,436,981 | 0.1% |
Total | 139,742,790 | 1,152,916,555 | 1,133,979,052 | 7,581,078 | - | 1 | 158,680,294 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Broadleaf Co. Ltd. | 21,927,817 | 815,563 | - | 40,486 | - | (715,932) | 22,027,448 |
Curves Holdings Co. Ltd. | 29,217,035 | 4,806,316 | - | 343,096 | - | (8,341,727) | 25,681,624 |
Digital Hearts Holdings Co. Ltd. | 18,366,423 | 161,395 | 597,559 | 175,885 | (605,049) | (9,528,634) | 7,796,576 |
Goldcrest Co. Ltd. | 20,638,219 | 1,026,768 | 3,860,470 | 868,169 | (3,136,230) | 7,254,113 | - |
Koshidaka Holdings Co. Ltd. | 26,779,211 | 10,857,211 | 4,540,285 | 322,044 | 142,729 | (1,595,403) | 31,643,463 |
NS Tool Co. Ltd. | 10,526,821 | 630,552 | - | 251,352 | - | (873,277) | 10,284,096 |
Total | 127,455,526 | 18,297,805 | 8,998,314 | 2,001,032 | (3,598,550) | (13,800,860) | 97,433,207 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 224,677,420 | 169,516,101 | 55,161,319 | - |
Consumer Discretionary | 375,442,782 | 189,371,916 | 186,070,866 | - |
Consumer Staples | 168,372,044 | 55,587,211 | 112,784,833 | - |
Energy | 81,414,655 | 59,607,281 | 21,807,374 | - |
Financials | 234,853,518 | 192,620,685 | 42,232,833 | - |
Health Care | 235,694,451 | 167,797,142 | 67,897,309 | - |
Industrials | 986,164,692 | 752,624,948 | 233,539,744 | - |
Information Technology | 640,729,097 | 326,961,425 | 313,767,672 | - |
Materials | 147,800,472 | 44,147,507 | 103,652,965 | - |
Real Estate | 100,943,769 | 61,707,552 | 39,236,217 | - |
Utilities | 17,983,540 | - | 17,983,540 | - |
Investment Companies | 53,002,850 | 53,002,850 | - | - |
Money Market Funds | 158,680,294 | 158,680,294 | - | - |
Total Investments in Securities: | 3,425,759,584 | 2,231,624,912 | 1,194,134,672 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $24,513,146) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,754,735,962) | $ | 3,169,646,083 | ||
Fidelity Central Funds (cost $158,679,333) | 158,680,294 | |||
Other affiliated issuers (cost $113,946,318) | 97,433,207 | |||
Total Investment in Securities (cost $3,027,361,613) | $ | 3,425,759,584 | ||
Cash | 185,221 | |||
Foreign currency held at value (cost $9,685) | 9,683 | |||
Receivable for investments sold | 3,622,673 | |||
Receivable for fund shares sold | 394,338,879 | |||
Dividends receivable | 9,517,507 | |||
Reclaims receivable | 5,115,264 | |||
Distributions receivable from Fidelity Central Funds | 647,371 | |||
Other receivables | 161,627 | |||
Total assets | 3,839,357,809 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,906,249 | ||
Payable for fund shares redeemed | 393,637,658 | |||
Other payables and accrued expenses | 73,464 | |||
Collateral on securities loaned | 25,436,981 | |||
Total Liabilities | 421,054,352 | |||
Net Assets | $ | 3,418,303,457 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,925,047,400 | ||
Total accumulated earnings (loss) | 493,256,057 | |||
Net Assets | $ | 3,418,303,457 | ||
Net Asset Value, offering price and redemption price per share ($3,418,303,457 ÷ 235,361,219 shares) | $ | 14.52 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends (including $2,001,032 earned from affiliated issuers) | $ | 77,214,629 | ||
Interest | 7,534 | |||
Income from Fidelity Central Funds (including $224,679 from security lending) | 7,581,078 | |||
Income before foreign taxes withheld | $ | 84,803,241 | ||
Less foreign taxes withheld | (9,598,979) | |||
Total Income | 75,204,262 | |||
Expenses | ||||
Custodian fees and expenses | $ | 303,876 | ||
Independent trustees' fees and expenses | 20,934 | |||
Total expenses before reductions | 324,810 | |||
Expense reductions | (5,497) | |||
Total expenses after reductions | 319,313 | |||
Net Investment income (loss) | 74,884,949 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $926,453) | 51,385,067 | |||
Affiliated issuers | (3,598,550) | |||
Foreign currency transactions | (486,483) | |||
Total net realized gain (loss) | 47,300,034 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $1,565,129) | 106,928,848 | |||
Fidelity Central Funds | 1 | |||
Other affiliated issuers | (13,800,860) | |||
Assets and liabilities in foreign currencies | 509,897 | |||
Total change in net unrealized appreciation (depreciation) | 93,637,886 | |||
Net gain (loss) | 140,937,920 | |||
Net increase (decrease) in net assets resulting from operations | $ | 215,822,869 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 74,884,949 | $ | 78,778,239 |
Net realized gain (loss) | 47,300,034 | 170,598,372 | ||
Change in net unrealized appreciation (depreciation) | 93,637,886 | (1,772,210,175) | ||
Net increase (decrease) in net assets resulting from operations | 215,822,869 | (1,522,833,564) | ||
Distributions to shareholders | (211,666,578) | (562,935,286) | ||
Share transactions | ||||
Proceeds from sales of shares | 786,276,246 | 318,375,461 | ||
Reinvestment of distributions | 211,666,578 | 562,935,286 | ||
Cost of shares redeemed | (830,053,983) | (397,219,829) | ||
Net increase (decrease) in net assets resulting from share transactions | 167,888,841 | 484,090,918 | ||
Total increase (decrease) in net assets | 172,045,132 | (1,601,677,932) | ||
Net Assets | ||||
Beginning of period | 3,246,258,325 | 4,847,936,257 | ||
End of period | $ | 3,418,303,457 | $ | 3,246,258,325 |
Other Information | ||||
Shares | ||||
Sold | 51,964,278 | 18,537,989 | ||
Issued in reinvestment of distributions | 14,026,944 | 27,025,218 | ||
Redeemed | (54,776,134) | (22,410,759) | ||
Net increase (decrease) | 11,215,088 | 23,152,448 | ||
Fidelity® Series International Small Cap Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 14.48 | $ | 24.12 | $ | 17.55 | $ | 16.71 | $ | 16.43 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .32 | .35 | .29 | .22 | .36 | |||||
Net realized and unrealized gain (loss) | .67 | (7.16) | 6.45 | 1.36 | 1.47 | |||||
Total from investment operations | .99 | (6.81) | 6.74 | 1.58 | 1.83 | |||||
Distributions from net investment income | (.21) | (.47) | (.17) | (.36) | (.37) | |||||
Distributions from net realized gain | (.73) | (2.35) | - | (.38) | (1.18) | |||||
Total distributions | (.95) C | (2.83) C | (.17) | (.74) | (1.55) | |||||
Net asset value, end of period | $ | 14.52 | $ | 14.48 | $ | 24.12 | $ | 17.55 | $ | 16.71 |
Total Return D | 6.57% | (31.82)% | 38.60% | 9.60% | 12.77% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of fee waivers, if any | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of all reductions | .01% | .01% | .01% | .01% | .01% | |||||
Net investment income (loss) | 2.02% | 2.03% | 1.34% | 1.36% | 2.28% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,418,303 | $ | 3,246,258 | $ | 4,847,936 | $ | 3,653,041 | $ | 3,498,064 |
Portfolio turnover rate G | 26% | 25% | 32% | 24% H | 23% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Series International Value Fund | 18.99% | 5.87% | 3.26% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Series International Value Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Value Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Shell PLC ADR (Netherlands, Oil, Gas & Consumable Fuels) | 4.9 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.9 | |
BHP Group Ltd. (Australia, Metals & Mining) | 3.5 | |
Toyota Motor Corp. (Japan, Automobiles) | 3.2 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.4 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 2.3 | |
Mitsubishi UFJ Financial Group, Inc. (Japan, Banks) | 2.2 | |
AXA SA (France, Insurance) | 2.2 | |
UBS Group AG (Switzerland, Capital Markets) | 2.1 | |
Banco Santander SA (Spain) (Spain, Banks) | 2.0 | |
28.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 32.1 | |
Industrials | 15.4 | |
Energy | 13.0 | |
Materials | 12.8 | |
Consumer Discretionary | 8.9 | |
Health Care | 5.5 | |
Information Technology | 5.2 | |
Communication Services | 2.1 | |
Utilities | 1.0 | |
Consumer Staples | 0.5 | |
Real Estate | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.3% | |||
Shares | Value ($) | ||
Australia - 7.9% | |||
BHP Group Ltd. | 15,741,922 | 445,614,091 | |
Flutter Entertainment PLC (a) | 295,400 | 46,334,619 | |
Glencore PLC | 47,508,027 | 251,641,987 | |
Macquarie Group Ltd. | 1,393,488 | 143,236,597 | |
Woodside Energy Group Ltd. | 5,546,620 | 120,804,287 | |
TOTAL AUSTRALIA | 1,007,631,581 | ||
Belgium - 0.9% | |||
KBC Group NV | 1,335,887 | 73,360,755 | |
UCB SA | 566,700 | 41,410,121 | |
TOTAL BELGIUM | 114,770,876 | ||
Canada - 0.1% | |||
Nutrien Ltd. | 162,113 | 8,706,815 | |
Denmark - 0.5% | |||
DSV A/S | 400,400 | 59,715,867 | |
Finland - 1.0% | |||
Mandatum Holding OY | 2,760,087 | 10,665,476 | |
Sampo Oyj (A Shares) | 2,967,887 | 116,537,321 | |
TOTAL FINLAND | 127,202,797 | ||
France - 12.2% | |||
Air Liquide SA | 952,899 | 163,281,390 | |
Airbus Group NV | 532,187 | 71,353,619 | |
ALTEN | 455,908 | 53,690,703 | |
AXA SA | 9,334,879 | 276,596,436 | |
BNP Paribas SA | 3,032,570 | 174,384,982 | |
Capgemini SA | 581,548 | 102,776,274 | |
Teleperformance | 114,031 | 13,048,968 | |
TotalEnergies SE | 7,455,392 | 498,448,737 | |
VINCI SA | 1,216,929 | 134,561,192 | |
Vivendi SA | 8,587,055 | 76,830,902 | |
TOTAL FRANCE | 1,564,973,203 | ||
Germany - 10.2% | |||
Bayer AG (b) | 2,079,782 | 89,864,393 | |
Covestro AG (a)(b)(c) | 773,100 | 39,019,416 | |
DHL Group | 3,003,707 | 116,831,454 | |
Fresenius SE & Co. KGaA | 2,330,100 | 59,763,206 | |
Hannover Reuck SE | 736,763 | 162,384,208 | |
Infineon Technologies AG | 1,455,500 | 42,515,476 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 427,817 | 171,336,793 | |
Rheinmetall AG | 653,741 | 187,041,994 | |
RWE AG | 3,547,600 | 135,621,743 | |
Siemens AG | 1,831,807 | 243,078,710 | |
Vonovia SE (b) | 2,637,341 | 60,717,093 | |
TOTAL GERMANY | 1,308,174,486 | ||
Hong Kong - 0.9% | |||
Prudential PLC | 11,173,850 | 116,838,120 | |
India - 0.7% | |||
Reliance Industries Ltd. GDR (c) | 1,584,000 | 86,486,400 | |
Indonesia - 0.6% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 229,407,037 | 71,731,886 | |
Ireland - 1.5% | |||
Bank of Ireland Group PLC | 11,961,700 | 106,948,901 | |
Ryanair Holdings PLC sponsored ADR (a) | 1,030,000 | 90,331,000 | |
TOTAL IRELAND | 197,279,901 | ||
Italy - 3.9% | |||
Eni SpA | 14,088,100 | 230,307,492 | |
Mediobanca SpA | 10,444,955 | 124,553,863 | |
Prysmian SpA | 1,542,700 | 57,604,956 | |
UniCredit SpA | 3,267,100 | 81,904,941 | |
TOTAL ITALY | 494,371,252 | ||
Japan - 24.3% | |||
Daiichi Sankyo Kabushiki Kaisha | 713,500 | 18,397,023 | |
DENSO Corp. | 10,612,284 | 156,704,526 | |
Eisai Co. Ltd. | 708,800 | 37,551,060 | |
Fast Retailing Co. Ltd. | 299,600 | 66,330,363 | |
FUJIFILM Holdings Corp. | 1,497,149 | 81,890,763 | |
Fujitsu Ltd. | 715,900 | 92,743,091 | |
Hitachi Ltd. | 4,826,500 | 305,935,558 | |
Hoya Corp. | 390,509 | 37,593,763 | |
Ibiden Co. Ltd. | 1,259,644 | 53,706,752 | |
INPEX Corp. | 6,456,400 | 93,688,017 | |
Itochu Corp. | 5,109,553 | 184,051,370 | |
LY Corp. | 12,140,600 | 30,952,297 | |
Minebea Mitsumi, Inc. | 3,242,551 | 50,840,940 | |
Mitsubishi UFJ Financial Group, Inc. | 33,427,824 | 280,430,933 | |
NOF Corp. | 637,600 | 25,153,922 | |
ORIX Corp. | 8,102,633 | 147,357,333 | |
Renesas Electronics Corp. (a) | 8,662,600 | 113,788,623 | |
Shin-Etsu Chemical Co. Ltd. | 5,929,890 | 177,323,745 | |
SoftBank Group Corp. | 1,434,337 | 58,741,940 | |
Sony Group Corp. | 1,093,045 | 90,874,544 | |
Sumitomo Mitsui Financial Group, Inc. | 4,818,363 | 232,283,544 | |
Suzuki Motor Corp. | 3,293,582 | 127,830,544 | |
TIS, Inc. | 1,908,556 | 40,871,447 | |
Tokio Marine Holdings, Inc. | 8,669,945 | 193,966,056 | |
Toyota Motor Corp. | 23,306,220 | 407,713,172 | |
TOTAL JAPAN | 3,106,721,326 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 2,147,085 | 106,712,471 | |
Luxembourg - 0.3% | |||
ArcelorMittal SA (Netherlands) | 1,746,058 | 38,575,883 | |
Netherlands - 5.3% | |||
Shell PLC ADR | 9,763,748 | 636,010,545 | |
Universal Music Group NV | 1,955,660 | 47,891,827 | |
TOTAL NETHERLANDS | 683,902,372 | ||
Singapore - 1.1% | |||
United Overseas Bank Ltd. | 7,022,189 | 138,510,576 | |
South Africa - 1.0% | |||
Anglo American PLC (United Kingdom) | 4,565,276 | 116,321,455 | |
Thungela Resources Ltd. (b) | 739,074 | 6,536,085 | |
TOTAL SOUTH AFRICA | 122,857,540 | ||
Spain - 2.5% | |||
Banco Santander SA (Spain) (b) | 68,958,672 | 252,897,281 | |
Cellnex Telecom SA (c) | 1,349,538 | 39,671,166 | |
Unicaja Banco SA (c) | 26,845,131 | 27,893,546 | |
TOTAL SPAIN | 320,461,993 | ||
Sweden - 1.7% | |||
Alleima AB | 69,014 | 419,805 | |
Investor AB (B Shares) | 10,800,072 | 197,764,354 | |
Sandvik AB | 1,544,200 | 26,302,387 | |
TOTAL SWEDEN | 224,486,546 | ||
Switzerland - 4.4% | |||
Swiss Life Holding AG | 158,040 | 101,080,275 | |
UBS Group AG (b) | 11,655,091 | 273,428,435 | |
Zurich Insurance Group Ltd. | 388,960 | 184,121,559 | |
TOTAL SWITZERLAND | 558,630,269 | ||
United Kingdom - 9.1% | |||
AstraZeneca PLC (United Kingdom) | 1,368,099 | 171,291,128 | |
B&M European Value Retail SA | 10,108,300 | 64,969,072 | |
BAE Systems PLC | 21,836,170 | 293,617,483 | |
Barratt Developments PLC | 18,300,573 | 92,065,563 | |
Beazley PLC | 8,080,517 | 50,531,434 | |
HSBC Holdings PLC (United Kingdom) | 8,770,700 | 63,328,186 | |
Imperial Brands PLC | 2,908,337 | 61,959,766 | |
Lloyds Banking Group PLC | 205,208,748 | 99,875,096 | |
NatWest Group PLC | 13,986,100 | 30,431,197 | |
Rolls-Royce Holdings PLC (a) | 17,875,400 | 47,052,104 | |
Standard Chartered PLC (United Kingdom) | 25,174,722 | 192,771,280 | |
TOTAL UNITED KINGDOM | 1,167,892,309 | ||
United States of America - 5.4% | |||
CRH PLC | 3,564,508 | 191,538,996 | |
Ferguson PLC | 542,855 | 81,354,956 | |
Linde PLC | 443,374 | 169,439,808 | |
Sanofi SA | 2,719,306 | 246,929,899 | |
TOTAL UNITED STATES OF AMERICA | 689,263,659 | ||
TOTAL COMMON STOCKS (Cost $10,025,345,306) | 12,315,898,128 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
Shares | Value ($) | ||
Germany - 0.7% | |||
Porsche Automobil Holding SE (Germany) (Cost $123,513,284) | 1,897,077 | 84,909,574 | |
Money Market Funds - 3.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) | 292,117,198 | 292,175,622 | |
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) | 171,011,057 | 171,028,158 | |
TOTAL MONEY MARKET FUNDS (Cost $463,203,780) | 463,203,780 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $10,612,062,370) | 12,864,011,482 |
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (77,248,970) |
NET ASSETS - 100.0% | 12,786,762,512 |
(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 $193,070,528 or 1.5% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 391,984,399 | 3,296,333,692 | 3,396,142,469 | 12,521,115 | - | - | 292,175,622 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.40% | 513,502,912 | 3,775,112,041 | 4,117,586,795 | 4,197,517 | - | - | 171,028,158 | 0.7% |
Total | 905,487,311 | 7,071,445,733 | 7,513,729,264 | 16,718,632 | - | - | 463,203,780 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 254,088,132 | 76,830,902 | 177,257,230 | - |
Consumer Discretionary | 1,137,731,977 | 203,369,254 | 934,362,723 | - |
Consumer Staples | 61,959,766 | - | 61,959,766 | - |
Energy | 1,672,281,563 | 729,033,030 | 943,248,533 | - |
Financials | 4,097,151,364 | 2,046,275,481 | 2,050,875,883 | - |
Health Care | 702,800,593 | 101,173,327 | 601,627,266 | - |
Industrials | 1,962,722,558 | 605,929,195 | 1,356,793,363 | - |
Information Technology | 688,695,600 | 53,690,703 | 635,004,897 | - |
Materials | 1,627,037,313 | 447,700,723 | 1,179,336,590 | - |
Real Estate | 60,717,093 | - | 60,717,093 | - |
Utilities | 135,621,743 | 135,621,743 | - | - |
Money Market Funds | 463,203,780 | 463,203,780 | - | - |
Total Investments in Securities: | 12,864,011,482 | 4,862,828,138 | 8,001,183,344 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $157,742,574) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,148,858,590) | $ | 12,400,807,702 | ||
Fidelity Central Funds (cost $463,203,780) | 463,203,780 | |||
Total Investment in Securities (cost $10,612,062,370) | $ | 12,864,011,482 | ||
Foreign currency held at value (cost $14,785) | 14,785 | |||
Receivable for investments sold | 50,336,487 | |||
Receivable for fund shares sold | 171,444,581 | |||
Dividends receivable | 46,235,351 | |||
Reclaims receivable | 38,195,542 | |||
Interest receivable | 40,967 | |||
Distributions receivable from Fidelity Central Funds | 1,035,461 | |||
Other receivables | 245 | |||
Total assets | 13,171,314,901 | |||
Liabilities | ||||
Payable to custodian bank | $ | 371 | ||
Payable for investments purchased | 170,538,757 | |||
Payable for fund shares redeemed | 42,738,470 | |||
Other payables and accrued expenses | 246,633 | |||
Collateral on securities loaned | 171,028,158 | |||
Total Liabilities | 384,552,389 | |||
Net Assets | $ | 12,786,762,512 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,330,904,984 | ||
Total accumulated earnings (loss) | 1,455,857,528 | |||
Net Assets | $ | 12,786,762,512 | ||
Net Asset Value, offering price and redemption price per share ($12,786,762,512 ÷ 1,201,493,317 shares) | $ | 10.64 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 485,370,192 | ||
Interest | 68,743 | |||
Income from Fidelity Central Funds (including $4,197,517 from security lending) | 16,718,632 | |||
Income before foreign taxes withheld | $ | 502,157,567 | ||
Less foreign taxes withheld | (41,577,647) | |||
Total Income | 460,579,920 | |||
Expenses | ||||
Custodian fees and expenses | $ | 752,777 | ||
Independent trustees' fees and expenses | 75,957 | |||
Interest | 70,341 | |||
Total expenses before reductions | 899,075 | |||
Expense reductions | (2,621) | |||
Total expenses after reductions | 896,454 | |||
Net Investment income (loss) | 459,683,466 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 67,030,007 | |||
Redemptions in-kind | 125,106,946 | |||
Foreign currency transactions | (1,824,091) | |||
Total net realized gain (loss) | 190,312,862 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,673,297,390 | |||
Assets and liabilities in foreign currencies | 2,450,327 | |||
Total change in net unrealized appreciation (depreciation) | 1,675,747,717 | |||
Net gain (loss) | 1,866,060,579 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,325,744,045 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 459,683,466 | $ | 571,708,614 |
Net realized gain (loss) | 190,312,862 | (148,251,550) | ||
Change in net unrealized appreciation (depreciation) | 1,675,747,717 | (2,774,795,334) | ||
Net increase (decrease) in net assets resulting from operations | 2,325,744,045 | (2,351,338,270) | ||
Distributions to shareholders | (425,784,758) | (770,910,384) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,992,285,965 | 2,577,499,861 | ||
Reinvestment of distributions | 425,784,758 | 770,910,384 | ||
Cost of shares redeemed | (3,899,245,756) | (3,188,665,043) | ||
Net increase (decrease) in net assets resulting from share transactions | (1,481,175,033) | 159,745,202 | ||
Total increase (decrease) in net assets | 418,784,254 | (2,962,503,452) | ||
Net Assets | ||||
Beginning of period | 12,367,978,258 | 15,330,481,710 | ||
End of period | $ | 12,786,762,512 | $ | 12,367,978,258 |
Other Information | ||||
Shares | ||||
Sold | 187,826,877 | 248,540,462 | ||
Issued in reinvestment of distributions | 42,493,489 | 70,596,189 | ||
Redeemed | (368,035,186) | (298,779,921) | ||
Net increase (decrease) | (137,714,820) | 20,356,730 | ||
Fidelity® Series International Value Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 9.24 | $ | 11.62 | $ | 8.25 | $ | 9.82 | $ | 9.68 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .37 | .42 | .43 C | .26 | .39 | |||||
Net realized and unrealized gain (loss) | 1.36 | (2.24) | 3.23 | (1.43) | .10 | |||||
Total from investment operations | 1.73 | (1.82) | 3.66 | (1.17) | .49 | |||||
Distributions from net investment income | (.33) | (.56) | �� | (.29) | (.36) | (.35) | ||||
Distributions from net realized gain | - | - | - | (.04) | - | |||||
Total distributions | (.33) | (.56) | (.29) | (.40) | (.35) | |||||
Net asset value, end of period | $ | 10.64 | $ | 9.24 | $ | 11.62 | $ | 8.25 | $ | 9.82 |
Total Return D | 18.99% | (16.40)% | 44.95% | (12.55)% | 5.48% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of fee waivers, if any | .01% | .01% | .01% | .01% | .01% | |||||
Expenses net of all reductions | .01% | .01% | .01% | .01% | .01% | |||||
Net investment income (loss) | 3.42% | 4.09% | 3.97% C | 2.92% | 4.23% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 12,786,763 | $ | 12,367,978 | $ | 15,330,482 | $ | 11,605,710 | $ | 15,992,396 |
Portfolio turnover rate G | 30% H | 31% H | 34% | 36% H | 41% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $ 374,074,963 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.5 - 9.8 / 4.5 | Increase |
Market approach | Transaction price | $13.75 - $15.25 / $14.50 | Increase | ||
Discount rate | 20.0% - 50.0% / 20.8% | Decrease | |||
Indicative market price | Bid price | $65.00 | Increase | ||
Recovery value | Recovery value | $0.00 | Increase | ||
Black scholes | Discount rate | 4.9% | Increase | ||
Volatility | 60.0% | Increase | |||
Term | 3.0 | Increase | |||
Corporate Bonds | $ 46,132,823 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 6.0 | Increase |
Discounted cash flow | Discount rate | 4.3% | Decrease |
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity Series Emerging Markets Fund | $4,918,458,539 | $429,640,496 | $ (479,478,850) | $ (49,838,354) |
Fidelity Series Emerging Markets Opportunities Fund | 19,959,704,346 | 4,366,341,080 | (3,711,907,052) | 654,434,028 |
Fidelity Series International Growth Fund | 9,065,584,934 | 4,261,664,018 | (471,568,876) | 3,790,095,142 |
Fidelity Series International Small Cap Fund | 3,056,488,016 | 807,805,973 | (438,534,405) | 369,271,568 |
Fidelity Series International Value Fund | 10,815,895,056 | 2,670,463,160 | (622,346,734) | 2,048,116,426 |
Undistributed ordinary income | Undistributed long-term capital gain | Capital loss carryforward | Net unrealized appreciation (depreciation) on securities and other investments | |
Fidelity Series Emerging Markets Fund | $107,719,166 | $ - | $ (544,644,298) | $ (49,935,872) |
Fidelity Series Emerging Markets Opportunities Fund | 529,987,738 | - | (1,817,785,323) | 653,812,421 |
Fidelity Series International Growth Fund | 156,463,871 | - | (176,883,349) | 3,789,409,571 |
Fidelity Series International Small Cap Fund | 77,948,649 | 46,111,788 | - | 369,042,653 |
Fidelity Series International Value Fund | 410,344,554 | - | (999,877,736) | 2,045,390,711 |
Short-term | Long-term | Total capital loss carryforward | |
Fidelity Series Emerging Markets Fund | $ (416,445,717) | $ (128,198,581) | $ (544,644,298) |
Fidelity Series Emerging Markets Opportunities Fund | (1,148,522,328) | (669,262,994) | (1,817,785,322) |
Fidelity Series International Growth Fund | (49,487,799) | (127,395,550) | (176,883,349) |
Fidelity Series International Value Fund | (999,877,736) | - | (999,877,736) |
October 31, 2023 | |||
Ordinary Income | Long-term Capital Gains | Total | |
Fidelity Series Emerging Markets Fund | $65,273,730 | $ - | $65,273,730 |
Fidelity Series Emerging Markets Opportunities Fund | 559,062,771 | - | 559,062,771 |
Fidelity Series International Growth Fund | 172,554,159 | 262,282,322 | 434,836,481 |
Fidelity Series International Small Cap Fund | 47,608,217 | 164,058,361 | 211,666,578 |
Fidelity Series International Value Fund | 425,784,758 | - | 425,784,758 |
October 31, 2022 | |||
Ordinary Income | Long-term Capital Gains | Total | |
Fidelity Series Emerging Markets Fund | $105,313,301 | $ - | $105,313,301 |
Fidelity Series Emerging Markets Opportunities Fund | 1,355,505,288 | 1,975,800,325 | 3,331,305,613 |
Fidelity Series International Growth Fund | 332,369,715 | 896,087,260 | 1,228,456,975 |
Fidelity Series International Small Cap Fund | 97,971,051 | 464,964,235 | 562,935,286 |
Fidelity Series International Value Fund | 770,910,384 | - | 770,910,384 |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Series Emerging Markets Fund | 5,118,633,788 | 3,048,839,852 |
Fidelity Series Emerging Markets Opportunities Fund | 9,079,118,043 | 13,156,198,514 |
Fidelity Series International Growth Fund | 2,418,777,172 | 2,730,206,467 |
Fidelity Series International Small Cap Fund | 970,180,533 | 930,180,882 |
Fidelity Series International Value Fund | 3,961,094,059 | 4,970,606,875 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | ||
Fidelity Series International Growth Fund | 24,781,944 | 187,812,495 | 380,697,437 | |
Fidelity Series International Value Fund | 36,205,694 | 125,106,946 | 383,424,293 | |
Amount | |
Fidelity Series Emerging Markets Fund | $1,022 |
Fidelity Series Emerging Markets Opportunities Fund | 66,288 |
Fidelity Series International Growth Fund | 4,177 |
Fidelity Series International Small Cap Fund | 1,264 |
Fidelity Series International Value Fund | 5,913 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Emerging Markets Opportunities Fund | Borrower | $ 235,012,250 | 5.13% | $ 134,061 |
Fidelity Series International Growth Fund | Borrower | $86,931,000 | 4.21% | $ 20,320 |
Fidelity Series International Value Fund | Borrower | $ 68,204,125 | 4.64% | $ 70,341 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Emerging Markets Fund | 28,621,316 | 41,737,288 | (8,537,426) |
Fidelity Series Emerging Markets Opportunities Fund | 75,799,167 | 210,607,439 | (8,054,769) |
Fidelity Series International Growth Fund | 128,171,572 | 64,705,596 | (17,445,749) |
Fidelity Series International Small Cap Fund | 26,101,074 | 21,522,668 | (1,058,307) |
Fidelity Series International Value Fund | 115,378,755 | 118,283,839 | 12,054,956 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series International Growth Fund | 3,489,700 | 20,221,102 | 47,323,914 |
Fidelity Series International Value Fund | 5,171,078 | 9,807,643 | 46,949,274 |
Amount ($) | |
Fidelity Series Emerging Markets Fund | 1,946 |
Fidelity Series Emerging Markets Opportunities Fund | 10,371 |
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 | $33,157 | $- | $- |
Fidelity Series Emerging Markets Opportunities Fund | $453,181 | $1 | $- |
Fidelity Series International Growth Fund | $127,177 | $- | $- |
Fidelity Series International Small Cap Fund | $23,326 | $3 | $- |
Fidelity Series International Value Fund | $453,950 | $2,429 | $- |
Expense Limitations | Reimbursement | |
Fidelity Series Emerging Markets Fund | .013% | $ 574,102 |
Fidelity Series Emerging Markets Opportunities Fund | .013% | $ 3,461,152 |
Custodian credits | |
Fidelity Series Emerging Markets Fund | $10,608 |
Fidelity Series Emerging Markets Opportunities Fund | 6,492 |
Fidelity Series International Growth Fund | 798 |
Fidelity Series International Small Cap Fund | 5,497 |
Fidelity Series International Value Fund | 2,621 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Series Emerging Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 959.00 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Fidelity® Series Emerging Markets Opportunities Fund | .01% | |||||||||
Actual | $ 1,000 | $ 961.20 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Fidelity® Series International Growth Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 921.50 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.21 | $-E | |||||||
Fidelity® Series International Small Cap Fund | .01% | |||||||||
Actual | $ 1,000 | $ 892.40 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Fidelity® Series International Value Fund | .01% | |||||||||
Actual | $ 1,000 | $ 980.60 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Fidelity Series International Small Cap Fund | $51,028,676 |
Fidelity Series International Growth Fund | |
December 2022 | 12% |
Fidelity Series International Small Cap Fund | |
December 2022 | 3% |
Fund Fidelity Series Emerging Markets Fund | |
December 2022 | 37.99% |
Fidelity Series Emerging Market Opportunities Fund | |
December 2022 | 58.62% |
Fidelity Series International Growth Fund | |
December 2022 | 77.72% |
Fidelity Series International Small Cap Fund | |
December 2022 | 94.87% |
Fidelity Series International Value Fund | |
December 2022 | 89.26% |
Fund Fidelity Series Emerging Markets Fund | $2,887,336 |
Fidelity Series Emerging Market Opportunities Fund | $10,301,066 |
Fidelity Series International Growth Fund | $4,692,189 |
Fidelity Series International Small Cap Fund | $1,779,360 |
Fidelity Series International Value Fund | $5,938,946 |
Pay Date | Income | Taxes | |
Fund Fidelity Series Emerging Markets Fund | 12/12/22 | $0.2219 | $0.0239 |
Fidelity Series Emerging Market Opportunities Fund | 12/12/22 | $0.4373 | $0.0643 |
Fidelity Series International Growth Fund | 12/12/22 | $0.1860 | $0.0195 |
Fidelity Series International Small Cap Fund | 12/12/22 | $0.2543 | $0.0413 |
Fidelity Series International Value Fund | 12/12/22 | $0.3571 | $0.0231 |
Contents
Fidelity® Series Sustainable Non-U.S. Developed Markets Fund |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 8.1 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.0 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.1 | |
HDFC Bank Ltd. sponsored ADR (India, Banks) | 4.0 | |
Reliance Industries Ltd. GDR (India, Oil, Gas & Consumable Fuels) | 3.3 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.0 | |
ICICI Bank Ltd. sponsored ADR (India, Banks) | 2.8 | |
Infosys Ltd. sponsored ADR (India, IT Services) | 2.8 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.0 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.9 | |
37.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.5 | |
Information Technology | 21.1 | |
Consumer Discretionary | 14.1 | |
Communication Services | 9.1 | |
Consumer Staples | 6.8 | |
Industrials | 5.9 | |
Energy | 4.8 | |
Materials | 3.4 | |
Health Care | 2.9 | |
Utilities | 2.2 | |
Real Estate | 1.9 | |
Asset Allocation (% of Fund's net assets) |
Futures - 3.2% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 93.1% | |||
Shares | Value ($) | ||
Brazil - 5.7% | |||
Banco BTG Pactual SA unit | 300 | 1,761 | |
Banco do Brasil SA | 1,300 | 12,467 | |
Cury Construtora e Incorporado SA | 1,100 | 3,216 | |
Cyrela Brazil Realty SA | 500 | 1,784 | |
ENGIE Brasil Energia SA | 1,900 | 14,810 | |
Equatorial Energia SA | 1,800 | 11,282 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 21,500 | 15,736 | |
Hypera SA (a) | 700 | 4,205 | |
Localiza Rent a Car SA | 2,900 | 29,260 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 18 | 25 | |
LOG Commercial Properties e Participacoes SA | 1,000 | 4,110 | |
MercadoLibre, Inc. (a) | 15 | 18,611 | |
Multiplan Empreendimentos Imobiliarios SA (a) | 800 | 3,926 | |
Natura & Co. Holding SA | 3,300 | 8,345 | |
Raia Drogasil SA | 7,100 | 36,333 | |
Rede D'Oregon Sao Luiz SA (b) | 500 | 2,144 | |
StoneCo Ltd. Class A (a) | 1,106 | 10,966 | |
Suzano Papel e Celulose SA | 1,700 | 17,389 | |
Transmissora Alianca de Energia Eletrica SA | 1,800 | 12,064 | |
XP, Inc. Class A | 1,556 | 31,120 | |
YDUQS Participacoes SA | 1,800 | 6,330 | |
TOTAL BRAZIL | 245,884 | ||
Chile - 1.2% | |||
Antofagasta PLC | 1,814 | 29,655 | |
Banco de Chile | 210,396 | 21,616 | |
TOTAL CHILE | 51,271 | ||
China - 27.8% | |||
Akeso, Inc. (a)(b) | 1,011 | 5,677 | |
Alibaba Group Holding Ltd. (a) | 12,704 | 130,789 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 134 | 11,060 | |
Baidu, Inc.: | |||
Class A (a) | 739 | 9,702 | |
sponsored ADR (a) | 51 | 5,355 | |
BeiGene Ltd. ADR (a) | 79 | 14,716 | |
BYD Co. Ltd. (H Shares) | 1,485 | 45,159 | |
China Communications Services Corp. Ltd. (H Shares) | 16,198 | 6,625 | |
China Construction Bank Corp. (H Shares) | 146,982 | 83,127 | |
China Gas Holdings Ltd. | 6,400 | 5,754 | |
China Life Insurance Co. Ltd. (H Shares) | 18,556 | 25,132 | |
China Resources Beer Holdings Co. Ltd. | 4,129 | 21,849 | |
China Tower Corp. Ltd. (H Shares) (b) | 46,966 | 4,380 | |
ENN Energy Holdings Ltd. | 2,508 | 18,998 | |
ESR Group Ltd. (b) | 2,598 | 3,338 | |
Flat Glass Group Co. Ltd. | 1,000 | 1,796 | |
Guangdong Investment Ltd. | 13,865 | 9,461 | |
Haier Smart Home Co. Ltd. | 5,014 | 14,302 | |
Haier Smart Home Co. Ltd. ADR | 798 | 9,112 | |
Haitian International Holdings Ltd. | 5,000 | 11,928 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 51,291 | 24,581 | |
Innovent Biologics, Inc. (a)(b) | 1,035 | 6,099 | |
JD.com, Inc.: | |||
Class A | 523 | 6,649 | |
sponsored ADR | 114 | 2,898 | |
JOYY, Inc. ADR | 93 | 3,620 | |
KE Holdings, Inc. ADR | 175 | 2,574 | |
Kingdee International Software Group Co. Ltd. (a) | 3,000 | 3,981 | |
Kunlun Energy Co. Ltd. | 13,765 | 11,468 | |
Lenovo Group Ltd. | 30,607 | 35,618 | |
Li Auto, Inc.: | |||
ADR (a) | 719 | 24,309 | |
Class A (a) | 771 | 13,040 | |
Meituan Class B (a)(b) | 4,171 | 59,124 | |
NetEase, Inc. ADR | 280 | 29,938 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 584 | 38,246 | |
PDD Holdings, Inc. ADR (a) | 838 | 84,990 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 9,996 | 50,704 | |
Shangri-La Asia Ltd. (a) | 17,906 | 11,424 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 23,500 | 11,744 | |
Sinotruk Hong Kong Ltd. | 8,499 | 16,008 | |
Sunny Optical Technology Group Co. Ltd. | 392 | 3,284 | |
Tencent Holdings Ltd. | 4,840 | 179,122 | |
Tongdao Liepin Group (a) | 5,415 | 3,979 | |
TravelSky Technology Ltd. (H Shares) | 7,123 | 11,252 | |
Trip.com Group Ltd. ADR (a) | 1,087 | 36,958 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 2,016 | 15,288 | |
Uni-President China Holdings Ltd. | 18,705 | 12,730 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 1,041 | 12,509 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 4,707 | 29,267 | |
XPeng, Inc. ADR (a) | 629 | 9,108 | |
Zai Lab Ltd. (a) | 1,613 | 4,116 | |
ZTO Express, Inc. sponsored ADR | 619 | 14,590 | |
TOTAL CHINA | 1,207,478 | ||
Greece - 1.4% | |||
Alpha Bank SA (a) | 32,020 | 47,771 | |
OPAP SA | 812 | 13,747 | |
TOTAL GREECE | 61,518 | ||
Hong Kong - 1.3% | |||
ASMPT Ltd. | 1,100 | 9,317 | |
Gushengtang Holdings Ltd. | 200 | 1,198 | |
Huanxi Media Group Ltd. (a) | 69,070 | 6,352 | |
Kerry Properties Ltd. | 5,693 | 9,580 | |
Prudential PLC | 3,003 | 31,401 | |
TOTAL HONG KONG | 57,848 | ||
India - 14.6% | |||
HDFC Bank Ltd. sponsored ADR | 3,045 | 172,195 | |
ICICI Bank Ltd. sponsored ADR | 5,599 | 124,242 | |
Infosys Ltd. sponsored ADR | 7,532 | 123,675 | |
Larsen & Toubro Ltd. GDR | 2,090 | 73,568 | |
Reliance Industries Ltd. GDR (b) | 2,603 | 142,124 | |
TOTAL INDIA | 635,804 | ||
Indonesia - 4.3% | |||
First Resources Ltd. | 22,829 | 25,206 | |
PT Bank Central Asia Tbk | 119,400 | 65,780 | |
PT Bank Mandiri (Persero) Tbk | 5,300 | 1,893 | |
PT Bank Negara Indonesia (Persero) Tbk | 4,100 | 1,237 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 169,300 | 52,937 | |
PT Sumber Alfaria Trijaya Tbk | 78,800 | 14,341 | |
PT Telkom Indonesia Persero Tbk | 107,300 | 23,522 | |
TOTAL INDONESIA | 184,916 | ||
Korea (South) - 11.9% | |||
AMOREPACIFIC Corp. | 107 | 10,029 | |
Coway Co. Ltd. | 271 | 8,659 | |
Delivery Hero AG (a)(b) | 473 | 11,997 | |
Hyundai Motor Co. Ltd. | 35 | 4,403 | |
Jeisys Medical, Inc. (a) | 538 | 4,194 | |
JYP Entertainment Corp. | 64 | 4,864 | |
Kakao Corp. | 623 | 17,534 | |
Kakao Pay Corp. (a) | 26 | 662 | |
KB Financial Group, Inc. | 744 | 28,318 | |
Kia Corp. | 375 | 21,393 | |
Korea Aerospace Industries Ltd. | 53 | 1,741 | |
LG Chemical Ltd. | 12 | 3,927 | |
LG Corp. | 141 | 8,059 | |
LS Electric Co. Ltd. | 83 | 3,943 | |
NAVER Corp. | 403 | 56,257 | |
NCSOFT Corp. | 27 | 4,658 | |
POSCO | 37 | 11,310 | |
Samsung Biologics Co. Ltd. (a)(b) | 37 | 19,422 | |
Samsung Electronics Co. Ltd. | 4,389 | 218,138 | |
Samsung SDI Co. Ltd. | 35 | 11,066 | |
SK Hynix, Inc. | 777 | 67,376 | |
TOTAL KOREA (SOUTH) | 517,950 | ||
Mexico - 3.5% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV | 3,351 | 10,507 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 367 | 11,538 | |
Fibra Uno Administracion SA de CV | 2,500 | 3,795 | |
Gruma S.A.B. de CV Series B | 1,067 | 18,567 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 648 | 7,559 | |
Grupo Aeroportuario Norte S.A.B. de CV | 1,200 | 9,161 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 6,591 | 53,491 | |
Wal-Mart de Mexico SA de CV Series V | 10,532 | 37,696 | |
TOTAL MEXICO | 152,314 | ||
Netherlands - 0.5% | |||
CTP BV (b) | 1,459 | 21,242 | |
Panama - 0.5% | |||
Copa Holdings SA Class A | 243 | 19,841 | |
Philippines - 0.6% | |||
SM Investments Corp. | 1,371 | 19,331 | |
SM Prime Holdings, Inc. | 16,800 | 8,867 | |
TOTAL PHILIPPINES | 28,198 | ||
Poland - 0.6% | |||
CD Projekt RED SA | 472 | 11,766 | |
Dino Polska SA (a)(b) | 156 | 14,759 | |
TOTAL POLAND | 26,525 | ||
South Africa - 3.2% | |||
Absa Group Ltd. | 901 | 8,215 | |
Bid Corp. Ltd. | 535 | 11,350 | |
Capitec Bank Holdings Ltd. | 343 | 30,456 | |
Discovery Ltd. | 3,523 | 24,305 | |
FirstRand Ltd. | 298 | 982 | |
Impala Platinum Holdings Ltd. | 4,898 | 20,403 | |
Pick 'n Pay Stores Ltd. | 4,936 | 6,621 | |
Shoprite Holdings Ltd. | 1,744 | 22,348 | |
Standard Bank Group Ltd. | 1,258 | 12,345 | |
TOTAL SOUTH AFRICA | 137,025 | ||
Taiwan - 13.6% | |||
ASE Technology Holding Co. Ltd. | 1,000 | 3,498 | |
ASUSTeK Computer, Inc. | 1,000 | 10,477 | |
BizLink Holding, Inc. | 1,000 | 7,787 | |
Chailease Holding Co. Ltd. | 8,000 | 43,363 | |
Chroma ATE, Inc. | 1,000 | 6,752 | |
Delta Electronics, Inc. | 3,000 | 27,015 | |
Formosa Plastics Corp. | 14,000 | 33,269 | |
HIWIN Technologies Corp. | 2,000 | 12,111 | |
International Games Systems Co. Ltd. | 1,000 | 19,260 | |
King Yuan Electronics Co. Ltd. | 5,000 | 11,837 | |
Lite-On Technology Corp. | 4,000 | 12,444 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 4,090 | 353,012 | |
Uni-President Enterprises Corp. | 23,000 | 48,216 | |
TOTAL TAIWAN | 589,041 | ||
Tanzania - 0.3% | |||
Helios Towers PLC (a) | 17,800 | 13,100 | |
Thailand - 0.0% | |||
Bangkok Bank PCL (For. Reg.) | 100 | 436 | |
United States of America - 2.1% | |||
FirstCash Holdings, Inc. | 456 | 49,668 | |
Globant SA (a) | 71 | 12,091 | |
Legend Biotech Corp. ADR (a) | 106 | 7,003 | |
Tenaris SA sponsored ADR | 260 | 8,143 | |
Titan Cement International Trading SA | 691 | 13,073 | |
TOTAL UNITED STATES OF AMERICA | 89,978 | ||
TOTAL COMMON STOCKS (Cost $4,273,278) | 4,040,369 | ||
Nonconvertible Preferred Stocks - 2.6% | |||
Shares | Value ($) | ||
Brazil - 2.1% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 3,400 | 14,290 | |
Itau Unibanco Holding SA | 1,800 | 9,575 | |
Metalurgica Gerdau SA (PN) | 5,900 | 12,088 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 1,689 | 23,359 | |
sponsored ADR | 2,054 | 30,810 | |
TOTAL BRAZIL | 90,122 | ||
Korea (South) - 0.5% | |||
Hyundai Motor Co. Ltd. Series 2 | 188 | 13,946 | |
Samsung Electronics Co. Ltd. | 271 | 10,804 | |
TOTAL KOREA (SOUTH) | 24,750 | ||
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $104,653) | 114,872 | ||
Money Market Funds - 2.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) (Cost $118,523) | 118,499 | 118,523 | |
TOTAL INVESTMENT IN SECURITIES - 98.4% (Cost $4,496,454) | 4,273,764 |
NET OTHER ASSETS (LIABILITIES) - 1.6% | 67,407 |
NET ASSETS - 100.0% | 4,341,171 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 3 | Dec 2023 | 137,880 | (2,959) | (2,959) |
The notional amount of futures purchased as a percentage of Net Assets is 3.2% |
(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 $347,818 or 8.0% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | - | 4,683,179 | 4,564,656 | 6,860 | - | - | 118,523 | 0.0% |
Total | - | 4,683,179 | 4,564,656 | 6,860 | - | - | 118,523 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 393,409 | 63,779 | 329,630 | - |
Consumer Discretionary | 612,506 | 272,366 | 340,140 | - |
Consumer Staples | 303,678 | 156,019 | 147,659 | - |
Energy | 204,436 | 204,436 | - | - |
Financials | 1,020,746 | 611,175 | 409,571 | - |
Health Care | 126,286 | 43,804 | 82,482 | - |
Industrials | 253,281 | 154,004 | 99,277 | - |
Information Technology | 922,181 | 488,778 | 433,403 | - |
Materials | 141,114 | 72,205 | 68,909 | - |
Real Estate | 79,477 | 57,692 | 21,785 | - |
Utilities | 98,127 | 52,446 | 45,681 | - |
Money Market Funds | 118,523 | 118,523 | - | - |
Total Investments in Securities: | 4,273,764 | 2,295,227 | 1,978,537 | - |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (2,959) | (2,959) | - | - |
Total Liabilities | (2,959) | (2,959) | - | - |
Total Derivative Instruments: | (2,959) | (2,959) | - | - |
Primary Risk Exposure / Derivative Type �� | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (2,959) |
Total Equity Risk | 0 | (2,959) |
Total Value of Derivatives | 0 | (2,959) |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,377,931) | $ | 4,155,241 | ||
Fidelity Central Funds (cost $118,523) | 118,523 | |||
Total Investment in Securities (cost $4,496,454) | $ | 4,273,764 | ||
Segregated cash with brokers for derivative instruments | 8,612 | |||
Cash | 47,502 | |||
Receivable for fund shares sold | 5,319 | |||
Dividends receivable | 8,519 | |||
Distributions receivable from Fidelity Central Funds | 532 | |||
Receivable from investment adviser for expense reductions | 2,757 | |||
Total assets | 4,347,005 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 184 | ||
Payable for daily variation margin on futures contracts | 915 | |||
Custody fee payable | 4,735 | |||
Total Liabilities | 5,834 | |||
Net Assets | $ | 4,341,171 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,535,384 | ||
Total accumulated earnings (loss) | (194,213) | |||
Net Assets | $ | 4,341,171 | ||
Net Asset Value, offering price and redemption price per share ($4,341,171 ÷ 451,158 shares) | $ | 9.62 |
Statement of Operations | ||||
For the period May 11, 2023 (commencement of operations) through October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 69,190 | ||
Interest | 78 | |||
Income from Fidelity Central Funds | 6,860 | |||
Income before foreign taxes withheld | $ | 76,128 | ||
Less foreign taxes withheld | (6,061) | |||
Total Income | 70,067 | |||
Expenses | ||||
Custodian fees and expenses | $ | 6,414 | ||
Independent trustees' fees and expenses | 7 | |||
Total expenses before reductions | 6,421 | |||
Expense reductions | (6,259) | |||
Total expenses after reductions | 162 | |||
Net Investment income (loss) | 69,905 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (26,149) | |||
Foreign currency transactions | (1,368) | |||
Futures contracts | (10,954) | |||
Total net realized gain (loss) | (38,471) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (222,690) | |||
Assets and liabilities in foreign currencies | 3 | |||
Futures contracts | (2,959) | |||
Total change in net unrealized appreciation (depreciation) | (225,646) | |||
Net gain (loss) | (264,117) | |||
Net increase (decrease) in net assets resulting from operations | $ | (194,212) |
Statement of Changes in Net Assets | ||
For the period May 11, 2023 (commencement of operations) through October 31, 2023 | ||
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $ | 69,905 |
Net realized gain (loss) | (38,471) | |
Change in net unrealized appreciation (depreciation) | (225,646) | |
Net increase (decrease) in net assets resulting from operations | (194,212) | |
Share transactions | ||
Proceeds from sales of shares | 4,692,849 | |
Cost of shares redeemed | (157,466) | |
Net increase (decrease) in net assets resulting from share transactions | 4,535,383 | |
Total increase (decrease) in net assets | 4,341,171 | |
Net Assets | ||
Beginning of period | - | |
End of period | $ | 4,341,171 |
Other Information | ||
Shares | ||
Sold | 466,593 | |
Redeemed | (15,435) | |
Net increase (decrease) | 451,158 | |
Fidelity® Series Sustainable Emerging Markets Fund |
Years ended October 31, | 2023 A | |
Selected Per-Share Data | ||
Net asset value, beginning of period | $ | 10.00 |
Income from Investment Operations | ||
Net investment income (loss) B,C | .16 | |
Net realized and unrealized gain (loss) | (.54) | |
Total from investment operations | (.38) | |
Net asset value, end of period | $ | 9.62 |
Total Return D,E | (3.80)% | |
Ratios to Average Net Assets B,F,G | ||
Expenses before reductions | .31% H | |
Expenses net of fee waivers, if any | .01% H | |
Expenses net of all reductions | .01% H | |
Net investment income (loss) | 3.40% H | |
Supplemental Data | ||
Net assets, end of period (000 omitted) | $ | 4,341 |
Portfolio turnover rate I | 36% J |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.6 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.4 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.0 | |
Linde PLC (United States of America, Chemicals) | 1.7 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 1.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 1.6 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 1.4 | |
Shell PLC ADR (Netherlands, Oil, Gas & Consumable Fuels) | 1.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.1 | |
Marsh & McLennan Companies, Inc. (United States of America, Insurance) | 1.1 | |
17.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.7 | |
Industrials | 20.1 | |
Information Technology | 11.5 | |
Consumer Discretionary | 10.3 | |
Materials | 8.4 | |
Health Care | 7.9 | |
Energy | 6.7 | |
Consumer Staples | 5.6 | |
Communication Services | 1.8 | |
Real Estate | 1.3 | |
Utilities | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Futures - 2.9% |
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 - 95.9% | |||
Shares | Value ($) | ||
Australia - 2.3% | |||
ASX Ltd. | 128 | 4,573 | |
BlueScope Steel Ltd. | 164 | 1,966 | |
Brambles Ltd. | 1,446 | 12,068 | |
Cochlear Ltd. | 28 | 4,292 | |
Computershare Ltd. | 292 | 4,608 | |
DEXUS Property Group unit | 1,009 | 4,167 | |
EBOS Group Ltd. | 430 | 8,778 | |
Flutter Entertainment PLC (a) | 90 | 14,117 | |
Flutter Entertainment PLC (Ireland) (a) | 7 | 1,096 | |
Fortescue Metals Group Ltd. | 284 | 4,040 | |
IGO Ltd. | 532 | 3,221 | |
Imdex Ltd. | 1,927 | 2,021 | |
Lendlease Group unit | 543 | 2,151 | |
Macquarie Group Ltd. | 88 | 9,046 | |
Mineral Resources Ltd. | 118 | 4,349 | |
Mirvac Group unit | 5,231 | 6,069 | |
Orica Ltd. | 493 | 4,607 | |
Pilbara Minerals Ltd. | 1,284 | 3,016 | |
QBE Insurance Group Ltd. | 144 | 1,428 | |
REA Group Ltd. | 59 | 5,416 | |
Suncorp Group Ltd. | 419 | 3,566 | |
Transurban Group unit | 2,744 | 20,658 | |
Woodside Energy Group Ltd. | 1,523 | 33,171 | |
TOTAL AUSTRALIA | 158,424 | ||
Austria - 0.4% | |||
Mondi PLC | 274 | 4,426 | |
OMV AG | 277 | 12,122 | |
Verbund AG | 62 | 5,379 | |
Wienerberger AG | 81 | 1,966 | |
TOTAL AUSTRIA | 23,893 | ||
Belgium - 1.0% | |||
Azelis Group NV | 611 | 10,409 | |
Fagron NV | 143 | 2,509 | |
KBC Ancora | 215 | 8,121 | |
KBC Group NV | 807 | 44,317 | |
Umicore SA | 102 | 2,427 | |
TOTAL BELGIUM | 67,783 | ||
Brazil - 0.4% | |||
Wheaton Precious Metals Corp. | 630 | 26,608 | |
Canada - 9.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,066 | 58,029 | |
Andlauer Healthcare Group, Inc. | 163 | 4,565 | |
Bank of Montreal | 598 | 45,188 | |
Brookfield Asset Management Ltd. Class A | 131 | 3,755 | |
Brookfield Corp. (Canada) Class A | 737 | 21,471 | |
CAE, Inc. (a) | 1,280 | 26,731 | |
Cameco Corp. | 427 | 17,468 | |
Cameco Corp. | 127 | 5,196 | |
Canadian National Railway Co. | 233 | 24,653 | |
Canadian Natural Resources Ltd. | 186 | 11,811 | |
Canadian Pacific Kansas City Ltd. | 828 | 58,788 | |
Cogeco Communications, Inc. | 26 | 1,024 | |
Computer Modelling Group Ltd. | 781 | 5,159 | |
Definity Financial Corp. | 168 | 4,645 | |
Dollarama, Inc. | 108 | 7,375 | |
Enbridge, Inc. | 729 | 23,362 | |
Franco-Nevada Corp. | 218 | 26,520 | |
Intact Financial Corp. | 164 | 23,042 | |
Jamieson Wellness, Inc. (b) | 78 | 1,281 | |
Magna International, Inc. Class A (sub. vtg.) | 190 | 9,130 | |
Metro, Inc. | 235 | 11,937 | |
Nutrien Ltd. | 497 | 26,693 | |
Parkland Corp. | 398 | 12,045 | |
Pason Systems, Inc. | 530 | 5,079 | |
PrairieSky Royalty Ltd. | 1,766 | 31,009 | |
Real Matters, Inc. (a) | 413 | 1,456 | |
Richelieu Hardware Ltd. | 249 | 7,448 | |
Royal Bank of Canada | 516 | 41,213 | |
Shopify, Inc. Class A (a) | 558 | 26,352 | |
Sun Life Financial, Inc. | 1,051 | 48,005 | |
The Toronto-Dominion Bank | 1,002 | 55,969 | |
Thomson Reuters Corp. | 57 | 6,828 | |
TMX Group Ltd. | 523 | 10,892 | |
Triple Flag Precious Metals Corp. | 116 | 1,475 | |
TOTAL CANADA | 665,594 | ||
Chile - 0.1% | |||
Antofagasta PLC | 315 | 5,150 | |
Lundin Mining Corp. | 609 | 3,803 | |
TOTAL CHILE | 8,953 | ||
China - 0.1% | |||
BOC Hong Kong (Holdings) Ltd. | 2,005 | 5,302 | |
Prosus NV | 156 | 4,363 | |
TOTAL CHINA | 9,665 | ||
Denmark - 3.3% | |||
Carlsberg A/S Series B | 34 | 4,052 | |
DSV A/S | 217 | 32,363 | |
Genmab A/S (a) | 13 | 3,675 | |
Novo Nordisk A/S Series B | 1,686 | 162,659 | |
Novozymes A/S Series B | 50 | 2,244 | |
ORSTED A/S (b) | 21 | 1,015 | |
Pandora A/S | 53 | 5,997 | |
Vestas Wind Systems A/S (a) | 702 | 15,216 | |
TOTAL DENMARK | 227,221 | ||
Finland - 1.0% | |||
Kesko Oyj | 262 | 4,426 | |
Metso Corp. | 768 | 6,750 | |
Musti Group OYJ | 98 | 1,930 | |
Neste OYJ | 277 | 9,294 | |
Nokia Corp. | 2,645 | 8,810 | |
Nordea Bank Abp | 2,138 | 22,467 | |
UPM-Kymmene Corp. | 124 | 4,168 | |
Wartsila Corp. | 608 | 7,231 | |
TOTAL FINLAND | 65,076 | ||
France - 10.5% | |||
Air Liquide SA | 143 | 24,503 | |
Airbus Group NV | 376 | 50,413 | |
ALTEN | 175 | 20,609 | |
AXA SA | 1,304 | 38,638 | |
BNP Paribas SA | 510 | 29,327 | |
Capgemini SA | 195 | 34,462 | |
Compagnie Generale des Etablissements Michelin SCA Series B | 821 | 24,391 | |
Covivio | 257 | 10,986 | |
Danone SA | 289 | 17,193 | |
Dassault Systemes SA | 443 | 18,249 | |
Edenred SA | 772 | 41,039 | |
EssilorLuxottica SA | 64 | 11,555 | |
Exclusive Networks SA (a) | 123 | 1,955 | |
Gecina SA | 64 | 6,271 | |
Hermes International SCA | 2 | 3,724 | |
Kering SA | 14 | 5,694 | |
L'Oreal SA | 78 | 32,786 | |
Lectra | 333 | 8,421 | |
Legrand SA | 324 | 28,028 | |
LVMH Moet Hennessy Louis Vuitton SE | 195 | 139,606 | |
Pernod Ricard SA | 89 | 15,774 | |
Societe Generale Series A | 699 | 15,708 | |
Stef SA | 25 | 2,688 | |
Teleperformance | 45 | 5,150 | |
Thermador Groupe SA | 36 | 2,556 | |
TotalEnergies SE | 1,752 | 117,134 | |
Valeo SA | 647 | 8,516 | |
Worldline SA (a)(b) | 116 | 1,470 | |
TOTAL FRANCE | 716,846 | ||
Germany - 5.5% | |||
adidas AG | 15 | 2,654 | |
Allianz SE | 78 | 18,271 | |
Commerzbank AG | 615 | 6,605 | |
Covestro AG (a)(b) | 7 | 353 | |
Deutsche Borse AG | 275 | 45,264 | |
Deutsche Lufthansa AG (a) | 589 | 4,116 | |
DHL Group | 268 | 10,424 | |
Fresenius SE & Co. KGaA | 151 | 3,873 | |
GEA Group AG | 276 | 9,412 | |
Hannover Reuck SE | 151 | 33,281 | |
Henkel AG & Co. KGaA | 230 | 14,536 | |
Infineon Technologies AG | 1,023 | 29,882 | |
LEG Immobilien AG (a) | 85 | 5,292 | |
Merck KGaA | 226 | 34,040 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 102 | 40,850 | |
Puma AG | 79 | 4,455 | |
Rheinmetall AG | 126 | 36,050 | |
SAP SE | 246 | 32,997 | |
Siemens AG | 286 | 37,952 | |
Siemens Healthineers AG (b) | 83 | 4,068 | |
Zalando SE (a)(b) | 94 | 2,187 | |
TOTAL GERMANY | 376,562 | ||
Greece - 0.0% | |||
Mytilineos SA | 59 | 2,184 | |
Hong Kong - 1.1% | |||
AIA Group Ltd. | 3,594 | 31,210 | |
Hang Seng Bank Ltd. | 501 | 5,728 | |
Hong Kong Exchanges and Clearing Ltd. | 203 | 7,101 | |
MTR Corp. Ltd. | 3,512 | 13,129 | |
Prudential PLC | 1,382 | 14,451 | |
Swire Pacific Ltd. (A Shares) | 518 | 3,309 | |
Swire Properties Ltd. | 432 | 836 | |
TOTAL HONG KONG | 75,764 | ||
India - 0.3% | |||
HDFC Bank Ltd. sponsored ADR | 367 | 20,754 | |
Indonesia - 0.2% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 25,400 | 7,942 | |
PT Selamat Sempurna Tbk | 15,200 | 2,076 | |
TOTAL INDONESIA | 10,018 | ||
Ireland - 0.5% | |||
Bank of Ireland Group PLC | 1,197 | 10,702 | |
Kerry Group PLC Class A | 105 | 8,097 | |
Kingspan Group PLC (Ireland) | 262 | 17,598 | |
TOTAL IRELAND | 36,397 | ||
Israel - 0.4% | |||
Bank Hapoalim BM (Reg.) | 127 | 907 | |
Elbit Systems Ltd. (Israel) | 30 | 5,569 | |
Ituran Location & Control Ltd. | 143 | 3,536 | |
NICE Ltd. (a) | 21 | 3,245 | |
NICE Ltd. sponsored ADR (a) | 72 | 11,113 | |
Wix.com Ltd. (a) | 68 | 5,433 | |
TOTAL ISRAEL | 29,803 | ||
Italy - 2.1% | |||
Assicurazioni Generali SpA | 1,717 | 34,055 | |
Banca Generali SpA | 55 | 1,782 | |
BFF Bank SpA (b) | 235 | 2,257 | |
Enel SpA | 646 | 4,101 | |
Eni SpA | 917 | 14,991 | |
GVS SpA (a)(b) | 271 | 1,210 | |
Industrie de Nora SpA | 119 | 1,678 | |
Intesa Sanpaolo SpA | 6,611 | 17,227 | |
Prada SpA | 2,240 | 13,494 | |
Recordati SpA | 269 | 12,410 | |
Terna - Rete Elettrica Nazionale | 293 | 2,240 | |
UniCredit SpA | 1,610 | 40,362 | |
TOTAL ITALY | 145,807 | ||
Japan - 15.8% | |||
Ajinomoto Co., Inc. | 504 | 18,407 | |
Ana Holdings, Inc. (a) | 400 | 7,853 | |
Asahi Kasei Corp. | 3,102 | 19,070 | |
Astellas Pharma, Inc. | 296 | 3,744 | |
BayCurrent Consulting, Inc. | 96 | 2,410 | |
Bridgestone Corp. | 201 | 7,607 | |
Capcom Co. Ltd. | 198 | 6,373 | |
Curves Holdings Co. Ltd. | 1,018 | 4,441 | |
Daifuku Co. Ltd. | 400 | 6,609 | |
Daiichi Sankyo Kabushiki Kaisha | 206 | 5,312 | |
Daiwa Securities Group, Inc. | 5,189 | 29,922 | |
DENSO Corp. | 400 | 5,907 | |
Dexerials Corp. | 100 | 2,281 | |
Eisai Co. Ltd. | 201 | 10,649 | |
Elan Corp. | 207 | 1,023 | |
ENEOS Holdings, Inc. | 999 | 3,702 | |
FANUC Corp. | 591 | 14,667 | |
Fast Retailing Co. Ltd. | 100 | 22,140 | |
FUJIFILM Holdings Corp. | 497 | 27,185 | |
Fujitsu Ltd. | 201 | 26,039 | |
Hankyu Hanshin Holdings, Inc. | 700 | 22,025 | |
Hitachi Ltd. | 800 | 50,709 | |
Honda Motor Co. Ltd. | 1,782 | 18,263 | |
Hoya Corp. | 704 | 67,773 | |
Ibiden Co. Ltd. | 390 | 16,628 | |
Itochu Corp. | 1,477 | 53,203 | |
JFE Holdings, Inc. | 378 | 5,267 | |
KDDI Corp. | 798 | 23,872 | |
Koshidaka Holdings Co. Ltd. | 592 | 4,212 | |
Kubota Corp. | 594 | 7,989 | |
Kurita Water Industries Ltd. | 200 | 6,077 | |
LIXIL Group Corp. | 600 | 6,579 | |
LY Corp. | 1,100 | 2,804 | |
Marubeni Corp. | 689 | 10,074 | |
MatsukiyoCocokara & Co. | 300 | 5,263 | |
Minebea Mitsumi, Inc. | 298 | 4,672 | |
Mitsubishi Heavy Industries Ltd. | 94 | 4,841 | |
Mitsui Chemicals, Inc. | 99 | 2,495 | |
Miura Co. Ltd. | 101 | 1,958 | |
NEC Corp. | 97 | 4,671 | |
Nitto Denko Corp. | 96 | 6,212 | |
Nomura Holdings, Inc. | 797 | 3,079 | |
Nomura Research Institute Ltd. | 397 | 10,421 | |
OMRON Corp. | 300 | 10,748 | |
Oriental Land Co. Ltd. | 301 | 9,736 | |
ORIX Corp. | 1,180 | 21,460 | |
Panasonic Holdings Corp. | 200 | 1,755 | |
Persol Holdings Co. Ltd. | 4,000 | 5,998 | |
Rakuten Group, Inc. | 1,296 | 4,794 | |
Recruit Holdings Co. Ltd. | 979 | 28,071 | |
Renesas Electronics Corp. (a) | 1,682 | 22,094 | |
San-Ai Obbli Co. Ltd. | 200 | 2,160 | |
Seiko Epson Corp. | 300 | 4,165 | |
Sekisui Chemical Co. Ltd. | 298 | 4,082 | |
SG Holdings Co. Ltd. | 791 | 11,212 | |
Shin-Etsu Chemical Co. Ltd. | 1,200 | 35,884 | |
Shionogi & Co. Ltd. | 2 | 93 | |
SoftBank Corp. | 1,400 | 15,830 | |
SoftBank Group Corp. | 99 | 4,054 | |
Sompo Holdings, Inc. | 298 | 12,909 | |
Sony Group Corp. | 691 | 57,449 | |
Sumitomo Chemical Co. Ltd. | 6,182 | 15,713 | |
Sumitomo Metal Mining Co. Ltd. | 199 | 5,590 | |
Sysmex Corp. | 201 | 9,628 | |
T&D Holdings, Inc. | 300 | 5,352 | |
TDK Corp. | 99 | 3,704 | |
TIS, Inc. | 496 | 10,622 | |
Tokio Marine Holdings, Inc. | 2,575 | 57,609 | |
Tokyo Electron Ltd. | 200 | 26,428 | |
Tokyo Gas Co. Ltd. | 97 | 2,178 | |
Toray Industries, Inc. | 2,997 | 14,499 | |
Toyota Motor Corp. | 3,300 | 57,729 | |
USS Co. Ltd. | 304 | 5,314 | |
YAKUODO Holdings Co. Ltd. | 100 | 1,842 | |
Yamaha Corp. | 399 | 10,657 | |
Yamaha Motor Co. Ltd. | 702 | 17,155 | |
Yaskawa Electric Corp. | 396 | 12,962 | |
Yokogawa Electric Corp. | 360 | 6,536 | |
TOTAL JAPAN | 1,080,440 | ||
Korea (South) - 0.2% | |||
Samsung Electronics Co. Ltd. | 303 | 15,059 | |
Netherlands - 5.5% | |||
Adyen BV (a)(b) | 1 | 674 | |
Akzo Nobel NV | 172 | 11,513 | |
ASM International NV (Netherlands) | 32 | 13,154 | |
ASML Holding NV (Netherlands) | 293 | 176,131 | |
BE Semiconductor Industries NV | 24 | 2,471 | |
ING Groep NV (Certificaten Van Aandelen) | 667 | 8,551 | |
Koninklijke KPN NV | 4,145 | 13,932 | |
Shell PLC: | |||
ADR | 1,212 | 78,950 | |
(London) | 572 | 18,434 | |
TKH Group NV (bearer) (depositary receipt) | 32 | 1,167 | |
Topicus.Com, Inc. (a) | 20 | 1,317 | |
Universal Music Group NV | 343 | 8,400 | |
Wolters Kluwer NV | 296 | 37,928 | |
TOTAL NETHERLANDS | 372,622 | ||
New Zealand - 0.1% | |||
Meridian Energy Ltd. | 696 | 1,960 | |
Xero Ltd. (a) | 68 | 4,649 | |
TOTAL NEW ZEALAND | 6,609 | ||
Norway - 1.0% | |||
DNB Bank ASA | 768 | 13,839 | |
Equinor ASA | 573 | 19,209 | |
Gjensidige Forsikring ASA | 478 | 7,159 | |
Kongsberg Gruppen ASA | 271 | 11,062 | |
Norsk Hydro ASA | 578 | 3,296 | |
Orkla ASA | 425 | 2,927 | |
Schibsted ASA (B Shares) | 285 | 5,281 | |
Telenor ASA | 444 | 4,537 | |
Volue A/S (a) | 594 | 996 | |
TOTAL NORWAY | 68,306 | ||
Portugal - 0.3% | |||
Galp Energia SGPS SA Class B | 1,347 | 20,253 | |
Singapore - 0.9% | |||
CapitaLand Investment Ltd. | 2,633 | 5,654 | |
City Developments Ltd. | 2,111 | 9,744 | |
Keppel (REIT) (c) | 722 | 419 | |
Keppel Corp. Ltd. | 3,610 | 16,387 | |
STMicroelectronics NV (France) | 365 | 13,914 | |
United Overseas Bank Ltd. | 705 | 13,906 | |
TOTAL SINGAPORE | 60,024 | ||
South Africa - 0.2% | |||
Anglo American PLC (United Kingdom) | 608 | 15,492 | |
Spain - 2.0% | |||
Amadeus IT Holding SA Class A | 1,134 | 64,578 | |
Banco Bilbao Vizcaya Argentaria SA | 1,357 | 10,676 | |
Banco Santander SA (Spain) | 9,926 | 36,402 | |
Corp. ACCIONA Energias Renovables SA | 125 | 3,383 | |
Iberdrola SA | 131 | 1,457 | |
Industria de Diseno Textil SA | 173 | 5,958 | |
Naturgy Energy Group SA | 374 | 10,566 | |
Redeia Corp. SA | 324 | 5,041 | |
TOTAL SPAIN | 138,061 | ||
Sweden - 3.5% | |||
Addlife AB | 216 | 1,407 | |
AddTech AB (B Shares) | 1,347 | 19,718 | |
Alfa Laval AB | 131 | 4,232 | |
ASSA ABLOY AB (B Shares) | 652 | 13,897 | |
Atlas Copco AB (A Shares) | 5,182 | 67,102 | |
Autoliv, Inc. | 156 | 14,297 | |
Bergman & Beving AB (B Shares) | 290 | 3,887 | |
Boliden AB | 464 | 11,878 | |
Dometic Group AB (b) | 239 | 1,471 | |
Epiroc AB (A Shares) | 1,559 | 25,684 | |
EQT AB | 31 | 563 | |
Essity AB (B Shares) | 138 | 3,144 | |
H&M Hennes & Mauritz AB (B Shares) | 161 | 2,153 | |
Hemnet Group AB | 266 | 4,616 | |
Indutrade AB | 634 | 11,198 | |
Investor AB (B Shares) | 113 | 2,069 | |
INVISIO AB | 351 | 5,270 | |
Nibe Industrier AB (B Shares) | 292 | 1,679 | |
Sandvik AB | 124 | 2,112 | |
Svenska Cellulosa AB SCA (B Shares) | 648 | 8,879 | |
Svenska Handelsbanken AB (A Shares) | 681 | 5,806 | |
Swedbank AB (A Shares) | 155 | 2,538 | |
Tele2 AB (B Shares) | 848 | 6,012 | |
Telia Co. AB | 4,674 | 9,909 | |
Volvo AB (A Shares) | 425 | 8,506 | |
TOTAL SWEDEN | 238,027 | ||
Switzerland - 3.8% | |||
ABB Ltd. (Reg.) | 1,112 | 37,361 | |
Alcon, Inc. (Switzerland) | 226 | 16,104 | |
Banque Cantonale Vaudoise | 12 | 1,353 | |
Compagnie Financiere Richemont SA Series A | 235 | 27,724 | |
DSM-Firmenich AG | 94 | 8,513 | |
Geberit AG (Reg.) | 8 | 3,710 | |
Givaudan SA | 4 | 13,280 | |
Kardex AG | 15 | 2,892 | |
Kuehne & Nagel International AG | 56 | 15,052 | |
Logitech International SA (Reg.) | 163 | 12,751 | |
Novartis AG | 22 | 2,060 | |
Partners Group Holding AG | 10 | 10,518 | |
Sandoz Group AG | 4 | 104 | |
SGS SA (Reg.) | 114 | 9,271 | |
Sig Group AG | 512 | 11,251 | |
Straumann Holding AG | 23 | 2,704 | |
Swiss Life Holding AG | 23 | 14,710 | |
Tecan Group AG | 21 | 6,012 | |
Temenos Group AG | 108 | 7,734 | |
VAT Group AG (b) | 19 | 6,699 | |
Zurich Insurance Group Ltd. | 103 | 48,757 | |
TOTAL SWITZERLAND | 258,560 | ||
Taiwan - 0.3% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 239 | 20,628 | |
United Kingdom - 10.5% | |||
3i Group PLC | 1,209 | 28,505 | |
Ashtead Group PLC | 200 | 11,435 | |
AstraZeneca PLC (United Kingdom) | 625 | 78,252 | |
B&M European Value Retail SA | 837 | 5,380 | |
BAE Systems PLC | 7,077 | 95,160 | |
Barratt Developments PLC | 2,637 | 13,266 | |
Beazley PLC | 1,193 | 7,460 | |
Berkeley Group Holdings PLC | 49 | 2,404 | |
Bodycote PLC | 385 | 2,686 | |
Burberry Group PLC | 226 | 4,648 | |
CNH Industrial NV | 896 | 9,921 | |
Compass Group PLC | 2,343 | 59,070 | |
Croda International PLC | 154 | 8,195 | |
DCC PLC (United Kingdom) | 187 | 10,376 | |
Dechra Pharmaceuticals PLC | 79 | 3,656 | |
Deliveroo PLC Class A (a)(b) | 1,122 | 1,773 | |
Diageo PLC | 1,238 | 46,816 | |
Diploma PLC | 280 | 9,672 | |
Entain PLC | 139 | 1,572 | |
Hill & Smith Holdings PLC | 104 | 2,083 | |
Howden Joinery Group PLC | 793 | 6,146 | |
Informa PLC | 574 | 4,965 | |
InterContinental Hotel Group PLC ADR | 293 | 21,134 | |
J Sainsbury PLC | 2,740 | 8,569 | |
Johnson Matthey PLC | 317 | 5,756 | |
Kingfisher PLC | 2,981 | 7,612 | |
Lloyds Banking Group PLC | 19,622 | 9,550 | |
London Stock Exchange Group PLC | 200 | 20,179 | |
NatWest Group PLC | 4,109 | 8,940 | |
On The Beach Group PLC (a)(b) | 1,107 | 1,278 | |
RELX PLC (London Stock Exchange) | 1,682 | 58,748 | |
Rentokil Initial PLC | 2,288 | 11,652 | |
Rightmove PLC | 1,375 | 7,905 | |
Sage Group PLC | 3,631 | 42,835 | |
Schroders PLC | 3,007 | 13,497 | |
Segro PLC | 991 | 8,586 | |
Spectris PLC | 831 | 31,311 | |
Spirax-Sarco Engineering PLC | 14 | 1,394 | |
SSE PLC | 230 | 4,565 | |
St. James's Place PLC | 655 | 5,092 | |
Standard Chartered PLC (United Kingdom) | 3,685 | 28,217 | |
Synthomer PLC (a) | 22 | 51 | |
Taylor Wimpey PLC | 1,056 | 1,422 | |
Ten Entertainment Group PLC | 209 | 749 | |
Unilever PLC | 86 | 4,073 | |
TOTAL UNITED KINGDOM | 716,556 | ||
United States of America - 12.9% | |||
CBRE Group, Inc. (a) | 245 | 16,988 | |
CDW Corp. | 74 | 14,830 | |
CRH PLC | 769 | 41,195 | |
CRH PLC | 873 | 46,911 | |
CyberArk Software Ltd. (a) | 35 | 5,727 | |
Eneti, Inc. | 187 | 1,898 | |
Experian PLC | 1,064 | 32,215 | |
Ferguson PLC | 236 | 35,368 | |
ICON PLC (a) | 81 | 19,761 | |
James Hardie Industries PLC CDI (a) | 85 | 2,121 | |
Linde PLC | 310 | 118,470 | |
Marsh & McLennan Companies, Inc. | 394 | 74,722 | |
MasterCard, Inc. Class A | 85 | 31,990 | |
Microsoft Corp. | 51 | 17,244 | |
Moody's Corp. | 96 | 29,568 | |
Morningstar, Inc. | 28 | 7,091 | |
MSCI, Inc. | 60 | 28,293 | |
Nestle SA (Reg. S) | 1,001 | 107,947 | |
NOV, Inc. | 588 | 11,736 | |
Otis Worldwide Corp. | 66 | 5,096 | |
PriceSmart, Inc. | 53 | 3,312 | |
ResMed, Inc. | 115 | 16,240 | |
Roche Holding AG (participation certificate) | 29 | 7,474 | |
S&P Global, Inc. | 143 | 49,951 | |
Sanofi SA | 320 | 29,058 | |
Schneider Electric SA | 277 | 42,618 | |
Sherwin-Williams Co. | 86 | 20,486 | |
Swiss Re Ltd. | 155 | 16,890 | |
Synopsys, Inc. (a) | 28 | 13,144 | |
Thermo Fisher Scientific, Inc. | 12 | 5,337 | |
Visa, Inc. Class A | 129 | 30,328 | |
TOTAL UNITED STATES OF AMERICA | 884,009 | ||
TOTAL COMMON STOCKS (Cost $7,087,949) | 6,561,998 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Germany - 0.0% | |||
Sartorius AG (non-vtg.) (Cost $3,970) | 12 | 2,999 | |
Money Market Funds - 3.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) (Cost $246,454) | 246,405 | 246,454 | |
TOTAL INVESTMENT IN SECURITIES - 99.5% (Cost $7,338,373) | 6,811,451 |
NET OTHER ASSETS (LIABILITIES) - 0.5% | 32,951 |
NET ASSETS - 100.0% | 6,844,402 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI EAFE Index Contracts (United States) | 2 | Dec 2023 | 197,410 | (335) | (335) |
The notional amount of futures purchased as a percentage of Net Assets is 2.9% |
(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 $25,736 or 0.4% of net assets. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | - | 7,501,259 | 7,254,805 | 9,251 | - | - | 246,454 | 0.0% |
Total | - | 7,501,259 | 7,254,805 | 9,251 | - | - | 246,454 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 124,930 | 34,340 | 90,590 | - |
Consumer Discretionary | 718,535 | 207,627 | 510,908 | - |
Consumer Staples | 370,411 | 117,496 | 252,915 | - |
Energy | 447,126 | 238,325 | 208,801 | - |
Financials | 1,516,056 | 983,794 | 532,262 | - |
Health Care | 541,814 | 147,344 | 394,470 | - |
Industrials | 1,359,016 | 548,314 | 810,702 | - |
Information Technology | 775,640 | 269,965 | 505,675 | - |
Materials | 587,656 | 411,867 | 175,789 | - |
Real Estate | 81,928 | 49,579 | 32,349 | - |
Utilities | 41,885 | 31,174 | 10,711 | - |
Money Market Funds | 246,454 | 246,454 | - | - |
Total Investments in Securities: | 6,811,451 | 3,286,279 | 3,525,172 | - |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (335) | (335) | - | - |
Total Liabilities | (335) | (335) | - | - |
Total Derivative Instruments: | (335) | (335) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (335) |
Total Equity Risk | 0 | (335) |
Total Value of Derivatives | 0 | (335) |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $7,091,919) | $ | 6,564,997 | ||
Fidelity Central Funds (cost $246,454) | 246,454 | |||
Total Investment in Securities (cost $7,338,373) | $ | 6,811,451 | ||
Segregated cash with brokers for derivative instruments | 6,340 | |||
Foreign currency held at value (cost $1,193) | 1,190 | |||
Receivable for fund shares sold | 14,436 | |||
Dividends receivable | 15,655 | |||
Interest receivable | 9 | |||
Distributions receivable from Fidelity Central Funds | 671 | |||
Receivable for daily variation margin on futures contracts | 590 | |||
Total assets | 6,850,342 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 422 | ||
Payable for fund shares redeemed | 518 | |||
Custody fee payable | 4,976 | |||
Other payables and accrued expenses | 24 | |||
Total Liabilities | 5,940 | |||
Net Assets | $ | 6,844,402 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 7,341,596 | ||
Total accumulated earnings (loss) | (497,194) | |||
Net Assets | $ | 6,844,402 | ||
Net Asset Value, offering price and redemption price per share ($6,844,402 ÷ 732,893 shares) | $ | 9.34 |
Statement of Operations | ||||
For the period May 11, 2023 (commencement of operations) through October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 72,495 | ||
Interest | 142 | |||
Income from Fidelity Central Funds | 9,251 | |||
Income before foreign taxes withheld | $ | 81,888 | ||
Less foreign taxes withheld | (8,303) | |||
Total Income | 73,585 | |||
Expenses | ||||
Custodian fees and expenses | $ | 9,047 | ||
Independent trustees' fees and expenses | 11 | |||
Total expenses before reductions | 9,058 | |||
Expense reductions | (8,724) | |||
Total expenses after reductions | 334 | |||
Net Investment income (loss) | 73,251 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (24,017) | |||
Foreign currency transactions | (259) | |||
Futures contracts | (18,741) | |||
Total net realized gain (loss) | (43,017) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (526,922) | |||
Assets and liabilities in foreign currencies | (172) | |||
Futures contracts | (335) | |||
Total change in net unrealized appreciation (depreciation) | (527,429) | |||
Net gain (loss) | (570,446) | |||
Net increase (decrease) in net assets resulting from operations | $ | (497,195) |
Statement of Changes in Net Assets | ||
For the period May 11, 2023 (commencement of operations) through October 31, 2023 | ||
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $ | 73,251 |
Net realized gain (loss) | (43,017) | |
Change in net unrealized appreciation (depreciation) | (527,429) | |
Net increase (decrease) in net assets resulting from operations | (497,195) | |
Share transactions | ||
Proceeds from sales of shares | 7,829,024 | |
Cost of shares redeemed | (487,427) | |
Net increase (decrease) in net assets resulting from share transactions | 7,341,597 | |
Total increase (decrease) in net assets | 6,844,402 | |
Net Assets | ||
Beginning of period | - | |
End of period | $ | 6,844,402 |
Other Information | ||
Shares | ||
Sold | 782,048 | |
Redeemed | (49,155) | |
Net increase (decrease) | 732,893 | |
Fidelity® Series Sustainable Non-U.S. Developed Markets Fund |
Years ended October 31, | 2023 A | |
Selected Per-Share Data | ||
Net asset value, beginning of period | $ | 10.00 |
Income from Investment Operations | ||
Net investment income (loss) B,C | .11 | |
Net realized and unrealized gain (loss) | (.77) | |
Total from investment operations | (.66) | |
Net asset value, end of period | $ | 9.34 |
Total Return D,E | (6.60)% | |
Ratios to Average Net Assets C,F,G | ||
Expenses before reductions | .29% H | |
Expenses net of fee waivers, if any | .01% H | |
Expenses net of all reductions | .01% H | |
Net investment income (loss) | 2.35% H | |
Supplemental Data | ||
Net assets, end of period (000 omitted) | $ | 6,844 |
Portfolio turnover rate I | 8% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Tax cost | Gross unrealized appreciation | Gross unrealized depreciation | Net unrealized appreciation (depreciation) | |
Fidelity Series Sustainable Emerging Markets Fund | $4,512,089 | $143,782 | $ (382,107) | $ (238,325) |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 7,341,762 | 166,838 | (697,149) | (530,311) |
Undistributed ordinary income | Capital loss carryforward | Net unrealized appreciation (depreciation) on securities and other investments | |
Fidelity Series Sustainable Emerging Markets Fund | $77,556 | $ (33,447) | $(238,322) |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 76,866 | (43,577) | (530,483) |
Short-term | Long-term | Total capital loss carryforward | |
Fidelity Series Sustainable Emerging Markets Fund | $(25,100) | $(8,347) | $(33,447) |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | (32,131) | (11,446) | (43,577) |
October 31, 2023A | |||||
Tax-Exempt Income | Ordinary Income | Long-term Capital Gains | Tax Return of Capital | Total | |
Fidelity Series Sustainable Emerging Markets Fund | $- | $- | $- | $- | $- |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | - | - | - | - | - |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Series Sustainable Emerging Markets Fund | 5,946,915 | 1,533,585 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 7,635,308 | 518,601 |
Amount | |
Fidelity Series Sustainable Emerging Markets Fund | $155 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 4 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Sustainable Emerging Markets Fund | 21,668 | - | - |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 39,958 | - | - |
Expense Limitations | Reimbursement | |
Fidelity Series Sustainable Emerging Markets Fund | .013% | $ 6,142 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | .013% | $ 8,634 |
Custodian credits | |
Fidelity Series Sustainable Emerging Markets Fund | $117 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 90 |
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 (May 11, 2023 to October 31, 2023) for each fund. The hypothetical expense Example is based on an investment of $1,000 invested for the one-half year period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value | Ending Account Value October 31, 2023 | Expenses Paid During Period | |||||||
Fidelity® Series Sustainable Emerging Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 962.00 | $ .05C | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05D | |||||||
Fidelity® Series Sustainable Non-U.S. Developed Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 934.00 | $ .05C | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05D | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 6.38% | 2.86% | 4.06% |
Class M (incl. 3.50% sales charge) | 8.68% | 3.06% | 4.01% |
Class C (incl. contingent deferred sales charge) | 11.06% | 3.30% | 4.04% |
Fidelity® International Small Cap Fund | 13.19% | 4.37% | 4.97% |
Class I | 13.20% | 4.38% | 4.99% |
Class Z | 13.38% | 4.52% | 5.07% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® International Small Cap Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Small Cap Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Rheinmetall AG (Germany, Aerospace & Defense) | 1.4 | |
Ashtead Technology Holdings PLC (United Kingdom, Trading Companies & Distributors) | 1.2 | |
Gruma S.A.B. de CV Series B (Mexico, Food Products) | 1.1 | |
Talanx AG (Germany, Insurance) | 1.1 | |
Renesas Electronics Corp. (Japan, Semiconductors & Semiconductor Equipment) | 1.1 | |
International Games Systems Co. Ltd. (Taiwan, Entertainment) | 1.1 | |
Mytilineos SA (Greece, Industrial Conglomerates) | 1.0 | |
Richter Gedeon PLC (Hungary, Pharmaceuticals) | 1.0 | |
Compania de Distribucion Integral Logista Holdings SA (Spain, Air Freight & Logistics) | 0.9 | |
RHI Magnesita NV (United States of America, Construction Materials) | 0.9 | |
10.8 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 19.8 | |
Consumer Discretionary | 14.0 | |
Financials | 12.5 | |
Consumer Staples | 10.8 | |
Information Technology | 9.5 | |
Materials | 8.3 | |
Health Care | 5.8 | |
Real Estate | 5.8 | |
Communication Services | 4.0 | |
Energy | 3.2 | |
Utilities | 1.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.9% | |||
Shares | Value ($) | ||
Australia - 3.5% | |||
EBOS Group Ltd. | 618,595 | 12,628,136 | |
Flight Centre Travel Group Ltd. (a) | 1,241,931 | 14,763,261 | |
GUD Holdings Ltd. | 2,849,195 | 19,375,399 | |
Imdex Ltd. | 12,986,983 | 13,622,162 | |
Inghams Group Ltd. | 13,428,082 | 31,450,439 | |
Nanosonics Ltd. (b) | 4,720,837 | 11,266,647 | |
National Storage REIT unit | 8,738,696 | 11,141,704 | |
Servcorp Ltd. (c) | 7,066,585 | 13,569,097 | |
SomnoMed Ltd. (b)(c) | 5,478,184 | 1,718,117 | |
TOTAL AUSTRALIA | 129,534,962 | ||
Austria - 2.2% | |||
EuroTeleSites AG | 2,012,735 | 6,772,366 | |
Mayr-Melnhof Karton AG | 213,300 | 25,051,893 | |
Strabag SE | 285,697 | 11,290,755 | |
Telekom Austria AG | 2,700,000 | 18,855,342 | |
Wienerberger AG | 808,900 | 19,634,279 | |
TOTAL AUSTRIA | 81,604,635 | ||
Belgium - 1.1% | |||
Econocom Group SA | 4,581,895 | 11,223,359 | |
Fagron NV | 1,586,600 | 27,834,196 | |
TOTAL BELGIUM | 39,057,555 | ||
Brazil - 1.8% | |||
Afya Ltd. (b) | 264,216 | 4,253,878 | |
Atacadao SA | 9,788,400 | 17,414,975 | |
Hypera SA (b) | 4,493,400 | 26,995,604 | |
YDUQS Participacoes SA | 5,099,500 | 17,933,086 | |
TOTAL BRAZIL | 66,597,543 | ||
Canada - 4.9% | |||
CCL Industries, Inc. Class B | 378,600 | 14,802,734 | |
Computer Modelling Group Ltd. | 3,070,263 | 20,280,230 | |
ECN Capital Corp. | 4,904,970 | 6,791,089 | |
Genesis Land Development Corp. (c) | 4,033,799 | 7,126,596 | |
Lassonde Industries, Inc. Class A (sub. vtg.) | 246,099 | 24,463,492 | |
McCoy Global, Inc. | 1,327,470 | 1,445,451 | |
North West Co., Inc. | 1,093,800 | 27,890,224 | |
Open Text Corp. | 668,096 | 22,306,000 | |
Parkland Corp. | 652,900 | 19,760,024 | |
Quebecor, Inc. Class A | 461,100 | 10,061,573 | |
Richelieu Hardware Ltd. | 303,400 | 9,075,199 | |
Total Energy Services, Inc. | 667,696 | 3,986,676 | |
VerticalScope Holdings, Inc. (b) | 677,619 | 2,428,532 | |
Western Forest Products, Inc. (c) | 17,341,175 | 9,003,531 | |
TOTAL CANADA | 179,421,351 | ||
China - 3.1% | |||
Best Pacific International Holdings Ltd. | 22,158,900 | 2,945,374 | |
Chervon Holdings Ltd. | 3,345,000 | 8,238,901 | |
Far East Horizon Ltd. | 24,099,000 | 16,956,939 | |
Impro Precision Industries Ltd. (d) | 22,065,300 | 5,947,300 | |
Precision Tsugami China Corp. Ltd. | 9,795,453 | 10,071,695 | |
Qingdao Port International Co. Ltd. (H Shares) (d) | 34,475,000 | 17,221,841 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 4,773,466 | 17,139,016 | |
Sinopharm Group Co. Ltd. (H Shares) | 6,564,000 | 15,696,383 | |
Weifu High-Technology Group Co. Ltd. (B Shares) | 7,210,386 | 8,144,375 | |
Xingda International Holdings Ltd. | 66,427,353 | 11,218,488 | |
TOTAL CHINA | 113,580,312 | ||
Denmark - 0.5% | |||
Spar Nord Bank A/S | 1,194,575 | 18,086,920 | |
Finland - 1.2% | |||
Huhtamaki Oyj (a) | 824,500 | 28,274,596 | |
Nanoform Finland PLC (b) | 546,683 | 919,728 | |
Tokmanni Group Corp. | 998,096 | 13,465,089 | |
TOTAL FINLAND | 42,659,413 | ||
France - 2.1% | |||
Altarea SCA (a) | 133,357 | 9,482,259 | |
Antin Infrastructure Partners SA | 373,955 | 4,447,463 | |
ARGAN SA | 242,000 | 16,541,489 | |
Elior SA (a)(b)(d) | 3,035,300 | 5,742,432 | |
Lectra | 361,754 | 9,148,249 | |
Maisons du Monde SA (d) | 1,033,507 | 5,190,006 | |
Thermador Groupe SA | 358,666 | 25,464,751 | |
TOTAL FRANCE | 76,016,649 | ||
Germany - 4.5% | |||
DWS Group GmbH & Co. KGaA (d) | 226,600 | 6,631,913 | |
JOST Werke AG (d) | 437,020 | 20,022,390 | |
NORMA Group AG | 623,692 | 10,968,012 | |
Rheinmetall AG | 172,725 | 49,418,392 | |
Stabilus Se | 316,900 | 20,085,182 | |
Takkt AG | 1,279,912 | 16,386,726 | |
Talanx AG | 632,867 | 39,809,894 | |
TOTAL GERMANY | 163,322,509 | ||
Greece - 1.0% | |||
Mytilineos SA | 978,216 | 36,206,061 | |
Hong Kong - 1.9% | |||
ASMPT Ltd. | 2,691,000 | 22,791,562 | |
China Metal Recycling (Holdings) Ltd. (b)(e) | 436,800 | 1 | |
HKT Trust/HKT Ltd. unit | 10,770,000 | 11,155,404 | |
Magnificent Hotel Investment Ltd. (b) | 316,412,000 | 3,623,883 | |
Pico Far East Holdings Ltd. | 61,300,071 | 10,749,517 | |
Sino Land Ltd. | 11,082,375 | 11,063,850 | |
WH Group Ltd. (d) | 19,230,500 | 11,485,092 | |
TOTAL HONG KONG | 70,869,309 | ||
Hungary - 1.0% | |||
Richter Gedeon PLC | 1,492,304 | 34,990,409 | |
India - 2.2% | |||
Embassy Office Parks (REIT) | 5,069,400 | 18,964,477 | |
IndusInd Bank Ltd. (b) | 956,800 | 16,570,229 | |
Mahanagar Gas Ltd. | 1,575,600 | 19,530,295 | |
Shriram Transport Finance Co. Ltd. | 1,092,652 | 24,648,541 | |
TOTAL INDIA | 79,713,542 | ||
Indonesia - 0.7% | |||
PT Avia Avian Tbk | 203,834,400 | 6,414,097 | |
PT Selamat Sempurna Tbk | 147,354,400 | 20,121,033 | |
TOTAL INDONESIA | 26,535,130 | ||
Ireland - 1.6% | |||
AerCap Holdings NV (b) | 286,472 | 17,795,641 | |
Dalata Hotel Group PLC | 4,560,609 | 19,350,577 | |
Irish Residential Properties REIT PLC | 15,083,700 | 14,523,657 | |
Mincon Group PLC (c) | 13,529,844 | 8,303,238 | |
TOTAL IRELAND | 59,973,113 | ||
Italy - 2.2% | |||
Banca Generali SpA | 565,700 | 18,328,127 | |
BFF Bank SpA (d) | 2,405,056 | 23,093,967 | |
MARR SpA (b) | 985,827 | 11,682,760 | |
Recordati SpA | 552,011 | 25,466,012 | |
TOTAL ITALY | 78,570,866 | ||
Japan - 19.2% | |||
Amano Corp. | 980,150 | 20,020,862 | |
Arcland Sakamoto Co. Ltd. | 2,098,534 | 22,478,599 | |
ASKUL Corp. | 1,561,100 | 20,379,206 | |
Capcom Co. Ltd. | 595,900 | 19,181,621 | |
Central Automotive Products Ltd. | 428,800 | 9,603,682 | |
DaikyoNishikawa Corp. | 2,441,100 | 12,210,933 | |
Dexerials Corp. | 783,200 | 17,865,044 | |
Dip Corp. | 587,900 | 11,651,812 | |
Funai Soken Holdings, Inc. | 1,128,800 | 18,552,855 | |
GMO Internet, Inc. | 1,142,200 | 16,635,889 | |
Hokuhoku Financial Group, Inc. | 1,100,000 | 12,842,591 | |
Inaba Denki Sangyo Co. Ltd. | 1,225,400 | 25,553,133 | |
Isuzu Motors Ltd. | 1,623,900 | 18,107,543 | |
Justsystems Corp. | 510,200 | 9,091,992 | |
Kamigumi Co. Ltd. | 1,341,300 | 27,210,352 | |
Kansai Electric Power Co., Inc. | 1,995,800 | 25,553,909 | |
Kyoto Financial Group, Inc. | 292,600 | 16,588,610 | |
Maruwa Ceramic Co. Ltd. | 157,000 | 27,547,769 | |
Meitec Group Holdings, Inc. | 958,100 | 16,862,650 | |
Minebea Mitsumi, Inc. | 1,087,200 | 17,046,538 | |
Mitani Shoji Co. Ltd. | 1,094,900 | 10,036,168 | |
Nishimoto Co. Ltd. | 366,100 | 14,521,294 | |
NOF Corp. | 709,900 | 28,006,226 | |
NSD Co. Ltd. | 1,364,400 | 23,739,047 | |
PALTAC Corp. | 697,700 | 22,616,978 | |
Park24 Co. Ltd. (b) | 767,700 | 8,648,758 | |
Persol Holdings Co. Ltd. | 11,078,000 | 16,610,530 | |
Prestige International, Inc. | 2,099,100 | 8,520,459 | |
Relo Group, Inc. | 1,325,000 | 13,136,160 | |
Renesas Electronics Corp. (b) | 2,989,700 | 39,271,564 | |
Roland Corp. | 726,500 | 21,006,001 | |
S Foods, Inc. | 1,137,623 | 24,064,934 | |
San-Ai Obbli Co. Ltd. | 1,799,200 | 19,426,857 | |
Ship Healthcare Holdings, Inc. | 1,454,200 | 22,451,552 | |
Sumco Corp. | 1,248,900 | 16,138,477 | |
TIS, Inc. | 679,300 | 14,547,110 | |
TKC Corp. | 301,500 | 7,033,097 | |
Tsuruha Holdings, Inc. (a) | 374,200 | 27,487,499 | |
TOTAL JAPAN | 702,248,301 | ||
Korea (South) - 1.6% | |||
Hyundai Marine & Fire Insurance Co. Ltd. | 546,046 | 12,718,719 | |
Soulbrain Co. Ltd. | 158,300 | 27,295,251 | |
Vitzrocell Co. Ltd. (c) | 1,372,541 | 17,271,915 | |
TOTAL KOREA (SOUTH) | 57,285,885 | ||
Mexico - 4.2% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 10,383,882 | 16,190,078 | |
GCC S.A.B. de CV | 2,930,800 | 26,095,808 | |
Genomma Lab Internacional SA de CV | 17,396,561 | 13,045,732 | |
Gruma S.A.B. de CV Series B | 2,317,600 | 40,329,505 | |
Grupo Comercial Chedraui S.A.B. de CV | 5,130,600 | 29,786,450 | |
Qualitas Controladora S.A.B. de CV | 3,581,235 | 29,579,106 | |
TOTAL MEXICO | 155,026,679 | ||
Netherlands - 1.2% | |||
Acomo NV | 874,199 | 17,852,306 | |
Arcadis NV | 406,750 | 17,180,856 | |
Van Lanschot Kempen NV (Bearer) | 283,041 | 7,591,962 | |
TOTAL NETHERLANDS | 42,625,124 | ||
Norway - 1.5% | |||
Europris ASA (d) | 4,507,200 | 25,519,799 | |
Selvaag Bolig ASA | 2,186,000 | 5,205,251 | |
Sparebanken Midt-Norge | 2,032,500 | 24,635,371 | |
TOTAL NORWAY | 55,360,421 | ||
Peru - 0.4% | |||
Intercorp Financial Services, Inc. | 683,100 | 12,828,618 | |
Philippines - 1.3% | |||
Century Pacific Food, Inc. | 59,549,800 | 29,322,843 | |
Robinsons Land Corp. | 78,319,100 | 19,207,692 | |
TOTAL PHILIPPINES | 48,530,535 | ||
Romania - 0.6% | |||
Banca Transilvania SA | 4,760,605 | 22,576,096 | |
Singapore - 1.7% | |||
Boustead Singapore Ltd. | 13,666,712 | 8,134,251 | |
HRnetgroup Ltd. | 30,633,200 | 15,425,758 | |
Mapletree Industrial (REIT) | 14,230,731 | 22,369,330 | |
The Hour Glass Ltd. | 12,996,880 | 15,803,861 | |
TOTAL SINGAPORE | 61,733,200 | ||
Spain - 3.6% | |||
Cie Automotive SA | 852,000 | 21,690,119 | |
Compania de Distribucion Integral Logista Holdings SA | 1,388,500 | 34,055,403 | |
Grupo Catalana Occidente SA | 733,122 | 23,465,421 | |
Indra Sistemas SA | 1,941,877 | 27,224,776 | |
Prosegur Compania de Seguridad SA (Reg.) | 6,982,481 | 10,432,086 | |
Viscofan Envolturas Celulosicas SA | 268,900 | 15,534,961 | |
TOTAL SPAIN | 132,402,766 | ||
Sweden - 1.4% | |||
Alligo AB (B Shares) | 866,597 | 6,800,828 | |
Granges AB | 1,987,476 | 19,104,782 | |
Haypp Group (b) | 1,154,900 | 4,645,486 | |
HEXPOL AB (B Shares) | 1,875,600 | 16,584,327 | |
Nordnet AB | 376,000 | 5,305,287 | |
TOTAL SWEDEN | 52,440,710 | ||
Switzerland - 0.5% | |||
Anhui Heli Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 1/5/24 (b)(d) | 8,014,256 | 18,457,253 | |
Taiwan - 3.3% | |||
International Games Systems Co. Ltd. | 2,037,000 | 39,232,782 | |
Lumax International Corp. Ltd. | 4,537,292 | 11,372,799 | |
Sporton International, Inc. | 1,966,977 | 12,974,422 | |
Test Research, Inc. | 7,892,000 | 14,640,416 | |
Tripod Technology Corp. | 4,536,000 | 23,204,681 | |
Yageo Corp. | 845,578 | 13,775,301 | |
Yung Chi Paint & Varnish Manufacturing Co. Ltd. | 2,538,000 | 5,732,177 | |
TOTAL TAIWAN | 120,932,578 | ||
Thailand - 0.4% | |||
Star Petroleum Refining PCL (For. Reg.) | 70,104,800 | 14,373,470 | |
United Kingdom - 15.3% | |||
Alliance Pharma PLC (a) | 18,161,527 | 8,840,808 | |
Ashtead Technology Holdings PLC (c) | 7,272,000 | 42,426,011 | |
B&M European Value Retail SA | 4,638,800 | 29,814,957 | |
Bodycote PLC | 1,967,871 | 13,729,212 | |
Cranswick PLC | 450,000 | 19,110,520 | |
DCC PLC (United Kingdom) | 420,200 | 23,314,920 | |
Direct Line Insurance Group PLC (b) | 8,403,700 | 15,454,201 | |
Grainger Trust PLC | 6,741,166 | 18,632,133 | |
Harbour Energy PLC | 4,471,994 | 13,795,261 | |
Hiscox Ltd. | 2,484,148 | 28,321,575 | |
Indivior PLC (b) | 731,500 | 14,003,351 | |
Informa PLC | 2,889,633 | 24,992,847 | |
J.D. Wetherspoon PLC (b) | 2,015,900 | 15,485,426 | |
Jet2 PLC | 1,762,100 | 21,460,279 | |
John Wood Group PLC (b) | 12,397,900 | 21,382,950 | |
Lancashire Holdings Ltd. | 2,100,900 | 14,504,101 | |
LSL Property Services PLC | 4,204,235 | 12,059,688 | |
Luxfer Holdings PLC sponsored | 1,079,659 | 8,928,780 | |
Mears Group PLC (c) | 7,409,314 | 23,189,551 | |
On The Beach Group PLC (b)(d) | 6,731,236 | 7,772,407 | |
Pets At Home Group PLC | 2,742,500 | 9,360,108 | |
Premier Foods PLC | 17,360,500 | 24,730,161 | |
Rathbone Brothers PLC | 846,400 | 15,410,778 | |
RS GROUP PLC | 2,280,653 | 18,772,117 | |
Sabre Insurance Group PLC (d) | 9,562,200 | 17,084,893 | |
Savills PLC | 2,052,000 | 19,641,064 | |
Tate & Lyle PLC | 3,343,443 | 25,622,182 | |
Ten Entertainment Group PLC (c) | 5,931,311 | 21,267,175 | |
Vistry Group PLC | 1,740,898 | 14,959,940 | |
WH Smith PLC | 1,159,600 | 16,349,455 | |
TOTAL UNITED KINGDOM | 560,416,851 | ||
United States of America - 3.2% | |||
Adient PLC (b) | 485,600 | 16,359,864 | |
Adtalem Global Education, Inc. (b) | 554,100 | 28,702,380 | |
Antero Resources Corp. (b) | 920,100 | 27,087,744 | |
RHI Magnesita NV (a) | 1,054,291 | 32,881,699 | |
WestRock Co. | 300,000 | 10,779,000 | |
TOTAL UNITED STATES OF AMERICA | 115,810,687 | ||
TOTAL COMMON STOCKS (Cost $3,535,635,619) | 3,469,789,453 | ||
Money Market Funds - 3.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 93,362,924 | 93,381,597 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 31,089,240 | 31,092,349 | |
TOTAL MONEY MARKET FUNDS (Cost $124,473,946) | 124,473,946 | ||
TOTAL INVESTMENT IN SECURITIES - 98.3% (Cost $3,660,109,565) | 3,594,263,399 |
NET OTHER ASSETS (LIABILITIES) - 1.7% | 61,129,479 |
NET ASSETS - 100.0% | 3,655,392,878 |
ELS | - | EQUITY-LINKED SECURITY |
(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 $164,169,293 or 4.5% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | 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 5.40% | - | 557,473,936 | 464,092,339 | 2,955,272 | - | - | 93,381,597 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.40% | 28,602,852 | 339,399,634 | 336,910,137 | 281,769 | - | - | 31,092,349 | 0.1% |
Total | 28,602,852 | 896,873,570 | 801,002,476 | 3,237,041 | - | - | 124,473,946 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Ashtead Technology Holdings PLC | 19,751,365 | 1,332,381 | - | 89,580 | - | 21,342,265 | 42,426,011 |
Genesis Land Development Corp. | 5,655,343 | - | - | 405,932 | - | 1,471,253 | 7,126,596 |
Mears Group PLC | 17,260,781 | - | 1,811,259 | 1,060,913 | (2,490,810) | 10,230,839 | 23,189,551 |
Mincon Group PLC | 13,237,160 | - | - | 184,176 | - | (4,933,922) | 8,303,238 |
Servcorp Ltd. | 15,413,681 | - | - | 1,024,210 | - | (1,844,584) | 13,569,097 |
SomnoMed Ltd. | 3,698,161 | 505,948 | 7,215 | - | (25,592) | (2,453,185) | 1,718,117 |
Ten Entertainment Group PLC | 14,590,349 | - | - | 768,395 | - | 6,676,826 | 21,267,175 |
Vitzrocell Co. Ltd. | 12,328,605 | - | 1,730,761 | 191,205 | 258,145 | 6,415,926 | 17,271,915 |
Western Forest Products, Inc. | 11,450,665 | 3,982,512 | 275,142 | 459,558 | (453,829) | (5,700,675) | 9,003,531 |
Total | 113,386,110 | 5,820,841 | 3,824,377 | 4,183,969 | (2,712,086) | 31,204,743 | 143,875,231 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 143,429,984 | 63,110,660 | 80,319,324 | - |
Consumer Discretionary | 508,499,701 | 277,862,184 | 230,637,517 | - |
Consumer Staples | 392,749,637 | 254,417,536 | 138,332,101 | - |
Energy | 121,258,433 | 87,458,106 | 33,800,327 | - |
Financials | 450,462,489 | 350,136,860 | 100,325,629 | - |
Health Care | 215,856,675 | 152,095,840 | 63,760,835 | - |
Industrials | 729,909,976 | 445,306,390 | 284,603,586 | - |
Information Technology | 349,452,328 | 90,182,614 | 259,269,714 | - |
Materials | 300,421,579 | 202,212,649 | 98,208,929 | 1 |
Real Estate | 212,664,447 | 103,212,137 | 109,452,310 | - |
Utilities | 45,084,204 | - | 45,084,204 | - |
Money Market Funds | 124,473,946 | 124,473,946 | - | - |
Total Investments in Securities: | 3,594,263,399 | 2,150,468,922 | 1,443,794,476 | 1 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $29,598,389) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,386,640,102) | $ | 3,325,914,222 | ||
Fidelity Central Funds (cost $124,473,946) | 124,473,946 | |||
Other affiliated issuers (cost $148,995,517) | 143,875,231 | |||
Total Investment in Securities (cost $3,660,109,565) | $ | 3,594,263,399 | ||
Cash | 397,451 | |||
Foreign currency held at value (cost $87,767,120) | 86,211,842 | |||
Receivable for investments sold | 1,312,951 | |||
Receivable for fund shares sold | 6,943,435 | |||
Dividends receivable | 7,868,129 | |||
Reclaims receivable | 3,190,580 | |||
Distributions receivable from Fidelity Central Funds | 436,938 | |||
Prepaid expenses | 4,953 | |||
Other receivables | 14,305 | |||
Total assets | 3,700,643,983 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,851,915 | ||
Payable for fund shares redeemed | 4,367,434 | |||
Accrued management fee | 3,012,275 | |||
Distribution and service plan fees payable | 40,362 | |||
Other affiliated payables | 542,789 | |||
Other payables and accrued expenses | 2,348,075 | |||
Collateral on securities loaned | 31,088,255 | |||
Total Liabilities | 45,251,105 | |||
Net Assets | $ | 3,655,392,878 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,789,389,163 | ||
Total accumulated earnings (loss) | (133,996,285) | |||
Net Assets | $ | 3,655,392,878 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($108,866,350 ÷ 4,055,392 shares)(a) | $ | 26.84 | ||
Maximum offering price per share (100/94.25 of $26.84) | $ | 28.48 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($15,515,131 ÷ 581,350 shares)(a) | $ | 26.69 | ||
Maximum offering price per share (100/96.50 of $26.69) | $ | 27.66 | ||
Class C : | ||||
Net Asset Value and offering price per share ($12,603,181 ÷ 491,564 shares)(a) | $ | 25.64 | ||
International Small Cap : | ||||
Net Asset Value, offering price and redemption price per share ($1,342,755,054 ÷ 48,890,243 shares) | $ | 27.46 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($924,094,263 ÷ 33,406,106 shares) | $ | 27.66 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,251,558,899 ÷ 45,270,491 shares) | $ | 27.65 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends (including $4,183,969 earned from affiliated issuers) | $ | 111,153,833 | ||
Income from Fidelity Central Funds (including $281,769 from security lending) | 3,237,041 | |||
Income before foreign taxes withheld | $ | 114,390,874 | ||
Less foreign taxes withheld | (9,705,918) | |||
Total Income | 104,684,956 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 28,858,256 | ||
Performance adjustment | 3,560,470 | |||
Transfer agent fees | 4,707,717 | |||
Distribution and service plan fees | 509,862 | |||
Accounting fees | 1,396,638 | |||
Custodian fees and expenses | 436,698 | |||
Independent trustees' fees and expenses | 19,249 | |||
Registration fees | 211,521 | |||
Audit | 104,282 | |||
Legal | 3,246 | |||
Interest | 29,538 | |||
Miscellaneous | 15,905 | |||
Total expenses before reductions | 39,853,382 | |||
Expense reductions | (214,662) | |||
Total expenses after reductions | 39,638,720 | |||
Net Investment income (loss) | 65,046,236 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $172,631) | (46,550,543) | |||
Affiliated issuers | (2,712,086) | |||
Foreign currency transactions | (243,339) | |||
Total net realized gain (loss) | (49,505,968) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $912,248) | 302,905,925 | |||
Affiliated issuers | 31,204,743 | |||
Assets and liabilities in foreign currencies | (1,160,832) | |||
Total change in net unrealized appreciation (depreciation) | 332,949,836 | |||
Net gain (loss) | 283,443,868 | |||
Net increase (decrease) in net assets resulting from operations | $ | 348,490,104 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 65,046,236 | $ | 78,961,606 |
Net realized gain (loss) | (49,505,968) | (56,580,886) | ||
Change in net unrealized appreciation (depreciation) | 332,949,836 | (993,174,796) | ||
Net increase (decrease) in net assets resulting from operations | 348,490,104 | (970,794,076) | ||
Distributions to shareholders | (22,796,062) | (242,362,167) | ||
Share transactions - net increase (decrease) | 398,485,883 | 612,399,770 | ||
Total increase (decrease) in net assets | 724,179,925 | (600,756,473) | ||
Net Assets | ||||
Beginning of period | 2,931,212,953 | 3,531,969,426 | ||
End of period | $ | 3,655,392,878 | $ | 2,931,212,953 |
Fidelity Advisor® International Small Cap Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 23.88 | $ | 34.31 | $ | 24.75 | $ | 26.32 | $ | 25.78 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .44 | .58 | .31 | .27 | .49 | |||||
Net realized and unrealized gain (loss) | 2.63 | (8.74) | 9.42 | (1.26) | 1.43 | |||||
Total from investment operations | 3.07 | (8.16) | 9.73 | (.99) | 1.92 | |||||
Distributions from net investment income | (.11) | (.75) | (.17) | (.44) | (.38) | |||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | |||||
Total distributions | (.11) | (2.27) | (.17) | (.58) | (1.38) | |||||
Net asset value, end of period | $ | 26.84 | $ | 23.88 | $ | 34.31 | $ | 24.75 | $ | 26.32 |
Total Return C,D | 12.87% | (25.19)% | 39.43% | (3.91)% | 8.00% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.43% | 1.29% | 1.29% | 1.36% | 1.47% | |||||
Expenses net of fee waivers, if any | 1.43% | 1.29% | 1.29% | 1.36% | 1.47% | |||||
Expenses net of all reductions | 1.43% | 1.29% | 1.29% | 1.35% | 1.46% | |||||
Net investment income (loss) | 1.56% | 2.06% | .95% | 1.09% | 1.94% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 108,866 | $ | 95,906 | $ | 136,131 | $ | 92,044 | $ | 105,786 |
Portfolio turnover rate G | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 23.73 | $ | 34.12 | $ | 24.62 | $ | 26.18 | $ | 25.62 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .36 | .50 | .22 | .19 | .41 | |||||
Net realized and unrealized gain (loss) | 2.64 | (8.70) | 9.38 | (1.25) | 1.43 | |||||
Total from investment operations | 3.00 | (8.20) | 9.60 | (1.06) | 1.84 | |||||
Distributions from net investment income | (.04) | (.66) | (.10) | (.36) | (.27) | |||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | |||||
Total distributions | (.04) | (2.19) C | (.10) | (.50) | (1.28) C | |||||
Net asset value, end of period | $ | 26.69 | $ | 23.73 | $ | 34.12 | $ | 24.62 | $ | 26.18 |
Total Return D,E | 12.62% | (25.43)% | 39.07% | (4.19)% | 7.65% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.71% | 1.57% | 1.57% | 1.67% | 1.78% | |||||
Expenses net of fee waivers, if any | 1.70% | 1.56% | 1.57% | 1.67% | 1.78% | |||||
Expenses net of all reductions | 1.70% | 1.56% | 1.57% | 1.65% | 1.77% | |||||
Net investment income (loss) | 1.29% | 1.79% | .68% | .78% | 1.62% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 15,515 | $ | 13,761 | $ | 19,926 | $ | 12,492 | $ | 16,013 |
Portfolio turnover rate H | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 22.88 | $ | 32.93 | $ | 23.80 | $ | 25.27 | $ | 24.77 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .21 | .35 | .06 | .08 | .28 | |||||
Net realized and unrealized gain (loss) | 2.55 | (8.40) | 9.07 | (1.23) | 1.39 | |||||
Total from investment operations | 2.76 | (8.05) | 9.13 | (1.15) | 1.67 | |||||
Distributions from net investment income | - | (.48) | - | (.18) | (.17) | |||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | |||||
Total distributions | - | (2.00) | - | (.32) | (1.17) | |||||
Net asset value, end of period | $ | 25.64 | $ | 22.88 | $ | 32.93 | $ | 23.80 | $ | 25.27 |
Total Return C,D | 12.06% | (25.77)% | 38.36% | (4.65)% | 7.17% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 2.20% | 2.06% | 2.05% | 2.13% | 2.24% | |||||
Expenses net of fee waivers, if any | 2.19% | 2.05% | 2.05% | 2.13% | 2.24% | |||||
Expenses net of all reductions | 2.19% | 2.05% | 2.05% | 2.11% | 2.23% | |||||
Net investment income (loss) | .80% | 1.30% | .19% | .32% | 1.16% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 12,603 | $ | 13,556 | $ | 21,683 | $ | 17,659 | $ | 23,937 |
Portfolio turnover rate G | 10% | 17% | 28% | 43% | 28% |
Fidelity® International Small Cap Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.43 | $ | 35.05 | $ | 25.28 | $ | 26.86 | $ | 26.29 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .52 | .67 | .41 | .34 | .57 | |||||
Net realized and unrealized gain (loss) | 2.70 | (8.94) | 9.61 | (1.27) | 1.45 | |||||
Total from investment operations | 3.22 | (8.27) | 10.02 | (.93) | 2.02 | |||||
Distributions from net investment income | (.19) | (.83) | (.25) | (.51) | (.45) | |||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | |||||
Total distributions | (.19) | (2.35) | (.25) | (.65) | (1.45) | |||||
Net asset value, end of period | $ | 27.46 | $ | 24.43 | $ | 35.05 | $ | 25.28 | $ | 26.86 |
Total Return C | 13.19% | (25.01)% | 39.83% | (3.61)% | 8.27% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.17% | 1.02% | 1.01% | 1.08% | 1.19% | |||||
Expenses net of fee waivers, if any | 1.16% | 1.02% | 1.01% | 1.08% | 1.19% | |||||
Expenses net of all reductions | 1.16% | 1.02% | 1.01% | 1.07% | 1.18% | |||||
Net investment income (loss) | 1.83% | �� | 2.33% | 1.23% | 1.37% | 2.22% | ||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,342,755 | $ | 1,145,773 | $ | 1,534,214 | $ | 1,122,746 | $ | 1,282,412 |
Portfolio turnover rate F | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.60 | $ | 35.27 | $ | 25.44 | $ | 27.03 | $ | 26.45 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .53 | .68 | .41 | .35 | .58 | |||||
Net realized and unrealized gain (loss) | 2.71 | (8.99) | 9.67 | (1.28) | 1.46 | |||||
Total from investment operations | 3.24 | (8.31) | 10.08 | (.93) | 2.04 | |||||
Distributions from net investment income | (.18) | (.84) | (.25) | (.52) | (.46) | |||||
Distributions from net realized gain | - | (1.52) | - | (.14) | (1.00) | |||||
Total distributions | (.18) | (2.36) | (.25) | (.66) | (1.46) | |||||
Net asset value, end of period | $ | 27.66 | $ | 24.60 | $ | 35.27 | $ | 25.44 | $ | 27.03 |
Total Return C | 13.20% | (24.98)% | 39.80% | (3.62)% | 8.28% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.16% | 1.02% | 1.02% | 1.08% | 1.19% | |||||
Expenses net of fee waivers, if any | 1.15% | 1.01% | 1.02% | 1.08% | 1.18% | |||||
Expenses net of all reductions | 1.15% | 1.01% | 1.02% | 1.06% | 1.18% | |||||
Net investment income (loss) | 1.84% | 2.34% | 1.22% | 1.38% | 2.22% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 924,094 | $ | 696,515 | $ | 1,080,258 | $ | 605,100 | $ | 777,771 |
Portfolio turnover rate F | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.59 | $ | 35.26 | $ | 25.43 | $ | 27.03 | $ | 26.46 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .56 | .70 | .45 | .38 | .61 | |||||
Net realized and unrealized gain (loss) | 2.72 | (8.97) | 9.67 | (1.28) | 1.47 | |||||
Total from investment operations | 3.28 | (8.27) | 10.12 | (.90) | 2.08 | |||||
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) C | |||||
Net asset value, end of period | $ | 27.65 | $ | 24.59 | $ | 35.26 | $ | 25.43 | $ | 27.03 |
Total Return D,E | 13.38% | (24.89)% | 39.99% | (3.51)% | 8.44% | |||||
Ratios to Average Net Assets A,F,G | ||||||||||
Expenses before reductions | 1.03% | .89% | .89% | .94% | 1.05% | |||||
Expenses net of fee waivers, if any | 1.03% | .89% | .89% | .94% | 1.05% | |||||
Expenses net of all reductions | 1.03% | .89% | .89% | .93% | 1.04% | |||||
Net investment income (loss) | 1.96% | 2.47% | 1.35% | 1.51% | 2.35% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,251,559 | $ | 965,701 | $ | 739,757 | $ | 275,127 | $ | 245,252 |
Portfolio turnover rate H | 10% | 17% | 28% | 43% | 28% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $542,070,532 |
Gross unrealized depreciation | (650,240,285) |
Net unrealized appreciation (depreciation) | $(108,169,753) |
Tax Cost | $3,702,433,152 |
Undistributed ordinary income | $72,348,728 |
Capital loss carryforward | $(94,234,749) |
Net unrealized appreciation (depreciation) on securities and other investments | $(109,938,678) |
Short-term | $(51,144,509) |
Long-term | (43,090,240) |
Total capital loss carryforward | $(94,234,749) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $22,796,062 | $136,799,647 |
Long-term Capital Gains | - | 105,562,520 |
Total | $22,796,062 | $242,362,167 |
Purchases ($) | Sales ($) | |
Fidelity International Small Cap Fund | 649,831,964 | 332,656,860 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $284,303 | $2,664 |
Class M | .25% | .25% | 82,456 | 201 |
Class C | .75% | .25% | 143,103 | 10,840 |
$509,862 | $13,705 |
Retained by FDC | |
Class A | $13,455 |
Class M | 1,227 |
Class CA | 87 |
$14,769 |
Amount | % of Class-Level Average Net Assets | |
Class A | $220,465 | .19 |
Class M | 35,583 | .22 |
Class C | 29,791 | .21 |
International Small Cap | 2,508,236 | .18 |
Class I | 1,450,702 | .17 |
Class Z | 462,940 | .04 |
$4,707,717 |
% of Class-Level Average Net Assets | |
Class A | 0.1909% |
Class M | 0.2000% |
Class C | 0.2000% |
International Small Cap | 0.1743% |
Class I | 0.1723% |
% of Average Net Assets | |
Fidelity International Small Cap Fund | .04 |
% of Average Net Assets | |
Fidelity International Small Cap Fund | 0.0385% |
Amount | |
Fidelity International Small Cap Fund | $2,135 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Small Cap Fund. | Borrower | $ 10,391,750 | 4.13% | $28,590 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Small Cap Fund | 12,095,723 | 25,895,654 | (3,031,398) |
Amount | |
Fidelity International Small Cap Fund | $6,205 |
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 | $30,264 | $- | $- |
Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity International Small Cap Fund | $9,529,000 | 3.58% | $948 |
Expense reduction | |
Class M | 402 |
Class C | 23 |
$425 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity International Small Cap Fund | ||||
Class A | ||||
Shares sold | 918,692 | 830,534 | $25,838,409 | $23,685,249 |
Reinvestment of distributions | 16,707 | 295,136 | 437,544 | 8,995,592 |
Shares redeemed | (896,876) | (1,076,634) | (25,017,177) | (30,435,716) |
Net increase (decrease) | 38,523 | 49,036 | $1,258,776 | $2,245,125 |
Class M | ||||
Shares sold | 114,850 | 86,516 | $3,220,186 | $2,471,290 |
Reinvestment of distributions | 763 | 41,863 | 19,926 | 1,271,367 |
Shares redeemed | (114,079) | (132,638) | (3,149,104) | (3,771,297) |
Net increase (decrease) | 1,534 | (4,259) | $91,008 | $(28,640) |
Class C | ||||
Shares sold | 51,153 | 60,983 | $1,355,166 | $1,691,801 |
Reinvestment of distributions | - | 44,584 | - | 1,311,796 |
Shares redeemed | (152,016) | (171,531) | (4,049,390) | (4,624,227) |
Net increase (decrease) | (100,863) | (65,964) | $(2,694,224) | $(1,620,630) |
International Small Cap | ||||
Shares sold | 12,448,015 | 13,356,832 | $353,729,600 | $375,220,830 |
Reinvestment of distributions | 303,022 | 2,945,011 | 8,099,784 | 91,615,712 |
Shares redeemed | (10,758,826) | (13,181,058) | (307,464,961) | (380,933,549) |
Net increase (decrease) | 1,992,211 | 3,120,785 | $54,364,423 | $85,902,993 |
Class I | ||||
Shares sold | 14,669,013 | 13,697,966 | $422,708,769 | $404,258,743 |
Reinvestment of distributions | 178,126 | 2,305,754 | 4,795,157 | 72,208,170 |
Shares redeemed | (9,758,006) | (18,313,122) | (275,755,333) | (518,387,511) |
Net increase (decrease) | 5,089,133 | (2,309,402) | $151,748,593 | $(41,920,598) |
Class Z | ||||
Shares sold | 18,575,488 | 35,845,899 | $542,508,039 | $1,046,158,928 |
Reinvestment of distributions | 206,606 | 1,517,664 | 5,553,574 | 47,460,406 |
Shares redeemed | (12,784,069) | (19,068,812) | (354,344,306) | (525,797,814) |
Net increase (decrease) | 5,998,025 | 18,294,751 | $193,717,307 | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Small Cap Fund | ||||||||||
Class A | 1.47% | |||||||||
Actual | $ 1,000 | $ 935.80 | $ 7.17 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.80 | $ 7.48 | |||||||
Class M | 1.74% | |||||||||
Actual | $ 1,000 | $ 934.50 | $ 8.48 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.43 | $ 8.84 | |||||||
Class C | 2.24% | |||||||||
Actual | $ 1,000 | $ 932.40 | $ 10.91 | |||||||
Hypothetical-B | $ 1,000 | $ 1,013.91 | $ 11.37 | |||||||
Fidelity® International Small Cap Fund | 1.21% | |||||||||
Actual | $ 1,000 | $ 936.90 | $ 5.91 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.11 | $ 6.16 | |||||||
Class I | 1.20% | |||||||||
Actual | $ 1,000 | $ 937.00 | $ 5.86 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.16 | $ 6.11 | |||||||
Class Z | 1.07% | |||||||||
Actual | $ 1,000 | $ 937.90 | $ 5.23 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.81 | $ 5.45 | |||||||
Pay Date | Income | Taxes | |
Insert Fund Name | |||
Class A | 12/12/2022 | $0.2209 | $0.1099 |
Class M | 12/12/2022 | $0.1449 | $0.1099 |
Class C | 12/12/2022 | $0.0000 | $0.0000 |
International Small Cap | 12/12/2022 | $0.2969 | $0.1099 |
Class I | 12/12/2022 | $0.2919 | $0.1099 |
Class Z | 12/12/2022 | $0.3329 | $0.1099 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® SAI Sustainable Emerging Markets Equity Fund | 13.74% | -8.98% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity SAI Sustainable Emerging Markets Equity Fund, on April 14, 2022, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI Emerging Markets Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 8.7 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 6.4 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.4 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 4.4 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 3.0 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 1.9 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (China, Diversified Consumer Services) | 1.9 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.7 | |
Reliance Industries Ltd. GDR (India, Oil, Gas & Consumable Fuels) | 1.7 | |
NetEase, Inc. ADR (China, Entertainment) | 1.5 | |
36.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 23.6 | |
Financials | 21.3 | |
Consumer Discretionary | 17.5 | |
Communication Services | 11.2 | |
Consumer Staples | 4.8 | |
Industrials | 4.7 | |
Health Care | 4.3 | |
Materials | 3.6 | |
Energy | 2.3 | |
Utilities | 1.3 | |
Real Estate | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Futures - 0.7% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.0% | |||
Shares | Value ($) | ||
Brazil - 4.1% | |||
Banco BTG Pactual SA unit | 10,952 | 64,299 | |
Banco do Brasil SA | 4,311 | 41,342 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 73,385 | 53,710 | |
Localiza Rent a Car SA | 4,835 | 48,784 | |
Localiza Rent a Car SA rights 11/10/23 (a) | 23 | 32 | |
Raia Drogasil SA | 9,927 | 50,799 | |
TOTAL BRAZIL | 258,966 | ||
China - 32.7% | |||
Alibaba Group Holding Ltd. (a) | 24,249 | 249,645 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 338 | 27,899 | |
Baidu, Inc. sponsored ADR (a) | 175 | 18,375 | |
BeiGene Ltd. ADR (a) | 76 | 14,157 | |
BYD Co. Ltd. (H Shares) | 1,685 | 51,241 | |
China Construction Bank Corp. (H Shares) | 189,477 | 107,160 | |
China Life Insurance Co. Ltd. (H Shares) | 37,363 | 50,604 | |
China Merchants Bank Co. Ltd. (H Shares) | 2,758 | 10,462 | |
ENN Energy Holdings Ltd. | 2,099 | 15,900 | |
Flat Glass Group Co. Ltd. | 13,913 | 24,986 | |
Haier Smart Home Co. Ltd. | 11,004 | 31,387 | |
Innovent Biologics, Inc. (a)(b) | 5,612 | 33,072 | |
JD.com, Inc. sponsored ADR | 1,465 | 37,240 | |
Kweichow Moutai Co. Ltd. (A Shares) | 163 | 37,548 | |
Li Auto, Inc. ADR (a) | 1,052 | 35,568 | |
Meituan Class B (a)(b) | 6,667 | 94,505 | |
NetEase, Inc. ADR | 888 | 94,945 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 1,808 | 118,406 | |
PDD Holdings, Inc. ADR (a) | 1,869 | 189,554 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 14,197 | 72,014 | |
Qingdao Port International Co. Ltd. (H Shares) (b) | 23,607 | 11,793 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 2,277 | 89,016 | |
Shenzhou International Group Holdings Ltd. | 1,522 | 14,950 | |
Sinotruk Hong Kong Ltd. | 40,253 | 75,817 | |
Tencent Holdings Ltd. | 9,180 | 339,740 | |
Trip.com Group Ltd. ADR (a) | 2,217 | 75,378 | |
Will Semiconductor Ltd. | 1,100 | 16,600 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 917 | 19,551 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 1,786 | 21,462 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 6,444 | 40,067 | |
Zijin Mining Group Co. Ltd. (H Shares) | 18,057 | 27,933 | |
TOTAL CHINA | 2,046,975 | ||
Greece - 0.5% | |||
OPAP SA | 1,827 | 30,930 | |
Hungary - 0.5% | |||
Richter Gedeon PLC | 1,373 | 32,193 | |
India - 13.8% | |||
Axis Bank Ltd. | 4,498 | 53,060 | |
Bharti Airtel Ltd. | 5,852 | 64,251 | |
HDFC Bank Ltd. | 3,363 | 59,657 | |
HDFC Bank Ltd. sponsored ADR | 1,061 | 60,000 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 8,942 | 66,407 | |
Hindustan Unilever Ltd. | 845 | 25,210 | |
ICICI Bank Ltd. | 6,327 | 69,588 | |
Infosys Ltd. sponsored ADR | 2,466 | 40,492 | |
Larsen & Toubro Ltd. | 2,537 | 89,253 | |
NTPC Ltd. | 22,821 | 64,636 | |
Reliance Industries Ltd. GDR (b) | 1,893 | 103,358 | |
SRF Ltd. | 1,841 | 48,530 | |
Tata Consultancy Services Ltd. | 459 | 18,576 | |
Tata Steel Ltd. | 16,059 | 22,909 | |
Ultratech Cement Ltd. | 746 | 75,476 | |
TOTAL INDIA | 861,403 | ||
Indonesia - 2.9% | |||
PT Bank Central Asia Tbk | 138,341 | 76,215 | |
PT Bank Mandiri (Persero) Tbk | 92,372 | 33,000 | |
PT Bank Negara Indonesia (Persero) Tbk | 53,615 | 16,180 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 116,476 | 36,420 | |
PT Telkom Indonesia Persero Tbk | 90,464 | 19,831 | |
TOTAL INDONESIA | 181,646 | ||
Korea (South) - 13.4% | |||
AMOREPACIFIC Corp. | 336 | 31,492 | |
Hansol Chemical Co. Ltd. | 109 | 12,146 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 476 | 11,087 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 93 | 4,785 | |
Hyundai Motor Co. Ltd. | 706 | 88,813 | |
JYP Entertainment Corp. | 467 | 35,495 | |
KB Financial Group, Inc. | 889 | 33,837 | |
LG Chemical Ltd. | 36 | 11,781 | |
LG Corp. | 252 | 14,403 | |
LG Innotek Co. Ltd. | 74 | 12,264 | |
NAVER Corp. | 427 | 59,607 | |
Samsung Electronics Co. Ltd. | 8,116 | 403,374 | |
SK Hynix, Inc. | 1,374 | 119,144 | |
TOTAL KOREA (SOUTH) | 838,228 | ||
Mexico - 3.7% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 1,230 | 38,671 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 264 | 29,940 | |
Grupo Aeroportuario Norte S.A.B. de CV | 1,681 | 12,832 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 9,507 | 77,157 | |
Wal-Mart de Mexico SA de CV Series V | 19,603 | 70,164 | |
TOTAL MEXICO | 228,764 | ||
Peru - 0.4% | |||
Credicorp Ltd. (United States) | 206 | 25,742 | |
Philippines - 0.2% | |||
Ayala Land, Inc. | 27,288 | 13,395 | |
Saudi Arabia - 1.4% | |||
Al Rajhi Bank | 2,744 | 49,078 | |
The Saudi National Bank | 4,604 | 41,173 | |
TOTAL SAUDI ARABIA | 90,251 | ||
Singapore - 0.3% | |||
Sea Ltd. ADR (a) | 385 | 16,055 | |
South Africa - 3.0% | |||
Absa Group Ltd. | 4,182 | 38,128 | |
Bid Corp. Ltd. | 1,594 | 33,816 | |
Capitec Bank Holdings Ltd. | 239 | 21,222 | |
FirstRand Ltd. | 3,684 | 12,145 | |
MTN Group Ltd. | 1,778 | 8,679 | |
Naspers Ltd. Class N | 307 | 47,923 | |
Standard Bank Group Ltd. | 2,706 | 26,554 | |
TOTAL SOUTH AFRICA | 188,467 | ||
Taiwan - 16.0% | |||
Alchip Technologies Ltd. | 964 | 79,003 | |
Chailease Holding Co. Ltd. | 11,434 | 61,977 | |
E Ink Holdings, Inc. | 1,980 | 10,294 | |
E.SUN Financial Holdings Co. Ltd. | 19,572 | 14,410 | |
eMemory Technology, Inc. | 908 | 56,844 | |
HIWIN Technologies Corp. | 6,489 | 39,294 | |
International Games Systems Co. Ltd. | 2,380 | 45,839 | |
King Yuan Electronics Co. Ltd. | 14,137 | 33,468 | |
MediaTek, Inc. | 1,517 | 39,562 | |
Realtek Semiconductor Corp. | 1,115 | 13,885 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 6,272 | 541,340 | |
Unimicron Technology Corp. | 4,327 | 19,283 | |
Yageo Corp. | 2,783 | 45,338 | |
TOTAL TAIWAN | 1,000,537 | ||
Thailand - 1.1% | |||
Bangkok Bank PCL (For. Reg.) | 3,951 | 17,218 | |
PTT Exploration and Production PCL (For. Reg.) | 7,699 | 34,965 | |
SCB X PCL (For. Reg.) | 5,399 | 14,721 | |
TOTAL THAILAND | 66,904 | ||
TOTAL COMMON STOCKS (Cost $6,040,021) | 5,880,456 | ||
Nonconvertible Preferred Stocks - 1.4% | |||
Shares | Value ($) | ||
Brazil - 1.4% | |||
Banco Bradesco SA (PN) | 4,166 | 11,560 | |
Gerdau SA | 3,854 | 16,641 | |
Itau Unibanco Holding SA | 10,638 | 56,590 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $89,049) | 84,791 | ||
Government Obligations - 0.3% | |||
Principal Amount (c) | Value ($) | ||
United States of America - 0.3% | |||
U.S. Treasury Bills, yield at date of purchase 5.38% 1/25/24 (d) (Cost $19,749) | 20,000 | 19,749 | |
Money Market Funds - 10.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) (Cost $633,452) | 633,326 | 633,452 | |
TOTAL INVESTMENT IN SECURITIES - 105.8% (Cost $6,782,271) | 6,618,448 |
NET OTHER ASSETS (LIABILITIES) - (5.8)% | (361,104) |
NET ASSETS - 100.0% | 6,257,344 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 1 | Dec 2023 | 45,960 | 194 | 194 |
The notional amount of futures purchased as a percentage of Net Assets is 0.7% |
(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 $424,374 or 6.8% 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 $19,749. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 56,344 | 3,878,024 | 3,300,916 | 12,562 | - | - | 633,452 | 0.0% |
Total | 56,344 | 3,878,024 | 3,300,916 | 12,562 | - | - | 633,452 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 702,817 | 138,054 | 564,763 | - |
Consumer Discretionary | 1,093,439 | 562,898 | 530,541 | - |
Consumer Staples | 298,520 | 184,719 | 113,801 | - |
Energy | 138,323 | 103,358 | 34,965 | - |
Financials | 1,329,007 | 524,990 | 804,017 | - |
Health Care | 283,677 | 100,060 | 183,617 | - |
Industrials | 296,993 | 61,648 | 235,345 | - |
Information Technology | 1,474,453 | 581,832 | 892,621 | - |
Materials | 215,416 | 16,641 | 198,775 | - |
Real Estate | 52,066 | 38,671 | 13,395 | - |
Utilities | 80,536 | - | 80,536 | - |
Government Obligations | 19,749 | - | 19,749 | - |
Money Market Funds | 633,452 | 633,452 | - | - |
Total Investments in Securities: | 6,618,448 | 2,946,323 | 3,672,125 | - |
Derivative Instruments: Assets | ||||
Futures Contracts | 194 | 194 | - | - |
Total Assets | 194 | 194 | - | - |
Total Derivative Instruments: | 194 | 194 | - | - |
Primary Risk Exposure / Derivative Type �� | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 194 | 0 |
Total Equity Risk | 194 | 0 |
Total Value of Derivatives | 194 | 0 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,148,819) | $ | 5,984,996 | ||
Fidelity Central Funds (cost $633,452) | 633,452 | |||
Total Investment in Securities (cost $6,782,271) | $ | 6,618,448 | ||
Foreign currency held at value (cost $6,628) | 6,627 | |||
Receivable for investments sold | 39,380 | |||
Receivable for fund shares sold | 101,458 | |||
Dividends receivable | 3,565 | |||
Distributions receivable from Fidelity Central Funds | 2,455 | |||
Prepaid expenses | 5 | |||
Receivable from investment adviser for expense reductions | 10,377 | |||
Other receivables | 16 | |||
Total assets | 6,782,331 | |||
Liabilities | ||||
Payable for investments purchased | $ | 446,834 | ||
Payable for fund shares redeemed | 9,570 | |||
Accrued management fee | 3,476 | |||
Payable for daily variation margin on futures contracts | 2,221 | |||
Audit fee payable | 41,209 | |||
Other payables and accrued expenses | 21,677 | |||
Total Liabilities | 524,987 | |||
Net Assets | $ | 6,257,344 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,733,635 | ||
Total accumulated earnings (loss) | (476,291) | |||
Net Assets | $ | 6,257,344 | ||
Net Asset Value, offering price and redemption price per share ($6,257,344 ÷ 730,528 shares) | $ | 8.57 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 75,649 | ||
Non-Cash dividends | 6,765 | |||
Interest | 649 | |||
Income from Fidelity Central Funds | 12,562 | |||
Income before foreign taxes withheld | $ | 95,625 | ||
Less foreign taxes withheld | (9,838) | |||
Total Income | 85,787 | |||
Expenses | ||||
Management fee | $ | 25,617 | ||
Custodian fees and expenses | 44,527 | |||
Independent trustees' fees and expenses | 15 | |||
Registration fees | 32,201 | |||
Audit | 63,451 | |||
Legal | 2 | |||
Miscellaneous | 8 | |||
Total expenses before reductions | 165,821 | |||
Expense reductions | (134,907) | |||
Total expenses after reductions | 30,914 | |||
Net Investment income (loss) | 54,873 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $931) | (200,333) | |||
Foreign currency transactions | (6,570) | |||
Futures contracts | (19,997) | |||
Total net realized gain (loss) | (226,900) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $2,684) | 214,840 | |||
Assets and liabilities in foreign currencies | 50 | |||
Futures contracts | 194 | |||
Total change in net unrealized appreciation (depreciation) | 215,084 | |||
Net gain (loss) | (11,816) | |||
Net increase (decrease) in net assets resulting from operations | $ | 43,057 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | For the period April 14, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 54,873 | $ | 12,746 |
Net realized gain (loss) | (226,900) | (131,753) | ||
Change in net unrealized appreciation (depreciation) | 215,084 | (381,337) | ||
Net increase (decrease) in net assets resulting from operations | 43,057 | (500,344) | ||
Distributions to shareholders | (19,218) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 4,888,662 | 2,279,784 | ||
Reinvestment of distributions | 18,756 | - | ||
Cost of shares redeemed | (446,184) | (7,169) | ||
Net increase (decrease) in net assets resulting from share transactions | 4,461,234 | 2,272,615 | ||
Total increase (decrease) in net assets | 4,485,073 | 1,772,271 | ||
Net Assets | ||||
Beginning of period | 1,772,271 | - | ||
End of period | $ | 6,257,344 | $ | 1,772,271 |
Other Information | ||||
Shares | ||||
Sold | 544,845 | 233,926 | ||
Issued in reinvestment of distributions | 2,130 | - | ||
Redeemed | (49,495) | (878) | ||
Net increase (decrease) | 497,480 | 233,048 | ||
Fidelity SAI Sustainable Emerging Markets Equity Fund |
Years ended October 31, | 2023 | 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 | .15 | .06 | ||
Net realized and unrealized gain (loss) | .90 D | (2.46) | ||
Total from investment operations | 1.05 | (2.40) | ||
Distributions from net investment income | (.08) | - | ||
Total distributions | (.08) | - | ||
Net asset value, end of period | $ | 8.57 | $ | 7.60 |
Total Return E,F | 13.74% | (24.00)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 4.99% | 6.38% I,J | ||
Expenses net of fee waivers, if any | .94% | .96% I | ||
Expenses net of all reductions | .93% | .96% I | ||
Net investment income (loss) | 1.65% | 1.27% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 6,257 | $ | 1,772 |
Portfolio turnover rate K | 87% | 74% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $206,460 |
Gross unrealized depreciation | (489,044) |
Net unrealized appreciation (depreciation) | $(282,584) |
Tax Cost | $6,901,032 |
Undistributed ordinary income | $66,848 |
Capital loss carryforward | $(257,931) |
Net unrealized appreciation (depreciation) on securities and other investments | $(282,524) |
Short-term | $(220,676) |
Long-term | (37,254) |
Total Capital loss carryforward | $(257,930) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $19,218 | $- |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 6,991,217 | 2,764,489 |
Amount | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | $15 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 93,950 | 54,874 | (7,180) |
Amount | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | $3 |
Fund | Affiliated % |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 28% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® SAI Sustainable Emerging Markets Equity Fund | .95% | |||||||||
Actual | $ 1,000 | $ 950.10 | $ 4.67 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.42 | $ 4.84 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® Enduring Opportunities Fund | 9.96% | 5.48% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Enduring Opportunities Fund, on November 5, 2019, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 4.4 | |
Amazon.com, Inc. | 2.5 | |
NVIDIA Corp. | 2.0 | |
Meta Platforms, Inc. Class A | 1.5 | |
Alphabet, Inc. Class A | 1.4 | |
Alphabet, Inc. Class C | 1.3 | |
Tesla, Inc. | 1.3 | |
UnitedHealth Group, Inc. | 1.2 | |
Visa, Inc. Class A | 1.0 | |
JPMorgan Chase & Co. | 1.0 | |
17.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 20.6 | |
Consumer Discretionary | 18.9 | |
Industrials | 15.1 | |
Financials | 12.1 | |
Communication Services | 7.7 | |
Health Care | 7.7 | |
Consumer Staples | 5.5 | |
Materials | 4.3 | |
Real Estate | 4.2 | |
Energy | 2.2 | |
Utilities | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.5% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 7.7% | |||
Diversified Telecommunication Services - 0.1% | |||
Elisa Corp. (A Shares) | 363 | 15,394 | |
Entertainment - 1.3% | |||
Netflix, Inc. (a) | 167 | 68,752 | |
Sea Ltd. ADR (a) | 418 | 17,431 | |
The Walt Disney Co. (a) | 684 | 55,808 | |
141,991 | |||
Interactive Media & Services - 6.1% | |||
Adevinta ASA Class B (a) | 2,741 | 24,058 | |
Alphabet, Inc.: | |||
Class A (a) | 1,253 | 155,472 | |
Class C (a) | 1,127 | 141,213 | |
Hemnet Group AB | 1,213 | 21,049 | |
Kakao Corp. | 572 | 16,098 | |
LY Corp. | 7,791 | 19,863 | |
Match Group, Inc. (a) | 920 | 31,832 | |
Meta Platforms, Inc. Class A (a) | 549 | 165,397 | |
NAVER Corp. | 163 | 22,754 | |
Rightmove PLC | 2,316 | 13,315 | |
Tencent Holdings Ltd. | 1,889 | 69,910 | |
680,961 | |||
Media - 0.2% | |||
Schibsted ASA (A Shares) | 957 | 19,121 | |
TOTAL COMMUNICATION SERVICES | 857,467 | ||
CONSUMER DISCRETIONARY - 18.9% | |||
Automobile Components - 0.5% | |||
Aptiv PLC (a) | 330 | 28,776 | |
DENSO Corp. | 2,052 | 30,301 | |
59,077 | |||
Automobiles - 2.3% | |||
Ferrari NV (Italy) | 86 | 25,980 | |
Maruti Suzuki India Ltd. | 277 | 34,581 | |
Tesla, Inc. (a) | 700 | 140,588 | |
Toyota Motor Corp. | 3,324 | 58,149 | |
259,298 | |||
Broadline Retail - 3.4% | |||
Amazon.com, Inc. (a) | 2,058 | 273,899 | |
B&M European Value Retail SA | 4,042 | 25,979 | |
Dollarama, Inc. | 393 | 26,838 | |
MercadoLibre, Inc. (a) | 27 | 33,500 | |
Prosus NV | 642 | 18,095 | |
378,311 | |||
Diversified Consumer Services - 0.3% | |||
Duolingo, Inc. (a) | 192 | 28,042 | |
Hotels, Restaurants & Leisure - 4.3% | |||
Amadeus IT Holding SA Class A | 496 | 28,246 | |
Chipotle Mexican Grill, Inc. (a) | 28 | 54,382 | |
Churchill Downs, Inc. | 382 | 41,959 | |
Compass Group PLC | 1,215 | 30,632 | |
Domino's Pizza, Inc. | 99 | 33,560 | |
Doordash, Inc. (a) | 524 | 39,274 | |
Flutter Entertainment PLC (a) | 104 | 16,313 | |
Hilton Worldwide Holdings, Inc. | 336 | 50,914 | |
Oriental Land Co. Ltd. | 972 | 31,440 | |
Restaurant Brands Asia Ltd. (a) | 12,252 | 16,404 | |
Vail Resorts, Inc. | 131 | 27,805 | |
Wingstop, Inc. | 227 | 41,489 | |
Yum! Brands, Inc. | 311 | 37,587 | |
Zomato Ltd. (a) | 21,289 | 26,919 | |
476,924 | |||
Household Durables - 0.6% | |||
Berkeley Group Holdings PLC | 397 | 19,475 | |
Maytronics Ltd. | 1,154 | 10,735 | |
NVR, Inc. (a) | 7 | 37,888 | |
68,098 | |||
Leisure Products - 0.3% | |||
Roland Corp. | 647 | 18,707 | |
SHIMANO, Inc. | 129 | 18,564 | |
37,271 | |||
Specialty Retail - 4.4% | |||
Carvana Co. Class A (a) | 920 | 24,840 | |
Fast Retailing Co. Ltd. | 136 | 30,110 | |
Five Below, Inc. (a) | 218 | 37,928 | |
Floor & Decor Holdings, Inc. Class A (a) | 404 | 33,290 | |
Lowe's Companies, Inc. | 311 | 59,267 | |
National Vision Holdings, Inc. (a) | 2,141 | 33,271 | |
Nitori Holdings Co. Ltd. | 184 | 19,926 | |
The Home Depot, Inc. | 295 | 83,984 | |
TJX Companies, Inc. | 596 | 52,490 | |
Ulta Beauty, Inc. (a) | 99 | 37,750 | |
Wayfair LLC Class A (a) | 635 | 27,057 | |
WH Smith PLC | 1,154 | 16,271 | |
Workman Co. Ltd. | 659 | 16,978 | |
ZOZO, Inc. | 833 | 15,839 | |
489,001 | |||
Textiles, Apparel & Luxury Goods - 2.8% | |||
adidas AG | 108 | 19,107 | |
Hermes International SCA | 16 | 29,789 | |
lululemon athletica, Inc. (a) | 196 | 77,122 | |
LVMH Moet Hennessy Louis Vuitton SE | 80 | 57,274 | |
Moncler SpA | 333 | 17,244 | |
NIKE, Inc. Class B | 481 | 49,432 | |
Prada SpA | 2,910 | 17,530 | |
PVH Corp. | 335 | 24,907 | |
Shenzhou International Group Holdings Ltd. | 1,715 | 16,846 | |
309,251 | |||
TOTAL CONSUMER DISCRETIONARY | 2,105,273 | ||
CONSUMER STAPLES - 5.5% | |||
Beverages - 1.3% | |||
Ambev SA | 9,685 | 24,704 | |
Davide Campari Milano NV | 1,556 | 17,172 | |
Kweichow Moutai Co. Ltd. (A Shares) | 115 | 26,491 | |
Monster Beverage Corp. | 783 | 40,011 | |
Pernod Ricard SA | 167 | 29,598 | |
137,976 | |||
Consumer Staples Distribution & Retail - 2.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 518 | 28,198 | |
Casey's General Stores, Inc. | 164 | 44,593 | |
Clicks Group Ltd. | 1,582 | 23,312 | |
Cosmos Pharmaceutical Corp. | 150 | 15,610 | |
Costco Wholesale Corp. | 168 | 92,810 | |
Wal-Mart de Mexico SA de CV Series V | 8,533 | 30,542 | |
Walmart, Inc. | 487 | 79,581 | |
314,646 | |||
Food Products - 0.5% | |||
Freshpet, Inc. (a) | 482 | 27,667 | |
McCormick & Co., Inc. (non-vtg.) | 399 | 25,496 | |
53,163 | |||
Household Products - 0.2% | |||
Unicharm Corp. | 664 | 22,562 | |
Personal Care Products - 0.7% | |||
Hindustan Unilever Ltd. | 887 | 26,463 | |
L'Oreal SA | 97 | 40,772 | |
Shiseido Co. Ltd. | 471 | 14,938 | |
82,173 | |||
TOTAL CONSUMER STAPLES | 610,520 | ||
ENERGY - 2.2% | |||
Energy Equipment & Services - 0.5% | |||
Schlumberger Ltd. | 1,026 | 57,107 | |
Oil, Gas & Consumable Fuels - 1.7% | |||
Cheniere Energy, Inc. | 260 | 43,269 | |
Hess Corp. | 322 | 46,497 | |
Parkland Corp. | 761 | 23,032 | |
PrairieSky Royalty Ltd. | 2,270 | 39,859 | |
Reliance Industries Ltd. | 1,219 | 33,510 | |
186,167 | |||
TOTAL ENERGY | 243,274 | ||
FINANCIALS - 12.1% | |||
Banks - 2.7% | |||
Bank of America Corp. | 2,432 | 64,059 | |
Credicorp Ltd. (United States) | 253 | 31,615 | |
FinecoBank SpA | 1,536 | 18,065 | |
JPMorgan Chase & Co. | 786 | 109,301 | |
KBC Group NV | 396 | 21,746 | |
PNC Financial Services Group, Inc. | 278 | 31,823 | |
PT Bank Central Asia Tbk | 53,349 | 29,391 | |
306,000 | |||
Capital Markets - 3.5% | |||
Avanza Bank Holding AB | 742 | 12,497 | |
Banca Generali SpA | 585 | 18,953 | |
Bolsa Mexicana de Valores S.A.B. de CV | 13,232 | 20,631 | |
Brookfield Corp. (Canada) Class A | 823 | 23,976 | |
Charles Schwab Corp. | 796 | 41,424 | |
CME Group, Inc. | 209 | 44,613 | |
HUB24 Ltd. | 1,140 | 22,011 | |
Moody's Corp. | 120 | 36,960 | |
Morningstar, Inc. | 154 | 38,999 | |
Netwealth Group Ltd. | 1,886 | 15,324 | |
Nordnet AB | 1,221 | 17,228 | |
Partners Group Holding AG | 19 | 19,985 | |
S&P Global, Inc. | 147 | 51,349 | |
VZ Holding AG | 239 | 23,436 | |
387,386 | |||
Financial Services - 2.5% | |||
Adyen BV (a)(b) | 30 | 20,235 | |
Block, Inc. Class A (a) | 528 | 21,252 | |
Edenred SA | 403 | 21,423 | |
Fiserv, Inc. (a) | 411 | 46,751 | |
Flywire Corp. (a) | 1,282 | 34,473 | |
Visa, Inc. Class A | 469 | 110,262 | |
Zenkoku Hosho Co. Ltd. | 657 | 21,010 | |
275,406 | |||
Insurance - 3.4% | |||
American Financial Group, Inc. | 313 | 34,230 | |
Arch Capital Group Ltd. (a) | 378 | 32,765 | |
Arthur J. Gallagher & Co. | 185 | 43,566 | |
Assurant, Inc. | 240 | 35,736 | |
Chubb Ltd. | 268 | 57,518 | |
Globe Life, Inc. | 313 | 36,421 | |
Hannover Reuck SE | 142 | 31,297 | |
Qualitas Controladora S.A.B. de CV | 5,255 | 43,404 | |
Steadfast Group Ltd. | 5,820 | 20,013 | |
The Travelers Companies, Inc. | 252 | 42,195 | |
377,145 | |||
TOTAL FINANCIALS | 1,345,937 | ||
HEALTH CARE - 7.5% | |||
Biotechnology - 0.3% | |||
Repligen Corp. (a) | 159 | 21,395 | |
Zai Lab Ltd. (a) | 7,076 | 18,058 | |
39,453 | |||
Health Care Equipment & Supplies - 3.3% | |||
Align Technology, Inc. (a) | 128 | 23,628 | |
Boston Scientific Corp. (a) | 1,047 | 53,596 | |
Coloplast A/S Series B | 165 | 17,193 | |
Fisher & Paykel Healthcare Corp. | 1,258 | 15,259 | |
Hoya Corp. | 275 | 26,474 | |
IDEXX Laboratories, Inc. (a) | 83 | 33,156 | |
Inspire Medical Systems, Inc. (a) | 158 | 23,251 | |
Intuitive Surgical, Inc. (a) | 163 | 42,742 | |
Masimo Corp. (a) | 417 | 33,831 | |
ResMed, Inc. | 178 | 25,137 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) (a) | 486 | 18,999 | |
Straumann Holding AG | 192 | 22,574 | |
The Cooper Companies, Inc. | 113 | 35,228 | |
371,068 | |||
Health Care Providers & Services - 2.1% | |||
Apollo Hospitals Enterprise Ltd. | 437 | 25,296 | |
Humana, Inc. | 103 | 53,940 | |
Surgery Partners, Inc. (a) | 870 | 20,123 | |
UnitedHealth Group, Inc. | 247 | 132,283 | |
231,642 | |||
Health Care Technology - 0.3% | |||
Veeva Systems, Inc. Class A (a) | 159 | 30,641 | |
Life Sciences Tools & Services - 1.5% | |||
10X Genomics, Inc. (a) | 566 | 19,968 | |
Danaher Corp. | 287 | 55,110 | |
Lonza Group AG | 45 | 15,759 | |
Sartorius Stedim Biotech | 66 | 12,329 | |
West Pharmaceutical Services, Inc. | 131 | 41,696 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 3,155 | 19,617 | |
164,479 | |||
TOTAL HEALTH CARE | 837,283 | ||
INDUSTRIALS - 14.9% | |||
Aerospace & Defense - 1.2% | |||
HEICO Corp. | 226 | 35,801 | |
INVISIO AB | 1,159 | 17,402 | |
Northrop Grumman Corp. | 109 | 51,386 | |
Safran SA | 215 | 33,587 | |
138,176 | |||
Air Freight & Logistics - 1.2% | |||
C.H. Robinson Worldwide, Inc. | 428 | 35,023 | |
Delhivery Private Ltd. (a) | 4,535 | 22,506 | |
DHL Group | 725 | 28,199 | |
DSV A/S | 145 | 21,625 | |
ZTO Express, Inc. sponsored ADR | 919 | 21,661 | |
129,014 | |||
Building Products - 1.1% | |||
ASSA ABLOY AB (B Shares) | 1,195 | 25,472 | |
Kingspan Group PLC (Ireland) | 315 | 21,158 | |
Reliance Worldwide Corp. Ltd. | 7,856 | 17,511 | |
The AZEK Co., Inc. (a) | 1,066 | 27,929 | |
Trex Co., Inc. (a) | 505 | 28,386 | |
120,456 | |||
Commercial Services & Supplies - 1.5% | |||
Casella Waste Systems, Inc. Class A (a) | 455 | 34,330 | |
Cintas Corp. | 84 | 42,598 | |
Copart, Inc. | 1,184 | 51,528 | |
GFL Environmental, Inc. | 625 | 18,005 | |
Waste Connections, Inc. (Canada) | 135 | 17,480 | |
163,941 | |||
Electrical Equipment - 1.2% | |||
AMETEK, Inc. | 283 | 39,838 | |
Eaton Corp. PLC | 258 | 53,641 | |
Generac Holdings, Inc. (a) | 305 | 25,641 | |
Nidec Corp. | 481 | 17,644 | |
136,764 | |||
Ground Transportation - 0.7% | |||
Localiza Rent a Car SA | 2,311 | 23,317 | |
Old Dominion Freight Lines, Inc. | 99 | 37,289 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 13,622 | 21,155 | |
81,761 | |||
Industrial Conglomerates - 1.0% | |||
General Electric Co. | 548 | 59,529 | |
Honeywell International, Inc. | 284 | 52,046 | |
111,575 | |||
Machinery - 2.4% | |||
Atlas Copco AB (A Shares) | 2,298 | 29,757 | |
Fortive Corp. | 554 | 36,165 | |
IDEX Corp. | 167 | 31,965 | |
Indutrade AB | 1,208 | 21,336 | |
Japan Steel Works Ltd. | 966 | 15,673 | |
Minebea Mitsumi, Inc. | 935 | 14,660 | |
Misumi Group, Inc. | 855 | 12,944 | |
Miura Co. Ltd. | 820 | 15,899 | |
Rational AG | 22 | 12,512 | |
SMC Corp. | 48 | 22,165 | |
Tocalo Co. Ltd. | 1,606 | 14,516 | |
VAT Group AG (b) | 53 | 18,685 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 4,467 | 16,352 | |
262,629 | |||
Marine Transportation - 0.1% | |||
SITC International Holdings Co. Ltd. | 8,782 | 13,528 | |
Passenger Airlines - 0.2% | |||
Ryanair Holdings PLC sponsored ADR (a) | 221 | 19,382 | |
Professional Services - 3.3% | |||
BayCurrent Consulting, Inc. | 540 | 13,558 | |
Centre Testing International Group Co. Ltd. (A Shares) | 4,438 | 9,184 | |
Ceridian HCM Holding, Inc. (a) | 584 | 37,382 | |
Equifax, Inc. | 198 | 33,575 | |
Experian PLC | 879 | 26,613 | |
Funai Soken Holdings, Inc. | 852 | 14,003 | |
Headhunter Group PLC ADR (a)(c) | 622 | 1,693 | |
Paycom Software, Inc. | 120 | 29,396 | |
Recruit Holdings Co. Ltd. | 903 | 25,891 | |
RELX PLC (London Stock Exchange) | 939 | 32,797 | |
Sporton International, Inc. | 3,398 | 22,414 | |
Thomson Reuters Corp. | 225 | 26,951 | |
TriNet Group, Inc. (a) | 289 | 29,695 | |
Verisk Analytics, Inc. | 195 | 44,335 | |
Wolters Kluwer NV | 161 | 20,630 | |
368,117 | |||
Trading Companies & Distributors - 1.0% | |||
AddTech AB (B Shares) | 979 | 14,331 | |
Ashtead Group PLC | 479 | 27,387 | |
Azelis Group NV | 826 | 14,071 | |
Ferguson PLC | 284 | 42,657 | |
IMCD NV | 158 | 18,975 | |
117,421 | |||
TOTAL INDUSTRIALS | 1,662,764 | ||
INFORMATION TECHNOLOGY - 20.6% | |||
Electronic Equipment, Instruments & Components - 1.9% | |||
Amphenol Corp. Class A | 526 | 42,369 | |
Azbil Corp. | 666 | 19,679 | |
CDW Corp. | 223 | 44,689 | |
Keyence Corp. | 84 | 32,518 | |
Lagercrantz Group AB (B Shares) | 2,284 | 20,809 | |
Murata Manufacturing Co. Ltd. | 1,428 | 24,461 | |
Teledyne Technologies, Inc. (a) | 84 | 31,466 | |
215,991 | |||
IT Services - 1.9% | |||
Cloudflare, Inc. (a) | 613 | 34,751 | |
Kainos Group PLC | 981 | 13,378 | |
Nagarro SE (a) | 139 | 9,773 | |
SHIFT, Inc. (a) | 109 | 19,777 | |
Shopify, Inc. Class A (a) | 364 | 17,177 | |
Softcat PLC | 1,081 | 16,621 | |
Tata Consultancy Services Ltd. | 842 | 34,077 | |
Twilio, Inc. Class A (a) | 517 | 26,501 | |
VeriSign, Inc. (a) | 191 | 38,135 | |
210,190 | |||
Semiconductors & Semiconductor Equipment - 5.8% | |||
Advantest Corp. | 692 | 17,825 | |
ASM International NV (Netherlands) | 58 | 23,842 | |
ASML Holding NV (Netherlands) | 108 | 64,921 | |
BE Semiconductor Industries NV | 189 | 19,458 | |
Disco Corp. | 134 | 23,664 | |
eMemory Technology, Inc. | 499 | 31,239 | |
Monolithic Power Systems, Inc. | 88 | 38,873 | |
NVIDIA Corp. | 543 | 221,435 | |
Silicon Laboratories, Inc. (a) | 339 | 31,249 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 6,368 | 103,925 | |
Teradyne, Inc. | 356 | 29,644 | |
Tokyo Electron Ltd. | 269 | 35,545 | |
641,620 | |||
Software - 10.6% | |||
Adobe, Inc. (a) | 146 | 77,681 | |
ANSYS, Inc. (a) | 120 | 33,391 | |
Atlassian Corp. PLC (a) | 143 | 25,832 | |
ATOSS Software AG | 90 | 18,951 | |
Bill Holdings, Inc. (a) | 408 | 37,246 | |
Confluent, Inc. (a) | 1,109 | 32,061 | |
Constellation Software, Inc. | 17 | 34,080 | |
Constellation Software, Inc. warrants 8/22/28 (a)(c) | 17 | 0 | |
Dassault Systemes SA | 758 | 31,225 | |
Fortnox AB | 3,520 | 13,919 | |
HubSpot, Inc. (a) | 98 | 41,529 | |
Lumine Group, Inc. | 1,322 | 16,626 | |
Microsoft Corp. | 1,462 | 494,315 | |
Money Forward, Inc. (a) | 614 | 15,508 | |
Procore Technologies, Inc. (a) | 587 | 35,860 | |
Salesforce, Inc. (a) | 370 | 74,307 | |
SAP SE | 332 | 44,532 | |
ServiceNow, Inc. (a) | 88 | 51,203 | |
Synopsys, Inc. (a) | 99 | 46,475 | |
Topicus.Com, Inc. (a) | 259 | 17,054 | |
Workday, Inc. Class A (a) | 180 | 38,108 | |
1,179,903 | |||
Technology Hardware, Storage & Peripherals - 0.4% | |||
Seagate Technology Holdings PLC | 597 | 40,745 | |
TOTAL INFORMATION TECHNOLOGY | 2,288,449 | ||
MATERIALS - 4.3% | |||
Chemicals - 2.7% | |||
Air Products & Chemicals, Inc. | 151 | 42,648 | |
Ecolab, Inc. | 222 | 37,238 | |
Givaudan SA | 8 | 26,560 | |
Linde PLC | 159 | 60,763 | |
NOF Corp. | 431 | 17,003 | |
Shin-Etsu Chemical Co. Ltd. | 1,086 | 32,475 | |
Sika AG | 119 | 28,375 | |
Solar Industries India Ltd. | 438 | 28,925 | |
Symrise AG | 185 | 18,905 | |
292,892 | |||
Construction Materials - 0.8% | |||
Martin Marietta Materials, Inc. | 113 | 46,210 | |
Vulcan Materials Co. | 234 | 45,979 | |
92,189 | |||
Metals & Mining - 0.8% | |||
First Quantum Minerals Ltd. | 931 | 10,789 | |
Freeport-McMoRan, Inc. | 1,128 | 38,104 | |
Press Metal Aluminium Holdings | 19,537 | 20,195 | |
Ternium SA sponsored ADR | 583 | 21,857 | |
90,945 | |||
TOTAL MATERIALS | 476,026 | ||
REAL ESTATE - 4.2% | |||
Equity Real Estate Investment Trusts (REITs) - 2.8% | |||
American Tower Corp. | 255 | 45,438 | |
Big Yellow Group PLC | 1,115 | 12,942 | |
Embassy Office Parks (REIT) | 6,240 | 23,344 | |
Equinix, Inc. | 63 | 45,967 | |
Equity Lifestyle Properties, Inc. | 518 | 34,084 | |
Extra Space Storage, Inc. | 210 | 21,754 | |
National Storage REIT unit | 15,614 | 19,908 | |
Prologis (REIT), Inc. | 385 | 38,789 | |
Safestore Holdings PLC | 1,505 | 12,503 | |
Segro PLC | 1,591 | 13,784 | |
Sun Communities, Inc. | 248 | 27,588 | |
Warehouses de Pauw | 822 | 20,283 | |
316,384 | |||
Real Estate Management & Development - 1.4% | |||
Ayala Land, Inc. | 36,338 | 17,838 | |
CBRE Group, Inc. (a) | 454 | 31,480 | |
Colliers International Group, Inc. | 176 | 15,955 | |
CoStar Group, Inc. (a) | 490 | 35,971 | |
Grainger Trust PLC | 6,615 | 18,283 | |
Katitas Co. Ltd. | 926 | 12,360 | |
Oberoi Realty Ltd. | 1,739 | 23,761 | |
155,648 | |||
TOTAL REAL ESTATE | 472,032 | ||
UTILITIES - 0.6% | |||
Electric Utilities - 0.4% | |||
Constellation Energy Corp. | 427 | 48,217 | |
Gas Utilities - 0.2% | |||
Nippon Gas Co. Ltd. | 1,244 | 18,697 | |
TOTAL UTILITIES | 66,914 | ||
TOTAL COMMON STOCKS (Cost $10,092,294) | 10,965,939 | ||
Nonconvertible Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
HEALTH CARE - 0.2% | |||
Life Sciences Tools & Services - 0.2% | |||
Sartorius AG (non-vtg.) | 63 | 15,745 | |
INDUSTRIALS - 0.2% | |||
Passenger Airlines - 0.2% | |||
Azul SA (a) | 9,189 | 23,475 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $36,715) | 39,220 | ||
Money Market Funds - 1.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) (Cost $160,448) | 160,416 | 160,448 | |
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $10,289,457) | 11,165,607 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (32,004) |
NET ASSETS - 100.0% | 11,133,603 |
(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 $58,537 or 0.5% of net assets. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | - | 1,941,742 | 1,781,294 | 4,870 | - | - | 160,448 | 0.0% |
Total | - | 1,941,742 | 1,781,294 | 4,870 | - | - | 160,448 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 857,467 | 728,842 | 128,625 | - |
Consumer Discretionary | 2,105,273 | 1,665,073 | 440,200 | - |
Consumer Staples | 610,520 | 463,684 | 146,836 | - |
Energy | 243,274 | 209,764 | 33,510 | - |
Financials | 1,345,937 | 1,217,953 | 127,984 | - |
Health Care | 853,028 | 713,566 | 139,462 | - |
Industrials | 1,686,239 | 1,294,485 | 390,061 | 1,693 |
Information Technology | 2,288,449 | 1,789,553 | 498,896 | - |
Materials | 476,026 | 358,523 | 117,503 | - |
Real Estate | 472,032 | 374,821 | 97,211 | - |
Utilities | 66,914 | 48,217 | 18,697 | - |
Money Market Funds | 160,448 | 160,448 | - | - |
Total Investments in Securities: | 11,165,607 | 9,024,929 | 2,138,985 | 1,693 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,129,009) | $ | 11,005,159 | ||
Fidelity Central Funds (cost $160,448) | 160,448 | |||
Total Investment in Securities (cost $10,289,457) | $ | 11,165,607 | ||
Cash | 8,120 | |||
Foreign currency held at value (cost $355) | 356 | |||
Receivable for fund shares sold | 4,947 | |||
Dividends receivable | 10,095 | |||
Distributions receivable from Fidelity Central Funds | 708 | |||
Prepaid expenses | 17 | |||
Receivable from investment adviser for expense reductions | 14,921 | |||
Total assets | 11,204,771 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 27,154 | ||
Accrued management fee | 2,929 | |||
Other affiliated payables | 2,833 | |||
Audit fee payable | 32,777 | |||
Other payables and accrued expenses | 5,475 | |||
Total Liabilities | 71,168 | |||
Net Assets | $ | 11,133,603 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,293,341 | ||
Total accumulated earnings (loss) | (159,738) | |||
Net Assets | $ | 11,133,603 | ||
Net Asset Value, offering price and redemption price per share ($11,133,603 ÷ 925,281 shares) | $ | 12.03 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 147,984 | ||
Income from Fidelity Central Funds | 4,870 | |||
Income before foreign taxes withheld | $ | 152,854 | ||
Less foreign taxes withheld | (11,638) | |||
Total Income | 141,216 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 68,229 | ||
Performance adjustment | (22,092) | |||
Transfer agent fees | 30,668 | |||
Accounting fees and expenses | 4,202 | |||
Custodian fees and expenses | 8,671 | |||
Independent trustees' fees and expenses | 72 | |||
Registration fees | 22,472 | |||
Audit | 66,421 | |||
Legal | 428 | |||
Miscellaneous | 52 | |||
Total expenses before reductions | 179,123 | |||
Expense reductions | (67,283) | |||
Total expenses after reductions | 111,840 | |||
Net Investment income (loss) | 29,376 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $3,605) | (25,360) | |||
Foreign currency transactions | 372 | |||
Total net realized gain (loss) | (24,988) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $1,557) | 1,076,798 | |||
Assets and liabilities in foreign currencies | 243 | |||
Total change in net unrealized appreciation (depreciation) | 1,077,041 | |||
Net gain (loss) | 1,052,053 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,081,429 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 29,376 | $ | 8,806 |
Net realized gain (loss) | (24,988) | (933,940) | ||
Change in net unrealized appreciation (depreciation) | 1,077,041 | (6,033,124) | ||
Net increase (decrease) in net assets resulting from operations | 1,081,429 | (6,958,258) | ||
Distributions to shareholders | - | (572,700) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,803,511 | 3,817,785 | ||
Reinvestment of distributions | - | 537,633 | ||
Cost of shares redeemed | (2,959,519) | (7,108,348) | ||
Net increase (decrease) in net assets resulting from share transactions | (1,156,008) | (2,752,930) | ||
Total increase (decrease) in net assets | (74,579) | (10,283,888) | ||
Net Assets | ||||
Beginning of period | 11,208,182 | 21,492,070 | ||
End of period | $ | 11,133,603 | $ | 11,208,182 |
Other Information | ||||
Shares | ||||
Sold | 142,807 | 278,587 | ||
Issued in reinvestment of distributions | - | 33,571 | ||
Redeemed | (242,007) | (575,644) | ||
Net increase (decrease) | (99,200) | (263,486) | ||
Fidelity® Enduring Opportunities Fund |
Years ended October 31, | 2023 | 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 | .03 | .01 | (.04) | (.01) | ||||
Net realized and unrealized gain (loss) | 1.06 | (5.32) | 4.82 | 1.93 | ||||
Total from investment operations | 1.09 | (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 | $ | 12.03 | $ | 10.94 | $ | 16.69 | $ | 11.91 |
Total Return E,F | 9.96% | (32.65)% | 40.13% | 19.22% | ||||
Ratios to Average Net Assets C,G,H | ||||||||
Expenses before reductions | 1.51% | 1.41% | 1.70% | 2.63% I | ||||
Expenses net of fee waivers, if any | .94% | .98% | 1.08% | 1.10% I | ||||
Expenses net of all reductions | .94% | .98% | 1.08% | 1.09% I | ||||
Net investment income (loss) | .25% | .05% | (.25)% | (.10)% I | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 11,134 | $ | 11,208 | $ | 21,492 | $ | 10,055 |
Portfolio turnover rate J | 19% | 15% | 23% | 17% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $2,185,990 |
Gross unrealized depreciation | (1,343,389) |
Net unrealized appreciation (depreciation) | $842,601 |
Tax Cost | $10,323,006 |
Undistributed ordinary income | $30,401 |
Capital loss carryforward | $(1,028,754) |
Net unrealized appreciation (depreciation) on securities and other investments | $842,438 |
Short-term | $(472,241) |
Long-term | (556,513) |
Total capital loss carryforward | $(1,028,754) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $- | $161,718 |
Long-term Capital Gains | - | 410,982 |
Total | $- | $572,700 |
Purchases ($) | Sales ($) | |
Fidelity Enduring Opportunities Fund | 2,287,178 | 3,499,541 |
% of Average Net Assets | |
Fidelity Enduring Opportunities Fund | .04 |
% of Average Net Assets | |
Fidelity Enduring Opportunities Fund | 0.0354% |
Amount | |
Fidelity Enduring Opportunities Fund | $12 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Enduring Opportunities Fund | 7,377 | 89,417 | 15,966 |
Amount | |
Fidelity Enduring Opportunities Fund | $22 |
Fund | Affiliated % |
Fidelity Enduring Opportunities 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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Enduring Opportunities Fund ** | .94% | |||||||||
Actual | $ 1,000 | $ 967.80 | $ 4.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.47 | $ 4.79 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Enduring Opportunities Fund | .88% | |||||
Actual | $ 4.37 | |||||
Hypothetical- B | $ 4.48 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | -2.22% | 1.84% | 3.87% |
Class M (incl. 3.50% sales charge) | -0.19% | 2.05% | 3.83% |
Class C (incl. contingent deferred sales charge) | 1.97% | 2.27% | 3.84% |
Fidelity® International Small Cap Opportunities Fund | 4.11% | 3.38% | 4.80% |
Class I | 4.02% | 3.35% | 4.79% |
Class Z | 4.19% | 3.49% | 4.86% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® International Small Cap Opportunities Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Small Cap Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Spectris PLC (United Kingdom, Electronic Equipment, Instruments & Components) | 3.7 | |
Azbil Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.7 | |
AddTech AB (B Shares) (Sweden, Trading Companies & Distributors) | 3.5 | |
Lagercrantz Group AB (B Shares) (Sweden, Electronic Equipment, Instruments & Components) | 3.3 | |
CTS Eventim AG (Germany, Entertainment) | 3.0 | |
Interpump Group SpA (Italy, Machinery) | 2.8 | |
Aalberts Industries NV (Netherlands, Machinery) | 2.4 | |
Morningstar, Inc. (United States of America, Capital Markets) | 2.3 | |
SHO-BOND Holdings Co. Ltd. (Japan, Construction & Engineering) | 2.0 | |
OBIC Co. Ltd. (Japan, IT Services) | 2.0 | |
28.7 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 30.3 | |
Information Technology | 21.3 | |
Consumer Discretionary | 9.9 | |
Health Care | 7.8 | |
Communication Services | 7.1 | |
Financials | 4.8 | |
Consumer Staples | 4.7 | |
Materials | 3.1 | |
Real Estate | 2.2 | |
Energy | 2.0 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 93.2% | |||
Shares | Value ($) | ||
Australia - 1.0% | |||
Imdex Ltd. | 4,147,753 | 4,350,615 | |
Steadfast Group Ltd. | 1,715,000 | 5,897,446 | |
TOTAL AUSTRALIA | 10,248,061 | ||
Belgium - 1.6% | |||
Azelis Group NV | 305,300 | 5,200,911 | |
KBC Ancora | 273,989 | 10,349,707 | |
TOTAL BELGIUM | 15,550,618 | ||
Canada - 3.9% | |||
CAE, Inc. (a) | 446,900 | 9,332,774 | |
McCoy Global, Inc. | 630,215 | 686,227 | |
Osisko Gold Royalties Ltd. | 370,000 | 4,522,445 | |
Pason Systems, Inc. | 492,300 | 4,717,986 | |
Richelieu Hardware Ltd. | 620,663 | 18,565,063 | |
TOTAL CANADA | 37,824,495 | ||
China - 0.5% | |||
Chlitina Holding Ltd. | 829,500 | 4,991,580 | |
Denmark - 0.5% | |||
Spar Nord Bank A/S | 346,634 | 5,248,345 | |
Egypt - 0.2% | |||
Integrated Diagnostics Holdings PLC (a)(b) | 5,996,716 | 2,284,749 | |
Finland - 0.7% | |||
Musti Group OYJ | 341,496 | 6,724,480 | |
France - 2.9% | |||
Laurent-Perrier Group SA | 35,632 | 4,448,862 | |
Lectra | 426,210 | 10,778,250 | |
LISI | 155,310 | 3,590,687 | |
Vetoquinol SA | 112,417 | 9,480,190 | |
TOTAL FRANCE | 28,297,989 | ||
Germany - 6.7% | |||
CTS Eventim AG | 481,054 | 29,038,635 | |
Nexus AG | 291,358 | 14,196,566 | |
Rheinmetall AG | 35,000 | 10,013,858 | |
Scout24 AG (b) | 117,200 | 7,195,021 | |
Stabilus Se | 78,636 | 4,983,965 | |
TOTAL GERMANY | 65,428,045 | ||
India - 0.3% | |||
Embassy Office Parks (REIT) | 661,870 | 2,476,036 | |
Ireland - 1.9% | |||
AerCap Holdings NV (a)(c) | 155,000 | 9,628,600 | |
Cairn Homes PLC | 4,286,800 | 5,028,027 | |
Irish Residential Properties REIT PLC | 3,923,200 | 3,777,535 | |
TOTAL IRELAND | 18,434,162 | ||
Israel - 1.6% | |||
Ituran Location & Control Ltd. | 355,577 | 8,793,419 | |
NICE Ltd. sponsored ADR (a) | 26,500 | 4,090,275 | |
Tel Aviv Stock Exchange Ltd. (a) | 674,096 | 3,001,912 | |
TOTAL ISRAEL | 15,885,606 | ||
Italy - 2.8% | |||
Interpump Group SpA | 646,943 | 26,970,497 | |
Japan - 32.1% | |||
Ai Holdings Corp. | 157,100 | 2,431,967 | |
Aoki Super Co. Ltd. | 175,000 | 2,982,302 | |
Artnature, Inc. | 483,700 | 2,583,452 | |
Aucnet, Inc. (c) | 306,977 | 3,574,100 | |
Azbil Corp. | 1,215,592 | 35,919,125 | |
Broadleaf Co. Ltd. | 2,509,998 | 8,870,809 | |
Central Automotive Products Ltd. | 151,500 | 3,393,092 | |
Curves Holdings Co. Ltd. | 2,240,026 | 9,771,360 | |
Daiichikosho Co. Ltd. | 672,600 | 9,942,010 | |
Daikokutenbussan Co. Ltd. | 67,500 | 2,860,580 | |
Digital Hearts Holdings Co. Ltd. | 529,314 | 3,221,952 | |
Fujitec Co. Ltd. | 203,000 | 4,407,154 | |
Funai Soken Holdings, Inc. | 290,650 | 4,777,097 | |
Goldcrest Co. Ltd. | 595,530 | 8,492,452 | |
Iwatsuka Confectionary Co. Ltd. | 18,900 | 636,607 | |
Kobayashi Pharmaceutical Co. Ltd. | 160,550 | 6,628,030 | |
Koshidaka Holdings Co. Ltd. | 1,472,400 | 10,475,586 | |
Kusuri No Aoki Holdings Co. Ltd. | 78,500 | 5,143,136 | |
Lasertec Corp. | 80,144 | 13,238,204 | |
Medikit Co. Ltd. | 294,400 | 5,200,893 | |
Miroku Jyoho Service Co., Ltd. (c) | 238,400 | 2,441,590 | |
Misumi Group, Inc. | 660,268 | 9,995,575 | |
Mitsuboshi Belting Ltd. | 89,780 | 2,591,852 | |
Nagaileben Co. Ltd. | 671,327 | 9,264,213 | |
Nihon Parkerizing Co. Ltd. | 1,657,100 | 12,026,537 | |
NS Tool Co. Ltd. | 554,700 | 3,978,095 | |
NSD Co. Ltd. | 476,349 | 8,287,944 | |
OBIC Co. Ltd. | 130,600 | 19,304,816 | |
OSG Corp. | 809,800 | 9,240,298 | |
Paramount Bed Holdings Co. Ltd. | 217,220 | 3,700,920 | |
ProNexus, Inc. | 497,100 | 3,871,503 | |
San-Ai Obbli Co. Ltd. | 574,300 | 6,201,003 | |
SHO-BOND Holdings Co. Ltd. | 502,100 | 19,774,236 | |
Shoei Co. Ltd. | 517,604 | 6,896,436 | |
SK Kaken Co. Ltd. | 200,400 | 9,366,659 | |
Software Service, Inc. | 67,600 | 3,851,747 | |
Techno Medica Co. Ltd. | 80,791 | 1,220,988 | |
The Monogatari Corp. | 282,600 | 7,652,965 | |
TIS, Inc. | 211,800 | 4,535,666 | |
Tocalo Co. Ltd. | 540,636 | 4,886,682 | |
USS Co. Ltd. | 632,100 | 11,048,411 | |
YAKUODO Holdings Co. Ltd. | 251,900 | 4,639,857 | |
YONEX Co. Ltd. | 370,400 | 4,012,857 | |
TOTAL JAPAN | 313,340,758 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 751,217 | 62,123 | |
Korea (South) - 0.5% | |||
BGF Retail Co. Ltd. | 44,596 | 4,553,700 | |
Netherlands - 5.0% | |||
Aalberts Industries NV | 762,980 | 23,751,035 | |
BE Semiconductor Industries NV | 110,000 | 11,324,844 | |
IMCD NV | 114,517 | 13,752,845 | |
TOTAL NETHERLANDS | 48,828,724 | ||
Norway - 2.3% | |||
Kongsberg Gruppen ASA | 427,281 | 17,441,680 | |
Medistim ASA | 175,242 | 3,035,492 | |
Volue A/S (a) | 963,944 | 1,617,079 | |
TOTAL NORWAY | 22,094,251 | ||
Spain - 0.3% | |||
Fluidra SA | 145,001 | 2,549,933 | |
Sweden - 11.3% | |||
Addlife AB | 604,344 | 3,936,036 | |
AddTech AB (B Shares) | 2,354,665 | 34,468,442 | |
Autoliv, Inc. | 154,800 | 14,187,420 | |
Bergman & Beving AB (B Shares) | 417,154 | 5,590,729 | |
Hemnet Group AB | 570,600 | 9,901,520 | |
INVISIO AB | 374,778 | 5,627,151 | |
John Mattson Fastighetsforetag (a)(c) | 471,026 | 2,253,339 | |
Lagercrantz Group AB (B Shares) | 3,556,312 | 32,401,214 | |
Teqnion AB (a)(c) | 72,885 | 1,341,808 | |
TOTAL SWEDEN | 109,707,659 | ||
Switzerland - 1.0% | |||
Tecan Group AG | 34,821 | 9,967,997 | |
Taiwan - 0.6% | |||
Addcn Technology Co. Ltd. | 940,535 | 5,748,366 | |
United Kingdom - 11.2% | |||
Bodycote PLC | 2,056,267 | 14,345,923 | |
Clarkson PLC | 184,953 | 5,945,990 | |
Dechra Pharmaceuticals PLC | 106,495 | 4,929,050 | |
DP Poland PLC (a) | 15,541,591 | 1,511,202 | |
Howden Joinery Group PLC | 1,461,900 | 11,329,300 | |
InterContinental Hotel Group PLC ADR | 172,000 | 12,406,360 | |
Rightmove PLC | 1,386,393 | 7,970,482 | |
Sage Group PLC | 345,000 | 4,070,019 | |
Spectris PLC | 963,878 | 36,317,913 | |
Spirax-Sarco Engineering PLC | 67,991 | 6,769,841 | |
Unite Group PLC | 364,800 | 3,850,896 | |
TOTAL UNITED KINGDOM | 109,446,976 | ||
United States of America - 4.3% | |||
Morningstar, Inc. | 87,400 | 22,133,176 | |
NOV, Inc. | 405,000 | 8,083,800 | |
PriceSmart, Inc. | 87,960 | 5,496,620 | |
ResMed, Inc. | 41,495 | 5,859,924 | |
TOTAL UNITED STATES OF AMERICA | 41,573,520 | ||
TOTAL COMMON STOCKS (Cost $764,462,153) | 908,238,670 | ||
Investment Companies - 1.5% | |||
Shares | Value ($) | ||
United States of America - 1.5% | |||
iShares MSCI EAFE Small-Cap ETF (Cost $15,847,316) | 280,000 | 15,066,800 | |
Money Market Funds - 5.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) | 47,744,983 | 47,754,532 | |
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) | 4,475,067 | 4,475,514 | |
TOTAL MONEY MARKET FUNDS (Cost $52,230,046) | 52,230,046 | ||
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $832,539,515) | 975,535,516 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (655,794) |
NET ASSETS - 100.0% | 974,879,722 |
ETF | - | EXCHANGE-TRADED FUND |
(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 $9,479,770 or 1.0% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 26,881,448 | 176,323,111 | 155,450,026 | 1,790,529 | - | (1) | 47,754,532 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.40% | 13,986,458 | 255,492,566 | 265,003,510 | 108,177 | - | - | 4,475,514 | 0.0% |
Total | 40,867,906 | 431,815,677 | 420,453,536 | 1,898,706 | - | (1) | 52,230,046 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 69,858,157 | 54,167,781 | 15,690,376 | - |
Consumer Discretionary | 96,682,296 | 39,857,489 | 56,824,807 | - |
Consumer Staples | 44,964,726 | 9,945,482 | 35,019,244 | - |
Energy | 19,689,016 | 13,488,013 | 6,201,003 | - |
Financials | 46,630,586 | 40,733,140 | 5,897,446 | - |
Health Care | 76,928,765 | 53,690,004 | 23,238,761 | - |
Industrials | 294,723,524 | 231,201,032 | 63,522,492 | - |
Information Technology | 207,645,086 | 109,393,013 | 98,252,073 | - |
Materials | 30,266,256 | 4,522,445 | 25,743,811 | - |
Real Estate | 20,850,258 | 9,881,770 | 10,968,488 | - |
Investment Companies | 15,066,800 | 15,066,800 | - | - |
Money Market Funds | 52,230,046 | 52,230,046 | - | - |
Total Investments in Securities: | 975,535,516 | 634,177,015 | 341,358,501 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $4,323,729) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $780,309,469) | $ | 923,305,470 | ||
Fidelity Central Funds (cost $52,230,046) | 52,230,046 | |||
Total Investment in Securities (cost $832,539,515) | $ | 975,535,516 | ||
Cash | 74,459 | |||
Foreign currency held at value (cost $100,160) | 100,085 | |||
Receivable for investments sold | 35,453 | |||
Receivable for fund shares sold | 491,624 | |||
Dividends receivable | 2,966,316 | |||
Reclaims receivable | 1,623,697 | |||
Distributions receivable from Fidelity Central Funds | 233,589 | |||
Prepaid expenses | 1,511 | |||
Other receivables | 2,926 | |||
Total assets | 981,065,176 | |||
Liabilities | ||||
Payable for investments purchased | $ | 336,038 | ||
Payable for fund shares redeemed | 638,589 | |||
Accrued management fee | 515,471 | |||
Distribution and service plan fees payable | 11,445 | |||
Other affiliated payables | 156,736 | |||
Other payables and accrued expenses | 48,051 | |||
Collateral on securities loaned | 4,479,124 | |||
Total Liabilities | 6,185,454 | |||
Net Assets | $ | 974,879,722 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 794,709,014 | ||
Total accumulated earnings (loss) | 180,170,708 | |||
Net Assets | $ | 974,879,722 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($26,559,237 ÷ 1,585,764 shares)(a) | $ | 16.75 | ||
Maximum offering price per share (100/94.25 of $16.75) | $ | 17.77 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($9,588,774 ÷ 583,453 shares)(a) | $ | 16.43 | ||
Maximum offering price per share (100/96.50 of $16.43) | $ | 17.03 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,035,719 ÷ 130,180 shares)(a) | $ | 15.64 | ||
International Small Cap Opportunities : | ||||
Net Asset Value, offering price and redemption price per share ($632,320,222 ÷ 36,941,373 shares) | $ | 17.12 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($81,122,052 ÷ 4,747,579 shares) | $ | 17.09 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($223,253,718 ÷ 13,076,229 shares) | $ | 17.07 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 20,159,488 | ||
Income from Fidelity Central Funds (including $108,177 from security lending) | 1,898,706 | |||
Income before foreign taxes withheld | $ | 22,058,194 | ||
Less foreign taxes withheld | (1,917,777) | |||
Total Income | 20,140,417 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 8,908,675 | ||
Performance adjustment | (533,939) | |||
Transfer agent fees | 1,481,005 | |||
Distribution and service plan fees | 158,794 | |||
Accounting fees | 478,109 | |||
Custodian fees and expenses | 89,031 | |||
Independent trustees' fees and expenses | 6,359 | |||
Registration fees | 94,504 | |||
Audit | 89,814 | |||
Legal | 1,327 | |||
Interest | 4,911 | |||
Miscellaneous | 5,294 | |||
Total expenses before reductions | 10,783,884 | |||
Expense reductions | (65,390) | |||
Total expenses after reductions | 10,718,494 | |||
Net Investment income (loss) | 9,421,923 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $391,791) | 34,721,508 | |||
Foreign currency transactions | (120,059) | |||
Total net realized gain (loss) | 34,601,449 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $650,013) | 5,986,825 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 145,561 | |||
Total change in net unrealized appreciation (depreciation) | 6,132,385 | |||
Net gain (loss) | 40,733,834 | |||
Net increase (decrease) in net assets resulting from operations | $ | 50,155,757 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 9,421,923 | $ | 8,172,300 |
Net realized gain (loss) | 34,601,449 | 72,325,342 | ||
Change in net unrealized appreciation (depreciation) | 6,132,385 | (657,801,200) �� | ||
Net increase (decrease) in net assets resulting from operations | 50,155,757 | (577,303,558) | ||
Distributions to shareholders | (64,708,392) | (145,923,001) | ||
Share transactions - net increase (decrease) | (52,713,432) | (23,291,061) | ||
Total increase (decrease) in net assets | (67,266,067) | (746,517,620) | ||
Net Assets | ||||
Beginning of period | 1,042,145,789 | 1,788,663,409 | ||
End of period | $ | 974,879,722 | $ | 1,042,145,789 |
Fidelity Advisor® International Small Cap Opportunities Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 17.17 | $ | 28.35 | $ | 20.86 | $ | 19.02 | $ | 17.33 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .10 | .06 | (.06) | (.04) | .11 | |||||
Net realized and unrealized gain (loss) | .61 | (8.93) | 7.55 | 2.05 | 2.01 | |||||
Total from investment operations | .71 | (8.87) | 7.49 | 2.01 | 2.12 | |||||
Distributions from net investment income | - | - | - | (.11) | (.11) | |||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | |||||
Total distributions | (1.13) | (2.31) | - | (.17) C | (.43) C | |||||
Net asset value, end of period | $ | 16.75 | $ | 17.17 | $ | 28.35 | $ | 20.86 | $ | 19.02 |
Total Return D,E | 3.74% | (33.79)% | 35.91% | 10.58% | 12.61% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.31% | 1.49% | 1.50% | 1.57% | 1.49% | |||||
Expenses net of fee waivers, if any | 1.31% | 1.48% | 1.50% | 1.57% | 1.49% | |||||
Expenses net of all reductions | 1.31% | 1.48% | 1.50% | 1.56% | 1.48% | |||||
Net investment income (loss) | .56% | .30% | (.25)% | (.20)% | .64% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 26,559 | $ | 26,380 | $ | 45,981 | $ | 37,771 | $ | 41,679 |
Portfolio turnover rate H | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 16.91 | $ | 28.02 | $ | 20.67 | $ | 18.85 | $ | 17.17 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .06 | .01 | (.13) | (.09) | .06 | |||||
Net realized and unrealized gain (loss) | .59 | (8.81) | 7.48 | 2.03 | 1.99 | |||||
Total from investment operations | .65 | (8.80) | 7.35 | 1.94 | 2.05 | |||||
Distributions from net investment income | - | - | - | (.06) | (.06) | |||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | |||||
Total distributions | (1.13) | (2.31) | - | (.12) C | (.37) | |||||
Net asset value, end of period | $ | 16.43 | $ | 16.91 | $ | 28.02 | $ | 20.67 | $ | 18.85 |
Total Return D,E | 3.43% | (33.95)% | 35.56% | 10.29% | 12.29% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.57% | 1.74% | 1.75% | 1.84% | 1.77% | |||||
Expenses net of fee waivers, if any | 1.56% | 1.74% | 1.75% | 1.84% | 1.77% | |||||
Expenses net of all reductions | 1.56% | 1.74% | 1.75% | 1.83% | 1.77% | |||||
Net investment income (loss) | .31% | .05% | (.50)% | (.47)% | .36% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 9,589 | $ | 10,115 | $ | 16,378 | $ | 13,141 | $ | 13,875 |
Portfolio turnover rate H | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 16.22 | $ | 27.10 | $ | 20.09 | $ | 18.31 | $ | 16.69 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | (.04) | (.09) | (.25) | (.18) | (.02) | |||||
Net realized and unrealized gain (loss) | .59 | (8.48) | 7.26 | 1.96 | 1.93 | |||||
Total from investment operations | .55 | (8.57) | 7.01 | 1.78 | 1.91 | |||||
Distributions from net realized gain | (1.13) | (2.31) | - | - | (.29) | |||||
Total distributions | (1.13) | (2.31) | - | - | (.29) | |||||
Net asset value, end of period | $ | 15.64 | $ | 16.22 | $ | 27.10 | $ | 20.09 | $ | 18.31 |
Total Return C,D | 2.93% | (34.28)% | 34.89% | 9.72% | 11.74% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 2.10% | 2.26% | 2.26% | 2.33% | 2.27% | |||||
Expenses net of fee waivers, if any | 2.10% | 2.25% | 2.26% | 2.33% | 2.26% | |||||
Expenses net of all reductions | 2.10% | 2.25% | 2.26% | 2.33% | 2.26% | |||||
Net investment income (loss) | (.23)% | (.47)% | (1.01)% | (.96)% | (.13)% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 2,036 | $ | 3,314 | $ | 6,770 | $ | 7,253 | $ | 9,424 |
Portfolio turnover rate G | 10% | 13% | 21% | 20% | 17% |
Fidelity® International Small Cap Opportunities Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 17.47 | $ | 28.77 | $ | 21.10 | $ | 19.24 | $ | 17.53 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .16 | .13 | .01 | .02 | .17 | |||||
Net realized and unrealized gain (loss) | .63 | (9.09) | 7.66 | 2.07 | 2.02 | |||||
Total from investment operations | .79 | (8.96) | 7.67 | 2.09 | 2.19 | |||||
Distributions from net investment income | - C | (.04) | - | (.17) | (.17) | |||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | |||||
Total distributions | (1.14) D | (2.34) D | - | (.23) D | (.48) | |||||
Net asset value, end of period | $ | 17.12 | $ | 17.47 | $ | 28.77 | $ | 21.10 | $ | 19.24 |
Total Return E | 4.11% | (33.62)% | 36.35% | 10.90% | 12.97% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | 1.01% | 1.19% | 1.21% | 1.26% | 1.19% | |||||
Expenses net of fee waivers, if any | 1.00% | 1.19% | 1.20% | 1.26% | 1.19% | |||||
Expenses net of all reductions | 1.00% | 1.19% | 1.20% | 1.25% | 1.19% | |||||
Net investment income (loss) | .87% | .60% | .05% | .11% | .94% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 632,320 | $ | 700,271 | $ | 1,268,421 | $ | 1,152,472 | $ | 1,040,989 |
Portfolio turnover rate H | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 17.46 | $ | 28.75 | $ | 21.09 | $ | 19.22 | $ | 17.51 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .15 | .13 | .01 | .02 | .17 | |||||
Net realized and unrealized gain (loss) | .62 | (9.07) | 7.65 | 2.07 | 2.02 | |||||
Total from investment operations | .77 | (8.94) | 7.66 | 2.09 | 2.19 | |||||
Distributions from net investment income | (.01) | (.04) | - | (.16) | (.16) | |||||
Distributions from net realized gain | (1.13) | (2.31) | - | (.05) | (.31) | |||||
Total distributions | (1.14) | (2.35) | - | (.22) C | (.48) C | |||||
Net asset value, end of period | $ | 17.09 | $ | 17.46 | $ | 28.75 | $ | 21.09 | $ | 19.22 |
Total Return D | 4.02% | (33.60)% | 36.32% | 10.90% | 12.93% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.05% | 1.20% | 1.22% | 1.28% | 1.20% | |||||
Expenses net of fee waivers, if any | 1.04% | 1.19% | 1.22% | 1.27% | 1.19% | |||||
Expenses net of all reductions | 1.04% | 1.19% | 1.22% | 1.27% | 1.19% | |||||
Net investment income (loss) | .83% | .59% | .04% | .09% | .93% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 81,122 | $ | 82,705 | $ | 141,310 | $ | 113,041 | $ | 142,854 |
Portfolio turnover rate G | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 17.44 | $ | 28.73 | $ | 21.05 | $ | 19.20 | $ | 17.51 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .18 | .15 | .04 | .05 | .19 | |||||
Net realized and unrealized gain (loss) | .62 | (9.05) | 7.64 | 2.05 | 2.02 | |||||
Total from investment operations | .80 | (8.90) | 7.68 | 2.10 | 2.21 | |||||
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) C | |||||
Net asset value, end of period | $ | 17.07 | $ | 17.44 | $ | 28.73 | $ | 21.05 | $ | 19.20 |
Total Return D | 4.19% | (33.52)% | 36.48% | 11.03% | 13.10% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .89% | 1.07% | 1.09% | 1.14% | 1.05% | |||||
Expenses net of fee waivers, if any | .88% | 1.07% | 1.09% | 1.13% | 1.05% | |||||
Expenses net of all reductions | .88% | 1.07% | 1.09% | 1.13% | 1.05% | |||||
Net investment income (loss) | .98% | .72% | .16% | .23% | 1.08% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 223,254 | $ | 219,360 | $ | 309,803 | $ | 82,476 | $ | 76,527 |
Portfolio turnover rate G | 10% | 13% | 21% | 20% | 17% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $258,881,050 |
Gross unrealized depreciation | (120,694,150) |
Net unrealized appreciation (depreciation) | $138,186,900 |
Tax Cost | $837,348,616 |
Undistributed ordinary income | $10,239,162 |
Undistributed long-term capital gain | $31,849,119 |
Net unrealized appreciation (depreciation) on securities and other investments | $138,059,909 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $593,300 | $ 2,549,889 |
Long-term Capital Gains | 64,115,092 | 143,373,112 |
Total | $64,708,392 | $ 145,923,001 |
Purchases ($) | Sales ($) | |
Fidelity International Small Cap Opportunities Fund | 104,500,348 | 234,052,891 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $72,134 | $250 |
Class M | .25% | .25% | 55,224 | 166 |
Class C | .75% | .25% | 31,436 | 1,209 |
$158,794 | $1,625 |
Retained by FDC | |
Class A | $2,163 |
Class M | 505 |
Class CA | 31 |
$2,699 |
Amount | % of Class-Level Average Net Assets | |
Class A | $62,299 | .22 |
Class M | 24,423 | .22 |
Class C | 7,894 | .25 |
International Small Cap Opportunities | 1,133,042 | .16 |
Class I | 151,758 | .20 |
Class Z | 101,589 | .04 |
$1,481,005 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
International Small Cap Opportunities | 0.1547% |
Class I | 0.2000% |
% of Average Net Assets | |
Fidelity International Small Cap Opportunities Fund | .04 |
% of Class-Level Average Net Assets | |
Fidelity International Small Cap Opportunities Fund | 0.0441% |
Amount | |
Fidelity International Small Cap Opportunities Fund | $ 129 |
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 | 3,091,312 | 12,385,884 | (558,433) |
Amount | |
Fidelity International Small Cap Opportunities Fund | $1,970 |
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 | $7,549 | $- | $- |
Expense reduction | |
Class M | $352 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity International Small Cap Opportunities Fund | ||||
Class A | ||||
Shares sold | 171,839 | 107,181 | $3,136,955 | $2,213,121 |
Reinvestment of distributions | 94,841 | 146,450 | 1,693,860 | 3,629,027 |
Shares redeemed | (217,502) | (339,023) | (3,984,745) | (7,042,478) |
Net increase (decrease) | 49,178 | (85,392) | $846,070 | $(1,200,330) |
Class M | ||||
Shares sold | 21,269 | 19,908 | $383,026 | $424,699 |
Reinvestment of distributions | 37,879 | 54,676 | 665,150 | 1,337,368 |
Shares redeemed | (74,046) | (60,774) | (1,330,926) | (1,238,854) |
Net increase (decrease) | (14,898) | 13,810 | $(282,750) | $523,213 |
Class C | ||||
Shares sold | 7,494 | 9,960 | $129,355 | $199,008 |
Reinvestment of distributions | 13,606 | 23,946 | 228,441 | 564,404 |
Shares redeemed | (95,302) | (79,310) | (1,646,239) | (1,567,463) |
Net increase (decrease) | (74,202) | (45,404) | $(1,288,443) | $(804,051) |
International Small Cap Opportunities | ||||
Shares sold | 2,233,362 | 2,966,612 | $41,954,989 | $62,249,598 |
Reinvestment of distributions | 1,900,059 | 3,165,438 | 34,581,075 | 79,642,429 |
Shares redeemed | (7,265,881) | (10,146,566) | (137,436,859) | (202,796,085) |
Net increase (decrease) | (3,132,460) | (4,014,516) | $(60,900,795) | $(60,904,058) |
Class I | ||||
Shares sold | 2,306,791 | 698,127 | $42,956,688 | $14,776,475 |
Reinvestment of distributions | 193,260 | 335,375 | 3,513,459 | 8,427,973 |
Shares redeemed | (2,490,268) | (1,211,577) | (47,134,219) | (25,532,337) |
Net increase (decrease) | 9,783 | (178,075) | $(664,072) | $(2,327,889) |
Class Z | ||||
Shares sold | 1,446,980 | 2,588,492 | $27,457,499 | $51,781,304 |
Reinvestment of distributions | 741,352 | 928,091 | 13,440,712 | 23,276,518 |
Shares redeemed | (1,687,699) | (1,722,683) | (31,321,653) | (33,635,768) |
Net increase (decrease) | 500,633 | 1,793,900 | $9,576,558 | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Small Cap Opportunities Fund | ||||||||||
Class A | 1.24% | |||||||||
Actual | $ 1,000 | $ 883.40 | $ 5.89 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.95 | $ 6.31 | |||||||
Class M | 1.49% | |||||||||
Actual | $ 1,000 | $ 882.40 | $ 7.07 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.69 | $ 7.58 | |||||||
Class C | 2.00% | |||||||||
Actual | $ 1,000 | $ 880.10 | $ 9.48 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.12 | $ 10.16 | |||||||
Fidelity® International Small Cap Opportunities Fund | .93% | |||||||||
Actual | $ 1,000 | $ 885.20 | $ 4.42 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.52 | $ 4.74 | |||||||
Class I | .99% | |||||||||
Actual | $ 1,000 | $ 884.60 | $ 4.70 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.21 | $ 5.04 | |||||||
Class Z | .81% | |||||||||
Actual | $ 1,000 | $ 885.40 | $ 3.85 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.12 | $ 4.13 | |||||||
Pay Date | Income | Taxes | |
Fidelity International Small Cap Opportunities Fund | |||
Class A | 12/12/2022 | $0.0000 | $0.0000 |
Class M | 12/12/2022 | $0.0000 | $0.0000 |
Class C | 12/12/2022 | $0.0000 | $0.0000 |
International Small Cap Opportunities | 12/12/2022 | $0.0564 | $0.0534 |
Class I | 12/12/2022 | $0.0604 | $0.0534 |
Class Z | 12/12/2022 | $0.0894 | $0.0534 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Class A (incl. 5.75% sales charge) | 3.14% | -15.88% |
Class M (incl. 3.50% sales charge) | 5.26% | -14.95% |
Class C (incl. contingent deferred sales charge) | 7.66% | -13.58% |
Fidelity® Sustainable International Equity Fund | 9.73% | -12.73% |
Class I | 9.73% | -12.73% |
Class Z | 9.86% | -12.60% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Sustainable International Equity Fund, a class of the fund, on February 10, 2022, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 5.6 | |
Sony Group Corp. (Japan, Household Durables) | 3.7 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 3.6 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.2 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 2.9 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.9 | |
ORIX Corp. (Japan, Financial Services) | 2.8 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.6 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.2 | |
31.8 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.4 | |
Health Care | 14.8 | |
Industrials | 13.2 | |
Information Technology | 13.2 | |
Consumer Discretionary | 10.3 | |
Consumer Staples | 9.5 | |
Materials | 6.5 | |
Utilities | 4.0 | |
Communication Services | 2.2 | |
Energy | 1.1 | |
Real Estate | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.8% | |||
Shares | Value ($) | ||
Australia - 1.8% | |||
Bapcor Ltd. | 13,815 | 47,024 | |
Macquarie Group Ltd. | 719 | 73,906 | |
TOTAL AUSTRALIA | 120,930 | ||
Austria - 2.0% | |||
Verbund AG | 1,017 | 88,239 | |
Wienerberger AG | 2,030 | 49,274 | |
TOTAL AUSTRIA | 137,513 | ||
Belgium - 1.4% | |||
KBC Group NV | 583 | 32,016 | |
UCB SA | 860 | 62,842 | |
TOTAL BELGIUM | 94,858 | ||
China - 0.5% | |||
Chervon Holdings Ltd. | 14,888 | 36,670 | |
Denmark - 6.0% | |||
Novo Nordisk A/S Series B | 3,895 | 375,774 | |
Vestas Wind Systems A/S (a) | 1,320 | 28,611 | |
TOTAL DENMARK | 404,385 | ||
Finland - 1.1% | |||
Neste OYJ | 2,189 | 73,446 | |
France - 11.8% | |||
Air Liquide SA | 512 | 87,732 | |
AXA SA | 4,024 | 119,233 | |
BNP Paribas SA | 2,100 | 120,758 | |
Capgemini SA | 263 | 46,480 | |
Edenred SA | 653 | 34,713 | |
L'Oreal SA | 270 | 113,489 | |
LVMH Moet Hennessy Louis Vuitton SE | 220 | 157,505 | |
Pernod Ricard SA | 657 | 116,441 | |
Worldline SA (a)(b) | 577 | 7,314 | |
TOTAL FRANCE | 803,665 | ||
Germany - 8.4% | |||
Deutsche Borse AG | 373 | 61,394 | |
DHL Group | 1,244 | 48,386 | |
Gerresheimer AG | 594 | 55,246 | |
Merck KGaA | 760 | 114,472 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 294 | 117,744 | |
SAP SE | 403 | 54,055 | |
Siemens AG | 910 | 120,756 | |
TOTAL GERMANY | 572,053 | ||
Hong Kong - 3.7% | |||
AIA Group Ltd. | 17,003 | 147,651 | |
Hang Seng Bank Ltd. | 5,365 | 61,339 | |
Prudential PLC | 3,969 | 41,501 | |
TOTAL HONG KONG | 250,491 | ||
India - 1.2% | |||
HDFC Bank Ltd. sponsored ADR | 1,446 | 81,771 | |
Ireland - 1.3% | |||
Dalata Hotel Group PLC | 15,478 | 65,673 | |
Kingspan Group PLC (Ireland) | 314 | 21,091 | |
TOTAL IRELAND | 86,764 | ||
Italy - 1.0% | |||
Prysmian SpA | 1,733 | 64,711 | |
Japan - 18.7% | |||
Eisai Co. Ltd. | 575 | 30,463 | |
FUJIFILM Holdings Corp. | 1,831 | 100,152 | |
Fujitsu Ltd. | 573 | 74,231 | |
Hitachi Ltd. | 2,838 | 179,891 | |
Hoya Corp. | 1,246 | 119,951 | |
Itochu Corp. | 5,463 | 196,783 | |
ORIX Corp. | 10,454 | 190,120 | |
Persol Holdings Co. Ltd. | 27,131 | 40,681 | |
Sony Group Corp. | 3,018 | 250,913 | |
TIS, Inc. | 1,107 | 23,706 | |
Tokyo Electron Ltd. | 483 | 63,823 | |
TOTAL JAPAN | 1,270,714 | ||
Korea (South) - 0.7% | |||
SK Hynix, Inc. | 537 | 46,565 | |
Netherlands - 9.2% | |||
ASML Holding NV (Netherlands) | 359 | 215,802 | |
BE Semiconductor Industries NV | 318 | 32,739 | |
Heineken NV (Bearer) | 571 | 51,301 | |
ING Groep NV (Certificaten Van Aandelen) | 7,239 | 92,808 | |
Koninklijke KPN NV | 43,358 | 145,734 | |
Wolters Kluwer NV | 683 | 87,517 | |
TOTAL NETHERLANDS | 625,901 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 12,683 | 57,612 | |
Norway - 1.9% | |||
DNB Bank ASA | 6,961 | 125,437 | |
Schibsted ASA (A Shares) | 329 | 6,574 | |
TOTAL NORWAY | 132,011 | ||
Spain - 1.4% | |||
CaixaBank SA | 5,687 | 23,121 | |
EDP Renovaveis SA | 637 | 10,238 | |
Iberdrola SA | 5,306 | 59,013 | |
TOTAL SPAIN | 92,372 | ||
Sweden - 2.0% | |||
Boliden AB | 3,445 | 88,189 | |
Instalco AB | 1,724 | 4,816 | |
Investor AB (B Shares) | 1,544 | 28,273 | |
Lagercrantz Group AB (B Shares) | 1,680 | 15,306 | |
TOTAL SWEDEN | 136,584 | ||
Taiwan - 2.2% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 9,201 | 150,160 | |
United Kingdom - 13.1% | |||
3i Group PLC | 1,847 | 43,548 | |
AstraZeneca PLC (United Kingdom) | 1,968 | 246,401 | |
Barratt Developments PLC | 5,622 | 28,283 | |
Beazley PLC | 3,146 | 19,673 | |
Big Yellow Group PLC | 1,008 | 11,700 | |
Bunzl PLC | 595 | 21,204 | |
Compass Group PLC | 4,481 | 112,972 | |
Diageo PLC | 2,977 | 112,578 | |
Endava PLC ADR (a) | 250 | 12,540 | |
Grainger Trust PLC | 10,931 | 30,213 | |
Impax Asset Management Group PLC | 849 | 3,973 | |
London Stock Exchange Group PLC | 347 | 35,011 | |
National Grid PLC | 4,350 | 51,865 | |
Reckitt Benckiser Group PLC | 856 | 57,272 | |
Renewi PLC (a) | 1,071 | 7,641 | |
Sage Group PLC | 4,461 | 52,627 | |
Smart Metering Systems PLC | 5,274 | 40,962 | |
TOTAL UNITED KINGDOM | 888,463 | ||
United States of America - 6.6% | |||
CRH PLC | 2,402 | 129,072 | |
Ferguson PLC | 243 | 36,417 | |
Linde PLC | 236 | 90,190 | |
Nestle SA (Reg. S) | 1,805 | 194,649 | |
TOTAL UNITED STATES OF AMERICA | 450,328 | ||
TOTAL COMMON STOCKS (Cost $6,677,172) | 6,577,967 | ||
Money Market Funds - 3.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) (Cost $226,885) | 226,840 | 226,885 | |
TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $6,904,057) | 6,804,852 |
NET OTHER ASSETS (LIABILITIES) - (0.2)% | (11,616) |
NET ASSETS - 100.0% | 6,793,236 |
(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 $7,314 or 0.1% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 225,629 | 2,952,294 | 2,951,038 | 11,275 | - | - | 226,885 | 0.0% |
Total | 225,629 | 2,952,294 | 2,951,038 | 11,275 | - | - | 226,885 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 152,308 | 6,574 | 145,734 | - |
Consumer Discretionary | 699,040 | 93,956 | 605,084 | - |
Consumer Staples | 645,730 | 116,441 | 529,289 | - |
Energy | 73,446 | 73,446 | - | - |
Financials | 1,461,304 | 450,914 | 1,010,390 | - |
Health Care | 1,005,149 | 232,560 | 772,589 | - |
Industrials | 899,467 | 332,745 | 566,722 | - |
Information Technology | 888,186 | 113,212 | 774,974 | - |
Materials | 444,457 | 356,725 | 87,732 | - |
Real Estate | 41,913 | 41,913 | - | - |
Utilities | 266,967 | 98,477 | 168,490 | - |
Money Market Funds | 226,885 | 226,885 | - | - |
Total Investments in Securities: | 6,804,852 | 2,143,848 | 4,661,004 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,677,172) | $ | 6,577,967 | ||
Fidelity Central Funds (cost $226,885) | 226,885 | |||
Total Investment in Securities (cost $6,904,057) | $ | 6,804,852 | ||
Cash | 15,972 | |||
Foreign currency held at value (cost $5) | 5 | |||
Receivable for fund shares sold | 91 | |||
Dividends receivable | 13,971 | |||
Reclaims receivable | 9,489 | |||
Distributions receivable from Fidelity Central Funds | 1,110 | |||
Prepaid expenses | 10 | |||
Receivable from investment adviser for expense reductions | 4,965 | |||
Total assets | 6,850,465 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 1,104 | ||
Accrued management fee | 3,571 | |||
Distribution and service plan fees payable | 321 | |||
Other affiliated payables | 1,664 | |||
Audit fee payable | 47,999 | |||
Other payables and accrued expenses | 2,570 | |||
Total Liabilities | 57,229 | |||
Net Assets | $ | 6,793,236 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 7,361,715 | ||
Total accumulated earnings (loss) | (568,479) | |||
Net Assets | $ | 6,793,236 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($352,985 ÷ 44,967 shares)(a) | $ | 7.85 | ||
Maximum offering price per share (100/94.25 of $7.85) | $ | 8.33 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($196,169 ÷ 25,049 shares)(a) | $ | 7.83 | ||
Maximum offering price per share (100/96.50 of $7.83) | $ | 8.11 | ||
Class C : | ||||
Net Asset Value and offering price per share ($194,412 ÷ 25,000 shares)(a) | $ | 7.78 | ||
Fidelity Sustainable International Equity Fund : | ||||
Net Asset Value, offering price and redemption price per share ($5,562,733 ÷ 706,702 shares) | $ | 7.87 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($199,451 ÷ 25,340 shares) | $ | 7.87 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($287,486 ÷ 36,435 shares) | $ | 7.89 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 187,401 | ||
Income from Fidelity Central Funds | 11,275 | |||
Income before foreign taxes withheld | $ | 198,676 | ||
Less foreign taxes withheld | (24,250) | |||
Total Income | 174,426 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 46,660 | ||
Performance adjustment | (2,969) | |||
Transfer agent fees | 15,043 | |||
Distribution and service plan fees | 4,002 | |||
Accounting fees and expenses | 3,444 | |||
Custodian fees and expenses | 13,736 | |||
Independent trustees' fees and expenses | 33 | |||
Registration fees | 106,699 | |||
Audit | 74,007 | |||
Legal | 6 | |||
Miscellaneous | 22 | |||
Total expenses before reductions | 260,683 | |||
Expense reductions | (185,187) | |||
Total expenses after reductions | 75,496 | |||
Net Investment income (loss) | 98,930 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (273,821) | |||
Foreign currency transactions | 634 | |||
Total net realized gain (loss) | (273,187) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 561,747 | |||
Assets and liabilities in foreign currencies | (218) | |||
Total change in net unrealized appreciation (depreciation) | 561,529 | |||
Net gain (loss) | 288,342 | |||
Net increase (decrease) in net assets resulting from operations | $ | 387,272 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | For the period February 10, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 98,930 | $ | 29,662 |
Net realized gain (loss) | (273,187) | (295,162) | ||
Change in net unrealized appreciation (depreciation) | 561,529 | (661,097) | ||
Net increase (decrease) in net assets resulting from operations | 387,272 | (926,597) | ||
Distributions to shareholders | (29,290) | - | ||
Share transactions - net increase (decrease) | 1,623,323 | 5,738,528 | ||
Total increase (decrease) in net assets | 1,981,305 | 4,811,931 | ||
Net Assets | ||||
Beginning of period | 4,811,931 | - | ||
End of period | $ | 6,793,236 | $ | 4,811,931 |
Fidelity Advisor® Sustainable International Equity Fund Class A |
Years ended October 31, | 2023 | 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 | .10 | .07 | ||
Net realized and unrealized gain (loss) | .58 | (2.87) | ||
Total from investment operations | .68 | (2.80) | ||
Distributions from net investment income | (.03) | - | ||
Total distributions | (.03) | - | ||
Net asset value, end of period | $ | 7.85 | $ | 7.20 |
Total Return D,E,F | 9.43% | (28.00)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 3.91% | 7.77% I,J | ||
Expenses net of fee waivers, if any | 1.29% | 1.30% I | ||
Expenses net of all reductions | 1.29% | 1.28% I | ||
Net investment income (loss) | 1.23% | 1.18% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 353 | $ | 185 |
Portfolio turnover rate K | 36% | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class M |
Years ended October 31, | 2023 | 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 | .08 | .05 | ||
Net realized and unrealized gain (loss) | .57 | (2.86) | ||
Total from investment operations | .65 | (2.81) | ||
Distributions from net investment income | (.01) | - | ||
Total distributions | (.01) | - | ||
Net asset value, end of period | $ | 7.83 | $ | 7.19 |
Total Return D,E,F | 9.08% | (28.10)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 4.24% | 8.02% I,J | ||
Expenses net of fee waivers, if any | 1.55% | 1.55% I | ||
Expenses net of all reductions | 1.54% | 1.55% I | ||
Net investment income (loss) | .98% | .91% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 196 | $ | 180 |
Portfolio turnover rate K | 36% | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class C |
Years ended October 31, | 2023 | 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 | .04 | .02 | ||
Net realized and unrealized gain (loss) | .58 | (2.86) | ||
Total from investment operations | .62 | (2.84) | ||
Net asset value, end of period | $ | 7.78 | $ | 7.16 |
Total Return D,E,F | 8.66% | (28.40)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 4.73% | 8.51% I,J | ||
Expenses net of fee waivers, if any | 2.04% | 2.05% J | ||
Expenses net of all reductions | 2.04% | 2.05% J | ||
Net investment income (loss) | .48% | .41% J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 194 | $ | 179 |
Portfolio turnover rate K | 36% | 43% J |
Fidelity® Sustainable International Equity Fund |
Years ended October 31, | 2023 | 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 | .12 | .08 | ||
Net realized and unrealized gain (loss) | .58 | (2.87) | ||
Total from investment operations | .70 | (2.79) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 7.87 | $ | 7.21 |
Total Return D,E | 9.73% | (27.90)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 3.72% | 7.64% H,I | ||
Expenses net of fee waivers, if any | 1.04% | 1.05% I | ||
Expenses net of all reductions | 1.04% | 1.01% I | ||
Net investment income (loss) | 1.48% | 1.45% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 5,563 | $ | 3,908 |
Portfolio turnover rate J | 36% | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class I |
Years ended October 31, | 2023 | 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 | .12 | .08 | ||
Net realized and unrealized gain (loss) | .58 | (2.87) | ||
Total from investment operations | .70 | (2.79) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 7.87 | $ | 7.21 |
Total Return D,E | 9.73% | (27.90)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 3.74% | 7.52% H,I | ||
Expenses net of fee waivers, if any | 1.04% | 1.05% H | ||
Expenses net of all reductions | 1.04% | 1.03% H | ||
Net investment income (loss) | 1.48% | 1.43% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 199 | $ | 180 |
Portfolio turnover rate J | 36% | 43% H |
Fidelity Advisor® Sustainable International Equity Fund Class Z |
Years ended October 31, | 2023 | 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 | .14 | .09 | ||
Net realized and unrealized gain (loss) | .57 | (2.87) | ||
Total from investment operations | .71 | (2.78) | ||
Distributions from net investment income | (.04) | - | ||
Total distributions | (.04) | - | ||
Net asset value, end of period | $ | 7.89 | $ | 7.22 |
Total Return D,E | 9.86% | (27.80)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | 3.56% | 7.46% H,I | ||
Expenses net of fee waivers, if any | .89% | .90% I | ||
Expenses net of all reductions | .89% | .90% I | ||
Net investment income (loss) | 1.63% | 1.56% I | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 287 | $ | 181 |
Portfolio turnover rate J | 36% | 43% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $442,343 |
Gross unrealized depreciation | (626,301) |
Net unrealized appreciation (depreciation) | $(183,958) |
Tax Cost | $6,988,810 |
Undistributed ordinary income | $115,892 |
Capital loss carryforward | $(500,051) |
Net unrealized appreciation (depreciation) on securities and other investments | $(184,321) |
Short-term | $(377,972) |
Long-term | $(122,079) |
Total capital loss carryforward | $(500,051) |
October 31, 2023 | October 31, 2022 A | |
Ordinary Income | $29,290 | - |
Purchases ($) | Sales ($) | |
Fidelity Sustainable International Equity Fund | 4,043,966 | 2,394,095 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $881 | $525 |
Class M | .25% | .25% | 1,044 | 1,044 |
Class C | .75% | .25% | 2,077 | 2,077 |
$4,002 | $3,646 |
Amount | % of Class-Level Average Net AssetsA | |
Class A | $587 | .17 |
Class M | 228 | .11 |
Class C | 200 | .10 |
Fidelity Sustainable International Equity Fund | 13,679 | .24 |
Class I | 253 | .12 |
Class Z | 96 | .04 |
$15,043 |
% of Class-Level Average Net Assets | |
Class A | 0.1367% |
Class M | 0.1048% |
Class C | 0.0960% |
Fidelity Sustainable International Equity Fund | 0.2000% |
Class I | 0.1047% |
% of Average Net Assets | |
Fidelity Sustainable International Equity Fund | .05 |
% of Average Net Assets | |
Fidelity Sustainable International Equity Fund | 0.0498% |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Sustainable International Equity Fund | 143,021 | 162,571 | (18,972) |
Amount | |
Fidelity Sustainable International Equity Fund | $12 |
Expense Limitations | Reimbursement | |
Class A | 1.30% | $9,194 |
Class M | 1.55% | 5,621 |
Class C | 2.05% | 5,567 |
Fidelity Sustainable International Equity Fund | 1.05% | 152,236 |
Class I | 1.05% | 5,682 |
Class Z | .90% | 6,085 |
$184,385 |
Year ended October 31, 2023 | Year ended October 31, 2022A | |
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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 A | Year ended October 31, 2023 | Year ended October 31, 2022 A | |
Fidelity Sustainable International Equity Fund | ||||
Class A | ||||
Shares sold | 19,860 | 25,690 | $158,247 | $255,541 |
Reinvestment of distributions | 107 | - | 863 | - |
Shares redeemed | (633) | (57) | (5,146) | (435) |
Net increase (decrease) | 19,334 | 25,633 | $153,964 | $255,106 |
Class M | ||||
Shares sold | 9 | 25,000 | $77 | $250,003 |
Reinvestment of distributions | 40 | - | 325 | - |
Net increase (decrease) | 49 | 25,000 | $402 | $250,003 |
Class C | ||||
Shares sold | - | 25,000 | $- | $250,000 |
Net increase (decrease) | - | 25,000 | $- | $250,000 |
Fidelity Sustainable International Equity Fund | ||||
Shares sold | 397,160 | 564,957 | $3,312,938 | $4,670,389 |
Reinvestment of distributions | 2,932 | - | 23,779 | - |
Shares redeemed | (235,082) | (23,265) | (1,968,118) | (187,070) |
Net increase (decrease) | 165,010 | 541,692 | $1,368,599 | $4,483,319 |
Class I | ||||
Shares sold | 211 | 25,054 | $1,800 | $250,509 |
Reinvestment of distributions | 133 | - | 1,075 | - |
Shares redeemed | (4) | (54) | (30) | (409) |
Net increase (decrease) | 340 | 25,000 | $2,845 | $250,100 |
Class Z | ||||
Shares sold | 12,333 | 25,000 | $104,463 | $250,000 |
Reinvestment of distributions | 132 | - | 1,075 | - |
Shares redeemed | (1,030) | - | (8,025) | - |
Net increase (decrease) | 11,435 | 25,000 | $97,513 | $250,000 |
Fund | Affiliated % |
Fidelity Sustainable International Equity Fund | 21% |
Fidelity Sustainable Multi-Asset Fund | |
Fidelity Sustainable International Equity Fund | 31% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Sustainable International Equity Fund | ||||||||||
Class A | 1.30% | |||||||||
Actual | $ 1,000 | $ 901.30 | $ 6.23 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.65 | $ 6.61 | |||||||
Class M | 1.54% | |||||||||
Actual | $ 1,000 | $ 900.00 | $ 7.38 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.44 | $ 7.83 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 898.40 | $ 9.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.92 | $ 10.36 | |||||||
Fidelity® Sustainable International Equity Fund | 1.05% | |||||||||
Actual | $ 1,000 | $ 902.50 | $ 5.04 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.91 | $ 5.35 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 902.50 | $ 4.99 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.96 | $ 5.30 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 903.80 | $ 4.27 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.72 | $ 4.53 | |||||||
Pay Date | Income | Taxes | |
Fidelity Sustainable International Equity Fund | |||
Class A | 12/12/2022 | $0.0416 | $0.0116 |
Class M | 12/12/2022 | $0.0246 | $0.0116 |
Class C | 12/12/2022 | $0.0000 | $0.0000 |
Fidelity Sustainable International Equity Fund | 12/12/2022 | $0.0546 | $0.0116 |
Class I | 12/12/2022 | $0.0546 | $0.0116 |
Class Z | 12/12/2022 | $0.0546 | $0.0116 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® SAI Sustainable International Equity Fund | 10.12% | -7.42% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity SAI Sustainable International Equity Fund, on April 14, 2022, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 5.5 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 3.6 | |
Sony Group Corp. (Japan, Household Durables) | 3.5 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.1 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.9 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 2.8 | |
ORIX Corp. (Japan, Financial Services) | 2.7 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.5 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Koninklijke KPN NV (Netherlands, Diversified Telecommunication Services) | 2.1 | |
31.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.0 | |
Health Care | 14.2 | |
Industrials | 12.8 | |
Information Technology | 12.6 | |
Consumer Discretionary | 9.9 | |
Consumer Staples | 9.3 | |
Materials | 6.5 | |
Utilities | 3.9 | |
Communication Services | 2.2 | |
Energy | 1.1 | |
Real Estate | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.1% | |||
Shares | Value ($) | ||
Australia - 1.7% | |||
Bapcor Ltd. | 18,927 | 64,425 | |
Macquarie Group Ltd. | 980 | 100,734 | |
TOTAL AUSTRALIA | 165,159 | ||
Austria - 2.0% | |||
Verbund AG | 1,436 | 124,593 | |
Wienerberger AG | 2,866 | 69,566 | |
TOTAL AUSTRIA | 194,159 | ||
Belgium - 1.4% | |||
KBC Group NV | 823 | 45,195 | |
UCB SA | 1,214 | 88,710 | |
TOTAL BELGIUM | 133,905 | ||
China - 0.4% | |||
Chervon Holdings Ltd. | 17,516 | 43,143 | |
Denmark - 5.9% | |||
Novo Nordisk A/S Series B | 5,498 | 530,424 | |
Vestas Wind Systems A/S (a) | 1,863 | 40,380 | |
TOTAL DENMARK | 570,804 | ||
Finland - 1.1% | |||
Neste OYJ | 3,090 | 103,677 | |
France - 11.7% | |||
Air Liquide SA | 723 | 123,888 | |
AXA SA | 5,681 | 168,330 | |
BNP Paribas SA | 2,965 | 170,499 | |
Capgemini SA | 371 | 65,566 | |
Edenred SA | 922 | 49,013 | |
L'Oreal SA | 381 | 160,146 | |
LVMH Moet Hennessy Louis Vuitton SE | 310 | 221,938 | |
Pernod Ricard SA | 927 | 164,294 | |
Worldline SA (a)(b) | 840 | 10,648 | |
TOTAL FRANCE | 1,134,322 | ||
Germany - 7.9% | |||
Deutsche Borse AG | 526 | 86,578 | |
DHL Group | 1,756 | 68,301 | |
Gerresheimer AG | 399 | 37,110 | |
Merck KGaA | 1,073 | 161,616 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 415 | 166,204 | |
SAP SE | 569 | 76,321 | |
Siemens AG | 1,285 | 170,518 | |
TOTAL GERMANY | 766,648 | ||
Hong Kong - 3.5% | |||
AIA Group Ltd. | 23,155 | 201,074 | |
Hang Seng Bank Ltd. | 7,326 | 83,759 | |
Prudential PLC | 5,603 | 58,587 | |
TOTAL HONG KONG | 343,420 | ||
India - 1.2% | |||
HDFC Bank Ltd. sponsored ADR | 2,041 | 115,419 | |
Ireland - 1.3% | |||
Dalata Hotel Group PLC | 21,850 | 92,709 | |
Kingspan Group PLC (Ireland) | 445 | 29,890 | |
TOTAL IRELAND | 122,599 | ||
Italy - 0.9% | |||
Prysmian SpA | 2,446 | 91,334 | |
Japan - 17.8% | |||
Eisai Co. Ltd. | 779 | 41,270 | |
FUJIFILM Holdings Corp. | 2,493 | 136,362 | |
Fujitsu Ltd. | 782 | 101,306 | |
Hitachi Ltd. | 3,865 | 244,989 | |
Hoya Corp. | 1,697 | 163,368 | |
Itochu Corp. | 7,440 | 267,996 | |
ORIX Corp. | 14,237 | 258,919 | |
Persol Holdings Co. Ltd. | 36,646 | 54,948 | |
Sony Group Corp. | 4,110 | 341,701 | |
TIS, Inc. | 1,511 | 32,358 | |
Tokyo Electron Ltd. | 659 | 87,079 | |
TOTAL JAPAN | 1,730,296 | ||
Korea (South) - 0.7% | |||
SK Hynix, Inc. | 725 | 62,867 | |
Netherlands - 9.1% | |||
ASML Holding NV (Netherlands) | 507 | 304,768 | |
BE Semiconductor Industries NV | 431 | 44,373 | |
Heineken NV (Bearer) | 806 | 72,414 | |
ING Groep NV (Certificaten Van Aandelen) | 10,219 | 131,013 | |
Koninklijke KPN NV | 61,207 | 205,728 | |
Wolters Kluwer NV | 964 | 123,523 | |
TOTAL NETHERLANDS | 881,819 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 17,334 | 78,739 | |
Norway - 1.9% | |||
DNB Bank ASA | 9,827 | 177,082 | |
Schibsted ASA (A Shares) | 436 | 8,711 | |
TOTAL NORWAY | 185,793 | ||
Spain - 1.3% | |||
CaixaBank SA | 8,028 | 32,638 | |
EDP Renovaveis SA | 916 | 14,722 | |
Iberdrola SA | 7,490 | 83,304 | |
TOTAL SPAIN | 130,664 | ||
Sweden - 1.9% | |||
Boliden AB | 4,863 | 124,489 | |
Instalco AB | 2,493 | 6,964 | |
Investor AB (B Shares) | 2,180 | 39,919 | |
Lagercrantz Group AB (B Shares) | 1,022 | 9,311 | |
TOTAL SWEDEN | 180,683 | ||
Taiwan - 2.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 12,530 | 204,489 | |
United Kingdom - 12.9% | |||
3i Group PLC | 2,607 | 61,467 | |
AstraZeneca PLC (United Kingdom) | 2,778 | 347,816 | |
Barratt Developments PLC | 7,936 | 39,924 | |
Beazley PLC | 4,465 | 27,922 | |
Big Yellow Group PLC | 1,453 | 16,866 | |
Bunzl PLC | 842 | 30,006 | |
Compass Group PLC | 6,326 | 159,487 | |
Diageo PLC | 4,203 | 158,941 | |
Endava PLC ADR (a) | 357 | 17,907 | |
Grainger Trust PLC | 15,431 | 42,650 | |
Impax Asset Management Group PLC | 1,162 | 5,438 | |
London Stock Exchange Group PLC | 490 | 49,439 | |
National Grid PLC | 6,141 | 73,219 | |
Reckitt Benckiser Group PLC | 1,208 | 80,824 | |
Renewi PLC (a) | 1,489 | 10,624 | |
Sage Group PLC | 6,297 | 74,287 | |
Smart Metering Systems PLC | 7,445 | 57,823 | |
TOTAL UNITED KINGDOM | 1,254,640 | ||
United States of America - 6.6% | |||
CRH PLC | 3,391 | 182,216 | |
Ferguson PLC | 343 | 51,404 | |
Linde PLC | 333 | 127,259 | |
Nestle SA (Reg. S) | 2,548 | 274,773 | |
TOTAL UNITED STATES OF AMERICA | 635,652 | ||
TOTAL COMMON STOCKS (Cost $9,466,195) | 9,130,231 | ||
Money Market Funds - 7.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) (Cost $712,258) | 712,116 | 712,258 | |
TOTAL INVESTMENT IN SECURITIES - 101.4% (Cost $10,178,453) | 9,842,489 |
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (137,532) |
NET ASSETS - 100.0% | 9,704,957 |
(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 $10,648 or 0.1% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 102,083 | 4,154,689 | 3,544,514 | 10,846 | - | - | 712,258 | 0.0% |
Total | 102,083 | 4,154,689 | 3,544,514 | 10,846 | - | - | 712,258 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 214,439 | 8,711 | 205,728 | - |
Consumer Discretionary | 963,327 | 132,633 | 830,694 | - |
Consumer Staples | 911,392 | 164,294 | 747,098 | - |
Energy | 103,677 | 103,677 | - | - |
Financials | 2,039,877 | 636,840 | 1,403,037 | - |
Health Care | 1,370,314 | 287,436 | 1,082,878 | - |
Industrials | 1,248,700 | 469,869 | 778,831 | - |
Information Technology | 1,216,994 | 145,878 | 1,071,116 | - |
Materials | 627,418 | 503,530 | 123,888 | - |
Real Estate | 59,516 | 59,516 | - | - |
Utilities | 374,577 | 139,315 | 235,262 | - |
Money Market Funds | 712,258 | 712,258 | - | - |
Total Investments in Securities: | 9,842,489 | 3,363,957 | 6,478,532 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $9,466,195) | $ | 9,130,231 | ||
Fidelity Central Funds (cost $712,258) | 712,258 | |||
Total Investment in Securities (cost $10,178,453) | $ | 9,842,489 | ||
Foreign currency held at value (cost $5,315) | 5,315 | |||
Receivable for fund shares sold | 149,371 | |||
Dividends receivable | 13,020 | |||
Reclaims receivable | 9,333 | |||
Distributions receivable from Fidelity Central Funds | 2,693 | |||
Prepaid expenses | 7 | |||
Receivable from investment adviser for expense reductions | 8,884 | |||
Other receivables | 73 | |||
Total assets | 10,031,185 | |||
Liabilities | ||||
Payable for investments purchased | $ | 268,591 | ||
Payable for fund shares redeemed | 1,403 | |||
Accrued management fee | 4,512 | |||
Audit fee payable | 36,050 | |||
Other payables and accrued expenses | 15,672 | |||
Total Liabilities | 326,228 | |||
Net Assets | $ | 9,704,957 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 10,195,248 | ||
Total accumulated earnings (loss) | (490,291) | |||
Net Assets | $ | 9,704,957 | ||
Net Asset Value, offering price and redemption price per share ($9,704,957 ÷ 1,100,829 shares) | $ | 8.82 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 119,909 | ||
Foreign Tax Reclaims | 8,747 | |||
Income from Fidelity Central Funds | 10,846 | |||
Income before foreign taxes withheld | $ | 139,502 | ||
Less foreign taxes withheld | (20,139) | |||
Total Income | 119,363 | |||
Expenses | ||||
Management fee | $ | 31,130 | ||
Transfer agent fees | 478 | |||
Custodian fees and expenses | 31,149 | |||
Independent trustees' fees and expenses | 20 | |||
Registration fees | 29,780 | |||
Audit | 52,671 | |||
Legal | 3 | |||
Miscellaneous | 11 | |||
Total expenses before reductions | 145,242 | |||
Expense reductions | (111,125) | |||
Total expenses after reductions | 34,117 | |||
Net Investment income (loss) | 85,246 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (149,284) | |||
Foreign currency transactions | 749 | |||
Total net realized gain (loss) | (148,535) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (15,214) | |||
Assets and liabilities in foreign currencies | (662) | |||
Total change in net unrealized appreciation (depreciation) | (15,876) | |||
Net gain (loss) | (164,411) | |||
Net increase (decrease) in net assets resulting from operations | $ | (79,165) |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | For the period April 14, 2022 (commencement of operations) through October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 85,246 | $ | 18,247 |
Net realized gain (loss) | (148,535) | (91,225) | ||
Change in net unrealized appreciation (depreciation) | (15,876) | (320,866) | ||
Net increase (decrease) in net assets resulting from operations | (79,165) | (393,844) | ||
Distributions to shareholders | (17,379) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 8,192,591 | 2,599,216 | ||
Reinvestment of distributions | 16,766 | - | ||
Cost of shares redeemed | (593,538) | (19,690) | ||
Net increase (decrease) in net assets resulting from share transactions | 7,615,819 | 2,579,526 | ||
Total increase (decrease) in net assets | 7,519,275 | 2,185,682 | ||
Net Assets | ||||
Beginning of period | 2,185,682 | - | ||
End of period | $ | 9,704,957 | $ | 2,185,682 |
Other Information | ||||
Shares | ||||
Sold | 892,144 | 273,624 | ||
Issued in reinvestment of distributions | 1,851 | - | ||
Redeemed | (64,420) | (2,370) | ||
Net increase (decrease) | 829,575 | 271,254 | ||
Fidelity SAI Sustainable International Equity Fund |
Years ended October 31, | 2023 | 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 | .17 | .08 | ||
Net realized and unrealized gain (loss) | .65 D | (2.02) | ||
Total from investment operations | .82 | (1.94) | ||
Distributions from net investment income | (.06) | - | ||
Total distributions | (.06) | - | ||
Net asset value, end of period | $ | 8.82 | $ | 8.06 |
Total Return E,F | 10.12% | (19.40)% | ||
Ratios to Average Net Assets C,G,H | ||||
Expenses before reductions | 3.13% | 5.78% I,J | ||
Expenses net of fee waivers, if any | .75% | .75% J | ||
Expenses net of all reductions | .73% | .68% J | ||
Net investment income (loss) | 1.84% | 1.79% J | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 9,705 | $ | 2,186 |
Portfolio turnover rate K | 27% | 51% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $292,572 |
Gross unrealized depreciation | (676,241) |
Net unrealized appreciation (depreciation) | $(383,669) |
Tax Cost | $10,226,158 |
Undistributed ordinary income | $94,201 |
Capital loss carryforward | $(200,044) |
Net unrealized appreciation (depreciation) on securities and other investments | $(384,447) |
Short-term | $(157,729) |
Long-term | (42,315) |
Total capital loss carryforward | $(200,044) |
October 31, 2023 | |
Ordinary Income | $17,379 |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable International Equity Fund | 8,397,335 | 1,227,922 |
Amount | |
Fidelity SAI Sustainable International Equity Fund | $1 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity SAI Sustainable International Equity Fund | 540,426 | 41,225 | (2,904) |
Amount | |
Fidelity SAI Sustainable International Equity Fund | $5 |
Fund | Affiliated % |
Fidelity SAI Sustainable International Equity Fund | 19% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® SAI Sustainable International Equity Fund | .75% | |||||||||
Actual | $ 1,000 | $ 904.60 | $ 3.60 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.42 | $ 3.82 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® Series Overseas Fund | 14.05% | 4.36% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Series Overseas Fund, on June 21, 2019, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.4 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.2 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.9 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.5 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 2.2 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.1 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 2.0 | |
Diageo PLC (United Kingdom, Beverages) | 2.0 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 2.0 | |
Safran SA (France, Aerospace & Defense) | 1.8 | |
24.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.7 | |
Industrials | 18.8 | |
Information Technology | 15.7 | |
Health Care | 14.2 | |
Consumer Discretionary | 9.3 | |
Consumer Staples | 6.8 | |
Materials | 6.0 | |
Energy | 2.2 | |
Real Estate | 1.0 | |
Communication Services | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.2% | |||
Shares | Value ($) | ||
Australia - 0.2% | |||
Flutter Entertainment PLC (a) | 193,102 | 30,288,787 | |
Belgium - 0.6% | |||
Azelis Group NV | 1,864,843 | 31,768,365 | |
KBC Group NV | 945,965 | 51,948,037 | |
TOTAL BELGIUM | 83,716,402 | ||
Canada - 2.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 2,382,100 | 129,673,502 | |
Constellation Software, Inc. | 104,770 | 210,031,835 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 106,270 | 8 | |
Lumine Group, Inc. | 316,650 | 3,982,243 | |
TOTAL CANADA | 343,687,588 | ||
China - 0.0% | |||
Chervon Holdings Ltd. | 1,000,400 | 2,464,035 | |
Denmark - 5.4% | |||
Carlsberg A/S Series B | 574,100 | 68,417,343 | |
DSV A/S | 1,292,231 | 192,724,014 | |
Novo Nordisk A/S Series B | 4,463,600 | 430,631,325 | |
TOTAL DENMARK | 691,772,682 | ||
Finland - 1.1% | |||
Nordea Bank Abp | 13,057,800 | 137,217,183 | |
France - 15.6% | |||
Air Liquide SA | 1,220,860 | 209,197,110 | |
ALTEN | 918,751 | 108,198,117 | |
Antin Infrastructure Partners SA | 344,400 | 4,095,964 | |
Capgemini SA | 1,134,062 | 200,421,405 | |
Edenred SA | 3,190,924 | 169,626,150 | |
EssilorLuxottica SA | 1,129,616 | 203,956,894 | |
L'Oreal SA | 463,900 | 194,991,419 | |
LVMH Moet Hennessy Louis Vuitton SE | 452,483 | 323,946,412 | |
Pernod Ricard SA | 465,300 | 82,465,933 | |
Safran SA | 1,477,000 | 230,736,269 | |
TotalEnergies SE | 4,209,179 | 281,415,110 | |
TOTAL FRANCE | 2,009,050,783 | ||
Germany - 8.2% | |||
Allianz SE | 809,233 | 189,556,797 | |
Deutsche Borse AG | 1,014,860 | 167,042,364 | |
Hannover Reuck SE | 867,869 | 191,280,262 | |
Infineon Technologies AG | 4,312,400 | 125,966,154 | |
Merck KGaA | 1,044,420 | 157,311,099 | |
SAP SE | 642,316 | 86,155,343 | |
Siemens Healthineers AG (c) | 2,765,800 | 135,555,154 | |
TOTAL GERMANY | 1,052,867,173 | ||
India - 1.8% | |||
HCL Technologies Ltd. | 3,847,400 | 58,995,535 | |
HDFC Bank Ltd. | 9,393,000 | 166,624,920 | |
TOTAL INDIA | 225,620,455 | ||
Indonesia - 0.6% | |||
PT Bank Central Asia Tbk | 145,241,700 | 80,016,653 | |
Ireland - 0.9% | |||
Kingspan Group PLC (Ireland) | 1,726,100 | 115,939,009 | |
Italy - 3.3% | |||
FinecoBank SpA | 8,554,485 | 100,607,429 | |
GVS SpA (a)(c) | 858,638 | 3,833,975 | |
Industrie de Nora SpA | 615,200 | 8,677,072 | |
Recordati SpA | 2,982,439 | 137,589,335 | |
UniCredit SpA | 6,736,600 | 168,883,972 | |
TOTAL ITALY | 419,591,783 | ||
Japan - 12.4% | |||
Bandai Namco Holdings, Inc. | 2,146,200 | 44,466,080 | |
BayCurrent Consulting, Inc. | 1,202,600 | 30,193,383 | |
Capcom Co. Ltd. | 2,060,300 | 66,319,673 | |
FUJIFILM Holdings Corp. | 1,852,600 | 101,333,152 | |
Hoya Corp. | 1,599,407 | 153,972,706 | |
Misumi Group, Inc. | 2,990,561 | 45,273,096 | |
Persol Holdings Co. Ltd. | 41,957,230 | 62,911,340 | |
Relo Group, Inc. | 3,031,628 | 30,055,811 | |
Shin-Etsu Chemical Co. Ltd. | 5,034,400 | 150,545,569 | |
Sony Group Corp. | 2,676,800 | 222,546,171 | |
Sumitomo Mitsui Financial Group, Inc. | 3,953,500 | 190,590,246 | |
Suzuki Motor Corp. | 2,652,745 | 102,958,370 | |
TIS, Inc. | 2,262,276 | 48,446,308 | |
Tokio Marine Holdings, Inc. | 9,801,300 | 219,276,997 | |
Tokyo Electron Ltd. | 920,100 | 121,579,891 | |
TOTAL JAPAN | 1,590,468,793 | ||
Netherlands - 7.2% | |||
ASM International NV (Netherlands) | 282,600 | 116,168,904 | |
ASML Holding NV (Netherlands) | 681,428 | 409,620,280 | |
IMCD NV | 1,086,651 | 130,500,645 | |
Topicus.Com, Inc. (a) | 188,377 | 12,403,608 | |
Wolters Kluwer NV | 1,955,808 | 250,609,237 | |
TOTAL NETHERLANDS | 919,302,674 | ||
Spain - 0.5% | |||
Amadeus IT Holding SA Class A | 1,242,970 | 70,783,340 | |
Sweden - 2.8% | |||
AddTech AB (B Shares) | 4,628,219 | 67,749,552 | |
Atlas Copco AB (A Shares) | 13,263,200 | 171,745,464 | |
Indutrade AB | 7,013,875 | 123,878,311 | |
Kry International AB (a)(b)(d) | 4,451 | 163,376 | |
TOTAL SWEDEN | 363,536,703 | ||
Switzerland - 5.0% | |||
Compagnie Financiere Richemont SA Series A | 1,436,590 | 169,482,448 | |
Julius Baer Group Ltd. | 2,411,568 | 142,913,623 | |
Partners Group Holding AG | 125,110 | 131,594,842 | |
Sika AG | 819,911 | 195,502,332 | |
TOTAL SWITZERLAND | 639,493,245 | ||
Taiwan - 0.6% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,865,684 | 79,407,671 | |
United Kingdom - 15.9% | |||
3i Group PLC | 5,638,091 | 132,932,598 | |
AstraZeneca PLC (United Kingdom) | 2,986,900 | 373,971,088 | |
BAE Systems PLC | 12,411,500 | 166,889,770 | |
Beazley PLC | 4,441,051 | 27,772,069 | |
Compass Group PLC | 10,063,487 | 253,714,457 | |
Diageo PLC | 6,694,747 | 253,168,720 | |
Diploma PLC | 1,489,331 | 51,446,093 | |
Halma PLC | 3,082,700 | 69,129,709 | |
Hiscox Ltd. | 3,592,872 | 40,962,050 | |
London Stock Exchange Group PLC | 1,807,900 | 182,408,242 | |
RELX PLC (London Stock Exchange) | 7,672,855 | 267,995,298 | |
Rentokil Initial PLC | 18,455,022 | 93,982,029 | |
Sage Group PLC | 10,511,200 | 124,002,284 | |
TOTAL UNITED KINGDOM | 2,038,374,407 | ||
United States of America - 12.4% | |||
CBRE Group, Inc. (a) | 1,533,400 | 106,325,956 | |
CDW Corp. | 458,700 | 91,923,480 | |
Experian PLC | 3,954,500 | 119,729,841 | |
Ferguson PLC | 957,700 | 143,525,696 | |
Fiserv, Inc. (a) | 278,700 | 31,702,125 | |
ICON PLC (a) | 576,900 | 140,740,524 | |
Linde PLC | 560,100 | 214,047,816 | |
Marsh & McLennan Companies, Inc. | 1,147,128 | 217,552,825 | |
Nestle SA (Reg. S) | 1,438,411 | 155,116,488 | |
S&P Global, Inc. | 483,451 | 168,874,269 | |
Schneider Electric SA | 704,231 | 108,351,061 | |
Thermo Fisher Scientific, Inc. | 199,800 | 88,865,046 | |
TOTAL UNITED STATES OF AMERICA | 1,586,755,127 | ||
TOTAL COMMON STOCKS (Cost $10,894,853,379) | 12,480,354,493 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(d) (Cost $11,754,376) | 25,711 | 943,735 | |
Money Market Funds - 2.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) (Cost $329,038,521) | 328,972,727 | 329,038,521 | |
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $11,235,646,276) | 12,810,336,749 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 34,562,879 |
NET ASSETS - 100.0% | 12,844,899,628 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $139,389,129 or 1.1% 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 $1,107,111 or 0.0% of net assets. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 433,222,869 | 3,046,041,398 | 3,150,225,746 | 8,575,473 | - | - | 329,038,521 | 0.7% |
Fidelity Securities Lending Cash Central Fund 5.40% | 246,472,375 | 1,474,269,746 | 1,720,742,121 | 1,148,624 | - | - | - | 0.0% |
Total | 679,695,244 | 4,520,311,144 | 4,870,967,867 | 9,724,097 | - | - | 329,038,521 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 66,319,673 | - | 66,319,673 | - |
Consumer Discretionary | 1,220,650,100 | 101,072,127 | 1,119,577,973 | - |
Consumer Staples | 883,833,405 | 212,139,435 | 671,693,970 | - |
Energy | 281,415,110 | - | 281,415,110 | - |
Financials | 2,913,479,617 | 1,273,233,205 | 1,640,246,412 | - |
Health Care | 1,822,593,171 | 864,018,052 | 958,575,119 | - |
Industrials | 2,418,459,520 | 1,240,381,810 | 1,178,077,710 | - |
Information Technology | 1,968,873,038 | 735,840,180 | 1,231,925,739 | 1,107,119 |
Materials | 769,292,827 | 409,550,148 | 359,742,679 | - |
Real Estate | 136,381,767 | 106,325,956 | 30,055,811 | - |
Money Market Funds | 329,038,521 | 329,038,521 | - | - |
Total Investments in Securities: | 12,810,336,749 | 5,271,599,434 | 7,537,630,196 | 1,107,119 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,906,607,755) | $ | 12,481,298,228 | ||
Fidelity Central Funds (cost $329,038,521) | 329,038,521 | |||
Total Investment in Securities (cost $11,235,646,276) | $ | 12,810,336,749 | ||
Foreign currency held at value (cost $535,787) | 535,665 | |||
Receivable for investments sold | 55,433,184 | |||
Receivable for fund shares sold | 141,311,338 | |||
Dividends receivable | 16,594,392 | |||
Reclaims receivable | 44,796,223 | |||
Distributions receivable from Fidelity Central Funds | 1,361,107 | |||
Total assets | 13,070,368,658 | |||
Liabilities | ||||
Payable for investments purchased | $ | 176,800,002 | ||
Payable for fund shares redeemed | 44,561,596 | |||
Other payables and accrued expenses | 4,107,432 | |||
Total Liabilities | 225,469,030 | |||
Net Assets | $ | 12,844,899,628 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,685,210,642 | ||
Total accumulated earnings (loss) | 1,159,688,986 | |||
Net Assets | $ | 12,844,899,628 | ||
Net Asset Value, offering price and redemption price per share ($12,844,899,628 ÷ 1,134,493,972 shares) | $ | 11.32 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 274,487,922 | ||
Foreign Tax Reclaims | 15,691,286 | |||
Income from Fidelity Central Funds (including $1,148,624 from security lending) | 9,724,097 | |||
Income before foreign taxes withheld | $ | 299,903,305 | ||
Less foreign taxes withheld | (44,647,677) | |||
Total Income | 255,255,628 | |||
Expenses | ||||
Custodian fees and expenses | $ | 933,347 | ||
Independent trustees' fees and expenses | 75,727 | |||
Interest | 34,750 | |||
Total Expenses | 1,043,824 | |||
Net Investment income (loss) | 254,211,804 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $623,921) | (29,662,288) | |||
Redemptions in-kind | 121,959,420 | |||
Foreign currency transactions | (1,831,522) | |||
Total net realized gain (loss) | 90,465,610 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $303,992) | 1,366,930,365 | |||
Assets and liabilities in foreign currencies | 3,116,587 | |||
Total change in net unrealized appreciation (depreciation) | 1,370,046,952 | |||
Net gain (loss) | 1,460,512,562 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,714,724,366 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 254,211,804 | $ | 248,884,392 |
Net realized gain (loss) | 90,465,610 | (580,283,592) | ||
Change in net unrealized appreciation (depreciation) | 1,370,046,952 | (4,371,425,395) | ||
Net increase (decrease) in net assets resulting from operations | 1,714,724,366 | (4,702,824,595) | ||
Distributions to shareholders | (228,975,390) | (454,822,647) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,971,571,393 | 3,241,589,484 | ||
Reinvestment of distributions | 228,975,390 | 454,822,647 | ||
Cost of shares redeemed | (3,158,640,518) | (1,640,720,377) | ||
Net increase (decrease) in net assets resulting from share transactions | (958,093,735) | 2,055,691,754 | ||
Total increase (decrease) in net assets | 527,655,241 | (3,101,955,488) | ||
Net Assets | ||||
Beginning of period | 12,317,244,387 | 15,419,199,875 | ||
End of period | $ | 12,844,899,628 | $ | 12,317,244,387 |
Other Information | ||||
Shares | ||||
Sold | 166,640,804 | 267,011,806 | ||
Issued in reinvestment of distributions | 20,554,344 | 32,302,745 | ||
Redeemed | (271,702,575) | (137,519,813) | ||
Net increase (decrease) | (84,507,427) | 161,794,738 | ||
Fidelity® Series Overseas Fund |
Years ended October 31, | 2023 | 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 | .22 | .21 | .17 | .14 | .06 D | |||||
Net realized and unrealized gain (loss) | 1.20 | (4.27) | 3.93 | .32 | .14 | |||||
Total from investment operations | 1.42 | (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 | $ | 11.32 | $ | 10.10 | $ | 14.58 | $ | 10.62 | $ | 10.20 |
Total Return E | 14.05% | (28.66)% | 38.89% | 4.51% | 2.00% | |||||
Ratios to Average Net Assets C,F,G | ||||||||||
Expenses before reductions | .01% | .01% | .01% | .01% | .01% H | |||||
Expenses net of fee waivers, if any | .01% | .01% | .01% | .01% | .01% H | |||||
Expenses net of all reductions | .01% | .01% | .01% | .01% | .01% H | |||||
Net investment income (loss) | 1.90% | 1.79% | 1.29% | 1.35% | 1.69% D,H | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 12,844,900 | $ | 12,317,244 | $ | 15,419,200 | $ | 11,508,376 | $ | 6,226,806 |
Portfolio turnover rate I | 38% J | 28% J | 33% | 50% | 12% J,K |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $2,111,567,944 |
Gross unrealized depreciation | (551,526,583) |
Net unrealized appreciation (depreciation) | $1,560,041,361 |
Tax Cost | $11,250,295,388 |
Undistributed ordinary income | $216,052,626 |
Capital loss carryforward | $(611,597,364) |
Net unrealized appreciation (depreciation) on securities and other investments | $1,559,032,941 |
Short-term | $(514,624,302) |
Long-term | (96,973,062) |
Total capital loss carryforward | $(611,597,364) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $228,975,390 | $186,260,703 |
Long-term Capital Gains | - | 268,561,944 |
Total | $228,975,390 | $454,822,647 |
Purchases ($) | Sales ($) | |
Fidelity Series Overseas Fund | 4,976,805,546 | 5,495,440,806 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Overseas Fund | 32,698,280 | 121,959,420 | 380,570,728 |
Amount | |
Fidelity Series Overseas Fund | $ 2,047 |
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) ($) | |
Fidelity Series Overseas Fund | 246,129,847 | 94,964,927 | (4,564,405) |
Shares | Total net realized gain or loss ($) | 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 | $121,513 | $ - | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Series Overseas Fund | .01% | |||||||||
Actual | $ 1,000 | $ 915.90 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 0.52% | 2.31% | 2.17% |
Class M (incl. 3.50% sales charge) | 2.68% | 2.54% | 2.17% |
Class C (incl. contingent deferred sales charge) | 4.84% | 2.71% | 2.15% |
Fidelity® International Discovery Fund | 7.04% | 3.88% | 3.13% |
Class K | 7.15% | 3.98% | 3.25% |
Class I | 7.01% | 3.85% | 3.11% |
Class Z | 7.14% | 3.98% | 3.25% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® International Discovery Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.3 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.7 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.5 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
HDFC Bank Ltd. (India, Bank) | 2.1 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.1 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.0 | |
Air Liquide SA (France, Chemicals) | 1.9 | |
UniCredit SpA (Italy, Banks) | 1.8 | |
23.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 19.1 | |
Information Technology | 16.4 | |
Industrials | 15.4 | |
Consumer Discretionary | 13.4 | |
Health Care | 12.2 | |
Consumer Staples | 6.2 | |
Materials | 6.2 | |
Energy | 3.1 | |
Communication Services | 2.8 | |
Real Estate | 1.1 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.0% | |||
Shares | Value ($) (000s) | ||
Australia - 2.5% | |||
Bapcor Ltd. | 5,572,948 | 18,969 | |
Flight Centre Travel Group Ltd. (a) | 3,499,107 | 41,595 | |
Flutter Entertainment PLC (b) | 304,826 | 47,813 | |
IperionX Ltd. (b)(c)(d) | 16,527,456 | 13,105 | |
National Storage REIT unit | 42,709,609 | 54,454 | |
TOTAL AUSTRALIA | 175,936 | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (e) | 3,616,073 | 28,063 | |
Belgium - 1.2% | |||
KBC Group NV | 444,579 | 24,414 | |
UCB SA | 823,012 | 60,139 | |
TOTAL BELGIUM | 84,553 | ||
Brazil - 0.7% | |||
MercadoLibre, Inc. (b) | 39,936 | 49,550 | |
Canada - 3.8% | |||
Canadian Natural Resources Ltd. | 1,711,559 | 108,686 | |
Constellation Software, Inc. | 59,911 | 120,103 | |
Constellation Software, Inc. warrants 8/22/28 (b)(d) | 51,211 | 0 | |
Definity Financial Corp. | 506,686 | 14,009 | |
Franco-Nevada Corp. | 205,729 | 25,027 | |
Lumine Group, Inc. | 158,876 | 1,998 | |
TOTAL CANADA | 269,823 | ||
China - 1.5% | |||
Alibaba Group Holding Ltd. (b) | 1,764,328 | 18,164 | |
Chervon Holdings Ltd. | 7,803,207 | 19,220 | |
JOYY, Inc. ADR | 1,289,500 | 50,187 | |
Tencent Holdings Ltd. | 551,494 | 20,410 | |
TOTAL CHINA | 107,981 | ||
Denmark - 3.8% | |||
DSV A/S | 216,872 | 32,344 | |
Novo Nordisk A/S Series B | 2,474,606 | 238,740 | |
TOTAL DENMARK | 271,084 | ||
France - 11.2% | |||
Air Liquide SA | 774,350 | 132,687 | |
Airbus Group NV | 489,145 | 65,583 | |
AXA SA | 3,101,358 | 91,895 | |
BNP Paribas SA | 1,381,796 | 79,459 | |
Edenred SA | 969,780 | 51,552 | |
EssilorLuxottica SA | 314,416 | 56,769 | |
Exclusive Networks SA (b) | 1,616,563 | 25,691 | |
L'Oreal SA | 195,645 | 82,236 | |
LVMH Moet Hennessy Louis Vuitton SE | 225,550 | 161,478 | |
Pernod Ricard SA | 276,393 | 48,986 | |
TOTAL FRANCE | 796,336 | ||
Germany - 4.4% | |||
Fresenius SE & Co. KGaA | 918,300 | 23,553 | |
Merck KGaA | 359,030 | 54,077 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 174,315 | 69,812 | |
Nexus AG | 562,762 | 27,421 | |
Rheinmetall AG | 187,945 | 53,773 | |
Siemens AG | 461,612 | 61,255 | |
Siemens Healthineers AG (e) | 475,045 | 23,283 | |
TOTAL GERMANY | 313,174 | ||
Hong Kong - 1.2% | |||
AIA Group Ltd. | 9,534,937 | 82,800 | |
Hungary - 0.3% | |||
Richter Gedeon PLC | 850,465 | 19,941 | |
India - 4.1% | |||
Avenue Supermarts Ltd. (b)(e) | 505,358 | 22,058 | |
HDFC Bank Ltd. | 6,770,919 | 120,111 | |
HDFC Bank Ltd. sponsored ADR | 524,765 | 29,675 | |
ITC Ltd. | 4,656,000 | 23,960 | |
Larsen & Toubro Ltd. | 523,073 | 18,402 | |
One97 Communications Ltd. (b) | 4,023,500 | 44,515 | |
Pine Labs Private Ltd. (b)(d)(f) | 8,672 | 2,720 | |
PVR INOX Ltd. (b) | 449,200 | 8,622 | |
Sona Blw Precision Forgings Ltd. (e) | 2,874,000 | 18,698 | |
Star Health & Allied Insurance Co. Ltd. (b) | 992,200 | 6,910 | |
TOTAL INDIA | 295,671 | ||
Ireland - 1.4% | |||
Cairn Homes PLC | 27,436,266 | 32,180 | |
Dalata Hotel Group PLC | 11,172,339 | 47,404 | |
Kingspan Group PLC (Ireland) | 348,509 | 23,409 | |
TOTAL IRELAND | 102,993 | ||
Italy - 4.1% | |||
BFF Bank SpA (e) | 3,154,969 | 30,295 | |
Davide Campari Milano NV | 2,893,514 | 31,933 | |
Ferrari NV | 163,803 | 49,410 | |
FinecoBank SpA | 1,625,451 | 19,117 | |
Prysmian SpA | 800,300 | 29,883 | |
Recordati SpA | 160,944 | 7,425 | |
UniCredit SpA | 4,998,771 | 125,317 | |
TOTAL ITALY | 293,380 | ||
Japan - 18.9% | |||
Advantest Corp. | 1,046,428 | 26,955 | |
BayCurrent Consulting, Inc. | 577,000 | 14,487 | |
Capcom Co. Ltd. | 1,225,625 | 39,452 | |
Daiichi Sankyo Kabushiki Kaisha | 1,712,619 | 44,159 | |
Eisai Co. Ltd. | 299,900 | 15,888 | |
Fast Retailing Co. Ltd. | 280,173 | 62,029 | |
FUJIFILM Holdings Corp. | 692,538 | 37,880 | |
Hitachi Ltd. | 2,274,914 | 144,199 | |
Hoya Corp. | 1,020,783 | 98,269 | |
Itochu Corp. | 2,615,509 | 94,213 | |
JTOWER, Inc. (a)(b) | 880,212 | 32,032 | |
Keyence Corp. | 125,031 | 48,402 | |
Misumi Group, Inc. | 937,676 | 14,195 | |
Mitsubishi UFJ Financial Group, Inc. | 9,101,298 | 76,352 | |
NOF Corp. | 447,204 | 17,643 | |
ORIX Corp. | 4,171,266 | 75,860 | |
Outsourcing, Inc. | 2,520,506 | 18,730 | |
Pan Pacific International Holdings Ltd. | 1,971,400 | 38,178 | |
Persol Holdings Co. Ltd. | 22,870,620 | 34,293 | |
Renesas Electronics Corp. (b) | 5,996,514 | 78,768 | |
Shin-Etsu Chemical Co. Ltd. | 3,250,901 | 97,213 | |
Sony Group Corp. | 1,195,018 | 99,352 | |
Sumitomo Mitsui Financial Group, Inc. | 1,229,174 | 59,256 | |
TechnoPro Holdings, Inc. | 803,637 | 15,921 | |
TIS, Inc. | 1,356,750 | 29,055 | |
Tokio Marine Holdings, Inc. | 1,758,860 | 39,350 | |
TOTAL JAPAN | 1,352,131 | ||
Kazakhstan - 0.0% | |||
Kaspi.KZ JSC GDR (Reg. S) | 40,900 | 3,697 | |
Korea (South) - 1.3% | |||
Samsung Electronics Co. Ltd. | 1,931,510 | 95,998 | |
Netherlands - 8.0% | |||
ASML Holding NV (Netherlands) | 315,174 | 189,458 | |
BE Semiconductor Industries NV | 721,740 | 74,305 | |
IMCD NV | 225,189 | 27,044 | |
ING Groep NV (Certificaten Van Aandelen) | 3,889,474 | 49,865 | |
Shell PLC (London) | 3,654,000 | 117,757 | |
Topicus.Com, Inc. (b) | 101,548 | 6,686 | |
Universal Music Group NV | 970,544 | 23,767 | |
Wolters Kluwer NV | 653,600 | 83,750 | |
TOTAL NETHERLANDS | 572,632 | ||
Russia - 0.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (b)(d) | 619,390 | 229 | |
Spain - 1.4% | |||
CaixaBank SA | 17,998,287 | 73,173 | |
Cie Automotive SA | 1,050,928 | 26,754 | |
TOTAL SPAIN | 99,927 | ||
Sweden - 1.4% | |||
ASSA ABLOY AB (B Shares) | 1,380,789 | 29,432 | |
Indutrade AB | 2,394,149 | 42,285 | |
Kry International AB (b)(d)(f) | 4,183 | 154 | |
Lagercrantz Group AB (B Shares) | 2,939,024 | 26,777 | |
TOTAL SWEDEN | 98,648 | ||
Switzerland - 0.4% | |||
Partners Group Holding AG | 30,988 | 32,594 | |
Taiwan - 2.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 9,144,000 | 149,230 | |
United Kingdom - 13.1% | |||
3i Group PLC | 2,902,400 | 68,432 | |
AstraZeneca PLC (United Kingdom) | 1,546,581 | 193,638 | |
BAE Systems PLC | 7,885,321 | 106,029 | |
Big Yellow Group PLC | 2,163,353 | 25,111 | |
Bunzl PLC | 2,238,046 | 79,757 | |
Cab Payments Holdings Ltd. | 3,856,300 | 2,869 | |
Compass Group PLC | 4,817,210 | 121,449 | |
Diageo PLC | 1,519,133 | 57,448 | |
Games Workshop Group PLC | 220,822 | 26,504 | |
JD Sports Fashion PLC | 15,236,172 | 23,611 | |
London Stock Exchange Group PLC | 522,513 | 52,719 | |
RELX PLC (London Stock Exchange) | 2,138,000 | 74,675 | |
Sage Group PLC | 4,764,000 | 56,202 | |
Smart Metering Systems PLC | 2,852,560 | 22,155 | |
Starling Bank Ltd. Series D (b)(d)(f) | 6,223,100 | 22,238 | |
Zegona Communications PLC (b)(c)(d) | 322,474 | 122 | |
TOTAL UNITED KINGDOM | 932,959 | ||
United States of America - 7.7% | |||
CRH PLC | 1,123,211 | 60,356 | |
Energy Recovery, Inc. (b) | 319,500 | 4,856 | |
Globant SA (b) | 100,728 | 17,153 | |
Lattice Semiconductor Corp. (b) | 259,585 | 14,436 | |
Linde PLC | 236,383 | 90,336 | |
Microsoft Corp. | 198,900 | 67,250 | |
Nestle SA (Reg. S) | 1,652,478 | 178,201 | |
NVIDIA Corp. | 184,132 | 75,089 | |
Samsonite International SA (b)(e) | 12,741,420 | 39,462 | |
TOTAL UNITED STATES OF AMERICA | 547,139 | ||
Zambia - 0.1% | |||
First Quantum Minerals Ltd. | 511,300 | 5,925 | |
TOTAL COMMON STOCKS (Cost $5,773,259) | 6,782,394 | ||
Preferred Stocks - 0.9% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 0.7% | |||
China - 0.5% | |||
ByteDance Ltd. Series E1 (b)(d)(f) | 131,235 | 30,663 | |
dMed Biopharmaceutical Co. Ltd. Series C (b)(d)(f) | 727,754 | 4,286 | |
34,949 | |||
Estonia - 0.2% | |||
Bolt Technology OU Series E (b)(d)(f) | 87,239 | 10,303 | |
United States of America - 0.0% | |||
Canva, Inc.: | |||
Series A (d)(f) | 931 | 994 | |
Series A2 (d)(f) | 169 | 180 | |
1,174 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 46,426 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
India - 0.2% | |||
Pine Labs Private Ltd.: | |||
Series 1 (b)(d)(f) | 20,726 | 6,502 | |
Series A (b)(d)(f) | 5,179 | 1,625 | |
Series B (b)(d)(f) | 5,635 | 1,768 | |
Series B2 (b)(d)(f) | 4,558 | 1,430 | |
Series C (b)(d)(f) | 8,478 | 2,659 | |
Series C1 (b)(d)(f) | 1,786 | 560 | |
Series D (b)(d)(f) | 1,910 | 599 | |
15,143 | |||
Sweden - 0.0% | |||
Kry International AB Series E (b)(d)(f) | 24,162 | 887 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 16,030 | ||
TOTAL PREFERRED STOCKS (Cost $77,597) | 62,456 | ||
Money Market Funds - 4.2% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.40% (g) | 264,550,089 | 264,603 | |
Fidelity Securities Lending Cash Central Fund 5.40% (g)(h) | 31,744,080 | 31,747 | |
TOTAL MONEY MARKET FUNDS (Cost $296,350) | 296,350 | ||
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $6,147,206) | 7,141,200 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (5,530) |
NET ASSETS - 100.0% | 7,135,670 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Affiliated company |
(d) | Level 3 security |
(e) | 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 $161,859,000 or 2.3% of net assets. |
(f) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $87,568,000 or 1.2% of net assets. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Bolt Technology OU Series E | 1/03/22 | 22,664 |
ByteDance Ltd. Series E1 | 11/18/20 | 14,380 |
Canva, Inc. Series A | 9/22/23 | 993 |
Canva, Inc. Series A2 | 9/22/23 | 180 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 376,692 | 2,030,286 | 2,142,375 | 10,679 | - | - | 264,603 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.40% | 29,429 | 1,022,327 | 1,020,009 | 1,310 | - | - | 31,747 | 0.1% |
Total | 406,121 | 3,052,613 | 3,162,384 | 11,989 | - | - | 296,350 | |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Dalata Hotel Group PLC | 36,423 | - | 171 | 476 | 65 | 11,544 | - |
IperionX Ltd. | 6,780 | 1,236 | 35 | - | 7 | 5,223 | 13,105 |
Zegona Communications PLC | 282 | - | 1 | - | (1) | (153) | 122 |
Total | 43,485 | 1,236 | 207 | 476 | 71 | 16,614 | 13,227 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 205,255 | 50,187 | 124,283 | 30,785 |
Consumer Discretionary | 942,994 | 303,226 | 638,594 | 1,174 |
Consumer Staples | 445,051 | 80,919 | 363,903 | 229 |
Energy | 226,443 | 108,686 | 117,757 | - |
Financials | 1,374,349 | 306,097 | 1,046,014 | 22,238 |
Health Care | 867,588 | 272,608 | 590,694 | 4,286 |
Industrials | 1,090,670 | 399,256 | 691,414 | - |
Information Technology | 1,170,643 | 485,690 | 655,746 | 29,207 |
Materials | 442,292 | 181,644 | 247,543 | 13,105 |
Real Estate | 79,565 | 25,111 | 54,454 | - |
Money Market Funds | 296,350 | 296,350 | - | - |
Total Investments in Securities: | 7,141,200 | 2,509,774 | 4,530,402 | 101,024 |
(Amounts in thousands) | |||
Investments in Securities: | |||
Beginning Balance | $ | 91,683 | |
Net Realized Gain (Loss) on Investment Securities | 11 | ||
Net Unrealized Gain (Loss) on Investment Securities | 10 | ||
Cost of Purchases | 2,409 | ||
Proceeds of Sales | (151) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 7,062 | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 101,024 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at October 31, 2023 | $ | 10 | |
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) | October 31, 2023 | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $30,220) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,837,280) | $ | 6,831,623 | ||
Fidelity Central Funds (cost $296,350) | 296,350 | |||
Other affiliated issuers (cost $13,576) | 13,227 | |||
Total Investment in Securities (cost $6,147,206) | $ | 7,141,200 | ||
Foreign currency held at value (cost $41) | 41 | |||
Receivable for investments sold | 67,934 | |||
Receivable for fund shares sold | 4,531 | |||
Dividends receivable | 11,451 | |||
Reclaims receivable | 26,867 | |||
Distributions receivable from Fidelity Central Funds | 1,523 | |||
Prepaid expenses | 11 | |||
Other receivables | 3,408 | |||
Total assets | 7,256,966 | |||
Liabilities | ||||
Payable for investments purchased | $ | 74,593 | ||
Payable for fund shares redeemed | 3,997 | |||
Accrued management fee | 2,377 | |||
Distribution and service plan fees payable | 36 | |||
Other affiliated payables | 785 | |||
Deferred taxes | 7,146 | |||
Other payables and accrued expenses | 615 | |||
Collateral on securities loaned | 31,747 | |||
Total Liabilities | 121,296 | |||
Net Assets | $ | 7,135,670 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,625,956 | ||
Total accumulated earnings (loss) | 509,714 | |||
Net Assets | $ | 7,135,670 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($122,305 ÷ 3,127 shares)(a)(b) | $ | 39.12 | ||
Maximum offering price per share (100/94.25 of $39.12) | $ | 41.51 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($15,275 ÷ 395 shares)(a)(b) | $ | 38.71 | ||
Maximum offering price per share (100/96.50 of $38.71) | $ | 40.11 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,391 ÷ 115 shares)(a)(b) | $ | 38.06 | ||
International Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($3,352,940 ÷ 84,870 shares) | $ | 39.51 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($476,117 ÷ 12,088 shares) | $ | 39.39 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($496,845 ÷ 12,626 shares) | $ | 39.35 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($2,667,797 ÷ 67,828 shares) | $ | 39.33 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. | ||||
(b)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or shares. |
Statement of Operations | ||||
Amounts in thousands | Year ended October 31, 2023 | |||
Investment Income | ||||
Dividends (including $476 earned from affiliated issuers) | $ | 175,205 | ||
Interest | 202 | |||
Income from Fidelity Central Funds (including $1,310 from security lending) | 11,989 | |||
Income before foreign taxes withheld | $ | 187,396 | ||
Less foreign taxes withheld | (18,260) | |||
Total Income | 169,136 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 50,801 | ||
Performance adjustment | (13,772) | |||
Transfer agent fees | 8,126 | |||
Distribution and service plan fees | 491 | |||
Accounting fees | 1,612 | |||
Custodian fees and expenses | 662 | |||
Independent trustees' fees and expenses | 45 | |||
Registration fees | 158 | |||
Audit | 218 | |||
Legal | 9 | |||
Miscellaneous | 39 | |||
Total expenses before reductions | 48,389 | |||
Expense reductions | (474) | |||
Total expenses after reductions | 47,915 | |||
Net Investment income (loss) | 121,221 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $2) | (123,014) | |||
Redemptions in-kind | 29,458 | |||
Affiliated issuers | 71 | |||
Foreign currency transactions | 823 | |||
Total net realized gain (loss) | (92,662) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,949) | 505,956 | |||
Affiliated issuers | 16,614 | |||
Assets and liabilities in foreign currencies | 1,813 | |||
Total change in net unrealized appreciation (depreciation) | 524,383 | |||
Net gain (loss) | 431,721 | |||
Net increase (decrease) in net assets resulting from operations | $ | 552,942 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Year ended October 31, 2023 | Year ended October 31, 2022 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 121,221 | $ | 150,460 |
Net realized gain (loss) | (92,662) | (304,705) | ||
Change in net unrealized appreciation (depreciation) | 524,383 | (3,205,165) | ||
Net increase (decrease) in net assets resulting from operations | 552,942 | (3,359,410) | ||
Distributions to shareholders | (30,708) | (1,127,528) | ||
Share transactions - net increase (decrease) | (756,854) | 588,890 | ||
Total increase (decrease) in net assets | (234,620) | (3,898,048) | ||
Net Assets | ||||
Beginning of period | 7,370,290 | 11,268,338 | ||
End of period | $ | 7,135,670 | $ | 7,370,290 |
Fidelity Advisor® International Discovery Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.68 | $ | 58.79 | $ | 45.84 | $ | 43.31 | $ | 39.99 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .49 | .56 C | .18 | .16 | .63 D | |||||
Net realized and unrealized gain (loss) | 1.95 | (16.91) | 14.60 | 3.27 | 3.93 | |||||
Total from investment operations | 2.44 | (16.35) | 14.78 | 3.43 | 4.56 | |||||
Distributions from net investment income | - | (1.38) | (.12) | (.62) | (.33) | |||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | |||||
Total distributions | - | (5.76) | (1.83) | (.90) | (1.24) | |||||
Net asset value, end of period | $ | 39.12 | $ | 36.68 | $ | 58.79 | $ | 45.84 | $ | 43.31 |
Total Return E,F | 6.65% | (30.57)% | 32.86% | 8.02% | 11.90% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | 1.00% | 1.31% | 1.32% | 1.36% | 1.12% | |||||
Expenses net of fee waivers, if any | .99% | 1.30% | 1.32% | 1.36% | 1.12% | |||||
Expenses net of all reductions | .99% | 1.30% | 1.32% | 1.36% | 1.11% | |||||
Net investment income (loss) | 1.17% | 1.27% C | .32% | .38% | 1.57% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 122 | $ | 131 | $ | 206 | $ | 173 | $ | 185 |
Portfolio turnover rate I | 49% J | 43% J | 41% J | 34% J | 70% J |
Fidelity Advisor® International Discovery Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.38 | $ | 58.35 | $ | 45.53 | $ | 43.01 | $ | 39.71 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .38 | .45 C | .04 | .06 | .53 D | |||||
Net realized and unrealized gain (loss) | 1.95 | (16.81) | 14.51 | 3.24 | 3.91 | |||||
Total from investment operations | 2.33 | (16.36) | 14.55 | 3.30 | 4.44 | |||||
Distributions from net investment income | - | (1.23) | (.02) | (.51) | (.22) | |||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | |||||
Total distributions | - | (5.61) | (1.73) | (.78) E | (1.14) E | |||||
Net asset value, end of period | $ | 38.71 | $ | 36.38 | $ | 58.35 | $ | 45.53 | $ | 43.01 |
Total Return F,G | 6.40% | �� | (30.76)% | 32.53% | 7.77% | 11.62% | ||||
Ratios to Average Net Assets B,H,I | ||||||||||
Expenses before reductions | 1.24% | 1.55% | 1.57% | 1.61% | 1.37% | |||||
Expenses net of fee waivers, if any | 1.24% | 1.55% | 1.57% | 1.61% | 1.37% | |||||
Expenses net of all reductions | 1.23% | 1.55% | 1.57% | 1.60% | 1.35% | |||||
Net investment income (loss) | .93% | 1.02% C | .07% | .13% | 1.32% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 15 | $ | 16 | $ | 25 | $ | 21 | $ | 24 |
Portfolio turnover rate J | 49% K | 43% K | 41% K | 34% K | 70% K |
Fidelity Advisor® International Discovery Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 35.96 | $ | 57.59 | $ | 45.18 | $ | 42.60 | $ | 39.32 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .16 | .21 C | (.27) | (.18) | .31 D | |||||
Net realized and unrealized gain (loss) | 1.94 | (16.66) | 14.38 | 3.22 | 3.88 | |||||
Total from investment operations | 2.10 | (16.45) | 14.11 | 3.04 | 4.19 | |||||
Distributions from net investment income | - | (.80) | - | (.19) | - | |||||
Distributions from net realized gain | - | (4.38) | (1.70) | (.28) | (.91) | |||||
Total distributions | - | (5.18) | (1.70) | (.46) E | (.91) | |||||
Net asset value, end of period | $ | 38.06 | $ | 35.96 | $ | 57.59 | $ | 45.18 | $ | 42.60 |
Total Return F,G | 5.84% | (31.14)% | 31.79% | 7.19% | 11.02% | |||||
Ratios to Average Net Assets B,H,I | ||||||||||
Expenses before reductions | 1.77% | 2.10% | 2.14% | 2.16% | 1.91% | |||||
Expenses net of fee waivers, if any | 1.76% | 2.10% | 2.13% | 2.15% | 1.91% | |||||
Expenses net of all reductions | 1.76% | 2.10% | 2.13% | 2.15% | 1.90% | |||||
Net investment income (loss) | .40% | .48% C | (.50)% | (.41)% | .78% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 4 | $ | 5 | $ | 10 | $ | 11 | $ | 12 |
Portfolio turnover rate J | 49% K | 43% K | 41% K | 34% K | 70% K |
Fidelity® International Discovery Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 37.04 | $ | 59.31 | $ | 46.20 | $ | 43.65 | $ | 40.32 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .63 | .72 C | .36 | .32 | .78 D | |||||
Net realized and unrealized gain (loss) | 1.98 | (17.07) | 14.71 | 3.29 | 3.95 | |||||
Total from investment operations | 2.61 | (16.35) | 15.07 | 3.61 | 4.73 | |||||
Distributions from net investment income | (.14) | (1.54) | (.25) | (.78) | (.49) | |||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | |||||
Total distributions | (.14) | (5.92) | (1.96) | (1.06) | (1.40) | |||||
Net asset value, end of period | $ | 39.51 | $ | 37.04 | $ | 59.31 | $ | 46.20 | $ | 43.65 |
Total Return E | 7.04% | (30.36)% | 33.29% | 8.39% | 12.31% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .66% | .98% | .99% | 1.02% | .78% | |||||
Expenses net of fee waivers, if any | .65% | .97% | .99% | 1.02% | .78% | |||||
Expenses net of all reductions | .65% | .97% | .99% | 1.01% | .76% | |||||
Net investment income (loss) | 1.51% | 1.60% C | .65% | .72% | 1.92% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 3,353 | $ | 3,386 | $ | 5,117 | $ | 6,784 | $ | 6,726 |
Portfolio turnover rate H | 49% I | 43% I | 41% I | 34% I | 70% I |
Fidelity® International Discovery Fund Class K |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.93 | $ | 59.18 | $ | 46.10 | $ | 43.55 | $ | 40.25 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .68 | .78 C | .41 | .36 | .82 D | |||||
Net realized and unrealized gain (loss) | 1.96 | (17.02) | 14.67 | 3.29 | 3.93 | |||||
Total from investment operations | 2.64 | (16.24) | 15.08 | 3.65 | 4.75 | |||||
Distributions from net investment income | (.18) | (1.62) | (.29) | (.82) | (.54) | |||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | |||||
Total distributions | (.18) | (6.01) E | (2.00) | (1.10) | (1.45) | |||||
Net asset value, end of period | $ | 39.39 | $ | 36.93 | $ | 59.18 | $ | 46.10 | $ | 43.55 |
Total Return F | 7.15% | (30.28)% | 33.40% | 8.52% | 12.41% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | .55% | .87% | .90% | .91% | .66% | |||||
Expenses net of fee waivers, if any | .54% | .87% | .90% | .91% | .66% | |||||
Expenses net of all reductions | .54% | .87% | .90% | .91% | .65% | |||||
Net investment income (loss) | 1.62% | 1.71% C | .74% | .83% | 2.03% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 476 | $ | 603 | $ | 1,371 | $ | 1,401 | $ | 1,566 |
Portfolio turnover rate I | 49% J | 43% J | 41% J | 34% J | 70% J |
Fidelity Advisor® International Discovery Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.90 | $ | 59.15 | $ | 46.08 | $ | 43.53 | $ | 40.22 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .63 | .69 C | .35 | .31 | .77 D | |||||
Net realized and unrealized gain (loss) | 1.96 | (16.99) | 14.67 | 3.28 | 3.93 | |||||
Total from investment operations | 2.59 | (16.30) | 15.02 | 3.59 | 4.70 | |||||
Distributions from net investment income | (.14) | (1.57) | (.24) | (.76) | (.48) | |||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | |||||
Total distributions | (.14) | (5.95) | (1.95) | (1.04) | (1.39) | |||||
Net asset value, end of period | $ | 39.35 | $ | 36.90 | $ | 59.15 | $ | 46.08 | $ | 43.53 |
Total Return E | 7.01% | (30.37)% | 33.26% | 8.37% | 12.26% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .67% | .99% | 1.02% | 1.04% | .80% | |||||
Expenses net of fee waivers, if any | .66% | .99% | 1.02% | 1.04% | .80% | |||||
Expenses net of all reductions | .66% | .99% | 1.02% | 1.03% | .79% | |||||
Net investment income (loss) | 1.50% | 1.59% C | .62% | .70% | 1.89% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 497 | $ | 509 | $ | 566 | $ | 388 | $ | 463 |
Portfolio turnover rate H | 49% I | 43% I | 41% I | 34% I | 70% I |
Fidelity Advisor® International Discovery Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 36.88 | $ | 59.14 | $ | 46.07 | $ | 43.52 | $ | 40.22 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .67 | .76 C | .43 | .36 | .82 D | |||||
Net realized and unrealized gain (loss) | �� | 1.97 | (16.99) | 14.64 | 3.29 | 3.94 | ||||
Total from investment operations | 2.64 | (16.23) | 15.07 | 3.65 | 4.76 | |||||
Distributions from net investment income | (.19) | (1.65) | (.29) | (.82) | (.54) | |||||
Distributions from net realized gain | - | (4.38) | (1.71) | (.28) | (.91) | |||||
Total distributions | (.19) | (6.03) | (2.00) | (1.10) | (1.46) E | |||||
Net asset value, end of period | $ | 39.33 | $ | 36.88 | $ | 59.14 | $ | 46.07 | $ | 43.52 |
Total Return F | 7.14% | (30.29)% | 33.40% | 8.53% | 12.42% | |||||
Ratios to Average Net Assets B,G,H | ||||||||||
Expenses before reductions | .55% | .87% | .90% | .91% | .66% | |||||
Expenses net of fee waivers, if any | .54% | .87% | .90% | .91% | .66% | |||||
Expenses net of all reductions | .54% | .87% | .90% | .91% | .65% | |||||
Net investment income (loss) | 1.62% | 1.71% C | .74% | .83% | 2.03% D | |||||
Supplemental Data | ||||||||||
Net assets, end of period (in millions) | $ | 2,668 | $ | 2,720 | $ | 3,972 | $ | 54 | $ | 82 |
Portfolio turnover rate I | 49% J | 43% J | 41% J | 34% J | 70% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $101,024 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.0 - 12.8 / 5.3 | Increase |
Enterprise value/Net income multiple (EV/NI) | 11.5 | Increase | |||
Market approach | Transaction price | $0.38 - $0.79 / $0.79 | Increase | ||
Discount rate | 50.0% | Decrease | |||
Recovery value | Recovery value | $0.00 | Increase | ||
Black scholes | Discount rate | 4.9% | Increase | ||
Volatility | 60.0% | Increase | |||
Term | 3.0 | Increase |
Fidelity International Discovery Fund | $388 |
Gross unrealized appreciation | $1,321,852 |
Gross unrealized depreciation | (415,433) |
Net unrealized appreciation (depreciation) | $906,419 |
Tax Cost | $6,234,781 |
Undistributed ordinary income | $147,909 |
Capital loss carryforward | $(533,865) |
Net unrealized appreciation (depreciation) on securities and other investments | $903,039 |
Short-term | $(533,865) |
Long-term | - |
Total capital loss carryforward | $(533,865) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $30,708 | $382,080 |
Long-term Capital Gains | - | 745,448 |
Total | $30,708 | $1,127,528 |
Purchases ($) | Sales ($) | |
Fidelity International Discovery Fund | 3,669,932 | 4,113,943 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity International Discovery Fund | 2,746 | 29,458 | 115,652 | International Discovery and Class K |
Shares | Total net realized gain or loss ($) | 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% | $351 | $2 |
Class M | .25% | .25% | 86 | -A |
Class C | .75% | .25% | 54 | 4 |
$491 | $6 |
Retained by FDC | |
Class A | $7 |
Class M | 1 |
Class CA | -B |
$8 |
Amount | % of Class-Level Average Net Assets | |
Class A | $333 | .24 |
Class M | 40 | .23 |
Class C | 14 | .26 |
International Discovery | 5,430 | .15 |
Class K | 240 | .04 |
Class I | 863 | .16 |
Class Z | 1,206 | .04 |
$8,126 |
% of Class-Level Average Net Assets | |
Class A | 0.2000% |
Class M | 0.2000% |
Class C | 0.2000% |
International Discovery | 0.1447% |
Class I | 0.1603% |
% of Average Net Assets | |
Fidelity International Discovery Fund | .02 |
% of Average Net Assets | |
Fidelity International Discovery Fund | 0.0200% |
Amount | |
Fidelity International Discovery Fund | $5 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Discovery Fund | 116,280 | 85,679 | (10,839) |
Amount | |
Fidelity International Discovery Fund | $14 |
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 | $142 | $- | $- |
Expense reduction | |
Class M | -A |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity International Discovery Fund | ||||
Class A | ||||
Shares sold | 180 | 268 | $7,469 | $11,889 |
Reinvestment of distributions | - | 387 | - | 19,790 |
Shares redeemed | (617) | (597) | (25,738) | (26,398) |
Net increase (decrease) | (437) | 58 | $(18,269) | $5,281 |
Class M | ||||
Shares sold | 16 | 22 | $693 | $962 |
Reinvestment of distributions | - | 47 | - | 2,368 |
Shares redeemed | (64) | (58) | (2,637) | (2,608) |
Net increase (decrease) | (48) | 11 | $(1,944) | $722 |
Class C | ||||
Shares sold | 14 | 12 | $581 | $599 |
Reinvestment of distributions | - | 18 | - | 888 |
Shares redeemed | (50) | (57) | (2,029) | (2,536) |
Net increase (decrease) | (36) | (27) | $(1,448) | $(1,049) |
International Discovery | ||||
Shares sold | 4,512 | 7,204 | $188,209 | $327,014 |
Reinvestment of distributions | 286 | 9,116 | 11,602 | 469,882 |
Shares redeemed | (11,328) | (11,205) | (472,160) | (499,877) |
Net increase (decrease) | (6,530) | 5,115 | $(272,349) | $297,019 |
Class K | ||||
Shares sold | 1,401 | 2,511 | $58,356 | $114,979 |
Reinvestment of distributions | 72 | 2,616 | 2,923 | 134,333 |
Shares redeemed | (5,700) | (11,983) | (236,604) | (555,470) |
Net increase (decrease) | (4,227) | (6,856) | $(175,325) | $(306,158) |
Class I | ||||
Shares sold | 2,991 | 34,479 | $122,437 | $1,453,949 |
Reinvestment of distributions | 9 | 298 | 373 | 15,297 |
Shares redeemed | (4,177) | (30,537) | (170,989) | (1,266,702) |
Net increase (decrease) | (1,177) | 4,240 | $(48,179) | $202,544 |
Class Z | ||||
Shares sold | 576 | 3,672 | $24,069 | $187,806 |
Reinvestment of distributions | 329 | 7,866 | 13,272 | 403,304 |
Shares redeemed | (6,831) | (4,955) | (276,681) | (200,579) |
Net increase (decrease) | (5,926) | 6,583 | $(239,340) | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Discovery Fund | ||||||||||
Class A | .92% | |||||||||
Actual | $ 1,000 | $ 914.00 | $ 4.44 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.57 | $ 4.69 | |||||||
Class M | 1.17% | |||||||||
Actual | $ 1,000 | $ 912.80 | $ 5.64 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.31 | $ 5.96 | |||||||
Class C | 1.68% | |||||||||
Actual | $ 1,000 | $ 910.30 | $ 8.09 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.74 | $ 8.54 | |||||||
Fidelity® International Discovery Fund | .58% | |||||||||
Actual | $ 1,000 | $ 915.60 | $ 2.80 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.28 | $ 2.96 | |||||||
Class K | .46% | |||||||||
Actual | $ 1,000 | $ 916.00 | $ 2.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.89 | $ 2.35 | |||||||
Class I | .60% | |||||||||
Actual | $ 1,000 | $ 915.30 | $ 2.90 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.18 | $ 3.06 | |||||||
Class Z | .48% | |||||||||
Actual | $ 1,000 | $ 915.90 | $ 2.32 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.79 | $ 2.45 | |||||||
Pay Date | Income | Taxes | |
Fidelity International Discovery Fund | |||
International Discovery | 12/12/2022 | $0.2456 | $0.1056 |
Class K | 12/12/2022 | $0.2896 | $0.1056 |
Class I | 12/12/2022 | $0.2446 | $0.1056 |
Class Z | 12/12/2022 | $0.2916 | $0.1056 |
Contents
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity Series Select International Small Cap Fund, on November 4, 2022, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Small Cap Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Munters Group AB (Sweden, Building Products) | 1.0 | |
VZ Holding AG (Switzerland, Capital Markets) | 1.0 | |
Lancashire Holdings Ltd. (United Kingdom, Insurance) | 1.0 | |
Sabre Insurance Group PLC (United Kingdom, Insurance) | 0.9 | |
Kyoto Financial Group, Inc. (Japan, Banks) | 0.9 | |
Mitie Group PLC (United Kingdom, Commercial Services & Supplies) | 0.9 | |
B&M European Value Retail SA (United Kingdom, Broadline Retail) | 0.9 | |
Steadfast Group Ltd. (Australia, Insurance) | 0.9 | |
Toyo Suisan Kaisha Ltd. (Japan, Food Products) | 0.8 | |
Fuyo General Lease Co. Ltd. (Japan, Financial Services) | 0.8 | |
9.1 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 22.2 | |
Consumer Discretionary | 14.2 | |
Financials | 11.6 | |
Information Technology | 9.8 | |
Materials | 8.3 | |
Real Estate | 8.0 | |
Consumer Staples | 6.7 | |
Health Care | 5.9 | |
Communication Services | 5.5 | |
Energy | 2.9 | |
Utilities | 2.0 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.6% | |||
Shares | Value ($) | ||
Australia - 7.7% | |||
29Metals Ltd. | 3,273 | 1,290 | |
ALS Ltd. | 968 | 6,625 | |
Ansell Ltd. | 270 | 3,648 | |
Aurizon Holdings Ltd. | 2,153 | 4,689 | |
Beach Energy Ltd. | 6,020 | 5,929 | |
CAR Group Ltd. | 463 | 8,161 | |
Challenger Ltd. | 953 | 3,553 | |
Evolution Mining Ltd. | 2,072 | 4,634 | |
Flight Centre Travel Group Ltd. | 488 | 5,801 | |
GUD Holdings Ltd. | 1,090 | 7,412 | |
Incitec Pivot Ltd. | 2,876 | 5,021 | |
Iress Ltd. | 669 | 2,133 | |
McMillan Shakespeare Ltd. | 213 | 2,270 | |
National Storage REIT unit | 4,732 | 6,033 | |
Steadfast Group Ltd. | 2,681 | 9,219 | |
Treasury Wine Estates Ltd. | 809 | 6,210 | |
TOTAL AUSTRALIA | 82,628 | ||
Austria - 1.8% | |||
AT&S Austria Technologie & Systemtechnik AG | 197 | 4,936 | |
Schoeller-Bleckmann Oilfield Equipment AG | 97 | 4,896 | |
Wienerberger AG | 268 | 6,505 | |
Zumtobel AG | 440 | 2,686 | |
TOTAL AUSTRIA | 19,023 | ||
Bailiwick of Jersey - 0.5% | |||
JTC PLC (a) | 725 | 5,626 | |
Belgium - 1.6% | |||
Azelis Group NV | 277 | 4,719 | |
Econocom Group SA | 2,021 | 4,950 | |
Fagron NV | 406 | 7,123 | |
TOTAL BELGIUM | 16,792 | ||
Finland - 0.9% | |||
Huhtamaki Oyj | 173 | 5,933 | |
Musti Group OYJ | 206 | 4,056 | |
TOTAL FINLAND | 9,989 | ||
France - 5.5% | |||
Altarea SCA | 44 | 3,129 | |
ALTEN | 48 | 5,653 | |
Euroapi SASU (b) | 363 | 1,899 | |
Exclusive Networks SA (b) | 374 | 5,944 | |
Ipsos SA | 117 | 5,677 | |
Nexans SA | 35 | 2,470 | |
Rexel SA | 413 | 8,406 | |
SEB SA | 50 | 4,928 | |
Ubisoft Entertainment SA (b) | 180 | 5,120 | |
Vallourec SA (b) | 514 | 6,159 | |
Vicat SA | 127 | 3,897 | |
Virbac SA | 23 | 6,595 | |
TOTAL FRANCE | 59,877 | ||
Germany - 4.9% | |||
Bilfinger Berger AG | 151 | 5,531 | |
CTS Eventim AG | 108 | 6,519 | |
Gerresheimer AG | 60 | 5,580 | |
Lanxess AG | 140 | 3,200 | |
Mensch und Maschine Software SE | 82 | 4,282 | |
Patrizia Immobilien AG | 474 | 3,827 | |
PVA TePla AG (b) | 189 | 2,862 | |
SAF-Holland SA | 623 | 8,306 | |
Stabilus Se | 126 | 7,986 | |
Takkt AG | 400 | 5,121 | |
TOTAL GERMANY | 53,214 | ||
Hong Kong - 2.4% | |||
ASMPT Ltd. | 469 | 3,972 | |
Dah Sing Financial Holdings Ltd. | 1,207 | 2,732 | |
Fortune (REIT) | 4,496 | 2,515 | |
Hysan Development Co. Ltd. | 2,024 | 3,726 | |
Luk Fook Holdings International Ltd. | 2,386 | 5,919 | |
Melco International Development Ltd. (b) | 3,000 | 2,097 | |
Pacific Basin Shipping Ltd. | 16,000 | 4,630 | |
TOTAL HONG KONG | 25,591 | ||
Ireland - 1.7% | |||
Bank of Ireland Group PLC | 675 | 6,035 | |
C&C Group PLC (United Kingdom) | 3,268 | 5,529 | |
Dalata Hotel Group PLC | 1,460 | 6,195 | |
TOTAL IRELAND | 17,759 | ||
Israel - 1.7% | |||
Bezeq The Israel Telecommunication Corp. Ltd. | 4,330 | 5,328 | |
Nova Ltd. (b) | 80 | 7,618 | |
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. | 103 | 5,555 | |
TOTAL ISRAEL | 18,501 | ||
Italy - 2.4% | |||
Banca Generali SpA | 257 | 8,327 | |
Banco BPM SpA | 1,200 | 6,124 | |
Brembo SpA | 474 | 5,091 | |
Carel Industries SpA (a) | 144 | 2,999 | |
GVS SpA (a)(b) | 739 | 3,300 | |
TOTAL ITALY | 25,841 | ||
Japan - 34.4% | |||
Aeon Delight Co. Ltd. | 230 | 5,071 | |
Anritsu Corp. | 441 | 3,283 | |
As One Corp. | 120 | 3,824 | |
ASKUL Corp. | 541 | 7,062 | |
Azbil Corp. | 196 | 5,792 | |
Cosmos Pharmaceutical Corp. | 51 | 5,307 | |
Daido Steel Co. Ltd. | 150 | 5,884 | |
Daiichikosho Co. Ltd. | 376 | 5,558 | |
Daiwa Securities Living Invest | 8 | 5,915 | |
Dexerials Corp. | 250 | 5,703 | |
Dowa Holdings Co. Ltd. | 182 | 5,564 | |
FP Corp. | 241 | 4,641 | |
Fujitec Co. Ltd. | 230 | 4,993 | |
Fukushima Industries Corp. | 180 | 5,959 | |
Funai Soken Holdings, Inc. | 330 | 5,424 | |
Fuyo General Lease Co. Ltd. | 110 | 8,943 | |
GMO Internet, Inc. | 180 | 2,622 | |
Haseko Corp. | 668 | 8,221 | |
Inaba Denki Sangyo Co. Ltd. | 400 | 8,341 | |
J. Front Retailing Co. Ltd. | 442 | 4,214 | |
JTOWER, Inc. (b) | 135 | 4,913 | |
Kamigumi Co. Ltd. | 398 | 8,074 | |
Kaneka Corp. | 298 | 7,293 | |
Kawasaki Heavy Industries Ltd. | 290 | 6,401 | |
Kissei Pharmaceutical Co. Ltd. | 285 | 6,028 | |
Koshidaka Holdings Co. Ltd. | 900 | 6,403 | |
Kyoritsu Maintenance Co. Ltd. | 148 | 5,660 | |
Kyoto Financial Group, Inc. | 169 | 9,581 | |
Kyushu Railway Co. | 310 | 6,338 | |
Maruwa Ceramic Co. Ltd. | 47 | 8,247 | |
Milbon Co. Ltd. | 162 | 4,283 | |
Mitsubishi Logisnext Co. Ltd. | 900 | 7,061 | |
Miura Co. Ltd. | 250 | 4,847 | |
Money Forward, Inc. (b) | 100 | 2,526 | |
Morinaga & Co. Ltd. | 222 | 8,006 | |
Nabtesco Corp. | 291 | 5,154 | |
Nagaileben Co. Ltd. | 290 | 4,002 | |
Net One Systems Co. Ltd. | 238 | 3,633 | |
Nikkiso Co. Ltd. | 978 | 6,230 | |
Nippon Gas Co. Ltd. | 413 | 6,207 | |
Okinawa Cellular Telephone Co. | 299 | 6,324 | |
PALTAC Corp. | 182 | 5,900 | |
Park24 Co. Ltd. (b) | 416 | 4,687 | |
Penta-Ocean Construction Co. Ltd. | 908 | 5,338 | |
Relo Group, Inc. | 388 | 3,847 | |
Resonac Holdings Corp. | 325 | 5,269 | |
Rinnai Corp. | 150 | 2,755 | |
Roland Corp. | 186 | 5,378 | |
Santen Pharmaceutical Co. Ltd. | 700 | 6,071 | |
Sanwa Holdings Corp. | 568 | 7,664 | |
SHIFT, Inc. (b) | 13 | 2,359 | |
SOSiLA Logistics REIT, Inc. | 5 | 3,961 | |
Stanley Electric Co. Ltd. | 358 | 5,726 | |
Sumco Corp. | 459 | 5,931 | |
Suruga Bank Ltd. | 1,988 | 8,494 | |
SWCC Showa Holdings Co. Ltd. | 300 | 4,171 | |
Tokyo Tatemono Co. Ltd. | 433 | 5,750 | |
Toyo Gosei Co. Ltd. | 100 | 4,161 | |
Toyo Suisan Kaisha Ltd. | 195 | 8,996 | |
Tsumura & Co. | 219 | 3,919 | |
Tsuruha Holdings, Inc. | 69 | 5,069 | |
Valqua Ltd. | 348 | 8,585 | |
Workman Co. Ltd. | 183 | 4,715 | |
Yokogawa Electric Corp. | 348 | 6,318 | |
Zuken, Inc. | 290 | 7,247 | |
TOTAL JAPAN | 371,843 | ||
Netherlands - 1.0% | |||
Eurocommercial Properties NV | 342 | 7,324 | |
TKH Group NV (bearer) (depositary receipt) | 100 | 3,648 | |
TOTAL NETHERLANDS | 10,972 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 1,780 | 8,086 | |
Norway - 1.5% | |||
Schibsted ASA (A Shares) | 260 | 5,195 | |
Sparebanken Midt-Norge | 500 | 6,060 | |
TGS ASA | 389 | 5,300 | |
TOTAL NORWAY | 16,555 | ||
Singapore - 2.1% | |||
CDL Hospitality Trusts unit | 7,932 | 5,608 | |
Mapletree Industrial (REIT) | 3,885 | 6,107 | |
Sembcorp Industries Ltd. | 1,893 | 6,351 | |
Wing Tai Holdings Ltd. | 4,256 | 4,234 | |
TOTAL SINGAPORE | 22,300 | ||
Spain - 2.4% | |||
Bankinter SA | 1,287 | 8,119 | |
Cie Automotive SA | 179 | 4,557 | |
Compania de Distribucion Integral Logista Holdings SA | 317 | 7,775 | |
Fluidra SA | 320 | 5,627 | |
TOTAL SPAIN | 26,078 | ||
Sweden - 5.5% | |||
AAK AB | 410 | 7,787 | |
AddTech AB (B Shares) | 391 | 5,724 | |
Arjo AB | 1,090 | 3,638 | |
Avanza Bank Holding AB | 310 | 5,221 | |
Cloetta AB | 2,481 | 3,976 | |
Granges AB | 500 | 4,806 | |
Hemnet Group AB | 338 | 5,865 | |
HEXPOL AB (B Shares) | 715 | 6,322 | |
Loomis AB (B Shares) | 210 | 5,445 | |
Munters Group AB (a) | 905 | 11,011 | |
TOTAL SWEDEN | 59,795 | ||
Switzerland - 3.6% | |||
Bucher Industries AG | 16 | 5,688 | |
Lastminute.com NV (b) | 155 | 3,919 | |
OC Oerlikon Corp. AG (Reg.) | 793 | 3,149 | |
PSP Swiss Property AG | 57 | 6,999 | |
Sensirion Holding AG (a)(b) | 45 | 3,364 | |
Tecan Group AG | 18 | 5,153 | |
VZ Holding AG | 109 | 10,689 | |
TOTAL SWITZERLAND | 38,961 | ||
United Kingdom - 14.2% | |||
B&M European Value Retail SA | 1,466 | 9,422 | |
Britvic PLC | 699 | 7,120 | |
Close Brothers Group PLC | 531 | 5,144 | |
DCC PLC (United Kingdom) | 110 | 6,103 | |
Grainger Trust PLC | 2,272 | 6,280 | |
Harbour Energy PLC | 1,109 | 3,421 | |
Hill & Smith Holdings PLC | 342 | 6,850 | |
Inchcape PLC | 773 | 6,257 | |
Indivior PLC (b) | 240 | 4,594 | |
J.D. Wetherspoon PLC (b) | 707 | 5,431 | |
Jet2 PLC | 516 | 6,284 | |
John Wood Group PLC (b) | 2,800 | 4,829 | |
Lancashire Holdings Ltd. | 1,522 | 10,508 | |
Mitie Group PLC | 7,896 | 9,453 | |
Pets At Home Group PLC | 1,177 | 4,017 | |
Renewi PLC (b) | 532 | 3,796 | |
Sabre Insurance Group PLC (a) | 5,571 | 9,954 | |
Savills PLC | 600 | 5,743 | |
Senior Engineering Group PLC | 3,931 | 7,473 | |
Spectris PLC | 189 | 7,121 | |
Synthomer PLC (b) | 125 | 288 | |
Tate & Lyle PLC | 651 | 4,989 | |
Unite Group PLC | 623 | 6,577 | |
Vistry Group PLC | 764 | 6,565 | |
WH Smith PLC | 401 | 5,654 | |
TOTAL UNITED KINGDOM | 153,873 | ||
TOTAL COMMON STOCKS (Cost $1,023,787) | 1,043,304 | ||
Nonconvertible Preferred Stocks - 0.5% | |||
Shares | Value ($) | ||
Germany - 0.5% | |||
Jungheinrich AG (Cost $5,082) | 201 | 5,389 | |
TOTAL INVESTMENT IN SECURITIES - 97.1% (Cost $1,028,869) | 1,048,693 |
NET OTHER ASSETS (LIABILITIES) - 2.9% | 31,704 |
NET ASSETS - 100.0% | 1,080,397 |
(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 $36,254 or 3.4% of net assets. |
(b) | Non-income producing |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | - | 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 | 58,660 | 33,704 | 24,956 | - |
Consumer Discretionary | 151,661 | 74,398 | 77,263 | - |
Consumer Staples | 72,827 | 34,956 | 37,871 | - |
Energy | 30,534 | 24,605 | 5,929 | - |
Financials | 124,329 | 81,807 | 42,522 | - |
Health Care | 62,074 | 34,582 | 27,492 | - |
Industrials | 243,750 | 129,783 | 113,967 | - |
Information Technology | 106,496 | 46,730 | 59,766 | - |
Materials | 90,143 | 37,801 | 52,342 | - |
Real Estate | 87,575 | 39,879 | 47,696 | - |
Utilities | 20,644 | - | 20,644 | - |
Total Investments in Securities: | 1,048,693 | 538,245 | 510,448 | - |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $1,028,869): | $ | 1,048,693 | ||
Cash | 27,511 | |||
Foreign currency held at value (cost $1,303) | 1,304 | |||
Dividends receivable | 3,199 | |||
Receivable from investment adviser for expense reductions | 127 | |||
Total assets | 1,080,834 | |||
Liabilities | ||||
Custody fee payable | $ | 437 | ||
Total Liabilities | 437 | |||
Net Assets | $ | 1,080,397 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,003,394 | ||
Total accumulated earnings (loss) | 77,003 | |||
Net Assets | $ | 1,080,397 | ||
Net Asset Value, offering price and redemption price per share ($1,080,397 ÷ 100,311 shares) | $ | 10.77 |
Statement of Operations | ||||
For the period November 4, 2022 (commencement of operations) through October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 33,920 | ||
Income from Fidelity Central Funds | 423 | |||
Income before foreign taxes withheld | $ | 34,343 | ||
Less foreign taxes withheld | (3,533) | |||
Total Income | 30,810 | |||
Expenses | ||||
Custodian fees and expenses | $ | 2,647 | ||
Independent trustees' fees and expenses | 5 | |||
Total expenses before reductions | 2,652 | |||
Expense reductions | (2,498) | |||
Total expenses after reductions | 154 | |||
Net Investment income (loss) | 30,656 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 25,902 | |||
Foreign currency transactions | 4,060 | |||
Total net realized gain (loss) | 29,962 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 19,824 | |||
Assets and liabilities in foreign currencies | (45) | |||
Total change in net unrealized appreciation (depreciation) | 19,779 | |||
Net gain (loss) | 49,741 | |||
Net increase (decrease) in net assets resulting from operations | $ | 80,397 |
Statement of Changes in Net Assets | ||
For the period November 4, 2022 (commencement of operations) through October 31, 2023 | ||
Increase (Decrease) in Net Assets | ||
Operations | ||
Net investment income (loss) | $ | 30,656 |
Net realized gain (loss) | 29,962 | |
Change in net unrealized appreciation (depreciation) | 19,779 | |
Net increase (decrease) in net assets resulting from operations | 80,397 | |
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 | 1,080,397 | |
Net Assets | ||
Beginning of period | - | |
End of period | $ | 1,080,397 |
Other Information | ||
Shares | ||
Sold | 100,000 | |
Issued in reinvestment of distributions | 311 | |
Net increase (decrease) | 100,311 | |
Fidelity Series Select International Small Cap Fund |
Years ended October 31, | 2023 A | |
Selected Per-Share Data | ||
Net asset value, beginning of period | $ | 10.00 |
Income from Investment Operations | ||
Net investment income (loss) B,C | .31 | |
Net realized and unrealized gain (loss) | .49 | |
Total from investment operations | .80 | |
Distributions from net investment income | (.03) | |
Total distributions | (.03) | |
Net asset value, end of period | $ | 10.77 |
Total Return D,E | 8.03% | |
Ratios to Average Net Assets C,F,G | ||
Expenses before reductions | .23% H | |
Expenses net of fee waivers, if any | .01% H | |
Expenses net of all reductions | .01% H | |
Net investment income (loss) | 2.69% H | |
Supplemental Data | ||
Net assets, end of period (000 omitted) | $ | 1,080 |
Portfolio turnover rate I | 23% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $98,561 |
Gross unrealized depreciation | (85,750) |
Net unrealized appreciation (depreciation) | $12,811 |
Tax Cost | $1,035,882 |
Undistributed ordinary income | $64,237 |
Net unrealized appreciation (depreciation) on securities and other investments | $12,766 |
October 31, 2023A | |
Ordinary Income | $3,400 |
Total | $3,400 |
Purchases ($) | Sales ($) | |
Fidelity Series Select International Small Cap Fund | 1,259,216 | 255,634 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Select International Small Cap Fund | - | 611 | 155 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity Series Select International Small Cap Fund | .01% | |||||||||
Actual | $ 1,000 | $ 902.00 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Diversified International Fund | 12.15% | 5.37% | 3.95% |
Class K | 12.29% | 5.49% | 4.08% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Diversified International Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.8 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.5 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.5 | |
HDFC Bank Ltd. (India, Banks) | 2.2 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.0 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 1.9 | |
Linde PLC (United States of America, Chemicals) | 1.9 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.8 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 1.8 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 1.5 | |
20.9 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 24.0 | |
Industrials | 19.5 | |
Information Technology | 14.1 | |
Health Care | 9.7 | |
Consumer Discretionary | 8.8 | |
Materials | 7.7 | |
Energy | 5.7 | |
Consumer Staples | 5.6 | |
Real Estate | 0.4 | |
Communication Services | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.4% | |||
Shares | Value ($) | ||
Australia - 1.4% | |||
Aristocrat Leisure Ltd. | 1,189,197 | 29,230,591 | |
Flutter Entertainment PLC (a) | 203,217 | 31,875,363 | |
Glencore PLC | 10,251,963 | 54,302,915 | |
TOTAL AUSTRALIA | 115,408,869 | ||
Belgium - 0.6% | |||
KBC Group NV | 894,510 | 49,122,365 | |
Canada - 7.1% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,408,585 | 76,678,624 | |
Cameco Corp. | 802,845 | 32,843,264 | |
Canadian Natural Resources Ltd. (b) | 1,674,571 | 106,336,919 | |
Canadian Pacific Kansas City Ltd. (b) | 605,223 | 42,952,676 | |
Constellation Software, Inc. | 46,070 | 92,356,272 | |
Constellation Software, Inc. warrants 8/22/28 (a)(c) | 50,923 | 4 | |
Franco-Nevada Corp. | 380,112 | 46,241,135 | |
GFL Environmental, Inc. | 1,745,818 | 50,314,475 | |
Imperial Oil Ltd. | 786,606 | 44,828,175 | |
Ivanhoe Mines Ltd. (a) | 3,385,466 | 24,950,036 | |
Lumine Group, Inc. | 151,931 | 1,910,710 | |
MEG Energy Corp. (a) | 1,472,598 | 29,096,222 | |
Thomson Reuters Corp. | 293,389 | 35,143,210 | |
Tourmaline Oil Corp. (b) | 392,954 | 20,779,028 | |
TOTAL CANADA | 604,430,750 | ||
China - 1.0% | |||
Anta Sports Products Ltd. | 776,646 | 8,783,471 | |
Chervon Holdings Ltd. | 2,991,956 | 7,369,336 | |
Li Ning Co. Ltd. | 3,118,301 | 9,555,734 | |
NXP Semiconductors NV | 343,303 | 59,195,736 | |
TOTAL CHINA | 84,904,277 | ||
Denmark - 3.7% | |||
Carlsberg A/S Series B | 276,136 | 32,908,015 | |
DSV A/S | 444,758 | 66,331,443 | |
Novo Nordisk A/S Series B | 2,251,407 | 217,207,273 | |
TOTAL DENMARK | 316,446,731 | ||
France - 10.2% | |||
Air Liquide SA | 467,909 | 80,177,261 | |
Airbus Group NV | 497,909 | 66,757,754 | |
AXA SA | 1,998,418 | 59,213,975 | |
BNP Paribas SA | 1,392,250 | 80,059,979 | |
Capgemini SA | 504,484 | 89,156,847 | |
Edenred SA | 371,140 | 19,729,410 | |
EssilorLuxottica SA | 480,685 | 86,789,688 | |
Legrand SA | 516,274 | 44,660,996 | |
LVMH Moet Hennessy Louis Vuitton SE | 293,745 | 210,301,025 | |
Pernod Ricard SA | 529,463 | 93,837,654 | |
Sartorius Stedim Biotech | 18,904 | 3,531,410 | |
Thales SA | 171,329 | 25,225,559 | |
Worldline SA (a)(d) | 331,500 | 4,202,107 | |
TOTAL FRANCE | 863,643,665 | ||
Germany - 6.2% | |||
Allianz SE | 526,893 | 123,420,757 | |
Bayer AG | 396,367 | 17,126,449 | |
Deutsche Borse AG | 316,419 | 52,081,448 | |
DHL Group | 1,822,422 | 70,884,481 | |
Hannover Reuck SE | 266,743 | 58,790,752 | |
Infineon Technologies AG | 1,202,735 | 35,132,154 | |
Merck KGaA | 478,520 | 72,074,938 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 157,530 | 63,089,323 | |
SAP SE | 65,000 | 8,718,602 | |
Siemens Healthineers AG (d) | 531,949 | 26,071,454 | |
TOTAL GERMANY | 527,390,358 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 3,855,600 | 11,382,113 | |
Hong Kong - 1.4% | |||
AIA Group Ltd. | 13,953,466 | 121,169,221 | |
India - 3.6% | |||
Axis Bank Ltd. | 2,650,700 | 31,268,471 | |
Fairfax India Holdings Corp. (a)(d) | 1,270,594 | 15,488,541 | |
HDFC Bank Ltd. | 10,321,904 | 183,102,995 | |
HDFC Standard Life Insurance Co. Ltd. (d) | 1,147,600 | 8,522,610 | |
Reliance Industries Ltd. | 2,304,046 | 63,337,342 | |
TOTAL INDIA | 301,719,959 | ||
Indonesia - 1.1% | |||
PT Bank Central Asia Tbk | 80,395,083 | 44,291,312 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 141,278,911 | 44,175,640 | |
TOTAL INDONESIA | 88,466,952 | ||
Ireland - 0.9% | |||
Kingspan Group PLC (Ireland) | 604,844 | 40,626,275 | |
Ryanair Holdings PLC sponsored ADR (a) | 232,393 | 20,380,866 | |
Smurfit Kappa Group PLC | 495,095 | 16,103,457 | |
TOTAL IRELAND | 77,110,598 | ||
Israel - 0.4% | |||
NICE Ltd. sponsored ADR (a) | 196,357 | 30,307,703 | |
Italy - 1.4% | |||
FinecoBank SpA | 3,473,036 | 40,845,617 | |
UniCredit SpA | 3,156,367 | 79,128,907 | |
TOTAL ITALY | 119,974,524 | ||
Japan - 16.4% | |||
Bandai Namco Holdings, Inc. | 984,253 | 20,392,262 | |
BayCurrent Consulting, Inc. | 584,360 | 14,671,383 | |
CUC, Inc. (a)(b) | 48,094 | 824,715 | |
Daikin Industries Ltd. | 107,935 | 15,561,954 | |
Fast Retailing Co. Ltd. | 38,885 | 8,608,999 | |
FUJIFILM Holdings Corp. | 1,086,630 | 59,436,275 | |
Fujitsu Ltd. | 186,136 | 24,113,463 | |
Hitachi Ltd. | 2,498,662 | 158,381,758 | |
Hoya Corp. | 1,052,389 | 101,312,037 | |
Itochu Corp. | 2,423,246 | 87,287,821 | |
Keyence Corp. | 229,387 | 88,800,001 | |
Marui Group Co. Ltd. | 275,648 | 4,358,860 | |
Minebea Mitsumi, Inc. | 3,800,891 | 59,595,322 | |
Misumi Group, Inc. | 1,640,057 | 24,828,271 | |
Nomura Research Institute Ltd. | 1,024,029 | 26,880,715 | |
NSD Co. Ltd. | 153,855 | 2,676,906 | |
ORIX Corp. | 3,308,171 | 60,163,561 | |
Persol Holdings Co. Ltd. | 21,148,518 | 31,710,425 | |
Relo Group, Inc. | 1,684,349 | 16,698,776 | |
Renesas Electronics Corp. (a) | 886,709 | 11,647,473 | |
Resona Holdings, Inc. | 1,782,984 | 9,527,058 | |
Seven & i Holdings Co. Ltd. | 686,797 | 25,163,356 | |
Shin-Etsu Chemical Co. Ltd. | 4,335,768 | 129,654,112 | |
SMC Corp. | 150,055 | 69,289,867 | |
SMS Co., Ltd. | 266,162 | 4,223,435 | |
Sony Group Corp. | 1,333,568 | 110,871,358 | |
Sumitomo Mitsui Financial Group, Inc. | 1,941,883 | 93,614,255 | |
Suzuki Motor Corp. | 622,445 | 24,158,343 | |
TechnoPro Holdings, Inc. | 811,675 | 16,079,972 | |
TIS, Inc. | 932,437 | 19,968,001 | |
Tokyo Electron Ltd. | 532,854 | 70,410,098 | |
TOTAL JAPAN | 1,390,910,832 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 1,407,970 | 69,977,648 | |
Netherlands - 6.4% | |||
Argenx SE (a) | 99,051 | 46,591,768 | |
ASML Holding NV (depository receipt) (b) | 401,676 | 240,527,608 | |
BE Semiconductor Industries NV | 216,432 | 22,282,352 | |
IMCD NV | 489,012 | 58,727,578 | |
Shell PLC (London) | 1,609,718 | 51,876,145 | |
Wolters Kluwer NV | 970,503 | 124,356,285 | |
TOTAL NETHERLANDS | 544,361,736 | ||
Norway - 0.5% | |||
Equinor ASA | 1,301,341 | 43,625,136 | |
Spain - 1.7% | |||
Banco Santander SA (Spain) | 10,859,263 | 39,824,985 | |
CaixaBank SA | 13,419,402 | 54,557,131 | |
Industria de Diseno Textil SA (b) | 1,331,829 | 45,869,729 | |
TOTAL SPAIN | 140,251,845 | ||
Sweden - 2.0% | |||
Autoliv, Inc. | 228,947 | 20,982,993 | |
Indutrade AB | 3,946,998 | 69,711,457 | |
Investor AB (B Shares) | 4,433,019 | 81,174,750 | |
Kry International AB (a)(c)(e) | 2,651 | 97,306 | |
TOTAL SWEDEN | 171,966,506 | ||
Switzerland - 2.0% | |||
Compagnie Financiere Richemont SA Series A | 239,726 | 28,281,799 | |
Partners Group Holding AG | 26,131 | 27,485,451 | |
Sika AG | �� | 257,244 | 61,338,123 |
UBS Group AG | 711,213 | 16,590,930 | |
Zurich Insurance Group Ltd. | 77,611 | 36,738,632 | |
TOTAL SWITZERLAND | 170,434,935 | ||
Taiwan - 1.3% | |||
ECLAT Textile Co. Ltd. | 654,000 | 10,401,206 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,126,991 | 97,270,593 | |
TOTAL TAIWAN | 107,671,799 | ||
United Kingdom - 13.7% | |||
3i Group PLC | 1,139,016 | 26,855,252 | |
AstraZeneca PLC (United Kingdom) | 1,333,812 | 166,998,267 | |
B&M European Value Retail SA | 11,532,716 | 74,124,221 | |
BAE Systems PLC | 8,301,323 | 111,622,760 | |
Beazley PLC | 3,797,748 | 23,749,180 | |
Big Yellow Group PLC | 1,698,559 | 19,716,104 | |
Cab Payments Holdings Ltd. | 2,479,972 | 1,844,741 | |
Compass Group PLC | 2,571,956 | 64,842,576 | |
Diageo PLC | 2,370,360 | 89,637,593 | |
Games Workshop Group PLC | 159,998 | 19,203,870 | |
Hiscox Ltd. | 3,723,289 | 42,448,924 | |
JD Sports Fashion PLC | 10,113,784 | 15,673,318 | |
London Stock Exchange Group PLC | 874,289 | 88,211,472 | |
RELX PLC (Euronext N.V.) | 4,373,611 | 152,298,192 | |
Rentokil Initial PLC | 10,714,773 | 54,564,882 | |
RS GROUP PLC | 2,507,848 | 20,642,166 | |
Sage Group PLC | 4,291,512 | 50,627,644 | |
Smith & Nephew PLC | 3,777,650 | 42,276,187 | |
Standard Chartered PLC (United Kingdom) | 4,282,179 | 32,790,079 | |
Starling Bank Ltd. Series D (a)(c)(e) | 8,636,400 | 30,861,510 | |
WPP PLC | 3,597,184 | 30,976,183 | |
TOTAL UNITED KINGDOM | 1,159,965,121 | ||
United States of America - 11.2% | |||
Aon PLC | 121,327 | 37,538,574 | |
CRH PLC | 943,846 | 50,717,607 | |
Experian PLC | 1,224,197 | 37,064,841 | |
Ferguson PLC | 589,001 | 88,270,626 | |
ICON PLC (a) | 180,332 | 43,993,795 | |
Linde PLC | 411,417 | 157,227,121 | |
Marsh & McLennan Companies, Inc. | 471,835 | 89,483,508 | |
Marvell Technology, Inc. | 1,150,220 | 54,313,388 | |
MasterCard, Inc. Class A | 166,283 | 62,580,607 | |
Nestle SA (Reg. S) | 1,384,335 | 149,284,998 | |
S&P Global, Inc. | 203,808 | 71,192,172 | |
Sanofi SA | 83,045 | 7,541,003 | |
Schlumberger Ltd. | 1,760,431 | 97,985,589 | |
TOTAL UNITED STATES OF AMERICA | 947,193,829 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 2,024,871 | 23,464,703 | |
TOTAL COMMON STOCKS (Cost $6,020,585,957) | 8,081,302,175 | ||
Preferred Stocks - 0.5% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.5% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(c)(e) | 79,275 | 9,362,784 | |
United States of America - 0.4% | |||
Wasabi Holdings, Inc. Series C (a)(c)(e) | 2,976,172 | 34,077,169 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 43,439,953 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(e) | 15,316 | 562,181 | |
TOTAL PREFERRED STOCKS (Cost $59,932,348) | 44,002,134 | ||
Money Market Funds - 6.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 345,612,227 | 345,681,349 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 221,650,814 | 221,672,979 | |
TOTAL MONEY MARKET FUNDS (Cost $567,353,371) | 567,354,328 | ||
TOTAL INVESTMENT IN SECURITIES - 102.6% (Cost $6,647,871,676) | 8,692,658,637 |
NET OTHER ASSETS (LIABILITIES) - (2.6)% �� | (222,409,326) |
NET ASSETS - 100.0% | 8,470,249,311 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(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 $54,284,712 or 0.6% 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 $74,960,950 or 0.9% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 378,167,562 | 1,123,710,015 | 1,156,196,228 | 14,349,457 | - | - | 345,681,349 | 0.8% |
Fidelity Securities Lending Cash Central Fund 5.40% | 172,610,171 | 1,623,124,259 | 1,574,061,451 | 1,021,302 | - | - | 221,672,979 | 0.9% |
Total | 550,777,733 | 2,746,834,274 | 2,730,257,679 | 15,370,759 | - | - | 567,354,328 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 30,976,183 | - | 30,976,183 | - |
Consumer Discretionary | 740,526,194 | 207,729,494 | 532,796,700 | - |
Consumer Staples | 467,510,240 | 170,516,278 | 296,993,962 | - |
Energy | 490,707,820 | 331,869,197 | 158,838,623 | - |
Financials | 2,020,677,175 | 826,092,761 | 1,163,722,904 | 30,861,510 |
Health Care | 832,338,984 | 232,461,285 | 599,877,699 | - |
Industrials | 1,662,166,730 | 902,930,130 | 759,236,600 | - |
Information Technology | 1,199,809,633 | 648,792,006 | 506,918,183 | 44,099,444 |
Materials | 644,176,470 | 380,042,182 | 264,134,288 | - |
Real Estate | 36,414,880 | 19,716,104 | 16,698,776 | - |
Money Market Funds | 567,354,328 | 567,354,328 | - | - |
Total Investments in Securities: | 8,692,658,637 | 4,287,503,765 | 4,330,193,918 | 74,960,954 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $212,294,420) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,080,518,305) | $ | 8,125,304,309 | ||
Fidelity Central Funds (cost $567,353,371) | 567,354,328 | |||
Total Investment in Securities (cost $6,647,871,676) | $ | 8,692,658,637 | ||
Foreign currency held at value (cost $6,259,242) | 6,224,276 | |||
Receivable for investments sold | 21,732,583 | |||
Receivable for fund shares sold | 4,340,272 | |||
Dividends receivable | 16,528,263 | |||
Reclaims receivable | 32,362,582 | |||
Distributions receivable from Fidelity Central Funds | 1,382,493 | |||
Prepaid expenses | 13,356 | |||
Other receivables | 1,446,540 | |||
Total assets | 8,776,689,002 | |||
Liabilities | ||||
Payable for investments purchased | $ | 9,188,184 | ||
Payable for fund shares redeemed | 58,943,232 | |||
Accrued management fee | 2,735,794 | |||
Other affiliated payables | 1,190,379 | |||
Other payables and accrued expenses | 12,709,123 | |||
Collateral on securities loaned | 221,672,979 | |||
Total Liabilities | 306,439,691 | |||
Net Assets | $ | 8,470,249,311 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,132,643,899 | ||
Total accumulated earnings (loss) | 2,337,605,412 | |||
Net Assets | $ | 8,470,249,311 | ||
Net Asset Value and Maximum Offering Price | ||||
Diversified International : | ||||
Net Asset Value, offering price and redemption price per share ($7,407,098,489 ÷ 196,837,314 shares) | $ | 37.63 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($1,063,150,822 ÷ 28,294,923 shares) | $ | 37.57 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 201,773,151 | ||
Income from Fidelity Central Funds (including $1,021,302 from security lending) | 15,370,759 | |||
Income before foreign taxes withheld | $ | 217,143,910 | ||
Less foreign taxes withheld | (20,267,828) | |||
Total Income | 196,876,082 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 60,921,458 | ||
Performance adjustment | (16,733,518) | |||
Transfer agent fees | 12,883,023 | |||
Accounting fees | 1,675,465 | |||
Custodian fees and expenses | 689,416 | |||
Independent trustees' fees and expenses | 54,672 | |||
Registration fees | 91,740 | |||
Audit | 147,081 | |||
Legal | 9,397 | |||
Miscellaneous | 45,289 | |||
Total expenses before reductions | 59,784,023 | |||
Expense reductions | (570,294) | |||
Total expenses after reductions | 59,213,729 | |||
Net Investment income (loss) | 137,662,353 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $3,642,253) | 287,423,473 | |||
Redemptions in-kind | 127,948,104 | |||
Foreign currency transactions | (1,221,539) | |||
Total net realized gain (loss) | 414,150,038 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $4,528,945) | 525,555,117 | |||
Assets and liabilities in foreign currencies | 2,405,657 | |||
Total change in net unrealized appreciation (depreciation) | 527,960,774 | |||
Net gain (loss) | 942,110,812 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,079,773,165 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 137,662,353 | $ | 92,319,482 |
Net realized gain (loss) | 414,150,038 | 665,262,947 | ||
Change in net unrealized appreciation (depreciation) | 527,960,774 | (4,726,389,174) | ||
Net increase (decrease) in net assets resulting from operations | 1,079,773,165 | (3,968,806,745) | ||
Distributions to shareholders | (123,021,576) | (1,395,065,915) | ||
Share transactions - net increase (decrease) | (1,113,876,746) | (845,248,874) | ||
Total increase (decrease) in net assets | (157,125,157) | (6,209,121,534) | ||
Net Assets | ||||
Beginning of period | 8,627,374,468 | 14,836,496,002 | ||
End of period | $ | 8,470,249,311 | $ | 8,627,374,468 |
Fidelity® Diversified International Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 33.99 | $ | 53.38 | $ | 41.61 | $ | 38.67 | $ | 35.72 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .57 | .33 | .16 | .10 | .50 | |||||
Net realized and unrealized gain (loss) | 3.56 | (14.58) | 12.07 | 3.37 | 4.77 | |||||
Total from investment operations | 4.13 | (14.25) | 12.23 | 3.47 | 5.27 | |||||
Distributions from net investment income | (.14) | (.57) | (.02) | (.53) | (.43) | |||||
Distributions from net realized gain | (.35) | (4.57) | (.45) | - | (1.89) | |||||
Total distributions | (.49) | (5.14) | (.46) C | (.53) | (2.32) | |||||
Net asset value, end of period | $ | 37.63 | $ | 33.99 | $ | 53.38 | $ | 41.61 | $ | 38.67 |
Total Return D | 12.15% | (29.36)% | 29.58% | 9.07% | 16.02% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .65% | .99% | 1.01% | 1.05% | .75% | |||||
Expenses net of fee waivers, if any | .65% | .99% | 1.01% | 1.05% | .75% | |||||
Expenses net of all reductions | .65% | .99% | 1.01% | 1.04% | .75% | |||||
Net investment income (loss) | 1.45% | .80% | .32% | .26% | 1.42% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 7,407,098 | $ | 7,230,515 | $ | 11,529,722 | $ | 9,419,192 | $ | 8,734,682 |
Portfolio turnover rate G,H | 22% | 20% | 29% | 29% | 37% |
Fidelity® Diversified International Fund Class K |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 33.94 | $ | 53.32 | $ | 41.56 | $ | 38.61 | $ | 35.68 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .61 | .38 | .21 | .15 | .55 | |||||
Net realized and unrealized gain (loss) | 3.56 | (14.58) | 12.06 | 3.37 | 4.74 | |||||
Total from investment operations | 4.17 | (14.20) | 12.27 | 3.52 | 5.29 | |||||
Distributions from net investment income | (.19) | (.62) | (.06) | (.57) | (.47) | |||||
Distributions from net realized gain | (.35) | (4.57) | (.45) | - | (1.89) | |||||
Total distributions | (.54) | (5.18) C | (.51) | (.57) | (2.36) | |||||
Net asset value, end of period | $ | 37.57 | $ | 33.94 | $ | 53.32 | $ | 41.56 | $ | 38.61 |
Total Return D | 12.29% | (29.31)% | 29.71% | 9.22% | 16.14% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .54% | .88% | .91% | .94% | .63% | |||||
Expenses net of fee waivers, if any | .54% | .88% | .91% | .94% | .63% | |||||
Expenses net of all reductions | .54% | .88% | .91% | .93% | .63% | |||||
Net investment income (loss) | 1.56% | .91% | .42% | .38% | 1.54% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,063,151 | $ | 1,396,859 | $ | 3,306,774 | $ | 3,761,267 | $ | 4,246,651 |
Portfolio turnover rate G,H | 22% | 20% | 29% | 29% | 37% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Fidelity Diversified International Fund | $1,190,235 |
Gross unrealized appreciation | $2,388,380,898 |
Gross unrealized depreciation | (426,032,052) |
Net unrealized appreciation (depreciation) | $1,962,348,846 |
Tax Cost | $6,730,309,791 |
Undistributed ordinary income | $149,050,159 |
Undistributed long-term capital gain | $239,619,867 |
Net unrealized appreciation (depreciation) on securities and other investments | $1,960,855,851 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $36,550,051 | $ 156,793,723 |
Long-term Capital Gains | 86,471,525 | 1,238,272,192 |
Total | $123,021,576 | $ 1,395,065,915 |
Purchases ($) | Sales ($) | |
Fidelity Diversified International Fund | 1,959,691,879 | 2,671,442,980 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | Participating classes | |
Fidelity Diversified International Fund | 9,154,362 | 127,948,104 | 353,583,024 | 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 | |
Diversified International | $ 12,288,952 | .15 |
Class K | 594,071 | .04 |
$ 12,883,023 |
% of Class-Level Average Net Assets | |
Fidelity Diversified International Fund | 0.1519% |
% of Average Net Assets | |
Fidelity Diversified International Fund | .02 |
% of Average Net Assets | |
Fidelity Diversified International Fund | 0.0173% |
Amount | |
Fidelity Diversified International Fund | $ 2,386 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Diversified International Fund | 37,949,420 | 105,784,317 | 19,141,388 |
Amount | |
Fidelity Diversified International Fund | $17,026 |
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 | $110,034 | $- | $- |
Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Diversified International Fund | ||
Distributions to shareholders | ||
Diversified International | $ 101,421,493 | $1,090,192,506 |
Class K | 21,600,083 | 304,873,409 |
Total | $ 123,021,576 | $1,395,065,915 |
Shares | Shares | Dollars | Dollars | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Diversified International Fund | ||||
Diversified International | ||||
Shares sold | 9,925,175 | 48,845,163 | $388,397,522 | $1,865,951,127 |
Reinvestment of distributions | 2,350,798 | 20,838,853 | 87,708,207 | 979,217,736 |
Shares redeemed | (28,189,272) | (72,908,948) | (1,089,796,435) | (2,840,874,254) |
Net increase (decrease) | (15,913,299) | (3,224,932) | $(613,690,706) | $4,294,609 |
Class K | ||||
Shares sold | 5,103,356 | 7,508,397 | $201,187,282 | $323,341,358 |
Reinvestment of distributions | 580,051 | 6,500,350 | 21,589,508 | 304,736,401 |
Shares redeemed | (18,542,037) | (34,873,914) | (722,962,830) | (1,477,621,242) |
Net increase (decrease) | (12,858,630) | (20,865,167) | $(500,186,040) | $(849,543,483) |
Strategic Advisers Fidelity International Fund | |
Fidelity Diversified International Fund | 19% |
Fund | % of shares held |
Fidelity Diversified International Fund | 25% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® International Capital Appreciation Fund | 15.89% | 7.21% | 6.29% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® International Capital Appreciation Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.2 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.0 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.7 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.3 | |
L'Oreal SA (France, Personal Care Products) | 2.0 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 1.9 | |
Dassault Systemes SA (France, Software) | 1.8 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 1.8 | |
Air Liquide SA (France, Chemicals) | 1.8 | |
22.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 22.9 | |
Industrials | 21.8 | |
Financials | 18.2 | |
Consumer Discretionary | 13.8 | |
Health Care | 8.1 | |
Materials | 7.8 | |
Consumer Staples | 5.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.9% | |||
Shares | Value ($) | ||
Brazil - 1.4% | |||
MercadoLibre, Inc. (a) | 48,228 | 59,838,409 | |
Canada - 10.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,357,290 | 73,886,297 | |
Brookfield Asset Management Ltd. Class A (b) | 1,843,417 | 52,850,765 | |
Canadian National Railway Co. | 586,762 | 62,084,434 | |
Canadian Pacific Kansas City Ltd. | 933,592 | 66,285,537 | |
CGI, Inc. Class A (sub. vtg.) (a) | 557,228 | 53,796,059 | |
Constellation Software, Inc. | 36,392 | 72,954,840 | |
Constellation Software, Inc. warrants 8/22/28 (a)(c) | 38,399 | 3 | |
Thomson Reuters Corp. | 521,364 | 62,450,892 | |
TOTAL CANADA | 444,308,827 | ||
China - 1.6% | |||
PDD Holdings, Inc. ADR (a) | 664,604 | 67,404,138 | |
Denmark - 4.5% | |||
DSV A/S | 437,715 | 65,281,046 | |
Novo Nordisk A/S Series B | 1,282,051 | 123,687,455 | |
TOTAL DENMARK | 188,968,501 | ||
France - 12.9% | |||
Air Liquide SA | 434,455 | 74,444,843 | |
Capgemini SA | 372,710 | 65,868,587 | |
Dassault Systemes SA | 1,845,785 | 76,034,104 | |
Hermes International SCA | 38,106 | 70,946,999 | |
L'Oreal SA | 194,414 | 81,718,176 | |
LVMH Moet Hennessy Louis Vuitton SE | 141,950 | 101,626,345 | |
Safran SA | 421,129 | 65,788,581 | |
TOTAL FRANCE | 536,427,635 | ||
Germany - 2.3% | |||
Infineon Technologies AG | 2,101,868 | 61,396,028 | |
SAP SE | 256,700 | 34,431,770 | |
TOTAL GERMANY | 95,827,798 | ||
India - 9.7% | |||
Axis Bank Ltd. | 5,099,761 | 60,158,346 | |
HCL Technologies Ltd. | 4,636,090 | 71,089,206 | |
HDFC Bank Ltd. | 4,005,072 | 71,047,035 | |
ICICI Bank Ltd. | 6,522,067 | 71,733,170 | |
ITC Ltd. | 11,720,634 | 60,314,509 | |
Larsen & Toubro Ltd. | 1,911,402 | 67,243,975 | |
TOTAL INDIA | 401,586,241 | ||
Indonesia - 1.5% | |||
PT Bank Central Asia Tbk | 115,323,884 | 63,534,310 | |
Ireland - 1.5% | |||
Kingspan Group PLC (Ireland) | 921,677 | 61,907,374 | |
Italy - 1.7% | |||
Ferrari NV (Italy) | 228,600 | 69,057,214 | |
Japan - 6.3% | |||
Hoya Corp. | 494,618 | 47,616,193 | |
Keyence Corp. | 194,762 | 75,396,015 | |
Shin-Etsu Chemical Co. Ltd. | 2,224,286 | 66,513,666 | |
Tokyo Electron Ltd. | 556,477 | 73,531,587 | |
TOTAL JAPAN | 263,057,461 | ||
Netherlands - 6.0% | |||
ASM International NV (Netherlands) | 161,306 | 66,308,356 | |
ASML Holding NV (Netherlands) | 184,742 | 111,052,187 | |
Wolters Kluwer NV | 568,329 | 72,823,353 | |
TOTAL NETHERLANDS | 250,183,896 | ||
Sweden - 1.6% | |||
Atlas Copco AB (A Shares) | 5,028,172 | 65,109,908 | |
Switzerland - 5.0% | |||
Compagnie Financiere Richemont SA Series A | 609,054 | 71,853,460 | |
Sika AG | 260,477 | 62,109,010 | |
UBS Group AG | 3,077,601 | 71,793,210 | |
TOTAL SWITZERLAND | 205,755,680 | ||
Taiwan - 3.2% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 8,036,949 | 131,162,522 | |
United Kingdom - 10.1% | |||
Ashtead Group PLC | 1,030,566 | 58,922,372 | |
AstraZeneca PLC (United Kingdom) | 754,541 | 94,471,364 | |
BAE Systems PLC | 3,619,154 | 48,664,527 | |
Compass Group PLC | 2,945,117 | 74,250,482 | |
London Stock Exchange Group PLC | 630,096 | 63,573,596 | |
RELX PLC (London Stock Exchange) | 2,283,162 | 79,745,633 | |
TOTAL UNITED KINGDOM | 419,627,974 | ||
United States of America - 17.9% | |||
Aon PLC | 20,564 | 6,362,502 | |
AutoZone, Inc. (a) | 23,885 | 59,166,250 | |
Linde PLC | 180,297 | 68,902,302 | |
Marsh & McLennan Companies, Inc. | 321,820 | 61,033,163 | |
Martin Marietta Materials, Inc. | 125,232 | 51,212,374 | |
MasterCard, Inc. Class A | 146,900 | 55,285,815 | |
Moody's Corp. | 202,892 | 62,490,736 | |
NVIDIA Corp. | 140,244 | 57,191,503 | |
S&P Global, Inc. | 169,404 | 59,174,511 | |
Schneider Electric SA | 475,402 | 73,144,055 | |
UnitedHealth Group, Inc. | 133,101 | 71,283,572 | |
Visa, Inc. Class A | 248,743 | 58,479,479 | |
Waste Connections, Inc. (Canada) | 458,899 | 59,419,437 | |
TOTAL UNITED STATES OF AMERICA | 743,145,699 | ||
TOTAL COMMON STOCKS (Cost $3,280,844,393) | 4,066,903,587 | ||
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) | 69,937,147 | 69,951,135 | |
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) | 12,704,955 | 12,706,225 | |
TOTAL MONEY MARKET FUNDS (Cost $82,657,360) | 82,657,360 | ||
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $3,363,501,753) | 4,149,560,947 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 2,754,780 |
NET ASSETS - 100.0% | 4,152,315,727 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 44,808,754 | 1,237,996,723 | 1,212,854,342 | 2,239,788 | - | - | 69,951,135 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.40% | 10,588,050 | 935,687,674 | 933,569,499 | 92,024 | - | - | 12,706,225 | 0.1% |
Total | 55,396,804 | 2,173,684,397 | 2,146,423,841 | 2,331,812 | - | - | 82,657,360 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 574,143,297 | 326,413,010 | 247,730,287 | - |
Consumer Staples | 215,918,982 | 73,886,297 | 142,032,685 | - |
Financials | 757,516,638 | 427,470,181 | 330,046,457 | - |
Health Care | 337,058,584 | 71,283,572 | 265,775,012 | - |
Industrials | 908,871,124 | 509,174,445 | 399,696,679 | - |
Information Technology | 950,212,767 | 250,250,758 | 699,962,006 | 3 |
Materials | 323,182,195 | 182,223,686 | 140,958,509 | - |
Money Market Funds | 82,657,360 | 82,657,360 | - | - |
Total Investments in Securities: | 4,149,560,947 | 1,923,359,309 | 2,226,201,635 | 3 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $12,244,957) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,280,844,393) | $ | 4,066,903,587 | ||
Fidelity Central Funds (cost $82,657,360) | 82,657,360 | |||
Total Investment in Securities (cost $3,363,501,753) | $ | 4,149,560,947 | ||
Cash | 1,954,516 | |||
Foreign currency held at value (cost $519,895) | 519,771 | |||
Receivable for investments sold | 28,089,025 | |||
Receivable for fund shares sold | 2,927,320 | |||
Dividends receivable | 1,914,749 | |||
Reclaims receivable | 6,490,152 | |||
Distributions receivable from Fidelity Central Funds | 320,006 | |||
Prepaid expenses | 6,220 | |||
Other receivables | 1,869,881 | |||
Total assets | 4,193,652,587 | |||
Liabilities | ||||
Payable for investments purchased | $ | 14,123,226 | ||
Payable for fund shares redeemed | 4,571,651 | |||
Accrued management fee | 1,671,389 | |||
Other affiliated payables | 697,198 | |||
Other payables and accrued expenses | 7,567,171 | |||
Collateral on securities loaned | 12,706,225 | |||
Total Liabilities | 41,336,860 | |||
Net Assets | $ | 4,152,315,727 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,701,772,503 | ||
Total accumulated earnings (loss) | 450,543,224 | |||
Net Assets | $ | 4,152,315,727 | ||
Net Asset Value, offering price and redemption price per share ($4,152,315,727 ÷ 183,715,394 shares) | $ | 22.60 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 57,347,101 | ||
Foreign Tax Reclaims | 4,160,355 | |||
Income from Fidelity Central Funds (including $92,024 from security lending) | 2,331,812 | |||
Income before foreign taxes withheld | $ | 63,839,268 | ||
Less foreign taxes withheld | (8,926,310) | |||
Total Income | 54,912,958 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 29,178,011 | ||
Performance adjustment | (3,606,338) | |||
Transfer agent fees | 6,806,238 | |||
Accounting fees | 1,467,784 | |||
Custodian fees and expenses | 391,550 | |||
Independent trustees' fees and expenses | 24,607 | |||
Registration fees | 69,403 | |||
Audit | 116,027 | |||
Legal | 6,849 | |||
Interest | 107,651 | |||
Miscellaneous | 20,378 | |||
Total expenses before reductions | 34,582,160 | |||
Expense reductions | (262,852) | |||
Total expenses after reductions | 34,319,308 | |||
Net Investment income (loss) | 20,593,650 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,177,119) | 79,860,619 | |||
Foreign currency transactions | 346,767 | |||
Total net realized gain (loss) | 80,207,386 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $5,877,899) | 499,077,072 | |||
Assets and liabilities in foreign currencies | 459,026 | |||
Total change in net unrealized appreciation (depreciation) | 499,536,098 | |||
Net gain (loss) | 579,743,484 | |||
Net increase (decrease) in net assets resulting from operations | $ | 600,337,134 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 20,593,650 | $ | 4,726,060 |
Net realized gain (loss) | 80,207,386 | (421,962,871) | ||
Change in net unrealized appreciation (depreciation) | 499,536,098 | (1,404,871,443) | ||
Net increase (decrease) in net assets resulting from operations | 600,337,134 | (1,822,108,254) | ||
Distributions to shareholders | (1,939,358) | (482,951,298) | ||
Share transactions | ||||
Proceeds from sales of shares | 435,752,549 | 1,823,528,638 | ||
Reinvestment of distributions | 1,625,726 | 405,305,190 | ||
Cost of shares redeemed | (706,723,757) | (1,952,267,374) | ||
Net increase (decrease) in net assets resulting from share transactions | (269,345,482) | 276,566,454 | ||
Total increase (decrease) in net assets | 329,052,294 | (2,028,493,098) | ||
Net Assets | ||||
Beginning of period | 3,823,263,433 | 5,851,756,531 | ||
End of period | $ | 4,152,315,727 | $ | 3,823,263,433 |
Other Information | ||||
Shares | ||||
Sold | 18,847,487 | 78,948,065 | ||
Issued in reinvestment of distributions | 72,968 | 14,830,047 | ||
Redeemed | (31,187,640) | (87,008,238) | ||
Net increase (decrease) | (12,267,185) | 6,769,874 | ||
Fidelity® International Capital Appreciation Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 19.51 | $ | 30.93 | $ | 24.57 | $ | 22.41 | $ | 18.84 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .11 | .02 | (.02) | .06 | .17 C | |||||
Net realized and unrealized gain (loss) | 2.99 | (8.86) | 6.74 | 2.86 | 3.93 | |||||
Total from investment operations | 3.10 | (8.84) | 6.72 | 2.92 | 4.10 | |||||
Distributions from net investment income | (.01) | - | (.05) | (.13) | (.08) | |||||
Distributions from net realized gain | - | (2.58) | (.31) | (.62) | (.45) | |||||
Total distributions | (.01) | (2.58) | (.36) | (.76) D | (.53) | |||||
Net asset value, end of period | $ | 22.60 | $ | 19.51 | $ | 30.93 | $ | 24.57 | $ | 22.41 |
Total Return E | 15.89% | (30.97)% | 27.56% | 13.35% | 22.45% | |||||
Ratios to Average Net Assets B,F,G | ||||||||||
Expenses before reductions | .80% | .99% | 1.00% | 1.03% | 1.01% | |||||
Expenses net of fee waivers, if any | .79% | .98% | 1.00% | 1.03% | 1.01% | |||||
Expenses net of all reductions | .79% | .98% | 1.00% | .99% | 1.00% | |||||
Net investment income (loss) | .48% | .10% | (.08)% | .25% | .81% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,152,316 | $ | 3,823,263 | $ | 5,851,757 | $ | 4,514,343 | $ | 3,480,765 |
Portfolio turnover rate H | 79% | 112% I | 141% | 135% | 131% I |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $853,122,151 |
Gross unrealized depreciation | (79,493,642) |
Net unrealized appreciation (depreciation) | $773,628,509 |
Tax Cost | $3,375,932,438 |
Undistributed ordinary income | $18,603,385 |
Capital loss carryforward | $(333,784,644) |
Net unrealized appreciation (depreciation) on securities and other investments | $773,141,128 |
Short-term | $(333,784,644) |
Total capital loss carryforward | $(333,784,644) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $1,939,358 | $136,649,011 |
Long-term Capital Gains | - | 346,302,287 |
Total | $1,939,358 | $482,951,298 |
Purchases ($) | Sales ($) | |
Fidelity International Capital Appreciation Fund | 3,337,279,852 | 3,631,125,524 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity International Capital Appreciation Fund | 237,890 | 2,446,488 | 6,501,540 |
% of Class-Level Average Net Assets | |
Fidelity International Capital Appreciation Fund | 0.1559% |
% of Average Net Assets | |
Fidelity International Capital Appreciation Fund | .03 |
% of Average Net Assets | |
Fidelity International Captal Appreciation Fund | 0.0322% |
Amount | |
Fidelity International Capital Appreciation Fund | $ 4,191 |
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 | 81,775,248 | 191,162,086 | 4,959,364 |
Amount | |
Fidelity International Capital Appreciation Fund | $7,759 |
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 | $9,923 | $- | $- |
Strategic Advisers Fidelity International Fund | |
Fidelity International Capital Appreciation Fund | 36% |
Fund | % of shares held |
Fidelity International Capital Appreciation Fund | 40% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Overseas Fund | 12.95% | 5.23% | 5.03% |
Class K | 13.06% | 5.34% | 5.15% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Overseas Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.2 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.1 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.8 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.5 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 2.1 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.0 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.9 | |
Diageo PLC (United Kingdom, Beverages) | 1.9 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.9 | |
Safran SA (France, Aerospace & Defense) | 1.8 | |
23.2 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.5 | |
Industrials | 19.6 | |
Information Technology | 15.1 | |
Health Care | 14.1 | |
Consumer Discretionary | 9.3 | |
Consumer Staples | 6.7 | |
Materials | 6.3 | |
Energy | 2.1 | |
Real Estate | 1.0 | |
Communication Services | 0.5 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.2% | |||
Shares | Value ($) | ||
Australia - 0.2% | |||
Flutter Entertainment PLC (a) | 106,174 | 16,653,798 | |
Bailiwick of Jersey - 0.3% | |||
JTC PLC (b) | 3,047,000 | 23,646,695 | |
Belgium - 0.6% | |||
Azelis Group NV | 1,024,000 | 17,444,260 | |
KBC Group NV | 520,590 | 28,588,403 | |
TOTAL BELGIUM | 46,032,663 | ||
Canada - 2.6% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,328,700 | 72,329,953 | |
Constellation Software, Inc. | 58,500 | 117,274,624 | |
Constellation Software, Inc. warrants 8/22/28 (a)(c) | 62,100 | 4 | |
Lumine Group, Inc. | 178,222 | 2,241,350 | |
TOTAL CANADA | 191,845,931 | ||
China - 0.0% | |||
Chervon Holdings Ltd. | 699,700 | 1,723,396 | |
Denmark - 5.2% | |||
Carlsberg A/S Series B | 319,300 | 38,052,008 | |
DSV A/S | 721,200 | 107,560,149 | |
Novo Nordisk A/S Series B | 2,491,100 | 240,331,950 | |
TOTAL DENMARK | 385,944,107 | ||
Finland - 1.0% | |||
Nordea Bank Abp | 7,207,600 | 75,740,673 | |
France - 15.3% | |||
Air Liquide SA | 681,329 | 116,747,258 | |
ALTEN | 516,656 | 60,844,784 | |
Antin Infrastructure Partners SA | 198,900 | 2,365,526 | |
Capgemini SA | 632,933 | 111,857,483 | |
Edenred SA | 1,816,979 | 96,588,685 | |
EssilorLuxottica SA | 630,413 | 113,823,704 | |
L'Oreal SA | 258,900 | 108,823,622 | |
LVMH Moet Hennessy Louis Vuitton SE | 257,242 | 184,167,412 | |
Pernod Ricard SA | 259,700 | 46,027,085 | |
Safran SA | 824,300 | 128,771,772 | |
TotalEnergies SE | 2,349,144 | 157,057,853 | |
TOTAL FRANCE | 1,127,075,184 | ||
Germany - 8.0% | |||
Allianz SE | 451,601 | 105,784,167 | |
Deutsche Borse AG | 566,391 | 93,225,954 | |
Hannover Reuck SE | 490,700 | 108,151,374 | |
Infineon Technologies AG | 2,405,100 | 70,253,501 | |
Merck KGaA | 582,900 | 87,796,709 | |
SAP SE | 371,900 | 49,883,814 | |
Siemens Healthineers AG (b) | 1,543,600 | 75,653,676 | |
TOTAL GERMANY | 590,749,195 | ||
India - 1.7% | |||
HCL Technologies Ltd. | 2,147,200 | 32,924,888 | |
HDFC Bank Ltd. | 5,242,200 | 92,992,777 | |
TOTAL INDIA | 125,917,665 | ||
Indonesia - 0.6% | |||
PT Bank Central Asia Tbk | 80,843,700 | 44,538,464 | |
Ireland - 0.9% | |||
Kingspan Group PLC (Ireland) | 963,300 | 64,703,115 | |
Italy - 3.2% | |||
FinecoBank SpA | 4,669,000 | 54,911,089 | |
GVS SpA (a)(b) | 528,100 | 2,358,063 | |
Industrie de Nora SpA | 363,000 | 5,119,924 | |
Recordati SpA | 1,698,130 | 78,340,103 | |
UniCredit SpA | 3,759,700 | 94,254,233 | |
TOTAL ITALY | 234,983,412 | ||
Japan - 12.8% | |||
Bandai Namco Holdings, Inc. | 1,201,900 | 24,901,585 | |
BayCurrent Consulting, Inc. | 674,900 | 16,944,549 | |
Capcom Co. Ltd. | 1,162,600 | 37,423,313 | |
FUJIFILM Holdings Corp. | 1,033,900 | 56,552,060 | |
Hoya Corp. | 892,600 | 85,929,371 | |
Iriso Electronics Co. Ltd. | 501,900 | 11,849,071 | |
Misumi Group, Inc. | 1,737,300 | 26,300,400 | |
NOF Corp. | 941,400 | 37,139,119 | |
Persol Holdings Co. Ltd. | 23,853,000 | 35,765,568 | |
Relo Group, Inc. | 1,741,700 | 17,267,358 | |
Shin-Etsu Chemical Co. Ltd. | 2,809,700 | 84,019,523 | |
Sony Group Corp. | 1,493,900 | 124,201,182 | |
Sumitomo Mitsui Financial Group, Inc. | 2,247,600 | 108,352,254 | |
Suzuki Motor Corp. | 1,480,500 | 57,461,184 | |
TIS, Inc. | 1,260,200 | 26,986,998 | |
Tokio Marine Holdings, Inc. | 5,470,100 | 122,378,368 | |
Tokyo Electron Ltd. | 513,500 | 67,852,705 | |
TOTAL JAPAN | 941,324,608 | ||
Netherlands - 7.0% | |||
ASM International NV (Netherlands) | 157,700 | 64,826,030 | |
ASML Holding NV (Netherlands) | 380,300 | 228,606,092 | |
IMCD NV | 622,424 | 74,749,605 | |
Topicus.Com, Inc. (a) | 122,288 | 8,052,005 | |
Wolters Kluwer NV | 1,091,521 | 139,863,036 | |
TOTAL NETHERLANDS | 516,096,768 | ||
Spain - 0.6% | |||
Amadeus IT Holding SA Class A | 708,757 | 40,361,544 | |
Sweden - 3.4% | |||
Addlife AB | 2,778,272 | 18,094,627 | |
AddTech AB (B Shares) | 3,841,696 | 56,236,142 | |
Atlas Copco AB (A Shares) | 7,402,144 | 95,850,523 | |
Indutrade AB | 4,506,101 | 79,586,275 | |
Kry International AB (a)(c)(d) | 2,787 | 102,298 | |
TOTAL SWEDEN | 249,869,865 | ||
Switzerland - 4.9% | |||
Compagnie Financiere Richemont SA Series A | 824,946 | 97,323,431 | |
Julius Baer Group Ltd. | 1,345,884 | 79,759,376 | |
Partners Group Holding AG | 69,820 | 73,438,989 | |
Sika AG | 457,592 | 109,109,773 | |
TOTAL SWITZERLAND | 359,631,569 | ||
Taiwan - 0.6% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,697,000 | 44,014,878 | |
United Kingdom - 16.3% | |||
3i Group PLC | 3,146,600 | 74,189,245 | |
AstraZeneca PLC (United Kingdom) | 1,667,000 | 208,714,655 | |
BAE Systems PLC | 6,926,800 | 93,140,399 | |
Beazley PLC | 2,551,229 | 15,954,086 | |
Compass Group PLC | 5,616,398 | 141,597,179 | |
Diageo PLC | 3,736,300 | 141,292,014 | |
Diploma PLC | 1,567,295 | 54,139,211 | |
Halma PLC | 1,719,700 | 38,564,363 | |
Hiscox Ltd. | 2,323,213 | 26,486,768 | |
London Stock Exchange Group PLC | 1,009,000 | 101,803,151 | |
RELX PLC (London Stock Exchange) | 4,282,200 | 149,567,464 | |
Rentokil Initial PLC | 10,456,515 | 53,249,706 | |
Sage Group PLC | 5,866,300 | 69,205,666 | |
Volution Group PLC | 7,215,267 | 31,799,281 | |
TOTAL UNITED KINGDOM | 1,199,703,188 | ||
United States of America - 12.0% | |||
CBRE Group, Inc. (a) | 855,800 | 59,341,172 | |
CDW Corp. | 256,000 | 51,302,400 | |
Experian PLC | 2,207,000 | 66,821,029 | |
Ferguson PLC | 534,500 | 80,102,834 | |
Fiserv, Inc. (a) | 154,400 | 17,563,000 | |
ICON PLC (a) | 325,200 | 79,335,792 | |
Linde PLC | 312,600 | 119,463,216 | |
Marsh & McLennan Companies, Inc. | 640,200 | 121,413,930 | |
Nestle SA (Reg. S) | 815,550 | 87,947,918 | |
S&P Global, Inc. | 269,805 | 94,245,585 | |
Schneider Electric SA | 393,000 | 60,465,908 | |
Thermo Fisher Scientific, Inc. | 111,500 | 49,591,855 | |
TOTAL UNITED STATES OF AMERICA | 887,594,639 | ||
TOTAL COMMON STOCKS (Cost $5,789,905,828) | 7,168,151,357 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(d) (Cost $7,360,943) | 16,101 | 590,995 | |
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (e) (Cost $150,881,981) | 150,851,810 | 150,881,981 | |
TOTAL INVESTMENT IN SECURITIES - 99.2% (Cost $5,948,148,752) | 7,319,624,333 |
NET OTHER ASSETS (LIABILITIES) - 0.8% | 57,522,400 |
NET ASSETS - 100.0% | 7,377,146,733 |
(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 $101,658,434 or 1.4% of net assets. |
(c) | Level 3 security |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $693,293 or 0.0% of net assets. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 214,978,741 | 1,425,901,464 | 1,489,998,224 | 5,108,119 | - | - | 150,881,981 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.40% | 17,314,388 | 1,014,312,343 | 1,031,626,731 | 739,822 | - | - | - | 0.0% |
Total | 232,293,129 | 2,440,213,807 | 2,521,624,955 | 5,847,941 | - | - | 150,881,981 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 37,423,313 | - | 37,423,313 | - |
Consumer Discretionary | 688,390,711 | 57,015,342 | 631,375,369 | - |
Consumer Staples | 494,472,600 | 118,357,038 | 376,115,562 | - |
Energy | 157,057,853 | - | 157,057,853 | - |
Financials | 1,656,372,792 | 739,094,803 | 917,277,989 | - |
Health Care | 1,037,612,442 | 502,636,466 | 534,975,976 | - |
Industrials | 1,440,539,213 | 780,482,924 | 660,056,289 | - |
Information Technology | 1,113,786,009 | 412,311,222 | 700,781,490 | 693,297 |
Materials | 466,478,889 | 228,572,989 | 237,905,900 | - |
Real Estate | 76,608,530 | 59,341,172 | 17,267,358 | - |
Money Market Funds | 150,881,981 | 150,881,981 | - | - |
Total Investments in Securities: | 7,319,624,333 | 3,048,693,937 | 4,270,237,099 | 693,297 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $5,797,266,771) | $ | 7,168,742,352 | ||
Fidelity Central Funds (cost $150,881,981) | 150,881,981 | |||
Total Investment in Securities (cost $5,948,148,752) | $ | 7,319,624,333 | ||
Foreign currency held at value (cost $1,775,737) | 1,775,736 | |||
Receivable for investments sold | 32,257,315 | |||
Receivable for fund shares sold | 5,879,269 | |||
Dividends receivable | 9,977,434 | |||
Reclaims receivable | 28,776,767 | |||
Distributions receivable from Fidelity Central Funds | 690,792 | |||
Prepaid expenses | 11,041 | |||
Other receivables | 254,858 | |||
Total assets | 7,399,247,545 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,810,626 | ||
Payable for fund shares redeemed | 8,128,782 | |||
Accrued management fee | 2,623,425 | |||
Other affiliated payables | 1,042,306 | |||
Deferred taxes | 2,079,693 | |||
Other payables and accrued expenses | 415,980 | |||
Total Liabilities | 22,100,812 | |||
Net Assets | $ | 7,377,146,733 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,016,502,669 | ||
Total accumulated earnings (loss) | 1,360,644,064 | |||
Net Assets | $ | 7,377,146,733 | ||
Net Asset Value and Maximum Offering Price | ||||
Overseas : | ||||
Net Asset Value, offering price and redemption price per share ($6,684,862,461 ÷ 128,084,466 shares) | $ | 52.19 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($692,284,272 ÷ 13,284,821 shares) | $ | 52.11 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 158,274,364 | ||
Foreign Tax Reclaims | 11,016,295 | |||
Income from Fidelity Central Funds (including $739,822 from security lending) | 5,847,941 | |||
Income before foreign taxes withheld | $ | 175,138,600 | ||
Less foreign taxes withheld | (24,141,257) | |||
Total Income | 150,997,343 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 50,289,138 | ||
Performance adjustment | (7,837,589) | |||
Transfer agent fees | 10,864,794 | |||
Accounting fees | 1,608,300 | |||
Custodian fees and expenses | 301,780 | |||
Independent trustees' fees and expenses | 44,391 | |||
Registration fees | 125,467 | |||
Audit | 125,012 | |||
Legal | 7,951 | |||
Interest | 7,793 | |||
Miscellaneous | 36,667 | |||
Total expenses before reductions | 55,573,704 | |||
Expense reductions | (471,441) | |||
Total expenses after reductions | 55,102,263 | |||
Net Investment income (loss) | 95,895,080 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $39,393) | 179,547,434 | |||
Foreign currency transactions | (696,912) | |||
Total net realized gain (loss) | 178,850,522 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $499,581) | 586,673,000 | |||
Assets and liabilities in foreign currencies | 1,737,844 | |||
Total change in net unrealized appreciation (depreciation) | 588,410,844 | |||
Net gain (loss) | 767,261,366 | |||
Net increase (decrease) in net assets resulting from operations | $ | 863,156,446 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 95,895,080 | $ | 74,612,993 |
Net realized gain (loss) | 178,850,522 | (261,677,190) | ||
Change in net unrealized appreciation (depreciation) | 588,410,844 | (3,015,457,116) | ||
Net increase (decrease) in net assets resulting from operations | 863,156,446 | (3,202,521,313) | ||
Distributions to shareholders | (57,098,273) | (471,071,500) | ||
Share transactions - net increase (decrease) | (224,690,399) | (103,633,659) | ||
Total increase (decrease) in net assets | 581,367,774 | (3,777,226,472) | ||
Net Assets | ||||
Beginning of period | 6,795,778,959 | 10,573,005,431 | ||
End of period | $ | 7,377,146,733 | $ | 6,795,778,959 |
Fidelity® Overseas Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 46.55 | $ | 69.79 | $ | 50.91 | $ | 49.51 | $ | 46.04 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .67 | .47 | .21 | .13 | .77 | |||||
Net realized and unrealized gain (loss) | 5.36 | (20.64) | 18.98 | 1.97 | 5.12 | |||||
Total from investment operations | 6.03 | (20.17) | 19.19 | 2.10 | 5.89 | |||||
Distributions from net investment income | (.39) | (.20) | (.11) | (.70) | (.68) | |||||
Distributions from net realized gain | - | (2.87) | (.21) | - | (1.74) | |||||
Total distributions | (.39) | (3.07) | (.31) C | (.70) | (2.42) | |||||
Net asset value, end of period | $ | 52.19 | $ | 46.55 | $ | 69.79 | $ | 50.91 | $ | 49.51 |
Total Return D | 12.95% | (30.12)% | 37.83% | 4.25% | 13.78% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .73% | .95% | .99% | 1.04% | .90% | |||||
Expenses net of fee waivers, if any | .72% | .95% | .98% | 1.04% | .90% | |||||
Expenses net of all reductions | .72% | .94% | .98% | 1.03% | .89% | |||||
Net investment income (loss) | 1.23% | .84% | .33% | .27% | 1.68% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 6,684,862 | $ | 6,175,776 | $ | 8,981,609 | $ | 6,160,617 | $ | 6,182,831 |
Portfolio turnover rate G | 34% | 25% | 30% H | 41% | 46% H |
Fidelity® Overseas Fund Class K |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 46.48 | $ | 69.68 | $ | 50.83 | $ | 49.43 | $ | 45.98 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .73 | .54 | .27 | .19 | .82 | |||||
Net realized and unrealized gain (loss) | 5.34 | (20.60) | 18.95 | 1.96 | 5.11 | |||||
Total from investment operations | 6.07 | (20.06) | 19.22 | 2.15 | 5.93 | |||||
Distributions from net investment income | (.44) | (.26) | (.16) | (.75) | (.73) | |||||
Distributions from net realized gain | - | (2.87) | (.21) | - | (1.74) | |||||
Total distributions | (.44) | (3.14) C | (.37) | (.75) | (2.48) C | |||||
Net asset value, end of period | $ | 52.11 | $ | 46.48 | $ | 69.68 | $ | 50.83 | $ | 49.43 |
Total Return D | 13.06% | (30.04)% | 37.97% | 4.36% | 13.90% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .62% | .84% | .89% | .94% | .78% | |||||
Expenses net of fee waivers, if any | .61% | .84% | .88% | .93% | .78% | |||||
Expenses net of all reductions | .61% | .84% | .88% | .93% | .77% | |||||
Net investment income (loss) | 1.34% | .94% | .43% | .38% | 1.79% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 692,284 | $ | 620,003 | $ | 1,591,397 | $ | 1,022,402 | $ | 1,040,002 |
Portfolio turnover rate G | 34% | 25% | 30% H | 41% | 46% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Fidelity Overseas Fund | $254,830 |
Gross unrealized appreciation | $1,703,975,178 |
Gross unrealized depreciation | (344,457,061) |
Net unrealized appreciation (depreciation) | $1,359,518,117 |
Tax Cost | $5,960,106,216 |
Undistributed ordinary income | $89,078,628 |
Capital loss carryforward | $(84,908,134) |
Net unrealized appreciation (depreciation) on securities and other investments | $1,358,727,494 |
Short-term | $(84,908,134) |
Total capital loss carryforward | $(84,908,134) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $57,098,273 | $57,969,693 |
Long-term Capital Gains | - | 413,101,807 |
Total | $57,098,273 | $471,071,500 |
Purchases ($) | Sales ($) | |
Fidelity Overseas Fund | 2,550,277,768 | 2,684,297,635 |
Amount | % of Class-Level Average Net Assets | |
Overseas | $ 10,602,894 | .15 |
Class K | 261,900 | .04 |
$ 10,864,794 |
% of Class-Level Average Net Assets | |
Fidelity Overseas Fund | 0.1476% |
% of Average Net Assets | |
Fidelity Overseas Fund | .02 |
% of Average Net Assets | |
Fidelity Overseas Fund | 0.0199% |
Amount | |
Fidelity Overseas Fund | $ 1,076 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Overseas Fund | Borrower | $ 32,348,500 | 4.34% | $7,793 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Overseas Fund | 61,906,786 | 139,759,630 | (11,613,431) |
Amount | |
Fidelity Overseas Fund | $13,914 |
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 | $78,664 | $- | $- |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Overseas Fund | ||||
Overseas | ||||
Shares sold | 10,936,067 | 40,345,843 | $596,408,589 | $2,183,494,857 |
Reinvestment of distributions | 849,241 | 5,519,644 | 44,738,039 | 355,685,872 |
Shares redeemed | (16,363,021) | (41,890,883) | (880,663,957) | (2,190,097,209) |
Net increase (decrease) | (4,577,713) | 3,974,604 | $(239,517,329) | $349,083,520 |
Class K | ||||
Shares sold | 5,973,191 | 4,842,077 | $340,532,508 | $287,643,692 |
Reinvestment of distributions | 111,598 | 1,135,606 | 5,864,465 | 72,996,779 |
Shares redeemed | (6,139,595) | (15,475,778) | (331,570,043) | (813,357,650) |
Net increase (decrease) | (54,806) | (9,498,095) | $14,826,930 | $(452,717,179) |
Strategic Advisers Fidelity International Fund | |
Fidelity Overseas Fund | 29% |
Fund | % of shares held |
Fidelity Overseas Fund | 48% |
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Class A (incl. 5.75% sales charge) | 4.26% | 7.20% | 7.20% |
Class M (incl. 3.50% sales charge) | 6.53% | 7.43% | 7.15% |
Class C (incl. contingent deferred sales charge) | 8.76% | 7.63% | 7.16% |
Fidelity® Worldwide Fund | 10.95% | 8.79% | 8.16% |
Class I | 10.97% | 8.78% | 8.13% |
Class Z | 11.10% | 8.92% | 8.20% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Worldwide Fund, a class of the fund, on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI World Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. (United States of America, Software) | 6.4 | |
Meta Platforms, Inc. Class A (United States of America, Interactive Media & Services) | 5.6 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 5.3 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 4.7 | |
Amazon.com, Inc. (United States of America, Broadline Retail) | 4.2 | |
Alphabet, Inc. Class A (United States of America, Interactive Media & Services) | 3.8 | |
Eaton Corp. PLC (United States of America, Electrical Equipment) | 3.4 | |
Fiserv, Inc. (United States of America, Financial Services) | 3.4 | |
Oracle Corp. (United States of America, Software) | 2.7 | |
S&P Global, Inc. (United States of America, Capital Markets) | 2.4 | |
41.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 25.4 | |
Financials | 13.7 | |
Industrials | 13.2 | |
Consumer Discretionary | 13.1 | |
Communication Services | 11.9 | |
Health Care | 10.1 | |
Energy | 5.6 | |
Consumer Staples | 2.6 | |
Materials | 1.8 | |
Real Estate | 1.0 | |
Utilities | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.4% | |||
Shares | Value ($) | ||
Australia - 1.3% | |||
Aub Group Ltd. | 257,900 | 4,429,048 | |
CAR Group Ltd. | 544,560 | 9,599,102 | |
Flutter Entertainment PLC (a) | 35,700 | 5,599,681 | |
Lovisa Holdings Ltd. | 357,317 | 3,954,170 | |
National Storage REIT unit | 4,853,097 | 6,187,625 | |
TOTAL AUSTRALIA | 29,769,626 | ||
Austria - 0.2% | |||
Wienerberger AG | 203,600 | 4,941,945 | |
Belgium - 0.4% | |||
Azelis Group NV | 231,900 | 3,950,512 | |
UCB SA | 60,600 | 4,428,187 | |
TOTAL BELGIUM | 8,378,699 | ||
Canada - 2.9% | |||
Canada Goose Holdings, Inc. (a) | 48,300 | 535,680 | |
Constellation Software, Inc. | 3,700 | 7,417,369 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 3,700 | 0 | |
Franco-Nevada Corp. | 32,900 | 4,002,329 | |
PrairieSky Royalty Ltd. | 2,744,700 | 48,194,300 | |
Quebecor, Inc. Class B (sub. vtg.) | 230,500 | 4,755,439 | |
Shopify, Inc. Class A (a) | 1,000 | 47,190 | |
TOTAL CANADA | 64,952,307 | ||
China - 1.5% | |||
BYD Co. Ltd. (H Shares) | 168,500 | 5,124,107 | |
Centre Testing International Group Co. Ltd. (A Shares) | 2,106,400 | 4,359,195 | |
Kweichow Moutai Co. Ltd. (A Shares) | 18,100 | 4,169,412 | |
Tencent Holdings Ltd. | 182,800 | 6,765,201 | |
Trip.com Group Ltd. ADR (a) | 160,600 | 5,460,400 | |
ZTO Express, Inc. sponsored ADR | 306,000 | 7,212,420 | |
TOTAL CHINA | 33,090,735 | ||
Denmark - 1.2% | |||
Carlsberg A/S Series B | 34,800 | 4,147,228 | |
GN Store Nord A/S (a) | 379,775 | 6,315,450 | |
Novo Nordisk A/S Series B | 175,400 | 16,921,932 | |
TOTAL DENMARK | 27,384,610 | ||
Finland - 0.5% | |||
Nanoform Finland PLC (a) | 754,800 | 1,269,860 | |
Olvi Oyj (A Shares) | 86,661 | 2,562,903 | |
Sampo Oyj (A Shares) | 159,551 | 6,264,944 | |
TOTAL FINLAND | 10,097,707 | ||
France - 1.6% | |||
Dassault Aviation SA | 15,500 | 3,075,103 | |
L'Oreal SA | 31,000 | 13,030,252 | |
LVMH Moet Hennessy Louis Vuitton SE | 20,927 | 14,982,279 | |
Pernod Ricard SA | 26,100 | 4,625,749 | |
TOTAL FRANCE | 35,713,383 | ||
Germany - 1.0% | |||
DHL Group | 204,311 | 7,946,831 | |
Instone Real Estate Group BV (c) | 332,488 | 1,892,714 | |
Nexus AG | 46,000 | 2,241,373 | |
Stabilus Se | 144,286 | 9,144,874 | |
TOTAL GERMANY | 21,225,792 | ||
Hong Kong - 1.2% | |||
AIA Group Ltd. | 761,327 | 6,611,218 | |
Hong Kong Exchanges and Clearing Ltd. | 170,174 | 5,953,138 | |
Prudential PLC | 1,366,086 | 14,284,326 | |
TOTAL HONG KONG | 26,848,682 | ||
Hungary - 0.1% | |||
Richter Gedeon PLC | 86,900 | 2,037,565 | |
India - 0.0% | |||
Pine Labs Private Ltd. (a)(b)(d) | 792 | 248,442 | |
Indonesia - 0.8% | |||
PT Bank Central Asia Tbk | 20,561,200 | 11,327,590 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 21,144,000 | 6,611,388 | |
TOTAL INDONESIA | 17,938,978 | ||
Ireland - 0.3% | |||
Cairn Homes PLC | 3,237,500 | 3,797,294 | |
Irish Residential Properties REIT PLC | 3,953,167 | 3,806,390 | |
TOTAL IRELAND | 7,603,684 | ||
Italy - 1.0% | |||
BFF Bank SpA (c) | 1,389,790 | 13,345,121 | |
Prysmian SpA | 105,000 | 3,920,737 | |
Recordati SpA | 128,900 | 5,946,564 | |
TOTAL ITALY | 23,212,422 | ||
Japan - 5.2% | |||
FUJIFILM Holdings Corp. | 87,992 | 4,812,969 | |
Funai Soken Holdings, Inc. | 149,400 | 2,455,525 | |
GMO Internet, Inc. | 300,866 | 4,382,046 | |
Hitachi Ltd. | 190,900 | 12,100,507 | |
Hoya Corp. | 63,443 | 6,107,570 | |
Iriso Electronics Co. Ltd. | 204,185 | 4,820,487 | |
Katitas Co. Ltd. | 257,600 | 3,438,300 | |
Keyence Corp. | 22,340 | 8,648,232 | |
NOF Corp. | 207,695 | 8,193,764 | |
Osaka Soda Co. Ltd. | 93,700 | 5,503,059 | |
PALTAC Corp. | 188,891 | 6,123,181 | |
Pan Pacific International Holdings Ltd. | 403,700 | 7,817,999 | |
Renesas Electronics Corp. (a) | 502,231 | 6,597,116 | |
Shin-Etsu Chemical Co. Ltd. | 262,015 | 7,835,134 | |
Sony Group Corp. | 116,703 | 9,702,557 | |
Tsuruha Holdings, Inc. | 120,200 | 8,829,496 | |
USS Co. Ltd. | 324,600 | 5,673,650 | |
ZOZO, Inc. | 129,400 | 2,460,508 | |
TOTAL JAPAN | 115,502,100 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 5,920,700 | 489,623 | |
Luxembourg - 0.1% | |||
Novem Group SA | 292,876 | 1,846,957 | |
Netherlands - 1.0% | |||
ASML Holding NV (Netherlands) | 23,800 | 14,306,666 | |
BE Semiconductor Industries NV | 39,000 | 4,015,172 | |
IMCD NV | 32,351 | 3,885,172 | |
TOTAL NETHERLANDS | 22,207,010 | ||
Norway - 0.8% | |||
Schibsted ASA (B Shares) | 299,297 | 5,546,035 | |
TGS ASA | 883,149 | 12,032,574 | |
TOTAL NORWAY | 17,578,609 | ||
Russia - 0.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (a)(b) | 139,553 | 51,541 | |
Spain - 0.6% | |||
CaixaBank SA | 1,697,900 | 6,902,882 | |
Cie Automotive SA | 230,635 | 5,871,480 | |
TOTAL SPAIN | 12,774,362 | ||
Sweden - 3.2% | |||
Addlife AB | 783,810 | 5,104,882 | |
Autoliv, Inc. (depository receipt) | 76,777 | 7,067,299 | |
Dustin Group AB (a)(c)(e) | 2,591,588 | 2,913,736 | |
Evolution AB (c) | 88,200 | 7,837,489 | |
Haypp Group (a) | 603,300 | 2,426,723 | |
Hemnet Group AB | 876,830 | 15,215,474 | |
HEXPOL AB (B Shares) | 850,359 | 7,518,997 | |
INVISIO AB | 272,280 | 4,088,182 | |
JM AB (B Shares) | 334,900 | 3,564,282 | |
Kry International AB (a)(b)(d) | 489 | 17,949 | |
Sandvik AB | 21,257 | 362,071 | |
Swedbank AB (A Shares) | 727,850 | 11,916,254 | |
Swedish Logistic Property AB (a) | 1,522,409 | 3,546,053 | |
TOTAL SWEDEN | 71,579,391 | ||
Taiwan - 0.3% | |||
E Ink Holdings, Inc. | 1,422,000 | 7,393,146 | |
United Kingdom - 4.5% | |||
3i Group PLC | 296,400 | 6,988,398 | |
AstraZeneca PLC (United Kingdom) | 104,843 | 13,126,737 | |
Beazley PLC | 824,700 | 5,157,253 | |
Clarkson PLC | 145,262 | 4,669,978 | |
Diageo PLC | 288,873 | 10,924,029 | |
Endava PLC ADR (a) | 72,400 | 3,631,584 | |
Games Workshop Group PLC | 34,000 | 4,080,873 | |
Harbour Energy PLC | 1,486,871 | 4,586,718 | |
Hiscox Ltd. | 856,247 | 9,762,004 | |
Lancashire Holdings Ltd. | 1,178,720 | 8,137,595 | |
London Stock Exchange Group PLC | 71,200 | 7,183,731 | |
RS GROUP PLC | 303,095 | 2,494,783 | |
Sabre Insurance Group PLC (c) | 6,755,301 | 12,069,774 | |
Softcat PLC | 234,700 | 3,608,616 | |
WH Smith PLC | 329,610 | 4,647,244 | |
Zegona Communications PLC (a)(b) | 30,559 | 11,589 | |
TOTAL UNITED KINGDOM | 101,080,906 | ||
United States of America - 68.7% | |||
Adobe, Inc. (a) | 48,000 | 25,538,880 | |
Alphabet, Inc. Class A (a) | 691,000 | 85,739,280 | |
Amazon.com, Inc. (a) | 714,000 | 95,026,260 | |
ANSYS, Inc. (a) | 1,000 | 278,260 | |
Apple, Inc. | 273,000 | 46,620,210 | |
Arthur J. Gallagher & Co. | 51,000 | 12,009,990 | |
Cadence Design Systems, Inc. (a) | 27,000 | 6,475,950 | |
Celsius Holdings, Inc. (a) | 1,000 | 152,090 | |
Chart Industries, Inc. (a)(e) | 99,000 | 11,506,770 | |
Confluent, Inc. (a) | 25,000 | 722,750 | |
Constellation Energy Corp. | 62,000 | 7,001,040 | |
Costco Wholesale Corp. | 16,000 | 8,839,040 | |
Crane Nxt Co. | 65,000 | 3,380,000 | |
CSX Corp. | 424,000 | 12,656,400 | |
Curtiss-Wright Corp. | 3,000 | 596,430 | |
Deckers Outdoor Corp. (a) | 77,155 | 46,066,164 | |
Dell Technologies, Inc. | 97,000 | 6,490,270 | |
Eaton Corp. PLC | 371,000 | 77,134,610 | |
Eli Lilly & Co. | 189,000 | 104,692,770 | |
Exxon Mobil Corp. | 412,000 | 43,610,200 | |
Fiserv, Inc. (a) | 667,201 | 75,894,114 | |
General Electric Co. | 42,000 | 4,562,460 | |
HealthEquity, Inc. (a) | 108,000 | 7,741,440 | |
Ingersoll Rand, Inc. | 185,000 | 11,225,800 | |
J.B. Hunt Transport Services, Inc. | 23,000 | 3,953,010 | |
Jabil, Inc. | 325,000 | 39,910,000 | |
KBR, Inc. | 429,000 | 24,946,350 | |
Lattice Semiconductor Corp. (a) | 33,400 | 1,857,374 | |
Leidos Holdings, Inc. | 9,000 | 892,080 | |
lululemon athletica, Inc. (a) | 7,800 | 3,069,144 | |
Maplebear, Inc. | 8,000 | 177,336 | |
Marathon Petroleum Corp. | 11,000 | 1,663,750 | |
Marsh & McLennan Companies, Inc. | 62,000 | 11,758,300 | |
Marvell Technology, Inc. | 98,100 | 4,632,282 | |
Meta Platforms, Inc. Class A (a) | 415,000 | 125,027,050 | |
Micron Technology, Inc. | 431,000 | 28,820,970 | |
Microsoft Corp. | 424,000 | 143,358,640 | |
Moody's Corp. | 14,000 | 4,312,000 | |
Netflix, Inc. (a) | 19,000 | 7,822,110 | |
NVIDIA Corp. | 291,000 | 118,669,800 | |
Occidental Petroleum Corp. | 87,000 | 5,377,470 | |
Oracle Corp. | 577,000 | 59,661,800 | |
Parker Hannifin Corp. | 73,000 | 26,930,430 | |
RHI Magnesita NV | 83,122 | 2,592,446 | |
Rivian Automotive, Inc. (a) | 1,000 | 16,220 | |
Roche Holding AG (participation certificate) | 48,651 | 12,537,832 | |
S&P Global, Inc. | 152,628 | 53,314,487 | |
Schlumberger Ltd. | 162,000 | 9,016,920 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 11,000 | 530,420 | |
Stripe, Inc. Class B (a)(b)(d) | 10,000 | 182,500 | |
Synopsys, Inc. (a) | 13,000 | 6,102,720 | |
Tesla, Inc. (a) | 145,000 | 29,121,800 | |
The Boeing Co. (a) | 19,000 | 3,549,580 | |
TJX Companies, Inc. | 48,000 | 4,227,360 | |
TransDigm Group, Inc. (a) | 9,000 | 7,452,810 | |
United Rentals, Inc. | 34,000 | 13,813,180 | |
UnitedHealth Group, Inc. | 81,000 | 43,380,360 | |
Vertiv Holdings Co. | 741,000 | 29,099,070 | |
Visa, Inc. Class A | 70,000 | 16,457,000 | |
TOTAL UNITED STATES OF AMERICA | 1,538,195,779 | ||
TOTAL COMMON STOCKS (Cost $1,835,952,387) | 2,202,144,001 | ||
Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.2% | |||
ByteDance Ltd. Series E1 (a)(b)(d) | 14,425 | 3,370,401 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(b)(d) | 138,905 | 818,150 | |
4,188,551 | |||
Ireland - 0.0% | |||
Circle Internet Financial Ltd. Series F (a)(b)(d) | 23,730 | 510,432 | |
United States of America - 0.0% | |||
Stripe, Inc. Series H (a)(b)(d) | 29,122 | 531,477 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 5,230,460 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
India - 0.1% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(b)(d) | 1,892 | 593,501 | |
Series A (a)(b)(d) | 473 | 148,375 | |
Series B (a)(b)(d) | 514 | 161,237 | |
Series B2 (a)(b)(d) | 416 | 130,495 | |
Series C (a)(b)(d) | 774 | 242,796 | |
Series C1 (a)(b)(d) | 163 | 51,131 | |
Series D (a)(b)(d) | 174 | 54,582 | |
1,382,117 | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(d) | 2,824 | 103,656 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 1,485,773 | ||
TOTAL PREFERRED STOCKS (Cost $8,655,877) | 6,716,233 | ||
Money Market Funds - 1.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 19,648,458 | 19,652,388 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 3,365,463 | 3,365,800 | |
TOTAL MONEY MARKET FUNDS (Cost $23,014,724) | 23,018,188 | ||
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $1,867,622,988) | 2,231,878,422 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 6,864,803 |
NET ASSETS - 100.0% | 2,238,743,225 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $38,058,834 or 1.7% 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 $7,165,124 or 0.3% of net assets. |
(e) | Security or a portion of the security is on loan at period end. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 |
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 - 5/25/23 | 1,168,520 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 15,584,500 | 839,895,207 | 835,827,320 | 1,413,320 | 81 | (80) | 19,652,388 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 7,256,240 | 222,270,932 | 226,161,372 | 89,548 | - | - | 3,365,800 | 0.0% |
Total | 22,840,740 | 1,062,166,139 | 1,061,988,692 | 1,502,868 | 81 | (80) | 23,018,188 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 264,341,304 | 244,595,011 | 16,364,303 | 3,381,990 |
Consumer Discretionary | 292,946,671 | 237,108,220 | 55,838,451 | - |
Consumer Staples | 57,509,076 | 16,179,782 | 41,277,753 | 51,541 |
Energy | 124,481,932 | 124,481,932 | - | - |
Financials | 311,200,987 | 240,398,836 | 70,291,719 | 510,432 |
Health Care | 226,355,222 | 176,843,001 | 48,694,071 | 818,150 |
Industrials | 297,984,870 | 278,707,572 | 19,277,298 | - |
Information Technology | 567,580,376 | 514,153,573 | 50,960,662 | 2,466,141 |
Materials | 40,587,674 | 19,055,717 | 21,531,957 | - |
Real Estate | 18,871,082 | 9,245,157 | 9,625,925 | - |
Utilities | 7,001,040 | 7,001,040 | - | - |
Money Market Funds | 23,018,188 | 23,018,188 | - | - |
Total Investments in Securities: | 2,231,878,422 | 1,890,788,029 | 333,862,139 | 7,228,254 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,705,920) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,844,608,264) | $ | 2,208,860,234 | ||
Fidelity Central Funds (cost $23,014,724) | 23,018,188 | |||
Total Investment in Securities (cost $1,867,622,988) | $ | 2,231,878,422 | ||
Foreign currency held at value (cost $54,498) | 54,405 | |||
Receivable for investments sold | 30,327,653 | |||
Receivable for fund shares sold | 449,061 | |||
Dividends receivable | 537,066 | |||
Reclaims receivable | 2,623,104 | |||
Distributions receivable from Fidelity Central Funds | 119,414 | |||
Prepaid expenses | 3,231 | |||
Other receivables | 81,611 | |||
Total assets | 2,266,073,967 | |||
Liabilities | ||||
Payable for investments purchased | $ | 21,612,401 | ||
Payable for fund shares redeemed | 1,091,418 | |||
Accrued management fee | 806,084 | |||
Distribution and service plan fees payable | 28,912 | |||
Other affiliated payables | 352,256 | |||
Other payables and accrued expenses | 73,871 | |||
Collateral on securities loaned | 3,365,800 | |||
Total Liabilities | 27,330,742 | |||
Net Assets | $ | 2,238,743,225 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,866,994,770 | ||
Total accumulated earnings (loss) | 371,748,455 | |||
Net Assets | $ | 2,238,743,225 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($73,934,926 ÷ 2,748,170 shares)(a) | $ | 26.90 | ||
Maximum offering price per share (100/94.25 of $26.90) | $ | 28.54 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($16,050,766 ÷ 603,442 shares)(a) | $ | 26.60 | ||
Maximum offering price per share (100/96.50 of $26.60) | $ | 27.56 | ||
Class C : | ||||
Net Asset Value and offering price per share ($7,292,462 ÷ 288,821 shares)(a) | $ | 25.25 | ||
Worldwide : | ||||
Net Asset Value, offering price and redemption price per share ($1,982,943,304 ÷ 72,255,506 shares) | $ | 27.44 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($41,289,414 ÷ 1,516,333 shares) | $ | 27.23 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($117,232,353 ÷ 4,309,264 shares) | $ | 27.20 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 31,102,304 | ||
Income from Fidelity Central Funds (including $89,548 from security lending) | 1,502,868 | |||
Income before foreign taxes withheld | $ | 32,605,172 | ||
Less foreign taxes withheld | (1,961,230) | |||
Total Income | 30,643,942 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 14,647,460 | ||
Performance adjustment | (4,013,549) | |||
Transfer agent fees | 3,418,216 | |||
Distribution and service plan fees | 350,515 | |||
Accounting fees | 598,854 | |||
Custodian fees and expenses | 80,550 | |||
Independent trustees' fees and expenses | 12,908 | |||
Registration fees | 106,021 | |||
Audit | 97,177 | |||
Legal | 7,483 | |||
Miscellaneous | 10,930 | |||
Total expenses before reductions | 15,316,565 | |||
Expense reductions | (138,332) | |||
Total expenses after reductions | 15,178,233 | |||
Net Investment income (loss) | 15,465,709 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $137,150) | 2,083,251 | |||
Fidelity Central Funds | 81 | |||
Foreign currency transactions | 572,140 | |||
Total net realized gain (loss) | 2,655,472 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $108,910) | 205,131,592 | |||
Fidelity Central Funds | (80) | |||
Unfunded commitments | 227,538 | |||
Assets and liabilities in foreign currencies | 170,868 | |||
Total change in net unrealized appreciation (depreciation) | 205,529,918 | |||
Net gain (loss) | 208,185,390 | |||
Net increase (decrease) in net assets resulting from operations | $ | 223,651,099 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 15,465,709 | $ | 14,477,798 |
Net realized gain (loss) | 2,655,472 | 145,952,644 | ||
Change in net unrealized appreciation (depreciation) | 205,529,918 | (1,000,391,802) | ||
Net increase (decrease) in net assets resulting from operations | 223,651,099 | (839,961,360) | ||
Distributions to shareholders | (124,836,814) | (362,130,555) | ||
Share transactions - net increase (decrease) | 37,686,493 | 68,731,196 | ||
Total increase (decrease) in net assets | 136,500,778 | (1,133,360,719) | ||
Net Assets | ||||
Beginning of period | 2,102,242,447 | 3,235,603,166 | ||
End of period | $ | 2,238,743,225 | $ | 2,102,242,447 |
Fidelity Advisor® Worldwide Fund Class A |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 25.75 | $ | 40.06 | $ | 31.49 | $ | 27.36 | $ | 26.57 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .11 | .09 | (.13) | (.05) | .11 | |||||
Net realized and unrealized gain (loss) | 2.52 | (9.90) | 11.40 | 5.50 | 2.84 | |||||
Total from investment operations | 2.63 | (9.81) | 11.27 | 5.45 | 2.95 | |||||
Distributions from net investment income | (.11) | (.07) | - | (.12) | (.02) | |||||
Distributions from net realized gain | (1.37) | (4.43) | (2.70) | (1.20) | (2.14) | |||||
Total distributions | (1.48) | (4.50) | (2.70) | (1.32) | (2.16) | |||||
Net asset value, end of period | $ | 26.90 | $ | 25.75 | $ | 40.06 | $ | 31.49 | $ | 27.36 |
Total Return C,D | 10.62% | (27.31)% | 37.72% | 20.72% | 12.35% | |||||
Ratios to Average Net Assets A,E,F | ||||||||||
Expenses before reductions | .96% | 1.21% | 1.29% | 1.34% | 1.26% | |||||
Expenses net of fee waivers, if any | .95% | 1.21% | 1.28% | 1.34% | 1.26% | |||||
Expenses net of all reductions | .95% | 1.21% | 1.28% | 1.33% | 1.25% | |||||
Net investment income (loss) | .41% | .28% | (.34)% | (.18)% | .41% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 73,935 | $ | 68,608 | $ | 99,731 | $ | 63,690 | $ | 52,516 |
Portfolio turnover rate G | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class M |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 25.44 | $ | 39.62 | $ | 31.19 | $ | 27.10 | $ | 26.39 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .04 | .01 | (.22) | (.13) | .03 | |||||
Net realized and unrealized gain (loss) | 2.51 | (9.81) | 11.29 | 5.46 | 2.82 | |||||
Total from investment operations | 2.55 | (9.80) | 11.07 | 5.33 | 2.85 | |||||
Distributions from net investment income | (.02) | - | - | (.04) | - | |||||
Distributions from net realized gain | (1.37) | (4.38) | (2.64) | (1.20) | (2.14) | |||||
Total distributions | (1.39) | (4.38) | (2.64) | (1.24) | (2.14) | |||||
Net asset value, end of period | $ | 26.60 | $ | 25.44 | $ | 39.62 | $ | 31.19 | $ | 27.10 |
Total Return C,D | 10.39% | (27.53)% | 37.37% | 20.40% | 12.05% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.21% | 1.47% | 1.55% | 1.61% | 1.55% | |||||
Expenses net of fee waivers, if any | 1.21% | 1.47% | 1.55% | 1.61% | 1.54% | |||||
Expenses net of all reductions | 1.20% | 1.47% | 1.55% | 1.61% | 1.54% | |||||
Net investment income (loss) | .15% | .02% | (.61)% | (.45)% | .13% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 16,051 | $ | 15,275 | $ | 22,771 | $ | 17,387 | $ | 13,066 |
Portfolio turnover rate G | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class C |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 24.33 | $ | 38.05 | $ | 30.14 | $ | 26.33 | $ | 25.82 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | (.10) | (.15) | (.39) | (.27) | (.10) | |||||
Net realized and unrealized gain (loss) | 2.39 | (9.39) | 10.88 | 5.28 | 2.75 | |||||
Total from investment operations | 2.29 | (9.54) | 10.49 | 5.01 | 2.65 | |||||
Distributions from net realized gain | (1.37) | (4.18) | (2.58) | (1.20) | (2.14) | |||||
Total distributions | (1.37) | (4.18) | (2.58) | (1.20) | (2.14) | |||||
Net asset value, end of period | $ | 25.25 | $ | 24.33 | $ | 38.05 | $ | 30.14 | $ | 26.33 |
Total Return C,D | 9.76% | (27.89)% | 36.63% | 19.76% | 11.49% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | 1.76% | 2.00% | 2.08% | 2.14% | 2.06% | |||||
Expenses net of fee waivers, if any | 1.75% | 2.00% | 2.08% | 2.14% | 2.06% | |||||
Expenses net of all reductions | 1.75% | 2.00% | 2.08% | 2.13% | 2.06% | |||||
Net investment income (loss) | (.39)% | (.51)% | (1.14)% | (.98)% | (.39)% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 7,292 | $ | 8,517 | $ | 13,602 | $ | 11,677 | $ | 10,618 |
Portfolio turnover rate G | 114% | 137% | 96% | 112% | 147% |
Fidelity® Worldwide Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 26.26 | $ | 40.76 | $ | 31.97 | $ | 27.74 | $ | 26.90 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .19 | .18 | (.02) | .03 | .18 | |||||
Net realized and unrealized gain (loss) | 2.57 | (10.09) | 11.58 | 5.58 | 2.89 | |||||
Total from investment operations | 2.76 | (9.91) | 11.56 | 5.61 | 3.07 | |||||
Distributions from net investment income | (.21) | (.16) | (.02) | (.18) | (.09) | |||||
Distributions from net realized gain | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | |||||
Total distributions | (1.58) | (4.59) | (2.77) | (1.38) | (2.23) | |||||
Net asset value, end of period | $ | 27.44 | $ | 26.26 | $ | 40.76 | $ | 31.97 | $ | 27.74 |
Total Return C | 10.95% | (27.12)% | 38.11% | 21.07% | 12.71% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .67% | .92% | 1.00% | 1.05% | .99% | |||||
Expenses net of fee waivers, if any | .66% | .92% | 1.00% | 1.05% | .99% | |||||
Expenses net of all reductions | .66% | .92% | 1.00% | 1.05% | .98% | |||||
Net investment income (loss) | .70% | .57% | (.06)% | .11% | .69% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,982,943 | $ | 1,899,788 | $ | 2,896,684 | $ | 2,217,129 | $ | 2,020,487 |
Portfolio turnover rate F | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class I |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 26.04 | $ | 40.46 | $ | 31.77 | $ | 27.58 | $ | 26.77 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .19 | .17 | (.03) | .03 | .18 | |||||
Net realized and unrealized gain (loss) | 2.56 | (10.01) | 11.49 | 5.55 | 2.86 | |||||
Total from investment operations | 2.75 | (9.84) | 11.46 | 5.58 | 3.04 | |||||
Distributions from net investment income | (.19) | (.16) | (.02) | (.19) | (.09) | |||||
Distributions from net realized gain | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | |||||
Total distributions | (1.56) | (4.58) C | (2.77) | (1.39) | (2.23) | |||||
Net asset value, end of period | $ | 27.23 | $ | 26.04 | $ | 40.46 | $ | 31.77 | $ | 27.58 |
Total Return D | 10.97% | (27.13)% | 38.06% | 21.08% | 12.70% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .67% | .94% | 1.02% | 1.06% | .99% | |||||
Expenses net of fee waivers, if any | .67% | .93% | 1.02% | 1.06% | .99% | |||||
Expenses net of all reductions | .67% | .93% | 1.02% | 1.05% | .98% | |||||
Net investment income (loss) | .69% | .56% | (.08)% | .10% | .69% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 41,289 | $ | 33,226 | $ | 86,852 | $ | 64,615 | $ | 44,754 |
Portfolio turnover rate G | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class Z |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 26.05 | $ | 40.48 | $ | 31.76 | $ | 27.59 | $ | 26.78 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .21 | .02 | .07 | .22 | |||||
Net realized and unrealized gain (loss) | 2.55 | (10.01) | 11.50 | 5.53 | 2.86 | |||||
Total from investment operations | 2.77 | (9.80) | 11.52 | 5.60 | 3.08 | |||||
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 | $ | 27.20 | $ | 26.05 | $ | 40.48 | $ | 31.76 | $ | 27.59 |
Total Return C | 11.10% | (27.05)% | 38.27% | 21.19% | 12.85% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .55% | .81% | .90% | .93% | .85% | |||||
Expenses net of fee waivers, if any | .55% | .81% | .90% | .93% | .84% | |||||
Expenses net of all reductions | .55% | .81% | .90% | .93% | .84% | |||||
Net investment income (loss) | .81% | .68% | .04% | .23% | .83% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 117,232 | $ | 76,829 | $ | 115,963 | $ | 71,278 | $ | 205,197 |
Portfolio turnover rate F | 114% | 137% | 96% | 112% | 147% |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $487,872,947 |
Gross unrealized depreciation | (136,412,978) |
Net unrealized appreciation (depreciation) | $351,459,969 |
Tax Cost | $1,880,418,453 |
Undistributed ordinary income | $20,464,780 |
Net unrealized appreciation (depreciation) on securities and other investments | $351,283,677 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $16,412,086 | $ 81,038,229 |
Long-term Capital Gains | 108,424,728 | 281,092,325 |
Total | $124,836,814 | $ 362,130,554 |
Purchases ($) | Sales ($) | |
Fidelity Worldwide Fund | 2,551,435,027 | 2,628,995,150 |
Distribution Fee | Service Fee | Total Fees | Retained by FDC | |
Class A | - % | .25% | $184,890 | $2,536 |
Class M | .25% | .25% | 81,826 | 193 |
Class C | .75% | .25% | 83,799 | 8,248 |
$350,515 | $10,977 |
Retained by FDC | |
Class A | $ 33,299 |
Class M | 1,274 |
Class CA | 201 |
$ 34,774 |
Amount | % of Class-Level Average Net Assets | |
Class A | $143,500 | .19 |
Class M | 32,992 | .20 |
Class C | 20,497 | .24 |
Worldwide | 3,117,597 | .15 |
Class I | 64,764 | .16 |
Class Z | 38,866 | .04 |
$3,418,216 |
% of Class-Level Average Net Assets | |
Class A | 0.1905% |
Class M | 0.1969% |
Class C | 0.2000% |
Class I | 0.1651% |
Fidelity Worldwide Fund | 0.1475% |
% of Average Net Assets | |
Fidelity Worldwide Fund | .03 |
% of Average Net Assets | |
Fidelity Worldwide Fund | 0.0263% |
Amount | |
Fidelity Worldwide Fund | $ 33,341 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Worldwide Fund | 132,494,440 | 138,598,777 | (1,672,686) |
Amount | |
Fidelity Worldwide Fund | $4,051 |
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 | $9,490 | $- | $- |
Expense reduction | |
Class A | $102 |
Class M | 430 |
Class C | 40 |
$ 572 |
Year ended October 31, 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 | |
Year ended October 31, 2023 | Year ended October 31, 2022 | Year ended October 31, 2023 | Year ended October 31, 2022 | |
Fidelity Worldwide Fund | ||||
Class A | ||||
Shares sold | 398,646 | 425,346 | $10,809,786 | $13,150,315 |
Reinvestment of distributions | 153,659 | 323,585 | 3,866,062 | 11,111,902 |
Shares redeemed | (469,022) | (573,433) | (12,647,071) | (17,987,153) |
Net increase (decrease) | 83,283 | 175,498 | $2,028,777 | $6,275,064 |
Class M | ||||
Shares sold | 50,411 | 63,154 | $1,331,408 | $1,827,369 |
Reinvestment of distributions | 32,920 | 71,924 | 820,689 | 2,446,862 |
Shares redeemed | (80,267) | (109,465) | (2,112,561) | (3,332,351) |
Net increase (decrease) | 3,064 | 25,613 | $39,536 | $941,880 |
Class C | ||||
Shares sold | 30,402 | 49,629 | $765,161 | $1,443,792 |
Reinvestment of distributions | 19,902 | 45,376 | 473,280 | 1,482,892 |
Shares redeemed | (111,594) | (102,345) | (2,847,983) | (2,936,201) |
Net increase (decrease) | (61,290) | (7,340) | $(1,609,542) | $(9,517) |
Worldwide | ||||
Shares sold | 6,385,600 | 5,548,119 | $176,715,594 | $176,262,456 |
Reinvestment of distributions | 4,190,088 | 8,857,534 | 107,266,234 | 309,393,660 |
Shares redeemed | (10,673,714) | (13,126,499) | (292,505,585) | (404,042,333) |
Net increase (decrease) | (98,026) | 1,279,154 | $(8,523,757) | $81,613,783 |
Class I | ||||
Shares sold | 817,991 | 391,287 | $22,120,908 | $11,850,826 |
Reinvestment of distributions | 75,801 | 274,142 | 1,925,343 | 9,499,030 |
Shares redeemed | (653,340) | (1,536,108) | (17,772,257) | (45,074,681) |
Net increase (decrease) | 240,452 | (870,679) | $6,273,994 | $(23,724,825) |
Class Z | ||||
Shares sold | 1,882,153 | 785,358 | $54,181,206 | $23,797,734 |
Reinvestment of distributions | 176,768 | 358,516 | 4,481,057 | 12,415,394 |
Shares redeemed | (699,310) | (1,058,983) | (19,184,778) | (32,578,317) |
Net increase (decrease) | 1,359,611 | 84,891 | $39,477,485 | $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 (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Diversified International Fund | ||||||||||
Fidelity® Diversified International Fund | .57% | |||||||||
Actual | $ 1,000 | $ 930.50 | $ 2.77 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.33 | $ 2.91 | |||||||
Class K | .45% | |||||||||
Actual | $ 1,000 | $ 930.90 | $ 2.19 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.94 | $ 2.29 | |||||||
Fidelity® International Capital Appreciation Fund | .73% | |||||||||
Actual | $ 1,000 | $ 949.60 | $ 3.59 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.53 | $ 3.72 | |||||||
Fidelity® Overseas Fund | ||||||||||
Fidelity® Overseas Fund | .64% | |||||||||
Actual | $ 1,000 | $ 910.00 | $ 3.08 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.98 | $ 3.26 | |||||||
Class K | .54% | |||||||||
Actual | $ 1,000 | $ 910.40 | $ 2.60 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.48 | $ 2.75 | |||||||
Fidelity® Worldwide Fund | ||||||||||
Class A | .90% | |||||||||
Actual | $ 1,000 | $ 1,003.60 | $ 4.55 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.67 | $ 4.58 | |||||||
Class M | 1.15% | |||||||||
Actual | $ 1,000 | $ 1,001.50 | $ 5.80 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.41 | $ 5.85 | |||||||
Class C | 1.69% | |||||||||
Actual | $ 1,000 | $ 998.80 | $ 8.51 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.69 | $ 8.59 | |||||||
Fidelity® Worldwide Fund | .61% | |||||||||
Actual | $ 1,000 | $ 1,004.00 | $ 3.08 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.13 | $ 3.11 | |||||||
Class I | .63% | |||||||||
Actual | $ 1,000 | $ 1,004.10 | $ 3.18 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.03 | $ 3.21 | |||||||
Class Z | .51% | |||||||||
Actual | $ 1,000 | $ 1,005.80 | $ 2.58 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.63 | $ 2.60 | |||||||
Fidelity Diversified International Fund | $280,906,946 |
Fidelity International Capital Appreciation Fund | $0 |
Fidelity Overseas Fund | $0 |
Fidelity Worldwide Fund | $1,011,359 |
Fidelity Diversified International Fund | $0 |
Fidelity International Capital Appreciation Fund | $353,794 |
Fidelity Overseas Fund | $0 |
Fidelity Worldwide Fund | $0 |
Class A | Class M | Class C | Retail Class | Class I | Class Z | Class K | ||
Fidelity Diversified International Fund | ||||||||
December, 2022 | - | - | - | 4% | - | - | 4% | |
Fidelity International Capital Appreciation Fund | ||||||||
December, 2022 | - | - | - | 38% | - | - | - | |
Fidelity Overseas Fund | ||||||||
December, 2022 | - | - | - | 7% | - | - | 7% | |
Fidelity Worldwide Fund | ||||||||
December, 2022 | 100% | 100% | - | 100% | 100% | 100% | - |
Class A | Class M | Class C | Retail Class | Class I | Class Z | Class K | |
Fidelity Diversified International Fund | |||||||
December, 2022 | - | - | - | 100% | - | - | 100% |
Fidelity International Capital Appreciation Fund | |||||||
December, 2022 | - | - | - | 100% | - | - | - |
Fidelity Overseas Fund | |||||||
December, 2022 | - | - | - | 100% | - | - | 100% |
Fidelity Worldwide Fund | |||||||
December, 2022 | 100% | 100% | - | 100% | 100% | 100% | - |
Pay Date | Income | Taxes | |
Fidelity Diversified International Fund | |||
Diversified International | 12/12/22 | $0.2455 | $0.1065 |
Class K | 12/12/22 | $0.2955 | $0.1065 |
Fidelity International Capital Appreciation Fund | |||
12/05/22 | $0.0488 | $0.0388 | |
Fidelity Overseas Fund | |||
Overseas Fund | 12/05/22 | $0.5421 | $0.1521 |
Class K | 12/05/22 | $0.5961 | $0.1521 |
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Past 10 years |
Fidelity® Global Equity Income Fund | 5.36% | 8.57% | 7.41% |
$10,000 Over 10 Years |
Let's say hypothetically that $10,000 was invested in Fidelity® Global Equity Income Fund on October 31, 2013. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 5.4 | |
Microsoft Corp. (United States of America, Software) | 5.3 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 2.7 | |
UnitedHealth Group, Inc. (United States of America, Health Care Providers & Services) | 2.1 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.0 | |
JPMorgan Chase & Co. (United States of America, Banks) | 2.0 | |
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels) | 1.8 | |
Linde PLC (United States of America, Chemicals) | 1.8 | |
Accenture PLC Class A (United States of America, IT Services) | 1.7 | |
Cisco Systems, Inc. (United States of America, Communications Equipment) | 1.5 | |
26.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 21.5 | |
Health Care | 13.5 | |
Financials | 12.1 | |
Consumer Staples | 11.3 | |
Industrials | 9.6 | |
Consumer Discretionary | 9.0 | |
Communication Services | 5.6 | |
Energy | 5.2 | |
Materials | 5.1 | |
Utilities | 3.9 | |
Real Estate | 1.1 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.9% | |||
Shares | Value ($) | ||
Belgium - 0.7% | |||
KBC Group NV | 13,116 | 720,270 | |
UCB SA | 3,631 | 265,326 | |
TOTAL BELGIUM | 985,596 | ||
Brazil - 0.9% | |||
Equatorial Energia SA | 213,360 | 1,337,269 | |
Canada - 4.9% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 34,416 | 1,873,491 | |
Canadian Natural Resources Ltd. | 18,636 | 1,183,404 | |
Constellation Software, Inc. | 362 | 725,699 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 362 | 0 | |
Imperial Oil Ltd. | 18,461 | 1,052,081 | |
Metro, Inc. | 28,700 | 1,457,817 | |
PrairieSky Royalty Ltd. | 55,500 | 974,527 | |
TOTAL CANADA | 7,267,019 | ||
China - 1.9% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 1,587 | 365,572 | |
NXP Semiconductors NV | 12,244 | 2,111,233 | |
SITC International Holdings Co. Ltd. | 183,884 | 283,256 | |
TOTAL CHINA | 2,760,061 | ||
Denmark - 0.4% | |||
DSV A/S | 4,147 | 618,486 | |
Finland - 1.0% | |||
Elisa Corp. (A Shares) | 30,361 | 1,287,569 | |
Neste OYJ | 7,706 | 258,554 | |
TOTAL FINLAND | 1,546,123 | ||
France - 4.2% | |||
Airbus Group NV | 10,002 | 1,341,030 | |
Capgemini SA | 5,752 | 1,016,544 | |
Edenred SA | 26,053 | 1,384,950 | |
LVMH Moet Hennessy Louis Vuitton SE | 2,876 | 2,059,016 | |
VINCI SA | 4,228 | 467,509 | |
TOTAL FRANCE | 6,269,049 | ||
Germany - 2.5% | |||
Deutsche Telekom AG | 51,183 | 1,110,859 | |
Rheinmetall AG | 5,917 | 1,692,914 | |
Siemens AG | 6,233 | 827,112 | |
TOTAL GERMANY | 3,630,885 | ||
Hong Kong - 0.8% | |||
AIA Group Ltd. | 116,272 | 1,009,684 | |
HKBN Ltd. | 448,630 | 155,415 | |
TOTAL HONG KONG | 1,165,099 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 15,354 | 360,009 | |
India - 0.3% | |||
HDFC Bank Ltd. sponsored ADR | 5,839 | 330,195 | |
Redington (India) Ltd. | 71,339 | 122,186 | |
TOTAL INDIA | 452,381 | ||
Japan - 6.5% | |||
Capcom Co. Ltd. | 19,124 | 615,589 | |
Daiichikosho Co. Ltd. | 51,708 | 764,320 | |
FUJIFILM Holdings Corp. | 7,853 | 429,542 | |
Hitachi Ltd. | 13,948 | 884,117 | |
Hoya Corp. | 11,101 | 1,068,678 | |
Inaba Denki Sangyo Co. Ltd. | 35,690 | 744,240 | |
Minebea Mitsumi, Inc. | 31,666 | 496,501 | |
Renesas Electronics Corp. (a) | 59,410 | 780,387 | |
Roland Corp. | 17,640 | 510,042 | |
Shin-Etsu Chemical Co. Ltd. | 35,163 | 1,051,493 | |
Sony Group Corp. | 18,071 | 1,502,403 | |
Toyota Motor Corp. | 46,723 | 817,360 | |
TOTAL JAPAN | 9,664,672 | ||
Kenya - 0.2% | |||
Safaricom Ltd. | 3,575,246 | 295,661 | |
Korea (South) - 1.1% | |||
Samsung Electronics Co. Ltd. | 33,056 | 1,642,919 | |
Luxembourg - 0.1% | |||
L'Occitane Ltd. | 75,000 | 192,767 | |
Sweden - 0.3% | |||
HEXPOL AB (B Shares) | 48,826 | 431,727 | |
Switzerland - 0.5% | |||
Sika AG | 3,049 | 727,014 | |
Taiwan - 2.0% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 179,877 | 2,935,582 | |
United Kingdom - 6.9% | |||
AstraZeneca PLC sponsored ADR | 32,062 | 2,027,280 | |
B&M European Value Retail SA | 159,188 | 1,023,149 | |
BAE Systems PLC | 106,785 | 1,435,872 | |
Compass Group PLC | 40,448 | 1,019,750 | |
Diageo PLC | 17,597 | 665,449 | |
JD Sports Fashion PLC | 365,534 | 566,468 | |
London Stock Exchange Group PLC | 6,500 | 655,818 | |
RELX PLC (London Stock Exchange) | 27,096 | 946,401 | |
RS GROUP PLC | 67,972 | 559,479 | |
Starling Bank Ltd. Series D (a)(b)(c) | 62,800 | 224,411 | |
Unilever PLC | 13,959 | 661,108 | |
WH Smith PLC | 25,717 | 362,590 | |
TOTAL UNITED KINGDOM | 10,147,775 | ||
United States of America - 62.2% | |||
Accenture PLC Class A | 8,462 | 2,513,976 | |
Albertsons Companies, Inc. | 15,339 | 332,856 | |
Amdocs Ltd. | 16,835 | 1,349,494 | |
Ameren Corp. | 10,854 | 821,756 | |
American Tower Corp. | 3,623 | 645,582 | |
Apple, Inc. | 47,143 | 8,050,612 | |
AT&T, Inc. | 29,386 | 452,544 | |
Ball Corp. | 6,100 | 293,715 | |
Bank of America Corp. | 68,823 | 1,812,798 | |
BJ's Wholesale Club Holdings, Inc. (a) | 13,021 | 886,991 | |
Bristol-Myers Squibb Co. | 16,707 | 860,912 | |
Capital One Financial Corp. | 7,894 | 799,583 | |
Chubb Ltd. | 5,037 | 1,081,041 | |
Cisco Systems, Inc. | 41,329 | 2,154,481 | |
Comcast Corp. Class A | 29,739 | 1,227,923 | |
Costco Wholesale Corp. | 1,926 | 1,063,999 | |
Crane Co. | 3,993 | 388,639 | |
Crane Nxt Co. | 3,993 | 207,636 | |
Crown Holdings, Inc. | 10,212 | 823,087 | |
Danaher Corp. | 8,937 | 1,716,083 | |
Dollar Tree, Inc. (a) | 11,285 | 1,253,651 | |
Eli Lilly & Co. | 7,122 | 3,945,089 | |
Estee Lauder Companies, Inc. Class A | 2,745 | 353,748 | |
Experian PLC | 33,484 | 1,013,790 | |
Exxon Mobil Corp. | 25,232 | 2,670,807 | |
Freeport-McMoRan, Inc. | 33,497 | 1,131,529 | |
General Electric Co. | 12,656 | 1,374,821 | |
Gilead Sciences, Inc. | 15,904 | 1,249,100 | |
H&R Block, Inc. | 21,814 | 895,465 | |
Hartford Financial Services Group, Inc. | 19,373 | 1,422,947 | |
Hess Corp. | 6,390 | 922,716 | |
Johnson Controls International PLC | 9,742 | 477,553 | |
JPMorgan Chase & Co. | 20,988 | 2,918,591 | |
Kenvue, Inc. | 11,200 | 208,320 | |
Keurig Dr. Pepper, Inc. | 26,291 | 797,406 | |
Lamar Advertising Co. Class A | 12,117 | 996,866 | |
Linde PLC | 6,898 | 2,636,140 | |
Lowe's Companies, Inc. | 4,211 | 802,490 | |
M&T Bank Corp. | 7,297 | 822,737 | |
McDonald's Corp. | 4,936 | 1,294,071 | |
Merck & Co., Inc. | 14,939 | 1,534,235 | |
Microsoft Corp. | 22,981 | 7,770,106 | |
Mondelez International, Inc. | 10,277 | 680,440 | |
MSCI, Inc. | 927 | 437,127 | |
Nestle SA (Reg. S) | 9,841 | 1,061,241 | |
NextEra Energy, Inc. | 15,658 | 912,861 | |
PG&E Corp. (a) | 17,858 | 291,085 | |
Philip Morris International, Inc. | 8,301 | 740,117 | |
Phillips 66 Co. | 3,035 | 346,202 | |
PNC Financial Services Group, Inc. | 12,351 | 1,413,819 | |
Procter & Gamble Co. | 10,864 | 1,629,926 | |
Roche Holding AG (participation certificate) | 8,339 | 2,149,041 | |
Sanofi SA | 17,432 | 1,582,934 | |
Southern Co. | 13,318 | 896,301 | |
T-Mobile U.S., Inc. | 13,498 | 1,941,822 | |
Tapestry, Inc. | 9,542 | 262,978 | |
Target Corp. | 3,076 | 340,790 | |
The Coca-Cola Co. | 20,060 | 1,133,189 | |
The Travelers Companies, Inc. | 8,020 | 1,342,869 | |
TJX Companies, Inc. | 22,906 | 2,017,331 | |
United Parcel Service, Inc. Class B | 4,501 | 635,766 | |
UnitedHealth Group, Inc. | 5,907 | 3,163,553 | |
Valero Energy Corp. | 2,433 | 308,991 | |
Veralto Corp. | 2,979 | 205,551 | |
Verizon Communications, Inc. | 15,659 | 550,101 | |
Vistra Corp. | 31,150 | 1,019,228 | |
Walmart, Inc. | 6,400 | 1,045,824 | |
WEC Energy Group, Inc. | 5,550 | 451,715 | |
Wells Fargo & Co. | 36,754 | 1,461,707 | |
TOTAL UNITED STATES OF AMERICA | 91,998,395 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 38,907 | 450,864 | |
TOTAL COMMON STOCKS (Cost $124,062,017) | 144,879,353 | ||
Money Market Funds - 2.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) (Cost $2,909,895) | 2,909,314 | 2,909,895 | |
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $126,971,912) | 147,789,248 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 151,176 |
NET ASSETS - 100.0% | 147,940,424 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $224,411 or 0.2% of net assets. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 130,682 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 4,132,184 | 48,555,881 | 49,778,170 | 260,918 | - | - | 2,909,895 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | - | 4,330,885 | 4,330,885 | 5,040 | - | - | - | 0.0% |
Total | 4,132,184 | 52,886,766 | 54,109,055 | 265,958 | - | - | 2,909,895 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 8,401,803 | 5,755,620 | 2,646,183 | - |
Consumer Discretionary | 13,133,113 | 7,224,542 | 5,908,571 | - |
Consumer Staples | 16,744,702 | 13,798,565 | 2,946,137 | - |
Energy | 7,717,282 | 7,717,282 | - | - |
Financials | 17,838,547 | 15,948,634 | 1,665,502 | 224,411 |
Health Care | 19,922,240 | 15,121,587 | 4,800,653 | - |
Industrials | 14,393,037 | 6,966,999 | 7,426,038 | - |
Information Technology | 31,810,397 | 24,883,237 | 6,927,160 | - |
Materials | 7,545,569 | 6,494,076 | 1,051,493 | - |
Real Estate | 1,642,448 | 1,642,448 | - | - |
Utilities | 5,730,215 | 5,730,215 | - | - |
Money Market Funds | 2,909,895 | 2,909,895 | - | - |
Total Investments in Securities: | 147,789,248 | 114,193,100 | 33,371,737 | 224,411 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $124,062,017) | $ | 144,879,353 | ||
Fidelity Central Funds (cost $2,909,895) | 2,909,895 | |||
Total Investment in Securities (cost $126,971,912) | $ | 147,789,248 | ||
Foreign currency held at value (cost $14,239) | 14,010 | |||
Receivable for fund shares sold | 42,579 | |||
Dividends receivable | 175,667 | |||
Reclaims receivable | 160,463 | |||
Distributions receivable from Fidelity Central Funds | 13,341 | |||
Prepaid expenses | 226 | |||
Other receivables | 435 | |||
Total assets | 148,195,969 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 78,931 | ||
Accrued management fee | 84,474 | |||
Transfer agent fee payable | 23,263 | |||
Other affiliated payables | 6,250 | |||
Deferred taxes | 12,800 | |||
Audit fee payable | 45,460 | |||
Other payables and accrued expenses | 4,367 | |||
Total Liabilities | 255,545 | |||
Net Assets | $ | 147,940,424 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 137,745,372 | ||
Total accumulated earnings (loss) | 10,195,052 | |||
Net Assets | $ | 147,940,424 | ||
Net Asset Value, offering price and redemption price per share ($147,940,424 ÷ 9,135,929 shares) | $ | 16.19 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 3,642,658 | ||
Income from Fidelity Central Funds (including $5,040 from security lending) | 265,958 | |||
Income before foreign taxes withheld | $ | 3,908,616 | ||
Less foreign taxes withheld | (194,460) | |||
Total Income | 3,714,156 | |||
Expenses | ||||
Management fee | $ | 1,076,937 | ||
Transfer agent fees | 294,987 | |||
Accounting fees | 79,477 | |||
Custodian fees and expenses | 17,697 | |||
Independent trustees' fees and expenses | 913 | |||
Registration fees | 36,894 | |||
Audit | 90,605 | |||
Legal | 1,716 | |||
Miscellaneous | 723 | |||
Total expenses before reductions | 1,599,949 | |||
Expense reductions | (9,733) | |||
Total expenses after reductions | 1,590,216 | |||
Net Investment income (loss) | 2,123,940 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $11,504) | (461,167) | |||
Foreign currency transactions | (41,478) | |||
Total net realized gain (loss) | (502,645) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $18,979) | 6,182,310 | |||
Assets and liabilities in foreign currencies | 6,917 | |||
Total change in net unrealized appreciation (depreciation) | 6,189,227 | |||
Net gain (loss) | 5,686,582 | |||
Net increase (decrease) in net assets resulting from operations | $ | 7,810,522 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,123,940 | $ | 2,066,441 |
Net realized gain (loss) | (502,645) | (10,168,014) | ||
Change in net unrealized appreciation (depreciation) | 6,189,227 | (14,280,757) | ||
Net increase (decrease) in net assets resulting from operations | 7,810,522 | (22,382,330) | ||
Distributions to shareholders | (2,201,013) | (11,336,009) | ||
Share transactions | ||||
Proceeds from sales of shares | 64,120,579 | 189,149,366 | ||
Reinvestment of distributions | 1,975,864 | 10,521,484 | ||
Cost of shares redeemed | (63,120,560) | (119,515,550) | ||
Net increase (decrease) in net assets resulting from share transactions | 2,975,883 | 80,155,300 | ||
Total increase (decrease) in net assets | 8,585,392 | 46,436,961 | ||
Net Assets | ||||
Beginning of period | 139,355,032 | 92,918,071 | ||
End of period | $ | 147,940,424 | $ | 139,355,032 |
Other Information | ||||
Shares | ||||
Sold | 3,849,023 | 10,942,111 | ||
Issued in reinvestment of distributions | 117,757 | 597,381 | ||
Redeemed | (3,775,132) | (7,288,853) | ||
Net increase (decrease) | 191,648 | 4,250,639 | ||
Fidelity® Global Equity Income Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 15.58 | $ | 19.80 | $ | 15.12 | $ | 14.64 | $ | 13.53 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .22 | .20 | .15 | .16 | .23 | |||||
Net realized and unrealized gain (loss) | .62 | (2.21) | 5.07 | .48 | 1.63 | |||||
Total from investment operations | .84 | (2.01) | 5.22 | .64 | 1.86 | |||||
Distributions from net investment income | (.23) | (.17) | (.16) | (.15) | (.24) | |||||
Distributions from net realized gain | - | (2.04) | (.38) | (.01) | (.51) | |||||
Total distributions | (.23) | (2.21) | (.54) | (.16) | (.75) | |||||
Net asset value, end of period | $ | 16.19 | $ | 15.58 | $ | 19.80 | $ | 15.12 | $ | 14.64 |
Total Return C | 5.36% | (11.45)% | 35.09% | 4.44% | 14.60% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | 1.00% | .98% | 1.02% | 1.09% | 1.09% | |||||
Expenses net of fee waivers, if any | 1.00% | .98% | 1.02% | 1.09% | 1.09% | |||||
Expenses net of all reductions | 1.00% | .98% | 1.02% | 1.09% | 1.08% | |||||
Net investment income (loss) | 1.33% | 1.22% | .84% | 1.08% | 1.72% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 147,940 | $ | 139,355 | $ | 92,918 | $ | 66,715 | $ | 67,764 |
Portfolio turnover rate F | 30% | 61% | 43% | 48% | 20% G |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $31,824,458 |
Gross unrealized depreciation | (11,575,318) |
Net unrealized appreciation (depreciation) | $20,249,140 |
Tax Cost | $127,540,108 |
Undistributed ordinary income | $119,984 |
Capital loss carryforward | $(10,157,487) |
Net unrealized appreciation (depreciation) on securities and other investments | $20,245,354 |
Short-term | $(9,721,612) |
Long-term | (435,875) |
Total capital loss carryforward | $(10,157,487) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $2,201,013 | $1,785,513 |
Long-term Capital Gains | - | 9,550,496 |
Total | $2,201,013 | $11,336,009 |
Purchases ($) | Sales ($) | |
Fidelity Global Equity Income Fund | 50,795,208 | 46,379,309 |
% of Average Net Assets | |
Fidelity Global Equity Income Fund | .05 |
% of Average Net Assets | |
Fidelity Global Equity Income Fund | 0.0498% |
Amount | |
Fidelity Global Equity Income Fund | $491 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Global Equity Income Fund | 4,790,567 | 7,245,026 | 93,659 |
Amount | |
Fidelity Global Equity Income Fund | $288 |
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 | $491 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Global Equity Income Fund | .98% | |||||||||
Actual | $ 1,000 | $ 954.10 | $ 4.83 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.27 | $ 4.99 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Life of Fund A |
Fidelity® Diversified International K6 Fund | 12.12% | 5.70% | 3.92% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Diversified International K6 Fund, on May 25, 2017, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.8 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.5 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.4 | |
HDFC Bank Ltd. (India, Banks) | 2.1 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.9 | |
Linde PLC (United States of America, Chemicals) | 1.9 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 1.9 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.8 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 1.8 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 1.5 | |
20.6 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.6 | |
Industrials | 19.5 | |
Information Technology | 13.9 | |
Health Care | 9.6 | |
Consumer Discretionary | 8.6 | |
Materials | 7.6 | |
Energy | 5.7 | |
Consumer Staples | 5.6 | |
Real Estate | 0.4 | |
Communication Services | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.5% | |||
Shares | Value ($) | ||
Australia - 1.4% | |||
Aristocrat Leisure Ltd. | 555,563 | 13,655,799 | |
Flutter Entertainment PLC (a) | 96,200 | 15,089,338 | |
Glencore PLC | 4,784,752 | 25,344,022 | |
TOTAL AUSTRALIA | 54,089,159 | ||
Belgium - 0.6% | |||
KBC Group NV | 417,578 | 22,931,459 | |
Canada - 7.1% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 658,082 | 35,823,768 | |
Cameco Corp. | 377,665 | 15,449,746 | |
Canadian Natural Resources Ltd. | 781,539 | 49,628,501 | |
Canadian Pacific Kansas City Ltd. | 282,429 | 20,043,986 | |
Constellation Software, Inc. | 21,533 | 43,167,085 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 23,868 | 2 | |
Franco-Nevada Corp. | 180,321 | 21,936,292 | |
GFL Environmental, Inc. | 815,655 | 23,507,177 | |
Imperial Oil Ltd. | 374,815 | 21,360,468 | |
Ivanhoe Mines Ltd. (a) | 1,566,714 | 11,546,290 | |
Lumine Group, Inc. | 67,474 | 848,564 | |
MEG Energy Corp. (a) | 685,909 | 13,552,484 | |
Thomson Reuters Corp. | 136,904 | 16,398,863 | |
Tourmaline Oil Corp. (c) | 183,604 | 9,708,802 | |
TOTAL CANADA | 282,972,028 | ||
China - 1.0% | |||
Anta Sports Products Ltd. | 363,124 | 4,106,748 | |
Chervon Holdings Ltd. | 1,416,248 | 3,488,289 | |
Li Ning Co. Ltd. | 1,456,501 | 4,463,307 | |
NXP Semiconductors NV | 161,869 | 27,911,072 | |
TOTAL CHINA | 39,969,416 | ||
Denmark - 3.7% | |||
Carlsberg A/S Series B | 129,917 | 15,482,627 | |
DSV A/S | 207,621 | 30,964,706 | |
Novo Nordisk A/S Series B | 1,051,779 | 101,471,679 | |
TOTAL DENMARK | 147,919,012 | ||
France - 10.0% | |||
Air Liquide SA | 218,870 | 37,503,867 | |
Airbus Group NV | 231,895 | 31,091,604 | |
AXA SA | 941,920 | 27,909,490 | |
BNP Paribas SA | 634,829 | 36,505,223 | |
Capgemini SA | 237,774 | 42,021,511 | |
Edenred SA | 167,578 | 8,908,269 | |
EssilorLuxottica SA | 222,388 | 40,153,084 | |
Legrand SA | 245,577 | 21,243,978 | |
LVMH Moet Hennessy Louis Vuitton SE | 133,923 | 95,879,570 | |
Pernod Ricard SA | 249,625 | 44,241,475 | |
Sartorius Stedim Biotech | 8,760 | 1,636,434 | |
Thales SA | 79,918 | 11,766,696 | |
Worldline SA (a)(d) | 155,000 | 1,964,786 | |
TOTAL FRANCE | 400,825,987 | ||
Germany - 6.2% | |||
Allianz SE | 248,347 | 58,173,433 | |
Bayer AG | 186,382 | 8,053,299 | |
Deutsche Borse AG | 148,299 | 24,409,491 | |
DHL Group | 859,252 | 33,421,256 | |
Hannover Reuck SE | 126,632 | 27,909,975 | |
Infineon Technologies AG | 562,569 | 16,432,764 | |
Merck KGaA | 223,929 | 33,728,306 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 73,535 | 29,450,095 | |
SAP SE | 30,300 | 4,064,210 | |
Siemens Healthineers AG (d) | 254,239 | 12,460,556 | |
TOTAL GERMANY | 248,103,385 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (a) | 1,677,838 | 4,953,144 | |
Hong Kong - 1.4% | |||
AIA Group Ltd. | 6,455,989 | 56,062,569 | |
India - 3.5% | |||
Axis Bank Ltd. | 1,195,509 | 14,102,591 | |
Fairfax India Holdings Corp. (a)(d) | 598,691 | 7,298,043 | |
HDFC Bank Ltd. | 4,825,351 | 85,598,182 | |
HDFC Standard Life Insurance Co. Ltd. (d) | 531,100 | 3,944,195 | |
Reliance Industries Ltd. | 1,037,211 | 28,512,533 | |
TOTAL INDIA | 139,455,544 | ||
Indonesia - 1.0% | |||
PT Bank Central Asia Tbk | 37,865,723 | 20,861,009 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 66,613,980 | 20,829,119 | |
TOTAL INDONESIA | 41,690,128 | ||
Ireland - 0.9% | |||
Kingspan Group PLC (Ireland) | 282,056 | 18,945,190 | |
Ryanair Holdings PLC sponsored ADR (a) | 107,507 | 9,428,364 | |
Smurfit Kappa Group PLC | 231,105 | 7,516,920 | |
TOTAL IRELAND | 35,890,474 | ||
Israel - 0.4% | |||
NICE Ltd. sponsored ADR (a) | 91,811 | 14,171,028 | |
Italy - 1.4% | |||
FinecoBank SpA | 1,573,445 | 18,504,943 | |
UniCredit SpA | 1,477,163 | 37,031,908 | |
TOTAL ITALY | 55,536,851 | ||
Japan - 16.3% | |||
Bandai Namco Holdings, Inc. | 462,156 | 9,575,187 | |
BayCurrent Consulting, Inc. | 274,573 | 6,893,637 | |
CUC, Inc. (a)(c) | 22,306 | 382,503 | |
Daikin Industries Ltd. | 49,962 | 7,203,468 | |
Fast Retailing Co. Ltd. | 18,284 | 4,048,012 | |
FUJIFILM Holdings Corp. | 508,525 | 27,815,201 | |
Fujitsu Ltd. | 87,118 | 11,285,923 | |
Hitachi Ltd. | 1,169,359 | 74,121,724 | |
Hoya Corp. | 491,893 | 47,353,861 | |
Itochu Corp. | 1,142,349 | 41,148,589 | |
Keyence Corp. | 107,081 | 41,453,059 | |
Marui Group Co. Ltd. | 128,076 | 2,025,284 | |
Minebea Mitsumi, Inc. | 1,792,123 | 28,099,240 | |
Misumi Group, Inc. | 763,427 | 11,557,264 | |
Nomura Research Institute Ltd. | 480,186 | 12,604,861 | |
NSD Co. Ltd. | 71,558 | 1,245,030 | |
ORIX Corp. | 1,565,026 | 28,462,113 | |
Persol Holdings Co. Ltd. | 9,783,682 | 14,669,809 | |
Relo Group, Inc. | 783,842 | 7,771,075 | |
Renesas Electronics Corp. (a) | 415,559 | 5,458,625 | |
Resona Holdings, Inc. | 838,003 | 4,477,720 | |
Seven & i Holdings Co. Ltd. | 320,832 | 11,754,871 | |
Shin-Etsu Chemical Co. Ltd. | 2,044,411 | 61,134,796 | |
SMC Corp. | 70,713 | 32,652,656 | |
SMS Co., Ltd. | 124,238 | 1,971,398 | |
Sony Group Corp. | 628,762 | 52,274,572 | |
Sumitomo Mitsui Financial Group, Inc. | 912,654 | 43,997,205 | |
Suzuki Motor Corp. | 290,487 | 11,274,385 | |
TechnoPro Holdings, Inc. | 378,985 | 7,508,015 | |
TIS, Inc. | 425,160 | 9,104,739 | |
Tokyo Electron Ltd. | 249,184 | 32,926,599 | |
TOTAL JAPAN | 652,251,421 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 648,979 | 32,254,965 | |
Netherlands - 6.4% | |||
Argenx SE (a) | 46,253 | 21,756,560 | |
ASML Holding NV (depository receipt) | 189,338 | 113,377,486 | |
BE Semiconductor Industries NV | 103,317 | 10,636,808 | |
IMCD NV | 225,900 | 27,129,314 | |
Shell PLC (London) | 752,082 | 24,237,236 | |
Wolters Kluwer NV | 457,624 | 58,638,067 | |
TOTAL NETHERLANDS | 255,775,471 | ||
Norway - 0.5% | |||
Equinor ASA | 608,020 | 20,382,786 | |
Spain - 1.7% | |||
Banco Santander SA (Spain) | 5,179,761 | 18,996,124 | |
CaixaBank SA | 6,354,425 | 25,834,177 | |
Industria de Diseno Textil SA (c) | 616,105 | 21,219,368 | |
TOTAL SPAIN | 66,049,669 | ||
Sweden - 2.0% | |||
Autoliv, Inc. | 106,961 | 9,802,976 | |
Indutrade AB | 1,825,977 | 32,250,211 | |
Investor AB (B Shares) | 2,104,083 | 38,528,689 | |
Kry International AB (a)(b)(e) | 663 | 24,336 | |
TOTAL SWEDEN | 80,606,212 | ||
Switzerland - 2.0% | |||
Compagnie Financiere Richemont SA Series A | 113,713 | 13,415,350 | |
Partners Group Holding AG | 12,089 | 12,715,611 | |
Sika AG | 120,184 | 28,657,076 | |
UBS Group AG | 329,368 | 7,683,383 | |
Zurich Insurance Group Ltd. | 36,943 | 17,487,666 | |
TOTAL SWITZERLAND | 79,959,086 | ||
Taiwan - 1.3% | |||
ECLAT Textile Co. Ltd. | 293,000 | 4,659,868 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 525,964 | 45,395,953 | |
TOTAL TAIWAN | 50,055,821 | ||
United Kingdom - 13.4% | |||
3i Group PLC | 529,928 | 12,494,425 | |
AstraZeneca PLC (United Kingdom) | 622,605 | 77,952,482 | |
B&M European Value Retail SA | 5,335,219 | 34,291,051 | |
BAE Systems PLC | 3,844,379 | 51,692,989 | |
Beazley PLC | 1,790,680 | 11,198,000 | |
Big Yellow Group PLC | 793,696 | 9,212,864 | |
Cab Payments Holdings Ltd. | 1,161,225 | 863,783 | |
Compass Group PLC | 1,219,995 | 30,757,765 | |
Diageo PLC | 1,116,581 | 42,224,655 | |
Games Workshop Group PLC | 74,962 | 8,997,366 | |
Hiscox Ltd. | 1,739,409 | 19,830,865 | |
JD Sports Fashion PLC | 4,800,334 | 7,439,072 | |
London Stock Exchange Group PLC | 408,415 | 41,207,070 | |
RELX PLC (Euronext N.V.) | 2,041,166 | 71,077,627 | |
Rentokil Initial PLC | 5,051,782 | 25,726,153 | |
RS GROUP PLC | 1,169,966 | 9,630,022 | |
Sage Group PLC | 1,980,395 | 23,363,032 | |
Smith & Nephew PLC | 1,764,794 | 19,750,046 | |
Standard Chartered PLC (United Kingdom) | 2,014,049 | 15,422,248 | |
Starling Bank Ltd. Series D (a)(b)(e) | 2,406,800 | 8,600,514 | |
WPP PLC | 1,664,054 | 14,329,554 | |
TOTAL UNITED KINGDOM | 536,061,583 | ||
United States of America - 11.1% | |||
Aon PLC | 56,587 | 17,508,018 | |
CRH PLC | 441,406 | 23,718,971 | |
Experian PLC | 577,173 | 17,474,986 | |
Ferguson PLC | 272,478 | 40,834,911 | |
ICON PLC (a) | 84,126 | 20,523,379 | |
Linde PLC | 195,261 | 74,620,944 | |
Marsh & McLennan Companies, Inc. | 219,822 | 41,689,242 | |
Marvell Technology, Inc. | 542,203 | 25,602,826 | |
MasterCard, Inc. Class A | 77,728 | 29,252,933 | |
Nestle SA (Reg. S) | 646,727 | 69,742,251 | |
S&P Global, Inc. | 96,149 | 33,585,807 | |
Sanofi SA | 38,755 | 3,519,195 | |
Schlumberger Ltd. | 822,478 | 45,779,125 | |
TOTAL UNITED STATES OF AMERICA | 443,852,588 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 948,150 | 10,987,395 | |
TOTAL COMMON STOCKS (Cost $3,266,330,749) | 3,772,807,181 | ||
Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.4% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(b)(e) | 21,668 | 2,559,102 | |
United States of America - 0.3% | |||
Wasabi Holdings, Inc.: | |||
Series C (a)(b)(e) | 743,562 | 8,513,785 | |
Series D (a)(b)(e) | 304,085 | 4,555,193 | |
13,068,978 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 15,628,080 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(e) | 3,828 | 140,509 | |
TOTAL PREFERRED STOCKS (Cost $19,777,817) | 15,768,589 | ||
Money Market Funds - 4.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 177,705,198 | 177,740,739 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 18,662,558 | 18,664,424 | |
TOTAL MONEY MARKET FUNDS (Cost $196,404,541) | 196,405,163 | ||
TOTAL INVESTMENT IN SECURITIES - 99.8% (Cost $3,482,513,107) | 3,984,980,933 |
NET OTHER ASSETS (LIABILITIES) - 0.2% | 6,626,620 |
NET ASSETS - 100.0% | 3,991,607,553 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security or a portion of the security is on loan at period end. |
(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 $25,667,580 or 0.6% 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 $24,393,439 or 0.6% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 165,418,854 | 686,636,647 | 674,314,761 | 8,326,560 | - | (1) | 177,740,739 | 0.4% |
Fidelity Securities Lending Cash Central Fund 5.40% | 39,190,867 | 948,112,530 | 968,638,973 | 448,664 | - | - | 18,664,424 | 0.1% |
Total | 204,609,721 | 1,634,749,177 | 1,642,953,734 | 8,775,224 | - | (1) | 196,405,163 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 14,329,554 | - | 14,329,554 | - |
Consumer Discretionary | 344,438,023 | 96,839,171 | 247,598,852 | - |
Consumer Staples | 219,269,647 | 80,065,243 | 139,204,404 | - |
Energy | 228,611,681 | 155,479,126 | 73,132,555 | - |
Financials | 939,208,801 | 386,683,083 | 543,925,204 | 8,600,514 |
Health Care | 388,741,384 | 108,501,759 | 280,239,625 | - |
Industrials | 777,091,900 | 421,511,376 | 355,580,524 | - |
Information Technology | 556,934,268 | 304,473,854 | 236,667,487 | 15,792,927 |
Materials | 302,966,573 | 178,983,888 | 123,982,685 | - |
Real Estate | 16,983,939 | 9,212,864 | 7,771,075 | - |
Money Market Funds | 196,405,163 | 196,405,163 | - | - |
Total Investments in Securities: | 3,984,980,933 | 1,938,155,527 | 2,022,431,965 | 24,393,441 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $17,417,418) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,286,108,566) | $ | 3,788,575,770 | ||
Fidelity Central Funds (cost $196,404,541) | 196,405,163 | |||
Total Investment in Securities (cost $3,482,513,107) | $ | 3,984,980,933 | ||
Cash | 1,297,184 | |||
Receivable for investments sold | 10,038,995 | |||
Receivable for fund shares sold | 5,399,636 | |||
Dividends receivable | 7,560,184 | |||
Reclaims receivable | 9,796,371 | |||
Distributions receivable from Fidelity Central Funds | 685,627 | |||
Other receivables | 195,082 | |||
Total assets | 4,019,954,012 | |||
Liabilities | ||||
Payable to custodian bank | $ | 7,987 | ||
Payable for investments purchased | 4,329,925 | |||
Payable for fund shares redeemed | 1,450,285 | |||
Accrued management fee | 2,018,723 | |||
Deferred taxes | 1,719,886 | |||
Other payables and accrued expenses | 155,229 | |||
Collateral on securities loaned | 18,664,424 | |||
Total Liabilities | 28,346,459 | |||
Net Assets | $ | 3,991,607,553 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,761,137,493 | ||
Total accumulated earnings (loss) | 230,470,060 | |||
Net Assets | $ | 3,991,607,553 | ||
Net Asset Value, offering price and redemption price per share ($3,991,607,553 ÷ 329,713,938 shares) | $ | 12.11 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 89,951,762 | ||
Income from Fidelity Central Funds (including $448,664 from security lending) | 8,775,224 | |||
Income before foreign taxes withheld | $ | 98,726,986 | ||
Less foreign taxes withheld | (8,102,976) | |||
Total Income | 90,624,010 | |||
Expenses | ||||
Management fee | $ | 25,085,776 | ||
Independent trustees' fees and expenses | 22,997 | |||
Total expenses before reductions | 25,108,773 | |||
Expense reductions | (780) | |||
Total expenses after reductions | 25,107,993 | |||
Net Investment income (loss) | 65,516,017 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $830,792) | (49,295,762) | |||
Redemptions in-kind | 20,002,624 | |||
Foreign currency transactions | (487,056) | |||
Total net realized gain (loss) | (29,780,194) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $1,271,800) | 394,803,232 | |||
Fidelity Central Funds | (1) | |||
Assets and liabilities in foreign currencies | 607,280 | |||
Total change in net unrealized appreciation (depreciation) | 395,410,511 | |||
Net gain (loss) | 365,630,317 | |||
Net increase (decrease) in net assets resulting from operations | $ | 431,146,334 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 65,516,017 | $ | 46,223,928 |
Net realized gain (loss) | (29,780,194) | (175,880,317) | ||
Change in net unrealized appreciation (depreciation) | 395,410,511 | (1,165,207,771) | ||
Net increase (decrease) in net assets resulting from operations | 431,146,334 | (1,294,864,160) | ||
Distributions to shareholders | (31,800,731) | (40,087,762) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,065,259,894 | 1,845,177,962 | ||
Reinvestment of distributions | 31,800,731 | 40,087,762 | ||
Cost of shares redeemed | (988,215,923) | (1,028,832,082) | ||
Net increase (decrease) in net assets resulting from share transactions | 108,844,702 | 856,433,642 | ||
Total increase (decrease) in net assets | 508,190,305 | (478,518,280) | ||
Net Assets | ||||
Beginning of period | 3,483,417,248 | 3,961,935,528 | ||
End of period | $ | 3,991,607,553 | $ | 3,483,417,248 |
Other Information | ||||
Shares | ||||
Sold | 84,964,159 | 141,560,986 | ||
Issued in reinvestment of distributions | 2,652,271 | 2,683,250 | ||
Redeemed | (77,852,831) | (80,800,526) | ||
Net increase (decrease) | 9,763,599 | 63,443,710 | ||
Fidelity® Diversified International K6 Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.89 | $ | 15.45 | $ | 11.96 | $ | 11.08 | $ | 9.69 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .20 | .15 | .10 | .08 | .16 | |||||
Net realized and unrealized gain (loss) | 1.12 | (4.56) | 3.47 | .98 | 1.36 | |||||
Total from investment operations | 1.32 | (4.41) | 3.57 | 1.06 | 1.52 | |||||
Distributions from net investment income | (.10) | (.15) | (.08) | (.15) | (.13) | |||||
Distributions from net realized gain | - | - | - | (.03) | - | |||||
Total distributions | (.10) | (.15) | (.08) | (.18) | (.13) | |||||
Net asset value, end of period | $ | 12.11 | $ | 10.89 | $ | 15.45 | $ | 11.96 | $ | 11.08 |
Total Return C | 12.12% | (28.81)% | 30.00% | 9.70% | 15.89% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .60% | .60% | .60% | .60% | .60% | |||||
Expenses net of fee waivers, if any | .60% | .60% | .60% | .60% | .60% | |||||
Expenses net of all reductions | .60% | .60% | .60% | .59% | .59% | |||||
Net investment income (loss) | 1.57% | 1.21% | .73% | .73% | 1.59% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 3,991,608 | $ | 3,483,417 | $ | 3,961,936 | $ | 3,102,294 | $ | 2,977,388 |
Portfolio turnover rate F | 25% G | 31% G | 30% G | 34% | 48% G |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $722,705,742 |
Gross unrealized depreciation | (228,863,228) |
Net unrealized appreciation (depreciation) | $493,842,514 |
Tax Cost | $3,491,138,419 |
Undistributed ordinary income | $67,443,685 |
Capital loss carryforward | $(328,752,646) |
Net unrealized appreciation (depreciation) on securities and other investments | $493,498,907 |
Short-term | $(309,317,588) |
Long-term | (19,435,058) |
Total capital loss carryforward | $(328,752,646) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $31,800,731 | $40,087,762 |
Purchases ($) | Sales ($) | |
Fidelity Diversified International K6 Fund | 982,754,296 | 1,139,783,032 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 4,361,678 | 20,002,624 | 56,570,957 |
Shares | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 26,855,137 | 332,235,591 |
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 | $1,185 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Diversified International K6 Fund | 26,206,163 | 42,719,919 | (3,015,409) |
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 | $48,292 | $ - | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Diversified International K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 931.50 | $ 2.92 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.18 | $ 3.06 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Life of Fund A |
Fidelity® Series Canada Fund | 1.54% | 8.25% | 6.76% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® Series Canada Fund, on August 15, 2017, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI Canada Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
The Toronto-Dominion Bank (Banks) | 7.3 | |
Canadian Pacific Kansas City Ltd. (Ground Transportation) | 6.3 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 6.0 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Consumer Staples Distribution & Retail) | 5.6 | |
Bank of Montreal (Banks) | 4.6 | |
Constellation Software, Inc. (Software) | 4.0 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 3.9 | |
PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) | 3.9 | |
Royal Bank of Canada (Banks) | 3.9 | |
Franco-Nevada Corp. (Metals & Mining) | 3.8 | |
49.3 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 27.4 | |
Energy | 19.5 | |
Industrials | 13.5 | |
Materials | 10.8 | |
Consumer Staples | 9.0 | |
Information Technology | 7.7 | |
Consumer Discretionary | 6.5 | |
Communication Services | 2.8 | |
Health Care | 0.7 | |
Utilities | 0.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.6% | |||
Diversified Telecommunication Services - 1.4% | |||
Quebecor, Inc.: | |||
Class A | 2,102,000 | 45,867,330 | |
Class B (sub. vtg.) | 968,400 | 19,979,033 | |
65,846,363 | |||
Wireless Telecommunication Services - 1.2% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 1,422,300 | 52,697,151 | |
TOTAL COMMUNICATION SERVICES | 118,543,514 | ||
CONSUMER DISCRETIONARY - 6.5% | |||
Automobile Components - 0.7% | |||
Magna International, Inc. Class A (sub. vtg.) | 699,000 | 33,590,308 | |
Broadline Retail - 2.8% | |||
Dollarama, Inc. | 1,873,700 | 127,953,409 | |
Hotels, Restaurants & Leisure - 2.4% | |||
Restaurant Brands International, Inc. | 1,582,600 | 106,305,527 | |
Specialty Retail - 0.4% | |||
Aritzia, Inc. (a) | 702,700 | 10,930,044 | |
Diversified Royalty Corp. (b) | 4,302,900 | 7,539,965 | |
18,470,009 | |||
Textiles, Apparel & Luxury Goods - 0.2% | |||
Canada Goose Holdings, Inc. (a)(b) | 642,323 | 7,123,799 | |
TOTAL CONSUMER DISCRETIONARY | 293,443,052 | ||
CONSUMER STAPLES - 9.0% | |||
Beverages - 0.1% | |||
GURU Organic Energy Corp. (a)(c) | 1,628,634 | 2,630,712 | |
Consumer Staples Distribution & Retail - 8.6% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 4,647,600 | 252,999,693 | |
Metro, Inc. | 1,974,400 | 100,289,696 | |
North West Co., Inc. | 1,392,600 | 35,509,166 | |
388,798,555 | |||
Personal Care Products - 0.3% | |||
Jamieson Wellness, Inc. (d) | 855,600 | 14,048,684 | |
TOTAL CONSUMER STAPLES | 405,477,951 | ||
ENERGY - 19.5% | |||
Energy Equipment & Services - 0.7% | |||
Pason Systems, Inc. | 3,272,200 | 31,359,321 | |
Oil, Gas & Consumable Fuels - 18.8% | |||
Cameco Corp. | 1,173,500 | 48,006,241 | |
Canadian Natural Resources Ltd. | 4,301,500 | 273,149,515 | |
Enbridge, Inc. | 3,091,300 | 99,064,267 | |
Parkland Corp. | 2,485,100 | 75,211,572 | |
PrairieSky Royalty Ltd. (b) | 10,035,080 | 176,206,380 | |
Suncor Energy, Inc. (b) | 5,479,300 | 177,447,531 | |
849,085,506 | |||
TOTAL ENERGY | 880,444,827 | ||
FINANCIALS - 27.4% | |||
Banks - 15.8% | |||
Bank of Montreal (b) | 2,744,500 | 207,388,610 | |
Royal Bank of Canada (b) | 2,192,600 | 175,123,401 | |
The Toronto-Dominion Bank | 5,913,230 | 330,296,589 | |
712,808,600 | |||
Capital Markets - 5.2% | |||
Brookfield Asset Management Ltd. Class A (b) | 2,387,672 | 68,440,571 | |
Brookfield Corp. (Canada) Class A (b) | 3,333,888 | 97,125,708 | |
TMX Group Ltd. | 3,258,300 | 67,856,286 | |
233,422,565 | |||
Insurance - 6.4% | |||
Definity Financial Corp. | 2,405,624 | 66,509,194 | |
Intact Financial Corp. | 669,700 | 94,093,635 | |
Sun Life Financial, Inc. | 2,848,200 | 130,091,933 | |
290,694,762 | |||
TOTAL FINANCIALS | 1,236,925,927 | ||
HEALTH CARE - 0.7% | |||
Health Care Providers & Services - 0.7% | |||
Andlauer Healthcare Group, Inc. | 934,870 | 26,183,776 | |
dentalcorp Holdings Ltd. (a) | 1,001,569 | 3,972,331 | |
30,156,107 | |||
INDUSTRIALS - 13.5% | |||
Commercial Services & Supplies - 2.3% | |||
GFL Environmental, Inc. | 3,579,014 | 103,105,541 | |
Ground Transportation - 9.0% | |||
Canadian National Railway Co. | 1,162,800 | 123,034,176 | |
Canadian Pacific Kansas City Ltd. | 4,014,921 | 285,061,562 | |
408,095,738 | |||
Professional Services - 2.2% | |||
Thomson Reuters Corp. (b) | 827,900 | 99,168,898 | |
TOTAL INDUSTRIALS | 610,370,177 | ||
INFORMATION TECHNOLOGY - 7.7% | |||
IT Services - 2.7% | |||
Shopify, Inc. Class A (a) | 2,616,800 | 123,579,760 | |
Software - 5.0% | |||
ApplyBoard, Inc. (a)(e)(f) | 10,248 | 581,369 | |
ApplyBoard, Inc. (non-vtg.) (a)(e)(f) | 2,527 | 143,357 | |
Computer Modelling Group Ltd. | 2,248,400 | 14,851,519 | |
Constellation Software, Inc. | 90,600 | 181,625,315 | |
Constellation Software, Inc. warrants 8/22/28 (a)(f) | 48,000 | 3 | |
Dye & Durham Ltd. (c) | 3,696,700 | 21,565,749 | |
Lumine Group, Inc. | 439,640 | 5,528,986 | |
224,296,298 | |||
TOTAL INFORMATION TECHNOLOGY | 347,876,058 | ||
MATERIALS - 10.8% | |||
Chemicals - 2.2% | |||
Nutrien Ltd. | 1,868,478 | 100,352,797 | |
Containers & Packaging - 1.0% | |||
CCL Industries, Inc.: | |||
Class A | 155,800 | 6,121,898 | |
Class B | 984,800 | 38,504,313 | |
44,626,211 | |||
Metals & Mining - 6.9% | |||
Franco-Nevada Corp. | 1,411,919 | 171,761,843 | |
Lundin Mining Corp. | 4,905,900 | 30,636,448 | |
Triple Flag Precious Metals Corp. | 893,300 | 11,356,682 | |
Wheaton Precious Metals Corp. | 2,390,900 | 100,980,720 | |
314,735,693 | |||
Paper & Forest Products - 0.7% | |||
Stella-Jones, Inc. | 572,500 | 29,988,390 | |
Western Forest Products, Inc. | 1,709,808 | 887,732 | |
30,876,122 | |||
TOTAL MATERIALS | 490,590,823 | ||
UTILITIES - 0.2% | |||
Independent Power and Renewable Electricity Producers - 0.2% | |||
Brookfield Renewable Corp. | 336,500 | 7,658,740 | |
TOTAL COMMON STOCKS (Cost $3,438,316,068) | 4,421,487,176 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.0% | |||
Software - 0.0% | |||
ApplyBoard, Inc.: | |||
Series A1 (a)(e)(f) | 12,606 | 715,138 | |
Series A2 (a)(e)(f) | 9,868 | 559,812 | |
Series A3 (a)(e)(f) | 563 | 31,939 | |
Series D (a)(e)(f) | 27,521 | 1,561,266 | |
Series Seed (a)(e)(f) | 3,768 | 213,759 | |
(Cost $4,705,692) | 3,081,914 | ||
Convertible Bonds - 0.2% | |||
Principal Amount (g) | Value ($) | ||
COMMUNICATION SERVICES - 0.2% | |||
Entertainment - 0.2% | |||
Cineplex, Inc. 5.75% 9/30/25 (d) (Cost $8,538,338) | CAD | 12,136,000 | 8,663,883 |
Money Market Funds - 5.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (h) | 11,235,482 | 11,237,729 | |
Fidelity Securities Lending Cash Central Fund 5.40% (h)(i) | 223,136,563 | 223,158,876 | |
TOTAL MONEY MARKET FUNDS (Cost $234,396,605) | 234,396,605 | ||
TOTAL INVESTMENT IN SECURITIES - 103.3% (Cost $3,685,956,703) | 4,667,629,578 |
NET OTHER ASSETS (LIABILITIES) - (3.3)% | (150,070,447) |
NET ASSETS - 100.0% | 4,517,559,131 |
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 $22,712,567 or 0.5% 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 $3,806,640 or 0.1% of net assets. |
(f) | Level 3 security |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 4,119,421 | 738,320,709 | 731,202,401 | 366,778 | - | - | 11,237,729 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 772,969,944 | 6,990,429,407 | 7,540,240,475 | 2,204,704 | - | - | 223,158,876 | 0.9% |
Total | 777,089,365 | 7,728,750,116 | 8,271,442,876 | 2,571,482 | - | - | 234,396,605 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Dye & Durham Ltd. | 30,860,121 | 8,344,466 | 4,934,864 | 121,983 | (2,815,500) | (9,888,474) | 21,565,749 |
GURU Organic Energy Corp. | 5,007,698 | - | 444,751 | - | (2,459,782) | 527,547 | 2,630,712 |
Total | 35,867,819 | 8,344,466 | 5,379,615 | 121,983 | (5,275,282) | (9,360,927) | 24,196,461 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 118,543,514 | 118,543,514 | - | - |
Consumer Discretionary | 293,443,052 | 293,443,052 | - | - |
Consumer Staples | 405,477,951 | 405,477,951 | - | - |
Energy | 880,444,827 | 880,444,827 | - | - |
Financials | 1,236,925,927 | 1,236,925,927 | - | - |
Health Care | 30,156,107 | 30,156,107 | - | - |
Industrials | 610,370,177 | 610,370,177 | - | - |
Information Technology | 350,957,972 | 347,151,329 | - | 3,806,643 |
Materials | 490,590,823 | 490,590,823 | - | - |
Utilities | 7,658,740 | 7,658,740 | - | - |
Corporate Bonds | 8,663,883 | - | 8,663,883 | - |
Money Market Funds | 234,396,605 | 234,396,605 | - | - |
Total Investments in Securities: | 4,667,629,578 | 4,655,159,052 | 8,663,883 | 3,806,643 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $212,257,307) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,398,715,112) | $ | 4,409,036,512 | ||
Fidelity Central Funds (cost $234,396,605) | 234,396,605 | |||
Other affiliated issuers (cost $52,844,986) | 24,196,461 | |||
Total Investment in Securities (cost $3,685,956,703) | $ | 4,667,629,578 | ||
Cash | 37,314 | |||
Foreign currency held at value (cost $73,225,363) | 72,079,574 | |||
Receivable for investments sold | 7,226,086 | |||
Receivable for fund shares sold | 22,257,280 | |||
Dividends receivable | 8,347,063 | |||
Interest receivable | 44,117 | |||
Distributions receivable from Fidelity Central Funds | 239,153 | |||
Total assets | 4,777,860,165 | |||
Liabilities | ||||
Payable for investments purchased | $ | 20,685,152 | ||
Payable for fund shares redeemed | 16,443,929 | |||
Other payables and accrued expenses | 14,848 | |||
Collateral on securities loaned | 223,157,105 | |||
Total Liabilities | 260,301,034 | |||
Net Assets | $ | 4,517,559,131 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,449,221,498 | ||
Total accumulated earnings (loss) | 1,068,337,633 | |||
Net Assets | $ | 4,517,559,131 | ||
Net Asset Value, offering price and redemption price per share ($4,517,559,131 ÷ 342,930,034 shares) | $ | 13.17 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends (including $121,983 earned from affiliated issuers) | $ | 142,301,157 | ||
Interest | 953,131 | |||
Income from Fidelity Central Funds (including $2,204,704 from security lending) | 2,571,482 | |||
Income before foreign taxes withheld | $ | 145,825,770 | ||
Less foreign taxes withheld | (21,443,941) | |||
Total Income | 124,381,829 | |||
Expenses | ||||
Custodian fees and expenses | $ | 46,266 | ||
Independent trustees' fees and expenses | 29,983 | |||
Interest | 340,956 | |||
Total Expenses | 417,205 | |||
Net Investment income (loss) | 123,964,624 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 82,671,610 | |||
Redemptions in-kind | 69,630,912 | |||
Affiliated issuers | (5,275,282) | |||
Foreign currency transactions | (7,424,764) | |||
Total net realized gain (loss) | 139,602,476 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (105,822,545) | |||
Affiliated issuers | (9,360,926) | |||
Assets and liabilities in foreign currencies | (1,168,006) | |||
Total change in net unrealized appreciation (depreciation) | (116,351,477) | |||
Net gain (loss) | 23,250,999 | |||
Net increase (decrease) in net assets resulting from operations | $ | 147,215,623 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 123,964,624 | $ | 133,720,673 |
Net realized gain (loss) | 139,602,476 | 50,400,505 | ||
Change in net unrealized appreciation (depreciation) | (116,351,477) | (624,986,211) | ||
Net increase (decrease) in net assets resulting from operations | 147,215,623 | (440,865,033) | ||
Distributions to shareholders | (160,606,918) | (132,881,856) | ||
Share transactions | ||||
Proceeds from sales of shares | 675,016,952 | 958,291,641 | ||
Reinvestment of distributions | 160,606,918 | 132,881,856 | ||
Cost of shares redeemed | (1,711,870,454) | (1,175,374,764) | ||
Net increase (decrease) in net assets resulting from share transactions | (876,246,584) | (84,201,267) | ||
Total increase (decrease) in net assets | (889,637,879) | (657,948,156) | ||
Net Assets | ||||
Beginning of period | 5,407,197,010 | 6,065,145,166 | ||
End of period | $ | 4,517,559,131 | $ | 5,407,197,010 |
Other Information | ||||
Shares | ||||
Sold | 49,168,680 | 67,737,438 | ||
Issued in reinvestment of distributions | 12,084,794 | 9,351,292 | ||
Redeemed | (122,728,311) | (83,298,959) | ||
Net increase (decrease) | (61,474,837) | (6,210,229) | ||
Fidelity® Series Canada Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 13.37 | $ | 14.77 | $ | 9.77 | $ | 10.89 | $ | 9.99 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .33 | .32 | .28 | .27 | .27 | |||||
Net realized and unrealized gain (loss) | (.12) | (1.40) | 4.97 | (1.14) | .86 | |||||
Total from investment operations | .21 | (1.08) | 5.25 | (.87) | 1.13 | |||||
Distributions from net investment income | (.40) | (.32) | (.25) | (.25) | (.23) | |||||
Distributions from net realized gain | (.01) | - | - | - | - | |||||
Total distributions | (.41) | (.32) | (.25) | (.25) | (.23) | |||||
Net asset value, end of period | $ | 13.17 | $ | 13.37 | $ | 14.77 | $ | 9.77 | $ | 10.89 |
Total Return C | 1.54% | (7.45)% | 54.40% | (8.22)% | 11.62% | |||||
Ratios to Average Net Assets B,D,E | ||||||||||
Expenses before reductions | .01% | -% F | -% F | -% F | -% F | |||||
Expenses net of fee waivers, if any | .01% | -% F | -% F | -% F | -% F | |||||
Expenses net of all reductions | .01% | -% F | -% F | -% F | -% F | |||||
Net investment income (loss) | 2.41% | 2.29% | 2.13% | 2.70% | 2.63% | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 4,517,559 | $ | 5,407,197 | $ | 6,065,145 | $ | 3,914,417 | $ | 1,916,409 |
Portfolio turnover rate G | 15% H | 19% H | 19% | 14% | 12% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $1,120,669,428 |
Gross unrealized depreciation | (203,558,688) |
Net unrealized appreciation (depreciation) | $917,110,740 |
Tax Cost | $3,750,518,838 |
Undistributed ordinary income | $110,031,867 |
Undistributed long-term capital gain | $42,391,622 |
Net unrealized appreciation (depreciation) on securities and other investments | $915,914,145 |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $157,465,462 | $132,881,856 |
Long-term Capital Gains | 3,141,456 | - |
Total | $160,606,918 | $132,881,856 |
Purchases ($) | Sales ($) | |
Fidelity Series Canada Fund | 744,250,273 | 1,569,551,440 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Canada Fund | 10,679,138 | 69,630,912 | 146,531,701 |
Borrower or Lender | Average Loan Balance | Weighted Average Interest Rate | Interest Expense | |
Fidelity Series Canada Fund | Borrower | $ 173,586,143 | 5.05% | $340,956 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity Series Canada Fund | 87,099,429 | 26,067,848 | 283,262 |
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 | $232,995 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® Series Canada Fund | .01% | |||||||||
Actual | $ 1,000 | $ 936.70 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.16 | $ .05 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® International Discovery K6 Fund | 7.19% | 2.90% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® International Discovery K6 Fund, on June 13, 2019, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.8 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.7 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 2.5 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.1 | |
HDFC Bank Ltd. (India, Banks) | 2.1 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.0 | |
Air Liquide SA (France, Chemicals) | 1.9 | |
UniCredit SpA (Italy, Banks) | 1.8 | |
23.6 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 19.2 | |
Information Technology | 16.4 | |
Industrials | 15.4 | |
Consumer Discretionary | 13.4 | |
Health Care | 12.1 | |
Consumer Staples | 6.4 | |
Materials | 6.3 | |
Energy | 3.1 | |
Communication Services | 2.6 | |
Real Estate | 1.1 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.0% | |||
Shares | Value ($) | ||
Australia - 2.5% | |||
Bapcor Ltd. | 473,339 | 1,611,176 | |
Flight Centre Travel Group Ltd. (a) | 293,229 | 3,485,714 | |
Flutter Entertainment PLC (b) | 25,358 | 3,977,499 | |
IperionX Ltd. (b)(c) | 1,395,848 | 1,106,820 | |
National Storage REIT unit | 3,516,700 | 4,483,739 | |
TOTAL AUSTRALIA | 14,664,948 | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (d) | 302,996 | 2,351,445 | |
Belgium - 1.2% | |||
KBC Group NV | 36,728 | 2,016,932 | |
UCB SA | 67,907 | 4,962,127 | |
TOTAL BELGIUM | 6,979,059 | ||
Brazil - 0.7% | |||
MercadoLibre, Inc. (b) | 3,294 | 4,086,998 | |
Canada - 3.8% | |||
Canadian Natural Resources Ltd. | 141,278 | 8,971,293 | |
Constellation Software, Inc. | 4,942 | 9,907,200 | |
Constellation Software, Inc. warrants 8/22/28 (b)(c) | 4,235 | 0 | |
Definity Financial Corp. | 43,985 | 1,216,070 | |
Franco-Nevada Corp. | 16,994 | 2,067,343 | |
Lumine Group, Inc. | 12,235 | 153,869 | |
TOTAL CANADA | 22,315,775 | ||
China - 1.5% | |||
Alibaba Group Holding Ltd. (b) | 146,635 | 1,509,619 | |
Chervon Holdings Ltd. | 654,394 | 1,611,805 | |
JOYY, Inc. ADR | 105,662 | 4,112,365 | |
Tencent Holdings Ltd. | 46,543 | 1,722,499 | |
TOTAL CHINA | 8,956,288 | ||
Denmark - 3.9% | |||
DSV A/S | 18,091 | 2,698,101 | |
Novo Nordisk A/S Series B | 205,874 | 19,861,953 | |
TOTAL DENMARK | 22,560,054 | ||
France - 11.3% | |||
Air Liquide SA | 63,996 | 10,965,859 | |
Airbus Group NV | 41,121 | 5,513,348 | |
AXA SA | 256,971 | 7,614,160 | |
BNP Paribas SA | 114,269 | 6,570,927 | |
Edenred SA | 80,288 | 4,268,025 | |
EssilorLuxottica SA | 26,449 | 4,775,478 | |
Exclusive Networks SA (b) | 136,612 | 2,171,128 | |
L'Oreal SA | 16,179 | 6,800,531 | |
LVMH Moet Hennessy Louis Vuitton SE | 18,882 | 13,518,201 | |
Pernod Ricard SA | 22,857 | 4,050,986 | |
TOTAL FRANCE | 66,248,643 | ||
Germany - 4.3% | |||
Fresenius SE & Co. KGaA | 75,086 | 1,925,832 | |
Merck KGaA | 30,160 | 4,542,715 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 14,596 | 5,845,564 | |
Nexus AG | 22,732 | 1,107,628 | |
Rheinmetall AG | 15,658 | 4,479,914 | |
Siemens AG | 38,174 | 5,065,646 | |
Siemens Healthineers AG (d) | 40,819 | 2,000,588 | |
Talanx AG | 82 | 5,158 | |
TOTAL GERMANY | 24,973,045 | ||
Hong Kong - 1.2% | |||
AIA Group Ltd. | 790,826 | 6,867,381 | |
Hungary - 0.3% | |||
Richter Gedeon PLC | 71,747 | 1,682,269 | |
India - 4.2% | |||
Avenue Supermarts Ltd. (b)(d) | 43,209 | 1,885,986 | |
HDFC Bank Ltd. | 324,330 | 5,753,376 | |
HDFC Bank Ltd. sponsored ADR | 116,285 | 6,575,917 | |
ITC Ltd. | 394,483 | 2,030,014 | |
Larsen & Toubro Ltd. | 42,307 | 1,488,379 | |
One97 Communications Ltd. (b) | 335,518 | 3,712,099 | |
PVR INOX Ltd. (b) | 40,154 | 770,728 | |
Sona Blw Precision Forgings Ltd. (d) | 234,001 | 1,522,418 | |
Star Health & Allied Insurance Co. Ltd. (b) | 81,235 | 565,780 | |
TOTAL INDIA | 24,304,697 | ||
Ireland - 1.5% | |||
Cairn Homes PLC | 2,300,191 | 2,697,915 | |
Dalata Hotel Group PLC | 918,456 | 3,896,991 | |
Kingspan Group PLC (Ireland) | 29,103 | 1,954,796 | |
Ryanair Holdings PLC (b) | 3,200 | 48,070 | |
TOTAL IRELAND | 8,597,772 | ||
Italy - 4.2% | |||
BFF Bank SpA (d) | 264,500 | 2,539,797 | |
Davide Campari Milano NV | 241,637 | 2,666,702 | |
Ferrari NV | 13,412 | 4,045,596 | |
FinecoBank SpA | 132,867 | 1,562,620 | |
Prysmian SpA | 66,276 | 2,474,769 | |
Recordati SpA | 13,762 | 634,885 | |
UniCredit SpA | 413,377 | 10,363,202 | |
TOTAL ITALY | 24,287,571 | ||
Japan - 19.2% | |||
Advantest Corp. | 86,836 | 2,236,777 | |
BayCurrent Consulting, Inc. | 47,067 | 1,181,700 | |
Capcom Co. Ltd. | 101,354 | 3,262,517 | |
Daiichi Sankyo Kabushiki Kaisha | 141,636 | 3,651,970 | |
Eisai Co. Ltd. | 24,840 | 1,315,982 | |
Fast Retailing Co. Ltd. | 23,495 | 5,201,709 | |
FUJIFILM Holdings Corp. | 58,412 | 3,195,008 | |
Hitachi Ltd. | 188,126 | 11,924,673 | |
Hoya Corp. | 84,415 | 8,126,516 | |
Itochu Corp. | 216,292 | 7,791,061 | |
JTOWER, Inc. (a)(b) | 72,433 | 2,635,914 | |
Keyence Corp. | 10,340 | 4,002,808 | |
Misumi Group, Inc. | 72,437 | 1,096,599 | |
Mitsubishi UFJ Financial Group, Inc. | 761,645 | 6,389,552 | |
NOF Corp. | 38,640 | 1,524,385 | |
ORIX Corp. | 344,406 | 6,263,489 | |
Outsourcing, Inc. | 203,901 | 1,515,169 | |
Pan Pacific International Holdings Ltd. | 160,810 | 3,114,224 | |
Persol Holdings Co. Ltd. | 1,933,860 | 2,899,661 | |
Renesas Electronics Corp. (b) | 495,887 | 6,513,783 | |
Shin-Etsu Chemical Co. Ltd. | 268,836 | 8,039,105 | |
Sony Group Corp. | 98,823 | 8,216,034 | |
Sumitomo Mitsui Financial Group, Inc. | 101,648 | 4,900,245 | |
TechnoPro Holdings, Inc. | 67,080 | 1,328,912 | |
TIS, Inc. | 113,773 | 2,436,432 | |
Tokio Marine Holdings, Inc. | 147,950 | 3,309,972 | |
TOTAL JAPAN | 112,074,197 | ||
Kazakhstan - 0.0% | |||
Kaspi.KZ JSC GDR (Reg. S) | 3,300 | 298,320 | |
Korea (South) - 1.4% | |||
Samsung Electronics Co. Ltd. | 160,619 | 7,982,940 | |
Netherlands - 8.1% | |||
ASML Holding NV (Netherlands) | 26,272 | 15,792,635 | |
BE Semiconductor Industries NV | 59,639 | 6,140,022 | |
IMCD NV | 17,396 | 2,089,161 | |
ING Groep NV (Certificaten Van Aandelen) | 327,996 | 4,205,082 | |
Shell PLC (London) | 298,148 | 9,608,372 | |
Topicus.Com, Inc. (b) | 8,028 | 528,600 | |
Universal Music Group NV | 81,820 | 2,003,676 | |
Wolters Kluwer NV | 53,405 | 6,843,098 | |
TOTAL NETHERLANDS | 47,210,646 | ||
Russia - 0.0% | |||
Fix Price Group Ltd. GDR (Reg. S) (b)(c) | 38,476 | 14,210 | |
Spain - 1.4% | |||
CaixaBank SA | 1,488,379 | 6,051,066 | |
Cie Automotive SA | 88,865 | 2,262,315 | |
TOTAL SPAIN | 8,313,381 | ||
Sweden - 1.4% | |||
ASSA ABLOY AB (B Shares) | 116,757 | 2,488,684 | |
Indutrade AB | 200,188 | 3,535,699 | |
Kry International AB (b)(c)(e) | 71 | 2,606 | |
Lagercrantz Group AB (B Shares) | 246,641 | 2,247,122 | |
TOTAL SWEDEN | 8,274,111 | ||
Switzerland - 0.5% | |||
Partners Group Holding AG | 2,547 | 2,679,019 | |
Taiwan - 2.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 763,041 | 12,452,783 | |
United Kingdom - 13.0% | |||
3i Group PLC | 239,263 | 5,641,245 | |
AstraZeneca PLC (United Kingdom) | 128,848 | 16,132,253 | |
BAE Systems PLC | 657,437 | 8,840,149 | |
Big Yellow Group PLC | 182,476 | 2,118,099 | |
Bunzl PLC | 185,100 | 6,596,408 | |
Cab Payments Holdings Ltd. (a) | 315,231 | 234,486 | |
Compass Group PLC | 398,438 | 10,045,174 | |
DCC PLC (United Kingdom) | 253 | 14,038 | |
Diageo PLC | 125,626 | 4,750,676 | |
Games Workshop Group PLC | 18,235 | 2,188,668 | |
JD Sports Fashion PLC | 1,288,320 | 1,996,508 | |
London Stock Exchange Group PLC | 43,161 | 4,354,733 | |
RELX PLC (London Stock Exchange) | 174,550 | 6,096,633 | |
Sage Group PLC | 393,668 | 4,644,163 | |
Smart Metering Systems PLC | 245,250 | 1,904,789 | |
Starling Bank Ltd. Series D (b)(c)(e) | 137,500 | 491,346 | |
Zegona Communications PLC (b)(c) | 23,682 | 8,981 | |
TOTAL UNITED KINGDOM | 76,058,349 | ||
United States of America - 7.8% | |||
CRH PLC | 94,176 | 5,060,552 | |
Energy Recovery, Inc. (b) | 26,097 | 396,674 | |
Globant SA (b) | 8,421 | 1,434,012 | |
Lattice Semiconductor Corp. (b) | 21,505 | 1,195,893 | |
Linde PLC | 19,531 | 7,463,967 | |
Microsoft Corp. | 16,620 | 5,619,388 | |
Nestle SA (Reg. S) | 137,719 | 14,851,449 | |
NVIDIA Corp. | 15,227 | 6,209,571 | |
Samsonite International SA (b)(d) | 1,053,659 | 3,263,308 | |
TOTAL UNITED STATES OF AMERICA | 45,494,814 | ||
Zambia - 0.1% | |||
First Quantum Minerals Ltd. | 40,407 | 468,246 | |
TOTAL COMMON STOCKS (Cost $550,812,747) | 560,196,961 | ||
Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.1% | |||
ByteDance Ltd. Series E1 (b)(c)(e) | 1,533 | 358,185 | |
dMed Biopharmaceutical Co. Ltd. Series C (b)(c)(e) | 8,434 | 49,676 | |
407,861 | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (b)(c)(e) | 3,347 | 395,298 | |
United States of America - 0.0% | |||
Canva, Inc.: | |||
Series A (c)(e) | 85 | 90,711 | |
Series A2 (c)(e) | 15 | 16,008 | |
106,719 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 909,878 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (b)(c)(e) | 413 | 15,159 | |
TOTAL PREFERRED STOCKS (Cost $1,452,783) | 925,037 | ||
Money Market Funds - 4.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (f) | 20,984,780 | 20,988,977 | |
Fidelity Securities Lending Cash Central Fund 5.40% (f)(g) | 4,348,460 | 4,348,895 | |
TOTAL MONEY MARKET FUNDS (Cost $25,337,872) | 25,337,872 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $577,603,402) | 586,459,870 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (3,076,486) |
NET ASSETS - 100.0% | 583,383,384 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Level 3 security |
(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 $13,563,542 or 2.3% 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 $1,418,989 or 0.2% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 869,539 |
ByteDance Ltd. Series E1 | 11/18/20 | 167,977 |
Canva, Inc. Series A | 9/22/23 | 90,666 |
Canva, Inc. Series A2 | 9/22/23 | 16,000 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 27,106,527 | 182,654,271 | 188,771,821 | 947,418 | - | - | 20,988,977 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 1,938,791 | 82,407,810 | 79,997,706 | 73,628 | - | - | 4,348,895 | 0.0% |
Total | 29,045,318 | 265,062,081 | 268,769,527 | 1,021,046 | - | - | 25,337,872 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 14,874,865 | 4,112,365 | 10,395,334 | 367,166 |
Consumer Discretionary | 78,358,591 | 25,152,490 | 53,099,382 | 106,719 |
Consumer Staples | 37,050,554 | 6,717,688 | 30,318,656 | 14,210 |
Energy | 18,579,665 | 8,971,293 | 9,608,372 | - |
Financials | 112,647,008 | 29,593,353 | 82,562,309 | 491,346 |
Health Care | 70,769,872 | 21,631,522 | 49,088,674 | 49,676 |
Industrials | 90,266,131 | 32,987,447 | 57,278,684 | - |
Information Technology | 95,277,197 | 40,250,968 | 54,613,166 | 413,063 |
Materials | 36,696,277 | 15,060,108 | 20,529,349 | 1,106,820 |
Real Estate | 6,601,838 | 2,118,099 | 4,483,739 | - |
Money Market Funds | 25,337,872 | 25,337,872 | - | - |
Total Investments in Securities: | 586,459,870 | 211,933,205 | 371,977,665 | 2,549,000 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $4,164,989) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $552,265,530) | $ | 561,121,998 | ||
Fidelity Central Funds (cost $25,337,872) | 25,337,872 | |||
Total Investment in Securities (cost $577,603,402) | $ | 586,459,870 | ||
Cash | 51,189 | |||
Foreign currency held at value (cost $152) | 153 | |||
Receivable for investments sold | 5,630,800 | |||
Receivable for fund shares sold | 494,305 | |||
Dividends receivable | 950,704 | |||
Reclaims receivable | 1,045,861 | |||
Distributions receivable from Fidelity Central Funds | 121,302 | |||
Total assets | 594,754,184 | |||
Liabilities | ||||
Payable for investments purchased | $ | 6,071,535 | ||
Payable for fund shares redeemed | 324,261 | |||
Accrued management fee | 296,789 | |||
Other payables and accrued expenses | 329,320 | |||
Collateral on securities loaned | 4,348,895 | |||
Total Liabilities | 11,370,800 | |||
Net Assets | $ | 583,383,384 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 684,581,540 | ||
Total accumulated earnings (loss) | (101,198,156) | |||
Net Assets | $ | 583,383,384 | ||
Net Asset Value, offering price and redemption price per share ($583,383,384 ÷ 53,737,609 shares) | $ | 10.86 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 13,845,551 | ||
Interest | 9,887 | |||
Income from Fidelity Central Funds (including $73,628 from security lending) | 1,021,046 | |||
Income before foreign taxes withheld | $ | 14,876,484 | ||
Less foreign taxes withheld | (1,637,036) | |||
Total Income | 13,239,448 | |||
Expenses | ||||
Management fee | $ | 3,577,022 | ||
Independent trustees' fees and expenses | 3,183 | |||
Total expenses before reductions | 3,580,205 | |||
Expense reductions | (116) | |||
Total expenses after reductions | 3,580,089 | |||
Net Investment income (loss) | 9,659,359 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $4,013) | (54,722,943) | |||
Foreign currency transactions | 15,375 | |||
Total net realized gain (loss) | (54,707,568) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $168,451) | 74,737,385 | |||
Assets and liabilities in foreign currencies | 45,677 | |||
Total change in net unrealized appreciation (depreciation) | 74,783,062 | |||
Net gain (loss) | 20,075,494 | |||
Net increase (decrease) in net assets resulting from operations | $ | 29,734,853 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 9,659,359 | $ | 9,318,000 |
Net realized gain (loss) | (54,707,568) | (61,862,335) | ||
Change in net unrealized appreciation (depreciation) | 74,783,062 | (118,418,158) | ||
Net increase (decrease) in net assets resulting from operations | 29,734,853 | (170,962,493) | ||
Distributions to shareholders | (4,996,303) | (8,038,015) | ||
Share transactions | ||||
Proceeds from sales of shares | 197,751,242 | 304,547,005 | ||
Reinvestment of distributions | 4,996,303 | 8,038,015 | ||
Cost of shares redeemed | (112,155,117) | (96,424,320) | ||
Net increase (decrease) in net assets resulting from share transactions | 90,592,428 | 216,160,700 | ||
Total increase (decrease) in net assets | 115,330,978 | 37,160,192 | ||
Net Assets | ||||
Beginning of period | 468,052,406 | 430,892,214 | ||
End of period | $ | 583,383,384 | $ | 468,052,406 |
Other Information | ||||
Shares | ||||
Sold | 17,226,620 | 24,327,055 | ||
Issued in reinvestment of distributions | 448,904 | 555,879 | ||
Redeemed | (9,674,096) | (7,923,935) | ||
Net increase (decrease) | 8,001,428 | 16,958,999 | ||
Fidelity® International Discovery K6 Fund |
Years ended October 31, | 2023 | 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 | .19 | .24 | .16 | .12 | .06 D | |||||
Net realized and unrealized gain (loss) | .55 | (4.70) | 3.60 | .77 | .43 | |||||
Total from investment operations | .74 | (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 | $ | 10.86 | $ | 10.23 | $ | 14.97 | $ | 11.29 | $ | 10.49 |
Total Return E,F | 7.19% | (30.35)% | 33.43% | 8.51% | 4.90% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | .60% | .60% | .60% | .60% | .60% I | |||||
Expenses net of fee waivers, if any | .60% | .60% | .60% | .60% | .60% I | |||||
Expenses net of all reductions | .60% | .60% | .60% | .60% | .60% I | |||||
Net investment income (loss) | 1.62% | 1.98% | 1.11% | 1.16% | 1.67% D,I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 583,383 | $ | 468,052 | $ | 430,892 | $ | 103,173 | $ | 61,421 |
Portfolio turnover rate J | 55% K | 50% K | 58% K | 42% K | 59% K,L |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $51,062,270 |
Gross unrealized depreciation | (44,552,196) |
Net unrealized appreciation (depreciation) | $6,510,074 |
Tax Cost | $579,949,796 |
Undistributed ordinary income | $10,977,096 |
Capital loss carryforward | $(118,325,907) |
Net unrealized appreciation (depreciation) on securities and other investments | $6,479,975 |
Short-term | $(80,207,263) |
Long-term | (38,118,644) |
Total capital loss carryforward | $(118,325,907) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $4,996,303 | $8,038,015 |
Purchases ($) | Sales ($) | |
Fidelity International Discovery K6 Fund | 314,233,206 | 307,453,263 |
Shares | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 8,198,739 | 94,487,059 |
Shares | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 15,540,854 | 197,763,447 |
Amount | |
Fidelity International Discovery K6 Fund | $ 348 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity International Discovery K6 Fund | 9,930,939 | 5,687,152 | (1,175,844) |
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 | $7,980 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Discovery K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 916.50 | $ 2.90 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.18 | $ 3.06 | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Life of Fund A |
Fidelity® SAI International SMA Completion Fund | 6.61% | 2.10% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® SAI International SMA Completion Fund, on April 11, 2019, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI EAFE Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Itochu Corp. (Japan, Trading Companies & Distributors) | 5.2 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 4.9 | |
Constellation Software, Inc. (Canada, Software) | 4.1 | |
Investor AB (B Shares) (Sweden, Financial Services) | 4.0 | |
Hannover Reuck SE (Germany, Insurance) | 3.9 | |
Minebea Mitsumi, Inc. (Japan, Machinery) | 3.8 | |
Sika AG (Switzerland, Chemicals) | 3.6 | |
B&M European Value Retail SA (United Kingdom, Broadline Retail) | 3.4 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 3.1 | |
Tourmaline Oil Corp. (Canada, Oil, Gas & Consumable Fuels) | 3.0 | |
39.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 26.4 | |
Information Technology | 20.3 | |
Industrials | 17.5 | |
Consumer Discretionary | 8.9 | |
Energy | 6.1 | |
Materials | 4.2 | |
Health Care | 2.3 | |
Real Estate | 0.9 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 86.6% | |||
Shares | Value ($) | ||
Australia - 1.7% | |||
Aristocrat Leisure Ltd. | 359,137 | 8,827,626 | |
Canada - 7.1% | |||
Constellation Software, Inc. | 10,836 | 21,722,869 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 10,836 | 1 | |
Tourmaline Oil Corp. | 302,879 | 16,015,949 | |
TOTAL CANADA | 37,738,819 | ||
China - 0.2% | |||
Chervon Holdings Ltd. | 526,600 | 1,297,042 | |
France - 3.4% | |||
Capgemini SA | 51,685 | 9,134,228 | |
Edenred SA | 83,406 | 4,433,775 | |
Sartorius Stedim Biotech | 22,279 | 4,161,886 | |
TOTAL FRANCE | 17,729,889 | ||
Germany - 3.9% | |||
Hannover Reuck SE | 93,982 | 20,713,842 | |
India - 7.7% | |||
Axis Bank Ltd. | 594,078 | 7,007,926 | |
HDFC Bank Ltd. | 897,778 | 15,925,922 | |
Jio Financial Services Ltd. | 584,671 | 1,551,272 | |
Reliance Industries Ltd. | 584,671 | 16,072,382 | |
TOTAL INDIA | 40,557,502 | ||
Indonesia - 3.9% | |||
PT Bank Central Asia Tbk | 18,643,987 | 10,271,358 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 32,421,538 | 10,137,693 | |
TOTAL INDONESIA | 20,409,051 | ||
Ireland - 2.1% | |||
Kingspan Group PLC (Ireland) | 166,007 | 11,150,389 | |
Italy - 1.0% | |||
FinecoBank SpA | 438,676 | 5,159,173 | |
Japan - 21.7% | |||
Bandai Namco Holdings, Inc. | 370,400 | 7,674,139 | |
BayCurrent Consulting, Inc. | 143,000 | 3,590,266 | |
Itochu Corp. | 763,666 | 27,508,035 | |
Keyence Corp. | 66,324 | 25,675,262 | |
Minebea Mitsumi, Inc. | 1,267,536 | 19,874,081 | |
Misumi Group, Inc. | 117,474 | 1,778,399 | |
Nomura Research Institute Ltd. | 249,371 | 6,545,978 | |
Relo Group, Inc. | 152,001 | 1,506,951 | |
Resona Holdings, Inc. | 1,075,300 | 5,745,675 | |
TechnoPro Holdings, Inc. | 190,800 | 3,779,910 | |
TIS, Inc. | 513,891 | 11,004,900 | |
TOTAL JAPAN | 114,683,596 | ||
Korea (South) - 2.0% | |||
Samsung Electronics Co. Ltd. | 207,004 | 10,288,325 | |
Luxembourg - 1.5% | |||
Eurofins Scientific SA | 158,493 | 8,021,160 | |
Netherlands - 4.2% | |||
BE Semiconductor Industries NV | 115,700 | 11,911,677 | |
IMCD NV | 86,510 | 10,389,362 | |
TOTAL NETHERLANDS | 22,301,039 | ||
Spain - 2.7% | |||
CaixaBank SA | 3,543,505 | 14,406,265 | |
Sweden - 6.7% | |||
Indutrade AB | 815,006 | 14,394,549 | |
Investor AB (B Shares) | 1,144,704 | 20,961,124 | |
TOTAL SWEDEN | 35,355,673 | ||
Switzerland - 5.1% | |||
Partners Group Holding AG | 7,370 | 7,752,010 | |
Sika AG | 80,704 | 19,243,333 | |
TOTAL SWITZERLAND | 26,995,343 | ||
United Kingdom - 11.1% | |||
B&M European Value Retail SA | 2,796,687 | 17,975,145 | |
Beazley PLC | 1,069,096 | 6,685,581 | |
Big Yellow Group PLC | 290,900 | 3,376,636 | |
Games Workshop Group PLC | 32,300 | 3,876,830 | |
JD Sports Fashion PLC | 4,935,057 | 7,647,852 | |
London Stock Exchange Group PLC | 4,800 | 484,296 | |
Sage Group PLC | 944,300 | 11,140,056 | |
Standard Chartered PLC (United Kingdom) | 997,700 | 7,639,723 | |
TOTAL UNITED KINGDOM | 58,826,119 | ||
Zambia - 0.6% | |||
First Quantum Minerals Ltd. | 294,268 | 3,410,050 | |
TOTAL COMMON STOCKS (Cost $471,876,439) | 457,870,903 | ||
Money Market Funds - 12.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (c) (Cost $68,161,995) | 68,148,365 | 68,161,995 | |
TOTAL INVESTMENT IN SECURITIES - 99.5% (Cost $540,038,434) | 526,032,898 |
NET OTHER ASSETS (LIABILITIES) - 0.5% | 2,427,427 |
NET ASSETS - 100.0% | 528,460,325 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 43,600,978 | 159,593,550 | 135,032,533 | 2,439,453 | - | - | 68,161,995 | 0.1% |
Total | 43,600,978 | 159,593,550 | 135,032,533 | 2,439,453 | - | - | 68,161,995 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 47,298,634 | 29,499,827 | 17,798,807 | - |
Energy | 32,088,331 | 16,015,949 | 16,072,382 | - |
Financials | 138,875,635 | 73,345,228 | 65,530,407 | - |
Health Care | 12,183,046 | 12,183,046 | - | - |
Industrials | 92,464,991 | 35,934,300 | 56,530,691 | - |
Information Technology | 107,423,296 | 44,774,602 | 62,648,693 | 1 |
Materials | 22,653,383 | 22,653,383 | - | - |
Real Estate | 4,883,587 | 3,376,636 | 1,506,951 | - |
Money Market Funds | 68,161,995 | 68,161,995 | - | - |
Total Investments in Securities: | 526,032,898 | 305,944,966 | 220,087,931 | 1 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $471,876,439) | $ | 457,870,903 | ||
Fidelity Central Funds (cost $68,161,995) | 68,161,995 | |||
Total Investment in Securities (cost $540,038,434) | $ | 526,032,898 | ||
Foreign currency held at value (cost $1,321) | 1,325 | |||
Receivable for fund shares sold | 1,186,354 | |||
Dividends receivable | 1,027,463 | |||
Reclaims receivable | 516,476 | |||
Distributions receivable from Fidelity Central Funds | 282,740 | |||
Other receivables | 36,424 | |||
Total assets | 529,083,680 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 502,097 | ||
Deferred taxes | 121,186 | |||
Other payables and accrued expenses | 72 | |||
Total Liabilities | 623,355 | |||
Net Assets | $ | 528,460,325 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 609,805,556 | ||
Total accumulated earnings (loss) | (81,345,231) | |||
Net Assets | $ | 528,460,325 | ||
Net Asset Value, offering price and redemption price per share ($528,460,325 ÷ 52,272,670 shares) | $ | 10.11 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 11,134,131 | ||
Income from Fidelity Central Funds | 2,439,453 | |||
Income before foreign taxes withheld | $ | 13,573,584 | ||
Less foreign taxes withheld | (1,512,446) | |||
Total Income | 12,061,138 | |||
Expenses | ||||
Independent trustees' fees and expenses | $ | 2,831 | ||
Total expenses before reductions | 2,831 | |||
Expense reductions | (115) | |||
Total expenses after reductions | 2,716 | |||
Net Investment income (loss) | 12,058,422 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (33,737,748) | |||
Foreign currency transactions | (102,101) | |||
Total net realized gain (loss) | (33,839,849) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of decrease in deferred foreign taxes of $75,078) | 45,981,885 | |||
Assets and liabilities in foreign currencies | 58,570 | |||
Total change in net unrealized appreciation (depreciation) | 46,040,455 | |||
Net gain (loss) | 12,200,606 | |||
Net increase (decrease) in net assets resulting from operations | $ | 24,259,028 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 12,058,422 | $ | 7,825,590 |
Net realized gain (loss) | (33,839,849) | (43,209,211) | ||
Change in net unrealized appreciation (depreciation) | 46,040,455 | (176,966,374) | ||
Net increase (decrease) in net assets resulting from operations | 24,259,028 | (212,349,995) | ||
Distributions to shareholders | (6,168,818) | (34,086,499) | ||
Share transactions | ||||
Proceeds from sales of shares | 179,578,134 | 318,466,891 | ||
Reinvestment of distributions | 1,847,861 | 10,192,289 | ||
Cost of shares redeemed | (109,762,922) | (227,226,081) | ||
Net increase (decrease) in net assets resulting from share transactions | 71,663,073 | 101,433,099 | ||
Total increase (decrease) in net assets | 89,753,283 | (145,003,395) | ||
Net Assets | ||||
Beginning of period | 438,707,042 | 583,710,437 | ||
End of period | $ | 528,460,325 | $ | 438,707,042 |
Other Information | ||||
Shares | ||||
Sold | 16,763,788 | 28,001,783 | ||
Issued in reinvestment of distributions | 177,850 | 704,861 | ||
Redeemed | (10,338,376) | (20,788,845) | ||
Net increase (decrease) | 6,603,262 | 7,917,799 | ||
Fidelity® SAI International SMA Completion Fund |
Years ended October 31, | 2023 | 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 | .25 | .18 | .19 | .17 D | .08 | |||||
Net realized and unrealized gain (loss) | .39 | (5.16) | 3.01 | 1.77 | .39 | |||||
Total from investment operations | .64 | (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 | $ | 10.11 | $ | 9.61 | $ | 15.46 | $ | 12.38 | $ | 10.47 |
Total Return E,F | 6.61% | (34.09)% | 26.03% | 18.57% | 4.70% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions I | -% | -% | -% | -% | -% J | |||||
Expenses net of fee waivers, if any I | -% | -% | -% | -% | -% J | |||||
Expenses net of all reductions I | -% | -% | -% | -% | -% J | |||||
Net investment income (loss) | 2.36% | 1.56% | 1.30% | 1.45% D | 1.41% J | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 528,460 | $ | 438,707 | $ | 583,710 | $ | 318,362 | $ | 46,836 |
Portfolio turnover rate K | 31% | 40% | 37% | 17% | 24% J |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $49,589,335 |
Gross unrealized depreciation | (66,804,680) |
Net unrealized appreciation (depreciation) | $(17,215,345) |
Tax Cost | $543,248,243 |
Undistributed ordinary income | $10,025,696 |
Capital loss carryforward | $(73,980,543) |
Net unrealized appreciation (depreciation) on securities and other investments | $(17,269,199) |
Short-term | $(20,563,814) |
Long-term | (53,416,729) |
Total capital loss carryforward | $(73,980,543) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $6,168,818 | $16,945,636 |
Long-term Capital Gains | - | 17,140,863 |
Total | $6,168,818 | $34,086,499 |
Purchases ($) | Sales ($) | |
Fidelity SAI International SMA Completion Fund | 178,944,419 | 141,032,504 |
Purchases ($) | Sales ($) | Realized Gain (Loss) ($) | |
Fidelity SAI International SMA Completion Fund | 14,803,589 | 7,814,173 | (1,677,073) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® SAI International SMA Completion Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 919.90 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,025.21 | $-E | |||||||
Contents
Average Annual Total Returns | |||
Periods ended October 31, 2023 | Past 1 year | Past 5 years | Life of Fund A |
Fidelity® International Capital Appreciation K6 Fund | 16.02% | 7.51% | 6.11% |
$10,000 Over Life of Fund |
Let's say hypothetically that $10,000 was invested in Fidelity® International Capital Appreciation K6 Fund, on May 25, 2017, when the fund started. The chart shows how the value of your investment would have changed, and also shows how the MSCI ACWI (All Country World Index) ex USA Index performed over the same period. |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.9 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.6 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.5 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.3 | |
L'Oreal SA (France, Personal Care Products) | 2.0 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 1.9 | |
Dassault Systemes SA (France, Software) | 1.8 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 1.8 | |
Air Liquide SA (France, Chemicals) | 1.8 | |
22.7 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 22.7 | |
Industrials | 22.0 | |
Financials | 18.1 | |
Consumer Discretionary | 14.1 | |
Health Care | 8.1 | |
Materials | 7.8 | |
Consumer Staples | 5.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.1% | |||
Shares | Value ($) | ||
Brazil - 1.5% | |||
MercadoLibre, Inc. (a) | 12,805 | 15,887,676 | |
Canada - 10.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 358,279 | 19,503,502 | |
Brookfield Asset Management Ltd. Class A | 486,600 | 13,950,822 | |
Canadian National Railway Co. | 154,886 | 16,388,262 | |
Canadian Pacific Kansas City Ltd. | 246,437 | 17,497,160 | |
CGI, Inc. Class A (sub. vtg.) (a) | 147,090 | 14,200,403 | |
Constellation Software, Inc. | 9,566 | 19,176,907 | |
Constellation Software, Inc. warrants 8/22/28 (a)(b) | 9,222 | 1 | |
Thomson Reuters Corp. (c) | 137,623 | 16,484,988 | |
TOTAL CANADA | 117,202,045 | ||
China - 1.6% | |||
PDD Holdings, Inc. ADR (a) | 175,433 | 17,792,415 | |
Denmark - 4.5% | |||
DSV A/S | 115,542 | 17,231,995 | |
Novo Nordisk A/S Series B | 335,865 | 32,402,991 | |
TOTAL DENMARK | 49,634,986 | ||
France - 13.0% | |||
Air Liquide SA | 114,682 | 19,651,019 | |
Capgemini SA | 98,383 | 17,387,109 | |
Dassault Systemes SA | 487,225 | 20,070,440 | |
Hermes International SCA | 10,104 | 18,811,958 | |
L'Oreal SA | 51,319 | 21,570,952 | |
LVMH Moet Hennessy Louis Vuitton SE | 37,389 | 26,767,928 | |
Safran SA | 111,164 | 17,365,990 | |
TOTAL FRANCE | 141,625,396 | ||
Germany - 2.3% | |||
Infineon Technologies AG | 554,822 | 16,206,473 | |
SAP SE | 67,587 | 9,065,602 | |
TOTAL GERMANY | 25,272,075 | ||
India - 9.6% | |||
Axis Bank Ltd. | 1,240,721 | 14,635,926 | |
HCL Technologies Ltd. | 1,223,770 | 18,765,131 | |
HDFC Bank Ltd. | 1,057,204 | 18,754,022 | |
ICICI Bank Ltd. | 1,721,605 | 18,935,130 | |
ITC Ltd. | 3,093,849 | 15,920,980 | |
Larsen & Toubro Ltd. | 504,546 | 17,750,153 | |
TOTAL INDIA | 104,761,342 | ||
Indonesia - 1.5% | |||
PT Bank Central Asia Tbk | 30,441,582 | 16,770,896 | |
Ireland - 1.5% | |||
Kingspan Group PLC (Ireland) | 243,292 | 16,341,483 | |
Italy - 1.7% | |||
Ferrari NV (Italy) | 60,343 | 18,228,869 | |
Japan - 6.4% | |||
Hoya Corp. | 129,352 | 12,452,539 | |
Keyence Corp. | 51,411 | 19,902,160 | |
Shin-Etsu Chemical Co. Ltd. | 587,136 | 17,557,350 | |
Tokyo Electron Ltd. | 146,891 | 19,409,838 | |
TOTAL JAPAN | 69,321,887 | ||
Netherlands - 6.0% | |||
ASM International NV (Netherlands) | 42,580 | 17,503,439 | |
ASML Holding NV (Netherlands) | 48,310 | 29,040,127 | |
Wolters Kluwer NV | 150,020 | 19,222,949 | |
TOTAL NETHERLANDS | 65,766,515 | ||
Sweden - 1.6% | |||
Atlas Copco AB (A Shares) | 1,327,267 | 17,186,809 | |
Switzerland - 5.0% | |||
Compagnie Financiere Richemont SA Series A | 160,770 | 18,966,924 | |
Sika AG | 68,758 | 16,394,888 | |
UBS Group AG | 812,383 | 18,950,989 | |
TOTAL SWITZERLAND | 54,312,801 | ||
Taiwan - 3.1% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,102,866 | 34,318,645 | |
United Kingdom - 10.1% | |||
Ashtead Group PLC | 272,035 | 15,553,538 | |
AstraZeneca PLC (United Kingdom) | 198,122 | 24,805,618 | |
BAE Systems PLC | 943,148 | 12,681,928 | |
Compass Group PLC | 777,411 | 19,599,609 | |
London Stock Exchange Group PLC | 166,324 | 16,781,276 | |
RELX PLC (London Stock Exchange) | 602,679 | 21,050,201 | |
TOTAL UNITED KINGDOM | 110,472,170 | ||
United States of America - 18.0% | |||
Aon PLC | 5,132 | 1,587,841 | |
AutoZone, Inc. (a) | 6,354 | 15,739,684 | |
Linde PLC | 47,593 | 18,188,141 | |
Marsh & McLennan Companies, Inc. | 84,950 | 16,110,768 | |
Martin Marietta Materials, Inc. | 33,057 | 13,518,330 | |
MasterCard, Inc. Class A | 38,700 | 14,564,745 | |
Moody's Corp. | 53,557 | 16,495,556 | |
NVIDIA Corp. | 37,020 | 15,096,756 | |
S&P Global, Inc. | 44,929 | 15,694,149 | |
Schneider Electric SA | 125,490 | 19,307,549 | |
UnitedHealth Group, Inc. | 35,241 | 18,873,670 | |
Visa, Inc. Class A | 65,660 | 15,436,666 | |
Waste Connections, Inc. (Canada) | 121,134 | 15,684,746 | |
TOTAL UNITED STATES OF AMERICA | 196,298,601 | ||
TOTAL COMMON STOCKS (Cost $928,714,781) | 1,071,194,611 | ||
Money Market Funds - 1.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.40% (d) | 17,208,109 | 17,211,551 | |
Fidelity Securities Lending Cash Central Fund 5.40% (d)(e) | 505,749 | 505,800 | |
TOTAL MONEY MARKET FUNDS (Cost $17,717,351) | 17,717,351 | ||
TOTAL INVESTMENT IN SECURITIES - 99.7% (Cost $946,432,132) | 1,088,911,962 |
NET OTHER ASSETS (LIABILITIES) - 0.3% | 3,430,336 |
NET ASSETS - 100.0% | 1,092,342,298 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements, which are not covered by the Fund's Report of Independent Registered Public Accounting Firm, are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.40% | 9,866,092 | 465,925,713 | 458,580,254 | 735,025 | - | - | 17,211,551 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.40% | 13,243,268 | 179,237,812 | 191,975,280 | 13,532 | - | - | 505,800 | 0.0% |
Total | 23,109,360 | 645,163,525 | 650,555,534 | 748,557 | - | - | 17,717,351 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 151,795,063 | 86,460,602 | 65,334,461 | - |
Consumer Staples | 56,995,434 | 19,503,502 | 37,491,932 | - |
Financials | 198,668,786 | 112,791,536 | 85,877,250 | - |
Health Care | 88,534,818 | 18,873,670 | 69,661,148 | - |
Industrials | 239,747,751 | 134,405,121 | 105,342,630 | - |
Information Technology | 250,143,031 | 65,977,505 | 184,165,525 | 1 |
Materials | 85,309,728 | 48,101,359 | 37,208,369 | - |
Money Market Funds | 17,717,351 | 17,717,351 | - | - |
Total Investments in Securities: | 1,088,911,962 | 503,830,646 | 585,081,315 | 1 |
Statement of Assets and Liabilities | ||||
October 31, 2023 | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $478,617) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $928,714,781) | $ | 1,071,194,611 | ||
Fidelity Central Funds (cost $17,717,351) | 17,717,351 | |||
Total Investment in Securities (cost $946,432,132) | $ | 1,088,911,962 | ||
Foreign currency held at value (cost $343,010) | 342,917 | |||
Receivable for investments sold | 7,533,130 | |||
Receivable for fund shares sold | 904,117 | |||
Dividends receivable | 475,280 | |||
Reclaims receivable | 1,028,274 | |||
Interest receivable | 3,239 | |||
Distributions receivable from Fidelity Central Funds | 116,245 | |||
Other receivables | 164,568 | |||
Total assets | 1,099,479,732 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,943,368 | ||
Payable for fund shares redeemed | 476,469 | |||
Accrued management fee | 584,300 | |||
Deferred taxes | 1,625,928 | |||
Other payables and accrued expenses | 1,569 | |||
Collateral on securities loaned | 505,800 | |||
Total Liabilities | 7,137,434 | |||
Net Assets | $ | 1,092,342,298 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,011,708,466 | ||
Total accumulated earnings (loss) | 80,633,832 | |||
Net Assets | $ | 1,092,342,298 | ||
Net Asset Value, offering price and redemption price per share ($1,092,342,298 ÷ 83,717,907 shares) | $ | 13.05 |
Statement of Operations | ||||
Year ended October 31, 2023 | ||||
Investment Income | ||||
Dividends | $ | 13,150,058 | ||
Interest | 4,022 | |||
Income from Fidelity Central Funds (including $13,532 from security lending) | 748,557 | |||
Income before foreign taxes withheld | $ | 13,902,637 | ||
Less foreign taxes withheld | (1,613,501) | |||
Total Income | 12,289,136 | |||
Expenses | ||||
Management fee | $ | 6,450,454 | ||
Independent trustees' fees and expenses | 5,300 | |||
Interest | 22,775 | |||
Total expenses before reductions | 6,478,529 | |||
Expense reductions | (256) | |||
Total expenses after reductions | 6,478,273 | |||
Net Investment income (loss) | 5,810,863 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $144,611) | 7,974,414 | |||
Foreign currency transactions | (45,350) | |||
Total net realized gain (loss) | 7,929,064 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers(net of increase in deferred foreign taxes of $1,421,907) | 104,099,849 | |||
Assets and liabilities in foreign currencies | 72,953 | |||
Total change in net unrealized appreciation (depreciation) | 104,172,802 | |||
Net gain (loss) | 112,101,866 | |||
Net increase (decrease) in net assets resulting from operations | $ | 117,912,729 |
Statement of Changes in Net Assets | ||||
Year ended October 31, 2023 | Year ended October 31, 2022 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,810,863 | $ | 3,648,889 |
Net realized gain (loss) | 7,929,064 | (72,374,973) | ||
Change in net unrealized appreciation (depreciation) | 104,172,802 | (233,838,244) | ||
Net increase (decrease) in net assets resulting from operations | 117,912,729 | (302,564,328) | ||
Distributions to shareholders | (3,323,601) | (75,709,685) | ||
Share transactions | ||||
Proceeds from sales of shares | 427,602,334 | 376,598,093 | ||
Reinvestment of distributions | 3,323,601 | 75,709,685 | ||
Cost of shares redeemed | (216,290,497) | (234,149,001) | ||
Net increase (decrease) in net assets resulting from share transactions | 214,635,438 | 218,158,777 | ||
Total increase (decrease) in net assets | 329,224,566 | (160,115,236) | ||
Net Assets | ||||
Beginning of period | 763,117,732 | 923,232,968 | ||
End of period | $ | 1,092,342,298 | $ | 763,117,732 |
Other Information | ||||
Shares | ||||
Sold | 31,934,138 | 28,863,775 | ||
Issued in reinvestment of distributions | 258,445 | 4,794,787 | ||
Redeemed | (16,055,471) | (17,893,097) | ||
Net increase (decrease) | 16,137,112 | 15,765,465 | ||
Fidelity® International Capital Appreciation K6 Fund |
Years ended October 31, | 2023 | 2022 | 2021 | 2020 | 2019 | |||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 11.29 | $ | 17.82 | $ | 13.99 | $ | 12.40 | $ | 10.17 |
Income from Investment Operations | ||||||||||
Net investment income (loss) A,B | .08 | .06 | .05 | .08 | .13 C | |||||
Net realized and unrealized gain (loss) | 1.73 | (5.14) | 3.85 | 1.62 | 2.18 | |||||
Total from investment operations | 1.81 | (5.08) | 3.90 | 1.70 | 2.31 | |||||
Distributions from net investment income | (.05) | (.04) | (.07) | (.11) | (.08) | |||||
Distributions from net realized gain | - | (1.41) | - | - | - | |||||
Total distributions | (.05) | (1.45) | (.07) | (.11) | (.08) | |||||
Net asset value, end of period | $ | 13.05 | $ | 11.29 | $ | 17.82 | $ | 13.99 | $ | 12.40 |
Total Return D | 16.02% | (30.83)% | 27.93% | 13.82% | 22.90% | |||||
Ratios to Average Net Assets B,E,F | ||||||||||
Expenses before reductions | .65% | .65% | .65% | .65% | .65% | |||||
Expenses net of fee waivers, if any | .65% | .65% | .65% | .65% | .65% | |||||
Expenses net of all reductions | .65% | .65% | .65% | .61% | .63% | |||||
Net investment income (loss) | .59% | .44% | .29% | .62% | 1.16% C | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 1,092,342 | $ | 763,118 | $ | 923,233 | $ | 760,960 | $ | 524,353 |
Portfolio turnover rate G | 78% | 119% H | 149% | 138% | 144% H |
Fidelity Central Fund | Investment Manager | Investment Objective | Investment Practices | Expense RatioA |
Fidelity Money Market Central Funds | Fidelity Management & Research Company LLC (FMR) | Each fund seeks to obtain a high level of current income consistent with the preservation of capital and liquidity. | Short-term Investments | Less than .005% |
Gross unrealized appreciation | $165,992,610 |
Gross unrealized depreciation | (27,626,239) |
Net unrealized appreciation (depreciation) | $138,366,371 |
Tax Cost | $950,545,591 |
Undistributed ordinary income | $5,496,384 |
Capital loss carryforward | $(61,559,404) |
Net unrealized appreciation (depreciation) on securities and other investments | $138,322,151 |
Short-term | $(61,559,404) |
Total capital loss carryforward | $(61,559,404) |
October 31, 2023 | October 31, 2022 | |
Ordinary Income | $3,323,601 | $25,306,280 |
Long-term Capital Gains | - | 50,403,405 |
Total | $3,323,601 | $75,709,685 |
Purchases ($) | Sales ($) | |
Fidelity International Capital Appreciation K6 Fund | 967,894,267 | 763,368,771 |
Shares | Total Proceeds ($) | |
Fidelity International Capital Appreciation K6 Fund | 6,790,346 | 84,381,011 |
Amount | |
Fidelity International Capital Appreciation K6 Fund | $987 |
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 | 77,884,580 | 31,369,621 | (578,135) |
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 | $1,447 | $- | $- |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (May 1, 2023 to October 31, 2023). |
Annualized Expense Ratio- A | Beginning Account Value May 1, 2023 | Ending Account Value October 31, 2023 | Expenses Paid During Period- C May 1, 2023 to October 31, 2023 | |||||||
Fidelity® International Capital Appreciation K6 Fund | .65% | |||||||||
Actual | $ 1,000 | $ 949.80 | $ 3.19 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.93 | $ 3.31 | |||||||
Item 2.
Code of Ethics
As of the end of the period, October 31, 2023, Fidelity Investment Trust (the trust) has adopted a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its President and Treasurer and its Chief Financial Officer. A copy of the code of ethics is filed as an exhibit to this Form N-CSR.
Item 3.
Audit Committee Financial Expert
The Board of Trustees of the trust has determined that Donald F. Donahue is an audit committee financial expert, as defined in Item 3 of Form N-CSR. Mr. Donahue is independent for purposes of Item 3 of Form N-CSR.
Item 4.
Principal Accountant Fees and Services
Fees and Services
The following table presents fees billed by Deloitte & Touche LLP, the member firms of Deloitte Touche Tohmatsu, and their respective affiliates (collectively, “Deloitte Entities”) in each of the last two fiscal years for services rendered to Fidelity Diversified International Fund, Fidelity Diversified International K6 Fund, Fidelity Global Equity Income Fund, Fidelity International Capital Appreciation Fund, Fidelity International Capital Appreciation K6 Fund, Fidelity International Discovery K6 Fund, Fidelity International Small Cap Fund, Fidelity International Small Cap Opportunities Fund, Fidelity International Value Fund, Fidelity SAI International SMA Completion Fund, Fidelity SAI Sustainable Emerging Markets Equity Fund, Fidelity SAI Sustainable International Equity Fund, Fidelity Series Emerging Markets Fund, Fidelity Series Emerging Markets Opportunities Fund, Fidelity Series International Small Cap Fund, Fidelity Series International Value Fund, Fidelity Series Overseas Fund, Fidelity Series Select International Small Cap Fund, Fidelity Series Sustainable Emerging Markets Fund, Fidelity Series Sustainable Non-U.S. Developed Markets Fund, Fidelity Sustainable International Equity Fund, Fidelity Total International Equity Fund and Fidelity Worldwide Fund (the “Fund(s)”):
Services Billed by Deloitte Entities
October 31, 2023 FeesA,C
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Diversified International Fund | $53,600 | $- | $12,300 | $1,400 |
Fidelity Diversified International K6 Fund | $50,700 | $- | $12,500 | $1,300 |
Fidelity Global Equity Income Fund | $44,500 | $- | $10,000 | $1,200 |
Fidelity International Capital Appreciation Fund | $49,800 | $- | $12,000 | $1,300 |
Fidelity International Capital Appreciation K6 Fund | $49,300 | $- | $11,900 | $1,300 |
Fidelity International Discovery K6 Fund | $46,200 | $- | $12,300 | $1,200 |
Fidelity International Small Cap Fund | $56,000 | $- | $12,000 | $1,500 |
Fidelity International Small Cap Opportunities Fund | $49,900 | $- | $9,700 | $1,300 |
Fidelity International Value Fund | $48,600 | $- | $9,400 | $1,200 |
Fidelity SAI International SMA Completion Fund | $46,300 | $- | $12,200 | $1,300 |
Fidelity SAI Sustainable Emerging Markets Equity Fund | $39,500 | $- | $10,600 | $1,000 |
Fidelity SAI Sustainable International Equity Fund | $33,800 | $- | $10,000 | $900 |
Fidelity Series Emerging Markets Fund | $42,900 | $- | $12,300 | $1,200 |
Fidelity Series Emerging Markets Opportunities Fund | $43,200 | $- | $12,300 | $1,200 |
Fidelity Series International Small Cap Fund | $41,500 | $- | $9,400 | $1,100 |
Fidelity Series International Value Fund | $43,100 | $- | $9,400 | $1,100 |
Fidelity Series Overseas Fund | $44,500 | $- | $10,000 | $1,200 |
Fidelity Series Select International Small Cap Fund | $36,100 | $- | $9,600 | $900 |
Fidelity Series Sustainable Emerging Markets Fund | $35,200 | $- | $10,100 | $400 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | $35,300 | $- | $10,100 | $400 |
Fidelity Sustainable International Equity Fund | $47,400 | $- | $12,300 | $1,200 |
Fidelity Total International Equity Fund | $52,300 | $- | $11,800 | $1,400 |
Fidelity Worldwide Fund | $49,700 | $- | $9,700 | $1,300 |
October 31, 2022 FeesA,B,C
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Diversified International Fund | $71,100 | $- | $11,400 | $1,300 |
Fidelity Diversified International K6 Fund | $65,200 | $- | $11,400 | $1,200 |
Fidelity Global Equity Income Fund | $44,100 | $- | $9,300 | $1,100 |
Fidelity International Capital Appreciation Fund | $49,100 | $- | $11,200 | $1,200 |
Fidelity International Capital Appreciation K6 Fund | $49,400 | $- | $11,100 | $1,200 |
Fidelity International Discovery K6 Fund | $59,200 | $- | $11,200 | $1,100 |
Fidelity International Small Cap Fund | $55,500 | $- | $11,200 | $1,300 |
Fidelity International Small Cap Opportunities Fund | $50,100 | $- | $8,800 | $1,200 |
Fidelity International Value Fund | $51,200 | $- | $8,800 | $1,100 |
Fidelity SAI International SMA Completion Fund | $45,700 | $- | $11,400 | $1,200 |
Fidelity SAI Sustainable Emerging Markets Equity Fund | $33,700 | $- | $9,000 | $500 |
Fidelity SAI Sustainable International Equity Fund | $28,600 | $- | $9,000 | $400 |
Fidelity Series Emerging Markets Fund | $44,300 | $- | $11,200 | $1,100 |
Fidelity Series Emerging Markets Opportunities Fund | $42,900 | $- | $11,200 | $1,100 |
Fidelity Series International Small Cap Fund | $41,800 | $- | $8,800 | $1,000 |
Fidelity Series International Value Fund | $41,800 | $- | $8,800 | $1,000 |
Fidelity Series Overseas Fund | $44,100 | $- | $9,300 | $1,100 |
Fidelity Series Select International Small Cap Fund | $- | $- | $- | $- |
Fidelity Series Sustainable Emerging Markets Fund | $- | $- | $- | $- |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | $- | $- | $- | $- |
Fidelity Sustainable International Equity Fund | $39,300 | $- | $11,200 | $700 |
Fidelity Total International Equity Fund | $52,400 | $- | $10,700 | $1,300 |
Fidelity Worldwide Fund | $49,700 | $- | $8,800 | $1,200 |
A Amounts may reflect rounding
B Fidelity Sustainable International Equity Fund commenced operations on February 10, 2022. Fidelity SAI Sustainable Emerging Markets Equity Fund and Fidelity SAI Sustainable International Equity Fund commenced operations on April 14, 2022.
C Fidelity Series Select International Small Cap Fund commenced operations on November 4, 2022. Fidelity Series Sustainable Emerging Markets Fund and Fidelity Series Sustainable Non-U.S. Developed Markets Fund commenced operations on May 11, 2023.
The following table presents fees billed by PricewaterhouseCoopers LLP (“PwC”) in each of the last two fiscal years for services rendered to Fidelity Canada Fund, Fidelity China Region Fund, Fidelity Emerging Asia Fund, Emerging Markets Discovery Fund, Fidelity Emerging Markets Fund, Fidelity Enduring Opportunities Fund, Fidelity Europe Fund, Fidelity Global Commodity Stock Fund, Fidelity Infrastructure Fund, Fidelity International Discovery Fund, Fidelity International Growth Fund, Fidelity Japan Fund, Fidelity Japan Smaller Companies Fund, Fidelity Latin America Fund, Fidelity Nordic Fund, Fidelity Overseas Fund, Fidelity Pacific Basin Fund, Fidelity Series Canada Fund, Fidelity Series International Growth Fund, Fidelity Sustainable Emerging Markets Equity Fund, and Fidelity Total Emerging Markets Fund (the “Fund(s)”):
Services Billed by PwC
October 31, 2023 FeesA
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Canada Fund | $51,400 | $4,700 | $11,500 | $1,600 |
Fidelity China Region Fund | $63,300 | $5,600 | $11,500 | $1,900 |
Fidelity Emerging Asia Fund | $55,400 | $5,000 | $11,500 | $1,700 |
Fidelity Emerging Markets Discovery Fund | $51,700 | $4,700 | $11,500 | $1,600 |
Fidelity Emerging Markets Fund | $54,700 | $5,200 | $12,700 | $1,700 |
Fidelity Enduring Opportunities Fund | $29,700 | $2,700 | $6,800 | $900 |
Fidelity Europe Fund | $58,900 | $5,300 | $19,900 | $1,800 |
Fidelity Global Commodity Stock Fund | $37,300 | $3,300 | $6,500 | $1,100 |
Fidelity Infrastructure Fund | $38,300 | $3,500 | $8,500 | $1,200 |
Fidelity International Discovery Fund | $87,400 | $5,900 | $51,500 | $2,000 |
Fidelity International Growth Fund | $50,300 | $4,600 | $16,200 | $1,600 |
Fidelity Japan Fund | $54,200 | $5,000 | $11,500 | $1,700 |
Fidelity Japan Smaller Companies Fund | $45,400 | $4,300 | $11,500 | $1,400 |
Fidelity Latin America Fund | $56,500 | $5,100 | $11,500 | $1,700 |
Fidelity Nordic Fund | $44,800 | $4,200 | $28,500 | $1,400 |
Fidelity Overseas Fund | $57,600 | $5,300 | $23,700 | $1,800 |
Fidelity Pacific Basin Fund | $55,100 | $5,200 | $14,300 | $1,700 |
Fidelity Series Canada Fund | $51,400 | $4,400 | $17,100 | $1,500 |
Fidelity Series International Growth Fund | $47,100 | $3,900 | $47,400 | $1,300 |
Fidelity Sustainable Emerging Markets Equity Fund | $50,500 | $4,600 | $14,400 | $1,600 |
Fidelity Total Emerging Markets Fund | $62,700 | $5,400 | $10,600 | $1,800 |
October 31, 2022 FeesA,B
Audit Fees | Audit-Related Fees | Tax Fees | All Other Fees | |
Fidelity Canada Fund | $48,900 | $4,500 | $10,900 | $1,500 |
Fidelity China Region Fund | $60,300 | $5,400 | $10,900 | $1,800 |
Fidelity Emerging Asia Fund | $52,800 | $4,800 | $11,800 | $1,600 |
Fidelity Emerging Markets Discovery Fund | $46,300 | $4,300 | $10,900 | $1,500 |
Fidelity Emerging Markets Fund | $77,300 | $5,800 | $13,300 | $2,000 |
Fidelity Enduring Opportunities Fund | $28,400 | $2,600 | $6,500 | $900 |
Fidelity Europe Fund | $58,400 | $5,100 | $12,300 | $1,700 |
Fidelity Global Commodity Stock Fund | $35,500 | $3,100 | $6,000 | $1,100 |
Fidelity Infrastructure Fund | $36,700 | $3,300 | $7,600 | $1,100 |
Fidelity International Discovery Fund | $102,300 | $5,600 | $39,100 | $1,900 |
Fidelity International Growth Fund | $50,800 | $4,400 | $11,400 | $1,500 |
Fidelity Japan Fund | $51,800 | $4,800 | $10,900 | $1,600 |
Fidelity Japan Smaller Companies Fund | $43,300 | $4,100 | $10,900 | $1,400 |
Fidelity Latin America Fund | $54,000 | $4,900 | $10,900 | $1,700 |
Fidelity Nordic Fund | $42,700 | $4,000 | $12,300 | $1,400 |
Fidelity Overseas Fund | $77,600 | $5,100 | $15,400 | $1,700 |
Fidelity Pacific Basin Fund | $52,500 | $4,900 | $12,700 | $1,700 |
Fidelity Series Canada Fund | $43,400 | $4,100 | $11,000 | $1,400 |
Fidelity Series International Growth Fund | $52,600 | $3,700 | $13,200 | $1,300 |
Fidelity Sustainable Emerging Markets Equity Fund | $40,600 | $2,900 | $11,300 | $1,000 |
Fidelity Total Emerging Markets Fund | $53,200 | $4,800 | $10,100 | $1,600 |
A Amounts may reflect rounding.
B Fidelity Sustainable Emerging Markets Equity Fund commenced operations on February 10, 2022
The following table(s) present(s) fees billed by Deloitte Entities and PwC that were required to be approved by the Audit Committee for services that relate directly to the operations and financial reporting of the Fund(s) and that are rendered on behalf of Fidelity Management & Research Company LLC ("FMR") and entities controlling, controlled by, or under common control with FMR (not including any sub-adviser whose
role is primarily portfolio management and is subcontracted with or overseen by another investment adviser) that provide ongoing services to the Fund(s) (“Fund Service Providers”):
Services Billed by Deloitte Entities
October 31, 2023A,C | October 31, 2022A,B,C | |
Audit-Related Fees | $- | $- |
Tax Fees | $- | $- |
All Other Fees | $- | $- |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity SAI Sustainable Emerging Markets Equity Fund, Fidelity SAI Sustainable International Equity Fund and Fidelity Sustainable International Equity Funds’ commencement of operations.
C Fidelity Series Select International Small Cap Fund, Fidelity Series Sustainable Emerging Markets Fund and Fidelity Series Sustainable Non-U.S. Developed Markets Funds’ commencement of operations.
Services Billed by PwC
October 31, 2023A | October 31, 2022A,B | |
Audit-Related Fees | $8,284,200 | $7,914,600 |
Tax Fees | $1,000 | $1,000 |
All Other Fees | $- | $- |
A Amounts may reflect rounding
B May include amounts billed prior to the Fidelity Sustainable Emerging Markets Equity Fund’s commencement of operations.
“Audit-Related Fees” represent fees billed for assurance and related services that are reasonably related to the performance of the fund audit or the review of the fund's financial statements and that are not reported under Audit Fees.
“Tax Fees” represent fees billed for tax compliance, tax advice or tax planning that relate directly to the operations and financial reporting of the fund.
“All Other Fees” represent fees billed for services provided to the fund or Fund Service Provider, a significant portion of which are assurance related, that relate directly to the operations and financial reporting of the fund, excluding those services that are reported under Audit Fees, Audit-Related Fees or Tax Fees.
Assurance services must be performed by an independent public accountant.
* * *
The aggregate non-audit fees billed by Deloitte Entities and PwC for services rendered to the Fund(s), FMR (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any Fund Service Provider for each of the last two fiscal years of the Fund(s) are as follows:
Billed By | October 31, 2023A,C | October 31, 2022A,B,C |
Deloitte Entities | $520,800 | $682,700 |
PwC | $14,077,300 | $13,266,000 |
A Amounts may reflect rounding.
B May include amounts billed prior to the Fidelity SAI Sustainable Emerging Markets Equity Fund, Fidelity SAI Sustainable International Equity Fund, Fidelity Sustainable Emerging Markets Equity Fund and Fidelity Sustainable International Equity Funds’ commencement of operations.
C Fidelity Series Select International Small Cap Fund, Fidelity Series Sustainable Emerging Markets Fund and Fidelity Series Sustainable Non-U.S. Developed Markets Funds’ commencement of operations.
The trust's Audit Committee has considered non-audit services that were not pre-approved that were provided by Deloitte Entities and PwC to Fund Service Providers to be compatible with maintaining the independence of Deloitte Entities and PwC in its(their) audit of the Fund(s), taking into account representations from Deloitte Entities and PwC, in accordance with Public Company Accounting Oversight Board rules, regarding its independence from the Fund(s) and its(their) related entities and FMR’s review of the appropriateness and permissibility under applicable law of such non-audit services prior to their provision to the Fund(s) Service Providers.
Audit Committee Pre-Approval Policies and Procedures
The trust’s Audit Committee must pre-approve all audit and non-audit services provided by a fund’s independent registered public accounting firm relating to the operations or financial reporting of the fund. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.
The Audit Committee has adopted policies and procedures to, among other purposes, provide a framework for the Committee’s consideration of non-audit services by the audit firms that audit the Fidelity funds. The policies and procedures require that any non-audit
service provided by a fund audit firm to a Fidelity fund and any non-audit service provided by a fund auditor to a Fund Service Provider that relates directly to the operations and financial reporting of a Fidelity fund (“Covered Service”) are subject to approval by the Audit Committee before such service is provided.
All Covered Services must be approved in advance of provision of the service either: (i) by formal resolution of the Audit Committee, or (ii) by oral or written approval of the service by the Chair of the Audit Committee (or if the Chair is unavailable, such other member of the Audit Committee as may be designated by the Chair to act in the Chair’s absence). The approval contemplated by (ii) above is permitted where the Treasurer determines that action on such an engagement is necessary before the next meeting of the Audit Committee.
Non-audit services provided by a fund audit firm to a Fund Service Provider that do not relate directly to the operations and financial reporting of a Fidelity fund are reported to the Audit Committee periodically.
Non-Audit Services Approved Pursuant to Rule 2-01(c)(7)(i)(C) and (ii) of Regulation S-X (“De Minimis Exception”)
There were no non-audit services approved or required to be approved by the Audit Committee pursuant to the De Minimis Exception during the Fund’s(s’) last two fiscal years relating to services provided to (i) the Fund(s) or (ii) any Fund Service Provider that relate directly to the operations and financial reporting of the Fund(s).
The Registrant has not retained, for the preparation of the audit report on the financial statements included in the Form N-CSR, a registered public accounting firm that has a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board (the “PCAOB”) has determined that the PCAOB is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.
The Registrant is not a “foreign issuer,” as defined in 17 CFR 240.3b-4.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable.
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the trust’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable assurances that material information relating to the trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH. |
(a) | (2) | |
(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: | December 21, 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: | December 21, 2023 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer | |
Date: | December 21, 2023 |