UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-04008
Fidelity Investment Trust
(Exact name of registrant as specified in charter)
245 Summer St., Boston, MA 02210
(Address of principal executive offices) (Zip code)
Margaret Carey, Secretary
245 Summer St.
Boston, Massachusetts 02210
(Name and address of agent for service)
Registrant's telephone number, including area code:
617-563-7000
Date of fiscal year end: | October 31 |
Date of reporting period: | April 30, 2024 |
Item 1.
Reports to Stockholders
Contents
Top Holdings (% of Fund's net assets) | ||
Royal Bank of Canada (Banks) | 7.4 | |
The Toronto-Dominion Bank (Banks) | 6.4 | |
Canadian Pacific Kansas City Ltd. (Ground Transportation) | 6.3 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 5.7 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Consumer Staples Distribution & Retail) | 5.3 | |
Constellation Software, Inc. (Software) | 5.2 | |
PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) | 3.9 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 3.8 | |
Franco-Nevada Corp. (Metals & Mining) | 3.4 | |
Shopify, Inc. Class A (IT Services) | 3.1 | |
50.5 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 26.1 | |
Energy | 18.4 | |
Industrials | 14.1 | |
Materials | 11.2 | |
Information Technology | 9.9 | |
Consumer Staples | 8.7 | |
Consumer Discretionary | 6.9 | |
Communication Services | 3.1 | |
Health Care | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.9% | |||
Diversified Telecommunication Services - 1.8% | |||
Quebecor, Inc.: | |||
Class A | 345,300 | 7,048,219 | |
Class B (sub. vtg.) | 170,500 | 3,528,526 | |
TELUS Corp. | 339,500 | 5,452,617 | |
16,029,362 | |||
Wireless Telecommunication Services - 1.1% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 274,000 | 10,264,178 | |
TOTAL COMMUNICATION SERVICES | 26,293,540 | ||
CONSUMER DISCRETIONARY - 6.9% | |||
Broadline Retail - 3.1% | |||
Dollarama, Inc. | 337,000 | 28,112,505 | |
Hotels, Restaurants & Leisure - 2.3% | |||
Restaurant Brands International, Inc. | 272,500 | 20,673,301 | |
Specialty Retail - 0.9% | |||
Aritzia, Inc. (a) | 156,100 | 4,041,262 | |
Diversified Royalty Corp. (b) | 1,909,400 | 3,869,703 | |
7,910,965 | |||
Textiles, Apparel & Luxury Goods - 0.6% | |||
Canada Goose Holdings, Inc. (a)(b) | 126,476 | 1,427,696 | |
Gildan Activewear, Inc. | 125,307 | 4,343,624 | |
5,771,320 | |||
TOTAL CONSUMER DISCRETIONARY | 62,468,091 | ||
CONSUMER STAPLES - 8.7% | |||
Beverages - 0.1% | |||
GURU Organic Energy Corp. (a)(b) | 322,600 | 595,216 | |
Consumer Staples Distribution & Retail - 8.2% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 867,700 | 48,091,752 | |
Metro, Inc. | 365,595 | 18,701,340 | |
North West Co., Inc. (b) | 257,500 | 7,298,623 | |
74,091,715 | |||
Personal Care Products - 0.4% | |||
Jamieson Wellness, Inc. (c) | 186,100 | 3,535,042 | |
TOTAL CONSUMER STAPLES | 78,221,973 | ||
ENERGY - 18.4% | |||
Energy Equipment & Services - 0.7% | |||
Pason Systems, Inc. | 602,800 | 6,852,737 | |
Oil, Gas & Consumable Fuels - 17.7% | |||
Cameco Corp. | 252,600 | 11,524,938 | |
Canadian Natural Resources Ltd. | 672,998 | 50,998,548 | |
Enbridge, Inc. | 363,100 | 12,910,867 | |
MEG Energy Corp. (a) | 133,200 | 3,029,450 | |
Parkland Corp. | 374,600 | 11,540,178 | |
PrairieSky Royalty Ltd. (b) | 1,855,318 | 35,350,300 | |
Suncor Energy, Inc. | 904,700 | 34,521,404 | |
159,875,685 | |||
TOTAL ENERGY | 166,728,422 | ||
FINANCIALS - 26.1% | |||
Banks - 13.8% | |||
Royal Bank of Canada | 691,100 | 66,863,477 | |
The Toronto-Dominion Bank (b) | 974,500 | 57,812,382 | |
124,675,859 | |||
Capital Markets - 5.4% | |||
Brookfield Asset Management Ltd. Class A | 383,401 | 14,646,467 | |
Brookfield Corp. (Canada) Class A | 508,106 | 20,381,080 | |
TMX Group Ltd. | 535,900 | 14,189,195 | |
49,216,742 | |||
Insurance - 6.9% | |||
Definity Financial Corp. | 439,413 | 14,647,632 | |
Intact Financial Corp. | 133,425 | 21,930,102 | |
Sun Life Financial, Inc. | 498,200 | 25,437,459 | |
62,015,193 | |||
TOTAL FINANCIALS | 235,907,794 | ||
HEALTH CARE - 0.8% | |||
Health Care Providers & Services - 0.8% | |||
Andlauer Healthcare Group, Inc. (b) | 234,600 | 7,107,955 | |
INDUSTRIALS - 14.1% | |||
Commercial Services & Supplies - 2.3% | |||
GFL Environmental, Inc. | 655,600 | 20,920,719 | |
Ground Transportation - 8.8% | |||
Canadian National Railway Co. (b) | 185,450 | 22,508,873 | |
Canadian Pacific Kansas City Ltd. (b) | 722,762 | 56,701,628 | |
79,210,501 | |||
Professional Services - 3.0% | |||
Thomson Reuters Corp. | 179,700 | 27,141,990 | |
TOTAL INDUSTRIALS | 127,273,210 | ||
INFORMATION TECHNOLOGY - 9.8% | |||
IT Services - 3.1% | |||
Shopify, Inc. Class A (a) | 405,100 | 28,440,718 | |
Software - 6.7% | |||
ApplyBoard, Inc. (a)(d)(e) | 1,677 | 98,373 | |
ApplyBoard, Inc. (non-vtg.) (a)(d)(e) | 414 | 24,285 | |
Computer Modelling Group Ltd. | 489,300 | 3,902,600 | |
Constellation Software, Inc. | 18,100 | 46,599,693 | |
Constellation Software, Inc. warrants 3/31/40 (a)(e) | 19,300 | 1 | |
Dye & Durham Ltd. | 717,900 | 7,655,375 | |
Lumine Group, Inc. (a) | 86,107 | 2,358,693 | |
60,639,020 | |||
TOTAL INFORMATION TECHNOLOGY | 89,079,738 | ||
MATERIALS - 11.2% | |||
Chemicals - 2.1% | |||
Nutrien Ltd. | 363,581 | 19,171,427 | |
Containers & Packaging - 1.2% | |||
CCL Industries, Inc.: | |||
Class A | 25,900 | 1,344,998 | |
Class B | 194,200 | 9,917,016 | |
11,262,014 | |||
Metals & Mining - 7.2% | |||
First Quantum Minerals Ltd. | 167,400 | 2,125,560 | |
Franco-Nevada Corp. | 253,300 | 30,492,047 | |
Lundin Mining Corp. (b) | 656,600 | 7,497,731 | |
Triple Flag Precious Metals Corp. (b) | 182,800 | 2,947,852 | |
Wheaton Precious Metals Corp. | 423,500 | 22,063,284 | |
65,126,474 | |||
Paper & Forest Products - 0.7% | |||
Stella-Jones, Inc. | 106,223 | 6,171,297 | |
TOTAL MATERIALS | 101,731,212 | ||
TOTAL COMMON STOCKS (Cost $461,320,145) | 894,811,935 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.1% | |||
Software - 0.1% | |||
ApplyBoard, Inc.: | |||
Series A1 (a)(d)(e) | 2,063 | 121,016 | |
Series A2 (a)(d)(e) | 1,615 | 94,736 | |
Series A3 (a)(d)(e) | 92 | 5,397 | |
Series D (a)(d)(e) | 4,504 | 264,205 | |
Series Seed (a)(d)(e) | 617 | 36,193 | |
(Cost $770,130) | 521,547 | ||
Convertible Bonds - 0.2% | |||
Principal Amount (f) | Value ($) | ||
COMMUNICATION SERVICES - 0.2% | |||
Entertainment - 0.2% | |||
Cineplex, Inc. 7.75% 3/1/30 (c) (Cost $1,466,259) | CAD | 2,190,000 | 1,756,804 |
Money Market Funds - 2.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 431,773 | 431,859 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 21,520,975 | 21,523,127 | |
TOTAL MONEY MARKET FUNDS (Cost $21,954,986) | 21,954,986 | ||
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $485,511,520) | 919,045,272 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (14,029,619) |
NET ASSETS - 100.0% | 905,015,653 |
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 $5,291,846 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 $644,205 or 0.1% of net assets. |
(e) | Level 3 security |
(f) | Amount is stated in United States dollars unless otherwise noted. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ApplyBoard, Inc. | 6/04/21 - 6/30/21 | 85,688 |
ApplyBoard, Inc. (non-vtg.) | 6/30/21 | 44,290 |
ApplyBoard, Inc. Series A1 | 6/04/21 | 133,582 |
ApplyBoard, Inc. Series A2 | 6/04/21 | 104,573 |
ApplyBoard, Inc. Series A3 | 6/04/21 | 5,957 |
ApplyBoard, Inc. Series D | 6/04/21 | 486,066 |
ApplyBoard, Inc. Series Seed | 6/04/21 | 39,952 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 373,341 | 21,298,408 | 21,239,840 | 10,346 | (50) | - | 431,859 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 22,380,495 | 717,433,078 | 718,290,446 | 139,327 | - | - | 21,523,127 | 0.1% |
Total | 22,753,836 | 738,731,486 | 739,530,286 | 149,673 | (50) | - | 21,954,986 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 26,293,540 | 26,293,540 | - | - |
Consumer Discretionary | 62,468,091 | 62,468,091 | - | - |
Consumer Staples | 78,221,973 | 78,221,973 | - | - |
Energy | 166,728,422 | 166,728,422 | - | - |
Financials | 235,907,794 | 235,907,794 | - | - |
Health Care | 7,107,955 | 7,107,955 | - | - |
Industrials | 127,273,210 | 127,273,210 | - | - |
Information Technology | 89,601,285 | 88,957,079 | - | 644,206 |
Materials | 101,731,212 | 101,731,212 | - | - |
Corporate Bonds | 1,756,804 | - | 1,756,804 | - |
Money Market Funds | 21,954,986 | 21,954,986 | - | - |
Total Investments in Securities: | 919,045,272 | 916,644,262 | 1,756,804 | 644,206 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $19,727,576) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $463,556,534) | $ | 897,090,286 | ||
Fidelity Central Funds (cost $21,954,986) | 21,954,986 | |||
Total Investment in Securities (cost $485,511,520) | $ | 919,045,272 | ||
Cash | 7,810 | |||
Foreign currency held at value (cost $7,697,665) | 7,650,107 | |||
Receivable for investments sold | 280,177 | |||
Receivable for fund shares sold | 100,621 | |||
Dividends receivable | 1,056,005 | |||
Interest receivable | 10,809 | |||
Distributions receivable from Fidelity Central Funds | 21,000 | |||
Prepaid expenses | 311 | |||
Total assets | 928,172,112 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 797,098 | ||
Accrued management fee | 791,645 | |||
Distribution and service plan fees payable | 10,252 | |||
Other payables and accrued expenses | 37,912 | |||
Collateral on securities loaned | 21,519,552 | |||
Total liabilities | 23,156,459 | |||
Net Assets | $ | 905,015,653 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 453,136,157 | ||
Total accumulated earnings (loss) | 451,879,496 | |||
Net Assets | $ | 905,015,653 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($30,803,687 ÷ 472,337 shares)(a) | $ | 65.22 | ||
Maximum offering price per share (100/94.25 of $65.22) | $ | 69.20 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,837,140 ÷ 105,298 shares)(a) | $ | 64.93 | ||
Maximum offering price per share (100/96.50 of $64.93) | $ | 67.28 | ||
Class C : | ||||
Net Asset Value and offering price per share ($859,838 ÷ 13,335 shares)(a) | $ | 64.48 | ||
Canada : | ||||
Net Asset Value, offering price and redemption price per share ($848,514,021 ÷ 12,955,277 shares) | $ | 65.50 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($12,574,978 ÷ 191,816 shares) | $ | 65.56 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($5,425,989 ÷ 83,106 shares) | $ | 65.29 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 10,869,576 | ||
Income from Fidelity Central Funds (including $139,327 from security lending) | 149,673 | |||
Income before foreign taxes withheld | $ | 11,019,249 | ||
Less foreign taxes withheld | (1,686,628) | |||
Total income | 9,332,621 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 3,307,903 | ||
Performance adjustment | 868,710 | |||
Transfer agent fees | 509,686 | |||
Distribution and service plan fees | 61,010 | |||
Accounting fees | 135,482 | |||
Custodian fees and expenses | 12,282 | |||
Independent trustees' fees and expenses | 2,275 | |||
Registration fees | 64,168 | |||
Audit | 32,240 | |||
Legal | 1,667 | |||
Miscellaneous | 1,765 | |||
Total expenses before reductions | 4,997,188 | |||
Expense reductions | (40,765) | |||
Total expenses after reductions | 4,956,423 | |||
Net Investment income (loss) | 4,376,198 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 19,247,220 | |||
Fidelity Central Funds | (50) | |||
Foreign currency transactions | (35,474) | |||
Total net realized gain (loss) | 19,211,696 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 111,898,561 | |||
Assets and liabilities in foreign currencies | (37,585) | |||
Total change in net unrealized appreciation (depreciation) | 111,860,976 | |||
Net gain (loss) | 131,072,672 | |||
Net increase (decrease) in net assets resulting from operations | $ | 135,448,870 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,376,198 | $ | 11,119,448 |
Net realized gain (loss) | 19,211,696 | 20,915,338 | ||
Change in net unrealized appreciation (depreciation) | 111,860,976 | (17,873,688) | ||
Net increase (decrease) in net assets resulting from operations | 135,448,870 | 14,161,098 | ||
Distributions to shareholders | (30,159,569) | (34,966,270) | ||
Share transactions - net increase (decrease) | (23,246,417) | (43,174,882) | ||
Total increase (decrease) in net assets | 82,042,884 | (63,980,054) | ||
Net Assets | ||||
Beginning of period | 822,972,769 | 886,952,823 | ||
End of period | $ | 905,015,653 | $ | 822,972,769 |
Fidelity Advisor® Canada Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 57.80 | $ | 59.44 | $ | 67.23 | $ | 46.01 | $ | 51.95 | $ | 49.75 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .22 | .57 | .63 | .55 | .61 | .66 | ||||||
Net realized and unrealized gain (loss) | 9.17 | (.01) C | (5.30) | 21.89 | (4.38) | 4.56 | ||||||
Total from investment operations | 9.39 | .56 | (4.67) | 22.44 | (3.77) | 5.22 | ||||||
Distributions from net investment income | (.65) | (.68) | (.61) | (.63) | (.77) | (.39) | ||||||
Distributions from net realized gain | (1.31) | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | ||||||
Total distributions | (1.97) D | (2.20) | (3.12) | (1.22) | (2.17) | (3.02) | ||||||
Net asset value, end of period | $ | 65.22 | $ | 57.80 | $ | 59.44 | $ | 67.23 | $ | 46.01 | $ | 51.95 |
Total Return E,F,G | 16.47 % | .88% | (7.06)% | 49.45% | (7.70)% | 11.34% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.37% J | 1.36% | 1.20% | 1.12% | 1.20% | 1.20% | ||||||
Expenses net of fee waivers, if any | 1.36 % J | 1.36% | 1.20% | 1.12% | 1.20% | 1.20% | ||||||
Expenses net of all reductions | 1.36% J | 1.35% | 1.20% | 1.12% | 1.19% | 1.19% | ||||||
Net investment income (loss) | .69% J | .94% | 1.00% | .92% | 1.27% | 1.32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 30,804 | $ | 28,548 | $ | 31,707 | $ | 33,087 | $ | 23,395 | $ | 30,598 |
Portfolio turnover rate K | 5 % J | 9% | 13% | 7% | 11% | 8% L |
Fidelity Advisor® Canada Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 57.49 | $ | 59.09 | $ | 66.84 | $ | 45.74 | $ | 51.67 | $ | 49.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .41 | .45 | .38 | .47 | .51 | ||||||
Net realized and unrealized gain (loss) | 9.11 | - C | (5.26) | 21.78 | (4.36) | 4.55 | ||||||
Total from investment operations | 9.25 | .41 | (4.81) | 22.16 | (3.89) | 5.06 | ||||||
Distributions from net investment income | (.50) | (.49) | (.42) | (.47) | (.64) | (.22) | ||||||
Distributions from net realized gain | (1.31) | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | ||||||
Total distributions | (1.81) | (2.01) | (2.94) D | (1.06) | (2.04) | (2.85) | ||||||
Net asset value, end of period | $ | 64.93 | $ | 57.49 | $ | 59.09 | $ | 66.84 | $ | 45.74 | $ | 51.67 |
Total Return E,F,G | 16.30 % | .62% | (7.32)% | 49.04% | (7.95)% | 11.02% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.62% J | 1.63% | 1.48% | 1.40% | 1.47% | 1.49% | ||||||
Expenses net of fee waivers, if any | 1.61 % J | 1.63% | 1.48% | 1.39% | 1.47% | 1.48% | ||||||
Expenses net of all reductions | 1.61% J | 1.62% | 1.48% | 1.39% | 1.47% | 1.48% | ||||||
Net investment income (loss) | .44% J | .68% | .72% | .64% | .99% | 1.03% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,837 | $ | 6,255 | $ | 6,641 | $ | 7,829 | $ | 5,911 | $ | 8,589 |
Portfolio turnover rate K | 5 % J | 9% | 13% | 7% | 11% | 8% L |
Fidelity Advisor® Canada Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 56.91 | $ | 58.39 | $ | 65.76 | $ | 44.96 | $ | 50.61 | $ | 48.48 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.02) | .10 | .14 | .08 | .24 | .29 | ||||||
Net realized and unrealized gain (loss) | 9.05 | - C | (5.19) | 21.46 | (4.31) | 4.47 | ||||||
Total from investment operations | 9.03 | .10 | (5.05) | 21.54 | (4.07) | 4.76 | ||||||
Distributions from net investment income | (.15) | (.05) | - | (.15) | (.18) | - | ||||||
Distributions from net realized gain | (1.31) | (1.52) | (2.32) | (.59) | (1.40) | (2.63) | ||||||
Total distributions | (1.46) | (1.58) D | (2.32) | (.74) | (1.58) | (2.63) | ||||||
Net asset value, end of period | $ | 64.48 | $ | 56.91 | $ | 58.39 | $ | 65.76 | $ | 44.96 | $ | 50.61 |
Total Return E,F,G | 16.03 % | .10% | (7.79)% | 48.31% | (8.39)% | 10.53% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.12% J | 2.14% | 1.99% | 1.90% | 1.95% | 1.92% | ||||||
Expenses net of fee waivers, if any | 2.11 % J | 2.13% | 1.98% | 1.90% | 1.95% | 1.92% | ||||||
Expenses net of all reductions | 2.11% J | 2.13% | 1.98% | 1.90% | 1.95% | 1.91% | ||||||
Net investment income (loss) | (.06)% J | .16% | .22% | .14% | .51% | .60% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 860 | $ | 844 | $ | 1,109 | $ | 1,683 | $ | 3,151 | $ | 6,226 |
Portfolio turnover rate K | 5 % J | 9% | 13% | 7% | 11% | 8% L |
Fidelity® Canada Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 58.14 | $ | 59.79 | $ | 67.62 | $ | 46.26 | $ | 52.21 | $ | 50.02 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .77 | .83 | .74 | .76 | .82 | ||||||
Net realized and unrealized gain (loss) | 9.22 | (.03) C | (5.33) | 21.99 | (4.38) | 4.58 | ||||||
Total from investment operations | 9.53 | .74 | (4.50) | 22.73 | (3.62) | 5.40 | ||||||
Distributions from net investment income | (.86) | (.87) | (.82) | (.78) | (.92) | (.58) | ||||||
Distributions from net realized gain | (1.31) | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | ||||||
Total distributions | (2.17) | (2.39) | (3.33) | (1.37) | (2.33) D | (3.21) | ||||||
Net asset value, end of period | $ | 65.50 | $ | 58.14 | $ | 59.79 | $ | 67.62 | $ | 46.26 | $ | 52.21 |
Total Return E,F | 16.64 % | 1.18% | (6.77)% | 49.91% | (7.40)% | 11.70% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.08% I | 1.05% | .89% | .80% | .88% | .88% | ||||||
Expenses net of fee waivers, if any | 1.07 % I | 1.04% | .88% | .80% | .88% | .88% | ||||||
Expenses net of all reductions | 1.07% I | 1.04% | .88% | .80% | .88% | .87% | ||||||
Net investment income (loss) | .98% I | 1.25% | 1.32% | 1.24% | 1.58% | 1.64% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 848,514 | $ | 774,062 | $ | 825,488 | $ | 821,617 | $ | 612,716 | $ | 803,629 |
Portfolio turnover rate J | 5 % I | 9% | 13% | 7% | 11% | 8% K |
Fidelity Advisor® Canada Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 58.19 | $ | 59.84 | $ | 67.70 | $ | 46.24 | $ | 52.11 | $ | 49.93 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .78 | .85 | .78 | .79 | .85 | ||||||
Net realized and unrealized gain (loss) | 9.23 | (.03) C | (5.34) | 22.00 | (4.39) | 4.55 | ||||||
Total from investment operations | 9.54 | .75 | (4.49) | 22.78 | (3.60) | 5.40 | ||||||
Distributions from net investment income | (.86) | (.88) | (.86) | (.73) | (.87) | (.59) | ||||||
Distributions from net realized gain | (1.31) | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | ||||||
Total distributions | (2.17) | (2.40) | (3.37) | (1.32) | (2.27) | (3.22) | ||||||
Net asset value, end of period | $ | 65.56 | $ | 58.19 | $ | 59.84 | $ | 67.70 | $ | 46.24 | $ | 52.11 |
Total Return D,E | 16.65 % | 1.20% | (6.74)% | 50.02% | (7.35)% | 11.74% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.10% H | 1.03% | .86% | .74% | .81% | .84% | ||||||
Expenses net of fee waivers, if any | 1.09 % H | 1.03% | .86% | .74% | .81% | .84% | ||||||
Expenses net of all reductions | 1.09% H | 1.03% | .86% | .74% | .81% | .83% | ||||||
Net investment income (loss) | .96% H | 1.27% | 1.34% | 1.29% | 1.65% | 1.68% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,575 | $ | 10,571 | $ | 16,165 | $ | 13,724 | $ | 8,392 | $ | 14,507 |
Portfolio turnover rate I | 5 % H | 9% | 13% | 7% | 11% | 8% J |
Fidelity Advisor® Canada Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 58.01 | $ | 59.55 | $ | 67.38 | $ | 46.11 | $ | 52.07 | $ | 49.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .34 | .85 | .92 | .82 | .84 | .92 | ||||||
Net realized and unrealized gain (loss) | 9.19 | (.03) C | (5.33) | 21.91 | (4.37) | 4.53 | ||||||
Total from investment operations | 9.53 | .82 | (4.41) | 22.73 | (3.53) | 5.45 | ||||||
Distributions from net investment income | (.94) | (.84) | (.91) | (.87) | (1.03) | (.69) | ||||||
Distributions from net realized gain | (1.31) | (1.52) | (2.51) | (.59) | (1.40) | (2.63) | ||||||
Total distributions | (2.25) | (2.36) | (3.42) | (1.46) | (2.43) | (3.32) | ||||||
Net asset value, end of period | $ | 65.29 | $ | 58.01 | $ | 59.55 | $ | 67.38 | $ | 46.11 | $ | 52.07 |
Total Return D,E | 16.70 % | 1.33% | (6.66)% | 50.13% | (7.24)% | 11.87% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .98% H | .92% | .75% | .66% | .72% | .72% | ||||||
Expenses net of fee waivers, if any | .98 % H | .91% | .75% | .66% | .72% | .72% | ||||||
Expenses net of all reductions | .98% H | .91% | .75% | .66% | .72% | .71% | ||||||
Net investment income (loss) | 1.07% H | 1.38% | 1.45% | 1.38% | 1.74% | 1.80% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,426 | $ | 2,692 | $ | 5,843 | $ | 22,010 | $ | 15,221 | $ | 20,496 |
Portfolio turnover rate I | 5 % H | 9% | 13% | 7% | 11% | 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% |
Gross unrealized appreciation | $441,906,187 |
Gross unrealized depreciation | (11,199,725) |
Net unrealized appreciation (depreciation) | $430,706,462 |
Tax cost | $488,338,810 |
Purchases ($) | Sales ($) | |
Fidelity Canada Fund | 21,713,453 | 78,196,576 |
Maximum Management Fee Rate % | |
Class A | .89 |
Class M | .89 |
Class C | .89 |
Canada | .86 |
Class I | .84 |
Class Z | .73 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
Canada | .83 |
Class I | .84 |
Class Z | .72 |
Performance Adjustment Index | |
Fidelity Canada Fund | S&P/TSX Composite Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 39,066 | 267 |
Class M | .25% | .25% | 17,328 | 114 |
Class C | .75% | .25% | 4,616 | 547 |
61,010 | 928 |
Retained by FDC ($) | |
Class A | 1,337 |
Class M | 199 |
Class CA | 62 |
1,598 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Canada | .1694 |
Class I | .1500 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 21,349 | .21 |
Class M | 4,797 | .21 |
Class C | 645 | .21 |
Canada | 476,108 | .17 |
Class I | 6,351 | .15 |
Class Z | 436 | .04 |
509,686 |
% of Average Net Assets | |
Fidelity Canada Fund | .0450 |
% of Average Net Assets | |
Fidelity Canada Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Canada Fund | 1,356,932 | 14,079,740 | 4,861,103 |
Amount ($) | |
Fidelity Canada Fund | 832 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Canada Fund | 15,634 | - | - |
Expense reduction ($) | |
Class A | 20 |
Class M | 93 |
113 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Canada Fund | ||
Distributions to shareholders | ||
Class A | $956,471 | $1,149,850 |
Class M | 195,471 | 223,562 |
Class C | 21,926 | 28,556 |
Canada | 28,479,448 | 32,768,937 |
Class I | 395,367 | 643,345 |
Class Z | 110,886 | 152,020 |
Total | $30,159,569 | $34,966,270 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Canada Fund | ||||
Class A | ||||
Shares sold | 8,626 | 21,447 | $556,829 | $1,305,304 |
Reinvestment of distributions | 15,002 | 18,742 | 916,003 | 1,102,198 |
Shares redeemed | (45,187) | (79,708) | (2,895,316) | (4,871,865) |
Net increase (decrease) | (21,559) | (39,519) | $(1,422,484) | $(2,464,363) |
Class M | ||||
Shares sold | 1,231 | 3,145 | $78,516 | $189,947 |
Reinvestment of distributions | 3,195 | 3,795 | 194,459 | 222,444 |
Shares redeemed | (7,935) | (10,510) | (510,430) | (631,738) |
Net increase (decrease) | (3,509) | (3,570) | $(237,455) | $(219,347) |
Class C | ||||
Shares sold | 870 | 1,809 | $54,184 | $108,691 |
Reinvestment of distributions | 362 | 490 | 21,926 | 28,556 |
Shares redeemed | (2,732) | (6,450) | (174,660) | (390,489) |
Net increase (decrease) | (1,500) | (4,151) | $(98,550) | $(253,242) |
Canada | ||||
Shares sold | 188,612 | 602,311 | $12,164,487 | $36,851,268 |
Reinvestment of distributions | 435,957 | 524,933 | 26,706,738 | 30,971,047 |
Shares redeemed | (982,172) | (1,620,750) | (63,379,056) | (99,399,772) |
Net increase (decrease) | (357,603) | (493,506) | $(24,507,831) | $(31,577,457) |
Class I | ||||
Shares sold | 103,336 | 65,023 | $6,729,042 | $3,953,919 |
Reinvestment of distributions | 6,203 | 10,141 | 380,299 | 598,723 |
Shares redeemed | (99,376) | (163,668) | (6,475,513) | (10,006,385) |
Net increase (decrease) | 10,163 | (88,504) | $633,828 | $(5,453,743) |
Class Z | ||||
Shares sold | 49,417 | 28,551 | $3,213,045 | $1,711,374 |
Reinvestment of distributions | 1,551 | 2,264 | 94,654 | 133,088 |
Shares redeemed | (14,275) | (82,521) | (921,624) | (5,051,192) |
Net increase (decrease) | 36,693 | (51,706) | $2,386,075 | $(3,206,730) |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Semiconductors & Semiconductor Equipment) | 24.9 | |
Tencent Holdings Ltd. (Interactive Media & Services) | 10.4 | |
Alibaba Group Holding Ltd. (Broadline Retail) | 5.3 | |
AIA Group Ltd. (Insurance) | 3.4 | |
PDD Holdings, Inc. ADR (Broadline Retail) | 3.3 | |
Meituan Class B (Hotels, Restaurants & Leisure) | 3.2 | |
China Construction Bank Corp. (H Shares) (Banks) | 2.8 | |
Zijin Mining Group Co. Ltd. (H Shares) (Metals & Mining) | 2.5 | |
Trip.com Group Ltd. (Hotels, Restaurants, Leisure) | 2.1 | |
Kweichow Moutai Co. Ltd. (A Shares) (Beverages) | 2.0 | |
59.9 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 32.8 | |
Consumer Discretionary | 20.7 | |
Communication Services | 14.8 | |
Financials | 12.2 | |
Consumer Staples | 4.0 | |
Industrials | 3.5 | |
Materials | 3.4 | |
Health Care | 3.2 | |
Energy | 1.3 | |
Real Estate | 1.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 94.5% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 13.9% | |||
Entertainment - 2.7% | |||
NetEase, Inc. | 1,042,700 | 19,545,037 | |
Sea Ltd. ADR (a) | 117,700 | 7,437,463 | |
26,982,500 | |||
Interactive Media & Services - 11.2% | |||
Baidu, Inc. Class A (a) | 396,000 | 5,130,412 | |
JOYY, Inc. ADR | 77,300 | 2,521,526 | |
Tencent Holdings Ltd. | 2,387,700 | 104,779,918 | |
112,431,856 | |||
TOTAL COMMUNICATION SERVICES | 139,414,356 | ||
CONSUMER DISCRETIONARY - 20.7% | |||
Automobile Components - 0.8% | |||
Fuyao Glass Industries Group Co. Ltd. (H Shares) (b) | 1,278,400 | 7,653,862 | |
Automobiles - 1.2% | |||
BYD Co. Ltd. (H Shares) | 146,500 | 4,015,943 | |
Li Auto, Inc. ADR (a) | 315,500 | 8,291,340 | |
12,307,283 | |||
Broadline Retail - 8.6% | |||
Alibaba Group Holding Ltd. | 5,675,200 | 53,137,264 | |
PDD Holdings, Inc. ADR (a) | 261,605 | 32,747,714 | |
85,884,978 | |||
Diversified Consumer Services - 1.0% | |||
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 131,100 | 10,107,810 | |
Hotels, Restaurants & Leisure - 6.2% | |||
Galaxy Entertainment Group Ltd. | 1,341,000 | 6,016,923 | |
Meituan Class B (a)(b) | 2,328,458 | 31,794,002 | |
TravelSky Technology Ltd. (H Shares) | 2,209,000 | 2,869,562 | |
Trip.com Group Ltd. (a) | 108,000 | 5,260,395 | |
Trip.com Group Ltd. ADR (a) | 338,700 | 16,345,662 | |
62,286,544 | |||
Household Durables - 1.3% | |||
Chervon Holdings Ltd. | 315,700 | 766,697 | |
Haier Smart Home Co. Ltd. (A Shares) | 3,037,027 | 12,635,002 | |
13,401,699 | |||
Textiles, Apparel & Luxury Goods - 1.6% | |||
LVMH Moet Hennessy Louis Vuitton SE | 7,000 | 5,750,054 | |
Shenzhou International Group Holdings Ltd. | 1,051,400 | 10,334,434 | |
16,084,488 | |||
TOTAL CONSUMER DISCRETIONARY | 207,726,664 | ||
CONSUMER STAPLES - 4.0% | |||
Beverages - 2.4% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 86,445 | 20,268,430 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 189,460 | 3,918,252 | |
24,186,682 | |||
Food Products - 0.9% | |||
Uni-President Enterprises Corp. | 3,628,000 | 8,494,732 | |
Personal Care Products - 0.7% | |||
Proya Cosmetics Co. Ltd.: | |||
(A Shares) | 383,164 | 5,781,059 | |
(A Shares) | 109,100 | 1,646,067 | |
7,427,126 | |||
TOTAL CONSUMER STAPLES | 40,108,540 | ||
ENERGY - 1.3% | |||
Energy Equipment & Services - 0.7% | |||
China Oilfield Services Ltd. (H Shares) | 6,506,000 | 6,956,909 | |
Oil, Gas & Consumable Fuels - 0.6% | |||
PetroChina Co. Ltd. (H Shares) | 6,816,000 | 6,350,750 | |
TOTAL ENERGY | 13,307,659 | ||
FINANCIALS - 12.2% | |||
Banks - 5.8% | |||
China Construction Bank Corp. (H Shares) | 43,784,610 | 28,328,252 | |
E.SUN Financial Holdings Co. Ltd. | 14,361,185 | 12,046,280 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 32,927,000 | 17,656,398 | |
58,030,930 | |||
Capital Markets - 0.7% | |||
Hong Kong Exchanges and Clearing Ltd. | 231,200 | 7,346,247 | |
Financial Services - 1.0% | |||
Far East Horizon Ltd. | 13,368,500 | 9,923,548 | |
Insurance - 4.7% | |||
AIA Group Ltd. | 4,653,000 | 34,080,238 | |
China Pacific Insurance (Group) Co. Ltd. (H Shares) | 2,992,000 | 6,555,707 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 664,500 | 3,011,569 | |
Prudential PLC | 368,600 | 3,205,843 | |
46,853,357 | |||
TOTAL FINANCIALS | 122,154,082 | ||
HEALTH CARE - 3.1% | |||
Biotechnology - 1.7% | |||
Abbisko Cayman Ltd. (a) | 6,601,000 | 2,758,312 | |
Innovent Biologics, Inc. (a)(b) | 1,040,000 | 5,034,603 | |
Legend Biotech Corp. ADR (a) | 116,000 | 5,073,840 | |
Zai Lab Ltd. (a)(c) | 615,700 | 989,621 | |
Zai Lab Ltd. ADR (a)(c) | 187,700 | 2,965,660 | |
16,822,036 | |||
Health Care Equipment & Supplies - 0.9% | |||
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(b) | 2,176,600 | 1,122,251 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 191,610 | 8,045,670 | |
9,167,921 | |||
Pharmaceuticals - 0.5% | |||
Asymchem Laboratories Tianjin Co. Ltd. (H Shares) (b)(c) | 637,940 | 5,189,433 | |
TOTAL HEALTH CARE | 31,179,390 | ||
INDUSTRIALS - 3.5% | |||
Aerospace & Defense - 0.1% | |||
Space Exploration Technologies Corp. Class A (a)(d)(e) | 10,000 | 970,000 | |
Air Freight & Logistics - 1.0% | |||
ZTO Express, Inc. sponsored ADR | 498,600 | 10,465,614 | |
Machinery - 2.3% | |||
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 248,913 | 2,041,326 | |
Sinotruk Hong Kong Ltd. | 2,125,000 | 5,288,510 | |
Techtronic Industries Co. Ltd. | 463,500 | 6,405,247 | |
Weichai Power Co. Ltd. (H Shares) | 3,359,000 | 6,863,656 | |
Zhejiang Sanhua Intelligent Controls Co. Ltd. (A Shares) | 693,784 | 2,094,414 | |
22,693,153 | |||
Trading Companies & Distributors - 0.1% | |||
ZKH Group Ltd. (A Shares) (h) | 4,123,666 | 1,287,161 | |
TOTAL INDUSTRIALS | 35,415,928 | ||
INFORMATION TECHNOLOGY - 31.2% | |||
Communications Equipment - 0.2% | |||
Zhongji Innolight Co. Ltd. (A Shares) | 79,300 | 1,998,921 | |
Electronic Equipment, Instruments & Components - 1.6% | |||
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 2,254,000 | 10,710,752 | |
Unimicron Technology Corp. | 431,000 | 2,379,203 | |
Yageo Corp. | 130,000 | 2,475,277 | |
15,565,232 | |||
Semiconductors & Semiconductor Equipment - 29.0% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 411,691 | 8,004,678 | |
eMemory Technology, Inc. | 162,481 | 10,901,343 | |
King Yuan Electronics Co. Ltd. | 1,577,000 | 4,580,600 | |
MediaTek, Inc. | 74,000 | 2,227,220 | |
Micron Technology, Inc. | 104,000 | 11,747,840 | |
NAURA Technology Group Co. Ltd. | 83,100 | 3,638,933 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 10,488,000 | 250,675,742 | |
291,776,356 | |||
Technology Hardware, Storage & Peripherals - 0.4% | |||
Wistron Corp. | 659,000 | 2,252,444 | |
Wiwynn Corp. | 26,000 | 1,846,327 | |
4,098,771 | |||
TOTAL INFORMATION TECHNOLOGY | 313,439,280 | ||
MATERIALS - 3.4% | |||
Chemicals - 0.1% | |||
Weihai Guangwei Composites Co. Ltd. (A Shares) | 169,692 | 608,465 | |
Containers & Packaging - 0.8% | |||
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 2,206,071 | 8,131,724 | |
Metals & Mining - 2.5% | |||
Zijin Mining Group Co. Ltd. (H Shares) | 11,700,000 | 25,523,216 | |
TOTAL MATERIALS | 34,263,405 | ||
REAL ESTATE - 1.2% | |||
Real Estate Management & Development - 1.2% | |||
China Resources Mixc Lifestyle Services Ltd. (b) | 1,671,600 | 5,883,638 | |
KE Holdings, Inc. ADR | 409,670 | 6,194,210 | |
12,077,848 | |||
TOTAL COMMON STOCKS (Cost $718,410,996) | 949,087,152 | ||
Preferred Stocks - 2.6% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 1.0% | |||
COMMUNICATION SERVICES - 0.9% | |||
Interactive Media & Services - 0.9% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 38,752 | 8,931,173 | |
HEALTH CARE - 0.1% | |||
Health Care Providers & Services - 0.1% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 275,211 | 1,356,790 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 10,287,963 | ||
Nonconvertible Preferred Stocks - 1.6% | |||
INFORMATION TECHNOLOGY - 1.6% | |||
Technology Hardware, Storage & Peripherals - 1.6% | |||
Samsung Electronics Co. Ltd. | 329,190 | 15,327,222 | |
TOTAL PREFERRED STOCKS (Cost $22,699,736) | 25,615,185 | ||
Money Market Funds - 3.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 29,899,090 | 29,905,070 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 6,458,449 | 6,459,095 | |
TOTAL MONEY MARKET FUNDS (Cost $36,364,165) | 36,364,165 | ||
TOTAL INVESTMENT IN SECURITIES - 100.7% (Cost $777,474,897) | 1,011,066,502 |
NET OTHER ASSETS (LIABILITIES) - (0.7)% | (6,552,572) |
NET ASSETS - 100.0% | 1,004,513,930 |
(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 $56,677,789 or 5.6% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $11,257,963 or 1.1% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
(h) | Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $1,287,161 and all restrictions are set to expire on or before June 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 4,246,219 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 3,908,863 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 419,990 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 13,693,950 | 126,151,574 | 109,940,379 | 647,614 | (75) | - | 29,905,070 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 6,127,633 | 23,115,242 | 22,783,780 | 13,596 | - | - | 6,459,095 | 0.0% |
Total | 19,821,583 | 149,266,816 | 132,724,159 | 661,210 | (75) | - | 36,364,165 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 148,345,529 | 9,958,989 | 129,455,367 | 8,931,173 |
Consumer Discretionary | 207,726,664 | 67,492,526 | 140,234,138 | - |
Consumer Staples | 40,108,540 | - | 40,108,540 | - |
Energy | 13,307,659 | - | 13,307,659 | - |
Financials | 122,154,082 | - | 122,154,082 | - |
Health Care | 32,536,180 | 8,039,500 | 23,139,890 | 1,356,790 |
Industrials | 35,415,928 | 10,465,614 | 23,980,314 | 970,000 |
Information Technology | 328,766,502 | 11,747,840 | 317,018,662 | - |
Materials | 34,263,405 | - | 34,263,405 | - |
Real Estate | 12,077,848 | 6,194,210 | 5,883,638 | - |
Money Market Funds | 36,364,165 | 36,364,165 | - | - |
Total Investments in Securities: | 1,011,066,502 | 150,262,844 | 849,545,695 | 11,257,963 |
Investments in Securities: | |||
Beginning Balance | $ | 12,643,995 | |
Net Realized Gain (Loss) on Investment Securities | - | ||
Net Unrealized Gain (Loss) on Investment Securities | (227,435) | ||
Cost of Purchases | - | ||
Proceeds of Sales | - | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (1,158,597) | ||
Ending Balance | $ | 11,257,963 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2024 | $ | (227,435) | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $6,151,460) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $741,110,732) | $ | 974,702,337 | ||
Fidelity Central Funds (cost $36,364,165) | 36,364,165 | |||
Total Investment in Securities (cost $777,474,897) | $ | 1,011,066,502 | ||
Foreign currency held at value (cost $11,539) | 11,173 | |||
Receivable for investments sold | 5,584,436 | |||
Receivable for fund shares sold | 636,047 | |||
Dividends receivable | 204,036 | |||
Distributions receivable from Fidelity Central Funds | 151,276 | |||
Prepaid expenses | 356 | |||
Other receivables | 16,883 | |||
Total assets | 1,017,670,709 | |||
Liabilities | ||||
Payable for investments purchased | $ | 5,417,114 | ||
Payable for fund shares redeemed | 397,317 | |||
Accrued management fee | 706,483 | |||
Distribution and service plan fees payable | 10,839 | |||
Other payables and accrued expenses | 165,931 | |||
Collateral on securities loaned | 6,459,095 | |||
Total liabilities | 13,156,779 | |||
Net Assets | $ | 1,004,513,930 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,018,218,749 | ||
Total accumulated earnings (loss) | (13,704,819) | |||
Net Assets | $ | 1,004,513,930 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($21,931,695 ÷ 646,230 shares)(a) | $ | 33.94 | ||
Maximum offering price per share (100/94.25 of $33.94) | $ | 36.01 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,813,480 ÷ 202,282 shares)(a) | $ | 33.68 | ||
Maximum offering price per share (100/96.50 of $33.68) | $ | 34.90 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,216,205 ÷ 130,305 shares)(a) | $ | 32.36 | ||
China Region : | ||||
Net Asset Value, offering price and redemption price per share ($831,436,933 ÷ 24,168,102 shares) | $ | 34.40 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($17,794,428 ÷ 521,141 shares) | $ | 34.15 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($122,321,189 ÷ 3,584,653 shares) | $ | 34.12 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 4,880,628 | ||
Non-Cash dividends | 276,815 | |||
Interest | 2,028 | |||
Income from Fidelity Central Funds (including $13,596 from security lending) | 661,210 | |||
Income before foreign taxes withheld | $ | 5,820,681 | ||
Less foreign taxes withheld | (580,905) | |||
Total income | 5,239,776 | |||
Expenses | ||||
Management fee | $ | 3,436,485 | ||
Transfer agent fees | 536,196 | |||
Distribution and service plan fees | 65,637 | |||
Accounting fees | 134,897 | |||
Custodian fees and expenses | 89,924 | |||
Independent trustees' fees and expenses | 2,353 | |||
Registration fees | 71,150 | |||
Audit | 46,317 | |||
Legal | 1,191 | |||
Miscellaneous | 1,926 | |||
Total expenses before reductions | 4,386,076 | |||
Expense reductions | (41,818) | |||
Total expenses after reductions | 4,344,258 | |||
Net Investment income (loss) | 895,518 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (43,450,114) | |||
Fidelity Central Funds | (75) | |||
Foreign currency transactions | (95,202) | |||
Total net realized gain (loss) | (43,545,391) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 156,376,965 | |||
Assets and liabilities in foreign currencies | (3,102) | |||
Total change in net unrealized appreciation (depreciation) | 156,373,863 | |||
Net gain (loss) | 112,828,472 | |||
Net increase (decrease) in net assets resulting from operations | $ | 113,723,990 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 895,518 | $ | 9,856,644 |
Net realized gain (loss) | (43,545,391) | (42,325,277) | ||
Change in net unrealized appreciation (depreciation) | 156,373,863 | 222,995,954 | ||
Net increase (decrease) in net assets resulting from operations | 113,723,990 | 190,527,321 | ||
Distributions to shareholders | (17,558,581) | (10,463,693) | ||
Share transactions - net increase (decrease) | 13,389,978 | (76,688,681) | ||
Total increase (decrease) in net assets | 109,555,387 | 103,374,947 | ||
Net Assets | ||||
Beginning of period | 894,958,543 | 791,583,596 | ||
End of period | $ | 1,004,513,930 | $ | 894,958,543 |
Fidelity Advisor® China Region Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.63 | $ | 24.85 | $ | 50.32 | $ | 50.90 | $ | 35.86 | $ | 28.73 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.01) | .22 | .14 | .06 | .08 | .15 | ||||||
Net realized and unrealized gain (loss) | 3.82 | 5.75 C | (20.99) | 1.95 | 15.11 | 7.10 | ||||||
Total from investment operations | 3.81 | 5.97 | (20.85) | 2.01 | 15.19 | 7.25 | ||||||
Distributions from net investment income | (.50) | (.19) | - | (.44) | (.15) | (.12) | ||||||
Distributions from net realized gain | - | - | (4.62) | (2.16) | - | - | ||||||
Total distributions | (.50) | (.19) | (4.62) | (2.59) D | (.15) | (.12) | ||||||
Net asset value, end of period | $ | 33.94 | $ | 30.63 | $ | 24.85 | $ | 50.32 | $ | 50.90 | $ | 35.86 |
Total Return E,F,G | 12.55 % | 23.98% C | (45.20)% | 3.65% | 42.52% | 25.30% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.20% J | 1.25% | 1.23% | 1.21% | 1.24% | 1.27% | ||||||
Expenses net of fee waivers, if any | 1.19 % J | 1.25% | 1.22% | 1.21% | 1.24% | 1.26% | ||||||
Expenses net of all reductions | 1.19% J | 1.25% | 1.22% | 1.21% | 1.22% | 1.26% | ||||||
Net investment income (loss) | (.07)% J | .66% | .38% | .11% | .18% | .44% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 21,932 | $ | 21,354 | $ | 19,362 | $ | 45,301 | $ | 39,303 | $ | 29,963 |
Portfolio turnover rate K | 20 % J | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.34 | $ | 24.61 | $ | 50.02 | $ | 50.64 | $ | 35.66 | $ | 28.55 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.05) | .13 | .03 | (.10) | (.05) | .04 | ||||||
Net realized and unrealized gain (loss) | 3.79 | 5.69 C | (20.82) | 1.96 | 15.04 | 7.07 | ||||||
Total from investment operations | 3.74 | 5.82 | (20.79) | 1.86 | 14.99 | 7.11 | ||||||
Distributions from net investment income | (.40) | (.09) | - | (.32) | (.01) | - | ||||||
Distributions from net realized gain | - | - | (4.62) | (2.16) | - | - | ||||||
Total distributions | (.40) | (.09) | (4.62) | (2.48) | (.01) | - | ||||||
Net asset value, end of period | $ | 33.68 | $ | 30.34 | $ | 24.61 | $ | 50.02 | $ | 50.64 | $ | 35.66 |
Total Return D,E,F | 12.43 % | 23.64% C | (45.37)% | 3.36% | 42.04% | 24.90% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.46% I | 1.52% | 1.53% | 1.50% | 1.56% | 1.59% | ||||||
Expenses net of fee waivers, if any | 1.45 % I | 1.52% | 1.53% | 1.50% | 1.56% | 1.59% | ||||||
Expenses net of all reductions | 1.45% I | 1.51% | 1.53% | 1.50% | 1.53% | 1.58% | ||||||
Net investment income (loss) | (.33)% I | .40% | .08% | (.18)% | (.13)% | .12% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,813 | $ | 6,610 | $ | 5,803 | $ | 12,623 | $ | 12,028 | $ | 9,251 |
Portfolio turnover rate J | 20 % I | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 29.03 | $ | 23.59 | $ | 48.34 | $ | 49.10 | $ | 34.71 | $ | 27.90 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.13) | (.02) | (.13) | (.35) | (.22) | (.09) | ||||||
Net realized and unrealized gain (loss) | 3.65 | 5.46 C | (20.00) | 1.92 | 14.61 | 6.90 | ||||||
Total from investment operations | 3.52 | 5.44 | (20.13) | 1.57 | 14.39 | 6.81 | ||||||
Distributions from net investment income | (.19) | - | - | (.17) | - | - | ||||||
Distributions from net realized gain | - | - | (4.62) | (2.16) | - | - | ||||||
Total distributions | (.19) | - | (4.62) | (2.33) | - | - | ||||||
Net asset value, end of period | $ | 32.36 | $ | 29.03 | $ | 23.59 | $ | 48.34 | $ | 49.10 | $ | 34.71 |
Total Return D,E,F | 12.17 % | 23.06% C | (45.60)% | 2.89% | 41.46% | 24.41% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.96% I | 1.97% | 1.96% | 1.96% | 1.98% | 2.00% | ||||||
Expenses net of fee waivers, if any | 1.95 % I | 1.96% | 1.96% | 1.96% | 1.98% | 2.00% | ||||||
Expenses net of all reductions | 1.95% I | 1.96% | 1.96% | 1.96% | 1.96% | 1.99% | ||||||
Net investment income (loss) | (.83)% I | (.05)% | (.36)% | (.65)% | (.55)% | (.29)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,216 | $ | 4,834 | $ | 5,784 | $ | 13,168 | $ | 11,308 | $ | 9,437 |
Portfolio turnover rate J | 20 % I | 24% | 20% | 60% | 60% | 80% |
Fidelity® China Region Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 31.11 | $ | 25.28 | $ | 51.03 | $ | 51.53 | $ | 36.30 | $ | 29.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .32 | .25 | .23 | .21 | .25 | ||||||
Net realized and unrealized gain (loss) | 3.88 | 5.85 C | (21.32) | 1.97 | 15.28 | 7.19 | ||||||
Total from investment operations | 3.91 | 6.17 | (21.07) | 2.20 | 15.49 | 7.44 | ||||||
Distributions from net investment income | (.62) | (.34) | (.06) | (.54) | (.26) | (.25) | ||||||
Distributions from net realized gain | - | - | (4.62) | (2.16) | - | - | ||||||
Total distributions | (.62) | (.34) | (4.68) | (2.70) | (.26) | (.25) | ||||||
Net asset value, end of period | $ | 34.40 | $ | 31.11 | $ | 25.28 | $ | 51.03 | $ | 51.53 | $ | 36.30 |
Total Return D,E | 12.70 % | 24.34% C | (45.04)% | 3.97% | 42.95% | 25.72% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .94% H | .95% | .94% | .91% | .93% | .95% | ||||||
Expenses net of fee waivers, if any | .93 % H | .95% | .93% | .91% | .93% | .95% | ||||||
Expenses net of all reductions | .93% H | .95% | .93% | .91% | .91% | .95% | ||||||
Net investment income (loss) | .20% H | .96% | .67% | .41% | .49% | .76% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 831,437 | $ | 809,283 | $ | 736,185 | $ | 1,609,326 | $ | 1,518,404 | $ | 1,093,827 |
Portfolio turnover rate I | 20 % H | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.87 | $ | 25.07 | $ | 50.63 | $ | 51.16 | $ | 36.05 | $ | 28.90 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .32 | .25 | .22 | .20 | .25 | ||||||
Net realized and unrealized gain (loss) | 3.85 | 5.82 C | (21.15) | 1.96 | 15.17 | 7.13 | ||||||
Total from investment operations | 3.88 | 6.14 | (20.90) | 2.18 | 15.37 | 7.38 | ||||||
Distributions from net investment income | (.60) | (.34) | (.04) | (.55) | (.26) | (.23) | ||||||
Distributions from net realized gain | - | - | (4.62) | (2.16) | - | - | ||||||
Total distributions | (.60) | (.34) | (4.66) | (2.71) | (.26) | (.23) | ||||||
Net asset value, end of period | $ | 34.15 | $ | 30.87 | $ | 25.07 | $ | 50.63 | $ | 51.16 | $ | 36.05 |
Total Return D,E | 12.72 % | 24.40% C | (45.05)% | 3.96% | 42.91% | 25.71% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .93% H | .94% | .93% | .93% | .95% | .97% | ||||||
Expenses net of fee waivers, if any | .92 % H | .93% | .93% | .93% | .95% | .96% | ||||||
Expenses net of all reductions | .92% H | .93% | .93% | .93% | .93% | .96% | ||||||
Net investment income (loss) | .20% H | .98% | .68% | .39% | .48% | .74% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,794 | $ | 26,683 | $ | 20,509 | $ | 68,464 | $ | 47,688 | $ | 27,410 |
Portfolio turnover rate I | 20 % H | 24% | 20% | 60% | 60% | 80% |
Fidelity Advisor® China Region Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.90 | $ | 25.02 | $ | 50.57 | $ | 51.07 | $ | 36.00 | $ | 28.91 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .36 | .30 | .29 | .26 | .30 | ||||||
Net realized and unrealized gain (loss) | 3.87 | 5.80 C | (21.10) | 1.95 | 15.14 | 7.11 | ||||||
Total from investment operations | 3.90 | 6.16 | (20.80) | 2.24 | 15.40 | 7.41 | ||||||
Distributions from net investment income | (.68) | (.28) | (.12) | (.59) | (.33) | (.32) | ||||||
Distributions from net realized gain | - | - | (4.62) | (2.16) | - | - | ||||||
Total distributions | (.68) | (.28) | (4.75) D | (2.74) D | (.33) | (.32) | ||||||
Net asset value, end of period | $ | 34.12 | $ | 30.90 | $ | 25.02 | $ | 50.57 | $ | 51.07 | $ | 36.00 |
Total Return E,F | 12.78 % | 24.55% C | (44.97)% | 4.09% | 43.13% | 25.86% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .92% I | .81% | .80% | .80% | .81% | .82% | ||||||
Expenses net of fee waivers, if any | .91 % I | .80% | .80% | .80% | .81% | .82% | ||||||
Expenses net of all reductions | .91% I | .80% | .80% | .80% | .79% | .81% | ||||||
Net investment income (loss) | .21% I | 1.11% | .81% | .52% | .61% | .89% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 122,321 | $ | 26,195 | $ | 3,940 | $ | 71,573 | $ | 71,121 | $ | 46,861 |
Portfolio turnover rate J | 20 % I | 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 | $11,257,963 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.5 - 2.8 / 2.7 | Increase |
Enterprise value/EBITDA multiple (EV/EBITDA) | 16.9 | Increase | |||
Black scholes | Discount rate | 4.8% | Increase | ||
Term | 3.0 | Increase | |||
Volatility | 60.0% | Increase |
Gross unrealized appreciation | $325,122,023 |
Gross unrealized depreciation | (102,148,376) |
Net unrealized appreciation (depreciation) | $222,973,647 |
Tax cost | $788,092,855 |
Short-term | $(114,807,939) |
Long-term | (64,025,365) |
Total capital loss carryforward | $(178,833,304) |
Purchases ($) | Sales ($) | |
Fidelity China Region Fund | 89,423,228 | 108,827,578 |
Maximum Management Fee Rate % | |
Class A | .89 |
Class M | .89 |
Class C | .89 |
China Region | .87 |
Class I | .86 |
Class Z | .73 |
Total Management Fee Rate % | |
Class A | .89 |
Class M | .89 |
Class C | .89 |
China Region | .87 |
Class I | .86 |
Class Z | .73 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 26,521 | 1,534 |
Class M | .25% | .25% | 16,552 | 98 |
Class C | .75% | .25% | 22,564 | 3,781 |
65,637 | 5,413 |
Retained by FDC ($) | |
Class A | 2,133 |
Class M | 364 |
Class CA | 18 |
2,515 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
China Region | .1844 |
Class I | .1762 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 14,731 | .21 |
Class M | 4,603 | .21 |
Class C | 3,147 | .20 |
China Region | 493,408 | .18 |
Class I | 13,524 | .17 |
Class Z | 6,783 | .04 |
536,196 |
% of Average Net Assets | |
Fidelity China Region Fund | .0445 |
% of Average Net Assets | |
Fidelity China Region Fund | .04 |
Amount ($) | |
Fidelity China Region Fund | 384 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity China Region Fund | 834,352 | 5,145,063 | (9,224,545) |
Amount ($) | |
Fidelity China Region Fund | 857 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity China Region Fund | 1,459 | - | - |
Expense reduction ($) | |
Class A | 29 |
Class M | 69 |
Class C | 2 |
100 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity China Region Fund | ||
Distributions to shareholders | ||
Class A | $338,330 | $147,676 |
Class M | 85,978 | 22,086 |
Class C | 30,918 | - |
China Region | 15,840,360 | 9,963,708 |
Class I | 463,654 | 287,558 |
Class Z | 799,341 | 42,665 |
Total | $17,558,581 | $10,463,693 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity China Region Fund | ||||
Class A | ||||
Shares sold | 63,769 | 213,022 | $2,067,177 | $7,300,449 |
Reinvestment of distributions | 10,187 | 4,346 | 321,753 | 141,383 |
Shares redeemed | (124,967) | (299,344) | (3,983,365) | (9,796,907) |
Net increase (decrease) | (51,011) | (81,976) | $(1,594,435) | $(2,355,075) |
Class M | ||||
Shares sold | 4,749 | 55,083 | $150,967 | $1,982,190 |
Reinvestment of distributions | 2,728 | 682 | 85,562 | 22,023 |
Shares redeemed | (23,036) | (73,707) | (721,282) | (2,410,361) |
Net increase (decrease) | (15,559) | (17,942) | $(484,753) | $(406,148) |
Class C | ||||
Shares sold | 9,316 | 85,870 | $283,133 | $2,816,391 |
Reinvestment of distributions | 934 | - | 28,179 | - |
Shares redeemed | (46,425) | (164,625) | (1,398,888) | (5,078,761) |
Net increase (decrease) | (36,175) | (78,755) | $(1,087,576) | $(2,262,370) |
China Region | ||||
Shares sold | 1,996,257 | 4,425,610 | $64,222,922 | $152,711,723 |
Reinvestment of distributions | 464,822 | 285,364 | 14,864,692 | 9,405,600 |
Shares redeemed | (4,307,623) | (7,820,514) | (137,805,126) | (259,958,996) |
Net increase (decrease) | (1,846,544) | (3,109,540) | $(58,717,512) | $(97,841,673) |
Class I | ||||
Shares sold | 104,702 | 909,474 | $3,299,980 | $31,717,017 |
Reinvestment of distributions | 12,678 | 7,396 | 402,398 | 241,861 |
Shares redeemed | (460,726) | (870,332) | (14,608,796) | (29,080,141) |
Net increase (decrease) | (343,346) | 46,538 | $(10,906,418) | $2,878,737 |
Class Z | ||||
Shares sold | 2,869,479 | 915,990 | $90,421,737 | $30,707,964 |
Reinvestment of distributions | 24,293 | 1,256 | 770,360 | 41,047 |
Shares redeemed | (156,857) | (226,966) | (5,011,425) | (7,451,163) |
Net increase (decrease) | 2,736,915 | 690,280 | $86,180,672 | $23,297,848 |
Strategic Advisers Fidelity Emerging Markets Fund | |
Fidelity China Region Fund | 12% |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 11.1 | |
Sea Ltd. ADR (Singapore, Entertainment) | 5.5 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 5.4 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.2 | |
MakeMyTrip Ltd. (India, Hotels, Restaurants & Leisure) | 4.3 | |
Zomato Ltd. (India, Hotels, Restaurants & Leisure) | 3.6 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 2.6 | |
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) (China, Semiconductors & Semiconductor Equipment) | 2.1 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.0 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 2.0 | |
43.2 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 33.3 | |
Consumer Discretionary | 23.7 | |
Communication Services | 10.7 | |
Health Care | 10.7 | |
Financials | 9.8 | |
Industrials | 7.8 | |
Energy | 2.0 | |
Materials | 0.9 | |
Consumer Staples | 0.8 | |
Real Estate | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.1)% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.7% | |||
Shares | Value ($) | ||
China - 35.3% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 967,600 | 18,813,447 | |
AK Medical Holdings Ltd. (a) | 7,232,119 | 5,402,747 | |
Akeso, Inc. (a)(b) | 448,694 | 2,745,613 | |
Alibaba Group Holding Ltd. | 1,958,816 | 18,340,521 | |
Asymchem Laboratories Tianjin Co. Ltd.: | |||
(A Shares) | 137,300 | 1,562,275 | |
(H Shares) (a) | 208,200 | 1,693,639 | |
Baidu, Inc. Class A (b) | 96,964 | 1,256,225 | |
Beijing Chunlizhengda Medical Instruments Co. Ltd. (b) | 653,700 | 2,022,132 | |
Beijing Sinohytec Co. Ltd. (A Shares) | 463,132 | 2,288,800 | |
Empyrean Technology Co. Ltd. (A Shares) | 184,500 | 1,989,509 | |
Estun Automation Co. Ltd. (A Shares) | 2,521,600 | 5,585,435 | |
Glodon Co. Ltd. (A Shares) | 4,989,840 | 7,760,670 | |
GRG Metrology & Test Co. Ltd. (A Shares) | 989,290 | 1,993,280 | |
Guangzhou Kingmed Diagnostics Group Co. Ltd. (A Shares) | 411,432 | 2,173,785 | |
Hangzhou Tigermed Consulting Co. Ltd. (A Shares) | 341,497 | 2,773,803 | |
Innovent Biologics, Inc. (a)(b) | 882,759 | 4,273,405 | |
Joinn Laboratories China Co. Ltd. (A Shares) | 710,760 | 1,601,736 | |
Kangji Medical Holdings Ltd. | 1,511,945 | 1,391,188 | |
Kanzhun Ltd. ADR | 158,376 | 3,134,261 | |
KE Holdings, Inc. ADR | 221,395 | 3,347,492 | |
Kindstar Globalgene Technology, Inc. (a)(b) | 6,299,186 | 1,255,721 | |
Kingsemi Co. Ltd. (A Shares) | 269,900 | 3,326,208 | |
Kuaishou Technology Class B (a)(b) | 706,100 | 4,950,262 | |
Li Auto, Inc. ADR (b) | 399,986 | 10,511,632 | |
Li Ning Co. Ltd. | 2,478,964 | 6,489,603 | |
Maxscend Microelectronics Co. Ltd. (A Shares) | 136,500 | 1,700,783 | |
Meituan Class B (a)(b) | 1,348,382 | 18,411,524 | |
Microport Cardioflow Medtech Corp. (a)(b)(c) | 9,649,252 | 1,285,079 | |
MicroPort NeuroTech Ltd. (b)(c) | 545,000 | 643,961 | |
MicroTech Medical (Hangzhou) Co. Ltd. (H Shares) (a)(b) | 1,296,269 | 668,354 | |
NAURA Technology Group Co. Ltd. | 364,197 | 15,948,117 | |
NXP Semiconductors NV | 37,506 | 9,608,662 | |
PDD Holdings, Inc. ADR (b) | 389,572 | 48,766,623 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 1,901,036 | 8,615,653 | |
RLX Technology, Inc. ADR (c) | 702,778 | 1,363,389 | |
SG Micro Corp. (A Shares) | 88,340 | 933,032 | |
Shandong Weigao Orthopaedic Device Co. Ltd. (A Shares) (b) | 1,513,400 | 5,322,776 | |
Shanghai Aohua Photoelectricity Endoscope Co. Ltd. (A Shares) (b) | 399,900 | 2,942,483 | |
Shanghai MicroPort Endovascula MedTech Group Co. Ltd. (A Shares) (b) | 87,700 | 2,251,726 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 315,689 | 13,255,724 | |
Silergy Corp. | 195,000 | 2,585,215 | |
SITC International Holdings Co. Ltd. (c) | 1,473,720 | 3,195,902 | |
Smoore International Holdings Ltd. (a)(c) | 2,003,966 | 1,745,285 | |
SonoScape Medical Corp. (b) | 408,300 | 2,325,254 | |
Tencent Holdings Ltd. | 390,302 | 17,127,701 | |
Tofflon Science & Technology Group Co. Ltd. (A Shares) (b) | 2,400,800 | 4,948,699 | |
Trip.com Group Ltd. (b) | 100,634 | 4,901,616 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b)(c)(d) | 2,490,882 | 1,431,604 | |
Weihai Guangwei Composites Co. Ltd. (A Shares) | 802,936 | 2,879,089 | |
WuXi AppTec Co. Ltd. (H Shares) (a) | 1,151,865 | 5,184,648 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 1,169,344 | 2,025,698 | |
WuXi XDC Cayman, Inc. | 5,996,343 | 16,704,003 | |
Zai Lab Ltd. ADR (b)(c) | 93,266 | 1,473,603 | |
ZKH Group Ltd. (A Shares) (i) | 11,329,413 | 3,536,363 | |
Zylox-Tonbridge Medical Technology Co. Ltd. (a)(b) | 1,144,681 | 1,523,524 | |
TOTAL CHINA | 319,989,479 | ||
Hong Kong - 2.2% | |||
AIA Group Ltd. | 1,428,287 | 10,461,285 | |
Hong Kong Exchanges and Clearing Ltd. | 237,017 | 7,531,079 | |
Huanxi Media Group Ltd. (b) | 19,829,015 | 1,435,469 | |
TOTAL HONG KONG | 19,427,833 | ||
India - 23.4% | |||
Amber Enterprises India Ltd. (b) | 46,438 | 2,131,637 | |
Aster DM Healthcare Ltd. (a) | 409,762 | 1,702,475 | |
Bajaj Finance Ltd. | 56,939 | 4,721,872 | |
Bharat Electronics Ltd. | 1,246,444 | 3,484,531 | |
Computer Age Management Services Private Ltd. | 299,371 | 11,471,090 | |
Delhivery Private Ltd. (b) | 2,456,003 | 13,199,887 | |
Devyani International Ltd. (b) | 987,424 | 1,961,346 | |
Eicher Motors Ltd. | 73,028 | 4,019,313 | |
GMR Airports Infrastructure Ltd. (b) | 3,240,313 | 3,294,750 | |
HDFC Asset Management Co. Ltd. (a) | 205,108 | 9,559,202 | |
HDFC Bank Ltd. | 975,225 | 17,705,625 | |
HDFC Standard Life Insurance Co. Ltd. (a) | 712,574 | 4,972,386 | |
Hindustan Aeronautics Ltd. | 224,176 | 10,576,216 | |
INOX India Ltd. | 164,104 | 2,636,578 | |
Kotak Mahindra Bank Ltd. | 112,303 | 2,182,032 | |
Larsen & Toubro Ltd. | 82,388 | 3,540,517 | |
MakeMyTrip Ltd. (b) | 594,860 | 39,385,681 | |
Page Industries Ltd. | 3,821 | 1,590,170 | |
Reliance Industries Ltd. | 528,571 | 18,549,818 | |
Sapphire Foods India Ltd. (b) | 180,394 | 3,072,866 | |
SIS Ltd. (b) | 499,100 | 2,791,246 | |
SRF Ltd. | 71,055 | 2,225,074 | |
Syngene International Ltd. (a) | 242,905 | 2,002,313 | |
Tata Motors Ltd. | 656,683 | 7,916,727 | |
Ultratech Cement Ltd. | 32,112 | 3,828,730 | |
Vijaya Diagnostic Centre Pvt Ltd. | 147,857 | 1,237,702 | |
Zomato Ltd. (b) | 14,100,739 | 32,534,225 | |
TOTAL INDIA | 212,294,009 | ||
Indonesia - 1.3% | |||
PT Bank Central Asia Tbk | 12,105,072 | 7,278,593 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 15,015,984 | 4,545,392 | |
TOTAL INDONESIA | 11,823,985 | ||
Japan - 1.6% | |||
Freee KK (b) | 198,341 | 3,471,572 | |
Money Forward, Inc. (b) | 179,212 | 6,240,407 | |
Renesas Electronics Corp. | 290,520 | 4,716,811 | |
TOTAL JAPAN | 14,428,790 | ||
Korea (South) - 11.7% | |||
Delivery Hero AG (a)(b) | 292,551 | 8,184,857 | |
Gabia, Inc. | 128,155 | 1,640,752 | |
HD Hyundai Marine Solution Co. Ltd. (e) | 2,200 | 132,383 | |
Kakao Corp. | 89,222 | 3,089,905 | |
Kakao Pay Corp. (b) | 135,884 | 3,414,890 | |
Kia Corp. | 93,676 | 7,914,258 | |
LG Energy Solution (b) | 3,400 | 943,296 | |
NAVER Corp. | 74,331 | 9,776,779 | |
Samsung Electronics Co. Ltd. | 856,980 | 47,503,280 | |
SK Hynix, Inc. | 188,312 | 23,173,715 | |
TOTAL KOREA (SOUTH) | 105,774,115 | ||
Netherlands - 1.0% | |||
ASML Holding NV (Netherlands) | 10,068 | 8,947,003 | |
Russia - 0.2% | |||
Yandex NV Series A (b)(c)(d) | 153,300 | 1,778,280 | |
Singapore - 6.3% | |||
Oversea-Chinese Banking Corp. Ltd. | 381,871 | 3,964,422 | |
Sea Ltd. ADR (b) | 790,242 | 49,935,392 | |
United Overseas Bank Ltd. | 136,726 | 3,034,060 | |
TOTAL SINGAPORE | 56,933,874 | ||
Switzerland - 0.4% | |||
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 | 1,401,887 | |
ZWSOFT Co. Ltd. Guangzhou (UBS AG London Branch Bank Warrant Programme) Class A warrants 9/25/25 (a)(b) | 202,088 | 2,303,686 | |
TOTAL SWITZERLAND | 3,705,573 | ||
Taiwan - 12.1% | |||
MediaTek, Inc. | 110,000 | 3,310,733 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,549,892 | 84,846,666 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 118,053 | 16,213,399 | |
Unimicron Technology Corp. | 1,023,000 | 5,647,158 | |
TOTAL TAIWAN | 110,017,956 | ||
United Kingdom - 0.2% | |||
Endava PLC ADR (b) | 74,056 | 2,147,624 | |
United States of America - 2.7% | |||
Frontage Holdings Corp. (a)(b)(c) | 12,243,436 | 1,916,933 | |
Micron Technology, Inc. | 65,649 | 7,415,711 | |
NVIDIA Corp. | 6,922 | 5,980,746 | |
ON Semiconductor Corp. (b) | 68,637 | 4,815,572 | |
Space Exploration Technologies Corp. Class A (b)(d)(f) | 11,000 | 1,067,000 | |
Teradyne, Inc. | 30,254 | 3,519,145 | |
TOTAL UNITED STATES OF AMERICA | 24,715,107 | ||
Vietnam - 0.3% | |||
Vietnam Dairy Products Corp. | 1,043,400 | 2,672,249 | |
TOTAL COMMON STOCKS (Cost $741,057,661) | 894,655,877 | ||
Preferred Stocks - 1.4% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.7% | |||
China - 0.7% | |||
ByteDance Ltd. Series E1 (b)(d)(f) | 23,366 | 5,385,162 | |
dMed Biopharmaceutical Co. Ltd. Series C (b)(d)(f) | 128,423 | 633,125 | |
6,018,287 | |||
Nonconvertible Preferred Stocks - 0.7% | |||
Korea (South) - 0.7% | |||
Samsung Electronics Co. Ltd. | 145,844 | 6,790,557 | |
TOTAL PREFERRED STOCKS (Cost $9,290,656) | 12,808,844 | ||
Money Market Funds - 1.1% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) (Cost $10,167,246) | 10,166,230 | 10,167,247 | |
TOTAL INVESTMENT IN SECURITIES - 101.2% (Cost $760,515,563) | 917,631,968 |
NET OTHER ASSETS (LIABILITIES) - (1.2)% | (10,788,830) |
NET ASSETS - 100.0% | 906,843,138 |
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 $84,640,842 or 9.3% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Level 3 security |
(e) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(f) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $7,085,287 or 0.8% of net assets. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
(i) | Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $3,536,363 and all restrictions are set to expire on or before June 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 2,560,310 |
dMed Biopharmaceutical Co. Ltd. Series C | 12/01/20 | 1,824,011 |
Space Exploration Technologies Corp. Class A | 2/16/21 | 461,989 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 8,975,185 | 165,315,810 | 174,291,022 | 237,999 | 27 | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 16,834,536 | 76,005,623 | 82,672,912 | 154,886 | - | - | 10,167,247 | 0.0% |
Total | 25,809,721 | 241,321,433 | 256,963,934 | 392,885 | 27 | - | 10,167,247 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 97,869,436 | 53,069,653 | 37,636,341 | 7,163,442 |
Consumer Discretionary | 216,132,599 | 98,663,936 | 117,468,663 | - |
Consumer Staples | 7,182,810 | 1,363,389 | 5,819,421 | - |
Energy | 18,549,818 | - | 18,549,818 | - |
Financials | 87,986,491 | - | 87,986,491 | - |
Health Care | 96,375,728 | 1,473,603 | 92,837,396 | 2,064,729 |
Industrials | 69,737,274 | - | 68,670,274 | 1,067,000 |
Information Technology | 301,350,180 | 58,647,862 | 242,702,318 | - |
Materials | 8,932,893 | - | 8,932,893 | - |
Real Estate | 3,347,492 | 3,347,492 | - | - |
Money Market Funds | 10,167,247 | 10,167,247 | - | - |
Total Investments in Securities: | 917,631,968 | 226,733,182 | 680,603,615 | 10,295,171 |
Investments in Securities: | |||
Beginning Balance | $ | 11,961,089 | |
Net Realized Gain (Loss) on Investment Securities | (474) | ||
Net Unrealized Gain (Loss) on Investment Securities | 104,850 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (121) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | 1,412,971 | ||
Transfers out of Level 3 | (3,183,144) | ||
Ending Balance | $ | 10,295,171 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2024 | $ | 104,850 | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $8,981,000) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $750,348,317) | $ | 907,464,721 | ||
Fidelity Central Funds (cost $10,167,246) | 10,167,247 | |||
Total Investment in Securities (cost $760,515,563) | $ | 917,631,968 | ||
Foreign currency held at value (cost $175,373) | 175,372 | |||
Receivable for investments sold | 15,173,838 | |||
Receivable for fund shares sold | 174,680 | |||
Dividends receivable | 924,295 | |||
Distributions receivable from Fidelity Central Funds | 47,578 | |||
Prepaid expenses | 335 | |||
Other receivables | 584,166 | |||
Total assets | 934,712,232 | |||
Liabilities | ||||
Payable to custodian bank | $ | 588,206 | ||
Payable for investments purchased | ||||
Regular delivery | 8,324,532 | |||
Delayed delivery | 133,707 | |||
Payable for fund shares redeemed | 581,979 | |||
Accrued management fee | 441,404 | |||
Deferred taxes | 7,423,154 | |||
Other payables and accrued expenses | 207,636 | |||
Collateral on securities loaned | 10,168,476 | |||
Total liabilities | 27,869,094 | |||
Net Assets | $ | 906,843,138 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,063,624,344 | ||
Total accumulated earnings (loss) | (156,781,206) | |||
Net Assets | $ | 906,843,138 | ||
Net Asset Value, offering price and redemption price per share ($906,843,138 ÷ 21,611,101 shares) | $ | 41.96 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 4,623,078 | ||
Interest | 549 | |||
Income from Fidelity Central Funds (including $154,886 from security lending) | 392,885 | |||
Income before foreign taxes withheld | $ | 5,016,512 | ||
Less foreign taxes withheld | (755,783) | |||
Total income | 4,260,729 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 3,344,805 | ||
Performance adjustment | (1,419,063) | |||
Transfer agent fees | 574,617 | |||
Accounting fees | 135,028 | |||
Custodian fees and expenses | 117,839 | |||
Independent trustees' fees and expenses | 2,313 | |||
Registration fees | 18,545 | |||
Audit | 56,739 | |||
Legal | 1,194 | |||
Interest | 11,047 | |||
Miscellaneous | 1,844 | |||
Total expenses before reductions | 2,844,908 | |||
Expense reductions | (40,557) | |||
Total expenses after reductions | 2,804,351 | |||
Net Investment income (loss) | 1,456,378 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $3,878,958) | 2,209,014 | |||
Fidelity Central Funds | 27 | |||
Foreign currency transactions | (32,804) | |||
Total net realized gain (loss) | 2,176,237 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $1,867,172) | 135,258,424 | |||
Assets and liabilities in foreign currencies | 236,656 | |||
Total change in net unrealized appreciation (depreciation) | 135,495,080 | |||
Net gain (loss) | 137,671,317 | |||
Net increase (decrease) in net assets resulting from operations | $ | 139,127,695 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,456,378 | $ | 1,271,379 |
Net realized gain (loss) | 2,176,237 | (172,657,476) | ||
Change in net unrealized appreciation (depreciation) | 135,495,080 | 329,221,567 | ||
Net increase (decrease) in net assets resulting from operations | 139,127,695 | 157,835,470 | ||
Distributions to shareholders | (712,522) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 21,232,149 | 89,917,598 | ||
Reinvestment of distributions | 649,603 | - | ||
Cost of shares redeemed | (121,107,263) | (203,626,450) | ||
Net increase (decrease) in net assets resulting from share transactions | (99,225,511) | (113,708,852) | ||
Total increase (decrease) in net assets | 39,189,662 | 44,126,618 | ||
Net Assets | ||||
Beginning of period | 867,653,476 | 823,526,858 | ||
End of period | $ | 906,843,138 | $ | 867,653,476 |
Other Information | ||||
Shares | ||||
Sold | 531,031 | 2,379,648 | ||
Issued in reinvestment of distributions | 16,661 | - | ||
Redeemed | (3,059,436) | (5,497,734) | ||
Net increase (decrease) | (2,511,744) | (3,118,086) | ||
Fidelity® Emerging Asia Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 35.97 | $ | 30.23 | $ | 64.66 | $ | 63.60 | $ | 45.03 | $ | 36.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .05 | (.22) | (.31) C | (.12) | .34 | ||||||
Net realized and unrealized gain (loss) | 5.96 | 5.69 | (26.97) | 11.00 | 21.49 | 9.27 | ||||||
Total from investment operations | 6.02 | 5.74 | (27.19) | 10.69 | 21.37 | 9.61 | ||||||
Distributions from net investment income | (.03) | - | (.09) | - | (.29) D | (.39) | ||||||
Distributions from net realized gain | - | - | (7.15) | (9.63) | (2.51) D | (.88) | ||||||
Total distributions | (.03) | - | (7.24) | (9.63) | (2.80) | (1.27) | ||||||
Net asset value, end of period | $ | 41.96 | $ | 35.97 | $ | 30.23 | $ | 64.66 | $ | 63.60 | $ | 45.03 |
Total Return E,F | 16.74 % | 18.99% | (46.77)% | 17.02% | 50.46% | 26.95% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .63% I | .87% | 1.18% | 1.02% | 1.13% | 1.11% | ||||||
Expenses net of fee waivers, if any | .62 % I | .87% | 1.17% | 1.02% | 1.13% | 1.11% | ||||||
Expenses net of all reductions | .62% I | .87% | 1.17% | 1.02% | 1.10% | 1.11% | ||||||
Net investment income (loss) | .32% I | .13% | (.51)% | (.45)% C | (.24)% | .82% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 906,843 | $ | 867,653 | $ | 823,527 | $ | 2,000,120 | $ | 1,578,782 | $ | 993,620 |
Portfolio turnover rate J | 67 % I | 50% | 44% | 85% | 114% | 61% 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% |
Asset Type | Fair Value | Valuation Technique(s) | Unobservable Input | Amount or Range/Weighted Average | Impact to Valuation from an Increase in InputA |
Equities | $10,295,171 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 2.5 - 2.8 / 2.7 | Increase |
Enterprise value/EBITDA multiple (EV/EBITDA) | 16.9 | Increase | |||
Market approach | Discount rate | 20.0% | Decrease | ||
Black scholes | Discount rate | 4.8% | Increase | ||
Term | 3.0 | Increase | |||
Volatility | 60.0% | Increase |
Gross unrealized appreciation | $309,196,811 |
Gross unrealized depreciation | (158,379,947) |
Net unrealized appreciation (depreciation) | $150,816,864 |
Tax cost | $766,815,104 |
Short-term | $(114,943,944) |
Long-term | (193,012,031) |
Total capital loss carryforward | $(307,955,975) |
Purchases ($) | Sales ($) | |
Fidelity Emerging Asia Fund | 300,718,857 | 392,107,060 |
Maximum Management Fee Rate % | |
Fidelity Emerging Asia Fund | .87 |
Total Management Fee Rate % | |
Fidelity Emerging Asia Fund | .87 |
Performance Adjustment Index | |
Fidelity Emerging Asia Fund | MSCI All Country Asia ex Japan Index |
% of Average Net Assets | |
Fidelity Emerging Asia Fund | .0447 |
% of Average Net Assets | |
Fidelity Emerging Asia Fund | .04 |
Amount ($) | |
Fidelity Emerging Asia Fund | 1,340 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Emerging Asia Fund | Borrower | 10,203,286 | 5.57% | 11,047 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Emerging Asia Fund | 7,057,099 | 22,003,037 | 952,921 |
Amount ($) | |
Fidelity Emerging Asia Fund | 836 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Emerging Asia Fund | 16,820 | - | - |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 10.4 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.5 | |
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 4.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.7 | |
PT Bank Central Asia Tbk (Indonesia, Banks) | 2.9 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 2.8 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.8 | |
HDFC Bank Ltd. (India, Banks) | 2.4 | |
Kweichow Moutai Co. Ltd. (A Shares) (China, Beverages) | 2.2 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.0 | |
40.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 28.7 | |
Financials | 18.1 | |
Consumer Discretionary | 11.7 | |
Communication Services | 9.2 | |
Industrials | 7.6 | |
Consumer Staples | 7.6 | |
Energy | 6.6 | |
Health Care | 5.5 | |
Utilities | 2.5 | |
Materials | 2.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.7% | |||
Shares | Value ($) | ||
Brazil - 7.1% | |||
Atacadao SA | 18,335,800 | 39,442,839 | |
Equatorial Energia SA | 10,634,100 | 62,646,289 | |
Localiza Rent a Car SA | 7,340,413 | 69,310,259 | |
MercadoLibre, Inc. (a) | 34,400 | 50,179,280 | |
Nu Holdings Ltd. (a) | 12,374,900 | 134,391,414 | |
Raia Drogasil SA | 15,093,300 | 74,353,236 | |
Totvs SA | 11,158,200 | 59,179,761 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 18,665,484 | 25,557,831 | |
Weg SA | 7,498,400 | 57,112,375 | |
XP, Inc. Class A | 2,576,500 | 52,740,955 | |
TOTAL BRAZIL | 624,914,239 | ||
Canada - 1.0% | |||
Cameco Corp. | 1,897,100 | 86,555,661 | |
China - 22.1% | |||
Aier Eye Hospital Group Co. Ltd. (A Shares) | 23,205,354 | 41,215,800 | |
Airtac International Group | 2,316,000 | 81,854,163 | |
Alibaba Group Holding Ltd. | 17,460,732 | 163,485,961 | |
Bank of Chengdu Co. Ltd. (A Shares) | 17,931,644 | 36,584,161 | |
Chervon Holdings Ltd. (b) | 9,903,337 | 24,050,869 | |
Kweichow Moutai Co. Ltd. (A Shares) | 821,215 | 192,547,153 | |
Meituan Class B (a)(c) | 12,301,310 | 167,968,621 | |
NetEase, Inc. ADR | 946,000 | 88,422,620 | |
PDD Holdings, Inc. ADR (a) | 1,977,300 | 247,518,414 | |
Shandong Sinocera Functional Material Co. Ltd. (A Shares) | 8,804,849 | 23,528,925 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 3,914,325 | 164,361,805 | |
Sieyuan Electric Co. Ltd. (A Shares) | 10,419,507 | 93,492,555 | |
Sinopharm Group Co. Ltd. (H Shares) | 21,850,899 | 55,181,433 | |
Tencent Holdings Ltd. | 11,182,800 | 490,737,053 | |
Wuliangye Yibin Co. Ltd. (A Shares) | 3,520,990 | 72,818,148 | |
ZKH Group Ltd. (A Shares) (j) | 49,945,071 | 15,589,854 | |
TOTAL CHINA | 1,959,357,535 | ||
France - 3.1% | |||
Gaztransport et Technigaz SA | 803,241 | 112,295,663 | |
Hermes International SCA | 42,019 | 100,940,866 | |
LVMH Moet Hennessy Louis Vuitton SE | 75,399 | 61,935,478 | |
TOTAL FRANCE | 275,172,007 | ||
Greece - 0.6% | |||
OPAP SA | 3,326,944 | 55,423,534 | |
Hong Kong - 0.6% | |||
AIA Group Ltd. | 7,469,400 | 54,708,560 | |
Hungary - 0.7% | |||
Richter Gedeon PLC | 2,267,800 | 57,749,587 | |
India - 16.4% | |||
360 ONE WAM Ltd. | 7,990,461 | 75,048,010 | |
Bajaj Finance Ltd. | 1,199,400 | 99,464,572 | |
Computer Age Management Services Private Ltd. | 2,170,500 | 83,167,710 | |
HDFC Bank Ltd. | 11,542,967 | 209,567,475 | |
HDFC Standard Life Insurance Co. Ltd. (c) | 8,588,900 | 59,933,886 | |
Kotak Mahindra Bank Ltd. | 5,696,948 | 110,690,931 | |
Larsen & Toubro Ltd. | 3,305,632 | 142,055,217 | |
Lenskart Solutions Pvt Ltd. (d)(e) | 323,300 | 8,909,538 | |
Max Healthcare Institute Ltd. | 7,206,100 | 72,393,126 | |
Power Grid Corp. of India Ltd. | 43,641,333 | 157,359,806 | |
Reliance Industries Ltd. | 7,001,618 | 245,716,732 | |
Tata Consultancy Services Ltd. | 2,581,200 | 117,772,762 | |
Ultratech Cement Ltd. | 617,300 | 73,600,983 | |
TOTAL INDIA | 1,455,680,748 | ||
Indonesia - 3.7% | |||
PT Bank Central Asia Tbk | 429,597,970 | 258,310,646 | |
PT Bank Mandiri (Persero) Tbk | 156,525,500 | 66,159,753 | |
TOTAL INDONESIA | 324,470,399 | ||
Italy - 1.3% | |||
Ferrari NV (b) | 277,100 | 115,190,470 | |
Kazakhstan - 1.4% | |||
Kaspi.KZ JSC ADR | 1,074,600 | 126,544,896 | |
Korea (South) - 7.3% | |||
JYP Entertainment Corp. | 496,600 | 23,685,339 | |
NAVER Corp. | 724,240 | 95,259,509 | |
Samsung Electronics Co. Ltd. | 7,562,217 | 419,181,442 | |
SK Hynix, Inc. | 865,342 | 106,489,171 | |
TOTAL KOREA (SOUTH) | 644,615,461 | ||
Mexico - 3.1% | |||
Banco del Bajio SA (c) | 19,132,722 | 70,541,145 | |
BBB Foods, Inc. (b) | 2,125,970 | 48,791,012 | |
Becle S.A.B. de CV (b) | 31,875,094 | 64,752,172 | |
Wal-Mart de Mexico SA de CV Series V | 24,669,500 | 92,049,352 | |
TOTAL MEXICO | 276,133,681 | ||
Netherlands - 2.9% | |||
ASML Holding NV (Netherlands) | 200,700 | 178,353,549 | |
BE Semiconductor Industries NV | 590,400 | 79,074,398 | |
TOTAL NETHERLANDS | 257,427,947 | ||
Philippines - 0.4% | |||
TaskUs, Inc. (a)(b) | 2,793,772 | 32,016,627 | |
Poland - 1.0% | |||
Dino Polska SA (a)(c) | 892,481 | 85,785,017 | |
Russia - 0.0% | |||
Sberbank of Russia (a)(e) | 25,741,060 | 157,586 | |
Saudi Arabia - 4.2% | |||
Al Rajhi Bank | 6,092,020 | 129,779,875 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 1,083,393 | 89,719,476 | |
Sabic Agriculture-Nutrients Co. | 1,967,000 | 60,731,243 | |
Saudi Arabian Oil Co. (c) | 11,592,510 | 93,034,328 | |
TOTAL SAUDI ARABIA | 373,264,922 | ||
Sweden - 0.2% | |||
VEF AB (a)(f) | 95,309,129 | 19,761,657 | |
Taiwan - 14.3% | |||
ASPEED Tech, Inc. | 833,000 | 77,859,278 | |
Chailease Holding Co. Ltd. | 7,770,168 | 40,909,038 | |
eMemory Technology, Inc. | 1,185,000 | 79,505,245 | |
International Games Systems Co. Ltd. | 3,127,036 | 95,458,622 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 38,643,000 | 923,613,902 | |
Voltronic Power Technology Corp. | 1,114,868 | 52,658,671 | |
TOTAL TAIWAN | 1,270,004,756 | ||
United Arab Emirates - 0.5% | |||
Adnoc Gas PLC | 50,698,800 | 41,410,439 | |
United States of America - 6.4% | |||
Energy Recovery, Inc. (a) | 1,689,000 | 25,166,100 | |
GCC S.A.B. de CV | 2,680,400 | 30,507,969 | |
Globant SA (a) | 467,400 | 83,472,966 | |
NVIDIA Corp. | 491,808 | 424,931,948 | |
TOTAL UNITED STATES OF AMERICA | 564,078,983 | ||
Uruguay - 0.4% | |||
Dlocal Ltd. (a)(b) | 2,679,300 | 38,072,853 | |
TOTAL COMMON STOCKS (Cost $6,603,172,244) | 8,738,497,565 | ||
Preferred Stocks - 0.7% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.2% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 85,253 | 19,648,259 | |
Nonconvertible Preferred Stocks - 0.5% | |||
Brazil - 0.5% | |||
Alpargatas SA (PN) (a) | 21,970,500 | 40,026,370 | |
TOTAL PREFERRED STOCKS (Cost $56,703,875) | 59,674,629 | ||
Convertible Bonds - 0.3% | |||
Principal Amount (g) | Value ($) | ||
Brazil - 0.3% | |||
Creditas Financial Solutions Ltd. 5% 7/28/27 (d)(e) (Cost $30,523,684) | 30,523,684 | 29,043,286 | |
Money Market Funds - 2.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (h) | 201,576,293 | 201,616,608 | |
Fidelity Securities Lending Cash Central Fund 5.39% (h)(i) | 39,897,510 | 39,901,500 | |
TOTAL MONEY MARKET FUNDS (Cost $241,518,108) | 241,518,108 | ||
TOTAL INVESTMENT IN SECURITIES - 102.4% (Cost $6,931,917,911) | 9,068,733,588 |
NET OTHER ASSETS (LIABILITIES) - (2.4)% | (211,259,519) |
NET ASSETS - 100.0% | 8,857,474,069 |
(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 $477,262,997 or 5.4% 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 $57,601,083 or 0.7% of net assets. |
(e) | Level 3 security |
(f) | Affiliated company |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
(j) | Equity security is subject to lock-up or market standoff agreement and valued at a discount to the market price of the equivalent equity security. As of period end, the total fair value of equity securities discounted due to contractual sale restrictions is $15,589,854 and all restrictions are set to expire on or before June 30, 2024. Under normal market conditions, there are no circumstances that could cause the restrictions to lapse. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 9,341,528 |
Creditas Financial Solutions Ltd. 5% 7/28/27 | 1/28/22 - 7/28/23 | 30,523,684 |
Lenskart Solutions Pvt Ltd. | 4/30/24 | 8,909,538 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 53,179,150 | 1,520,098,719 | 1,371,663,868 | 4,560,050 | 2,607 | - | 201,616,608 | 0.4% |
Fidelity Securities Lending Cash Central Fund 5.39% | 27,684,244 | 409,376,827 | 397,159,571 | 97,242 | - | - | 39,901,500 | 0.1% |
Total | 80,863,394 | 1,929,475,546 | 1,768,823,439 | 4,657,292 | 2,607 | - | 241,518,108 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Restaurant Brands Asia Ltd. | 34,411,680 | - | 33,518,531 | - | (10,714,754) | 9,821,605 | - |
VEF AB | 15,223,914 | - | - | - | - | 4,537,743 | 19,761,657 |
Total | 49,635,594 | - | 33,518,531 | - | (10,714,754) | 14,359,348 | 19,761,657 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 813,211,402 | 88,422,620 | 705,140,523 | 19,648,259 |
Consumer Discretionary | 1,035,629,401 | 609,278,934 | 417,440,929 | 8,909,538 |
Consumer Staples | 670,538,929 | 405,173,628 | 265,365,301 | - |
Energy | 579,012,823 | 333,296,091 | 245,716,732 | - |
Financials | 1,583,367,413 | 571,832,795 | 1,011,377,032 | 157,586 |
Health Care | 480,621,227 | 147,469,063 | 333,152,164 | - |
Industrials | 677,981,362 | 209,163,192 | 468,818,170 | - |
Information Technology | 2,549,434,422 | 825,012,622 | 1,724,421,800 | - |
Materials | 188,369,120 | 91,239,212 | 97,129,908 | - |
Utilities | 220,006,095 | 62,646,289 | 157,359,806 | - |
Corporate Bonds | 29,043,286 | - | - | 29,043,286 |
Money Market Funds | 241,518,108 | 241,518,108 | - | - |
Total Investments in Securities: | 9,068,733,588 | 3,585,052,554 | 5,425,922,365 | 57,758,669 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $38,412,633) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,654,375,810) | $ | 8,807,453,823 | ||
Fidelity Central Funds (cost $241,518,108) | 241,518,108 | |||
Other affiliated issuers (cost $36,023,993) | 19,761,657 | |||
Total Investment in Securities (cost $6,931,917,911) | $ | 9,068,733,588 | ||
Foreign currency held at value (cost $3,301,596) | 3,300,652 | |||
Receivable for investments sold | 33,150,723 | |||
Receivable for fund shares sold | 4,872,976 | |||
Dividends receivable | 9,043,624 | |||
Interest receivable | 1,158,078 | |||
Distributions receivable from Fidelity Central Funds | 1,191,354 | |||
Prepaid expenses | 2,527 | |||
Other receivables | 2,107,951 | |||
Total assets | 9,123,561,473 | |||
Liabilities | ||||
Payable for investments purchased | $ | 156,030,492 | ||
Payable for fund shares redeemed | 7,849,380 | |||
Accrued management fee | 5,786,012 | |||
Distribution and service plan fees payable | 7,797 | |||
Deferred taxes | 55,497,050 | |||
Other payables and accrued expenses | 1,015,173 | |||
Collateral on securities loaned | 39,901,500 | |||
Total liabilities | 266,087,404 | |||
Net Assets | $ | 8,857,474,069 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 7,638,401,983 | ||
Total accumulated earnings (loss) | 1,219,072,086 | |||
Net Assets | $ | 8,857,474,069 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($21,401,333 ÷ 583,545 shares)(a) | $ | 36.67 | ||
Maximum offering price per share (100/94.25 of $36.67) | $ | 38.91 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,009,503 ÷ 109,268 shares)(a) | $ | 36.69 | ||
Maximum offering price per share (100/96.50 of $36.69) | $ | 38.02 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,052,515 ÷ 56,220 shares)(a) | $ | 36.51 | ||
Emerging Markets : | ||||
Net Asset Value, offering price and redemption price per share ($4,183,607,269 ÷ 113,618,222 shares) | $ | 36.82 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($1,694,740,557 ÷ 46,011,434 shares) | $ | 36.83 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($311,898,436 ÷ 8,494,198 shares) | $ | 36.72 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($2,639,764,456 ÷ 71,751,932 shares) | $ | 36.79 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 65,965,458 | ||
Interest | 780,191 | |||
Income from Fidelity Central Funds (including $97,242 from security lending) | 4,657,292 | |||
Income before foreign taxes withheld | $ | 71,402,941 | ||
Less foreign taxes withheld | (7,271,240) | |||
Total income | 64,131,701 | |||
Expenses | ||||
Management fee | $ | 29,027,517 | ||
Transfer agent fees | 3,037,683 | |||
Distribution and service plan fees | 42,422 | |||
Accounting fees | 552,258 | |||
Custodian fees and expenses | 818,615 | |||
Independent trustees' fees and expenses | 19,564 | |||
Registration fees | 152,097 | |||
Audit | 73,326 | |||
Legal | 4,421 | |||
Interest | 12,017 | |||
Miscellaneous | 14,902 | |||
Total expenses before reductions | 33,754,822 | |||
Expense reductions | (356,977) | |||
Total expenses after reductions | 33,397,845 | |||
Net Investment income (loss) | 30,733,856 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (111,920,965) | |||
Fidelity Central Funds | 2,607 | |||
Other affiliated issuers | (10,714,754) | |||
Foreign currency transactions | (778,434) | |||
Total net realized gain (loss) | (123,411,546) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $23,725,451) | 1,231,773,588 | |||
Affiliated issuers | 14,359,348 | |||
Assets and liabilities in foreign currencies | 626,713 | |||
Total change in net unrealized appreciation (depreciation) | 1,246,759,649 | |||
Net gain (loss) | 1,123,348,103 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,154,081,959 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 30,733,856 | $ | 77,916,451 |
Net realized gain (loss) | (123,411,546) | (418,114,595) | ||
Change in net unrealized appreciation (depreciation) | 1,246,759,649 | 1,169,042,149 | ||
Net increase (decrease) in net assets resulting from operations | 1,154,081,959 | 828,844,005 | ||
Distributions to shareholders | (91,875,932) | (50,450,464) | ||
Share transactions - net increase (decrease) | 967,924,594 | 524,409,567 | ||
Total increase (decrease) in net assets | 2,030,130,621 | 1,302,803,108 | ||
Net Assets | ||||
Beginning of period | 6,827,343,448 | 5,524,540,340 | ||
End of period | $ | 8,857,474,069 | $ | 6,827,343,448 |
Fidelity Advisor® Emerging Markets Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 31.80 | $ | 27.73 | $ | 47.48 | $ | 46.83 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .07 | .26 D | .16 E | (.04) | ||||
Net realized and unrealized gain (loss) | 5.10 | 3.95 | (17.27) | .69 | ||||
Total from investment operations | 5.17 | 4.21 | (17.11) | .65 | ||||
Distributions from net investment income | (.30) | (.14) | (.48) | - | ||||
Distributions from net realized gain | - | - | (2.16) | - | ||||
Total distributions | (.30) | (.14) | (2.64) | - | ||||
Net asset value, end of period | $ | 36.67 | $ | 31.80 | $ | 27.73 | $ | 47.48 |
Total Return F,G,H | 16.33 % | 15.18% | (38.00)% | 1.39% | ||||
Ratios to Average Net Assets C,I,J | ||||||||
Expenses before reductions | 1.16% K | 1.20% | 1.21% | 1.25% K | ||||
Expenses net of fee waivers, if any | 1.15 % K | 1.20% | 1.21% | 1.25% K | ||||
Expenses net of all reductions | 1.15% K | 1.20% | 1.21% | 1.25% K | ||||
Net investment income (loss) | .42% K | .77% D | .45% E | (.17)% K | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 21,401 | $ | 15,288 | $ | 10,046 | $ | 6,248 |
Portfolio turnover rate L | 29 % K | 23% | 34% | 38% K,M |
Fidelity Advisor® Emerging Markets Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 31.80 | $ | 27.71 | $ | 47.42 | $ | 46.83 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .03 | .17 D | .05 E | (.09) | ||||
Net realized and unrealized gain (loss) | 5.10 | 3.96 | (17.29) | .68 | ||||
Total from investment operations | 5.13 | 4.13 | (17.24) | .59 | ||||
Distributions from net investment income | (.24) | (.04) | (.32) | - | ||||
Distributions from net realized gain | - | - | (2.16) | - | ||||
Total distributions | (.24) | (.04) | (2.47) F | - | ||||
Net asset value, end of period | $ | 36.69 | $ | 31.80 | $ | 27.71 | $ | 47.42 |
Total Return G,H,I | 16.19 % | 14.90% | (38.20)% | 1.26% | ||||
Ratios to Average Net Assets C,J,K | ||||||||
Expenses before reductions | 1.42% L | 1.48% | 1.51% | 1.52% L | ||||
Expenses net of fee waivers, if any | 1.42 % L | 1.47% | 1.50% | 1.51% L | ||||
Expenses net of all reductions | 1.42% L | 1.47% | 1.50% | 1.51% L | ||||
Net investment income (loss) | .15% L | .50% D | .15% E | (.39)% L | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 4,010 | $ | 3,070 | $ | 1,392 | $ | 2,234 |
Portfolio turnover rate M | 29 % L | 23% | 34% | 38% L,N |
Fidelity Advisor® Emerging Markets Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 31.54 | $ | 27.59 | $ | 47.31 | $ | 46.83 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | (.06) | - D,E | (.12) F | (.19) | ||||
Net realized and unrealized gain (loss) | 5.08 | 3.95 | (17.26) | .67 | ||||
Total from investment operations | 5.02 | 3.95 | (17.38) | .48 | ||||
Distributions from net investment income | (.05) | - | (.18) | - | ||||
Distributions from net realized gain | - | - | (2.16) | - | ||||
Total distributions | (.05) | - | (2.34) | - | ||||
Net asset value, end of period | $ | 36.51 | $ | 31.54 | $ | 27.59 | $ | 47.31 |
Total Return G,H,I | 15.91 % | 14.32% | (38.50)% | 1.02% | ||||
Ratios to Average Net Assets C,J,K | ||||||||
Expenses before reductions | 1.90% L | 1.98% | 2.00% | 2.01% L | ||||
Expenses net of fee waivers, if any | 1.90 % L | 1.98% | 2.00% | 2.01% L | ||||
Expenses net of all reductions | 1.90% L | 1.97% | 2.00% | 2.01% L | ||||
Net investment income (loss) | (.33)% L | (.01)% E | (.34)% F | (.86)% L | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 2,053 | $ | 1,768 | $ | 1,377 | $ | 1,587 |
Portfolio turnover rate M | 29 % L | 23% | 34% | 38% L,N |
Fidelity® Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 31.97 | $ | 27.87 | $ | 47.56 | $ | 40.26 | $ | 33.03 | $ | 26.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .36 C | .28 D | .12 | .15 | .61 E | ||||||
Net realized and unrealized gain (loss) | 5.12 | 3.98 | (17.35) | 7.81 | 7.68 | 5.98 | ||||||
Total from investment operations | 5.25 | 4.34 | (17.07) | 7.93 | 7.83 | 6.59 | ||||||
Distributions from net investment income | (.40) | (.24) | (.46) | (.09) | (.60) | (.22) | ||||||
Distributions from net realized gain | - | - | (2.16) | (.54) | - | - | ||||||
Total distributions | (.40) | (.24) | (2.62) | (.63) | (.60) | (.22) | ||||||
Net asset value, end of period | $ | 36.82 | $ | 31.97 | $ | 27.87 | $ | 47.56 | $ | 40.26 | $ | 33.03 |
Total Return F,G | 16.50 % | 15.56% | (37.83)% | 19.83% | 24.09% | 24.91% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .86% J | .90% | .90% | .88% | .92% | .94% | ||||||
Expenses net of fee waivers, if any | .86 % J | .90% | .90% | .88% | .92% | .94% | ||||||
Expenses net of all reductions | .86% J | .90% | .90% | .88% | .91% | .92% | ||||||
Net investment income (loss) | .71% J | 1.07% C | .76% D | .26% | .43% | 2.02% E | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,183,607 | $ | 3,985,433 | $ | 3,330,900 | $ | 5,016,159 | $ | 4,526,531 | $ | 3,104,887 |
Portfolio turnover rate K | 29 % J | 23% | 34% | 38% L | 34% | 85% M |
Fidelity® Emerging Markets Fund Class K |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 32.00 | $ | 27.90 | $ | 47.62 | $ | 40.30 | $ | 33.07 | $ | 26.70 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .40 C | .33 D | .16 | .19 | .65 E | ||||||
Net realized and unrealized gain (loss) | 5.12 | 3.98 | (17.35) | 7.83 | 7.69 | 5.99 | ||||||
Total from investment operations | 5.27 | 4.38 | (17.02) | 7.99 | 7.88 | 6.64 | ||||||
Distributions from net investment income | (.44) | (.28) | (.54) | (.12) | (.65) | (.26) | ||||||
Distributions from net realized gain | - | - | (2.16) | (.54) | - | - F | ||||||
Total distributions | (.44) | (.28) | (2.70) | (.67) G | (.65) | (.27) G | ||||||
Net asset value, end of period | $ | 36.83 | $ | 32.00 | $ | 27.90 | $ | 47.62 | $ | 40.30 | $ | 33.07 |
Total Return H,I | 16.58 % | 15.69% | (37.73)% | 19.94% | 24.24% | 25.08% | ||||||
Ratios to Average Net Assets B,J,K | ||||||||||||
Expenses before reductions | .76% L | .77% | .77% | .77% | .80% | .80% | ||||||
Expenses net of fee waivers, if any | .75 % L | .76% | .77% | .77% | .80% | .80% | ||||||
Expenses net of all reductions | .75% L | .76% | .77% | .77% | .79% | .79% | ||||||
Net investment income (loss) | .82% L | 1.20% C | .88% D | .34% | .55% | 2.15% E | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,694,741 | $ | 1,095,217 | $ | 826,468 | $ | 1,689,454 | $ | 1,227,097 | $ | 1,018,765 |
Portfolio turnover rate M | 29 % L | 23% | 34% | 38% N | 34% | 85% O |
Fidelity Advisor® Emerging Markets Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 31.89 | $ | 27.83 | $ | 47.55 | $ | 46.83 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .11 | .36 D | .26 E | .04 | ||||
Net realized and unrealized gain (loss) | 5.12 | 3.97 | (17.29) | .68 | ||||
Total from investment operations | 5.23 | 4.33 | (17.03) | .72 | ||||
Distributions from net investment income | (.40) | (.27) | (.53) | - | ||||
Distributions from net realized gain | - | - | (2.16) | - | ||||
Total distributions | (.40) | (.27) | (2.69) | - | ||||
Net asset value, end of period | $ | 36.72 | $ | 31.89 | $ | 27.83 | $ | 47.55 |
Total Return F,G | 16.50 % | 15.54% | (37.81)% | 1.54% | ||||
Ratios to Average Net Assets C,H,I | ||||||||
Expenses before reductions | .98% J | .91% | .89% | .94% J | ||||
Expenses net of fee waivers, if any | .97 % J | .90% | .89% | .93% J | ||||
Expenses net of all reductions | .97% J | .90% | .89% | .93% J | ||||
Net investment income (loss) | .60% J | 1.06% D | .76% E | .17% J | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 311,898 | $ | 114,992 | $ | 47,819 | $ | 25,824 |
Portfolio turnover rate K | 29 % J | 23% | 34% | 38% J,L |
Fidelity Advisor® Emerging Markets Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 A | |||||
Selected Per-Share Data | ||||||||
Net asset value, beginning of period | $ | 31.96 | $ | 27.87 | $ | 47.59 | $ | 46.83 |
Income from Investment Operations | ||||||||
Net investment income (loss) B,C | .14 | .40 D | .32 E | (.03) | ||||
Net realized and unrealized gain (loss) | 5.13 | 3.97 | (17.33) | .79 | ||||
Total from investment operations | 5.27 | 4.37 | (17.01) | .76 | ||||
Distributions from net investment income | (.44) | (.28) | (.55) | - | ||||
Distributions from net realized gain | - | - | (2.16) | - | ||||
Total distributions | (.44) | (.28) | (2.71) | - | ||||
Net asset value, end of period | $ | 36.79 | $ | 31.96 | $ | 27.87 | $ | 47.59 |
Total Return F,G | 16.60 % | 15.67% | (37.74)% | 1.62% | ||||
Ratios to Average Net Assets C,H,I | ||||||||
Expenses before reductions | .78% J | .77% | .77% | .78% J | ||||
Expenses net of fee waivers, if any | .77 % J | .76% | .77% | .78% J | ||||
Expenses net of all reductions | .77% J | .76% | .77% | .78% J | ||||
Net investment income (loss) | .80% J | 1.20% D | .88% E | (.13)% J | ||||
Supplemental Data | ||||||||
Net assets, end of period (000 omitted) | $ | 2,639,764 | $ | 1,611,575 | $ | 1,306,539 | $ | 1,797,766 |
Portfolio turnover rate K | 29 % J | 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% |
Gross unrealized appreciation | $2,874,158,896 |
Gross unrealized depreciation | (744,833,388) |
Net unrealized appreciation (depreciation) | $2,129,325,508 |
Tax cost | $6,939,408,080 |
Short-term | $(370,826,960) |
Long-term | (321,380,381) |
Total capital loss carryforward | $(692,207,341) |
Purchases ($) | Sales ($) | |
Fidelity Emerging Markets Fund | 2,029,254,779 | 1,173,800,567 |
Maximum Management Fee Rate % | |
Class A | .86 |
Class M | .86 |
Class C | .86 |
Emerging Markets | .84 |
Class K | .71 |
Class I | .85 |
Class Z | .71 |
Total Management Fee Rate % | |
Class A | .86 |
Class M | .86 |
Class C | .86 |
Emerging Markets | .84 |
Class K | .71 |
Class I | .84 |
Class Z | .71 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 23,621 | 1,660 |
Class M | .25% | .25% | 8,856 | 35 |
Class C | .75% | .25% | 9,945 | 3,258 |
42,422 | 4,953 |
Retained by FDC ($) | |
Class A | 3,543 |
Class M | 393 |
Class CA | 12 |
3,948 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Emerging Markets | .1718 |
Class I | .1894 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 12,360 | .20 |
Class M | 2,319 | .21 |
Class C | 1,355 | .21 |
Emerging Markets | 2,466,395 | .17 |
Class K | 201,867 | .04 |
Class I | 88,058 | .19 |
Class Z | 265,329 | .04 |
3,037,683 |
% of Average Net Assets | |
Fidelity Emerging Markets Fund | .0211 |
% of Average Net Assets | |
Fidelity Emerging Markets Fund | .02 |
Amount ($) | |
Fidelity Emerging Markets Fund | 8,467 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Emerging Markets Fund | Borrower | 11,095,714 | 5.57% | 12,017 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Emerging Markets Fund | 16,679,278 | 35,118,679 | (5,125,871) |
Amount ($) | |
Fidelity Emerging Markets Fund | 3,941 |
Amount ($) | |
Fidelity Emerging Markets Fund | 7,310 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Emerging Markets Fund | 10,757 | - | - |
Expense reduction ($) | |
Class M | 7 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Emerging Markets Fund | ||
Distributions to shareholders | ||
Class A | $149,850 | $53,539 |
Class M | 22,696 | 1,926 |
Class C | 2,509 | - |
Emerging Markets | 49,044,521 | 28,390,916 |
Class K | 18,162,751 | 8,364,511 |
Class I | 1,576,885 | 674,976 |
Class Z | 22,916,720 | 12,964,596 |
Total | $91,875,932 | $50,450,464 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 168,119 | 311,663 | $6,057,658 | $10,362,526 |
Reinvestment of distributions | 4,334 | 1,632 | 148,618 | 52,760 |
Shares redeemed | (69,670) | (194,860) | (2,479,974) | (6,441,724) |
Net increase (decrease) | 102,783 | 118,435 | $3,726,302 | $3,973,562 |
Class M | ||||
Shares sold | 30,800 | 53,614 | $1,138,757 | $1,831,527 |
Reinvestment of distributions | 656 | 60 | 22,545 | 1,926 |
Shares redeemed | (18,723) | (7,386) | (675,397) | (241,523) |
Net increase (decrease) | 12,733 | 46,288 | $485,905 | $1,591,930 |
Class C | ||||
Shares sold | 7,409 | 28,408 | $260,653 | $941,354 |
Reinvestment of distributions | 72 | - | 2,487 | - |
Shares redeemed | (7,304) | (22,275) | (256,237) | (725,503) |
Net increase (decrease) | 177 | 6,133 | $6,903 | $215,851 |
Emerging Markets | ||||
Shares sold | 9,186,457 | 32,842,894 | $328,251,116 | $1,091,041,239 |
Reinvestment of distributions | 1,104,208 | 705,770 | 37,951,098 | 22,902,138 |
Shares redeemed | (21,337,740) | (28,385,896) | (770,019,059) | (937,069,628) |
Net increase (decrease) | (11,047,075) | 5,162,768 | $(403,816,845) | $176,873,749 |
Class K | ||||
Shares sold | 15,662,088 | 13,987,503 | $553,285,904 | $471,747,111 |
Reinvestment of distributions | 528,375 | 257,656 | 18,156,694 | 8,363,213 |
Shares redeemed | (4,401,808) | (9,646,138) | (158,077,314) | (321,986,003) |
Net increase (decrease) | 11,788,655 | 4,599,021 | $413,365,284 | $158,124,321 |
Class I | ||||
Shares sold | 5,917,511 | 3,147,089 | $217,806,869 | $103,953,662 |
Reinvestment of distributions | 42,705 | 19,449 | 1,463,912 | 629,629 |
Shares redeemed | (1,072,033) | (1,278,880) | (38,515,599) | (41,874,106) |
Net increase (decrease) | 4,888,183 | 1,887,658 | $180,755,182 | $62,709,185 |
Class Z | ||||
Shares sold | 21,830,098 | 6,017,620 | $791,846,571 | $203,435,458 |
Reinvestment of distributions | 649,621 | 395,803 | 22,297,061 | 12,830,167 |
Shares redeemed | (1,146,348) | (2,879,543) | (40,741,769) | (95,344,656) |
Net increase (decrease) | 21,333,371 | 3,533,880 | $773,401,863 | $120,920,969 |
Strategic Advisers Fidelity Emerging Markets Fund | |
Fidelity Emerging Markets Fund | 18% |
Fund | % of shares held |
Fidelity Emerging Markets Fund | 36% |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 6.7 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 5.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 3.9 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.5 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.5 | |
SAP SE (Germany, Software) | 3.1 | |
Air Liquide SA (France, Chemicals) | 2.4 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.3 | |
L'Oreal SA (France, Personal Care Products) | 2.1 | |
Nestle SA (Reg. S) (United States of America, Food Products) | 1.9 | |
34.8 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 17.5 | |
Financials | 17.5 | |
Industrials | 14.7 | |
Information Technology | 13.0 | |
Consumer Discretionary | 12.8 | |
Consumer Staples | 8.5 | |
Energy | 4.7 | |
Materials | 4.7 | |
Communication Services | 3.5 | |
Real Estate | 1.1 | |
Utilities | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.3% | |||
Shares | Value ($) | ||
Australia - 1.2% | |||
Glencore PLC | 1,232,200 | 7,169,635 | |
Belgium - 2.2% | |||
KBC Group NV | 54,900 | 4,095,391 | |
UCB SA | 68,800 | 9,144,880 | |
TOTAL BELGIUM | 13,240,271 | ||
Denmark - 8.8% | |||
Novo Nordisk A/S Series B | 313,800 | 40,242,430 | |
Pandora A/S | 19,500 | 2,984,053 | |
Tryg A/S | 294,400 | 5,834,166 | |
Vestas Wind Systems A/S (a) | 136,100 | 3,668,852 | |
TOTAL DENMARK | 52,729,501 | ||
Finland - 1.3% | |||
Nordea Bank Abp | 688,600 | 8,035,458 | |
France - 20.6% | |||
Air Liquide SA | 74,180 | 14,508,022 | |
Airbus Group NV | 44,800 | 7,372,188 | |
ALTEN | 12,000 | 1,417,668 | |
AXA SA | 244,500 | 8,464,582 | |
BNP Paribas SA | 114,900 | 8,268,417 | |
Capgemini SA | 36,400 | 7,650,591 | |
Danone SA | 83,400 | 5,219,783 | |
Dassault Aviation SA | 27,300 | 5,861,874 | |
Dassault Systemes SA | 58,000 | 2,276,612 | |
EssilorLuxottica SA | 30,300 | 6,493,101 | |
L'Oreal SA | 26,600 | 12,480,573 | |
LVMH Moet Hennessy Louis Vuitton SE | 26,100 | 21,439,488 | |
Pernod Ricard SA | 10,700 | 1,621,504 | |
TotalEnergies SE | 290,707 | 21,104,957 | |
TOTAL FRANCE | 124,179,360 | ||
Germany - 11.3% | |||
Deutsche Borse AG | 32,100 | 6,188,623 | |
Deutsche Telekom AG | 261,000 | 5,978,353 | |
DHL Group | 78,400 | 3,282,603 | |
Gerresheimer AG | 24,500 | 2,640,786 | |
Merck KGaA | 28,200 | 4,482,656 | |
MTU Aero Engines AG | 20,600 | 4,981,647 | |
Rheinmetall AG | 12,000 | 6,623,470 | |
RWE AG | 73,000 | 2,542,993 | |
SAP SE | 103,200 | 18,634,519 | |
SCHOTT Pharma AG & Co. KGaA | 63,500 | 2,664,606 | |
Scout24 AG (b) | 77,600 | 5,722,497 | |
Siemens Healthineers AG (b) | 75,400 | 4,181,492 | |
TOTAL GERMANY | 67,924,245 | ||
Ireland - 0.8% | |||
AIB Group PLC | 961,400 | 4,992,546 | |
Italy - 7.5% | |||
Coca-Cola HBC AG | 89,600 | 2,899,756 | |
Davide Campari Milano NV | 366,500 | 3,684,433 | |
Ferrari NV (Italy) | 15,100 | 6,239,620 | |
FinecoBank SpA | 291,635 | 4,494,203 | |
Prada SpA | 1,116,300 | 9,103,778 | |
Prysmian SpA | 65,400 | 3,572,102 | |
Recordati SpA | 148,000 | 7,905,177 | |
UniCredit SpA | 193,300 | 7,094,953 | |
TOTAL ITALY | 44,994,022 | ||
Luxembourg - 0.5% | |||
CVC Capital Partners PLC | 151,700 | 2,752,202 | |
Netherlands - 6.5% | |||
ASML Holding NV (Netherlands) | 36,900 | 32,791,460 | |
Heineken NV (Bearer) | 35,800 | 3,488,186 | |
Topicus.Com, Inc. | 37,300 | 3,039,761 | |
TOTAL NETHERLANDS | 39,319,407 | ||
Norway - 1.8% | |||
Equinor ASA | 192,400 | 5,119,452 | |
Kongsberg Gruppen ASA | 54,100 | 3,827,934 | |
TGS ASA | 176,583 | 2,021,997 | |
TOTAL NORWAY | 10,969,383 | ||
Spain - 1.0% | |||
CaixaBank SA | 1,000,400 | 5,275,669 | |
Puig Group SL Class B | 22,700 | 593,523 | |
TOTAL SPAIN | 5,869,192 | ||
Sweden - 8.1% | |||
ASSA ABLOY AB (B Shares) | 143,300 | 3,786,189 | |
EQT AB | 118,800 | 3,258,796 | |
Evolution AB (b) | 38,600 | 4,315,197 | |
Haypp Group (a) | 399,824 | 3,127,366 | |
Hemnet Group AB | 301,500 | 7,906,564 | |
HEXPOL AB (B Shares) | 197,400 | 2,256,942 | |
Indutrade AB | 236,800 | 5,548,053 | |
Investor AB (B Shares) | 323,000 | 7,982,383 | |
Kry International AB (a)(c)(d) | 406 | 12,362 | |
Nordnet AB (e) | 203,700 | 3,681,993 | |
Saab AB (B Shares) | 38,200 | 3,045,490 | |
Sandvik AB (e) | 202,800 | 4,098,178 | |
TOTAL SWEDEN | 49,019,513 | ||
Switzerland - 3.5% | |||
Compagnie Financiere Richemont SA Series A | 71,440 | 9,874,939 | |
Galderma Group AG | 24,560 | 1,830,144 | |
Sika AG | 14,220 | 4,073,023 | |
UBS Group AG | 110,380 | 2,914,248 | |
Ypsomed Holding AG | 6,090 | 2,179,614 | |
TOTAL SWITZERLAND | 20,871,968 | ||
United Kingdom - 20.6% | |||
3i Group PLC | 135,764 | 4,850,502 | |
AstraZeneca PLC (United Kingdom) | 154,600 | 23,383,088 | |
B&M European Value Retail SA | 441,000 | 2,859,958 | |
Beazley PLC | 328,300 | 2,719,807 | |
Bunzl PLC | 140,908 | 5,412,441 | |
Compass Group PLC | 284,617 | 7,916,260 | |
Deliveroo PLC Class A (a)(b) | 1,916,500 | 3,204,192 | |
Diageo PLC | 285,087 | 9,852,515 | |
Direct Line Insurance Group PLC | 516,100 | 1,198,211 | |
Games Workshop Group PLC | 17,512 | 2,168,518 | |
Grainger Trust PLC | 816,670 | 2,617,506 | |
Halma PLC | 106,400 | 2,934,253 | |
Hiscox Ltd. | 270,317 | 4,154,628 | |
JD Sports Fashion PLC | 1,847,400 | 2,668,532 | |
Judges Scientific PLC | 15,102 | 2,113,519 | |
London Stock Exchange Group PLC | 73,500 | 8,102,648 | |
Londonmetric Properity PLC | 920,163 | 2,260,487 | |
Oxford Instruments PLC | 21,900 | 618,452 | |
RELX PLC (London Stock Exchange) | 342,618 | 14,077,105 | |
Rolls-Royce Holdings PLC (a) | 1,029,300 | 5,278,277 | |
Safestore Holdings PLC | 209,963 | 2,029,349 | |
Sage Group PLC | 570,600 | 8,313,501 | |
Spirax-Sarco Engineering PLC | 14,000 | 1,547,318 | |
Vistry Group PLC | 141,700 | 2,121,194 | |
Zegona Communications PLC (a) | 469,500 | 1,349,327 | |
TOTAL UNITED KINGDOM | 123,751,588 | ||
United States of America - 2.6% | |||
Experian PLC | 105,447 | 4,253,094 | |
Nestle SA (Reg. S) | 114,320 | 11,477,751 | |
TOTAL UNITED STATES OF AMERICA | 15,730,845 | ||
TOTAL COMMON STOCKS (Cost $473,259,189) | 591,549,136 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(c)(d) | 3,852 | 473,036 | |
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(c)(d) | 2,345 | 97,125 | |
TOTAL PREFERRED STOCKS (Cost $2,072,807) | 570,161 | ||
Money Market Funds - 2.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 5,207,190 | 5,208,231 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 7,200,883 | 7,201,604 | |
TOTAL MONEY MARKET FUNDS (Cost $12,409,835) | 12,409,835 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $487,741,831) | 604,529,132 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (2,709,247) |
NET ASSETS - 100.0% | 601,819,885 |
(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 $17,423,378 or 2.9% 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 $582,523 or 0.1% of net assets. |
(d) | Level 3 security |
(e) | Security or a portion of the security is on loan at period end. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 1,000,736 |
Kry International AB | 5/14/21 | 176,328 |
Kry International AB Series E | 5/14/21 | 1,072,071 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 4,563,237 | 76,076,406 | 75,431,444 | 108,786 | 32 | - | 5,208,231 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 2,636,857 | 18,370,417 | 13,805,670 | 15,191 | - | - | 7,201,604 | 0.0% |
Total | 7,200,094 | 94,446,823 | 89,237,114 | 123,977 | 32 | - | 12,409,835 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 20,956,741 | 14,978,388 | 5,978,353 | - |
Consumer Discretionary | 78,023,095 | 29,688,630 | 48,334,465 | - |
Consumer Staples | 51,318,024 | 24,174,452 | 27,143,572 | - |
Energy | 28,246,406 | 2,021,997 | 26,224,409 | - |
Financials | 104,359,426 | 64,578,614 | 39,780,812 | - |
Health Care | 105,147,974 | 37,340,964 | 67,807,010 | - |
Industrials | 88,350,334 | 50,300,878 | 38,049,456 | - |
Information Technology | 78,259,340 | 49,115,095 | 28,561,722 | 582,523 |
Materials | 28,007,622 | 6,329,965 | 21,677,657 | - |
Real Estate | 6,907,342 | 6,907,342 | - | - |
Utilities | 2,542,993 | - | 2,542,993 | - |
Money Market Funds | 12,409,835 | 12,409,835 | - | - |
Total Investments in Securities: | 604,529,132 | 297,846,160 | 306,100,449 | 582,523 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $6,762,958) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $475,331,996) | $ | 592,119,297 | ||
Fidelity Central Funds (cost $12,409,835) | 12,409,835 | |||
Total Investment in Securities (cost $487,741,831) | $ | 604,529,132 | ||
Foreign currency held at value (cost $278,866) | 257,257 | |||
Receivable for investments sold | 1,410,814 | |||
Receivable for fund shares sold | 24,202 | |||
Dividends receivable | 1,877,504 | |||
Reclaims receivable | 3,517,501 | |||
Distributions receivable from Fidelity Central Funds | 22,592 | |||
Prepaid expenses | 216 | |||
Total assets | 611,639,218 | |||
Liabilities | ||||
Payable for investments purchased | $ | 1,890,498 | ||
Payable for fund shares redeemed | 364,961 | |||
Accrued management fee | 299,646 | |||
Distribution and service plan fees payable | 7,055 | |||
Other payables and accrued expenses | 55,569 | |||
Collateral on securities loaned | 7,201,604 | |||
Total liabilities | 9,819,333 | |||
Net Assets | $ | 601,819,885 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 571,326,504 | ||
Total accumulated earnings (loss) | 30,493,381 | |||
Net Assets | $ | 601,819,885 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($16,258,163 ÷ 452,686 shares)(a) | $ | 35.91 | ||
Maximum offering price per share (100/94.25 of $35.91) | $ | 38.10 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,833,963 ÷ 134,368 shares)(a) | $ | 35.98 | ||
Maximum offering price per share (100/96.50 of $35.98) | $ | 37.28 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,894,111 ÷ 53,207 shares)(a) | $ | 35.60 | ||
Europe : | ||||
Net Asset Value, offering price and redemption price per share ($571,693,706 ÷ 15,913,949 shares) | $ | 35.92 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($4,701,075 ÷ 130,862 shares) | $ | 35.92 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($2,438,867 ÷ 68,070 shares) | $ | 35.83 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 8,333,298 | ||
Interest | 1,058 | |||
Income from Fidelity Central Funds (including $15,191 from security lending) | 123,977 | |||
Income before foreign taxes withheld | $ | 8,458,333 | ||
Less foreign taxes withheld | (734,642) | |||
Total income | 7,723,691 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,174,988 | ||
Performance adjustment | (756,850) | |||
Transfer agent fees | 325,541 | |||
Distribution and service plan fees | 42,820 | |||
Accounting fees | 94,136 | |||
Custodian fees and expenses | 25,170 | |||
Independent trustees' fees and expenses | 1,497 | |||
Registration fees | 66,050 | |||
Audit | 38,178 | |||
Legal | 1,332 | |||
Miscellaneous | 1,198 | |||
Total expenses before reductions | 2,014,060 | |||
Expense reductions | (26,821) | |||
Total expenses after reductions | 1,987,239 | |||
Net Investment income (loss) | 5,736,452 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 9,695,514 | |||
Fidelity Central Funds | 32 | |||
Foreign currency transactions | (46,014) | |||
Total net realized gain (loss) | 9,649,532 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 88,474,271 | |||
Assets and liabilities in foreign currencies | 22,088 | |||
Total change in net unrealized appreciation (depreciation) | 88,496,359 | |||
Net gain (loss) | 98,145,891 | |||
Net increase (decrease) in net assets resulting from operations | $ | 103,882,343 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,736,452 | $ | 10,631,570 |
Net realized gain (loss) | 9,649,532 | (1,666,121) | ||
Change in net unrealized appreciation (depreciation) | 88,496,359 | 54,400,651 | ||
Net increase (decrease) in net assets resulting from operations | 103,882,343 | 63,366,100 | ||
Distributions to shareholders | (9,697,062) | - | ||
Share transactions - net increase (decrease) | (40,001,337) | (68,214,872) | ||
Total increase (decrease) in net assets | 54,183,944 | (4,848,772) | ||
Net Assets | ||||
Beginning of period | 547,635,941 | 552,484,713 | ||
End of period | $ | 601,819,885 | $ | 547,635,941 |
Fidelity Advisor® Europe Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.50 | $ | 27.58 | $ | 46.12 | $ | 35.37 | $ | 36.30 | $ | 37.61 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .28 | .46 | .47 | .41 | .19 | 1.41 C | ||||||
Net realized and unrealized gain (loss) | 5.56 | 2.46 | (12.91) | 10.72 | 1.46 | .82 | ||||||
Total from investment operations | 5.84 | 2.92 | (12.44) | 11.13 | 1.65 | 2.23 | ||||||
Distributions from net investment income | (.43) | - | (.99) | (.38) | (1.50) | (.11) | ||||||
Distributions from net realized gain | - | - | (5.12) | - | (1.08) | (3.43) | ||||||
Total distributions | (.43) | - | (6.10) D | (.38) | (2.58) | (3.54) | ||||||
Net asset value, end of period | $ | 35.91 | $ | 30.50 | $ | 27.58 | $ | 46.12 | $ | 35.37 | $ | 36.30 |
Total Return E,F,G | 19.27 % | 10.59% | (30.29)% | 31.60% | 4.62% | 7.21% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .94% J | 1.02% | 1.18% | 1.36% | 1.34% | 1.09% | ||||||
Expenses net of fee waivers, if any | .94 % J | 1.01% | 1.18% | 1.36% | 1.34% | 1.09% | ||||||
Expenses net of all reductions | .94% J | 1.01% | 1.18% | 1.36% | 1.33% | 1.07% | ||||||
Net investment income (loss) | 1.64% J | 1.43% | 1.42% | .92% | .56% | 4.02% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 16,258 | $ | 15,325 | $ | 16,495 | $ | 32,148 | $ | 23,189 | $ | 20,819 |
Portfolio turnover rate K | 32 % J | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.50 | $ | 27.65 | $ | 46.18 | $ | 35.42 | $ | 36.32 | $ | 37.57 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .24 | .38 | .37 | .27 | .09 | 1.30 C | ||||||
Net realized and unrealized gain (loss) | 5.57 | 2.47 | (12.95) | 10.75 | 1.45 | .83 | ||||||
Total from investment operations | 5.81 | 2.85 | (12.58) | 11.02 | 1.54 | 2.13 | ||||||
Distributions from net investment income | (.33) | - | (.83) | (.26) | (1.36) | - | ||||||
Distributions from net realized gain | - | - | (5.12) | - | (1.08) | (3.38) | ||||||
Total distributions | (.33) | - | (5.95) | (.26) | (2.44) | (3.38) | ||||||
Net asset value, end of period | $ | 35.98 | $ | 30.50 | $ | 27.65 | $ | 46.18 | $ | 35.42 | $ | 36.32 |
Total Return D,E,F | 19.14 % | 10.31% | (30.51)% | 31.20% | 4.30% | 6.88% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.20% I | 1.29% | 1.49% | 1.68% | 1.65% | 1.41% | ||||||
Expenses net of fee waivers, if any | 1.20 % I | 1.28% | 1.48% | 1.68% | 1.65% | 1.40% | ||||||
Expenses net of all reductions | 1.19% I | 1.28% | 1.48% | 1.68% | 1.64% | 1.38% | ||||||
Net investment income (loss) | 1.38% I | 1.16% | 1.12% | .59% | .25% | 3.70% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,834 | $ | 4,248 | $ | 4,066 | $ | 6,937 | $ | 5,204 | $ | 5,782 |
Portfolio turnover rate J | 32 % I | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.03 | $ | 27.36 | $ | 45.63 | $ | 35.01 | $ | 35.87 | $ | 37.23 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .21 | .21 | .04 | (.09) | 1.12 C | ||||||
Net realized and unrealized gain (loss) | 5.50 | 2.46 | (12.84) | 10.64 | 1.45 | .82 | ||||||
Total from investment operations | 5.65 | 2.67 | (12.63) | 10.68 | 1.36 | 1.94 | ||||||
Distributions from net investment income | (.08) | - | (.52) | (.06) | (1.14) | - | ||||||
Distributions from net realized gain | - | - | (5.12) | - | (1.08) | (3.30) | ||||||
Total distributions | (.08) | - | (5.64) | (.06) | (2.22) | (3.30) | ||||||
Net asset value, end of period | $ | 35.60 | $ | 30.03 | $ | 27.36 | $ | 45.63 | $ | 35.01 | $ | 35.87 |
Total Return D,E,F | 18.83 % | 9.76% | (30.85)% | 30.53% | 3.81% | 6.35% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.69% I | 1.79% | 1.99% | 2.19% | 2.15% | 1.90% | ||||||
Expenses net of fee waivers, if any | 1.68 % I | 1.78% | 1.98% | 2.18% | 2.15% | 1.90% | ||||||
Expenses net of all reductions | 1.68% I | 1.78% | 1.98% | 2.18% | 2.14% | 1.87% | ||||||
Net investment income (loss) | .90% I | .65% | .62% | .09% | (.25)% | 3.21% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,894 | $ | 2,025 | $ | 2,496 | $ | 5,255 | $ | 5,242 | $ | 6,145 |
Portfolio turnover rate J | 32 % I | 37% | 55% | 52% | 39% | 45% |
Fidelity® Europe Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.58 | $ | 27.57 | $ | 46.11 | $ | 35.35 | $ | 36.28 | $ | 37.70 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .33 | .57 | .57 | .54 | .30 | 1.52 C | ||||||
Net realized and unrealized gain (loss) | 5.57 | 2.44 | (12.88) | 10.71 | 1.46 | .81 | ||||||
Total from investment operations | 5.90 | 3.01 | (12.31) | 11.25 | 1.76 | 2.33 | ||||||
Distributions from net investment income | (.56) | - | (1.11) | (.49) | (1.61) | (.32) | ||||||
Distributions from net realized gain | - | - | (5.12) | - | (1.08) | (3.43) | ||||||
Total distributions | (.56) | - | (6.23) | (.49) | (2.69) | (3.75) | ||||||
Net asset value, end of period | $ | 35.92 | $ | 30.58 | $ | 27.57 | $ | 46.11 | $ | 35.35 | $ | 36.28 |
Total Return D,E | 19.44 % | 10.92% | (30.07)% | 31.99% | 4.95% | 7.56% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .66% H | .70% | .88% | 1.06% | 1.03% | .78% | ||||||
Expenses net of fee waivers, if any | .65 % H | .69% | .88% | 1.06% | 1.03% | .77% | ||||||
Expenses net of all reductions | .65% H | .69% | .88% | 1.06% | 1.02% | .75% | ||||||
Net investment income (loss) | 1.93% H | 1.75% | 1.73% | 1.21% | .86% | 4.33% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 571,694 | $ | 519,010 | $ | 523,685 | $ | 913,296 | $ | 755,125 | $ | 836,373 |
Portfolio turnover rate I | 32 % H | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.58 | $ | 27.56 | $ | 46.07 | $ | 35.34 | $ | 36.27 | $ | 37.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .34 | .57 | .60 | .54 | .31 | 1.53 C | ||||||
Net realized and unrealized gain (loss) | 5.56 | 2.45 | (12.91) | 10.70 | 1.46 | .80 | ||||||
Total from investment operations | 5.90 | 3.02 | (12.31) | 11.24 | 1.77 | 2.33 | ||||||
Distributions from net investment income | (.56) | - | (1.08) | (.51) | (1.62) | (.32) | ||||||
Distributions from net realized gain | - | - | (5.12) | - | (1.08) | (3.43) | ||||||
Total distributions | (.56) | - | (6.20) | (.51) | (2.70) | (3.75) | ||||||
Net asset value, end of period | $ | 35.92 | $ | 30.58 | $ | 27.56 | $ | 46.07 | $ | 35.34 | $ | 36.27 |
Total Return D,E | 19.46 % | 10.96% | (30.08)% | 31.99% | 4.99% | 7.58% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .64% H | .68% | .86% | 1.06% | 1.00% | .75% | ||||||
Expenses net of fee waivers, if any | .63 % H | .67% | .86% | 1.06% | 1.00% | .74% | ||||||
Expenses net of all reductions | .63% H | .67% | .86% | 1.06% | .99% | .72% | ||||||
Net investment income (loss) | 1.95% H | 1.77% | 1.74% | 1.22% | .90% | 4.36% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,701 | $ | 4,806 | $ | 4,283 | $ | 14,401 | $ | 14,733 | $ | 6,686 |
Portfolio turnover rate I | 32 % H | 37% | 55% | 52% | 39% | 45% |
Fidelity Advisor® Europe Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 30.53 | $ | 27.48 | $ | 46.00 | $ | 35.27 | $ | 36.21 | $ | 37.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .35 | .61 | .62 | .59 | .34 | 1.53 C | ||||||
Net realized and unrealized gain (loss) | 5.56 | 2.44 | (12.86) | 10.67 | 1.47 | .82 | ||||||
Total from investment operations | 5.91 | 3.05 | (12.24) | 11.26 | 1.81 | 2.35 | ||||||
Distributions from net investment income | (.61) | - | (1.17) | (.53) | (1.67) | (.41) | ||||||
Distributions from net realized gain | - | - | (5.12) | - | (1.08) | (3.43) | ||||||
Total distributions | (.61) | - | (6.28) D | (.53) | (2.75) | (3.83) D | ||||||
Net asset value, end of period | $ | 35.83 | $ | 30.53 | $ | 27.48 | $ | 46.00 | $ | 35.27 | $ | 36.21 |
Total Return E,F | 19.53 % | 11.10% | (30.00)% | 32.13% | 5.11% | 7.71% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .54% I | .57% | .76% | .95% | .91% | .65% | ||||||
Expenses net of fee waivers, if any | .53 % I | .56% | .75% | .95% | .90% | .64% | ||||||
Expenses net of all reductions | .53% I | .56% | .75% | .95% | .90% | .62% | ||||||
Net investment income (loss) | 2.05% I | 1.87% | 1.85% | 1.33% | .99% | 4.46% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,439 | $ | 2,222 | $ | 1,461 | $ | 28,249 | $ | 19,479 | $ | 21,838 |
Portfolio turnover rate J | 32 % I | 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 | $132,986,766 |
Gross unrealized depreciation | (16,258,620) |
Net unrealized appreciation (depreciation) | $116,728,146 |
Tax cost | $487,800,986 |
Short-term | $(56,749,290) |
Long-term | (44,177,363) |
Total capital loss carryforward | $(100,926,653) |
Purchases ($) | Sales ($) | |
Fidelity Europe Fund | 93,743,123 | 139,327,574 |
Maximum Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .88 |
Europe | .84 |
Class I | .83 |
Class Z | .72 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
Europe | .83 |
Class I | .83 |
Class Z | .72 |
Performance Adjustment Index | |
Fidelity Europe Fund | MSCI Europe Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 20,832 | 180 |
Class M | .25% | .25% | 11,828 | 126 |
Class C | .75% | .25% | 10,160 | 476 |
42,820 | 782 |
Retained by FDC ($) | |
Class A | 526 |
Class M | 72 |
Class CA | 50 |
648 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Europe | .1641 |
Class I | .1486 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 11,676 | .21 |
Class M | 3,224 | .21 |
Class C | 1,460 | .21 |
Europe | 306,527 | .16 |
Class I | 2,318 | .15 |
Class Z | 336 | .04 |
325,541 |
% of Average Net Assets | |
Fidelity Europe Fund | .0476 |
% of Average Net Assets | |
Fidelity Europe Fund | .05 |
Amount ($) | |
Fidelity Europe Fund | 62 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Europe Fund | 2,864,929 | 5,037,350 | (228,621) |
Amount ($) | |
Fidelity Europe Fund | 548 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Europe Fund | 1,683 | - | - |
Expense reduction ($) | |
Class A | 1 |
Class M | 25 |
26 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Europe Fund | ||
Distributions to shareholders | ||
Class A | $214,383 | $ - |
Class M | 44,641 | - |
Class C | 5,044 | - |
Europe | 9,309,343 | - |
Class I | 81,789 | - |
Class Z | 41,862 | - |
Total | $9,697,062 | $ - |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Europe Fund | ||||
Class A | ||||
Shares sold | 10,872 | 44,425 | $376,921 | $1,464,114 |
Reinvestment of distributions | 6,443 | - | 213,141 | - |
Shares redeemed | (67,050) | (139,999) | (2,329,419) | (4,536,728) |
Net increase (decrease) | (49,735) | (95,574) | $(1,739,357) | $(3,072,614) |
Class M | ||||
Shares sold | 2,139 | 4,489 | $74,928 | $147,618 |
Reinvestment of distributions | 1,296 | - | 42,989 | - |
Shares redeemed | (8,337) | (12,258) | (284,291) | (398,082) |
Net increase (decrease) | (4,902) | (7,769) | $(166,374) | $(250,464) |
Class C | ||||
Shares sold | 1,103 | 8,574 | $38,158 | $278,728 |
Reinvestment of distributions | 153 | - | 5,024 | - |
Shares redeemed | (15,474) | (32,347) | (527,954) | (1,039,195) |
Net increase (decrease) | (14,218) | (23,773) | $(484,772) | $(760,467) |
Europe | ||||
Shares sold | 358,158 | 957,209 | $12,498,504 | $31,285,588 |
Reinvestment of distributions | 259,528 | - | 8,577,392 | - |
Shares redeemed | (1,675,216) | (2,983,175) | (57,645,055) | (96,260,656) |
Net increase (decrease) | (1,057,530) | (2,025,966) | $(36,569,159) | $(64,975,068) |
Class I | ||||
Shares sold | 7,280 | 81,291 | $250,946 | $2,703,708 |
Reinvestment of distributions | 1,869 | - | 61,781 | - |
Shares redeemed | (35,435) | (79,518) | (1,187,932) | (2,541,717) |
Net increase (decrease) | (26,286) | 1,773 | $(875,205) | $161,991 |
Class Z | ||||
Shares sold | 5,635 | 49,574 | $191,620 | $1,674,500 |
Reinvestment of distributions | 865 | - | 28,496 | - |
Shares redeemed | (11,212) | (29,932) | (386,586) | (992,750) |
Net increase (decrease) | (4,712) | 19,642 | $(166,470) | $681,750 |
Top Holdings (% of Fund's net assets) | ||
Sumitomo Mitsui Financial Group, Inc. (Banks) | 5.8 | |
Hitachi Ltd. (Industrial Conglomerates) | 4.1 | |
Sony Group Corp. (Household Durables) | 3.8 | |
Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) | 3.6 | |
ORIX Corp. (Financial Services) | 3.2 | |
Shin-Etsu Chemical Co. Ltd. (Chemicals) | 3.1 | |
Hoya Corp. (Health Care Equipment & Supplies) | 3.0 | |
DENSO Corp. (Automobile Components) | 2.9 | |
FUJIFILM Holdings Corp. (Technology Hardware, Storage & Peripherals) | 2.3 | |
SMC Corp. (Machinery) | 2.2 | |
34.0 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 22.8 | |
Information Technology | 20.0 | |
Consumer Discretionary | 17.3 | |
Financials | 12.2 | |
Materials | 7.6 | |
Health Care | 6.8 | |
Communication Services | 4.4 | |
Consumer Staples | 3.2 | |
Energy | 2.5 | |
Utilities | 1.5 | |
Real Estate | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 99.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 4.4% | |||
Diversified Telecommunication Services - 0.6% | |||
JTOWER, Inc. (a) | 184,000 | 3,758,093 | |
Entertainment - 0.6% | |||
Daiichikosho Co. Ltd. | 344,300 | 4,018,809 | |
Interactive Media & Services - 1.4% | |||
Hypebeast Ltd. (a) | 6,975,700 | 204,033 | |
Kakaku.com, Inc. | 389,000 | 4,474,495 | |
LY Corp. | 1,807,400 | 4,342,521 | |
9,021,049 | |||
Wireless Telecommunication Services - 1.8% | |||
SoftBank Group Corp. | 228,100 | 11,218,094 | |
TOTAL COMMUNICATION SERVICES | 28,016,045 | ||
CONSUMER DISCRETIONARY - 17.3% | |||
Automobile Components - 2.9% | |||
DENSO Corp. | 1,099,700 | 18,742,322 | |
Automobiles - 2.4% | |||
Isuzu Motors Ltd. | 443,900 | 5,625,480 | |
Suzuki Motor Corp. | 830,400 | 9,670,660 | |
15,296,140 | |||
Broadline Retail - 1.1% | |||
Pan Pacific International Holdings Ltd. | 290,200 | 6,815,645 | |
Hotels, Restaurants & Leisure - 1.6% | |||
Curves Holdings Co. Ltd. | 856,100 | 4,020,804 | |
Kyoritsu Maintenance Co. Ltd. | 290,800 | 6,201,500 | |
10,222,304 | |||
Household Durables - 5.1% | |||
Chervon Holdings Ltd. (b) | 1,163,900 | 2,826,603 | |
Open House Group Co. Ltd. | 179,700 | 5,464,720 | |
Sony Group Corp. | 294,600 | 24,349,093 | |
32,640,416 | |||
Leisure Products - 1.0% | |||
Roland Corp. | 145,600 | 3,958,103 | |
YONEX Co. Ltd. | 345,100 | 2,751,977 | |
6,710,080 | |||
Specialty Retail - 2.4% | |||
Fast Retailing Co. Ltd. | 38,400 | 10,040,412 | |
ZOZO, Inc. | 268,200 | 5,776,620 | |
15,817,032 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Descente Ltd. | 224,000 | 5,050,608 | |
TOTAL CONSUMER DISCRETIONARY | 111,294,547 | ||
CONSUMER STAPLES - 3.2% | |||
Consumer Staples Distribution & Retail - 2.7% | |||
Seven & i Holdings Co. Ltd. | 869,100 | 11,229,816 | |
Sugi Holdings Co. Ltd. | 152,100 | 2,231,654 | |
Tsuruha Holdings, Inc. | 29,100 | 1,836,906 | |
Welcia Holdings Co. Ltd. | 142,300 | 2,092,209 | |
17,390,585 | |||
Food Products - 0.5% | |||
Ajinomoto Co., Inc. | 89,200 | 3,316,587 | |
TOTAL CONSUMER STAPLES | 20,707,172 | ||
ENERGY - 2.5% | |||
Oil, Gas & Consumable Fuels - 2.5% | |||
ENEOS Holdings, Inc. | 840,400 | 3,882,829 | |
INPEX Corp. | 812,000 | 12,163,599 | |
16,046,428 | |||
FINANCIALS - 12.2% | |||
Banks - 5.8% | |||
Sumitomo Mitsui Financial Group, Inc. | 653,600 | 37,126,973 | |
Capital Markets - 0.6% | |||
SBI Holdings, Inc. Japan | 155,200 | 3,778,832 | |
Financial Services - 3.2% | |||
ORIX Corp. | 1,004,900 | 20,565,697 | |
Insurance - 2.6% | |||
Lifenet Insurance Co. (a)(b) | 406,600 | 3,590,195 | |
Tokio Marine Holdings, Inc. | 419,200 | 13,249,401 | |
16,839,596 | |||
TOTAL FINANCIALS | 78,311,098 | ||
HEALTH CARE - 6.8% | |||
Biotechnology - 0.2% | |||
PeptiDream, Inc. (a) | 110,100 | 1,402,921 | |
Health Care Equipment & Supplies - 3.0% | |||
Hoya Corp. | 168,600 | 19,547,455 | |
Health Care Providers & Services - 0.3% | |||
CUC, Inc. (a)(b) | 192,700 | 2,062,625 | |
Health Care Technology - 0.2% | |||
Medlive Technology Co. Ltd. (c) | 1,008,500 | 1,059,457 | |
Pharmaceuticals - 3.1% | |||
Astellas Pharma, Inc. | 775,900 | 7,447,012 | |
Daiichi Sankyo Kabushiki Kaisha | 370,500 | 12,470,182 | |
19,917,194 | |||
TOTAL HEALTH CARE | 43,989,652 | ||
INDUSTRIALS - 22.8% | |||
Aerospace & Defense - 0.3% | |||
Space Exploration Technologies Corp. Class A (a)(d)(e) | 18,055 | 1,751,335 | |
Building Products - 0.7% | |||
Toto Ltd. | 159,400 | 4,314,081 | |
Electrical Equipment - 2.1% | |||
Mitsubishi Electric Corp. | 583,700 | 10,173,848 | |
Nidec Corp. | 73,900 | 3,460,949 | |
13,634,797 | |||
Industrial Conglomerates - 4.1% | |||
Hitachi Ltd. | 289,400 | 26,700,245 | |
Machinery - 7.9% | |||
Ebara Corp. | 31,200 | 2,571,943 | |
Hoshizaki Corp. | 93,400 | 3,218,444 | |
IHI Corp. | 327,800 | 7,848,894 | |
Kawasaki Heavy Industries Ltd. | 105,200 | 3,256,789 | |
Minebea Mitsumi, Inc. | 201,100 | 3,766,674 | |
Misumi Group, Inc. | 366,160 | 5,952,978 | |
Mitsubishi Heavy Industries Ltd. | 851,100 | 7,609,785 | |
Nabtesco Corp. | 155,900 | 2,571,094 | |
SMC Corp. | 27,400 | 14,395,047 | |
51,191,648 | |||
Professional Services - 5.9% | |||
BayCurrent Consulting, Inc. | 221,900 | 4,723,622 | |
Funai Soken Holdings, Inc. | 250,200 | 3,785,318 | |
Gakujo Co. Ltd. (b) | 202,100 | 2,230,432 | |
Persol Holdings Co. Ltd. | 6,714,800 | 9,288,647 | |
SMS Co., Ltd. | 238,300 | 3,297,474 | |
TechnoPro Holdings, Inc. | 623,400 | 10,618,620 | |
Visional, Inc. (a) | 84,500 | 3,855,589 | |
37,799,702 | |||
Trading Companies & Distributors - 1.8% | |||
Itochu Corp. | 253,000 | 11,414,037 | |
TOTAL INDUSTRIALS | 146,805,845 | ||
INFORMATION TECHNOLOGY - 20.0% | |||
Electronic Equipment, Instruments & Components - 6.0% | |||
Dexerials Corp. | 236,400 | 8,854,749 | |
Hamamatsu Photonics K.K. | 177,400 | 6,500,233 | |
Ibiden Co. Ltd. | 170,400 | 6,477,502 | |
Iriso Electronics Co. Ltd. | 71,200 | 1,392,295 | |
Murata Manufacturing Co. Ltd. | 372,800 | 6,811,866 | |
Shibaura Electronics Co. Ltd. | 68,000 | 2,632,665 | |
TDK Corp. | 138,200 | 6,165,240 | |
38,834,550 | |||
IT Services - 5.1% | |||
DTS Corp. | 185,100 | 5,049,660 | |
ExaWizards, Inc. (a)(b) | 627,500 | 1,758,451 | |
Fujitsu Ltd. | 925,000 | 14,289,542 | |
NSD Co. Ltd. | 373,400 | 7,298,469 | |
Techmatrix Corp. | 407,600 | 4,319,760 | |
32,715,882 | |||
Semiconductors & Semiconductor Equipment - 5.5% | |||
Furuya Metal Co. Ltd. (b) | 5,200 | 363,719 | |
Renesas Electronics Corp. | 1,415,800 | 22,986,578 | |
ROHM Co. Ltd. | 336,400 | 4,835,701 | |
Sumco Corp. | 476,900 | 7,112,161 | |
35,298,159 | |||
Software - 0.9% | |||
Appier Group, Inc. (a) | 76,600 | 631,345 | |
Money Forward, Inc. (a) | 145,800 | 5,076,956 | |
5,708,301 | |||
Technology Hardware, Storage & Peripherals - 2.5% | |||
FUJIFILM Holdings Corp. | 701,200 | 14,916,268 | |
Sun Corp. | 78,000 | 1,648,749 | |
16,565,017 | |||
TOTAL INFORMATION TECHNOLOGY | 129,121,909 | ||
MATERIALS - 7.6% | |||
Chemicals - 7.6% | |||
Mitsui Chemicals, Inc. | 180,700 | 5,143,248 | |
Nippon Sanso Holdings Corp. | 213,600 | 6,344,435 | |
Nissan Chemical Corp. | 64,500 | 2,198,688 | |
NOF Corp. | 335,700 | 4,503,728 | |
Resonac Holdings Corp. | 240,200 | 5,208,241 | |
Shin-Etsu Chemical Co. Ltd. | 514,800 | 19,927,362 | |
Tokyo Ohka Kogyo Co. Ltd. | 213,300 | 5,656,352 | |
48,982,054 | |||
REAL ESTATE - 0.8% | |||
Real Estate Management & Development - 0.8% | |||
Relo Group, Inc. | 612,000 | 5,319,876 | |
UTILITIES - 1.5% | |||
Electric Utilities - 1.5% | |||
Kansai Electric Power Co., Inc. | 657,600 | 9,850,468 | |
TOTAL COMMON STOCKS (Cost $522,795,111) | 638,445,094 | ||
Money Market Funds - 1.2% | |||
Shares | Value ($) | ||
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) (Cost $7,467,979) | 7,467,232 | 7,467,979 | |
TOTAL INVESTMENT IN SECURITIES - 100.3% (Cost $530,263,090) | 645,913,073 |
NET OTHER ASSETS (LIABILITIES) - (0.3)% | (1,733,574) |
NET ASSETS - 100.0% | 644,179,499 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $1,059,457 or 0.2% of net assets. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $1,751,335 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 558,316 | 14,720,659 | 15,278,969 | 21,915 | (6) | - | - | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 13,586,272 | 145,224,567 | 151,342,860 | 121,713 | - | - | 7,467,979 | 0.0% |
Total | 14,144,588 | 159,945,226 | 166,621,829 | 143,628 | (6) | - | 7,467,979 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 28,016,045 | - | 28,016,045 | - |
Consumer Discretionary | 111,294,547 | - | 111,294,547 | - |
Consumer Staples | 20,707,172 | - | 20,707,172 | - |
Energy | 16,046,428 | - | 16,046,428 | - |
Financials | 78,311,098 | - | 78,311,098 | - |
Health Care | 43,989,652 | - | 43,989,652 | - |
Industrials | 146,805,845 | - | 145,054,510 | 1,751,335 |
Information Technology | 129,121,909 | - | 129,121,909 | - |
Materials | 48,982,054 | - | 48,982,054 | - |
Real Estate | 5,319,876 | - | 5,319,876 | - |
Utilities | 9,850,468 | - | 9,850,468 | - |
Money Market Funds | 7,467,979 | 7,467,979 | - | - |
Total Investments in Securities: | 645,913,073 | 7,467,979 | 636,693,759 | 1,751,335 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $7,097,767) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $522,795,111) | $ | 638,445,094 | ||
Fidelity Central Funds (cost $7,467,979) | 7,467,979 | |||
Total Investment in Securities (cost $530,263,090) | $ | 645,913,073 | ||
Foreign currency held at value (cost $3,243,326) | 3,243,326 | |||
Receivable for investments sold | 2,244,868 | |||
Receivable for fund shares sold | 549,037 | |||
Dividends receivable | 4,920,502 | |||
Distributions receivable from Fidelity Central Funds | 20,488 | |||
Prepaid expenses | 242 | |||
Total assets | 656,891,536 | |||
Liabilities | ||||
Payable to custodian bank | $ | 929,195 | ||
Payable for investments purchased | 3,890,242 | |||
Payable for fund shares redeemed | 61,369 | |||
Accrued management fee | 307,625 | |||
Distribution and service plan fees payable | 6,652 | |||
Other payables and accrued expenses | 48,975 | |||
Collateral on securities loaned | 7,467,979 | |||
Total liabilities | 12,712,037 | |||
Net Assets | $ | 644,179,499 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 525,421,148 | ||
Total accumulated earnings (loss) | 118,758,351 | |||
Net Assets | $ | 644,179,499 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($17,466,949 ÷ 1,100,086 shares)(a) | $ | 15.88 | ||
Maximum offering price per share (100/94.25 of $15.88) | $ | 16.85 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,672,655 ÷ 169,383 shares)(a) | $ | 15.78 | ||
Maximum offering price per share (100/96.50 of $15.78) | $ | 16.35 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,055,506 ÷ 132,817 shares)(a) | $ | 15.48 | ||
Japan : | ||||
Net Asset Value, offering price and redemption price per share ($169,185,918 ÷ 10,570,767 shares) | $ | 16.01 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($38,077,303 ÷ 2,359,705 shares) | $ | 16.14 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($414,721,168 ÷ 25,970,397 shares) | $ | 15.97 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,877,352 | ||
Income from Fidelity Central Funds (including $121,713 from security lending) | 143,628 | |||
Income before foreign taxes withheld | $ | 7,020,980 | ||
Less foreign taxes withheld | (686,498) | |||
Total income | 6,334,482 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,275,299 | ||
Performance adjustment | (702,604) | |||
Transfer agent fees | 201,076 | |||
Distribution and service plan fees | 39,032 | |||
Accounting fees | 99,064 | |||
Custodian fees and expenses | 20,182 | |||
Independent trustees' fees and expenses | 1,651 | |||
Registration fees | 67,715 | |||
Audit | 33,885 | |||
Legal | 339 | |||
Interest | 38,788 | |||
Miscellaneous | 1,323 | |||
Total expenses before reductions | 2,075,750 | |||
Expense reductions | (28,574) | |||
Total expenses after reductions | 2,047,176 | |||
Net Investment income (loss) | 4,287,306 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 6,102,578 | |||
Fidelity Central Funds | (6) | |||
Foreign currency transactions | (165,877) | |||
Total net realized gain (loss) | 5,936,695 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 67,480,994 | |||
Assets and liabilities in foreign currencies | (111,105) | |||
Total change in net unrealized appreciation (depreciation) | 67,369,889 | |||
Net gain (loss) | 73,306,584 | |||
Net increase (decrease) in net assets resulting from operations | $ | 77,593,890 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,287,306 | $ | 6,921,452 |
Net realized gain (loss) | 5,936,695 | 32,280,933 | ||
Change in net unrealized appreciation (depreciation) | 67,369,889 | 14,095,560 | ||
Net increase (decrease) in net assets resulting from operations | 77,593,890 | 53,297,945 | ||
Distributions to shareholders | (23,847,306) | - | ||
Share transactions - net increase (decrease) | (41,824,066) | 6,725,873 | ||
Total increase (decrease) in net assets | 11,922,518 | 60,023,818 | ||
Net Assets | ||||
Beginning of period | 632,256,981 | 572,233,163 | ||
End of period | $ | 644,179,499 | $ | 632,256,981 |
Fidelity Advisor® Japan Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.56 | $ | 13.26 | $ | 20.90 | $ | 17.50 | $ | 15.80 | $ | 14.15 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .11 | .04 | .02 | .05 | .07 | ||||||
Net realized and unrealized gain (loss) | 1.79 | 1.19 | (5.58) | 3.71 | 1.81 | 1.58 | ||||||
Total from investment operations | 1.87 | 1.30 | (5.54) | 3.73 | 1.86 | 1.65 | ||||||
Distributions from net investment income | (.09) | - | (.55) | (.07) | (.07) | - | ||||||
Distributions from net realized gain | (.46) | - | (1.55) | (.25) | (.09) | - | ||||||
Total distributions | (.55) | - | (2.10) | (.33) C | (.16) | - | ||||||
Net asset value, end of period | $ | 15.88 | $ | 14.56 | $ | 13.26 | $ | 20.90 | $ | 17.50 | $ | 15.80 |
Total Return D,E,F | 13.05 % | 9.80% | (29.38)% | 21.42% | 11.85% | 11.66% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .98% I | 1.22% | 1.39% | 1.38% | 1.37% | 1.33% | ||||||
Expenses net of fee waivers, if any | .98 % I | 1.22% | 1.39% | 1.38% | 1.37% | 1.32% | ||||||
Expenses net of all reductions | .97% I | 1.21% | 1.39% | 1.38% | 1.37% | 1.32% | ||||||
Net investment income (loss) | .98% I | .69% | .26% | .08% | .35% | .51% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,467 | $ | 15,764 | $ | 13,004 | $ | 20,357 | $ | 16,181 | $ | 16,069 |
Portfolio turnover rate J | 24 % I | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.44 | $ | 13.19 | $ | 20.76 | $ | 17.40 | $ | 15.71 | $ | 14.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .06 | (.01) | (.05) | .01 | .03 | ||||||
Net realized and unrealized gain (loss) | 1.78 | 1.19 | (5.55) | 3.69 | 1.80 | 1.57 | ||||||
Total from investment operations | 1.84 | 1.25 | (5.56) | 3.64 | 1.81 | 1.60 | ||||||
Distributions from net investment income | (.04) | - | (.46) | (.02) | (.03) | - | ||||||
Distributions from net realized gain | (.46) | - | (1.55) | (.25) | (.09) | - | ||||||
Total distributions | (.50) | - | (2.01) | (.28) C | (.12) | - | ||||||
Net asset value, end of period | $ | 15.78 | $ | 14.44 | $ | 13.19 | $ | 20.76 | $ | 17.40 | $ | 15.71 |
Total Return D,E,F | 12.87 % | 9.48% | (29.55)% | 21.00% | 11.55% | 11.34% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.24% I | 1.51% | 1.69% | 1.70% | 1.67% | 1.64% | ||||||
Expenses net of fee waivers, if any | 1.23 % I | 1.50% | 1.69% | 1.70% | 1.67% | 1.64% | ||||||
Expenses net of all reductions | 1.23% I | 1.49% | 1.69% | 1.70% | 1.67% | 1.63% | ||||||
Net investment income (loss) | .73% I | .42% | (.04)% | (.23)% | .04% | .19% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,673 | $ | 2,354 | $ | 2,282 | $ | 3,919 | $ | 3,728 | $ | 3,945 |
Portfolio turnover rate J | 24 % I | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.17 | $ | 13.00 | $ | 20.43 | $ | 17.17 | $ | 15.49 | $ | 13.97 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | - C | (.07) | (.12) | (.05) | (.02) | ||||||
Net realized and unrealized gain (loss) | 1.75 | 1.17 | (5.49) | 3.63 | 1.77 | 1.54 | ||||||
Total from investment operations | 1.77 | 1.17 | (5.56) | 3.51 | 1.72 | 1.52 | ||||||
Distributions from net investment income | - | - | (.33) | (.01) | - | - | ||||||
Distributions from net realized gain | (.46) | - | (1.55) | (.25) | (.04) | - | ||||||
Total distributions | (.46) | - | (1.87) D | (.25) D | (.04) | - | ||||||
Net asset value, end of period | $ | 15.48 | $ | 14.17 | $ | 13.00 | $ | 20.43 | $ | 17.17 | $ | 15.49 |
Total Return E,F,G | 12.64 % | 9.00% | (29.85)% | 20.54% | 11.09% | 10.88% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.72% J | 1.94% | 2.11% | 2.09% | 2.06% | 2.01% | ||||||
Expenses net of fee waivers, if any | 1.71 % J | 1.93% | 2.10% | 2.09% | 2.05% | 2.00% | ||||||
Expenses net of all reductions | 1.71% J | 1.93% | 2.10% | 2.09% | 2.05% | 2.00% | ||||||
Net investment income (loss) | .24% J | (.02)% | (.46)% | (.63)% | (.34)% | (.17)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,056 | $ | 1,779 | $ | 2,179 | $ | 4,778 | $ | 6,167 | $ | 8,829 |
Portfolio turnover rate K | 24 % J | 25% | 26% | 31% | 22% | 27% |
Fidelity® Japan Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.69 | $ | 13.35 | $ | 21.01 | $ | 17.58 | $ | 15.86 | $ | 14.20 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .15 | .08 | .08 | .10 | .12 | ||||||
Net realized and unrealized gain (loss) | 1.82 | 1.19 | (5.60) | 3.72 | 1.81 | 1.59 | ||||||
Total from investment operations | 1.92 | 1.34 | (5.52) | 3.80 | 1.91 | 1.71 | ||||||
Distributions from net investment income | (.14) | - | (.59) | (.11) | (.11) | (.05) | ||||||
Distributions from net realized gain | (.46) | - | (1.55) | (.25) | (.09) | - | ||||||
Total distributions | (.60) | - | (2.14) | (.37) C | (.19) C | (.05) | ||||||
Net asset value, end of period | $ | 16.01 | $ | 14.69 | $ | 13.35 | $ | 21.01 | $ | 17.58 | $ | 15.86 |
Total Return D,E | 13.24 % | 10.04% | (29.16)% | 21.75% | 12.16% | 12.10% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .72% H | .96% | 1.13% | 1.09% | 1.06% | 1.01% | ||||||
Expenses net of fee waivers, if any | .71 % H | .95% | 1.12% | 1.09% | 1.06% | 1.01% | ||||||
Expenses net of all reductions | .71% H | .95% | 1.12% | 1.09% | 1.06% | 1.00% | ||||||
Net investment income (loss) | 1.25% H | .96% | .52% | .37% | .65% | .82% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 169,186 | $ | 149,990 | $ | 113,015 | $ | 167,954 | $ | 274,433 | $ | 401,344 |
Portfolio turnover rate I | 24 % H | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.81 | $ | 13.45 | $ | 20.97 | $ | 17.56 | $ | 15.85 | $ | 14.18 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .15 | .09 | .09 | .11 | .13 | ||||||
Net realized and unrealized gain (loss) | 1.83 | 1.21 | (5.65) | 3.71 | 1.81 | 1.58 | ||||||
Total from investment operations | 1.93 | 1.36 | (5.56) | 3.80 | 1.92 | 1.71 | ||||||
Distributions from net investment income | (.14) | - | (.41) | (.14) | (.12) | (.04) | ||||||
Distributions from net realized gain | (.46) | - | (1.55) | (.25) | (.09) | - | ||||||
Total distributions | (.60) | - | (1.96) | (.39) | (.21) | (.04) | ||||||
Net asset value, end of period | $ | 16.14 | $ | 14.81 | $ | 13.45 | $ | 20.97 | $ | 17.56 | $ | 15.85 |
Total Return C,D | 13.21 % | 10.11% | (29.15)% | 21.80% | 12.20% | 12.12% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .74% G | .94% | 1.09% | 1.04% | 1.01% | .96% | ||||||
Expenses net of fee waivers, if any | .73 % G | .94% | 1.09% | 1.04% | 1.01% | .96% | ||||||
Expenses net of all reductions | .73% G | .94% | 1.09% | 1.04% | 1.00% | .95% | ||||||
Net investment income (loss) | 1.23% G | .97% | .56% | .43% | .71% | .87% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 38,077 | $ | 32,712 | $ | 33,320 | $ | 48,887 | $ | 473,859 | $ | 319,164 |
Portfolio turnover rate H | 24 % G | 25% | 26% | 31% | 22% | 27% |
Fidelity Advisor® Japan Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.68 | $ | 13.31 | $ | 20.98 | $ | 17.56 | $ | 15.84 | $ | 14.19 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .17 | .11 | .10 | .13 | .14 | ||||||
Net realized and unrealized gain (loss) | 1.80 | 1.20 | (5.59) | 3.72 | 1.81 | 1.57 | ||||||
Total from investment operations | 1.91 | 1.37 | (5.48) | 3.82 | 1.94 | 1.71 | ||||||
Distributions from net investment income | (.16) | - | (.64) | (.15) | (.13) | (.06) | ||||||
Distributions from net realized gain | (.46) | - | (1.55) | (.25) | (.09) | - | ||||||
Total distributions | (.62) | - | (2.19) | (.40) | (.22) | (.06) | ||||||
Net asset value, end of period | $ | 15.97 | $ | 14.68 | $ | 13.31 | $ | 20.98 | $ | 17.56 | $ | 15.84 |
Total Return C,D | 13.23 % | 10.29% | (29.07)% | 21.93% | 12.36% | 12.14% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .58% G | .80% | .96% | .96% | .92% | .87% | ||||||
Expenses net of fee waivers, if any | .57 % G | .79% | .96% | .96% | .92% | .87% | ||||||
Expenses net of all reductions | .57% G | .79% | .96% | .96% | .92% | .86% | ||||||
Net investment income (loss) | 1.39% G | 1.12% | .69% | .51% | .79% | .96% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 414,721 | $ | 429,659 | $ | 408,434 | $ | 585,487 | $ | 8,368 | $ | 8,136 |
Portfolio turnover rate H | 24 % G | 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 | $175,253,566 |
Gross unrealized depreciation | (65,752,573) |
Net unrealized appreciation (depreciation) | $109,500,993 |
Tax cost | $536,412,080 |
Purchases ($) | Sales ($) | |
Fidelity Japan Fund | 75,359,502 | 136,911,235 |
Maximum Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .86 |
Japan | .87 |
Class I | .87 |
Class Z | .72 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .86 |
Japan | .83 |
Class I | .87 |
Class Z | .72 |
Performance Adjustment Index | |
Fidelity Japan Fund | TOPIX |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 22,178 | 2,548 |
Class M | .25% | .25% | 6,638 | 27 |
Class C | .75% | .25% | 10,216 | 3,448 |
39,032 | 6,023 |
Retained by FDC ($) | |
Class A | 3,413 |
Class M | 66 |
Class CA | 25 |
3,504 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .1827 |
Japan | .1937 |
Class I | .1893 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 11,693 | .20 |
Class M | 1,776 | .21 |
Class C | 1,208 | .18 |
Japan | 104,766 | .19 |
Class I | 24,297 | .19 |
Class Z | 57,336 | .04 |
201,076 |
% of Average Net Assets | |
Fidelity Japan Fund | .0466 |
% of Average Net Assets | |
Fidelity Japan Fund | .05 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Japan Fund | Borrower | 17,489,214 | 5.57% | 37,852 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Japan Fund | - | 294,358 | 98,368 |
Amount ($) | |
Fidelity Japan Fund | 596 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Japan Fund | 12,893 | - | - |
Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Japan Fund | 1,155,600 | 5.83% | 936 |
Expense reduction ($) | |
Class A | 24 |
Class M | 47 |
Class C | 3 |
74 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Japan Fund | ||
Distributions to shareholders | ||
Class A | $601,432 | $ - |
Class M | 80,704 | - |
Class C | 58,025 | - |
Japan | 5,977,883 | - |
Class I | 1,377,391 | - |
Class Z | 15,751,871 | - |
Total | $23,847,306 | $- |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Japan Fund | ||||
Class A | ||||
Shares sold | 83,576 | 253,562 | $1,332,646 | $4,046,153 |
Reinvestment of distributions | 37,678 | - | 571,577 | - |
Shares redeemed | (103,748) | (151,426) | (1,654,700) | (2,307,493) |
Net increase (decrease) | 17,506 | 102,136 | $249,523 | $1,738,660 |
Class M | ||||
Shares sold | 5,740 | 12,539 | $91,987 | $196,973 |
Reinvestment of distributions | 5,341 | - | 80,602 | - |
Shares redeemed | (4,736) | (22,565) | (74,900) | (338,510) |
Net increase (decrease) | 6,345 | (10,026) | $97,689 | $(141,537) |
Class C | ||||
Shares sold | 19,748 | 39,644 | $304,498 | $604,997 |
Reinvestment of distributions | 3,913 | - | 58,025 | - |
Shares redeemed | (16,402) | (81,701) | (253,842) | (1,220,282) |
Net increase (decrease) | 7,259 | (42,057) | $108,681 | $(615,285) |
Japan | ||||
Shares sold | 1,802,620 | 4,480,372 | $29,219,879 | $70,308,105 |
Reinvestment of distributions | 360,541 | - | 5,509,063 | - |
Shares redeemed | (1,800,412) | (2,739,105) | (28,842,105) | (42,188,958) |
Net increase (decrease) | 362,749 | 1,741,267 | $5,886,837 | $28,119,147 |
Class I | ||||
Shares sold | 647,354 | 2,062,944 | $10,453,999 | $32,061,275 |
Reinvestment of distributions | 86,366 | - | 1,330,039 | - |
Shares redeemed | (582,454) | (2,330,965) | (9,419,528) | (34,977,085) |
Net increase (decrease) | 151,266 | (268,021) | $2,364,510 | $(2,915,810) |
Class Z | ||||
Shares sold | 6,679,073 | 5,627,405 | $101,405,712 | $89,494,212 |
Reinvestment of distributions | 630,507 | - | 9,602,617 | - |
Shares redeemed | (10,615,795) | (7,035,462) | (161,539,635) | (108,953,514) |
Net increase (decrease) | (3,306,215) | (1,408,057) | $(50,531,306) | $(19,459,302) |
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | |
Fidelity Japan Fund | 24% | 39% |
Fund | % of shares held |
Fidelity Japan Fund | 63% |
Top Holdings (% of Fund's net assets) | ||
INPEX Corp. (Oil, Gas & Consumable Fuels) | 3.5 | |
Yamato Kogyo Co. Ltd. (Metals & Mining) | 2.6 | |
Renesas Electronics Corp. (Semiconductors & Semiconductor Equipment) | 2.5 | |
Money Forward, Inc. (Software) | 2.3 | |
Suzuki Motor Corp. (Automobiles) | 2.2 | |
Mitsubishi Heavy Industries Ltd. (Machinery) | 2.2 | |
SWCC Showa Holdings Co. Ltd. (Electrical Equipment) | 2.1 | |
Kyoto Financial Group, Inc. (Banks) | 2.0 | |
Amano Corp. (Electronic Equipment, Instruments & Components) | 2.0 | |
Kansai Electric Power Co., Inc. (Electric Utilities) | 2.0 | |
23.4 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 23.2 | |
Information Technology | 19.1 | |
Consumer Discretionary | 13.9 | |
Financials | 12.6 | |
Materials | 10.3 | |
Consumer Staples | 5.9 | |
Energy | 4.8 | |
Utilities | 3.3 | |
Health Care | 2.6 | |
Communication Services | 1.6 | |
Real Estate | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.7% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 1.6% | |||
Entertainment - 1.6% | |||
Capcom Co. Ltd. | 415,400 | 6,838,498 | |
CONSUMER DISCRETIONARY - 13.9% | |||
Automobiles - 3.2% | |||
Subaru Corp. | 199,000 | 4,443,469 | |
Suzuki Motor Corp. | 839,600 | 9,777,802 | |
14,221,271 | |||
Broadline Retail - 1.8% | |||
Pan Pacific International Holdings Ltd. | 329,500 | 7,738,646 | |
Distributors - 1.7% | |||
Central Automotive Products Ltd. | 198,100 | 7,251,468 | |
Hotels, Restaurants & Leisure - 1.2% | |||
Koshidaka Holdings Co. Ltd. | 927,800 | 5,075,716 | |
Leisure Products - 0.9% | |||
Roland Corp. | 88,900 | 2,416,726 | |
YONEX Co. Ltd. | 212,400 | 1,693,770 | |
4,110,496 | |||
Specialty Retail - 4.3% | |||
ABC-MART, Inc. | 273,000 | 5,437,692 | |
Fast Retailing Co. Ltd. | 22,900 | 5,987,642 | |
Fuji Corp. (a) | 633,600 | 7,359,461 | |
18,784,795 | |||
Textiles, Apparel & Luxury Goods - 0.8% | |||
Fujibo Holdings, Inc. | 137,000 | 3,621,377 | |
TOTAL CONSUMER DISCRETIONARY | 60,803,769 | ||
CONSUMER STAPLES - 5.9% | |||
Beverages - 1.6% | |||
Asahi Group Holdings | 211,000 | 7,218,096 | |
Consumer Staples Distribution & Retail - 0.7% | |||
Kato Sangyo | 110,500 | 3,204,499 | |
Food Products - 3.6% | |||
Ajinomoto Co., Inc. | 156,600 | 5,822,619 | |
Kotobuki Spirits Co. Ltd. | 459,300 | 4,729,214 | |
Toyo Suisan Kaisha Ltd. | 80,500 | 5,034,013 | |
15,585,846 | |||
TOTAL CONSUMER STAPLES | 26,008,441 | ||
ENERGY - 4.8% | |||
Oil, Gas & Consumable Fuels - 4.8% | |||
ENEOS Holdings, Inc. | 1,218,700 | 5,630,656 | |
INPEX Corp. | 1,014,700 | 15,200,007 | |
20,830,663 | |||
FINANCIALS - 12.6% | |||
Banks - 4.5% | |||
Chiba Bank Ltd. | 819,000 | 6,918,148 | |
Hokuhoku Financial Group, Inc. | 306,000 | 3,753,685 | |
Kyoto Financial Group, Inc. | 500,100 | 8,901,365 | |
19,573,198 | |||
Consumer Finance - 1.4% | |||
Credit Saison Co. Ltd. | 332,400 | 6,135,825 | |
Financial Services - 0.7% | |||
Zenkoku Hosho Co. Ltd. | 91,800 | 3,223,278 | |
Insurance - 6.0% | |||
FP Partner, Inc. | 68,000 | 2,165,549 | |
Lifenet Insurance Co. (a)(b) | 322,400 | 2,846,726 | |
Sompo Holdings, Inc. | 351,300 | 6,952,273 | |
T&D Holdings, Inc. | 394,200 | 6,432,292 | |
Tokio Marine Holdings, Inc. | 255,700 | 8,081,755 | |
26,478,595 | |||
TOTAL FINANCIALS | 55,410,896 | ||
HEALTH CARE - 2.6% | |||
Health Care Providers & Services - 0.7% | |||
As One Corp. | 184,200 | 3,034,746 | |
Pharmaceuticals - 1.9% | |||
Eisai Co. Ltd. | 103,600 | 4,254,754 | |
Santen Pharmaceutical Co. Ltd. | 437,000 | 4,221,021 | |
8,475,775 | |||
TOTAL HEALTH CARE | 11,510,521 | ||
INDUSTRIALS - 23.2% | |||
Construction & Engineering - 0.7% | |||
Raito Kogyo Co. Ltd. | 233,900 | 3,039,228 | |
Electrical Equipment - 3.5% | |||
Fuji Electric Co. Ltd. | 99,500 | 6,189,291 | |
SWCC Showa Holdings Co. Ltd. | 346,600 | 9,138,819 | |
15,328,110 | |||
Ground Transportation - 1.4% | |||
Kyushu Railway Co. | 285,200 | 6,136,341 | |
Machinery - 5.2% | |||
CKD Corp. | 226,500 | 4,233,064 | |
IHI Corp. | 190,200 | 4,554,178 | |
Minebea Mitsumi, Inc. | 226,200 | 4,236,806 | |
Mitsubishi Heavy Industries Ltd. | 1,073,000 | 9,593,819 | |
22,617,867 | |||
Marine Transportation - 1.0% | |||
Nippon Concept Corp. | 379,200 | 4,353,672 | |
Professional Services - 4.8% | |||
Funai Soken Holdings, Inc. | 262,780 | 3,975,643 | |
Open Up Group, Inc. | 373,100 | 4,726,366 | |
Rise Consulting Group, Inc. | 329,300 | 1,652,266 | |
TKC Corp. | 206,900 | 4,761,390 | |
Visional, Inc. (b) | 132,600 | 6,050,310 | |
21,165,975 | |||
Trading Companies & Distributors - 5.2% | |||
Hanwa Co. Ltd. | 140,250 | 5,396,314 | |
Inaba Denki Sangyo Co. Ltd. | 192,500 | 4,491,132 | |
Itochu Corp. | 115,000 | 5,188,199 | |
Mitani Shoji Co. Ltd. | 281,800 | 2,973,939 | |
Senshu Electric Co. Ltd. (a) | 137,100 | 4,777,673 | |
22,827,257 | |||
Transportation Infrastructure - 1.4% | |||
Kamigumi Co. Ltd. | 294,300 | 6,355,582 | |
TOTAL INDUSTRIALS | 101,824,032 | ||
INFORMATION TECHNOLOGY - 19.1% | |||
Electronic Equipment, Instruments & Components - 8.3% | |||
Amano Corp. | 365,800 | 8,797,955 | |
Azbil Corp. | 151,400 | 4,228,602 | |
Dexerials Corp. | 141,500 | 5,300,114 | |
Ibiden Co. Ltd. | 89,700 | 3,409,812 | |
Maruwa Ceramic Co. Ltd. | 37,300 | 7,860,149 | |
Riken Keiki Co. Ltd. | 127,400 | 3,117,313 | |
Shibaura Electronics Co. Ltd. | 97,900 | 3,790,263 | |
36,504,208 | |||
IT Services - 3.8% | |||
Argo Graphics, Inc. | 266,700 | 6,841,862 | |
Net One Systems Co. Ltd. | 217,000 | 3,630,981 | |
NSD Co. Ltd. | 308,900 | 6,037,753 | |
16,510,596 | |||
Semiconductors & Semiconductor Equipment - 3.8% | |||
Renesas Electronics Corp. | 663,600 | 10,774,045 | |
Sumco Corp. | 395,157 | 5,893,102 | |
16,667,147 | |||
Software - 2.3% | |||
Money Forward, Inc. (b) | 290,450 | 10,113,867 | |
Technology Hardware, Storage & Peripherals - 0.9% | |||
FUJIFILM Holdings Corp. | 193,800 | 4,122,608 | |
TOTAL INFORMATION TECHNOLOGY | 83,918,426 | ||
MATERIALS - 10.3% | |||
Chemicals - 5.3% | |||
C. Uyemura & Co. Ltd. | 98,000 | 6,414,746 | |
Fujimi, Inc. | 160,900 | 3,489,878 | |
NOF Corp. | 367,200 | 4,926,330 | |
Osaka Soda Co. Ltd. | 80,400 | 4,715,338 | |
Tokyo Ohka Kogyo Co. Ltd. | 147,200 | 3,903,492 | |
23,449,784 | |||
Construction Materials - 1.0% | |||
Maeda Kosen Co. Ltd. | 190,000 | 4,158,131 | |
Metals & Mining - 4.0% | |||
Dowa Holdings Co. Ltd. | 158,500 | 5,935,350 | |
Yamato Kogyo Co. Ltd. | 215,700 | 11,589,387 | |
17,524,737 | |||
TOTAL MATERIALS | 45,132,652 | ||
REAL ESTATE - 0.4% | |||
Real Estate Management & Development - 0.4% | |||
Relo Group, Inc. | 209,215 | 1,818,624 | |
UTILITIES - 3.3% | |||
Electric Utilities - 2.0% | |||
Kansai Electric Power Co., Inc. | 573,200 | 8,586,205 | |
Gas Utilities - 1.3% | |||
Nippon Gas Co. Ltd. | 357,400 | 5,828,913 | |
TOTAL UTILITIES | 14,415,118 | ||
TOTAL COMMON STOCKS (Cost $335,505,454) | 428,511,640 | ||
Money Market Funds - 0.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) | 592,448 | 592,566 | |
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d) | 1,695,001 | 1,695,170 | |
TOTAL MONEY MARKET FUNDS (Cost $2,287,736) | 2,287,736 | ||
TOTAL INVESTMENT IN SECURITIES - 98.2% (Cost $337,793,190) | 430,799,376 |
NET OTHER ASSETS (LIABILITIES) - 1.8% | 7,846,486 |
NET ASSETS - 100.0% | 438,645,862 |
(a) | Security or a portion of the security is on loan at period end. |
(b) | Non-income producing |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 163,542 | 15,227,520 | 14,798,490 | 9,763 | (6) | - | 592,566 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 13,158,092 | 126,817,832 | 138,280,754 | 42,629 | - | - | 1,695,170 | 0.0% |
Total | 13,321,634 | 142,045,352 | 153,079,244 | 52,392 | (6) | - | 2,287,736 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 6,838,498 | - | 6,838,498 | - |
Consumer Discretionary | 60,803,769 | - | 60,803,769 | - |
Consumer Staples | 26,008,441 | - | 26,008,441 | - |
Energy | 20,830,663 | - | 20,830,663 | - |
Financials | 55,410,896 | - | 55,410,896 | - |
Health Care | 11,510,521 | - | 11,510,521 | - |
Industrials | 101,824,032 | - | 101,824,032 | - |
Information Technology | 83,918,426 | - | 83,918,426 | - |
Materials | 45,132,652 | - | 45,132,652 | - |
Real Estate | 1,818,624 | - | 1,818,624 | - |
Utilities | 14,415,118 | - | 14,415,118 | - |
Money Market Funds | 2,287,736 | 2,287,736 | - | - |
Total Investments in Securities: | 430,799,376 | 2,287,736 | 428,511,640 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $1,567,321) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $335,505,454) | $ | 428,511,640 | ||
Fidelity Central Funds (cost $2,287,736) | 2,287,736 | |||
Total Investment in Securities (cost $337,793,190) | $ | 430,799,376 | ||
Foreign currency held at value (cost $5,161,421) | 5,015,602 | |||
Receivable for investments sold | 4,813,719 | |||
Receivable for fund shares sold | 200,317 | |||
Dividends receivable | 4,310,222 | |||
Distributions receivable from Fidelity Central Funds | 7,558 | |||
Prepaid expenses | 140 | |||
Total assets | 445,146,934 | |||
Liabilities | ||||
Payable for investments purchased | $ | 4,438,964 | ||
Payable for fund shares redeemed | 12,754 | |||
Accrued management fee | 310,985 | |||
Other payables and accrued expenses | 43,199 | |||
Collateral on securities loaned | 1,695,170 | |||
Total liabilities | 6,501,072 | |||
Net Assets | $ | 438,645,862 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 359,924,407 | ||
Total accumulated earnings (loss) | 78,721,455 | |||
Net Assets | $ | 438,645,862 | ||
Net Asset Value, offering price and redemption price per share ($438,645,862 ÷ 29,049,454 shares) | $ | 15.10 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 5,926,600 | ||
Income from Fidelity Central Funds (including $42,629 from security lending) | 52,392 | |||
Income before foreign taxes withheld | $ | 5,978,992 | ||
Less foreign taxes withheld | (594,906) | |||
Total income | 5,384,086 | |||
Expenses | ||||
Management fee | $ | 1,670,250 | ||
Transfer agent fees | 234,926 | |||
Accounting fees | 76,922 | |||
Custodian fees and expenses | 17,300 | |||
Independent trustees' fees and expenses | 1,175 | |||
Registration fees | 16,729 | |||
Audit | 28,998 | |||
Legal | 247 | |||
Interest | 9,747 | |||
Miscellaneous | 844 | |||
Total expenses before reductions | 2,057,138 | |||
Expense reductions | (20,801) | |||
Total expenses after reductions | 2,036,337 | |||
Net Investment income (loss) | 3,347,749 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (2,977,818) | |||
Fidelity Central Funds | (6) | |||
Foreign currency transactions | (328,983) | |||
Total net realized gain (loss) | (3,306,807) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 58,771,315 | |||
Assets and liabilities in foreign currencies | 114,885 | |||
Total change in net unrealized appreciation (depreciation) | 58,886,200 | |||
Net gain (loss) | 55,579,393 | |||
Net increase (decrease) in net assets resulting from operations | $ | 58,927,142 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,347,749 | $ | 5,244,318 |
Net realized gain (loss) | (3,306,807) | 17,301,493 | ||
Change in net unrealized appreciation (depreciation) | 58,886,200 | 7,606,221 | ||
Net increase (decrease) in net assets resulting from operations | 58,927,142 | 30,152,032 | ||
Distributions to shareholders | (13,096,272) | (198,124) | ||
Share transactions | ||||
Proceeds from sales of shares | 17,566,606 | 104,318,260 | ||
Reinvestment of distributions | 12,571,486 | 192,250 | ||
Cost of shares redeemed | (73,192,685) | (63,019,461) | ||
Net increase (decrease) in net assets resulting from share transactions | (43,054,593) | 41,491,049 | ||
Total increase (decrease) in net assets | 2,776,277 | 71,444,957 | ||
Net Assets | ||||
Beginning of period | 435,869,585 | 364,424,628 | ||
End of period | $ | 438,645,862 | $ | 435,869,585 |
Other Information | ||||
Shares | ||||
Sold | 1,163,901 | 7,080,855 | ||
Issued in reinvestment of distributions | 873,020 | 14,575 | ||
Redeemed | (4,846,428) | (4,466,160) | ||
Net increase (decrease) | (2,809,507) | 2,629,270 | ||
Fidelity® Japan Smaller Companies Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.68 | $ | 12.47 | $ | 17.92 | $ | 16.64 | $ | 17.60 | $ | 17.12 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .18 | .19 | .20 | .16 | .22 | ||||||
Net realized and unrealized gain (loss) | 1.74 | 1.04 | (3.75) | 1.36 | .11 | 1.10 | ||||||
Total from investment operations | 1.85 | 1.22 | (3.56) | 1.56 | .27 | 1.32 | ||||||
Distributions from net investment income | (.33) | (.01) | (.51) | (.19) | (.23) | (.11) | ||||||
Distributions from net realized gain | (.10) | - | (1.38) | (.10) | (1.00) | (.73) | ||||||
Total distributions | (.43) | (.01) | (1.89) | (.28) C | (1.23) | (.84) | ||||||
Net asset value, end of period | $ | 15.10 | $ | 13.68 | $ | 12.47 | $ | 17.92 | $ | 16.64 | $ | 17.60 |
Total Return D,E | 13.64 % | 9.76% | (21.95)% | 9.44% | 1.31% | 8.22% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .89% H | .92% | .91% | .91% | .92% | .93% | ||||||
Expenses net of fee waivers, if any | .88 % H | .91% | .91% | .91% | .92% | .93% | ||||||
Expenses net of all reductions | .88% H | .91% | .91% | .91% | .92% | .93% | ||||||
Net investment income (loss) | 1.45% H | 1.26% | 1.33% | 1.13% | 1.02% | 1.31% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 438,646 | $ | 435,870 | $ | 364,425 | $ | 501,214 | $ | 523,774 | $ | 685,651 |
Portfolio turnover rate I | 23 % H | 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 | $99,505,157 |
Gross unrealized depreciation | (17,403,164) |
Net unrealized appreciation (depreciation) | $82,101,993 |
Tax cost | $348,697,383 |
Purchases ($) | Sales ($) | |
Fidelity Japan Smaller Companies Fund | 51,733,731 | 100,312,536 |
Maximum Management Fee Rate % | |
Fidelity Japan Smaller Companies Fund | .84 |
Total Management Fee Rate % | |
Fidelity Japan Smaller Companies Fund | .83 |
% of Average Net Assets | |
Fidelity Japan Smaller Companies Fund | .0497 |
% of Average Net Assets | |
Fidelity Japan Smaller Companies Fund | .05 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Japan Smaller Companies Fund | Borrower | 7,880,125 | 5.57% | 9,747 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Japan Smaller Companies Fund | 241,483 | 7,852,683 | 3,726,851 |
Amount ($) | |
Fidelity Japan Smaller Companies Fund | 424 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Japan Smaller Companies Fund | 4,568 | - | - |
Strategic Advisers Fidelity International Fund | Strategic Advisers International Fund | VIP Funds Manager 60% Portfolio | |
Fidelity Japan Smaller Companies Fund | 10% | 20% | 10% |
Fund | % of shares held |
Fidelity Japan Smaller Companies Fund | 53% |
Top Holdings (% of Fund's net assets) | ||
Genomma Lab Internacional SA de CV (Mexico, Pharmaceuticals) | 10.8 | |
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) (Brazil, Oil, Gas & Consumable Fuels) | 9.2 | |
Afya Ltd. (Brazil, Diversified Consumer Services) | 6.4 | |
Itausa-Investimentos Itau SA (PN) (Brazil, Banks) | 4.8 | |
Hypera SA (Brazil, Pharmaceuticals) | 4.5 | |
Caixa Seguridade Participacoes (Brazil, Insurance) | 4.5 | |
Sendas Distribuidora SA (Brazil, Consumer Staples Distribution & Retail) | 4.4 | |
Intercorp Financial Services, Inc. (Peru, Banks) | 4.0 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA (Brazil, Ground Transportation) | 4.0 | |
Qualitas Controladora S.A.B. de CV (Mexico, Insurance) | 3.8 | |
56.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 31.7 | |
Health Care | 22.0 | |
Consumer Staples | 10.3 | |
Energy | 9.2 | |
Consumer Discretionary | 9.1 | |
Industrials | 7.4 | |
Materials | 5.6 | |
Utilities | 3.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 82.9% | |||
Shares | Value ($) | ||
Brazil - 44.2% | |||
Afya Ltd. (a) | 888,331 | 15,305,943 | |
Atacadao SA | 4,008,263 | 8,622,327 | |
Caixa Seguridade Participacoes | 3,616,219 | 10,905,903 | |
CM Hospitalar SA (a) | 3,211,887 | 3,117,496 | |
Equatorial Energia SA | 1,449,559 | 8,539,462 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 8,454,210 | 6,007,787 | |
Hypera SA (a) | 1,918,855 | 10,908,716 | |
PagSeguro Digital Ltd. (a) | 680,413 | 8,471,142 | |
Sendas Distribuidora SA | 4,231,165 | 10,690,769 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 6,976,756 | 9,552,967 | |
Vasta Platform Ltd. (a) | 1,725,714 | 6,557,713 | |
XP, Inc. Class A | 372,117 | 7,617,235 | |
TOTAL BRAZIL | 106,297,460 | ||
Mexico - 27.0% | |||
Banco del Bajio SA (b) | 2,016,201 | 7,433,607 | |
Becle S.A.B. de CV (c) | 2,778,531 | 5,644,404 | |
Genomma Lab Internacional SA de CV (c) | 26,714,569 | 26,058,427 | |
Grupo Aeroportuario Norte S.A.B. de CV | 736,823 | 8,157,603 | |
Qualitas Controladora S.A.B. de CV (c) | 698,319 | 9,131,966 | |
Regional S.A.B. de CV (c) | 948,024 | 8,562,280 | |
TOTAL MEXICO | 64,988,287 | ||
Peru - 6.9% | |||
Auna SA (c) | 1,020,707 | 6,940,808 | |
Intercorp Financial Services, Inc. | 448,354 | 9,558,907 | |
TOTAL PERU | 16,499,715 | ||
Sweden - 1.2% | |||
VEF AB (a) | 14,010,796 | 2,905,037 | |
United States of America - 3.6% | |||
GCC S.A.B. de CV | 751,657 | 8,555,264 | |
TOTAL COMMON STOCKS (Cost $211,413,417) | 199,245,763 | ||
Nonconvertible Preferred Stocks - 16.0% | |||
Shares | Value ($) | ||
Brazil - 16.0% | |||
Itausa-Investimentos Itau SA (PN) | 6,332,709 | 11,659,034 | |
Metalurgica Gerdau SA (PN) | 2,311,074 | 4,708,848 | |
Petroleo Brasileiro SA - Petrobras (PN) (non-vtg.) | 2,732,566 | 22,112,703 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $22,831,256) | 38,480,585 | ||
Money Market Funds - 3.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 902,022 | 902,203 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 8,506,554 | 8,507,405 | |
TOTAL MONEY MARKET FUNDS (Cost $9,409,608) | 9,409,608 | ||
TOTAL INVESTMENT IN SECURITIES - 102.8% (Cost $243,654,281) | 247,135,956 |
NET OTHER ASSETS (LIABILITIES) - (2.8)% | (6,731,811) |
NET ASSETS - 100.0% | 240,404,145 |
(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 $13,441,394 or 5.6% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | - | 31,965,610 | 31,063,486 | 42,313 | 79 | - | 902,203 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 4,830,855 | 32,073,041 | 28,396,491 | 8,729 | - | - | 8,507,405 | 0.0% |
Total | 4,830,855 | 64,038,651 | 59,459,977 | 51,042 | 79 | - | 9,409,608 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Consumer Discretionary | 21,863,656 | 21,863,656 | - | - |
Consumer Staples | 24,957,500 | 24,957,500 | - | - |
Energy | 22,112,703 | 22,112,703 | - | - |
Financials | 76,245,111 | 76,245,111 | - | - |
Health Care | 53,033,234 | 53,033,234 | - | - |
Industrials | 17,710,570 | 17,710,570 | - | - |
Materials | 13,264,112 | 13,264,112 | - | - |
Utilities | 8,539,462 | 8,539,462 | - | - |
Money Market Funds | 9,409,608 | 9,409,608 | - | - |
Total Investments in Securities: | 247,135,956 | 247,135,956 | - | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $7,824,602) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $234,244,673) | $ | 237,726,348 | ||
Fidelity Central Funds (cost $9,409,608) | 9,409,608 | |||
Total Investment in Securities (cost $243,654,281) | $ | 247,135,956 | ||
Receivable for fund shares sold | 31,345 | |||
Dividends receivable | 2,065,680 | |||
Distributions receivable from Fidelity Central Funds | 7,126 | |||
Prepaid expenses | 95 | |||
Total assets | 249,240,202 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 64,400 | ||
Accrued management fee | 181,409 | |||
Distribution and service plan fees payable | 5,079 | |||
Other payables and accrued expenses | 80,343 | |||
Collateral on securities loaned | 8,504,826 | |||
Total liabilities | 8,836,057 | |||
Net Assets | $ | 240,404,145 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 314,789,293 | ||
Total accumulated earnings (loss) | (74,385,148) | |||
Net Assets | $ | 240,404,145 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($12,831,741 ÷ 668,614 shares)(a) | $ | 19.19 | ||
Maximum offering price per share (100/94.25 of $19.19) | $ | 20.36 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($2,602,310 ÷ 135,214 shares)(a) | $ | 19.25 | ||
Maximum offering price per share (100/96.50 of $19.25) | $ | 19.95 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,453,312 ÷ 74,903 shares)(a) | $ | 19.40 | ||
Latin America : | ||||
Net Asset Value, offering price and redemption price per share ($219,883,480 ÷ 11,480,909 shares) | $ | 19.15 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($3,015,188 ÷ 157,747 shares) | $ | 19.11 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($618,114 ÷ 32,210 shares) | $ | 19.19 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,385,137 | ||
Income from Fidelity Central Funds (including $8,729 from security lending) | 51,042 | |||
Income before foreign taxes withheld | $ | 6,436,179 | ||
Less foreign taxes withheld | (270,596) | |||
Total income | 6,165,583 | |||
Expenses | ||||
Management fee | $ | 987,803 | ||
Transfer agent fees | 188,179 | |||
Distribution and service plan fees | 32,196 | |||
Accounting fees | 45,218 | |||
Custodian fees and expenses | 40,645 | |||
Independent trustees' fees and expenses | 684 | |||
Registration fees | 44,995 | |||
Audit | 35,113 | |||
Legal | 1,333 | |||
Miscellaneous | 533 | |||
Total expenses before reductions | 1,376,699 | |||
Expense reductions | (12,350) | |||
Total expenses after reductions | 1,364,349 | |||
Net Investment income (loss) | 4,801,234 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 3,132,303 | |||
Fidelity Central Funds | 79 | |||
Foreign currency transactions | (24,828) | |||
Total net realized gain (loss) | 3,107,554 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 22,040,399 | |||
Assets and liabilities in foreign currencies | (18,359) | |||
Total change in net unrealized appreciation (depreciation) | 22,022,040 | |||
Net gain (loss) | 25,129,594 | |||
Net increase (decrease) in net assets resulting from operations | $ | 29,930,828 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 4,801,234 | $ | 14,702,353 |
Net realized gain (loss) | 3,107,554 | (191,243) | ||
Change in net unrealized appreciation (depreciation) | 22,022,040 | (36,891,605) | ||
Net increase (decrease) in net assets resulting from operations | 29,930,828 | (22,380,495) | ||
Distributions to shareholders | (11,562,386) | (21,810,363) | ||
Share transactions - net increase (decrease) | (18,226,373) | (262,025) | ||
Total increase (decrease) in net assets | 142,069 | (44,452,883) | ||
Net Assets | ||||
Beginning of period | 240,262,076 | 284,714,959 | ||
End of period | $ | 240,404,145 | $ | 240,262,076 |
Fidelity Advisor® Latin America Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.89 | $ | 21.18 | $ | 19.37 | $ | 17.40 | $ | 28.36 | $ | 21.98 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .34 | 1.02 | 1.60 | .15 | .04 | .69 | ||||||
Net realized and unrealized gain (loss) | 1.79 | (2.73) | .68 | 1.82 | (10.40) | 6.11 | ||||||
Total from investment operations | 2.13 | (1.71) | 2.28 | 1.97 | (10.36) | 6.80 | ||||||
Distributions from net investment income | (.83) | (1.58) | (.47) | - C | (.60) | (.42) | ||||||
Total distributions | (.83) | (1.58) | (.47) | - C | (.60) | (.42) | ||||||
Net asset value, end of period | $ | 19.19 | $ | 17.89 | $ | 21.18 | $ | 19.37 | $ | 17.40 | $ | 28.36 |
Total Return D,E,F | 11.81 % | (8.07)% | 12.17% | 11.34% | (37.31)% | 31.60% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.26% I | 1.33% | 1.32% | 1.33% | 1.36% | 1.36% | ||||||
Expenses net of fee waivers, if any | 1.25 % I | 1.32% | 1.32% | 1.33% | 1.35% | 1.36% | ||||||
Expenses net of all reductions | 1.25% I | 1.32% | 1.32% | 1.33% | 1.33% | 1.36% | ||||||
Net investment income (loss) | 3.36% I | 5.29% | 7.98% | .70% | .18% | 2.81% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,832 | $ | 12,309 | $ | 13,309 | $ | 10,217 | $ | 9,131 | $ | 17,953 |
Portfolio turnover rate J | 15 % I | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.91 | $ | 21.19 | $ | 19.35 | $ | 17.44 | $ | 28.41 | $ | 22.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .32 | .98 | 1.55 | .10 | (.02) | .63 | ||||||
Net realized and unrealized gain (loss) | 1.80 | (2.73) | .69 | 1.81 | (10.42) | 6.13 | ||||||
Total from investment operations | 2.12 | (1.75) | 2.24 | 1.91 | (10.44) | 6.76 | ||||||
Distributions from net investment income | (.78) | (1.53) | (.40) | - | (.53) | (.35) | ||||||
Total distributions | (.78) | (1.53) | (.40) | - | (.53) | (.35) | ||||||
Net asset value, end of period | $ | 19.25 | $ | 17.91 | $ | 21.19 | $ | 19.35 | $ | 17.44 | $ | 28.41 |
Total Return C,D,E | 11.74 % | (8.30)% | 11.92% | 10.95% | (37.45)% | 31.26% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.50% H | 1.58% | 1.58% | 1.59% | 1.62% | 1.64% | ||||||
Expenses net of fee waivers, if any | 1.49 % H | 1.57% | 1.58% | 1.59% | 1.61% | 1.63% | ||||||
Expenses net of all reductions | 1.49% H | 1.56% | 1.58% | 1.59% | 1.59% | 1.63% | ||||||
Net investment income (loss) | 3.12% H | 5.06% | 7.72% | .44% | (.09)% | 2.54% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,602 | $ | 2,606 | $ | 3,024 | $ | 2,701 | $ | 2,912 | $ | 6,032 |
Portfolio turnover rate I | 15 % H | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 18.04 | $ | 21.33 | $ | 19.45 | $ | 17.61 | $ | 28.67 | $ | 22.16 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .27 | .88 | 1.46 | (.01) | (.13) | .51 | ||||||
Net realized and unrealized gain (loss) | 1.80 | (2.74) | .71 | 1.85 | (10.56) | 6.21 | ||||||
Total from investment operations | 2.07 | (1.86) | 2.17 | 1.84 | (10.69) | 6.72 | ||||||
Distributions from net investment income | (.71) | (1.43) | (.29) | - | (.37) | (.21) | ||||||
Total distributions | (.71) | (1.43) | (.29) | - | (.37) | (.21) | ||||||
Net asset value, end of period | $ | 19.40 | $ | 18.04 | $ | 21.33 | $ | 19.45 | $ | 17.61 | $ | 28.67 |
Total Return C,D,E | 11.41 % | (8.77)% | 11.36% | 10.45% | (37.78)% | 30.62% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 2.02% H | 2.08% | 2.08% | 2.08% | 2.11% | 2.12% | ||||||
Expenses net of fee waivers, if any | 2.01 % H | 2.07% | 2.07% | 2.08% | 2.11% | 2.12% | ||||||
Expenses net of all reductions | 2.01% H | 2.07% | 2.07% | 2.08% | 2.09% | 2.12% | ||||||
Net investment income (loss) | 2.60% H | 4.54% | 7.22% | (.05)% | (.58)% | 2.06% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,453 | $ | 1,134 | $ | 946 | $ | 656 | $ | 810 | $ | 3,438 |
Portfolio turnover rate I | 15 % H | 37% | 48% | 33% | 54% | 48% |
Fidelity® Latin America Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.87 | $ | 21.17 | $ | 19.36 | $ | 17.36 | $ | 28.30 | $ | 21.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .36 | 1.07 | 1.65 | .22 | .10 | .77 | ||||||
Net realized and unrealized gain (loss) | 1.79 | (2.74) | .69 | 1.79 | (10.36) | 6.09 | ||||||
Total from investment operations | 2.15 | (1.67) | 2.34 | 2.01 | (10.26) | 6.86 | ||||||
Distributions from net investment income | (.87) | (1.63) | (.53) | (.01) | (.68) | (.50) | ||||||
Total distributions | (.87) | (1.63) | (.53) | (.01) | (.68) | (.50) | ||||||
Net asset value, end of period | $ | 19.15 | $ | 17.87 | $ | 21.17 | $ | 19.36 | $ | 17.36 | $ | 28.30 |
Total Return C,D | 11.97 % | (7.88)% | 12.55% | 11.58% | (37.13)% | 32.06% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.01% G | 1.07% | 1.06% | 1.04% | 1.05% | 1.05% | ||||||
Expenses net of fee waivers, if any | 1.00 % G | 1.06% | 1.05% | 1.04% | 1.05% | 1.04% | ||||||
Expenses net of all reductions | 1.00% G | 1.06% | 1.05% | 1.04% | 1.03% | 1.04% | ||||||
Net investment income (loss) | 3.62% G | 5.55% | 8.24% | .99% | .48% | 3.13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 219,883 | $ | 217,336 | $ | 262,361 | $ | 262,484 | $ | 277,942 | $ | 517,901 |
Portfolio turnover rate H | 15 % G | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.85 | $ | 21.15 | $ | 19.34 | $ | 17.34 | $ | 28.28 | $ | 21.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .37 | 1.07 | 1.67 | .23 | .12 | .78 | ||||||
Net realized and unrealized gain (loss) | 1.78 | (2.73) | .67 | 1.78 | (10.34) | 6.08 | ||||||
Total from investment operations | 2.15 | (1.66) | 2.34 | 2.01 | (10.22) | 6.86 | ||||||
Distributions from net investment income | (.89) | (1.64) | (.53) | (.01) | (.72) | (.50) | ||||||
Total distributions | (.89) | (1.64) | (.53) | (.01) | (.72) | (.50) | ||||||
Net asset value, end of period | $ | 19.11 | $ | 17.85 | $ | 21.15 | $ | 19.34 | $ | 17.34 | $ | 28.28 |
Total Return C,D | 11.97 % | (7.83)% | 12.57% | 11.60% | (37.07)% | 32.09% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .97% G | 1.02% | 1.02% | 1.00% | .99% | 1.01% | ||||||
Expenses net of fee waivers, if any | .97 % G | 1.02% | 1.02% | 1.00% | .99% | 1.00% | ||||||
Expenses net of all reductions | .97% G | 1.02% | 1.02% | 1.00% | .97% | 1.00% | ||||||
Net investment income (loss) | 3.65% G | 5.60% | 8.28% | 1.04% | .54% | 3.17% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,015 | $ | 6,213 | $ | 3,960 | $ | 2,768 | $ | 3,508 | $ | 7,124 |
Portfolio turnover rate H | 15 % G | 37% | 48% | 33% | 54% | 48% |
Fidelity Advisor® Latin America Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.92 | $ | 21.14 | $ | 19.35 | $ | 17.32 | $ | 28.24 | $ | 21.92 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .38 | 1.10 | 1.70 | .26 | .14 | .85 | ||||||
Net realized and unrealized gain (loss) | 1.80 | (2.72) | .66 | 1.79 | (10.32) | 6.03 | ||||||
Total from investment operations | 2.18 | (1.62) | 2.36 | 2.05 | (10.18) | 6.88 | ||||||
Distributions from net investment income | (.91) | (1.60) | (.57) | (.02) | (.74) | (.56) | ||||||
Total distributions | (.91) | (1.60) | (.57) | (.02) | (.74) | (.56) | ||||||
Net asset value, end of period | $ | 19.19 | $ | 17.92 | $ | 21.14 | $ | 19.35 | $ | 17.32 | $ | 28.24 |
Total Return C,D | 12.10 % | (7.67)% | 12.73% | 11.82% | (37.00)% | 32.28% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .85% G | .86% | .85% | .85% | .86% | .86% | ||||||
Expenses net of fee waivers, if any | .84 % G | .86% | .85% | .85% | .86% | .86% | ||||||
Expenses net of all reductions | .84% G | .86% | .85% | .85% | .84% | .86% | ||||||
Net investment income (loss) | 3.77% G | 5.76% | 8.45% | 1.19% | .67% | 3.31% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 618 | $ | 664 | $ | 1,115 | $ | 14,338 | $ | 13,520 | $ | 26,605 |
Portfolio turnover rate H | 15 % G | 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 | $54,318,407 |
Gross unrealized depreciation | (51,484,934) |
Net unrealized appreciation (depreciation) | $2,833,473 |
Tax cost | $244,302,483 |
Short-term | $(57,484,114) |
Long-term | (24,336,082) |
Total capital loss carryforward | $(81,820,196) |
Purchases ($) | Sales ($) | |
Fidelity Latin America Fund | 19,387,237 | 44,956,060 |
Maximum Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .88 |
Latin America | .88 |
Class I | .88 |
Class Z | .72 |
Total Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .88 |
Latin America | .88 |
Class I | .88 |
Class Z | .72 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 17,424 | 705 |
Class M | .25% | .25% | 7,348 | 43 |
Class C | .75% | .25% | 7,424 | 3,315 |
32,196 | 4,063 |
Retained by FDC ($) | |
Class A | 1,310 |
Class M | 88 |
Class CA | 41 |
1,439 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Latin America | .2000 |
Class I | .2000 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 9,753 | .21 |
Class M | 2,053 | .20 |
Class C | 1,030 | .21 |
Latin America | 170,466 | .21 |
Class I | 4,776 | .20 |
Class Z | 101 | .04 |
188,179 |
% of Average Net Assets | |
Fidelity Latin America Fund | .0498 |
% of Average Net Assets | |
Fidelity Latin America Fund | .05 |
Amount ($) | |
Fidelity Latin America Fund | 97 |
Amount ($) | |
Fidelity Latin America Fund | 247 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Latin America Fund | 901 | 12 | - |
Expense reduction ($) | |
Class M | 57 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Latin America Fund | ||
Distributions to shareholders | ||
Class A | $563,727 | $1,004,697 |
Class M | 114,072 | 219,803 |
Class C | 48,016 | 62,841 |
Latin America | 10,518,210 | 20,106,391 |
Class I | 285,565 | 319,001 |
Class Z | 32,796 | 97,630 |
Total | $11,562,386 | $21,810,363 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Latin America Fund | ||||
Class A | ||||
Shares sold | 16,974 | 134,846 | $344,291 | $2,591,643 |
Reinvestment of distributions | 28,394 | 54,943 | 554,935 | 985,119 |
Shares redeemed | (64,977) | (129,882) | (1,312,781) | (2,397,461) |
Net increase (decrease) | (19,609) | 59,907 | $(413,555) | $1,179,301 |
Class M | ||||
Shares sold | 5,987 | 13,661 | $122,476 | $273,957 |
Reinvestment of distributions | 5,786 | 12,131 | 113,521 | 218,228 |
Shares redeemed | (22,088) | (22,967) | (448,486) | (443,213) |
Net increase (decrease) | (10,315) | 2,825 | $(212,489) | $48,972 |
Class C | ||||
Shares sold | 18,257 | 26,302 | $372,404 | $509,122 |
Reinvestment of distributions | 2,420 | 3,453 | 48,016 | 62,841 |
Shares redeemed | (8,639) | (11,221) | (178,432) | (215,686) |
Net increase (decrease) | 12,038 | 18,534 | $241,988 | $356,277 |
Latin America | ||||
Shares sold | 556,670 | 1,714,595 | $11,279,615 | $33,449,842 |
Reinvestment of distributions | 499,966 | 1,050,900 | 9,738,606 | 18,779,586 |
Shares redeemed | (1,738,401) | (2,998,723) | (35,147,898) | (57,166,973) |
Net increase (decrease) | (681,765) | (233,228) | $(14,129,677) | $(4,937,545) |
Class I | ||||
Shares sold | 106,321 | 270,444 | $2,180,144 | $5,353,519 |
Reinvestment of distributions | 14,662 | 17,723 | 284,846 | 316,179 |
Shares redeemed | (311,288) | (127,375) | (6,084,051) | (2,335,762) |
Net increase (decrease) | (190,305) | 160,792 | $(3,619,061) | $3,333,936 |
Class Z | ||||
Shares sold | 10,511 | 24,093 | $207,339 | $494,949 |
Reinvestment of distributions | 1,656 | 3,612 | 32,284 | 64,625 |
Shares redeemed | (16,987) | (43,424) | (333,202) | (802,540) |
Net increase (decrease) | (4,820) | (15,719) | $(93,579) | $(242,966) |
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 24.4 | |
Investor AB (B Shares) (Sweden, Financial Services) | 5.7 | |
Atlas Copco AB (B Shares) (Sweden, Machinery) | 5.0 | |
Nordea Bank Abp (Finland, Banks) | 4.8 | |
Sandvik AB (Sweden, Machinery) | 2.9 | |
ASSA ABLOY AB (B Shares) (Sweden, Building Products) | 2.7 | |
Vestas Wind Systems A/S (Denmark, Electrical Equipment) | 2.7 | |
Alfa Laval AB (Sweden, Machinery) | 2.3 | |
Evolution AB (Sweden, Hotels, Restaurants & Leisure) | 2.3 | |
Equinor ASA (Norway, Oil, Gas & Consumable Fuels) | 2.2 | |
55.0 | ||
Market Sectors (% of Fund's net assets) | ||
Health Care | 27.5 | |
Industrials | 25.2 | |
Financials | 19.0 | |
Consumer Discretionary | 5.4 | |
Materials | 4.7 | |
Communication Services | 3.8 | |
Energy | 3.4 | |
Information Technology | 2.6 | |
Consumer Staples | 2.6 | |
Utilities | 0.5 | |
Real Estate | 0.4 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.1% | |||
Shares | Value ($) | ||
Denmark - 35.8% | |||
Carlsberg A/S Series B | 46,500 | 6,254,848 | |
Demant A/S (a) | 56,800 | 2,733,981 | |
DSV A/S | 28,600 | 4,083,201 | |
Genmab A/S (a) | 21,600 | 5,996,811 | |
Novo Nordisk A/S Series B | 643,800 | 82,562,400 | |
Pandora A/S | 29,000 | 4,437,823 | |
Tryg A/S | 291,383 | 5,774,377 | |
Vestas Wind Systems A/S (a) | 342,000 | 9,219,305 | |
TOTAL DENMARK | 121,062,746 | ||
Finland - 10.2% | |||
Elisa Corp. (A Shares) | 128,700 | 5,812,594 | |
Fortum Corp. | 130,200 | 1,720,194 | |
Neste OYJ | 131,700 | 2,999,342 | |
Nordea Bank Abp | 1,401,944 | 16,359,660 | |
Sampo Oyj (A Shares) | 115,100 | 4,657,893 | |
UPM-Kymmene Corp. | 89,600 | 3,147,847 | |
TOTAL FINLAND | 34,697,530 | ||
Norway - 8.6% | |||
DNB Bank ASA | 325,700 | 5,690,991 | |
Equinor ASA | 283,300 | 7,538,153 | |
Kongsberg Gruppen ASA | 89,200 | 6,311,491 | |
Mowi ASA | 115,300 | 2,033,851 | |
Norsk Hydro ASA | 913,300 | 5,612,580 | |
Selvaag Bolig ASA | 321,200 | 1,016,355 | |
TGS ASA | 79,300 | 908,040 | |
TOTAL NORWAY | 29,111,461 | ||
Sweden - 40.5% | |||
Alfa Laval AB | 184,900 | 7,946,049 | |
ASSA ABLOY AB (B Shares) | 349,400 | 9,231,643 | |
Atlas Copco AB (B Shares) | 1,112,400 | 16,907,463 | |
Autoliv, Inc. | 16,700 | 2,000,493 | |
Axfood AB | 12,100 | 313,359 | |
Beijer Alma AB (B Shares) | 86,600 | 1,650,212 | |
Eltel AB (a)(b) | 1,544,681 | 925,093 | |
EQT AB (c) | 258,500 | 7,090,900 | |
Evolution AB (b) | 69,900 | 7,814,308 | |
Fortnox AB | 539,500 | 3,200,656 | |
Haypp Group (a) | 385,600 | 3,016,108 | |
Hemnet Group AB | 272,500 | 7,146,065 | |
HEXPOL AB (B Shares) | 304,170 | 3,477,680 | |
Indutrade AB | 277,600 | 6,503,967 | |
Investor AB (B Shares) (c) | 774,500 | 19,140,419 | |
Lagercrantz Group AB (B Shares) | 394,353 | 5,864,983 | |
Nordnet AB (c) | 294,900 | 5,330,485 | |
Rusta AB | 148,900 | 1,022,806 | |
Saab AB (B Shares) | 91,900 | 7,326,716 | |
Sandvik AB (c) | 489,000 | 9,881,701 | |
Surgical Science Sweden AB (a) | 124,000 | 1,767,667 | |
Svenska Cellulosa AB SCA (B Shares) | 272,700 | 4,009,930 | |
Swedish Logistic Property AB (a) | 131,004 | 395,851 | |
Trelleborg AB (B Shares) | 148,900 | 5,312,646 | |
TOTAL SWEDEN | 137,277,200 | ||
TOTAL COMMON STOCKS (Cost $227,410,975) | 322,148,937 | ||
Money Market Funds - 11.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 3,256,254 | 3,256,905 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 34,994,373 | 34,997,872 | |
TOTAL MONEY MARKET FUNDS (Cost $38,254,777) | 38,254,777 | ||
TOTAL INVESTMENT IN SECURITIES - 106.4% (Cost $265,665,752) | 360,403,714 |
NET OTHER ASSETS (LIABILITIES) - (6.4)% | (21,832,205) |
NET ASSETS - 100.0% | 338,571,509 |
(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 $8,739,401 or 2.6% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 9,211,851 | 25,828,687 | 31,783,533 | 207,536 | (100) | - | 3,256,905 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 3,656,000 | 48,549,920 | 17,208,048 | 19,001 | - | - | 34,997,872 | 0.1% |
Total | 12,867,851 | 74,378,607 | 48,991,581 | 226,537 | (100) | - | 38,254,777 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 12,958,659 | 12,958,659 | - | - |
Consumer Discretionary | 18,291,538 | 18,291,538 | - | - |
Consumer Staples | 8,602,058 | 2,347,210 | 6,254,848 | - |
Energy | 11,445,535 | 3,907,382 | 7,538,153 | - |
Financials | 64,044,725 | 64,044,725 | - | - |
Health Care | 93,060,859 | 4,501,648 | 88,559,211 | - |
Industrials | 85,299,487 | 76,067,844 | 9,231,643 | - |
Information Technology | 9,065,639 | 9,065,639 | - | - |
Materials | 16,248,037 | 10,635,457 | 5,612,580 | - |
Real Estate | 1,412,206 | 1,412,206 | - | - |
Utilities | 1,720,194 | 1,720,194 | - | - |
Money Market Funds | 38,254,777 | 38,254,777 | - | - |
Total Investments in Securities: | 360,403,714 | 243,207,279 | 117,196,435 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $33,062,834) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $227,410,975) | $ | 322,148,937 | ||
Fidelity Central Funds (cost $38,254,777) | 38,254,777 | |||
Total Investment in Securities (cost $265,665,752) | $ | 360,403,714 | ||
Foreign currency held at value (cost $212) | 212 | |||
Receivable for investments sold | 9,744,669 | |||
Receivable for fund shares sold | 28,244 | |||
Dividends receivable | 1,644,048 | |||
Reclaims receivable | 2,224,673 | |||
Distributions receivable from Fidelity Central Funds | 29,504 | |||
Prepaid expenses | 111 | |||
Total assets | 374,075,175 | |||
Liabilities | ||||
Payable for fund shares redeemed | $ | 52,257 | ||
Accrued management fee | 235,727 | |||
Other payables and accrued expenses | 217,810 | |||
Collateral on securities loaned | 34,997,872 | |||
Total liabilities | 35,503,666 | |||
Net Assets | $ | 338,571,509 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 244,616,906 | ||
Total accumulated earnings (loss) | 93,954,603 | |||
Net Assets | $ | 338,571,509 | ||
Net Asset Value, offering price and redemption price per share ($338,571,509 ÷ 5,138,521 shares) | $ | 65.89 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 5,850,637 | ||
Non-Cash dividends | 348,292 | |||
Foreign Tax Reclaims | 413,721 | |||
Interest | 1,718 | |||
Income from Fidelity Central Funds (including $19,001 from security lending) | 226,537 | |||
Income before foreign taxes withheld | $ | 6,840,905 | ||
Less foreign taxes withheld | (1,393,067) | |||
Total income | 5,447,838 | |||
Expenses | ||||
Management fee | $ | 1,201,055 | ||
Transfer agent fees | 175,119 | |||
Accounting fees | 53,499 | |||
Custodian fees and expenses | 11,370 | |||
Independent trustees' fees and expenses | 806 | |||
Registration fees | 13,767 | |||
Audit | 29,409 | |||
Legal | 170 | |||
Miscellaneous | 633 | |||
Total expenses before reductions | 1,485,828 | |||
Expense reductions | (14,678) | |||
Total expenses after reductions | 1,471,150 | |||
Net Investment income (loss) | 3,976,688 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 7,711,535 | |||
Fidelity Central Funds | (100) | |||
Foreign currency transactions | (65,795) | |||
Total net realized gain (loss) | 7,645,640 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 53,853,178 | |||
Assets and liabilities in foreign currencies | 73,614 | |||
Total change in net unrealized appreciation (depreciation) | 53,926,792 | |||
Net gain (loss) | 61,572,432 | |||
Net increase (decrease) in net assets resulting from operations | $ | 65,549,120 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,976,688 | $ | 5,184,181 |
Net realized gain (loss) | 7,645,640 | 1,880,670 | ||
Change in net unrealized appreciation (depreciation) | 53,926,792 | 34,480,640 | ||
Net increase (decrease) in net assets resulting from operations | 65,549,120 | 41,545,491 | ||
Distributions to shareholders | (158,641) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 13,394,764 | 44,092,104 | ||
Reinvestment of distributions | 143,738 | - | ||
Cost of shares redeemed | (27,010,260) | (56,149,155) | ||
Net increase (decrease) in net assets resulting from share transactions | (13,471,758) | (12,057,051) | ||
Total increase (decrease) in net assets | 51,918,721 | 29,488,440 | ||
Net Assets | ||||
Beginning of period | 286,652,788 | 257,164,348 | ||
End of period | $ | 338,571,509 | $ | 286,652,788 |
Other Information | ||||
Shares | ||||
Sold | 211,465 | 789,514 | ||
Issued in reinvestment of distributions | 2,295 | - | ||
Redeemed | (428,483) | (1,011,489) | ||
Net increase (decrease) | (214,723) | (221,975) | ||
Fidelity® Nordic Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 53.55 | $ | 46.13 | $ | 75.57 | $ | 56.51 | $ | 46.69 | $ | 49.64 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .76 | .93 | .78 | 1.06 | .15 | 1.50 C | ||||||
Net realized and unrealized gain (loss) | 11.61 | 6.49 | (20.65) D | 20.17 | 11.86 | .15 | ||||||
Total from investment operations | 12.37 | 7.42 | (19.87) | 21.23 | 12.01 | 1.65 | ||||||
Distributions from net investment income | (.03) | - | (3.02) | (.96) | (1.60) | (.05) | ||||||
Distributions from net realized gain | - | - | (6.56) | (1.21) | (.59) | (4.55) | ||||||
Total distributions | (.03) | - | (9.57) E | (2.17) | (2.19) | (4.60) | ||||||
Net asset value, end of period | $ | 65.89 | $ | 53.55 | $ | 46.13 | $ | 75.57 | $ | 56.51 | $ | 46.69 |
Total Return F,G | 23.10 % | 16.08% | (29.33)% D | 38.39% | 26.73% | 3.96% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .90% J | .94% | .93% | .92% | .96% | .98% | ||||||
Expenses net of fee waivers, if any | .89 % J | .93% | .92% | .92% | .96% | .98% | ||||||
Expenses net of all reductions | .89% J | .93% | .92% | .92% | .96% | .96% | ||||||
Net investment income (loss) | 2.41% J | 1.69% | 1.45% | 1.51% | .31% | 3.28% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 338,572 | $ | 286,653 | $ | 257,164 | $ | 422,673 | $ | 301,424 | $ | 261,896 |
Portfolio turnover rate K | 20 % J | 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 | $107,898,418 |
Gross unrealized depreciation | (18,330,113) |
Net unrealized appreciation (depreciation) | $89,568,305 |
Tax cost | $270,835,409 |
Short-term | $(7,039,045) |
Total capital loss carryforward | $(7,039,045) |
Purchases ($) | Sales ($) | |
Fidelity Nordic Fund | 32,200,524 | 46,837,134 |
Maximum Management Fee Rate % | |
Fidelity Nordic Fund | .85 |
Total Management Fee Rate % | |
Fidelity Nordic Fund | .83 |
% of Average Net Assets | |
Fidelity Nordic Fund | .0498 |
% of Average Net Assets | |
Fidelity Nordic Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Nordic Fund | 6,875,037 | 14,699,467 | 6,909,186 |
Amount ($) | |
Fidelity Nordic Fund | 300 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Nordic Fund | 2,181 | - | - |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 9.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.1 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.2 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.7 | |
Sony Group Corp. (Japan, Household Durables) | 2.6 | |
ORIX Corp. (Japan, Financial Services) | 2.6 | |
AIA Group Ltd. (Hong Kong, Insurance) | 2.5 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 2.4 | |
DENSO Corp. (Japan, Automobile Components) | 2.4 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.3 | |
37.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 26.6 | |
Consumer Discretionary | 19.9 | |
Financials | 12.2 | |
Communication Services | 11.5 | |
Industrials | 11.3 | |
Health Care | 5.3 | |
Materials | 3.1 | |
Real Estate | 2.7 | |
Energy | 2.6 | |
Utilities | 2.5 | |
Consumer Staples | 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 - 92.6% | |||
Shares | Value ($) | ||
Australia - 6.5% | |||
Aristocrat Leisure Ltd. | 196,979 | 5,026,901 | |
CAR Group Ltd. | 243,614 | 5,282,408 | |
Cogstate Ltd. (a) | 1,950,314 | 1,760,895 | |
Dominos Pizza Enterprises Ltd. | 162,846 | 4,107,859 | |
HUB24 Ltd. | 247,352 | 6,355,347 | |
Macquarie Group Ltd. | 92,404 | 11,064,318 | |
National Storage REIT unit | 2,224,120 | 3,066,899 | |
Santos Ltd. | 1,050,151 | 5,153,477 | |
TOTAL AUSTRALIA | 41,818,104 | ||
Cayman Islands - 0.1% | |||
PropertyGuru Group Ltd. (a) | 174,957 | 668,336 | |
China - 18.7% | |||
Advanced Micro-Fabrication Equipment, Inc., China (A Shares) | 180,200 | 3,503,703 | |
Alibaba Group Holding Ltd. | 1,495,100 | 13,998,718 | |
Alibaba Group Holding Ltd. sponsored ADR | 127,400 | 9,535,890 | |
Antengene Corp. (a)(b) | 8,904,211 | 1,148,795 | |
Baidu, Inc. Class A (a) | 386,000 | 5,000,856 | |
Canaan, Inc. ADR (a)(c) | 389,132 | 340,491 | |
Chervon Holdings Ltd. (c) | 1,894,700 | 4,601,397 | |
China Longyuan Power Grid Corp. Ltd. (H Shares) | 5,932,000 | 4,155,564 | |
DouYu International Holdings Ltd. ADR (a)(c) | 455,510 | 3,908,276 | |
HUYA, Inc. ADR | 710,157 | 3,188,605 | |
JOYY, Inc. ADR | 20,600 | 671,972 | |
KE Holdings, Inc. ADR | 285,500 | 4,316,760 | |
Kweichow Moutai Co. Ltd. (A Shares) | 28,900 | 6,776,073 | |
Medlive Technology Co. Ltd. (b)(c) | 3,838,000 | 4,031,926 | |
PDD Holdings, Inc. ADR (a) | 79,200 | 9,914,256 | |
Tencent Holdings Ltd. | 626,100 | 27,475,272 | |
TravelSky Technology Ltd. (H Shares) | 4,587,000 | 5,958,661 | |
Zai Lab Ltd. (a)(c) | 2,452,600 | 3,942,091 | |
Zhejiang Hechuan Technology Co. Ltd. (a) | 663,500 | 2,491,066 | |
Zylox-Tonbridge Medical Technology Co. Ltd. (a)(b)(c) | 4,632,000 | 6,165,003 | |
TOTAL CHINA | 121,125,375 | ||
Hong Kong - 3.4% | |||
AIA Group Ltd. | 2,210,400 | 16,189,761 | |
China Metal Recycling (Holdings) Ltd. (a)(d) | 2,572,200 | 3 | |
Oriental Watch Holdings Ltd. | 2,381,424 | 1,073,466 | |
Prudential PLC | 569,885 | 4,956,490 | |
TOTAL HONG KONG | 22,219,720 | ||
India - 1.6% | |||
Delhivery Private Ltd. (a) | 785,400 | 4,221,164 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 887,000 | 6,189,542 | |
TOTAL INDIA | 10,410,706 | ||
Japan - 40.4% | |||
BayCurrent Consulting, Inc. | 209,200 | 4,453,275 | |
CUC, Inc. (a)(c) | 196,400 | 2,102,230 | |
Daiichikosho Co. Ltd. | 232,600 | 2,715,001 | |
DENSO Corp. | 897,600 | 15,297,907 | |
Descente Ltd. | 161,200 | 3,634,634 | |
ENEOS Holdings, Inc. | 741,900 | 3,427,737 | |
Fast Retailing Co. Ltd. | 30,300 | 7,922,513 | |
FUJIFILM Holdings Corp. | 349,800 | 7,441,116 | |
Fujitsu Ltd. | 392,000 | 6,055,676 | |
Funai Soken Holdings, Inc. | 257,200 | 3,891,222 | |
Hitachi Ltd. | 159,200 | 14,687,903 | |
Hoya Corp. | 125,100 | 14,504,072 | |
IHI Corp. | 110,100 | 2,636,252 | |
INPEX Corp. | 550,600 | 8,247,879 | |
JTOWER, Inc. (a) | 129,700 | 2,649,047 | |
Kansai Electric Power Co., Inc. | 802,400 | 12,019,488 | |
Lifenet Insurance Co. (a)(c) | 370,100 | 3,267,907 | |
LY Corp. | 2,026,000 | 4,867,737 | |
Minebea Mitsumi, Inc. | 254,100 | 4,759,383 | |
Mitsubishi Electric Corp. | 264,900 | 4,617,188 | |
Mitsubishi Heavy Industries Ltd. | 609,100 | 5,446,034 | |
Mitsui & Co. Ltd. | 87,300 | 4,214,468 | |
Money Forward, Inc. (a) | 122,200 | 4,255,171 | |
Murata Manufacturing Co. Ltd. | 227,200 | 4,151,438 | |
Nidec Corp. | 71,300 | 3,339,183 | |
NSD Co. Ltd. | 228,200 | 4,460,393 | |
Open House Group Co. Ltd. | 177,300 | 5,391,735 | |
ORIX Corp. | 822,200 | 16,826,665 | |
Pan Pacific International Holdings Ltd. | 299,500 | 7,034,065 | |
Pasona Group, Inc. | 177,000 | 2,483,800 | |
Renesas Electronics Corp. | 882,600 | 14,329,675 | |
Shin-Etsu Chemical Co. Ltd. | 406,900 | 15,750,668 | |
SMS Co., Ltd. | 272,600 | 3,772,100 | |
Sony Group Corp. | 204,100 | 16,869,145 | |
Square Enix Holdings Co. Ltd. | 90,100 | 3,256,859 | |
Sun Corp. | 156,000 | 3,297,498 | |
TechnoPro Holdings, Inc. | 325,300 | 5,540,964 | |
Tokio Marine Holdings, Inc. | 128,300 | 4,055,101 | |
ZOZO, Inc. | 376,300 | 8,104,929 | |
TOTAL JAPAN | 261,778,058 | ||
Korea (South) - 4.4% | |||
AMOREPACIFIC Corp. | 38,670 | 4,700,110 | |
HD Hyundai Marine Solution Co. Ltd. (e) | 1,600 | 96,278 | |
KB Financial Group, Inc. | 111,279 | 6,018,536 | |
Lotte Confectionery Co. Ltd. | 182,448 | 3,626,464 | |
MagnaChip Semiconductor Corp. (a) | 1,243,100 | 6,240,362 | |
SK Hynix, Inc. | 35,090 | 4,318,183 | |
SK Square Co. Ltd. (a) | 69,190 | 3,790,827 | |
TOTAL KOREA (SOUTH) | 28,790,760 | ||
Malaysia - 0.5% | |||
MR DIY Group M Sdn Bhd (b) | 10,785,800 | 3,525,475 | |
Philippines - 1.5% | |||
Robinsons Land Corp. | 36,857,400 | 9,942,904 | |
Singapore - 2.3% | |||
Sea Ltd. ADR (a) | 231,700 | 14,641,123 | |
Taiwan - 12.1% | |||
eMemory Technology, Inc. | 69,000 | 4,629,419 | |
Global Unichip Corp. | 48,000 | 1,989,969 | |
Nanya Technology Corp. | 4,136,000 | 8,333,438 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,647,000 | 63,266,467 | |
TOTAL TAIWAN | 78,219,293 | ||
United States of America - 1.1% | |||
Canva, Inc. Class A (d)(f) | 400 | 426,664 | |
GI Dynamics, Inc. (a)(d) | 111,225 | 1 | |
Newmont Corp. CDI | 113,954 | 4,613,860 | |
Space Exploration Technologies Corp. Class A (a)(d)(f) | 22,539 | 2,186,283 | |
TOTAL UNITED STATES OF AMERICA | 7,226,808 | ||
TOTAL COMMON STOCKS (Cost $490,741,011) | 600,366,662 | ||
Preferred Stocks - 6.8% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.1% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(f) | 87,773 | 432,721 | |
United States of America - 0.0% | |||
Canva, Inc.: | |||
Series A (d)(f) | 85 | 90,666 | |
Series A2 (d)(f) | 15 | 16,000 | |
106,666 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 539,387 | ||
Nonconvertible Preferred Stocks - 6.7% | |||
Korea (South) - 6.7% | |||
Hyundai Motor Co. Ltd. Series 2 | 50,180 | 5,717,905 | |
Samsung Electronics Co. Ltd. | 716,130 | 33,343,307 | |
Samsung Fire & Marine Insurance Co. Ltd. | 27,078 | 4,759,877 | |
43,821,089 | |||
TOTAL PREFERRED STOCKS (Cost $43,686,873) | 44,360,476 | ||
Money Market Funds - 2.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 5,339,579 | 5,340,647 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 11,642,616 | 11,643,781 | |
TOTAL MONEY MARKET FUNDS (Cost $16,984,428) | 16,984,428 | ||
TOTAL INVESTMENT IN SECURITIES - 102.0% (Cost $551,412,312) | 661,711,566 |
NET OTHER ASSETS (LIABILITIES) - (2.0)% | (13,200,130) |
NET ASSETS - 100.0% | 648,511,436 |
(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 $21,060,741 or 3.2% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Level 3 security |
(e) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(f) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $3,152,334 or 0.5% of net assets. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Canva, Inc. Class A | 3/18/24 | 426,664 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 2,803,622 | 83,090,231 | 80,553,317 | 69,702 | 111 | - | 5,340,647 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 10,707,799 | 58,931,475 | 57,995,493 | 66,221 | - | - | 11,643,781 | 0.0% |
Total | 13,511,421 | 142,021,706 | 138,548,810 | 135,923 | 111 | - | 16,984,428 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 74,325,492 | 23,078,312 | 51,247,180 | - |
Consumer Discretionary | 128,248,786 | 19,450,146 | 108,265,310 | 533,330 |
Consumer Staples | 11,476,183 | - | 11,476,183 | - |
Energy | 16,829,093 | - | 16,829,093 | - |
Financials | 79,683,544 | - | 79,683,544 | - |
Health Care | 34,087,734 | - | 33,655,012 | 432,722 |
Industrials | 73,762,788 | - | 71,576,505 | 2,186,283 |
Information Technology | 172,447,372 | 6,580,853 | 165,866,519 | - |
Materials | 20,364,531 | - | 20,364,528 | 3 |
Real Estate | 17,326,563 | 4,316,760 | 13,009,803 | - |
Utilities | 16,175,052 | - | 16,175,052 | - |
Money Market Funds | 16,984,428 | 16,984,428 | - | - |
Total Investments in Securities: | 661,711,566 | 70,410,499 | 588,148,729 | 3,152,338 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $10,992,266) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $534,427,884) | $ | 644,727,138 | ||
Fidelity Central Funds (cost $16,984,428) | 16,984,428 | |||
Total Investment in Securities (cost $551,412,312) | $ | 661,711,566 | ||
Receivable for investments sold | 6,759,007 | |||
Receivable for fund shares sold | 24,719 | |||
Dividends receivable | 2,209,400 | |||
Distributions receivable from Fidelity Central Funds | 27,331 | |||
Prepaid expenses | 256 | |||
Other receivables | 122,190 | |||
Total assets | 670,854,469 | |||
Liabilities | ||||
Payable to custodian bank | $ | 1,403 | ||
Payable for investments purchased | ||||
Regular delivery | 9,588,552 | |||
Delayed delivery | 97,241 | |||
Payable for fund shares redeemed | 263,385 | |||
Accrued management fee | 446,997 | |||
Other payables and accrued expenses | 301,674 | |||
Collateral on securities loaned | 11,643,781 | |||
Total liabilities | 22,343,033 | |||
Net Assets | $ | 648,511,436 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 553,066,586 | ||
Total accumulated earnings (loss) | 95,444,850 | |||
Net Assets | $ | 648,511,436 | ||
Net Asset Value, offering price and redemption price per share ($648,511,436 ÷ 22,263,032 shares) | $ | 29.13 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,979,920 | ||
Income from Fidelity Central Funds (including $66,221 from security lending) | 135,923 | |||
Income before foreign taxes withheld | $ | 7,115,843 | ||
Less foreign taxes withheld | (738,370) | |||
Total income | 6,377,473 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 2,439,229 | ||
Performance adjustment | 7,115 | |||
Transfer agent fees | 339,461 | |||
Accounting fees | 104,942 | |||
Custodian fees and expenses | 121,885 | |||
Independent trustees' fees and expenses | 1,733 | |||
Registration fees | 17,690 | |||
Audit | 47,824 | |||
Legal | 367 | |||
Interest | 6,277 | |||
Miscellaneous | 1,392 | |||
Total expenses before reductions | 3,087,915 | |||
Expense reductions | (30,313) | |||
Total expenses after reductions | 3,057,602 | |||
Net Investment income (loss) | 3,319,871 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $441,745) | (4,722,777) | |||
Fidelity Central Funds | 111 | |||
Foreign currency transactions | (113,997) | |||
Total net realized gain (loss) | (4,836,663) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $885,293) | 70,746,527 | |||
Assets and liabilities in foreign currencies | (106,407) | |||
Total change in net unrealized appreciation (depreciation) | 70,640,120 | |||
Net gain (loss) | 65,803,457 | |||
Net increase (decrease) in net assets resulting from operations | $ | 69,123,328 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,319,871 | $ | 7,981,660 |
Net realized gain (loss) | (4,836,663) | 44,389,743 | ||
Change in net unrealized appreciation (depreciation) | 70,640,120 | 56,085,701 | ||
Net increase (decrease) in net assets resulting from operations | 69,123,328 | 108,457,104 | ||
Distributions to shareholders | (36,646,040) | (59,141,027) | ||
Share transactions | ||||
Proceeds from sales of shares | 22,141,788 | 84,533,936 | ||
Reinvestment of distributions | 28,015,888 | 44,008,733 | ||
Cost of shares redeemed | (84,088,576) | (185,451,402) | ||
Net increase (decrease) in net assets resulting from share transactions | (33,930,900) | (56,908,733) | ||
Total increase (decrease) in net assets | (1,453,612) | (7,592,656) | ||
Net Assets | ||||
Beginning of period | 649,965,048 | 657,557,704 | ||
End of period | $ | 648,511,436 | $ | 649,965,048 |
Other Information | ||||
Shares | ||||
Sold | 764,880 | 2,854,991 | ||
Issued in reinvestment of distributions | 1,000,210 | 1,565,033 | ||
Redeemed | (2,893,198) | (6,326,367) | ||
Net increase (decrease) | (1,128,108) | (1,906,343) | ||
Fidelity® Pacific Basin Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.79 | $ | 25.99 | $ | 46.10 | $ | 40.16 | $ | 32.65 | $ | 29.51 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .32 C | .22 | .15 | .16 | .26 | ||||||
Net realized and unrealized gain (loss) | 2.79 | 3.88 | (14.49) | 7.74 | 7.61 | 5.74 | ||||||
Total from investment operations | 2.93 | 4.20 | (14.27) | 7.89 | 7.77 | 6.00 | ||||||
Distributions from net investment income | (.25) | - | (1.17) D | (.10) | (.26) | (.20) | ||||||
Distributions from net realized gain | (1.34) | (2.40) | (4.67) D | (1.85) | - | (2.67) | ||||||
Total distributions | (1.59) | (2.40) | (5.84) | (1.95) | (.26) | (2.86) E | ||||||
Net asset value, end of period | $ | 29.13 | $ | 27.79 | $ | 25.99 | $ | 46.10 | $ | 40.16 | $ | 32.65 |
Total Return F,G | 10.75 % | 16.06% | (35.11)% | 20.08% | 23.95% | 22.37% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .92% J | 1.07% | 1.12% | 1.04% | 1.11% | .97% | ||||||
Expenses net of fee waivers, if any | .91 % J | 1.07% | 1.12% | 1.04% | 1.11% | .97% | ||||||
Expenses net of all reductions | .91% J | 1.07% | 1.12% | 1.04% | 1.10% | .97% | ||||||
Net investment income (loss) | .99% J | 1.08% C | .64% | .32% | .47% | .88% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 648,511 | $ | 649,965 | $ | 657,558 | $ | 1,214,726 | $ | 1,084,673 | $ | 891,154 |
Portfolio turnover rate K | 55 % J | 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 | $160,843,277 |
Gross unrealized depreciation | (60,747,486) |
Net unrealized appreciation (depreciation) | $100,095,791 |
Tax cost | $561,615,775 |
Purchases ($) | Sales ($) | |
Fidelity Pacific Basin Fund | 184,434,496 | 251,834,454 |
Maximum Management Fee Rate % | |
Fidelity Pacific Basin Fund | .83 |
Total Management Fee Rate % | |
Fidelity Pacific Basin Fund | .83 |
Performance Adjustment Index | |
Fidelity Pacific Basin Fund | MSCI All Country Pacific Index |
% of Average Net Assets | |
Fidelity Pacific Basin Fund | .0464 |
% of Average Net Assets | |
Fidelity Pacific Basin Fund | .05 |
Amount ($) | |
Fidelity Pacific Basin Fund | 2,370 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Pacific Basin Fund | Borrower | 3,272,385 | 5.57% | 6,277 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Pacific Basin Fund | 3,910,912 | 3,096,928 | (176,906) |
Amount ($) | |
Fidelity Pacific Basin Fund | 624 |
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 | 7,068 | - | - |
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 (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Canada Fund | ||||||||||
Class A | 1.36% | |||||||||
Actual | $ 1,000 | $ 1,164.70 | $ 7.32 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.10 | $ 6.82 | |||||||
Class M | 1.61% | |||||||||
Actual | $ 1,000 | $ 1,163.00 | $ 8.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.86 | $ 8.07 | |||||||
Class C | 2.11% | |||||||||
Actual | $ 1,000 | $ 1,160.30 | $ 11.33 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.37 | $ 10.57 | |||||||
Fidelity® Canada Fund | 1.07% | |||||||||
Actual | $ 1,000 | $ 1,166.40 | $ 5.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.54 | $ 5.37 | |||||||
Class I | 1.09% | |||||||||
Actual | $ 1,000 | $ 1,166.50 | $ 5.87 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.44 | $ 5.47 | |||||||
Class Z ** | .98% | |||||||||
Actual | $ 1,000 | $ 1,167.00 | $ 5.28 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.99 | $ 4.92 | |||||||
Fidelity® China Region Fund | ||||||||||
Class A | 1.20% | |||||||||
Actual | $ 1,000 | $ 1,125.50 | $ 6.34 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.90 | $ 6.02 | |||||||
Class M | 1.45% | |||||||||
Actual | $ 1,000 | $ 1,124.30 | $ 7.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.65 | $ 7.27 | |||||||
Class C | 1.95% | |||||||||
Actual | $ 1,000 | $ 1,121.70 | $ 10.29 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.17 | $ 9.77 | |||||||
Fidelity® China Region Fund | .93% | |||||||||
Actual | $ 1,000 | $ 1,127.00 | $ 4.92 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.24 | $ 4.67 | |||||||
Class I | .92% | |||||||||
Actual | $ 1,000 | $ 1,127.20 | $ 4.87 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.29 | $ 4.62 | |||||||
Class Z | .78% | |||||||||
Actual | $ 1,000 | $ 1,127.80 | $ 4.13 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.98 | $ 3.92 | |||||||
Fidelity® Emerging Asia Fund | .62% | |||||||||
Actual | $ 1,000 | $ 1,167.40 | $ 3.34 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.78 | $ 3.12 | |||||||
Fidelity® Emerging Markets Fund | ||||||||||
Class A | 1.15% | |||||||||
Actual | $ 1,000 | $ 1,163.30 | $ 6.19 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.14 | $ 5.77 | |||||||
Class M | 1.42% | |||||||||
Actual | $ 1,000 | $ 1,161.90 | $ 7.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.80 | $ 7.12 | |||||||
Class C | 1.90% | |||||||||
Actual | $ 1,000 | $ 1,159.10 | $ 10.20 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.42 | $ 9.52 | |||||||
Fidelity® Emerging Markets Fund | .86% | |||||||||
Actual | $ 1,000 | $ 1,165.00 | $ 4.63 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.59 | $ 4.32 | |||||||
Class K | .75% | |||||||||
Actual | $ 1,000 | $ 1,165.80 | $ 4.04 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.13 | $ 3.77 | |||||||
Class I ** | .97% | |||||||||
Actual | $ 1,000 | $ 1,165.00 | $ 5.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.04 | $ 4.87 | |||||||
Class Z ** | .77% | |||||||||
Actual | $ 1,000 | $ 1,166.00 | $ 4.15 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.03 | $ 3.87 | |||||||
Fidelity® Europe Fund | ||||||||||
Class A | .94% | |||||||||
Actual | $ 1,000 | $ 1,192.70 | $ 5.12 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.19 | $ 4.72 | |||||||
Class M | 1.20% | |||||||||
Actual | $ 1,000 | $ 1,191.40 | $ 6.54 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.90 | $ 6.02 | |||||||
Class C | 1.68% | |||||||||
Actual | $ 1,000 | $ 1,188.30 | $ 9.14 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.51 | $ 8.42 | |||||||
Fidelity® Europe Fund ** | .65% | |||||||||
Actual | $ 1,000 | $ 1,194.40 | $ 3.55 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.63 | $ 3.27 | |||||||
Class I | .63% | |||||||||
Actual | $ 1,000 | $ 1,194.60 | $ 3.44 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.73 | $ 3.17 | |||||||
Class Z | .53% | |||||||||
Actual | $ 1,000 | $ 1,195.30 | $ 2.89 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.23 | $ 2.66 | |||||||
Fidelity® Japan Fund | ||||||||||
Class A | .98% | |||||||||
Actual | $ 1,000 | $ 1,130.50 | $ 5.19 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.99 | $ 4.92 | |||||||
Class M | 1.23% | |||||||||
Actual | $ 1,000 | $ 1,128.70 | $ 6.51 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.75 | $ 6.17 | |||||||
Class C | 1.71% | |||||||||
Actual | $ 1,000 | $ 1,126.40 | $ 9.04 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.36 | $ 8.57 | |||||||
Fidelity® Japan Fund ** | .71% | |||||||||
Actual | $ 1,000 | $ 1,132.40 | $ 3.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.33 | $ 3.57 | |||||||
Class I | .73% | |||||||||
Actual | $ 1,000 | $ 1,132.10 | $ 3.87 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.23 | $ 3.67 | |||||||
Class Z | .57% | |||||||||
Actual | $ 1,000 | $ 1,132.30 | $ 3.02 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.03 | $ 2.87 | |||||||
Fidelity® Japan Smaller Companies Fund | .88% | |||||||||
Actual | $ 1,000 | $ 1,136.40 | $ 4.67 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.49 | $ 4.42 | |||||||
Fidelity® Latin America Fund | ||||||||||
Class A | 1.25% | |||||||||
Actual | $ 1,000 | $ 1,118.10 | $ 6.58 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.65 | $ 6.27 | |||||||
Class M | 1.49% | |||||||||
Actual | $ 1,000 | $ 1,117.40 | $ 7.84 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.45 | $ 7.47 | |||||||
Class C | 2.01% | |||||||||
Actual | $ 1,000 | $ 1,114.10 | $ 10.57 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.87 | $ 10.07 | |||||||
Fidelity® Latin America Fund | 1.00% | |||||||||
Actual | $ 1,000 | $ 1,119.70 | $ 5.27 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.89 | $ 5.02 | |||||||
Class I | .97% | |||||||||
Actual | $ 1,000 | $ 1,119.70 | $ 5.11 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.04 | $ 4.87 | |||||||
Class Z | .84% | |||||||||
Actual | $ 1,000 | $ 1,121.00 | $ 4.43 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.69 | $ 4.22 | |||||||
Fidelity® Nordic Fund | .89% | |||||||||
Actual | $ 1,000 | $ 1,231.00 | $ 4.94 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.44 | $ 4.47 | |||||||
Fidelity® Pacific Basin Fund | .91% | |||||||||
Actual | $ 1,000 | $ 1,107.50 | $ 4.77 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.34 | $ 4.57 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Canada Fund | ||||||
Class Z | .93% | |||||
Actual | $ 5.01 | |||||
Hypothetical- B | $ 4.67 | |||||
Fidelity® Emerging Markets Fund | ||||||
Class I | .86% | |||||
Actual | $ 4.63 | |||||
Hypothetical- B | $ 4.32 | |||||
Class Z | .73% | |||||
Actual | $ 3.93 | |||||
Hypothetical- B | $ 3.67 | |||||
Fidelity® Europe Fund | ||||||
Fidelity® Europe Fund | .61% | |||||
Actual | $ 3.33 | |||||
Hypothetical- B | $ 3.07 | |||||
Fidelity® Japan Fund | ||||||
Fidelity® Japan Fund | .65% | |||||
Actual | $ 3.45 | |||||
Hypothetical- B | $ 3.27 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. (United States of America, Software) | 4.7 | |
Apple, Inc. (United States of America, Technology Hardware, Storage & Peripherals) | 4.4 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.3 | |
Rheinmetall AG (Germany, Aerospace & Defense) | 2.2 | |
JPMorgan Chase & Co. (United States of America, Banks) | 2.1 | |
NXP Semiconductors NV (China, Semiconductors & Semiconductor Equipment) | 2.1 | |
Exxon Mobil Corp. (United States of America, Oil, Gas & Consumable Fuels) | 1.6 | |
Bank of America Corp. (United States of America, Banks) | 1.6 | |
Linde PLC (United States of America, Chemicals) | 1.5 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 1.5 | |
24.0 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.9 | |
Financials | 13.5 | |
Industrials | 13.3 | |
Health Care | 11.0 | |
Consumer Staples | 9.3 | |
Consumer Discretionary | 9.0 | |
Communication Services | 5.8 | |
Materials | 5.2 | |
Energy | 5.1 | |
Utilities | 4.0 | |
Real Estate | 1.2 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.3% | |||
Shares | Value ($) | ||
Belgium - 0.8% | |||
KBC Group NV | 11,316 | 844,143 | |
UCB SA | 3,231 | 429,464 | |
TOTAL BELGIUM | 1,273,607 | ||
Brazil - 0.7% | |||
Equatorial Energia SA | 170,160 | 1,002,425 | |
Canada - 4.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 29,716 | 1,646,991 | |
Canadian Natural Resources Ltd. | 15,436 | 1,169,712 | |
Constellation Software, Inc. | 362 | 931,994 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 362 | 0 | |
Imperial Oil Ltd. | 17,061 | 1,173,010 | |
Metro, Inc. | 22,800 | 1,166,292 | |
PrairieSky Royalty Ltd. | 55,500 | 1,057,469 | |
TOTAL CANADA | 7,145,468 | ||
China - 2.5% | |||
Kweichow Moutai Co. Ltd. (A Shares) | 1,387 | 325,205 | |
NXP Semiconductors NV | 12,144 | 3,111,171 | |
SITC International Holdings Co. Ltd. | 159,884 | 346,724 | |
TOTAL CHINA | 3,783,100 | ||
Finland - 0.9% | |||
Elisa Corp. (A Shares) | 25,561 | 1,154,435 | |
Neste OYJ | 7,706 | 175,497 | |
TOTAL FINLAND | 1,329,932 | ||
France - 3.4% | |||
Airbus Group NV | 8,302 | 1,366,159 | |
Capgemini SA | 4,652 | 977,762 | |
Edenred SA | 10,953 | 519,695 | |
LVMH Moet Hennessy Louis Vuitton SE | 2,276 | 1,869,589 | |
VINCI SA | 3,828 | 448,550 | |
TOTAL FRANCE | 5,181,755 | ||
Germany - 3.5% | |||
Deutsche Telekom AG | 42,583 | 975,388 | |
Rheinmetall AG | 6,117 | 3,376,314 | |
Siemens AG | 5,433 | 1,017,783 | |
TOTAL GERMANY | 5,369,485 | ||
Hong Kong - 0.5% | |||
AIA Group Ltd. | 94,872 | 694,877 | |
HKBN Ltd. | 448,630 | 134,953 | |
TOTAL HONG KONG | 829,830 | ||
Hungary - 0.4% | |||
Richter Gedeon PLC | 22,254 | 566,699 | |
India - 0.3% | |||
HDFC Bank Ltd. sponsored ADR | 5,039 | 290,246 | |
Redington (India) Ltd. | 71,339 | 186,468 | |
TOTAL INDIA | 476,714 | ||
Italy - 0.6% | |||
Prysmian SpA | 16,200 | 884,833 | |
Japan - 6.3% | |||
Capcom Co. Ltd. | 35,448 | 583,561 | |
Daiichikosho Co. Ltd. | 44,808 | 523,017 | |
FUJIFILM Holdings Corp. | 21,459 | 456,486 | |
Hitachi Ltd. | 13,148 | 1,213,044 | |
Hoya Corp. | 6,801 | 788,507 | |
Inaba Denki Sangyo Co. Ltd. | 30,990 | 723,014 | |
Minebea Mitsumi, Inc. | 17,966 | 336,510 | |
Mitsubishi Electric Corp. | 14,300 | 249,248 | |
Renesas Electronics Corp. | 49,410 | 802,209 | |
Roland Corp. | 17,640 | 479,539 | |
Shin-Etsu Chemical Co. Ltd. | 29,163 | 1,128,869 | |
Sony Group Corp. | 15,371 | 1,270,434 | |
Toyota Motor Corp. | 40,923 | 933,396 | |
TOTAL JAPAN | 9,487,834 | ||
Kenya - 0.3% | |||
Safaricom Ltd. | 3,575,246 | 422,409 | |
Korea (South) - 0.9% | |||
Samsung Electronics Co. Ltd. | 25,636 | 1,421,030 | |
Luxembourg - 0.2% | |||
L'Occitane Ltd. | 75,000 | 309,082 | |
Sweden - 0.3% | |||
HEXPOL AB (B Shares) | 45,026 | 514,798 | |
Switzerland - 1.1% | |||
Compagnie Financiere Richemont SA Series A | 3,630 | 501,764 | |
Galderma Group AG | 4,800 | 357,683 | |
Sika AG | 2,659 | 761,615 | |
TOTAL SWITZERLAND | 1,621,062 | ||
Taiwan - 2.3% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 142,877 | 3,414,931 | |
United Kingdom - 6.8% | |||
AstraZeneca PLC sponsored ADR | 26,362 | 2,000,349 | |
B&M European Value Retail SA | 129,988 | 842,994 | |
BAE Systems PLC | 80,785 | 1,343,634 | |
Compass Group PLC | 35,848 | 997,066 | |
Diageo PLC | 14,997 | 518,292 | |
Games Workshop Group PLC | 1,300 | 160,980 | |
JD Sports Fashion PLC | 443,834 | 641,109 | |
London Stock Exchange Group PLC | 7,400 | 815,777 | |
RELX PLC (London Stock Exchange) | 29,796 | 1,224,225 | |
RS GROUP PLC | 62,672 | 577,158 | |
Starling Bank Ltd. Series D (a)(b)(c) | 62,800 | 236,200 | |
Unilever PLC | 12,959 | 670,380 | |
WH Smith PLC | 22,817 | 312,765 | |
TOTAL UNITED KINGDOM | 10,340,929 | ||
United States of America - 60.5% | |||
AbbVie, Inc. | 7,900 | 1,284,856 | |
Accenture PLC Class A | 6,462 | 1,944,480 | |
Albertsons Companies, Inc. | 8,300 | 169,320 | |
Amdocs Ltd. | 15,335 | 1,287,987 | |
Ameren Corp. | 9,454 | 698,367 | |
American Tower Corp. | 3,323 | 570,094 | |
Apple, Inc. | 38,843 | 6,616,128 | |
AT&T, Inc. | 26,586 | 449,038 | |
Ball Corp. | 5,400 | 375,678 | |
Bank of America Corp. | 65,223 | 2,413,903 | |
BJ's Wholesale Club Holdings, Inc. (a) | 11,421 | 852,920 | |
BlackRock, Inc. Class A | 700 | 528,248 | |
Capital One Financial Corp. | 6,894 | 988,806 | |
Chubb Ltd. | 4,437 | 1,103,216 | |
Cisco Systems, Inc. | 30,829 | 1,448,346 | |
Comcast Corp. Class A | 24,839 | 946,614 | |
Costco Wholesale Corp. | 1,426 | 1,030,855 | |
Crane Co. | 6,393 | 895,084 | |
Crane NXT Co. | 3,993 | 242,814 | |
Crown Holdings, Inc. | 8,912 | 731,408 | |
Danaher Corp. | 6,937 | 1,710,803 | |
Dollar Tree, Inc. (a) | 9,485 | 1,121,601 | |
Eli Lilly & Co. | 2,922 | 2,282,374 | |
Estee Lauder Companies, Inc. Class A | 3,145 | 461,403 | |
Experian PLC | 27,784 | 1,120,638 | |
Exxon Mobil Corp. | 20,432 | 2,416,493 | |
Freeport-McMoRan, Inc. | 32,597 | 1,627,894 | |
GE Vernova LLC | 2,739 | 421,012 | |
General Dynamics Corp. | 1,500 | 430,635 | |
General Electric Co. | 10,156 | 1,643,444 | |
Gilead Sciences, Inc. | 13,304 | 867,421 | |
GSK PLC | 36,500 | 757,263 | |
H&R Block, Inc. | 24,514 | 1,157,796 | |
Hartford Financial Services Group, Inc. | 15,573 | 1,508,868 | |
Hess Corp. | 5,590 | 880,369 | |
Hillenbrand, Inc. | 7,100 | 338,812 | |
Johnson Controls International PLC | 11,742 | 764,052 | |
JPMorgan Chase & Co. | 16,988 | 3,257,279 | |
Kenvue, Inc. | 19,800 | 372,636 | |
Keurig Dr. Pepper, Inc. | 16,291 | 549,007 | |
Lamar Advertising Co. Class A | 10,017 | 1,160,469 | |
Linde PLC | 5,298 | 2,336,206 | |
Lowe's Companies, Inc. | 4,811 | 1,096,860 | |
M&T Bank Corp. | 7,897 | 1,140,248 | |
McDonald's Corp. | 4,136 | 1,129,293 | |
MDU Resources Group, Inc. | 10,600 | 261,820 | |
Merck & Co., Inc. | 11,339 | 1,465,226 | |
Microsoft Corp. | 18,281 | 7,117,339 | |
Mondelez International, Inc. | 5,477 | 394,015 | |
MSCI, Inc. | 827 | 385,208 | |
Nestle SA (Reg. S) | 8,111 | 814,346 | |
NextEra Energy, Inc. | 16,358 | 1,095,495 | |
Norfolk Southern Corp. | 800 | 184,256 | |
PG&E Corp. | 17,858 | 305,550 | |
Phillips 66 Co. | 2,735 | 391,679 | |
PNC Financial Services Group, Inc. | 10,751 | 1,647,698 | |
Procter & Gamble Co. | 8,764 | 1,430,285 | |
Roche Holding AG (participation certificate) | 5,169 | 1,238,566 | |
Samsonite International SA (d) | 135,000 | 474,615 | |
Sanofi SA | 10,232 | 1,010,850 | |
Southern Co. | 11,718 | 861,273 | |
Southwest Gas Holdings, Inc. | 4,500 | 335,790 | |
T-Mobile U.S., Inc. | 10,498 | 1,723,457 | |
Tapestry, Inc. | 12,742 | 508,661 | |
Target Corp. | 2,776 | 446,880 | |
The Boeing Co. (a) | 300 | 50,352 | |
The Coca-Cola Co. | 16,660 | 1,029,088 | |
The Travelers Companies, Inc. | 6,320 | 1,340,851 | |
The Walt Disney Co. | 10,700 | 1,188,770 | |
TJX Companies, Inc. | 15,806 | 1,487,187 | |
U.S. Bancorp | 19,100 | 776,033 | |
United Parcel Service, Inc. Class B | 4,101 | 604,815 | |
UnitedHealth Group, Inc. | 3,707 | 1,793,076 | |
Valero Energy Corp. | 2,133 | 341,003 | |
Veralto Corp. | 2,979 | 279,073 | |
Verizon Communications, Inc. | 14,459 | 570,986 | |
Vistra Corp. | 16,050 | 1,217,232 | |
Walmart, Inc. | 17,000 | 1,008,950 | |
WEC Energy Group, Inc. | 4,950 | 409,068 | |
Wells Fargo & Co. | 37,054 | 2,198,043 | |
TOTAL UNITED STATES OF AMERICA | 91,518,574 | ||
Zambia - 0.3% | |||
First Quantum Minerals Ltd. | 34,707 | 440,692 | |
TOTAL COMMON STOCKS (Cost $105,710,380) | 147,335,189 | ||
Money Market Funds - 2.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) (Cost $3,882,071) | 3,881,294 | 3,882,071 | |
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $109,592,451) | 151,217,260 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 132,101 |
NET ASSETS - 100.0% | 151,349,361 |
(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 $236,200 or 0.2% of net assets. |
(d) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $474,615 or 0.3% of net assets. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Starling Bank Ltd. Series D | 6/18/21 - 4/05/22 | 130,682 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 2,909,895 | 27,898,751 | 26,926,476 | 92,486 | (99) | - | 3,882,071 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 2,560,107 | 2,560,107 | 243 | - | - | - | 0.0% |
Total | 2,909,895 | 30,458,858 | 29,486,583 | 92,729 | (99) | - | 3,882,071 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 8,672,628 | 6,455,709 | 2,216,919 | - |
Consumer Discretionary | 13,864,048 | 7,337,645 | 6,526,403 | - |
Consumer Staples | 14,317,548 | 11,680,243 | 2,637,305 | - |
Energy | 7,605,232 | 7,605,232 | - | - |
Financials | 20,689,339 | 18,942,485 | 1,510,654 | 236,200 |
Health Care | 16,553,137 | 12,757,951 | 3,795,186 | - |
Industrials | 20,101,189 | 10,711,660 | 9,389,529 | - |
Information Technology | 29,959,145 | 22,700,259 | 7,258,886 | - |
Materials | 7,917,160 | 6,788,291 | 1,128,869 | - |
Real Estate | 1,730,563 | 1,730,563 | - | - |
Utilities | 5,925,200 | 5,925,200 | - | - |
Money Market Funds | 3,882,071 | 3,882,071 | - | - |
Total Investments in Securities: | 151,217,260 | 116,517,309 | 34,463,751 | 236,200 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $105,710,380) | $ | 147,335,189 | ||
Fidelity Central Funds (cost $3,882,071) | 3,882,071 | |||
Total Investment in Securities (cost $109,592,451) | $ | 151,217,260 | ||
Foreign currency held at value (cost $12,891) | 12,961 | |||
Receivable for fund shares sold | 43,742 | |||
Dividends receivable | 216,082 | |||
Reclaims receivable | 181,286 | |||
Distributions receivable from Fidelity Central Funds | 17,747 | |||
Prepaid expenses | 56 | |||
Other receivables | 441 | |||
Total assets | 151,689,575 | |||
Liabilities | ||||
Payable for investments purchased | $ | 35,437 | ||
Payable for fund shares redeemed | 140,499 | |||
Accrued management fee | 109,553 | |||
Deferred taxes | 20,521 | |||
Audit fee payable | 29,448 | |||
Other payables and accrued expenses | 4,756 | |||
Total liabilities | 340,214 | |||
Net Assets | $ | 151,349,361 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 117,581,331 | ||
Total accumulated earnings (loss) | 33,768,030 | |||
Net Assets | $ | 151,349,361 | ||
Net Asset Value, offering price and redemption price per share ($151,349,361 ÷ 8,017,224 shares) | $ | 18.88 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,697,925 | ||
Income from Fidelity Central Funds (including $243 from security lending) | 92,729 | |||
Income before foreign taxes withheld | $ | 1,790,654 | ||
Less foreign taxes withheld | (82,351) | |||
Total income | 1,708,303 | |||
Expenses | ||||
Management fee | $ | 570,845 | ||
Transfer agent fees | 88,871 | |||
Accounting fees | 25,744 | |||
Custodian fees and expenses | 5,560 | |||
Independent trustees' fees and expenses | 396 | |||
Registration fees | 25,584 | |||
Audit | 36,259 | |||
Legal | 704 | |||
Interest | 1,017 | |||
Miscellaneous | 313 | |||
Total expenses before reductions | 755,293 | |||
Expense reductions | (6,988) | |||
Total expenses after reductions | 748,305 | |||
Net Investment income (loss) | 959,998 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,581,637 | |||
Fidelity Central Funds | (99) | |||
Foreign currency transactions | 785 | |||
Total net realized gain (loss) | 2,582,323 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $7,722) | 20,799,751 | |||
Assets and liabilities in foreign currencies | (1,516) | |||
Total change in net unrealized appreciation (depreciation) | 20,798,235 | |||
Net gain (loss) | 23,380,558 | |||
Net increase (decrease) in net assets resulting from operations | $ | 24,340,556 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 959,998 | $ | 2,123,940 |
Net realized gain (loss) | 2,582,323 | (502,645) | ||
Change in net unrealized appreciation (depreciation) | 20,798,235 | 6,189,227 | ||
Net increase (decrease) in net assets resulting from operations | 24,340,556 | 7,810,522 | ||
Distributions to shareholders | (767,578) | (2,201,013) | ||
Share transactions | ||||
Proceeds from sales of shares | 16,935,369 | 64,120,579 | ||
Reinvestment of distributions | 679,252 | 1,975,864 | ||
Cost of shares redeemed | (37,778,662) | (63,120,560) | ||
Net increase (decrease) in net assets resulting from share transactions | (20,164,041) | 2,975,883 | ||
Total increase (decrease) in net assets | 3,408,937 | 8,585,392 | ||
Net Assets | ||||
Beginning of period | 147,940,424 | 139,355,032 | ||
End of period | $ | 151,349,361 | $ | 147,940,424 |
Other Information | ||||
Shares | ||||
Sold | 925,947 | 3,849,023 | ||
Issued in reinvestment of distributions | 37,067 | 117,757 | ||
Redeemed | (2,081,719) | (3,775,132) | ||
Net increase (decrease) | (1,118,705) | 191,648 | ||
Fidelity® Global Equity Income Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.19 | $ | 15.58 | $ | 19.80 | $ | 15.12 | $ | 14.64 | $ | 13.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .22 | .20 | .15 | .16 | .23 | ||||||
Net realized and unrealized gain (loss) | 2.67 | .62 | (2.21) | 5.07 | .48 | 1.63 | ||||||
Total from investment operations | 2.78 | .84 | (2.01) | 5.22 | .64 | 1.86 | ||||||
Distributions from net investment income | (.09) | (.23) | (.17) | (.16) | (.15) | (.24) | ||||||
Distributions from net realized gain | - | - | (2.04) | (.38) | (.01) | (.51) | ||||||
Total distributions | (.09) | (.23) | (2.21) | (.54) | (.16) | (.75) | ||||||
Net asset value, end of period | $ | 18.88 | $ | 16.19 | $ | 15.58 | $ | 19.80 | $ | 15.12 | $ | 14.64 |
Total Return C,D | 17.18 % | 5.36% | (11.45)% | 35.09% | 4.44% | 14.60% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .96% G | 1.00% | .98% | 1.02% | 1.09% | 1.09% | ||||||
Expenses net of fee waivers, if any | .95 % G | 1.00% | .98% | 1.02% | 1.09% | 1.09% | ||||||
Expenses net of all reductions | .95% G | 1.00% | .98% | 1.02% | 1.09% | 1.08% | ||||||
Net investment income (loss) | 1.22% G | 1.33% | 1.22% | .84% | 1.08% | 1.72% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 151,349 | $ | 147,940 | $ | 139,355 | $ | 92,918 | $ | 66,715 | $ | 67,764 |
Portfolio turnover rate H | 21 % G | 30% | 61% | 43% | 48% | 20% 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 | $46,945,732 |
Gross unrealized depreciation | (5,491,615) |
Net unrealized appreciation (depreciation) | $41,454,117 |
Tax cost | $109,763,143 |
Short-term | $(9,721,612) |
Long-term | (435,875) |
Total capital loss carryforward | $(10,157,487) |
Purchases ($) | Sales ($) | |
Fidelity Global Equity Income Fund | 16,217,656 | 37,144,422 |
Maximum Management Fee Rate % | |
Fidelity Global Equity Income Fund | .86 |
Total Management Fee Rate % | |
Fidelity Global Equity Income Fund | .83 |
Amount ($) | |
Fidelity Global Equity Income Fund | 137 |
% of Average Net Assets | |
Fidelity Global Equity Income Fund | .0498 |
% of Average Net Assets | |
Fidelity Global Equity Income Fund | .05 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Global Equity Income Fund | Borrower | 6,573,000 | 5.57% | 1,017 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Global Equity Income Fund | 1,414,146 | 3,488,688 | 402,056 |
Amount ($) | |
Fidelity Global Equity Income Fund | 144 |
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 | 26 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Global Equity Income Fund | .95% | |||||||||
Actual | $ 1,000 | $ 1,171.80 | $ 5.13 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.14 | $ 4.77 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Rheinmetall AG (Germany, Aerospace & Defense) | 1.8 | |
Ashtead Technology Holdings PLC (United Kingdom, Trading Companies & Distributors) | 1.5 | |
International Games Systems Co. Ltd. (Taiwan, Entertainment) | 1.4 | |
Qualitas Controladora S.A.B. de CV (Mexico, Insurance) | 1.1 | |
Talanx AG (Germany, Insurance) | 1.0 | |
Gruma S.A.B. de CV Series B (Mexico, Food Products) | 1.0 | |
RHI Magnesita NV (United States of America, Construction Materials) | 1.0 | |
Renesas Electronics Corp. (Japan, Semiconductors & Semiconductor Equipment) | 1.0 | |
Premier Foods PLC (United Kingdom, Food Products) | 0.9 | |
Century Pacific Food, Inc. (Philippines, Food Products) | 0.9 | |
11.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.5 | |
Financials | 13.4 | |
Consumer Discretionary | 12.4 | |
Consumer Staples | 10.3 | |
Information Technology | 9.3 | |
Materials | 8.0 | |
Real Estate | 5.8 | |
Health Care | 5.6 | |
Communication Services | 4.3 | |
Energy | 3.7 | |
Utilities | 1.3 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.6% | |||
Shares | Value ($) | ||
Australia - 3.2% | |||
EBOS Group Ltd. | 675,495 | 13,919,937 | |
GUD Holdings Ltd. | 2,957,137 | 19,418,843 | |
Imdex Ltd. | 14,171,197 | 19,004,744 | |
Inghams Group Ltd. | 12,245,540 | 28,983,763 | |
Nanosonics Ltd. (a) | 5,222,808 | 9,663,827 | |
National Storage REIT unit | 9,547,071 | 13,164,714 | |
NIB Holdings Ltd. | 5,000,000 | 23,877,700 | |
Servcorp Ltd. (b) | 7,066,585 | 18,618,559 | |
SomnoMed Ltd. (a) | 1,703,898 | 239,834 | |
TOTAL AUSTRALIA | 146,891,921 | ||
Austria - 2.3% | |||
EuroTeleSites AG | 2,412,000 | 9,060,784 | |
Mayr-Melnhof Karton AG | 232,300 | 27,815,565 | |
Strabag SE | 312,197 | 13,293,748 | |
Telekom Austria AG | 2,941,500 | 25,270,309 | |
Wienerberger AG | 880,600 | 31,538,893 | |
TOTAL AUSTRIA | 106,979,299 | ||
Belgium - 1.0% | |||
Econocom Group SA | 4,581,895 | 10,757,556 | |
Fagron NV | 1,727,100 | 33,619,259 | |
TOTAL BELGIUM | 44,376,815 | ||
Brazil - 2.0% | |||
Afya Ltd. (a) | 1,307,000 | 22,519,610 | |
Atacadao SA | 10,664,500 | 22,940,813 | |
Hypera SA (a) | 5,325,300 | 30,274,401 | |
YDUQS Participacoes SA | 5,293,500 | 14,873,506 | |
TOTAL BRAZIL | 90,608,330 | ||
Canada - 4.7% | |||
CCL Industries, Inc. Class B | 412,900 | 21,085,149 | |
Computer Modelling Group Ltd. | 3,344,863 | 26,678,238 | |
ECN Capital Corp. | 5,364,300 | 6,858,074 | |
Genesis Land Development Corp. (b) | 4,494,999 | 9,860,819 | |
Lassonde Industries, Inc. Class A (sub. vtg.) | 297,030 | 31,074,173 | |
McCoy Global, Inc. | 1,327,470 | 1,851,409 | |
North West Co., Inc. | 1,190,300 | 33,738,064 | |
Open Text Corp. | 727,396 | 25,684,611 | |
Parkland Corp. | 711,400 | 21,915,864 | |
Quebecor, Inc. Class A | 568,500 | 11,604,148 | |
Richelieu Hardware Ltd. | 303,400 | 8,562,155 | |
Total Energy Services, Inc. | 911,100 | 6,406,456 | |
VerticalScope Holdings, Inc. (a) | 677,619 | 3,859,030 | |
Western Forest Products, Inc. (b)(c) | 17,341,175 | 6,802,190 | |
TOTAL CANADA | 215,980,380 | ||
China - 3.0% | |||
Best Pacific International Holdings Ltd. | 22,158,900 | 5,854,906 | |
Chervon Holdings Ltd. | 3,345,000 | 8,123,540 | |
Far East Horizon Ltd. | 26,280,000 | 19,507,861 | |
Horizon Construction Development Ltd. | 1 | 0 | |
Impro Precision Industries Ltd. (d) | 24,717,300 | 6,546,327 | |
Precision Tsugami China Corp. Ltd. | 9,991,453 | 11,733,440 | |
Qingdao Port International Co. Ltd. (H Shares) (d) | 37,582,000 | 24,604,529 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 5,208,166 | 19,197,645 | |
Sinopharm Group Co. Ltd. (H Shares) | 6,896,400 | 17,415,907 | |
Weifu High-Technology Group Co. Ltd. (B Shares) | 7,955,075 | 11,540,993 | |
Xingda International Holdings Ltd. | 72,583,353 | 13,492,762 | |
TOTAL CHINA | 138,017,910 | ||
Denmark - 0.5% | |||
Spar Nord Bank A/S | 1,301,875 | 23,098,413 | |
Finland - 1.1% | |||
Huhtamaki Oyj | 897,100 | 34,427,569 | |
Tokmanni Group Corp. | 1,107,600 | 16,832,118 | |
TOTAL FINLAND | 51,259,687 | ||
France - 2.4% | |||
Altarea SCA (c) | 146,357 | 12,667,187 | |
Antin Infrastructure Partners SA | 405,055 | 5,187,296 | |
ARGAN SA | 313,700 | 24,706,811 | |
Elior SA (a)(d) | 820,675 | 2,263,130 | |
Lectra | 361,754 | 12,354,044 | |
Thermador Groupe SA (c) | 390,266 | 33,319,350 | |
Vallourec SA (a) | 1,038,400 | 18,024,556 | |
TOTAL FRANCE | 108,522,374 | ||
Germany - 4.7% | |||
DWS Group GmbH & Co. KGaA (d) | 238,600 | 10,093,689 | |
JOST Werke AG (d) | 437,020 | 21,127,365 | |
NORMA Group AG | 623,692 | 12,446,797 | |
Rheinmetall AG | 146,725 | 80,985,716 | |
Stabilus Se | 345,400 | 21,453,153 | |
Takkt AG | 1,395,512 | 19,420,347 | |
Talanx AG | 632,867 | 47,750,474 | |
TOTAL GERMANY | 213,277,541 | ||
Greece - 1.3% | |||
Athens International Airport SA | 2,022,300 | 17,934,630 | |
Mytilineos SA | 1,026,216 | 41,835,789 | |
TOTAL GREECE | 59,770,419 | ||
Hong Kong - 2.1% | |||
ASMPT Ltd. | 2,824,900 | 35,106,956 | |
China Metal Recycling (Holdings) Ltd. (a)(e) | 436,800 | 1 | |
HKT Trust/HKT Ltd. unit | 15,025,000 | 16,587,268 | |
Magnificent Hotel Investment Ltd. (a) | 316,412,000 | 3,126,544 | |
Pico Far East Holdings Ltd. | 61,300,071 | 12,762,475 | |
Sino Land Ltd. | 12,116,375 | 12,954,824 | |
WH Group Ltd. (d) | 21,022,000 | 15,279,633 | |
TOTAL HONG KONG | 95,817,701 | ||
Hungary - 0.8% | |||
Richter Gedeon PLC | 1,497,000 | 38,121,145 | |
India - 2.3% | |||
Embassy Office Parks (REIT) | 5,523,100 | 23,611,984 | |
IndusInd Bank Ltd. | 1,043,700 | 18,917,359 | |
Mahanagar Gas Ltd. | 1,715,800 | 29,648,153 | |
Shriram Finance Ltd. | 1,133,252 | 34,565,811 | |
TOTAL INDIA | 106,743,307 | ||
Indonesia - 0.4% | |||
PT Selamat Sempurna Tbk | 160,672,900 | 17,798,587 | |
Ireland - 1.6% | |||
AerCap Holdings NV (a) | 312,072 | 26,366,963 | |
Dalata Hotel Group PLC | 4,968,109 | 22,374,296 | |
Irish Residential Properties REIT PLC | 15,711,500 | 16,616,407 | |
Mincon Group PLC (b) | 13,529,844 | 6,786,353 | |
TOTAL IRELAND | 72,144,019 | ||
Italy - 2.6% | |||
Banca Generali SpA | 694,894 | 27,305,376 | |
BFF Bank SpA (d) | 2,405,056 | 30,928,443 | |
MARR SpA | 985,827 | 12,709,061 | |
Recordati SpA | 552,011 | 29,484,762 | |
Sesa SpA | 200,000 | 20,906,448 | |
TOTAL ITALY | 121,334,090 | ||
Japan - 18.5% | |||
Amano Corp. | 1,067,650 | 25,678,339 | |
Arcland Sakamoto Co. Ltd. | 2,194,589 | 27,015,963 | |
As One Corp. | 721,400 | 11,885,263 | |
ASKUL Corp. | 1,602,100 | 24,195,378 | |
Capcom Co. Ltd. | 1,473,000 | 24,249,174 | |
Central Automotive Products Ltd. | 573,200 | 20,982,037 | |
Dexerials Corp. | 749,000 | 28,055,022 | |
Dip Corp. | 644,700 | 10,895,541 | |
Funai Soken Holdings, Inc. | 1,230,800 | 18,620,979 | |
GMO Internet, Inc. | 1,244,800 | 20,438,549 | |
Hokuhoku Financial Group, Inc. | 1,202,200 | 14,747,322 | |
Inaba Denki Sangyo Co. Ltd. | 1,334,000 | 31,122,962 | |
Isuzu Motors Ltd. | 1,705,200 | 21,609,751 | |
Justsystems Corp. | 562,400 | 9,796,221 | |
Kamigumi Co. Ltd. | 1,459,800 | 31,525,240 | |
Kansai Electric Power Co., Inc. | 2,172,900 | 32,548,785 | |
Kyoto Financial Group, Inc. | 1,275,700 | 22,706,402 | |
Maruwa Ceramic Co. Ltd. | 133,300 | 28,090,022 | |
Meitec Group Holdings, Inc. | 1,044,700 | 19,483,668 | |
Minebea Mitsumi, Inc. | 1,128,400 | 21,135,333 | |
Mitani Shoji Co. Ltd. | 1,137,700 | 12,006,568 | |
Nishimoto Co. Ltd. | 399,700 | 14,762,677 | |
NOF Corp. | 2,317,800 | 31,095,447 | |
NSD Co. Ltd. | 1,485,700 | 29,039,463 | |
PALTAC Corp. | 945,000 | 28,602,272 | |
Park24 Co. Ltd. (a) | 808,000 | 8,701,827 | |
Persol Holdings Co. Ltd. | 12,087,700 | 16,721,031 | |
Prestige International, Inc. | 3,604,500 | 15,393,243 | |
Relo Group, Inc. | 1,449,800 | 12,602,543 | |
Renesas Electronics Corp. | 2,739,700 | 44,481,090 | |
Roland Corp. | 791,400 | 21,514,029 | |
S Foods, Inc. | 1,137,623 | 21,961,499 | |
San-Ai Obbli Co. Ltd. | 1,960,300 | 25,716,647 | |
Ship Healthcare Holdings, Inc. | 1,964,400 | 29,226,183 | |
Sumco Corp. | 1,361,600 | 20,305,974 | |
TechnoPro Holdings, Inc. | 1,400,000 | 23,846,756 | |
TIS, Inc. | 741,500 | 15,835,901 | |
TKC Corp. | 336,600 | 7,746,177 | |
Tsuruha Holdings, Inc. (c) | 374,200 | 23,620,968 | |
TOTAL JAPAN | 847,962,246 | ||
Korea (South) - 1.4% | |||
Hyundai Marine & Fire Insurance Co. Ltd. | 596,426 | 13,426,064 | |
Soulbrain Co. Ltd. | 150,600 | 32,420,865 | |
Vitzrocell Co. Ltd. (b) | 1,496,641 | 18,666,630 | |
TOTAL KOREA (SOUTH) | 64,513,559 | ||
Mexico - 3.8% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 10,327,582 | 19,400,294 | |
Genomma Lab Internacional SA de CV | 16,940,461 | 16,524,385 | |
Gruma S.A.B. de CV Series B | 2,361,077 | 46,373,216 | |
Grupo Comercial Chedraui S.A.B. de CV | 5,581,100 | 41,235,779 | |
Qualitas Controladora S.A.B. de CV | 3,895,035 | 50,935,642 | |
TOTAL MEXICO | 174,469,316 | ||
Netherlands - 1.2% | |||
Acomo NV | 915,999 | 17,068,095 | |
Arcadis NV | 443,150 | 27,500,861 | |
Van Lanschot Kempen NV (Bearer) | 283,041 | 10,073,746 | |
TOTAL NETHERLANDS | 54,642,702 | ||
Norway - 1.5% | |||
Europris ASA (d) | 4,904,600 | 30,994,547 | |
Selvaag Bolig ASA | 2,186,000 | 6,917,037 | |
Sparebanken Midt-Norge | 2,429,700 | 32,003,754 | |
TOTAL NORWAY | 69,915,338 | ||
Peru - 0.3% | |||
Intercorp Financial Services, Inc. | 683,100 | 14,563,692 | |
Philippines - 1.4% | |||
Century Pacific Food, Inc. | 64,787,600 | 42,543,482 | |
Robinsons Land Corp. | 85,329,700 | 23,019,123 | |
TOTAL PHILIPPINES | 65,562,605 | ||
Romania - 0.7% | |||
Banca Transilvania SA | 5,183,505 | 31,568,782 | |
Singapore - 1.5% | |||
Boustead Singapore Ltd. | 14,552,066 | 10,166,950 | |
HRnetgroup Ltd. | 32,187,700 | 16,850,838 | |
Mapletree Industrial (REIT) | 15,498,931 | 25,663,691 | |
The Hour Glass Ltd. | 14,188,880 | 16,497,997 | |
TOTAL SINGAPORE | 69,179,476 | ||
South Africa - 0.3% | |||
Pepkor Holdings Ltd. (d) | 15,580,200 | 14,697,549 | |
Spain - 2.8% | |||
Cie Automotive SA | 928,200 | 24,665,319 | |
Compania de Distribucion Integral Logista Holdings SA | 1,510,300 | 41,197,408 | |
Grupo Catalana Occidente SA | 798,222 | 30,922,610 | |
Prosegur Compania de Seguridad SA (Reg.) (c) | 7,627,481 | 13,496,199 | |
Viscofan Envolturas Celulosicas SA | 293,400 | 18,693,054 | |
TOTAL SPAIN | 128,974,590 | ||
Sweden - 1.7% | |||
Alligo AB (B Shares) | 900,797 | 10,593,381 | |
Granges AB | 2,166,476 | 25,733,341 | |
Haypp Group (a) | 1,232,700 | 9,642,004 | |
HEXPOL AB (B Shares) | 2,043,700 | 23,366,321 | |
Nordnet AB (c) | 427,400 | 7,725,498 | |
TOTAL SWEDEN | 77,060,545 | ||
Switzerland - 0.6% | |||
Anhui Heli Co. Ltd. (UBS AG London Branch Bank Warrant Programme) ELS Class A warrants 12/8/25 (a)(d) | 8,014,256 | 26,415,937 | |
Taiwan - 3.8% | |||
International Games Systems Co. Ltd. | 2,037,000 | 62,183,234 | |
Lumax International Corp. Ltd. | 4,537,292 | 15,120,580 | |
Sporton International, Inc. | 2,147,977 | 16,358,149 | |
Test Research, Inc. | 8,193,000 | 26,516,895 | |
Tripod Technology Corp. | 4,938,000 | 29,569,068 | |
Yageo Corp. | 922,578 | 17,566,428 | |
Yung Chi Paint & Varnish Manufacturing Co. Ltd. | 2,908,000 | 7,043,839 | |
TOTAL TAIWAN | 174,358,193 | ||
Thailand - 0.4% | |||
Star Petroleum Refining PCL (For. Reg.) | 76,469,600 | 16,346,288 | |
United Kingdom - 16.0% | |||
Alliance Pharma PLC (c) | 20,115,527 | 8,546,021 | |
Ashtead Technology Holdings PLC (b) | 6,922,000 | 70,665,477 | |
B&M European Value Retail SA | 5,048,300 | 32,739,056 | |
Bodycote PLC | 2,147,471 | 18,676,272 | |
Cranswick PLC | 490,300 | 26,405,403 | |
DCC PLC (United Kingdom) | 457,300 | 31,342,344 | |
Direct Line Insurance Group PLC | 9,160,900 | 21,268,531 | |
Grainger Trust PLC | 7,345,266 | 23,542,281 | |
Harbour Energy PLC | 4,880,094 | 17,616,895 | |
Hiscox Ltd. | 2,702,648 | 41,538,254 | |
Indivior PLC (a) | 929,200 | 16,742,801 | |
Informa PLC | 3,145,433 | 31,277,931 | |
J.D. Wetherspoon PLC (a) | 2,092,400 | 18,942,476 | |
Jet2 PLC | 1,827,500 | 32,791,816 | |
John Wood Group PLC (a) | 12,397,900 | 22,989,825 | |
Lancashire Holdings Ltd. | 2,892,700 | 22,048,897 | |
LSL Property Services PLC | 4,204,235 | 15,655,138 | |
Luxfer Holdings PLC sponsored | 1,078,259 | 10,383,634 | |
Mears Group PLC (b) | 7,803,114 | 35,296,380 | |
On The Beach Group PLC (a)(d) | 6,731,236 | 12,145,507 | |
Pets At Home Group PLC | 3,026,900 | 11,051,772 | |
Premier Foods PLC | 21,377,300 | 43,220,025 | |
Rathbone Brothers PLC | 923,400 | 18,899,809 | |
RS GROUP PLC | 2,485,053 | 22,885,309 | |
Sabre Insurance Group PLC (d) | 9,562,200 | 19,213,103 | |
Savills PLC | 2,234,400 | 30,209,381 | |
Tate & Lyle PLC | 3,640,843 | 29,980,647 | |
Vistry Group PLC | 1,896,298 | 28,386,840 | |
WH Smith PLC | 1,264,600 | 17,334,585 | |
TOTAL UNITED KINGDOM | 731,796,410 | ||
United States of America - 3.7% | |||
Adient PLC (a) | 485,600 | 14,504,872 | |
Adtalem Global Education, Inc. (a) | 581,600 | 28,858,992 | |
Antero Resources Corp. (a) | 1,002,400 | 34,091,624 | |
GCC S.A.B. de CV | 2,930,800 | 33,357,990 | |
RHI Magnesita NV | 984,391 | 44,527,657 | |
WestRock Co. | 327,700 | 15,716,492 | |
TOTAL UNITED STATES OF AMERICA | 171,057,627 | ||
TOTAL COMMON STOCKS (Cost $3,854,934,975) | 4,383,826,793 | ||
Money Market Funds - 2.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 77,252,139 | 77,267,590 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 18,459,073 | 18,460,919 | |
TOTAL MONEY MARKET FUNDS (Cost $95,728,509) | 95,728,509 | ||
TOTAL INVESTMENT IN SECURITIES - 97.7% (Cost $3,950,663,484) | 4,479,555,302 |
NET OTHER ASSETS (LIABILITIES) - 2.3% | 105,525,899 |
NET ASSETS - 100.0% | 4,585,081,201 |
ELS | - | EQUITY-LINKED SECURITY |
(a) | Non-income producing |
(b) | Affiliated company |
(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 $214,309,759 or 4.7% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 93,381,597 | 440,773,849 | 456,887,939 | 2,350,261 | 83 | - | 77,267,590 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.39% | 31,092,349 | 265,928,916 | 278,560,346 | 81,504 | - | - | 18,460,919 | 0.1% |
Total | 124,473,946 | 706,702,765 | 735,448,285 | 2,431,765 | 83 | - | 95,728,509 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Ashtead Technology Holdings PLC | 42,426,011 | - | 3,271,280 | - | 2,237,282 | 29,273,464 | 70,665,477 |
Genesis Land Development Corp. | 7,126,596 | 960,504 | - | 212,336 | - | 1,773,719 | 9,860,819 |
Mears Group PLC | 23,189,551 | 2,830,058 | 883,999 | - | (706,930) | 10,867,700 | 35,296,380 |
Mincon Group PLC | 8,303,238 | - | - | 154,089 | - | (1,516,885) | 6,786,353 |
Servcorp Ltd. | 13,569,097 | - | - | 556,748 | - | 5,049,462 | 18,618,559 |
SomnoMed Ltd. | 1,718,117 | - | 731,578 | - | (3,833,710) | 3,087,005 | - |
Ten Entertainment Group PLC | 21,267,175 | - | - | - | 17,753,663 | (7,913,930) | - |
Vitzrocell Co. Ltd. | 17,271,915 | 1,707,327 | - | 221,507 | - | (312,612) | 18,666,630 |
Western Forest Products, Inc. | 9,003,531 | - | - | - | - | (2,201,341) | 6,802,190 |
Total | 143,875,231 | 5,497,889 | 4,886,857 | 1,144,680 | 15,450,305 | 38,106,582 | 166,696,408 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 196,854,353 | 81,072,202 | 115,782,151 | - |
Consumer Discretionary | 562,599,781 | 308,128,630 | 254,471,151 | - |
Consumer Staples | 470,590,352 | 323,438,330 | 147,152,022 | - |
Energy | 164,959,564 | 122,896,629 | 42,062,935 | - |
Financials | 619,132,896 | 471,384,377 | 147,748,519 | - |
Health Care | 255,663,725 | 173,312,774 | 82,350,951 | - |
Industrials | 982,024,152 | 618,361,447 | 363,662,705 | - |
Information Technology | 426,860,825 | 96,380,897 | 330,479,928 | - |
Materials | 373,133,708 | 264,371,167 | 108,762,540 | 1 |
Real Estate | 269,810,499 | 140,175,061 | 129,635,438 | - |
Utilities | 62,196,938 | - | 62,196,938 | - |
Money Market Funds | 95,728,509 | 95,728,509 | - | - |
Total Investments in Securities: | 4,479,555,302 | 2,695,250,023 | 1,784,305,278 | 1 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $17,534,650) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,721,771,606) | $ | 4,217,130,385 | ||
Fidelity Central Funds (cost $95,728,509) | 95,728,509 | |||
Other affiliated issuers (cost $133,163,369) | 166,696,408 | |||
Total Investment in Securities (cost $3,950,663,484) | $ | 4,479,555,302 | ||
Foreign currency held at value (cost $111,024,485) | 109,295,137 | |||
Receivable for investments sold | 3,226,528 | |||
Receivable for fund shares sold | 3,382,663 | |||
Dividends receivable | 17,683,517 | |||
Reclaims receivable | 3,387,108 | |||
Distributions receivable from Fidelity Central Funds | 392,802 | |||
Prepaid expenses | 1,238 | |||
Other receivables | 9,615 | |||
Total assets | 4,616,933,910 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,703,911 | ||
Payable for fund shares redeemed | 1,727,909 | |||
Accrued management fee | 3,727,382 | |||
Distribution and service plan fees payable | 45,483 | |||
Deferred taxes | 4,987,687 | |||
Other payables and accrued expenses | 203,512 | |||
Collateral on securities loaned | 18,456,825 | |||
Total liabilities | 31,852,709 | |||
Net Assets | $ | 4,585,081,201 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,163,363,906 | ||
Total accumulated earnings (loss) | 421,717,295 | |||
Net Assets | $ | 4,585,081,201 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($126,815,661 ÷ 4,106,769 shares)(a) | $ | 30.88 | ||
Maximum offering price per share (100/94.25 of $30.88) | $ | 32.76 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,430,627 ÷ 566,912 shares)(a) | $ | 30.75 | ||
Maximum offering price per share (100/96.50 of $30.75) | $ | 31.87 | ||
Class C : | ||||
Net Asset Value and offering price per share ($13,628,633 ÷ 460,507 shares)(a) | $ | 29.59 | ||
International Small Cap : | ||||
Net Asset Value, offering price and redemption price per share ($1,555,431,975 ÷ 49,267,565 shares) | $ | 31.57 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($1,221,492,008 ÷ 38,420,690 shares) | $ | 31.79 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,650,282,297 ÷ 51,966,571 shares) | $ | 31.76 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends (including $1,144,680 earned from affiliated issuers) | $ | 59,105,470 | ||
Income from Fidelity Central Funds (including $81,504 from security lending) | 2,431,765 | |||
Income before foreign taxes withheld | $ | 61,537,235 | ||
Less foreign taxes withheld | (5,403,622) | |||
Total income | 56,133,613 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 18,000,415 | ||
Performance adjustment | 2,739,401 | |||
Transfer agent fees | 1,792,476 | |||
Distribution and service plan fees | 269,067 | |||
Accounting fees | 534,270 | |||
Custodian fees and expenses | 252,708 | |||
Independent trustees' fees and expenses | 10,362 | |||
Registration fees | 157,601 | |||
Audit | 56,922 | |||
Legal | 2,201 | |||
Miscellaneous | 7,593 | |||
Total expenses before reductions | 23,823,016 | |||
Expense reductions | (191,738) | |||
Total expenses after reductions | 23,631,278 | |||
Net Investment income (loss) | 32,502,335 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (1,516,422) | |||
Fidelity Central Funds | 83 | |||
Other affiliated issuers | 15,450,305 | |||
Foreign currency transactions | (1,084,686) | |||
Total net realized gain (loss) | 12,849,280 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $2,816,103) | 553,815,299 | |||
Affiliated issuers | 38,106,582 | |||
Assets and liabilities in foreign currencies | (524,492) | |||
Total change in net unrealized appreciation (depreciation) | 591,397,389 | |||
Net gain (loss) | 604,246,669 | |||
Net increase (decrease) in net assets resulting from operations | $ | 636,749,004 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 32,502,335 | $ | 65,046,236 |
Net realized gain (loss) | 12,849,280 | (49,505,968) | ||
Change in net unrealized appreciation (depreciation) | 591,397,389 | 332,949,836 | ||
Net increase (decrease) in net assets resulting from operations | 636,749,004 | 348,490,104 | ||
Distributions to shareholders | (81,035,424) | (22,796,062) | ||
Share transactions - net increase (decrease) | 373,974,743 | 398,485,883 | ||
Total increase (decrease) in net assets | 929,688,323 | 724,179,925 | ||
Net Assets | ||||
Beginning of period | 3,655,392,878 | 2,931,212,953 | ||
End of period | $ | 4,585,081,201 | $ | 3,655,392,878 |
Fidelity Advisor® International Small Cap Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.84 | $ | 23.88 | $ | 34.31 | $ | 24.75 | $ | 26.32 | $ | 25.78 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .18 | .44 | .58 | .31 | .27 | .49 | ||||||
Net realized and unrealized gain (loss) | 4.37 | 2.63 | (8.74) | 9.42 | (1.26) | 1.43 | ||||||
Total from investment operations | 4.55 | 3.07 | (8.16) | 9.73 | (.99) | 1.92 | ||||||
Distributions from net investment income | (.51) | (.11) | (.75) | (.17) | (.44) | (.38) | ||||||
Distributions from net realized gain | - | - | (1.52) | - | (.14) | (1.00) | ||||||
Total distributions | (.51) | (.11) | (2.27) | (.17) | (.58) | (1.38) | ||||||
Net asset value, end of period | $ | 30.88 | $ | 26.84 | $ | 23.88 | $ | 34.31 | $ | 24.75 | $ | 26.32 |
Total Return C,D,E | 17.07 % | 12.87% | (25.19)% | 39.43% | (3.91)% | 8.00% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.39% H | 1.43% | 1.29% | 1.29% | 1.36% | 1.47% | ||||||
Expenses net of fee waivers, if any | 1.38 % H | 1.43% | 1.29% | 1.29% | 1.36% | 1.47% | ||||||
Expenses net of all reductions | 1.38% H | 1.43% | 1.29% | 1.29% | 1.35% | 1.46% | ||||||
Net investment income (loss) | 1.21% H | 1.56% | 2.06% | .95% | 1.09% | 1.94% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 126,816 | $ | 108,866 | $ | 95,906 | $ | 136,131 | $ | 92,044 | $ | 105,786 |
Portfolio turnover rate I | 13 % H | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.69 | $ | 23.73 | $ | 34.12 | $ | 24.62 | $ | 26.18 | $ | 25.62 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .36 | .50 | .22 | .19 | .41 | ||||||
Net realized and unrealized gain (loss) | 4.35 | 2.64 | (8.70) | 9.38 | (1.25) | 1.43 | ||||||
Total from investment operations | 4.49 | 3.00 | (8.20) | 9.60 | (1.06) | 1.84 | ||||||
Distributions from net investment income | (.43) | (.04) | (.66) | (.10) | (.36) | (.27) | ||||||
Distributions from net realized gain | - | - | (1.52) | - | (.14) | (1.00) | ||||||
Total distributions | (.43) | (.04) | (2.19) C | (.10) | (.50) | (1.28) C | ||||||
Net asset value, end of period | $ | 30.75 | $ | 26.69 | $ | 23.73 | $ | 34.12 | $ | 24.62 | $ | 26.18 |
Total Return D,E,F | 16.90 % | 12.62% | (25.43)% | 39.07% | (4.19)% | 7.65% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.65% I | 1.71% | 1.57% | 1.57% | 1.67% | 1.78% | ||||||
Expenses net of fee waivers, if any | 1.64 % I | 1.70% | 1.56% | 1.57% | 1.67% | 1.78% | ||||||
Expenses net of all reductions | 1.64% I | 1.70% | 1.56% | 1.57% | 1.65% | 1.77% | ||||||
Net investment income (loss) | .96% I | 1.29% | 1.79% | .68% | .78% | 1.62% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,431 | $ | 15,515 | $ | 13,761 | $ | 19,926 | $ | 12,492 | $ | 16,013 |
Portfolio turnover rate J | 13 % I | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.64 | $ | 22.88 | $ | 32.93 | $ | 23.80 | $ | 25.27 | $ | 24.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .21 | .35 | .06 | .08 | .28 | ||||||
Net realized and unrealized gain (loss) | 4.17 | 2.55 | (8.40) | 9.07 | (1.23) | 1.39 | ||||||
Total from investment operations | 4.24 | 2.76 | (8.05) | 9.13 | (1.15) | 1.67 | ||||||
Distributions from net investment income | (.29) | - | (.48) | - | (.18) | (.17) | ||||||
Distributions from net realized gain | - | - | (1.52) | - | (.14) | (1.00) | ||||||
Total distributions | (.29) | - | (2.00) | - | (.32) | (1.17) | ||||||
Net asset value, end of period | $ | 29.59 | $ | 25.64 | $ | 22.88 | $ | 32.93 | $ | 23.80 | $ | 25.27 |
Total Return C,D,E | 16.58 % | 12.06% | (25.77)% | 38.36% | (4.65)% | 7.17% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 2.14% H | 2.20% | 2.06% | 2.05% | 2.13% | 2.24% | ||||||
Expenses net of fee waivers, if any | 2.13 % H | 2.19% | 2.05% | 2.05% | 2.13% | 2.24% | ||||||
Expenses net of all reductions | 2.13% H | 2.19% | 2.05% | 2.05% | 2.11% | 2.23% | ||||||
Net investment income (loss) | .46% H | .80% | 1.30% | .19% | .32% | 1.16% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 13,629 | $ | 12,603 | $ | 13,556 | $ | 21,683 | $ | 17,659 | $ | 23,937 |
Portfolio turnover rate I | 13 % H | 10% | 17% | 28% | 43% | 28% |
Fidelity® International Small Cap Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.46 | $ | 24.43 | $ | 35.05 | $ | 25.28 | $ | 26.86 | $ | 26.29 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .23 | .52 | .67 | .41 | .34 | .57 | ||||||
Net realized and unrealized gain (loss) | 4.47 | 2.70 | (8.94) | 9.61 | (1.27) | 1.45 | ||||||
Total from investment operations | 4.70 | 3.22 | (8.27) | 10.02 | (.93) | 2.02 | ||||||
Distributions from net investment income | (.59) | (.19) | (.83) | (.25) | (.51) | (.45) | ||||||
Distributions from net realized gain | - | - | (1.52) | - | (.14) | (1.00) | ||||||
Total distributions | (.59) | (.19) | (2.35) | (.25) | (.65) | (1.45) | ||||||
Net asset value, end of period | $ | 31.57 | $ | 27.46 | $ | 24.43 | $ | 35.05 | $ | 25.28 | $ | 26.86 |
Total Return C,D | 17.22 % | 13.19% | (25.01)% | 39.83% | (3.61)% | 8.27% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.12% G | 1.17% | 1.02% | 1.01% | 1.08% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.11 % G | 1.16% | 1.02% | 1.01% | 1.08% | 1.19% | ||||||
Expenses net of all reductions | 1.11% G | 1.16% | 1.02% | 1.01% | 1.07% | 1.18% | ||||||
Net investment income (loss) | 1.48% G | 1.83% | 2.33% | 1.23% | 1.37% | 2.22% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,555,432 | $ | 1,342,755 | $ | 1,145,773 | $ | 1,534,214 | $ | 1,122,746 | $ | 1,282,412 |
Portfolio turnover rate H | 13 % G | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.66 | $ | 24.60 | $ | 35.27 | $ | 25.44 | $ | 27.03 | $ | 26.45 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .23 | .53 | .68 | .41 | .35 | .58 | ||||||
Net realized and unrealized gain (loss) | 4.49 | 2.71 | (8.99) | 9.67 | (1.28) | 1.46 | ||||||
Total from investment operations | 4.72 | 3.24 | (8.31) | 10.08 | (.93) | 2.04 | ||||||
Distributions from net investment income | (.59) | (.18) | (.84) | (.25) | (.52) | (.46) | ||||||
Distributions from net realized gain | - | - | (1.52) | - | (.14) | (1.00) | ||||||
Total distributions | (.59) | (.18) | (2.36) | (.25) | (.66) | (1.46) | ||||||
Net asset value, end of period | $ | 31.79 | $ | 27.66 | $ | 24.60 | $ | 35.27 | $ | 25.44 | $ | 27.03 |
Total Return C,D | 17.20 % | 13.20% | (24.98)% | 39.80% | (3.62)% | 8.28% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.14% G | 1.16% | 1.02% | 1.02% | 1.08% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.13 % G | 1.15% | 1.01% | 1.02% | 1.08% | 1.18% | ||||||
Expenses net of all reductions | 1.13% G | 1.15% | 1.01% | 1.02% | 1.06% | 1.18% | ||||||
Net investment income (loss) | 1.46% G | 1.84% | 2.34% | 1.22% | 1.38% | 2.22% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,221,492 | $ | 924,094 | $ | 696,515 | $ | 1,080,258 | $ | 605,100 | $ | 777,771 |
Portfolio turnover rate H | 13 % G | 10% | 17% | 28% | 43% | 28% |
Fidelity Advisor® International Small Cap Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.65 | $ | 24.59 | $ | 35.26 | $ | 25.43 | $ | 27.03 | $ | 26.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .25 | .56 | .70 | .45 | .38 | .61 | ||||||
Net realized and unrealized gain (loss) | 4.49 | 2.72 | (8.97) | 9.67 | (1.28) | 1.47 | ||||||
Total from investment operations | 4.74 | 3.28 | (8.27) | 10.12 | (.90) | 2.08 | ||||||
Distributions from net investment income | (.63) | (.22) | (.88) | (.29) | (.56) | (.50) | ||||||
Distributions from net realized gain | - | - | (1.52) | - | (.14) | (1.00) | ||||||
Total distributions | (.63) | (.22) | (2.40) | (.29) | (.70) | (1.51) C | ||||||
Net asset value, end of period | $ | 31.76 | $ | 27.65 | $ | 24.59 | $ | 35.26 | $ | 25.43 | $ | 27.03 |
Total Return D,E | 17.27 % | 13.38% | (24.89)% | 39.99% | (3.51)% | 8.44% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.02% H | 1.03% | .89% | .89% | .94% | 1.05% | ||||||
Expenses net of fee waivers, if any | 1.01 % H | 1.03% | .89% | .89% | .94% | 1.05% | ||||||
Expenses net of all reductions | 1.01% H | 1.03% | .89% | .89% | .93% | 1.04% | ||||||
Net investment income (loss) | 1.59% H | 1.96% | 2.47% | 1.35% | 1.51% | 2.35% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,650,282 | $ | 1,251,559 | $ | 965,701 | $ | 739,757 | $ | 275,127 | $ | 245,252 |
Portfolio turnover rate I | 13 % 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 | $962,166,396 |
Gross unrealized depreciation | (475,415,761) |
Net unrealized appreciation (depreciation) | $486,750,635 |
Tax cost | $3,992,804,667 |
Short-term | $(51,144,509) |
Long-term | (43,090,240) |
Total capital loss carryforward | $(94,234,749) |
Purchases ($) | Sales ($) | |
Fidelity International Small Cap Fund | 606,881,550 | 270,408,456 |
Maximum Management Fee Rate % | |
Class A | 1.02 |
Class M | 1.02 |
Class C | 1.02 |
International Small Cap | 1.00 |
Class I | 1.00 |
Class Z | .87 |
Total Management Fee Rate % | |
Class A | .91 |
Class M | .91 |
Class C | .91 |
International Small Cap | .87 |
Class I | .91 |
Class Z | .79 |
Performance Adjustment Index | |
Fidelity International Small Cap Fund | MSCI ACWI (All Country World Index) ex USA Small Cap Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 156,690 | 2,452 |
Class M | .25% | .25% | 43,072 | 190 |
Class C | .75% | .25% | 69,305 | 5,625 |
269,067 | 8,267 |
Retained by FDC ($) | |
Class A | 11,428 |
Class M | 636 |
Class CA | 15 |
12,079 |
% 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% |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 77,950 | .19 |
Class M | 11,353 | .20 |
Class C | 9,182 | .20 |
International Small Cap | 861,865 | .18 |
Class I | 626,562 | .17 |
Class Z | 205,564 | .04 |
1,792,476 |
% of Average Net Assets | |
Fidelity International Small Cap Fund | 0.0385% |
% of Average Net Assets | |
Fidelity International Small Cap Fund | .04 |
Amount ($) | |
Fidelity International Small Cap Fund | 253 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Small Cap Fund | 24,977,234 | 4,842,097 | (2,947,619) |
Amount ($) | |
Fidelity International Small Cap Fund | 3,871 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Small Cap Fund | 8,846 | - | - |
Expense reduction ($) | |
Class M | 35 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Small Cap Fund | ||
Distributions to shareholders | ||
Class A | $2,098,372 | $440,641 |
Class M | 241,727 | 19,955 |
Class C | 139,497 | - |
International Small Cap | 27,992,078 | 8,831,165 |
Class I | 20,805,567 | 5,018,235 |
Class Z | 29,758,183 | 8,486,066 |
Total | $ 81,035,424 | $ 22,796,062 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Small Cap Fund | ||||
Class A | ||||
Shares sold | 475,989 | 918,692 | $14,155,361 | $25,838,409 |
Reinvestment of distributions | 71,368 | 16,707 | 2,084,465 | 437,544 |
Shares redeemed | (495,980) | (896,876) | (14,948,476) | (25,017,177) |
Net increase (decrease) | 51,377 | 38,523 | $1,291,350 | $1,258,776 |
Class M | ||||
Shares sold | 40,481 | 114,850 | $1,216,745 | $3,220,186 |
Reinvestment of distributions | 8,280 | 763 | 241,156 | 19,926 |
Shares redeemed | (63,199) | (114,079) | (1,886,135) | (3,149,104) |
Net increase (decrease) | (14,438) | 1,534 | $(428,234) | $91,008 |
Class C | ||||
Shares sold | 29,733 | 51,153 | $860,014 | $1,355,166 |
Reinvestment of distributions | 4,960 | - | 139,376 | - |
Shares redeemed | (65,750) | (152,016) | (1,910,359) | (4,049,390) |
Net increase (decrease) | (31,057) | (100,863) | $(910,969) | $(2,694,224) |
International Small Cap | ||||
Shares sold | 5,547,404 | 12,448,015 | $171,269,742 | $353,729,600 |
Reinvestment of distributions | 843,925 | 303,022 | 25,168,669 | 8,099,784 |
Shares redeemed | (6,014,007) | (10,758,826) | (183,224,262) | (307,464,961) |
Net increase (decrease) | 377,322 | 1,992,211 | $13,214,149 | $54,364,423 |
Class I | ||||
Shares sold | 8,296,860 | 14,669,013 | $256,508,490 | $422,708,769 |
Reinvestment of distributions | 673,230 | 178,126 | 20,225,978 | 4,795,157 |
Shares redeemed | (3,955,506) | (9,758,006) | (122,542,369) | (275,755,333) |
Net increase (decrease) | 5,014,584 | 5,089,133 | $154,192,099 | $151,748,593 |
Class Z | ||||
Shares sold | 10,006,119 | 18,575,488 | $310,120,312 | $542,508,039 |
Reinvestment of distributions | 663,553 | 206,606 | 19,900,821 | 5,553,574 |
Shares redeemed | (3,973,592) | (12,784,069) | (123,404,785) | (354,344,306) |
Net increase (decrease) | 6,696,080 | 5,998,025 | $206,616,348 | $193,717,307 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Small Cap Fund | ||||||||||
Class A ** | 1.38% | |||||||||
Actual | $ 1,000 | $ 1,170.70 | $ 7.45 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.00 | $ 6.92 | |||||||
Class M ** | 1.64% | |||||||||
Actual | $ 1,000 | $ 1,169.00 | $ 8.84 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.71 | $ 8.22 | |||||||
Class C | 2.13% | |||||||||
Actual | $ 1,000 | $ 1,165.80 | $ 11.47 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.27 | $ 10.67 | |||||||
Fidelity® International Small Cap Fund ** | 1.11% | |||||||||
Actual | $ 1,000 | $ 1,172.20 | $ 5.99 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.34 | $ 5.57 | |||||||
Class I ** | 1.13% | |||||||||
Actual | $ 1,000 | $ 1,172.00 | $ 6.10 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.24 | $ 5.67 | |||||||
Class Z ** | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,172.70 | $ 5.46 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.84 | $ 5.07 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® International Small Cap Fund | ||||||
Class A | 1.30% | |||||
Actual | $ 7.02 | |||||
Hypothetical- B | $ 6.52 | |||||
Class M | 1.55% | |||||
Actual | $ 8.36 | |||||
Hypothetical- B | $ 7.77 | |||||
Fidelity® International Small Cap Fund | 1.01% | |||||
Actual | $ 5.46 | |||||
Hypothetical- B | $ 5.07 | |||||
Class I | 1.05% | |||||
Actual | $ 5.67 | |||||
Hypothetical- B | $ 5.27 | |||||
Class Z | .93% | |||||
Actual | $ 5.02 | |||||
Hypothetical- B | $ 4.67 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 9.0 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 6.3 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.7 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.3 | |
Reliance Industries Ltd. GDR (India, Oil, Gas & Consumable Fuels) | 2.4 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 2.0 | |
Grupo Financiero Banorte S.A.B. de CV Series O (Mexico, Banks) | 1.9 | |
HDFC Bank Ltd. | 1.7 | |
Bharti Airtel Ltd. (India, Wireless Telecommunication Services) | 1.6 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.6 | |
35.5 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 23.1 | |
Financials | 23.1 | |
Consumer Discretionary | 15.8 | |
Communication Services | 10.9 | |
Industrials | 5.8 | |
Materials | 3.9 | |
Consumer Staples | 3.8 | |
Health Care | 3.5 | |
Energy | 3.2 | |
Real Estate | 1.1 | |
Utilities | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Futures - 1.0% |
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 - 93.9% | |||
Shares | Value ($) | ||
Brazil - 4.7% | |||
Banco BTG Pactual SA unit | 6,019 | 38,716 | |
Banco do Brasil SA | 6,642 | 35,074 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 22,159 | 15,747 | |
Localiza Rent a Car SA | 2,035 | 19,215 | |
Lojas Renner SA | 7,812 | 23,063 | |
Nu Holdings Ltd. (a) | 5,709 | 62,000 | |
Raia Drogasil SA | 4,660 | 22,956 | |
Suzano SA | 888 | 9,997 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 21,935 | 30,035 | |
TOTAL BRAZIL | 256,803 | ||
China - 27.9% | |||
Airtac International Group | 1,019 | 36,014 | |
Alibaba Group Holding Ltd. | 19,497 | 182,552 | |
Anta Sports Products Ltd. | 4,976 | 56,333 | |
Baidu, Inc. sponsored ADR (a) | 137 | 14,166 | |
BYD Co. Ltd. (H Shares) | 2,127 | 58,307 | |
China Construction Bank Corp. (H Shares) | 110,729 | 71,641 | |
China Life Insurance Co. Ltd. (H Shares) | 24,016 | 31,627 | |
China Merchants Bank Co. Ltd. (H Shares) | 10,608 | 45,942 | |
Flat Glass Group Co. Ltd. | 6,858 | 16,519 | |
Haier Smart Home Co. Ltd. | 4,519 | 16,738 | |
Innovent Biologics, Inc. (a)(b) | 4,977 | 24,093 | |
JD.com, Inc. sponsored ADR | 1,081 | 31,230 | |
Kuaishou Technology Class B (a)(b) | 1,918 | 13,447 | |
Kweichow Moutai Co. Ltd. (A Shares) | 136 | 31,887 | |
Li Auto, Inc. ADR (a) | 567 | 14,901 | |
Li Ning Co. Ltd. | 4,232 | 11,079 | |
Meituan Class B (a)(b) | 6,447 | 88,031 | |
NetEase, Inc. ADR | 336 | 31,406 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 890 | 68,619 | |
PDD Holdings, Inc. ADR (a) | 584 | 73,105 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 8,922 | 40,435 | |
Qingdao Port International Co. Ltd. (H Shares) (b) | 18,173 | 11,898 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 1,303 | 54,713 | |
Sinotruk Hong Kong Ltd. | 25,412 | 63,243 | |
Tencent Holdings Ltd. | 7,085 | 310,912 | |
Trip.com Group Ltd. ADR (a) | 568 | 27,412 | |
Zhongji Innolight Co. Ltd. (A Shares) | 1,169 | 29,467 | |
Zijin Mining Group Co. Ltd. (H Shares) | 33,112 | 72,233 | |
TOTAL CHINA | 1,527,950 | ||
Greece - 0.5% | |||
Athens International Airport SA | 600 | 5,321 | |
OPAP SA | 1,472 | 24,522 | |
TOTAL GREECE | 29,843 | ||
Hungary - 1.7% | |||
OTP Bank PLC | 953 | 47,289 | |
Richter Gedeon PLC | 1,698 | 43,240 | |
TOTAL HUNGARY | 90,529 | ||
India - 13.5% | |||
Axis Bank Ltd. | 4,138 | 57,742 | |
Bharti Airtel Ltd. | 5,633 | 89,138 | |
Computer Age Management Services Private Ltd. | 756 | 28,968 | |
HDFC Bank Ltd. | 3,437 | 62,400 | |
HDFC Bank Ltd. sponsored ADR | 540 | 31,104 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 4,036 | 28,163 | |
ICICI Bank Ltd. | 3,686 | 50,775 | |
Infosys Ltd. sponsored ADR | 1,212 | 20,253 | |
Larsen & Toubro Ltd. | 1,361 | 58,487 | |
Mankind Pharma Ltd. | 877 | 24,786 | |
NTPC Ltd. | 7,794 | 33,863 | |
Reliance Industries Ltd. | 1,457 | 51,132 | |
Reliance Industries Ltd. GDR (b) | 1,103 | 77,982 | |
SRF Ltd. | 422 | 13,215 | |
Tata Consultancy Services Ltd. | 348 | 15,878 | |
Tata Steel Ltd. | 7,998 | 15,761 | |
Ultratech Cement Ltd. | 163 | 19,435 | |
Zomato Ltd. (a) | 25,296 | 58,365 | |
TOTAL INDIA | 737,447 | ||
Indonesia - 2.5% | |||
PT Bank Central Asia Tbk | 137,509 | 82,682 | |
PT Bank Mandiri (Persero) Tbk | 58,173 | 24,588 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 24,259 | 7,343 | |
PT Telkom Indonesia Persero Tbk | 102,012 | 19,776 | |
TOTAL INDONESIA | 134,389 | ||
Korea (South) - 13.8% | |||
AMOREPACIFIC Corp. | 347 | 42,176 | |
BGF Retail Co. Ltd. | 91 | 8,555 | |
Hana Financial Group, Inc. | 223 | 9,379 | |
Hyundai Motor Co. Ltd. | 332 | 59,552 | |
JYP Entertainment Corp. | 75 | 3,577 | |
KB Financial Group, Inc. | 575 | 31,099 | |
Kia Corp. | 238 | 20,108 | |
LG Corp. | 84 | 4,779 | |
NAVER Corp. | 328 | 43,142 | |
Samsung Biologics Co. Ltd. (a)(b) | 49 | 27,464 | |
Samsung Electronics Co. Ltd. | 6,250 | 346,444 | |
Samsung Fire & Marine Insurance Co. Ltd. | 72 | 16,070 | |
SK Hynix, Inc. | 881 | 108,416 | |
SK Square Co. Ltd. (a) | 570 | 31,230 | |
TOTAL KOREA (SOUTH) | 751,991 | ||
Mexico - 4.1% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 1,100 | 39,061 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 116 | 13,649 | |
Grupo Aeroportuario Norte S.A.B. de CV | 1,295 | 14,337 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 10,304 | 101,983 | |
Wal-Mart de Mexico SA de CV Series V | 15,091 | 56,309 | |
TOTAL MEXICO | 225,339 | ||
Peru - 1.0% | |||
Credicorp Ltd. (United States) | 321 | 53,161 | |
Philippines - 0.4% | |||
Ayala Land, Inc. | 42,913 | 21,291 | |
Poland - 0.9% | |||
Powszechna Kasa Oszczednosci Bank SA | 3,202 | 47,915 | |
Saudi Arabia - 1.7% | |||
Al Rajhi Bank | 1,428 | 30,421 | |
Alinma Bank | 2,205 | 19,607 | |
The Saudi National Bank | 4,503 | 45,143 | |
TOTAL SAUDI ARABIA | 95,171 | ||
Singapore - 0.7% | |||
Sea Ltd. ADR (a) | 643 | 40,631 | |
South Africa - 4.6% | |||
Absa Group Ltd. | 890 | 6,863 | |
Bid Corp. Ltd. | 647 | 14,747 | |
Capitec Bank Holdings Ltd. | 357 | 44,183 | |
FirstRand Ltd. | 5,814 | 20,071 | |
Gold Fields Ltd. sponsored ADR | 1,231 | 19,905 | |
Impala Platinum Holdings Ltd. | 5,068 | 22,560 | |
MTN Group Ltd. | 6,757 | 32,385 | |
Naspers Ltd. Class N | 188 | 35,979 | |
Pepkor Holdings Ltd. (b) | 15,017 | 14,166 | |
Shoprite Holdings Ltd. | 1,490 | 19,880 | |
Standard Bank Group Ltd. | 2,085 | 19,580 | |
TOTAL SOUTH AFRICA | 250,319 | ||
Taiwan - 14.3% | |||
Alchip Technologies Ltd. | 462 | 43,496 | |
Chailease Holding Co. Ltd. | 7,759 | 40,850 | |
E.SUN Financial Holdings Co. Ltd. | 15,067 | 12,638 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 9,457 | 44,939 | |
MediaTek, Inc. | 2,116 | 63,686 | |
Quanta Computer, Inc. | 2,212 | 17,329 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 3,576 | 491,127 | |
Unimicron Technology Corp. | 3,278 | 18,095 | |
Wiwynn Corp. | 151 | 10,723 | |
Yageo Corp. | 2,144 | 40,823 | |
TOTAL TAIWAN | 783,706 | ||
Thailand - 0.9% | |||
PTT Exploration and Production PCL (For. Reg.) | 11,402 | 47,570 | |
United Kingdom - 0.7% | |||
AngloGold Ashanti PLC | 1,699 | 39,060 | |
TOTAL COMMON STOCKS (Cost $4,617,254) | 5,133,115 | ||
Nonconvertible Preferred Stocks - 0.9% | |||
Shares | Value ($) | ||
Brazil - 0.9% | |||
Itau Unibanco Holding SA (Cost $42,386) | 8,190 | 49,462 | |
Money Market Funds - 4.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) (Cost $246,600) | 246,551 | 246,600 | |
TOTAL INVESTMENT IN SECURITIES - 99.3% (Cost $4,906,240) | 5,429,177 |
NET OTHER ASSETS (LIABILITIES) - 0.7% | 37,481 |
NET ASSETS - 100.0% | 5,466,658 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 1 | Jun 2024 | 52,100 | 1,061 | 1,061 |
The notional amount of futures purchased as a percentage of Net Assets is 1.0% |
(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 $300,991 or 5.5% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 151,488 | 1,328,192 | 1,233,080 | 8,831 | - | - | 246,600 | 0.0% |
Total | 151,488 | 1,328,192 | 1,233,080 | 8,831 | - | - | 246,600 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 598,580 | 86,203 | 512,377 | - |
Consumer Discretionary | 864,062 | 262,852 | 601,210 | - |
Consumer Staples | 210,159 | 92,914 | 117,245 | - |
Energy | 176,684 | 77,982 | 98,702 | - |
Financials | 1,265,946 | 561,875 | 704,071 | - |
Health Care | 190,043 | 58,987 | 131,056 | - |
Industrials | 303,527 | 68,908 | 234,619 | - |
Information Technology | 1,267,195 | 511,380 | 755,815 | - |
Materials | 212,166 | 68,962 | 143,204 | - |
Real Estate | 60,352 | 39,061 | 21,291 | - |
Utilities | 33,863 | - | 33,863 | - |
Money Market Funds | 246,600 | 246,600 | - | - |
Total Investments in Securities: | 5,429,177 | 2,075,724 | 3,353,453 | - |
Derivative Instruments: Assets | ||||
Futures Contracts | 1,061 | 1,061 | - | - |
Total Assets | 1,061 | 1,061 | - | - |
Total Derivative Instruments: | 1,061 | 1,061 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,061 | 0 |
Total Equity Risk | 1,061 | 0 |
Total Value of Derivatives | 1,061 | 0 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,659,640) | $ | 5,182,577 | ||
Fidelity Central Funds (cost $246,600) | 246,600 | |||
Total Investment in Securities (cost $4,906,240) | $ | 5,429,177 | ||
Segregated cash with brokers for derivative instruments | 1,526 | |||
Cash | 17,462 | |||
Foreign currency held at value (cost $12,557) | 12,555 | |||
Receivable for investments sold | 60,208 | |||
Receivable for fund shares sold | 26,118 | |||
Dividends receivable | 5,341 | |||
Distributions receivable from Fidelity Central Funds | 1,342 | |||
Prepaid expenses | 2 | |||
Receivable from investment adviser for expense reductions | 7,567 | |||
Total assets | 5,561,298 | |||
Liabilities | ||||
Payable for investments purchased | $ | 27,904 | ||
Payable for fund shares redeemed | 2,466 | |||
Accrued management fee | 4,162 | |||
Distribution and service plan fees payable | 329 | |||
Payable for daily variation margin on futures contracts | 715 | |||
Deferred taxes | 15,777 | |||
Audit fee payable | 34,886 | |||
Custody fee payable | 8,261 | |||
Other payables and accrued expenses | 140 | |||
Total liabilities | 94,640 | |||
Net Assets | $ | 5,466,658 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,759,276 | ||
Total accumulated earnings (loss) | (292,618) | |||
Net Assets | $ | 5,466,658 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($280,244 ÷ 33,314 shares)(a) | $ | 8.41 | ||
Maximum offering price per share (100/94.25 of $8.41) | $ | 8.92 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($225,227 ÷ 26,784 shares)(a) | $ | 8.41 | ||
Maximum offering price per share (100/96.50 of $8.41) | $ | 8.72 | ||
Class C : | ||||
Net Asset Value and offering price per share ($214,206 ÷ 25,568 shares)(a) | $ | 8.38 | ||
Fidelity Sustainable Emerging Markets Equity Fund : | ||||
Net Asset Value, offering price and redemption price per share ($4,049,720 ÷ 480,747 shares) | $ | 8.42 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($226,553 ÷ 26,898 shares) | $ | 8.42 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($470,708 ÷ 55,709 shares) | $ | 8.45 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 45,847 | ||
Income from Fidelity Central Funds | 8,831 | |||
Income before foreign taxes withheld | $ | 54,678 | ||
Less foreign taxes withheld | (5,684) | |||
Total income | 48,994 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 20,414 | ||
Performance adjustment | 68 | |||
Transfer agent fees | 2,956 | |||
Distribution and service plan fees | 1,887 | |||
Accounting fees and expenses | 786 | |||
Custodian fees and expenses | 13,045 | |||
Independent trustees' fees and expenses | 12 | |||
Registration fees | 76,889 | |||
Audit | 43,415 | |||
Legal | 2 | |||
Miscellaneous | 9 | |||
Total expenses before reductions | 159,483 | |||
Expense reductions | (127,506) | |||
Total expenses after reductions | 31,977 | |||
Net Investment income (loss) | 17,017 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $5,485) | 41,752 | |||
Foreign currency transactions | (1,635) | |||
Futures contracts | (2,290) | |||
Total net realized gain (loss) | 37,827 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $11,106) | 631,913 | |||
Assets and liabilities in foreign currencies | (148) | |||
Futures contracts | 1,228 | |||
Total change in net unrealized appreciation (depreciation) | 632,993 | |||
Net gain (loss) | 670,820 | |||
Net increase (decrease) in net assets resulting from operations | $ | 687,837 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 17,017 | $ | 55,252 |
Net realized gain (loss) | 37,827 | (415,154) | ||
Change in net unrealized appreciation (depreciation) | 632,993 | 636,341 | ||
Net increase (decrease) in net assets resulting from operations | 687,837 | 276,439 | ||
Distributions to shareholders | (77,705) | (23,630) | ||
Share transactions - net increase (decrease) | 725,020 | 866,372 | ||
Total increase (decrease) in net assets | 1,335,152 | 1,119,181 | ||
Net Assets | ||||
Beginning of period | 4,131,506 | 3,012,325 | ||
End of period | $ | 5,466,658 | $ | 4,131,506 |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.36 | $ | 6.55 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .02 | .08 | .03 | |||
Net realized and unrealized gain (loss) | 1.15 | .77 | (3.48) | |||
Total from investment operations | 1.17 | .85 | (3.45) | |||
Distributions from net investment income | (.12) | (.04) | - | |||
Total distributions | (.12) | (.04) | - | |||
Net asset value, end of period | $ | 8.41 | $ | 7.36 | $ | 6.55 |
Total Return D,E,F | 16.06 % | 12.93% | (34.50)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 6.68% I | 6.44% | 8.77% I,J | |||
Expenses net of fee waivers, if any | 1.49 % I | 1.49% | 1.57% I | |||
Expenses net of all reductions | 1.48% I | 1.48% | 1.56% I | |||
Net investment income (loss) | .50% I | 1.06% | .51% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 280 | $ | 224 | $ | 164 |
Portfolio turnover rate K | 97 % I | 119% | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.35 | $ | 6.54 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .01 | .06 | .01 | |||
Net realized and unrealized gain (loss) | 1.15 | .77 | (3.47) | |||
Total from investment operations | 1.16 | .83 | (3.46) | |||
Distributions from net investment income | (.10) | (.02) | - | |||
Total distributions | (.10) | (.02) | - | |||
Net asset value, end of period | $ | 8.41 | $ | 7.35 | $ | 6.54 |
Total Return D,E,F | 15.94 % | 12.65% | (34.60)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 6.84% I | 6.57% | 9.01% I,J | |||
Expenses net of fee waivers, if any | 1.74 % I | 1.74% | 1.82% I | |||
Expenses net of all reductions | 1.73% I | 1.73% | 1.82% I | |||
Net investment income (loss) | .25% I | .81% | .26% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 225 | $ | 184 | $ | 164 |
Portfolio turnover rate K | 97 % I | 119% | 84% I |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.30 | $ | 6.52 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | (.01) | .02 | (.01) | |||
Net realized and unrealized gain (loss) | 1.15 | .76 | (3.47) | |||
Total from investment operations | 1.14 | .78 | (3.48) | |||
Distributions from net investment income | (.06) | - | - | |||
Total distributions | (.06) | - | - | |||
Net asset value, end of period | $ | 8.38 | $ | 7.30 | $ | 6.52 |
Total Return D,E,F | 15.73 % | 11.96% | (34.80)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 7.36% I | 7.07% | 9.51% I,J | |||
Expenses net of fee waivers, if any | 2.24 % I | 2.25% | 2.32% I | |||
Expenses net of all reductions | 2.23% I | 2.24% | 2.32% I | |||
Net investment income (loss) | (.25)% I | .31% | (.24)% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 214 | $ | 185 | $ | 163 |
Portfolio turnover rate K | 97 % I | 119% | 84% I |
Fidelity® Sustainable Emerging Markets Equity Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.38 | $ | 6.57 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .03 | .10 | .05 | |||
Net realized and unrealized gain (loss) | 1.15 | .76 | (3.48) | |||
Total from investment operations | 1.18 | .86 | (3.43) | |||
Distributions from net investment income | (.14) | (.05) | - | |||
Total distributions | (.14) | (.05) | - | |||
Net asset value, end of period | $ | 8.42 | $ | 7.38 | $ | 6.57 |
Total Return D,E | 16.18 % | 13.11% | (34.30)% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 6.37% H | 6.16% | 8.07% H,I | |||
Expenses net of fee waivers, if any | 1.24 % H | 1.25% | 1.25% H | |||
Expenses net of all reductions | 1.23% H | 1.24% | 1.25% H | |||
Net investment income (loss) | .75% H | 1.31% | .83% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 4,050 | $ | 2,947 | $ | 2,082 |
Portfolio turnover rate J | 97 % H | 119% | 84% H |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.38 | $ | 6.57 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .03 | .10 | .04 | |||
Net realized and unrealized gain (loss) | 1.15 | .76 | (3.47) | |||
Total from investment operations | 1.18 | .86 | (3.43) | |||
Distributions from net investment income | (.14) | (.05) | - | |||
Total distributions | (.14) | (.05) | - | |||
Net asset value, end of period | $ | 8.42 | $ | 7.38 | $ | 6.57 |
Total Return D,E | 16.18 % | 13.11% | (34.30)% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 6.39% H | 6.00% | 8.50% H,I | |||
Expenses net of fee waivers, if any | 1.24 % H | 1.24% | 1.31% H | |||
Expenses net of all reductions | 1.23% H | 1.23% | 1.31% H | |||
Net investment income (loss) | .75% H | 1.31% | .76% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 227 | $ | 201 | $ | 164 |
Portfolio turnover rate J | 97 % H | 119% | 84% H |
Fidelity Advisor® Sustainable Emerging Markets Equity Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.40 | $ | 6.57 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .04 | .11 | .05 | |||
Net realized and unrealized gain (loss) | 1.15 | .77 | (3.48) | |||
Total from investment operations | 1.19 | .88 | (3.43) | |||
Distributions from net investment income | (.14) | (.05) | - | |||
Total distributions | (.14) | (.05) | - | |||
Net asset value, end of period | $ | 8.45 | $ | 7.40 | $ | 6.57 |
Total Return D,E | 16.27 % | 13.42% | (34.30)% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 6.25% H | 5.87% | 8.23% H,I | |||
Expenses net of fee waivers, if any | 1.09 % H | 1.09% | 1.15% H | |||
Expenses net of all reductions | 1.08% H | 1.09% | 1.15% H | |||
Net investment income (loss) | .90% H | 1.46% | .93% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 471 | $ | 390 | $ | 276 |
Portfolio turnover rate J | 97 % H | 119% | 84% 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 | $700,098 |
Gross unrealized depreciation | (255,868) |
Net unrealized appreciation (depreciation) | $444,230 |
Tax cost | $4,986,006 |
Short-term | $(574,011) |
Long-term | (169,094) |
Total capital loss carryforward | $(743,105) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 2,707,109 | 2,235,531 |
Maximum Management Fee Rate % | |
Class A | .98 |
Class M | .90 |
Class C | .90 |
Fidelity Sustainable Emerging Markets Equity Fund | .98 |
Class I | .90 |
Class Z | .83 |
Total Management Fee Rate % | |
Class A | .97 |
Class M | .90 |
Class C | .90 |
Fidelity Sustainable Emerging Markets Equity Fund | .93 |
Class I | .90 |
Class Z | .83 |
Performance Adjustment Index | |
Fidelity Sustainable Emerging Markets Equity Fund | MSCI Emerging Markets Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 328 | 261 |
Class M | .25% | .25% | 520 | 518 |
Class C | .75% | .25% | 1,039 | 1,024 |
1,887 | 1,803 |
Retained by FDC ($) | |
Class A | 13 |
% of Class-Level Average Net Assets | |
Class A | .1963 |
Class M | .1153 |
Class C | .1151 |
Fidelity Sustainable Emerging Markets Equity Fund | .2000 |
Class I | .1217 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 195 | .23 |
Class M | 81 | .12 |
Class C | 79 | .12 |
Fidelity Sustainable Emerging Markets Equity Fund | 2,450 | .21 |
Class I | 92 | .13 |
Class Z | 59 | .04 |
2,956 |
% of Average Net Assets | |
Fidelity Sustainable Emerging Markets Equity Fund | .0498 |
% of Average Net Assets | |
Fidelity Sustainable Emerging Markets Equity Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 38,006 | 58,627 | 1,840 |
Amount ($) | |
Fidelity Sustainable Emerging Markets Equity Fund | 4 |
Expense Limitations | Reimbursement ($) | |
Class A | 1.50% | 6,801 |
Class M | 1.75% | 5,288 |
Class C | 2.25% | 5,307 |
Fidelity Sustainable Emerging Markets Equity Fund | 1.25% | 92,680 |
Class I | 1.25% | 5,731 |
Class Z | 1.10% | 11,146 |
126,953 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Sustainable Emerging Markets Equity Fund | ||
Distributions to shareholders | ||
Class A | $3,751 | $1,114 |
Class M | 2,609 | 450 |
Class C | 1,624 | - |
Fidelity Sustainable Emerging Markets Equity Fund | 59,025 | 18,515 |
Class I | 3,903 | 1,326 |
Class Z | 6,793 | 2,225 |
Total | $77,705 | $23,630 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Sustainable Emerging Markets Equity Fund | ||||
Class A | ||||
Shares sold | 2,473 | 8,323 | $20,365 | $64,307 |
Reinvestment of distributions | 479 | 147 | 3,751 | 1,114 |
Shares redeemed | (58) | (3,050) | (497) | (25,227) |
Net increase (decrease) | 2,894 | 5,420 | $23,619 | $40,194 |
Class M | ||||
Shares sold | 1,381 | 11 | $11,309 | $89 |
Reinvestment of distributions | 333 | 59 | 2,609 | 450 |
Net increase (decrease) | 1,714 | 70 | $13,918 | $539 |
Class C | ||||
Shares sold | 45 | 848 | $346 | $6,892 |
Reinvestment of distributions | 207 | - | 1,624 | - |
Shares redeemed | - | (532) | - | (4,129) |
Net increase (decrease) | 252 | 316 | $1,970 | $2,763 |
Fidelity Sustainable Emerging Markets Equity Fund | ||||
Shares sold | 130,633 | 371,692 | $1,061,368 | $2,989,168 |
Reinvestment of distributions | 6,946 | 2,252 | 54,391 | 17,120 |
Shares redeemed | (56,284) | (291,557) | (451,308) | (2,290,199) |
Net increase (decrease) | 81,295 | 82,387 | $664,451 | $716,089 |
Class I | ||||
Shares sold | - | 2,102 | $ - | $17,000 |
Reinvestment of distributions | 498 | 174 | 3,903 | 1,326 |
Shares redeemed | (876) | - | (7,101) | - |
Net increase (decrease) | (378) | 2,276 | $(3,198) | $18,326 |
Class Z | ||||
Shares sold | 14,468 | 14,147 | $118,373 | $113,210 |
Reinvestment of distributions | 462 | 174 | 3,624 | 1,326 |
Shares redeemed | (11,989) | (3,509) | (97,737) | (26,075) |
Net increase (decrease) | 2,941 | 10,812 | $24,260 | $88,461 |
Fund | Affiliated % |
Fidelity Sustainable Emerging Markets Equity Fund | 28% |
Fidelity Sustainable Multi-Asset Fund | |
Fidelity Sustainable Emerging Markets Equity Fund | 21% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Sustainable Emerging Markets Equity Fund | ||||||||||
Class A | 1.49% | |||||||||
Actual | $ 1,000 | $ 1,160.60 | $ 8.00 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.45 | $ 7.47 | |||||||
Class M | 1.74% | |||||||||
Actual | $ 1,000 | $ 1,159.40 | $ 9.34 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.21 | $ 8.72 | |||||||
Class C | 2.24% | |||||||||
Actual | $ 1,000 | $ 1,157.30 | $ 12.01 | |||||||
Hypothetical-B | $ 1,000 | $ 1,013.72 | $ 11.22 | |||||||
Fidelity® Sustainable Emerging Markets Equity Fund | 1.24% | |||||||||
Actual | $ 1,000 | $ 1,161.80 | $ 6.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.70 | $ 6.22 | |||||||
Class I | 1.24% | |||||||||
Actual | $ 1,000 | $ 1,161.80 | $ 6.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.70 | $ 6.22 | |||||||
Class Z | 1.09% | |||||||||
Actual | $ 1,000 | $ 1,162.70 | $ 5.86 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.44 | $ 5.47 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 5.3 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 4.2 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 3.3 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 3.2 | |
Sony Group Corp. (Japan, Household Durables) | 3.2 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.9 | |
ORIX Corp. (Japan, Financial Services) | 2.7 | |
CRH PLC (United States of America, Construction Materials) | 2.4 | |
Schneider Electric SA (United States of America, Electrical Equipment) | 2.4 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.4 | |
32.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.1 | |
Industrials | 16.6 | |
Health Care | 13.6 | |
Information Technology | 13.2 | |
Consumer Discretionary | 11.7 | |
Materials | 5.9 | |
Consumer Staples | 5.0 | |
Utilities | 3.7 | |
Communication Services | 2.0 | |
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 - 96.1% | |||
Shares | Value ($) | ||
Australia - 1.5% | |||
Brambles Ltd. | 2,852 | 26,831 | |
Macquarie Group Ltd. | 922 | 110,399 | |
TOTAL AUSTRALIA | 137,230 | ||
Austria - 1.0% | |||
Wienerberger AG | 2,641 | 94,588 | |
Belgium - 1.9% | |||
KBC Group NV | 800 | 59,678 | |
UCB SA | 895 | 118,963 | |
TOTAL BELGIUM | 178,641 | ||
Canada - 0.2% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 377 | 20,895 | |
China - 0.4% | |||
Chervon Holdings Ltd. | 15,591 | 37,864 | |
Denmark - 7.0% | |||
Carlsberg A/S Series B | 1,002 | 134,782 | |
Novo Nordisk A/S Series B | 3,891 | 498,988 | |
Vestas Wind Systems A/S (a) | 1,128 | 30,408 | |
TOTAL DENMARK | 664,178 | ||
France - 10.8% | |||
Air Liquide SA | 560 | 109,524 | |
Amundi SA (b) | 1,564 | 109,743 | |
AXA SA | 5,824 | 201,627 | |
BNP Paribas SA | 2,008 | 144,499 | |
EssilorLuxottica SA | 389 | 83,360 | |
L'Oreal SA | 343 | 160,934 | |
LVMH Moet Hennessy Louis Vuitton SE | 255 | 209,466 | |
TOTAL FRANCE | 1,019,153 | ||
Germany - 6.4% | |||
adidas AG | 247 | 59,679 | |
DHL Group | 1,715 | 71,807 | |
Gerresheimer AG | 207 | 22,312 | |
Instone Real Estate Group BV (b) | 6,652 | 61,548 | |
Merck KGaA | 910 | 144,653 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 253 | 111,295 | |
SAP SE | 423 | 76,380 | |
Siemens AG | 302 | 56,575 | |
TOTAL GERMANY | 604,249 | ||
Hong Kong - 1.7% | |||
AIA Group Ltd. | 21,525 | 157,657 | |
India - 0.9% | |||
HDFC Bank Ltd. sponsored ADR | 1,497 | 86,227 | |
Ireland - 1.9% | |||
Dalata Hotel Group PLC | 18,025 | 81,177 | |
Kingspan Group PLC (Ireland) | 1,075 | 96,196 | |
TOTAL IRELAND | 177,373 | ||
Italy - 3.2% | |||
Prysmian SpA | 2,023 | 110,495 | |
UniCredit SpA | 5,345 | 196,185 | |
TOTAL ITALY | 306,680 | ||
Japan - 20.6% | |||
Eisai Co. Ltd. | 639 | 26,243 | |
Fuji Electric Co. Ltd. | 1,000 | 62,204 | |
Hitachi Ltd. | 3,411 | 314,701 | |
Hoya Corp. | 1,368 | 158,606 | |
Itochu Corp. | 6,728 | 303,532 | |
Net One Systems Co. Ltd. | 5,995 | 100,312 | |
ORIX Corp. | 12,690 | 259,706 | |
Renesas Electronics Corp. | 5,077 | 82,429 | |
Sony Group Corp. | 3,618 | 299,033 | |
Sumitomo Mitsui Financial Group, Inc. | 2,727 | 154,904 | |
Tokio Marine Holdings, Inc. | 1,923 | 60,779 | |
Tokyo Electron Ltd. | 575 | 126,124 | |
TOTAL JAPAN | 1,948,573 | ||
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 949 | 52,604 | |
SK Hynix, Inc. | 366 | 45,040 | |
TOTAL KOREA (SOUTH) | 97,644 | ||
Netherlands - 9.4% | |||
ASML Holding NV (Netherlands) | 447 | 397,230 | |
BE Semiconductor Industries NV | 360 | 48,216 | |
ING Groep NV (Certificaten Van Aandelen) | 8,848 | 139,889 | |
Koninklijke KPN NV | 53,298 | 193,692 | |
Wolters Kluwer NV | 750 | 112,656 | |
TOTAL NETHERLANDS | 891,683 | ||
New Zealand - 1.0% | |||
Contact Energy Ltd. | 19,058 | 97,299 | |
Norway - 0.0% | |||
Schibsted ASA (A Shares) | 65 | 1,860 | |
Singapore - 0.9% | |||
United Overseas Bank Ltd. | 3,608 | 80,064 | |
Spain - 1.5% | |||
CaixaBank SA | 8,255 | 43,533 | |
EDP Renovaveis SA | 269 | 3,695 | |
Iberdrola SA | 6,651 | 81,552 | |
Puig Group SL Class B | 400 | 10,459 | |
TOTAL SPAIN | 139,239 | ||
Sweden - 0.7% | |||
Investor AB (B Shares) | 1,793 | 44,311 | |
Lagercrantz Group AB (B Shares) | 1,680 | 24,986 | |
TOTAL SWEDEN | 69,297 | ||
Switzerland - 0.8% | |||
Compagnie Financiere Richemont SA Series A | 524 | 72,431 | |
Taiwan - 2.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 11,410 | 272,713 | |
United Kingdom - 12.4% | |||
3i Group PLC | 2,250 | 80,387 | |
AstraZeneca PLC (United Kingdom) | 1,487 | 224,907 | |
Beazley PLC | 3,417 | 28,308 | |
Bellway PLC | 3,279 | 103,661 | |
Berkeley Group Holdings PLC | 1,838 | 108,265 | |
Big Yellow Group PLC | 1,361 | 18,367 | |
Compass Group PLC | 4,756 | 132,282 | |
Diageo PLC | 2,160 | 74,649 | |
Direct Line Insurance Group PLC | 22,877 | 53,113 | |
Grainger Trust PLC | 11,726 | 37,583 | |
London Stock Exchange Group PLC | 421 | 46,411 | |
National Grid PLC | 5,753 | 75,463 | |
RELX PLC (London Stock Exchange) | 1,013 | 41,621 | |
Renewi PLC (a) | 2,622 | 18,446 | |
Sage Group PLC | 2,060 | 30,014 | |
SSE PLC | 4,688 | 97,447 | |
TOTAL UNITED KINGDOM | 1,170,924 | ||
United States of America - 8.0% | |||
CRH PLC | 2,980 | 232,207 | |
Ferguson PLC | 480 | 101,723 | |
Linde PLC | 271 | 119,500 | |
Nestle SA (Reg. S) | 812 | 81,525 | |
Schneider Electric SA | 988 | 225,277 | |
TOTAL UNITED STATES OF AMERICA | 760,232 | ||
TOTAL COMMON STOCKS (Cost $7,857,404) | 9,086,694 | ||
Money Market Funds - 3.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) (Cost $310,273) | 310,211 | 310,273 | |
TOTAL INVESTMENT IN SECURITIES - 99.4% (Cost $8,167,677) | 9,396,967 |
NET OTHER ASSETS (LIABILITIES) - 0.6% | 59,805 |
NET ASSETS - 100.0% | 9,456,772 |
(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 $171,291 or 1.8% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 226,885 | 1,931,593 | 1,848,205 | 8,139 | - | - | 310,273 | 0.0% |
Total | 226,885 | 1,931,593 | 1,848,205 | 8,139 | - | - | 310,273 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 195,552 | 1,860 | 193,692 | - |
Consumer Discretionary | 1,103,858 | 352,782 | 751,076 | - |
Consumer Staples | 483,244 | 181,829 | 301,415 | - |
Financials | 2,168,715 | 694,302 | 1,474,413 | - |
Health Care | 1,278,032 | 369,288 | 908,744 | - |
Industrials | 1,572,472 | 469,924 | 1,102,548 | - |
Information Technology | 1,256,048 | 500,446 | 755,602 | - |
Materials | 555,819 | 446,295 | 109,524 | - |
Real Estate | 117,498 | 117,498 | - | - |
Utilities | 355,456 | 3,695 | 351,761 | - |
Money Market Funds | 310,273 | 310,273 | - | - |
Total Investments in Securities: | 9,396,967 | 3,448,192 | 5,948,775 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $7,857,404) | $ | 9,086,694 | ||
Fidelity Central Funds (cost $310,273) | 310,273 | |||
Total Investment in Securities (cost $8,167,677) | $ | 9,396,967 | ||
Cash | 29,358 | |||
Foreign currency held at value (cost $7,373) | 7,355 | |||
Receivable for fund shares sold | 10,906 | |||
Dividends receivable | 51,684 | |||
Reclaims receivable | 12,530 | |||
Distributions receivable from Fidelity Central Funds | 1,763 | |||
Prepaid expenses | 3 | |||
Receivable from investment adviser for expense reductions | 10,816 | |||
Total assets | 9,521,382 | |||
Liabilities | ||||
Payable for investments purchased | $ | 10,459 | ||
Payable for fund shares redeemed | 7,004 | |||
Accrued management fee | 5,902 | |||
Distribution and service plan fees payable | 379 | |||
Audit fee payable | 31,537 | |||
Custody fee payable | 9,304 | |||
Other payables and accrued expenses | 25 | |||
Total liabilities | 64,610 | |||
Net Assets | $ | 9,456,772 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 8,828,889 | ||
Total accumulated earnings (loss) | 627,883 | |||
Net Assets | $ | 9,456,772 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($277,676 ÷ 30,180 shares)(a) | $ | 9.20 | ||
Maximum offering price per share (100/94.25 of $9.20) | $ | 9.76 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($253,819 ÷ 27,607 shares)(a) | $ | 9.19 | ||
Maximum offering price per share (100/96.50 of $9.19) | $ | 9.52 | ||
Class C : | ||||
Net Asset Value and offering price per share ($265,822 ÷ 29,025 shares)(a) | $ | 9.16 | ||
Fidelity Sustainable International Equity Fund : | ||||
Net Asset Value, offering price and redemption price per share ($8,138,058 ÷ 883,380 shares) | $ | 9.21 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($235,442 ÷ 25,559 shares) | $ | 9.21 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($285,955 ÷ 30,941 shares) | $ | 9.24 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 118,054 | ||
Income from Fidelity Central Funds | 8,139 | |||
Income before foreign taxes withheld | $ | 126,193 | ||
Less foreign taxes withheld | (11,957) | |||
Total income | 114,236 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 30,224 | ||
Performance adjustment | (2,837) | |||
Transfer agent fees | 5,045 | |||
Distribution and service plan fees | 2,176 | |||
Accounting fees and expenses | 1,297 | |||
Custodian fees and expenses | 8,626 | |||
Independent trustees' fees and expenses | 20 | |||
Registration fees | 75,668 | |||
Audit | 33,592 | |||
Legal | 4 | |||
Miscellaneous | 15 | |||
Total expenses before reductions | 153,830 | |||
Expense reductions | (108,827) | |||
Total expenses after reductions | 45,003 | |||
Net Investment income (loss) | 69,233 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (82,156) | |||
Foreign currency transactions | 355 | |||
Total net realized gain (loss) | (81,801) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,328,495 | |||
Assets and liabilities in foreign currencies | (547) | |||
Total change in net unrealized appreciation (depreciation) | 1,327,948 | |||
Net gain (loss) | 1,246,147 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,315,380 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 69,233 | $ | 98,930 |
Net realized gain (loss) | (81,801) | (273,187) | ||
Change in net unrealized appreciation (depreciation) | 1,327,948 | 561,529 | ||
Net increase (decrease) in net assets resulting from operations | 1,315,380 | 387,272 | ||
Distributions to shareholders | (119,018) | (29,290) | ||
Share transactions - net increase (decrease) | 1,467,174 | 1,623,323 | ||
Total increase (decrease) in net assets | 2,663,536 | 1,981,305 | ||
Net Assets | ||||
Beginning of period | 6,793,236 | 4,811,931 | ||
End of period | $ | 9,456,772 | $ | 6,793,236 |
Fidelity Advisor® Sustainable International Equity Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.85 | $ | 7.20 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .06 | .10 | .07 | |||
Net realized and unrealized gain (loss) | 1.41 | .58 | (2.87) | |||
Total from investment operations | 1.47 | .68 | (2.80) | |||
Distributions from net investment income | (.12) | (.03) | - | |||
Total distributions | (.12) | (.03) | - | |||
Net asset value, end of period | $ | 9.20 | $ | 7.85 | $ | 7.20 |
Total Return D,E,F | 18.86 % | 9.43% | (28.00)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 4.05% I | 3.91% | 7.77% I,J | |||
Expenses net of fee waivers, if any | 1.29 % I | 1.29% | 1.30% I | |||
Expenses net of all reductions | 1.29% I | 1.29% | 1.28% I | |||
Net investment income (loss) | 1.46% I | 1.23% | 1.18% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 278 | $ | 353 | $ | 185 |
Portfolio turnover rate K | 68 % I | 36% | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.83 | $ | 7.19 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .05 | .08 | .05 | |||
Net realized and unrealized gain (loss) | 1.41 | .57 | (2.86) | |||
Total from investment operations | 1.46 | .65 | (2.81) | |||
Distributions from net investment income | (.10) | (.01) | - | |||
Total distributions | (.10) | (.01) | - | |||
Net asset value, end of period | $ | 9.19 | $ | 7.83 | $ | 7.19 |
Total Return D,E,F | 18.69 % | 9.08% | (28.10)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 4.12% I | 4.24% | 8.02% I,J | |||
Expenses net of fee waivers, if any | 1.54 % I | 1.55% | 1.55% I | |||
Expenses net of all reductions | 1.53% I | 1.54% | 1.55% I | |||
Net investment income (loss) | 1.21% I | .98% | .91% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 254 | $ | 196 | $ | 180 |
Portfolio turnover rate K | 68 % I | 36% | 43% I |
Fidelity Advisor® Sustainable International Equity Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.78 | $ | 7.16 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .03 | .04 | .02 | |||
Net realized and unrealized gain (loss) | 1.40 | .58 | (2.86) | |||
Total from investment operations | 1.43 | .62 | (2.84) | |||
Distributions from net investment income | (.05) | - | - | |||
Total distributions | (.05) | - | - | |||
Net asset value, end of period | $ | 9.16 | $ | 7.78 | $ | 7.16 |
Total Return D,E,F | 18.39 % | 8.66% | (28.40)% | |||
Ratios to Average Net Assets B,G,H | ||||||
Expenses before reductions | 4.56% I | 4.73% | 8.51% I,J | |||
Expenses net of fee waivers, if any | 2.04 % I | 2.04% | 2.05% I | |||
Expenses net of all reductions | 2.03% I | 2.04% | 2.05% I | |||
Net investment income (loss) | .71% I | .48% | .41% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 266 | $ | 194 | $ | 179 |
Portfolio turnover rate K | 68 % I | 36% | 43% I |
Fidelity® Sustainable International Equity Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.87 | $ | 7.21 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .08 | .12 | .08 | |||
Net realized and unrealized gain (loss) | 1.40 | .58 | (2.87) | |||
Total from investment operations | 1.48 | .70 | (2.79) | |||
Distributions from net investment income | (.14) | (.04) | - | |||
Total distributions | (.14) | (.04) | - | |||
Net asset value, end of period | $ | 9.21 | $ | 7.87 | $ | 7.21 |
Total Return D,E | 19.01 % | 9.73% | (27.90)% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 3.65% H | 3.72% | 7.64% H,I | |||
Expenses net of fee waivers, if any | 1.04 % H | 1.04% | 1.05% H | |||
Expenses net of all reductions | 1.04% H | 1.04% | 1.01% H | |||
Net investment income (loss) | 1.71% H | 1.48% | 1.45% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 8,138 | $ | 5,563 | $ | 3,908 |
Portfolio turnover rate J | 68 % H | 36% | 43% H |
Fidelity Advisor® Sustainable International Equity Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.87 | $ | 7.21 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .08 | .12 | .08 | |||
Net realized and unrealized gain (loss) | 1.40 | .58 | (2.87) | |||
Total from investment operations | 1.48 | .70 | (2.79) | |||
Distributions from net investment income | (.14) | (.04) | - | |||
Total distributions | (.14) | (.04) | - | |||
Net asset value, end of period | $ | 9.21 | $ | 7.87 | $ | 7.21 |
Total Return D,E | 19.01 % | 9.73% | (27.90)% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 3.63% H | 3.74% | 7.52% H,I | |||
Expenses net of fee waivers, if any | 1.04 % H | 1.04% | 1.05% H | |||
Expenses net of all reductions | 1.04% H | 1.04% | 1.03% H | |||
Net investment income (loss) | 1.71% H | 1.48% | 1.43% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 235 | $ | 199 | $ | 180 |
Portfolio turnover rate J | 68 % H | 36% | 43% H |
Fidelity Advisor® Sustainable International Equity Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 7.89 | $ | 7.22 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .08 | .14 | .09 | |||
Net realized and unrealized gain (loss) | 1.41 | .57 | (2.87) | |||
Total from investment operations | 1.49 | .71 | (2.78) | |||
Distributions from net investment income | (.14) | (.04) | - | |||
Total distributions | (.14) | (.04) | - | |||
Net asset value, end of period | $ | 9.24 | $ | 7.89 | $ | 7.22 |
Total Return D,E | 19.09 % | 9.86% | (27.80)% | |||
Ratios to Average Net Assets C,F,G | ||||||
Expenses before reductions | 3.51% H | 3.56% | 7.46% H,I | |||
Expenses net of fee waivers, if any | .89 % H | .89% | .90% H | |||
Expenses net of all reductions | .89% H | .89% | .90% H | |||
Net investment income (loss) | 1.86% H | 1.63% | 1.56% H | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 286 | $ | 287 | $ | 181 |
Portfolio turnover rate J | 68 % H | 36% | 43% 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 | $1,435,995 |
Gross unrealized depreciation | (240,128) |
Net unrealized appreciation (depreciation) | $1,195,867 |
Tax cost | $8,201,100 |
Short-term | $(377,972) |
Long-term | (122,079) |
Total capital loss carryforward | $(500,051) |
Purchases ($) | Sales ($) | |
Fidelity Sustainable International Equity Fund | 3,983,170 | 2,719,979 |
Maximum Management Fee Rate % | |
Class A | .82 |
Class M | .79 |
Class C | .78 |
Fidelity Sustainable International Equity Fund | .88 |
Class I | .79 |
Class Z | .73 |
Total Management Fee Rate % | |
Class A | .82 |
Class M | .79 |
Class C | .78 |
Fidelity Sustainable International Equity Fund | .83 |
Class I | .79 |
Class Z | .73 |
Performance Adjustment Index | |
Fidelity Sustainable International Equity Fund | MSCI EAFE Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 450 | 284 |
Class M | .25% | .25% | 562 | 558 |
Class C | .75% | .25% | 1,164 | 1,142 |
2,176 | 1,984 |
Retained by FDC ($) | |
Class A | 7 |
% of Class-Level Average Net Assets | |
Class A | .1367 |
Class M | .1048 |
Class C | .0960 |
Fidelity Sustainable International Equity Fund | .2000 |
Class I | .1047 |
Amount ($) | % of Class-Level Average Net Assets | |
Class A | 199 | .16 |
Class M | 78 | .11 |
Class C | 69 | .09 |
Fidelity Sustainable International Equity Fund | 4,582 | .21 |
Class I | 78 | .11 |
Class Z | 39 | .04 |
5,045 |
% of Average Net Assets | |
Fidelity Sustainable International Equity Fund | .0498 |
% of Average Net Assets | |
Fidelity Sustainable International Equity Fund | .05 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Sustainable International Equity Fund | 255,787 | 322,741 | (275) |
Amount ($) | |
Fidelity Sustainable International Equity Fund | 7 |
Expense Limitations | Reimbursement ($) | |
Class A | 1.30% | 4,928 |
Class M | 1.55% | 2,899 |
Class C | 2.05% | 2,920 |
Fidelity Sustainable International Equity Fund | 1.05% | 90,872 |
Class I | 1.05% | 2,927 |
Class Z | .90% | 3,709 |
108,255 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Sustainable International Equity Fund | ||
Distributions to shareholders | ||
Class A | $5,401 | $863 |
Class M | 2,380 | 325 |
Class C | 1,175 | - |
Fidelity Sustainable International Equity Fund | 101,474 | 25,952 |
Class I | 3,624 | 1,075 |
Class Z | 4,964 | 1,075 |
Total | $119,018 | $29,290 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Sustainable International Equity Fund | ||||
Class A | ||||
Shares sold | 363 | 19,860 | $3,271 | $158,247 |
Reinvestment of distributions | 639 | 107 | 5,401 | 863 |
Shares redeemed | (15,789) | (633) | (146,263) | (5,146) |
Net increase (decrease) | (14,787) | 19,334 | $(137,591) | $153,964 |
Class M | ||||
Shares sold | 2,276 | 9 | $20,478 | $77 |
Reinvestment of distributions | 282 | 40 | 2,380 | 325 |
Net increase (decrease) | 2,558 | 49 | $22,858 | $402 |
Class C | ||||
Shares sold | 3,886 | - | $35,522 | $ - |
Reinvestment of distributions | 139 | - | 1,175 | - |
Net increase (decrease) | 4,025 | - | $36,697 | $ - |
Fidelity Sustainable International Equity Fund | ||||
Shares sold | 231,187 | 397,160 | $2,060,351 | $3,312,938 |
Reinvestment of distributions | 10,727 | 2,932 | 90,641 | 23,779 |
Shares redeemed | (65,236) | (235,082) | (560,635) | (1,968,118) |
Net increase (decrease) | 176,678 | 165,010 | $1,590,357 | $1,368,599 |
Class I | ||||
Shares sold | - | 211 | $ - | $1,800 |
Reinvestment of distributions | 429 | 133 | 3,624 | 1,075 |
Shares redeemed | (210) | (4) | (1,824) | (30) |
Net increase (decrease) | 219 | 340 | $1,800 | $2,845 |
Class Z | ||||
Shares sold | 63 | 12,333 | $558 | $104,463 |
Reinvestment of distributions | 424 | 132 | 3,594 | 1,075 |
Shares redeemed | (5,981) | (1,030) | (51,099) | (8,025) |
Net increase (decrease) | (5,494) | 11,435 | $(46,947) | $97,513 |
Fund | Affiliated % |
Fidelity Sustainable International Equity Fund | 18% |
Fidelity Sustainable Multi-Asset Fund | |
Fidelity Sustainable International Equity Fund | 35% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Sustainable International Equity Fund | ||||||||||
Class A | 1.29% | |||||||||
Actual | $ 1,000 | $ 1,188.60 | $ 7.02 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.45 | $ 6.47 | |||||||
Class M | 1.54% | |||||||||
Actual | $ 1,000 | $ 1,186.90 | $ 8.37 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.21 | $ 7.72 | |||||||
Class C | 2.04% | |||||||||
Actual | $ 1,000 | $ 1,183.90 | $ 11.08 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.72 | $ 10.22 | |||||||
Fidelity® Sustainable International Equity Fund | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,190.10 | $ 5.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.69 | $ 5.22 | |||||||
Class I | 1.04% | |||||||||
Actual | $ 1,000 | $ 1,190.10 | $ 5.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.69 | $ 5.22 | |||||||
Class Z | .89% | |||||||||
Actual | $ 1,000 | $ 1,190.90 | $ 4.85 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.44 | $ 4.47 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Qualitas Controladora S.A.B. de CV (Mexico, Insurance) | 1.5 | |
AMOREPACIFIC Corp. (Korea (South), Personal Care Products) | 1.5 | |
Impala Platinum Holdings Ltd. (South Africa, Metals & Mining) | 1.5 | |
Haier Smart Home Co. Ltd. (A Shares) (China, Household Durables) | 1.4 | |
Shriram Finance Ltd. (India, Consumer Finance) | 1.4 | |
International Games Systems Co. Ltd. (Taiwan, Entertainment) | 1.4 | |
Flat Glass Group Co. Ltd. (China, Semiconductors & Semiconductor Equipment) | 1.4 | |
Realtek Semiconductor Corp. (Taiwan, Semiconductors & Semiconductor Equipment) | 1.3 | |
Mavi Jeans Class B (Turkey, Textiles, Apparel & Luxury Goods) | 1.3 | |
Hansoh Pharmaceutical Group Co. Ltd. (China, Pharmaceuticals) | 1.3 | |
14.0 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.8 | |
Consumer Discretionary | 16.4 | |
Financials | 15.2 | |
Information Technology | 9.7 | |
Consumer Staples | 9.2 | |
Real Estate | 6.3 | |
Materials | 4.9 | |
Utilities | 4.4 | |
Energy | 4.3 | |
Health Care | 4.2 | |
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 - 98.2% | |||
Shares | Value ($) | ||
Brazil - 13.6% | |||
Afya Ltd. (a) | 756,659 | 13,037,235 | |
Atacadao SA | 5,773,094 | 12,418,723 | |
Caixa Seguridade Participacoes | 4,529,890 | 13,661,379 | |
Enauta Participacoes SA | 3,044,558 | 16,018,435 | |
Equatorial Energia SA | 2,106,377 | 12,408,826 | |
Hypera SA (a) | 2,289,899 | 13,018,106 | |
Localiza Rent a Car SA | 1,187,615 | 11,213,797 | |
LOG Commercial Properties e Participacoes SA | 2,681,456 | 11,221,361 | |
Lojas Renner SA | 4,420,326 | 13,050,032 | |
Orizon Valorizacao de Residuos SA (a) | 1,442,010 | 10,733,291 | |
PRIO SA | 1,767,610 | 16,339,653 | |
Rumo SA | 3,688,256 | 14,319,463 | |
XP, Inc. Class A | 586,382 | 12,003,240 | |
TOTAL BRAZIL | 169,443,541 | ||
Chile - 0.9% | |||
Banco de Chile sponsored ADR | 520,779 | 11,498,800 | |
China - 21.5% | |||
Airtac International Group | 458,330 | 16,198,713 | |
China Communications Services Corp. Ltd. (H Shares) | 26,852,394 | 12,836,706 | |
China Resources Beer Holdings Co. Ltd. | 3,418,083 | 15,579,836 | |
Far East Horizon Ltd. | 15,163,244 | 11,255,802 | |
Flat Glass Group Co. Ltd. (b) | 7,020,410 | 16,910,582 | |
Fu Shou Yuan International Group Ltd. | 18,217,916 | 12,333,210 | |
Guangdong Investment Ltd. | 21,826,860 | 11,401,596 | |
Haier Smart Home Co. Ltd. (A Shares) | 4,241,211 | 17,644,792 | |
Haitian International Holdings Ltd. | 4,624,227 | 15,060,411 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 7,410,308 | 16,374,524 | |
Li Ning Co. Ltd. | 5,473,380 | 14,328,591 | |
Shenzhen Expressway Co. Ltd. (H Shares) | 12,291,465 | 11,182,957 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 1,423,087 | 11,670,683 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 3,385,673 | 12,479,815 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 22,301,632 | 14,364,581 | |
Sinotruk Hong Kong Ltd. | 6,103,335 | 15,189,434 | |
SITC International Holdings Co. Ltd. (b) | 7,546,220 | 16,364,698 | |
Tongdao Liepin Group (a)(b) | 11,976,997 | 4,580,297 | |
TravelSky Technology Ltd. (H Shares) | 11,333,719 | 14,722,868 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 1,158,266 | 8,346,930 | |
TOTAL CHINA | 268,827,026 | ||
Georgia - 1.3% | |||
Bank of Georgia Group PLC | 242,426 | 16,297,279 | |
Greece - 0.7% | |||
Athens International Airport SA | 903,030 | 8,008,460 | |
Hong Kong - 2.3% | |||
ASMPT Ltd. | 1,181,733 | 14,686,201 | |
WH Group Ltd. (c) | 18,708,743 | 13,598,265 | |
TOTAL HONG KONG | 28,284,466 | ||
Hungary - 0.8% | |||
Richter Gedeon PLC | 367,685 | 9,363,108 | |
India - 12.4% | |||
Bharat Electronics Ltd. | 5,764,803 | 16,115,955 | |
Computer Age Management Services Private Ltd. | 351,220 | 13,457,804 | |
Deccan Cements Ltd. (d) | 745,139 | 5,630,283 | |
Eicher Motors Ltd. | 261,613 | 14,398,649 | |
Embassy Office Parks (REIT) | 3,281,665 | 14,029,553 | |
Hindustan Aeronautics Ltd. | 337,760 | 15,934,903 | |
Indraprastha Gas Ltd. | 1,853,883 | 10,398,027 | |
ITC Ltd. | 1,873,345 | 9,765,284 | |
Mahanagar Gas Ltd. | 612,600 | 10,585,417 | |
Manappuram General Finance & Leasing Ltd. | 940,273 | 2,244,329 | |
Oberoi Realty Ltd. | 640,691 | 11,363,544 | |
Shriram Finance Ltd. | 575,207 | 17,544,638 | |
Torrent Pharmaceuticals Ltd. | 432,698 | 13,664,756 | |
TOTAL INDIA | 155,133,142 | ||
Indonesia - 1.8% | |||
First Resources Ltd. | 9,486,841 | 9,773,498 | |
PT United Tractors Tbk | 8,520,790 | 12,986,500 | |
TOTAL INDONESIA | 22,759,998 | ||
Korea (South) - 9.5% | |||
AMOREPACIFIC Corp. | 152,000 | 18,474,703 | |
Coway Co. Ltd. | 341,449 | 13,642,349 | |
Db Insurance Co. Ltd. | 191,585 | 13,401,090 | |
Fila Holdings Corp. | 368,715 | 10,823,703 | |
Hanon Systems | 2,736,412 | 10,928,272 | |
Hansol Chemical Co. Ltd. | 87,438 | 12,094,084 | |
Hyundai Marine & Fire Insurance Co. Ltd. | 366,299 | 8,245,706 | |
LG Corp. | 166,621 | 9,480,437 | |
SFA Engineering Corp. | 477,510 | 8,836,825 | |
Soulbrain Co. Ltd. | 58,867 | 12,672,769 | |
TOTAL KOREA (SOUTH) | 118,599,938 | ||
Malaysia - 0.0% | |||
Scientex Bhd warrants 1/14/26 (a) | 130,640 | 16,157 | |
Mexico - 5.3% | |||
FIBRA Macquarie Mexican (REIT) (b)(c) | 5,190,385 | 9,338,042 | |
Fibra Uno Administracion SA de CV | 6,423,936 | 9,221,113 | |
Grupo Comercial Chedraui S.A.B. de CV | 2,086,673 | 15,417,317 | |
Qualitas Controladora S.A.B. de CV | 1,450,463 | 18,967,804 | |
Regional S.A.B. de CV | 1,474,062 | 13,313,303 | |
TOTAL MEXICO | 66,257,579 | ||
Philippines - 0.9% | |||
Robinsons Land Corp. | 38,856,129 | 10,482,095 | |
Poland - 0.9% | |||
Dino Polska SA (a)(c) | 120,110 | 11,544,939 | |
Romania - 0.9% | |||
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA | 403,860 | 11,665,796 | |
Russia - 0.0% | |||
Etalon Group PLC GDR (Reg. S) (a)(e) | 167,549 | 13,330 | |
LSR Group OJSC (a)(e) | 67,346 | 67,454 | |
TKS Holding MKPAO JSC (a)(e) | 59,253 | 75,127 | |
TOTAL RUSSIA | 155,911 | ||
Saudi Arabia - 2.6% | |||
Bupa Arabia for Cooperative Insurance Co. | 253,671 | 16,313,509 | |
Catrion Catering Holding Co. | 468,260 | 15,780,959 | |
TOTAL SAUDI ARABIA | 32,094,468 | ||
South Africa - 4.4% | |||
Bidvest Group Ltd./The (b) | 916,207 | 11,948,299 | |
FirstRand Ltd. | 3,138,536 | 10,834,704 | |
Impala Platinum Holdings Ltd. | 4,129,147 | 18,381,123 | |
Mr Price Group Ltd. | 1,535,008 | 14,221,089 | |
TOTAL SOUTH AFRICA | 55,385,215 | ||
Taiwan - 13.3% | |||
BizLink Holding, Inc. | 1,625,758 | 11,432,905 | |
Chailease Holding Co. Ltd. | 2,144,682 | 11,291,503 | |
Cleanaway Co. Ltd. | 1,949,105 | 11,546,741 | |
E Ink Holdings, Inc. | 2,400,780 | 15,321,431 | |
International Games Systems Co. Ltd. | 565,195 | 17,253,634 | |
Makalot Industrial Co. Ltd. | 1,101,557 | 13,165,445 | |
Nanya Technology Corp. | 6,329,370 | 12,752,759 | |
Nien Made Enterprise Co. Ltd. | 1,137,860 | 13,273,795 | |
Poya International Co. Ltd. | 826,681 | 12,642,597 | |
Realtek Semiconductor Corp. | 1,053,372 | 16,587,566 | |
Unimicron Technology Corp. | 2,835,504 | 15,652,530 | |
Yageo Corp. | 805,504 | 15,337,270 | |
TOTAL TAIWAN | 166,258,176 | ||
Turkey - 1.3% | |||
Mavi Jeans Class B (c) | 5,741,852 | 16,399,593 | |
United Arab Emirates - 1.0% | |||
Aldar Properties PJSC | 8,503,561 | 12,641,086 | |
United States of America - 2.7% | |||
FirstCash Holdings, Inc. | 106,540 | 12,036,889 | |
Parade Technologies Ltd. | 564,735 | 12,798,148 | |
Tenaris SA sponsored ADR | 274,390 | 9,052,126 | |
TOTAL UNITED STATES OF AMERICA | 33,887,163 | ||
Vietnam - 0.1% | |||
FPT Corp. | 225,647 | 1,096,325 | |
TOTAL COMMON STOCKS (Cost $1,076,261,354) | 1,226,100,261 | ||
Money Market Funds - 5.6% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 36,666,399 | 36,673,732 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 33,581,683 | 33,585,041 | |
TOTAL MONEY MARKET FUNDS (Cost $70,258,773) | 70,258,773 | ||
TOTAL INVESTMENT IN SECURITIES - 103.8% (Cost $1,146,520,127) | 1,296,359,034 |
NET OTHER ASSETS (LIABILITIES) - (3.8)% | (47,026,678) |
NET ASSETS - 100.0% | 1,249,332,356 |
(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 $67,255,363 or 5.4% of net assets. |
(d) | Affiliated company |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 41,349,421 | 212,346,285 | 217,022,032 | 1,068,274 | 58 | - | 36,673,732 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 11,126,496 | 78,365,722 | 55,907,177 | 259,998 | - | - | 33,585,041 | 0.1% |
Total | 52,475,917 | 290,712,007 | 272,929,209 | 1,328,272 | 58 | - | 70,258,773 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Deccan Cements Ltd. | 4,283,550 | 283,827 | - | - | - | 1,062,906 | 5,630,283 |
Total | 4,283,550 | 283,827 | - | - | - | 1,062,906 | 5,630,283 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 21,833,931 | - | 21,833,931 | - |
Consumer Discretionary | 204,612,220 | 42,486,860 | 162,125,360 | - |
Consumer Staples | 114,919,495 | 39,380,979 | 75,538,516 | - |
Energy | 54,396,714 | 41,410,214 | 12,986,500 | - |
Financials | 188,985,102 | 114,092,203 | 74,817,772 | 75,127 |
Health Care | 52,420,494 | 22,381,214 | 30,039,280 | - |
Industrials | 271,678,022 | 60,055,970 | 211,622,052 | - |
Information Technology | 121,142,812 | - | 121,142,812 | - |
Materials | 61,274,231 | - | 61,274,231 | - |
Real Estate | 78,377,578 | 42,421,602 | 35,875,192 | 80,784 |
Utilities | 56,459,662 | 24,074,622 | 32,385,040 | - |
Money Market Funds | 70,258,773 | 70,258,773 | - | - |
Total Investments in Securities: | 1,296,359,034 | 456,562,437 | 839,640,686 | 155,911 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $31,360,711) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,071,009,261) | $ | 1,220,469,978 | ||
Fidelity Central Funds (cost $70,258,773) | 70,258,773 | |||
Other affiliated issuers (cost $5,252,093) | 5,630,283 | |||
Total Investment in Securities (cost $1,146,520,127) | $ | 1,296,359,034 | ||
Foreign currency held at value (cost $140,264) | 124,986 | |||
Receivable for investments sold | 6,414,387 | |||
Receivable for fund shares sold | 1,087,511 | |||
Dividends receivable | 1,600,173 | |||
Distributions receivable from Fidelity Central Funds | 187,976 | |||
Prepaid expenses | 271 | |||
Other receivables | 118,399 | |||
Total assets | 1,305,892,737 | |||
Liabilities | ||||
Payable for investments purchased | $ | 11,592,128 | ||
Payable for fund shares redeemed | 1,882,877 | |||
Accrued management fee | 957,264 | |||
Distribution and service plan fees payable | 11,417 | |||
Deferred taxes | 8,381,088 | |||
Other payables and accrued expenses | 150,566 | |||
Collateral on securities loaned | 33,585,041 | |||
Total liabilities | 56,560,381 | |||
Net Assets | $ | 1,249,332,356 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,134,827,791 | ||
Total accumulated earnings (loss) | 114,504,565 | |||
Net Assets | $ | 1,249,332,356 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($29,574,988 ÷ 1,814,822 shares)(a) | $ | 16.30 | ||
Maximum offering price per share (100/94.25 of $16.30) | $ | 17.29 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($5,962,750 ÷ 366,532 shares)(a) | $ | 16.27 | ||
Maximum offering price per share (100/96.50 of $16.27) | $ | 16.86 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,324,052 ÷ 209,752 shares)(a) | $ | 15.85 | ||
Emerging Markets Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($449,161,361 ÷ 27,383,776 shares) | $ | 16.40 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($591,718,290 ÷ 35,978,541 shares) | $ | 16.45 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($169,590,915 ÷ 10,332,170 shares) | $ | 16.41 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 11,988,489 | ||
Interest | 1,441 | |||
Income from Fidelity Central Funds (including $259,998 from security lending) | 1,328,272 | |||
Income before foreign taxes withheld | $ | 13,318,202 | ||
Less foreign taxes withheld | (1,557,575) | |||
Total income | 11,760,627 | |||
Expenses | ||||
Management fee | $ | 4,947,513 | ||
Transfer agent fees | 622,458 | |||
Distribution and service plan fees | 68,662 | |||
Accounting fees | 167,037 | |||
Custodian fees and expenses | 175,703 | |||
Independent trustees' fees and expenses | 2,691 | |||
Registration fees | 74,673 | |||
Audit | 56,816 | |||
Legal | 572 | |||
Miscellaneous | 1,840 | |||
Total expenses before reductions | 6,117,965 | |||
Expense reductions | (50,889) | |||
Total expenses after reductions | 6,067,076 | |||
Net Investment income (loss) | 5,693,551 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $2,328,005) | (9,365,120) | |||
Fidelity Central Funds | 58 | |||
Foreign currency transactions | 25,342 | |||
Total net realized gain (loss) | (9,339,720) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $4,366,028) | 132,964,820 | |||
Affiliated issuers | 1,062,906 | |||
Assets and liabilities in foreign currencies | 21,656 | |||
Total change in net unrealized appreciation (depreciation) | 134,049,382 | |||
Net gain (loss) | 124,709,662 | |||
Net increase (decrease) in net assets resulting from operations | $ | 130,403,213 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,693,551 | $ | 16,742,394 |
Net realized gain (loss) | (9,339,720) | (3,777,524) | ||
Change in net unrealized appreciation (depreciation) | 134,049,382 | 49,069,215 | ||
Net increase (decrease) in net assets resulting from operations | 130,403,213 | 62,034,085 | ||
Distributions to shareholders | (23,040,155) | (8,639,871) | ||
Share transactions - net increase (decrease) | 212,767,920 | 444,710,316 | ||
Total increase (decrease) in net assets | 320,130,978 | 498,104,530 | ||
Net Assets | ||||
Beginning of period | 929,201,378 | 431,096,848 | ||
End of period | $ | 1,249,332,356 | $ | 929,201,378 |
Fidelity Advisor® Emerging Markets Discovery Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.69 | $ | 12.89 | $ | 18.36 | $ | 13.93 | $ | 13.66 | $ | 12.01 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .31 | .31 | .11 | .04 | .13 | ||||||
Net realized and unrealized gain (loss) | 1.85 | 1.69 | (3.92) | 4.37 | .34 | 1.71 | ||||||
Total from investment operations | 1.91 | 2.00 | (3.61) | 4.48 | .38 | 1.84 | ||||||
Distributions from net investment income | (.30) | (.20) | (.37) | (.05) | (.11) | (.18) | ||||||
Distributions from net realized gain | - | - | (1.49) | - | - | (.01) | ||||||
Total distributions | (.30) | (.20) | (1.86) | (.05) | (.11) | (.19) | ||||||
Net asset value, end of period | $ | 16.30 | $ | 14.69 | $ | 12.89 | $ | 18.36 | $ | 13.93 | $ | 13.66 |
Total Return C,D,E | 13.12 % | 15.56% | (21.58)% | 32.23% | 2.76% | 15.50% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.32% H | 1.43% | 1.49% | 1.49% | 1.54% | 1.55% | ||||||
Expenses net of fee waivers, if any | 1.32 % H | 1.42% | 1.49% | 1.49% | 1.53% | 1.54% | ||||||
Expenses net of all reductions | 1.32% H | 1.42% | 1.49% | 1.49% | 1.51% | 1.54% | ||||||
Net investment income (loss) | .72% H | 2.07% | 2.11% | .60% | .33% | .96% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 29,575 | $ | 23,373 | $ | 16,063 | $ | 18,900 | $ | 11,745 | $ | 15,323 |
Portfolio turnover rate I | 19 % H | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.65 | $ | 12.85 | $ | 18.30 | $ | 13.89 | $ | 13.62 | $ | 11.94 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .27 | .27 | .06 | - C | .08 | ||||||
Net realized and unrealized gain (loss) | 1.85 | 1.68 | (3.91) | 4.36 | .34 | 1.71 | ||||||
Total from investment operations | 1.89 | 1.95 | (3.64) | 4.42 | .34 | 1.79 | ||||||
Distributions from net investment income | (.27) | (.15) | (.32) | (.01) | (.07) | (.10) | ||||||
Distributions from net realized gain | - | - | (1.49) | - | - | (.01) | ||||||
Total distributions | (.27) | (.15) | (1.81) | (.01) | (.07) | (.11) | ||||||
Net asset value, end of period | $ | 16.27 | $ | 14.65 | $ | 12.85 | $ | 18.30 | $ | 13.89 | $ | 13.62 |
Total Return D,E,F | 12.97 % | 15.25% | (21.77)% | 31.82% | 2.49% | 15.06% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.55% I | 1.69% | 1.75% | 1.76% | 1.83% | 1.86% | ||||||
Expenses net of fee waivers, if any | 1.54 % I | 1.69% | 1.75% | 1.76% | 1.83% | 1.86% | ||||||
Expenses net of all reductions | 1.54% I | 1.68% | 1.75% | 1.76% | 1.80% | 1.86% | ||||||
Net investment income (loss) | .50% I | 1.80% | 1.85% | .33% | .03% | .64% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,963 | $ | 6,560 | $ | 4,355 | $ | 6,095 | $ | 4,552 | $ | 5,773 |
Portfolio turnover rate J | 19 % I | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.23 | $ | 12.47 | $ | 17.78 | $ | 13.55 | $ | 13.29 | $ | 11.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | - C | .19 | .19 | (.03) | (.06) | .02 | ||||||
Net realized and unrealized gain (loss) | 1.79 | 1.65 | (3.81) | 4.26 | .32 | 1.67 | ||||||
Total from investment operations | 1.79 | 1.84 | (3.62) | 4.23 | .26 | 1.69 | ||||||
Distributions from net investment income | (.17) | (.08) | (.20) | - | - | (.05) | ||||||
Distributions from net realized gain | - | - | (1.49) | - | - | (.01) | ||||||
Total distributions | (.17) | (.08) | (1.69) | - | - | (.06) | ||||||
Net asset value, end of period | $ | 15.85 | $ | 14.23 | $ | 12.47 | $ | 17.78 | $ | 13.55 | $ | 13.29 |
Total Return D,E,F | 12.66 % | 14.76% | (22.21)% | 31.22% | 1.96% | 14.54% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.06% I | 2.20% | 2.25% | 2.25% | 2.32% | 2.36% | ||||||
Expenses net of fee waivers, if any | 2.05 % I | 2.19% | 2.25% | 2.25% | 2.31% | 2.35% | ||||||
Expenses net of all reductions | 2.05% I | 2.19% | 2.25% | 2.25% | 2.29% | 2.35% | ||||||
Net investment income (loss) | (.02)% I | 1.29% | 1.35% | (.16)% | (.45)% | .14% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,324 | $ | 3,300 | $ | 3,079 | $ | 4,995 | $ | 5,080 | $ | 7,562 |
Portfolio turnover rate J | 19 % I | 30% | 33% | 64% | 43% | 80% |
Fidelity® Emerging Markets Discovery Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.80 | $ | 12.98 | $ | 18.48 | $ | 14.02 | $ | 13.75 | $ | 12.10 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .35 | .36 | .16 | .08 | .16 | ||||||
Net realized and unrealized gain (loss) | 1.86 | 1.71 | (3.95) | 4.40 | .34 | 1.72 | ||||||
Total from investment operations | 1.94 | 2.06 | (3.59) | 4.56 | .42 | 1.88 | ||||||
Distributions from net investment income | (.34) | (.24) | (.42) | (.10) | (.15) | (.22) | ||||||
Distributions from net realized gain | - | - | (1.49) | - | - | (.01) | ||||||
Total distributions | (.34) | (.24) | (1.91) | (.10) | (.15) | (.23) | ||||||
Net asset value, end of period | $ | 16.40 | $ | 14.80 | $ | 12.98 | $ | 18.48 | $ | 14.02 | $ | 13.75 |
Total Return C,D | 13.21 % | 15.94% | (21.37)% | 32.63% | 3.07% | 15.78% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.06% G | 1.15% | 1.19% | 1.19% | 1.23% | 1.25% | ||||||
Expenses net of fee waivers, if any | 1.05 % G | 1.15% | 1.19% | 1.18% | 1.23% | 1.25% | ||||||
Expenses net of all reductions | 1.05% G | 1.15% | 1.19% | 1.18% | 1.20% | 1.25% | ||||||
Net investment income (loss) | .99% G | 2.34% | 2.41% | .90% | .63% | 1.25% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 449,161 | $ | 368,811 | $ | 248,805 | $ | 283,133 | $ | 189,784 | $ | 208,657 |
Portfolio turnover rate H | 19 % G | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.85 | $ | 13.03 | $ | 18.54 | $ | 14.06 | $ | 13.79 | $ | 12.13 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .36 | .34 | .16 | .08 | .17 | ||||||
Net realized and unrealized gain (loss) | 1.87 | 1.71 | (3.95) | 4.41 | .34 | 1.72 | ||||||
Total from investment operations | 1.95 | 2.07 | (3.61) | 4.57 | .42 | 1.89 | ||||||
Distributions from net investment income | (.35) | (.25) | (.41) | (.09) | (.15) | (.22) | ||||||
Distributions from net realized gain | - | - | (1.49) | - | - | (.01) | ||||||
Total distributions | (.35) | (.25) | (1.90) | (.09) | (.15) | (.23) | ||||||
Net asset value, end of period | $ | 16.45 | $ | 14.85 | $ | 13.03 | $ | 18.54 | $ | 14.06 | $ | 13.79 |
Total Return C,D | 13.24 % | 15.99% | (21.37)% | 32.62% | 3.07% | 15.78% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | 1.07% G | 1.12% | 1.17% | 1.19% | 1.24% | 1.25% | ||||||
Expenses net of fee waivers, if any | 1.06 % G | 1.11% | 1.16% | 1.19% | 1.23% | 1.24% | ||||||
Expenses net of all reductions | 1.06% G | 1.11% | 1.16% | 1.19% | 1.21% | 1.24% | ||||||
Net investment income (loss) | .98% G | 2.37% | 2.44% | .90% | .63% | 1.26% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 591,718 | $ | 404,844 | $ | 129,250 | $ | 27,397 | $ | 28,034 | $ | 51,081 |
Portfolio turnover rate H | 19 % G | 30% | 33% | 64% | 43% | 80% |
Fidelity Advisor® Emerging Markets Discovery Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.82 | $ | 13.00 | $ | 18.51 | $ | 14.04 | $ | 13.77 | $ | 12.13 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .38 | .37 | .19 | .10 | .18 | ||||||
Net realized and unrealized gain (loss) | 1.86 | 1.70 | (3.95) | 4.40 | .35 | 1.72 | ||||||
Total from investment operations | 1.95 | 2.08 | (3.58) | 4.59 | .45 | 1.90 | ||||||
Distributions from net investment income | (.36) | (.26) | (.44) | (.12) | (.18) | (.26) | ||||||
Distributions from net realized gain | - | - | (1.49) | - | - | (.01) | ||||||
Total distributions | (.36) | (.26) | (1.93) | (.12) | (.18) | (.26) C | ||||||
Net asset value, end of period | $ | 16.41 | $ | 14.82 | $ | 13.00 | $ | 18.51 | $ | 14.04 | $ | 13.77 |
Total Return D,E | 13.30 % | 16.10% | (21.27)% | 32.82% | 3.24% | 15.97% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .94% H | .99% | 1.03% | 1.05% | 1.09% | 1.10% | ||||||
Expenses net of fee waivers, if any | .93 % H | .98% | 1.03% | 1.05% | 1.08% | 1.10% | ||||||
Expenses net of all reductions | .93% H | .98% | 1.03% | 1.05% | 1.06% | 1.10% | ||||||
Net investment income (loss) | 1.11% H | 2.50% | 2.57% | 1.04% | .78% | 1.40% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 169,591 | $ | 122,312 | $ | 29,546 | $ | 16,365 | $ | 11,561 | $ | 18,267 |
Portfolio turnover rate I | 19 % H | 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 | $234,548,065 |
Gross unrealized depreciation | (93,955,355) |
Net unrealized appreciation (depreciation) | $140,592,710 |
Tax cost | $1,155,766,324 |
Short-term | $(2,477,383) |
Long-term | (7,772,917) |
Total capital loss carryforward | $(10,250,300) |
Purchases ($) | Sales ($) | |
Fidelity Emerging Markets Discovery Fund | 311,964,009 | 104,695,387 |
Maximum Management Fee Rate % | |
Class A | 1.02 |
Class M | 1.02 |
Class C | 1.02 |
Emerging Markets Discovery | 1.00 |
Class I | 1.01 |
Class Z | 0.88 |
Total Management Fee Rate % | |
Class A | .95 |
Class M | .96 |
Class C | .96 |
Emerging Markets Discovery | .91 |
Class I | .95 |
Class Z | .83 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 34,835 | 2,571 |
Class M | .25% | .25% | 16,406 | 82 |
Class C | .75% | .25% | 17,421 | 1,787 |
68,662 | 4,440 |
Retained by FDC ($) | |
Class A | 4,188 |
Class M | 344 |
Class CA | 104 |
4,636 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Emerging Markets Discovery | .2000 |
Class I | .1752 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 18,487 | .20 |
Class M | 4,771 | .21 |
Class C | 2,429 | .21 |
Emerging Markets Discovery | 283,822 | .20 |
Class I | 292,454 | .17 |
Class Z | 20,495 | .04 |
622,458 |
% of Average Net Assets | |
Fidelity Emerging Markets Discovery Fund | .0455 |
% of Average Net Assets | |
Fidelity Emerging Markets Discovery Fund | .05 |
Amount ($) | |
Fidelity Emerging Markets Discovery Fund | 401 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Emerging Markets Discovery Fund | 1,344,442 | - | - |
Amount ($) | |
Fidelity Emerging Markets Discovery Fund | 1,026 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Emerging Markets Discovery Fund | 28,451 | - | - |
Expense reduction ($) | |
Class M | 30 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Emerging Markets Discovery Fund | ||
Distributions to shareholders | ||
Class A | $509,536 | $244,475 |
Class M | 117,571 | 51,851 |
Class C | 40,122 | 19,009 |
Emerging Markets Discovery | 8,637,465 | 4,513,320 |
Class I | 10,634,852 | 3,021,352 |
Class Z | 3,100,609 | 789,864 |
Total | $23,040,155 | $8,639,871 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Emerging Markets Discovery Fund | ||||
Class A | ||||
Shares sold | 357,226 | 510,197 | $5,656,991 | $7,644,504 |
Reinvestment of distributions | 32,877 | 17,518 | 509,269 | 244,303 |
Shares redeemed | (166,267) | (183,067) | (2,661,937) | (2,708,612) |
Net increase (decrease) | 223,836 | 344,648 | $3,504,323 | $5,180,195 |
Class M | ||||
Shares sold | 18,272 | 154,343 | $290,286 | $2,297,021 |
Reinvestment of distributions | 7,600 | 3,721 | 117,571 | 51,851 |
Shares redeemed | (107,083) | (49,285) | (1,708,930) | (724,267) |
Net increase (decrease) | (81,211) | 108,779 | $(1,301,073) | $1,624,605 |
Class C | ||||
Shares sold | 14,824 | 67,155 | $228,814 | $954,938 |
Reinvestment of distributions | 2,657 | 1,399 | 40,122 | 19,009 |
Shares redeemed | (39,675) | (83,426) | (616,517) | (1,201,723) |
Net increase (decrease) | (22,194) | (14,872) | $(347,581) | $(227,776) |
Emerging Markets Discovery | ||||
Shares sold | 5,929,341 | 10,451,564 | $94,821,625 | $157,422,112 |
Reinvestment of distributions | 500,754 | 291,173 | 7,796,740 | 4,078,445 |
Shares redeemed | (3,968,804) | (4,985,788) | (63,688,810) | (74,007,673) |
Net increase (decrease) | 2,461,291 | 5,756,949 | $38,929,555 | $87,492,884 |
Class I | ||||
Shares sold | 13,588,420 | 21,737,486 | $216,790,912 | $328,505,575 |
Reinvestment of distributions | 647,193 | 205,837 | 10,102,677 | 2,893,435 |
Shares redeemed | (5,527,805) | (4,589,758) | (88,048,909) | (69,325,801) |
Net increase (decrease) | 8,707,808 | 17,353,565 | $138,844,680 | $262,073,209 |
Class Z | ||||
Shares sold | 3,051,186 | 7,691,312 | $48,738,217 | $114,184,599 |
Reinvestment of distributions | 169,011 | 55,484 | 2,631,506 | 777,160 |
Shares redeemed | (1,140,765) | (1,766,483) | (18,231,707) | (26,394,560) |
Net increase (decrease) | 2,079,432 | 5,980,313 | $33,138,016 | $88,567,199 |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 8.6 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 3.8 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 3.5 | |
HDFC Bank Ltd. (India, Banks) | 1.7 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 1.7 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 1.5 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 1.3 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.1 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.1 | |
Sea Ltd. ADR (Singapore, Entertainment) | 1.0 | |
25.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 17.0 | |
Financials | 17.0 | |
Consumer Discretionary | 12.5 | |
Energy | 8.8 | |
Materials | 7.4 | |
Communication Services | 6.9 | |
Industrials | 5.1 | |
Consumer Staples | 4.4 | |
Utilities | 3.3 | |
Health Care | 2.2 | |
Real Estate | 1.0 | |
Asset Allocation (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (3.5)% |
Futures - 0.4% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 73.3% | |||
Shares | Value ($) | ||
Brazil - 4.5% | |||
Cury Construtora e Incorporado SA | 16,600 | 62,658 | |
Cyrela Brazil Realty SA | 11,300 | 44,176 | |
Dexco SA | 212,643 | 296,077 | |
ENGIE Brasil Energia SA | 29,500 | 232,360 | |
Equatorial Energia SA | 64,315 | 378,885 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 161,651 | 114,874 | |
Hypera SA (a) | 13,325 | 75,753 | |
Localiza Rent a Car SA | 62,734 | 592,352 | |
LOG Commercial Properties e Participacoes SA | 18,100 | 75,745 | |
Lojas Renner SA | 87,220 | 257,498 | |
MercadoLibre, Inc. (a) | 318 | 463,867 | |
Multiplan Empreendimentos Imobiliarios SA | 2,700 | 11,902 | |
PagSeguro Digital Ltd. (a) | 81,880 | 1,019,406 | |
PRIO SA | 39,500 | 365,135 | |
Raia Drogasil SA | 152,508 | 751,291 | |
Rede D'Oregon Sao Luiz SA (b) | 4,700 | 23,533 | |
Rumo SA | 141,000 | 547,425 | |
StoneCo Ltd. Class A (a) | 2,851 | 44,476 | |
Suzano SA | 40,300 | 453,711 | |
Transmissora Alianca de Energia Eletrica SA | 29,000 | 196,699 | |
Vale SA sponsored ADR | 79,968 | 973,211 | |
XP, Inc. Class A | 54,135 | 1,108,143 | |
YDUQS Participacoes SA | 55,268 | 155,290 | |
TOTAL BRAZIL | 8,244,467 | ||
Canada - 0.5% | |||
Barrick Gold Corp. | 56,700 | 943,488 | |
Chile - 1.0% | |||
Antofagasta PLC | 35,958 | 992,982 | |
Banco de Chile | 6,678,000 | 740,802 | |
TOTAL CHILE | 1,733,784 | ||
China - 19.7% | |||
Airtac International Group | 13,000 | 459,458 | |
Akeso, Inc. (a)(b) | 17,675 | 108,155 | |
Alibaba Group Holding Ltd. | 328,232 | 3,073,257 | |
Angelalign Technology, Inc. (b)(c) | 4,168 | 41,754 | |
Anta Sports Products Ltd. | 46,927 | 531,260 | |
Baidu, Inc. Class A (a) | 8,203 | 106,275 | |
BeiGene Ltd. ADR (a) | 441 | 67,888 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 61,200 | 78,875 | |
Bilibili, Inc. ADR (a) | 10,736 | 135,703 | |
BYD Co. Ltd. (H Shares) | 25,842 | 708,396 | |
C&S Paper Co. Ltd. (A Shares) | 154,300 | 189,087 | |
China Communications Services Corp. Ltd. (H Shares) | 480,000 | 229,463 | |
China Construction Bank Corp. (H Shares) | 3,042,000 | 1,968,147 | |
China Gas Holdings Ltd. | 219,544 | 205,566 | |
China Jushi Co. Ltd. (A Shares) | 334,100 | 549,177 | |
China Life Insurance Co. Ltd. (H Shares) | 572,000 | 753,280 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 27,100 | 31,573 | |
China Overseas Land and Investment Ltd. | 55,540 | 102,131 | |
China Petroleum & Chemical Corp. (H Shares) | 994,000 | 593,321 | |
China Resources Beer Holdings Co. Ltd. | 85,666 | 390,471 | |
China Resources Land Ltd. | 90,510 | 325,459 | |
China Tower Corp. Ltd. (H Shares) (b) | 488,502 | 57,184 | |
ENN Energy Holdings Ltd. | 45,900 | 391,086 | |
ESR Group Ltd. (b) | 41,600 | 45,588 | |
Foxconn Industrial Internet Co. Ltd. (A Shares) | 15,615 | 51,595 | |
Fuyao Glass Industries Group Co. Ltd. (A Shares) | 59,700 | 410,485 | |
Glodon Co. Ltd. (A Shares) | 21,000 | 32,661 | |
Guangdong Investment Ltd. | 280,000 | 146,262 | |
Haier Smart Home Co. Ltd. | 218,800 | 810,441 | |
Haier Smart Home Co. Ltd. (A Shares) | 105,948 | 440,778 | |
Haitian International Holdings Ltd. | 108,000 | 351,740 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 92,715 | 204,872 | |
Hygeia Healthcare Holdings Co. (b)(c) | 9,198 | 37,964 | |
Innovent Biologics, Inc. (a)(b) | 49,563 | 239,933 | |
JD.com, Inc.: | |||
Class A | 45,380 | 653,852 | |
sponsored ADR | 3,500 | 101,115 | |
Kanzhun Ltd. ADR | 5,170 | 102,314 | |
KE Holdings, Inc. ADR | 15,267 | 230,837 | |
Kuaishou Technology Class B (a)(b) | 36,004 | 252,414 | |
Kunlun Energy Co. Ltd. | 342,040 | 331,566 | |
Kweichow Moutai Co. Ltd. (A Shares) | 3,200 | 750,292 | |
Lenovo Group Ltd. | 22,225 | 24,998 | |
Li Auto, Inc.: | |||
ADR (a) | 10,030 | 263,588 | |
Class A (a) | 1,456 | 19,076 | |
Li Ning Co. Ltd. | 200,600 | 525,145 | |
Medlive Technology Co. Ltd. (b) | 66,407 | 69,762 | |
Meituan Class B (a)(b) | 150,356 | 2,053,041 | |
Midea Group Co. Ltd. (A Shares) | 30,000 | 288,533 | |
NetEase, Inc. ADR | 3,081 | 287,981 | |
New Oriental Education & Technology Group, Inc. (a) | 4,971 | 39,499 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 6,586 | 507,781 | |
PDD Holdings, Inc. ADR (a) | 21,353 | 2,672,969 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 323,500 | 1,466,129 | |
Proya Cosmetics Co. Ltd. (A Shares) | 38,356 | 578,703 | |
Shangri-La Asia Ltd. | 46,000 | 32,085 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 76,800 | 629,834 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 5,587 | 234,597 | |
Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd. (H Shares) (c) | 2,101 | 44,688 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 299,000 | 192,587 | |
Sinopharm Group Co. Ltd. (H Shares) | 59,964 | 151,431 | |
Sinotruk Hong Kong Ltd. | 104,500 | 260,070 | |
TAL Education Group ADR (a) | 14,260 | 171,690 | |
Tencent Holdings Ltd. | 143,509 | 6,297,634 | |
Tongdao Liepin Group (a) | 28,670 | 10,964 | |
TravelSky Technology Ltd. (H Shares) | 145,000 | 188,360 | |
Trip.com Group Ltd. ADR (a) | 18,193 | 877,994 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 62,000 | 446,797 | |
Uni-President China Holdings Ltd. | 232,600 | 178,378 | |
Vipshop Holdings Ltd. ADR | 15,982 | 240,369 | |
Xiaomi Corp. Class B (a)(b) | 21,289 | 46,408 | |
Xinyi Solar Holdings Ltd. | 41,710 | 28,699 | |
Yifeng Pharmacy Chain Co. Ltd. | 11,662 | 70,542 | |
ZTO Express, Inc. sponsored ADR | 34,495 | 724,050 | |
TOTAL CHINA | 35,916,057 | ||
Greece - 0.8% | |||
Alpha Bank SA (a) | 494,600 | 840,581 | |
Piraeus Financial Holdings SA (a) | 161,200 | 645,759 | |
TOTAL GREECE | 1,486,340 | ||
Hong Kong - 0.5% | |||
ASMPT Ltd. | 4,862 | 60,423 | |
Huanxi Media Group Ltd. (a) | 761,081 | 55,096 | |
Kerry Properties Ltd. | 38,000 | 73,667 | |
Prudential PLC | 80,056 | 696,275 | |
TOTAL HONG KONG | 885,461 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 10,288 | 261,984 | |
India - 12.7% | |||
Apollo Hospitals Enterprise Ltd. | 3,160 | 224,691 | |
Bajaj Auto Ltd. | 4,156 | 443,559 | |
Bajaj Finance Ltd. | 14,364 | 1,191,187 | |
Bharat Electronics Ltd. | 305,800 | 854,888 | |
Bharti Airtel Ltd. | 64,832 | 1,025,914 | |
Coal India Ltd. | 113,900 | 619,092 | |
Divi's Laboratories Ltd. | 3,771 | 180,513 | |
Embassy Office Parks (REIT) | 13,200 | 56,432 | |
HDFC Bank Ltd. | 173,396 | 3,148,078 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 123,100 | 859,000 | |
Hero Motocorp Ltd. | 7,582 | 411,374 | |
Hindustan Aeronautics Ltd. | 17,700 | 835,054 | |
ICICI Bank Ltd. | 80,700 | 1,111,645 | |
Indraprastha Gas Ltd. | 49,093 | 275,352 | |
Infosys Ltd. sponsored ADR | 2,607 | 43,563 | |
ITC Ltd. | 149,113 | 777,289 | |
JK Cement Ltd. | 16,174 | 773,477 | |
Larsen & Toubro Ltd. | 25,558 | 1,098,322 | |
Mahanagar Gas Ltd. | 19,625 | 339,110 | |
Mahindra & Mahindra Ltd. | 5,900 | 152,141 | |
MakeMyTrip Ltd. (a) | 6,020 | 398,584 | |
Mankind Pharma Ltd. | 5,482 | 154,931 | |
Max Healthcare Institute Ltd. | 9,875 | 99,205 | |
NTPC Ltd. | 161,238 | 700,531 | |
Petronet LNG Ltd. | 54,706 | 203,000 | |
Power Grid Corp. of India Ltd. | 195,716 | 705,703 | |
Reliance Industries Ltd. | 67,413 | 2,365,811 | |
Shree Cement Ltd. | 1,251 | 366,150 | |
Sona Blw Precision Forgings Ltd. (b) | 29,667 | 221,695 | |
Star Health & Allied Insurance Co. Ltd. (a) | 87,500 | 599,011 | |
Sun Pharmaceutical Industries Ltd. | 21,486 | 385,890 | |
Tata Motors Ltd. | 17,660 | 212,902 | |
Tata Steel Ltd. | 414,000 | 815,838 | |
Torrent Pharmaceuticals Ltd. | 6,062 | 191,440 | |
Zomato Ltd. (a) | 566,079 | 1,306,098 | |
TOTAL INDIA | 23,147,470 | ||
Indonesia - 1.8% | |||
First Resources Ltd. | 325,500 | 335,335 | |
PT Bank Central Asia Tbk | 2,155,800 | 1,296,249 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 3,858,679 | 1,168,036 | |
PT Sumber Alfaria Trijaya Tbk | 2,394,900 | 430,720 | |
PT Telkom Indonesia Persero Tbk | 426,100 | 82,603 | |
TOTAL INDONESIA | 3,312,943 | ||
Kazakhstan - 0.1% | |||
Kaspi.KZ JSC ADR | 1,800 | 211,968 | |
Korea (South) - 7.0% | |||
AMOREPACIFIC Corp. | 6,690 | 813,130 | |
Celltrion, Inc. | 1,818 | 246,165 | |
Coway Co. Ltd. | 6,830 | 272,888 | |
Delivery Hero AG (a)(b) | 3,272 | 91,543 | |
HPSP Co. Ltd. | 400 | 11,168 | |
Hyundai Motor Co. Ltd. | 1,502 | 269,417 | |
Kakao Corp. | 4,718 | 163,392 | |
Kakao Pay Corp. (a) | 1,872 | 47,045 | |
Kia Corp. | 8,740 | 738,403 | |
LG Corp. | 6,550 | 372,683 | |
LS Electric Co. Ltd. | 2,450 | 308,324 | |
NAVER Corp. | 3,955 | 520,202 | |
Samsung Biologics Co. Ltd. (a)(b) | 616 | 345,258 | |
Samsung Electronics Co. Ltd. | 126,761 | 7,026,492 | |
Samsung SDI Co. Ltd. | 35 | 10,801 | |
SK Hynix, Inc. | 13,110 | 1,613,319 | |
TOTAL KOREA (SOUTH) | 12,850,230 | ||
Mauritius - 0.0% | |||
Jumo World Holding Ltd. (d)(e) | 30,055 | 48,689 | |
Jumo World Ltd. (a)(e) | 30 | 0 | |
TOTAL MAURITIUS | 48,689 | ||
Mexico - 1.7% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 66,500 | 526,015 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 20,155 | 71,310 | |
Fibra Uno Administracion SA de CV | 76,300 | 109,523 | |
Gruma S.A.B. de CV Series B | 2,500 | 49,102 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 162,521 | 1,608,536 | |
Wal-Mart de Mexico SA de CV Series V | 175,200 | 653,724 | |
TOTAL MEXICO | 3,018,210 | ||
Netherlands - 0.1% | |||
CTP BV (b) | 5,352 | 91,158 | |
CTP BV rights (a)(f) | 5,352 | 1,571 | |
TOTAL NETHERLANDS | 92,729 | ||
Panama - 0.2% | |||
Copa Holdings SA Class A | 4,486 | 428,413 | |
Peru - 0.4% | |||
Credicorp Ltd. (United States) | 4,579 | 758,328 | |
Philippines - 0.3% | |||
Ayala Land, Inc. | 322,400 | 159,955 | |
SM Investments Corp. | 15,000 | 246,485 | |
SM Prime Holdings, Inc. | 205,900 | 99,576 | |
TOTAL PHILIPPINES | 506,016 | ||
Poland - 0.2% | |||
CD Projekt SA | 4,705 | 137,448 | |
Dino Polska SA (a)(b) | 2,900 | 278,747 | |
TOTAL POLAND | 416,195 | ||
Puerto Rico - 0.0% | |||
Liberty Latin America Ltd. Class C (a) | 7,700 | 58,058 | |
Romania - 0.1% | |||
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA | 2,900 | 83,769 | |
Russia - 0.5% | |||
Gazprom OAO sponsored ADR (Reg. S) (a)(e) | 155,600 | 77,178 | |
LSR Group OJSC (a)(e) | 755 | 756 | |
LUKOIL PJSC sponsored ADR (a)(e) | 35,200 | 443,520 | |
Novatek PJSC GDR (Reg. S) (a)(e) | 9,100 | 444,080 | |
Sberbank of Russia (a)(e) | 30 | 0 | |
Sberbank of Russia sponsored ADR (a)(e) | 324,104 | 5,769 | |
Severstal PAO GDR (Reg. S) (a)(e) | 83,700 | 1,976 | |
TOTAL RUSSIA | 973,279 | ||
Saudi Arabia - 2.7% | |||
Al Rajhi Bank | 53,814 | 1,146,414 | |
Alinma Bank | 107,100 | 952,324 | |
Bupa Arabia for Cooperative Insurance Co. | 13,175 | 847,280 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 1,939 | 160,575 | |
Sabic Agriculture-Nutrients Co. | 6,800 | 209,950 | |
Saudi Arabian Oil Co. (b) | 25,100 | 201,437 | |
The Saudi National Bank | 137,867 | 1,382,125 | |
TOTAL SAUDI ARABIA | 4,900,105 | ||
Singapore - 1.0% | |||
Sea Ltd. ADR (a) | 27,353 | 1,728,436 | |
South Africa - 2.6% | |||
Capitec Bank Holdings Ltd. | 10,650 | 1,318,075 | |
Discovery Ltd. | 103,100 | 656,816 | |
Gold Fields Ltd. | 29,500 | 477,241 | |
Impala Platinum Holdings Ltd. | 106,200 | 472,755 | |
Naspers Ltd. Class N | 5,453 | 1,043,582 | |
Pick 'n Pay Stores Ltd. | 141,000 | 150,123 | |
Shoprite Holdings Ltd. | 47,400 | 632,426 | |
TOTAL SOUTH AFRICA | 4,751,018 | ||
Taiwan - 13.1% | |||
Alchip Technologies Ltd. | 10,062 | 947,311 | |
ASE Technology Holding Co. Ltd. | 85,471 | 383,816 | |
Asia Vital Components Co. Ltd. | 9,474 | 186,549 | |
AURAS Technology Co. Ltd. | 13,304 | 321,063 | |
BizLink Holding, Inc. | 31,027 | 218,193 | |
Chailease Holding Co. Ltd. | 188,626 | 993,094 | |
Chroma ATE, Inc. | 1,768 | 14,334 | |
Delta Electronics, Inc. | 60,000 | 586,553 | |
eMemory Technology, Inc. | 5,946 | 398,935 | |
Formosa Plastics Corp. | 149,000 | 312,483 | |
Gigabyte Technology Co. Ltd. | 15,374 | 138,402 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 131,000 | 622,497 | |
King Yuan Electronics Co. Ltd. | 16,013 | 46,512 | |
M31 Technology Corp. | 1,689 | 61,364 | |
MediaTek, Inc. | 1,349 | 40,602 | |
Quanta Computer, Inc. | 139,000 | 1,088,966 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 653,161 | 15,611,298 | |
Uni-President Enterprises Corp. | 229,000 | 536,189 | |
Unimicron Technology Corp. | 58,787 | 324,516 | |
Wistron Corp. | 95,000 | 324,707 | |
Wiwynn Corp. | 11,043 | 784,192 | |
TOTAL TAIWAN | 23,941,576 | ||
Tanzania - 0.0% | |||
Helios Towers PLC (a) | 54,000 | 66,666 | |
Thailand - 0.3% | |||
PTT Global Chemical PCL (For. Reg.) | 426,900 | 419,928 | |
Supalai PCL (For. Reg.) | 101,400 | 53,891 | |
TOTAL THAILAND | 473,819 | ||
United Arab Emirates - 0.1% | |||
Emaar Properties PJSC | 99,400 | 222,188 | |
United States of America - 1.2% | |||
FirstCash Holdings, Inc. | 7,701 | 870,059 | |
Legend Biotech Corp. ADR (a) | 6,624 | 289,734 | |
Tenaris SA sponsored ADR | 8,700 | 287,013 | |
Titan Cement International Trading SA | 25,900 | 818,158 | |
TOTAL UNITED STATES OF AMERICA | 2,264,964 | ||
TOTAL COMMON STOCKS (Cost $105,697,301) | 133,726,650 | ||
Preferred Stocks - 1.8% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.0% | |||
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 11,962 | 58,973 | |
India - 0.2% | |||
Meesho Series F (a)(d)(e) | 7,108 | 404,943 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 463,916 | ||
Nonconvertible Preferred Stocks - 1.6% | |||
Brazil - 1.2% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 38,500 | 185,138 | |
Metalurgica Gerdau SA (PN) | 271,170 | 552,513 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 48,806 | 786,753 | |
sponsored ADR | 40,900 | 694,073 | |
2,218,477 | |||
Korea (South) - 0.3% | |||
Hyundai Motor Co. Ltd. Series 2 | 4,341 | 494,648 | |
Samsung Electronics Co. Ltd. | 769 | 35,805 | |
530,453 | |||
United States of America - 0.1% | |||
Gupshup, Inc. (a)(d)(e) | 8,409 | 88,547 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 2,837,477 | ||
TOTAL PREFERRED STOCKS (Cost $2,166,702) | 3,301,393 | ||
Corporate Bonds - 10.1% | |||
Principal Amount (g) | Value ($) | ||
Convertible Bonds - 0.2% | |||
Brazil - 0.2% | |||
Creditas Financial Solutions Ltd. 5% 7/28/27 (d)(e) | 506,964 | 482,376 | |
Nonconvertible Bonds - 9.9% | |||
Azerbaijan - 0.2% | |||
Southern Gas Corridor CJSC 6.875% 3/24/26 (b) | 395,000 | 396,778 | |
Brazil - 0.6% | |||
Braskem Netherlands BV 7.25% 2/13/33 (b) | 170,000 | 161,160 | |
Embraer Netherlands Finance BV: | |||
5.4% 2/1/27 | 55,000 | 54,158 | |
7% 7/28/30 (b) | 240,000 | 245,850 | |
MARB BondCo PLC 3.95% 1/29/31 (b) | 145,000 | 116,181 | |
MC Brazil Downstream Trading SARL 7.25% 6/30/31 (b) | 366,039 | 316,166 | |
Samarco Mineracao SA 9% 6/30/31 pay-in-kind (b)(h) | 164,786 | 150,285 | |
1,043,800 | |||
Burkina Faso - 0.2% | |||
Endeavour Mining PLC 5% 10/14/26 (b) | 285,000 | 267,544 | |
Chile - 0.6% | |||
Antofagasta PLC 2.375% 10/14/30 (b) | 250,000 | 199,963 | |
Corporacion Nacional del Cobre de Chile (Codelco): | |||
4.5% 8/1/47 (b) | 250,000 | 188,750 | |
5.95% 1/8/34 (b) | 200,000 | 194,063 | |
6.3% 9/8/53 (b) | 200,000 | 189,313 | |
Sable International Finance Ltd. 5.75% 9/7/27 (b) | 200,000 | 190,073 | |
VTR Comunicaciones SpA 5.125% 1/15/28 (b) | 200,000 | 158,750 | |
1,120,912 | |||
China - 0.4% | |||
Ant International Co. Ltd. 3.55% 8/14/24 (d)(e) | 585,256 | 586,017 | |
Prosus NV 3.832% 2/8/51 (b) | 225,000 | 138,094 | |
724,111 | |||
Colombia - 0.4% | |||
Aris Mining Corp. 6.875% 8/9/26 (b) | 200,000 | 185,000 | |
EnfraGen Energia Sur SA 5.375% 12/30/30 (b) | 200,000 | 163,063 | |
GeoPark Ltd. 5.5% 1/17/27 (b) | 200,000 | 179,813 | |
Termocandelaria Power Ltd. 7.875% 1/30/29 (b) | 234,500 | 232,800 | |
760,676 | |||
Ghana - 0.4% | |||
Kosmos Energy Ltd. 7.125% 4/4/26 (b) | 320,000 | 310,900 | |
Tullow Oil PLC: | |||
7% 3/1/25 (b) | 200,000 | 193,375 | |
10.25% 5/15/26 (b) | 261,000 | 251,783 | |
756,058 | |||
Guatemala - 0.3% | |||
CT Trust 5.125% 2/3/32 (b) | 240,000 | 208,164 | |
Investment Energy Resources Ltd. 6.25% 4/26/29 (b) | 260,000 | 247,894 | |
456,058 | |||
Hungary - 0.1% | |||
Magyar Export-Import Bank 6.125% 12/4/27 (b) | 200,000 | 200,000 | |
India - 0.1% | |||
CA Magnum Holdings 5.375% 10/31/26 (b) | 200,000 | 189,200 | |
Indonesia - 0.7% | |||
Medco Bell Pte Ltd. 6.375% 1/30/27 (b) | 335,000 | 325,473 | |
PT Freeport Indonesia 6.2% 4/14/52 (b) | 200,000 | 187,260 | |
PT Indonesia Asahan Aluminium 5.45% 5/15/30 (b) | 415,000 | 401,799 | |
PT Pertamina Persero 4.175% 1/21/50 (b) | 450,000 | 332,156 | |
1,246,688 | |||
Israel - 0.2% | |||
Energean Israel Finance Ltd. 8.5% 9/30/33 (Reg. S) (b) | 250,000 | 240,120 | |
Energean PLC 6.5% 4/30/27 (b) | 160,000 | 148,800 | |
388,920 | |||
Kazakhstan - 0.2% | |||
KazMunaiGaz National Co. 3.5% 4/14/33 (b) | 200,000 | 159,938 | |
Tengizchevroil Finance Co. International Ltd. 3.25% 8/15/30 (b) | 350,000 | 279,344 | |
439,282 | |||
Malaysia - 0.4% | |||
Petronas Capital Ltd.: | |||
3.404% 4/28/61 (b) | 500,000 | 319,245 | |
3.5% 4/21/30 (b) | 450,000 | 404,123 | |
723,368 | |||
Mexico - 1.2% | |||
Bimbo Bakeries U.S.A., Inc. 6.4% 1/15/34 (b) | 200,000 | 206,748 | |
Braskem Idesa SAPI: | |||
6.99% 2/20/32 (b) | 160,000 | 120,000 | |
7.45% 11/15/29 (b) | 135,000 | 106,610 | |
Petroleos Mexicanos: | |||
6.5% 6/2/41 | 170,000 | 112,583 | |
6.625% 6/15/35 | 85,000 | 62,782 | |
6.7% 2/16/32 | 415,000 | 339,927 | |
6.75% 9/21/47 | 960,000 | 612,048 | |
6.84% 1/23/30 | 80,000 | 69,192 | |
6.95% 1/28/60 | 225,000 | 143,190 | |
7.69% 1/23/50 | 589,000 | 411,063 | |
2,184,143 | |||
Morocco - 0.1% | |||
OCP SA: | |||
5.125% 6/23/51 (b) | 200,000 | 144,750 | |
6.875% 4/25/44 (b) | 85,000 | 78,067 | |
222,817 | |||
Nigeria - 0.2% | |||
IHS Netherlands Holdco BV 8% 9/18/27 (b) | 315,000 | 296,100 | |
Panama - 0.2% | |||
Aeropuerto Internacional de Tocumen SA 5.125% 8/11/61 (b) | 200,000 | 141,125 | |
Telecomunicaciones Digitales SA 4.5% 1/30/30 (b) | 330,000 | 290,730 | |
431,855 | |||
Paraguay - 0.1% | |||
Telefonica Celular del Paraguay SA 5.875% 4/15/27 (b) | 250,000 | 244,673 | |
Peru - 0.2% | |||
Camposol SA 6% 2/3/27 (b) | 300,000 | 233,063 | |
Compania de Minas Buenaventura SAA 5.5% 7/23/26 (b) | 165,000 | 157,936 | |
390,999 | |||
Qatar - 0.5% | |||
QatarEnergy: | |||
2.25% 7/12/31 (b) | 305,000 | 248,194 | |
3.125% 7/12/41 (b) | 650,000 | 466,375 | |
3.3% 7/12/51 (b) | 230,000 | 153,525 | |
868,094 | |||
Saudi Arabia - 0.9% | |||
EIG Pearl Holdings SARL 3.545% 8/31/36 (b) | 420,000 | 348,994 | |
Greensaif Pipelines Bidco SARL 6.129% 2/23/38 (b) | 200,000 | 196,750 | |
Saudi Arabian Oil Co.: | |||
3.25% 11/24/50 (b) | 260,000 | 167,515 | |
4.25% 4/16/39 (b) | 1,080,000 | 911,588 | |
1,624,847 | |||
South Africa - 0.5% | |||
Eskom Holdings SOC Ltd.: | |||
7.125% 2/11/25 (b) | 410,000 | 407,438 | |
8.45% 8/10/28 (b) | 235,000 | 231,181 | |
Liquid Telecommunications Financing PLC 5.5% 9/4/26 (b) | 270,000 | 159,131 | |
Stillwater Mining Co. 4% 11/16/26 (b) | 165,000 | 147,520 | |
945,270 | |||
Ukraine - 0.1% | |||
NAK Naftogaz Ukraine 7.65% (Reg. S) (i) | 190,000 | 162,450 | |
United Arab Emirates - 0.7% | |||
Abu Dhabi National Energy Co. PJSC: | |||
4% 10/3/49 (b) | 115,000 | 89,377 | |
4.696% 4/24/33 (b) | 165,000 | 156,595 | |
4.875% 4/23/30 (b) | 50,000 | 48,953 | |
Galaxy Pipeline Assets BidCo Ltd.: | |||
2.16% 3/31/34 (b) | 364,680 | 305,237 | |
2.625% 3/31/36 (b) | 220,000 | 173,360 | |
GEMS MENASA Cayman Ltd./GEMS Education Delaware LLC 7.125% 7/31/26 (b) | 250,000 | 248,516 | |
MDGH GMTN RSC Ltd. 5.5% 4/28/33 (b) | 200,000 | 200,688 | |
1,222,726 | |||
Venezuela - 0.4% | |||
Petroleos de Venezuela SA: | |||
6% (b)(i) | 3,325,000 | 399,000 | |
6% (Reg. S) (i) | 2,775,000 | 337,163 | |
736,163 | |||
TOTAL NONCONVERTIBLE BONDS | 18,043,532 | ||
TOTAL CORPORATE BONDS (Cost $20,870,722) | 18,525,908 | ||
Government Obligations - 17.9% | |||
Principal Amount (g) | Value ($) | ||
Angola - 0.5% | |||
Angola Republic: | |||
8% 11/26/29 (b) | 50,000 | 45,625 | |
8.25% 5/9/28 (b) | 150,000 | 141,422 | |
8.75% 4/14/32 (b) | 200,000 | 180,938 | |
9.125% 11/26/49 (b) | 225,000 | 188,016 | |
9.375% 5/8/48 (b) | 120,000 | 102,000 | |
9.5% 11/12/25 (b) | 265,000 | 270,168 | |
TOTAL ANGOLA | 928,169 | ||
Argentina - 0.7% | |||
Argentine Republic: | |||
0.75% 7/9/30 (j) | 410,365 | 236,781 | |
1% 7/9/29 | 188,666 | 111,254 | |
3.625% 7/9/35 (j) | 1,607,734 | 734,734 | |
4.25% 1/9/38 (j) | 331,834 | 168,240 | |
TOTAL ARGENTINA | 1,251,009 | ||
Bahrain - 0.1% | |||
Bahrain Kingdom 7.5% 2/12/36 (b) | 200,000 | 198,700 | |
Benin - 0.2% | |||
Republic of Benin: | |||
4.875% 1/19/32 (b) | EUR | 140,000 | 126,437 |
7.96% 2/13/38 (b) | 200,000 | 188,938 | |
TOTAL BENIN | 315,375 | ||
Brazil - 0.4% | |||
Brazilian Federative Republic: | |||
3.875% 6/12/30 | 375,000 | 329,063 | |
4.75% 1/14/50 | 230,000 | 161,805 | |
6% 10/20/33 | 295,000 | 281,578 | |
TOTAL BRAZIL | 772,446 | ||
Chile - 0.4% | |||
Chilean Republic: | |||
3.5% 1/31/34 | 280,000 | 236,513 | |
4% 1/31/52 | 200,000 | 148,250 | |
4.34% 3/7/42 | 200,000 | 166,125 | |
5.33% 1/5/54 | 230,000 | 208,653 | |
TOTAL CHILE | 759,541 | ||
Colombia - 0.9% | |||
Colombian Republic: | |||
3% 1/30/30 | 215,000 | 172,000 | |
3.125% 4/15/31 | 548,000 | 422,234 | |
5% 6/15/45 | 165,000 | 113,025 | |
5.2% 5/15/49 | 185,000 | 127,095 | |
6.125% 1/18/41 | 200,000 | 163,600 | |
7.375% 9/18/37 | 125,000 | 118,688 | |
7.5% 2/2/34 | 200,000 | 195,900 | |
8% 4/20/33 | 160,000 | 162,480 | |
Ecopetrol SA 8.375% 1/19/36 | 75,000 | 72,794 | |
TOTAL COLOMBIA | 1,547,816 | ||
Costa Rica - 0.3% | |||
Costa Rican Republic: | |||
6.55% 4/3/34 (b) | 285,000 | 287,708 | |
7% 4/4/44 (b) | 105,000 | 106,477 | |
7.3% 11/13/54 (b) | 200,000 | 208,000 | |
TOTAL COSTA RICA | 602,185 | ||
Dominican Republic - 1.0% | |||
Dominican Republic: | |||
4.5% 1/30/30 (b) | 265,000 | 236,248 | |
4.875% 9/23/32 (b) | 445,000 | 389,653 | |
5.3% 1/21/41 (b) | 200,000 | 164,188 | |
5.875% 1/30/60 (b) | 450,000 | 367,172 | |
6% 2/22/33 (b) | 225,000 | 212,400 | |
6.5% 2/15/48 (b) | 200,000 | 182,625 | |
6.85% 1/27/45 (b) | 175,000 | 166,523 | |
7.05% 2/3/31 (b) | 150,000 | 151,547 | |
TOTAL DOMINICAN REPUBLIC | 1,870,356 | ||
Ecuador - 0.4% | |||
Ecuador Republic: | |||
2.5% 7/31/40 (b)(j) | 250,000 | 124,125 | |
3.5% 7/31/35 (b)(j) | 705,256 | 384,365 | |
6% 7/31/30 (b)(j) | 390,630 | 273,246 | |
TOTAL ECUADOR | 781,736 | ||
Egypt - 0.8% | |||
Arab Republic of Egypt: | |||
yield at date of purchase 29.1003% to 31.6253% 12/10/24 to 3/18/25 | EGP | 6,375,000 | 111,272 |
7.5% 1/31/27 (b) | 200,000 | 189,250 | |
7.903% 2/21/48 (b) | 865,000 | 629,017 | |
8.5% 1/31/47 (b) | 710,000 | 541,943 | |
TOTAL EGYPT | 1,471,482 | ||
El Salvador - 0.2% | |||
El Salvador Republic: | |||
7.1246% 1/20/50 (b) | 335,000 | 214,400 | |
7.65% 6/15/35 (b) | 170,000 | 122,506 | |
TOTAL EL SALVADOR | 336,906 | ||
Gabon - 0.2% | |||
Gabonese Republic: | |||
6.625% 2/6/31 (b) | 70,000 | 54,950 | |
7% 11/24/31 (b) | 390,000 | 307,125 | |
TOTAL GABON | 362,075 | ||
Ghana - 0.3% | |||
Ghana Republic: | |||
8.125% (b)(i) | 200,000 | 99,438 | |
8.627% (b)(i) | 215,000 | 102,039 | |
10.75% 10/14/30 (b) | 475,000 | 308,750 | |
TOTAL GHANA | 510,227 | ||
Guatemala - 0.2% | |||
Guatemalan Republic 6.125% 6/1/50 (b) | 350,000 | 306,250 | |
Hungary - 0.4% | |||
Hungarian Republic: | |||
2.125% 9/22/31 (b) | 300,000 | 231,180 | |
5.5% 6/16/34 (b) | 95,000 | 90,495 | |
6.75% 9/25/52 (b) | 200,000 | 205,750 | |
7.625% 3/29/41 | 125,000 | 138,809 | |
TOTAL HUNGARY | 666,234 | ||
Indonesia - 0.5% | |||
Indonesian Republic: | |||
3.35% 3/12/71 | 220,000 | 135,369 | |
3.5% 2/14/50 | 380,000 | 264,100 | |
4.2% 10/15/50 | 300,000 | 237,281 | |
8.5% 10/12/35 (b) | 150,000 | 186,047 | |
TOTAL INDONESIA | 822,797 | ||
Ivory Coast - 0.3% | |||
Ivory Coast: | |||
5.875% 10/17/31 (b) | EUR | 255,000 | 245,453 |
6.375% 3/3/28 (b) | 260,000 | 252,337 | |
TOTAL IVORY COAST | 497,790 | ||
Jordan - 0.1% | |||
Jordanian Kingdom 7.375% 10/10/47 (b) | 280,000 | 238,700 | |
Kenya - 0.2% | |||
Republic of Kenya: | |||
6.3% 1/23/34 (b) | 280,000 | 221,725 | |
9.75% 2/16/31 (b) | 200,000 | 200,563 | |
TOTAL KENYA | 422,288 | ||
Lebanon - 0.1% | |||
Lebanese Republic 6.375% (i) | 2,090,000 | 130,625 | |
Mexico - 0.5% | |||
United Mexican States: | |||
4.35% 1/15/47 | 255,000 | 187,808 | |
4.75% 3/8/44 | 150,000 | 118,575 | |
6% 5/7/36 | 250,000 | 240,500 | |
6.338% 5/4/53 | 200,000 | 186,500 | |
6.35% 2/9/35 | 220,000 | 219,038 | |
TOTAL MEXICO | 952,421 | ||
Mongolia - 0.1% | |||
Mongolia Government 7.875% 6/5/29 (b) | 200,000 | 202,272 | |
Montenegro - 0.1% | |||
Republic of Montenegro 7.25% 3/12/31 (b) | 200,000 | 200,313 | |
Nigeria - 0.7% | |||
Republic of Nigeria: | |||
yield at date of purchase 26.7874% 3/6/25 | NGN | 158,590,000 | 96,614 |
6.125% 9/28/28 (b) | 325,000 | 286,796 | |
6.5% 11/28/27 (b) | 230,000 | 212,267 | |
7.143% 2/23/30 (b) | 275,000 | 241,570 | |
7.875% 2/16/32 (b) | 40,000 | 35,000 | |
8.25% 9/28/51 (b) | 200,000 | 156,813 | |
8.375% 3/24/29 (b) | 190,000 | 180,073 | |
TOTAL NIGERIA | 1,209,133 | ||
Oman - 0.7% | |||
Sultanate of Oman: | |||
6% 8/1/29 (b) | 285,000 | 285,267 | |
6.25% 1/25/31 (b) | 300,000 | 303,281 | |
6.5% 3/8/47 (b) | 650,000 | 630,370 | |
7% 1/25/51 (b) | 115,000 | 117,480 | |
TOTAL OMAN | 1,336,398 | ||
Pakistan - 0.4% | |||
Islamic Republic of Pakistan: | |||
6% 4/8/26 (b) | 245,000 | 220,653 | |
6.875% 12/5/27 (b) | 560,000 | 478,862 | |
TOTAL PAKISTAN | 699,515 | ||
Panama - 0.7% | |||
Panamanian Republic: | |||
2.252% 9/29/32 | 485,000 | 334,893 | |
3.298% 1/19/33 | 190,000 | 141,847 | |
4.5% 5/15/47 | 205,000 | 135,172 | |
6.4% 2/14/35 | 250,000 | 229,000 | |
6.853% 3/28/54 | 200,000 | 174,313 | |
7.875% 3/1/57 | 200,000 | 196,250 | |
TOTAL PANAMA | 1,211,475 | ||
Paraguay - 0.3% | |||
Republic of Paraguay: | |||
2.739% 1/29/33 (b) | 215,000 | 168,977 | |
5.4% 3/30/50 (b) | 215,000 | 179,055 | |
5.6% 3/13/48 (b) | 65,000 | 55,981 | |
6% 2/9/36 (b) | 200,000 | 194,875 | |
TOTAL PARAGUAY | 598,888 | ||
Peru - 0.2% | |||
Peruvian Republic: | |||
2.783% 1/23/31 | 210,000 | 174,825 | |
3.3% 3/11/41 | 310,000 | 219,906 | |
TOTAL PERU | 394,731 | ||
Philippines - 0.3% | |||
Philippine Republic: | |||
2.65% 12/10/45 | 230,000 | 141,738 | |
2.95% 5/5/45 | 320,000 | 210,800 | |
5.95% 10/13/47 | 225,000 | 228,400 | |
TOTAL PHILIPPINES | 580,938 | ||
Poland - 0.2% | |||
Bank Gospodarstwa Krajowego 6.25% 10/31/28 (b) | 200,000 | 205,500 | |
Polish Government: | |||
5.5% 4/4/53 | 170,000 | 160,839 | |
5.5% 3/18/54 | 75,000 | 70,609 | |
TOTAL POLAND | 436,948 | ||
Qatar - 0.7% | |||
State of Qatar: | |||
4.4% 4/16/50 (b) | 425,000 | 352,750 | |
4.625% 6/2/46 (b) | 225,000 | 196,242 | |
4.817% 3/14/49 (b) | 855,000 | 755,051 | |
TOTAL QATAR | 1,304,043 | ||
Romania - 0.4% | |||
Romanian Republic: | |||
2% 4/14/33 (Reg. S) | EUR | 60,000 | 47,944 |
3.375% 1/28/50 (Reg. S) | EUR | 100,000 | 72,025 |
3.625% 3/27/32 (b) | 84,000 | 69,668 | |
6.125% 1/22/44 (b) | 400,000 | 374,875 | |
7.125% 1/17/33 (b) | 35,000 | 36,094 | |
8% 4/29/30 | RON | 295,000 | 67,013 |
TOTAL ROMANIA | 667,619 | ||
Rwanda - 0.1% | |||
Rwanda Republic 5.5% 8/9/31 (b) | 200,000 | 161,500 | |
Saudi Arabia - 0.2% | |||
Kingdom of Saudi Arabia: | |||
2.25% 2/2/33 (b) | 245,000 | 190,488 | |
3.45% 2/2/61 (b) | 370,000 | 228,013 | |
TOTAL SAUDI ARABIA | 418,501 | ||
Senegal - 0.1% | |||
Republic of Senegal 6.75% 3/13/48 (b) | 200,000 | 147,375 | |
Serbia - 0.2% | |||
Republic of Serbia: | |||
2.125% 12/1/30 (b) | 295,000 | 229,547 | |
6.25% 5/26/28 (b) | 105,000 | 105,066 | |
6.5% 9/26/33 (b) | 55,000 | 54,863 | |
TOTAL SERBIA | 389,476 | ||
South Africa - 0.3% | |||
South African Republic: | |||
5% 10/12/46 | 155,000 | 100,944 | |
5.65% 9/27/47 | 325,000 | 229,531 | |
5.75% 9/30/49 | 295,000 | 209,450 | |
TOTAL SOUTH AFRICA | 539,925 | ||
Sri Lanka - 0.3% | |||
Democratic Socialist Republic of Sri Lanka: | |||
6.2% (b)(i) | 360,000 | 203,440 | |
6.85% (b)(i) | 345,000 | 198,413 | |
7.55% (b)(i) | 150,000 | 84,422 | |
7.85% (b)(i) | 210,000 | 118,411 | |
TOTAL SRI LANKA | 604,686 | ||
TAJIKISTAN - 0.1% | |||
Tajikistan Republic 7.125% 9/14/27 (b) | 260,000 | 237,088 | |
Turkey - 1.2% | |||
Export Credit Bank of Turkey 9% 1/28/27 (b) | 200,000 | 208,125 | |
Turkish Republic: | |||
4.875% 10/9/26 | 520,000 | 503,913 | |
4.875% 4/16/43 | 455,000 | 311,106 | |
5.75% 5/11/47 | 405,000 | 300,397 | |
6.625% 2/17/45 | 15,000 | 12,553 | |
7.625% 5/15/34 | 200,000 | 197,813 | |
9.375% 3/14/29 | 495,000 | 536,456 | |
26.2% 10/5/33 | TRY | 3,765,000 | 114,858 |
TOTAL TURKEY | 2,185,221 | ||
Ukraine - 0.4% | |||
Ukraine Government: | |||
6.876% 5/21/31 (b) | 200,000 | 49,840 | |
7.253% 3/15/35 (b) | 380,000 | 93,252 | |
7.75% 9/1/25 (b) | 280,000 | 87,500 | |
7.75% 9/1/26 (b) | 380,000 | 109,060 | |
7.75% 9/1/27 (b) | 120,000 | 33,840 | |
7.75% 9/1/28 (b) | 560,000 | 157,052 | |
7.75% 9/1/29 (b) | 125,000 | 34,875 | |
7.75% 8/1/41 (b)(h) | 250,000 | 130,625 | |
TOTAL UKRAINE | 696,044 | ||
United Arab Emirates - 0.3% | |||
Emirate of Abu Dhabi 3.125% 9/30/49 (b) | 210,000 | 137,813 | |
Emirate of Dubai: | |||
3.9% 9/9/50 (Reg. S) | 225,000 | 157,922 | |
5.25% 1/30/43 (Reg. S) | 295,000 | 270,847 | |
TOTAL UNITED ARAB EMIRATES | 566,582 | ||
United States of America - 0.4% | |||
U.S. Treasury Bills, yield at date of purchase 5.31% 7/18/24 | 180,000 | 177,953 | |
U.S. Treasury Bonds: | |||
2.875% 5/15/52 | 333,000 | 234,336 | |
3.625% 2/15/53 | 399,000 | 325,995 | |
TOTAL UNITED STATES OF AMERICA | 738,284 | ||
Uruguay - 0.2% | |||
Uruguay Republic 5.1% 6/18/50 | 430,000 | 391,085 | |
Uzbekistan - 0.1% | |||
Republic of Uzbekistan 3.9% 10/19/31 (b) | 240,000 | 191,400 | |
Venezuela - 0.4% | |||
Venezuelan Republic 9.25% (i) | 3,625,000 | 760,525 | |
Zambia - 0.1% | |||
Republic of Zambia: | |||
8.5% (b)(i) | 50,000 | 36,758 | |
8.97% (b)(i) | 145,000 | 105,125 | |
TOTAL ZAMBIA | 141,883 | ||
TOTAL GOVERNMENT OBLIGATIONS (Cost $36,760,496) | 32,756,976 | ||
Preferred Securities - 0.4% | |||
Principal Amount (g) | Value ($) | ||
Mexico - 0.2% | |||
Banco Mercantil del Norte SA 7.625% (b)(h)(k) | 125,000 | 122,438 | |
CEMEX S.A.B. de CV 5.125% (b)(h)(k) | 200,000 | 193,414 | |
TOTAL MEXICO | 315,852 | ||
United Arab Emirates - 0.2% | |||
DP World Salaam 6% (Reg. S) (h)(k) | 350,000 | 353,773 | |
TOTAL PREFERRED SECURITIES (Cost $720,935) | 669,625 | ||
Money Market Funds - 1.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (l) | 3,034,266 | 3,034,873 | |
Fidelity Securities Lending Cash Central Fund 5.39% (l)(m) | 79,210 | 79,218 | |
TOTAL MONEY MARKET FUNDS (Cost $3,113,794) | 3,114,091 | ||
TOTAL INVESTMENT IN SECURITIES - 105.2% (Cost $169,329,950) | 192,094,643 |
NET OTHER ASSETS (LIABILITIES) - (5.2)% | (9,553,418) |
NET ASSETS - 100.0% | 182,541,225 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Treasury Contracts | |||||
CBOT 10-Year U.S. Treasury Note Contracts (United States) | 7 | Jun 2024 | 752,063 | (18,221) | (18,221) |
The notional amount of futures purchased as a percentage of Net Assets is 0.4% |
EGP | - | Egyptian pound |
EUR | - | European Monetary Unit |
NGN | - | Nigerian naira |
RON | - | Romanian leu |
TRY | - | Turkish Lira |
(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 $39,771,546 or 21.8% 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 $1,669,545 or 0.9% of net assets. |
(e) | Level 3 security |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Coupon rates for floating and adjustable rate securities reflect the rates in effect at period end. |
(i) | Non-income producing - Security is in default. |
(j) | Security initially issued at one coupon which converts to a higher coupon at a specified date. The rate shown is the rate at period end. |
(k) | Security is perpetual in nature with no stated maturity date. |
(l) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(m) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Ant International Co. Ltd. 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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 2,632,253 | 86,702,021 | 86,298,920 | 120,154 | (481) | - | 3,034,873 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 255,433 | 1,974,351 | 2,150,566 | 806 | - | - | 79,218 | 0.0% |
Total | 2,887,686 | 88,676,372 | 88,449,486 | 120,960 | (481) | - | 3,114,091 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 11,167,159 | 2,516,606 | 8,650,553 | - |
Consumer Discretionary | 22,054,980 | 6,217,579 | 15,432,458 | 404,943 |
Consumer Staples | 8,012,346 | 1,732,864 | 6,279,482 | - |
Energy | 7,080,413 | 2,334,411 | 3,781,224 | 964,778 |
Financials | 29,502,726 | 11,530,442 | 17,917,826 | 54,458 |
Health Care | 4,014,563 | 994,341 | 2,961,249 | 58,973 |
Industrials | 8,349,341 | 2,292,240 | 6,057,101 | - |
Information Technology | 30,956,096 | 43,563 | 30,823,986 | 88,547 |
Materials | 9,955,130 | 5,766,105 | 4,187,049 | 1,976 |
Real Estate | 1,763,262 | 814,234 | 948,272 | 756 |
Utilities | 4,172,027 | 1,076,851 | 3,095,176 | - |
Corporate Bonds | 18,525,908 | - | 17,457,515 | 1,068,393 |
Government Obligations | 32,756,976 | - | 32,756,976 | - |
Preferred Securities | 669,625 | - | 669,625 | - |
Money Market Funds | 3,114,091 | 3,114,091 | - | - |
Total Investments in Securities: | 192,094,643 | 38,433,327 | 151,018,492 | 2,642,824 |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (18,221) | (18,221) | - | - |
Total Liabilities | (18,221) | (18,221) | - | - |
Total Derivative Instruments: | (18,221) | (18,221) | - | - |
Investments in Securities: | |||
Beginning Balance | $ | 4,920,412 | |
Net Realized Gain (Loss) on Investment Securities | (4,460,295) | ||
Net Unrealized Gain (Loss) on Investment Securities | 6,171,110 | ||
Cost of Purchases | - | ||
Proceeds of Sales | (3,788,383) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (200,020) | ||
Ending Balance | $ | 2,642,824 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2024 | $ | 344,592 | |
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 ($) | Liability ($) | |
Interest Rate Risk | ||
Futures Contracts (a) | 0 | (18,221) |
Total Interest Rate Risk | 0 | (18,221) |
Total Value of Derivatives | 0 | (18,221) |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $75,170) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $166,216,156) | $ | 188,980,552 | ||
Fidelity Central Funds (cost $3,113,794) | 3,114,091 | |||
Total Investment in Securities (cost $169,329,950) | $ | 192,094,643 | ||
Segregated cash with brokers for derivative instruments | 22,172 | |||
Foreign currency held at value (cost $127,982) | 127,951 | |||
Receivable for investments sold | 1,262,164 | |||
Dividends receivable | 167,350 | |||
Interest receivable | 1,169,709 | |||
Distributions receivable from Fidelity Central Funds | 15,285 | |||
Prepaid expenses | 81 | |||
Other receivables | 174,805 | |||
Total assets | 195,034,160 | |||
Liabilities | ||||
Payable to custodian bank | $ | 4,169,595 | ||
Payable for investments purchased | ||||
Regular delivery | 147,357 | |||
Delayed delivery | 1,571 | |||
Payable for fund shares redeemed | 178,801 | |||
Accrued management fee | 159,546 | |||
Distribution and service plan fees payable | 17,828 | |||
Notes payable to affiliates | 6,914,000 | |||
Payable for daily variation margin on futures contracts | 3,609 | |||
Deferred taxes | 724,745 | |||
Other payables and accrued expenses | 96,665 | |||
Collateral on securities loaned | 79,218 | |||
Total liabilities | 12,492,935 | |||
Net Assets | $ | 182,541,225 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 212,202,932 | ||
Total accumulated earnings (loss) | (29,661,707) | |||
Net Assets | $ | 182,541,225 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($30,606,411 ÷ 2,475,080 shares)(a) | $ | 12.37 | ||
Maximum offering price per share (100/94.25 of $12.37) | $ | 13.12 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($6,187,034 ÷ 500,496 shares)(a) | $ | 12.36 | ||
Maximum offering price per share (100/96.50 of $12.36) | $ | 12.81 | ||
Class C : | ||||
Net Asset Value and offering price per share ($9,927,171 ÷ 804,399 shares)(a) | $ | 12.34 | ||
Total Emerging Markets : | ||||
Net Asset Value, offering price and redemption price per share ($79,289,446 ÷ 6,396,728 shares) | $ | 12.40 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($48,292,660 ÷ 3,902,090 shares) | $ | 12.38 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($8,238,503 ÷ 667,931 shares) | $ | 12.33 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 1,379,847 | ||
Interest | 2,206,879 | |||
Income from Fidelity Central Funds (including $806 from security lending) | 120,960 | |||
Income before foreign taxes withheld | $ | 3,707,686 | ||
Less foreign taxes withheld | (167,984) | |||
Total income | 3,539,702 | |||
Expenses | ||||
Management fee | $ | 884,756 | ||
Transfer agent fees | 131,422 | |||
Distribution and service plan fees | 113,087 | |||
Accounting fees | 33,950 | |||
Custodian fees and expenses | 72,431 | |||
Independent trustees' fees and expenses | 552 | |||
Registration fees | 31,347 | |||
Audit | 72,923 | |||
Legal | 2,088 | |||
Interest | 8,414 | |||
Miscellaneous | 442 | |||
Total expenses before reductions | 1,351,412 | |||
Expense reductions | (9,744) | |||
Total expenses after reductions | 1,341,668 | |||
Net Investment income (loss) | 2,198,034 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $314,481) | (15,927,939) | |||
Fidelity Central Funds | (481) | |||
Foreign currency transactions | (24,931) | |||
Futures contracts | (1,059,603) | |||
Total net realized gain (loss) | (17,012,954) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $359,296) | 45,370,063 | |||
Assets and liabilities in foreign currencies | (3,492) | |||
Futures contracts | (19,374) | |||
Total change in net unrealized appreciation (depreciation) | 45,347,197 | |||
Net gain (loss) | 28,334,243 | |||
Net increase (decrease) in net assets resulting from operations | $ | 30,532,277 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 2,198,034 | $ | 8,046,071 |
Net realized gain (loss) | (17,012,954) | (2,785,672) | ||
Change in net unrealized appreciation (depreciation) | 45,347,197 | 27,137,426 | ||
Net increase (decrease) in net assets resulting from operations | 30,532,277 | 32,397,825 | ||
Distributions to shareholders | (6,596,866) | (7,044,986) | ||
Share transactions - net increase (decrease) | (48,640,330) | (70,365,479) | ||
Total increase (decrease) in net assets | (24,704,919) | (45,012,640) | ||
Net Assets | ||||
Beginning of period | 207,246,144 | 252,258,784 | ||
End of period | $ | 182,541,225 | $ | 207,246,144 |
Fidelity Advisor® Total Emerging Markets Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.07 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .36 | .28 | .20 | .19 | .37 C | ||||||
Net realized and unrealized gain (loss) | 1.54 | .91 | (5.19) | 1.67 | .89 | 1.14 | ||||||
Total from investment operations | 1.65 | 1.27 | (4.91) | 1.87 | 1.08 | 1.51 | ||||||
Distributions from net investment income | (.35) | (.29) | (.26) | (.16) | (.33) | (.24) | ||||||
Total distributions | (.35) | (.29) | (.26) | (.16) | (.33) | (.24) | ||||||
Net asset value, end of period | $ | 12.37 | $ | 11.07 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 |
Total Return D,E,F | 15.10 % | 12.57% | (32.69)% | 13.78% | 8.54% | 13.38% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.44% I | 1.45% | 1.39% | 1.36% | 1.40% | 1.39% | ||||||
Expenses net of fee waivers, if any | 1.43 % I | 1.44% | 1.39% | 1.36% | 1.39% | 1.39% | ||||||
Expenses net of all reductions | 1.43% I | 1.44% | 1.39% | 1.36% | 1.37% | 1.39% | ||||||
Net investment income (loss) | 1.88% I | 3.16% | 2.21% | 1.26% | 1.49% | 3.02% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 30,606 | $ | 29,938 | $ | 28,302 | $ | 46,981 | $ | 37,022 | $ | 39,958 |
Portfolio turnover rate J | 61 % I | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.05 | $ | 10.07 | $ | 15.23 | $ | 13.52 | $ | 12.78 | $ | 11.51 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .33 | .24 | .15 | .15 | .33 C | ||||||
Net realized and unrealized gain (loss) | 1.52 | .91 | (5.19) | 1.67 | .88 | 1.15 | ||||||
Total from investment operations | 1.62 | 1.24 | (4.95) | 1.82 | 1.03 | 1.48 | ||||||
Distributions from net investment income | (.31) | (.26) | (.21) | (.11) | (.29) | (.21) | ||||||
Total distributions | (.31) | (.26) | (.21) | (.11) | (.29) | (.21) | ||||||
Net asset value, end of period | $ | 12.36 | $ | 11.05 | $ | 10.07 | $ | 15.23 | $ | 13.52 | $ | 12.78 |
Total Return D,E,F | 14.88 % | 12.26% | (32.92)% | 13.47% | 8.16% | 13.05% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.69% I | 1.74% | 1.69% | 1.66% | 1.71% | 1.72% | ||||||
Expenses net of fee waivers, if any | 1.68 % I | 1.74% | 1.69% | 1.66% | 1.71% | 1.71% | ||||||
Expenses net of all reductions | 1.68% I | 1.73% | 1.69% | 1.66% | 1.69% | 1.71% | ||||||
Net investment income (loss) | 1.63% I | 2.87% | 1.90% | .96% | 1.17% | 2.69% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 6,187 | $ | 6,477 | $ | 6,237 | $ | 9,530 | $ | 7,885 | $ | 8,841 |
Portfolio turnover rate J | 61 % I | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.99 | $ | 10.00 | $ | 15.09 | $ | 13.41 | $ | 12.66 | $ | 11.40 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .27 | .18 | .08 | .09 | .28 C | ||||||
Net realized and unrealized gain (loss) | 1.52 | .90 | (5.15) | 1.65 | .89 | 1.13 | ||||||
Total from investment operations | 1.59 | 1.17 | (4.97) | 1.73 | .98 | 1.41 | ||||||
Distributions from net investment income | (.24) | (.18) | (.12) | (.05) | (.23) | (.15) | ||||||
Total distributions | (.24) | (.18) | (.12) | (.05) | (.23) | (.15) | ||||||
Net asset value, end of period | $ | 12.34 | $ | 10.99 | $ | 10.00 | $ | 15.09 | $ | 13.41 | $ | 12.66 |
Total Return D,E,F | 14.60 % | 11.68% | (33.17)% | 12.89% | 7.83% | 12.54% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 2.17% I | 2.19% | 2.14% | 2.11% | 2.14% | 2.14% | ||||||
Expenses net of fee waivers, if any | 2.16 % I | 2.19% | 2.13% | 2.11% | 2.14% | 2.14% | ||||||
Expenses net of all reductions | 2.16% I | 2.19% | 2.13% | 2.11% | 2.12% | 2.13% | ||||||
Net investment income (loss) | 1.14% I | 2.41% | 1.46% | .51% | .74% | 2.27% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 9,927 | $ | 11,349 | $ | 13,469 | $ | 27,673 | $ | 28,884 | $ | 35,545 |
Portfolio turnover rate J | 61 % I | 33% | 67% | 58% | 58% | 75% |
Fidelity® Total Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.11 | $ | 10.12 | $ | 15.31 | $ | 13.59 | $ | 12.84 | $ | 11.56 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .39 | .32 | .24 | .22 | .40 C | ||||||
Net realized and unrealized gain (loss) | 1.53 | .91 | (5.21) | 1.67 | .90 | 1.16 | ||||||
Total from investment operations | 1.66 | 1.30 | (4.89) | 1.91 | 1.12 | 1.56 | ||||||
Distributions from net investment income | (.37) | (.31) | (.30) | (.19) | (.37) | (.28) | ||||||
Total distributions | (.37) | (.31) | (.30) | (.19) | (.37) | (.28) | ||||||
Net asset value, end of period | $ | 12.40 | $ | 11.11 | $ | 10.12 | $ | 15.31 | $ | 13.59 | $ | 12.84 |
Total Return D,E | 15.22 % | 12.86% | (32.52)% | 14.06% | 8.79% | 13.80% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.18% H | 1.20% | 1.12% | 1.11% | 1.16% | 1.14% | ||||||
Expenses net of fee waivers, if any | 1.17 % H | 1.19% | 1.11% | 1.11% | 1.15% | 1.14% | ||||||
Expenses net of all reductions | 1.17% H | 1.19% | 1.11% | 1.11% | 1.14% | 1.14% | ||||||
Net investment income (loss) | 2.14% H | 3.41% | 2.48% | 1.51% | 1.73% | 3.27% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 79,289 | $ | 79,640 | $ | 91,615 | $ | 259,331 | $ | 205,009 | $ | 199,708 |
Portfolio turnover rate I | 61 % H | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.10 | $ | 10.11 | $ | 15.29 | $ | 13.57 | $ | 12.82 | $ | 11.55 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .39 | .32 | .24 | .22 | .41 C | ||||||
Net realized and unrealized gain (loss) | 1.53 | .92 | (5.20) | 1.67 | .90 | 1.14 | ||||||
Total from investment operations | 1.66 | 1.31 | (4.88) | 1.91 | 1.12 | 1.55 | ||||||
Distributions from net investment income | (.38) | (.32) | (.30) | (.19) | (.37) | (.28) | ||||||
Total distributions | (.38) | (.32) | (.30) | (.19) | (.37) | (.28) | ||||||
Net asset value, end of period | $ | 12.38 | $ | 11.10 | $ | 10.11 | $ | 15.29 | $ | 13.57 | $ | 12.82 |
Total Return D,E | 15.18 % | 12.96% | (32.50)% | 14.10% | 8.85% | 13.77% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.14% H | 1.16% | 1.10% | 1.09% | 1.11% | 1.11% | ||||||
Expenses net of fee waivers, if any | 1.13 % H | 1.15% | 1.10% | 1.08% | 1.10% | 1.10% | ||||||
Expenses net of all reductions | 1.13% H | 1.15% | 1.10% | 1.08% | 1.09% | 1.10% | ||||||
Net investment income (loss) | 2.18% H | 3.45% | 2.49% | 1.54% | 1.78% | 3.30% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 48,293 | $ | 68,874 | $ | 98,727 | $ | 209,635 | $ | 232,450 | $ | 372,286 |
Portfolio turnover rate I | 61 % H | 33% | 67% | 58% | 58% | 75% |
Fidelity Advisor® Total Emerging Markets Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.07 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 | $ | 11.55 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .41 | .34 | .26 | .24 | .43 C | ||||||
Net realized and unrealized gain (loss) | 1.52 | .91 | (5.19) | 1.66 | .90 | 1.13 | ||||||
Total from investment operations | 1.66 | 1.32 | (4.85) | 1.92 | 1.14 | 1.56 | ||||||
Distributions from net investment income | (.40) | (.34) | (.32) | (.21) | (.39) | (.31) | ||||||
Total distributions | (.40) | (.34) | (.32) | (.21) | (.39) | (.31) | ||||||
Net asset value, end of period | $ | 12.33 | $ | 11.07 | $ | 10.09 | $ | 15.26 | $ | 13.55 | $ | 12.80 |
Total Return D,E | 15.21 % | 13.04% | (32.40)% | 14.21% | 9.03% | 13.85% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.02% H | 1.03% | .97% | .96% | .98% | .98% | ||||||
Expenses net of fee waivers, if any | 1.01 % H | 1.02% | .97% | .96% | .98% | .97% | ||||||
Expenses net of all reductions | 1.01% H | 1.02% | .97% | .96% | .96% | .97% | ||||||
Net investment income (loss) | 2.30% H | 3.58% | 2.62% | 1.66% | 1.91% | 3.43% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 8,239 | $ | 10,969 | $ | 13,909 | $ | 68,119 | $ | 56,395 | $ | 61,175 |
Portfolio turnover rate I | 61 % H | 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 | $1,574,431 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.6 - 2.6 / 2.4 | Increase |
Market approach | Discount rate | 20.0% - 50.0% / 20.3% | Decrease | ||
Recovery value | Recovery value | $0.00 | Increase | ||
Black scholes | Discount rate | 4.8% | Increase | ||
Term | 3.0 | Increase | |||
Volatility | 60.0% | Increase | |||
Corporate Bonds | $1,068,393 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 8.8 | Increase |
Discount rate | 23.2% | Decrease | |||
Probability rate | 33.3% | Increase | |||
Discounted cash flow | Discount rate | 3.3% | Decrease | ||
Black scholes | Discount rate | 4.8% - 5.0% / 4.9% | Increase | ||
Term | 1.7 - 2.8 / 2.2 | Increase | |||
Volatility | 65.0% | Increase |
Gross unrealized appreciation | $45,389,056 |
Gross unrealized depreciation | (23,877,928) |
Net unrealized appreciation (depreciation) | $21,511,128 |
Tax cost | $170,565,294 |
Short-term | $(32,318,283) |
Long-term | (957,668) |
Total capital loss carryforward | $(33,275,951) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Interest Rate Risk | Interest rate risk relates to the fluctuations in the value of interest-bearing securities due to changes in the prevailing levels of market interest rates. |
Primary Risk Exposure / Derivative Type | Net Realized Gain (Loss)($) | Change in Net Unrealized Appreciation (Depreciation)($) |
Fidelity Total Emerging Markets Fund | ||
Equity Risk | ||
Futures Contracts | (1,062,282) | (1,153) |
Total Equity Risk | (1,062,282) | (1,153) |
Interest Rate Risk | ||
Futures Contracts | 2,679 | (18,221) |
Total Interest Rate Risk | 2,679 | (18,221) |
Totals | (1,059,603) | (19,374) |
Purchases ($) | Sales ($) | |
Fidelity Total Emerging Markets Fund | 63,044,610 | 106,474,738 |
Maximum Management Fee Rate % | |
Class A | 0.98 |
Class M | 0.98 |
Class C | 0.98 |
Total Emerging Markets | 0.98 |
Class I | 0.95 |
Class Z | 0.82 |
Total Management Fee Rate % | |
Class A | .97 |
Class M | .97 |
Class C | .97 |
Total Emerging Markets | .93 |
Class I | .95 |
Class Z | .82 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 40,393 | 1,088 |
Class M | .25% | .25% | 17,234 | 148 |
Class C | .75% | .25% | 55,460 | 3,901 |
113,087 | 5,137 |
Retained by FDC ($) | |
Class A | 2,812 |
Class M | 243 |
Class CA | 29 |
3,084 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
Total Emerging Markets | .2000 |
Class I | .1693 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 21,805 | .20 |
Class M | 4,877 | .21 |
Class C | 7,589 | .20 |
Total Emerging Markets | 56,447 | .20 |
Class I | 39,110 | .17 |
Class Z | 1,594 | .04 |
131,422 |
% of Average Net Assets | |
Fidelity Total Emerging Markets Fund | .0471 |
% of Average Net Assets | |
Fidelity Total Emerging Markets Fund | .05 |
Amount ($) | |
Fidelity Total Emerging Markets Fund | 356 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Total Emerging Markets Fund | Borrower | 4,463,000 | 5.57% | 8,286 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Total Emerging Markets Fund | 1,322,823 | 947,469 | (31,468) |
Amount ($) | |
Fidelity Total Emerging Markets Fund | 199 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Total Emerging Markets Fund | 80 | - | - |
Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Total Emerging Markets Fund | 788,000 | 5.83% | 128 |
Expense reduction ($) | |
Class M | 15 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Total Emerging Markets Fund | ||
Distributions to shareholders | ||
Class A | $934,878 | $794,178 |
Class M | 182,001 | 155,913 |
Class C | 232,022 | 234,768 |
Total Emerging Markets | 2,618,719 | 2,687,846 |
Class I | 2,243,723 | 2,776,747 |
Class Z | 385,523 | 395,534 |
Total | $6,596,866 | $7,044,986 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Total Emerging Markets Fund | ||||
Class A | ||||
Shares sold | 181,618 | 451,041 | $2,171,680 | $5,132,208 |
Reinvestment of distributions | 80,798 | 71,386 | 931,603 | 792,381 |
Shares redeemed | (491,106) | (623,211) | (5,981,368) | (7,049,102) |
Net increase (decrease) | (228,690) | (100,784) | $(2,878,085) | $(1,124,513) |
Class M | ||||
Shares sold | 16,028 | 28,227 | $189,513 | $321,892 |
Reinvestment of distributions | 15,771 | 14,022 | 182,001 | 155,787 |
Shares redeemed | (117,436) | (75,454) | (1,436,784) | (856,020) |
Net increase (decrease) | (85,637) | (33,205) | $(1,065,270) | $(378,341) |
Class C | ||||
Shares sold | 28,096 | 104,348 | $336,738 | $1,182,359 |
Reinvestment of distributions | 20,106 | 21,155 | 232,022 | 234,608 |
Shares redeemed | (276,440) | (440,401) | (3,316,539) | (4,961,807) |
Net increase (decrease) | (228,238) | (314,898) | $(2,747,779) | $(3,544,840) |
Total Emerging Markets | ||||
Shares sold | 1,155,750 | 563,824 | $14,126,802 | $6,430,664 |
Reinvestment of distributions | 193,395 | 206,717 | 2,231,775 | 2,296,623 |
Shares redeemed | (2,121,756) | (2,655,457) | (25,977,283) | (30,066,472) |
Net increase (decrease) | (772,611) | (1,884,916) | $(9,618,706) | $(21,339,185) |
Class I | ||||
Shares sold | 349,443 | 918,341 | $4,166,692 | $10,406,208 |
Reinvestment of distributions | 191,996 | 246,056 | 2,213,715 | 2,728,758 |
Shares redeemed | (2,846,902) | (4,721,988) | (34,745,386) | (53,094,986) |
Net increase (decrease) | (2,305,463) | (3,557,591) | $(28,364,979) | $(39,960,020) |
Class Z | ||||
Shares sold | 52,295 | 923,752 | $622,544 | $10,820,507 |
Reinvestment of distributions | 24,261 | 25,674 | 278,517 | 283,693 |
Shares redeemed | (399,385) | (1,337,270) | (4,866,572) | (15,122,780) |
Net increase (decrease) | (322,829) | (387,844) | $(3,965,511) | $(4,018,580) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Emerging Markets Discovery Fund | ||||||||||
Class A ** | 1.32% | |||||||||
Actual | $ 1,000 | $ 1,131.20 | $ 6.99 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.30 | $ 6.62 | |||||||
Class M | 1.54% | |||||||||
Actual | $ 1,000 | $ 1,129.70 | $ 8.15 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.21 | $ 7.72 | |||||||
Class C | 2.05% | |||||||||
Actual | $ 1,000 | $ 1,126.60 | $ 10.84 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.67 | $ 10.27 | |||||||
Fidelity® Emerging Markets Discovery Fund ** | 1.05% | |||||||||
Actual | $ 1,000 | $ 1,132.10 | $ 5.57 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.64 | $ 5.27 | |||||||
Class I ** | 1.06% | |||||||||
Actual | $ 1,000 | $ 1,132.40 | $ 5.62 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.59 | $ 5.32 | |||||||
Class Z ** | .93% | |||||||||
Actual | $ 1,000 | $ 1,133.00 | $ 4.93 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.24 | $ 4.67 | |||||||
Fidelity® Total Emerging Markets Fund | ||||||||||
Class A | 1.43% | |||||||||
Actual | $ 1,000 | $ 1,151.00 | $ 7.65 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.75 | $ 7.17 | |||||||
Class M | 1.68% | |||||||||
Actual | $ 1,000 | $ 1,148.80 | $ 8.98 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.51 | $ 8.42 | |||||||
Class C | 2.16% | |||||||||
Actual | $ 1,000 | $ 1,146.00 | $ 11.53 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.12 | $ 10.82 | |||||||
Fidelity® Total Emerging Markets Fund ** | 1.17% | |||||||||
Actual | $ 1,000 | $ 1,152.20 | $ 6.26 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.05 | $ 5.87 | |||||||
Class I | 1.13% | |||||||||
Actual | $ 1,000 | $ 1,151.80 | $ 6.05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.24 | $ 5.67 | |||||||
Class Z | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,152.10 | $ 5.40 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.84 | $ 5.07 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Emerging Markets Discovery Fund | ||||||
Class A | 1.25% | |||||
Actual | $ 6.62 | |||||
Hypothetical- B | $ 6.27 | |||||
Fidelity® Emerging Markets Discovery Fund | .96% | |||||
Actual | $ 5.09 | |||||
Hypothetical- B | $ 4.82 | |||||
Class I | 1.00% | |||||
Actual | $ 5.30 | |||||
Hypothetical- B | $ 5.02 | |||||
Class Z | .87% | |||||
Actual | $ 4.61 | |||||
Hypothetical- B | $ 4.37 | |||||
Fidelity® Total Emerging Markets Fund | ||||||
Fidelity® Total Emerging Markets Fund | 1.09% | |||||
Actual | $ 5.83 | |||||
Hypothetical- B | $ 5.47 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Fidelity® Series Sustainable Non-U.S. Developed Markets Fund |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 10.9 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.8 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.5 | |
ICICI Bank Ltd. sponsored ADR (India, Banks) | 3.4 | |
Reliance Industries Ltd. GDR (India, Oil, Gas & Consumable Fuels) | 2.8 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 2.5 | |
Axis Bank Ltd. sponsored GDR (Reg. S) (India, Banks) | 2.4 | |
HDFC Bank Ltd. sponsored ADR (India, Banks) | 2.0 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.8 | |
Infosys Ltd. sponsored ADR (India, IT Services) | 1.6 | |
36.7 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 25.8 | |
Information Technology | 24.4 | |
Consumer Discretionary | 14.4 | |
Communication Services | 7.8 | |
Industrials | 5.5 | |
Consumer Staples | 4.3 | |
Energy | 4.3 | |
Materials | 4.2 | |
Health Care | 3.3 | |
Real Estate | 1.9 | |
Utilities | 1.8 | |
Asset Allocation (% of Fund's net assets) |
Futures - 0.8% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 95.6% | |||
Shares | Value ($) | ||
Brazil - 6.0% | |||
Banco do Brasil SA | 1,092 | 5,766 | |
Cury Construtora e Incorporado SA | 1,385 | 5,228 | |
Cyrela Brazil Realty SA | 500 | 1,955 | |
ENGIE Brasil Energia SA | 4,275 | 33,672 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 26,901 | 19,117 | |
Localiza Rent a Car SA | 3,860 | 36,447 | |
LOG Commercial Properties e Participacoes SA | 1,243 | 5,202 | |
Lojas Renner SA | 13,994 | 41,314 | |
MercadoLibre, Inc. (a) | 29 | 42,302 | |
Nu Holdings Ltd. (a) | 2,310 | 25,087 | |
PRIO SA | 1,500 | 13,866 | |
Raia Drogasil SA | 9,173 | 45,188 | |
Rede D'Oregon Sao Luiz SA (b) | 2,300 | 11,516 | |
StoneCo Ltd. Class A (a) | 1,368 | 21,341 | |
Suzano SA | 2,556 | 28,776 | |
Transmissora Alianca de Energia Eletrica SA | 2,672 | 18,123 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 6,200 | 8,489 | |
XP, Inc. Class A | 2,601 | 53,242 | |
TOTAL BRAZIL | 416,631 | ||
Chile - 0.9% | |||
Antofagasta PLC | 1,722 | 47,553 | |
Banco de Chile | 154,024 | 17,086 | |
TOTAL CHILE | 64,639 | ||
China - 26.8% | |||
Airtac International Group | 1,000 | 35,343 | |
Alibaba Group Holding Ltd. | 17,323 | 162,196 | |
Alibaba Group Holding Ltd. sponsored ADR | 185 | 13,847 | |
Anta Sports Products Ltd. | 2,200 | 24,906 | |
BeiGene Ltd. ADR (a) | 68 | 10,468 | |
BYD Co. Ltd. (H Shares) | 1,710 | 46,876 | |
China Communications Services Corp. Ltd. (H Shares) | 32,735 | 15,649 | |
China Construction Bank Corp. (H Shares) | 188,178 | 121,749 | |
China Gas Holdings Ltd. | 13,715 | 12,842 | |
China Jushi Co. Ltd. (A Shares) | 15,400 | 25,314 | |
China Life Insurance Co. Ltd. (H Shares) | 17,358 | 22,859 | |
China Merchants Bank Co. Ltd. (H Shares) | 500 | 2,165 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 8,200 | 9,553 | |
China Resources Beer Holdings Co. Ltd. | 1,753 | 7,990 | |
ENN Energy Holdings Ltd. | 3,187 | 27,154 | |
Flat Glass Group Co. Ltd. | 3,000 | 7,226 | |
Foxconn Industrial Internet Co. Ltd. (A Shares) | 2,600 | 8,591 | |
Fuyao Glass Industries Group Co. Ltd. (A Shares) | 1,800 | 12,376 | |
Guangdong Investment Ltd. | 9,959 | 5,202 | |
Haier Smart Home Co. Ltd. | 12,371 | 45,822 | |
Haier Smart Home Co. Ltd. (A Shares) | 7,600 | 31,618 | |
Haitian International Holdings Ltd. | 5,755 | 18,743 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 10,000 | 22,097 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 49,036 | 26,295 | |
Innovent Biologics, Inc. (a)(b) | 6,762 | 32,735 | |
JD.com, Inc.: | |||
Class A | 2,808 | 40,459 | |
sponsored ADR | 707 | 20,425 | |
Kanzhun Ltd. ADR | 369 | 7,303 | |
KE Holdings, Inc. ADR | 326 | 4,929 | |
Kuaishou Technology Class B (a)(b) | 900 | 6,310 | |
Kunlun Energy Co. Ltd. | 9,844 | 9,543 | |
Kweichow Moutai Co. Ltd. (A Shares) | 100 | 23,447 | |
Lenovo Group Ltd. | 35,229 | 39,624 | |
Li Auto, Inc.: | |||
ADR (a) | 967 | 25,413 | |
Class A (a) | 2,088 | 27,357 | |
Li Ning Co. Ltd. | 5,000 | 13,089 | |
Medlive Technology Co. Ltd. (b) | 6,000 | 6,303 | |
Meituan Class B (a)(b) | 7,650 | 104,457 | |
NetEase, Inc. ADR | 380 | 35,519 | |
New Oriental Education & Technology Group, Inc. (a) | 600 | 4,768 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 636 | 49,036 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 13,506 | 61,210 | |
Proya Cosmetics Co. Ltd. (A Shares) | 700 | 10,561 | |
Shangri-La Asia Ltd. | 6,000 | 4,185 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 3,700 | 30,344 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 1,100 | 46,189 | |
Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd. (H Shares) | 400 | 8,508 | |
Sinopharm Group Co. Ltd. (H Shares) | 5,919 | 14,948 | |
Sinotruk Hong Kong Ltd. | 12,782 | 31,811 | |
TAL Education Group ADR (a) | 183 | 2,203 | |
Tencent Holdings Ltd. | 7,070 | 310,254 | |
Tongdao Liepin Group (a) | 1,001 | 383 | |
TravelSky Technology Ltd. (H Shares) | 8,198 | 10,649 | |
Trip.com Group Ltd. ADR (a) | 1,400 | 67,564 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 2,320 | 16,719 | |
Vipshop Holdings Ltd. ADR | 2,072 | 31,163 | |
Xinyi Solar Holdings Ltd. | 4,000 | 2,752 | |
Zai Lab Ltd. (a) | 2,045 | 3,287 | |
Zhongji Innolight Co. Ltd. (A Shares) | 500 | 12,604 | |
ZTO Express, Inc. sponsored ADR | 925 | 19,416 | |
TOTAL CHINA | 1,852,348 | ||
Greece - 1.1% | |||
Alpha Bank SA (a) | 29,521 | 50,171 | |
OPAP SA | 1,297 | 21,607 | |
Piraeus Financial Holdings SA (a) | 1,478 | 5,921 | |
TOTAL GREECE | 77,699 | ||
Hong Kong - 1.2% | |||
ASMPT Ltd. | 1,666 | 20,705 | |
Huanxi Media Group Ltd. (a) | 61,876 | 4,479 | |
Kerry Properties Ltd. | 11,552 | 22,395 | |
Prudential PLC | 4,004 | 34,824 | |
TOTAL HONG KONG | 82,403 | ||
Hungary - 0.5% | |||
OTP Bank PLC | 632 | 31,361 | |
India - 13.8% | |||
Axis Bank Ltd. sponsored GDR (Reg. S) | 2,351 | 164,570 | |
HDFC Bank Ltd. sponsored ADR | 2,446 | 140,890 | |
ICICI Bank Ltd. sponsored ADR | 8,532 | 234,886 | |
Infosys Ltd. sponsored ADR | 6,555 | 109,534 | |
Larsen & Toubro Ltd. GDR | 2,406 | 104,180 | |
Mahindra & Mahindra Ltd. sponsored GDR | 272 | 7,099 | |
Reliance Industries Ltd. GDR (b) | 2,748 | 194,284 | |
TOTAL INDIA | 955,443 | ||
Indonesia - 3.0% | |||
PT Bank Central Asia Tbk | 126,030 | 75,780 | |
PT Bank Mandiri (Persero) Tbk | 27,100 | 11,455 | |
PT Bank Negara Indonesia (Persero) Tbk | 64,500 | 20,752 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 227,566 | 68,885 | |
PT Sumber Alfaria Trijaya Tbk | 33,528 | 6,030 | |
PT Telkom Indonesia Persero Tbk | 133,303 | 25,842 | |
TOTAL INDONESIA | 208,744 | ||
Korea (South) - 11.1% | |||
AMOREPACIFIC Corp. | 272 | 33,060 | |
Coway Co. Ltd. | 425 | 16,981 | |
Delivery Hero AG (a)(b) | 650 | 18,185 | |
Hana Financial Group, Inc. | 485 | 20,398 | |
Hyundai Motor Co. Ltd. | 66 | 11,839 | |
JYP Entertainment Corp. | 54 | 2,576 | |
Kakao Corp. | 774 | 26,805 | |
Kakao Pay Corp. (a) | 101 | 2,538 | |
KB Financial Group, Inc. | 706 | 38,184 | |
Kia Corp. | 268 | 22,642 | |
LG Corp. | 146 | 8,307 | |
LS Electric Co. Ltd. | 104 | 13,088 | |
NAVER Corp. | 571 | 75,104 | |
Samsung Biologics Co. Ltd. (a)(b) | 43 | 24,101 | |
Samsung Electronics Co. Ltd. | 6,002 | 332,697 | |
Samsung Fire & Marine Insurance Co. Ltd. | 47 | 10,490 | |
SK Hynix, Inc. | 852 | 104,847 | |
SK Square Co. Ltd. (a) | 129 | 7,068 | |
TOTAL KOREA (SOUTH) | 768,910 | ||
Mexico - 2.4% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV | 3,091 | 10,936 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 410 | 14,559 | |
Fibra Uno Administracion SA de CV | 3,108 | 4,461 | |
Gruma S.A.B. de CV Series B | 399 | 7,837 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 6,591 | 65,234 | |
Grupo Mexico SA de CV Series B | 1,900 | 11,740 | |
Wal-Mart de Mexico SA de CV Series V | 13,223 | 49,339 | |
TOTAL MEXICO | 164,106 | ||
Netherlands - 0.5% | |||
CTP BV (b) | 2,092 | 35,632 | |
CTP BV rights (a)(c) | 2,092 | 614 | |
TOTAL NETHERLANDS | 36,246 | ||
Panama - 0.4% | |||
Copa Holdings SA Class A | 277 | 26,454 | |
Philippines - 0.1% | |||
SM Investments Corp. | 533 | 8,758 | |
Poland - 0.6% | |||
CD Projekt SA | 413 | 12,065 | |
Dino Polska SA (a)(b) | 85 | 8,170 | |
Powszechna Kasa Oszczednosci Bank SA | 1,451 | 21,713 | |
TOTAL POLAND | 41,948 | ||
Saudi Arabia - 3.5% | |||
Al Rajhi Bank | 3,073 | 65,465 | |
Alinma Bank | 7,038 | 62,581 | |
Bupa Arabia for Cooperative Insurance Co. | 321 | 20,643 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 403 | 33,374 | |
Sabic Agriculture-Nutrients Co. | 385 | 11,887 | |
The Saudi National Bank | 4,331 | 43,419 | |
TOTAL SAUDI ARABIA | 237,369 | ||
South Africa - 4.1% | |||
Absa Group Ltd. | 341 | 2,629 | |
Bid Corp. Ltd. | 306 | 6,975 | |
Capitec Bank Holdings Ltd. | 513 | 63,490 | |
Discovery Ltd. | 4,708 | 29,993 | |
FirstRand Ltd. | 8,145 | 28,118 | |
Gold Fields Ltd. | 2,402 | 38,859 | |
Gold Fields Ltd. sponsored ADR | 401 | 6,484 | |
Impala Platinum Holdings Ltd. | 4,430 | 19,720 | |
Northam Platinum Holdings Ltd. | 419 | 2,776 | |
Pepkor Holdings Ltd. (b) | 35,635 | 33,616 | |
Pick 'n Pay Stores Ltd. | 5,772 | 6,145 | |
Shoprite Holdings Ltd. | 2,448 | 32,662 | |
Standard Bank Group Ltd. | 834 | 7,832 | |
TOTAL SOUTH AFRICA | 279,299 | ||
Taiwan - 17.3% | |||
Accton Technology Corp. | 73 | 1,021 | |
Alchip Technologies Ltd. | 1,000 | 94,147 | |
ASE Technology Holding Co. Ltd. | 3,242 | 14,559 | |
Asia Vital Components Co. Ltd. | 1,073 | 21,128 | |
BizLink Holding, Inc. | 2,225 | 15,647 | |
Chailease Holding Co. Ltd. | 12,208 | 64,274 | |
Delta Electronics, Inc. | 4,000 | 39,104 | |
Gigabyte Technology Co. Ltd. | 1,000 | 9,002 | |
HIWIN Technologies Corp. | 1,302 | 9,191 | |
International Games Systems Co. Ltd. | 150 | 4,579 | |
King Yuan Electronics Co. Ltd. | 4,755 | 13,812 | |
MediaTek, Inc. | 1,000 | 30,098 | |
Quanta Computer, Inc. | 5,073 | 39,743 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 31,437 | 751,382 | |
Uni-President Enterprises Corp. | 23,473 | 54,961 | |
Unimicron Technology Corp. | 2,000 | 11,040 | |
Wistron Corp. | 6,219 | 21,256 | |
Yageo Corp. | 73 | 1,390 | |
TOTAL TAIWAN | 1,196,334 | ||
Tanzania - 0.3% | |||
Helios Towers PLC (a) | 17,218 | 21,257 | |
United Arab Emirates - 0.3% | |||
Emaar Properties PJSC | 9,389 | 20,987 | |
United Kingdom - 0.3% | |||
AngloGold Ashanti PLC | 797 | 18,323 | |
United States of America - 1.4% | |||
FirstCash Holdings, Inc. | 409 | 46,209 | |
Tenaris SA sponsored ADR | 192 | 6,334 | |
Titan Cement International Trading SA | 1,262 | 39,865 | |
TOTAL UNITED STATES OF AMERICA | 92,408 | ||
TOTAL COMMON STOCKS (Cost $6,254,773) | 6,601,667 | ||
Nonconvertible Preferred Stocks - 2.1% | |||
Shares | Value ($) | ||
Brazil - 1.8% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 3,714 | 17,860 | |
Metalurgica Gerdau SA (PN) | 11,364 | 23,154 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 2,393 | 38,575 | |
sponsored ADR | 2,628 | 44,597 | |
TOTAL BRAZIL | 124,186 | ||
Korea (South) - 0.3% | |||
Hyundai Motor Co. Ltd. Series 2 | 217 | 24,727 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $120,001) | 148,913 | ||
Money Market Funds - 1.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) (Cost $129,292) | 129,266 | 129,292 | |
TOTAL INVESTMENT IN SECURITIES - 99.6% (Cost $6,504,066) | 6,879,872 |
NET OTHER ASSETS (LIABILITIES) - 0.4% | 25,107 |
NET ASSETS - 100.0% | 6,904,979 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 1 | Jun 2024 | 52,100 | 1,491 | 1,491 |
The notional amount of futures purchased as a percentage of Net Assets is 0.8% |
(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 $516,523 or 7.5% of net assets. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 118,523 | 1,987,101 | 1,976,332 | 5,794 | - | - | 129,292 | 0.0% |
Total | 118,523 | 1,987,101 | 1,976,332 | 5,794 | - | - | 129,292 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 532,476 | 76,144 | 456,332 | - |
Consumer Discretionary | 985,904 | 329,156 | 656,748 | - |
Consumer Staples | 309,084 | 110,534 | 198,550 | - |
Energy | 297,656 | 297,656 | - | - |
Financials | 1,789,505 | 1,069,664 | 719,841 | - |
Health Care | 232,643 | 74,475 | 158,168 | - |
Industrials | 388,935 | 194,986 | 193,949 | - |
Information Technology | 1,686,262 | 109,534 | 1,576,728 | - |
Materials | 274,451 | 187,782 | 86,669 | - |
Real Estate | 129,268 | 97,320 | 31,948 | - |
Utilities | 124,396 | 69,655 | 54,741 | - |
Money Market Funds | 129,292 | 129,292 | - | - |
Total Investments in Securities: | 6,879,872 | 2,746,198 | 4,133,674 | - |
Derivative Instruments: Assets | ||||
Futures Contracts | 1,491 | 1,491 | - | - |
Total Assets | 1,491 | 1,491 | - | - |
Total Derivative Instruments: | 1,491 | 1,491 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,491 | 0 |
Total Equity Risk | 1,491 | 0 |
Total Value of Derivatives | 1,491 | 0 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,374,774) | $ | 6,750,580 | ||
Fidelity Central Funds (cost $129,292) | 129,292 | |||
Total Investment in Securities (cost $6,504,066) | $ | 6,879,872 | ||
Segregated cash with brokers for derivative instruments | 14,573 | |||
Cash | 26,932 | |||
Foreign currency held at value (cost $16) | 16 | |||
Receivable for fund shares sold | 768 | |||
Dividends receivable | 7,632 | |||
Distributions receivable from Fidelity Central Funds | 1,392 | |||
Total assets | 6,931,185 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 614 | ||
Payable for fund shares redeemed | 13,281 | |||
Payable for daily variation margin on futures contracts | 1,462 | |||
Custody fee payable | 10,849 | |||
Total liabilities | 26,206 | |||
Net Assets | $ | 6,904,979 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,599,972 | ||
Total accumulated earnings (loss) | 305,007 | |||
Net Assets | $ | 6,904,979 | ||
Net Asset Value, offering price and redemption price per share ($6,904,979 ÷ 648,073 shares) | $ | 10.65 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 52,319 | ||
Interest | 197 | |||
Income from Fidelity Central Funds | 5,794 | |||
Income before foreign taxes withheld | $ | 58,310 | ||
Less foreign taxes withheld | (6,358) | |||
Total income | 51,952 | |||
Expenses | ||||
Custodian fees and expenses | $ | 14,932 | ||
Independent trustees' fees and expenses | 12 | |||
Total expenses before reductions | 14,944 | |||
Expense reductions | (14,572) | |||
Total expenses after reductions | 372 | |||
Net Investment income (loss) | 51,580 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (48,745) | |||
Foreign currency transactions | (2,826) | |||
Futures contracts | (6,109) | |||
Total net realized gain (loss) | (57,680) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 598,496 | |||
Assets and liabilities in foreign currencies | (125) | |||
Futures contracts | 4,450 | |||
Total change in net unrealized appreciation (depreciation) | 602,821 | |||
Net gain (loss) | 545,141 | |||
Net increase (decrease) in net assets resulting from operations | $ | 596,721 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | For the period May 11, 2023 (commencement of operations) through October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 51,580 | $ | 69,905 |
Net realized gain (loss) | (57,680) | (38,471) | ||
Change in net unrealized appreciation (depreciation) | 602,821 | (225,646) | ||
Net increase (decrease) in net assets resulting from operations | 596,721 | (194,212) | ||
Distributions to shareholders | (97,501) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 2,078,322 | 4,692,849 | ||
Reinvestment of distributions | 97,501 | - | ||
Cost of shares redeemed | (111,235) | (157,466) | ||
Net increase (decrease) in net assets resulting from share transactions | 2,064,588 | 4,535,383 | ||
Total increase (decrease) in net assets | 2,563,808 | 4,341,171 | ||
Net Assets | ||||
Beginning of period | 4,341,171 | - | ||
End of period | $ | 6,904,979 | $ | 4,341,171 |
Other Information | ||||
Shares | ||||
Sold | 198,042 | 466,593 | ||
Issued in reinvestment of distributions | 9,663 | - | ||
Redeemed | (10,790) | (15,435) | ||
Net increase (decrease) | 196,915 | 451,158 | ||
Fidelity® Series Sustainable Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 9.62 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .10 | .16 | ||
Net realized and unrealized gain (loss) | 1.15 | (.54) | ||
Total from investment operations | 1.25 | (.38) | ||
Distributions from net investment income | (.22) | - | ||
Total distributions | (.22) | - | ||
Net asset value, end of period | $ | 10.65 | $ | 9.62 |
Total Return D,E | 13.07 % | (3.80)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | .54% H | .31% H | ||
Expenses net of fee waivers, if any | .01 % H | .01% H | ||
Expenses net of all reductions | .01% H | .01% H | ||
Net investment income (loss) | 1.86% H | 3.40% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 6,905 | $ | 4,341 |
Portfolio turnover rate I | 47 % H | 36% J |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.0 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 2.6 | |
SAP SE (Germany, Software) | 1.9 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 1.6 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.6 | |
Linde PLC (United States of America, Chemicals) | 1.6 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 1.5 | |
Shell PLC ADR (United States of America, Oil, Gas & Consumable Fuels) | 1.2 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 1.1 | |
Hoya Corp. (Japan, Health Care Equipment & Supplies) | 1.0 | |
17.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 20.7 | |
Industrials | 20.2 | |
Information Technology | 14.4 | |
Consumer Discretionary | 9.2 | |
Materials | 8.2 | |
Health Care | 7.7 | |
Energy | 5.4 | |
Consumer Staples | 3.7 | |
Communication Services | 1.8 | |
Real Estate | 1.0 | |
Utilities | 0.3 | |
Asset Allocation (% of Fund's net assets) |
Futures - 6.1% |
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 - 92.6% | |||
Shares | Value ($) | ||
Australia - 1.9% | |||
APA Group unit | 443 | 2,364 | |
ASX Ltd. | 75 | 3,064 | |
BlueScope Steel Ltd. | 278 | 4,058 | |
Brambles Ltd. | 1,811 | 17,037 | |
Cochlear Ltd. | 65 | 13,560 | |
Commonwealth Bank of Australia | 60 | 4,396 | |
Computershare Ltd. | 292 | 5,130 | |
EBOS Group Ltd. | 430 | 8,861 | |
Fortescue Ltd. | 284 | 4,707 | |
Imdex Ltd. | 1,927 | 2,584 | |
Macquarie Group Ltd. | 297 | 35,562 | |
Mineral Resources Ltd. | 183 | 8,301 | |
Pilbara Minerals Ltd. | 2,606 | 6,635 | |
QBE Insurance Group Ltd. | 1,017 | 11,633 | |
REA Group Ltd. | 45 | 5,158 | |
Transurban Group unit | 3,743 | 30,051 | |
Woodside Energy Group Ltd. | 2,544 | 45,581 | |
TOTAL AUSTRALIA | 208,682 | ||
Austria - 0.2% | |||
Mondi PLC | 381 | 7,232 | |
OMV AG | 206 | 9,823 | |
Verbund AG | 62 | 4,738 | |
TOTAL AUSTRIA | 21,793 | ||
Belgium - 1.0% | |||
Azelis Group NV | 816 | 19,716 | |
Fagron NV | 143 | 2,784 | |
KBC Ancora | 250 | 12,099 | |
KBC Group NV | 967 | 72,136 | |
TOTAL BELGIUM | 106,735 | ||
Brazil - 0.3% | |||
Wheaton Precious Metals Corp. | 740 | 38,552 | |
Canada - 10.2% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,554 | 86,130 | |
Andlauer Healthcare Group, Inc. | 387 | 11,725 | |
Aritzia, Inc. (a) | 141 | 3,650 | |
Bank of Montreal | 701 | 62,617 | |
Brookfield Asset Management Ltd. Class A | 131 | 5,004 | |
Brookfield Corp. (Canada) Class A | 976 | 39,149 | |
CAE, Inc. (a) | 2,291 | 44,201 | |
Cameco Corp. | 562 | 25,641 | |
Cameco Corp. | 127 | 5,795 | |
Canadian National Railway Co. | 432 | 52,434 | |
Canadian Natural Resources Ltd. | 253 | 19,172 | |
Canadian Pacific Kansas City Ltd. | 1,224 | 96,024 | |
CCL Industries, Inc. Class B | 48 | 2,451 | |
Computer Modelling Group Ltd. | 781 | 6,229 | |
Constellation Software, Inc. | 24 | 61,790 | |
Definity Financial Corp. | 509 | 16,967 | |
Dollarama, Inc. | 201 | 16,767 | |
Enbridge, Inc. | 888 | 31,575 | |
Franco-Nevada Corp. | 269 | 32,382 | |
Gildan Activewear, Inc. | 87 | 3,016 | |
Intact Financial Corp. | 176 | 28,928 | |
Jamieson Wellness, Inc. (b) | 25 | 475 | |
Metro, Inc. | 243 | 12,430 | |
North West Co., Inc. | 224 | 6,349 | |
Nutrien Ltd. | 603 | 31,796 | |
Parkland Corp. | 429 | 13,216 | |
Pason Systems, Inc. | 1,146 | 13,028 | |
PrairieSky Royalty Ltd. | 1,766 | 33,648 | |
Real Matters, Inc. (a) | 413 | 1,542 | |
Restaurant Brands International, Inc. | 169 | 12,821 | |
Richelieu Hardware Ltd. | 419 | 11,824 | |
Royal Bank of Canada | 894 | 86,494 | |
Shopify, Inc. Class A (a) | 628 | 44,090 | |
Stella-Jones, Inc. | 136 | 7,901 | |
Sun Life Financial, Inc. | 1,228 | 62,700 | |
The Toronto-Dominion Bank | 1,800 | 106,785 | |
Thomson Reuters Corp. | 110 | 16,614 | |
TMX Group Ltd. | 708 | 18,746 | |
Triple Flag Precious Metals Corp. | 116 | 1,871 | |
TOTAL CANADA | 1,133,977 | ||
China - 0.0% | |||
BOC Hong Kong (Holdings) Ltd. | 1,500 | 4,598 | |
Denmark - 3.2% | |||
A.P. Moller - Maersk A/S Series A | 2 | 2,850 | |
Carlsberg A/S Series B | 97 | 13,048 | |
DSV A/S | 193 | 27,554 | |
Genmab A/S (a) | 6 | 1,666 | |
Novo Nordisk A/S Series B | 2,264 | 290,341 | |
Novonesis (NOVOZYMES) B Series B | 27 | 1,501 | |
ORSTED A/S (a)(b) | 111 | 6,126 | |
Pandora A/S | 65 | 9,947 | |
Svitzer A/S | 4 | 134 | |
Vestas Wind Systems A/S (a) | 311 | 8,384 | |
TOTAL DENMARK | 361,551 | ||
Finland - 1.0% | |||
Elisa Corp. (A Shares) | 192 | 8,671 | |
Kesko Oyj | 262 | 4,482 | |
Metso Corp. | 768 | 8,749 | |
Neste OYJ | 277 | 6,308 | |
Nokia Corp. | 2,645 | 9,616 | |
Nordea Bank Abp | 2,044 | 23,852 | |
Sampo Oyj (A Shares) | 589 | 23,836 | |
Stora Enso Oyj (R Shares) | 571 | 7,648 | |
UPM-Kymmene Corp. | 294 | 10,329 | |
Wartsila Corp. | 608 | 11,264 | |
TOTAL FINLAND | 114,755 | ||
France - 9.4% | |||
Accor SA | 425 | 18,737 | |
Air Liquide SA | 259 | 50,655 | |
Airbus Group NV | 424 | 69,772 | |
ALTEN | 254 | 30,007 | |
ARGAN SA | 33 | 2,599 | |
AXA SA | 2,133 | 73,844 | |
BNP Paribas SA | 665 | 47,855 | |
Capgemini SA | 286 | 60,112 | |
Compagnie Generale des Etablissements Michelin SCA Series B | 1,186 | 45,565 | |
Covivio | 452 | 22,604 | |
Covivio rights (a)(c) | 452 | 1,592 | |
Danone SA | 321 | 20,091 | |
Dassault Systemes SA | 401 | 15,740 | |
Edenred SA | 638 | 30,272 | |
Elis SA | 181 | 4,080 | |
EssilorLuxottica SA | 188 | 40,287 | |
Eurazeo SA | 141 | 12,760 | |
Exclusive Networks SA (a) | 246 | 5,251 | |
Gecina SA | 63 | 6,454 | |
Hermes International SCA | 1 | 2,402 | |
Kering SA | 14 | 4,930 | |
L'Oreal SA | 92 | 43,166 | |
Lectra | 478 | 16,324 | |
Legrand SA | 206 | 21,170 | |
LVMH Moet Hennessy Louis Vuitton SE | 221 | 181,537 | |
Publicis Groupe SA | 35 | 3,862 | |
Rexel SA | 753 | 19,632 | |
Societe Generale Series A | 339 | 9,134 | |
Stef SA | 39 | 5,294 | |
Thales SA | 86 | 14,497 | |
Thermador Groupe SA | 56 | 4,781 | |
TotalEnergies SE | 2,324 | 168,719 | |
TOTAL FRANCE | 1,053,725 | ||
Germany - 6.6% | |||
adidas AG | 15 | 3,624 | |
Allianz SE | 141 | 40,014 | |
Deutsche Borse AG | 385 | 74,225 | |
GEA Group AG | 255 | 10,314 | |
Hannover Reuck SE | 229 | 56,796 | |
Henkel AG & Co. KGaA | 302 | 21,716 | |
Infineon Technologies AG | 1,275 | 44,246 | |
Instone Real Estate Group BV (b) | 222 | 2,054 | |
LEG Immobilien AG | 85 | 7,250 | |
Merck KGaA | 276 | 43,873 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 129 | 56,747 | |
Puma AG | 149 | 6,879 | |
Rheinmetall AG | 122 | 67,339 | |
SAP SE | 1,165 | 210,361 | |
Siemens AG | 398 | 74,559 | |
Siemens Healthineers AG (b) | 225 | 12,478 | |
Stabilus Se | 66 | 4,099 | |
TOTAL GERMANY | 736,574 | ||
Hong Kong - 0.3% | |||
AIA Group Ltd. | 1,194 | 8,745 | |
Hang Lung Properties Ltd. | 2,000 | 2,207 | |
Hong Kong Exchanges and Clearing Ltd. | 3 | 95 | |
MTR Corp. Ltd. | 3,297 | 10,835 | |
Prudential PLC | 1,436 | 12,489 | |
Sino Land Ltd. | 4,000 | 4,277 | |
TOTAL HONG KONG | 38,648 | ||
India - 0.3% | |||
HDFC Bank Ltd. sponsored ADR | 51 | 2,938 | |
Reliance Industries Ltd. GDR (b) | 381 | 26,937 | |
TOTAL INDIA | 29,875 | ||
Indonesia - 0.2% | |||
PT Bank Central Asia Tbk | 21,589 | 12,981 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 13,700 | 4,147 | |
TOTAL INDONESIA | 17,128 | ||
Ireland - 0.8% | |||
AerCap Holdings NV (a) | 124 | 10,477 | |
Bank of Ireland Group PLC | 1,378 | 14,772 | |
Cairn Homes PLC | 3,126 | 5,297 | |
Cairn Homes PLC | 1,983 | 3,348 | |
Kerry Group PLC Class A | 215 | 18,539 | |
Kingspan Group PLC (Ireland) | 380 | 34,004 | |
TOTAL IRELAND | 86,437 | ||
Israel - 0.3% | |||
Elbit Systems Ltd. (Israel) | 14 | 2,859 | |
Ituran Location & Control Ltd. | 143 | 3,672 | |
NICE Ltd. (a) | 11 | 2,462 | |
NICE Ltd. sponsored ADR (a) | 93 | 20,786 | |
Wix.com Ltd. (a) | 68 | 8,083 | |
TOTAL ISRAEL | 37,862 | ||
Italy - 2.3% | |||
Assicurazioni Generali SpA | 2,134 | 52,153 | |
Banca Generali SpA | 66 | 2,593 | |
Enel SpA | 368 | 2,419 | |
Eni SpA | 1,612 | 25,891 | |
Industrie de Nora SpA | 119 | 1,605 | |
Intesa Sanpaolo SpA | 7,644 | 28,612 | |
Moncler SpA | 196 | 13,412 | |
Prada SpA | 2,571 | 20,967 | |
Prysmian SpA | 124 | 6,773 | |
Recordati SpA | 269 | 14,368 | |
UniCredit SpA | 2,300 | 84,420 | |
TOTAL ITALY | 253,213 | ||
Japan - 15.8% | |||
Advantest Corp. | 200 | 6,260 | |
Ajinomoto Co., Inc. | 461 | 17,141 | |
As One Corp. | 200 | 3,295 | |
Asahi Kasei Corp. | 3,378 | 23,552 | |
Astellas Pharma, Inc. | 96 | 921 | |
Azbil Corp. | 2,000 | 55,860 | |
BayCurrent Consulting, Inc. | 196 | 4,172 | |
Bridgestone Corp. | 1,362 | 60,101 | |
Capcom Co. Ltd. | 396 | 6,519 | |
Chugai Pharmaceutical Co. Ltd. | 200 | 6,361 | |
CTS Co. Ltd. | 600 | 2,811 | |
Curves Holdings Co. Ltd. | 1,618 | 7,599 | |
Daiichi Sankyo Kabushiki Kaisha | 306 | 10,299 | |
Daiwa Securities Group, Inc. | 4,597 | 33,784 | |
DENSO Corp. | 1,600 | 27,269 | |
Eisai Co. Ltd. | 201 | 8,255 | |
Elan Corp. | 507 | 2,910 | |
ENEOS Holdings, Inc. | 699 | 3,230 | |
FANUC Corp. | 632 | 18,719 | |
Fast Retailing Co. Ltd. | 92 | 24,055 | |
FUJIFILM Holdings Corp. | 2,592 | 55,138 | |
Fujitsu Ltd. | 2,890 | 44,645 | |
Hankyu Hanshin Holdings, Inc. | 747 | 19,585 | |
Hitachi Ltd. | 1,050 | 96,874 | |
Hoya Corp. | 963 | 111,650 | |
Ibiden Co. Ltd. | 557 | 21,174 | |
Itochu Corp. | 1,881 | 84,861 | |
JFE Holdings, Inc. | 378 | 5,642 | |
KDDI Corp. | 946 | 26,250 | |
Koshidaka Holdings Co. Ltd. | 592 | 3,239 | |
Kubota Corp. | 494 | 7,924 | |
LY Corp. | 1,100 | 2,643 | |
Marubeni Corp. | 1,039 | 18,511 | |
MatsukiyoCocokara & Co. | 200 | 2,836 | |
Minebea Mitsumi, Inc. | 298 | 5,582 | |
Mitsubishi Chemical Holdings Corp. | 400 | 2,334 | |
Mitsubishi Electric Corp. | 300 | 5,229 | |
Mitsubishi Heavy Industries Ltd. | 7,640 | 68,310 | |
Mitsui Chemicals, Inc. | 200 | 5,693 | |
Mizuho Financial Group, Inc. | 700 | 13,530 | |
NEC Corp. | 97 | 7,023 | |
Nippon Yusen KK | 100 | 2,839 | |
Nitto Kohki Co. Ltd. | 200 | 3,091 | |
Nomura Holdings, Inc. | 1,897 | 10,794 | |
Nomura Research Institute Ltd. | 439 | 10,623 | |
OMRON Corp. | 362 | 12,425 | |
Oriental Land Co. Ltd. | 278 | 7,671 | |
ORIX Corp. | 1,292 | 26,441 | |
Pan Pacific International Holdings Ltd. | 200 | 4,697 | |
Persol Holdings Co. Ltd. | 7,100 | 9,822 | |
ProNexus, Inc. | 700 | 5,094 | |
Recruit Holdings Co. Ltd. | 1,306 | 56,246 | |
Renesas Electronics Corp. | 3,335 | 54,146 | |
San-Ai Obbli Co. Ltd. | 200 | 2,624 | |
Seiko Epson Corp. | 400 | 6,580 | |
Sekisui House Ltd. | 700 | 16,086 | |
SG Holdings Co. Ltd. | 791 | 9,259 | |
Shimadzu Corp. | 300 | 8,150 | |
Shin-Etsu Chemical Co. Ltd. | 2,123 | 82,179 | |
Shiseido Co. Ltd. | 100 | 2,677 | |
SoftBank Corp. | 2,174 | 26,222 | |
SoftBank Group Corp. | 299 | 14,705 | |
Softcreate Co. Ltd. | 200 | 2,347 | |
Software Service, Inc. | 100 | 8,560 | |
Sompo Holdings, Inc. | 795 | 15,733 | |
Sony Group Corp. | 941 | 77,775 | |
Sumitomo Metal Mining Co. Ltd. | 399 | 13,330 | |
SWCC Showa Holdings Co. Ltd. | 100 | 2,637 | |
Sysmex Corp. | 603 | 9,642 | |
TDK Corp. | 99 | 4,416 | |
TIS, Inc. | 621 | 13,262 | |
Tokio Marine Holdings, Inc. | 2,913 | 92,069 | |
Tokyo Electron Ltd. | 188 | 41,237 | |
Tokyo Gas Co. Ltd. | 97 | 2,175 | |
Toray Industries, Inc. | 4,969 | 22,712 | |
Toyota Motor Corp. | 3,024 | 68,973 | |
USS Co. Ltd. | 928 | 7,089 | |
YAKUODO Holdings Co. Ltd. | 200 | 3,633 | |
Yamaha Corp. | 461 | 9,715 | |
Yamaha Motor Co. Ltd. | 2,724 | 25,407 | |
Yaskawa Electric Corp. | 452 | 18,624 | |
Yokogawa Electric Corp. | 776 | 17,146 | |
TOTAL JAPAN | 1,760,639 | ||
Korea (South) - 0.1% | |||
Samsung Electronics Co. Ltd. | 207 | 11,474 | |
Netherlands - 5.0% | |||
Akzo Nobel NV | 284 | 18,834 | |
ASM International NV (Netherlands) | 57 | 36,206 | |
ASML Holding NV (Netherlands) | 377 | 335,025 | |
BE Semiconductor Industries NV | 110 | 14,733 | |
IMCD NV | 335 | 50,856 | |
Koninklijke Ahold Delhaize NV | 179 | 5,433 | |
Koninklijke KPN NV | 5,237 | 19,032 | |
TKH Group NV (bearer) (depositary receipt) | 70 | 3,030 | |
Topicus.Com, Inc. | 20 | 1,630 | |
Universal Music Group NV | 343 | 10,140 | |
Wolters Kluwer NV | 417 | 62,637 | |
TOTAL NETHERLANDS | 557,556 | ||
New Zealand - 0.1% | |||
Meridian Energy Ltd. | 696 | 2,455 | |
Xero Ltd. (a) | 53 | 4,115 | |
TOTAL NEW ZEALAND | 6,570 | ||
Norway - 0.8% | |||
DNB Bank ASA | 615 | 10,746 | |
Equinor ASA | 865 | 23,016 | |
Gjensidige Forsikring ASA | 478 | 7,689 | |
Kongsberg Gruppen ASA | 449 | 31,770 | |
Norsk Hydro ASA | 1,391 | 8,548 | |
Orkla ASA | 939 | 6,407 | |
TOTAL NORWAY | 88,176 | ||
Portugal - 0.3% | |||
Galp Energia SGPS SA Class B | 1,641 | 35,376 | |
Singapore - 0.7% | |||
CapitaLand Investment Ltd. | 3,533 | 6,832 | |
City Developments Ltd. | 3,928 | 17,605 | |
Keppel Ltd. | 3,396 | 16,987 | |
STMicroelectronics NV (France) | 430 | 17,022 | |
United Overseas Bank Ltd. | 827 | 18,352 | |
TOTAL SINGAPORE | 76,798 | ||
South Africa - 0.2% | |||
Anglo American PLC (United Kingdom) | 629 | 20,554 | |
Spain - 1.6% | |||
Amadeus IT Holding SA Class A | 894 | 56,746 | |
Banco Bilbao Vizcaya Argentaria SA | 733 | 7,927 | |
Banco Santander SA (Spain) | 15,560 | 75,938 | |
CaixaBank SA | 2,374 | 12,519 | |
Cellnex Telecom SA (b) | 325 | 10,743 | |
Fluidra SA | 124 | 2,633 | |
Iberdrola SA | 244 | 2,992 | |
Industria de Diseno Textil SA | 8 | 366 | |
Redeia Corp. SA | 665 | 11,107 | |
TOTAL SPAIN | 180,971 | ||
Sweden - 3.5% | |||
Addlife AB | 216 | 2,011 | |
AddTech AB (B Shares) | 1,359 | 28,708 | |
Alfa Laval AB | 57 | 2,450 | |
ASSA ABLOY AB (B Shares) | 858 | 22,670 | |
Atlas Copco AB (A Shares) | 7,250 | 126,992 | |
Autoliv, Inc. | 205 | 24,557 | |
Bergman & Beving AB (B Shares) | 290 | 5,881 | |
Boliden AB | 731 | 24,417 | |
Dometic Group AB (b) | 239 | 1,724 | |
Epiroc AB (A Shares) | 1,787 | 33,037 | |
EQT AB | 298 | 8,174 | |
Essity AB (B Shares) | 138 | 3,439 | |
Evolution AB (b) | 49 | 5,478 | |
Hemnet Group AB | 266 | 6,976 | |
Indutrade AB | 902 | 21,133 | |
Investor AB (B Shares) | 672 | 16,607 | |
INVISIO AB | 471 | 10,407 | |
John Mattson Fastighetsforetagen AB (a) | 377 | 1,902 | |
Lagercrantz Group AB (B Shares) | 501 | 7,451 | |
Svenska Cellulosa AB SCA (B Shares) | 835 | 12,278 | |
Svenska Handelsbanken AB (A Shares) | 972 | 8,335 | |
Swedbank AB (A Shares) | 155 | 2,987 | |
Tele2 AB (B Shares) | 848 | 7,933 | |
Telia Co. AB | 2,656 | 6,088 | |
Volvo AB (A Shares) | 142 | 3,773 | |
TOTAL SWEDEN | 395,408 | ||
Switzerland - 3.4% | |||
ABB Ltd. (Reg.) | 1,507 | 73,223 | |
Alcon, Inc. (Switzerland) | 609 | 47,104 | |
Banque Cantonale Vaudoise | 12 | 1,256 | |
Clariant AG (Reg.) | 201 | 3,013 | |
Compagnie Financiere Richemont SA Series A | 264 | 36,492 | |
DSM-Firmenich AG | 94 | 10,603 | |
Givaudan SA | 5 | 21,463 | |
Kuehne & Nagel International AG | 84 | 22,269 | |
Logitech International SA (Reg.) | 165 | 12,934 | |
Novartis AG | 76 | 7,376 | |
Partners Group Holding AG | 15 | 19,410 | |
SGS SA (Reg.) | 114 | 10,053 | |
Sig Group AG | 929 | 18,595 | |
Swiss Life Holding AG | 15 | 10,133 | |
Tecan Group AG | 35 | 12,450 | |
VAT Group AG (b) | 20 | 10,067 | |
Zurich Insurance Group Ltd. | 130 | 62,819 | |
TOTAL SWITZERLAND | 379,260 | ||
Taiwan - 0.8% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,823 | 91,374 | |
United Kingdom - 10.9% | |||
3i Group PLC | 1,799 | 64,274 | |
AstraZeneca PLC (United Kingdom) | 712 | 107,689 | |
Aviva PLC | 2,703 | 15,729 | |
B&M European Value Retail SA | 837 | 5,428 | |
BAE Systems PLC | 10,962 | 182,322 | |
Barratt Developments PLC | 4,484 | 25,477 | |
Beazley PLC | 1,610 | 13,338 | |
Berkeley Group Holdings PLC | 143 | 8,423 | |
Bunzl PLC | 70 | 2,689 | |
Burberry Group PLC | 382 | 5,466 | |
Clarkson PLC | 47 | 2,282 | |
Coca-Cola European Partners PLC | 77 | 5,546 | |
Compass Group PLC | 3,272 | 91,007 | |
Croda International PLC | 154 | 8,871 | |
DCC PLC (United Kingdom) | 243 | 16,655 | |
Diageo PLC | 1,755 | 60,652 | |
Diploma PLC | 302 | 13,691 | |
Flutter Entertainment PLC (a) | 122 | 22,752 | |
Halma PLC | 449 | 12,382 | |
Hill & Smith Holdings PLC | 165 | 3,897 | |
Howden Joinery Group PLC | 793 | 8,680 | |
HSBC Holdings PLC (United Kingdom) | 1,880 | 16,296 | |
Informa PLC | 1,601 | 15,920 | |
InterContinental Hotel Group PLC | 97 | 9,461 | |
InterContinental Hotel Group PLC ADR | 595 | 58,518 | |
Intertek Group PLC | 140 | 8,649 | |
J Sainsbury PLC | 3,974 | 13,080 | |
JD Sports Fashion PLC | 2,909 | 4,202 | |
Kingfisher PLC | 4,354 | 13,412 | |
Legal & General Group PLC | 613 | 1,808 | |
Lloyds Banking Group PLC | 23,589 | 15,224 | |
London Stock Exchange Group PLC | 700 | 77,168 | |
Mears Group PLC | 749 | 3,388 | |
Melrose Industries PLC | 360 | 2,842 | |
National Grid PLC | 155 | 2,033 | |
NatWest Group PLC | 1,966 | 7,420 | |
On The Beach Group PLC (a)(b) | 1,107 | 1,997 | |
Pearson PLC | 539 | 6,540 | |
RELX PLC (London Stock Exchange) | 2,246 | 92,281 | |
Rentokil Initial PLC | 859 | 4,336 | |
Rightmove PLC | 1,890 | 12,162 | |
Sabre Insurance Group PLC (b) | 986 | 1,981 | |
Sage Group PLC | 4,871 | 70,969 | |
Schroders PLC | 245 | 1,080 | |
Segro PLC | 991 | 10,501 | |
Spectris PLC | 903 | 37,574 | |
SSE PLC | 426 | 8,855 | |
St. James's Place PLC | 1,035 | 5,634 | |
Standard Chartered PLC (United Kingdom) | 3,628 | 31,170 | |
Synthomer PLC (a) | 22 | 71 | |
Unilever PLC | 64 | 3,311 | |
TOTAL UNITED KINGDOM | 1,215,133 | ||
United States of America - 11.3% | |||
CBRE Group, Inc. (a) | 266 | 23,113 | |
CDW Corp. | 79 | 19,107 | |
CRH PLC | 1,140 | 88,831 | |
CRH PLC | 888 | 68,749 | |
CSL Ltd. | 17 | 3,021 | |
CyberArk Software Ltd. (a) | 22 | 5,264 | |
Experian PLC | 1,397 | 56,347 | |
Ferguson PLC | 236 | 50,014 | |
GSK PLC | 1,673 | 34,710 | |
ICON PLC (a) | 64 | 19,064 | |
James Hardie Industries PLC CDI (a) | 16 | 550 | |
Linde PLC | 400 | 176,384 | |
Marsh & McLennan Companies, Inc. | 433 | 86,353 | |
MasterCard, Inc. Class A | 91 | 41,059 | |
Microsoft Corp. | 44 | 17,131 | |
Moody's Corp. | 112 | 41,477 | |
Morningstar, Inc. | 41 | 11,589 | |
MSCI, Inc. | 50 | 23,290 | |
Nestle SA (Reg. S) | 629 | 63,152 | |
PriceSmart, Inc. | 42 | 3,385 | |
ResMed, Inc. | 30 | 6,420 | |
S&P Global, Inc. | 182 | 75,681 | |
Schneider Electric SA | 429 | 97,818 | |
Shell PLC: | |||
ADR | 1,658 | 118,812 | |
(London) | 425 | 15,108 | |
Sherwin-Williams Co. | 130 | 38,949 | |
Swiss Re Ltd. | 251 | 27,256 | |
Thermo Fisher Scientific, Inc. | 17 | 9,668 | |
Visa, Inc. Class A | 143 | 38,411 | |
TOTAL UNITED STATES OF AMERICA | 1,260,713 | ||
Zambia - 0.1% | |||
First Quantum Minerals Ltd. | 1,146 | 14,551 | |
TOTAL COMMON STOCKS (Cost $9,598,318) | 10,338,658 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Germany - 0.0% | |||
Sartorius AG (non-vtg.) (Cost $7,511) | 22 | 6,628 | |
Money Market Funds - 7.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) (Cost $779,462) | 779,301 | 779,457 | |
TOTAL INVESTMENT IN SECURITIES - 99.6% (Cost $10,385,291) | 11,124,743 |
NET OTHER ASSETS (LIABILITIES) - 0.4% | 41,554 |
NET ASSETS - 100.0% | 11,166,297 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE E-mini MSCI EAFE Index Contracts (United States) | 6 | Jun 2024 | 680,250 | (11,548) | (11,548) |
The notional amount of futures purchased as a percentage of Net Assets is 6.1% |
(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 $80,060 or 0.7% of net assets. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 246,454 | 3,554,807 | 3,021,799 | 10,676 | - | (5) | 779,457 | 0.0% |
Total | 246,454 | 3,554,807 | 3,021,799 | 10,676 | - | (5) | 779,457 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 183,024 | 67,890 | 115,134 | - |
Consumer Discretionary | 1,070,621 | 256,873 | 813,748 | - |
Consumer Staples | 417,118 | 203,428 | 213,690 | - |
Energy | 623,500 | 339,331 | 284,169 | - |
Financials | 2,295,639 | 1,462,633 | 833,006 | - |
Health Care | 857,977 | 216,382 | 641,595 | - |
Industrials | 2,234,816 | 860,059 | 1,374,757 | - |
Information Technology | 1,593,592 | 769,100 | 824,492 | - |
Materials | 913,203 | 651,169 | 262,034 | - |
Real Estate | 110,532 | 79,611 | 30,921 | - |
Utilities | 45,264 | 21,971 | 23,293 | - |
Money Market Funds | 779,457 | 779,457 | - | - |
Total Investments in Securities: | 11,124,743 | 5,707,904 | 5,416,839 | - |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (11,548) | (11,548) | - | - |
Total Liabilities | (11,548) | (11,548) | - | - |
Total Derivative Instruments: | (11,548) | (11,548) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (11,548) |
Total Equity Risk | 0 | (11,548) |
Total Value of Derivatives | 0 | (11,548) |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $9,605,829) | $ | 10,345,286 | ||
Fidelity Central Funds (cost $779,462) | 779,457 | |||
Total Investment in Securities (cost $10,385,291) | $ | 11,124,743 | ||
Segregated cash with brokers for derivative instruments | 21,849 | |||
Foreign currency held at value (cost $4,555) | 4,552 | |||
Receivable for fund shares sold | 4,706 | |||
Dividends receivable | 41,750 | |||
Distributions receivable from Fidelity Central Funds | 2,303 | |||
Total assets | 11,199,903 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 1,592 | ||
Payable for fund shares redeemed | 16,441 | |||
Payable for daily variation margin on futures contracts | 9,360 | |||
Custody fee payable | 6,213 | |||
Total liabilities | 33,606 | |||
Net Assets | $ | 11,166,297 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 10,411,434 | ||
Total accumulated earnings (loss) | 754,863 | |||
Net Assets | $ | 11,166,297 | ||
Net Asset Value, offering price and redemption price per share ($11,166,297 ÷ 1,011,155 shares) | $ | 11.04 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 116,470 | ||
Interest | 234 | |||
Income from Fidelity Central Funds | 10,676 | |||
Income before foreign taxes withheld | $ | 127,380 | ||
Less foreign taxes withheld | (12,967) | |||
Total income | 114,413 | |||
Expenses | ||||
Custodian fees and expenses | $ | 10,832 | ||
Independent trustees' fees and expenses | 20 | |||
Total expenses before reductions | 10,852 | |||
Expense reductions | (10,627) | |||
Total expenses after reductions | 225 | |||
Net Investment income (loss) | 114,188 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (64,854) | |||
Foreign currency transactions | 3,663 | |||
Futures contracts | 39,265 | |||
Total net realized gain (loss) | (21,926) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,266,379 | |||
Fidelity Central Funds | (5) | |||
Assets and liabilities in foreign currencies | (467) | |||
Futures contracts | (11,213) | |||
Total change in net unrealized appreciation (depreciation) | 1,254,694 | |||
Net gain (loss) | 1,232,768 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,346,956 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | For the period May 11, 2023 (commencement of operations) through October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 114,188 | $ | 73,251 |
Net realized gain (loss) | (21,926) | (43,017) | ||
Change in net unrealized appreciation (depreciation) | 1,254,694 | (527,429) | ||
Net increase (decrease) in net assets resulting from operations | 1,346,956 | (497,195) | ||
Distributions to shareholders | (94,899) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 3,552,106 | 7,829,024 | ||
Reinvestment of distributions | 94,899 | - | ||
Cost of shares redeemed | (577,167) | (487,427) | ||
Net increase (decrease) in net assets resulting from share transactions | 3,069,838 | 7,341,597 | ||
Total increase (decrease) in net assets | 4,321,895 | 6,844,402 | ||
Net Assets | ||||
Beginning of period | 6,844,402 | - | ||
End of period | $ | 11,166,297 | $ | 6,844,402 |
Other Information | ||||
Shares | ||||
Sold | 322,377 | 782,048 | ||
Issued in reinvestment of distributions | 9,304 | - | ||
Redeemed | (53,419) | (49,155) | ||
Net increase (decrease) | 278,262 | 732,893 | ||
Fidelity® Series Sustainable Non-U.S. Developed Markets Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 9.34 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .14 | .11 | ||
Net realized and unrealized gain (loss) | 1.69 | (.77) | ||
Total from investment operations | 1.83 | (.66) | ||
Distributions from net investment income | (.13) | - | ||
Total distributions | (.13) | - | ||
Net asset value, end of period | $ | 11.04 | $ | 9.34 |
Total Return D,E | 19.66 % | (6.60)% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | .24% H | .29% H | ||
Expenses net of fee waivers, if any | .01 % H | .01% H | ||
Expenses net of all reductions | .01% H | .01% H | ||
Net investment income (loss) | 2.54% H | 2.35% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 11,166 | $ | 6,844 |
Portfolio turnover rate I | 37 % H | 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 | 6,514,846 | 683,537 | (317,020) | 366,517 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 10,390,708 | 1,152,695 | (430,208) | 722,487 |
Short-term ($) | Long-term ($) | Total capital loss carryforward ($) | |
Fidelity Series Sustainable Emerging Markets Fund | (25,100) | (8,347) | (33,447) |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | (32,131) | (11,446) | (43,577) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity Series Sustainable Emerging Markets Fund | 3,283,319 | 1,238,313 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 4,165,642 | 1,582,631 |
Amount | |
Fidelity Series Sustainable Emerging Markets Fund | $13 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 1 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Series Sustainable Emerging Markets Fund | 4,195 | 22,898 | (3,516) |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 66,523 | 35,464 | (3,242) |
Expense Limitations | Reimbursement ($) | |
Fidelity Series Sustainable Emerging Markets Fund | .013% | 14,572 |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | .013% | 10,250 |
Custodian credits ($) | |
Fidelity Series Sustainable Non-U.S. Developed Markets Fund | 377 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Series Sustainable Emerging Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,130.70 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
Fidelity® Series Sustainable Non-U.S. Developed Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,196.60 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 6.9 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 6.1 | |
Linde PLC (United States of America, Chemicals) | 4.1 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.9 | |
Safran SA (France, Aerospace & Defense) | 3.9 | |
SAP SE (Germany, Software) | 3.9 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 3.6 | |
CRH PLC (United States of America, Construction Materials) | 3.2 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.0 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.7 | |
41.3 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 26.9 | |
Information Technology | 22.9 | |
Financials | 15.5 | |
Consumer Discretionary | 10.4 | |
Materials | 9.8 | |
Health Care | 7.2 | |
Consumer Staples | 2.6 | |
Energy | 0.7 | |
Communication Services | 0.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.4% | |||
Shares | Value ($) | ||
Belgium - 0.4% | |||
Azelis Group NV | 886,605 | 21,421,625 | |
Canada - 3.2% | |||
CAE, Inc. (a) | 1,458,511 | 28,139,362 | |
Canadian Pacific Kansas City Ltd. | 1,350,300 | 105,932,808 | |
Franco-Nevada Corp. | 280,680 | 33,788,029 | |
TOTAL CANADA | 167,860,199 | ||
Denmark - 6.1% | |||
Novo Nordisk A/S Series B | 2,498,600 | 320,426,237 | |
Finland - 0.5% | |||
Kone OYJ (B Shares) | 565,900 | 27,659,925 | |
France - 13.1% | |||
Airbus Group NV | 795,500 | 130,905,701 | |
Edenred SA | 1,325,422 | 62,888,242 | |
Lectra | 336,961 | 11,507,353 | |
Legrand SA | 726,900 | 74,701,034 | |
LVMH Moet Hennessy Louis Vuitton SE | 253,845 | 208,517,507 | |
Safran SA | 950,100 | 206,012,102 | |
TOTAL FRANCE | 694,531,939 | ||
Germany - 5.0% | |||
Deutsche Borse AG | 301,000 | 58,030,389 | |
SAP SE | 1,132,300 | 204,456,070 | |
TOTAL GERMANY | 262,486,459 | ||
Hong Kong - 0.7% | |||
AIA Group Ltd. | 5,019,200 | 36,762,418 | |
India - 1.6% | |||
HDFC Bank Ltd. | 1,301,691 | 23,632,754 | |
Jio Financial Services Ltd. | 697,900 | 3,141,854 | |
Kotak Mahindra Bank Ltd. | 1,011,800 | 19,659,138 | |
Reliance Industries Ltd. | 675,000 | 23,688,638 | |
Reliance Industries Ltd. GDR (b) | 198,000 | 13,998,600 | |
TOTAL INDIA | 84,120,984 | ||
Israel - 0.7% | |||
NICE Ltd. sponsored ADR (a)(c) | 168,950 | 37,762,015 | |
Italy - 1.4% | |||
Interpump Group SpA | 625,126 | 27,405,884 | |
Prada SpA | 5,780,500 | 47,141,798 | |
TOTAL ITALY | 74,547,682 | ||
Japan - 9.7% | |||
Azbil Corp. | 1,538,503 | 42,970,390 | |
Hoya Corp. | 497,000 | 57,622,093 | |
Keyence Corp. | 354,748 | 156,007,478 | |
Lasertec Corp. | 358,000 | 77,222,546 | |
Misumi Group, Inc. | 1,462,385 | 23,775,251 | |
OSG Corp. (c) | 681,200 | 8,784,961 | |
Recruit Holdings Co. Ltd. | 2,351,600 | 101,277,203 | |
SHO-BOND Holdings Co. Ltd. | 695,400 | 26,854,190 | |
USS Co. Ltd. | 2,048,800 | 15,651,387 | |
TOTAL JAPAN | 510,165,499 | ||
Netherlands - 8.4% | |||
Aalberts Industries NV | 226,400 | 10,853,305 | |
ASML Holding NV (Netherlands) | 412,200 | 366,304,594 | |
BE Semiconductor Industries NV | 197,566 | 26,460,726 | |
IMCD NV | 257,300 | 39,060,507 | |
TOTAL NETHERLANDS | 442,679,132 | ||
Spain - 0.7% | |||
Amadeus IT Holding SA Class A | 595,600 | 37,805,085 | |
Sweden - 7.1% | |||
ASSA ABLOY AB (B Shares) (c) | 2,551,210 | 67,406,584 | |
Atlas Copco AB (A Shares) (c) | 10,845,100 | 189,963,726 | |
Autoliv, Inc. | 348,669 | 41,767,060 | |
Epiroc AB (A Shares) | 3,466,017 | 64,077,568 | |
Lagercrantz Group AB (B Shares) | 688,100 | 10,233,711 | |
TOTAL SWEDEN | 373,448,649 | ||
Switzerland - 1.7% | |||
Schindler Holding AG: | |||
(participation certificate) | 113,078 | 28,292,565 | |
(Reg.) | 18,350 | 4,481,452 | |
UBS Group AG | 2,194,392 | 57,936,246 | |
TOTAL SWITZERLAND | 90,710,263 | ||
Taiwan - 2.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 6,081,000 | 145,343,171 | |
United Kingdom - 8.7% | |||
BAE Systems PLC | 5,761,700 | 95,829,841 | |
Compass Group PLC | 4,061,400 | 112,962,672 | |
InterContinental Hotel Group PLC ADR | 898,870 | 88,403,865 | |
London Stock Exchange Group PLC | 596,600 | 65,769,249 | |
Rightmove PLC | 2,957,994 | 19,035,231 | |
Sage Group PLC | 2,306,000 | 33,597,851 | |
Spectris PLC | 1,094,157 | 45,527,889 | |
TOTAL UNITED KINGDOM | 461,126,598 | ||
United States of America - 24.7% | |||
CRH PLC | 2,181,866 | 168,920,066 | |
Experian PLC | 2,585,900 | 104,299,549 | |
Linde PLC | 484,979 | 213,856,340 | |
Marsh & McLennan Companies, Inc. | 564,451 | 112,568,463 | |
MasterCard, Inc. Class A | 227,700 | 102,738,240 | |
Microsoft Corp. | 138,200 | 53,805,406 | |
Moody's Corp. | 241,100 | 89,286,563 | |
Nestle SA (Reg. S) | 1,262,559 | 126,761,174 | |
Otis Worldwide Corp. | 384,900 | 35,102,880 | |
PriceSmart, Inc. | 144,798 | 11,669,271 | |
S&P Global, Inc. | 207,500 | 86,284,725 | |
Sherwin-Williams Co. | 317,700 | 95,186,097 | |
Visa, Inc. Class A | 381,060 | 102,356,527 | |
TOTAL UNITED STATES OF AMERICA | 1,302,835,301 | ||
TOTAL COMMON STOCKS (Cost $3,303,216,400) | 5,091,693,181 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
China - 0.3% | |||
ByteDance Ltd. Series E1 (a)(d)(e) (Cost $6,992,915) | 63,819 | 14,708,365 | |
Money Market Funds - 6.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 135,926,214 | 135,953,399 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 219,295,145 | 219,317,075 | |
TOTAL MONEY MARKET FUNDS (Cost $355,270,474) | 355,270,474 | ||
TOTAL INVESTMENT IN SECURITIES - 103.4% (Cost $3,665,479,789) | 5,461,672,020 |
NET OTHER ASSETS (LIABILITIES) - (3.4)% | (180,195,477) |
NET ASSETS - 100.0% | 5,281,476,543 |
(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 $13,998,600 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 $14,708,365 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 6,992,915 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 71,840,035 | 821,502,635 | 757,391,206 | 2,258,594 | 1,935 | - | 135,953,399 | 0.3% |
Fidelity Securities Lending Cash Central Fund 5.39% | 12,775,303 | 426,567,629 | 220,025,857 | 155,960 | - | - | 219,317,075 | 0.8% |
Total | 84,615,338 | 1,248,070,264 | 977,417,063 | 2,414,554 | 1,935 | - | 355,270,474 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 33,743,596 | 19,035,231 | - | 14,708,365 |
Consumer Discretionary | 552,249,374 | 130,170,925 | 422,078,449 | - |
Consumer Staples | 138,430,445 | 11,669,271 | 126,761,174 | - |
Energy | 37,687,238 | 13,998,600 | 23,688,638 | - |
Financials | 821,054,808 | 614,059,006 | 206,995,802 | - |
Health Care | 378,048,330 | - | 378,048,330 | - |
Industrials | 1,422,238,023 | 328,350,313 | 1,093,887,710 | - |
Information Technology | 1,211,199,200 | 585,199,545 | 625,999,655 | - |
Materials | 511,750,532 | 511,750,532 | - | - |
Money Market Funds | 355,270,474 | 355,270,474 | - | - |
Total Investments in Securities: | 5,461,672,020 | 2,569,503,897 | 2,877,459,758 | 14,708,365 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $206,964,966) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,310,209,315) | $ | 5,106,401,546 | ||
Fidelity Central Funds (cost $355,270,474) | 355,270,474 | |||
Total Investment in Securities (cost $3,665,479,789) | $ | 5,461,672,020 | ||
Foreign currency held at value (cost $7,196,540) | 7,196,548 | |||
Receivable for investments sold | 22,167,684 | |||
Receivable for fund shares sold | 8,060,962 | |||
Dividends receivable | 9,866,750 | |||
Reclaims receivable | 10,782,525 | |||
Distributions receivable from Fidelity Central Funds | 558,943 | |||
Prepaid expenses | 1,636 | |||
Other receivables | 10,424 | |||
Total assets | 5,520,317,492 | |||
Liabilities | ||||
Payable for investments purchased | $ | 11,243,461 | ||
Payable for fund shares redeemed | 4,025,565 | |||
Accrued management fee | 3,854,908 | |||
Distribution and service plan fees payable | 80,094 | |||
Other payables and accrued expenses | 320,550 | |||
Collateral on securities loaned | 219,316,371 | |||
Total liabilities | 238,840,949 | |||
Net Assets | $ | 5,281,476,543 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,464,233,132 | ||
Total accumulated earnings (loss) | 1,817,243,411 | |||
Net Assets | $ | 5,281,476,543 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($201,719,654 ÷ 10,390,626 shares)(a) | $ | 19.41 | ||
Maximum offering price per share (100/94.25 of $19.41) | $ | 20.59 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($30,969,083 ÷ 1,609,483 shares)(a) | $ | 19.24 | ||
Maximum offering price per share (100/96.50 of $19.24) | $ | 19.94 | ||
Class C : | ||||
Net Asset Value and offering price per share ($27,400,694 ÷ 1,480,703 shares)(a) | $ | 18.51 | ||
International Growth : | ||||
Net Asset Value, offering price and redemption price per share ($1,534,181,214 ÷ 78,238,493 shares) | $ | 19.61 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($1,707,285,110 ÷ 87,299,308 shares) | $ | 19.56 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($1,779,920,788 ÷ 90,848,211 shares) | $ | 19.59 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 40,091,292 | ||
Foreign Tax Reclaims | 3,527,163 | |||
Income from Fidelity Central Funds (including $155,960 from security lending) | 2,414,554 | |||
Income before foreign taxes withheld | $ | 46,033,009 | ||
Less foreign taxes withheld | (4,896,837) | |||
Total income | 41,136,172 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 17,570,088 | ||
Performance adjustment | 2,988,285 | |||
Transfer agent fees | 2,139,569 | |||
Distribution and service plan fees | 476,378 | |||
Accounting fees | 490,504 | |||
Custodian fees and expenses | 145,001 | |||
Independent trustees' fees and expenses | 12,100 | |||
Registration fees | 90,849 | |||
Audit | 43,252 | |||
Legal | 3,651 | |||
Interest | 18,414 | |||
Miscellaneous | 9,393 | |||
Total expenses before reductions | 23,987,484 | |||
Expense reductions | (218,232) | |||
Total expenses after reductions | 23,769,252 | |||
Net Investment income (loss) | 17,366,920 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $291,052) | 101,727,802 | |||
Fidelity Central Funds | 1,935 | |||
Foreign currency transactions | (290,159) | |||
Total net realized gain (loss) | 101,439,578 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $19,626) | 720,059,582 | |||
Assets and liabilities in foreign currencies | (42,547) | |||
Total change in net unrealized appreciation (depreciation) | 720,017,035 | |||
Net gain (loss) | 821,456,613 | |||
Net increase (decrease) in net assets resulting from operations | $ | 838,823,533 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 17,366,920 | $ | 23,770,653 |
Net realized gain (loss) | 101,439,578 | (81,088,074) | ||
Change in net unrealized appreciation (depreciation) | 720,017,035 | 420,336,910 | ||
Net increase (decrease) in net assets resulting from operations | 838,823,533 | 363,019,489 | ||
Distributions to shareholders | (24,060,079) | (63,050,595) | ||
Share transactions - net increase (decrease) | 126,475,737 | 265,402,755 | ||
Total increase (decrease) in net assets | 941,239,191 | 565,371,649 | ||
Net Assets | ||||
Beginning of period | 4,340,237,352 | 3,774,865,703 | ||
End of period | $ | 5,281,476,543 | $ | 4,340,237,352 |
Fidelity Advisor® International Growth Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.19 | $ | 14.89 | $ | 21.04 | $ | 16.06 | $ | 15.03 | $ | 12.47 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .04 | - C | (.04) | (.01) | .15 D | ||||||
Net realized and unrealized gain (loss) | 3.22 | 1.49 | (5.80) | 5.02 | 1.16 | 2.48 | ||||||
Total from investment operations | 3.26 | 1.53 | (5.80) | 4.98 | 1.15 | 2.63 | ||||||
Distributions from net investment income | (.04) | - | (.03) | - | (.12) | (.07) | ||||||
Distributions from net realized gain | - | (.23) | (.32) | - | - | - | ||||||
Total distributions | (.04) | (.23) | (.35) | - | (.12) | (.07) | ||||||
Net asset value, end of period | $ | 19.41 | $ | 16.19 | $ | 14.89 | $ | 21.04 | $ | 16.06 | $ | 15.03 |
Total Return E,F,G | 20.13 % | 10.26% | (28.00)% | 31.01% | 7.66% | 21.25% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.25% J | 1.21% | 1.30% | 1.28% | 1.30% | 1.28% | ||||||
Expenses net of fee waivers, if any | 1.24 % J | 1.21% | 1.30% | 1.28% | 1.30% | 1.28% | ||||||
Expenses net of all reductions | 1.24% J | 1.21% | 1.30% | 1.28% | 1.29% | 1.27% | ||||||
Net investment income (loss) | .41% J | .23% | .02% | (.20)% | (.08)% | 1.14% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 201,720 | $ | 171,656 | $ | 157,490 | $ | 232,527 | $ | 174,561 | $ | 164,247 |
Portfolio turnover rate K | 35 % J | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.04 | $ | 14.79 | $ | 20.92 | $ | 16.01 | $ | 14.99 | $ | 12.43 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .02 | (.01) | (.04) | (.09) | (.06) | .11 C | ||||||
Net realized and unrealized gain (loss) | 3.18 | 1.49 | (5.77) | 5.00 | 1.15 | 2.48 | ||||||
Total from investment operations | 3.20 | 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 | $ | 19.24 | $ | 16.04 | $ | 14.79 | $ | 20.92 | $ | 16.01 | $ | 14.99 |
Total Return D,E,F | 19.95 % | 9.99% | (28.18)% | 30.67% | 7.27% | 20.92% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.50% I | 1.48% | 1.57% | 1.55% | 1.59% | 1.58% | ||||||
Expenses net of fee waivers, if any | 1.49 % I | 1.48% | 1.57% | 1.55% | 1.59% | 1.58% | ||||||
Expenses net of all reductions | 1.49% I | 1.47% | 1.57% | 1.55% | 1.58% | 1.58% | ||||||
Net investment income (loss) | .16% I | (.03)% | (.25)% | (.48)% | (.37)% | .83% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 30,969 | $ | 27,016 | $ | 26,250 | $ | 38,761 | $ | 30,353 | $ | 28,534 |
Portfolio turnover rate J | 35 % I | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.46 | $ | 14.33 | $ | 20.39 | $ | 15.68 | $ | 14.68 | $ | 12.20 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.03) | (.09) | (.13) | (.18) | (.13) | .05 C | ||||||
Net realized and unrealized gain (loss) | 3.08 | 1.45 | (5.61) | 4.89 | 1.13 | 2.43 | ||||||
Total from investment operations | 3.05 | 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 | $ | 18.51 | $ | 15.46 | $ | 14.33 | $ | 20.39 | $ | 15.68 | $ | 14.68 |
Total Return D,E,F | 19.73 % | 9.47% | (28.58)% | 30.04% | 6.81% | 20.33% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.99% I | 1.98% | 2.07% | 2.05% | 2.07% | 2.04% | ||||||
Expenses net of fee waivers, if any | 1.98 % I | 1.97% | 2.06% | 2.05% | 2.07% | 2.04% | ||||||
Expenses net of all reductions | 1.98% I | 1.97% | 2.06% | 2.05% | 2.06% | 2.03% | ||||||
Net investment income (loss) | (.33)% I | (.53)% | (.74)% | (.97)% | (.85)% | .38% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 27,401 | $ | 27,270 | $ | 33,575 | $ | 58,867 | $ | 55,013 | $ | 57,291 |
Portfolio turnover rate J | 35 % I | 22% | 22% | 21% | 23% | 21% |
Fidelity® International Growth Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.38 | $ | 15.05 | $ | 21.26 | $ | 16.20 | $ | 15.16 | $ | 12.57 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .09 | .05 | .02 | .03 | .19 C | ||||||
Net realized and unrealized gain (loss) | 3.25 | 1.51 | (5.85) | 5.06 | 1.17 | 2.51 | ||||||
Total from investment operations | 3.32 | 1.60 | (5.80) | 5.08 | 1.20 | 2.70 | ||||||
Distributions from net investment income | (.09) | (.04) | (.09) | (.02) | (.16) | (.11) | ||||||
Distributions from net realized gain | - | (.23) | (.32) | - | - | - | ||||||
Total distributions | (.09) | (.27) | (.41) | (.02) | (.16) | (.11) | ||||||
Net asset value, end of period | $ | 19.61 | $ | 16.38 | $ | 15.05 | $ | 21.26 | $ | 16.20 | $ | 15.16 |
Total Return D,E | 20.32 % | 10.59% | (27.79)% | 31.38% | 7.93% | 21.66% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .96% H | .93% | 1.01% | .99% | 1.01% | .99% | ||||||
Expenses net of fee waivers, if any | .95 % H | .92% | 1.01% | .99% | 1.01% | .99% | ||||||
Expenses net of all reductions | .95% H | .92% | 1.01% | .99% | 1.00% | .99% | ||||||
Net investment income (loss) | .70% H | .52% | .31% | .09% | .21% | 1.42% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,534,181 | $ | 1,277,884 | $ | 1,194,442 | $ | 1,773,433 | $ | 1,292,392 | $ | 1,040,532 |
Portfolio turnover rate I | 35 % H | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.34 | $ | 15.01 | $ | 21.20 | $ | 16.16 | $ | 15.13 | $ | 12.55 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .09 | .05 | .01 | .03 | .20 C | ||||||
Net realized and unrealized gain (loss) | 3.25 | 1.50 | (5.83) | 5.05 | 1.16 | 2.49 | ||||||
Total from investment operations | 3.31 | 1.59 | (5.78) | 5.06 | 1.19 | 2.69 | ||||||
Distributions from net investment income | (.09) | (.03) | (.09) | (.02) | (.16) | (.11) | ||||||
Distributions from net realized gain | - | (.23) | (.32) | - | - | - | ||||||
Total distributions | (.09) | (.26) | (.41) | (.02) | (.16) | (.11) | ||||||
Net asset value, end of period | $ | 19.56 | $ | 16.34 | $ | 15.01 | $ | 21.20 | $ | 16.16 | $ | 15.13 |
Total Return D,E | 20.30 % | 10.59% | (27.78)% | 31.36% | 7.90% | 21.64% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .98% H | .94% | 1.02% | 1.00% | 1.01% | .97% | ||||||
Expenses net of fee waivers, if any | .97 % H | .93% | 1.02% | 1.00% | 1.01% | .97% | ||||||
Expenses net of all reductions | .97% H | .93% | 1.02% | 1.00% | 1.00% | .97% | ||||||
Net investment income (loss) | .68% H | .51% | .30% | .07% | .21% | 1.44% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,707,285 | $ | 1,441,605 | $ | 1,373,850 | $ | 2,035,690 | $ | 1,382,837 | $ | 953,360 |
Portfolio turnover rate I | 35 % H | 22% | 22% | 21% | 23% | 21% |
Fidelity Advisor® International Growth Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.38 | $ | 15.05 | $ | 21.25 | $ | 16.19 | $ | 15.16 | $ | 12.57 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .11 | .08 | .04 | .05 | .22 C | ||||||
Net realized and unrealized gain (loss) | 3.25 | 1.51 | (5.85) | 5.06 | 1.16 | 2.50 | ||||||
Total from investment operations | 3.33 | 1.62 | (5.77) | 5.10 | 1.21 | 2.72 | ||||||
Distributions from net investment income | (.12) | (.06) | (.11) | (.04) | (.18) | (.13) | ||||||
Distributions from net realized gain | - | (.23) | (.32) | - | - | - | ||||||
Total distributions | (.12) | (.29) | (.43) | (.04) | (.18) | (.13) | ||||||
Net asset value, end of period | $ | 19.59 | $ | 16.38 | $ | 15.05 | $ | 21.25 | $ | 16.19 | $ | 15.16 |
Total Return D,E | 20.36 % | 10.74% | (27.68)% | 31.55% | 8.01% | 21.85% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .87% H | .80% | .89% | .87% | .88% | .84% | ||||||
Expenses net of fee waivers, if any | .86 % H | .79% | .89% | .87% | .88% | .84% | ||||||
Expenses net of all reductions | .86% H | .79% | .89% | .87% | .87% | .84% | ||||||
Net investment income (loss) | .79% H | .65% | .43% | .20% | .34% | 1.57% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,779,921 | $ | 1,394,806 | $ | 989,259 | $ | 1,277,877 | $ | 1,350,267 | $ | 1,082,899 |
Portfolio turnover rate I | 35 % H | 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 | $1,884,249,483 |
Gross unrealized depreciation | (93,059,885) |
Net unrealized appreciation (depreciation) | $1,791,189,598 |
Tax cost | $3,670,482,422 |
Short-term | $(19,969,920) |
Long-term | (59,075,488) |
Total capital loss carryforward | $(79,045,408) |
Purchases ($) | Sales ($) | |
Fidelity International Growth Fund | 884,728,163 | 854,883,188 |
Maximum Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
International Growth | .84 |
Class I | .85 |
Class Z | .71 |
Total Management Fee Rate % | |
Class A | .81 |
Class M | .81 |
Class C | .81 |
International Growth | .78 |
Class I | .81 |
Class Z | .69 |
Performance Adjustment Index | |
Fidelity International Growth Fund | MSCI EAFE Growth Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 251,815 | 3,856 |
Class M | .25% | .25% | 77,796 | 572 |
Class C | .75% | .25% | 146,767 | 11,722 |
476,378 | 16,150 |
Retained by FDC ($) | |
Class A | 23,973 |
Class M | 1,294 |
Class CA | 201 |
25,468 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
International Growth | .1672 |
Class I | .1771 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 130,920 | .20 |
Class M | 20,774 | .20 |
Class C | 19,864 | .20 |
International Growth | 806,056 | .17 |
Class I | 962,437 | .18 |
Class Z | 199,518 | .04 |
2,139,569 |
% of Average Net Assets | |
Fidelity International Growth Fund | .0302 |
% of Average Net Assets | |
Fidelity International Growth Fund | .03 |
Amount ($) | |
Fidelity International Growth Fund | 1,044 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity International Growth Fund | Borrower | 19,849,000 | 5.57% | 18,414 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Growth Fund | 47,153,146 | 24,931,317 | 5,069,008 |
Amount ($) | |
Fidelity International Growth Fund | 4,477 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Growth Fund | 17,121 | - | - |
Expense reduction ($) | |
Class M | 72 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Growth Fund | ||
Distributions to shareholders | ||
Class A | $381,200 | $2,422,202 |
Class M | - | 405,995 |
Class C | - | 523,121 |
International Growth | 7,052,424 | 20,712,364 |
Class I | 7,886,338 | 22,283,776 |
Class Z | 8,740,117 | 16,703,137 |
Total | $24,060,079 | $63,050,595 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Growth Fund | ||||
Class A | ||||
Shares sold | 783,361 | 1,715,103 | $14,844,494 | $29,331,847 |
Reinvestment of distributions | 21,028 | 147,890 | 380,608 | 2,418,006 |
Shares redeemed | (1,015,601) | (1,838,431) | (19,358,896) | (31,184,405) |
Net increase (decrease) | (211,212) | 24,562 | $(4,133,794) | $565,448 |
Class M | ||||
Shares sold | 66,187 | 132,875 | $1,269,544 | $2,258,104 |
Reinvestment of distributions | - | 25,006 | - | 405,854 |
Shares redeemed | (141,407) | (248,334) | (2,679,591) | (4,205,991) |
Net increase (decrease) | (75,220) | (90,453) | $(1,410,047) | $(1,542,033) |
Class C | ||||
Shares sold | 69,479 | 198,976 | $1,271,287 | $3,272,412 |
Reinvestment of distributions | - | 33,238 | - | 522,168 |
Shares redeemed | (352,580) | (810,575) | (6,409,154) | (13,278,845) |
Net increase (decrease) | (283,101) | (578,361) | $(5,137,867) | $(9,484,265) |
International Growth | ||||
Shares sold | 6,920,643 | 14,951,508 | $134,774,744 | $259,687,765 |
Reinvestment of distributions | 347,988 | 1,147,426 | 6,354,264 | 18,921,062 |
Shares redeemed | (7,046,764) | (17,451,945) | (135,489,993) | (300,038,938) |
Net increase (decrease) | 221,867 | (1,353,011) | $5,639,015 | $(21,430,111) |
Class I | ||||
Shares sold | 11,346,163 | 26,254,085 | $219,645,367 | $452,275,393 |
Reinvestment of distributions | 424,789 | 1,326,495 | 7,735,409 | 21,820,838 |
Shares redeemed | (12,714,795) | (30,872,229) | (245,815,777) | (525,218,348) |
Net increase (decrease) | (943,843) | (3,291,649) | $(18,435,001) | $(51,122,117) |
Class Z | ||||
Shares sold | 25,490,620 | 46,420,503 | $513,364,245 | $799,082,627 |
Reinvestment of distributions | 267,865 | 410,878 | 4,883,179 | 6,767,160 |
Shares redeemed | (20,064,440) | (27,405,076) | (368,293,993) | (457,433,954) |
Net increase (decrease) | 5,694,045 | 19,426,305 | $149,953,431 | $348,415,833 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Growth Fund | ||||||||||
Class A | 1.24% | |||||||||
Actual | $ 1,000 | $ 1,201.30 | $ 6.79 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.70 | $ 6.22 | |||||||
Class M | 1.49% | |||||||||
Actual | $ 1,000 | $ 1,199.50 | $ 8.15 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.45 | $ 7.47 | |||||||
Class C | 1.98% | |||||||||
Actual | $ 1,000 | $ 1,197.30 | $ 10.82 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.02 | $ 9.92 | |||||||
Fidelity® International Growth Fund ** | .95% | |||||||||
Actual | $ 1,000 | $ 1,203.20 | $ 5.20 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.14 | $ 4.77 | |||||||
Class I | .97% | |||||||||
Actual | $ 1,000 | $ 1,203.00 | $ 5.31 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.04 | $ 4.87 | |||||||
Class Z | .86% | |||||||||
Actual | $ 1,000 | $ 1,203.60 | $ 4.71 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.59 | $ 4.32 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® International Growth Fund | ||||||
Fidelity® International Growth Fund | .90% | |||||
Actual | $ 4.93 | |||||
Hypothetical- B | $ 4.52 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.6 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.4 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.5 | |
UniCredit SpA (Italy, Banks) | 2.4 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.3 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
L'Oreal SA (France, Personal Care Products) | 1.9 | |
Constellation Software, Inc. (Canada, Software) | 1.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 1.7 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 1.7 | |
23.4 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.0 | |
Financials | 19.4 | |
Industrials | 18.3 | |
Consumer Discretionary | 12.9 | |
Health Care | 11.1 | |
Materials | 5.2 | |
Consumer Staples | 4.0 | |
Energy | 3.5 | |
Communication Services | 2.2 | |
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 - 95.8% | |||
Shares | Value ($) (000s) | ||
Australia - 2.0% | |||
Aristocrat Leisure Ltd. | 1,038,597 | 26,505 | |
CAR Group Ltd. | 2,199,799 | 47,699 | |
IperionX Ltd. (a)(b) | 18,273,999 | 24,717 | |
National Storage REIT unit | 36,790,981 | 50,732 | |
Steadfast Group Ltd. | 6,712,311 | 24,429 | |
TOTAL AUSTRALIA | 174,082 | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (c) | 3,584,663 | 38,297 | |
Belgium - 1.2% | |||
UCB SA | 829,720 | 110,286 | |
Brazil - 1.3% | |||
MercadoLibre, Inc. (a) | 51,523 | 75,157 | |
Nu Holdings Ltd. (a) | 3,709,128 | 40,281 | |
TOTAL BRAZIL | 115,438 | ||
Canada - 4.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,149,500 | 63,710 | |
Cameco Corp. | 995,500 | 45,420 | |
Canadian Natural Resources Ltd. | 1,742,939 | 132,077 | |
Constellation Software, Inc. | 63,091 | 162,432 | |
Constellation Software, Inc. warrants 3/31/40 (a)(d) | 50,942 | 0 | |
Definity Financial Corp. | 504,012 | 16,801 | |
Lumine Group, Inc. (a) | 158,038 | 4,329 | |
TOTAL CANADA | 424,769 | ||
China - 0.1% | |||
Chervon Holdings Ltd. | 4,724,529 | 11,474 | |
Denmark - 3.6% | |||
Novo Nordisk A/S Series B | 2,504,919 | 321,235 | |
France - 11.7% | |||
Air Liquide SA | 700,823 | 137,066 | |
Airbus Group NV | 553,538 | 91,089 | |
AXA SA | 4,000,431 | 138,495 | |
BNP Paribas SA | 1,019,433 | 73,360 | |
EssilorLuxottica SA | 410,239 | 87,912 | |
Hermes International SCA | 37,081 | 89,078 | |
L'Oreal SA | 351,503 | 164,923 | |
LVMH Moet Hennessy Louis Vuitton SE | 228,948 | 188,066 | |
Safran SA | 321,800 | 69,777 | |
TOTAL FRANCE | 1,039,766 | ||
Germany - 6.4% | |||
adidas AG | 201,700 | 48,734 | |
Merck KGaA | 366,514 | 58,261 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 176,486 | 77,636 | |
Nexus AG | 562,762 | 31,050 | |
Rheinmetall AG | 260,442 | 143,752 | |
SAP SE | 595,100 | 107,455 | |
Siemens AG | 475,952 | 89,162 | |
Siemens Healthineers AG (c) | 333,238 | 18,481 | |
TOTAL GERMANY | 574,531 | ||
Hong Kong - 0.3% | |||
AIA Group Ltd. | 3,524,126 | 25,812 | |
Hungary - 0.2% | |||
Richter Gedeon PLC | 845,978 | 21,543 | |
India - 3.1% | |||
Avenue Supermarts Ltd. (a)(c) | 505,358 | 27,878 | |
Computer Age Management Services Private Ltd. | 717,700 | 27,500 | |
Delhivery Private Ltd. (a) | 2,843,400 | 15,282 | |
HDFC Bank Ltd. | 7,036,719 | 127,755 | |
HDFC Bank Ltd. sponsored ADR | 32,600 | 1,878 | |
Larsen & Toubro Ltd. | 807,273 | 34,692 | |
Lenskart Solutions Pvt Ltd. (d)(e) | 327,400 | 9,023 | |
Pine Labs Private Ltd. (a)(d)(e) | 8,672 | 2,836 | |
Sona Blw Precision Forgings Ltd. (c) | 2,874,000 | 21,477 | |
Star Health & Allied Insurance Co. Ltd. (a) | 853,800 | 5,845 | |
TOTAL INDIA | 274,166 | ||
Ireland - 1.9% | |||
Cairn Homes PLC | 25,817,293 | 43,745 | |
Dalata Hotel Group PLC | 11,086,402 | 49,929 | |
Kingspan Group PLC (Ireland) | 809,970 | 72,480 | |
TOTAL IRELAND | 166,154 | ||
Israel - 0.3% | |||
NICE Ltd. sponsored ADR (a) | 138,600 | 30,978 | |
Italy - 4.9% | |||
BFF Bank SpA (c) | 3,138,320 | 40,358 | |
Davide Campari Milano NV (f) | 3,205,337 | 32,223 | |
Ferrari NV (f) | 142,328 | 59,166 | |
FinecoBank SpA | 1,616,874 | 24,917 | |
Prysmian SpA | 1,010,786 | 55,208 | |
Recordati SpA | 195,159 | 10,424 | |
UniCredit SpA | 5,906,834 | 216,807 | |
TOTAL ITALY | 439,103 | ||
Japan - 17.3% | |||
Capcom Co. Ltd. | 2,442,502 | 40,210 | |
Daiichi Sankyo Kabushiki Kaisha | 1,761,149 | 59,276 | |
Disco Corp. | 112,200 | 31,960 | |
Fast Retailing Co. Ltd. | 292,980 | 76,605 | |
Fuji Electric Co. Ltd. | 1,100,900 | 68,480 | |
Hitachi Ltd. | 2,274,792 | 209,874 | |
Hoya Corp. | 1,024,243 | 118,751 | |
Itochu Corp. | 2,622,771 | 118,326 | |
JTOWER, Inc. (a)(f) | 550,353 | 11,241 | |
Keyence Corp. | 124,562 | 54,779 | |
Mitsubishi Heavy Industries Ltd. | 5,650,000 | 50,517 | |
Mitsubishi UFJ Financial Group, Inc. | 8,091,699 | 80,604 | |
ORIX Corp. | 4,209,538 | 86,150 | |
Pan Pacific International Holdings Ltd. | 1,963,033 | 46,104 | |
Renesas Electronics Corp. | 7,016,459 | 113,917 | |
Shin-Etsu Chemical Co. Ltd. | 3,260,278 | 126,202 | |
Sony Group Corp. | 1,199,050 | 99,103 | |
Sumitomo Mitsui Financial Group, Inc. | 1,057,613 | 60,076 | |
TIS, Inc. | 940,404 | 20,084 | |
Tokio Marine Holdings, Inc. | 1,712,126 | 54,114 | |
Visional, Inc. (a) | 360,400 | 16,444 | |
TOTAL JAPAN | 1,542,817 | ||
Kazakhstan - 0.2% | |||
Kaspi.KZ JSC ADR | 131,337 | 15,466 | |
Korea (South) - 2.2% | |||
HD Hyundai Marine Solution Co. Ltd. (g) | 22,500 | 1,354 | |
Samsung Electronics Co. Ltd. | 2,819,550 | 156,291 | |
SK Hynix, Inc. | 339,330 | 41,758 | |
TOTAL KOREA (SOUTH) | 199,403 | ||
Luxembourg - 0.1% | |||
CVC Capital Partners PLC | 287,000 | 5,207 | |
Netherlands - 7.0% | |||
ASML Holding NV (Netherlands) | 345,394 | 306,937 | |
BE Semiconductor Industries NV | 723,294 | 96,873 | |
IMCD NV | 224,001 | 34,005 | |
ING Groep NV (Certificaten Van Aandelen) | 3,178,787 | 50,257 | |
Topicus.Com, Inc. | 101,012 | 8,232 | |
Universal Music Group NV | 965,422 | 28,539 | |
Wolters Kluwer NV | 670,117 | 100,657 | |
TOTAL NETHERLANDS | 625,500 | ||
Spain - 1.1% | |||
CaixaBank SA | 15,919,377 | 83,952 | |
Cie Automotive SA | 55,844 | 1,484 | |
Puig Group SL Class B | 336,200 | 8,790 | |
TOTAL SPAIN | 94,226 | ||
Sweden - 2.6% | |||
ASSA ABLOY AB (B Shares) (f) | 1,375,155 | 36,334 | |
Indutrade AB | 2,758,346 | 64,626 | |
Investor AB (B Shares) | 3,467,400 | 85,691 | |
Kry International AB (a)(d)(e) | 4,183 | 127 | |
Lagercrantz Group AB (B Shares) | 2,923,515 | 43,480 | |
TOTAL SWEDEN | 230,258 | ||
Switzerland - 0.8% | |||
Partners Group Holding AG | 55,482 | 71,793 | |
Taiwan - 2.5% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 9,193,000 | 219,724 | |
United Kingdom - 11.8% | |||
3i Group PLC | 3,278,815 | 117,144 | |
AstraZeneca PLC (United Kingdom) | 996,640 | 150,741 | |
BAE Systems PLC | 8,633,334 | 143,591 | |
Big Yellow Group PLC | 1,838,537 | 24,811 | |
Cab Payments Holdings Ltd. (f) | 3,835,950 | 6,375 | |
Compass Group PLC | 4,958,904 | 137,926 | |
Diageo PLC | 664,480 | 22,964 | |
Flutter Entertainment PLC (a) | 303,195 | 56,544 | |
Games Workshop Group PLC | 401,752 | 49,749 | |
JD Sports Fashion PLC | 11,510,700 | 16,627 | |
London Stock Exchange Group PLC | 942,321 | 103,882 | |
RELX PLC (London Stock Exchange) | 2,197,707 | 90,297 | |
Sage Group PLC | 3,579,473 | 52,152 | |
Starling Bank Ltd. Series D (a)(d)(e) | 6,223,100 | 23,406 | |
Zegona Communications PLC (a) | 20,350,692 | 58,487 | |
TOTAL UNITED KINGDOM | 1,054,696 | ||
United States of America - 8.0% | |||
Canva, Inc. Class A (d)(e) | 5,900 | 6,293 | |
CRH PLC | 1,132,926 | 88,280 | |
Globant SA (a) | 132,796 | 23,716 | |
Linde PLC | 201,223 | 88,731 | |
Microsoft Corp. | 201,140 | 78,310 | |
Nestle SA (Reg. S) | 353,523 | 35,494 | |
NVIDIA Corp. | 135,751 | 117,292 | |
Samsonite International SA (c) | 9,300,083 | 32,696 | |
Schneider Electric SA | 489,800 | 111,681 | |
Shell PLC (London) | 3,760,399 | 133,677 | |
TOTAL UNITED STATES OF AMERICA | 716,170 | ||
TOTAL COMMON STOCKS (Cost $6,060,412) | 8,542,894 | ||
Preferred Stocks - 0.7% | |||
Shares | Value ($) (000s) | ||
Convertible Preferred Stocks - 0.5% | |||
China - 0.4% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 131,235 | 30,246 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 727,754 | 3,588 | |
33,834 | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(d)(e) | 87,239 | 10,713 | |
United States of America - 0.0% | |||
Canva, Inc.: | |||
Series A (d)(e) | 931 | 993 | |
Series A2 (d)(e) | 169 | 180 | |
1,173 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 45,720 | ||
Nonconvertible Preferred Stocks - 0.2% | |||
India - 0.2% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(d)(e) | 20,726 | 6,777 | |
Series A (a)(d)(e) | 5,179 | 1,693 | |
Series B (a)(d)(e) | 5,635 | 1,843 | |
Series B2 (a)(d)(e) | 4,558 | 1,490 | |
Series C (a)(d)(e) | 8,478 | 2,772 | |
Series C1 (a)(d)(e) | 1,786 | 584 | |
Series D (a)(d)(e) | 1,910 | 625 | |
15,784 | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 24,162 | 1,001 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 16,785 | ||
TOTAL PREFERRED STOCKS (Cost $77,597) | 62,505 | ||
Money Market Funds - 3.6% | |||
Shares | Value ($) (000s) | ||
Fidelity Cash Central Fund 5.39% (h) | 278,064,388 | 278,120 | |
Fidelity Securities Lending Cash Central Fund 5.39% (h)(i) | 44,727,264 | 44,732 | |
TOTAL MONEY MARKET FUNDS (Cost $322,852) | 322,852 | ||
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $6,460,861) | 8,928,251 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (6,166) |
NET ASSETS - 100.0% | 8,922,085 |
(a) | Non-income producing |
(b) | Affiliated company |
(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 $179,187,000 or 2.0% 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 $104,190,000 or 1.2% of net assets. |
(f) | Security or a portion of the security is on loan at period end. |
(g) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) (000s) |
Bolt Technology OU Series E | 1/03/22 | 22,664 |
ByteDance Ltd. Series E1 | 11/18/20 | 14,380 |
Canva, Inc. Class A | 3/18/24 | 6,293 |
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 |
Lenskart Solutions Pvt Ltd. | 4/30/24 | 9,023 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 264,603 | 1,289,599 | 1,276,082 | 4,860 | - | - | 278,120 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.39% | 31,747 | 416,913 | 403,928 | 313 | - | - | 44,732 | 0.2% |
Total | 296,350 | 1,706,512 | 1,680,010 | 5,173 | - | - | 322,852 | |
Affiliate (Amounts in thousands) | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
IperionX Ltd. | 13,105 | 1,429 | 41 | - | 19 | 10,205 | 24,717 |
Zegona Communications PLC | 122 | 36,973 | 87 | - | 29 | 21,450 | - |
Total | 13,227 | 38,402 | 128 | - | 48 | 31,655 | 24,717 |
Valuation Inputs at Reporting Date: | ||||
Description (Amounts in thousands) | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 216,422 | 87,026 | 99,150 | 30,246 |
Consumer Discretionary | 1,146,658 | 490,213 | 639,956 | 16,489 |
Consumer Staples | 355,982 | 260,856 | 95,126 | - |
Energy | 311,174 | 177,497 | 133,677 | - |
Financials | 1,696,788 | 563,195 | 1,110,187 | 23,406 |
Health Care | 991,548 | 319,476 | 668,484 | 3,588 |
Industrials | 1,645,128 | 470,728 | 1,174,400 | - |
Information Technology | 1,701,160 | 924,731 | 745,968 | 30,461 |
Materials | 464,996 | 177,011 | 287,985 | - |
Real Estate | 75,543 | 24,811 | 50,732 | - |
Money Market Funds | 322,852 | 322,852 | - | - |
Total Investments in Securities: | 8,928,251 | 3,818,396 | 5,005,665 | 104,190 |
(Amounts in thousands) | |||
Investments in Securities: | |||
Beginning Balance | $ | 101,024 | |
Net Realized Gain (Loss) on Investment Securities | (5,048) | ||
Net Unrealized Gain (Loss) on Investment Securities | 7,116 | ||
Cost of Purchases | 15,316 | ||
Proceeds of Sales | (991) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | (13,227) | ||
Ending Balance | $ | 104,190 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2024 | $ | 1,306 | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
Amounts in thousands (except per-share amounts) | April 30, 2024 (Unaudited) | |||
Assets | ||||
Investment in securities, at value (including securities loaned of $42,241) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,123,420) | $ | 8,580,682 | ||
Fidelity Central Funds (cost $322,852) | 322,852 | |||
Other affiliated issuers (cost $14,589) | 24,717 | |||
Total Investment in Securities (cost $6,460,861) | $ | 8,928,251 | ||
Foreign currency held at value (cost $7,317) | 7,306 | |||
Receivable for investments sold | 601 | |||
Receivable for fund shares sold | 3,386 | |||
Dividends receivable | 30,022 | |||
Reclaims receivable | 26,844 | |||
Distributions receivable from Fidelity Central Funds | 1,362 | |||
Prepaid expenses | 3 | |||
Other receivables | 3,436 | |||
Total assets | 9,001,211 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 17,824 | ||
Delayed delivery | 1,367 | |||
Payable for fund shares redeemed | 2,847 | |||
Accrued management fee | 3,999 | |||
Distribution and service plan fees payable | 41 | |||
Deferred taxes | 7,622 | |||
Other payables and accrued expenses | 694 | |||
Collateral on securities loaned | 44,732 | |||
Total liabilities | 79,126 | |||
Net Assets | $ | 8,922,085 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,957,989 | ||
Total accumulated earnings (loss) | 1,964,096 | |||
Net Assets | $ | 8,922,085 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($141,249 ÷ 3,002 shares)(a) | $ | 47.05 | ||
Maximum offering price per share (100/94.25 of $47.05) | $ | 49.92 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,569 ÷ 377 shares)(a) | $ | 46.60 | ||
Maximum offering price per share (100/96.50 of $46.60) | $ | 48.29 | ||
Class C : | ||||
Net Asset Value and offering price per share ($4,638 ÷ 101 shares)(a)(b) | $ | 46.00 | ||
International Discovery : | ||||
Net Asset Value, offering price and redemption price per share ($3,857,459 ÷ 81,339 shares) | $ | 47.42 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($550,014 ÷ 11,640 shares) | $ | 47.25 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($603,538 ÷ 12,776 shares) | $ | 47.24 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($3,747,618 ÷ 79,428 shares) | $ | 47.18 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. | ||||
(b)Corresponding Net Asset Value does not calculate due to rounding of fractional net assets and/or shares. |
Statement of Operations | ||||
Amounts in thousands | Six months ended April 30, 2024 (Unaudited) | |||
Investment Income | ||||
Dividends | $ | 98,353 | ||
Income from Fidelity Central Funds (including $313 from security lending) | 5,173 | |||
Income before foreign taxes withheld | $ | 103,526 | ||
Less foreign taxes withheld | (8,683) | |||
Total income | 94,843 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 28,437 | ||
Performance adjustment | (9,052) | |||
Transfer agent fees | 2,692 | |||
Distribution and service plan fees | 239 | |||
Accounting fees | 547 | |||
Custodian fees and expenses | 325 | |||
Independent trustees' fees and expenses | 20 | |||
Registration fees | 104 | |||
Audit | 97 | |||
Legal | 6 | |||
Interest | 1 | |||
Miscellaneous | 16 | |||
Total expenses before reductions | 23,432 | |||
Expense reductions | (371) | |||
Total expenses after reductions | 23,061 | |||
Net Investment income (loss) | 71,782 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 57,991 | |||
Redemptions in-kind | 9,303 | |||
Affiliated issuers | 48 | |||
Foreign currency transactions | 342 | |||
Total net realized gain (loss) | 67,684 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $476) | 1,441,265 | |||
Affiliated issuers | 31,655 | |||
Assets and liabilities in foreign currencies | (220) | |||
Total change in net unrealized appreciation (depreciation) | 1,472,700 | |||
Net gain (loss) | 1,540,384 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,612,166 |
Statement of Changes in Net Assets | ||||
Amount in thousands | Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | ||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 71,782 | $ | 121,221 |
Net realized gain (loss) | 67,684 | (92,662) | ||
Change in net unrealized appreciation (depreciation) | 1,472,700 | 524,383 | ||
Net increase (decrease) in net assets resulting from operations | 1,612,166 | 552,942 | ||
Distributions to shareholders | (157,784) | (30,708) | ||
Share transactions - net increase (decrease) | 332,033 | (756,854) | ||
Total increase (decrease) in net assets | 1,786,415 | (234,620) | ||
Net Assets | ||||
Beginning of period | 7,135,670 | 7,370,290 | ||
End of period | $ | 8,922,085 | $ | 7,135,670 |
Fidelity Advisor® International Discovery Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.12 | $ | 36.68 | $ | 58.79 | $ | 45.84 | $ | 43.31 | $ | 39.99 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .31 | .49 | .56 C | .18 | .16 | .63 D | ||||||
Net realized and unrealized gain (loss) | 8.32 | 1.95 | (16.91) | 14.60 | 3.27 | 3.93 | ||||||
Total from investment operations | 8.63 | 2.44 | (16.35) | 14.78 | 3.43 | 4.56 | ||||||
Distributions from net investment income | (.70) | - | (1.38) | (.12) | (.62) | (.33) | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.71) | (.28) | (.91) | ||||||
Total distributions | (.70) | - | (5.76) | (1.83) | (.90) | (1.24) | ||||||
Net asset value, end of period | $ | 47.05 | $ | 39.12 | $ | 36.68 | $ | 58.79 | $ | 45.84 | $ | 43.31 |
Total Return E,F,G | 22.26 % | 6.65% | (30.57)% | 32.86% | 8.02% | 11.90% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .89% J | 1.00% | 1.31% | 1.32% | 1.36% | 1.12% | ||||||
Expenses net of fee waivers, if any | .88 % J | .99% | 1.30% | 1.32% | 1.36% | 1.12% | ||||||
Expenses net of all reductions | .88% J | .99% | 1.30% | 1.32% | 1.36% | 1.11% | ||||||
Net investment income (loss) | 1.37% J | 1.17% | 1.27% C | .32% | .38% | 1.57% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 141 | $ | 122 | $ | 131 | $ | 206 | $ | 173 | $ | 185 |
Portfolio turnover rate K | 44 % J,L | 49% L | 43% L | 41% L | 34% L | 70% L |
Fidelity Advisor® International Discovery Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 38.71 | $ | 36.38 | $ | 58.35 | $ | 45.53 | $ | 43.01 | $ | 39.71 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .25 | .38 | .45 C | .04 | .06 | .53 D | ||||||
Net realized and unrealized gain (loss) | 8.24 | 1.95 | (16.81) | 14.51 | 3.24 | 3.91 | ||||||
Total from investment operations | 8.49 | 2.33 | (16.36) | 14.55 | 3.30 | 4.44 | ||||||
Distributions from net investment income | (.60) | - | (1.23) | (.02) | (.51) | (.22) | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.71) | (.28) | (.91) | ||||||
Total distributions | (.60) | - | (5.61) | (1.73) | (.78) E | (1.14) E | ||||||
Net asset value, end of period | $ | 46.60 | $ | 38.71 | $ | 36.38 | $ | 58.35 | $ | 45.53 | $ | 43.01 |
Total Return F,G,H | 22.10 % | 6.40% | (30.76)% | 32.53% | 7.77% | 11.62% | ||||||
Ratios to Average Net Assets A,I,J | ||||||||||||
Expenses before reductions | 1.14% K | 1.24% | 1.55% | 1.57% | 1.61% | 1.37% | ||||||
Expenses net of fee waivers, if any | 1.13 % K | 1.24% | 1.55% | 1.57% | 1.61% | 1.37% | ||||||
Expenses net of all reductions | 1.13% K | 1.23% | 1.55% | 1.57% | 1.60% | 1.35% | ||||||
Net investment income (loss) | 1.12% K | .93% | 1.02% C | .07% | .13% | 1.32% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 18 | $ | 15 | $ | 16 | $ | 25 | $ | 21 | $ | 24 |
Portfolio turnover rate L | 44 % K,M | 49% M | 43% M | 41% M | 34% M | 70% M |
Fidelity Advisor® International Discovery Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 38.06 | $ | 35.96 | $ | 57.59 | $ | 45.18 | $ | 42.60 | $ | 39.32 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .16 | .21 C | (.27) | (.18) | .31 D | ||||||
Net realized and unrealized gain (loss) | 8.13 | 1.94 | (16.66) | 14.38 | 3.22 | 3.88 | ||||||
Total from investment operations | 8.27 | 2.10 | (16.45) | 14.11 | 3.04 | 4.19 | ||||||
Distributions from net investment income | (.33) | - | (.80) | - | (.19) | - | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.70) | (.28) | (.91) | ||||||
Total distributions | (.33) | - | (5.18) | (1.70) | (.46) E | (.91) | ||||||
Net asset value, end of period | $ | 46.00 | $ | 38.06 | $ | 35.96 | $ | 57.59 | $ | 45.18 | $ | 42.60 |
Total Return F,G,H | 21.82 % | 5.84% | (31.14)% | 31.79% | 7.19% | 11.02% | ||||||
Ratios to Average Net Assets B,I,J | ||||||||||||
Expenses before reductions | 1.64% K | 1.77% | 2.10% | 2.14% | 2.16% | 1.91% | ||||||
Expenses net of fee waivers, if any | 1.63 % K | 1.76% | 2.10% | 2.13% | 2.15% | 1.91% | ||||||
Expenses net of all reductions | 1.63% K | 1.76% | 2.10% | 2.13% | 2.15% | 1.90% | ||||||
Net investment income (loss) | .63% K | .40% | .48% C | (.50)% | (.41)% | .78% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 5 | $ | 4 | $ | 5 | $ | 10 | $ | 11 | $ | 12 |
Portfolio turnover rate L | 44 % K,M | 49% M | 43% M | 41% M | 34% M | 70% M |
Fidelity® International Discovery Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.51 | $ | 37.04 | $ | 59.31 | $ | 46.20 | $ | 43.65 | $ | 40.32 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .38 | .63 | .72 C | .36 | .32 | .78 D | ||||||
Net realized and unrealized gain (loss) | 8.38 | 1.98 | (17.07) | 14.71 | 3.29 | 3.95 | ||||||
Total from investment operations | 8.76 | 2.61 | (16.35) | 15.07 | 3.61 | 4.73 | ||||||
Distributions from net investment income | (.85) | (.14) | (1.54) | (.25) | (.78) | (.49) | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.71) | (.28) | (.91) | ||||||
Total distributions | (.85) | (.14) | (5.92) | (1.96) | (1.06) | (1.40) | ||||||
Net asset value, end of period | $ | 47.42 | $ | 39.51 | $ | 37.04 | $ | 59.31 | $ | 46.20 | $ | 43.65 |
Total Return E,F | 22.42 % | 7.04% | (30.36)% | 33.29% | 8.39% | 12.31% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .59% I | .66% | .98% | .99% | 1.02% | .78% | ||||||
Expenses net of fee waivers, if any | .58 % I | .65% | .97% | .99% | 1.02% | .78% | ||||||
Expenses net of all reductions | .58% I | .65% | .97% | .99% | 1.01% | .76% | ||||||
Net investment income (loss) | 1.67% I | 1.51% | 1.60% C | .65% | .72% | 1.92% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3,857 | $ | 3,353 | $ | 3,386 | $ | 5,117 | $ | 6,784 | $ | 6,726 |
Portfolio turnover rate J | 44 % I,K | 49% K | 43% K | 41% K | 34% K | 70% K |
Fidelity® International Discovery Fund Class K |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.39 | $ | 36.93 | $ | 59.18 | $ | 46.10 | $ | 43.55 | $ | 40.25 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .40 | .68 | .78 C | .41 | .36 | .82 D | ||||||
Net realized and unrealized gain (loss) | 8.35 | 1.96 | (17.02) | 14.67 | 3.29 | 3.93 | ||||||
Total from investment operations | 8.75 | 2.64 | (16.24) | 15.08 | 3.65 | 4.75 | ||||||
Distributions from net investment income | (.89) | (.18) | (1.62) | (.29) | (.82) | (.54) | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.71) | (.28) | (.91) | ||||||
Total distributions | (.89) | (.18) | (6.01) E | (2.00) | (1.10) | (1.45) | ||||||
Net asset value, end of period | $ | 47.25 | $ | 39.39 | $ | 36.93 | $ | 59.18 | $ | 46.10 | $ | 43.55 |
Total Return F,G | 22.49 % | 7.15% | (30.28)% | 33.40% | 8.52% | 12.41% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .50% J | .55% | .87% | .90% | .91% | .66% | ||||||
Expenses net of fee waivers, if any | .49 % J | .54% | .87% | .90% | .91% | .66% | ||||||
Expenses net of all reductions | .49% J | .54% | .87% | .90% | .91% | .65% | ||||||
Net investment income (loss) | 1.76% J | 1.62% | 1.71% C | .74% | .83% | 2.03% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 550 | $ | 476 | $ | 603 | $ | 1,371 | $ | 1,401 | $ | 1,566 |
Portfolio turnover rate K | 44 % J,L | 49% L | 43% L | 41% L | 34% L | 70% L |
Fidelity Advisor® International Discovery Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.35 | $ | 36.90 | $ | 59.15 | $ | 46.08 | $ | 43.53 | $ | 40.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .37 | .63 | .69 C | .35 | .31 | .77 D | ||||||
Net realized and unrealized gain (loss) | 8.36 | 1.96 | (16.99) | 14.67 | 3.28 | 3.93 | ||||||
Total from investment operations | 8.73 | 2.59 | (16.30) | 15.02 | 3.59 | 4.70 | ||||||
Distributions from net investment income | (.84) | (.14) | (1.57) | (.24) | (.76) | (.48) | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.71) | (.28) | (.91) | ||||||
Total distributions | (.84) | (.14) | (5.95) | (1.95) | (1.04) | (1.39) | ||||||
Net asset value, end of period | $ | 47.24 | $ | 39.35 | $ | 36.90 | $ | 59.15 | $ | 46.08 | $ | 43.53 |
Total Return E,F | 22.44 % | 7.01% | (30.37)% | 33.26% | 8.37% | 12.26% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .61% I | .67% | .99% | 1.02% | 1.04% | .80% | ||||||
Expenses net of fee waivers, if any | .60 % I | .66% | .99% | 1.02% | 1.04% | .80% | ||||||
Expenses net of all reductions | .60% I | .66% | .99% | 1.02% | 1.03% | .79% | ||||||
Net investment income (loss) | 1.65% I | 1.50% | 1.59% C | .62% | .70% | 1.89% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 604 | $ | 497 | $ | 509 | $ | 566 | $ | 388 | $ | 463 |
Portfolio turnover rate J | 44 % I,K | 49% K | 43% K | 41% K | 34% K | 70% K |
Fidelity Advisor® International Discovery Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 39.33 | $ | 36.88 | $ | 59.14 | $ | 46.07 | $ | 43.52 | $ | 40.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .40 | .67 | .76 C | .43 | .36 | .82 D | ||||||
Net realized and unrealized gain (loss) | 8.35 | 1.97 | (16.99) | 14.64 | 3.29 | 3.94 | ||||||
Total from investment operations | 8.75 | 2.64 | (16.23) | 15.07 | 3.65 | 4.76 | ||||||
Distributions from net investment income | (.90) | (.19) | (1.65) | (.29) | (.82) | (.54) | ||||||
Distributions from net realized gain | - | - | (4.38) | (1.71) | (.28) | (.91) | ||||||
Total distributions | (.90) | (.19) | (6.03) | (2.00) | (1.10) | (1.46) E | ||||||
Net asset value, end of period | $ | 47.18 | $ | 39.33 | $ | 36.88 | $ | 59.14 | $ | 46.07 | $ | 43.52 |
Total Return F,G | 22.51 % | 7.14% | (30.29)% | 33.40% | 8.53% | 12.42% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | .50% J | .55% | .87% | .90% | .91% | .66% | ||||||
Expenses net of fee waivers, if any | .50 % J | .54% | .87% | .90% | .91% | .66% | ||||||
Expenses net of all reductions | .50% J | .54% | .87% | .90% | .91% | .65% | ||||||
Net investment income (loss) | 1.76% J | 1.62% | 1.71% C | .74% | .83% | 2.03% D | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (in millions) | $ | 3,748 | $ | 2,668 | $ | 2,720 | $ | 3,972 | $ | 54 | $ | 82 |
Portfolio turnover rate K | 44 % J,L | 49% L | 43% L | 41% L | 34% L | 70% 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 | $ 104,190 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.9 - 12.5 / 5.6 | Increase |
Enterprise value/Net income multiple (EV/NI) | 16.0 | Increase | |||
Market approach | Transaction price | $27.56 | Increase | ||
Recovery value | Recovery value | $0.00 | Increase | ||
Black scholes | Discount rate | 3.1% - 4.8% / 4.4% | Increase | ||
Term | 2.0 - 3.0 / 2.8 | Increase | |||
Volatility | 60.0% - 75.0% / 63.6% | Increase |
Fidelity International Discovery Fund | $422 |
Gross unrealized appreciation | $2,598,202 |
Gross unrealized depreciation | (161,708) |
Net unrealized appreciation (depreciation) | $2,436,494 |
Tax cost | $6,491,757 |
Short-term | $(533,865) |
Total capital loss carryforward | $(533,865) |
Purchases ($) | Sales ($) | |
Fidelity International Discovery Fund | 2,027,369 | 1,772,200 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity International Discovery Fund | 873 | 9,303 | 36,397 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity International Discovery Fund | 2,746 | 29,458 | 115,652 |
Maximum Management Fee Rate % | |
Class A | .84 |
Class M | .84 |
Class C | .84 |
International Discovery | .78 |
Class K | .68 |
Class I | .80 |
Class Z | .68 |
Total Management Fee Rate % | |
Class A | .81 |
Class M | .81 |
Class C | .81 |
International Discovery | .77 |
Class K | .68 |
Class I | .80 |
Class Z | .68 |
Performance Adjustment Index | |
Fidelity International Discovery Fund | MSCI EAFE Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 172 | 1 |
Class M | .25% | .25% | 43 | -A |
Class C | .75% | .25% | 24 | 2 |
239 | 3 |
Retained by FDC ($) | |
Class A | 4 |
Class M | -B |
Class CA | -B |
4 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
International Discovery | .1447 |
Class I | .1603 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 93 | .21 |
Class M | 12 | .21 |
Class C | 3 | .21 |
International Discovery | 1,775 | .14 |
Class K | 69 | .04 |
Class I | 292 | .16 |
Class Z | 448 | .04 |
2,692 |
% of Average Net Assets | |
Fidelity International Discovery Fund | .0200 |
% of Average Net Assets | |
Fidelity International Discovery Fund | .02 |
Amount ($) | |
Fidelity International Discovery Fund | 1 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity International Discovery Fund | Borrower | 4,624 | 5.57% | 1 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Discovery Fund | 46,758 | 75,681 | (11,604) |
Amount ($) | |
Fidelity International Discovery Fund | 8 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Discovery Fund | 34 | - | - |
Expense reduction | |
Class M | -A |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Discovery Fund | ||
Distributions to shareholders | ||
Class A | $2,140 | $ - |
Class M | 233 | - |
Class C | 37 | - |
International Discovery | 70,858 | 12,630 |
Class K | 9,876 | 2,923 |
Class I | 10,534 | 1,852 |
Class Z | 64,106 | 13,303 |
Total | $157,784 | $30,708 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Discovery Fund | ||||
Class A | ||||
Shares sold | 67 | 180 | $3,077 | $7,469 |
Reinvestment of distributions | 50 | - | 2,114 | - |
Shares redeemed | (242) | (617) | (10,877) | (25,738) |
Net increase (decrease) | (125) | (437) | $(5,686) | $(18,269) |
Class M | ||||
Shares sold | 5 | 16 | $270 | $693 |
Reinvestment of distributions | 6 | - | 231 | - |
Shares redeemed | (29) | (64) | (1,282) | (2,637) |
Net increase (decrease) | (18) | (48) | $(781) | $(1,944) |
Class C | ||||
Shares sold | 7 | 14 | $291 | $581 |
Reinvestment of distributions | 1 | - | 37 | - |
Shares redeemed | (22) | (50) | (966) | (2,029) |
Net increase (decrease) | (14) | (36) | $(638) | $(1,448) |
International Discovery | ||||
Shares sold | 2,399 | 4,512 | $110,953 | $188,209 |
Reinvestment of distributions | 1,539 | 286 | 65,254 | 11,602 |
Shares redeemed | (7,469) | (11,328) | (339,451) | (472,160) |
Net increase (decrease) | (3,531) | (6,530) | $(163,244) | $(272,349) |
Class K | ||||
Shares sold | 1,418 | 1,401 | $65,375 | $58,356 |
Reinvestment of distributions | 234 | 72 | 9,876 | 2,923 |
Shares redeemed | (2,100) | (5,700) | (91,815) | (236,604) |
Net increase (decrease) | (448) | (4,227) | $(16,564) | $(175,325) |
Class I | ||||
Shares sold | 1,678 | 2,991 | $75,348 | $122,437 |
Reinvestment of distributions | 48 | 9 | 2,029 | 373 |
Shares redeemed | (1,576) | (4,177) | (70,697) | (170,989) |
Net increase (decrease) | 150 | (1,177) | $6,680 | $(48,179) |
Class Z | ||||
Shares sold | 10,302 | 576 | $458,206 | $24,069 |
Reinvestment of distributions | 1,513 | 329 | 63,826 | 13,272 |
Shares redeemed | (215) | (6,831) | (9,766) | (276,681) |
Net increase (decrease) | 11,600 | (5,926) | $512,266 | $(239,340) |
Strategic Advisers Fidelity International Fund | |
Fidelity International Discovery Fund | 31% |
Fund | % of shares held |
Fidelity International Discovery Fund | 44% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Discovery Fund | ||||||||||
Class A | .88% | |||||||||
Actual | $ 1,000 | $ 1,222.60 | $ 4.86 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.49 | $ 4.42 | |||||||
Class M | 1.13% | |||||||||
Actual | $ 1,000 | $ 1,221.00 | $ 6.24 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.24 | $ 5.67 | |||||||
Class C | 1.63% | |||||||||
Actual | $ 1,000 | $ 1,218.20 | $ 8.99 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.76 | $ 8.17 | |||||||
Fidelity® International Discovery Fund | .58% | |||||||||
Actual | $ 1,000 | $ 1,224.20 | $ 3.21 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.98 | $ 2.92 | |||||||
Class K | .49% | |||||||||
Actual | $ 1,000 | $ 1,224.90 | $ 2.71 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.43 | $ 2.46 | |||||||
Class I | .60% | |||||||||
Actual | $ 1,000 | $ 1,224.40 | $ 3.32 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.88 | $ 3.02 | |||||||
Class Z | .50% | |||||||||
Actual | $ 1,000 | $ 1,225.10 | $ 2.77 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.38 | $ 2.51 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Shell PLC ADR (United States of America, Oil, Gas & Consumable Fuels) | 4.7 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.3 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.8 | |
BHP Group Ltd. (Australia, Metals & Mining) | 2.5 | |
Toyota Motor Corp. (Japan, Automobiles) | 2.4 | |
Banco Santander SA (Spain) (Spain, Banks) | 2.4 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 2.3 | |
Siemens AG (Germany, Industrial Conglomerates) | 2.3 | |
AXA SA (France, Insurance) | 2.3 | |
Mitsubishi UFJ Financial Group, Inc. (Japan, Banks) | 2.1 | |
27.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 31.8 | |
Industrials | 17.9 | |
Materials | 12.2 | |
Energy | 11.6 | |
Consumer Discretionary | 8.4 | |
Information Technology | 5.8 | |
Health Care | 5.0 | |
Communication Services | 2.4 | |
Utilities | 0.9 | |
Real Estate | 0.6 | |
Consumer Staples | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.5% | |||
Shares | Value ($) | ||
Australia - 6.7% | |||
BHP Group Ltd. | 974,666 | 26,731,303 | |
Commonwealth Bank of Australia | 67,505 | 4,946,060 | |
Glencore PLC | 3,765,000 | 21,906,895 | |
Macquarie Group Ltd. | 100,807 | 12,070,481 | |
Woodside Energy Group Ltd. | 393,062 | 7,042,495 | |
TOTAL AUSTRALIA | 72,697,234 | ||
Belgium - 1.6% | |||
KBC Group NV | 130,716 | 9,751,058 | |
UCB SA | 56,900 | 7,563,134 | |
TOTAL BELGIUM | 17,314,192 | ||
Finland - 0.8% | |||
Mandatum Holding OY | 195,434 | 907,684 | |
Sampo Oyj (A Shares) | 208,834 | 8,451,141 | |
TOTAL FINLAND | 9,358,825 | ||
France - 12.0% | |||
Air Liquide SA | 65,570 | 12,824,090 | |
Airbus Group NV | 36,600 | 6,022,814 | |
ALTEN | 36,400 | 4,300,261 | |
AXA SA | 708,405 | 24,524,959 | |
BNP Paribas SA | 246,300 | 17,724,205 | |
Capgemini SA | 44,393 | 9,330,568 | |
TotalEnergies SE | 494,105 | 35,871,391 | |
VINCI SA | 94,700 | 11,096,573 | |
Vivendi SA | 820,892 | 8,380,351 | |
TOTAL FRANCE | 130,075,212 | ||
Germany - 11.0% | |||
Bayer AG | 79,300 | 2,314,602 | |
Bayerische Motoren Werke AG (BMW) | 81,000 | 8,856,106 | |
Covestro AG (a)(b) | 53,400 | 2,677,319 | |
DHL Group | 224,300 | 9,391,426 | |
Fresenius SE & Co. KGaA | 189,300 | 5,650,526 | |
Hannover Reuck SE | 47,100 | 11,681,614 | |
Infineon Technologies AG | 109,600 | 3,803,451 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 27,700 | 12,185,226 | |
Rheinmetall AG | 40,050 | 22,105,831 | |
RWE AG | 265,200 | 9,238,380 | |
Siemens AG | 133,639 | 25,035,071 | |
Vonovia SE | 235,229 | 6,797,183 | |
TOTAL GERMANY | 119,736,735 | ||
Hong Kong - 0.7% | |||
Prudential PLC | 947,266 | 8,238,704 | |
India - 0.8% | |||
Reliance Industries Ltd. GDR (b) | 118,300 | 8,363,810 | |
Indonesia - 0.4% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 15,789,994 | 4,779,688 | |
Ireland - 0.7% | |||
Bank of Ireland Group PLC | 682,500 | 7,316,416 | |
Italy - 5.1% | |||
Eni SpA | 1,035,400 | 16,630,275 | |
Mediobanca SpA | 825,325 | 11,758,504 | |
Prysmian SpA | 125,200 | 6,838,336 | |
Ryanair Holdings PLC sponsored ADR | 73,000 | 9,942,600 | |
UniCredit SpA | 272,000 | 9,983,587 | |
TOTAL ITALY | 55,153,302 | ||
Japan - 24.5% | |||
Daiichi Sankyo Kabushiki Kaisha | 54,400 | 1,830,980 | |
DENSO Corp. | 768,600 | 13,099,344 | |
Eisai Co. Ltd. | 72,500 | 2,977,507 | |
Fast Retailing Co. Ltd. | 11,600 | 3,033,041 | |
FUJIFILM Holdings Corp. | 457,900 | 9,740,672 | |
Fujitsu Ltd. | 568,900 | 8,788,454 | |
Hitachi Ltd. | 329,400 | 30,390,673 | |
Hoya Corp. | 26,500 | 3,072,405 | |
Ibiden Co. Ltd. | 94,700 | 3,599,880 | |
INPEX Corp. | 421,300 | 6,310,991 | |
Itochu Corp. | 456,200 | 20,581,359 | |
LY Corp. | 816,100 | 1,960,790 | |
Minebea Mitsumi, Inc. | 199,270 | 3,732,398 | |
Mitsubishi Heavy Industries Ltd. | 1,295,600 | 11,584,111 | |
Mitsubishi UFJ Financial Group, Inc. | 2,275,961 | 22,671,659 | |
NOF Corp. | 217,300 | 2,915,282 | |
ORIX Corp. | 578,700 | 11,843,336 | |
Renesas Electronics Corp. | 645,888 | 10,486,477 | |
Shin-Etsu Chemical Co. Ltd. | 429,300 | 16,617,748 | |
SoftBank Group Corp. | 127,600 | 6,275,444 | |
Sony Group Corp. | 45,800 | 3,785,433 | |
Sumitomo Mitsui Financial Group, Inc. | 329,300 | 18,705,496 | |
Suzuki Motor Corp. | 696,220 | 8,108,029 | |
TIS, Inc. | 136,801 | 2,921,601 | |
Tokio Marine Holdings, Inc. | 465,744 | 14,720,489 | |
Toyota Motor Corp. | 1,144,925 | 26,114,131 | |
TOTAL JAPAN | 265,867,730 | ||
Korea (South) - 0.8% | |||
Samsung Electronics Co. Ltd. | 165,800 | 9,190,464 | |
Luxembourg - 0.4% | |||
ArcelorMittal SA (Netherlands) | 186,032 | 4,683,402 | |
Netherlands - 0.4% | |||
Universal Music Group NV | 134,638 | 3,980,093 | |
Singapore - 1.0% | |||
United Overseas Bank Ltd. | 503,005 | 11,162,085 | |
South Africa - 1.1% | |||
Anglo American PLC (United Kingdom) | 354,840 | 11,595,277 | |
Thungela Resources Ltd. | 43,581 | 300,056 | |
TOTAL SOUTH AFRICA | 11,895,333 | ||
Spain - 3.0% | |||
Banco Santander SA (Spain) | 5,283,482 | 25,785,007 | |
Cellnex Telecom SA (b) | 123,100 | 4,069,033 | |
Unicaja Banco SA (b) | 1,861,200 | 2,437,157 | |
TOTAL SPAIN | 32,291,197 | ||
Sweden - 1.6% | |||
Investor AB (B Shares) | 699,840 | 17,295,327 | |
Switzerland - 3.4% | |||
Swiss Life Holding AG | 11,673 | 7,885,704 | |
UBS Group AG | 536,458 | 14,403,897 | |
Zurich Insurance Group Ltd. | 30,081 | 14,535,741 | |
TOTAL SWITZERLAND | 36,825,342 | ||
United Kingdom - 10.5% | |||
AstraZeneca PLC (United Kingdom) | 86,812 | 13,130,224 | |
B&M European Value Retail SA | 493,500 | 3,200,429 | |
BAE Systems PLC | 1,517,874 | 25,245,609 | |
Barratt Developments PLC | 1,844,732 | 10,481,221 | |
Beazley PLC | 643,600 | 5,331,915 | |
Flutter Entertainment PLC (a) | 23,300 | 4,345,341 | |
HSBC Holdings PLC (United Kingdom) | 894,800 | 7,756,085 | |
Imperial Brands PLC | 285,239 | 6,517,756 | |
JD Sports Fashion PLC | 2,192,400 | 3,166,878 | |
Lloyds Banking Group PLC | 17,825,354 | 11,504,189 | |
London Stock Exchange Group PLC | 51,300 | 5,655,318 | |
Rolls-Royce Holdings PLC (a) | 1,230,400 | 6,309,523 | |
Standard Chartered PLC (United Kingdom) | 1,308,849 | 11,245,029 | |
TOTAL UNITED KINGDOM | 113,889,517 | ||
United States of America - 10.0% | |||
CRH PLC | 243,402 | 18,966,356 | |
Ferguson PLC | 37,916 | 8,035,298 | |
GSK PLC | 857,511 | 17,790,712 | |
Linde PLC | 29,314 | 12,926,301 | |
Shell PLC ADR | 705,600 | 50,563,296 | |
TOTAL UNITED STATES OF AMERICA | 108,281,963 | ||
TOTAL COMMON STOCKS (Cost $858,340,206) | 1,048,396,571 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
Shares | Value ($) | ||
Germany - 0.7% | |||
Porsche Automobil Holding SE (Germany) (Cost $9,038,824) | 139,200 | 7,092,449 | |
Money Market Funds - 2.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) (Cost $26,606,300) | 26,600,980 | 26,606,300 | |
TOTAL INVESTMENT IN SECURITIES - 99.6% (Cost $893,985,330) | 1,082,095,320 |
NET OTHER ASSETS (LIABILITIES) - 0.4% | 3,899,733 |
NET ASSETS - 100.0% | 1,085,995,053 |
(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 $17,547,319 or 1.6% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 17,765,904 | 186,779,020 | 177,938,280 | 838,007 | (344) | - | 26,606,300 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 2,951 | 2,951 | - | - | - | - | 0.0% |
Total | 17,765,904 | 186,781,971 | 177,941,231 | 838,007 | (344) | - | 26,606,300 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 24,665,711 | 12,360,444 | 12,305,267 | - |
Consumer Discretionary | 91,282,402 | 30,049,975 | 61,232,427 | - |
Consumer Staples | 6,517,756 | - | 6,517,756 | - |
Energy | 125,082,314 | 59,227,162 | 65,855,152 | - |
Financials | 347,257,761 | 174,251,350 | 173,006,411 | - |
Health Care | 54,330,090 | 15,528,262 | 38,801,828 | - |
Industrials | 196,311,622 | 46,922,065 | 149,389,557 | - |
Information Technology | 62,161,828 | 4,300,261 | 57,861,567 | - |
Materials | 131,843,973 | 39,253,378 | 92,590,595 | - |
Real Estate | 6,797,183 | - | 6,797,183 | - |
Utilities | 9,238,380 | - | 9,238,380 | - |
Money Market Funds | 26,606,300 | 26,606,300 | - | - |
Total Investments in Securities: | 1,082,095,320 | 408,499,197 | 673,596,123 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $867,379,030) | $ | 1,055,489,020 | ||
Fidelity Central Funds (cost $26,606,300) | 26,606,300 | |||
Total Investment in Securities (cost $893,985,330) | $ | 1,082,095,320 | ||
Foreign currency held at value (cost $434,757) | 434,757 | |||
Receivable for investments sold | 1,524,573 | |||
Receivable for fund shares sold | 3,167,905 | |||
Dividends receivable | 6,244,913 | |||
Reclaims receivable | 2,272,438 | |||
Distributions receivable from Fidelity Central Funds | 170,039 | |||
Prepaid expenses | 266 | |||
Total assets | 1,095,910,211 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,927,248 | ||
Payable for fund shares redeemed | 1,166,715 | |||
Accrued management fee | 757,183 | |||
Distribution and service plan fees payable | 8,320 | |||
Other payables and accrued expenses | 55,692 | |||
Total liabilities | 9,915,158 | |||
Net Assets | $ | 1,085,995,053 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 989,315,307 | ||
Total accumulated earnings (loss) | 96,679,746 | |||
Net Assets | $ | 1,085,995,053 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($20,282,779 ÷ 1,971,357 shares)(a) | $ | 10.29 | ||
Maximum offering price per share (100/94.25 of $10.29) | $ | 10.92 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($4,742,106 ÷ 460,654 shares)(a) | $ | 10.29 | ||
Maximum offering price per share (100/96.50 of $10.29) | $ | 10.66 | ||
Class C : | ||||
Net Asset Value and offering price per share ($2,484,433 ÷ 240,247 shares)(a) | $ | 10.34 | ||
International Value : | ||||
Net Asset Value, offering price and redemption price per share ($646,632,797 ÷ 62,816,967 shares) | $ | 10.29 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($152,826,891 ÷ 14,825,897 shares) | $ | 10.31 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($259,026,047 ÷ 25,135,556 shares) | $ | 10.31 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 16,269,633 | ||
Income from Fidelity Central Funds | 838,007 | |||
Income before foreign taxes withheld | $ | 17,107,640 | ||
Less foreign taxes withheld | (730,312) | |||
Total income | 16,377,328 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 3,280,482 | ||
Performance adjustment | 182,074 | |||
Transfer agent fees | 431,250 | |||
Distribution and service plan fees | 48,643 | |||
Accounting fees and expenses | 130,449 | |||
Custodian fees and expenses | 33,472 | |||
Independent trustees' fees and expenses | 2,088 | |||
Registration fees | 101,944 | |||
Audit | 33,829 | |||
Legal | 430 | |||
Miscellaneous | 1,595 | |||
Total expenses before reductions | 4,246,256 | |||
Expense reductions | (39,026) | |||
Total expenses after reductions | 4,207,230 | |||
Net Investment income (loss) | 12,170,098 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (4,949,296) | |||
Fidelity Central Funds | (344) | |||
Foreign currency transactions | 7,762 | |||
Total net realized gain (loss) | (4,941,878) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 134,467,936 | |||
Assets and liabilities in foreign currencies | (66,276) | |||
Total change in net unrealized appreciation (depreciation) | 134,401,660 | |||
Net gain (loss) | 129,459,782 | |||
Net increase (decrease) in net assets resulting from operations | $ | 141,629,880 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 12,170,098 | $ | 18,147,329 |
Net realized gain (loss) | (4,941,878) | (17,312,969) | ||
Change in net unrealized appreciation (depreciation) | 134,401,660 | 104,612,501 | ||
Net increase (decrease) in net assets resulting from operations | 141,629,880 | 105,446,861 | ||
Distributions to shareholders | (16,926,327) | (11,902,522) | ||
Share transactions - net increase (decrease) | 244,107,754 | 45,467,490 | ||
Total increase (decrease) in net assets | 368,811,307 | 139,011,829 | ||
Net Assets | ||||
Beginning of period | 717,183,746 | 578,171,917 | ||
End of period | $ | 1,085,995,053 | $ | 717,183,746 |
Fidelity Advisor® International Value Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.85 | $ | 7.64 | $ | 9.65 | $ | 6.87 | $ | 8.25 | $ | 8.13 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .20 | .24 | .25 C | .13 | .25 | ||||||
Net realized and unrealized gain (loss) | 1.50 | 1.15 | (1.87) | 2.66 | (1.24) | .08 | ||||||
Total from investment operations | 1.62 | 1.35 | (1.63) | 2.91 | (1.11) | .33 | ||||||
Distributions from net investment income | (.18) | (.14) | (.38) | (.13) | (.24) | (.21) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.18) | (.14) | (.38) | (.13) | (.27) | (.21) | ||||||
Net asset value, end of period | $ | 10.29 | $ | 8.85 | $ | 7.64 | $ | 9.65 | $ | 6.87 | $ | 8.25 |
Total Return D,E,F | 18.46 % | 17.72% | (17.43)% | 42.56% | (14.01)% | 4.38% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.21% I | 1.33% | 1.46% | 1.37% | 1.30% | 1.14% | ||||||
Expenses net of fee waivers, if any | 1.20 % I | 1.29% | 1.30% | 1.33% | 1.30% | 1.13% | ||||||
Expenses net of all reductions | 1.20% I | 1.29% | 1.30% | 1.33% | 1.28% | 1.12% | ||||||
Net investment income (loss) | 2.40% I | 2.21% | 2.85% | 2.77% C | 1.71% | 3.19% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 20,283 | $ | 17,133 | $ | 12,080 | $ | 10,566 | $ | 5,947 | $ | 7,806 |
Portfolio turnover rate J | 18 % I | 29% | 25% | 29% K | 36% | 47% |
Fidelity Advisor® International Value Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.84 | $ | 7.63 | $ | 9.63 | $ | 6.86 | $ | 8.24 | $ | 8.11 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .11 | .18 | .22 | .23 C | .11 | .23 | ||||||
Net realized and unrealized gain (loss) | 1.49 | 1.15 | (1.87) | 2.65 | (1.25) | .08 | ||||||
Total from investment operations | 1.60 | 1.33 | (1.65) | 2.88 | (1.14) | .31 | ||||||
Distributions from net investment income | (.15) | (.12) | (.35) | (.11) | (.21) | (.18) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.15) | (.12) | (.35) | (.11) | (.24) | (.18) | ||||||
Net asset value, end of period | $ | 10.29 | $ | 8.84 | $ | 7.63 | $ | 9.63 | $ | 6.86 | $ | 8.24 |
Total Return D,E,F | 18.27 % | 17.45% | (17.65)% | 42.20% | (14.29)% | 4.11% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.46% I | 1.59% | 1.72% | 1.62% | 1.57% | 1.44% | ||||||
Expenses net of fee waivers, if any | 1.45 % I | 1.54% | 1.55% | 1.58% | 1.57% | 1.43% | ||||||
Expenses net of all reductions | 1.45% I | 1.54% | 1.55% | 1.58% | 1.55% | 1.42% | ||||||
Net investment income (loss) | 2.15% I | 1.97% | 2.60% | 2.51% C | 1.44% | 2.89% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,742 | $ | 4,196 | $ | 3,498 | $ | 4,375 | $ | 2,884 | $ | 3,756 |
Portfolio turnover rate J | 18 % I | 29% | 25% | 29% K | 36% | 47% |
Fidelity Advisor® International Value Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.85 | $ | 7.64 | $ | 9.60 | $ | 6.85 | $ | 8.22 | $ | 8.08 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .13 | .18 | .18 C | .07 | .19 | ||||||
Net realized and unrealized gain (loss) | 1.51 | 1.15 | (1.87) | 2.65 | (1.24) | .08 | ||||||
Total from investment operations | 1.59 | 1.28 | (1.69) | 2.83 | (1.17) | .27 | ||||||
Distributions from net investment income | (.10) | (.07) | (.27) | (.08) | (.17) | (.13) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.10) | (.07) | (.27) | (.08) | (.20) | (.13) | ||||||
Net asset value, end of period | $ | 10.34 | $ | 8.85 | $ | 7.64 | $ | 9.60 | $ | 6.85 | $ | 8.22 |
Total Return D,E,F | 18.10 % | 16.74% | (18.01)% | 41.45% | (14.67)% | 3.53% | ||||||
Ratios to Average Net Assets A,G,H | ||||||||||||
Expenses before reductions | 1.95% I | 2.09% | 2.23% | 2.12% | 2.07% | 1.93% | ||||||
Expenses net of fee waivers, if any | 1.94 % I | 2.05% | 2.05% | 2.09% | 2.07% | 1.92% | ||||||
Expenses net of all reductions | 1.94% I | 2.05% | 2.05% | 2.09% | 2.05% | 1.91% | ||||||
Net investment income (loss) | 1.66% I | 1.46% | 2.09% | 2.00% C | .94% | 2.40% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,484 | $ | 2,366 | $ | 2,190 | $ | 3,177 | $ | 2,947 | $ | 3,839 |
Portfolio turnover rate J | 18 % I | 29% | 25% | 29% K | 36% | 47% |
Fidelity® International Value Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.86 | $ | 7.65 | $ | 9.66 | $ | 6.87 | $ | 8.25 | $ | 8.14 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .22 | .26 | .28 C | .15 | .28 | ||||||
Net realized and unrealized gain (loss) | 1.50 | 1.15 | (1.86) | 2.66 | (1.23) | .07 | ||||||
Total from investment operations | 1.63 | 1.37 | (1.60) | 2.94 | (1.08) | .35 | ||||||
Distributions from net investment income | (.20) | (.16) | (.41) | (.15) | (.27) | (.24) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.20) | (.16) | (.41) | (.15) | (.30) | (.24) | ||||||
Net asset value, end of period | $ | 10.29 | $ | 8.86 | $ | 7.65 | $ | 9.66 | $ | 6.87 | $ | 8.25 |
Total Return D,E | 18.62 % | 17.96% | (17.20)% | 43.08% | (13.70)% | 4.65% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .95% H | 1.01% | 1.13% | 1.01% | .94% | .79% | ||||||
Expenses net of fee waivers, if any | .94 % H | 1.01% | 1.05% | 1.01% | .94% | .78% | ||||||
Expenses net of all reductions | .94% H | 1.01% | 1.05% | 1.01% | .92% | .78% | ||||||
Net investment income (loss) | 2.66% H | 2.50% | 3.10% | 3.09% C | 2.07% | 3.54% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 646,633 | $ | 443,836 | $ | 367,478 | $ | 372,441 | $ | 406,661 | $ | 442,816 |
Portfolio turnover rate I | 18 % H | 29% | 25% | 29% J | 36% | 47% |
Fidelity Advisor® International Value Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.87 | $ | 7.66 | $ | 9.67 | $ | 6.88 | $ | 8.26 | $ | 8.15 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .22 | .25 | .28 C | .15 | .27 | ||||||
Net realized and unrealized gain (loss) | 1.51 | 1.15 | (1.86) | 2.66 | (1.24) | .08 | ||||||
Total from investment operations | 1.64 | 1.37 | (1.61) | 2.94 | (1.09) | .35 | ||||||
Distributions from net investment income | (.20) | (.16) | (.40) | (.15) | (.26) | (.24) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.20) | (.16) | (.40) | (.15) | (.29) | (.24) | ||||||
Net asset value, end of period | $ | 10.31 | $ | 8.87 | $ | 7.66 | $ | 9.67 | $ | 6.88 | $ | 8.26 |
Total Return D,E | 18.72 % | 17.97% | (17.23)% | 43.05% | (13.75)% | 4.57% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .97% H | 1.02% | 1.09% | 1.07% | .98% | .86% | ||||||
Expenses net of fee waivers, if any | .96 % H | 1.01% | 1.04% | 1.05% | .98% | .85% | ||||||
Expenses net of all reductions | .96% H | 1.01% | 1.04% | 1.05% | .97% | .85% | ||||||
Net investment income (loss) | 2.64% H | 2.50% | 3.10% | 3.05% C | 2.03% | 3.47% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 152,827 | $ | 91,052 | $ | 74,751 | $ | 6,661 | $ | 10,406 | $ | 8,495 |
Portfolio turnover rate I | 18 % H | 29% | 25% | 29% J | 36% | 47% |
Fidelity Advisor® International Value Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 8.88 | $ | 7.66 | $ | 9.67 | $ | 6.87 | $ | 8.25 | $ | 8.14 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .24 | .26 | .30 C | .16 | .29 | ||||||
Net realized and unrealized gain (loss) | 1.51 | 1.15 | (1.86) | 2.65 | (1.23) | .08 | ||||||
Total from investment operations | 1.65 | 1.39 | (1.60) | 2.95 | (1.07) | .37 | ||||||
Distributions from net investment income | (.22) | (.17) | (.41) | (.15) | (.28) | (.26) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.22) | (.17) | (.41) | (.15) | (.31) | (.26) | ||||||
Net asset value, end of period | $ | 10.31 | $ | 8.88 | $ | 7.66 | $ | 9.67 | $ | 6.87 | $ | 8.25 |
Total Return D,E | 18.76 % | 18.20% | (17.13)% | 43.35% | (13.58)% | 4.84% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .83% H | .87% | .94% | .89% | .82% | .67% | ||||||
Expenses net of fee waivers, if any | .82 % H | .86% | .89% | .89% | .82% | .67% | ||||||
Expenses net of all reductions | .82% H | .86% | .89% | .89% | .81% | .66% | ||||||
Net investment income (loss) | 2.78% H | 2.65% | 3.25% | 3.21% C | 2.19% | 3.66% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 259,026 | $ | 158,601 | $ | 118,176 | $ | 11,946 | $ | 2,549 | $ | 2,249 |
Portfolio turnover rate I | 18 % H | 29% | 25% | 29% J | 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 | $214,383,775 |
Gross unrealized depreciation | (32,361,237) |
Net unrealized appreciation (depreciation) | $182,022,538 |
Tax cost | $900,072,782 |
Short-term | $(32,623,835) |
Long-term | (57,020,382) |
Total capital loss carryforward | $(89,644,217) |
Purchases ($) | Sales ($) | |
Fidelity International Value Fund | 308,173,609 | 79,160,767 |
Maximum Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .88 |
International Value | .87 |
Class I | .87 |
Class Z | .72 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
International Value | .83 |
Class I | .86 |
Class Z | .72 |
Performance Adjustment Index | |
Fidelity International Value Fund | MSCI EAFE Value Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 24,280 | 2,545 |
Class M | .25% | .25% | 11,749 | 28 |
Class C | .75% | .25% | 12,614 | 1,657 |
48,643 | 4,230 |
Retained by FDC ($) | |
Class A | 3,483 |
Class M | 237 |
Class CA | 81 |
3,801 |
% of Class-Level Average Net Assets | |
Class A | .2000 |
Class M | .2000 |
Class C | .2000 |
International Value | .1862 |
Class I | .1887 |
Amount ($) | % of Class-Level Average Net Assets | |
Class A | 13,318 | .21 |
Class M | 3,233 | .21 |
Class C | 1,788 | .21 |
International Value | 320,255 | .19 |
Class I | 64,834 | .19 |
Class Z | 27,822 | .04 |
431,250 |
% of Average Net Assets | |
Fidelity International Value Fund | .0464 |
% of Average Net Assets | |
Fidelity International Value Fund | .05 |
Amount ($) | |
Fidelity International Value Fund | 73 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Value Fund | 19,013,448 | 2,168,375 | 44,818 |
Amount ($) | |
Fidelity International Value Fund | 794 |
Expense reduction ($) | |
Class M | 9 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Value Fund | ||
Distributions to shareholders | ||
Class A | $348,977 | $221,998 |
Class M | 72,953 | 54,560 |
Class C | 27,673 | 19,445 |
International Value | 10,313,599 | 7,434,045 |
Class I | 2,133,490 | 1,572,298 |
Class Z | 4,029,635 | 2,600,176 |
Total | $16,926,327 | $11,902,522 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Value Fund | ||||
Class A | ||||
Shares sold | 236,935 | 623,112 | $2,340,307 | $5,518,527 |
Reinvestment of distributions | 36,641 | 26,113 | 346,659 | 219,873 |
Shares redeemed | (239,121) | (293,310) | (2,366,510) | (2,616,908) |
Net increase (decrease) | 34,455 | 355,915 | $320,456 | $3,121,492 |
Class M | ||||
Shares sold | 17,949 | 71,877 | $177,124 | $625,739 |
Reinvestment of distributions | 7,505 | 6,304 | 71,094 | 53,141 |
Shares redeemed | (39,620) | (61,576) | (395,105) | (547,185) |
Net increase (decrease) | (14,166) | 16,605 | $(146,887) | $131,695 |
Class C | ||||
Shares sold | 15,398 | 71,043 | $151,594 | $632,329 |
Reinvestment of distributions | 2,901 | 2,290 | 27,673 | 19,445 |
Shares redeemed | (45,261) | (92,669) | (446,429) | (826,342) |
Net increase (decrease) | (26,962) | (19,336) | $(267,162) | $(174,568) |
International Value | ||||
Shares sold | 17,284,528 | 14,718,149 | $171,132,642 | $131,108,890 |
Reinvestment of distributions | 930,687 | 764,993 | 8,794,774 | 6,441,242 |
Shares redeemed | (5,492,355) | (13,435,468) | (54,083,721) | (119,112,195) |
Net increase (decrease) | 12,722,860 | 2,047,674 | $125,843,695 | $18,437,937 |
Class I | ||||
Shares sold | 5,853,386 | 6,837,587 | $59,860,724 | $61,109,496 |
Reinvestment of distributions | 221,911 | 184,152 | 2,101,443 | 1,552,405 |
Shares redeemed | (1,511,653) | (6,517,142) | (14,884,818) | (59,256,457) |
Net increase (decrease) | 4,563,644 | 504,597 | $47,077,349 | $3,405,444 |
Class Z | ||||
Shares sold | 10,029,672 | 10,634,134 | $99,065,488 | $95,268,462 |
Reinvestment of distributions | 352,743 | 273,689 | 3,336,691 | 2,304,458 |
Shares redeemed | (3,114,119) | (8,469,262) | (31,121,876) | (77,027,430) |
Net increase (decrease) | 7,268,296 | 2,438,561 | $71,280,303 | $20,545,490 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Value Fund | ||||||||||
Class A | 1.20% | |||||||||
Actual | $ 1,000 | $ 1,184.60 | $ 6.52 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.90 | $ 6.02 | |||||||
Class M | 1.45% | |||||||||
Actual | $ 1,000 | $ 1,182.70 | $ 7.87 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.65 | $ 7.27 | |||||||
Class C | 1.94% | |||||||||
Actual | $ 1,000 | $ 1,181.00 | $ 10.52 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.22 | $ 9.72 | |||||||
Fidelity® International Value Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,186.20 | $ 5.11 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.19 | $ 4.72 | |||||||
Class I | .96% | |||||||||
Actual | $ 1,000 | $ 1,187.20 | $ 5.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.09 | $ 4.82 | |||||||
Class Z | .82% | |||||||||
Actual | $ 1,000 | $ 1,187.60 | $ 4.46 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.79 | $ 4.12 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.6 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.3 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.3 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.1 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 1.9 | |
SAP SE (Germany, Software) | 1.6 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.6 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 1.6 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.5 | |
21.6 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.6 | |
Financials | 21.2 | |
Information Technology | 17.1 | |
Health Care | 10.5 | |
Consumer Discretionary | 8.6 | |
Materials | 7.6 | |
Energy | 5.5 | |
Consumer Staples | 3.8 | |
Communication Services | 0.5 | |
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 - 96.1% | |||
Shares | Value ($) | ||
Australia - 0.6% | |||
Aristocrat Leisure Ltd. | 1,485,663 | 37,914,098 | |
CAR Group Ltd. | 548,347 | 11,890,092 | |
Steadfast Group Ltd. | 3,676,102 | 13,378,885 | |
TOTAL AUSTRALIA | 63,183,075 | ||
Belgium - 0.4% | |||
UCB SA | 311,900 | 41,457,673 | |
Canada - 6.9% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,882,086 | 104,313,487 | |
Cameco Corp. | 1,082,500 | 49,389,333 | |
Canadian Natural Resources Ltd. | 1,565,312 | 118,616,459 | |
Canadian Pacific Kansas City Ltd. | 585,385 | 45,911,746 | |
Constellation Software, Inc. | 39,795 | 102,454,961 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 50,399 | 4 | |
Franco-Nevada Corp. | 554,595 | 66,761,692 | |
Imperial Oil Ltd. | 969,000 | 66,622,489 | |
Ivanhoe Mines Ltd. (a)(c) | 5,067,748 | 68,691,518 | |
Lumine Group, Inc. (a) | 150,331 | 4,117,954 | |
MEG Energy Corp. (a) | 1,419,221 | 32,278,219 | |
Thomson Reuters Corp. | 298,065 | 45,019,907 | |
TOTAL CANADA | 704,177,769 | ||
China - 1.0% | |||
Chervon Holdings Ltd. | 2,961,120 | 7,191,264 | |
Li Ning Co. Ltd. | 4,851,948 | 12,701,764 | |
NXP Semiconductors NV | 338,265 | 86,660,110 | |
TOTAL CHINA | 106,553,138 | ||
Denmark - 4.2% | |||
Carlsberg A/S Series B | 332,090 | 44,670,378 | |
DSV A/S | 140,422 | 20,047,943 | |
Novo Nordisk A/S Series B | 2,587,061 | 331,770,680 | |
Pandora A/S | 178,290 | 27,283,429 | |
TOTAL DENMARK | 423,772,430 | ||
France - 10.0% | |||
Air Liquide SA | 501,754 | 98,132,354 | |
Airbus Group NV | 428,913 | 70,580,964 | |
ALTEN | 67,000 | 7,915,316 | |
AXA SA | 2,250,289 | 77,904,934 | |
BNP Paribas SA | 1,003,977 | 72,248,046 | |
Capgemini SA | 522,344 | 109,786,822 | |
EssilorLuxottica SA | 508,631 | 108,996,450 | |
Legrand SA | 457,252 | 46,990,228 | |
LVMH Moet Hennessy Louis Vuitton SE | 264,302 | 217,107,266 | |
Pernod Ricard SA | 378,896 | 57,418,809 | |
Safran SA | 445,547 | 96,608,856 | |
Sartorius Stedim Biotech | 104,147 | 22,562,573 | |
Thales SA | 176,564 | 29,762,377 | |
TOTAL FRANCE | 1,016,014,995 | ||
Germany - 7.5% | |||
Allianz SE | 494,663 | 140,377,883 | |
Deutsche Borse AG | 296,558 | 57,174,007 | |
DHL Group | 1,094,820 | 45,840,039 | |
Hannover Reuck SE | 291,194 | 72,221,144 | |
Infineon Technologies AG | 1,554,274 | 53,938,009 | |
Merck KGaA | 487,305 | 77,461,730 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 183,707 | 80,812,680 | |
Rheinmetall AG | 5,569 | 3,073,842 | |
SAP SE | 925,501 | 167,114,984 | |
Siemens AG | 169,626 | 31,776,644 | |
Siemens Healthineers AG (d) | 543,867 | 30,161,475 | |
TOTAL GERMANY | 759,952,437 | ||
Greece - 0.2% | |||
Piraeus Financial Holdings SA (a) | 4,050,700 | 16,226,907 | |
Hong Kong - 0.8% | |||
AIA Group Ltd. | 11,073,659 | 81,107,443 | |
India - 2.2% | |||
Axis Bank Ltd. | 2,727,500 | 38,059,878 | |
Fairfax India Holdings Corp. (a)(d) | 1,327,199 | 19,669,089 | |
HDFC Bank Ltd. | 5,368,504 | 97,467,473 | |
Reliance Industries Ltd. | 1,948,046 | 68,365,269 | |
TOTAL INDIA | 223,561,709 | ||
Indonesia - 1.0% | |||
PT Bank Central Asia Tbk | 90,992,124 | 54,712,163 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 143,542,416 | 43,450,802 | |
TOTAL INDONESIA | 98,162,965 | ||
Ireland - 0.7% | |||
Kingspan Group PLC (Ireland) | 697,873 | 62,448,970 | |
Smurfit Kappa Group PLC | 241,992 | 10,523,845 | |
TOTAL IRELAND | 72,972,815 | ||
Italy - 2.1% | |||
FinecoBank SpA | 3,437,241 | 52,969,149 | |
Ryanair Holdings PLC sponsored ADR | 237,198 | 32,306,368 | |
UniCredit SpA | 3,392,837 | 124,531,921 | |
TOTAL ITALY | 209,807,438 | ||
Japan - 17.3% | |||
BayCurrent Consulting, Inc. | 772,838 | 16,451,531 | |
Capcom Co. Ltd. | 1,029,722 | 16,951,737 | |
Fast Retailing Co. Ltd. | 212,354 | 55,524,002 | |
Fuji Electric Co. Ltd. | 851,600 | 52,972,870 | |
FUJIFILM Holdings Corp. | 3,312,096 | 70,456,522 | |
Fujitsu Ltd. | 2,299,170 | 35,517,931 | |
Hitachi Ltd. | 2,538,709 | 234,223,059 | |
Hoya Corp. | 1,101,242 | 127,677,806 | |
Itochu Corp. | 2,462,072 | 111,075,818 | |
Keyence Corp. | 217,123 | 95,484,151 | |
Komatsu Ltd. | 180,000 | 5,374,107 | |
Marui Group Co. Ltd. | 838,812 | 12,811,908 | |
Minebea Mitsumi, Inc. | 1,601,336 | 29,993,592 | |
Mitsubishi Electric Corp. | 3,133,900 | 54,623,647 | |
Mitsubishi Heavy Industries Ltd. | 8,001,100 | 71,538,772 | |
ORIX Corp. | 3,361,175 | 68,787,846 | |
Persol Holdings Co. Ltd. | 8,682,051 | 12,009,964 | |
Renesas Electronics Corp. | 3,951,300 | 64,152,327 | |
Shin-Etsu Chemical Co. Ltd. | 4,153,381 | 160,772,975 | |
SMC Corp. | 92,277 | 48,479,260 | |
Sony Group Corp. | 979,124 | 80,925,940 | |
Sumitomo Mitsui Financial Group, Inc. | 944,622 | 53,658,132 | |
Suzuki Motor Corp. | 3,913,320 | 45,573,686 | |
Tokio Marine Holdings, Inc. | 3,716,430 | 117,462,957 | |
Tokyo Electron Ltd. | 501,762 | 110,059,446 | |
TOTAL JAPAN | 1,752,559,986 | ||
Korea (South) - 0.6% | |||
Samsung Electronics Co. Ltd. | 1,110,670 | 61,565,577 | |
Luxembourg - 0.1% | |||
CVC Capital Partners PLC | 327,200 | 5,936,193 | |
Netherlands - 6.1% | |||
ASML Holding NV (depository receipt) | 424,310 | 370,197,744 | |
BE Semiconductor Industries NV | 323,001 | 43,260,687 | |
IMCD NV | 395,672 | 60,066,650 | |
Wolters Kluwer NV | 986,100 | 148,120,504 | |
TOTAL NETHERLANDS | 621,645,585 | ||
Portugal - 0.2% | |||
Galp Energia SGPS SA Class B | 1,190,900 | 25,672,755 | |
Spain - 2.3% | |||
Banco Santander SA (Spain) | 19,611,430 | 95,709,772 | |
CaixaBank SA | 13,634,395 | 71,901,788 | |
Industria de Diseno Textil SA (c) | 1,268,902 | 58,026,280 | |
Puig Group SL Class B | 382,600 | 10,003,613 | |
TOTAL SPAIN | 235,641,453 | ||
Sweden - 2.9% | |||
Atlas Copco AB (A Shares) | 3,716,060 | 65,090,834 | |
Autoliv, Inc. | 235,787 | 28,244,925 | |
Indutrade AB | 4,010,218 | 93,956,507 | |
Investor AB (B Shares) | 4,504,030 | 111,309,260 | |
Kry International AB (a)(b)(e) | 2,651 | 80,716 | |
TOTAL SWEDEN | 298,682,242 | ||
Switzerland - 2.9% | |||
Alcon, Inc. (Switzerland) | 447,420 | 34,605,996 | |
Compagnie Financiere Richemont SA Series A | 524,016 | 72,433,175 | |
Galderma Group AG | 304,400 | 22,683,057 | |
Partners Group Holding AG | 26,582 | 34,396,833 | |
Sika AG | 261,362 | 74,861,697 | |
UBS Group AG | 2,152,678 | 56,834,914 | |
TOTAL SWITZERLAND | 295,815,672 | ||
Taiwan - 2.0% | |||
ECLAT Textile Co. Ltd. | 654,000 | 10,271,834 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 1,372,475 | 188,495,717 | |
TOTAL TAIWAN | 198,767,551 | ||
United Kingdom - 12.5% | |||
3i Group PLC | 1,913,153 | 68,352,081 | |
Ashtead Group PLC | 328,500 | 23,980,077 | |
AstraZeneca PLC (United Kingdom) | 1,436,365 | 217,248,702 | |
B&M European Value Retail SA | 7,665,353 | 49,711,075 | |
BAE Systems PLC | 8,434,366 | 140,282,201 | |
Big Yellow Group PLC | 1,182,053 | 15,951,971 | |
Compass Group PLC | 2,857,833 | 79,486,988 | |
Diageo PLC | 2,716,530 | 93,882,403 | |
Flutter Entertainment PLC (a) | 206,922 | 38,589,988 | |
Games Workshop Group PLC | 166,449 | 20,611,447 | |
InterContinental Hotel Group PLC | 322,753 | 31,479,396 | |
London Stock Exchange Group PLC | 1,177,435 | 129,800,562 | |
RELX PLC (Euronext N.V.) | 3,948,688 | 163,083,342 | |
Rolls-Royce Holdings PLC (a) | 7,724,700 | 39,612,458 | |
RS GROUP PLC | 4,248,715 | 39,127,196 | |
Sage Group PLC | 4,360,281 | 63,528,217 | |
Starling Bank Ltd. Series D (a)(b)(e) | 8,636,400 | 32,482,757 | |
WPP PLC | 2,530,502 | 25,363,637 | |
TOTAL UNITED KINGDOM | 1,272,574,498 | ||
United States of America - 11.6% | |||
CRH PLC | 1,236,843 | 96,377,204 | |
Experian PLC | 1,131,761 | 45,648,386 | |
Ferguson PLC | 598,431 | 126,821,700 | |
GSK PLC | 1,426,600 | 29,597,555 | |
Holcim AG | 473,900 | 39,669,116 | |
ICON PLC (a) | 36,074 | 10,745,723 | |
Linde PLC | 312,614 | 137,850,269 | |
Marsh & McLennan Companies, Inc. | 479,372 | 95,601,158 | |
Marvell Technology, Inc. | 1,095,465 | 72,202,098 | |
MasterCard, Inc. Class A | 171,544 | 77,400,653 | |
Nestle SA (Reg. S) | 819,182 | 82,246,035 | |
S&P Global, Inc. | 147,607 | 61,379,419 | |
Schlumberger Ltd. | 1,444,487 | 68,584,243 | |
Schneider Electric SA | 464,663 | 105,949,347 | |
Shell PLC (London) | 3,461,704 | 123,058,792 | |
TOTAL UNITED STATES OF AMERICA | 1,173,131,698 | ||
TOTAL COMMON STOCKS (Cost $6,352,257,334) | 9,758,944,004 | ||
Preferred Stocks - 0.5% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.5% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(b)(e) | 79,275 | 9,735,184 | |
United States of America - 0.4% | |||
Wasabi Holdings, Inc. Series C (a)(b)(e) | 2,976,172 | 39,166,424 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 48,901,608 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(e) | 15,316 | 634,359 | |
TOTAL PREFERRED STOCKS (Cost $59,932,348) | 49,535,967 | ||
Money Market Funds - 4.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 316,547,873 | 316,611,183 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 85,598,442 | 85,607,002 | |
TOTAL MONEY MARKET FUNDS (Cost $402,217,228) | 402,218,185 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $6,814,406,910) | 10,210,698,156 |
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (58,820,890) |
NET ASSETS - 100.0% | 10,151,877,266 |
(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 $49,830,564 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 $82,099,440 or 0.8% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 345,681,349 | 1,080,566,181 | 1,109,635,232 | 9,975,763 | (1,115) | - | 316,611,183 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.39% | 221,672,979 | 432,016,269 | 568,082,246 | 183,440 | - | - | 85,607,002 | 0.3% |
Total | 567,354,328 | 1,512,582,450 | 1,677,717,478 | 10,159,203 | (1,115) | - | 402,218,185 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 54,205,466 | - | 54,205,466 | - |
Consumer Discretionary | 873,076,557 | 222,467,144 | 650,609,413 | - |
Consumer Staples | 392,534,725 | 161,732,296 | 230,802,429 | - |
Energy | 552,587,559 | 361,163,498 | 191,424,061 | - |
Financials | 2,136,138,637 | 842,145,198 | 1,261,510,682 | 32,482,757 |
Health Care | 1,054,969,420 | 318,513,202 | 736,456,218 | - |
Industrials | 2,218,849,706 | 893,727,129 | 1,325,122,577 | - |
Information Technology | 1,756,525,260 | 938,832,804 | 768,075,769 | 49,616,687 |
Materials | 753,640,670 | 455,066,225 | 298,574,445 | - |
Real Estate | 15,951,971 | 15,951,971 | - | - |
Money Market Funds | 402,218,185 | 402,218,185 | - | - |
Total Investments in Securities: | 10,210,698,156 | 4,611,817,652 | 5,516,781,060 | 82,099,444 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $76,844,123) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,412,189,682) | $ | 9,808,479,971 | ||
Fidelity Central Funds (cost $402,217,228) | 402,218,185 | |||
Total Investment in Securities (cost $6,814,406,910) | $ | 10,210,698,156 | ||
Foreign currency held at value (cost $15,924,578) | 15,921,779 | |||
Receivable for investments sold | 5,651,579 | |||
Receivable for fund shares sold | 2,010,594 | |||
Dividends receivable | 28,047,677 | |||
Reclaims receivable | 33,469,379 | |||
Distributions receivable from Fidelity Central Funds | 1,490,119 | |||
Prepaid expenses | 3,339 | |||
Other receivables | 1,434,141 | |||
Total assets | 10,298,726,763 | |||
Liabilities | ||||
Payable for investments purchased | $ | 44,239,400 | ||
Payable for fund shares redeemed | 2,535,534 | |||
Accrued management fee | 5,285,488 | |||
Other payables and accrued expenses | 9,182,073 | |||
Collateral on securities loaned | 85,607,002 | |||
Total liabilities | 146,849,497 | |||
Net Assets | $ | 10,151,877,266 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 6,632,558,445 | ||
Total accumulated earnings (loss) | 3,519,318,821 | |||
Net Assets | $ | 10,151,877,266 | ||
Net Asset Value and Maximum Offering Price | ||||
Diversified International : | ||||
Net Asset Value, offering price and redemption price per share ($9,030,414,822 ÷ 211,257,810 shares) | $ | 42.75 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($1,121,462,444 ÷ 26,291,961 shares) | $ | 42.65 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 100,277,918 | ||
Income from Fidelity Central Funds (including $183,440 from security lending) | 10,159,203 | |||
Income before foreign taxes withheld | $ | 110,437,121 | ||
Less foreign taxes withheld | (9,832,973) | |||
Total income | 100,604,148 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 33,453,443 | ||
Performance adjustment | (9,554,268) | |||
Transfer agent fees | 4,358,521 | |||
Accounting fees | 553,373 | |||
Custodian fees and expenses | 356,421 | |||
Independent trustees' fees and expenses | 23,840 | |||
Registration fees | 53,683 | |||
Audit | 45,977 | |||
Legal | 6,557 | |||
Miscellaneous | 18,860 | |||
Total expenses before reductions | 29,316,407 | |||
Expense reductions | (431,052) | |||
Total expenses after reductions | 28,885,355 | |||
Net Investment income (loss) | 71,718,793 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $3,532,934) | 119,087,056 | |||
Redemptions in-kind | 36,182,254 | |||
Fidelity Central Funds | (1,115) | |||
Foreign currency transactions | (411,605) | |||
Total net realized gain (loss) | 154,856,590 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $3,681,623) | 1,355,185,908 | |||
Assets and liabilities in foreign currencies | (155,772) | |||
Total change in net unrealized appreciation (depreciation) | 1,355,030,136 | |||
Net gain (loss) | 1,509,886,726 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,581,605,519 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 71,718,793 | $ | 137,662,353 |
Net realized gain (loss) | 154,856,590 | 414,150,038 | ||
Change in net unrealized appreciation (depreciation) | 1,355,030,136 | 527,960,774 | ||
Net increase (decrease) in net assets resulting from operations | 1,581,605,519 | 1,079,773,165 | ||
Distributions to shareholders | (399,892,110) | (123,021,576) | ||
Share transactions - net increase (decrease) | 499,914,546 | (1,113,876,746) | ||
Total increase (decrease) in net assets | 1,681,627,955 | (157,125,157) | ||
Net Assets | ||||
Beginning of period | 8,470,249,311 | 8,627,374,468 | ||
End of period | $ | 10,151,877,266 | $ | 8,470,249,311 |
Fidelity® Diversified International Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 37.63 | $ | 33.99 | $ | 53.38 | $ | 41.61 | $ | 38.67 | $ | 35.72 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .30 | .57 | .33 | .16 | .10 | .50 | ||||||
Net realized and unrealized gain (loss) | 6.58 | 3.56 | (14.58) | 12.07 | 3.37 | 4.77 | ||||||
Total from investment operations | 6.88 | 4.13 | (14.25) | 12.23 | 3.47 | 5.27 | ||||||
Distributions from net investment income | (.70) | (.14) | (.57) | (.02) | (.53) | (.43) | ||||||
Distributions from net realized gain | (1.06) | (.35) | (4.57) | (.45) | - | (1.89) | ||||||
Total distributions | (1.76) | (.49) | (5.14) | (.46) C | (.53) | (2.32) | ||||||
Net asset value, end of period | $ | 42.75 | $ | 37.63 | $ | 33.99 | $ | 53.38 | $ | 41.61 | $ | 38.67 |
Total Return D,E | 18.69 % | 12.15% | (29.36)% | 29.58% | 9.07% | 16.02% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .61% H | .65% | .99% | 1.01% | 1.05% | .75% | ||||||
Expenses net of fee waivers, if any | .61 % H | .65% | .99% | 1.01% | 1.05% | .75% | ||||||
Expenses net of all reductions | .61% H | .65% | .99% | 1.01% | 1.04% | .75% | ||||||
Net investment income (loss) | 1.46% H | 1.45% | .80% | .32% | .26% | 1.42% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 9,030,415 | $ | 7,407,098 | $ | 7,230,515 | $ | 11,529,722 | $ | 9,419,192 | $ | 8,734,682 |
Portfolio turnover rate I,J | 41 % H | 22% | 20% | 29% | 29% | 37% |
Fidelity® Diversified International Fund Class K |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 37.57 | $ | 33.94 | $ | 53.32 | $ | 41.56 | $ | 38.61 | $ | 35.68 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .33 | .61 | .38 | .21 | .15 | .55 | ||||||
Net realized and unrealized gain (loss) | 6.55 | 3.56 | (14.58) | 12.06 | 3.37 | 4.74 | ||||||
Total from investment operations | 6.88 | 4.17 | (14.20) | 12.27 | 3.52 | 5.29 | ||||||
Distributions from net investment income | (.75) | (.19) | (.62) | (.06) | (.57) | (.47) | ||||||
Distributions from net realized gain | (1.06) | (.35) | (4.57) | (.45) | - | (1.89) | ||||||
Total distributions | (1.80) C | (.54) | (5.18) C | (.51) | (.57) | (2.36) | ||||||
Net asset value, end of period | $ | 42.65 | $ | 37.57 | $ | 33.94 | $ | 53.32 | $ | 41.56 | $ | 38.61 |
Total Return D,E | 18.74 % | 12.29% | (29.31)% | 29.71% | 9.22% | 16.14% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .50% H | .54% | .88% | .91% | .94% | .63% | ||||||
Expenses net of fee waivers, if any | .49 % H | .54% | .88% | .91% | .94% | .63% | ||||||
Expenses net of all reductions | .49% H | .54% | .88% | .91% | .93% | .63% | ||||||
Net investment income (loss) | 1.57% H | 1.56% | .91% | .42% | .38% | 1.54% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,121,462 | $ | 1,063,151 | $ | 1,396,859 | $ | 3,306,774 | $ | 3,761,267 | $ | 4,246,651 |
Portfolio turnover rate I,J | 41 % 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 | $1,268,566 |
Gross unrealized appreciation | $3,523,269,460 |
Gross unrealized depreciation | (170,060,606) |
Net unrealized appreciation (depreciation) | $3,353,208,854 |
Tax cost | $6,857,489,302 |
Purchases ($) | Sales ($) | |
Fidelity Diversified International Fund | 2,166,249,205 | 1,905,158,313 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Diversified International Fund | 2,269,957 | 36,182,254 | 92,279,701 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Diversified International Fund | 9,154,362 | 127,948,104 | 353,583,024 |
Maximum Management Fee Rate % | |
Diversified International | 0.79 |
Class K | 0.68 |
Total Management Fee Rate % | |||
Diversified International | .77 | ||
Class K | .68 |
Performance Adjustment Index | |
Fidelity Diversified International Fund | MSCI EAFE Index |
% of Class-Level Average Net Assets | |
Fidelity Diversified International Fund | 0.1519 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Diversified International | 4,201,848 | .15 |
Class K | 156,673 | .04 |
4,358,521 |
% of Average Net Assets | |
Fidelity Diversified International Fund | 0.0173 |
% of Average Net Assets | |
Fidelity Diversified International Fund | .02 |
Amount ($) | |
Fidelity Diversified International Fund | 1,085 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Diversified International Fund | 25,506,349 | 63,885,941 | (3,211,670) |
Amount ($) | |
Fidelity Diversified International Fund | 8,828 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Diversified International Fund | 20,045 | - | - |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Diversified International Fund | ||
Distributions to shareholders | ||
Diversified International | $350,399,026 | $101,421,493 |
Class K | 49,493,084 | 21,600,083 |
Total | $ 399,892,110 | $ 123,021,576 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Diversified International Fund | ||||
Diversified International | ||||
Shares sold | 16,470,490 | 9,925,175 | $686,700,616 | $388,397,522 |
Reinvestment of distributions | 7,644,991 | 2,350,798 | 300,983,288 | 87,708,207 |
Shares redeemed | (9,694,985) | (28,189,272) | (403,389,050) | (1,089,796,435) |
Net increase (decrease) | 14,420,496 | (15,913,299) | $584,294,854 | $(613,690,706) |
Class K | ||||
Shares sold | 2,488,083 | 5,103,356 | $104,086,616 | $201,187,282 |
Reinvestment of distributions | 1,259,505 | 580,051 | 49,460,747 | 21,589,508 |
Shares redeemed | (5,750,550) | (18,542,037) | (237,927,671) | (722,962,830) |
Net increase (decrease) | (2,002,962) | (12,858,630) | $(84,380,308) | $(500,186,040) |
Strategic Advisers Fidelity International Fund | |
Fidelity Diversified International Fund | 24% |
Fund | % of shares held |
Fidelity Diversified International Fund | 30% |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.8 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.1 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Schneider Electric SA (United States of America, Electrical Equipment) | 2.0 | |
SAP SE (Germany, Software) | 2.0 | |
L'Oreal SA (France, Personal Care Products) | 1.9 | |
Tokyo Electron Ltd. (Japan, Semiconductors & Semiconductor Equipment) | 1.8 | |
ASM International NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 1.8 | |
ICICI Bank Ltd. (India, Banks) | 1.8 | |
23.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 25.7 | |
Industrials | 24.8 | |
Financials | 21.8 | |
Consumer Discretionary | 10.1 | |
Health Care | 6.2 | |
Materials | 4.9 | |
Consumer Staples | 3.4 | |
Communication Services | 1.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.5% | |||
Shares | Value ($) | ||
Brazil - 1.4% | |||
MercadoLibre, Inc. (a) | 53,093 | 77,446,759 | |
Canada - 10.4% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,468,323 | 81,380,921 | |
Brookfield Asset Management Ltd. Class A (b) | 1,830,160 | 69,893,810 | |
Canadian National Railway Co. | 664,304 | 80,629,467 | |
Canadian Pacific Kansas City Ltd. | 1,030,055 | 80,809,167 | |
CGI, Inc. Class A (sub. vtg.) (a) | 706,110 | 71,547,077 | |
Constellation Software, Inc. | 35,868 | 92,344,630 | |
Constellation Software, Inc. warrants 3/31/40 (a)(c) | 38,399 | 3 | |
Thomson Reuters Corp. | 517,614 | 78,180,713 | |
TOTAL CANADA | 554,785,788 | ||
Denmark - 3.1% | |||
DSV A/S | 16,986 | 2,425,078 | |
Novo Nordisk A/S Series B | 1,277,360 | 163,811,598 | |
TOTAL DENMARK | 166,236,676 | ||
France - 13.7% | |||
Air Liquide SA | 473,651 | 92,636,008 | |
Capgemini SA | 370,028 | 77,772,881 | |
Dassault Systemes SA | 1,882,745 | 73,901,363 | |
EssilorLuxottica SA | 389,858 | 83,544,137 | |
Hermes International SCA | 37,492 | 90,065,802 | |
L'Oreal SA | 212,414 | 99,663,477 | |
LVMH Moet Hennessy Louis Vuitton SE | 151,723 | 124,630,785 | |
Safran SA | 418,098 | 90,657,034 | |
TOTAL FRANCE | 732,871,487 | ||
Germany - 2.0% | |||
SAP SE | 588,087 | 106,189,134 | |
India - 9.8% | |||
Axis Bank Ltd. | 6,500,806 | 90,713,064 | |
Bharti Airtel Ltd. | 5,510,721 | 87,202,672 | |
HCL Technologies Ltd. | 4,610,867 | 75,204,861 | |
HDFC Bank Ltd. | 5,171,864 | 93,897,390 | |
ICICI Bank Ltd. | 6,933,303 | 95,506,454 | |
Larsen & Toubro Ltd. | 1,900,999 | 81,692,949 | |
TOTAL INDIA | 524,217,390 | ||
Indonesia - 1.4% | |||
PT Bank Central Asia Tbk | 129,025,015 | 77,580,755 | |
Ireland - 1.5% | |||
Kingspan Group PLC (Ireland) | 915,049 | 81,882,904 | |
Italy - 1.7% | |||
Ferrari NV (Italy) | 226,955 | 93,782,309 | |
Japan - 8.1% | |||
Hoya Corp. | 698,060 | 80,932,955 | |
Keyence Corp. | 208,558 | 91,717,522 | |
OBIC Co. Ltd. | 562,337 | 72,241,492 | |
Shin-Etsu Chemical Co. Ltd. | 2,346,684 | 90,837,650 | |
Tokyo Electron Ltd. | 443,578 | 97,297,023 | |
TOTAL JAPAN | 433,026,642 | ||
Netherlands - 6.5% | |||
ASM International NV (Netherlands) | 152,555 | 96,902,546 | |
ASML Holding NV (Netherlands) | 184,358 | 163,831,109 | |
Wolters Kluwer NV | 564,240 | 84,753,588 | |
TOTAL NETHERLANDS | 345,487,243 | ||
Sweden - 2.9% | |||
ASSA ABLOY AB (B Shares) | 2,615,263 | 69,098,955 | |
Atlas Copco AB (A Shares) | 5,000,815 | 87,594,716 | |
TOTAL SWEDEN | 156,693,671 | ||
Switzerland - 2.9% | |||
Partners Group Holding AG | 55,572 | 71,909,594 | |
UBS Group AG | 3,183,658 | 84,054,805 | |
TOTAL SWITZERLAND | 155,964,399 | ||
Taiwan - 3.8% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 8,460,615 | 202,218,817 | |
United Kingdom - 12.3% | |||
3i Group PLC | 2,249,819 | 80,380,300 | |
Ashtead Group PLC | 1,248,223 | 91,118,670 | |
BAE Systems PLC | 4,969,799 | 82,658,772 | |
Compass Group PLC | 3,016,153 | 83,890,457 | |
InterContinental Hotel Group PLC | 766,774 | 74,786,546 | |
London Stock Exchange Group PLC | 711,841 | 78,473,429 | |
RELX PLC (London Stock Exchange) | 2,242,868 | 92,152,450 | |
Sage Group PLC | 4,975,670 | 72,494,283 | |
TOTAL UNITED KINGDOM | 655,954,907 | ||
United States of America - 17.0% | |||
Arthur J. Gallagher & Co. | 287,631 | 67,504,119 | |
Experian PLC | 1,935,507 | 78,066,633 | |
Linde PLC | 182,107 | 80,301,903 | |
Marsh & McLennan Companies, Inc. | 378,462 | 75,476,677 | |
MasterCard, Inc. Class A | 145,840 | 65,803,008 | |
Moody's Corp. | 201,430 | 74,595,572 | |
NVIDIA Corp. | 85,983 | 74,291,032 | |
S&P Global, Inc. | 183,497 | 76,303,558 | |
Schneider Electric SA | 471,983 | 107,618,405 | |
Uber Technologies, Inc. (a) | 1,033,379 | 68,482,026 | |
Visa, Inc. Class A | 246,952 | 66,333,777 | |
Waste Connections, Inc. (Canada) | 455,598 | 73,867,340 | |
TOTAL UNITED STATES OF AMERICA | 908,644,050 | ||
TOTAL COMMON STOCKS (Cost $3,738,802,511) | 5,272,982,931 | ||
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 78,031,100 | 78,046,706 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 74,569,118 | 74,576,575 | |
TOTAL MONEY MARKET FUNDS (Cost $152,623,281) | 152,623,281 | ||
TOTAL INVESTMENT IN SECURITIES - 101.4% (Cost $3,891,425,792) | 5,425,606,212 |
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (73,887,306) |
NET ASSETS - 100.0% | 5,351,718,906 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 69,951,135 | 853,610,909 | 845,515,509 | 2,249,282 | 171 | - | 78,046,706 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.39% | 12,706,225 | 440,825,062 | 378,954,712 | 22,510 | - | - | 74,576,575 | 0.3% |
Total | 82,657,360 | 1,294,435,971 | 1,224,470,221 | 2,271,792 | 171 | - | 152,623,281 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 87,202,672 | - | 87,202,672 | - |
Consumer Discretionary | 544,602,658 | 261,294,870 | 283,307,788 | - |
Consumer Staples | 181,044,398 | 181,044,398 | - | - |
Financials | 1,168,426,312 | 651,874,920 | 516,551,392 | - |
Health Care | 328,288,690 | 83,544,137 | 244,744,553 | - |
Industrials | 1,331,688,867 | 642,148,953 | 689,539,914 | - |
Information Technology | 1,367,953,773 | 571,410,677 | 796,543,093 | 3 |
Materials | 263,775,561 | 80,301,903 | 183,473,658 | - |
Money Market Funds | 152,623,281 | 152,623,281 | - | - |
Total Investments in Securities: | 5,425,606,212 | 2,624,243,139 | 2,801,363,070 | 3 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $69,891,519) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,738,802,511) | $ | 5,272,982,931 | ||
Fidelity Central Funds (cost $152,623,281) | 152,623,281 | |||
Total Investment in Securities (cost $3,891,425,792) | $ | 5,425,606,212 | ||
Foreign currency held at value (cost $1,511,079) | 1,507,487 | |||
Receivable for investments sold | 7,283,593 | |||
Receivable for fund shares sold | 2,683,562 | |||
Dividends receivable | 9,025,080 | |||
Reclaims receivable | 5,945,740 | |||
Distributions receivable from Fidelity Central Funds | 463,124 | |||
Prepaid expenses | 1,555 | |||
Other receivables | 1,865,927 | |||
Total assets | 5,454,382,280 | |||
Liabilities | ||||
Payable for investments purchased | $ | 7,249,078 | ||
Payable for fund shares redeemed | 2,137,593 | |||
Accrued management fee | 3,863,658 | |||
Other payables and accrued expenses | 14,836,470 | |||
Collateral on securities loaned | 74,576,575 | |||
Total liabilities | 102,663,374 | |||
Net Assets | $ | 5,351,718,906 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 4,003,006,831 | ||
Total accumulated earnings (loss) | 1,348,712,075 | |||
Net Assets | $ | 5,351,718,906 | ||
Net Asset Value, offering price and redemption price per share ($5,351,718,906 ÷ 195,383,744 shares) | $ | 27.39 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 29,501,752 | ||
Income from Fidelity Central Funds (including $22,510 from security lending) | 2,271,792 | |||
Income before foreign taxes withheld | $ | 31,773,544 | ||
Less foreign taxes withheld | (2,742,803) | |||
Total income | 29,030,741 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 18,208,680 | ||
Performance adjustment | 1,819,003 | |||
Transfer agent fees | 2,566,421 | |||
Accounting fees | 533,496 | |||
Custodian fees and expenses | 235,277 | |||
Independent trustees' fees and expenses | 12,186 | |||
Registration fees | 44,060 | |||
Audit | 54,483 | |||
Legal | 3,117 | |||
Miscellaneous | 9,276 | |||
Total expenses before reductions | 23,485,999 | |||
Expense reductions | (228,478) | |||
Total expenses after reductions | 23,257,521 | |||
Net Investment income (loss) | 5,773,220 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,699,958) | 170,247,991 | |||
Fidelity Central Funds | 171 | |||
Foreign currency transactions | 256,812 | |||
Total net realized gain (loss) | 170,504,974 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $7,219,368) | 740,901,858 | |||
Assets and liabilities in foreign currencies | (136,593) | |||
Total change in net unrealized appreciation (depreciation) | 740,765,265 | |||
Net gain (loss) | 911,270,239 | |||
Net increase (decrease) in net assets resulting from operations | $ | 917,043,459 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,773,220 | $ | 20,593,650 |
Net realized gain (loss) | 170,504,974 | 80,207,386 | ||
Change in net unrealized appreciation (depreciation) | 740,765,265 | 499,536,098 | ||
Net increase (decrease) in net assets resulting from operations | 917,043,459 | 600,337,134 | ||
Distributions to shareholders | (18,874,608) | (1,939,358) | ||
Share transactions | ||||
Proceeds from sales of shares | 554,669,569 | 435,752,549 | ||
Reinvestment of distributions | 15,731,033 | 1,625,726 | ||
Cost of shares redeemed | (269,166,274) | (706,723,757) | ||
Net increase (decrease) in net assets resulting from share transactions | 301,234,328 | (269,345,482) | ||
Total increase (decrease) in net assets | 1,199,403,179 | 329,052,294 | ||
Net Assets | ||||
Beginning of period | 4,152,315,727 | 3,823,263,433 | ||
End of period | $ | 5,351,718,906 | $ | 4,152,315,727 |
Other Information | ||||
Shares | ||||
Sold | 21,089,761 | 18,847,487 | ||
Issued in reinvestment of distributions | 621,044 | 72,968 | ||
Redeemed | (10,042,455) | (31,187,640) | ||
Net increase (decrease) | 11,668,350 | (12,267,185) | ||
Fidelity® International Capital Appreciation Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 22.60 | $ | 19.51 | $ | 30.93 | $ | 24.57 | $ | 22.41 | $ | 18.84 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .11 | .02 | (.02) | .06 | .17 C | ||||||
Net realized and unrealized gain (loss) | 4.86 | 2.99 | (8.86) | 6.74 | 2.86 | 3.93 | ||||||
Total from investment operations | 4.89 | 3.10 | (8.84) | 6.72 | 2.92 | 4.10 | ||||||
Distributions from net investment income | (.10) | (.01) | - | (.05) | (.13) | (.08) | ||||||
Distributions from net realized gain | - | - | (2.58) | (.31) | (.62) | (.45) | ||||||
Total distributions | (.10) | (.01) | (2.58) | (.36) | (.76) D | (.53) | ||||||
Net asset value, end of period | $ | 27.39 | $ | 22.60 | $ | 19.51 | $ | 30.93 | $ | 24.57 | $ | 22.41 |
Total Return E,F | 21.67 % | 15.89% | (30.97)% | 27.56% | 13.35% | 22.45% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .91% I | .80% | .99% | 1.00% | 1.03% | 1.01% | ||||||
Expenses net of fee waivers, if any | .91 % I | .79% | .98% | 1.00% | 1.03% | 1.01% | ||||||
Expenses net of all reductions | .91% I | .79% | .98% | 1.00% | .99% | 1.00% | ||||||
Net investment income (loss) | .22% I | .48% | .10% | (.08)% | .25% | .81% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,351,719 | $ | 4,152,316 | $ | 3,823,263 | $ | 5,851,757 | $ | 4,514,343 | $ | 3,480,765 |
Portfolio turnover rate J | 51 % I | 79% | 112% K | 141% | 135% | 131% 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 | $1,578,310,194 |
Gross unrealized depreciation | (51,217,504) |
Net unrealized appreciation (depreciation) | $1,527,092,690 |
Tax cost | $3,898,513,522 |
Short-term | $(333,784,644) |
Long-term | (-) |
Total capital loss carryforward | $(333,784,644) |
Purchases ($) | Sales ($) | |
Fidelity International Capital Appreciation Fund | 1,568,798,448 | 1,282,693,867 |
Maximum Management Fee Rate % | |
Fidelity International Capital Appreciation Fund | 0.83 |
Total Management Fee Rate % | |
Fidelity International Capital Appreciation Fund | .86 |
Performance Adjustment Index | |
Fidelity International Capital Appreciation Fund | MSCI All Country World ex USA Index |
% of Average Net Assets | |
Fidelity International Capital Appreciation Fund | .0322 |
% of Average Net Assets | |
Fidelity International Capital Appreciation Fund | .03 |
Amount ($) | |
Fidelity International Capital Appreciation Fund | 1,431 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Capital Appreciation Fund | 73,817,022 | 152,120,627 | 16,166,628 |
Amount ($) | |
Fidelity International Capital Appreciation Fund | 4,603 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Capital Appreciation Fund | 2,455 | - | - |
Strategic Advisers Fidelity International Fund | |
Fidelity International Capital Appreciation Fund | 38% |
Fund | % of shares held |
Fidelity International Capital Appreciation Fund | 41% |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.8 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.7 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.7 | |
SAP SE (Germany, Software) | 2.3 | |
Tokio Marine Holdings, Inc. (Japan, Insurance) | 2.1 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
Safran SA (France, Aerospace & Defense) | 2.1 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.0 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.9 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.8 | |
24.5 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.0 | |
Industrials | 18.7 | |
Information Technology | 18.7 | |
Health Care | 15.4 | |
Consumer Discretionary | 10.0 | |
Materials | 6.7 | |
Consumer Staples | 5.1 | |
Energy | 1.2 | |
Communication Services | 0.4 | |
Real Estate | 0.1 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.3% | |||
Shares | Value ($) | ||
Bailiwick of Jersey - 0.3% | |||
JTC PLC (a) | 3,047,000 | 32,553,089 | |
Belgium - 0.9% | |||
Azelis Group NV | 1,072,900 | 25,922,775 | |
KBC Group NV | 847,890 | 63,250,288 | |
TOTAL BELGIUM | 89,173,063 | ||
Canada - 2.5% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,508,300 | 83,596,622 | |
Constellation Software, Inc. | 59,800 | 153,959,208 | |
Constellation Software, Inc. warrants 3/31/40 (b)(c) | 62,100 | 5 | |
Lumine Group, Inc. (b) | 360,322 | 9,870,150 | |
TOTAL CANADA | 247,425,985 | ||
Denmark - 4.9% | |||
Carlsberg A/S Series B | 441,700 | 59,414,333 | |
DSV A/S | 426,903 | 60,948,620 | |
Novo Nordisk A/S Series B | 2,856,400 | 366,311,336 | |
TOTAL DENMARK | 486,674,289 | ||
Finland - 0.9% | |||
Nordea Bank Abp | 7,631,100 | 89,049,350 | |
France - 13.7% | |||
Accor SA | 1,823,000 | 80,368,837 | |
Air Liquide SA | 781,129 | 152,772,130 | |
ALTEN | 561,556 | 66,341,687 | |
Antin Infrastructure Partners SA | 198,900 | 2,547,193 | |
Capgemini SA | 749,433 | 157,516,631 | |
Dassault Systemes SA | 1,598,700 | 62,752,051 | |
Edenred SA | 403,579 | 19,148,900 | |
EssilorLuxottica SA | 722,813 | 154,894,316 | |
L'Oreal SA | 275,200 | 129,122,321 | |
LVMH Moet Hennessy Louis Vuitton SE | 252,942 | 207,775,750 | |
Safran SA | 945,000 | 204,906,259 | |
TotalEnergies SE | 1,683,144 | 122,194,103 | |
TOTAL FRANCE | 1,360,340,178 | ||
Germany - 8.9% | |||
Allianz SE | 517,801 | 146,944,097 | |
Deutsche Borse AG | 649,391 | 125,197,383 | |
Hannover Reuck SE | 582,900 | 144,569,273 | |
Infineon Technologies AG | 1,675,559 | 58,146,965 | |
Merck KGaA | 530,500 | 84,327,983 | |
SAP SE | 1,244,400 | 224,697,636 | |
Siemens Healthineers AG (a) | 1,771,000 | 98,215,139 | |
TOTAL GERMANY | 882,098,476 | ||
Hong Kong - 1.0% | |||
AIA Group Ltd. | 12,961,600 | 94,935,399 | |
India - 0.4% | |||
HDFC Bank Ltd. | 2,302,700 | 41,806,498 | |
Indonesia - 0.8% | |||
PT Bank Central Asia Tbk | 137,842,200 | 82,882,393 | |
Ireland - 1.0% | |||
Kingspan Group PLC (Ireland) | 1,163,900 | 104,151,266 | |
Italy - 3.3% | |||
FinecoBank SpA | 4,669,000 | 71,951,009 | |
GVS SpA (a)(b) | 528,100 | 3,088,464 | |
Industrie de Nora SpA | 363,000 | 4,896,655 | |
Recordati SpA | 1,698,130 | 90,702,829 | |
UniCredit SpA | 4,311,000 | 158,232,509 | |
TOTAL ITALY | 328,871,466 | ||
Japan - 14.5% | |||
Ajinomoto Co., Inc. | 1,796,200 | 66,785,362 | |
BayCurrent Consulting, Inc. | 674,900 | 14,366,709 | |
Capcom Co. Ltd. | 2,681,600 | 44,145,679 | |
DENSO Corp. | 3,896,900 | 66,415,345 | |
FUJIFILM Holdings Corp. | 5,443,700 | 115,801,041 | |
Hoya Corp. | 1,179,800 | 136,785,806 | |
Mitsubishi Heavy Industries Ltd. | 12,308,000 | 110,047,269 | |
NOF Corp. | 2,824,200 | 37,889,275 | |
Renesas Electronics Corp. | 3,431,700 | 55,716,230 | |
Rohto Pharmaceutical Co. Ltd. | 1,063,600 | 20,751,301 | |
Shin-Etsu Chemical Co. Ltd. | 4,364,700 | 168,952,910 | |
Sony Group Corp. | 1,913,300 | 158,136,865 | |
Suzuki Motor Corp. | 8,590,700 | 100,045,450 | |
TIS, Inc. | 1,427,400 | 30,484,377 | |
Tokio Marine Holdings, Inc. | 6,650,500 | 210,198,334 | |
Tokyo Electron Ltd. | 505,900 | 110,967,099 | |
TOTAL JAPAN | 1,447,489,052 | ||
Netherlands - 7.8% | |||
ASM International NV (Netherlands) | 163,802 | 104,046,612 | |
ASML Holding NV (Netherlands) | 424,500 | 377,235,085 | |
IMCD NV | 622,424 | 94,489,690 | |
Topicus.Com, Inc. | 122,288 | 9,965,852 | |
Wolters Kluwer NV | 1,251,421 | 187,973,947 | |
TOTAL NETHERLANDS | 773,711,186 | ||
Spain - 0.8% | |||
CaixaBank SA | 15,424,500 | 81,342,012 | |
Sweden - 2.9% | |||
Addlife AB | 2,778,272 | 25,865,731 | |
AddTech AB (B Shares) | 2,105,796 | 44,483,804 | |
Atlas Copco AB (A Shares) | 6,509,044 | 114,012,988 | |
Indutrade AB | 4,606,016 | 107,915,623 | |
Kry International AB (b)(c)(d) | 2,787 | 84,856 | |
TOTAL SWEDEN | 292,363,002 | ||
Switzerland - 4.9% | |||
Alcon, Inc. (Switzerland) | 1,280,970 | 99,077,473 | |
Compagnie Financiere Richemont SA Series A | 688,376 | 95,152,170 | |
Galderma Group AG | 471,479 | 35,133,328 | |
Partners Group Holding AG | 83,670 | 108,268,115 | |
Sika AG | 524,682 | 150,284,221 | |
TOTAL SWITZERLAND | 487,915,307 | ||
Taiwan - 0.8% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 3,154,000 | 75,384,371 | |
United Kingdom - 17.3% | |||
3i Group PLC | 3,606,300 | 128,843,909 | |
AstraZeneca PLC (United Kingdom) | 1,754,000 | 265,290,663 | |
BAE Systems PLC | 7,942,700 | 132,104,705 | |
Beazley PLC | 2,466,535 | 20,434,050 | |
Compass Group PLC | 6,439,898 | 179,117,567 | |
Diageo PLC | 4,367,200 | 150,929,027 | |
Diploma PLC | 1,567,295 | 71,051,241 | |
Flutter Entertainment PLC (b) | 106,174 | 19,800,956 | |
Halma PLC | 2,359,100 | 65,058,242 | |
Hiscox Ltd. | 2,323,213 | 35,706,541 | |
InterContinental Hotel Group PLC | 775,300 | 75,618,121 | |
Lloyds Banking Group PLC | 144,221,000 | 93,077,849 | |
London Stock Exchange Group PLC | 1,460,300 | 160,983,631 | |
RELX PLC (London Stock Exchange) | 4,910,100 | 201,740,694 | |
Sage Group PLC | 6,736,400 | 98,147,685 | |
Volution Group PLC | 4,245,867 | 23,105,118 | |
TOTAL UNITED KINGDOM | 1,721,009,999 | ||
United States of America - 10.7% | |||
CBRE Group, Inc. (b) | 54,175 | 4,707,266 | |
CDW Corp. | 297,500 | 71,953,350 | |
Experian PLC | 2,251,800 | 90,823,978 | |
Ferguson PLC | 612,700 | 129,845,639 | |
ICON PLC (b) | 294,600 | 87,755,448 | |
Linde PLC | 370,200 | 163,243,392 | |
Marsh & McLennan Companies, Inc. | 799,700 | 159,484,171 | |
S&P Global, Inc. | 320,705 | 133,358,760 | |
Schneider Electric SA | 648,200 | 147,798,226 | |
Thermo Fisher Scientific, Inc. | 129,700 | 73,762,984 | |
TOTAL UNITED STATES OF AMERICA | 1,062,733,214 | ||
TOTAL COMMON STOCKS (Cost $6,935,632,777) | 9,781,909,595 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Sweden - 0.0% | |||
Kry International AB Series E (b)(c)(d) (Cost $7,360,943) | 16,101 | 666,872 | |
Money Market Funds - 1.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) (Cost $103,739,803) | 103,719,060 | 103,739,803 | |
TOTAL INVESTMENT IN SECURITIES - 99.4% (Cost $7,046,733,523) | 9,886,316,270 |
NET OTHER ASSETS (LIABILITIES) - 0.6% | 63,167,241 |
NET ASSETS - 100.0% | 9,949,483,511 |
(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 $133,856,692 or 1.3% of net assets. |
(b) | Non-income producing |
(c) | Level 3 security |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $751,728 or 0.0% of net assets. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 150,881,981 | 1,302,803,603 | 1,349,946,097 | 4,179,881 | 316 | - | 103,739,803 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 76,836,109 | 76,836,109 | 137,486 | - | - | - | 0.0% |
Total | 150,881,981 | 1,379,639,712 | 1,426,782,206 | 4,317,367 | 316 | - | 103,739,803 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 44,145,679 | - | 44,145,679 | - |
Consumer Discretionary | 982,431,061 | 100,169,793 | 882,261,268 | - |
Consumer Staples | 510,598,966 | 212,718,943 | 297,880,023 | - |
Energy | 122,194,103 | - | 122,194,103 | - |
Financials | 2,204,764,753 | 880,320,739 | 1,324,444,014 | - |
Health Care | 1,518,123,036 | 651,520,092 | 866,602,944 | - |
Industrials | 1,873,673,670 | 857,872,842 | 1,015,800,828 | - |
Information Technology | 1,848,796,005 | 956,577,871 | 891,466,401 | 751,733 |
Materials | 673,141,928 | 313,527,613 | 359,614,315 | - |
Real Estate | 4,707,266 | 4,707,266 | - | - |
Money Market Funds | 103,739,803 | 103,739,803 | - | - |
Total Investments in Securities: | 9,886,316,270 | 4,081,154,962 | 5,804,409,575 | 751,733 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $6,942,993,720) | $ | 9,782,576,467 | ||
Fidelity Central Funds (cost $103,739,803) | 103,739,803 | |||
Total Investment in Securities (cost $7,046,733,523) | $ | 9,886,316,270 | ||
Foreign currency held at value (cost $1,938,110) | 1,938,109 | |||
Receivable for investments sold | 17,252,571 | |||
Receivable for fund shares sold | 4,807,604 | |||
Dividends receivable | 21,085,928 | |||
Reclaims receivable | 30,109,868 | |||
Distributions receivable from Fidelity Central Funds | 562,512 | |||
Prepaid expenses | 2,760 | |||
Other receivables | 308,288 | |||
Total assets | 9,962,383,910 | |||
Liabilities | ||||
Payable for investments purchased | $ | 3,059,844 | ||
Payable for fund shares redeemed | 3,451,127 | |||
Accrued management fee | 5,865,223 | |||
Other payables and accrued expenses | 524,205 | |||
Total liabilities | 12,900,399 | |||
Net Assets | $ | 9,949,483,511 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 7,108,420,796 | ||
Total accumulated earnings (loss) | 2,841,062,715 | |||
Net Assets | $ | 9,949,483,511 | ||
Net Asset Value and Maximum Offering Price | ||||
Overseas : | ||||
Net Asset Value, offering price and redemption price per share ($8,972,493,535 ÷ 143,901,616 shares) | $ | 62.35 | ||
Class K : | ||||
Net Asset Value, offering price and redemption price per share ($976,989,976 ÷ 15,703,229 shares) | $ | 62.22 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 87,798,684 | ||
Income from Fidelity Central Funds (including $137,486 from security lending) | 4,317,367 | |||
Income before foreign taxes withheld | $ | 92,116,051 | ||
Less foreign taxes withheld | (7,883,629) | |||
Total income | 84,232,422 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 31,709,230 | ||
Performance adjustment | (2,618,613) | |||
Transfer agent fees | 3,966,226 | |||
Accounting fees | 583,299 | |||
Custodian fees and expenses | 167,565 | |||
Independent trustees' fees and expenses | 21,678 | |||
Registration fees | 59,746 | |||
Audit | 50,190 | |||
Legal | 4,542 | |||
Miscellaneous | 16,515 | |||
Total expenses before reductions | 33,960,378 | |||
Expense reductions | (405,855) | |||
Total expenses after reductions | 33,554,523 | |||
Net Investment income (loss) | 50,677,899 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $2,775,983) | 50,986,141 | |||
Fidelity Central Funds | 316 | |||
Foreign currency transactions | (41,259) | |||
Total net realized gain (loss) | 50,945,198 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $2,079,694) | 1,470,186,860 | |||
Assets and liabilities in foreign currencies | (287,878) | |||
Total change in net unrealized appreciation (depreciation) | 1,469,898,982 | |||
Net gain (loss) | 1,520,844,180 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,571,522,079 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 50,677,899 | $ | 95,895,080 |
Net realized gain (loss) | 50,945,198 | 178,850,522 | ||
Change in net unrealized appreciation (depreciation) | 1,469,898,982 | 588,410,844 | ||
Net increase (decrease) in net assets resulting from operations | 1,571,522,079 | 863,156,446 | ||
Distributions to shareholders | (91,103,428) | (57,098,273) | ||
Share transactions - net increase (decrease) | 1,091,918,127 | (224,690,399) | ||
Total increase (decrease) in net assets | 2,572,336,778 | 581,367,774 | ||
Net Assets | ||||
Beginning of period | 7,377,146,733 | 6,795,778,959 | ||
End of period | $ | 9,949,483,511 | $ | 7,377,146,733 |
Fidelity® Overseas Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 52.19 | $ | 46.55 | $ | 69.79 | $ | 50.91 | $ | 49.51 | $ | 46.04 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .33 | .67 | .47 | .21 | .13 | .77 | ||||||
Net realized and unrealized gain (loss) | 10.45 | 5.36 | (20.64) | 18.98 | 1.97 | 5.12 | ||||||
Total from investment operations | 10.78 | 6.03 | (20.17) | 19.19 | 2.10 | 5.89 | ||||||
Distributions from net investment income | (.62) | (.39) | (.20) | (.11) | (.70) | (.68) | ||||||
Distributions from net realized gain | - | - | (2.87) | (.21) | - | (1.74) | ||||||
Total distributions | (.62) | (.39) | (3.07) | (.31) C | (.70) | (2.42) | ||||||
Net asset value, end of period | $ | 62.35 | $ | 52.19 | $ | 46.55 | $ | 69.79 | $ | 50.91 | $ | 49.51 |
Total Return D,E | 20.75 % | 12.95% | (30.12)% | 37.83% | 4.25% | 13.78% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .75% H | .73% | .95% | .99% | 1.04% | .90% | ||||||
Expenses net of fee waivers, if any | .74 % H | .72% | .95% | .98% | 1.04% | .90% | ||||||
Expenses net of all reductions | .74% H | .72% | .94% | .98% | 1.03% | .89% | ||||||
Net investment income (loss) | 1.09% H | 1.23% | .84% | .33% | .27% | 1.68% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 8,972,494 | $ | 6,684,862 | $ | 6,175,776 | $ | 8,981,609 | $ | 6,160,617 | $ | 6,182,831 |
Portfolio turnover rate I | 29 % H | 34% | 25% | 30% J | 41% | 46% J |
Fidelity® Overseas Fund Class K |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 52.11 | $ | 46.48 | $ | 69.68 | $ | 50.83 | $ | 49.43 | $ | 45.98 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .36 | .73 | .54 | .27 | .19 | .82 | ||||||
Net realized and unrealized gain (loss) | 10.43 | 5.34 | (20.60) | 18.95 | 1.96 | 5.11 | ||||||
Total from investment operations | 10.79 | 6.07 | (20.06) | 19.22 | 2.15 | 5.93 | ||||||
Distributions from net investment income | (.68) | (.44) | (.26) | (.16) | (.75) | (.73) | ||||||
Distributions from net realized gain | - | - | (2.87) | (.21) | - | (1.74) | ||||||
Total distributions | (.68) | (.44) | (3.14) C | (.37) | (.75) | (2.48) C | ||||||
Net asset value, end of period | $ | 62.22 | $ | 52.11 | $ | 46.48 | $ | 69.68 | $ | 50.83 | $ | 49.43 |
Total Return D,E | 20.82 % | 13.06% | (30.04)% | 37.97% | 4.36% | 13.90% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .64% H | .62% | .84% | .89% | .94% | .78% | ||||||
Expenses net of fee waivers, if any | .64 % H | .61% | .84% | .88% | .93% | .78% | ||||||
Expenses net of all reductions | .64% H | .61% | .84% | .88% | .93% | .77% | ||||||
Net investment income (loss) | 1.19% H | 1.34% | .94% | .43% | .38% | 1.79% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 976,990 | $ | 692,284 | $ | 620,003 | $ | 1,591,397 | $ | 1,022,402 | $ | 1,040,002 |
Portfolio turnover rate I | 29 % H | 34% | 25% | 30% J | 41% | 46% 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% |
Fidelity Overseas Fund | $280,205 |
Gross unrealized appreciation | $2,937,375,195 | |
Gross unrealized depreciation | (110,097,007) | |
Net unrealized appreciation (depreciation) | $2,827,278,188 | |
Tax cost | $7,059,038,082 |
Short-term | $(84,908,134) |
Long-term | (-) |
Total capital loss carryforward | $(84,908,134) |
Purchases ($) | Sales ($) | |
Fidelity Overseas Fund | 2,406,482,948 | 1,313,933,516 |
Maximum Management Fee Rate % | |
Overseas | 0.78 |
Class K | 0.68 |
Total Management Fee Rate % | |
Overseas | .77 |
Class K | .68 |
Performance Adjustment Index | |
Fidelity Overseas Fund | MSCI EAFE Index |
% of Class-Level Average Net Assets | |
Fidelity Overseas Fund | 0.1476 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Overseas | 3,839,729 | .15 |
Class K | 126,497 | .04 |
3,966,226 |
% of Average Net Assets | |
Fidelity Overseas Fund | .0199 |
% of Average Net Assets | |
Fidelity Overseas Fund | .02 |
Amount ($) | |
Fidelity Overseas Fund | 1,085 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Overseas Fund | 83,804,853 | 10,633,309 | (38,878) |
Amount ($) | |
Fidelity Overseas Fund | 8,220 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Overseas Fund | 14,599 | - | - |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Overseas Fund | ||
Distributions to shareholders | ||
Overseas | $80,812,559 | $51,233,808 |
Class K | 10,290,869 | 5,864,465 |
Total | $ 91,103,428 | $ 57,098,273 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Overseas Fund | ||||
Overseas | ||||
Shares sold | 19,741,573 | 10,936,067 | $1,200,059,506 | $596,408,589 |
Reinvestment of distributions | 1,223,215 | 849,241 | 70,139,126 | 44,738,039 |
Shares redeemed | (5,147,638) | (16,363,021) | (311,257,169) | (880,663,957) |
Net increase (decrease) | 15,817,150 | (4,577,713) | $958,941,463 | $(239,517,329) |
Class K | ||||
Shares sold | 4,060,667 | 5,973,191 | $234,374,221 | $340,532,508 |
Reinvestment of distributions | 179,942 | 111,598 | 10,290,869 | 5,864,465 |
Shares redeemed | (1,822,201) | (6,139,595) | (111,688,426) | (331,570,043) |
Net increase (decrease) | 2,418,408 | (54,806) | $132,976,664 | $14,826,930 |
Strategic Advisers Fidelity International Fund | |
Fidelity Overseas Fund | 34% |
Fund | % of shares held |
Fidelity Overseas Fund | 51% |
Top Holdings (% of Fund's net assets) | ||
NVIDIA Corp. (United States of America, Semiconductors & Semiconductor Equipment) | 6.6 | |
Microsoft Corp. (United States of America, Software) | 5.4 | |
Meta Platforms, Inc. Class A (United States of America, Interactive Media & Services) | 4.4 | |
Amazon.com, Inc. (United States of America, Broadline Retail) | 4.3 | |
Eaton Corp. PLC (United States of America, Electrical Equipment) | 3.9 | |
Eli Lilly & Co. (United States of America, Pharmaceuticals) | 3.8 | |
Fiserv, Inc. (United States of America, Financial Services) | 3.6 | |
Alphabet, Inc. Class A (United States of America, Interactive Media & Services) | 2.9 | |
Vertiv Holdings Co. (United States of America, Electrical Equipment) | 2.3 | |
Constellation Energy Corp. (United States of America, Electric Utilities) | 2.2 | |
39.4 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 24.2 | |
Industrials | 18.5 | |
Consumer Discretionary | 14.2 | |
Financials | 11.8 | |
Communication Services | 9.9 | |
Health Care | 9.5 | |
Energy | 4.1 | |
Utilities | 2.9 | |
Materials | 1.6 | |
Consumer Staples | 1.4 | |
Real Estate | 0.9 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.8% | |||
Shares | Value ($) | ||
Australia - 1.8% | |||
Aristocrat Leisure Ltd. | 268,972 | 6,864,162 | |
CAR Group Ltd. | 709,556 | 15,385,670 | |
Deterra Royalties Ltd. | 1,375,923 | 4,355,346 | |
Johns Lyng Group Ltd. | 721,288 | 2,586,559 | |
Lovisa Holdings Ltd. | 439,390 | 8,855,493 | |
National Storage REIT unit | 4,853,097 | 6,692,067 | |
Suncorp Group Ltd. | 1,163,294 | 12,424,464 | |
TOTAL AUSTRALIA | 57,163,761 | ||
Austria - 0.2% | |||
Wienerberger AG | 178,700 | 6,400,182 | |
Belgium - 0.9% | |||
Azelis Group NV | 232,768 | 5,624,003 | |
D'ieteren Group | 17,000 | 3,686,536 | |
UCB SA | 135,600 | 18,023,920 | |
TOTAL BELGIUM | 27,334,459 | ||
Canada - 2.7% | |||
ARC Resources Ltd. | 558,000 | 10,104,921 | |
Constellation Software, Inc. | 3,700 | 9,525,904 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 3,700 | 0 | |
Franco-Nevada Corp. | 55,500 | 6,681,045 | |
PrairieSky Royalty Ltd. | 2,744,700 | 52,296,140 | |
Quebecor, Inc. Class B (sub. vtg.) | 230,500 | 4,770,236 | |
TOTAL CANADA | 83,378,246 | ||
China - 0.9% | |||
BYD Co. Ltd. (H Shares) | 168,500 | 4,619,020 | |
Centre Testing International Group Co. Ltd. (A Shares) | 2,106,400 | 3,644,185 | |
Kweichow Moutai Co. Ltd. (A Shares) | 18,100 | 4,243,838 | |
Tencent Holdings Ltd. | 182,800 | 8,021,849 | |
ZTO Express, Inc. sponsored ADR | 306,000 | 6,422,940 | |
TOTAL CHINA | 26,951,832 | ||
Denmark - 2.4% | |||
Carlsberg A/S Series B | 50,300 | 6,765,997 | |
GN Store Nord A/S (a) | 447,475 | 12,203,456 | |
Novo Nordisk A/S: | |||
Series B | 225,300 | 28,892,993 | |
Series B sponsored ADR | 218,000 | 27,971,580 | |
TOTAL DENMARK | 75,834,026 | ||
Finland - 0.1% | |||
Nanoform Finland PLC (a)(c) | 675,916 | 1,550,876 | |
Olvi Oyj (A Shares) | 86,661 | 2,769,914 | |
TOTAL FINLAND | 4,320,790 | ||
France - 1.6% | |||
Capgemini SA | 39,700 | 8,344,189 | |
Dassault Aviation SA | 15,500 | 3,328,170 | |
L'Oreal SA | 34,400 | 16,140,290 | |
LVMH Moet Hennessy Louis Vuitton SE | 20,927 | 17,190,198 | |
Thales SA | 32,700 | 5,512,051 | |
TOTAL FRANCE | 50,514,898 | ||
Germany - 1.6% | |||
DHL Group | 238,911 | 10,003,187 | |
Infineon Technologies AG | 242,700 | 8,422,424 | |
Instone Real Estate Group BV (d) | 332,488 | 3,076,386 | |
Nexus AG | 46,000 | 2,538,015 | |
SAP SE | 100,200 | 18,092,818 | |
Stabilus Se | 144,286 | 8,961,754 | |
TOTAL GERMANY | 51,094,584 | ||
Greece - 0.1% | |||
Athens International Airport SA | 301,400 | 2,672,945 | |
Hong Kong - 0.7% | |||
AIA Group Ltd. | 761,327 | 5,576,232 | |
Hong Kong Exchanges and Clearing Ltd. | 170,174 | 5,407,181 | |
Prudential PLC | 1,366,086 | 11,881,329 | |
TOTAL HONG KONG | 22,864,742 | ||
Hungary - 0.1% | |||
Richter Gedeon PLC | 114,700 | 2,920,839 | |
India - 0.0% | |||
Pine Labs Private Ltd. (a)(b)(e) | 792 | 258,968 | |
Indonesia - 0.8% | |||
PT Bank Central Asia Tbk | 28,467,200 | 17,116,889 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 21,144,000 | 6,400,364 | |
TOTAL INDONESIA | 23,517,253 | ||
Ireland - 0.6% | |||
AIB Group PLC | 1,280,000 | 6,647,034 | |
Cairn Homes PLC | 3,188,000 | 5,401,715 | |
Irish Residential Properties REIT PLC | 5,266,267 | 5,569,579 | |
TOTAL IRELAND | 17,618,328 | ||
Israel - 0.3% | |||
NICE Ltd. (a) | 40,100 | 8,974,581 | |
Italy - 1.2% | |||
BFF Bank SpA (d) | 1,389,790 | 17,872,366 | |
Prysmian SpA | 249,500 | 13,627,514 | |
Recordati SpA | 129,400 | 6,911,689 | |
TOTAL ITALY | 38,411,569 | ||
Japan - 4.4% | |||
Capcom Co. Ltd. | 499,900 | 8,229,574 | |
DENSO Corp. | 50,000 | 852,156 | |
Fuji Electric Co. Ltd. | 94,100 | 5,853,390 | |
FUJIFILM Holdings Corp. | 529,476 | 11,263,272 | |
Hitachi Ltd. | 192,100 | 17,723,280 | |
Hoya Corp. | 63,443 | 7,355,570 | |
Katitas Co. Ltd. | 387,300 | 4,666,138 | |
Keyence Corp. | 27,940 | 12,287,170 | |
Mitsubishi Electric Corp. | 199,700 | 3,480,756 | |
NOF Corp. | 802,485 | 10,766,084 | |
NSD Co. Ltd. | 178,800 | 3,494,821 | |
Osaka Soda Co. Ltd. | 75,700 | 4,439,691 | |
PALTAC Corp. | 188,891 | 5,717,155 | |
Pan Pacific International Holdings Ltd. | 403,700 | 9,481,310 | |
Renesas Electronics Corp. | 962,931 | 15,633,909 | |
Shin-Etsu Chemical Co. Ltd. | 262,015 | 10,142,323 | |
USS Co. Ltd. | 649,200 | 4,959,430 | |
TOTAL JAPAN | 136,346,029 | ||
Kenya - 0.0% | |||
Safaricom Ltd. | 5,920,700 | 699,520 | |
Korea (South) - 0.2% | |||
HD Hyundai Marine Solution Co. Ltd. (f) | 7,800 | 469,357 | |
Samsung Electronics Co. Ltd. | 105,060 | 5,823,584 | |
TOTAL KOREA (SOUTH) | 6,292,941 | ||
Luxembourg - 0.1% | |||
Novem Group SA | 292,876 | 1,819,083 | |
Netherlands - 1.5% | |||
ASML Holding NV (Netherlands) | 27,800 | 24,704,677 | |
BE Semiconductor Industries NV | 39,800 | 5,330,557 | |
IMCD NV | 37,651 | 5,715,768 | |
Wolters Kluwer NV | 67,500 | 10,139,067 | |
TOTAL NETHERLANDS | 45,890,069 | ||
Norway - 0.4% | |||
TGS ASA | 1,137,149 | 13,021,142 | |
Spain - 0.3% | |||
CaixaBank SA | 1,697,900 | 8,953,976 | |
Puig Group SL Class B | 64,100 | 1,675,984 | |
TOTAL SPAIN | 10,629,960 | ||
Sweden - 4.0% | |||
Addlife AB | 1,031,824 | 9,606,289 | |
Autoliv, Inc. (depository receipt) | 109,277 | 12,934,278 | |
Dustin Group AB (a)(d) | 9,643,452 | 11,025,688 | |
Evolution AB (d) | 124,700 | 13,940,547 | |
Haypp Group (a) | 607,852 | 4,754,532 | |
Hemnet Group AB | 723,030 | 18,960,806 | |
HEXPOL AB (B Shares) | 850,359 | 9,722,445 | |
INVISIO AB | 283,212 | 6,257,679 | |
JM AB (B Shares) (c) | 240,500 | 4,133,307 | |
Kry International AB (a)(b)(e) | 489 | 14,889 | |
Munters Group AB (d) | 481,000 | 9,733,131 | |
Swedbank AB (A Shares) (c) | 727,850 | 14,028,106 | |
Swedish Logistic Property AB (a) | 2,542,254 | 7,681,850 | |
TOTAL SWEDEN | 122,793,547 | ||
Switzerland - 0.2% | |||
Galderma Group AG | 94,000 | 7,004,623 | |
Taiwan - 0.4% | |||
E Ink Holdings, Inc. | 1,806,000 | 11,525,631 | |
United Kingdom - 4.4% | |||
Baltic Classifieds Group PLC | 2,732,400 | 7,938,179 | |
Beazley PLC | 824,700 | 6,832,241 | |
Berkeley Group Holdings PLC | 133,700 | 7,875,436 | |
Diageo PLC | 334,973 | 11,576,559 | |
Flutter Entertainment PLC (a) | 91,700 | 17,101,623 | |
Games Workshop Group PLC | 74,800 | 9,262,514 | |
Harbour Energy PLC | 1,922,571 | 6,940,385 | |
Hiscox Ltd. | 1,199,747 | 18,439,470 | |
Lancashire Holdings Ltd. | 1,178,720 | 8,984,504 | |
London Stock Exchange Group PLC | 97,800 | 10,781,483 | |
RS GROUP PLC | 624,895 | 5,754,773 | |
Sabre Insurance Group PLC (d) | 6,755,301 | 13,573,267 | |
Softcat PLC | 324,200 | 6,356,084 | |
WH Smith PLC | 329,610 | 4,518,150 | |
TOTAL UNITED KINGDOM | 135,934,668 | ||
United States of America - 66.9% | |||
Alphabet, Inc. Class A | 555,000 | 90,342,900 | |
Amazon.com, Inc. (a) | 757,000 | 132,475,000 | |
Antero Resources Corp. (a) | 1,004,000 | 34,146,040 | |
Apple, Inc. | 41,000 | 6,983,530 | |
Arista Networks, Inc. (a) | 66,000 | 16,932,960 | |
Astera Labs, Inc. | 141,800 | 12,018,968 | |
Badger Meter, Inc. | 9,000 | 1,646,280 | |
Block, Inc. Class A (a) | 129,000 | 9,417,000 | |
Boston Scientific Corp. (a) | 381,000 | 27,382,470 | |
Boundless Bio, Inc. | 15,700 | 155,430 | |
Broadcom, Inc. | 47,000 | 61,112,690 | |
Builders FirstSource, Inc. (a) | 47,000 | 8,592,540 | |
Centuri Holdings, Inc. | 196,828 | 4,871,493 | |
CME Group, Inc. | 17,000 | 3,563,880 | |
Coinbase Global, Inc. (a) | 69,000 | 14,071,170 | |
Constellation Energy Corp. | 368,000 | 68,425,920 | |
Costco Wholesale Corp. | 5,000 | 3,614,500 | |
CSX Corp. | 873,000 | 29,001,060 | |
Deckers Outdoor Corp. (a) | 77,155 | 63,149,053 | |
Eaton Corp. PLC | 377,000 | 119,984,020 | |
Eli Lilly & Co. | 152,000 | 118,727,200 | |
Emerson Electric Co. | 31,000 | 3,341,180 | |
Fair Isaac Corp. (a) | 2,000 | 2,266,660 | |
Fiserv, Inc. (a) | 731,201 | 111,632,457 | |
Garmin Ltd. | 50,000 | 7,223,500 | |
Hubbell, Inc. Class B | 18,000 | 6,669,360 | |
Ingersoll Rand, Inc. | 246,000 | 22,956,720 | |
Jabil, Inc. | 160,220 | 18,803,419 | |
KBR, Inc. | 437,000 | 28,378,780 | |
KeyCorp | 2,864,000 | 41,499,360 | |
Leidos Holdings, Inc. | 63,000 | 8,833,860 | |
Marvell Technology, Inc. | 117,776 | 7,762,616 | |
Merck & Co., Inc. | 128,000 | 16,540,160 | |
Meta Platforms, Inc. Class A | 321,000 | 138,084,570 | |
Micron Technology, Inc. | 353,000 | 39,874,880 | |
Microsoft Corp. | 430,000 | 167,411,900 | |
Moderna, Inc. (a) | 68,000 | 7,501,080 | |
Modine Manufacturing Co. (a) | 682,000 | 63,173,660 | |
NRG Energy, Inc. | 59,000 | 4,287,530 | |
nVent Electric PLC | 127,000 | 9,152,890 | |
NVIDIA Corp. | 236,000 | 203,908,715 | |
Palantir Technologies, Inc. (a) | 122,000 | 2,680,340 | |
Parker Hannifin Corp. | 93,000 | 50,676,630 | |
Patrick Industries, Inc. | 45,000 | 4,702,050 | |
Pure Storage, Inc. Class A (a) | 253,200 | 12,761,280 | |
Range Resources Corp. | 352,000 | 12,640,320 | |
Regeneron Pharmaceuticals, Inc. (a) | 19,000 | 16,922,540 | |
RHI Magnesita NV | 83,122 | 3,759,916 | |
Rivian Automotive, Inc. (a) | 100 | 890 | |
S&P Global, Inc. | 52,628 | 21,884,301 | |
Skechers U.S.A., Inc. Class A (sub. vtg.) (a) | 10,900 | 719,945 | |
Southwest Gas Holdings, Inc. | 163,000 | 12,163,060 | |
Stripe, Inc. Class B (a)(b)(e) | 10,000 | 260,000 | |
Super Micro Computer, Inc. (a) | 3,000 | 2,576,400 | |
Tesla, Inc. (a) | 100 | 18,328 | |
The Walt Disney Co. | 94,000 | 10,443,400 | |
TopBuild Corp. (a) | 23,747 | 9,609,698 | |
Trane Technologies PLC | 47,000 | 14,914,980 | |
TransDigm Group, Inc. | 18,000 | 22,464,540 | |
Uber Technologies, Inc. (a) | 120,000 | 7,952,400 | |
United Rentals, Inc. | 50,000 | 33,399,500 | |
Vertiv Holdings Co. | 773,000 | 71,889,000 | |
Vistra Corp. | 99,000 | 7,508,160 | |
Watsco, Inc. | 7,000 | 3,134,040 | |
Western Digital Corp. (a) | 310,000 | 21,957,300 | |
TOTAL UNITED STATES OF AMERICA | 2,080,956,419 | ||
TOTAL COMMON STOCKS (Cost $2,151,142,170) | 3,073,145,635 | ||
Preferred Stocks - 0.2% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.2% | |||
China - 0.2% | |||
ByteDance Ltd. Series E1 (a)(b)(e) | 14,425 | 3,324,530 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(b)(e) | 138,905 | 684,802 | |
4,009,332 | |||
Ireland - 0.0% | |||
Circle Internet Financial Ltd. Series F (a)(b)(e) | 23,730 | 709,764 | |
United States of America - 0.0% | |||
Stripe, Inc. Series H (a)(b)(e) | 29,122 | 757,172 | |
TOTAL CONVERTIBLE PREFERRED STOCKS | 5,476,268 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
India - 0.0% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(b)(e) | 1,892 | 618,646 | |
Series A (a)(b)(e) | 473 | 154,662 | |
Series B (a)(b)(e) | 514 | 168,068 | |
Series B2 (a)(b)(e) | 416 | 136,024 | |
Series C (a)(b)(e) | 774 | 253,083 | |
Series C1 (a)(b)(e) | 163 | 53,298 | |
Series D (a)(b)(e) | 174 | 56,895 | |
1,440,676 | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(e) | 2,824 | 116,965 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 1,557,641 | ||
TOTAL PREFERRED STOCKS (Cost $8,655,877) | 7,033,909 | ||
Money Market Funds - 0.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 23,704,416 | 23,709,157 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 3,928,071 | 3,928,464 | |
TOTAL MONEY MARKET FUNDS (Cost $27,637,103) | 27,637,621 | ||
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $2,187,435,150) | 3,107,817,165 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 2,080,318 |
NET ASSETS - 100.0% | 3,109,897,483 |
(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 $69,221,385 or 2.2% 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 $7,567,766 or 0.2% of net assets. |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 19,652,388 | 635,908,487 | 631,851,529 | 862,306 | 2,757 | (2,946) | 23,709,157 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 3,365,800 | 91,261,738 | 90,699,074 | 148,852 | - | - | 3,928,464 | 0.0% |
Total | 23,018,188 | 727,170,225 | 722,550,603 | 1,011,158 | 2,757 | (2,946) | 27,637,621 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 306,201,234 | 271,239,611 | 31,637,093 | 3,324,530 |
Consumer Discretionary | 437,242,225 | 378,703,301 | 58,538,924 | - |
Consumer Staples | 46,787,082 | 22,524,704 | 24,262,378 | - |
Energy | 129,148,948 | 129,148,948 | - | - |
Financials | 367,696,838 | 288,445,156 | 78,541,918 | 709,764 |
Health Care | 300,690,076 | 263,756,711 | 36,248,563 | 684,802 |
Industrials | 573,723,502 | 529,962,788 | 43,760,714 | - |
Information Technology | 742,351,917 | 644,615,429 | 94,887,818 | 2,848,670 |
Materials | 56,267,032 | 26,563,588 | 29,703,444 | - |
Real Estate | 27,686,020 | 16,327,815 | 11,358,205 | - |
Utilities | 92,384,670 | 92,384,670 | - | - |
Money Market Funds | 27,637,621 | 27,637,621 | - | - |
Total Investments in Securities: | 3,107,817,165 | 2,691,310,342 | 408,939,057 | 7,567,766 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $3,724,764) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,159,798,047) | $ | 3,080,179,544 | ||
Fidelity Central Funds (cost $27,637,103) | 27,637,621 | |||
Total Investment in Securities (cost $2,187,435,150) | $ | 3,107,817,165 | ||
Foreign currency held at value (cost $438,090) | 438,618 | |||
Receivable for investments sold | 20,034,076 | |||
Receivable for fund shares sold | 1,749,848 | |||
Dividends receivable | 3,487,124 | |||
Reclaims receivable | 2,758,774 | |||
Distributions receivable from Fidelity Central Funds | 137,199 | |||
Prepaid expenses | 808 | |||
Other receivables | 77,347 | |||
Total assets | 3,136,500,959 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 17,820,092 | ||
Delayed delivery | 474,051 | |||
Payable for fund shares redeemed | 2,377,726 | |||
Accrued management fee | 1,907,437 | |||
Distribution and service plan fees payable | 36,744 | |||
Other payables and accrued expenses | 58,962 | |||
Collateral on securities loaned | 3,928,464 | |||
Total liabilities | 26,603,476 | |||
Net Assets | $ | 3,109,897,483 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,095,112,145 | ||
Total accumulated earnings (loss) | 1,014,785,338 | |||
Net Assets | $ | 3,109,897,483 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($96,237,375 ÷ 2,797,375 shares)(a) | $ | 34.40 | ||
Maximum offering price per share (100/94.25 of $34.40) | $ | 36.50 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($19,478,650 ÷ 572,001 shares)(a) | $ | 34.05 | ||
Maximum offering price per share (100/96.50 of $34.05) | $ | 35.28 | ||
Class C : | ||||
Net Asset Value and offering price per share ($9,502,141 ÷ 293,424 shares)(a) | $ | 32.38 | ||
Worldwide : | ||||
Net Asset Value, offering price and redemption price per share ($2,545,539,558 ÷ 72,639,398 shares) | $ | 35.04 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($52,132,427 ÷ 1,499,248 shares) | $ | 34.77 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($387,007,332 ÷ 11,152,883 shares) | $ | 34.70 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 21,402,053 | ||
Income from Fidelity Central Funds (including $148,852 from security lending) | 1,011,158 | |||
Income before foreign taxes withheld | $ | 22,413,211 | ||
Less foreign taxes withheld | (1,317,256) | |||
Total income | 21,095,955 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 9,865,343 | ||
Performance adjustment | (1,939,066) | |||
Transfer agent fees | 1,293,423 | |||
Distribution and service plan fees | 201,830 | |||
Accounting fees | 234,448 | |||
Custodian fees and expenses | 28,600 | |||
Independent trustees' fees and expenses | 6,620 | |||
Registration fees | 101,921 | |||
Audit | 44,593 | |||
Legal | 9,462 | |||
Miscellaneous | 4,931 | |||
Total expenses before reductions | 9,852,105 | |||
Expense reductions | (123,371) | |||
Total expenses after reductions | 9,728,734 | |||
Net Investment income (loss) | 11,367,221 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 100,478,373 | |||
Fidelity Central Funds | 2,757 | |||
Foreign currency transactions | (183,851) | |||
Total net realized gain (loss) | 100,297,279 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 556,129,527 | |||
Fidelity Central Funds | (2,946) | |||
Assets and liabilities in foreign currencies | (43,266) | |||
Total change in net unrealized appreciation (depreciation) | 556,083,315 | |||
Net gain (loss) | 656,380,594 | |||
Net increase (decrease) in net assets resulting from operations | $ | 667,747,815 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 11,367,221 | $ | 15,465,709 |
Net realized gain (loss) | 100,297,279 | 2,655,472 | ||
Change in net unrealized appreciation (depreciation) | 556,083,315 | 205,529,918 | ||
Net increase (decrease) in net assets resulting from operations | 667,747,815 | 223,651,099 | ||
Distributions to shareholders | (24,710,932) | (124,836,814) | ||
Share transactions - net increase (decrease) | 228,117,375 | 37,686,493 | ||
Total increase (decrease) in net assets | 871,154,258 | 136,500,778 | ||
Net Assets | ||||
Beginning of period | 2,238,743,225 | 2,102,242,447 | ||
End of period | $ | 3,109,897,483 | $ | 2,238,743,225 |
Fidelity Advisor® Worldwide Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.90 | $ | 25.75 | $ | 40.06 | $ | 31.49 | $ | 27.36 | $ | 26.57 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .08 | .11 | .09 | (.13) | (.05) | .11 | ||||||
Net realized and unrealized gain (loss) | 7.62 | 2.52 | (9.90) | 11.40 | 5.50 | 2.84 | ||||||
Total from investment operations | 7.70 | 2.63 | (9.81) | 11.27 | 5.45 | 2.95 | ||||||
Distributions from net investment income | (.20) | (.11) | (.07) | - | (.12) | (.02) | ||||||
Distributions from net realized gain | - | (1.37) | (4.43) | (2.70) | (1.20) | (2.14) | ||||||
Total distributions | (.20) | (1.48) | (4.50) | (2.70) | (1.32) | (2.16) | ||||||
Net asset value, end of period | $ | 34.40 | $ | 26.90 | $ | 25.75 | $ | 40.06 | $ | 31.49 | $ | 27.36 |
Total Return C,D,E | 28.75 % | 10.62% | (27.31)% | 37.72% | 20.72% | 12.35% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .97% H | .96% | 1.21% | 1.29% | 1.34% | 1.26% | ||||||
Expenses net of fee waivers, if any | .96 % H | .95% | 1.21% | 1.28% | 1.34% | 1.26% | ||||||
Expenses net of all reductions | .96% H | .95% | 1.21% | 1.28% | 1.33% | 1.25% | ||||||
Net investment income (loss) | .52% H | .41% | .28% | (.34)% | (.18)% | .41% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 96,237 | $ | 73,935 | $ | 68,608 | $ | 99,731 | $ | 63,690 | $ | 52,516 |
Portfolio turnover rate I | 86 % H | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 26.60 | $ | 25.44 | $ | 39.62 | $ | 31.19 | $ | 27.10 | $ | 26.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .04 | .01 | (.22) | (.13) | .03 | ||||||
Net realized and unrealized gain (loss) | 7.54 | 2.51 | (9.81) | 11.29 | 5.46 | 2.82 | ||||||
Total from investment operations | 7.58 | 2.55 | (9.80) | 11.07 | 5.33 | 2.85 | ||||||
Distributions from net investment income | (.13) | (.02) | - | - | (.04) | - | ||||||
Distributions from net realized gain | - | (1.37) | (4.38) | (2.64) | (1.20) | (2.14) | ||||||
Total distributions | (.13) | (1.39) | (4.38) | (2.64) | (1.24) | (2.14) | ||||||
Net asset value, end of period | $ | 34.05 | $ | 26.60 | $ | 25.44 | $ | 39.62 | $ | 31.19 | $ | 27.10 |
Total Return C,D,E | 28.57 % | 10.39% | (27.53)% | 37.37% | 20.40% | 12.05% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.22% H | 1.21% | 1.47% | 1.55% | 1.61% | 1.55% | ||||||
Expenses net of fee waivers, if any | 1.21 % H | 1.21% | 1.47% | 1.55% | 1.61% | 1.54% | ||||||
Expenses net of all reductions | 1.21% H | 1.20% | 1.47% | 1.55% | 1.61% | 1.54% | ||||||
Net investment income (loss) | .27% H | .15% | .02% | (.61)% | (.45)% | .13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 19,479 | $ | 16,051 | $ | 15,275 | $ | 22,771 | $ | 17,387 | $ | 13,066 |
Portfolio turnover rate I | 86 % H | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 25.25 | $ | 24.33 | $ | 38.05 | $ | 30.14 | $ | 26.33 | $ | 25.82 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.04) | (.10) | (.15) | (.39) | (.27) | (.10) | ||||||
Net realized and unrealized gain (loss) | 7.17 | 2.39 | (9.39) | 10.88 | 5.28 | 2.75 | ||||||
Total from investment operations | 7.13 | 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 | $ | 32.38 | $ | 25.25 | $ | 24.33 | $ | 38.05 | $ | 30.14 | $ | 26.33 |
Total Return C,D,E | 28.24 % | 9.76% | (27.89)% | 36.63% | 19.76% | 11.49% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.73% H | 1.76% | 2.00% | 2.08% | 2.14% | 2.06% | ||||||
Expenses net of fee waivers, if any | 1.72 % H | 1.75% | 2.00% | 2.08% | 2.14% | 2.06% | ||||||
Expenses net of all reductions | 1.72% H | 1.75% | 2.00% | 2.08% | 2.13% | 2.06% | ||||||
Net investment income (loss) | (.24)% H | (.39)% | (.51)% | (1.14)% | (.98)% | (.39)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 9,502 | $ | 7,292 | $ | 8,517 | $ | 13,602 | $ | 11,677 | $ | 10,618 |
Portfolio turnover rate I | 86 % H | 114% | 137% | 96% | 112% | 147% |
Fidelity® Worldwide Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.44 | $ | 26.26 | $ | 40.76 | $ | 31.97 | $ | 27.74 | $ | 26.90 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .19 | .18 | (.02) | .03 | .18 | ||||||
Net realized and unrealized gain (loss) | 7.76 | 2.57 | (10.09) | 11.58 | 5.58 | 2.89 | ||||||
Total from investment operations | 7.89 | 2.76 | (9.91) | 11.56 | 5.61 | 3.07 | ||||||
Distributions from net investment income | (.29) | (.21) | (.16) | (.02) | (.18) | (.09) | ||||||
Distributions from net realized gain | - | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | ||||||
Total distributions | (.29) | (1.58) | (4.59) | (2.77) | (1.38) | (2.23) | ||||||
Net asset value, end of period | $ | 35.04 | $ | 27.44 | $ | 26.26 | $ | 40.76 | $ | 31.97 | $ | 27.74 |
Total Return C,D | 28.94 % | 10.95% | (27.12)% | 38.11% | 21.07% | 12.71% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .68% G | .67% | .92% | 1.00% | 1.05% | .99% | ||||||
Expenses net of fee waivers, if any | .67 % G | .66% | .92% | 1.00% | 1.05% | .99% | ||||||
Expenses net of all reductions | .67% G | .66% | .92% | 1.00% | 1.05% | .98% | ||||||
Net investment income (loss) | .81% G | .70% | .57% | (.06)% | .11% | .69% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 2,545,540 | $ | 1,982,943 | $ | 1,899,788 | $ | 2,896,684 | $ | 2,217,129 | $ | 2,020,487 |
Portfolio turnover rate H | 86 % G | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.23 | $ | 26.04 | $ | 40.46 | $ | 31.77 | $ | 27.58 | $ | 26.77 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .13 | .19 | .17 | (.03) | .03 | .18 | ||||||
Net realized and unrealized gain (loss) | 7.70 | 2.56 | (10.01) | 11.49 | 5.55 | 2.86 | ||||||
Total from investment operations | 7.83 | 2.75 | (9.84) | 11.46 | 5.58 | 3.04 | ||||||
Distributions from net investment income | (.29) | (.19) | (.16) | (.02) | (.19) | (.09) | ||||||
Distributions from net realized gain | - | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | ||||||
Total distributions | (.29) | (1.56) | (4.58) C | (2.77) | (1.39) | (2.23) | ||||||
Net asset value, end of period | $ | 34.77 | $ | 27.23 | $ | 26.04 | $ | 40.46 | $ | 31.77 | $ | 27.58 |
Total Return D,E | 28.92 % | 10.97% | (27.13)% | 38.06% | 21.08% | 12.70% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .70% H | .67% | .94% | 1.02% | 1.06% | .99% | ||||||
Expenses net of fee waivers, if any | .69 % H | .67% | .93% | 1.02% | 1.06% | .99% | ||||||
Expenses net of all reductions | .69% H | .67% | .93% | 1.02% | 1.05% | .98% | ||||||
Net investment income (loss) | .79% H | .69% | .56% | (.08)% | .10% | .69% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 52,132 | $ | 41,289 | $ | 33,226 | $ | 86,852 | $ | 64,615 | $ | 44,754 |
Portfolio turnover rate I | 86 % H | 114% | 137% | 96% | 112% | 147% |
Fidelity Advisor® Worldwide Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 27.20 | $ | 26.05 | $ | 40.48 | $ | 31.76 | $ | 27.59 | $ | 26.78 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .22 | .21 | .02 | .07 | .22 | ||||||
Net realized and unrealized gain (loss) | 7.70 | 2.55 | (10.01) | 11.50 | 5.53 | 2.86 | ||||||
Total from investment operations | 7.84 | 2.77 | (9.80) | 11.52 | 5.60 | 3.08 | ||||||
Distributions from net investment income | (.34) | (.25) | (.20) | (.05) | (.23) | (.13) | ||||||
Distributions from net realized gain | - | (1.37) | (4.43) | (2.75) | (1.20) | (2.14) | ||||||
Total distributions | (.34) | (1.62) | (4.63) | (2.80) | (1.43) | (2.27) | ||||||
Net asset value, end of period | $ | 34.70 | $ | 27.20 | $ | 26.05 | $ | 40.48 | $ | 31.76 | $ | 27.59 |
Total Return C,D | 29.02 % | 11.10% | (27.05)% | 38.27% | 21.19% | 12.85% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .63% G | .55% | .81% | .90% | .93% | .85% | ||||||
Expenses net of fee waivers, if any | .62 % G | .55% | .81% | .90% | .93% | .84% | ||||||
Expenses net of all reductions | .62% G | .55% | .81% | .90% | .93% | .84% | ||||||
Net investment income (loss) | .86% G | .81% | .68% | .04% | .23% | .83% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 387,007 | $ | 117,232 | $ | 76,829 | $ | 115,963 | $ | 71,278 | $ | 205,197 |
Portfolio turnover rate H | 86 % G | 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 | $1,000,487,721 |
Gross unrealized depreciation | (90,461,746) |
Net unrealized appreciation (depreciation) | $910,025,975 |
Tax cost | $2,197,791,190 |
Purchases ($) | Sales ($) | |
Fidelity Worldwide Fund | 1,403,926,522 | 1,188,808,289 |
Maximum Management Fee Rate % | |
Class A | .83 |
Class M | .84 |
Class C | .84 |
Worldwide | .79 |
Class I | .81 |
Class Z | .69 |
Total Management Fee Rate % | |
Class A | .82 |
Class M | .82 |
Class C | .82 |
Worldwide | .78 |
Class I | .81 |
Class Z | .69 |
Performance Adjustment Index | |
Fidelity Worldwide Fund | MSCI World Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 111,729 | 1,859 |
Class M | .25% | .25% | 46,472 | 234 |
Class C | .75% | .25% | 43,629 | 5,888 |
201,830 | 7,981 |
Retained by FDC ($) | |
Class A | 25,295 |
Class M | 869 |
Class CA | 58 |
26,222 |
% of Class-Level Average Net Assets | |
Class A | 0.1905 |
Class M | 0.1969 |
Class C | 0.2000 |
Worldwide | 0.1475 |
Class I | 0.1651 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 53,765 | .19 |
Class M | 11,658 | .20 |
Class C | 5,732 | .21 |
Worldwide | 1,163,784 | .15 |
Class I | 26,422 | .17 |
Class Z | 32,062 | .04 |
1,293,423 |
% of Average Net Assets | |
Fidelity Worldwide Fund | .0263 |
% of Average Net Assets | |
Fidelity Worldwide Fund | .03 |
Amount ($) | |
Fidelity Worldwide Fund | 15,320 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Worldwide Fund | 67,920,045 | 97,219,467 | 6,709,239 |
Amount ($) | |
Fidelity Worldwide Fund | 2,504 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Worldwide Fund | 15,758 | - | - |
Expense reduction ($) | |
Class M | 40 |
40 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Worldwide Fund | ||
Distributions to shareholders | ||
Class A | $552,792 | $3,905,043 |
Class M | 75,550 | 825,955 |
Class C | - | 473,638 |
Worldwide | 21,114,973 | 112,981,740 |
Class I | 439,298 | 1,950,914 |
Class Z | 2,528,319 | 4,699,524 |
Total | $ 24,710,932 | $ 124,836,814 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Worldwide Fund | ||||
Class A | ||||
Shares sold | 247,110 | 398,646 | $8,062,366 | $10,809,786 |
Reinvestment of distributions | 18,512 | 153,659 | 547,574 | 3,866,062 |
Shares redeemed | (216,417) | (469,022) | (6,968,598) | (12,647,071) |
Net increase (decrease) | 49,205 | 83,283 | $1,641,342 | $2,028,777 |
Class M | ||||
Shares sold | 23,688 | 50,411 | $776,138 | $1,331,408 |
Reinvestment of distributions | 2,570 | 32,920 | 75,321 | 820,689 |
Shares redeemed | (57,699) | (80,267) | (1,817,392) | (2,112,561) |
Net increase (decrease) | (31,441) | 3,064 | $(965,933) | $39,536 |
Class C | ||||
Shares sold | 43,497 | 30,402 | $1,330,799 | $765,161 |
Reinvestment of distributions | - | 19,902 | - | 473,280 |
Shares redeemed | (38,894) | (111,594) | (1,167,774) | (2,847,983) |
Net increase (decrease) | 4,603 | (61,290) | $163,025 | $(1,609,542) |
Worldwide | ||||
Shares sold | 7,280,675 | 6,385,600 | $239,646,154 | $176,715,594 |
Reinvestment of distributions | 660,086 | 4,190,088 | 19,906,749 | 107,266,234 |
Shares redeemed | (7,556,869) | (10,673,714) | (252,056,521) | (292,505,585) |
Net increase (decrease) | 383,892 | (98,026) | $7,496,382 | $(8,523,757) |
Class I | ||||
Shares sold | 228,986 | 817,991 | $7,649,651 | $22,120,908 |
Reinvestment of distributions | 14,127 | 75,801 | 422,756 | 1,925,343 |
Shares redeemed | (260,198) | (653,340) | (8,906,972) | (17,772,257) |
Net increase (decrease) | (17,085) | 240,452 | $(834,565) | $6,273,994 |
Class Z | ||||
Shares sold | 7,292,074 | 1,882,153 | $235,526,790 | $54,181,206 |
Reinvestment of distributions | 83,334 | 176,768 | 2,489,237 | 4,481,057 |
Shares redeemed | (531,789) | (699,310) | (17,398,903) | (19,184,778) |
Net increase (decrease) | 6,843,619 | 1,359,611 | $220,617,124 | $39,477,485 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Diversified International Fund | ||||||||||
Fidelity® Diversified International Fund | .61% | |||||||||
Actual | $ 1,000 | $ 1,186.90 | $ 3.32 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.83 | $ 3.07 | |||||||
Class K | .49% | |||||||||
Actual | $ 1,000 | $ 1,187.40 | $ 2.66 | |||||||
Hypothetical-B | $ 1,000 | $ 1,022.43 | $ 2.46 | |||||||
Fidelity® International Capital Appreciation Fund ** | .91% | |||||||||
Actual | $ 1,000 | $ 1,216.70 | $ 5.02 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.34 | $ 4.57 | |||||||
Fidelity® Overseas Fund | ||||||||||
Fidelity® Overseas Fund | .74% | |||||||||
Actual | $ 1,000 | $ 1,207.50 | $ 4.06 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.18 | $ 3.72 | |||||||
Class K | .64% | |||||||||
Actual | $ 1,000 | $ 1,208.20 | $ 3.51 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.68 | $ 3.22 | |||||||
Fidelity® Worldwide Fund | ||||||||||
Class A | .96% | |||||||||
Actual | $ 1,000 | $ 1,287.50 | $ 5.46 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.09 | $ 4.82 | |||||||
Class M | 1.21% | |||||||||
Actual | $ 1,000 | $ 1,285.70 | $ 6.88 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.85 | $ 6.07 | |||||||
Class C | 1.72% | |||||||||
Actual | $ 1,000 | $ 1,282.40 | $ 9.76 | |||||||
Hypothetical-B | $ 1,000 | $ 1,016.31 | $ 8.62 | |||||||
Fidelity® Worldwide Fund | .67% | |||||||||
Actual | $ 1,000 | $ 1,289.40 | $ 3.81 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.53 | $ 3.37 | |||||||
Class I | .69% | |||||||||
Actual | $ 1,000 | $ 1,289.20 | $ 3.93 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.43 | $ 3.47 | |||||||
Class Z ** | .62% | |||||||||
Actual | $ 1,000 | $ 1,290.20 | $ 3.53 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.78 | $ 3.12 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® International Capital Appreciation Fund | .85% | |||||
Actual | $ 4.69 | |||||
Hypothetical- B | $ 4.27 | |||||
Fidelity® Worldwide Fund | ||||||
Class Z | .56% | |||||
Actual | $ 3.19 | |||||
Hypothetical- B | $ 2.82 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.6 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 2.7 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 2.3 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 2.1 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 1.8 | |
Linde PLC (United States of America, Chemicals) | 1.6 | |
Canadian Pacific Kansas City Ltd. (Canada, Ground Transportation) | 1.5 | |
Shell PLC ADR (United States of America, Oil, Gas & Consumable Fuels) | 1.5 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 1.3 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 1.2 | |
19.6 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 21.6 | |
Industrials | 19.4 | |
Information Technology | 16.3 | |
Consumer Discretionary | 10.7 | |
Materials | 10.6 | |
Energy | 6.4 | |
Health Care | 5.3 | |
Communication Services | 4.4 | |
Consumer Staples | 2.2 | |
Real Estate | 0.3 | |
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 - 95.8% | |||
Shares | Value ($) | ||
Australia - 2.5% | |||
BHP Group Ltd. | 76,303 | 2,092,695 | |
Commonwealth Bank of Australia | 5,371 | 393,531 | |
Glencore PLC | 300,352 | 1,747,617 | |
Imdex Ltd. | 54,721 | 73,385 | |
Macquarie Group Ltd. | 7,987 | 956,352 | |
Paladin Energy Ltd. (Australia) (a) | 93,875 | 833,117 | |
Steadfast Group Ltd. | 26,314 | 95,768 | |
Woodside Energy Group Ltd. | 31,644 | 566,966 | |
TOTAL AUSTRALIA | 6,759,431 | ||
Belgium - 0.7% | |||
Azelis Group NV | 18,963 | 458,173 | |
KBC Ancora | 3,021 | 146,209 | |
KBC Group NV | 10,268 | 765,965 | |
UCB SA | 4,522 | 601,063 | |
TOTAL BELGIUM | 1,971,410 | ||
Brazil - 0.6% | |||
Localiza Rent a Car SA | 269 | 2,540 | |
Suzano SA | 96,710 | 1,088,793 | |
XP, Inc. Class A | 28,248 | 578,237 | |
TOTAL BRAZIL | 1,669,570 | ||
Canada - 6.8% | |||
Barrick Gold Corp. | 112,765 | 1,876,410 | |
CAE, Inc. (a) | 61,625 | 1,188,944 | |
Cameco Corp. | 23,170 | 1,057,137 | |
Canadian Natural Resources Ltd. | 15,965 | 1,209,798 | |
Canadian Pacific Kansas City Ltd. | 51,958 | 4,076,173 | |
Constellation Software, Inc. | 821 | 2,113,721 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 921 | 0 | |
Franco-Nevada Corp. | 10,738 | 1,292,632 | |
McCoy Global, Inc. | 7,000 | 9,763 | |
Nutrien Ltd. | 16,669 | 878,947 | |
Osisko Gold Royalties Ltd. | 5,879 | 90,321 | |
Pason Systems, Inc. | 8,425 | 95,777 | |
Richelieu Hardware Ltd. | 30,530 | 861,577 | |
Suncor Energy, Inc. | 41,159 | 1,570,539 | |
The Toronto-Dominion Bank | 35,467 | 2,104,086 | |
TOTAL CANADA | 18,425,825 | ||
Chile - 0.6% | |||
Antofagasta PLC | 60,884 | 1,681,315 | |
China - 9.5% | |||
Alibaba Group Holding Ltd. | 208,932 | 1,956,244 | |
China Life Insurance Co. Ltd. (H Shares) | 1,690,374 | 2,226,093 | |
Chlitina Holding Ltd. | 9,200 | 52,918 | |
Chlitina Holding Ltd. rights 5/13/24 (a) | 277 | 272 | |
Haier Smart Home Co. Ltd. (A Shares) | 673,400 | 2,801,559 | |
Hansoh Pharmaceutical Group Co. Ltd. (c) | 674,778 | 1,491,054 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 2,459,996 | 1,319,120 | |
Kweichow Moutai Co. Ltd. (A Shares) | 6,700 | 1,570,923 | |
Meituan Class B (a)(c) | 151,696 | 2,071,338 | |
New Oriental Education & Technology Group, Inc. (a) | 161,871 | 1,286,221 | |
PDD Holdings, Inc. ADR (a) | 8,771 | 1,097,954 | |
Shangri-La Asia Ltd. | 887,393 | 618,949 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 138,200 | 1,133,373 | |
Tencent Holdings Ltd. | 167,191 | 7,336,876 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 104,841 | 755,526 | |
TOTAL CHINA | 25,718,420 | ||
Denmark - 1.9% | |||
Novo Nordisk A/S Series B | 38,199 | 4,898,728 | |
Spar Nord Bank A/S | 5,121 | 90,859 | |
TOTAL DENMARK | 4,989,587 | ||
Egypt - 0.0% | |||
Integrated Diagnostics Holdings PLC (a)(c) | 57,949 | 17,790 | |
Finland - 0.4% | |||
Kone OYJ (B Shares) | 8,704 | 425,432 | |
Mandatum Holding OY | 15,224 | 70,707 | |
Sampo Oyj (A Shares) | 15,722 | 636,241 | |
TOTAL FINLAND | 1,132,380 | ||
France - 8.0% | |||
Air Liquide SA | 5,257 | 1,028,157 | |
Airbus Group NV | 15,422 | 2,537,810 | |
ALTEN | 2,867 | 338,705 | |
AXA SA | 55,327 | 1,915,419 | |
BNP Paribas SA | 19,576 | 1,408,725 | |
Capgemini SA | 3,484 | 732,271 | |
Edenred SA | 20,512 | 973,247 | |
Laurent-Perrier Group SA | 343 | 44,658 | |
Lectra | 10,752 | 367,185 | |
Legrand SA | 11,347 | 1,166,092 | |
LISI | 1,912 | 50,196 | |
LVMH Moet Hennessy Louis Vuitton SE | 3,995 | 3,281,638 | |
Safran SA | 14,877 | 3,225,810 | |
TotalEnergies SE | 39,128 | 2,840,643 | |
Vetoquinol SA | 1,238 | 124,589 | |
VINCI SA | 7,247 | 849,175 | |
Vivendi SA | 64,074 | 654,121 | |
TOTAL FRANCE | 21,538,441 | ||
Germany - 5.4% | |||
Bayer AG | 6,578 | 191,998 | |
Bayerische Motoren Werke AG (BMW) | 6,092 | 666,067 | |
Covestro AG (a)(c) | 4,122 | 206,665 | |
CTS Eventim AG | 4,903 | 435,342 | |
Deutsche Borse AG | 4,662 | 898,796 | |
DHL Group | 17,037 | 713,338 | |
Fresenius SE & Co. KGaA | 15,131 | 451,654 | |
Hannover Reuck SE | 3,759 | 932,297 | |
Infineon Technologies AG | 8,643 | 299,938 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2,202 | 968,659 | |
Nexus AG | 1,420 | 78,347 | |
Rheinmetall AG | 4,013 | 2,214,999 | |
RWE AG | 19,870 | 692,182 | |
SAP SE | 17,688 | 3,193,870 | |
Scout24 AG (c) | 1,301 | 95,940 | |
Siemens AG | 10,426 | 1,953,140 | |
Stabilus Se | 867 | 53,850 | |
Vonovia SE | 18,812 | 543,592 | |
TOTAL GERMANY | 14,590,674 | ||
Greece - 0.8% | |||
Athens International Airport SA | 5,000 | 44,342 | |
National Bank of Greece SA (a) | 252,340 | 2,035,887 | |
TOTAL GREECE | 2,080,229 | ||
Hong Kong - 0.7% | |||
AIA Group Ltd. | 79,300 | 580,822 | |
Pacific Basin Shipping Ltd. | 2,273,143 | 787,094 | |
Prudential PLC | 71,948 | 625,757 | |
TOTAL HONG KONG | 1,993,673 | ||
Hungary - 0.5% | |||
Richter Gedeon PLC | 49,772 | 1,267,445 | |
India - 3.5% | |||
Axis Bank Ltd. | 84,275 | 1,175,984 | |
Bharat Heavy Electricals Ltd. | 213,641 | 718,425 | |
HDFC Bank Ltd. | 90,769 | 1,647,950 | |
ICICI Bank Ltd. | 92,288 | 1,271,270 | |
Jio Financial Services Ltd. | 2,800 | 12,605 | |
JK Cement Ltd. | 13,714 | 655,834 | |
Kotak Mahindra Bank Ltd. | 15,849 | 307,944 | |
Larsen & Toubro Ltd. | 24,637 | 1,058,743 | |
Reliance Industries Ltd. | 7,800 | 273,735 | |
Reliance Industries Ltd. GDR (c) | 13,515 | 955,511 | |
Shree Cement Ltd. | 130 | 38,049 | |
Solar Industries India Ltd. | 8,878 | 951,747 | |
Zomato Ltd. (a) | 110,691 | 255,394 | |
TOTAL INDIA | 9,323,191 | ||
Indonesia - 0.1% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 1,256,388 | 380,313 | |
Ireland - 0.3% | |||
AerCap Holdings NV (a) | 1,469 | 124,116 | |
Bank of Ireland Group PLC | 54,478 | 584,005 | |
Cairn Homes PLC | 29,504 | 49,991 | |
Irish Residential Properties REIT PLC | 43,251 | 45,742 | |
TOTAL IRELAND | 803,854 | ||
Israel - 0.3% | |||
Ituran Location & Control Ltd. | 3,644 | 93,578 | |
NICE Ltd. sponsored ADR (a) | 3,042 | 679,917 | |
Tel Aviv Stock Exchange Ltd. | 7,200 | 47,703 | |
TOTAL ISRAEL | 821,198 | ||
Italy - 2.1% | |||
Eni SpA | 82,393 | 1,323,371 | |
Interpump Group SpA | 14,603 | 640,204 | |
Mediobanca SpA | 64,885 | 924,424 | |
Prada SpA | 89,500 | 729,901 | |
Prysmian SpA | 10,046 | 548,705 | |
Ryanair Holdings PLC sponsored ADR | 5,726 | 779,881 | |
UniCredit SpA | 21,286 | 781,289 | |
TOTAL ITALY | 5,727,775 | ||
Japan - 11.9% | |||
Ai Holdings Corp. | 1,750 | 26,916 | |
Artnature, Inc. | 5,300 | 25,502 | |
Aucnet, Inc. | 3,000 | 49,374 | |
Azbil Corp. | 42,839 | 1,196,493 | |
Broadleaf Co. Ltd. | 22,600 | 82,328 | |
Central Automotive Products Ltd. | 1,600 | 58,568 | |
Curves Holdings Co. Ltd. | 23,700 | 111,311 | |
Daiichi Sankyo Kabushiki Kaisha | 4,175 | 140,521 | |
Daiichikosho Co. Ltd. | 4,000 | 46,690 | |
Daikokutenbussan Co. Ltd. | 800 | 40,904 | |
DENSO Corp. | 61,004 | 1,039,699 | |
Digital Hearts Holdings Co. Ltd. | 7,900 | 48,103 | |
Eisai Co. Ltd. | 5,880 | 241,486 | |
Elan Corp. | 7,900 | 45,351 | |
Fast Retailing Co. Ltd. | 931 | 243,428 | |
FUJIFILM Holdings Corp. | 34,600 | 736,028 | |
Fujitec Co. Ltd. | 4,000 | 98,654 | |
Fujitsu Ltd. | 42,659 | 659,003 | |
Funai Soken Holdings, Inc. | 2,650 | 40,092 | |
Goldcrest Co. Ltd. | 6,560 | 105,742 | |
Hitachi Ltd. | 26,276 | 2,424,242 | |
Hoya Corp. | 9,590 | 1,111,863 | |
Ibiden Co. Ltd. | 7,552 | 287,078 | |
INPEX Corp. | 33,594 | 503,231 | |
Itochu Corp. | 36,354 | 1,640,102 | |
Keyence Corp. | 5,584 | 2,455,675 | |
Koshidaka Holdings Co. Ltd. | 19,200 | 105,037 | |
Kusuri No Aoki Holdings Co. Ltd. | 2,900 | 54,069 | |
Lasertec Corp. | 6,450 | 1,391,300 | |
LY Corp. | 67,344 | 161,803 | |
Medikit Co. Ltd. | 2,300 | 41,117 | |
Minebea Mitsumi, Inc. | 14,796 | 277,134 | |
Miroku Jyoho Service Co., Ltd. | 2,600 | 27,967 | |
Misumi Group, Inc. | 24,724 | 401,959 | |
Mitsubishi Heavy Industries Ltd. | 100,940 | 902,516 | |
Mitsubishi UFJ Financial Group, Inc. | 181,563 | 1,808,614 | |
Mitsuboshi Belting Ltd. | 900 | 27,604 | |
Nagaileben Co. Ltd. | 6,400 | 95,473 | |
Nihon Parkerizing Co. Ltd. | 16,100 | 123,811 | |
NOF Corp. | 17,415 | 233,638 | |
NS Tool Co. Ltd. | 6,100 | 35,686 | |
NSD Co. Ltd. | 5,500 | 107,503 | |
OBIC Co. Ltd. | 1,250 | 160,583 | |
ORIX Corp. | 45,848 | 938,298 | |
Paramount Bed Holdings Co. Ltd. | 2,400 | 40,892 | |
ProNexus, Inc. | 4,800 | 34,933 | |
Recruit Holdings Co. Ltd. | 36,700 | 1,580,572 | |
Renesas Electronics Corp. | 50,972 | 827,569 | |
San-Ai Obbli Co. Ltd. | 4,000 | 52,475 | |
Shin-Etsu Chemical Co. Ltd. | 34,165 | 1,322,491 | |
SHO-BOND Holdings Co. Ltd. | 17,980 | 694,332 | |
Shoei Co. Ltd. | 2,000 | 25,624 | |
SK Kaken Co. Ltd. | 2,200 | 110,792 | |
SoftBank Group Corp. | 10,133 | 498,347 | |
Software Service, Inc. | 800 | 68,478 | |
Sony Group Corp. | 3,622 | 299,363 | |
Sumitomo Mitsui Financial Group, Inc. | 26,218 | 1,489,282 | |
Suzuki Motor Corp. | 55,383 | 644,979 | |
Techno Medica Co. Ltd. | 500 | 5,522 | |
The Monogatari Corp. | 3,160 | 85,378 | |
TIS, Inc. | 13,137 | 280,561 | |
Tocalo Co. Ltd. | 5,600 | 64,529 | |
Tokio Marine Holdings, Inc. | 36,958 | 1,168,109 | |
Toyota Motor Corp. | 89,504 | 2,041,461 | |
USS Co. Ltd. | 42,200 | 322,378 | |
YAKUODO Holdings Co. Ltd. | 4,000 | 72,666 | |
YONEX Co. Ltd. | 3,700 | 29,505 | |
TOTAL JAPAN | 32,112,734 | ||
Korea (South) - 3.8% | |||
BGF Retail Co. Ltd. | 631 | 59,321 | |
HD Hyundai Marine Solution Co. Ltd. (d) | 200 | 12,035 | |
Hd Hyundai Mipo (a) | 14,756 | 792,344 | |
Hyundai Motor Co. Ltd. | 5,136 | 921,257 | |
Korea Aerospace Industries Ltd. | 40,244 | 1,494,293 | |
Samsung Biologics Co. Ltd. (a)(c) | 1,267 | 710,133 | |
Samsung Electronics Co. Ltd. | 114,103 | 6,324,846 | |
TOTAL KOREA (SOUTH) | 10,314,229 | ||
Luxembourg - 0.1% | |||
ArcelorMittal SA (Netherlands) | 14,716 | 370,479 | |
Mexico - 0.6% | |||
Grupo Financiero Banorte S.A.B. de CV Series O | 76,309 | 755,261 | |
Wal-Mart de Mexico SA de CV Series V | 212,078 | 791,327 | |
TOTAL MEXICO | 1,546,588 | ||
Netherlands - 3.0% | |||
Aalberts Industries NV | 13,075 | 626,798 | |
ASML Holding NV (Netherlands) | 6,474 | 5,753,168 | |
BE Semiconductor Industries NV | 4,653 | 623,193 | |
IMCD NV | 5,431 | 824,476 | |
Universal Music Group NV | 10,768 | 318,318 | |
TOTAL NETHERLANDS | 8,145,953 | ||
Norway - 0.1% | |||
Kongsberg Gruppen ASA | 4,065 | 287,626 | |
Medistim ASA | 1,929 | 31,518 | |
TOTAL NORWAY | 319,144 | ||
Peru - 0.5% | |||
Credicorp Ltd. (United States) | 8,831 | 1,462,502 | |
Poland - 0.4% | |||
Powszechna Kasa Oszczednosci Bank SA | 79,500 | 1,189,639 | |
Russia - 0.1% | |||
LUKOIL PJSC sponsored ADR (a)(b) | 15,040 | 189,504 | |
Sberbank of Russia sponsored ADR (a)(b) | 62,556 | 1,114 | |
Yandex NV Series A (a)(b) | 15,421 | 178,884 | |
TOTAL RUSSIA | 369,502 | ||
Singapore - 0.3% | |||
United Overseas Bank Ltd. | 39,748 | 882,040 | |
South Africa - 1.6% | |||
Anglo American PLC (United Kingdom) | 26,856 | 877,586 | |
FirstRand Ltd. | 348,928 | 1,204,553 | |
Impala Platinum Holdings Ltd. | 212,900 | 947,736 | |
MTN Group Ltd. | 251,234 | 1,204,116 | |
Thungela Resources Ltd. | 4,647 | 31,995 | |
TOTAL SOUTH AFRICA | 4,265,986 | ||
Spain - 1.2% | |||
Amadeus IT Holding SA Class A | 9,257 | 587,578 | |
Banco Santander SA (Spain) (e) | 413,878 | 2,019,851 | |
Cellnex Telecom SA (c) | 9,784 | 323,407 | |
Fluidra SA | 1,501 | 31,877 | |
Unicaja Banco SA (c) | 147,836 | 193,585 | |
TOTAL SPAIN | 3,156,298 | ||
Sweden - 3.3% | |||
Addlife AB | 4,162 | 38,748 | |
AddTech AB (B Shares) | 22,156 | 468,034 | |
ASSA ABLOY AB (B Shares) (e) | 39,516 | 1,044,069 | |
Atlas Copco AB (A Shares) | 168,615 | 2,953,475 | |
Autoliv, Inc. | 6,783 | 812,536 | |
Bergman & Beving AB (B Shares) | 5,200 | 105,459 | |
Epiroc AB (A Shares) | 53,837 | 995,305 | |
Hemnet Group AB | 5,515 | 144,626 | |
Investor AB (B Shares) | 56,107 | 1,386,587 | |
INVISIO AB | 4,173 | 92,204 | |
John Mattson Fastighetsforetagen AB (a) | 10,132 | 51,118 | |
Lagercrantz Group AB (B Shares) | 51,594 | 767,328 | |
TOTAL SWEDEN | 8,859,489 | ||
Switzerland - 1.6% | |||
Schindler Holding AG: | |||
(participation certificate) | 1,917 | 479,641 | |
(Reg.) | 107 | 26,132 | |
Swiss Life Holding AG | 867 | 585,702 | |
Tecan Group AG | 294 | 104,583 | |
UBS Group AG | 35,290 | 931,725 | |
UBS Group AG | 42,597 | 1,143,729 | |
Zurich Insurance Group Ltd. | 2,402 | 1,160,694 | |
TOTAL SWITZERLAND | 4,432,206 | ||
Taiwan - 5.2% | |||
Addcn Technology Co. Ltd. | 12,354 | 75,950 | |
Asia Vital Components Co. Ltd. | 40,363 | 794,774 | |
ECLAT Textile Co. Ltd. | 74,231 | 1,165,885 | |
HIWIN Technologies Corp. | 150,445 | 1,061,976 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 408,852 | 9,772,052 | |
Yageo Corp. | 61,403 | 1,169,149 | |
TOTAL TAIWAN | 14,039,786 | ||
United Kingdom - 6.6% | |||
AstraZeneca PLC (United Kingdom) | 6,864 | 1,038,173 | |
B&M European Value Retail SA | 38,769 | 251,423 | |
BAE Systems PLC | 208,813 | 3,473,023 | |
Barratt Developments PLC | 145,568 | 827,074 | |
Beazley PLC | 51,346 | 425,377 | |
Bodycote PLC | 22,668 | 197,141 | |
Clarkson PLC | 1,639 | 79,565 | |
Compass Group PLC | 65,316 | 1,816,681 | |
DP Poland PLC (a) | 175,000 | 24,054 | |
Flutter Entertainment PLC (a) | 1,867 | 348,187 | |
Games Workshop Group PLC | 550 | 68,107 | |
Howden Joinery Group PLC | 19,094 | 209,004 | |
HSBC Holdings PLC (United Kingdom) | 71,732 | 621,770 | |
Imperial Brands PLC | 22,705 | 518,813 | |
InterContinental Hotel Group PLC ADR | 15,974 | 1,571,043 | |
JD Sports Fashion PLC | 171,714 | 248,037 | |
Lloyds Banking Group PLC | 1,406,368 | 907,647 | |
London Stock Exchange Group PLC | 13,632 | 1,502,793 | |
Oxford Instruments PLC | 2,000 | 56,480 | |
Rightmove PLC | 57,260 | 368,479 | |
Rolls-Royce Holdings PLC (a) | 97,312 | 499,018 | |
Sage Group PLC | 39,703 | 578,463 | |
Spectris PLC | 29,093 | 1,210,560 | |
Spirax-Sarco Engineering PLC | 450 | 49,735 | |
Standard Chartered PLC (United Kingdom) | 102,537 | 880,951 | |
Unite Group PLC | 4,500 | 52,181 | |
TOTAL UNITED KINGDOM | 17,823,779 | ||
United States of America - 10.8% | |||
CRH PLC | 33,636 | 2,604,099 | |
CRH PLC | 19,385 | 1,510,517 | |
Experian PLC | 39,805 | 1,605,493 | |
Ferguson PLC | 2,848 | 603,559 | |
GSK PLC | 68,249 | 1,415,957 | |
Linde PLC | 9,854 | 4,345,220 | |
Marsh & McLennan Companies, Inc. | 8,881 | 1,771,138 | |
MasterCard, Inc. Class A | 3,526 | 1,590,931 | |
Microsoft Corp. | 2,200 | 856,526 | |
Moody's Corp. | 3,732 | 1,382,072 | |
Morningstar, Inc. | 984 | 278,128 | |
Nestle SA (Reg. S) | 19,628 | 1,970,655 | |
Otis Worldwide Corp. | 6,094 | 555,773 | |
PriceSmart, Inc. | 3,242 | 261,273 | |
S&P Global, Inc. | 3,211 | 1,335,230 | |
Shell PLC ADR | 55,600 | 3,984,296 | |
Sherwin-Williams Co. | 4,965 | 1,487,564 | |
Visa, Inc. Class A | 5,900 | 1,584,799 | |
TOTAL UNITED STATES OF AMERICA | 29,143,230 | ||
TOTAL COMMON STOCKS (Cost $206,221,740) | 259,326,105 | ||
Preferred Stocks - 1.5% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.1% | |||
ByteDance Ltd. Series E1 (a)(b)(f) | 577 | 132,981 | |
Nonconvertible Preferred Stocks - 1.4% | |||
Brazil - 1.2% | |||
Gerdau SA sponsored ADR | 287,899 | 1,001,889 | |
Itau Unibanco Holding SA | 167,623 | 1,012,336 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 76,186 | 1,292,876 | |
3,307,101 | |||
Germany - 0.2% | |||
Porsche Automobil Holding SE (Germany) | 11,074 | 564,237 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 3,871,338 | ||
TOTAL PREFERRED STOCKS (Cost $3,517,621) | 4,004,319 | ||
Money Market Funds - 3.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 5,838,343 | 5,839,511 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 2,774,793 | 2,775,071 | |
TOTAL MONEY MARKET FUNDS (Cost $8,614,578) | 8,614,582 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $218,353,939) | 271,945,006 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (1,254,309) |
NET ASSETS - 100.0% | 270,690,697 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $6,065,423 or 2.2% of net assets. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Security or a portion of the security is on loan at period end. |
(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 $132,981 or 0.0% of net assets. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 5,162,285 | 40,815,150 | 40,137,864 | 165,141 | (61) | 1 | 5,839,511 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 21,697 | 10,976,984 | 8,223,610 | 1,995 | - | - | 2,775,071 | 0.0% |
Total | 5,183,982 | 51,792,134 | 48,361,474 | 167,136 | (61) | 1 | 8,614,582 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 11,975,880 | 2,016,826 | 9,647,189 | 311,865 |
Consumer Discretionary | 29,077,460 | 5,964,473 | 23,112,987 | - |
Consumer Staples | 6,218,827 | 1,097,258 | 5,121,569 | - |
Energy | 16,790,734 | 10,207,692 | 6,393,538 | 189,504 |
Financials | 58,470,721 | 32,983,231 | 25,486,376 | 1,114 |
Health Care | 14,252,483 | 2,907,735 | 11,344,748 | - |
Industrials | 52,402,542 | 16,106,156 | 36,296,386 | - |
Information Technology | 44,012,831 | 13,438,824 | 30,574,007 | - |
Materials | 28,638,389 | 18,434,851 | 10,203,538 | - |
Real Estate | 798,375 | 149,041 | 649,334 | - |
Utilities | 692,182 | - | 692,182 | - |
Money Market Funds | 8,614,582 | 8,614,582 | - | - |
Total Investments in Securities: | 271,945,006 | 111,920,669 | 159,521,854 | 502,483 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $2,554,943) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $209,739,361) | $ | 263,330,424 | ||
Fidelity Central Funds (cost $8,614,578) | 8,614,582 | |||
Total Investment in Securities (cost $218,353,939) | $ | 271,945,006 | ||
Cash | 55,557 | |||
Foreign currency held at value (cost $315,228) | 315,098 | |||
Receivable for investments sold | 735,365 | |||
Receivable for fund shares sold | 154,113 | |||
Dividends receivable | 854,671 | |||
Reclaims receivable | 281,312 | |||
Distributions receivable from Fidelity Central Funds | 27,726 | |||
Prepaid expenses | 83 | |||
Other receivables | 18,541 | |||
Total assets | 274,387,472 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 334,490 | ||
Delayed delivery | 12,155 | |||
Payable for fund shares redeemed | 37,521 | |||
Accrued management fee | 204,937 | |||
Distribution and service plan fees payable | 12,338 | |||
Deferred taxes | 254,400 | |||
Other payables and accrued expenses | 65,863 | |||
Collateral on securities loaned | 2,775,071 | |||
Total liabilities | 3,696,775 | |||
Net Assets | $ | 270,690,697 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 225,985,784 | ||
Total accumulated earnings (loss) | 44,704,913 | |||
Net Assets | $ | 270,690,697 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($21,650,174 ÷ 1,930,829 shares)(a) | $ | 11.21 | ||
Maximum offering price per share (100/94.25 of $11.21) | $ | 11.89 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($12,284,835 ÷ 1,087,706 shares)(a) | $ | 11.29 | ||
Maximum offering price per share (100/96.50 of $11.29) | $ | 11.70 | ||
Class C : | ||||
Net Asset Value and offering price per share ($3,037,887 ÷ 270,935 shares)(a) | $ | 11.21 | ||
Total International Equity : | ||||
Net Asset Value, offering price and redemption price per share ($135,580,362 ÷ 12,048,077 shares) | $ | 11.25 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($65,890,808 ÷ 5,879,687 shares) | $ | 11.21 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($32,246,631 ÷ 2,859,283 shares) | $ | 11.28 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 2,944,423 | ||
Income from Fidelity Central Funds (including $1,995 from security lending) | 167,136 | |||
Income before foreign taxes withheld | $ | 3,111,559 | ||
Less foreign taxes withheld | (257,215) | |||
Total income | 2,854,344 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 944,357 | ||
Performance adjustment | 50,706 | |||
Transfer agent fees | 137,711 | |||
Distribution and service plan fees | 70,415 | |||
Accounting fees | 41,953 | |||
Custodian fees and expenses | 45,570 | |||
Independent trustees' fees and expenses | 631 | |||
Registration fees | 44,409 | |||
Audit | 56,616 | |||
Legal | 1,264 | |||
Miscellaneous | 483 | |||
Total expenses before reductions | 1,394,115 | |||
Expense reductions | (34,901) | |||
Total expenses after reductions | 1,359,214 | |||
Net Investment income (loss) | 1,495,130 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $196,696) | 1,577,747 | |||
Fidelity Central Funds | (61) | |||
Foreign currency transactions | (23,165) | |||
Total net realized gain (loss) | 1,554,521 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $91,311) | 39,516,862 | |||
Fidelity Central Funds | 1 | |||
Assets and liabilities in foreign currencies | (7,865) | |||
Total change in net unrealized appreciation (depreciation) | 39,508,998 | |||
Net gain (loss) | 41,063,519 | |||
Net increase (decrease) in net assets resulting from operations | $ | 42,558,649 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 1,495,130 | $ | 3,409,289 |
Net realized gain (loss) | 1,554,521 | (5,236,290) | ||
Change in net unrealized appreciation (depreciation) | 39,508,998 | 20,080,804 | ||
Net increase (decrease) in net assets resulting from operations | 42,558,649 | 18,253,803 | ||
Distributions to shareholders | (3,300,481) | (1,806,040) | ||
Share transactions - net increase (decrease) | 8,730,976 | 52,136,162 | ||
Total increase (decrease) in net assets | 47,989,144 | 68,583,925 | ||
Net Assets | ||||
Beginning of period | 222,701,553 | 154,117,628 | ||
End of period | $ | 270,690,697 | $ | 222,701,553 |
Fidelity Advisor® Total International Equity Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.56 | $ | 8.56 | $ | 12.48 | $ | 9.60 | $ | 9.34 | $ | 8.20 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .05 | .13 | .15 | .11 C | .05 | .14 | ||||||
Net realized and unrealized gain (loss) | 1.72 | .95 | (3.10) | 3.03 | .35 | 1.05 | ||||||
Total from investment operations | 1.77 | 1.08 | (2.95) | 3.14 | .40 | 1.19 | ||||||
Distributions from net investment income | (.12) | (.08) | (.19) | (.06) | (.14) | (.05) | ||||||
Distributions from net realized gain | - | - | (.77) | (.20) | - | - | ||||||
Total distributions | (.12) | (.08) | (.97) D | (.26) | (.14) | (.05) | ||||||
Net asset value, end of period | $ | 11.21 | $ | 9.56 | $ | 8.56 | $ | 12.48 | $ | 9.60 | $ | 9.34 |
Total Return E,F,G | 18.59 % | 12.66% | (25.44)% | 33.04% | 4.31% | 14.63% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.31% J | 1.39% | 1.56% | 1.60% | 1.66% | 1.51% | ||||||
Expenses net of fee waivers, if any | 1.27 % J | 1.29% | 1.30% | 1.34% | 1.39% | 1.45% | ||||||
Expenses net of all reductions | 1.27% J | 1.29% | 1.30% | 1.34% | 1.37% | 1.44% | ||||||
Net investment income (loss) | .93% J | 1.33% | 1.55% | .91% C | .58% | 1.55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 21,650 | $ | 17,343 | $ | 12,786 | $ | 8,642 | $ | 6,091 | $ | 7,249 |
Portfolio turnover rate K | 28 % J | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.62 | $ | 8.61 | $ | 12.53 | $ | 9.65 | $ | 9.38 | $ | 8.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .11 | .13 | .08 C | .03 | .11 | ||||||
Net realized and unrealized gain (loss) | 1.72 | .95 | (3.12) | 3.04 | .36 | 1.07 | ||||||
Total from investment operations | 1.76 | 1.06 | (2.99) | 3.12 | .39 | 1.18 | ||||||
Distributions from net investment income | (.09) | (.05) | (.15) | (.04) | (.12) | (.02) | ||||||
Distributions from net realized gain | - | - | (.77) | (.20) | - | - | ||||||
Total distributions | (.09) | (.05) | (.93) D | (.24) | (.12) | (.02) | ||||||
Net asset value, end of period | $ | 11.29 | $ | 9.62 | $ | 8.61 | $ | 12.53 | $ | 9.65 | $ | 9.38 |
Total Return E,F,G | 18.41 % | 12.34% | (25.59)% | 32.63% | 4.13% | 14.38% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 1.56% J | 1.66% | 1.80% | 1.83% | 1.90% | 1.76% | ||||||
Expenses net of fee waivers, if any | 1.51 % J | 1.54% | 1.55% | 1.59% | 1.64% | 1.70% | ||||||
Expenses net of all reductions | 1.51% J | 1.54% | 1.55% | 1.59% | 1.62% | 1.69% | ||||||
Net investment income (loss) | .68% J | 1.09% | 1.29% | .65% C | .33% | 1.30% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 12,285 | $ | 10,624 | $ | 9,876 | $ | 12,936 | $ | 10,620 | $ | 11,733 |
Portfolio turnover rate K | 28 % J | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.53 | $ | 8.53 | $ | 12.41 | $ | 9.57 | $ | 9.30 | $ | 8.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | .06 | .08 | .02 C | (.02) | .07 | ||||||
Net realized and unrealized gain (loss) | 1.72 | .95 | (3.11) | 3.02 | .36 | 1.06 | ||||||
Total from investment operations | 1.73 | 1.01 | (3.03) | 3.04 | .34 | 1.13 | ||||||
Distributions from net investment income | (.05) | (.01) | (.07) | - | (.07) | - | ||||||
Distributions from net realized gain | - | - | (.77) | (.20) | - | - | ||||||
Total distributions | (.05) | (.01) | (.85) D | (.20) | (.07) | - | ||||||
Net asset value, end of period | $ | 11.21 | $ | 9.53 | $ | 8.53 | $ | 12.41 | $ | 9.57 | $ | 9.30 |
Total Return E,F,G | 18.16 % | 11.82% | (26.04)% | 32.00% | 3.62% | 13.83% | ||||||
Ratios to Average Net Assets B,H,I | ||||||||||||
Expenses before reductions | 2.06% J | 2.18% | 2.34% | 2.40% | 2.46% | 2.33% | ||||||
Expenses net of fee waivers, if any | 2.02 % J | 2.04% | 2.05% | 2.10% | 2.14% | 2.20% | ||||||
Expenses net of all reductions | 2.02% J | 2.04% | 2.05% | 2.10% | 2.12% | 2.19% | ||||||
Net investment income (loss) | .18% J | .58% | .79% | .15% C | (.17)% | .80% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,038 | $ | 2,475 | $ | 1,893 | $ | 1,982 | $ | 1,827 | $ | 2,203 |
Portfolio turnover rate K | 28 % J | 28% | 31% | 39% | 37% | 69% |
Fidelity® Total International Equity Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.60 | $ | 8.60 | $ | 12.54 | $ | 9.64 | $ | 9.37 | $ | 8.23 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .16 | .18 | .14 C | .08 | .16 | ||||||
Net realized and unrealized gain (loss) | 1.73 | .94 | (3.12) | 3.04 | .35 | 1.06 | ||||||
Total from investment operations | 1.79 | 1.10 | (2.94) | 3.18 | .43 | 1.22 | ||||||
Distributions from net investment income | (.14) | (.10) | (.23) | (.08) | (.16) | (.08) | ||||||
Distributions from net realized gain | - | - | (.77) | (.20) | - | - | ||||||
Total distributions | (.14) | (.10) | (1.00) | (.28) | (.16) | (.08) | ||||||
Net asset value, end of period | $ | 11.25 | $ | 9.60 | $ | 8.60 | $ | 12.54 | $ | 9.64 | $ | 9.37 |
Total Return D,E | 18.82 % | 12.80% | (25.25)% | 33.37% | 4.65% | 14.97% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.03% H | 1.11% | 1.23% | 1.27% | 1.34% | 1.20% | ||||||
Expenses net of fee waivers, if any | 1.01 % H | 1.04% | 1.05% | 1.09% | 1.14% | 1.20% | ||||||
Expenses net of all reductions | 1.01% H | 1.04% | 1.05% | 1.09% | 1.12% | 1.19% | ||||||
Net investment income (loss) | 1.18% H | 1.58% | 1.79% | 1.16% C | .83% | 1.81% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 135,580 | $ | 108,561 | $ | 86,458 | $ | 82,604 | $ | 61,362 | $ | 70,251 |
Portfolio turnover rate I | 28 % H | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.56 | $ | 8.56 | $ | 12.49 | $ | 9.60 | $ | 9.35 | $ | 8.19 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .16 | .17 | .14 C | .08 | .16 | ||||||
Net realized and unrealized gain (loss) | 1.73 | .94 | (3.10) | 3.03 | .34 | 1.07 | ||||||
Total from investment operations | 1.79 | 1.10 | (2.93) | 3.17 | .42 | 1.23 | ||||||
Distributions from net investment income | (.14) | (.10) | (.23) | (.08) | (.17) | (.07) | ||||||
Distributions from net realized gain | - | - | (.77) | (.20) | - | - | ||||||
Total distributions | (.14) | (.10) | (1.00) | (.28) | (.17) | (.07) | ||||||
Net asset value, end of period | $ | 11.21 | $ | 9.56 | $ | 8.56 | $ | 12.49 | $ | 9.60 | $ | 9.35 |
Total Return D,E | 18.90 % | 12.86% | (25.28)% | 33.40% | 4.50% | 15.11% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.02% H | 1.09% | 1.22% | 1.26% | 1.33% | 1.18% | ||||||
Expenses net of fee waivers, if any | .99 % H | 1.04% | 1.04% | 1.06% | 1.14% | 1.18% | ||||||
Expenses net of all reductions | .99% H | 1.04% | 1.04% | 1.06% | 1.13% | 1.17% | ||||||
Net investment income (loss) | 1.20% H | 1.58% | 1.80% | 1.18% C | .82% | 1.82% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 65,891 | $ | 57,299 | $ | 35,423 | $ | 5,714 | $ | 2,073 | $ | 3,086 |
Portfolio turnover rate I | 28 % H | 28% | 31% | 39% | 37% | 69% |
Fidelity Advisor® Total International Equity Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 9.63 | $ | 8.61 | $ | 12.53 | $ | 9.62 | $ | 9.36 | $ | 8.22 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .17 | .19 | .16 C | .09 | .18 | ||||||
Net realized and unrealized gain (loss) | 1.73 | .95 | (3.11) | 3.03 | .35 | 1.05 | ||||||
Total from investment operations | 1.80 | 1.12 | (2.92) | 3.19 | .44 | 1.23 | ||||||
Distributions from net investment income | (.15) | (.10) | (.23) | (.08) | (.18) | (.09) | ||||||
Distributions from net realized gain | - | - | (.77) | (.20) | - | - | ||||||
Total distributions | (.15) | (.10) | (1.00) | (.28) | (.18) | (.09) | ||||||
Net asset value, end of period | $ | 11.28 | $ | 9.63 | $ | 8.61 | $ | 12.53 | $ | 9.62 | $ | 9.36 |
Total Return D,E | 18.88 % | 13.04% | (25.09)% | 33.54% | 4.74% | 15.13% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .91% H | .95% | 1.10% | 1.16% | 1.22% | 1.09% | ||||||
Expenses net of fee waivers, if any | .86 % H | .89% | .90% | .94% | .98% | 1.04% | ||||||
Expenses net of all reductions | .86% H | .89% | .90% | .94% | .97% | 1.03% | ||||||
Net investment income (loss) | 1.33% H | 1.74% | 1.94% | 1.31% C | .99% | 1.97% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 32,247 | $ | 26,401 | $ | 7,681 | $ | 5,752 | $ | 3,422 | $ | 3,815 |
Portfolio turnover rate I | 28 % H | 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 | $64,884,284 |
Gross unrealized depreciation | (12,855,226) |
Net unrealized appreciation (depreciation) | $52,029,058 |
Tax cost | $219,915,948 |
Short-term | $(4,386,318) |
Long-term | (4,085,728) |
Total capital loss carryforward | $(8,472,046) |
Purchases ($) | Sales ($) | |
Fidelity Total International Equity Fund | 40,263,157 | 35,767,343 |
Maximum Management Fee Rate % | |
Class A | .88 |
Class M | .88 |
Class C | .88 |
Total International Equity | .87 |
Class I | .85 |
Class Z | .72 |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
Total International Equity | .83 |
Class I | .85 |
Class Z | .72 |
Performance Adjustment Index | |
Fidelity Total International Equity Fund | MSCI All Country World ex USA Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 25,682 | 551 |
Class M | .25% | .25% | 29,982 | 128 |
Class C | .75% | .25% | 14,751 | 4,432 |
70,415 | 5,111 |
Retained by FDC ($) | |
Class A | 3,353 |
Class M | 284 |
Class CA | 27 |
3,664 |
% 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% |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 13,490 | .20 |
Class M | 8,049 | .21 |
Class C | 2,032 | .21 |
Total International Equity | 74,318 | .18 |
Class I | 35,680 | .16 |
Class Z | 4,142 | .04 |
137,711 |
% of Average Net Assets | |
Fidelity Total International Equity Fund | 0.0497% |
% of Average Net Assets | |
Fidelity Total International Equity Fund | .05 |
Amount ($) | |
Fidelity Total International Equity Fund | 154 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Total International Equity Fund | 983,451 | 602,835 | 81,175 |
Amount ($) | |
Fidelity Total International Equity Fund | 234 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Total International Equity Fund | 222 | - | - |
Expense Limitations | Reimbursement ($) | |
Class A | 1.20% | 3,963 |
Class M | 1.45% | 2,250 |
Class C | 1.95% | 559 |
Total International Equity | .95% | 6,252 |
Class I | .95% | 5,295 |
Class Z | .80% | 5,052 |
23,371 |
Expense reduction ($) | |
Class M | 19 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Total International Equity Fund | ||
Distributions to shareholders | ||
Class A | $214,708 | $136,043 |
Class M | 103,563 | 60,649 |
Class C | 12,847 | 1,760 |
Total International Equity | 1,657,937 | 1,034,854 |
Class I | 886,527 | 451,131 |
Class Z | 424,899 | 121,603 |
Total | $3,300,481 | $1,806,040 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Total International Equity Fund | ||||
Class A | ||||
Shares sold | 247,667 | 883,201 | $2,664,241 | $8,694,442 |
Reinvestment of distributions | 20,725 | 14,206 | 213,883 | 135,808 |
Shares redeemed | (152,186) | (575,856) | (1,659,761) | (5,858,395) |
Net increase (decrease) | 116,206 | 321,551 | $1,218,363 | $2,971,855 |
Class M | ||||
Shares sold | 55,306 | 117,155 | $605,704 | $1,168,097 |
Reinvestment of distributions | 9,958 | 6,291 | 103,562 | 60,649 |
Shares redeemed | (82,426) | (165,757) | (897,177) | (1,635,862) |
Net increase (decrease) | (17,162) | (42,311) | $(187,911) | $(407,116) |
Class C | ||||
Shares sold | 26,478 | 113,803 | $269,196 | $1,148,641 |
Reinvestment of distributions | 1,241 | 183 | 12,847 | 1,757 |
Shares redeemed | (16,504) | (76,111) | (176,797) | (745,659) |
Net increase (decrease) | 11,215 | 37,875 | $105,246 | $404,739 |
Total International Equity | ||||
Shares sold | 1,834,508 | 4,599,531 | $19,791,706 | $45,831,869 |
Reinvestment of distributions | 144,359 | 97,973 | 1,492,669 | 939,562 |
Shares redeemed | (1,234,387) | (3,448,548) | (13,345,666) | (34,371,636) |
Net increase (decrease) | 744,480 | 1,248,956 | $7,938,709 | $12,399,795 |
Class I | ||||
Shares sold | 1,214,116 | 3,922,899 | $12,855,245 | $39,216,121 |
Reinvestment of distributions | 85,453 | 46,910 | 880,163 | 447,992 |
Shares redeemed | (1,410,818) | (2,115,326) | (15,301,935) | (21,232,217) |
Net increase (decrease) | (111,249) | 1,854,483 | $(1,566,527) | $18,431,896 |
Class Z | ||||
Shares sold | 1,033,147 | 2,772,393 | $11,334,260 | $27,649,951 |
Reinvestment of distributions | 37,496 | 10,898 | 388,454 | 104,625 |
Shares redeemed | (953,770) | (933,308) | (10,499,618) | (9,419,583) |
Net increase (decrease) | 116,873 | 1,849,983 | $1,223,096 | $18,334,993 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Total International Equity Fund | ||||||||||
Class A | 1.27% | |||||||||
Actual | $ 1,000 | $ 1,185.90 | $ 6.90 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.55 | $ 6.37 | |||||||
Class M | 1.51% | |||||||||
Actual | $ 1,000 | $ 1,184.10 | $ 8.20 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.35 | $ 7.57 | |||||||
Class C | 2.02% | |||||||||
Actual | $ 1,000 | $ 1,181.60 | $ 10.96 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.82 | $ 10.12 | |||||||
Fidelity® Total International Equity Fund ** | 1.01% | |||||||||
Actual | $ 1,000 | $ 1,188.20 | $ 5.50 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.84 | $ 5.07 | |||||||
Class I | .99% | |||||||||
Actual | $ 1,000 | $ 1,189.00 | $ 5.39 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.94 | $ 4.97 | |||||||
Class Z | .86% | |||||||||
Actual | $ 1,000 | $ 1,188.80 | $ 4.68 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.59 | $ 4.32 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Total International Equity Fund | ||||||
Fidelity® Total International Equity Fund | .96% | |||||
Actual | $ 5.22 | |||||
Hypothetical- B | $ 4.82 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.6 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.5 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.5 | |
UniCredit SpA (Italy, Banks) | 2.5 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.4 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
L'Oreal SA (France, Personal Care Products) | 1.9 | |
Constellation Software, Inc. (Canada, Software) | 1.8 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 1.8 | |
Rheinmetall AG (Germany, Aerospace & Defense) | 1.7 | |
23.8 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 19.4 | |
Financials | 19.4 | |
Industrials | 18.5 | |
Consumer Discretionary | 12.9 | |
Health Care | 11.0 | |
Materials | 5.3 | |
Consumer Staples | 4.1 | |
Energy | 3.5 | |
Communication Services | 2.1 | |
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 - 97.0% | |||
Shares | Value ($) | ||
Australia - 2.0% | |||
Aristocrat Leisure Ltd. | 74,241 | 1,894,629 | |
CAR Group Ltd. | 160,963 | 3,490,244 | |
IperionX Ltd. (a)(b) | 1,372,311 | 1,856,175 | |
National Storage REIT unit | 2,634,454 | 3,632,720 | |
Steadfast Group Ltd. | 493,532 | 1,796,171 | |
TOTAL AUSTRALIA | 12,669,939 | ||
Bailiwick of Jersey - 0.4% | |||
JTC PLC (c) | 263,567 | 2,815,858 | |
Belgium - 1.2% | |||
UCB SA | 59,714 | 7,937,171 | |
Brazil - 1.3% | |||
MercadoLibre, Inc. (a) | 3,695 | 5,389,897 | |
Nu Holdings Ltd. (a) | 272,718 | 2,961,717 | |
TOTAL BRAZIL | 8,351,614 | ||
Canada - 4.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 85,614 | 4,745,105 | |
Cameco Corp. | 71,645 | 3,268,821 | |
Canadian Natural Resources Ltd. | 125,438 | 9,505,460 | |
Constellation Software, Inc. | 4,541 | 11,691,116 | |
Constellation Software, Inc. warrants 3/31/40 (a)(d) | 4,032 | 0 | |
Definity Financial Corp. | 37,441 | 1,248,079 | |
Lumine Group, Inc. (a) | 11,697 | 320,411 | |
TOTAL CANADA | 30,778,992 | ||
China - 0.1% | |||
Chervon Holdings Ltd. | 325,605 | 790,752 | |
Denmark - 3.6% | |||
Novo Nordisk A/S Series B | 180,276 | 23,119,004 | |
France - 11.8% | |||
Air Liquide SA | 50,438 | 9,864,594 | |
Airbus Group NV | 39,726 | 6,537,222 | |
AXA SA | 287,906 | 9,967,297 | |
BNP Paribas SA | 72,860 | 5,243,141 | |
EssilorLuxottica SA | 29,373 | 6,294,451 | |
Hermes International SCA | 2,666 | 6,404,444 | |
L'Oreal SA | 25,298 | 11,869,682 | |
LVMH Moet Hennessy Louis Vuitton SE | 16,478 | 13,535,628 | |
Safran SA | 23,160 | 5,021,830 | |
TOTAL FRANCE | 74,738,289 | ||
Germany - 6.4% | |||
adidas AG | 14,408 | 3,481,176 | |
Merck KGaA | 26,378 | 4,193,032 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 12,565 | 5,527,342 | |
Nexus AG | 22,732 | 1,254,221 | |
Rheinmetall AG | 19,907 | 10,987,785 | |
SAP SE | 42,829 | 7,733,506 | |
Siemens AG | 34,073 | 6,383,017 | |
Siemens Healthineers AG (c) | 23,693 | 1,313,953 | |
Talanx AG | 73 | 5,508 | |
TOTAL GERMANY | 40,879,540 | ||
Hong Kong - 0.3% | |||
AIA Group Ltd. | 245,190 | 1,795,859 | |
Hungary - 0.3% | |||
Richter Gedeon PLC | 68,212 | 1,737,020 | |
India - 3.1% | |||
Avenue Supermarts Ltd. (a)(c) | 35,781 | 1,973,834 | |
Computer Age Management Services Private Ltd. | 55,070 | 2,110,134 | |
Delhivery Private Ltd. (a) | 203,400 | 1,093,181 | |
HDFC Bank Ltd. | 324,330 | 5,888,349 | |
HDFC Bank Ltd. sponsored ADR | 58,285 | 3,357,216 | |
Larsen & Toubro Ltd. | 59,355 | 2,550,704 | |
Lenskart Solutions Pvt Ltd. (d)(e) | 24,000 | 661,395 | |
Sona Blw Precision Forgings Ltd. (c) | 200,172 | 1,495,844 | |
Star Health & Allied Insurance Co. Ltd. (a) | 52,750 | 361,118 | |
TOTAL INDIA | 19,491,775 | ||
Ireland - 1.9% | |||
Cairn Homes PLC | 1,840,643 | 3,118,767 | |
Dalata Hotel Group PLC | 787,138 | 3,544,942 | |
Kingspan Group PLC (Ireland) | 58,293 | 5,216,333 | |
TOTAL IRELAND | 11,880,042 | ||
Israel - 0.4% | |||
NICE Ltd. sponsored ADR (a) | 10,190 | 2,277,567 | |
Italy - 5.1% | |||
BFF Bank SpA (c) | 251,563 | 3,235,040 | |
Davide Campari Milano NV | 233,703 | 2,349,422 | |
Ferrari NV | 10,156 | 4,221,849 | |
FinecoBank SpA | 126,560 | 1,950,336 | |
Prysmian SpA | 73,525 | 4,015,884 | |
Recordati SpA | 16,012 | 855,255 | |
Ryanair Holdings PLC | 3,200 | 68,186 | |
UniCredit SpA | 425,108 | 15,603,318 | |
TOTAL ITALY | 32,299,290 | ||
Japan - 17.5% | |||
Capcom Co. Ltd. | 179,588 | 2,956,457 | |
Daiichi Sankyo Kabushiki Kaisha | 125,292 | 4,217,042 | |
Disco Corp. | 8,249 | 2,349,693 | |
Fast Retailing Co. Ltd. | 21,071 | 5,509,415 | |
Fuji Electric Co. Ltd. | 78,923 | 4,909,321 | |
Hitachi Ltd. | 163,714 | 15,104,368 | |
Hoya Corp. | 73,714 | 8,546,388 | |
Itochu Corp. | 188,758 | 8,515,774 | |
JTOWER, Inc. (a) | 39,750 | 811,871 | |
Keyence Corp. | 8,858 | 3,895,481 | |
Mitsubishi Heavy Industries Ltd. | 401,340 | 3,588,428 | |
Mitsubishi UFJ Financial Group, Inc. | 582,350 | 5,800,996 | |
ORIX Corp. | 302,956 | 6,200,121 | |
Pan Pacific International Holdings Ltd. | 141,277 | 3,318,036 | |
Renesas Electronics Corp. | 504,966 | 8,198,503 | |
Shin-Etsu Chemical Co. Ltd. | 234,639 | 9,082,627 | |
Sony Group Corp. | 86,295 | 7,132,400 | |
Sumitomo Mitsui Financial Group, Inc. | 76,792 | 4,362,078 | |
TIS, Inc. | 69,144 | 1,476,679 | |
Tokio Marine Holdings, Inc. | 123,220 | 3,894,540 | |
Visional, Inc. (a) | 26,804 | 1,223,020 | |
TOTAL JAPAN | 111,093,238 | ||
Kazakhstan - 0.2% | |||
Kaspi.KZ JSC ADR | 9,049 | 1,065,610 | |
Korea (South) - 2.3% | |||
HD Hyundai Marine Solution Co. Ltd. (f) | 1,600 | 96,278 | |
Samsung Electronics Co. Ltd. | 202,920 | 11,248,064 | |
SK Hynix, Inc. | 24,927 | 3,067,522 | |
TOTAL KOREA (SOUTH) | 14,411,864 | ||
Luxembourg - 0.1% | |||
CVC Capital Partners PLC | 20,500 | 371,919 | |
Netherlands - 7.2% | |||
ASML Holding NV (Netherlands) | 24,858 | 22,090,247 | |
BE Semiconductor Industries NV | 56,804 | 7,607,964 | |
IMCD NV | 17,795 | 2,701,445 | |
ING Groep NV (Certificaten Van Aandelen) | 228,774 | 3,616,979 | |
Topicus.Com, Inc. | 7,663 | 624,496 | |
Universal Music Group NV | 69,178 | 2,045,001 | |
Wolters Kluwer NV | 48,213 | 7,241,998 | |
TOTAL NETHERLANDS | 45,928,130 | ||
Spain - 1.1% | |||
CaixaBank SA | 1,135,827 | 5,989,851 | |
Cie Automotive SA | 4,097 | 108,871 | |
Puig Group SL Class B | 24,000 | 627,514 | |
TOTAL SPAIN | 6,726,236 | ||
Sweden - 2.7% | |||
ASSA ABLOY AB (B Shares) | 101,110 | 2,671,470 | |
Indutrade AB | 198,515 | 4,651,063 | |
Investor AB (B Shares) | 249,545 | 6,167,070 | |
Kry International AB (a)(d)(e) | 71 | 2,162 | |
Lagercrantz Group AB (B Shares) | 234,564 | 3,488,534 | |
TOTAL SWEDEN | 16,980,299 | ||
Switzerland - 0.8% | |||
Partners Group Holding AG | 3,967 | 5,133,257 | |
Taiwan - 2.5% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 661,609 | 15,813,246 | |
United Kingdom - 11.8% | |||
3i Group PLC | 235,973 | 8,430,714 | |
AstraZeneca PLC (United Kingdom) | 71,727 | 10,848,634 | |
BAE Systems PLC | 621,331 | 10,334,112 | |
Big Yellow Group PLC | 132,389 | 1,786,608 | |
Cab Payments Holdings Ltd. (b) | 300,267 | 499,014 | |
Compass Group PLC | 358,526 | 9,971,944 | |
DCC PLC (United Kingdom) | 226 | 15,490 | |
Diageo PLC | 47,973 | 1,657,931 | |
Flutter Entertainment PLC (a) | 21,602 | 4,028,672 | |
Games Workshop Group PLC | 28,447 | 3,522,604 | |
JD Sports Fashion PLC | 863,012 | 1,246,603 | |
London Stock Exchange Group PLC | 67,818 | 7,476,264 | |
RELX PLC (London Stock Exchange) | 156,818 | 6,443,162 | |
Sage Group PLC | 258,443 | 3,765,451 | |
Starling Bank Ltd. Series D (a)(d)(e) | 137,500 | 517,158 | |
Zegona Communications PLC (a) | 1,581,560 | 4,545,348 | |
TOTAL UNITED KINGDOM | 75,089,709 | ||
United States of America - 8.1% | |||
Canva, Inc. Class A (d)(e) | 400 | 426,664 | |
CRH PLC | 81,083 | 6,318,145 | |
Globant SA (a) | 9,764 | 1,743,753 | |
Linde PLC | 14,414 | 6,355,997 | |
Microsoft Corp. | 14,349 | 5,586,496 | |
Nestle SA (Reg. S) | 25,824 | 2,592,735 | |
NVIDIA Corp. | 9,770 | 8,441,475 | |
Samsonite International SA (c) | 683,802 | 2,404,022 | |
Schneider Electric SA | 35,251 | 8,037,697 | |
Shell PLC (London) | 270,632 | 9,620,594 | |
TOTAL UNITED STATES OF AMERICA | 51,527,578 | ||
TOTAL COMMON STOCKS (Cost $495,306,077) | 615,703,798 | ||
Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.1% | |||
China - 0.0% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 1,533 | 353,311 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 8,434 | 41,580 | |
394,891 | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (a)(d)(e) | 3,347 | 411,021 | |
United States of America - 0.0% | |||
Canva, Inc.: | |||
Series A (d)(e) | 85 | 90,666 | |
Series A2 (d)(e) | 15 | 16,000 | |
106,666 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 912,578 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (a)(d)(e) | 413 | 17,106 | |
TOTAL PREFERRED STOCKS (Cost $1,452,783) | 929,684 | ||
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 17,518,928 | 17,522,432 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 721,977 | 722,049 | |
TOTAL MONEY MARKET FUNDS (Cost $18,244,481) | 18,244,481 | ||
TOTAL INVESTMENT IN SECURITIES - 100.0% (Cost $515,003,341) | 634,877,963 |
NET OTHER ASSETS (LIABILITIES) - 0.0% | (160,055) |
NET ASSETS - 100.0% | 634,717,908 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $13,238,551 or 2.1% 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 $2,537,063 or 0.4% of net assets. |
(f) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
Bolt Technology OU Series E | 1/03/22 | 869,539 |
ByteDance Ltd. Series E1 | 11/18/20 | 167,977 |
Canva, Inc. Class A | 3/18/24 | 426,664 |
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 |
Lenskart Solutions Pvt Ltd. | 4/30/24 | 661,395 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 20,988,977 | 111,822,952 | 115,289,506 | 343,502 | 9 | - | 17,522,432 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 4,348,895 | 43,060,815 | 46,687,661 | 33,947 | - | - | 722,049 | 0.0% |
Total | 25,337,872 | 154,883,767 | 161,977,167 | 377,449 | 9 | - | 18,244,481 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 14,202,232 | 6,590,349 | 7,258,572 | 353,311 |
Consumer Discretionary | 82,315,220 | 35,067,825 | 46,052,670 | 1,194,725 |
Consumer Staples | 25,816,223 | 18,964,209 | 6,852,014 | - |
Energy | 22,394,875 | 12,774,281 | 9,620,594 | - |
Financials | 121,281,920 | 44,305,263 | 76,459,499 | 517,158 |
Health Care | 70,357,751 | 22,271,150 | 48,045,021 | 41,580 |
Industrials | 119,517,902 | 34,829,998 | 84,687,904 | - |
Information Technology | 121,850,493 | 67,637,510 | 53,782,694 | 430,289 |
Materials | 33,477,538 | 12,674,142 | 20,803,396 | - |
Real Estate | 5,419,328 | 1,786,608 | 3,632,720 | - |
Money Market Funds | 18,244,481 | 18,244,481 | - | - |
Total Investments in Securities: | 634,877,963 | 275,145,816 | 357,195,084 | 2,537,063 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $666,457) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $496,758,860) | $ | 616,633,482 | ||
Fidelity Central Funds (cost $18,244,481) | 18,244,481 | |||
Total Investment in Securities (cost $515,003,341) | $ | 634,877,963 | ||
Foreign currency held at value (cost $508,228) | 507,442 | |||
Receivable for investments sold | 268,329 | |||
Receivable for fund shares sold | 271,811 | |||
Dividends receivable | 2,231,792 | |||
Reclaims receivable | 998,982 | |||
Distributions receivable from Fidelity Central Funds | 78,817 | |||
Other receivables | 3,690 | |||
Total assets | 639,238,826 | |||
Liabilities | ||||
Payable to custodian bank | $ | 225,615 | ||
Payable for investments purchased | ||||
Regular delivery | 1,288,909 | |||
Delayed delivery | 97,241 | |||
Payable for fund shares redeemed | 1,607,457 | |||
Accrued management fee | 329,355 | |||
Deferred taxes | 250,285 | |||
Other payables and accrued expenses | 7 | |||
Collateral on securities loaned | 722,049 | |||
Total liabilities | 4,520,918 | |||
Net Assets | $ | 634,717,908 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 615,949,527 | ||
Total accumulated earnings (loss) | 18,768,381 | |||
Net Assets | $ | 634,717,908 | ||
Net Asset Value, offering price and redemption price per share ($634,717,908 ÷ 48,485,486 shares) | $ | 13.09 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 7,457,753 | ||
Income from Fidelity Central Funds (including $33,947 from security lending) | 377,449 | |||
Income before foreign taxes withheld | $ | 7,835,202 | ||
Less foreign taxes withheld | (654,440) | |||
Total income | 7,180,762 | |||
Expenses | ||||
Management fee | $ | 1,962,357 | ||
Independent trustees' fees and expenses | 1,624 | |||
Total expenses before reductions | 1,963,981 | |||
Expense reductions | (184) | |||
Total expenses after reductions | 1,963,797 | |||
Net Investment income (loss) | 5,216,965 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $54,311) | (5,493,420) | |||
Redemptions in-kind | 20,280,317 | |||
Fidelity Central Funds | 9 | |||
Foreign currency transactions | 63,984 | |||
Total net realized gain (loss) | 14,850,890 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $79,035) | 111,097,189 | |||
Assets and liabilities in foreign currencies | (21,513) | |||
Total change in net unrealized appreciation (depreciation) | 111,075,676 | |||
Net gain (loss) | 125,926,566 | |||
Net increase (decrease) in net assets resulting from operations | $ | 131,143,531 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 5,216,965 | $ | 9,659,359 |
Net realized gain (loss) | 14,850,890 | (54,707,568) | ||
Change in net unrealized appreciation (depreciation) | 111,075,676 | 74,783,062 | ||
Net increase (decrease) in net assets resulting from operations | 131,143,531 | 29,734,853 | ||
Distributions to shareholders | (11,176,994) | (4,996,303) | ||
Share transactions | ||||
Proceeds from sales of shares | 99,285,667 | 197,751,242 | ||
Reinvestment of distributions | 11,176,992 | 4,996,303 | ||
Cost of shares redeemed | (179,094,672) | (112,155,117) | ||
Net increase (decrease) in net assets resulting from share transactions | (68,632,013) | 90,592,428 | ||
Total increase (decrease) in net assets | 51,334,524 | 115,330,978 | ||
Net Assets | ||||
Beginning of period | 583,383,384 | 468,052,406 | ||
End of period | $ | 634,717,908 | $ | 583,383,384 |
Other Information | ||||
Shares | ||||
Sold | 8,107,016 | 17,226,620 | ||
Issued in reinvestment of distributions | 955,298 | 448,904 | ||
Redeemed | (14,314,437) | (9,674,096) | ||
Net increase (decrease) | (5,252,123) | 8,001,428 | ||
Fidelity® International Discovery K6 Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.86 | $ | 10.23 | $ | 14.97 | $ | 11.29 | $ | 10.49 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .10 | .19 | .24 | .16 | .12 | .06 D | ||||||
Net realized and unrealized gain (loss) | 2.33 | .55 | (4.70) | 3.60 | .77 | .43 | ||||||
Total from investment operations | 2.43 | .74 | (4.46) | 3.76 | .89 | .49 | ||||||
Distributions from net investment income | (.20) | (.11) | (.28) | (.08) | (.04) | - | ||||||
Distributions from net realized gain | - | - | - | - | (.05) | - | ||||||
Total distributions | (.20) | (.11) | (.28) | (.08) | (.09) | - | ||||||
Net asset value, end of period | $ | 13.09 | $ | 10.86 | $ | 10.23 | $ | 14.97 | $ | 11.29 | $ | 10.49 |
Total Return E,F | 22.57 % | 7.19% | (30.35)% | 33.43% | 8.51% | 4.90% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions | .60% I | .60% | .60% | .60% | .60% | .60% I | ||||||
Expenses net of fee waivers, if any | .60 % I | .60% | .60% | .60% | .60% | .60% I | ||||||
Expenses net of all reductions | .60% I | .60% | .60% | .60% | .60% | .60% I | ||||||
Net investment income (loss) | 1.60% I | 1.62% | 1.98% | 1.11% | 1.16% | 1.67% D,I | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 634,718 | $ | 583,383 | $ | 468,052 | $ | 430,892 | $ | 103,173 | $ | 61,421 |
Portfolio turnover rate J | 45 % I,K | 55% K | 50% K | 58% K | 42% K | 59% I,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 | $131,955,059 |
Gross unrealized depreciation | (13,744,153) |
Net unrealized appreciation (depreciation) | $118,210,906 |
Tax cost | $516,667,057 |
Short-term | $(80,207,263) |
Long-term | (38,118,644) |
Total capital loss carryforward | $(118,325,907) |
Purchases ($) | Sales ($) | |
Fidelity International Discovery K6 Fund | 140,176,153 | 177,700,870 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 5,635,980 | 20,280,317 | 69,040,756 |
Shares | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 3,165,883 | 36,396,996 |
Shares | Total Proceeds ($) | |
Fidelity International Discovery K6 Fund | 8,198,739 | 94,487,059 |
Amount ($) | |
Fidelity International Discovery K6 Fund | 175 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Discovery K6 Fund | 1,235,035 | 7,739,185 | (1,509,192) |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Discovery K6 Fund | 3,691 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Discovery K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 1,225.70 | $ 3.32 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.88 | $ 3.02 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Exxon Mobil Corp. | 7.3 | |
Shell PLC (London) | 6.4 | |
Archer Daniels Midland Co. | 5.3 | |
Cenovus Energy, Inc. (Canada) | 5.0 | |
Teck Resources Ltd. Class B (sub. vtg.) | 5.0 | |
Antero Resources Corp. | 4.7 | |
UPM-Kymmene Corp. | 3.9 | |
Wheaton Precious Metals Corp. | 3.7 | |
Canadian Natural Resources Ltd. | 3.2 | |
Nutrien Ltd. | 2.9 | |
47.4 | ||
Industries (% of Fund's net assets) | ||
Oil, Gas & Consumable Fuels | 37.6 | |
Metals & Mining | 29.8 | |
Paper & Forest Products | 10.1 | |
Food Products | 8.8 | |
Chemicals | 7.1 | |
Energy Equipment & Services | 4.1 | |
Containers & Packaging | 1.3 | |
Construction Materials | 0.6 | |
Electrical Equipment | 0.1 | |
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 - 99.5% | |||
Shares | Value ($) | ||
Chemicals - 7.1% | |||
Fertilizers & Agricultural Chemicals - 7.1% | |||
CF Industries Holdings, Inc. | 89,400 | 7,059,918 | |
Corteva, Inc. | 469,100 | 25,392,383 | |
FMC Corp. | 178,400 | 10,527,384 | |
Nutrien Ltd. | 571,783 | 30,149,804 | |
73,129,489 | |||
Construction Materials - 0.6% | |||
Construction Materials - 0.6% | |||
Ultratech Cement Ltd. | 46,500 | 5,544,218 | |
Containers & Packaging - 1.3% | |||
Paper & Plastic Packaging Products & Materials - 1.3% | |||
Billerud AB | 332,200 | 2,783,807 | |
Smurfit Kappa Group PLC | 243,700 | 10,598,123 | |
13,381,930 | |||
Electrical Equipment - 0.1% | |||
Electrical Components & Equipment - 0.1% | |||
GrafTech International Ltd. | 683,684 | 1,175,936 | |
Energy Equipment & Services - 4.1% | |||
Oil & Gas Equipment & Services - 4.1% | |||
Archrock, Inc. | 294,893 | 5,658,997 | |
DOF Group ASA | 2,673,600 | 19,759,874 | |
Kodiak Gas Services, Inc. | 304,600 | 8,279,028 | |
Tidewater, Inc. (a) | 58,500 | 5,373,225 | |
U.S.A. Compression Partners LP | 113,900 | 2,759,797 | |
41,830,921 | |||
Food Products - 8.8% | |||
Agricultural Products & Services - 5.3% | |||
Archer Daniels Midland Co. | 918,800 | 53,896,808 | |
Packaged Foods & Meats - 3.5% | |||
JBS SA | 4,800,300 | 21,669,112 | |
Lamb Weston Holdings, Inc. | 51,100 | 4,258,674 | |
Tyson Foods, Inc. Class A | 166,600 | 10,104,290 | |
36,032,076 | |||
TOTAL FOOD PRODUCTS | 89,928,884 | ||
Metals & Mining - 29.8% | |||
Aluminum - 0.2% | |||
Alcoa Corp. | 65,200 | 2,291,128 | |
Copper - 3.5% | |||
ERO Copper Corp. (a) | 504,240 | 10,281,493 | |
First Quantum Minerals Ltd. | 2,049,471 | 26,023,138 | |
36,304,631 | |||
Diversified Metals & Mining - 10.3% | |||
Anglo American PLC (United Kingdom) | 561,400 | 18,345,137 | |
BHP Group Ltd. (London) (b) | 943,310 | 26,202,790 | |
Sigma Lithium Corp. (a)(b) | 418,409 | 6,012,537 | |
Sumitomo Metal Mining Co. Ltd. | 106,600 | 3,561,361 | |
Teck Resources Ltd. Class B (sub. vtg.) | 1,034,000 | 50,841,870 | |
104,963,695 | |||
Gold - 6.1% | |||
Alamos Gold, Inc. | 624,300 | 9,183,217 | |
Franco-Nevada Corp. | 131,871 | 15,874,523 | |
Wheaton Precious Metals Corp. | 718,200 | 37,416,412 | |
62,474,152 | |||
Precious Metals & Minerals - 3.5% | |||
Anglo American Platinum Ltd. (b) | 112,712 | 3,926,318 | |
Impala Platinum Holdings Ltd. | 1,786,000 | 7,950,476 | |
Northam Platinum Holdings Ltd. | 3,534,400 | 23,417,801 | |
35,294,595 | |||
Steel - 6.2% | |||
Champion Iron Ltd. (b) | 5,153,800 | 23,360,848 | |
Reliance, Inc. | 98,600 | 28,073,392 | |
Tata Steel Ltd. | 6,094,200 | 12,009,370 | |
63,443,610 | |||
TOTAL METALS & MINING | 304,771,811 | ||
Oil, Gas & Consumable Fuels - 37.6% | |||
Coal & Consumable Fuels - 0.8% | |||
Alliance Resource Partners LP | 219,000 | 4,912,170 | |
Coal India Ltd. | 611,200 | 3,322,116 | |
8,234,286 | |||
Integrated Oil & Gas - 19.5% | |||
Cenovus Energy, Inc. (Canada) | 2,476,000 | 50,863,531 | |
Exxon Mobil Corp. | 629,600 | 74,462,795 | |
Petroleo Brasileiro SA - Petrobras (ON) | 957,800 | 8,163,970 | |
Shell PLC (London) | 1,859,079 | 66,087,689 | |
199,577,985 | |||
Oil & Gas Exploration & Production - 11.6% | |||
Antero Resources Corp. (a) | 1,417,312 | 48,202,781 | |
Canadian Natural Resources Ltd. | 438,000 | 33,190,833 | |
Diamondback Energy, Inc. | 27,900 | 5,611,527 | |
Mach Natural Resources LP (b) | 539,267 | 11,135,864 | |
MEG Energy Corp. (a) | 934,400 | 21,251,635 | |
119,392,640 | |||
Oil & Gas Storage & Transportation - 5.7% | |||
Energy Transfer LP | 1,635,900 | 25,732,707 | |
Keyera Corp. | 78,100 | 2,003,771 | |
Plains GP Holdings LP Class A | 1,110,700 | 20,225,847 | |
Targa Resources Corp. | 89,600 | 10,219,776 | |
58,182,101 | |||
TOTAL OIL, GAS & CONSUMABLE FUELS | 385,387,012 | ||
Paper & Forest Products - 10.1% | |||
Forest Products - 3.5% | |||
Interfor Corp. (a)(b) | 614,300 | 7,795,606 | |
Svenska Cellulosa AB SCA (B Shares) (b) | 959,600 | 14,110,484 | |
West Fraser Timber Co. Ltd. | 187,900 | 14,391,585 | |
36,297,675 | |||
Paper Products - 6.6% | |||
Mondi PLC | 196 | 3,720 | |
Stora Enso Oyj (R Shares) | 1,186,800 | 15,895,240 | |
Suzano SA | 965,900 | 10,874,420 | |
UPM-Kymmene Corp. | 1,149,200 | 40,373,952 | |
67,147,332 | |||
TOTAL PAPER & FOREST PRODUCTS | 103,445,007 | ||
TOTAL COMMON STOCKS (Cost $870,436,647) | 1,018,595,208 | ||
Money Market Funds - 3.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) | 5,461,640 | 5,462,732 | |
Fidelity Securities Lending Cash Central Fund 5.39% (c)(d) | 25,709,853 | 25,712,424 | |
TOTAL MONEY MARKET FUNDS (Cost $31,175,156) | 31,175,156 | ||
TOTAL INVESTMENT IN SECURITIES - 102.5% (Cost $901,611,803) | 1,049,770,364 |
NET OTHER ASSETS (LIABILITIES) - (2.5)% | (25,533,911) |
NET ASSETS - 100.0% | 1,024,236,453 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(d) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 9,510,122 | 195,680,874 | 199,728,264 | 145,221 | - | - | 5,462,732 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 16,678,557 | 273,474,012 | 264,440,145 | 245,520 | - | - | 25,712,424 | 0.1% |
Total | 26,188,679 | 469,154,886 | 464,168,409 | 390,741 | - | - | 31,175,156 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Common Stocks | 1,018,595,208 | 874,430,722 | 144,164,486 | - |
Money Market Funds | 31,175,156 | 31,175,156 | - | - |
Total Investments in Securities: | 1,049,770,364 | 905,605,878 | 144,164,486 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $23,900,857) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $870,436,647) | $ | 1,018,595,208 | ||
Fidelity Central Funds (cost $31,175,156) | 31,175,156 | |||
Total Investment in Securities (cost $901,611,803) | $ | 1,049,770,364 | ||
Foreign currency held at value (cost $6,274) | 6,271 | |||
Receivable for investments sold | 508,488 | |||
Receivable for fund shares sold | 1,566,801 | |||
Dividends receivable | 1,521,180 | |||
Distributions receivable from Fidelity Central Funds | 70,860 | |||
Prepaid expenses | 476 | |||
Other receivables | 3,010 | |||
Total assets | 1,053,447,450 | |||
Liabilities | ||||
Payable for investments purchased | $ | 939,631 | ||
Payable for fund shares redeemed | 1,532,932 | |||
Accrued management fee | 703,355 | |||
Distribution and service plan fees payable | 43,950 | |||
Other payables and accrued expenses | 278,705 | |||
Collateral on securities loaned | 25,712,424 | |||
Total liabilities | 29,210,997 | |||
Net Assets | $ | 1,024,236,453 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,063,925,091 | ||
Total accumulated earnings (loss) | (39,688,638) | |||
Net Assets | $ | 1,024,236,453 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($92,888,844 ÷ 4,882,420 shares)(a) | $ | 19.03 | ||
Maximum offering price per share (100/94.25 of $19.03) | $ | 20.19 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($17,938,603 ÷ 943,658 shares)(a) | $ | 19.01 | ||
Maximum offering price per share (100/96.50 of $19.01) | $ | 19.70 | ||
Class C : | ||||
Net Asset Value and offering price per share ($20,177,639 ÷ 1,066,792 shares)(a) | $ | 18.91 | ||
Global Commodity Stock : | ||||
Net Asset Value, offering price and redemption price per share ($390,728,993 ÷ 20,498,340 shares) | $ | 19.06 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($281,516,833 ÷ 14,785,462 shares) | $ | 19.04 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($220,985,541 ÷ 11,622,667 shares) | $ | 19.01 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 13,101,228 | ||
Income from Fidelity Central Funds (including $245,520 from security lending) | 390,741 | |||
Income before foreign taxes withheld | $ | 13,491,969 | ||
Less foreign taxes withheld | (600,373) | |||
Total income | 12,891,596 | |||
Expenses | ||||
Management fee | $ | 3,652,799 | ||
Transfer agent fees | 565,438 | |||
Distribution and service plan fees | 263,839 | |||
Accounting fees | 148,518 | |||
Custodian fees and expenses | 28,765 | |||
Independent trustees' fees and expenses | 2,738 | |||
Registration fees | 104,636 | |||
Audit | 28,036 | |||
Legal | 4,294 | |||
Interest | 23,181 | |||
Miscellaneous | 2,378 | |||
Total expenses before reductions | 4,824,622 | |||
Expense reductions | (44,655) | |||
Total expenses after reductions | 4,779,967 | |||
Net Investment income (loss) | 8,111,629 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 23,704,603 | |||
Foreign currency transactions | (56,852) | |||
Total net realized gain (loss) | 23,647,751 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $237,432) | 78,943,917 | |||
Assets and liabilities in foreign currencies | (27,384) | |||
Total change in net unrealized appreciation (depreciation) | 78,916,533 | |||
Net gain (loss) | 102,564,284 | |||
Net increase (decrease) in net assets resulting from operations | $ | 110,675,913 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 8,111,629 | $ | 33,167,763 |
Net realized gain (loss) | 23,647,751 | (8,892,001) | ||
Change in net unrealized appreciation (depreciation) | 78,916,533 | (190,350,465) | ||
Net increase (decrease) in net assets resulting from operations | 110,675,913 | (166,074,703) | ||
Distributions to shareholders | (21,790,381) | (34,691,564) | ||
Share transactions - net increase (decrease) | (169,430,318) | (509,569,294) | ||
Total increase (decrease) in net assets | (80,544,786) | (710,335,561) | ||
Net Assets | ||||
Beginning of period | 1,104,781,239 | 1,815,116,800 | ||
End of period | $ | 1,024,236,453 | $ | 1,104,781,239 |
Fidelity Advisor® Global Commodity Stock Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.33 | $ | 19.50 | $ | 16.35 | $ | 10.80 | $ | 12.14 | $ | 12.42 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .12 | .35 | .47 | .48 | .28 | .35 | ||||||
Net realized and unrealized gain (loss) | 1.90 | (2.20) | 3.19 | 5.24 | (1.26) | (.41) | ||||||
Total from investment operations | 2.02 | (1.85) | 3.66 | 5.72 | (.98) | (.06) | ||||||
Distributions from net investment income | (.32) | (.32) | (.51) | (.17) | (.36) | (.20) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.02) | ||||||
Total distributions | (.32) | (.32) | (.51) | (.17) | (.36) | (.22) | ||||||
Net asset value, end of period | $ | 19.03 | $ | 17.33 | $ | 19.50 | $ | 16.35 | $ | 10.80 | $ | 12.14 |
Total Return C,D,E | 11.89 % | (9.64)% | 23.27% | 53.37% | (8.39)% | (.44)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.19% H | 1.19% | 1.19% | 1.23% | 1.31% | 1.29% | ||||||
Expenses net of fee waivers, if any | 1.18 % H | 1.18% | 1.19% | 1.22% | 1.31% | 1.28% | ||||||
Expenses net of all reductions | 1.18% H | 1.18% | 1.19% | 1.22% | 1.29% | 1.28% | ||||||
Net investment income (loss) | 1.37% H | 1.88% | 2.53% | 3.18% | 2.53% | 2.86% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 92,889 | $ | 95,290 | $ | 128,363 | $ | 45,343 | $ | 20,453 | $ | 25,779 |
Portfolio turnover rate I | 71 % H | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.28 | $ | 19.46 | $ | 16.32 | $ | 10.78 | $ | 12.12 | $ | 12.39 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .30 | .42 | .44 | .25 | .31 | ||||||
Net realized and unrealized gain (loss) | 1.89 | (2.20) | 3.19 | 5.24 | (1.27) | (.40) | ||||||
Total from investment operations | 1.99 | (1.90) | 3.61 | 5.68 | (1.02) | (.09) | ||||||
Distributions from net investment income | (.26) | (.28) | (.47) | (.14) | (.32) | (.16) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.02) | ||||||
Total distributions | (.26) | (.28) | (.47) | (.14) | (.32) | (.18) | ||||||
Net asset value, end of period | $ | 19.01 | $ | 17.28 | $ | 19.46 | $ | 16.32 | $ | 10.78 | $ | 12.12 |
Total Return C,D,E | 11.73 % | (9.90)% | 22.93% | 52.97% | (8.72)% | (.70)% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.45% H | 1.47% | 1.46% | 1.52% | 1.59% | 1.59% | ||||||
Expenses net of fee waivers, if any | 1.44 % H | 1.45% | 1.46% | 1.52% | 1.59% | 1.59% | ||||||
Expenses net of all reductions | 1.44% H | 1.45% | 1.46% | 1.52% | 1.58% | 1.59% | ||||||
Net investment income (loss) | 1.10% H | 1.62% | 2.26% | 2.88% | 2.24% | 2.55% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 17,939 | $ | 17,928 | $ | 24,513 | $ | 8,888 | $ | 4,378 | $ | 5,416 |
Portfolio turnover rate I | 71 % H | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.11 | $ | 19.29 | $ | 16.17 | $ | 10.68 | $ | 11.99 | $ | 12.26 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .21 | .33 | .37 | .20 | .26 | ||||||
Net realized and unrealized gain (loss) | 1.88 | (2.18) | 3.18 | 5.20 | (1.26) | (.41) | ||||||
Total from investment operations | 1.94 | (1.97) | 3.51 | 5.57 | (1.06) | (.15) | ||||||
Distributions from net investment income | (.14) | (.21) | (.39) | (.08) | (.25) | (.11) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.02) | ||||||
Total distributions | (.14) | (.21) | (.39) | (.08) | (.25) | (.12) C | ||||||
Net asset value, end of period | $ | 18.91 | $ | 17.11 | $ | 19.29 | $ | 16.17 | $ | 10.68 | $ | 11.99 |
Total Return D,E,F | 11.45 % | (10.34)% | 22.34% | 52.30% | (9.11)% | (1.16)% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.92% I | 1.94% | 1.94% | 1.97% | 2.05% | 2.02% | ||||||
Expenses net of fee waivers, if any | 1.91 % I | 1.93% | 1.93% | 1.96% | 2.04% | 2.02% | ||||||
Expenses net of all reductions | 1.91% I | 1.93% | 1.93% | 1.96% | 2.03% | 2.01% | ||||||
Net investment income (loss) | .63% I | 1.13% | 1.78% | 2.44% | 1.79% | 2.13% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 20,178 | $ | 23,853 | $ | 34,984 | $ | 11,020 | $ | 7,871 | $ | 11,294 |
Portfolio turnover rate J | 71 % I | 113% | 42% | 37% | 40% | 55% |
Fidelity® Global Commodity Stock Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.38 | $ | 19.55 | $ | 16.39 | $ | 10.82 | $ | 12.15 | $ | 12.44 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .40 | .52 | .53 | .31 | .37 | ||||||
Net realized and unrealized gain (loss) | 1.90 | (2.21) | 3.19 | 5.26 | (1.26) | (.41) | ||||||
Total from investment operations | 2.04 | (1.81) | 3.71 | 5.79 | (.95) | (.04) | ||||||
Distributions from net investment income | (.36) | (.36) | (.55) | (.22) | (.38) | (.23) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.02) | ||||||
Total distributions | (.36) | (.36) | (.55) | (.22) | (.38) | (.25) | ||||||
Net asset value, end of period | $ | 19.06 | $ | 17.38 | $ | 19.55 | $ | 16.39 | $ | 10.82 | $ | 12.15 |
Total Return C,D | 12.01 % | (9.47)% | 23.57% | 53.95% | (8.16)% | (.23)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .93% G | .97% | .94% | .94% | 1.02% | 1.06% | ||||||
Expenses net of fee waivers, if any | .92 % G | .95% | .94% | .94% | 1.02% | 1.06% | ||||||
Expenses net of all reductions | .92% G | .95% | .94% | .94% | 1.00% | 1.06% | ||||||
Net investment income (loss) | 1.62% G | 2.12% | 2.78% | 3.46% | 2.82% | 3.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 390,729 | $ | 428,912 | $ | 893,636 | $ | 546,863 | $ | 176,718 | $ | 257,011 |
Portfolio turnover rate H | 71 % G | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.37 | $ | 19.54 | $ | 16.39 | $ | 10.81 | $ | 12.16 | $ | 12.45 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .40 | .52 | .53 | .32 | .39 | ||||||
Net realized and unrealized gain (loss) | 1.89 | (2.20) | 3.19 | 5.25 | (1.26) | (.41) | ||||||
Total from investment operations | 2.04 | (1.80) | 3.71 | 5.78 | (.94) | (.02) | ||||||
Distributions from net investment income | (.37) | (.37) | (.56) | (.20) | (.41) | (.25) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.02) | ||||||
Total distributions | (.37) | (.37) | (.56) | (.20) | (.41) | (.27) | ||||||
Net asset value, end of period | $ | 19.04 | $ | 17.37 | $ | 19.54 | $ | 16.39 | $ | 10.81 | $ | 12.16 |
Total Return C,D | 12.04 % | (9.42)% | 23.56% | 53.97% | (8.11)% | (.06)% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .90% G | .92% | .92% | .93% | .95% | .92% | ||||||
Expenses net of fee waivers, if any | .89 % G | .91% | .92% | .93% | .95% | .92% | ||||||
Expenses net of all reductions | .89% G | .91% | .92% | .93% | .93% | .91% | ||||||
Net investment income (loss) | 1.65% G | 2.15% | 2.80% | 3.48% | 2.88% | 3.23% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 281,517 | $ | 351,709 | $ | 499,191 | $ | 85,252 | $ | 33,185 | $ | 102,633 |
Portfolio turnover rate H | 71 % G | 113% | 42% | 37% | 40% | 55% |
Fidelity Advisor® Global Commodity Stock Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.37 | $ | 19.53 | $ | 16.38 | $ | 10.81 | $ | 12.16 | $ | 12.46 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .43 | .54 | .56 | .34 | .39 | ||||||
Net realized and unrealized gain (loss) | 1.90 | (2.21) | 3.19 | 5.23 | (1.26) | (.40) | ||||||
Total from investment operations | 2.05 | (1.78) | 3.73 | 5.79 | (.92) | (.01) | ||||||
Distributions from net investment income | (.41) | (.38) | (.58) | (.22) | (.43) | (.27) | ||||||
Distributions from net realized gain | - | - | - | - | - | (.02) | ||||||
Total distributions | (.41) | (.38) | (.58) | (.22) | (.43) | (.29) | ||||||
Net asset value, end of period | $ | 19.01 | $ | 17.37 | $ | 19.53 | $ | 16.38 | $ | 10.81 | $ | 12.16 |
Total Return C,D | 12.08 % | (9.30)% | 23.72% | 54.07% | (7.99)% | .03% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .81% G | .79% | .79% | .80% | .85% | .83% | ||||||
Expenses net of fee waivers, if any | .80 % G | .78% | .79% | .80% | .84% | .83% | ||||||
Expenses net of all reductions | .80% G | .78% | .79% | .80% | .83% | .82% | ||||||
Net investment income (loss) | 1.74% G | 2.29% | 2.93% | 3.60% | 2.99% | 3.32% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 220,986 | $ | 187,090 | $ | 234,430 | $ | 60,837 | $ | 16,505 | $ | 104,489 |
Portfolio turnover rate H | 71 % 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 | $172,219,751 |
Gross unrealized depreciation | (29,560,660) |
Net unrealized appreciation (depreciation) | $142,659,091 |
Tax cost | $907,111,273 |
Short-term | $(206,499,261) |
Long-term | (81,531) |
Total capital loss carryforward | $(206,580,792) |
Purchases ($) | Sales ($) | |
Fidelity Global Commodity Stock Fund | 359,560,868 | 537,061,175 |
Maximum Management Fee Rate % | |
Class A | .88% |
Class M | .89% |
Class C | .88% |
Global Commodity Stock | .89% |
Class I | .86% |
Class Z | .73% |
Total Management Fee Rate % | |
Class A | .87 |
Class M | .87 |
Class C | .87 |
Global Commodity Stock | .83 |
Class I | .86 |
Class Z | .73 |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 113,691 | 3,948 |
Class M | .25% | .25% | 43,524 | 99 |
Class C | .75% | .25% | 106,624 | 9,704 |
263,839 | 13,751 |
Retained by FDC ($) | |
Class A | 10,499 |
Class M | 377 |
Class CA | 9 |
10,885 |
% of Class-Level Average Net Assets | |
Class A | .1937 |
Class M | .2000 |
Class C | .1930 |
Global Commodity Stock | .2000 |
Class I | .1745 |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 58,488 | .19 |
Class M | 11,957 | .21 |
Class C | 13,923 | .19 |
Global Commodity Stock | 273,849 | .21 |
Class I | 181,788 | .17 |
Class Z | 25,433 | .04 |
565,438 |
% of Average Net Assets | |
Fidelity Global Commodity Stock Fund | .0435 |
% of Average Net Assets | |
Fidelity Global Commodity Stock Fund | .04 |
Amount ($) | |
Fidelity Global Commodity Stock Fund | 8,569 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Global Commodity Stock Fund | Borrower | 11,531,769 | 5.57% | 23,181 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Global Commodity Stock Fund | 5,520,502 | 17,622,634 | 1,129,479 |
Amount ($) | |
Fidelity Global Commodity Stock Fund | 947 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Global Commodity Stock Fund | 26,967 | 1,313 | - |
Expense reduction ($) | |
Class M | 9 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Global Commodity Stock Fund | ||
Distributions to shareholders | ||
Class A | $1,698,169 | $2,247,696 |
Class M | 265,430 | 366,393 |
Class C | 186,222 | 382,649 |
Global Commodity Stock | 8,378,578 | 16,441,380 |
Class I | 6,995,782 | 10,386,346 |
Class Z | 4,266,200 | 4,867,100 |
Total | $21,790,381 | $34,691,564 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity Global Commodity Stock Fund | ||||
Class A | ||||
Shares sold | 309,144 | 1,706,240 | $5,533,529 | $32,590,913 |
Reinvestment of distributions | 100,271 | 115,956 | 1,689,564 | 2,236,781 |
Shares redeemed | (1,026,373) | (2,904,311) | (18,019,055) | (53,206,144) |
Net increase (decrease) | (616,958) | (1,082,115) | $(10,795,962) | $(18,378,450) |
Class M | ||||
Shares sold | 59,876 | 226,865 | $1,047,106 | $4,326,151 |
Reinvestment of distributions | 15,582 | 18,802 | 262,558 | 362,695 |
Shares redeemed | (169,407) | (467,728) | (2,952,059) | (8,507,986) |
Net increase (decrease) | (93,949) | (222,061) | $(1,642,395) | $(3,819,140) |
Class C | ||||
Shares sold | 33,821 | 305,614 | $598,631 | $5,884,407 |
Reinvestment of distributions | 11,025 | 19,865 | 185,217 | 381,017 |
Shares redeemed | (371,976) | (744,797) | (6,460,431) | (13,548,223) |
Net increase (decrease) | (327,130) | (419,318) | $(5,676,583) | $(7,282,799) |
Global Commodity Stock | ||||
Shares sold | 1,880,586 | 13,188,745 | $33,564,617 | $254,817,434 |
Reinvestment of distributions | 386,388 | 741,996 | 6,514,507 | 14,327,947 |
Shares redeemed | (6,448,826) | (34,967,438) | (112,875,948) | (645,744,516) |
Net increase (decrease) | (4,181,852) | (21,036,697) | $(72,796,824) | $(376,599,135) |
Class I | ||||
Shares sold | 3,138,079 | 16,503,819 | $56,057,636 | $315,987,478 |
Reinvestment of distributions | 410,245 | 528,030 | 6,908,516 | 10,190,979 |
Shares redeemed | (9,010,417) | (22,329,926) | (156,672,533) | (410,703,798) |
Net increase (decrease) | (5,462,093) | (5,298,077) | $(93,706,381) | $(84,525,341) |
Class Z | ||||
Shares sold | 3,586,472 | 5,798,355 | $63,181,664 | $110,033,314 |
Reinvestment of distributions | 198,997 | 213,545 | 3,345,144 | 4,115,012 |
Shares redeemed | (2,933,800) | (7,243,382) | (51,338,981) | (133,112,755) |
Net increase (decrease) | 851,669 | (1,231,482) | $15,187,827 | $(18,964,429) |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Global Commodity Stock Fund | ||||||||||
Class A | 1.18% | |||||||||
Actual | $ 1,000 | $ 1,118.90 | $ 6.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.00 | $ 5.92 | |||||||
Class M | 1.44% | |||||||||
Actual | $ 1,000 | $ 1,117.30 | $ 7.58 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.70 | $ 7.22 | |||||||
Class C | 1.91% | |||||||||
Actual | $ 1,000 | $ 1,114.50 | $ 10.04 | |||||||
Hypothetical-B | $ 1,000 | $ 1,015.37 | $ 9.57 | |||||||
Fidelity® Global Commodity Stock Fund ** | .92% | |||||||||
Actual | $ 1,000 | $ 1,120.10 | $ 4.85 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.29 | $ 4.62 | |||||||
Class I | .89% | |||||||||
Actual | $ 1,000 | $ 1,120.40 | $ 4.69 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.44 | $ 4.47 | |||||||
Class Z | .80% | |||||||||
Actual | $ 1,000 | $ 1,120.80 | $ 4.22 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.89 | $ 4.02 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® Global Commodity Stock Fund | ||||||
Fidelity® Global Commodity Stock Fund | .86% | |||||
Actual | $ 4.53 | |||||
Hypothetical- B | $ 4.32 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 9.2 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 6.3 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 6.0 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 3.5 | |
Reliance Industries Ltd. GDR (India, Oil, Gas & Consumable Fuels) | 2.1 | |
Grupo Financiero Banorte S.A.B. de CV Series O (Mexico, Banks) | 1.8 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 1.8 | |
HDFC Bank Ltd. sponsored ADR (India, Banks) | 1.7 | |
Bharti Airtel Ltd. (India, Wireless Telecommunication Services) | 1.6 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.6 | |
35.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 23.4 | |
Financials | 22.5 | |
Consumer Discretionary | 15.9 | |
Communication Services | 11.3 | |
Industrials | 5.6 | |
Materials | 3.8 | |
Consumer Staples | 3.5 | |
Energy | 3.3 | |
Health Care | 3.1 | |
Real Estate | 1.2 | |
Utilities | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Futures - 1.5% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 93.3% | |||
Shares | Value ($) | ||
Brazil - 4.7% | |||
Banco BTG Pactual SA unit | 26,819 | 172,506 | |
Banco do Brasil SA | 28,441 | 150,185 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 94,885 | 67,428 | |
Localiza Rent a Car SA | 8,712 | 82,261 | |
Lojas Renner SA | 33,453 | 98,763 | |
Nu Holdings Ltd. (a) | 24,445 | 265,473 | |
Raia Drogasil SA | 19,955 | 98,303 | |
Suzano SA | 3,804 | 42,827 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 95,043 | 130,138 | |
TOTAL BRAZIL | 1,107,884 | ||
China - 28.0% | |||
Airtac International Group | 4,365 | 154,272 | |
Alibaba Group Holding Ltd. | 88,260 | 826,384 | |
Anta Sports Products Ltd. | 21,307 | 241,216 | |
Baidu, Inc. sponsored ADR (a) | 586 | 60,592 | |
BYD Co. Ltd. (H Shares) | 9,107 | 249,646 | |
China Construction Bank Corp. (H Shares) | 474,141 | 306,765 | |
China Life Insurance Co. Ltd. (H Shares) | 124,458 | 163,902 | |
China Merchants Bank Co. Ltd. (H Shares) | 46,097 | 199,640 | |
Flat Glass Group Co. Ltd. | 26,550 | 63,953 | |
Haier Smart Home Co. Ltd. | 16,530 | 61,228 | |
Innovent Biologics, Inc. (a)(b) | 20,977 | 101,549 | |
JD.com, Inc. sponsored ADR | 4,607 | 133,096 | |
Kuaishou Technology Class B (a)(b) | 8,232 | 57,712 | |
Kweichow Moutai Co. Ltd. (A Shares) | 198 | 46,424 | |
Lenovo Group Ltd. | 2,274 | 2,558 | |
Li Auto, Inc. ADR (a) | 2,074 | 54,505 | |
Li Ning Co. Ltd. | 26,511 | 69,402 | |
Meituan Class B (a)(b) | 27,614 | 377,056 | |
NetEase, Inc. ADR | 1,593 | 148,898 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 3,814 | 294,059 | |
PDD Holdings, Inc. ADR (a) | 2,526 | 316,205 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 38,141 | 172,858 | |
Qingdao Port International Co. Ltd. (H Shares) (b) | 77,818 | 50,947 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 5,737 | 240,896 | |
Sinotruk Hong Kong Ltd. | 113,477 | 282,411 | |
Tencent Holdings Ltd. | 32,399 | 1,421,772 | |
Trip.com Group Ltd. ADR (a) | 2,429 | 117,224 | |
Zhongji Innolight Co. Ltd. (A Shares) | 4,309 | 108,617 | |
Zijin Mining Group Co. Ltd. (H Shares) | 142,034 | 309,843 | |
TOTAL CHINA | 6,633,630 | ||
Greece - 0.6% | |||
Athens International Airport SA | 2,699 | 23,936 | |
OPAP SA | 7,127 | 118,729 | |
TOTAL GREECE | 142,665 | ||
Hungary - 1.3% | |||
OTP Bank PLC | 4,083 | 202,604 | |
Richter Gedeon PLC | 4,624 | 117,750 | |
TOTAL HUNGARY | 320,354 | ||
India - 13.1% | |||
Axis Bank Ltd. | 17,506 | 244,281 | |
Bharti Airtel Ltd. | 24,294 | 384,433 | |
Computer Age Management Services Private Ltd. | 1,793 | 68,703 | |
HDFC Bank Ltd. | 14,717 | 267,193 | |
HDFC Bank Ltd. sponsored ADR | 2,311 | 133,114 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 17,331 | 120,937 | |
ICICI Bank Ltd. | 15,785 | 217,439 | |
Infosys Ltd. sponsored ADR | 5,191 | 86,742 | |
Larsen & Toubro Ltd. | 5,827 | 250,408 | |
Mankind Pharma Ltd. | 3,754 | 106,095 | |
NTPC Ltd. | 33,264 | 144,522 | |
Reliance Industries Ltd. | 1,781 | 62,503 | |
Reliance Industries Ltd. GDR (b) | 6,945 | 491,012 | |
SRF Ltd. | 1,807 | 56,586 | |
Tata Consultancy Services Ltd. | 1,490 | 67,984 | |
Tata Steel Ltd. | 34,246 | 67,486 | |
Ultratech Cement Ltd. | 700 | 83,461 | |
Zomato Ltd. (a) | 108,317 | 249,917 | |
TOTAL INDIA | 3,102,816 | ||
Indonesia - 2.4% | |||
PT Bank Central Asia Tbk | 588,264 | 353,714 | |
PT Bank Mandiri (Persero) Tbk | 249,094 | 105,286 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 110,051 | 33,313 | |
PT Telkom Indonesia Persero Tbk | 438,391 | 84,986 | |
TOTAL INDONESIA | 577,299 | ||
Korea (South) - 13.5% | |||
AMOREPACIFIC Corp. | 1,497 | 181,952 | |
BGF Retail Co. Ltd. | 407 | 38,263 | |
Hana Financial Group, Inc. | 903 | 37,979 | |
Hyundai Motor Co. Ltd. | 1,508 | 270,494 | |
JYP Entertainment Corp. | 344 | 16,407 | |
KB Financial Group, Inc. | 2,528 | 136,727 | |
Kia Corp. | 835 | 70,545 | |
LG Corp. | 363 | 20,654 | |
NAVER Corp. | 1,407 | 185,063 | |
Samsung Biologics Co. Ltd. (a)(b) | 209 | 117,141 | |
Samsung Electronics Co. Ltd. | 26,763 | 1,483,501 | |
Samsung Fire & Marine Insurance Co. Ltd. | 308 | 68,745 | |
SK Hynix, Inc. | 3,451 | 424,681 | |
SK Square Co. Ltd. (a) | 2,484 | 136,095 | |
TOTAL KOREA (SOUTH) | 3,188,247 | ||
Mexico - 4.1% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 4,712 | 167,323 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 498 | 58,595 | |
Grupo Aeroportuario Norte S.A.B. de CV | 5,545 | 61,390 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 44,123 | 436,703 | |
Wal-Mart de Mexico SA de CV Series V | 64,621 | 241,120 | |
TOTAL MEXICO | 965,131 | ||
Peru - 1.0% | |||
Credicorp Ltd. (United States) | 1,377 | 228,045 | |
Philippines - 0.5% | |||
Ayala Land, Inc. | 238,774 | 118,465 | |
Poland - 0.8% | |||
Powszechna Kasa Oszczednosci Bank SA | 13,594 | 203,421 | |
Saudi Arabia - 1.7% | |||
Al Rajhi Bank | 6,391 | 136,149 | |
Alinma Bank | 9,441 | 83,949 | |
The Saudi National Bank | 17,589 | 176,331 | |
TOTAL SAUDI ARABIA | 396,429 | ||
Singapore - 0.7% | |||
Sea Ltd. ADR (a) | 2,791 | 176,363 | |
South Africa - 4.6% | |||
Absa Group Ltd. | 3,819 | 29,449 | |
Bid Corp. Ltd. | 2,768 | 63,091 | |
Capitec Bank Holdings Ltd. | 1,527 | 188,986 | |
FirstRand Ltd. | 24,897 | 85,948 | |
Gold Fields Ltd. sponsored ADR | 5,442 | 87,997 | |
Impala Platinum Holdings Ltd. | 22,713 | 101,108 | |
MTN Group Ltd. | 29,128 | 139,605 | |
Naspers Ltd. Class N | 807 | 154,442 | |
Pepkor Holdings Ltd. (b) | 64,305 | 60,662 | |
Shoprite Holdings Ltd. | 6,379 | 85,111 | |
Standard Bank Group Ltd. | 8,929 | 83,850 | |
TOTAL SOUTH AFRICA | 1,080,249 | ||
Taiwan - 14.7% | |||
Alchip Technologies Ltd. | 1,973 | 185,753 | |
Chailease Holding Co. Ltd. | 33,214 | 174,868 | |
E.SUN Financial Holdings Co. Ltd. | 64,518 | 54,118 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 41,203 | 195,792 | |
MediaTek, Inc. | 9,092 | 273,647 | |
Quanta Computer, Inc. | 9,567 | 74,951 | |
Realtek Semiconductor Corp. | 2,687 | 42,312 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 15,861 | 2,178,346 | |
Unimicron Technology Corp. | 15,061 | 83,140 | |
Wiwynn Corp. | 668 | 47,436 | |
Yageo Corp. | 9,181 | 174,812 | |
TOTAL TAIWAN | 3,485,175 | ||
Thailand - 0.9% | |||
PTT Exploration and Production PCL (For. Reg.) | 48,823 | 203,691 | |
United Kingdom - 0.7% | |||
AngloGold Ashanti PLC | 7,340 | 168,747 | |
TOTAL COMMON STOCKS (Cost $20,573,683) | 22,098,611 | ||
Nonconvertible Preferred Stocks - 0.9% | |||
Shares | Value ($) | ||
Brazil - 0.9% | |||
Itau Unibanco Holding SA (Cost $219,203) | 35,068 | 211,788 | |
Government Obligations - 0.1% | |||
Principal Amount (c) | Value ($) | ||
United States of America - 0.1% | |||
U.S. Treasury Bills, yield at date of purchase 5.3% 5/30/24 (d) (Cost $19,916) | 20,000 | 19,915 | |
Money Market Funds - 6.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) (Cost $1,472,807) | 1,472,512 | 1,472,807 | |
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $22,285,609) | 23,803,121 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (116,555) |
NET ASSETS - 100.0% | 23,686,566 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 7 | Jun 2024 | 364,700 | 1,279 | 1,279 |
The notional amount of futures purchased as a percentage of Net Assets is 1.5% |
(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 $1,444,444 or 6.1% of net assets. |
(c) | Amount is stated in United States dollars unless otherwise noted. |
(d) | Security or a portion of the security was pledged to cover margin requirements for futures contracts. At period end, the value of securities pledged amounted to $9,958. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 633,452 | 11,503,001 | 10,663,635 | 35,609 | (11) | - | 1,472,807 | 0.0% |
Total | 633,452 | 11,503,001 | 10,663,635 | 35,609 | (11) | - | 1,472,807 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,675,831 | 385,853 | 2,289,978 | - |
Consumer Discretionary | 3,763,573 | 1,132,581 | 2,630,992 | - |
Consumer Staples | 812,859 | 398,018 | 414,841 | - |
Energy | 757,206 | 491,012 | 266,194 | - |
Financials | 5,446,266 | 2,400,268 | 3,045,998 | - |
Health Care | 750,859 | 185,178 | 565,681 | - |
Industrials | 1,261,215 | 297,725 | 963,490 | - |
Information Technology | 5,494,225 | 2,265,088 | 3,229,137 | - |
Materials | 918,055 | 299,571 | 618,484 | - |
Real Estate | 285,788 | 167,323 | 118,465 | - |
Utilities | 144,522 | - | 144,522 | - |
Government Obligations | 19,915 | - | 19,915 | - |
Money Market Funds | 1,472,807 | 1,472,807 | - | - |
Total Investments in Securities: | 23,803,121 | 9,495,424 | 14,307,697 | - |
Derivative Instruments: Assets | ||||
Futures Contracts | 1,279 | 1,279 | - | - |
Total Assets | 1,279 | 1,279 | - | - |
Total Derivative Instruments: | 1,279 | 1,279 | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 1,279 | 0 |
Total Equity Risk | 1,279 | 0 |
Total Value of Derivatives | 1,279 | 0 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $20,812,802) | $ | 22,330,314 | ||
Fidelity Central Funds (cost $1,472,807) | 1,472,807 | |||
Total Investment in Securities (cost $22,285,609) | $ | 23,803,121 | ||
Cash | 285 | |||
Foreign currency held at value (cost $63,961) | 63,954 | |||
Receivable for investments sold | 205,029 | |||
Receivable for fund shares sold | 134,893 | |||
Dividends receivable | 20,279 | |||
Distributions receivable from Fidelity Central Funds | 8,886 | |||
Prepaid expenses | 1 | |||
Receivable from investment adviser for expense reductions | 10,719 | |||
Other receivables | 16 | |||
Total assets | 24,247,183 | |||
Liabilities | ||||
Payable for investments purchased | $ | 376,320 | ||
Payable for fund shares redeemed | 67,001 | |||
Accrued management fee | 13,958 | |||
Payable for daily variation margin on futures contracts | 4,293 | |||
Deferred taxes | 39,058 | |||
Custody fee payable | 32,482 | |||
Other payables and accrued expenses | 27,505 | |||
Total liabilities | 560,617 | |||
Net Assets | $ | 23,686,566 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 22,732,635 | ||
Total accumulated earnings (loss) | 953,931 | |||
Net Assets | $ | 23,686,566 | ||
Net Asset Value, offering price and redemption price per share ($23,686,566 ÷ 2,410,120 shares) | $ | 9.83 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 143,788 | ||
Interest | 972 | |||
Income from Fidelity Central Funds | 35,609 | |||
Income before foreign taxes withheld | $ | 180,369 | ||
Less foreign taxes withheld | (18,971) | |||
Total income | 161,398 | |||
Expenses | ||||
Management fee | $ | 56,640 | ||
Custodian fees and expenses | 50,783 | |||
Independent trustees' fees and expenses | 26 | |||
Registration fees | 19,621 | |||
Audit | 44,840 | |||
Legal | 5 | |||
Miscellaneous | 15 | |||
Total expenses before reductions | 171,930 | |||
Expense reductions | (101,950) | |||
Total expenses after reductions | 69,980 | |||
Net Investment income (loss) | 91,418 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $13,281) | (231,926) | |||
Fidelity Central Funds | (11) | |||
Foreign currency transactions | (19,750) | |||
Futures contracts | 47,455 | |||
Total net realized gain (loss) | (204,232) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $36,374) | 1,644,961 | |||
Assets and liabilities in foreign currencies | (630) | |||
Futures contracts | 1,085 | |||
Total change in net unrealized appreciation (depreciation) | 1,645,416 | |||
Net gain (loss) | 1,441,184 | |||
Net increase (decrease) in net assets resulting from operations | $ | 1,532,602 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 91,418 | $ | 54,873 |
Net realized gain (loss) | (204,232) | (226,900) | ||
Change in net unrealized appreciation (depreciation) | 1,645,416 | 215,084 | ||
Net increase (decrease) in net assets resulting from operations | 1,532,602 | 43,057 | ||
Distributions to shareholders | (102,380) | (19,218) | ||
Share transactions | ||||
Proceeds from sales of shares | 16,854,414 | 4,888,662 | ||
Reinvestment of distributions | 89,859 | 18,756 | ||
Cost of shares redeemed | (945,273) | (446,184) | ||
Net increase (decrease) in net assets resulting from share transactions | 15,999,000 | 4,461,234 | ||
Total increase (decrease) in net assets | 17,429,222 | 4,485,073 | ||
Net Assets | ||||
Beginning of period | 6,257,344 | 1,772,271 | ||
End of period | $ | 23,686,566 | $ | 6,257,344 |
Other Information | ||||
Shares | ||||
Sold | 1,769,376 | 544,845 | ||
Issued in reinvestment of distributions | 9,810 | 2,130 | ||
Redeemed | (99,594) | (49,495) | ||
Net increase (decrease) | 1,679,592 | 497,480 | ||
Fidelity SAI Sustainable Emerging Markets Equity Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 8.57 | $ | 7.60 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .06 | .15 | .06 | |||
Net realized and unrealized gain (loss) | 1.30 | .90 D | (2.46) | |||
Total from investment operations | 1.36 | 1.05 | (2.40) | |||
Distributions from net investment income | (.10) | (.08) | - | |||
Total distributions | (.10) | (.08) | - | |||
Net asset value, end of period | $ | 9.83 | $ | 8.57 | $ | 7.60 |
Total Return E,F | 15.92 % | 13.74% | (24.00)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 2.30% I | 4.99% | 6.38% I,J | |||
Expenses net of fee waivers, if any | .94 % I | .94% | .96% I | |||
Expenses net of all reductions | .94% I | .93% | .96% I | |||
Net investment income (loss) | 1.22% I | 1.65% | 1.27% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 23,687 | $ | 6,257 | $ | 1,772 |
Portfolio turnover rate K | 85 % I | 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 | $2,055,811 |
Gross unrealized depreciation | (774,203) |
Net unrealized appreciation (depreciation) | $1,281,608 |
Tax cost | $22,522,792 |
Short-term | $(220,676) |
Long-term | (37,254) |
Total capital loss carryforward | $(257,930) |
Equity Risk | Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment. |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 20,776,337 | 5,893,339 |
Amount ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 21 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 98,849 | 98,929 | 3,861 |
Amount ($) | |
Fidelity SAI Sustainable Emerging Markets Equity Fund | 12 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® SAI Sustainable Emerging Markets Equity Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,159.20 | $ 5.05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.19 | $ 4.72 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
The Toronto-Dominion Bank (Banks) | 6.7 | |
Canadian Natural Resources Ltd. (Oil, Gas & Consumable Fuels) | 6.1 | |
Canadian Pacific Kansas City Ltd. (Ground Transportation) | 6.0 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Consumer Staples Distribution & Retail) | 4.9 | |
Royal Bank of Canada (Banks) | 4.8 | |
Bank of Montreal (Banks) | 4.6 | |
Constellation Software, Inc. (Software) | 4.4 | |
Suncor Energy, Inc. (Oil, Gas & Consumable Fuels) | 3.9 | |
PrairieSky Royalty Ltd. (Oil, Gas & Consumable Fuels) | 3.5 | |
Shopify, Inc. Class A (IT Services) | 3.5 | |
48.4 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 28.2 | |
Energy | 19.1 | |
Industrials | 13.4 | |
Materials | 10.7 | |
Information Technology | 9.3 | |
Consumer Staples | 8.2 | |
Consumer Discretionary | 6.4 | |
Communication Services | 2.3 | |
Health Care | 0.8 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.2% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 2.2% | |||
Diversified Telecommunication Services - 1.2% | |||
Quebecor, Inc.: | |||
Class A | 2,015,000 | 41,129,917 | |
Class B (sub. vtg.) | 1,056,900 | 21,872,721 | |
63,002,638 | |||
Wireless Telecommunication Services - 1.0% | |||
Rogers Communications, Inc. Class B (non-vtg.) | 1,437,500 | 53,849,472 | |
TOTAL COMMUNICATION SERVICES | 116,852,110 | ||
CONSUMER DISCRETIONARY - 6.4% | |||
Broadline Retail - 2.8% | |||
Dollarama, Inc. | 1,761,200 | 146,919,121 | |
Hotels, Restaurants & Leisure - 2.3% | |||
Restaurant Brands International, Inc. | 1,638,800 | 124,328,095 | |
Specialty Retail - 0.7% | |||
Aritzia, Inc. (a) | 732,600 | 18,966,233 | |
Diversified Royalty Corp. (b) | 10,428,700 | 21,135,418 | |
40,101,651 | |||
Textiles, Apparel & Luxury Goods - 0.6% | |||
Canada Goose Holdings, Inc. (a)(c) | 562,632 | 6,351,143 | |
Gildan Activewear, Inc. | 746,800 | 25,886,969 | |
32,238,112 | |||
TOTAL CONSUMER DISCRETIONARY | 343,586,979 | ||
CONSUMER STAPLES - 8.2% | |||
Beverages - 0.0% | |||
GURU Organic Energy Corp. (a)(b) | 1,592,834 | 2,938,872 | |
Consumer Staples Distribution & Retail - 7.8% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 4,740,100 | 262,717,198 | |
Metro, Inc. | 2,197,300 | 112,398,842 | |
North West Co., Inc. | 1,408,700 | 39,928,431 | |
415,044,471 | |||
Personal Care Products - 0.4% | |||
Jamieson Wellness, Inc. (d) | 1,027,300 | 19,513,961 | |
TOTAL CONSUMER STAPLES | 437,497,304 | ||
ENERGY - 19.1% | |||
Energy Equipment & Services - 0.7% | |||
Pason Systems, Inc. | 3,480,500 | 39,566,938 | |
Oil, Gas & Consumable Fuels - 18.4% | |||
Cameco Corp. | 1,642,400 | 74,934,910 | |
Canadian Natural Resources Ltd. | 4,325,300 | 327,763,263 | |
Enbridge, Inc. (c) | 3,130,500 | 111,312,225 | |
MEG Energy Corp. (a) | 120,300 | 2,736,057 | |
Parkland Corp. | 2,260,600 | 69,641,555 | |
PrairieSky Royalty Ltd. (c) | 9,814,480 | 187,000,189 | |
Suncor Energy, Inc. | 5,406,400 | 206,296,584 | |
979,684,783 | |||
TOTAL ENERGY | 1,019,251,721 | ||
FINANCIALS - 28.2% | |||
Banks - 16.1% | |||
Bank of Montreal (c) | 2,778,500 | 248,191,004 | |
Royal Bank of Canada (c) | 2,637,700 | 255,195,775 | |
The Toronto-Dominion Bank (c) | 5,988,130 | 355,246,847 | |
858,633,626 | |||
Capital Markets - 5.8% | |||
Brookfield Asset Management Ltd. Class A | 2,263,572 | 86,471,690 | |
Brookfield Corp. (Canada) Class A | 3,376,188 | 135,425,200 | |
TMX Group Ltd. | 3,299,600 | 87,364,559 | |
309,261,449 | |||
Insurance - 6.3% | |||
Definity Financial Corp. | 2,366,624 | 78,890,332 | |
Intact Financial Corp. | 678,200 | 111,470,827 | |
Sun Life Financial, Inc. | 2,884,300 | 147,268,694 | |
337,629,853 | |||
TOTAL FINANCIALS | 1,505,524,928 | ||
HEALTH CARE - 0.8% | |||
Health Care Providers & Services - 0.8% | |||
Andlauer Healthcare Group, Inc. | 1,334,570 | 40,435,052 | |
INDUSTRIALS - 13.4% | |||
Commercial Services & Supplies - 2.3% | |||
GFL Environmental, Inc. | 3,898,114 | 124,391,928 | |
Ground Transportation - 8.7% | |||
Canadian National Railway Co. | 1,177,500 | 142,918,298 | |
Canadian Pacific Kansas City Ltd. (c) | 4,065,721 | 318,961,151 | |
461,879,449 | |||
Professional Services - 2.4% | |||
Thomson Reuters Corp. | 838,400 | 126,632,413 | |
TOTAL INDUSTRIALS | 712,903,790 | ||
INFORMATION TECHNOLOGY - 9.2% | |||
IT Services - 3.5% | |||
Shopify, Inc. Class A (a) | 2,650,200 | 186,061,693 | |
Software - 5.7% | |||
ApplyBoard, Inc. (a)(e)(f) | 10,248 | 601,148 | |
ApplyBoard, Inc. (non-vtg.) (a)(e)(f) | 2,527 | 148,234 | |
Computer Modelling Group Ltd. | 2,269,200 | 18,098,875 | |
Constellation Software, Inc. | 91,800 | 236,345,407 | |
Constellation Software, Inc. warrants 3/31/40 (a)(f) | 47,800 | 3 | |
Dye & Durham Ltd. (b) | 3,717,600 | 39,642,878 | |
Lumine Group, Inc. (a) | 429,940 | 11,777,167 | |
306,613,712 | |||
TOTAL INFORMATION TECHNOLOGY | 492,675,405 | ||
MATERIALS - 10.7% | |||
Chemicals - 1.9% | |||
Nutrien Ltd. | 1,892,278 | 99,778,782 | |
Containers & Packaging - 1.1% | |||
CCL Industries, Inc.: | |||
Class A | 152,400 | 7,914,195 | |
Class B | 995,100 | 50,815,770 | |
58,729,965 | |||
Metals & Mining - 7.1% | |||
First Quantum Minerals Ltd. | 956,500 | 12,145,149 | |
Franco-Nevada Corp. | 1,506,519 | 181,353,524 | |
Lundin Mining Corp. | 4,137,400 | 47,245,072 | |
Triple Flag Precious Metals Corp. | 882,730 | 14,234,995 | |
Wheaton Precious Metals Corp. | 2,421,000 | 126,128,006 | |
381,106,746 | |||
Paper & Forest Products - 0.6% | |||
Stella-Jones, Inc. | 578,800 | 33,626,865 | |
TOTAL MATERIALS | 573,242,358 | ||
TOTAL COMMON STOCKS (Cost $3,610,806,898) | 5,241,969,647 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
INFORMATION TECHNOLOGY - 0.1% | |||
Software - 0.1% | |||
ApplyBoard, Inc.: | |||
Series A1 (a)(e)(f) | 12,606 | 739,468 | |
Series A2 (a)(e)(f) | 9,868 | 578,857 | |
Series A3 (a)(e)(f) | 563 | 33,026 | |
Series D (a)(e)(f) | 27,521 | 1,614,382 | |
Series Seed (a)(e)(f) | 3,768 | 221,031 | |
(Cost $4,705,692) | 3,186,764 | ||
Convertible Bonds - 0.1% | |||
Principal Amount (g) | Value ($) | ||
COMMUNICATION SERVICES - 0.1% | |||
Entertainment - 0.1% | |||
Cineplex, Inc. 7.75% 3/1/30 (d) (Cost $5,450,602) | CAD | 8,148,000 | 6,536,275 |
Money Market Funds - 5.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (h) | 10,637,577 | 10,639,704 | |
Fidelity Securities Lending Cash Central Fund 5.39% (h)(i) | 276,682,028 | 276,709,696 | |
TOTAL MONEY MARKET FUNDS (Cost $287,349,400) | 287,349,400 | ||
TOTAL INVESTMENT IN SECURITIES - 103.8% (Cost $3,908,312,592) | 5,539,042,086 |
NET OTHER ASSETS (LIABILITIES) - (3.8)% | (204,044,550) |
NET ASSETS - 100.0% | 5,334,997,536 |
CAD | - | Canadian dollar |
(a) | Non-income producing |
(b) | Affiliated company |
(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 $26,050,236 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 $3,936,146 or 0.1% of net assets. |
(f) | Level 3 security |
(g) | Amount is stated in United States dollars unless otherwise noted. |
(h) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(i) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ApplyBoard, Inc. | 6/04/21 - 6/30/21 | 524,312 |
ApplyBoard, Inc. (non-vtg.) | 6/30/21 | 269,861 |
ApplyBoard, Inc. Series A1 | 6/04/21 | 816,255 |
ApplyBoard, Inc. Series A2 | 6/04/21 | 638,966 |
ApplyBoard, Inc. Series A3 | 6/04/21 | 36,455 |
ApplyBoard, Inc. Series D | 6/04/21 | 2,970,033 |
ApplyBoard, Inc. Series Seed | 6/04/21 | 243,983 |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 11,237,729 | 140,816,088 | 141,414,117 | 229,901 | 4 | - | 10,639,704 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 223,158,876 | 3,840,233,992 | 3,786,683,172 | 1,130,226 | - | - | 276,709,696 | 1.0% |
Total | 234,396,605 | 3,981,050,080 | 3,928,097,289 | 1,360,127 | 4 | - | 287,349,400 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Diversified Royalty Corp. | 7,539,965 | 12,365,144 | 274,789 | 491,128 | 92,015 | 1,413,083 | 21,135,418 |
Dye & Durham Ltd. | 21,565,749 | 1,119,336 | 803,325 | 86,347 | 353,270 | 17,407,848 | 39,642,878 |
GURU Organic Energy Corp. | 2,630,712 | - | 67,481 | - | (78,276) | 453,917 | 2,938,872 |
Total | 31,736,426 | 13,484,480 | 1,145,595 | 577,475 | 367,009 | 19,274,848 | 63,717,168 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 116,852,110 | 116,852,110 | - | - |
Consumer Discretionary | 343,586,979 | 343,586,979 | - | - |
Consumer Staples | 437,497,304 | 437,497,304 | - | - |
Energy | 1,019,251,721 | 1,019,251,721 | - | - |
Financials | 1,505,524,928 | 1,505,524,928 | - | - |
Health Care | 40,435,052 | 40,435,052 | - | - |
Industrials | 712,903,790 | 712,903,790 | - | - |
Information Technology | 495,862,169 | 491,926,020 | - | 3,936,149 |
Materials | 573,242,358 | 573,242,358 | - | - |
Corporate Bonds | 6,536,275 | - | 6,536,275 | - |
Money Market Funds | 287,349,400 | 287,349,400 | - | - |
Total Investments in Securities: | 5,539,042,086 | 5,528,569,662 | 6,536,275 | 3,936,149 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $260,974,288) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,546,769,079) | $ | 5,187,975,518 | ||
Fidelity Central Funds (cost $287,349,400) | 287,349,400 | |||
Other affiliated issuers (cost $74,194,113) | 63,717,168 | |||
Total Investment in Securities (cost $3,908,312,592) | $ | 5,539,042,086 | ||
Cash | 32,978 | |||
Foreign currency held at value (cost $53,546,846) | 53,035,344 | |||
Receivable for investments sold | 1,408,781 | |||
Receivable for fund shares sold | 20,316,148 | |||
Dividends receivable | 9,085,149 | |||
Interest receivable | 40,215 | |||
Distributions receivable from Fidelity Central Funds | 304,296 | |||
Total assets | 5,623,264,997 | |||
Liabilities | ||||
Payable for investments purchased | $ | 8,158,705 | ||
Payable for fund shares redeemed | 3,386,325 | |||
Other payables and accrued expenses | 14,507 | |||
Collateral on securities loaned | 276,707,924 | |||
Total liabilities | 288,267,461 | |||
Net Assets | $ | 5,334,997,536 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,668,194,354 | ||
Total accumulated earnings (loss) | 1,666,803,182 | |||
Net Assets | $ | 5,334,997,536 | ||
Net Asset Value, offering price and redemption price per share ($5,334,997,536 ÷ 358,360,408 shares) | $ | 14.89 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends (including $577,475 earned from affiliated issuers) | $ | 64,158,591 | ||
Interest | 11,001 | |||
Income from Fidelity Central Funds (including $1,130,226 from security lending) | 1,360,127 | |||
Income before foreign taxes withheld | $ | 65,529,719 | ||
Less foreign taxes withheld | (9,933,864) | |||
Total income | 55,595,855 | |||
Expenses | ||||
Custodian fees and expenses | $ | 20,947 | ||
Independent trustees' fees and expenses | 12,757 | |||
Interest | 5,410 | |||
Total expenses | 39,114 | |||
Net Investment income (loss) | 55,556,741 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 7,113,569 | |||
Redemptions in-kind | 57,156,890 | |||
Fidelity Central Funds | 4 | |||
Other affiliated issuers | 367,009 | |||
Foreign currency transactions | 1,564,002 | |||
Total net realized gain (loss) | 66,201,474 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 629,781,771 | |||
Affiliated issuers | 19,274,848 | |||
Assets and liabilities in foreign currencies | 689,940 | |||
Total change in net unrealized appreciation (depreciation) | 649,746,559 | |||
Net gain (loss) | 715,948,033 | |||
Net increase (decrease) in net assets resulting from operations | $ | 771,504,774 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 55,556,741 | $ | 123,964,624 |
Net realized gain (loss) | 66,201,474 | 139,602,476 | ||
Change in net unrealized appreciation (depreciation) | 649,746,559 | (116,351,477) | ||
Net increase (decrease) in net assets resulting from operations | 771,504,774 | 147,215,623 | ||
Distributions to shareholders | (173,039,225) | (160,606,918) | ||
Share transactions | ||||
Proceeds from sales of shares | 564,172,874 | 675,016,952 | ||
Reinvestment of distributions | 173,039,225 | 160,606,918 | ||
Cost of shares redeemed | (518,239,243) | (1,711,870,454) | ||
Net increase (decrease) in net assets resulting from share transactions | 218,972,856 | (876,246,584) | ||
Total increase (decrease) in net assets | 817,438,405 | (889,637,879) | ||
Net Assets | ||||
Beginning of period | 4,517,559,131 | 5,407,197,010 | ||
End of period | $ | 5,334,997,536 | $ | 4,517,559,131 |
Other Information | ||||
Shares | ||||
Sold | 38,332,607 | 49,168,680 | ||
Issued in reinvestment of distributions | 12,457,828 | 12,084,794 | ||
Redeemed | (35,360,061) | (122,728,311) | ||
Net increase (decrease) | 15,430,374 | (61,474,837) | ||
Fidelity® Series Canada Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.17 | $ | 13.37 | $ | 14.77 | $ | 9.77 | $ | 10.89 | $ | 9.99 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .16 | .33 | .32 | .28 | .27 | .27 | ||||||
Net realized and unrealized gain (loss) | 2.06 | (.12) | (1.40) | 4.97 | (1.14) | .86 | ||||||
Total from investment operations | 2.22 | .21 | (1.08) | 5.25 | (.87) | 1.13 | ||||||
Distributions from net investment income | (.38) | (.40) | (.32) | (.25) | (.25) | (.23) | ||||||
Distributions from net realized gain | (.12) | (.01) | - | - | - | - | ||||||
Total distributions | (.50) | (.41) | (.32) | (.25) | (.25) | (.23) | ||||||
Net asset value, end of period | $ | 14.89 | $ | 13.17 | $ | 13.37 | $ | 14.77 | $ | 9.77 | $ | 10.89 |
Total Return C,D | 17.15 % | 1.54% | (7.45)% | 54.40% | (8.22)% | 11.62% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | -% G,H | .01% | -% G | -% G | -% G | -% G | ||||||
Expenses net of fee waivers, if any | - % G,H | .01% | -% G | -% G | -% G | -% G | ||||||
Expenses net of all reductions | -% G,H | .01% | -% G | -% G | -% G | -% G | ||||||
Net investment income (loss) | 2.14% H | 2.41% | 2.29% | 2.13% | 2.70% | 2.63% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,334,998 | $ | 4,517,559 | $ | 5,407,197 | $ | 6,065,145 | $ | 3,914,417 | $ | 1,916,409 |
Portfolio turnover rate I | 6 % H,J | 15% J | 19% J | 19% | 14% | 12% 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 | $1,669,914,021 |
Gross unrealized depreciation | (104,392,843) |
Net unrealized appreciation (depreciation) | $1,565,521,178 |
Tax cost | $3,973,520,908 |
Purchases ($) | Sales ($) | |
Fidelity Series Canada Fund | 380,415,856 | 159,373,155 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Canada Fund | 7,890,056 | 57,156,890 | 115,343,962 |
Shares | Total net realized gain or loss ($) | 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 ($) | |
Fidelity Series Canada Fund | Borrower | 34,932,000 | 5.58% | 5,410 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Series Canada Fund | 37,089,707 | 7,532,711 | 131,941 |
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 | 124,299 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Series Canada Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 1,171.50 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.86 | $-E | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 9.7 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 5.5 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 5.5 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 2.8 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 1.9 | |
HDFC Bank Ltd. (India, Banks) | 1.8 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.6 | |
SK Hynix, Inc. (Korea (South), Semiconductors & Semiconductor Equipment) | 1.6 | |
Hindustan Aeronautics Ltd. (India, Aerospace & Defense) | 1.6 | |
ICICI Bank Ltd. (India, Banks) | 1.6 | |
33.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 23.0 | |
Financials | 21.4 | |
Consumer Discretionary | 15.5 | |
Communication Services | 11.0 | |
Industrials | 6.6 | |
Materials | 6.4 | |
Energy | 4.3 | |
Consumer Staples | 4.2 | |
Health Care | 2.9 | |
Utilities | 1.4 | |
Real Estate | 1.1 | |
Asset Allocation (% of Fund's net assets) |
Futures - 0.1% |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.7% | |||
Shares | Value ($) | ||
Brazil - 4.7% | |||
Banco BTG Pactual SA unit | 7,360,834 | 47,346,581 | |
Banco do Brasil SA | 6,327,876 | 33,414,929 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 23,232,205 | 16,509,424 | |
Localiza Rent a Car SA | 708,945 | 6,694,060 | |
Lojas Renner SA | 5,230,200 | 15,441,006 | |
Nu Holdings Ltd. (a) | 5,161,510 | 56,053,999 | |
Raia Drogasil SA | 3,988,199 | 19,646,830 | |
Suzano SA | 906,900 | 10,210,179 | |
Vale SA | 967,379 | 11,790,898 | |
Vale SA sponsored ADR | 2,743,383 | 33,386,971 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 11,562,933 | 15,832,618 | |
TOTAL BRAZIL | 266,327,495 | ||
China - 29.4% | |||
Airtac International Group | 1,207,773 | 42,686,204 | |
Alibaba Group Holding Ltd. | 17,043,179 | 159,576,386 | |
Anta Sports Products Ltd. | 4,974,282 | 56,313,810 | |
Baidu, Inc. sponsored ADR (a) | 119,651 | 12,371,913 | |
BYD Co. Ltd. (H Shares) | 1,971,871 | 54,054,078 | |
China Construction Bank Corp. (H Shares) | 46,709,778 | 30,220,809 | |
China Life Insurance Co. Ltd. (H Shares) | 35,401,697 | 46,621,318 | |
China Merchants Bank Co. Ltd. (H Shares) | 8,333,500 | 36,091,202 | |
Flat Glass Group Co. Ltd. (c) | 9,666,369 | 23,284,100 | |
Fuyao Glass Industries Group Co. Ltd. (A Shares) | 3,246,300 | 22,320,890 | |
Haier Smart Home Co. Ltd. | 3,905,000 | 14,464,217 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 43,798,566 | 23,486,042 | |
Innovent Biologics, Inc. (a)(b) | 5,559,962 | 26,915,578 | |
JD.com, Inc. sponsored ADR (c) | 1,066,780 | 30,819,274 | |
Kuaishou Technology Class B (a)(b) | 2,019,500 | 14,158,128 | |
Kweichow Moutai Co. Ltd. (A Shares) | 220,125 | 51,611,870 | |
Lenovo Group Ltd. | 1,272,036 | 1,430,735 | |
Li Auto, Inc. ADR (a) | 527,118 | 13,852,661 | |
Li Ning Co. Ltd. | 5,532,093 | 14,482,294 | |
Meituan Class B (a)(b) | 6,775,275 | 92,513,204 | |
NetEase, Inc. ADR | 450,720 | 42,128,798 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 838,751 | 64,667,702 | |
PDD Holdings, Inc. ADR (a) | 627,637 | 78,567,600 | |
PetroChina Co. Ltd. (H Shares) | 59,778,039 | 55,697,682 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 7,172,970 | 32,508,497 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 1,156,819 | 48,574,622 | |
Sinotruk Hong Kong Ltd. | 31,053,260 | 77,282,575 | |
Tencent Holdings Ltd. | 7,028,845 | 308,448,214 | |
Trip.com Group Ltd. ADR (a) | 1,330,975 | 64,232,854 | |
Zhongji Innolight Co. Ltd. (A Shares) | 1,313,500 | 33,109,484 | |
Zijin Mining Group Co. Ltd. (H Shares) | 39,248,724 | 85,619,971 | |
TOTAL CHINA | 1,658,112,712 | ||
Greece - 0.5% | |||
Athens International Airport SA | 585,600 | 5,193,354 | |
OPAP SA | 1,346,102 | 22,424,703 | |
TOTAL GREECE | 27,618,057 | ||
Hungary - 1.2% | |||
OTP Bank PLC | 792,886 | 39,344,080 | |
Richter Gedeon PLC | 1,087,333 | 27,688,964 | |
TOTAL HUNGARY | 67,033,044 | ||
India - 15.3% | |||
Axis Bank Ltd. | 3,249,666 | 45,346,248 | |
Bharti Airtel Ltd. | 4,957,490 | 78,448,242 | |
Computer Age Management Services Private Ltd. | 451,208 | 17,289,074 | |
HDFC Bank Ltd. | 5,635,394 | 102,312,975 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 4,201,365 | 29,317,390 | |
Hindustan Aeronautics Ltd. | 1,935,672 | 91,321,485 | |
ICICI Bank Ltd. | 6,529,151 | 89,939,249 | |
Infosys Ltd. | 1,434,020 | 24,205,854 | |
Larsen & Toubro Ltd. | 1,358,550 | 58,381,912 | |
Mankind Pharma Ltd. | 880,475 | 24,883,785 | |
NHPC Ltd. | 18,435,000 | 21,215,594 | |
NTPC Ltd. | 12,934,597 | 56,196,940 | |
Reliance Industries Ltd. | 2,966,124 | 104,093,982 | |
SRF Ltd. | 189,165 | 5,923,666 | |
Tata Consultancy Services Ltd. | 354,732 | 16,185,405 | |
Tata Steel Ltd. | 8,782,099 | 17,306,206 | |
Ultratech Cement Ltd. | 233,968 | 27,896,120 | |
Zomato Ltd. (a) | 24,268,028 | 55,992,916 | |
TOTAL INDIA | 866,257,043 | ||
Indonesia - 1.8% | |||
PT Bank Central Asia Tbk | 96,904,800 | 58,267,364 | |
PT Bank Mandiri (Persero) Tbk | 40,566,055 | 17,146,345 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 36,700,745 | 11,109,447 | |
PT Telkom Indonesia Persero Tbk | 70,790,127 | 13,723,268 | |
TOTAL INDONESIA | 100,246,424 | ||
Korea (South) - 13.0% | |||
AMOREPACIFIC Corp. | 329,995 | 40,108,946 | |
BGF Retail Co. Ltd. | 28,952 | 2,721,830 | |
Hana Financial Group, Inc. | 224,640 | 9,448,075 | |
Hyundai Motor Co. Ltd. | 360,071 | 64,586,794 | |
JYP Entertainment Corp. | 136,705 | 6,520,146 | |
KB Financial Group, Inc. | 603,156 | 32,621,754 | |
Kia Corp. | 376,052 | 31,770,918 | |
Korea Aerospace Industries Ltd. | 582,199 | 21,617,533 | |
KT&G Corp. | 83,920 | 5,392,313 | |
LG Corp. | 141,098 | 8,028,224 | |
NAVER Corp. | 374,614 | 49,273,094 | |
Samsung Biologics Co. Ltd. (a)(b) | 32,625 | 18,285,796 | |
Samsung Electronics Co. Ltd. | 5,616,501 | 311,328,409 | |
Samsung Fire & Marine Insurance Co. Ltd. | 41,020 | 9,155,627 | |
SK Hynix, Inc. | 749,267 | 92,204,956 | |
SK Square Co. Ltd. (a) | 554,390 | 30,374,283 | |
TOTAL KOREA (SOUTH) | 733,438,698 | ||
Mexico - 5.0% | |||
America Movil S.A.B. de CV Series L | 20,953,374 | 19,949,479 | |
CEMEX S.A.B. de CV sponsored ADR (a) | 4,181,608 | 33,076,519 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 1,048,981 | 37,249,315 | |
Fomento Economico Mexicano S.A.B. de CV sponsored ADR | 191,797 | 22,566,835 | |
Gruma S.A.B. de CV Series B | 2,374,633 | 46,639,465 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 8,697,814 | 86,085,803 | |
Grupo Mexico SA de CV Series B | 3,025,700 | 18,695,641 | |
Wal-Mart de Mexico SA de CV Series V | 4,080,924 | 15,227,159 | |
TOTAL MEXICO | 279,490,216 | ||
Peru - 0.5% | |||
Credicorp Ltd. (United States) | 171,335 | 28,374,789 | |
Philippines - 0.4% | |||
Ayala Land, Inc. | 49,348,100 | 24,483,437 | |
Poland - 0.8% | |||
Powszechna Kasa Oszczednosci Bank SA | 3,133,635 | 46,891,738 | |
Russia - 0.0% | |||
LUKOIL PJSC (a)(d) | 568,462 | 175,196 | |
Sberbank of Russia (a)(d) | 5,098,115 | 31,211 | |
TOTAL RUSSIA | 206,407 | ||
Saudi Arabia - 2.8% | |||
Al Rajhi Bank | 2,374,087 | 50,575,788 | |
Alinma Bank | 5,095,892 | 45,312,216 | |
Sabic Agriculture-Nutrients Co. | 251,400 | 7,761,990 | |
The Saudi National Bank | 5,671,954 | 56,861,694 | |
TOTAL SAUDI ARABIA | 160,511,688 | ||
Singapore - 0.6% | |||
Sea Ltd. ADR (a) | 571,000 | 36,081,490 | |
South Africa - 4.0% | |||
Absa Group Ltd. | 825,017 | 6,361,768 | |
African Rainbow Minerals Ltd. (c) | 2,746,523 | 28,371,959 | |
Bid Corp. Ltd. | 478,842 | 10,914,189 | |
Capitec Bank Holdings Ltd. | 359,101 | 44,443,384 | |
FirstRand Ltd. | 5,061,585 | 17,473,361 | |
Gold Fields Ltd. sponsored ADR (c) | 486,700 | 7,869,939 | |
Impala Platinum Holdings Ltd. | 3,322,956 | 14,792,320 | |
MTN Group Ltd. | 4,531,016 | 21,716,288 | |
Naspers Ltd. Class N | 72,209 | 13,819,187 | |
Northam Platinum Holdings Ltd. | 1,224,646 | 8,114,112 | |
Pepkor Holdings Ltd. (b) | 12,594,415 | 11,880,915 | |
Shoprite Holdings Ltd. | 1,563,000 | 20,854,040 | |
Standard Bank Group Ltd. | 2,127,012 | 19,974,269 | |
TOTAL SOUTH AFRICA | 226,585,731 | ||
Taiwan - 15.2% | |||
Alchip Technologies Ltd. | 511,481 | 48,154,580 | |
Chailease Holding Co. Ltd. | 7,553,920 | 39,770,517 | |
eMemory Technology, Inc. | 202,403 | 13,579,831 | |
Formosa Plastics Corp. | 5,461,561 | 11,453,993 | |
HIWIN Technologies Corp. | 111,901 | 789,898 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 9,243,000 | 43,921,685 | |
International Games Systems Co. Ltd. | 127,165 | 3,881,949 | |
MediaTek, Inc. | 1,375,925 | 41,412,002 | |
Quanta Computer, Inc. | 2,290,000 | 17,940,521 | |
Realtek Semiconductor Corp. | 748,585 | 11,788,051 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 22,791,771 | 544,750,576 | |
Unimicron Technology Corp. | 2,932,009 | 16,185,257 | |
Wiwynn Corp. | 315,000 | 22,368,968 | |
Yageo Corp. | 2,166,540 | 41,252,197 | |
TOTAL TAIWAN | 857,250,025 | ||
Thailand - 0.7% | |||
PTT Exploration and Production PCL (For. Reg.) | 9,642,926 | 40,230,663 | |
United Kingdom - 0.8% | |||
AngloGold Ashanti PLC (c) | 1,847,300 | 42,469,427 | |
TOTAL COMMON STOCKS (Cost $4,687,647,690) | 5,461,609,084 | ||
Nonconvertible Preferred Stocks - 1.1% | |||
Shares | Value ($) | ||
Brazil - 1.1% | |||
Itau Unibanco Holding SA | 3,703,211 | 22,365,038 | |
Petroleo Brasileiro SA - Petrobras sponsored ADR | 2,280,180 | 38,694,655 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $48,205,857) | 61,059,693 | ||
Government Obligations - 0.1% | |||
Principal Amount (e) | Value ($) | ||
United States of America - 0.1% | |||
U.S. Treasury Bills, yield at date of purchase 5.27% to 5.32% 5/2/24 to 6/27/24 (f) (Cost $3,442,710) | 3,460,000 | 3,442,533 | |
Money Market Funds - 4.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (g) | 223,655,386 | 223,700,117 | |
Fidelity Securities Lending Cash Central Fund 5.39% (g)(h) | 43,043,441 | 43,047,746 | |
TOTAL MONEY MARKET FUNDS (Cost $266,747,863) | 266,747,863 | ||
TOTAL INVESTMENT IN SECURITIES - 102.6% (Cost $5,006,044,120) | 5,792,859,173 |
NET OTHER ASSETS (LIABILITIES) - (2.6)% | (144,674,732) |
NET ASSETS - 100.0% | 5,648,184,441 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount ($) | Value ($) | Unrealized Appreciation/ (Depreciation) ($) | |
Purchased | |||||
Equity Index Contracts | |||||
ICE MSCI Emerging Markets Index Contracts (United States) | 105 | Jun 2024 | 5,470,500 | (36,911) | (36,911) |
The notional amount of futures purchased as a percentage of Net Assets is 0.1% |
(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 $209,580,435 or 3.7% 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 $2,753,179. |
(g) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(h) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 315,028,737 | 928,912,213 | 1,020,240,277 | 8,423,745 | (556) | - | 223,700,117 | 0.4% |
Fidelity Securities Lending Cash Central Fund 5.39% | 48,137,657 | 286,155,995 | 291,245,906 | 378,701 | - | - | 43,047,746 | 0.2% |
Total | 363,166,394 | 1,215,068,208 | 1,311,486,183 | 8,802,446 | (556) | - | 266,747,863 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 606,701,009 | 110,531,680 | 496,169,329 | - |
Consumer Discretionary | 881,781,409 | 290,005,800 | 591,775,609 | - |
Consumer Staples | 235,683,477 | 104,080,289 | 131,603,188 | - |
Energy | 238,892,178 | 38,694,655 | 200,022,327 | 175,196 |
Financials | 1,214,273,507 | 512,626,655 | 701,615,641 | 31,211 |
Health Care | 162,858,169 | 44,198,388 | 118,659,781 | - |
Industrials | 375,491,220 | 27,720,032 | 347,771,188 | - |
Information Technology | 1,303,102,611 | - | 1,303,102,611 | - |
Materials | 364,739,911 | 165,261,564 | 199,478,347 | - |
Real Estate | 61,732,752 | 37,249,315 | 24,483,437 | - |
Utilities | 77,412,534 | - | 77,412,534 | - |
Government Obligations | 3,442,533 | - | 3,442,533 | - |
Money Market Funds | 266,747,863 | 266,747,863 | - | - |
Total Investments in Securities: | 5,792,859,173 | 1,597,116,241 | 4,195,536,525 | 206,407 |
Derivative Instruments: Liabilities | ||||
Futures Contracts | (36,911) | (36,911) | - | - |
Total Liabilities | (36,911) | (36,911) | - | - |
Total Derivative Instruments: | (36,911) | (36,911) | - | - |
Primary Risk Exposure / Derivative Type | Value | |
Asset ($) | Liability ($) | |
Equity Risk | ||
Futures Contracts (a) | 0 | (36,911) |
Total Equity Risk | 0 | (36,911) |
Total Value of Derivatives | 0 | (36,911) |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $39,167,933) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $4,739,296,257) | $ | 5,526,111,310 | ||
Fidelity Central Funds (cost $266,747,863) | 266,747,863 | |||
Total Investment in Securities (cost $5,006,044,120) | $ | 5,792,859,173 | ||
Foreign currency held at value (cost $2,460,280) | 2,436,453 | |||
Receivable for investments sold | 59,561,407 | |||
Receivable for fund shares sold | 144,982 | |||
Dividends receivable | 6,055,813 | |||
Distributions receivable from Fidelity Central Funds | 1,343,112 | |||
Receivable from investment adviser for expense reductions | 77,305 | |||
Total assets | 5,862,478,245 | |||
Liabilities | ||||
Payable for investments purchased | $ | 47,986,069 | ||
Payable for fund shares redeemed | 90,417,991 | |||
Payable for daily variation margin on futures contracts | 1,217,185 | |||
Deferred taxes | 30,990,915 | |||
Other payables and accrued expenses | 633,898 | |||
Collateral on securities loaned | 43,047,746 | |||
Total liabilities | 214,293,804 | |||
Net Assets | $ | 5,648,184,441 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 5,477,743,610 | ||
Total accumulated earnings (loss) | 170,440,831 | |||
Net Assets | $ | 5,648,184,441 | ||
Net Asset Value, offering price and redemption price per share ($5,648,184,441 ÷ 646,752,879 shares) | $ | 8.73 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 55,300,647 | ||
Interest | 118,700 | |||
Income from Fidelity Central Funds (including $378,701 from security lending) | 8,802,446 | |||
Income before foreign taxes withheld | $ | 64,221,793 | ||
Less foreign taxes withheld | (6,879,515) | |||
Total income | 57,342,278 | |||
Expenses | ||||
Custodian fees and expenses | $ | 893,723 | ||
Independent trustees' fees and expenses | 13,442 | |||
Total expenses before reductions | 907,165 | |||
Expense reductions | (533,007) | |||
Total expenses after reductions | 374,158 | |||
Net Investment income (loss) | 56,968,120 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $8,921,120) | 18,615,087 | |||
Fidelity Central Funds | (556) | |||
Foreign currency transactions | (1,850,395) | |||
Futures contracts | 14,848,247 | |||
Total net realized gain (loss) | 31,612,383 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $24,399,121) | 705,404,138 | |||
Assets and liabilities in foreign currencies | (29,792) | |||
Futures contracts | 3,705,962 | |||
Total change in net unrealized appreciation (depreciation) | 709,080,308 | |||
Net gain (loss) | 740,692,691 | |||
Net increase (decrease) in net assets resulting from operations | $ | 797,660,811 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 56,968,120 | $ | 107,004,651 |
Net realized gain (loss) | 31,612,383 | (280,722,691) | ||
Change in net unrealized appreciation (depreciation) | 709,080,308 | 420,518,956 | ||
Net increase (decrease) in net assets resulting from operations | 797,660,811 | 246,800,916 | ||
Distributions to shareholders | (133,767,184) | (65,273,730) | ||
Share transactions | ||||
Proceeds from sales of shares | 515,044,697 | 2,785,308,852 | ||
Reinvestment of distributions | 133,767,184 | 65,273,730 | ||
Cost of shares redeemed | (569,379,078) | (563,995,467) | ||
Net increase (decrease) in net assets resulting from share transactions | 79,432,803 | 2,286,587,115 | ||
Total increase (decrease) in net assets | 743,326,430 | 2,468,114,301 | ||
Net Assets | ||||
Beginning of period | 4,904,858,011 | 2,436,743,710 | ||
End of period | $ | 5,648,184,441 | $ | 4,904,858,011 |
Other Information | ||||
Shares | ||||
Sold | 61,393,107 | 345,359,955 | ||
Issued in reinvestment of distributions | 16,596,425 | 8,304,546 | ||
Redeemed | (66,980,796) | (69,208,198) | ||
Net increase (decrease) | 11,008,736 | 284,456,303 | ||
Fidelity® Series Emerging Markets Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 7.72 | $ | 6.94 | $ | 11.31 | $ | 9.65 | $ | 9.48 | $ | 8.87 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .09 | .24 | .23 | .20 | .17 | .30 C | ||||||
Net realized and unrealized gain (loss) | 1.13 | .74 | (4.24) | 1.62 | .22 | .35 | ||||||
Total from investment operations | 1.22 | .98 | (4.01) | 1.82 | .39 | .65 | ||||||
Distributions from net investment income | (.21) | (.20) | (.30) | (.16) | (.22) | (.04) | ||||||
Distributions from net realized gain | - | - | (.07) | - | - | - | ||||||
Total distributions | (.21) | (.20) | (.36) D | (.16) | (.22) | (.04) | ||||||
Net asset value, end of period | $ | 8.73 | $ | 7.72 | $ | 6.94 | $ | 11.31 | $ | 9.65 | $ | 9.48 |
Total Return E,F | 15.97 % | 14.04% | (36.53)% | 18.88% | 4.16% | 7.33% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .03% I | .03% | .04% | .04% | .05% | .04% | ||||||
Expenses net of fee waivers, if any | .01 % I | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% I | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 2.04% I | 2.96% | 2.61% | 1.70% | 1.86% | 3.24% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 5,648,184 | $ | 4,904,858 | $ | 2,436,744 | $ | 3,239,693 | $ | 2,995,875 | $ | 2,065,165 |
Portfolio turnover rate J | 84 % I | 90% | 65% | 78% | 117% K | 47% |
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 9.6 | |
Tencent Holdings Ltd. (China, Interactive Media & Services) | 4.6 | |
Samsung Electronics Co. Ltd. (Korea (South), Technology Hardware, Storage & Peripherals) | 4.4 | |
HDFC Bank Ltd. (India, Banks) | 2.2 | |
Alibaba Group Holding Ltd. (China, Broadline Retail) | 2.2 | |
Reliance Industries Ltd. (India, Oil, Gas & Consumable Fuels) | 2.0 | |
PDD Holdings, Inc. ADR (China, Broadline Retail) | 1.9 | |
Sea Ltd. ADR (Singapore, Entertainment) | 1.6 | |
Meituan Class B (China, Hotels, Restaurants & Leisure) | 1.4 | |
China Construction Bank Corp. (H Shares) (China, Banks) | 1.4 | |
31.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 21.9 | |
Financials | 21.4 | |
Consumer Discretionary | 15.4 | |
Communication Services | 9.6 | |
Materials | 7.4 | |
Consumer Staples | 6.1 | |
Industrials | 5.9 | |
Energy | 5.6 | |
Health Care | 3.2 | |
Utilities | 2.9 | |
Real Estate | 1.5 | |
Asset Allocation (% of Fund's net assets) |
Short-Term Investments and Net Other Assets (Liabilities) - (0.9)% |
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 - 97.7% | |||
Shares | Value ($) | ||
Brazil - 6.2% | |||
Cury Construtora e Incorporado SA | 2,713,700 | 10,243,138 | |
Cyrela Brazil Realty SA | 1,904,800 | 7,446,643 | |
Dexco SA | 29,311,511 | 40,812,353 | |
ENGIE Brasil Energia SA | 4,621,800 | 36,404,040 | |
Equatorial Energia SA | 10,071,734 | 59,333,348 | |
Hapvida Participacoes e Investimentos SA (a)(b) | 28,874,200 | 20,518,776 | |
Hypera SA (a) | 2,337,700 | 13,289,856 | |
Localiza Rent a Car SA | 10,021,642 | 94,627,182 | |
LOG Commercial Properties e Participacoes SA | 3,032,151 | 12,688,950 | |
Lojas Renner SA | 13,971,090 | 41,246,545 | |
MercadoLibre, Inc. (a) | 49,729 | 72,539,692 | |
PagSeguro Digital Ltd. (a) | 13,219,949 | 164,588,365 | |
PRIO SA | 7,258,900 | 67,100,720 | |
Raia Drogasil SA | 25,627,992 | 126,249,670 | |
Rede D'Oregon Sao Luiz SA (b) | 783,900 | 3,925,086 | |
Rumo SA | 22,472,500 | 87,248,315 | |
StoneCo Ltd. Class A (a) | 3,565,995 | 55,629,522 | |
Suzano SA | 7,177,600 | 80,807,783 | |
Transmissora Alianca de Energia Eletrica SA | 4,534,900 | 30,758,999 | |
Vale SA sponsored ADR | 13,234,570 | 161,064,717 | |
XP, Inc. Class A | 8,746,465 | 179,040,139 | |
YDUQS Participacoes SA | 8,816,704 | 24,772,891 | |
TOTAL BRAZIL | 1,390,336,730 | ||
Canada - 0.7% | |||
Barrick Gold Corp. | 9,382,700 | 156,128,128 | |
Chile - 1.3% | |||
Antofagasta PLC | 5,946,344 | 164,208,617 | |
Banco de Chile | 1,078,313,300 | 119,619,152 | |
TOTAL CHILE | 283,827,769 | ||
China - 26.8% | |||
Airtac International Group | 2,001,000 | 70,721,148 | |
Akeso, Inc. (a)(b) | 3,033,500 | 18,562,356 | |
Alibaba Group Holding Ltd. | 52,361,232 | 490,261,596 | |
Angelalign Technology, Inc. (b)(c) | 713,600 | 7,148,594 | |
Anta Sports Products Ltd. | 7,486,132 | 84,750,445 | |
Baidu, Inc. Class A (a) | 1,949,753 | 25,260,193 | |
BeiGene Ltd. ADR (a)(c) | 75,191 | 11,574,903 | |
Beijing Enlight Media Co. Ltd. (A Shares) | 14,534,576 | 18,732,275 | |
Bilibili, Inc. ADR (a)(c) | 2,551,753 | 32,254,158 | |
BYD Co. Ltd. (H Shares) | 4,122,539 | 113,009,445 | |
C&S Paper Co. Ltd. (A Shares) | 23,553,300 | 28,863,331 | |
China Communications Services Corp. Ltd. (H Shares) | 76,630,000 | 36,632,740 | |
China Construction Bank Corp. (H Shares) | 491,178,000 | 317,787,780 | |
China Gas Holdings Ltd. | 34,407,800 | 32,217,100 | |
China Jushi Co. Ltd. (A Shares) | 59,489,300 | 97,785,482 | |
China Life Insurance Co. Ltd. (H Shares) | 92,444,690 | 121,742,562 | |
China Merchants Shekou Industrial Zone Holdings Co. Ltd. (A Shares) | 4,509,628 | 5,253,970 | |
China Overseas Land and Investment Ltd. | 8,923,400 | 16,408,999 | |
China Petroleum & Chemical Corp. (H Shares) | 188,906,000 | 112,758,364 | |
China Resources Beer Holdings Co. Ltd. | 14,674,666 | 66,888,043 | |
China Resources Land Ltd. | 15,165,720 | 54,533,459 | |
China Tower Corp. Ltd. (H Shares) (b) | 116,101,434 | 13,590,758 | |
ENN Energy Holdings Ltd. | 7,191,700 | 61,276,112 | |
ESR Group Ltd. (b)(c) | 7,052,600 | 7,728,734 | |
Foxconn Industrial Internet Co. Ltd. (A Shares) | 17,293,500 | 57,141,594 | |
Fuyao Glass Industries Group Co. Ltd. (A Shares) | 9,492,900 | 65,271,225 | |
Glodon Co. Ltd. (A Shares) | 3,742,300 | 5,820,378 | |
Guangdong Investment Ltd. | 43,966,000 | 22,966,316 | |
Haier Smart Home Co. Ltd. | 36,610,216 | 135,605,145 | |
Haier Smart Home Co. Ltd. (A Shares) | 15,787,303 | 65,680,222 | |
Haitian International Holdings Ltd. | 17,388,306 | 56,631,094 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 15,295,918 | 33,799,321 | |
Hygeia Healthcare Holdings Co. (b)(c) | 1,575,000 | 6,500,709 | |
Innovent Biologics, Inc. (a)(b) | 8,499,862 | 41,147,530 | |
JD.com, Inc.: | |||
Class A | 7,343,872 | 105,813,241 | |
sponsored ADR (c) | 538,949 | 15,570,237 | |
Kanzhun Ltd. ADR | 1,228,720 | 24,316,369 | |
KE Holdings, Inc. ADR | 2,563,600 | 38,761,632 | |
Kuaishou Technology Class B (a)(b) | 5,834,498 | 40,903,970 | |
Kunlun Energy Co. Ltd. | 53,666,000 | 52,022,703 | |
Kweichow Moutai Co. Ltd. (A Shares) | 555,410 | 130,224,867 | |
Lenovo Group Ltd. | 24,565,659 | 27,630,463 | |
Li Auto, Inc.: | |||
ADR (a)(c) | 1,672,510 | 43,953,563 | |
Class A (a) | 254,948 | 3,340,303 | |
Li Ning Co. Ltd. | 31,718,600 | 83,035,137 | |
Medlive Technology Co. Ltd. (b) | 11,370,965 | 11,945,516 | |
Meituan Class B (a)(b) | 23,948,732 | 327,008,707 | |
Midea Group Co. Ltd. (A Shares) | 4,642,000 | 44,645,655 | |
NetEase, Inc. ADR | 732,140 | 68,433,126 | |
New Oriental Education & Technology Group, Inc. (a) | 776,878 | 6,173,046 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 1,057,256 | 81,514,438 | |
PDD Holdings, Inc. ADR (a) | 3,340,558 | 418,171,050 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 52,262,500 | 236,858,002 | |
Proya Cosmetics Co. Ltd. (A Shares) | 6,645,722 | 100,268,577 | |
Shangri-La Asia Ltd. | 7,982,000 | 5,567,373 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 12,244,600 | 100,417,501 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 993,039 | 41,697,529 | |
Sichuan Kelun-Biotech Biopharmaceutical Co. Ltd. (H Shares) (c) | 356,900 | 7,591,142 | |
Sinopec Engineering Group Co. Ltd. (H Shares) | 50,619,487 | 32,604,238 | |
Sinopharm Group Co. Ltd. (H Shares) | 10,614,400 | 26,805,204 | |
Sinotruk Hong Kong Ltd. | 16,663,661 | 41,471,028 | |
TAL Education Group ADR (a) | 2,218,517 | 26,710,945 | |
Tencent Holdings Ltd. | 23,653,677 | 1,037,999,048 | |
Tongdao Liepin Group (a) | 6,814,426 | 2,606,004 | |
TravelSky Technology Ltd. (H Shares) | 23,095,000 | 30,001,152 | |
Trip.com Group Ltd. ADR (a) | 2,906,576 | 140,271,358 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 11,249,384 | 81,067,583 | |
Uni-President China Holdings Ltd. | 39,977,000 | 30,657,804 | |
Vipshop Holdings Ltd. ADR | 2,560,468 | 38,509,439 | |
Xiaomi Corp. Class B (a)(b) | 23,531,600 | 51,297,181 | |
Xinyi Solar Holdings Ltd. | 46,102,804 | 31,721,776 | |
Yifeng Pharmacy Chain Co. Ltd. | 1,999,000 | 12,091,640 | |
ZTO Express, Inc. sponsored ADR | 5,494,000 | 115,319,060 | |
TOTAL CHINA | 6,051,303,688 | ||
Greece - 1.1% | |||
Alpha Bank SA (a) | 86,748,700 | 147,430,804 | |
Piraeus Financial Holdings SA (a) | 22,488,996 | 90,089,825 | |
TOTAL GREECE | 237,520,629 | ||
Hong Kong - 0.9% | |||
ASMPT Ltd. | 5,374,053 | 66,787,016 | |
Huanxi Media Group Ltd. (a) | 129,191,425 | 9,352,468 | |
Kerry Properties Ltd. | 6,340,500 | 12,291,794 | |
Prudential PLC | 12,920,314 | 112,372,498 | |
TOTAL HONG KONG | 200,803,776 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 1,499,900 | 38,194,993 | |
India - 17.7% | |||
Apollo Hospitals Enterprise Ltd. | 566,500 | 40,280,877 | |
Bajaj Auto Ltd. | 666,497 | 71,133,520 | |
Bajaj Finance Ltd. | 2,320,277 | 192,417,341 | |
Bharat Electronics Ltd. | 48,715,400 | 136,187,688 | |
Bharti Airtel Ltd. | 15,408,418 | 243,825,666 | |
Coal India Ltd. | 21,648,100 | 117,666,073 | |
Divi's Laboratories Ltd. | 640,752 | 30,671,928 | |
Embassy Office Parks (REIT) | 3,138,289 | 13,416,601 | |
HDFC Bank Ltd. | 28,006,697 | 508,473,494 | |
HDFC Standard Life Insurance Co. Ltd. (b) | 19,888,241 | 138,781,399 | |
Hero Motocorp Ltd. | 1,220,117 | 66,199,429 | |
Hindustan Aeronautics Ltd. | 3,052,700 | 144,020,834 | |
ICICI Bank Ltd. | 13,023,800 | 179,403,231 | |
Indraprastha Gas Ltd. | 9,319,694 | 52,272,140 | |
Infosys Ltd. sponsored ADR (c) | 2,559,422 | 42,767,942 | |
ITC Ltd. | 25,576,654 | 133,324,772 | |
JK Cement Ltd. | 2,870,121 | 137,255,659 | |
Larsen & Toubro Ltd. | 4,078,916 | 175,286,087 | |
Mahanagar Gas Ltd. | 3,070,634 | 53,058,997 | |
Mahindra & Mahindra Ltd. | 1,430,900 | 36,897,987 | |
MakeMyTrip Ltd. (a) | 991,337 | 65,636,423 | |
Mankind Pharma Ltd. | 1,025,684 | 28,987,648 | |
Max Healthcare Institute Ltd. | 1,690,900 | 16,986,933 | |
NTPC Ltd. | 25,256,045 | 109,729,931 | |
Petronet LNG Ltd. | 10,401,980 | 38,599,107 | |
Pine Labs Private Ltd. (a)(d)(e) | 9,606 | 3,140,970 | |
Power Grid Corp. of India Ltd. | 30,661,672 | 110,558,373 | |
Reliance Industries Ltd. | 12,824,592 | 450,069,803 | |
Shree Cement Ltd. | 222,468 | 65,113,220 | |
Sona Blw Precision Forgings Ltd. (b) | 4,871,615 | 36,404,560 | |
Star Health & Allied Insurance Co. Ltd. (a) | 13,092,500 | 89,629,170 | |
Sun Pharmaceutical Industries Ltd. | 3,673,200 | 65,970,894 | |
Tata Motors Ltd. | 2,817,252 | 33,963,748 | |
Tata Steel Ltd. | 73,689,700 | 145,214,611 | |
Torrent Pharmaceuticals Ltd. | 1,054,434 | 33,299,398 | |
Zomato Ltd. (a) | 86,287,917 | 199,089,603 | |
TOTAL INDIA | 4,005,736,057 | ||
Indonesia - 2.4% | |||
First Resources Ltd. | 55,730,146 | 57,414,106 | |
PT Bank Central Asia Tbk | 348,112,760 | 209,314,843 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 623,075,239 | 188,607,102 | |
PT Sumber Alfaria Trijaya Tbk | 410,772,300 | 73,876,945 | |
PT Telkom Indonesia Persero Tbk | 101,273,900 | 19,632,807 | |
TOTAL INDONESIA | 548,845,803 | ||
Kazakhstan - 0.2% | |||
Kaspi.KZ JSC ADR | 291,400 | 34,315,264 | |
Korea (South) - 9.1% | |||
AMOREPACIFIC Corp. | 1,147,470 | 139,468,210 | |
Celltrion, Inc. | 310,920 | 42,099,899 | |
Coway Co. Ltd. | 1,088,000 | 43,470,256 | |
Delivery Hero AG (a)(b) | 777,689 | 21,757,826 | |
HPSP Co. Ltd. | 392,400 | 10,955,505 | |
Hyundai Motor Co. Ltd. | 239,864 | 43,024,978 | |
Kakao Corp. | 1,121,330 | 38,833,512 | |
Kakao Pay Corp. (a) | 445,085 | 11,185,395 | |
Kia Corp. | 1,394,395 | 117,806,074 | |
LG Corp. | 1,043,328 | 59,363,500 | |
LS Electric Co. Ltd. | 391,530 | 49,272,757 | |
NAVER Corp. | 940,026 | 123,641,908 | |
Samsung Biologics Co. Ltd. (a)(b) | 106,968 | 59,953,871 | |
Samsung Electronics Co. Ltd. | 17,856,452 | 989,801,443 | |
Samsung SDI Co. Ltd. | 40,560 | 12,516,930 | |
SK Hynix, Inc. | 2,455,377 | 302,159,216 | |
TOTAL KOREA (SOUTH) | 2,065,311,280 | ||
Mauritius - 0.0% | |||
Jumo World Holding Ltd. (d)(e) | 2,024,724 | 3,280,053 | |
Jumo World Ltd. (a)(e) | 2,021 | 0 | |
TOTAL MAURITIUS | 3,280,053 | ||
Mexico - 2.2% | |||
CEMEX S.A.B. de CV sponsored ADR (a) | 9,896,000 | 78,277,360 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV | 6,465,384 | 22,875,059 | |
Fibra Uno Administracion SA de CV | 12,695,600 | 18,223,651 | |
Gruma S.A.B. de CV Series B | 361,457 | 7,099,270 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 27,707,378 | 274,231,189 | |
Wal-Mart de Mexico SA de CV Series V | 28,695,200 | 107,070,454 | |
TOTAL MEXICO | 507,776,983 | ||
Netherlands - 0.0% | |||
CTP BV (b) | 665,477 | 11,334,745 | |
CTP BV rights (a)(f) | 665,477 | 195,304 | |
TOTAL NETHERLANDS | 11,530,049 | ||
Panama - 0.3% | |||
Copa Holdings SA Class A | 715,075 | 68,289,663 | |
Peru - 0.5% | |||
Credicorp Ltd. (United States) | 732,422 | 121,296,407 | |
Philippines - 0.4% | |||
Ayala Land, Inc. | 60,214,324 | 29,874,577 | |
SM Investments Corp. | 2,394,000 | 39,339,019 | |
SM Prime Holdings, Inc. | 34,525,200 | 16,696,787 | |
TOTAL PHILIPPINES | 85,910,383 | ||
Poland - 0.3% | |||
CD Projekt SA (c) | 1,118,261 | 32,667,865 | |
Dino Polska SA (a)(b) | 479,434 | 46,083,058 | |
TOTAL POLAND | 78,750,923 | ||
Puerto Rico - 0.0% | |||
Liberty Latin America Ltd. Class C (a) | 471,290 | 3,553,527 | |
Romania - 0.1% | |||
Societatea de Producere A Energiei Electrice in Hidrocentrale Hidroelectrica SA | 452,300 | 13,065,022 | |
Russia - 0.3% | |||
Gazprom OAO sponsored ADR (Reg. S) (a)(e) | 10,986,900 | 5,449,502 | |
LSR Group OJSC (a)(e) | 98,230 | 98,388 | |
LUKOIL PJSC sponsored ADR (a)(e) | 2,479,000 | 31,235,400 | |
Novatek PJSC GDR (Reg. S) (a)(e) | 648,900 | 31,666,320 | |
Sberbank of Russia (a)(e) | 12,899,053 | 78,968 | |
Sberbank of Russia sponsored ADR (a)(e) | 19,633,994 | 349,485 | |
Severstal PAO GDR (Reg. S) (a)(e) | 6,035,400 | 142,496 | |
Yandex NV Series A (a)(c)(e) | 745,899 | 8,652,428 | |
TOTAL RUSSIA | 77,672,987 | ||
Saudi Arabia - 3.6% | |||
Al Rajhi Bank | 8,694,815 | 185,227,888 | |
Alinma Bank | 17,289,750 | 153,738,912 | |
Bupa Arabia for Cooperative Insurance Co. | 2,194,232 | 141,110,425 | |
Dr Sulaiman Al Habib Medical Services Group Co. | 325,628 | 26,966,367 | |
Sabic Agriculture-Nutrients Co. | 1,211,800 | 37,414,398 | |
Saudi Arabian Oil Co. (b) | 4,765,100 | 38,241,751 | |
The Saudi National Bank | 22,270,216 | 223,260,311 | |
TOTAL SAUDI ARABIA | 805,960,052 | ||
Singapore - 1.6% | |||
Sea Ltd. ADR (a) | 5,652,196 | 357,162,265 | |
South Africa - 3.5% | |||
Capitec Bank Holdings Ltd. | 1,722,061 | 213,127,278 | |
Discovery Ltd. | 16,651,200 | 106,079,336 | |
Gold Fields Ltd. | 5,248,000 | 84,900,415 | |
Impala Platinum Holdings Ltd. | 18,906,802 | 84,164,659 | |
Naspers Ltd. Class N | 869,900 | 166,479,398 | |
Pick 'n Pay Stores Ltd. (c) | 23,377,715 | 24,890,322 | |
Shoprite Holdings Ltd. (c) | 8,119,176 | 108,328,611 | |
TOTAL SOUTH AFRICA | 787,970,019 | ||
Taiwan - 16.0% | |||
Alchip Technologies Ltd. | 1,683,140 | 158,463,168 | |
ASE Technology Holding Co. Ltd. | 12,446,945 | 55,894,234 | |
Asia Vital Components Co. Ltd. | 3,037,475 | 59,809,902 | |
AURAS Technology Co. Ltd. | 1,790,000 | 43,197,694 | |
BizLink Holding, Inc. | 4,996,327 | 35,135,938 | |
Chailease Holding Co. Ltd. | 30,547,047 | 160,826,676 | |
Chroma ATE, Inc. | 1,955,000 | 15,849,727 | |
Delta Electronics, Inc. | 8,379,000 | 81,912,122 | |
eMemory Technology, Inc. | 890,022 | 59,714,276 | |
Formosa Plastics Corp. | 26,543,000 | 55,666,017 | |
Gigabyte Technology Co. Ltd. | 4,565,636 | 41,101,521 | |
Hon Hai Precision Industry Co. Ltd. (Foxconn) | 18,911,000 | 89,862,921 | |
King Yuan Electronics Co. Ltd. | 17,702,513 | 51,419,232 | |
M31 Technology Corp. | 590,609 | 21,457,855 | |
MediaTek, Inc. | 1,450,000 | 43,641,479 | |
Quanta Computer, Inc. | 20,719,460 | 162,322,229 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 90,689,881 | 2,167,596,596 | |
Uni-President Enterprises Corp. | 39,250,000 | 91,901,386 | |
Unimicron Technology Corp. | 8,353,030 | 46,110,341 | |
Wistron Corp. | 14,119,037 | 48,258,490 | |
Wiwynn Corp. | 1,790,373 | 127,139,033 | |
TOTAL TAIWAN | 3,617,280,837 | ||
Tanzania - 0.0% | |||
Helios Towers PLC (a) | 9,208,600 | 11,368,527 | |
Thailand - 0.4% | |||
PTT Global Chemical PCL (For. Reg.) | 75,984,800 | 74,743,752 | |
Supalai PCL (For. Reg.) | 17,051,000 | 9,062,072 | |
TOTAL THAILAND | 83,805,824 | ||
United Arab Emirates - 0.2% | |||
Emaar Properties PJSC | 17,850,735 | 39,901,586 | |
Parkin Co. PJSC | 4,150,000 | 2,949,032 | |
TOTAL UNITED ARAB EMIRATES | 42,850,618 | ||
United States of America - 1.7% | |||
FirstCash Holdings, Inc. | 1,241,554 | 140,270,771 | |
Legend Biotech Corp. ADR (a) | 1,134,100 | 49,605,534 | |
Tenaris SA sponsored ADR | 1,595,300 | 52,628,947 | |
Titan Cement International Trading SA (g) | 4,520,239 | 142,790,373 | |
TOTAL UNITED STATES OF AMERICA | 385,295,625 | ||
TOTAL COMMON STOCKS (Cost $17,752,532,991) | 22,075,143,881 | ||
Preferred Stocks - 3.0% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.6% | |||
China - 0.5% | |||
ByteDance Ltd. Series E1 (a)(d)(e) | 399,541 | 92,082,214 | |
dMed Biopharmaceutical Co. Ltd. Series C (a)(d)(e) | 769,712 | 3,794,680 | |
95,876,894 | |||
India - 0.1% | |||
Meesho: | |||
Series E1 (d)(e) | 31,950 | 1,789,200 | |
Series F (a)(d)(e) | 431,274 | 24,569,680 | |
26,358,880 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 122,235,774 | ||
Nonconvertible Preferred Stocks - 2.4% | |||
Brazil - 1.8% | |||
Companhia de Transmissao de Energia Eletrica Paulista (PN) | 6,031,800 | 29,005,517 | |
Metalurgica Gerdau SA (PN) | 48,272,722 | 98,356,392 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 8,961,200 | 144,454,544 | |
sponsored ADR | 7,521,835 | 127,645,540 | |
399,461,993 | |||
India - 0.1% | |||
Pine Labs Private Ltd.: | |||
Series 1 (a)(d)(e) | 22,959 | 7,507,134 | |
Series A (a)(d)(e) | 5,737 | 1,875,884 | |
Series B (a)(d)(e) | 6,242 | 2,041,009 | |
Series B2 (a)(d)(e) | 5,049 | 1,650,922 | |
Series C (a)(d)(e) | 9,391 | 3,070,669 | |
Series C1 (a)(d)(e) | 1,978 | 646,766 | |
Series D (a)(d)(e) | 2,116 | 691,890 | |
17,484,274 | |||
Korea (South) - 0.5% | |||
Hyundai Motor Co. Ltd. Series 2 | 692,638 | 78,924,641 | |
Samsung Electronics Co. Ltd. | 852,617 | 39,698,198 | |
118,622,839 | |||
United States of America - 0.0% | |||
Gupshup, Inc. (a)(d)(e) | 566,129 | 5,961,338 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS | 541,530,444 | ||
TOTAL PREFERRED STOCKS (Cost $405,900,579) | 663,766,218 | ||
Corporate Bonds - 0.2% | |||
Principal Amount (h) | Value ($) | ||
Convertible Bonds - 0.1% | |||
Brazil - 0.1% | |||
Creditas Financial Solutions Ltd. 5% 7/28/27 (d)(e) | 33,309,389 | 31,693,883 | |
Nonconvertible Bonds - 0.1% | |||
China - 0.1% | |||
Ant International Co. Ltd. 3.55% 8/14/24 (d)(e) | 12,904,612 | 12,921,388 | |
TOTAL CORPORATE BONDS (Cost $46,214,001) | 44,615,271 | ||
Government Obligations - 0.0% | |||
Principal Amount (h) | Value ($) | ||
United States of America - 0.0% | |||
U.S. Treasury Bills, yield at date of purchase 5.29% to 5.31% 5/9/24 to 6/13/24 (i) (Cost $6,521,357) | 6,540,000 | 6,521,184 | |
Money Market Funds - 2.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (j) | 391,557,016 | 391,635,328 | |
Fidelity Securities Lending Cash Central Fund 5.39% (j)(k) | 217,859,679 | 217,881,465 | |
TOTAL MONEY MARKET FUNDS (Cost $609,512,637) | 609,516,793 | ||
TOTAL INVESTMENT IN SECURITIES - 103.6% (Cost $18,820,681,565) | 23,399,563,347 |
NET OTHER ASSETS (LIABILITIES) - (3.6)% | (805,522,961) |
NET ASSETS - 100.0% | 22,594,040,386 |
(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 $936,634,448 or 4.1% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Restricted securities (including private placements) - Investment in securities not registered under the Securities Act of 1933 (excluding 144A issues). At the end of the period, the value of restricted securities (excluding 144A issues) amounted to $196,717,680 or 0.9% 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 $2,894,415. |
(j) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(k) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 E1 | 4/18/24 | 1,789,200 |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 355,908,574 | 2,911,924,774 | 2,876,196,093 | 12,561,232 | (1,927) | - | 391,635,328 | 0.8% |
Fidelity Securities Lending Cash Central Fund 5.39% | 380,133,200 | 1,164,900,188 | 1,327,151,923 | 1,170,320 | - | - | 217,881,465 | 0.8% |
Total | 736,041,774 | 4,076,824,962 | 4,203,348,016 | 13,731,552 | (1,927) | - | 609,516,793 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Titan Cement International Trading SA | 86,321,617 | - | 1,281,336 | - | 292,820 | 57,457,272 | 142,790,373 |
Total | 86,321,617 | - | 1,281,336 | - | 292,820 | 57,457,272 | 142,790,373 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,204,869,088 | 529,755,837 | 1,574,378,609 | 100,734,642 |
Consumer Discretionary | 3,488,259,954 | 986,586,362 | 2,475,314,712 | 26,358,880 |
Consumer Staples | 1,365,768,649 | 286,502,452 | 1,079,266,197 | - |
Energy | 1,217,516,071 | 430,071,502 | 719,093,347 | 68,351,222 |
Financials | 4,820,163,587 | 1,939,759,149 | 2,876,695,932 | 3,708,506 |
Health Care | 681,319,544 | 164,075,515 | 513,449,349 | 3,794,680 |
Industrials | 1,345,516,824 | 368,433,252 | 977,083,572 | - |
Information Technology | 4,938,635,044 | 42,767,942 | 4,869,280,520 | 26,586,582 |
Materials | 1,704,846,432 | 959,860,121 | 744,843,815 | 142,496 |
Real Estate | 309,346,308 | 143,980,927 | 165,266,993 | 98,388 |
Utilities | 662,668,598 | 168,566,926 | 494,101,672 | - |
Corporate Bonds | 44,615,271 | - | - | 44,615,271 |
Government Obligations | 6,521,184 | - | 6,521,184 | - |
Money Market Funds | 609,516,793 | 609,516,793 | - | - |
Total Investments in Securities: | 23,399,563,347 | 6,629,876,778 | 16,495,295,902 | 274,390,667 |
Investments in Securities: | |||
Beginning Balance | $ | 420,207,786 | |
Net Realized Gain (Loss) on Investment Securities | (350,183,359) | ||
Net Unrealized Gain (Loss) on Investment Securities | 487,796,170 | ||
Cost of Purchases | 1,789,200 | ||
Proceeds of Sales | (285,219,130) | ||
Amortization/Accretion | - | ||
Transfers into Level 3 | - | ||
Transfers out of Level 3 | - | ||
Ending Balance | $ | 274,390,667 | |
The change in unrealized gain (loss) for the period attributable to Level 3 securities held at April 30, 2024 | $ | 236,085,995 | |
The information used in the above reconciliation represents fiscal year to date activity for any Investments in Securities identified as using Level 3 inputs at either the beginning or the end of the current fiscal period. Cost of purchases and proceeds of sales may include securities received and/or delivered through in-kind transactions, corporate actions or exchanges. Transfers into Level 3 were attributable to a lack of observable market data resulting from decreases in market activity, decreases in liquidity, security restructurings or corporate actions. Transfers out of Level 3 were attributable to observable market data becoming available for those securities. Transfers in or out of Level 3 represent the beginning value of any Security or Instrument where a change in the pricing level occurred from the beginning to the end of the period. Realized and unrealized gains (losses) disclosed in the reconciliation are included in Net Gain (Loss) on the Fund's Statement of Operations. |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $203,568,097) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $18,131,523,310) | $ | 22,647,256,181 | ||
Fidelity Central Funds (cost $609,512,637) | 609,516,793 | |||
Other affiliated issuers (cost $79,645,618) | 142,790,373 | |||
Total Investment in Securities (cost $18,820,681,565) | $ | 23,399,563,347 | ||
Foreign currency held at value (cost $12,041,310) | 12,034,895 | |||
Receivable for investments sold | 103,240,227 | |||
Receivable for fund shares sold | 580,138 | |||
Dividends receivable | 25,921,945 | |||
Interest receivable | 1,586,494 | |||
Distributions receivable from Fidelity Central Funds | 1,850,930 | |||
Receivable from investment adviser for expense reductions | 305,915 | |||
Other receivables | 3,436,506 | |||
Total assets | 23,548,520,397 | |||
Liabilities | ||||
Payable to custodian bank | $ | 1,204,096 | ||
Payable for investments purchased | ||||
Regular delivery | 22,910,300 | |||
Delayed delivery | 195,304 | |||
Payable for fund shares redeemed | 525,319,741 | |||
Payable for daily variation margin on futures contracts | 751,519 | |||
Deferred taxes | 182,720,673 | |||
Other payables and accrued expenses | 3,502,009 | |||
Collateral on securities loaned | 217,876,369 | |||
Total liabilities | 954,480,011 | |||
Net Assets | $ | 22,594,040,386 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 20,704,819,471 | ||
Total accumulated earnings (loss) | 1,889,220,915 | |||
Net Assets | $ | 22,594,040,386 | ||
Net Asset Value, offering price and redemption price per share ($22,594,040,386 ÷ 1,265,347,457 shares) | $ | 17.86 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 212,140,799 | ||
Interest | 1,265,950 | |||
Income from Fidelity Central Funds (including $1,170,320 from security lending) | 13,731,552 | |||
Income before foreign taxes withheld | $ | 227,138,301 | ||
Less foreign taxes withheld | (25,959,865) | |||
Total income | 201,178,436 | |||
Expenses | ||||
Custodian fees and expenses | $ | 3,174,780 | ||
Independent trustees' fees and expenses | 55,859 | |||
Total expenses before reductions | 3,230,639 | |||
Expense reductions | (1,715,627) | |||
Total expenses after reductions | 1,515,012 | |||
Net Investment income (loss) | 199,663,424 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $32,021,529) | (391,165,736) | |||
Fidelity Central Funds | (1,927) | |||
Other affiliated issuers | 292,820 | |||
Foreign currency transactions | (2,845,452) | |||
Futures contracts | 17,836,747 | |||
Total net realized gain (loss) | (375,883,548) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $87,365,719) | 3,363,654,037 | |||
Affiliated issuers | 57,457,272 | |||
Assets and liabilities in foreign currencies | (678,652) | |||
Futures contracts | 10,451 | |||
Total change in net unrealized appreciation (depreciation) | 3,420,443,108 | |||
Net gain (loss) | 3,044,559,560 | |||
Net increase (decrease) in net assets resulting from operations | $ | 3,244,222,984 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 199,663,424 | $ | 648,322,848 |
Net realized gain (loss) | (375,883,548) | (781,171,593) | ||
Change in net unrealized appreciation (depreciation) | 3,420,443,108 | 3,586,638,840 | ||
Net increase (decrease) in net assets resulting from operations | 3,244,222,984 | 3,453,790,095 | ||
Distributions to shareholders | (625,661,951) | (559,062,771) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,810,310,891 | 1,881,171,940 | ||
Reinvestment of distributions | 625,661,951 | 559,062,771 | ||
Cost of shares redeemed | (2,626,205,826) | (7,499,526,249) | ||
Net increase (decrease) in net assets resulting from share transactions | (190,232,984) | (5,059,291,538) | ||
Total increase (decrease) in net assets | 2,428,328,049 | (2,164,564,214) | ||
Net Assets | ||||
Beginning of period | 20,165,712,337 | 22,330,276,551 | ||
End of period | $ | 22,594,040,386 | $ | 20,165,712,337 |
Other Information | ||||
Shares | ||||
Sold | 105,688,571 | 114,358,773 | ||
Issued in reinvestment of distributions | 37,987,975 | 35,117,008 | ||
Redeemed | (151,210,884) | (452,937,950) | ||
Net increase (decrease) | (7,534,338) | (303,462,169) | ||
Fidelity® Series Emerging Markets Opportunities Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.84 | $ | 14.17 | $ | 24.69 | $ | 21.49 | $ | 19.39 | $ | 17.66 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .15 | .46 | .48 | .47 | .35 | .57 C | ||||||
Net realized and unrealized gain (loss) | 2.36 | 1.58 | (8.30) | 3.48 | 2.26 | 2.71 | ||||||
Total from investment operations | 2.51 | 2.04 | (7.82) | 3.95 | 2.61 | 3.28 | ||||||
Distributions from net investment income | (.49) | (.37) | (.68) | (.33) | (.50) | (.41) | ||||||
Distributions from net realized gain | - | - | (2.01) | (.41) | (.02) | (1.14) | ||||||
Total distributions | (.49) | (.37) | (2.70) D | (.75) D | (.51) D | (1.55) | ||||||
Net asset value, end of period | $ | 17.86 | $ | 15.84 | $ | 14.17 | $ | 24.69 | $ | 21.49 | $ | 19.39 |
Total Return E,F | 16.09 % | 14.40% | (35.33)% | 18.44% | 13.66% | 20.13% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | .03% I | .03% | .03% | .03% | .04% | .04% | ||||||
Expenses net of fee waivers, if any | .01 % I | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% I | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 1.78% I | 2.82% | 2.64% | 1.82% | 1.78% | 3.12% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 22,594,040 | $ | 20,165,712 | $ | 22,330,277 | $ | 29,188,538 | $ | 26,829,783 | $ | 18,675,048 |
Portfolio turnover rate J | 45 % I | 41% | 37% | 69% | 42% K | 54% |
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 6.9 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 6.0 | |
Linde PLC (United States of America, Chemicals) | 4.0 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 3.9 | |
Safran SA (France, Aerospace & Defense) | 3.9 | |
SAP SE (Germany, Software) | 3.9 | |
Atlas Copco AB (A Shares) (Sweden, Machinery) | 3.6 | |
CRH PLC (United States of America, Construction Materials) | 3.2 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 2.9 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.7 | |
41.0 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 26.8 | |
Information Technology | 22.9 | |
Financials | 15.5 | |
Consumer Discretionary | 10.4 | |
Materials | 9.7 | |
Health Care | 7.1 | |
Consumer Staples | 2.6 | |
Energy | 0.7 | |
Communication Services | 0.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.1% | |||
Shares | Value ($) | ||
Belgium - 0.4% | |||
Azelis Group NV | 2,475,110 | 59,802,143 | |
Canada - 3.2% | |||
CAE, Inc. (a) | 3,982,800 | 76,841,004 | |
Canadian Pacific Kansas City Ltd. | 3,769,540 | 295,725,362 | |
Franco-Nevada Corp. | 783,628 | 94,332,497 | |
TOTAL CANADA | 466,898,863 | ||
Denmark - 6.0% | |||
Novo Nordisk A/S Series B | 6,975,300 | 894,528,588 | |
Finland - 0.5% | |||
Kone OYJ (B Shares) | 1,579,800 | 77,217,086 | |
France - 13.1% | |||
Airbus Group NV | 2,235,700 | 367,901,793 | |
Edenred SA | 3,700,155 | 175,563,890 | |
Lectra | 1,016,088 | 34,699,812 | |
Legrand SA | 2,057,444 | 211,436,502 | |
LVMH Moet Hennessy Louis Vuitton SE | 708,623 | 582,088,680 | |
Safran SA | 2,648,300 | 574,236,238 | |
TOTAL FRANCE | 1,945,926,915 | ||
Germany - 5.0% | |||
Deutsche Borse AG | 840,245 | 161,992,506 | |
SAP SE | 3,161,000 | 570,772,442 | |
TOTAL GERMANY | 732,764,948 | ||
Hong Kong - 0.7% | |||
AIA Group Ltd. | 13,994,701 | 102,502,201 | |
India - 1.6% | |||
HDFC Bank Ltd. | 3,668,296 | 66,599,474 | |
Jio Financial Services Ltd. | 1,953,400 | 8,793,950 | |
Kotak Mahindra Bank Ltd. | 2,832,000 | 55,025,378 | |
Reliance Industries Ltd. | 1,825,000 | 64,047,058 | |
Reliance Industries Ltd. GDR (b) | 596,500 | 42,172,550 | |
TOTAL INDIA | 236,638,410 | ||
Israel - 0.7% | |||
NICE Ltd. sponsored ADR (a)(c) | 473,072 | 105,736,323 | |
Italy - 1.4% | |||
Interpump Group SpA | 1,650,320 | 72,350,980 | |
Prada SpA | 15,723,000 | 128,226,017 | |
TOTAL ITALY | 200,576,997 | ||
Japan - 9.7% | |||
Azbil Corp. | 4,673,005 | 130,517,034 | |
Hoya Corp. | 1,384,300 | 160,495,501 | |
Keyence Corp. | 989,287 | 435,058,605 | |
Lasertec Corp. | 1,000,900 | 215,899,571 | |
Misumi Group, Inc. | 3,961,906 | 64,412,115 | |
OSG Corp. | 1,857,246 | 23,951,607 | |
Recruit Holdings Co. Ltd. | 6,564,905 | 282,733,125 | |
SHO-BOND Holdings Co. Ltd. | 1,993,800 | 76,994,368 | |
USS Co. Ltd. | 5,741,558 | 43,861,454 | |
TOTAL JAPAN | 1,433,923,380 | ||
Netherlands - 8.4% | |||
Aalberts Industries NV | 661,563 | 31,714,420 | |
ASML Holding NV (Netherlands) | 1,150,746 | 1,022,618,999 | |
BE Semiconductor Industries NV | 581,035 | 77,820,110 | |
IMCD NV | 734,054 | 111,436,151 | |
TOTAL NETHERLANDS | 1,243,589,680 | ||
Spain - 0.7% | |||
Amadeus IT Holding SA Class A | 1,653,864 | 104,977,282 | |
Sweden - 7.0% | |||
ASSA ABLOY AB (B Shares) (c) | 7,122,137 | 188,176,954 | |
Atlas Copco AB (A Shares) (c) | 30,275,944 | 530,316,101 | |
Autoliv, Inc. | 970,134 | 116,212,352 | |
Epiroc AB (A Shares) | 9,675,955 | 178,883,042 | |
Lagercrantz Group AB (B Shares) | 1,972,900 | 29,341,794 | |
TOTAL SWEDEN | 1,042,930,243 | ||
Switzerland - 1.7% | |||
Schindler Holding AG: | |||
(participation certificate) | 230,401 | 57,647,245 | |
(Reg.) | 147,352 | 35,986,428 | |
UBS Group AG | 6,125,995 | 161,738,263 | |
TOTAL SWITZERLAND | 255,371,936 | ||
Taiwan - 2.7% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 16,930,885 | 404,668,396 | |
United Kingdom - 8.7% | |||
BAE Systems PLC | 16,084,700 | 267,524,211 | |
Compass Group PLC | 11,439,000 | 318,161,227 | |
InterContinental Hotel Group PLC ADR | 2,509,330 | 246,792,606 | |
London Stock Exchange Group PLC | 1,658,700 | 182,855,268 | |
Rightmove PLC | 8,257,761 | 53,140,199 | |
Sage Group PLC | 6,437,600 | 93,794,242 | |
Spectris PLC | 3,046,778 | 126,776,479 | |
TOTAL UNITED KINGDOM | 1,289,044,232 | ||
United States of America - 24.6% | |||
CRH PLC | 6,091,040 | 471,568,317 | |
Experian PLC | 7,218,889 | 291,166,274 | |
Linde PLC | 1,353,901 | 597,016,185 | |
Marsh & McLennan Companies, Inc. | 1,585,431 | 316,182,504 | |
MasterCard, Inc. Class A | 635,631 | 286,796,707 | |
Microsoft Corp. | 387,200 | 150,748,576 | |
Moody's Corp. | 673,059 | 249,253,939 | |
Nestle SA (Reg. S) | 3,504,200 | 351,822,375 | |
Otis Worldwide Corp. | 1,067,300 | 97,337,760 | |
PriceSmart, Inc. | 404,227 | 32,576,654 | |
S&P Global, Inc. | 579,280 | 240,882,002 | |
Sherwin-Williams Co. | 886,941 | 265,736,393 | |
Visa, Inc. Class A | 1,063,770 | 285,739,260 | |
TOTAL UNITED STATES OF AMERICA | 3,636,826,946 | ||
TOTAL COMMON STOCKS (Cost $8,575,918,671) | 14,233,924,569 | ||
Convertible Preferred Stocks - 0.3% | |||
Shares | Value ($) | ||
China - 0.3% | |||
ByteDance Ltd. Series E1 (a)(d)(e) (Cost $18,859,141) | 172,113 | 39,666,883 | |
Money Market Funds - 5.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 340,161,453 | 340,229,485 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 422,965,333 | 423,007,629 | |
TOTAL MONEY MARKET FUNDS (Cost $763,237,114) | 763,237,114 | ||
TOTAL INVESTMENT IN SECURITIES - 101.5% (Cost $9,358,014,926) | 15,036,828,566 |
NET OTHER ASSETS (LIABILITIES) - (1.5)% | (229,132,886) |
NET ASSETS - 100.0% | 14,807,695,680 |
(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 $42,172,550 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 $39,666,883 or 0.3% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
ByteDance Ltd. Series E1 | 11/18/20 | 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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 270,608,875 | 1,869,292,918 | 1,799,702,216 | 7,285,525 | 29,908 | - | 340,229,485 | 0.7% |
Fidelity Securities Lending Cash Central Fund 5.39% | 67,864,785 | 813,347,350 | 458,204,506 | 133,578 | - | - | 423,007,629 | 1.5% |
Total | 338,473,660 | 2,682,640,268 | 2,257,906,722 | 7,419,103 | 29,908 | - | 763,237,114 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 92,807,082 | 53,140,199 | - | 39,666,883 |
Consumer Discretionary | 1,540,319,618 | 363,004,958 | 1,177,314,660 | - |
Consumer Staples | 384,399,029 | 32,576,654 | 351,822,375 | - |
Energy | 106,219,608 | 42,172,550 | 64,047,058 | - |
Financials | 2,293,925,342 | 1,716,156,565 | 577,768,777 | - |
Health Care | 1,055,024,089 | - | 1,055,024,089 | - |
Industrials | 3,973,790,909 | 916,058,579 | 3,057,732,330 | - |
Information Technology | 3,398,452,383 | 1,641,536,335 | 1,756,916,048 | - |
Materials | 1,428,653,392 | 1,428,653,392 | - | - |
Money Market Funds | 763,237,114 | 763,237,114 | - | - |
Total Investments in Securities: | 15,036,828,566 | 6,956,536,346 | 8,040,625,337 | 39,666,883 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $400,545,391) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $8,594,777,812) | $ | 14,273,591,452 | ||
Fidelity Central Funds (cost $763,237,114) | 763,237,114 | |||
Total Investment in Securities (cost $9,358,014,926) | $ | 15,036,828,566 | ||
Foreign currency held at value (cost $17,993,345) | 17,993,385 | |||
Receivable for investments sold | 61,869,292 | |||
Receivable for fund shares sold | 85,027,899 | |||
Dividends receivable | 27,724,599 | |||
Reclaims receivable | 34,180,716 | |||
Distributions receivable from Fidelity Central Funds | 1,257,761 | |||
Total assets | 15,264,882,218 | |||
Liabilities | ||||
Payable for investments purchased | $ | 28,886,447 | ||
Payable for fund shares redeemed | 4,319,610 | |||
Other payables and accrued expenses | 972,852 | |||
Collateral on securities loaned | 423,007,629 | |||
Total liabilities | 457,186,538 | |||
Net Assets | $ | 14,807,695,680 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 8,600,867,020 | ||
Total accumulated earnings (loss) | 6,206,828,660 | |||
Net Assets | $ | 14,807,695,680 | ||
Net Asset Value, offering price and redemption price per share ($14,807,695,680 ÷ 840,006,353 shares) | $ | 17.63 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 115,543,831 | ||
Interest | 207,249 | |||
Income from Fidelity Central Funds (including $133,578 from security lending) | 7,419,103 | |||
Income before foreign taxes withheld | $ | 123,170,183 | ||
Less foreign taxes withheld | (6,425,043) | |||
Total income | 116,745,140 | |||
Expenses | ||||
Custodian fees and expenses | $ | 407,180 | ||
Independent trustees' fees and expenses | 35,914 | |||
Total expenses before reductions | 443,094 | |||
Expense reductions | (784) | |||
Total expenses after reductions | 442,310 | |||
Net Investment income (loss) | 116,302,830 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $559,644) | 495,065,728 | |||
Redemptions in-kind | 175,468,806 | |||
Fidelity Central Funds | 29,908 | |||
Foreign currency transactions | (159,399) | |||
Total net realized gain (loss) | 670,405,043 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $80,687) | 1,838,281,438 | |||
Assets and liabilities in foreign currencies | (113,470) | |||
Total change in net unrealized appreciation (depreciation) | 1,838,167,968 | |||
Net gain (loss) | 2,508,573,011 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,624,875,841 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 116,302,830 | $ | 190,486,775 |
Net realized gain (loss) | 670,405,043 | 18,909,853 | ||
Change in net unrealized appreciation (depreciation) | 1,838,167,968 | 1,208,323,184 | ||
Net increase (decrease) in net assets resulting from operations | 2,624,875,841 | 1,417,719,812 | ||
Distributions to shareholders | (186,414,240) | (434,836,481) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,345,076,568 | 2,142,973,065 | ||
Reinvestment of distributions | 186,414,240 | 434,836,481 | ||
Cost of shares redeemed | (2,010,343,367) | (3,104,776,773) | ||
Net increase (decrease) in net assets resulting from share transactions | (478,852,559) | (526,967,227) | ||
Total increase (decrease) in net assets | 1,959,609,042 | 455,916,104 | ||
Net Assets | ||||
Beginning of period | 12,848,086,638 | 12,392,170,534 | ||
End of period | $ | 14,807,695,680 | $ | 12,848,086,638 |
Other Information | ||||
Shares | ||||
Sold | 77,180,835 | 138,038,506 | ||
Issued in reinvestment of distributions | 11,408,460 | 29,420,601 | ||
Redeemed | (116,487,414) | (200,541,435) | ||
Net increase (decrease) | (27,898,119) | (33,082,328) | ||
Fidelity® Series International Growth Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.80 | $ | 13.75 | $ | 20.51 | $ | 18.01 | $ | 17.07 | $ | 14.96 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .14 | .22 | .21 | .20 | .20 | .37 C | ||||||
Net realized and unrealized gain (loss) | 2.91 | 1.33 | (5.38) | 5.19 | 1.38 | 2.74 | ||||||
Total from investment operations | 3.05 | 1.55 | (5.17) | 5.39 | 1.58 | 3.11 | ||||||
Distributions from net investment income | (.22) | (.20) | (.28) | (.24) | (.37) | (.28) | ||||||
Distributions from net realized gain | - | (.30) | (1.31) | (2.65) | (.27) | (.72) | ||||||
Total distributions | (.22) | (.50) | (1.59) | (2.89) | (.64) | (1.00) | ||||||
Net asset value, end of period | $ | 17.63 | $ | 14.80 | $ | 13.75 | $ | 20.51 | $ | 18.01 | $ | 17.07 |
Total Return D,E | 20.71 % | 11.31% | (27.31)% | 33.10% | 9.39% | 22.58% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | .01 % H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 1.58% H | 1.42% | 1.32% | 1.06% | 1.18% | 2.38% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 14,807,696 | $ | 12,848,087 | $ | 12,392,171 | $ | 15,467,124 | $ | 11,557,995 | $ | 16,501,791 |
Portfolio turnover rate I | 27 % H,J | 19% J | 22% J | 24% | 16% J | 24% |
Top Holdings (% of Fund's net assets) | ||
Lagercrantz Group AB (B Shares) (Sweden, Electronic Equipment, Instruments & Components) | 3.7 | |
AddTech AB (B Shares) (Sweden, Trading Companies & Distributors) | 3.1 | |
CTS Eventim AG (Germany, Entertainment) | 3.0 | |
Spectris PLC (United Kingdom, Electronic Equipment, Instruments & Components) | 3.0 | |
Aalberts Industries NV (Netherlands, Machinery) | 2.8 | |
Azbil Corp. (Japan, Electronic Equipment, Instruments & Components) | 2.5 | |
Kongsberg Gruppen ASA (Norway, Aerospace & Defense) | 2.0 | |
Interpump Group SpA (Italy, Machinery) | 1.9 | |
Morningstar, Inc. (United States of America, Capital Markets) | 1.9 | |
Rheinmetall AG (Germany, Aerospace & Defense) | 1.6 | |
25.5 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 31.6 | |
Information Technology | 20.1 | |
Consumer Discretionary | 10.3 | |
Financials | 7.5 | |
Communication Services | 6.8 | |
Health Care | 6.2 | |
Materials | 5.3 | |
Consumer Staples | 4.4 | |
Real Estate | 2.8 | |
Energy | 1.8 | |
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 - 97.1% | |||
Shares | Value ($) | ||
Australia - 1.6% | |||
Dominos Pizza Enterprises Ltd. | 188,911 | 4,765,360 | |
Imdex Ltd. | 13,644,033 | 18,297,773 | |
Latin Resources Ltd. (a) | 12,500,000 | 1,788,829 | |
Liontown Resources Ltd. (a)(b) | 1,200,000 | 941,729 | |
NIB Holdings Ltd. | 972,683 | 4,645,087 | |
Steadfast Group Ltd. | 8,493,721 | 30,912,231 | |
Vulcan Energy Resources Ltd. (a)(b) | 500,000 | 1,074,879 | |
TOTAL AUSTRALIA | 62,425,888 | ||
Austria - 0.0% | |||
AT&S Austria Technologie & Systemtechnik AG | 80,000 | 1,780,943 | |
Belgium - 1.9% | |||
Azelis Group NV | 1,055,172 | 25,494,441 | |
Fagron NV | 227,500 | 4,428,453 | |
Galapagos NV (a) | 85,000 | 2,404,196 | |
KBC Ancora | 732,579 | 35,455,007 | |
Warehouses de Pauw | 138,500 | 3,686,312 | |
Warehouses de Pauw rights (a)(c) | 138,500 | 165,544 | |
TOTAL BELGIUM | 71,633,953 | ||
Canada - 4.2% | |||
CAE, Inc. (a) | 1,185,900 | 22,879,820 | |
ECN Capital Corp. | 533,950 | 682,637 | |
Lumine Group, Inc. (a) | 370,000 | 10,135,256 | |
McCoy Global, Inc. | 1,106,750 | 1,543,573 | |
MTY Food Group, Inc. (b) | 118,300 | 4,245,102 | |
North West Co., Inc. | 200,000 | 5,668,834 | |
Onex Corp. (sub. vtg.) | 60,000 | 4,256,855 | |
Osisko Gold Royalties Ltd. | 1,439,700 | 22,118,661 | |
Parkland Corp. | 182,500 | 5,622,217 | |
Pason Systems, Inc. | 2,126,500 | 24,174,427 | |
Quebecor, Inc. Class B (sub. vtg.) | 180,300 | 3,731,338 | |
Real Matters, Inc. (a) | 950,000 | 3,547,016 | |
Richelieu Hardware Ltd. | 1,835,620 | 51,802,447 | |
TOTAL CANADA | 160,408,183 | ||
China - 0.3% | |||
Chlitina Holding Ltd. | 2,142,000 | 12,320,750 | |
Chlitina Holding Ltd. rights 5/13/24 (a) | 64,670 | 63,441 | |
TOTAL CHINA | 12,384,191 | ||
Denmark - 0.7% | |||
Cadeler A/S (a) | 1,750,000 | 8,317,955 | |
Spar Nord Bank A/S | 1,026,010 | 18,203,900 | |
TOTAL DENMARK | 26,521,855 | ||
Egypt - 0.1% | |||
Integrated Diagnostics Holdings PLC (a)(d) | 15,331,734 | 4,706,842 | |
Finland - 0.2% | |||
Huhtamaki Oyj | 136,689 | 5,245,647 | |
Nanoform Finland PLC (a) | 500,000 | 1,147,240 | |
TOTAL FINLAND | 6,392,887 | ||
France - 3.8% | |||
ARGAN SA | 80,600 | 6,348,004 | |
Elis SA | 430,000 | 9,691,884 | |
Exail Technologies SA (a)(b) | 221,114 | 4,606,190 | |
Exclusive Networks SA (a) | 300,000 | 6,403,200 | |
Laurent-Perrier Group SA | 97,711 | 12,721,816 | |
Lectra | 1,064,210 | 36,343,197 | |
LISI | 444,088 | 11,658,696 | |
Maisons du Monde SA (d) | 259,100 | 1,244,302 | |
Stef SA | 75,000 | 10,181,088 | |
Thermador Groupe SA | 82,100 | 7,009,370 | |
Vallourec SA (a) | 445,200 | 7,727,785 | |
Vetoquinol SA | 298,648 | 30,055,027 | |
TOTAL FRANCE | 143,990,559 | ||
Germany - 7.5% | |||
Auto1 Group SE (a)(b)(d) | 840,752 | 4,288,858 | |
CTS Eventim AG | 1,314,770 | 116,739,796 | |
Gerresheimer AG | 55,000 | 5,928,296 | |
Instone Real Estate Group BV (d) | 515,921 | 4,773,623 | |
Nexus AG | 618,016 | 34,098,563 | |
NORMA Group AG | 107,000 | 2,135,360 | |
Rheinmetall AG | 108,300 | 59,776,818 | |
Scout24 AG (d) | 330,500 | 24,372,233 | |
Stabilus Se | 484,629 | 30,100,811 | |
Wacker Chemie AG | 40,300 | 4,326,621 | |
TOTAL GERMANY | 286,540,979 | ||
Greece - 0.3% | |||
Athens International Airport SA | 762,400 | 6,761,293 | |
Mytilineos SA | 126,900 | 5,173,337 | |
TOTAL GREECE | 11,934,630 | ||
Hungary - 0.2% | |||
Richter Gedeon PLC | 363,700 | 9,261,630 | |
Indonesia - 0.2% | |||
PT Selamat Sempurna Tbk | 55,532,360 | 6,151,613 | |
Ireland - 1.9% | |||
AerCap Holdings NV (a) | 366,000 | 30,923,340 | |
Cairn Homes PLC | 5,313,300 | 8,970,500 | |
Cairn Homes PLC | 7,191,234 | 12,184,754 | |
Irish Residential Properties REIT PLC | 10,324,300 | 10,918,930 | |
Mincon Group PLC | 3,809,284 | 1,910,676 | |
Smurfit Kappa Group PLC | 190,000 | 8,262,796 | |
TOTAL IRELAND | 73,170,996 | ||
Israel - 1.4% | |||
Ituran Location & Control Ltd. | 893,735 | 22,951,115 | |
NICE Ltd. sponsored ADR (a) | 85,000 | 18,998,350 | |
Tel Aviv Stock Exchange Ltd. | 1,620,557 | 10,736,870 | |
TOTAL ISRAEL | 52,686,335 | ||
Italy - 2.5% | |||
Banca Generali SpA | 140,000 | 5,501,203 | |
BFF Bank SpA (d) | 529,000 | 6,802,813 | |
Dovalue SpA (b)(d) | 800,000 | 1,782,651 | |
Generalfinance SpA | 173,104 | 1,995,155 | |
Industrie de Nora SpA | 198,400 | 2,676,299 | |
Intercos SpA | 310,900 | 4,359,753 | |
Interpump Group SpA | 1,633,037 | 71,593,283 | |
TOTAL ITALY | 94,711,157 | ||
Japan - 28.1% | |||
ABC-MART, Inc. | 204,900 | 4,081,257 | |
Ai Holdings Corp. | 416,292 | 6,402,814 | |
Arealink Co. Ltd. | 100,000 | 1,966,163 | |
Artnature, Inc. | 1,214,900 | 5,845,636 | |
As One Corp. | 243,000 | 4,003,492 | |
ASKUL Corp. | 640,000 | 9,665,465 | |
Aucnet, Inc. | 757,060 | 12,459,780 | |
Azbil Corp. | 3,379,090 | 94,377,987 | |
BayCurrent Consulting, Inc. | 281,800 | 5,998,724 | |
Belc Co. Ltd. | 110,000 | 5,249,565 | |
Broadleaf Co. Ltd. (e) | 5,948,773 | 21,670,357 | |
Central Automotive Products Ltd. | 216,579 | 7,927,893 | |
Chiba Bank Ltd. | 556,900 | 4,704,172 | |
CKD Corp. | 267,000 | 4,989,969 | |
CTS Co. Ltd. | 300,000 | 1,405,696 | |
Curves Holdings Co. Ltd. (e) | 5,937,359 | 27,885,707 | |
Daiei Kankyo Co. Ltd. | 53,900 | 900,805 | |
Daiichikosho Co. Ltd. | 1,316,928 | 15,371,717 | |
Daikokutenbussan Co. Ltd. | 179,300 | 9,167,713 | |
Dentsu Soken, Inc. | 175,000 | 5,797,409 | |
Dexerials Corp. | 180,700 | 6,768,415 | |
Digital Hearts Holdings Co. Ltd. (e) | 1,354,550 | 8,247,792 | |
Dowa Holdings Co. Ltd. | 90,000 | 3,370,230 | |
Elan Corp. | 2,020,900 | 11,601,152 | |
Fuji Electric Co. Ltd. | 40,000 | 2,488,157 | |
Fujitec Co. Ltd. | 910,300 | 22,451,240 | |
Funai Soken Holdings, Inc. | 861,757 | 13,037,666 | |
Fuyo General Lease Co. Ltd. | 28,800 | 2,469,876 | |
Goldcrest Co. Ltd. | 1,537,300 | 24,780,145 | |
Hamamatsu Photonics K.K. | 50,000 | 1,832,084 | |
Inaba Denki Sangyo Co. Ltd. | 216,300 | 5,046,399 | |
Iwatani Corp. | 100,000 | 5,678,252 | |
Iwatsuka Confectionary Co. Ltd. | 211,600 | 3,493,697 | |
Japan Elevator Service Holdings Co. Ltd. | 146,300 | 2,273,591 | |
JINS Holdings, Inc. | 123,200 | 2,588,298 | |
JTOWER, Inc. (a)(b) | 400,000 | 8,169,768 | |
Justsystems Corp. | 150,000 | 2,612,790 | |
Kamigumi Co. Ltd. | 405,800 | 8,763,490 | |
Kansai Electric Power Co., Inc. | 500,000 | 7,489,711 | |
Katitas Co. Ltd. | 260,000 | 3,132,445 | |
Kato Sangyo | 110,000 | 3,189,999 | |
Kobe Bussan Co. Ltd. | 82,300 | 1,777,456 | |
Koshidaka Holdings Co. Ltd. (e) | 5,227,659 | 28,598,959 | |
Kotobuki Spirits Co. Ltd. | 382,400 | 3,937,408 | |
Kusuri No Aoki Holdings Co. Ltd. | 871,574 | 16,249,946 | |
Kyoritsu Maintenance Co. Ltd. | 237,600 | 5,066,975 | |
Kyoto Financial Group, Inc. | 352,612 | 6,276,201 | |
Lasertec Corp. | 197,360 | 42,571,625 | |
Maeda Kosen Co. Ltd. | 202,400 | 4,429,503 | |
Maruwa Ceramic Co. Ltd. | 32,600 | 6,869,728 | |
MCJ Co. Ltd. | 850,000 | 7,420,125 | |
Medikit Co. Ltd. | 625,900 | 11,189,107 | |
Meitec Group Holdings, Inc. | 201,000 | 3,748,652 | |
Miroku Jyoho Service Co., Ltd. (b) | 618,891 | 6,657,129 | |
Misumi Group, Inc. | 711,300 | 11,564,216 | |
Mitsuboshi Belting Ltd. | 227,952 | 6,991,446 | |
Miura Co. Ltd. | 147,900 | 2,326,950 | |
Nagaileben Co. Ltd. | 1,528,000 | 22,794,232 | |
Net One Systems Co. Ltd. | 650,000 | 10,876,212 | |
Nihon Parkerizing Co. Ltd. | 5,182,368 | 39,853,020 | |
Nippon Concept Corp. | 135,000 | 1,549,962 | |
Nippon Gas Co. Ltd. | 303,700 | 4,953,108 | |
Nitto Kohki Co. Ltd. | 270,000 | 4,172,878 | |
NOF Corp. | 1,060,700 | 14,230,279 | |
NS Tool Co. Ltd. (e) | 1,484,000 | 8,681,751 | |
NSD Co. Ltd. | 1,909,580 | 37,324,613 | |
OBIC Co. Ltd. | 309,600 | 39,773,243 | |
Osaka Soda Co. Ltd. | 77,700 | 4,556,988 | |
OSG Corp. | 1,322,475 | 17,055,038 | |
Paramount Bed Holdings Co. Ltd. | 586,612 | 9,994,998 | |
Park24 Co. Ltd. (a) | 150,000 | 1,615,438 | |
Prestige International, Inc. | 1,100,000 | 4,697,619 | |
ProNexus, Inc. | 1,204,277 | 8,764,290 | |
Qol Holdings Co. Ltd. | 425,000 | 4,767,407 | |
Renesas Electronics Corp. | 265,000 | 4,302,474 | |
Rohto Pharmaceutical Co. Ltd. | 357,200 | 6,969,128 | |
Roland Corp. | 140,000 | 3,805,868 | |
San-Ai Obbli Co. Ltd. | 1,093,972 | 14,351,524 | |
Shinwa Co. Ltd. | 35,700 | 634,971 | |
SHO-BOND Holdings Co. Ltd. | 1,372,000 | 52,982,382 | |
Shoei Co. Ltd. | 475,500 | 6,092,011 | |
SK Kaken Co. Ltd. | 526,920 | 26,535,804 | |
Softcreate Co. Ltd. | 119,300 | 1,399,891 | |
Software Service, Inc. | 181,500 | 15,535,933 | |
Sumco Corp. | 561,400 | 8,372,337 | |
SWCC Showa Holdings Co. Ltd. | 293,500 | 7,738,729 | |
Techno Medica Co. Ltd. | 283,000 | 3,125,390 | |
The Monogatari Corp. | 805,288 | 21,757,462 | |
TIS, Inc. | 838,936 | 17,916,801 | |
Tocalo Co. Ltd. | 1,467,849 | 16,914,169 | |
Toyo Suisan Kaisha Ltd. | 125,000 | 7,816,790 | |
Tri Chemical Laboratories, Inc. | 177,600 | 4,940,371 | |
USS Co. Ltd. | 2,454,200 | 18,748,357 | |
Visional, Inc. (a) | 70,000 | 3,193,979 | |
YAKUODO Holdings Co. Ltd. (e) | 1,008,352 | 18,318,137 | |
Yaoko Co. Ltd. | 80,500 | 4,352,027 | |
YONEX Co. Ltd. | 950,000 | 7,575,712 | |
Zenkoku Hosho Co. Ltd. | 100,000 | 3,511,196 | |
TOTAL JAPAN | 1,077,585,463 | ||
Korea (South) - 0.6% | |||
BGF Retail Co. Ltd. | 157,318 | 14,789,749 | |
Hansol Chemical Co. Ltd. | 18,660 | 2,580,979 | |
HD Hyundai Marine Solution Co. Ltd. (c) | 9,600 | 577,671 | |
Soulbrain Co. Ltd. | 18,000 | 3,875,004 | |
TOTAL KOREA (SOUTH) | 21,823,403 | ||
Luxembourg - 0.2% | |||
CVC Capital Partners PLC | 122,200 | 2,217,001 | |
L'Occitane Ltd. | 1,450,000 | 5,975,591 | |
Novem Group SA | 177,462 | 1,102,235 | |
TOTAL LUXEMBOURG | 9,294,827 | ||
Netherlands - 6.0% | |||
Aalberts Industries NV | 2,236,135 | 107,197,235 | |
BE Semiconductor Industries NV (b) | 315,751 | 42,289,668 | |
IMCD NV | 325,929 | 49,479,021 | |
Koninklijke Heijmans NV (Certificaten Van Aandelen) | 400,000 | 7,538,701 | |
OCI NV | 210,000 | 5,670,034 | |
TKH Group NV (bearer) (depositary receipt) | 172,600 | 7,471,100 | |
Van Lanschot Kempen NV (Bearer) | 305,761 | 10,882,376 | |
TOTAL NETHERLANDS | 230,528,135 | ||
Norway - 2.6% | |||
Europris ASA (d) | 674,800 | 4,264,389 | |
Kongsberg Gruppen ASA | 1,091,108 | 77,203,123 | |
Medistim ASA | 440,375 | 7,195,217 | |
Selvaag Bolig ASA | 840,200 | 2,658,597 | |
Sparebanken Midt-Norge | 356,800 | 4,699,732 | |
TGS ASA | 340,000 | 3,893,235 | |
TOTAL NORWAY | 99,914,293 | ||
Philippines - 0.1% | |||
Robinsons Land Corp. | 14,500,000 | 3,911,619 | |
Singapore - 0.2% | |||
Boustead Singapore Ltd. | 9,000,000 | 6,287,942 | |
Spain - 0.8% | |||
Cie Automotive SA | 79,741 | 2,118,980 | |
Compania de Distribucion Integral Logista Holdings SA | 407,000 | 11,101,996 | |
Fluidra SA | 594,020 | 12,615,369 | |
Puig Group SL Class B | 144,000 | 3,765,082 | |
TOTAL SPAIN | 29,601,427 | ||
Sweden - 12.2% | |||
Addlife AB | 1,295,211 | 12,058,423 | |
AddTech AB (B Shares) | 5,641,065 | 119,164,452 | |
Alligo AB (B Shares) | 500,000 | 5,880,004 | |
Arjo AB | 370,000 | 1,568,582 | |
Autoliv, Inc. | 365,900 | 43,831,161 | |
Bergman & Beving AB (B Shares) | 1,406,054 | 28,515,577 | |
Betsson AB (B Shares) | 540,000 | 6,002,504 | |
BHG Group AB (a) | 1,953,200 | 2,470,655 | |
Dometic Group AB (d) | 491,200 | 3,543,465 | |
Hemnet Group AB | 1,579,200 | 41,413,088 | |
HEXPOL AB (B Shares) | 375,500 | 4,293,220 | |
INVISIO AB | 1,268,172 | 28,020,751 | |
JM AB (B Shares) (b) | 315,300 | 5,418,843 | |
John Mattson Fastighetsforetagen AB (a) | 2,484,706 | 12,535,811 | |
Lagercrantz Group AB (B Shares) | 9,549,793 | 142,028,523 | |
Rusta AB | 1,050,000 | 7,212,533 | |
Surgical Science Sweden AB (a) | 200,000 | 2,851,076 | |
Teqnion AB (a) | 129,960 | 2,376,224 | |
TOTAL SWEDEN | 469,184,892 | ||
Switzerland - 1.0% | |||
Tecan Group AG (b) | 88,160 | 31,360,696 | |
VZ Holding AG | 45,512 | 5,257,954 | |
TOTAL SWITZERLAND | 36,618,650 | ||
Taiwan - 0.6% | |||
Addcn Technology Co. Ltd. (e) | 3,114,641 | 19,148,259 | |
International Games Systems Co. Ltd. | 164,000 | 5,006,407 | |
TOTAL TAIWAN | 24,154,666 | ||
United Kingdom - 15.5% | |||
B&M European Value Retail SA | 783,231 | 5,079,382 | |
Baltic Classifieds Group PLC | 3,720,300 | 10,808,230 | |
Berkeley Group Holdings PLC | 74,400 | 4,382,442 | |
Big Yellow Group PLC | 250,000 | 3,373,785 | |
Bodycote PLC | 5,872,308 | 51,070,688 | |
Cab Payments Holdings Ltd. (b) | 3,570,900 | 5,934,484 | |
Clarkson PLC | 498,634 | 24,206,196 | |
Close Brothers Group PLC | 325,000 | 1,849,396 | |
DCC PLC (United Kingdom) | 165,000 | 11,308,740 | |
Direct Line Insurance Group PLC | 3,750,000 | 8,706,240 | |
Domino's Pizza UK & IRL PLC | 1,017,300 | 4,141,463 | |
Dowlais Group PLC | 3,000,000 | 3,062,647 | |
DP Poland PLC (a) | 42,210,188 | 5,801,811 | |
Games Workshop Group PLC | 165,406 | 20,482,292 | |
GlobalData PLC | 1,200,000 | 3,178,855 | |
Grainger Trust PLC | 1,156,700 | 3,707,334 | |
H&T Group PLC | 600,000 | 3,148,866 | |
Harbour Energy PLC | 875,800 | 3,161,594 | |
Hill & Smith Holdings PLC | 495,514 | 11,702,304 | |
Howden Joinery Group PLC | 4,687,682 | 51,311,639 | |
Inchcape PLC | 1,077,460 | 10,770,721 | |
Indivior PLC (a) | 608,000 | 10,955,255 | |
InterContinental Hotel Group PLC ADR | 430,000 | 42,290,500 | |
J.D. Wetherspoon PLC (a) | 333,500 | 3,019,172 | |
John Wood Group PLC (a) | 2,400,000 | 4,450,397 | |
Lancashire Holdings Ltd. | 1,761,924 | 13,429,834 | |
LSL Property Services PLC | 694,900 | 2,587,571 | |
Marlowe PLC (a) | 600,000 | 3,673,677 | |
Mears Group PLC | 770,000 | 3,482,996 | |
On The Beach Group PLC (a)(d) | 2,387,000 | 4,306,984 | |
Oxford Instruments PLC | 510,000 | 14,402,313 | |
Petershill Partners PLC (d) | 2,373,300 | 6,183,186 | |
Pets At Home Group PLC | 3,141,900 | 11,471,659 | |
Pinewood Technologies Group PLC | 825,000 | 3,432,826 | |
Premier Foods PLC | 2,661,300 | 5,380,542 | |
Rightmove PLC | 2,924,463 | 18,819,453 | |
RS GROUP PLC | 535,487 | 4,931,398 | |
Sabre Insurance Group PLC (d) | 5,832,581 | 11,719,267 | |
Safestore Holdings PLC | 300,000 | 2,899,581 | |
Sage Group PLC | 1,055,000 | 15,371,089 | |
SigmaRoc PLC (a) | 12,508,500 | 10,190,758 | |
Softcat PLC | 280,945 | 5,508,050 | |
Spectris PLC | 2,719,300 | 113,150,114 | |
Spirax-Sarco Engineering PLC | 104,897 | 11,593,499 | |
Synthomer PLC (a)(b) | 1,413,695 | 4,592,855 | |
Tate & Lyle PLC | 514,700 | 4,238,315 | |
Unite Group PLC | 1,074,074 | 12,454,773 | |
Urban Logistics REIT PLC | 554,472 | 802,309 | |
Vistry Group PLC | 227,500 | 3,405,586 | |
TOTAL UNITED KINGDOM | 595,933,068 | ||
United States of America - 2.4% | |||
Morningstar, Inc. | 251,746 | 71,156,007 | |
PriceSmart, Inc. | 209,112 | 16,852,336 | |
Ramaco Resources, Inc. (b) | 320,000 | 5,017,600 | |
TOTAL UNITED STATES OF AMERICA | 93,025,943 | ||
TOTAL COMMON STOCKS (Cost $2,799,176,369) | 3,722,566,969 | ||
Investment Companies - 0.7% | |||
Shares | Value ($) | ||
United States of America - 0.7% | |||
iShares MSCI EAFE Small-Cap ETF (Cost $26,667,785) | 460,000 | 28,138,200 | |
Money Market Funds - 2.8% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 56,958,681 | 56,970,073 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 48,211,072 | 48,215,893 | |
TOTAL MONEY MARKET FUNDS (Cost $105,185,073) | 105,185,966 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $2,931,029,227) | 3,855,891,135 |
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (22,956,048) |
NET ASSETS - 100.0% | 3,832,935,087 |
ETF | - | EXCHANGE-TRADED FUND |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(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 $77,988,613 or 2.0% of net assets. |
(e) | Affiliated company |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 133,243,313 | 470,226,277 | 546,499,686 | 2,243,721 | 237 | (68) | 56,970,073 | 0.1% |
Fidelity Securities Lending Cash Central Fund 5.39% | 25,436,981 | 266,483,958 | 243,705,046 | 201,029 | - | - | 48,215,893 | 0.2% |
Total | 158,680,294 | 736,710,235 | 790,204,732 | 2,444,750 | 237 | (68) | 105,185,966 | |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Addcn Technology Co. Ltd. | 13,841,044 | 5,500,912 | - | 336,091 | - | (193,697) | 19,148,259 |
Broadleaf Co. Ltd. | 22,027,448 | - | 1,082,175 | 49,541 | (661,140) | 1,386,224 | 21,670,357 |
Curves Holdings Co. Ltd. | 25,681,624 | 266,742 | - | 210,967 | - | 1,937,341 | 27,885,707 |
Digital Hearts Holdings Co. Ltd. | 7,796,576 | 521,551 | - | 84,559 | - | (70,335) | 8,247,792 |
Koshidaka Holdings Co. Ltd. | 31,643,463 | 5,702,169 | - | 218,549 | - | (8,746,673) | 28,598,959 |
NS Tool Co. Ltd. | 10,284,096 | 346,468 | - | 110,285 | - | (1,948,813) | 8,681,751 |
YAKUODO Holdings Co. Ltd. | 15,137,096 | 3,321,707 | - | 141,585 | - | (140,666) | 18,318,137 |
Total | 126,411,347 | 15,659,549 | 1,082,175 | 1,151,577 | (661,140) | (7,776,619) | 132,550,962 |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 263,580,289 | 215,884,138 | 47,696,151 | - |
Consumer Discretionary | 395,716,483 | 228,545,766 | 167,170,717 | - |
Consumer Staples | 177,271,118 | 49,221,596 | 128,049,522 | - |
Energy | 70,603,004 | 50,573,228 | 20,029,776 | - |
Financials | 283,120,197 | 230,601,434 | 52,518,763 | - |
Health Care | 236,263,800 | 155,615,300 | 80,648,500 | - |
Industrials | 1,210,868,169 | 984,014,349 | 226,853,820 | - |
Information Technology | 765,496,015 | 429,361,818 | 336,134,197 | - |
Materials | 202,955,513 | 81,420,496 | 121,535,017 | - |
Real Estate | 104,249,562 | 70,459,190 | 33,790,372 | - |
Utilities | 12,442,819 | - | 12,442,819 | - |
Investment Companies | 28,138,200 | 28,138,200 | - | - |
Money Market Funds | 105,185,966 | 105,185,966 | - | - |
Total Investments in Securities: | 3,855,891,135 | 2,629,021,481 | 1,226,869,654 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $45,083,969) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $2,666,065,377) | $ | 3,618,154,207 | ||
Fidelity Central Funds (cost $105,185,073) | 105,185,966 | |||
Other affiliated issuers (cost $159,778,777) | 132,550,962 | |||
Total Investment in Securities (cost $2,931,029,227) | $ | 3,855,891,135 | ||
Foreign currency held at value (cost $596,713) | 591,973 | |||
Receivable for investments sold | 7,893,269 | |||
Receivable for fund shares sold | 11,180,792 | |||
Dividends receivable | 21,239,535 | |||
Reclaims receivable | 4,480,895 | |||
Distributions receivable from Fidelity Central Funds | 327,393 | |||
Other receivables | 4,565 | |||
Total assets | 3,901,609,557 | |||
Liabilities | ||||
Payable to custodian bank | $ | 93,421 | ||
Payable for investments purchased | ||||
Regular delivery | 19,087,138 | |||
Delayed delivery | 748,991 | |||
Payable for fund shares redeemed | 427,816 | |||
Other payables and accrued expenses | 101,211 | |||
Collateral on securities loaned | 48,215,893 | |||
Total liabilities | 68,674,470 | |||
Net Assets | $ | 3,832,935,087 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 2,798,760,944 | ||
Total accumulated earnings (loss) | 1,034,174,143 | |||
Net Assets | $ | 3,832,935,087 | ||
Net Asset Value, offering price and redemption price per share ($3,832,935,087 ÷ 228,534,797 shares) | $ | 16.77 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends (including $1,151,577 earned from affiliated issuers) | $ | 42,045,954 | ||
Interest | 4,679 | |||
Income from Fidelity Central Funds (including $201,029 from security lending) | 2,444,750 | |||
Income before foreign taxes withheld | $ | 44,495,383 | ||
Less foreign taxes withheld | (3,273,759) | |||
Total income | 41,221,624 | |||
Expenses | ||||
Custodian fees and expenses | $ | 151,176 | ||
Independent trustees' fees and expenses | 9,644 | |||
Interest | 3,840 | |||
Total expenses | 164,660 | |||
Net Investment income (loss) | 41,056,964 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $42,573) | 108,475,106 | |||
Fidelity Central Funds | 237 | |||
Other affiliated issuers | (661,140) | |||
Foreign currency transactions | (186,434) | |||
Total net realized gain (loss) | 107,627,769 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $152,968) | 534,087,656 | |||
Fidelity Central Funds | (68) | |||
Other affiliated issuers | (7,776,619) | |||
Assets and liabilities in foreign currencies | (285,223) | |||
Total change in net unrealized appreciation (depreciation) | 526,025,746 | |||
Net gain (loss) | 633,653,515 | |||
Net increase (decrease) in net assets resulting from operations | $ | 674,710,479 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 41,056,964 | $ | 74,884,949 |
Net realized gain (loss) | 107,627,769 | 47,300,034 | ||
Change in net unrealized appreciation (depreciation) | 526,025,746 | 93,637,886 | ||
Net increase (decrease) in net assets resulting from operations | 674,710,479 | 215,822,869 | ||
Distributions to shareholders | (133,792,393) | (211,666,578) | ||
Share transactions | ||||
Proceeds from sales of shares | 232,027,908 | 786,276,246 | ||
Reinvestment of distributions | 133,792,393 | 211,666,578 | ||
Cost of shares redeemed | (492,106,757) | (830,053,983) | ||
Net increase (decrease) in net assets resulting from share transactions | (126,286,456) | 167,888,841 | ||
Total increase (decrease) in net assets | 414,631,630 | 172,045,132 | ||
Net Assets | ||||
Beginning of period | 3,418,303,457 | 3,246,258,325 | ||
End of period | $ | 3,832,935,087 | $ | 3,418,303,457 |
Other Information | ||||
Shares | ||||
Sold | 14,092,686 | 51,964,278 | ||
Issued in reinvestment of distributions | 8,425,214 | 14,026,944 | ||
Redeemed | (29,344,322) | (54,776,134) | ||
Net increase (decrease) | (6,826,422) | 11,215,088 | ||
Fidelity® Series International Small Cap Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 14.52 | $ | 14.48 | $ | 24.12 | $ | 17.55 | $ | 16.71 | $ | 16.43 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .18 | .32 | .35 | .29 | .22 | .36 | ||||||
Net realized and unrealized gain (loss) | 2.64 | .67 | (7.16) | 6.45 | 1.36 | 1.47 | ||||||
Total from investment operations | 2.82 | .99 | (6.81) | 6.74 | 1.58 | 1.83 | ||||||
Distributions from net investment income | (.37) | (.21) | (.47) | (.17) | (.36) | (.37) | ||||||
Distributions from net realized gain | (.20) | (.73) | (2.35) | - | (.38) | (1.18) | ||||||
Total distributions | (.57) | (.95) C | (2.83) C | (.17) | (.74) | (1.55) | ||||||
Net asset value, end of period | $ | 16.77 | $ | 14.52 | $ | 14.48 | $ | 24.12 | $ | 17.55 | $ | 16.71 |
Total Return D,E | 19.61 % | 6.57% | (31.82)% | 38.60% | 9.60% | 12.77% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | .01 % H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 2.11% H | 2.02% | 2.03% | 1.34% | 1.36% | 2.28% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 3,832,935 | $ | 3,418,303 | $ | 3,246,258 | $ | 4,847,936 | $ | 3,653,041 | $ | 3,498,064 |
Portfolio turnover rate I | 29 % H | 26% | 25% | 32% | 24% J | 23% |
Top Holdings (% of Fund's net assets) | ||
Shell PLC ADR (United States of America, Oil, Gas & Consumable Fuels) | 4.6 | |
TotalEnergies SE (France, Oil, Gas & Consumable Fuels) | 3.3 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.8 | |
BHP Group Ltd. (Australia, Metals & Mining) | 2.4 | |
Toyota Motor Corp. (Japan, Automobiles) | 2.4 | |
Banco Santander SA (Spain) (Spain, Banks) | 2.4 | |
Rheinmetall AG (Germany, Aerospace & Defense) | 2.3 | |
BAE Systems PLC (United Kingdom, Aerospace & Defense) | 2.3 | |
Siemens AG (Germany, Industrial Conglomerates) | 2.3 | |
AXA SA (France, Insurance) | 2.2 | |
27.0 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 31.8 | |
Industrials | 18.3 | |
Materials | 12.0 | |
Energy | 11.5 | |
Consumer Discretionary | 8.4 | |
Information Technology | 5.9 | |
Health Care | 5.1 | |
Communication Services | 2.4 | |
Utilities | 0.8 | |
Real Estate | 0.7 | |
Consumer Staples | 0.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 96.8% | |||
Shares | Value ($) | ||
Australia - 6.7% | |||
BHP Group Ltd. | 13,397,929 | 367,453,157 | |
Commonwealth Bank of Australia | 958,714 | 70,244,523 | |
Glencore PLC | 51,949,127 | 302,269,340 | |
Macquarie Group Ltd. | 1,354,050 | 162,131,937 | |
Woodside Energy Group Ltd. | 5,582,344 | 100,018,905 | |
TOTAL AUSTRALIA | 1,002,117,862 | ||
Belgium - 1.6% | |||
KBC Group NV | 1,814,087 | 135,325,957 | |
UCB SA | 807,600 | 107,345,999 | |
TOTAL BELGIUM | 242,671,956 | ||
Finland - 0.8% | |||
Mandatum Holding OY | 2,697,987 | 12,530,678 | |
Sampo Oyj (A Shares) | 2,785,667 | 112,730,997 | |
TOTAL FINLAND | 125,261,675 | ||
France - 12.0% | |||
Air Liquide SA | 896,899 | 175,414,267 | |
Airbus Group NV | 520,187 | 85,600,810 | |
ALTEN | 513,108 | 60,618,087 | |
AXA SA | 9,590,179 | 332,011,692 | |
BNP Paribas SA | 3,409,370 | 245,344,586 | |
Capgemini SA | 616,828 | 129,645,570 | |
TotalEnergies SE | 6,835,167 | 496,224,387 | |
VINCI SA | 1,277,729 | 149,719,248 | |
Vivendi SA | 11,377,555 | 116,151,585 | |
TOTAL FRANCE | 1,790,730,232 | ||
Germany - 11.2% | |||
Bayer AG | 1,126,082 | 32,867,991 | |
Bayerische Motoren Werke AG (BMW) | 1,081,600 | 118,256,347 | |
Covestro AG (a)(b) | 729,900 | 36,595,037 | |
DHL Group | 2,996,607 | 125,467,732 | |
Fresenius SE & Co. KGaA | 2,687,300 | 80,214,787 | |
Hannover Reuck SE | 638,563 | 158,374,659 | |
Infineon Technologies AG | 1,524,800 | 52,915,172 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 374,737 | 164,846,747 | |
Rheinmetall AG | 630,381 | 347,942,476 | |
RWE AG | 3,537,100 | 123,216,716 | |
Siemens AG | 1,806,387 | 338,396,926 | |
Vonovia SE | 3,340,741 | 96,534,135 | |
TOTAL GERMANY | 1,675,628,725 | ||
Hong Kong - 0.7% | |||
Prudential PLC | 12,599,350 | 109,580,962 | |
India - 0.7% | |||
Reliance Industries Ltd. GDR (b) | 1,569,400 | 110,956,580 | |
Indonesia - 0.5% | |||
PT Bank Rakyat Indonesia (Persero) Tbk | 224,250,937 | 67,881,560 | |
Ireland - 0.7% | |||
Bank of Ireland Group PLC | 9,693,400 | 103,913,481 | |
Italy - 5.1% | |||
Eni SpA | 14,159,800 | 227,430,339 | |
Mediobanca SpA (c) | 11,095,655 | 158,081,129 | |
Prysmian SpA | 1,778,700 | 97,151,342 | |
Ryanair Holdings PLC sponsored ADR (c) | 1,013,900 | 138,093,180 | |
UniCredit SpA | 3,777,100 | 138,636,049 | |
TOTAL ITALY | 759,392,039 | ||
Japan - 24.5% | |||
Daiichi Sankyo Kabushiki Kaisha | 746,200 | 25,115,384 | |
DENSO Corp. | 10,421,684 | 177,618,040 | |
Eisai Co. Ltd. | 1,028,100 | 42,223,099 | |
Fast Retailing Co. Ltd. | 163,800 | 42,828,633 | |
FUJIFILM Holdings Corp. | 6,145,147 | 130,722,564 | |
Fujitsu Ltd. | 7,603,500 | 117,460,035 | |
Hitachi Ltd. | 4,529,160 | 417,863,453 | |
Hoya Corp. | 339,709 | 39,385,802 | |
Ibiden Co. Ltd. | 1,344,844 | 51,122,243 | |
INPEX Corp. | 5,983,300 | 89,628,648 | |
Itochu Corp. | 6,270,653 | 282,899,083 | |
LY Corp. | 11,867,600 | 28,513,501 | |
Minebea Mitsumi, Inc. | 2,670,651 | 50,022,242 | |
Mitsubishi Heavy Industries Ltd. | 18,063,900 | 161,511,445 | |
Mitsubishi UFJ Financial Group, Inc. | 31,401,744 | 312,803,971 | |
NOF Corp. | 3,085,700 | 41,397,541 | |
ORIX Corp. | 7,777,033 | 159,160,219 | |
Renesas Electronics Corp. | 8,995,960 | 146,056,175 | |
Shin-Etsu Chemical Co. Ltd. | 5,868,910 | 227,179,284 | |
SoftBank Group Corp. | 1,812,637 | 89,146,571 | |
Sony Group Corp. | 650,845 | 53,793,231 | |
Sumitomo Mitsui Financial Group, Inc. | 4,515,083 | 256,473,934 | |
Suzuki Motor Corp. | 9,658,248 | 112,477,885 | |
TIS, Inc. | 1,879,156 | 40,132,338 | |
Tokio Marine Holdings, Inc. | 6,320,825 | 199,778,495 | |
Toyota Motor Corp. | 15,722,360 | 358,604,953 | |
TOTAL JAPAN | 3,653,918,769 | ||
Korea (South) - 0.9% | |||
Samsung Electronics Co. Ltd. | 2,307,623 | 127,913,909 | |
Luxembourg - 0.5% | |||
ArcelorMittal SA (Netherlands) | 2,642,158 | 66,516,983 | |
Netherlands - 0.4% | |||
Universal Music Group NV | 1,911,660 | 56,511,423 | |
Singapore - 1.0% | |||
United Overseas Bank Ltd. | 6,867,989 | 152,406,198 | |
South Africa - 1.1% | |||
Anglo American PLC (United Kingdom) | 4,658,376 | 152,223,985 | |
Thungela Resources Ltd. | 722,574 | 4,974,937 | |
TOTAL SOUTH AFRICA | 157,198,922 | ||
Spain - 3.0% | |||
Banco Santander SA (Spain) (c) | 72,513,272 | 353,886,929 | |
Cellnex Telecom SA (b) | 1,748,538 | 57,797,387 | |
Unicaja Banco SA (b)(c) | 26,241,731 | 34,362,350 | |
TOTAL SPAIN | 446,046,666 | ||
Sweden - 1.6% | |||
Investor AB (B Shares) (c) | 9,678,260 | 239,181,347 | |
Switzerland - 3.3% | |||
Swiss Life Holding AG | 154,490 | 104,365,831 | |
UBS Group AG (c) | 7,295,451 | 195,882,859 | |
Zurich Insurance Group Ltd. | 408,820 | 197,550,007 | |
TOTAL SWITZERLAND | 497,798,697 | ||
United Kingdom - 10.6% | |||
AstraZeneca PLC (United Kingdom) | 1,210,359 | 183,065,531 | |
B&M European Value Retail SA | 6,830,500 | 44,296,916 | |
BAE Systems PLC | 20,545,239 | 341,712,861 | |
Barratt Developments PLC | 25,660,599 | 145,795,925 | |
Beazley PLC | 9,095,617 | 75,352,789 | |
Flutter Entertainment PLC (a) | 327,300 | 61,039,924 | |
HSBC Holdings PLC (United Kingdom) | 12,656,700 | 109,707,684 | |
Imperial Brands PLC | 4,051,008 | 92,566,164 | |
JD Sports Fashion PLC | 30,631,300 | 44,246,294 | |
Lloyds Banking Group PLC | 247,910,471 | 159,997,320 | |
London Stock Exchange Group PLC | 728,600 | 80,320,943 | |
Rolls-Royce Holdings PLC (a) | 17,473,600 | 89,605,066 | |
Standard Chartered PLC (United Kingdom) | 17,865,122 | 153,488,922 | |
TOTAL UNITED KINGDOM | 1,581,196,339 | ||
United States of America - 9.9% | |||
CRH PLC | 3,342,028 | 260,417,300 | |
Ferguson PLC | 502,195 | 106,427,013 | |
GSK PLC | 11,884,128 | 246,559,048 | |
Linde PLC | 400,314 | 176,522,461 | |
Shell PLC ADR | 9,646,648 | 691,278,794 | |
TOTAL UNITED STATES OF AMERICA | 1,481,204,616 | ||
TOTAL COMMON STOCKS (Cost $10,216,656,411) | 14,448,028,941 | ||
Nonconvertible Preferred Stocks - 0.7% | |||
Shares | Value ($) | ||
Germany - 0.7% | |||
Porsche Automobil Holding SE (Germany) (Cost $127,912,143) | 1,977,377 | 100,750,334 | |
Money Market Funds - 5.0% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 291,673,700 | 291,732,035 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 459,560,680 | 459,606,636 | |
TOTAL MONEY MARKET FUNDS (Cost $751,338,671) | 751,338,671 | ||
TOTAL INVESTMENT IN SECURITIES - 102.5% (Cost $11,095,907,225) | 15,300,117,946 |
NET OTHER ASSETS (LIABILITIES) - (2.5)% | (377,027,700) |
NET ASSETS - 100.0% | 14,923,090,246 |
(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 $239,711,354 or 1.6% of net assets. |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 292,175,622 | 1,348,345,323 | 1,348,786,652 | 8,269,468 | (2,258) | - | 291,732,035 | 0.6% |
Fidelity Securities Lending Cash Central Fund 5.39% | 171,028,158 | 1,280,061,593 | 991,483,115 | 504,787 | - | - | 459,606,636 | 1.7% |
Total | 463,203,780 | 2,628,406,916 | 2,340,269,767 | 8,774,255 | (2,258) | - | 751,338,671 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 348,120,467 | 172,663,008 | 175,457,459 | - |
Consumer Discretionary | 1,259,708,482 | 413,635,406 | 846,073,076 | - |
Consumer Staples | 92,566,164 | - | 92,566,164 | - |
Energy | 1,720,512,590 | 807,210,311 | 913,302,279 | - |
Financials | 4,756,354,755 | 2,378,397,452 | 2,377,957,303 | - |
Health Care | 756,777,641 | 220,428,777 | 536,348,864 | - |
Industrials | 2,732,412,877 | 689,614,011 | 2,042,798,866 | - |
Information Technology | 856,586,093 | 60,618,087 | 795,968,006 | - |
Materials | 1,805,989,355 | 540,051,781 | 1,265,937,574 | - |
Real Estate | 96,534,135 | - | 96,534,135 | - |
Utilities | 123,216,716 | - | 123,216,716 | - |
Money Market Funds | 751,338,671 | 751,338,671 | - | - |
Total Investments in Securities: | 15,300,117,946 | 6,033,957,504 | 9,266,160,442 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $425,491,272) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,344,568,554) | $ | 14,548,779,275 | ||
Fidelity Central Funds (cost $751,338,671) | 751,338,671 | |||
Total Investment in Securities (cost $11,095,907,225) | $ | 15,300,117,946 | ||
Foreign currency held at value (cost $6,045,515) | 6,045,509 | |||
Receivable for investments sold | 123,688,857 | |||
Receivable for fund shares sold | 289,760 | |||
Dividends receivable | 92,132,166 | |||
Reclaims receivable | 39,428,331 | |||
Interest receivable | 1,510 | |||
Distributions receivable from Fidelity Central Funds | 1,347,284 | |||
Other receivables | 12,110 | |||
Total assets | 15,563,063,473 | |||
Liabilities | ||||
Payable for investments purchased | $ | 35,175,745 | ||
Payable for fund shares redeemed | 144,938,462 | |||
Other payables and accrued expenses | 252,384 | |||
Collateral on securities loaned | 459,606,636 | |||
Total liabilities | 639,973,227 | |||
Net Assets | $ | 14,923,090,246 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,417,380,855 | ||
Total accumulated earnings (loss) | 3,505,709,391 | |||
Net Assets | $ | 14,923,090,246 | ||
Net Asset Value, offering price and redemption price per share ($14,923,090,246 ÷ 1,213,399,551 shares) | $ | 12.30 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 252,561,107 | ||
Interest | 531,379 | |||
Income from Fidelity Central Funds (including $504,787 from security lending) | 8,774,255 | |||
Income before foreign taxes withheld | $ | 261,866,741 | ||
Less foreign taxes withheld | (9,975,699) | |||
Total income | 251,891,042 | |||
Expenses | ||||
Custodian fees and expenses | $ | 380,171 | ||
Independent trustees' fees and expenses | 35,643 | |||
Interest | 3,989 | |||
Total expenses | 419,803 | |||
Net Investment income (loss) | 251,471,239 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 185,528,788 | |||
Redemptions in-kind | 125,954,038 | |||
Fidelity Central Funds | (2,258) | |||
Foreign currency transactions | (921,310) | |||
Total net realized gain (loss) | 310,559,258 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 1,952,261,609 | |||
Assets and liabilities in foreign currencies | (133,945) | |||
Total change in net unrealized appreciation (depreciation) | 1,952,127,664 | |||
Net gain (loss) | 2,262,686,922 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,514,158,161 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 251,471,239 | $ | 459,683,466 |
Net realized gain (loss) | 310,559,258 | 190,312,862 | ||
Change in net unrealized appreciation (depreciation) | 1,952,127,664 | 1,675,747,717 | ||
Net increase (decrease) in net assets resulting from operations | 2,514,158,161 | 2,325,744,045 | ||
Distributions to shareholders | (464,306,298) | (425,784,758) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,399,966,551 | 1,992,285,965 | ||
Reinvestment of distributions | 464,306,298 | 425,784,758 | ||
Cost of shares redeemed | (1,777,796,978) | (3,899,245,756) | ||
Net increase (decrease) in net assets resulting from share transactions | 86,475,871 | (1,481,175,033) | ||
Total increase (decrease) in net assets | 2,136,327,734 | 418,784,254 | ||
Net Assets | ||||
Beginning of period | 12,786,762,512 | 12,367,978,258 | ||
End of period | $ | 14,923,090,246 | $ | 12,786,762,512 |
Other Information | ||||
Shares | ||||
Sold | 119,710,685 | 187,826,877 | ||
Issued in reinvestment of distributions | 41,345,609 | 42,493,489 | ||
Redeemed | (149,150,060) | (368,035,186) | ||
Net increase (decrease) | 11,906,234 | (137,714,820) | ||
Fidelity® Series International Value Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.64 | $ | 9.24 | $ | 11.62 | $ | 8.25 | $ | 9.82 | $ | 9.68 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .20 | .37 | .42 | .43 C | .26 | .39 | ||||||
Net realized and unrealized gain (loss) | 1.84 | 1.36 | (2.24) | 3.23 | (1.43) | .10 | ||||||
Total from investment operations | 2.04 | 1.73 | (1.82) | 3.66 | (1.17) | .49 | ||||||
Distributions from net investment income | (.38) | (.33) | (.56) | (.29) | (.36) | (.35) | ||||||
Distributions from net realized gain | - | - | - | - | (.04) | - | ||||||
Total distributions | (.38) | (.33) | (.56) | (.29) | (.40) | (.35) | ||||||
Net asset value, end of period | $ | 12.30 | $ | 10.64 | $ | 9.24 | $ | 11.62 | $ | 8.25 | $ | 9.82 |
Total Return D,E | 19.56 % | 18.99% | (16.40)% | 44.95% | (12.55)% | 5.48% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of fee waivers, if any | .01 % H | .01% | .01% | .01% | .01% | .01% | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | .01% | ||||||
Net investment income (loss) | 3.44% H | 3.42% | 4.09% | 3.97% C | 2.92% | 4.23% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 14,923,090 | $ | 12,786,763 | $ | 12,367,978 | $ | 15,330,482 | $ | 11,605,710 | $ | 15,992,396 |
Portfolio turnover rate I | 25 % H,J | 30% J | 31% J | 34% | 36% J | 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 | $229,775,396 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 1.6 - 10.0 / 3.7 | Increase |
Market approach | Transaction price | $56.00 | Increase | ||
Discount rate | 20.0% - 50.0% / 20.3% | Decrease | |||
Recovery value | Recovery value | $0.00 | Increase | ||
Black scholes | Discount rate | 4.8% | Increase | ||
Term | 3.0 | Increase | |||
Volatility | 60.0% | Increase | |||
Corporate Bonds | $44,615,271 | Market comparable | Enterprise value/Revenue multiple (EV/R) | 8.8 | Increase |
Discount rate | 23.2% | Decrease | |||
Probability rate | 33.3% | Increase | |||
Discounted cash flow | Discount rate | 3.3% | Decrease | ||
Black scholes | Discount rate | 4.8% - 5.0% / 4.9% | Increase | ||
Term | 1.7 - 2.8 / 2.2 | Increase | |||
Volatility | 65.0% | Increase | |||
Tax cost ($) | Gross unrealized appreciation ($) | Gross unrealized depreciation ($) | Net unrealized appreciation (depreciation) ($) | |
Fidelity Series Emerging Markets Fund | 5,060,739,941 | 1,023,368,609 | (291,249,377) | 732,119,232 |
Fidelity Series Emerging Markets Opportunities Fund | 19,132,978,818 | 6,824,541,227 | (2,557,956,698) | 4,266,584,529 |
Fidelity Series International Growth Fund | 9,367,642,952 | 5,886,897,219 | (217,711,605) | 5,669,185,614 |
Fidelity Series International Small Cap Fund | 2,954,710,847 | 1,193,698,670 | (292,518,382) | 901,180,288 |
Fidelity Series International Value Fund | 11,289,007,800 | 4,392,964,012 | (381,853,866) | 4,011,110,146 |
Short-term ($) | 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) | (1,817,785,323) |
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) |
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 | 2,450,887,771 | 2,182,173,133 |
Fidelity Series Emerging Markets Opportunities Fund | 4,906,441,544 | 5,147,476,255 |
Fidelity Series International Growth Fund | 1,878,649,584 | 2,308,643,601 |
Fidelity Series International Small Cap Fund | 541,181,171 | 677,543,215 |
Fidelity Series International Value Fund | 1,998,571,593 | 1,794,910,777 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series International Growth Fund | 19,072,364 | 175,468,806 | 329,605,171 |
Fidelity Series International Value Fund | 27,879,732 | 125,954,038 | 327,159,137 |
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 ($) | |
Fidelity Series Emerging Markets Fund | 413 |
Fidelity Series Emerging Markets Opportunities Fund | 18,108 |
Fidelity Series International Growth Fund | 2,603 |
Fidelity Series International Small Cap Fund | 642 |
Fidelity Series International Value Fund | 981 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Series International Small Cap Fund | Borrower | 24,754,000 | 5.59% | 3,840 |
Fidelity Series International Value Fund | Borrower | 12,860,500 | 5.58% | 3,989 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Series Emerging Markets Fund | 12,826,396 | 33,444,816 | 1,811,448 |
Fidelity Series Emerging Markets Opportunities Fund | 19,931,607 | 37,931,689 | 6,244,902 |
Fidelity Series International Growth Fund | 113,819,948 | 37,210,202 | 20,564,562 |
Fidelity Series International Small Cap Fund | 18,989,860 | 22,800,688 | 1,155,116 |
Fidelity Series International Value Fund | 29,413,098 | 74,492,560 | 20,111,516 |
Amount ($) | |
Fidelity Series International Small Cap Fund | 19,711 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Series Emerging Markets Fund | 41,271 | - | - |
Fidelity Series Emerging Markets Opportunities Fund | 126,399 | 2 | - |
Fidelity Series International Growth Fund | 15,093 | - | - |
Fidelity Series International Small Cap Fund | 21,981 | - | - |
Fidelity Series International Value Fund | 55,520 | - | - |
Expense Limitations | Reimbursement ($) | |
Fidelity Series Emerging Markets Fund | .013% | 531,112 |
Fidelity Series Emerging Markets Opportunities Fund | .013% | 1,713,192 |
Custodian credits ($) | |
Fidelity Series Emerging Markets Fund | 1,895 |
Fidelity Series Emerging Markets Opportunities Fund | 2,435 |
Fidelity Series International Growth Fund | 784 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Series Emerging Markets Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,159.70 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
Fidelity® Series Emerging Markets Opportunities Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,160.90 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
Fidelity® Series International Growth Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,207.10 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
Fidelity® Series International Small Cap Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,196.10 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
Fidelity® Series International Value Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,195.60 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Itochu Corp. (Japan, Trading Companies & Distributors) | 5.1 | |
Constellation Software, Inc. (Canada, Software) | 5.1 | |
Keyence Corp. (Japan, Electronic Equipment, Instruments & Components) | 4.4 | |
Indutrade AB (Sweden, Machinery) | 4.2 | |
Investor AB (B Shares) (Sweden, Financial Services) | 4.2 | |
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) (Canada, Consumer Staples Distribution & Retail) | 3.7 | |
Schneider Electric SA (United States of America, Electrical Equipment) | 3.6 | |
Hannover Reuck SE (Germany, Insurance) | 3.5 | |
Sika AG (Switzerland, Chemicals) | 3.5 | |
Sage Group PLC (United Kingdom, Software) | 3.4 | |
40.7 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 30.1 | |
Financials | 20.6 | |
Information Technology | 20.5 | |
Consumer Discretionary | 7.8 | |
Materials | 7.5 | |
Energy | 3.9 | |
Consumer Staples | 3.7 | |
Health Care | 1.4 | |
Real Estate | 0.8 | |
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 - 96.8% | |||
Shares | Value ($) | ||
Australia - 3.1% | |||
Aristocrat Leisure Ltd. | 389,887 | 9,949,911 | |
CAR Group Ltd. | 158,560 | 3,438,138 | |
Steadfast Group Ltd. | 2,013,426 | 7,327,706 | |
TOTAL AUSTRALIA | 20,715,755 | ||
Belgium - 0.8% | |||
UCB SA | 41,100 | 5,463,002 | |
Canada - 12.1% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 445,100 | 24,669,400 | |
Constellation Software, Inc. | 13,236 | 34,076,991 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 10,836 | 1 | |
Ivanhoe Mines Ltd. (a)(c) | 1,427,400 | 19,347,898 | |
MEG Energy Corp. (a) | 130,200 | 2,961,219 | |
TOTAL CANADA | 81,055,509 | ||
Denmark - 1.0% | |||
Pandora A/S | 43,400 | 6,641,431 | |
France - 3.0% | |||
Capgemini SA | 51,685 | 10,863,209 | |
Sartorius Stedim Biotech | 19,300 | 4,181,183 | |
Thales SA | 30,100 | 5,073,784 | |
TOTAL FRANCE | 20,118,176 | ||
Germany - 3.5% | |||
Hannover Reuck SE | 93,982 | 23,309,160 | |
India - 6.0% | |||
Axis Bank Ltd. | 479,278 | 6,687,905 | |
HDFC Bank Ltd. | 897,778 | 16,299,541 | |
Reliance Industries Ltd. | 484,671 | 17,009,179 | |
TOTAL INDIA | 39,996,625 | ||
Indonesia - 3.1% | |||
PT Bank Central Asia Tbk | 18,643,987 | 11,210,342 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 32,421,538 | 9,814,115 | |
TOTAL INDONESIA | 21,024,457 | ||
Ireland - 2.6% | |||
Kingspan Group PLC (Ireland) | 191,207 | 17,110,105 | |
Italy - 1.0% | |||
FinecoBank SpA | 438,676 | 6,760,159 | |
Japan - 22.1% | |||
BayCurrent Consulting, Inc. | 217,800 | 4,636,345 | |
Fast Retailing Co. Ltd. | 37,100 | 9,700,502 | |
Fuji Electric Co. Ltd. | 207,300 | 12,894,876 | |
Itochu Corp. | 763,666 | 34,452,621 | |
Keyence Corp. | 66,324 | 29,167,296 | |
Minebea Mitsumi, Inc. | 974,036 | 18,244,040 | |
Mitsubishi Heavy Industries Ltd. | 1,894,500 | 16,938,946 | |
Persol Holdings Co. Ltd. | 2,239,900 | 3,098,475 | |
Renesas Electronics Corp. | 1,168,500 | 18,971,476 | |
TOTAL JAPAN | 148,104,577 | ||
Korea (South) - 1.3% | |||
Samsung Electronics Co. Ltd. | 152,284 | 8,441,258 | |
Netherlands - 4.0% | |||
BE Semiconductor Industries NV | 99,600 | 13,339,787 | |
IMCD NV | 86,510 | 13,133,014 | |
TOTAL NETHERLANDS | 26,472,801 | ||
Portugal - 0.9% | |||
Galp Energia SGPS SA Class B | 274,800 | 5,923,985 | |
Spain - 2.8% | |||
CaixaBank SA | 3,543,505 | 18,686,883 | |
Sweden - 10.5% | |||
Atlas Copco AB (A Shares) | 785,700 | 13,762,390 | |
Indutrade AB | 1,213,506 | 28,431,568 | |
Investor AB (B Shares) | 1,144,704 | 28,289,366 | |
TOTAL SWEDEN | 70,483,324 | ||
Switzerland - 4.9% | |||
Partners Group Holding AG | 7,370 | 9,536,704 | |
Sika AG | 80,704 | 23,115,978 | |
TOTAL SWITZERLAND | 32,652,682 | ||
United Kingdom - 9.4% | |||
B&M European Value Retail SA | 3,080,487 | 19,977,465 | |
Big Yellow Group PLC | 429,000 | 5,789,415 | |
Games Workshop Group PLC | 42,200 | 5,225,643 | |
RS GROUP PLC | 1,018,100 | 9,375,870 | |
Sage Group PLC | 1,558,500 | 22,706,960 | |
TOTAL UNITED KINGDOM | 63,075,353 | ||
United States of America - 4.7% | |||
CRH PLC | 100,900 | 7,811,678 | |
Schneider Electric SA | 104,700 | 23,872,993 | |
TOTAL UNITED STATES OF AMERICA | 31,684,671 | ||
TOTAL COMMON STOCKS (Cost $560,273,152) | 647,719,913 | ||
Money Market Funds - 6.1% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 19,548,659 | 19,552,568 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 21,043,136 | 21,045,240 | |
TOTAL MONEY MARKET FUNDS (Cost $40,597,808) | 40,597,808 | ||
TOTAL INVESTMENT IN SECURITIES - 102.9% (Cost $600,870,960) | 688,317,721 |
NET OTHER ASSETS (LIABILITIES) - (2.9)% | (19,211,244) |
NET ASSETS - 100.0% | 669,106,477 |
(a) | Non-income producing |
(b) | Level 3 security |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 68,161,995 | 105,843,575 | 154,452,915 | 1,468,280 | (87) | - | 19,552,568 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 31,887,409 | 10,842,169 | 3,932 | - | - | 21,045,240 | 0.1% |
Total | 68,161,995 | 137,730,984 | 165,295,084 | 1,472,212 | (87) | - | 40,597,808 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 3,438,138 | - | 3,438,138 | - |
Consumer Discretionary | 51,494,952 | 31,844,539 | 19,650,413 | - |
Consumer Staples | 24,669,400 | 24,669,400 | - | - |
Energy | 25,894,383 | 8,885,204 | 17,009,179 | - |
Financials | 137,921,881 | 67,895,389 | 70,026,492 | - |
Health Care | 9,644,185 | 9,644,185 | - | - |
Industrials | 201,025,027 | 73,124,341 | 127,900,686 | - |
Information Technology | 137,566,978 | 70,123,738 | 67,443,239 | 1 |
Materials | 50,275,554 | 50,275,554 | - | - |
Real Estate | 5,789,415 | 5,789,415 | - | - |
Money Market Funds | 40,597,808 | 40,597,808 | - | - |
Total Investments in Securities: | 688,317,721 | 382,849,573 | 305,468,147 | 1 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $17,977,491) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $560,273,152) | $ | 647,719,913 | ||
Fidelity Central Funds (cost $40,597,808) | 40,597,808 | |||
Total Investment in Securities (cost $600,870,960) | $ | 688,317,721 | ||
Foreign currency held at value (cost $82,840) | 82,835 | |||
Receivable for investments sold | 72 | |||
Receivable for fund shares sold | 870,440 | |||
Dividends receivable | 1,196,139 | |||
Reclaims receivable | 557,790 | |||
Distributions receivable from Fidelity Central Funds | 105,866 | |||
Total assets | 691,130,863 | |||
Liabilities | ||||
Payable for investments purchased | $ | 106,129 | ||
Payable for fund shares redeemed | 230,743 | |||
Other payables and accrued expenses | 642,274 | |||
Collateral on securities loaned | 21,045,240 | |||
Total liabilities | 22,024,386 | |||
Net Assets | $ | 669,106,477 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 680,767,985 | ||
Total accumulated earnings (loss) | (11,661,508) | |||
Net Assets | $ | 669,106,477 | ||
Net Asset Value, offering price and redemption price per share ($669,106,477 ÷ 58,456,090 shares) | $ | 11.45 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 6,766,271 | ||
Income from Fidelity Central Funds (including $3,932 from security lending) | 1,472,212 | |||
Income before foreign taxes withheld | $ | 8,238,483 | ||
Less foreign taxes withheld | (866,262) | |||
Total income | 7,372,221 | |||
Expenses | ||||
Independent trustees' fees and expenses | $ | 1,498 | ||
Total expenses | 1,498 | |||
Net Investment income (loss) | 7,370,723 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $159,704) | (27,037,556) | |||
Fidelity Central Funds | (87) | |||
Foreign currency transactions | (36,776) | |||
Total net realized gain (loss) | (27,074,419) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $520,819) | 100,931,478 | |||
Assets and liabilities in foreign currencies | (9,917) | |||
Total change in net unrealized appreciation (depreciation) | 100,921,561 | |||
Net gain (loss) | 73,847,142 | |||
Net increase (decrease) in net assets resulting from operations | $ | 81,217,865 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 7,370,723 | $ | 12,058,422 |
Net realized gain (loss) | (27,074,419) | (33,839,849) | ||
Change in net unrealized appreciation (depreciation) | 100,921,561 | 46,040,455 | ||
Net increase (decrease) in net assets resulting from operations | 81,217,865 | 24,259,028 | ||
Distributions to shareholders | (11,534,142) | (6,168,818) | ||
Share transactions | ||||
Proceeds from sales of shares | 111,037,417 | 179,578,134 | ||
Reinvestment of distributions | 3,673,934 | 1,847,861 | ||
Cost of shares redeemed | (43,748,922) | (109,762,922) | ||
Net increase (decrease) in net assets resulting from share transactions | 70,962,429 | 71,663,073 | ||
Total increase (decrease) in net assets | 140,646,152 | 89,753,283 | ||
Net Assets | ||||
Beginning of period | 528,460,325 | 438,707,042 | ||
End of period | $ | 669,106,477 | $ | 528,460,325 |
Other Information | ||||
Shares | ||||
Sold | 9,732,467 | 16,763,788 | ||
Issued in reinvestment of distributions | 332,182 | 177,850 | ||
Redeemed | (3,881,229) | (10,338,376) | ||
Net increase (decrease) | 6,183,420 | 6,603,262 | ||
Fidelity® SAI International SMA Completion Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 10.11 | $ | 9.61 | $ | 15.46 | $ | 12.38 | $ | 10.47 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .13 | .25 | .18 | .19 | .17 D | .08 | ||||||
Net realized and unrealized gain (loss) | 1.43 | .39 | (5.16) | 3.01 | 1.77 | .39 | ||||||
Total from investment operations | 1.56 | .64 | (4.98) | 3.20 | 1.94 | .47 | ||||||
Distributions from net investment income | (.22) | (.14) | (.16) | (.12) | (.03) | - | ||||||
Distributions from net realized gain | - | - | (.71) | - | - | - | ||||||
Total distributions | (.22) | (.14) | (.87) | (.12) | (.03) | - | ||||||
Net asset value, end of period | $ | 11.45 | $ | 10.11 | $ | 9.61 | $ | 15.46 | $ | 12.38 | $ | 10.47 |
Total Return E,F | 15.49 % | 6.61% | (34.09)% | 26.03% | 18.57% | 4.70% | ||||||
Ratios to Average Net Assets C,G,H | ||||||||||||
Expenses before reductions I | -% J | -% | -% | -% | -% | -% J | ||||||
Expenses net of fee waivers, if any I | - % J | -% | -% | -% | -% | -% J | ||||||
Expenses net of all reductions I | -% J | -% | -% | -% | -% | -% J | ||||||
Net investment income (loss) | 2.35% J | 2.36% | 1.56% | 1.30% | 1.45% D | 1.41% J | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 669,106 | $ | 528,460 | $ | 438,707 | $ | 583,710 | $ | 318,362 | $ | 46,836 |
Portfolio turnover rate K | 42 % J | 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 | $105,878,283 |
Gross unrealized depreciation | (24,364,834) |
Net unrealized appreciation (depreciation) | $81,513,449 |
Tax cost | $606,804,272 |
Short-term | $(20,563,814) |
Long-term | (53,416,729) |
Total capital loss carryforward | $(73,980,543) |
Purchases ($) | Sales ($) | |
Fidelity SAI International SMA Completion Fund | 236,984,578 | 121,691,936 |
Amount ($) | |
Fidelity SAI International SMA Completion Fund | 180 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity SAI International SMA Completion Fund | 1,672,807 | 7,787,591 | (3,278,733) |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity SAI International SMA Completion Fund | 426 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® SAI International SMA Completion Fund | -%-D | |||||||||
Actual | $ 1,000 | $ 1,154.90 | $-E | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.86 | $-E | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Nova Ltd. (Israel, Semiconductors & Semiconductor Equipment) | 1.1 | |
Lancashire Holdings Ltd. (United Kingdom, Insurance) | 1.1 | |
Vistry Group PLC (United Kingdom, Household Durables) | 1.0 | |
VZ Holding AG (Switzerland, Capital Markets) | 1.0 | |
Toyo Suisan Kaisha Ltd. (Japan, Food Products) | 1.0 | |
Mitie Group PLC (United Kingdom, Commercial Services & Supplies) | 0.9 | |
Munters Group AB (Sweden, Building Products) | 0.9 | |
Sabre Insurance Group PLC (United Kingdom, Insurance) | 0.9 | |
Suruga Bank Ltd. (Japan, Banks) | 0.9 | |
Steadfast Group Ltd. (Australia, Insurance) | 0.9 | |
9.7 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 23.9 | |
Consumer Discretionary | 14.0 | |
Financials | 11.8 | |
Information Technology | 9.8 | |
Materials | 9.2 | |
Real Estate | 7.5 | |
Consumer Staples | 5.9 | |
Health Care | 5.8 | |
Communication Services | 5.3 | |
Energy | 3.1 | |
Utilities | 1.9 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.6% | |||
Shares | Value ($) | ||
Australia - 7.2% | |||
ALS Ltd. | 1,016 | 8,495 | |
Ansell Ltd. | 358 | 5,886 | |
Aurizon Holdings Ltd. | 2,153 | 5,288 | |
Beach Energy Ltd. | 6,020 | 6,164 | |
CAR Group Ltd. | 419 | 9,085 | |
Challenger Ltd. | 953 | 4,106 | |
Evolution Mining Ltd. | 2,578 | 6,648 | |
Flight Centre Travel Group Ltd. | 515 | 7,000 | |
GUD Holdings Ltd. | 1,090 | 7,158 | |
Incitec Pivot Ltd. | 2,876 | 5,164 | |
Iress Ltd. (a) | 376 | 2,055 | |
National Storage REIT unit | 4,732 | 6,525 | |
Steadfast Group Ltd. | 2,981 | 10,849 | |
Treasury Wine Estates Ltd. | 809 | 6,274 | |
TOTAL AUSTRALIA | 90,697 | ||
Austria - 1.6% | |||
AT&S Austria Technologie & Systemtechnik AG | 107 | 2,382 | |
Schoeller-Bleckmann Oilfield Equipment AG | 107 | 5,219 | |
Wienerberger AG | 268 | 9,598 | |
Zumtobel AG | 440 | 2,808 | |
TOTAL AUSTRIA | 20,007 | ||
Bailiwick of Jersey - 0.6% | |||
JTC PLC (b) | 725 | 7,746 | |
Belgium - 1.5% | |||
Azelis Group NV | 277 | 6,693 | |
Econocom Group SA | 2,021 | 4,745 | |
Fagron NV | 406 | 7,903 | |
TOTAL BELGIUM | 19,341 | ||
Finland - 0.7% | |||
Huhtamaki Oyj | 173 | 6,639 | |
Kemira Oyj | 100 | 2,179 | |
TOTAL FINLAND | 8,818 | ||
France - 6.5% | |||
Altarea SCA | 44 | 3,808 | |
ALTEN | 56 | 6,616 | |
Elis SA | 300 | 6,762 | |
Euroapi SASU (a) | 363 | 1,144 | |
Exclusive Networks SA (a) | 374 | 7,983 | |
Ipsos SA | 117 | 7,854 | |
Nexans SA | 35 | 3,750 | |
Rexel SA | 413 | 10,768 | |
SEB SA | 50 | 5,934 | |
Ubisoft Entertainment SA (a) | 200 | 4,732 | |
Vallourec SA (a) | 514 | 8,922 | |
Vicat SA | 127 | 4,696 | |
Virbac SA | 23 | 8,517 | |
TOTAL FRANCE | 81,486 | ||
Germany - 5.1% | |||
Bilfinger Berger AG | 151 | 7,042 | |
CTS Eventim AG | 108 | 9,589 | |
Gerresheimer AG | 65 | 7,006 | |
Lanxess AG | 140 | 3,964 | |
Mensch und Maschine Software SE | 82 | 4,848 | |
Patrizia Immobilien AG | 474 | 4,199 | |
PVA TePla AG (a) | 189 | 3,766 | |
SAF-Holland SA | 523 | 10,091 | |
Stabilus Se | 136 | 8,447 | |
Takkt AG | 400 | 5,567 | |
TOTAL GERMANY | 64,519 | ||
Hong Kong - 2.4% | |||
ASMPT Ltd. | 569 | 7,071 | |
Dah Sing Financial Holdings Ltd. | 1,207 | 3,381 | |
Fortune (REIT) | 4,496 | 2,209 | |
Hong Kong Resources Holdings Co. Ltd. (a)(c) | 97 | 12 | |
Hysan Development Co. Ltd. | 2,024 | 3,155 | |
Luk Fook Holdings International Ltd. | 2,386 | 5,720 | |
Melco International Development Ltd. (a) | 3,000 | 2,254 | |
Pacific Basin Shipping Ltd. | 18,000 | 6,233 | |
TOTAL HONG KONG | 30,035 | ||
Ireland - 1.7% | |||
Bank of Ireland Group PLC | 675 | 7,236 | |
C&C Group PLC (United Kingdom) | 3,568 | 7,347 | |
Dalata Hotel Group PLC | 1,460 | 6,575 | |
TOTAL IRELAND | 21,158 | ||
Israel - 2.0% | |||
Bezeq The Israel Telecommunication Corp. Ltd. | 4,730 | 5,876 | |
Nova Ltd. (a) | 80 | 13,835 | |
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. | 103 | 5,872 | |
TOTAL ISRAEL | 25,583 | ||
Italy - 2.5% | |||
Banca Generali SpA | 257 | 10,099 | |
Banco BPM SpA | 1,200 | 7,919 | |
Brembo N.V. | 474 | 6,056 | |
Carel Industries SpA (b) | 144 | 2,923 | |
GVS SpA (a)(b) | 739 | 4,322 | |
TOTAL ITALY | 31,319 | ||
Japan - 34.3% | |||
Aeon Delight Co. Ltd. | 230 | 5,440 | |
Anritsu Corp. | 491 | 3,743 | |
As One Corp. | 300 | 4,943 | |
ASKUL Corp. | 541 | 8,170 | |
Azbil Corp. | 196 | 5,474 | |
BayCurrent Consulting, Inc. | 200 | 4,257 | |
Cosmos Pharmaceutical Corp. | 61 | 5,612 | |
Daido Steel Co. Ltd. | 750 | 8,270 | |
Daiichikosho Co. Ltd. | 506 | 5,906 | |
Daiwa Securities Living Invest | 8 | 5,432 | |
Dexerials Corp. | 170 | 6,368 | |
Dowa Holdings Co. Ltd. | 182 | 6,815 | |
FP Corp. | 291 | 4,682 | |
Fujitec Co. Ltd. | 230 | 5,673 | |
Fukushima Galilei Co. Ltd. | 180 | 7,197 | |
Funai Soken Holdings, Inc. | 330 | 4,993 | |
Fuyo General Lease Co. Ltd. | 110 | 9,434 | |
Haseko Corp. | 668 | 8,070 | |
Hosokawa Micron Corp. | 160 | 4,472 | |
Inaba Denki Sangyo Co. Ltd. | 400 | 9,332 | |
J. Front Retailing Co. Ltd. | 392 | 3,414 | |
JTOWER, Inc. (a) | 135 | 2,757 | |
Kamigumi Co. Ltd. | 398 | 8,595 | |
Kaneka Corp. | 248 | 6,424 | |
Kawasaki Heavy Industries Ltd. | 250 | 7,740 | |
Kissei Pharmaceutical Co. Ltd. | 235 | 5,385 | |
Koshidaka Holdings Co. Ltd. | 950 | 5,197 | |
Kyoritsu Maintenance Co. Ltd. | 346 | 7,379 | |
Kyoto Financial Group, Inc. | 576 | 10,252 | |
Kyushu Railway Co. | 310 | 6,670 | |
Maruwa Ceramic Co. Ltd. | 42 | 8,851 | |
Milbon Co. Ltd. | 162 | 3,184 | |
Mitsubishi Logisnext Co. Ltd. | 900 | 8,876 | |
Miura Co. Ltd. | 250 | 3,933 | |
Money Forward, Inc. (a) | 100 | 3,482 | |
Morinaga & Co. Ltd. | 444 | 7,175 | |
Nabtesco Corp. | 291 | 4,799 | |
Nagaileben Co. Ltd. | 290 | 4,326 | |
Net One Systems Co. Ltd. | 138 | 2,309 | |
Nikkiso Co. Ltd. | 978 | 7,811 | |
Nippon Gas Co. Ltd. | 413 | 6,736 | |
Okinawa Cellular Telephone Co. | 299 | 6,425 | |
PALTAC Corp. | 222 | 6,719 | |
Park24 Co. Ltd. (a) | 416 | 4,480 | |
Penta-Ocean Construction Co. Ltd. | 908 | 4,557 | |
Relo Group, Inc. | 388 | 3,373 | |
Resonac Holdings Corp. | 325 | 7,047 | |
Riken Keiki Co. Ltd. | 240 | 5,872 | |
Rinnai Corp. | 260 | 5,634 | |
Roland Corp. | 186 | 5,056 | |
Santen Pharmaceutical Co. Ltd. | 800 | 7,727 | |
Sanwa Holdings Corp. | 568 | 9,276 | |
Shoei Co. Ltd. | 380 | 4,868 | |
SOSiLA Logistics REIT, Inc. | 6 | 4,724 | |
Stanley Electric Co. Ltd. | 358 | 6,336 | |
Sumco Corp. | 459 | 6,845 | |
Suruga Bank Ltd. | 1,788 | 10,905 | |
SWCC Showa Holdings Co. Ltd. | 350 | 9,228 | |
Taiyo Yuden Co. Ltd. | 150 | 3,513 | |
Tokyo Tatemono Co. Ltd. | 433 | 7,205 | |
Toyo Gosei Co. Ltd. | 110 | 5,644 | |
Toyo Suisan Kaisha Ltd. | 195 | 12,194 | |
Tsumura & Co. | 219 | 5,277 | |
Tsuruha Holdings, Inc. | 69 | 4,356 | |
Valqua Ltd. | 348 | 9,727 | |
Workman Co. Ltd. | 183 | 4,496 | |
Yokogawa Electric Corp. | 298 | 6,585 | |
Zenkoku Hosho Co. Ltd. | 170 | 5,969 | |
Zuken, Inc. | 290 | 7,578 | |
TOTAL JAPAN | 431,194 | ||
Netherlands - 1.3% | |||
Eurocommercial Properties NV | 342 | 7,811 | |
OCI NV | 140 | 3,780 | |
TKH Group NV (bearer) (depositary receipt) | 100 | 4,329 | |
TOTAL NETHERLANDS | 15,920 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 1,910 | 9,751 | |
Norway - 1.8% | |||
DOF Group ASA | 700 | 5,174 | |
Schibsted ASA (A Shares) | 210 | 6,008 | |
Sparebanken Midt-Norge | 500 | 6,586 | |
TGS ASA | 389 | 4,454 | |
TOTAL NORWAY | 22,222 | ||
Singapore - 1.9% | |||
CDL Hospitality Trusts unit | 7,932 | 5,645 | |
Mapletree Industrial (REIT) | 3,885 | 6,433 | |
Sembcorp Industries Ltd. | 1,793 | 7,007 | |
Wing Tai Holdings Ltd. | 4,256 | 4,576 | |
TOTAL SINGAPORE | 23,661 | ||
Spain - 2.4% | |||
Bankinter SA | 1,087 | 8,608 | |
Cie Automotive SA | 179 | 4,757 | |
Compania de Distribucion Integral Logista Holdings SA | 317 | 8,647 | |
Fluidra SA | 360 | 7,645 | |
TOTAL SPAIN | 29,657 | ||
Sweden - 5.9% | |||
AAK AB | 410 | 10,588 | |
AddTech AB (B Shares) | 391 | 8,260 | |
Arjo AB | 1,090 | 4,621 | |
Avanza Bank Holding AB | 310 | 6,712 | |
Granges AB | 500 | 5,939 | |
Hemnet Group AB | 308 | 8,077 | |
HEXPOL AB (B Shares) | 715 | 8,175 | |
JM AB (B Shares) | 300 | 5,156 | |
Loomis AB (B Shares) | 210 | 5,412 | |
Munters Group AB (b) | 555 | 11,231 | |
TOTAL SWEDEN | 74,171 | ||
Switzerland - 3.2% | |||
Bucher Industries AG | 16 | 6,179 | |
Lastminute.com NV (a) | 155 | 3,566 | |
OC Oerlikon Corp. AG (Reg.) | 793 | 3,444 | |
PSP Swiss Property AG | 57 | 7,063 | |
Sensirion Holding AG (a)(b) | 25 | 1,651 | |
Tecan Group AG | 18 | 6,403 | |
VZ Holding AG | 109 | 12,593 | |
TOTAL SWITZERLAND | 40,899 | ||
United Kingdom - 14.2% | |||
B&M European Value Retail SA | 1,466 | 9,507 | |
Britvic PLC | 699 | 7,726 | |
DCC PLC (United Kingdom) | 110 | 7,539 | |
Grainger Trust PLC | 2,272 | 7,282 | |
Harbour Energy PLC | 1,109 | 4,003 | |
Hill & Smith Holdings PLC | 344 | 8,124 | |
Inchcape PLC | 773 | 7,727 | |
Indivior PLC (a) | 290 | 5,225 | |
J.D. Wetherspoon PLC (a) | 807 | 7,306 | |
Jet2 PLC | 516 | 9,259 | |
John Wood Group PLC (a) | 2,800 | 5,192 | |
Lancashire Holdings Ltd. | 1,723 | 13,133 | |
Mitie Group PLC | 7,896 | 11,544 | |
Pets At Home Group PLC | 1,177 | 4,297 | |
Renewi PLC (a) | 532 | 3,743 | |
Sabre Insurance Group PLC (b) | 5,571 | 11,194 | |
Savills PLC | 600 | 8,112 | |
Senior Engineering Group PLC | 3,931 | 8,085 | |
Spectris PLC | 189 | 7,864 | |
Tate & Lyle PLC | 651 | 5,361 | |
Unite Group PLC | 623 | 7,224 | |
Vistry Group PLC | 864 | 12,934 | |
WH Smith PLC | 401 | 5,497 | |
TOTAL UNITED KINGDOM | 177,878 | ||
TOTAL COMMON STOCKS (Cost $1,050,998) | 1,226,062 | ||
Nonconvertible Preferred Stocks - 0.6% | |||
Shares | Value ($) | ||
Germany - 0.6% | |||
Jungheinrich AG (Cost $5,082) | 201 | 7,482 | |
TOTAL INVESTMENT IN SECURITIES - 98.2% (Cost $1,056,080) | 1,233,544 |
NET OTHER ASSETS (LIABILITIES) - 1.8% | 22,541 |
NET ASSETS - 100.0% | 1,256,085 |
(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 $39,067 or 3.1% of net assets. |
(c) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 66,309 | 42,136 | 24,173 | - |
Consumer Discretionary | 176,886 | 89,403 | 87,483 | - |
Consumer Staples | 75,689 | 36,894 | 38,795 | - |
Energy | 39,128 | 32,964 | 6,164 | - |
Financials | 146,722 | 91,826 | 54,896 | - |
Health Care | 74,363 | 40,819 | 33,544 | - |
Industrials | 299,226 | 161,881 | 137,345 | - |
Information Technology | 123,436 | 53,690 | 69,746 | - |
Materials | 113,515 | 53,094 | 60,421 | - |
Real Estate | 94,776 | 45,499 | 49,277 | - |
Utilities | 23,494 | - | 23,494 | - |
Total Investments in Securities: | 1,233,544 | 648,206 | 585,338 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule Unaffiliated issuers (cost $1,056,080): | $ | 1,233,544 | ||
Cash | 12,956 | |||
Foreign currency held at value (cost $1,320) | 1,314 | |||
Receivable for investments sold | 4,433 | |||
Dividends receivable | 6,296 | |||
Receivable from investment adviser for expense reductions | 17 | |||
Total assets | 1,258,560 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 1,863 | ||
Delayed delivery | 10 | |||
Custody fee payable | 602 | |||
Total liabilities | 2,475 | |||
Net Assets | $ | 1,256,085 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,071,405 | ||
Total accumulated earnings (loss) | 184,680 | |||
Net Assets | $ | 1,256,085 | ||
Net Asset Value, offering price and redemption price per share ($1,256,085 ÷ 106,383 shares) | $ | 11.81 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 19,054 | ||
Income before foreign taxes withheld | $ | 19,054 | ||
Less foreign taxes withheld | (1,585) | |||
Total income | 17,469 | |||
Expenses | ||||
Custodian fees and expenses | $ | 1,045 | ||
Independent trustees' fees and expenses | 3 | |||
Total expenses before reductions | 1,048 | |||
Expense reductions | (965) | |||
Total expenses after reductions | 83 | |||
Net Investment income (loss) | 17,386 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 830 | |||
Foreign currency transactions | (39) | |||
Total net realized gain (loss) | 791 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 157,640 | |||
Assets and liabilities in foreign currencies | (129) | |||
Total change in net unrealized appreciation (depreciation) | 157,511 | |||
Net gain (loss) | 158,302 | |||
Net increase (decrease) in net assets resulting from operations | $ | 175,688 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | For the period November 4, 2022 (commencement of operations) through October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 17,386 | $ | 30,656 |
Net realized gain (loss) | 791 | 29,962 | ||
Change in net unrealized appreciation (depreciation) | 157,511 | 19,779 | ||
Net increase (decrease) in net assets resulting from operations | 175,688 | 80,397 | ||
Distributions to shareholders | (68,011) | (3,400) | ||
Share transactions | ||||
Proceeds from sales of shares | - | 1,000,000 | ||
Reinvestment of distributions | 68,011 | 3,400 | ||
Net increase (decrease) in net assets resulting from share transactions | 68,011 | 1,003,400 | ||
Total increase (decrease) in net assets | 175,688 | 1,080,397 | ||
Net Assets | ||||
Beginning of period | 1,080,397 | - | ||
End of period | $ | 1,256,085 | $ | 1,080,397 |
Other Information | ||||
Shares | ||||
Sold | - | 100,000 | ||
Issued in reinvestment of distributions | 6,072 | 311 | ||
Net increase (decrease) | 6,072 | 100,311 | ||
Fidelity® Series Select International Small Cap Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 A | |||
Selected Per-Share Data | ||||
Net asset value, beginning of period | $ | 10.77 | $ | 10.00 |
Income from Investment Operations | ||||
Net investment income (loss) B,C | .17 | .31 | ||
Net realized and unrealized gain (loss) | 1.55 | .49 | ||
Total from investment operations | 1.72 | .80 | ||
Distributions from net investment income | (.43) | (.03) | ||
Distributions from net realized gain | (.25) | - | ||
Total distributions | (.68) | (.03) | ||
Net asset value, end of period | $ | 11.81 | $ | 10.77 |
Total Return D,E | 16.29 % | 8.03% | ||
Ratios to Average Net Assets C,F,G | ||||
Expenses before reductions | .17% H | .23% H | ||
Expenses net of fee waivers, if any | .01 % H | .01% H | ||
Expenses net of all reductions | .01% H | .01% H | ||
Net investment income (loss) | 2.82% H | 2.69% H | ||
Supplemental Data | ||||
Net assets, end of period (000 omitted) | $ | 1,256 | $ | 1,080 |
Portfolio turnover rate I | 9 % H | 23% H |
Gross unrealized appreciation | $234,097 |
Gross unrealized depreciation | (63,457) |
Net unrealized appreciation (depreciation) | $170,640 |
Tax cost | $1,062,904 |
Purchases ($) | Sales ($) | |
Fidelity Series Select International Small Cap Fund | 82,024 | 55,493 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Series Select International Small Cap Fund | 777 | 801 | 400 |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Series Select International Small Cap Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,162.90 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
iShares MSCI EAFE Small-Cap ETF (United States of America, Multi Sector) | 4.8 | |
Lagercrantz Group AB (B Shares) (Sweden, Electronic Equipment, Instruments & Components) | 4.5 | |
AddTech AB (B Shares) (Sweden, Trading Companies & Distributors) | 4.0 | |
CTS Eventim AG (Germany, Entertainment) | 3.8 | |
Spectris PLC (United Kingdom, Electronic Equipment, Instruments & Components) | 3.7 | |
Aalberts Industries NV (Netherlands, Machinery) | 3.1 | |
Azbil Corp. (Japan, Electronic Equipment, Instruments & Components) | 3.0 | |
Interpump Group SpA (Italy, Machinery) | 2.4 | |
Kongsberg Gruppen ASA (Norway, Aerospace & Defense) | 2.0 | |
Morningstar, Inc. (United States of America, Capital Markets) | 2.0 | |
33.3 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 31.7 | |
Information Technology | 22.1 | |
Consumer Discretionary | 9.0 | |
Communication Services | 7.7 | |
Health Care | 6.6 | |
Financials | 5.1 | |
Consumer Staples | 3.3 | |
Materials | 3.3 | |
Real Estate | 2.2 | |
Energy | 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 - 92.4% | |||
Shares | Value ($) | ||
Australia - 1.6% | |||
Imdex Ltd. | 5,802,643 | 7,781,823 | |
Steadfast Group Ltd. | 2,996,460 | 10,905,381 | |
TOTAL AUSTRALIA | 18,687,204 | ||
Belgium - 2.0% | |||
Azelis Group NV | 395,200 | 9,548,588 | |
KBC Ancora | 308,289 | 14,920,423 | |
TOTAL BELGIUM | 24,469,011 | ||
Canada - 4.1% | |||
CAE, Inc. (a) | 490,600 | 9,465,250 | |
McCoy Global, Inc. (b) | 630,215 | 878,955 | |
Osisko Gold Royalties Ltd. | 602,100 | 9,250,292 | |
Pason Systems, Inc. | 882,900 | 10,036,963 | |
Richelieu Hardware Ltd. (b) | 672,872 | 18,988,906 | |
TOTAL CANADA | 48,620,366 | ||
China - 0.4% | |||
Chlitina Holding Ltd. | 872,500 | 5,018,606 | |
Chlitina Holding Ltd. rights 5/13/24 (a) | 26,342 | 25,841 | |
TOTAL CHINA | 5,044,447 | ||
Denmark - 0.6% | |||
Spar Nord Bank A/S | 426,153 | 7,560,986 | |
Egypt - 0.1% | |||
Integrated Diagnostics Holdings PLC (a)(c) | 5,696,716 | 1,748,892 | |
France - 3.1% | |||
Laurent-Perrier Group SA | 35,632 | 4,639,229 | |
Lectra | 434,742 | 14,846,613 | |
LISI | 198,010 | 5,198,380 | |
Vetoquinol SA | 121,442 | 12,221,554 | |
TOTAL FRANCE | 36,905,776 | ||
Germany - 8.2% | |||
CTS Eventim AG | 513,054 | 45,554,598 | |
Nexus AG | 291,358 | 16,075,456 | |
Rheinmetall AG | 36,000 | 19,870,410 | |
Scout24 AG (c) | 138,700 | 10,228,226 | |
Stabilus Se | 97,336 | 6,045,640 | |
TOTAL GERMANY | 97,774,330 | ||
Greece - 0.2% | |||
Athens International Airport SA | 318,700 | 2,826,369 | |
Ireland - 1.9% | |||
AerCap Holdings NV (a) | 151,200 | 12,774,888 | |
Cairn Homes PLC | 3,035,691 | 5,143,644 | |
Irish Residential Properties REIT PLC | 4,304,557 | 4,552,479 | |
TOTAL IRELAND | 22,471,011 | ||
Israel - 1.8% | |||
Ituran Location & Control Ltd. | 362,877 | 9,318,681 | |
NICE Ltd. sponsored ADR (a) | 33,758 | 7,545,251 | |
Tel Aviv Stock Exchange Ltd. | 674,096 | 4,466,169 | |
TOTAL ISRAEL | 21,330,101 | ||
Italy - 2.4% | |||
Interpump Group SpA | 646,943 | 28,362,354 | |
Japan - 26.2% | |||
Ai Holdings Corp. | 172,500 | 2,653,151 | |
Artnature, Inc. | 531,000 | 2,554,970 | |
Aucnet, Inc. (b) | 281,977 | 4,640,810 | |
Azbil Corp. | 1,283,092 | 35,836,761 | |
Broadleaf Co. Ltd. | 2,472,298 | 9,006,156 | |
Central Automotive Products Ltd. | 156,500 | 5,728,696 | |
Curves Holdings Co. Ltd. | 2,483,426 | 11,663,787 | |
Daiichikosho Co. Ltd. | 538,100 | 6,280,921 | |
Daikokutenbussan Co. Ltd. | 74,100 | 3,788,776 | |
Digital Hearts Holdings Co. Ltd. | 547,814 | 3,335,614 | |
Elan Corp. | 815,100 | 4,679,152 | |
Fujitec Co. Ltd. | 417,300 | 10,292,104 | |
Funai Soken Holdings, Inc. | 258,750 | 3,914,672 | |
Goldcrest Co. Ltd. | 610,730 | 9,844,518 | |
Iwatsuka Confectionary Co. Ltd. | 37,800 | 624,110 | |
Koshidaka Holdings Co. Ltd. | 1,940,216 | 10,614,342 | |
Kusuri No Aoki Holdings Co. Ltd. | 258,500 | 4,819,569 | |
Lasertec Corp. | 82,844 | 17,869,901 | |
Medikit Co. Ltd. | 245,400 | 4,386,974 | |
Miroku Jyoho Service Co., Ltd. (b) | 261,700 | 2,814,988 | |
Misumi Group, Inc. | 289,068 | 4,699,627 | |
Mitsuboshi Belting Ltd. | 87,580 | 2,686,139 | |
Nagaileben Co. Ltd. | 720,427 | 10,747,108 | |
Nihon Parkerizing Co. Ltd. | 1,593,878 | 12,257,109 | |
NS Tool Co. Ltd. | 608,900 | 3,562,209 | |
NSD Co. Ltd. | 558,849 | 10,923,252 | |
OBIC Co. Ltd. | 124,400 | 15,981,238 | |
OSG Corp. | 536,900 | 6,924,025 | |
Paramount Bed Holdings Co. Ltd. | 238,520 | 4,064,027 | |
ProNexus, Inc. | 484,100 | 3,523,104 | |
San-Ai Obbli Co. Ltd. | 434,600 | 5,701,400 | |
SHO-BOND Holdings Co. Ltd. | 502,100 | 19,389,544 | |
Shoei Co. Ltd. | 201,604 | 2,582,910 | |
SK Kaken Co. Ltd. | 200,400 | 10,092,187 | |
Software Service, Inc. | 67,600 | 5,786,386 | |
Techno Medica Co. Ltd. | 80,791 | 892,238 | |
The Monogatari Corp. | 333,800 | 9,018,688 | |
TIS, Inc. | 264,700 | 5,653,086 | |
Tocalo Co. Ltd. | 545,376 | 6,284,422 | |
USS Co. Ltd. | 1,029,380 | 7,863,737 | |
YAKUODO Holdings Co. Ltd. | 350,000 | 6,358,244 | |
YONEX Co. Ltd. | 406,000 | 3,237,620 | |
TOTAL JAPAN | 313,578,272 | ||
Korea (South) - 0.5% | |||
BGF Retail Co. Ltd. | 64,256 | 6,040,823 | |
HD Hyundai Marine Solution Co. Ltd. (d) | 3,000 | 180,522 | |
TOTAL KOREA (SOUTH) | 6,221,345 | ||
Netherlands - 6.0% | |||
Aalberts Industries NV | 762,980 | 36,576,212 | |
BE Semiconductor Industries NV | 125,000 | 16,741,700 | |
IMCD NV | 121,988 | 18,518,901 | |
TOTAL NETHERLANDS | 71,836,813 | ||
Norway - 2.3% | |||
Kongsberg Gruppen ASA | 344,981 | 24,409,692 | |
Medistim ASA | 185,242 | 3,026,639 | |
TOTAL NORWAY | 27,436,331 | ||
Spain - 0.3% | |||
Fluidra SA | 144,201 | 3,062,437 | |
Sweden - 13.6% | |||
Addlife AB | 542,135 | 5,047,281 | |
AddTech AB (B Shares) | 2,251,556 | 47,562,905 | |
Autoliv, Inc. | 152,000 | 18,208,080 | |
Bergman & Beving AB (B Shares) | 417,154 | 8,460,121 | |
Hemnet Group AB | 565,600 | 14,832,347 | |
INVISIO AB | 427,023 | 9,435,238 | |
John Mattson Fastighetsforetagen AB (a) | 942,052 | 4,752,830 | |
Lagercrantz Group AB (B Shares) | 3,606,312 | 53,634,581 | |
Teqnion AB (a) | 48,839 | 892,986 | |
TOTAL SWEDEN | 162,826,369 | ||
Switzerland - 0.9% | |||
Tecan Group AG (b) | 31,550 | 11,223,117 | |
Taiwan - 0.7% | |||
Addcn Technology Co. Ltd. | 1,295,535 | 7,964,719 | |
United Kingdom - 12.9% | |||
Bodycote PLC | 2,259,726 | 19,652,539 | |
Clarkson PLC | 180,153 | 8,745,531 | |
DP Poland PLC (a) | 18,541,591 | 2,548,551 | |
Games Workshop Group PLC | 55,000 | 6,810,672 | |
Howden Joinery Group PLC | 1,969,700 | 21,560,451 | |
InterContinental Hotel Group PLC ADR | 178,000 | 17,506,300 | |
Oxford Instruments PLC | 258,100 | 7,288,700 | |
Rightmove PLC | 1,163,693 | 7,488,577 | |
Sage Group PLC | 418,700 | 6,100,356 | |
Spectris PLC | 1,055,278 | 43,910,134 | |
Spirax-Sarco Engineering PLC | 44,691 | 4,939,370 | |
Unite Group PLC | 602,900 | 6,991,122 | |
TOTAL UNITED KINGDOM | 153,542,303 | ||
United States of America - 2.6% | |||
Morningstar, Inc. | 82,821 | 23,409,356 | |
PriceSmart, Inc. | 91,060 | 7,338,525 | |
TOTAL UNITED STATES OF AMERICA | 30,747,881 | ||
TOTAL COMMON STOCKS (Cost $801,317,537) | 1,104,240,434 | ||
Investment Companies - 4.8% | |||
Shares | Value ($) | ||
United States of America - 4.8% | |||
iShares MSCI EAFE Small-Cap ETF (b) (Cost $58,444,474) | 930,000 | 56,888,098 | |
Money Market Funds - 3.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) | 24,295,620 | 24,300,479 | |
Fidelity Securities Lending Cash Central Fund 5.39% (e)(f) | 15,495,079 | 15,496,628 | |
TOTAL MONEY MARKET FUNDS (Cost $39,797,107) | 39,797,107 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $899,559,118) | 1,200,925,639 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (6,304,268) |
NET ASSETS - 100.0% | 1,194,621,371 |
ETF | - | EXCHANGE-TRADED FUND |
(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 $11,977,118 or 1.0% of net assets. |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(f) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 47,754,532 | 138,078,726 | 161,532,277 | 861,549 | (502) | - | 24,300,479 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 4,475,514 | 143,153,942 | 132,132,828 | 31,554 | - | - | 15,496,628 | 0.1% |
Total | 52,230,046 | 281,232,668 | 293,665,105 | 893,103 | (502) | - | 39,797,107 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 92,349,388 | 78,103,748 | 14,245,640 | - |
Consumer Discretionary | 105,567,837 | 50,217,247 | 55,350,590 | - |
Consumer Staples | 41,208,693 | 11,977,754 | 29,230,939 | - |
Energy | 16,617,318 | 10,915,918 | 5,701,400 | - |
Financials | 61,262,315 | 50,356,934 | 10,905,381 | - |
Health Care | 79,898,824 | 49,342,939 | 30,555,885 | - |
Industrials | 378,353,536 | 316,897,168 | 61,456,368 | - |
Information Technology | 263,460,163 | 159,386,016 | 104,074,147 | - |
Materials | 39,381,411 | 9,250,292 | 30,131,119 | - |
Real Estate | 26,140,949 | 16,296,431 | 9,844,518 | - |
Investment Companies | 56,888,098 | 56,888,098 | - | - |
Money Market Funds | 39,797,107 | 39,797,107 | - | - |
Total Investments in Securities: | 1,200,925,639 | 849,429,652 | 351,495,987 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $14,773,081) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $859,762,011) | $ | 1,161,128,532 | ||
Fidelity Central Funds (cost $39,797,107) | 39,797,107 | |||
Total Investment in Securities (cost $899,559,118) | $ | 1,200,925,639 | ||
Foreign currency held at value (cost $284,548) | 282,702 | |||
Receivable for investments sold | 315,045 | |||
Receivable for fund shares sold | 6,067,974 | |||
Dividends receivable | 4,880,824 | |||
Reclaims receivable | 1,580,838 | |||
Distributions receivable from Fidelity Central Funds | 69,634 | |||
Prepaid expenses | 378 | |||
Other receivables | 2,920 | |||
Total assets | 1,214,125,954 | |||
Liabilities | ||||
Payable for investments purchased | ||||
Regular delivery | $ | 1,602,626 | ||
Delayed delivery | 182,327 | |||
Payable for fund shares redeemed | 1,193,368 | |||
Accrued management fee | 949,710 | |||
Distribution and service plan fees payable | 12,755 | |||
Other payables and accrued expenses | 63,559 | |||
Collateral on securities loaned | 15,500,238 | |||
Total liabilities | 19,504,583 | |||
Net Assets | $ | 1,194,621,371 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 873,103,160 | ||
Total accumulated earnings (loss) | 321,518,211 | |||
Net Assets | $ | 1,194,621,371 | ||
Net Asset Value and Maximum Offering Price | ||||
Class A : | ||||
Net Asset Value and redemption price per share ($31,190,533 ÷ 1,624,521 shares)(a) | $ | 19.20 | ||
Maximum offering price per share (100/94.25 of $19.20) | $ | 20.37 | ||
Class M : | ||||
Net Asset Value and redemption price per share ($10,459,574 ÷ 554,458 shares)(a) | $ | 18.86 | ||
Maximum offering price per share (100/96.50 of $18.86) | $ | 19.54 | ||
Class C : | ||||
Net Asset Value and offering price per share ($1,897,850 ÷ 105,800 shares)(a) | $ | 17.94 | ||
International Small Cap Opportunities : | ||||
Net Asset Value, offering price and redemption price per share ($613,014,801 ÷ 31,275,888 shares) | $ | 19.60 | ||
Class I : | ||||
Net Asset Value, offering price and redemption price per share ($253,767,447 ÷ 12,972,761 shares) | $ | 19.56 | ||
Class Z : | ||||
Net Asset Value, offering price and redemption price per share ($284,291,166 ÷ 14,556,710 shares) | $ | 19.53 | ||
(a)Redemption price per share is equal to net asset value less any applicable contingent deferred sales charge. |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 9,452,815 | ||
Income from Fidelity Central Funds (including $31,554 from security lending) | 893,103 | |||
Income before foreign taxes withheld | $ | 10,345,918 | ||
Less foreign taxes withheld | (911,107) | |||
Total income | 9,434,811 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 4,885,803 | ||
Performance adjustment | 257,099 | |||
Transfer agent fees | 504,690 | |||
Distribution and service plan fees | 76,439 | |||
Accounting fees | 164,736 | |||
Custodian fees and expenses | 42,937 | |||
Independent trustees' fees and expenses | 2,785 | |||
Registration fees | 44,068 | |||
Audit | 49,669 | |||
Legal | 1,723 | |||
Miscellaneous | 2,169 | |||
Total expenses before reductions | 6,032,118 | |||
Expense reductions | (51,138) | |||
Total expenses after reductions | 5,980,980 | |||
Net Investment income (loss) | 3,453,831 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $6,431) | 22,301,112 | |||
Fidelity Central Funds | (502) | |||
Foreign currency transactions | (93,107) | |||
Total net realized gain (loss) | 22,207,503 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $22,519) | 158,348,001 | |||
Assets and liabilities in foreign currencies | (37,637) | |||
Total change in net unrealized appreciation (depreciation) | 158,310,364 | |||
Net gain (loss) | 180,517,867 | |||
Net increase (decrease) in net assets resulting from operations | $ | 183,971,698 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,453,831 | $ | 9,421,923 |
Net realized gain (loss) | 22,207,503 | 34,601,449 | ||
Change in net unrealized appreciation (depreciation) | 158,310,364 | 6,132,385 | ||
Net increase (decrease) in net assets resulting from operations | 183,971,698 | 50,155,757 | ||
Distributions to shareholders | (42,624,195) | (64,708,392) | ||
Share transactions - net increase (decrease) | 78,394,146 | (52,713,432) | ||
Total increase (decrease) in net assets | 219,741,649 | (67,266,067) | ||
Net Assets | ||||
Beginning of period | 974,879,722 | 1,042,145,789 | ||
End of period | $ | 1,194,621,371 | $ | 974,879,722 |
Fidelity Advisor® International Small Cap Opportunities Fund Class A |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.75 | $ | 17.17 | $ | 28.35 | $ | 20.86 | $ | 19.02 | $ | 17.33 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .03 | .10 | .06 | (.06) | (.04) | .11 | ||||||
Net realized and unrealized gain (loss) | 3.10 | .61 | (8.93) | 7.55 | 2.05 | 2.01 | ||||||
Total from investment operations | 3.13 | .71 | (8.87) | 7.49 | 2.01 | 2.12 | ||||||
Distributions from net investment income | (.12) | - | - | - | (.11) | (.11) | ||||||
Distributions from net realized gain | (.56) | (1.13) | (2.31) | - | (.05) | (.31) | ||||||
Total distributions | (.68) | (1.13) | (2.31) | - | (.17) C | (.43) C | ||||||
Net asset value, end of period | $ | 19.20 | $ | 16.75 | $ | 17.17 | $ | 28.35 | $ | 20.86 | $ | 19.02 |
Total Return D,E,F | 18.88 % | 3.74% | (33.79)% | 35.91% | 10.58% | 12.61% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.35% I | 1.31% | 1.49% | 1.50% | 1.57% | 1.49% | ||||||
Expenses net of fee waivers, if any | 1.34 % I | 1.31% | 1.48% | 1.50% | 1.57% | 1.49% | ||||||
Expenses net of all reductions | 1.34% I | 1.31% | 1.48% | 1.50% | 1.56% | 1.48% | ||||||
Net investment income (loss) | .30% I | .56% | .30% | (.25)% | (.20)% | .64% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 31,191 | $ | 26,559 | $ | 26,380 | $ | 45,981 | $ | 37,771 | $ | 41,679 |
Portfolio turnover rate J | 32 % I | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class M |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 16.43 | $ | 16.91 | $ | 28.02 | $ | 20.67 | $ | 18.85 | $ | 17.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .01 | .06 | .01 | (.13) | (.09) | .06 | ||||||
Net realized and unrealized gain (loss) | 3.04 | .59 | (8.81) | 7.48 | 2.03 | 1.99 | ||||||
Total from investment operations | 3.05 | .65 | (8.80) | 7.35 | 1.94 | 2.05 | ||||||
Distributions from net investment income | (.06) | - | - | - | (.06) | (.06) | ||||||
Distributions from net realized gain | (.56) | (1.13) | (2.31) | - | (.05) | (.31) | ||||||
Total distributions | (.62) | (1.13) | (2.31) | - | (.12) C | (.37) | ||||||
Net asset value, end of period | $ | 18.86 | $ | 16.43 | $ | 16.91 | $ | 28.02 | $ | 20.67 | $ | 18.85 |
Total Return D,E,F | 18.75 % | 3.43% | (33.95)% | 35.56% | 10.29% | 12.29% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.59% I | 1.57% | 1.74% | 1.75% | 1.84% | 1.77% | ||||||
Expenses net of fee waivers, if any | 1.58 % I | 1.56% | 1.74% | 1.75% | 1.84% | 1.77% | ||||||
Expenses net of all reductions | 1.58% I | 1.56% | 1.74% | 1.75% | 1.83% | 1.77% | ||||||
Net investment income (loss) | .06% I | .31% | .05% | (.50)% | (.47)% | .36% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 10,460 | $ | 9,589 | $ | 10,115 | $ | 16,378 | $ | 13,141 | $ | 13,875 |
Portfolio turnover rate J | 32 % I | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class C |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 15.64 | $ | 16.22 | $ | 27.10 | $ | 20.09 | $ | 18.31 | $ | 16.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | (.04) | (.04) | (.09) | (.25) | (.18) | (.02) | ||||||
Net realized and unrealized gain (loss) | 2.90 | .59 | (8.48) | 7.26 | 1.96 | 1.93 | ||||||
Total from investment operations | 2.86 | .55 | (8.57) | 7.01 | 1.78 | 1.91 | ||||||
Distributions from net realized gain | (.56) | (1.13) | (2.31) | - | - | (.29) | ||||||
Total distributions | (.56) | (1.13) | (2.31) | - | - | (.29) | ||||||
Net asset value, end of period | $ | 17.94 | $ | 15.64 | $ | 16.22 | $ | 27.10 | $ | 20.09 | $ | 18.31 |
Total Return C,D,E | 18.44 % | 2.93% | (34.28)% | 34.89% | 9.72% | 11.74% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 2.08% H | 2.10% | 2.26% | 2.26% | 2.33% | 2.27% | ||||||
Expenses net of fee waivers, if any | 2.07 % H | 2.10% | 2.25% | 2.26% | 2.33% | 2.26% | ||||||
Expenses net of all reductions | 2.07% H | 2.10% | 2.25% | 2.26% | 2.33% | 2.26% | ||||||
Net investment income (loss) | (.43)% H | (.23)% | (.47)% | (1.01)% | (.96)% | (.13)% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,898 | $ | 2,036 | $ | 3,314 | $ | 6,770 | $ | 7,253 | $ | 9,424 |
Portfolio turnover rate I | 32 % H | 10% | 13% | 21% | 20% | 17% |
Fidelity® International Small Cap Opportunities Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.12 | $ | 17.47 | $ | 28.77 | $ | 21.10 | $ | 19.24 | $ | 17.53 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .06 | .16 | .13 | .01 | .02 | .17 | ||||||
Net realized and unrealized gain (loss) | 3.17 | .63 | (9.09) | 7.66 | 2.07 | 2.02 | ||||||
Total from investment operations | 3.23 | .79 | (8.96) | 7.67 | 2.09 | 2.19 | ||||||
Distributions from net investment income | (.19) | - C | (.04) | - | (.17) | (.17) | ||||||
Distributions from net realized gain | (.56) | (1.13) | (2.31) | - | (.05) | (.31) | ||||||
Total distributions | (.75) | (1.14) D | (2.34) D | - | (.23) D | (.48) | ||||||
Net asset value, end of period | $ | 19.60 | $ | 17.12 | $ | 17.47 | $ | 28.77 | $ | 21.10 | $ | 19.24 |
Total Return E,F | 19.04 % | 4.11% | (33.62)% | 36.35% | 10.90% | 12.97% | ||||||
Ratios to Average Net Assets B,G,H | ||||||||||||
Expenses before reductions | 1.03% I | 1.01% | 1.19% | 1.21% | 1.26% | 1.19% | ||||||
Expenses net of fee waivers, if any | 1.02 % I | 1.00% | 1.19% | 1.20% | 1.26% | 1.19% | ||||||
Expenses net of all reductions | 1.02% I | 1.00% | 1.19% | 1.20% | 1.25% | 1.19% | ||||||
Net investment income (loss) | .62% I | .87% | .60% | .05% | .11% | .94% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 613,015 | $ | 632,320 | $ | 700,271 | $ | 1,268,421 | $ | 1,152,472 | $ | 1,040,989 |
Portfolio turnover rate J | 32 % I | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class I |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.09 | $ | 17.46 | $ | 28.75 | $ | 21.09 | $ | 19.22 | $ | 17.51 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .15 | .13 | .01 | .02 | .17 | ||||||
Net realized and unrealized gain (loss) | 3.17 | .62 | (9.07) | 7.65 | 2.07 | 2.02 | ||||||
Total from investment operations | 3.21 | .77 | (8.94) | 7.66 | 2.09 | 2.19 | ||||||
Distributions from net investment income | (.18) | (.01) | (.04) | - | (.16) | (.16) | ||||||
Distributions from net realized gain | (.56) | (1.13) | (2.31) | - | (.05) | (.31) | ||||||
Total distributions | (.74) | (1.14) | (2.35) | - | (.22) C | (.48) C | ||||||
Net asset value, end of period | $ | 19.56 | $ | 17.09 | $ | 17.46 | $ | 28.75 | $ | 21.09 | $ | 19.22 |
Total Return D,E | 19.01 % | 4.02% | (33.60)% | 36.32% | 10.90% | 12.93% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | 1.23% H | 1.05% | 1.20% | 1.22% | 1.28% | 1.20% | ||||||
Expenses net of fee waivers, if any | 1.22 % H | 1.04% | 1.19% | 1.22% | 1.27% | 1.19% | ||||||
Expenses net of all reductions | 1.22% H | 1.04% | 1.19% | 1.22% | 1.27% | 1.19% | ||||||
Net investment income (loss) | .42% H | .83% | .59% | .04% | .09% | .93% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 253,767 | $ | 81,122 | $ | 82,705 | $ | 141,310 | $ | 113,041 | $ | 142,854 |
Portfolio turnover rate I | 32 % H | 10% | 13% | 21% | 20% | 17% |
Fidelity Advisor® International Small Cap Opportunities Fund Class Z |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 17.07 | $ | 17.44 | $ | 28.73 | $ | 21.05 | $ | 19.20 | $ | 17.51 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .07 | .18 | .15 | .04 | .05 | .19 | ||||||
Net realized and unrealized gain (loss) | 3.16 | .62 | (9.05) | 7.64 | 2.05 | 2.02 | ||||||
Total from investment operations | 3.23 | .80 | (8.90) | 7.68 | 2.10 | 2.21 | ||||||
Distributions from net investment income | (.21) | (.04) | (.08) | - | (.20) | (.20) | ||||||
Distributions from net realized gain | (.56) | (1.13) | (2.31) | - | (.05) | (.31) | ||||||
Total distributions | (.77) | (1.17) | (2.39) | - | (.25) | (.52) C | ||||||
Net asset value, end of period | $ | 19.53 | $ | 17.07 | $ | 17.44 | $ | 28.73 | $ | 21.05 | $ | 19.20 |
Total Return D,E | 19.15 % | 4.19% | (33.52)% | 36.48% | 11.03% | 13.10% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .96% H | .89% | 1.07% | 1.09% | 1.14% | 1.05% | ||||||
Expenses net of fee waivers, if any | .95 % H | .88% | 1.07% | 1.09% | 1.13% | 1.05% | ||||||
Expenses net of all reductions | .95% H | .88% | 1.07% | 1.09% | 1.13% | 1.05% | ||||||
Net investment income (loss) | .69% H | .98% | .72% | .16% | .23% | 1.08% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 284,291 | $ | 223,254 | $ | 219,360 | $ | 309,803 | $ | 82,476 | $ | 76,527 |
Portfolio turnover rate I | 32 % H | 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 | $378,374,559 |
Gross unrealized depreciation | (81,551,772) |
Net unrealized appreciation (depreciation) | $296,822,787 |
Tax cost | $904,102,852 |
Purchases ($) | Sales ($) | |
Fidelity International Small Cap Opportunities Fund | 239,811,666 | 176,244,111 |
Maximum Management Fee Rate % | |
Class A | 1.02 |
Class M | 1.02 |
Class C | 1.02 |
International Small Cap Opportunities | .99 |
Class I | 1.02 |
Class Z | .88 |
Total Management Fee Rate % | |
Class A | .96 |
Class M | .96 |
Class C | .96 |
International Small Cap Opportunities | .92 |
Class I | .95 |
Class Z | .83 |
Performance Adjustment Index | |
Fidelity International Small Cap Opportunities Fund | MSCI EAFE Small Cap Index |
Distribution Fee | Service Fee | Total Fees ($) | Retained by FDC ($) | |
Class A | - % | .25% | 38,648 | 430 |
Class M | .25% | .25% | 27,348 | 123 |
Class C | .75% | .25% | 10,443 | 616 |
76,439 | 1,169 |
Retained by FDC ($) | |
Class A | 1,280 |
Class M | 137 |
Class CA | 6 |
1,423 |
% of Class-Level Average Net Assets | |
Class A | .2000% |
Class M | .2000% |
Class C | .2000% |
International Small Cap Opportunities | .1547% |
Class I | .2000% |
Amount ($) | % of Class-Level Average Net AssetsA | |
Class A | 20,656 | .20 |
Class M | 7,396 | .20 |
Class C | 1,448 | .20 |
International Small Cap Opportunities | 371,104 | .15 |
Class I | 68,301 | .21 |
Class Z | 35,785 | .04 |
504,690 |
% of Average Net Assets | |
Fidelity International Small Cap Opportunities Fund | .0441 |
% of Average Net Assets | |
Fidelity International Small Cap Opportunities Fund | .04 |
Amount ($) | |
Fidelity International Small Cap Opportunities Fund | 171 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Small Cap Opportunities Fund | 5,483,158 | 871,178 | 26,551 |
Amount ($) | |
Fidelity International Small Cap Opportunities Fund | 1,034 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Small Cap Opportunities Fund | 3,402 | - | - |
Expense reduction ($) | |
Class M | 39 |
Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Small Cap Opportunities Fund | ||
Distributions to shareholders | ||
Class A | $1,071,393 | $1,724,252 |
Class M | 359,747 | 668,890 |
Class C | 67,234 | 228,866 |
International Small Cap Opportunities | 27,456,391 | 42,205,549 |
Class I | 3,627,918 | 5,288,952 |
Class Z | 10,041,512 | 14,591,883 |
Total | $42,624,195 | $64,708,392 |
Shares | Shares | Dollars | Dollars | |
Six months ended April 30, 2024 | Year ended October 31, 2023 | Six months ended April 30, 2024 | Year ended October 31, 2023 | |
Fidelity International Small Cap Opportunities Fund | ||||
Class A | ||||
Shares sold | 126,063 | 171,839 | $2,423,651 | $3,136,955 |
Reinvestment of distributions | 57,351 | 94,841 | 1,052,398 | 1,693,860 |
Shares redeemed | (144,657) | (217,502) | (2,761,540) | (3,984,745) |
Net increase (decrease) | 38,757 | 49,178 | $714,509 | $846,070 |
Class M | ||||
Shares sold | 5,206 | 21,269 | $97,701 | $383,026 |
Reinvestment of distributions | 19,865 | 37,879 | 358,562 | 665,150 |
Shares redeemed | (54,066) | (74,046) | (1,029,935) | (1,330,926) |
Net increase (decrease) | (28,995) | (14,898) | $(573,672) | $(282,750) |
Class C | ||||
Shares sold | 3,739 | 7,494 | $67,039 | $129,355 |
Reinvestment of distributions | 3,896 | 13,606 | 67,013 | 228,441 |
Shares redeemed | (32,015) | (95,302) | (568,923) | (1,646,239) |
Net increase (decrease) | (24,380) | (74,202) | $(434,871) | $(1,288,443) |
International Small Cap Opportunities | ||||
Shares sold | 2,148,936 | 2,233,362 | $42,433,079 | $41,954,989 |
Reinvestment of distributions | 1,228,945 | 1,900,059 | 22,993,567 | 34,581,075 |
Shares redeemed | (9,043,366) | (7,265,881) | (182,710,816) | (137,436,859) |
Net increase (decrease) | (5,665,485) | (3,132,460) | $(117,284,170) | $(60,900,795) |
Class I | ||||
Shares sold | 8,881,758 | 2,306,791 | $179,763,801 | $42,956,688 |
Reinvestment of distributions | 186,259 | 193,260 | 3,479,316 | 3,513,459 |
Shares redeemed | (842,835) | (2,490,268) | (16,681,964) | (47,134,219) |
Net increase (decrease) | 8,225,182 | 9,783 | $166,561,153 | $(664,072) |
Class Z | ||||
Shares sold | 1,687,807 | 1,446,980 | $33,841,177 | $27,457,499 |
Reinvestment of distributions | 493,559 | 741,352 | 9,199,948 | 13,440,712 |
Shares redeemed | (700,885) | (1,687,699) | (13,629,928) | (31,321,653) |
Net increase (decrease) | 1,480,481 | 500,633 | $29,411,197 | $9,576,558 |
Fund | % of shares held |
Fidelity International Small Cap Opportunities Fund | 25% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Small Cap Opportunities Fund | ||||||||||
Class A ** | 1.34% | |||||||||
Actual | $ 1,000 | $ 1,188.80 | $ 7.29 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.20 | $ 6.72 | |||||||
Class M | 1.58% | |||||||||
Actual | $ 1,000 | $ 1,187.50 | $ 8.59 | |||||||
Hypothetical-B | $ 1,000 | $ 1,017.01 | $ 7.92 | |||||||
Class C | 2.07% | |||||||||
Actual | $ 1,000 | $ 1,184.40 | $ 11.24 | |||||||
Hypothetical-B | $ 1,000 | $ 1,014.57 | $ 10.37 | |||||||
Fidelity® International Small Cap Opportunities Fund | 1.02% | |||||||||
Actual | $ 1,000 | $ 1,190.40 | $ 5.55 | |||||||
Hypothetical-B | $ 1,000 | $ 1,019.79 | $ 5.12 | |||||||
Class I ** | 1.22% | |||||||||
Actual | $ 1,000 | $ 1,190.10 | $ 6.64 | |||||||
Hypothetical-B | $ 1,000 | $ 1,018.80 | $ 6.12 | |||||||
Class Z ** | .95% | |||||||||
Actual | $ 1,000 | $ 1,191.50 | $ 5.18 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.14 | $ 4.77 | |||||||
Annualized Expense Ratio- A | Expenses Paid | |||||
Fidelity® International Small Cap Opportunities Fund | ||||||
Class A | 1.27% | |||||
Actual | $ 6.91 | |||||
Hypothetical- B | $ 6.37 | |||||
Class I | 1.01% | |||||
Actual | $ 5.50 | |||||
Hypothetical- B | $ 5.07 | |||||
Class Z | .89% | |||||
Actual | $ 4.85 | |||||
Hypothetical- B | $ 4.47 | |||||
A Annualized expense ratio reflects expenses net of applicable fee waivers. | ||||||
B 5% return per year before expenses |
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Aena SME SA | 7.7 | |
NextEra Energy, Inc. | 7.5 | |
Southern Co. | 7.2 | |
Cheniere Energy, Inc. | 4.9 | |
National Grid PLC | 4.7 | |
Targa Resources Corp. | 4.7 | |
The Williams Companies, Inc. | 4.3 | |
GFL Environmental, Inc. | 4.2 | |
Sempra | 3.8 | |
Cellnex Telecom SA | 3.5 | |
52.5 | ||
Market Sectors (% of Fund's net assets) | ||
Utilities | 33.1 | |
Industrials | 32.7 | |
Energy | 16.1 | |
Real Estate | 9.5 | |
Communication Services | 5.7 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 97.1% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 5.7% | |||
Diversified Telecommunication Services - 5.7% | |||
Cellnex Telecom SA (a) | 43,138 | 1,425,913 | |
Helios Towers PLC (b) | 715,962 | 883,895 | |
2,309,808 | |||
ENERGY - 16.1% | |||
Oil, Gas & Consumable Fuels - 16.1% | |||
Cheniere Energy, Inc. | 12,602 | 1,988,848 | |
Energy Transfer LP | 31,500 | 495,495 | |
Plains All American Pipeline LP | 23,600 | 406,628 | |
Targa Resources Corp. | 16,609 | 1,894,423 | |
The Williams Companies, Inc. | 45,237 | 1,735,291 | |
6,520,685 | |||
INDUSTRIALS - 32.7% | |||
Commercial Services & Supplies - 10.9% | |||
GFL Environmental, Inc. (c) | 53,525 | 1,707,448 | |
Republic Services, Inc. | 7,380 | 1,414,746 | |
Waste Connections, Inc. (United States) | 7,958 | 1,289,912 | |
4,412,106 | |||
Construction & Engineering - 1.9% | |||
Ferrovial SE | 20,964 | 756,200 | |
Ground Transportation - 9.0% | |||
Canadian National Railway Co. | 1,700 | 206,336 | |
Canadian Pacific Kansas City Ltd. | 7,094 | 556,382 | |
CSX Corp. | 25,879 | 859,700 | |
Norfolk Southern Corp. | 4,200 | 967,344 | |
Union Pacific Corp. | 4,360 | 1,034,018 | |
3,623,780 | |||
Transportation Infrastructure - 10.9% | |||
Aena SME SA (a) | 17,099 | 3,131,365 | |
Grupo Aeroportuario Norte S.A.B. de CV ADR | 14,658 | 1,293,422 | |
4,424,787 | |||
TOTAL INDUSTRIALS | 13,216,873 | ||
REAL ESTATE - 9.5% | |||
Equity Real Estate Investment Trusts (REITs) - 9.0% | |||
American Tower Corp. | 6,577 | 1,128,350 | |
Equinix, Inc. | 1,166 | 829,154 | |
Prologis, Inc. | 6,505 | 663,835 | |
Segro PLC | 95,851 | 1,015,655 | |
3,636,994 | |||
Real Estate Management & Development - 0.5% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 5,200 | 184,652 | |
TOTAL REAL ESTATE | 3,821,646 | ||
UTILITIES - 33.1% | |||
Electric Utilities - 21.9% | |||
Constellation Energy Corp. | 7,370 | 1,370,378 | |
Kansai Electric Power Co., Inc. | 40,261 | 603,087 | |
NextEra Energy, Inc. | 45,645 | 3,056,846 | |
Southern Co. | 39,400 | 2,895,900 | |
SSE PLC | 44,200 | 918,759 | |
8,844,970 | |||
Independent Power and Renewable Electricity Producers - 2.7% | |||
RWE AG | 22,016 | 766,939 | |
Vistra Corp. | 4,500 | 341,280 | |
1,108,219 | |||
Multi-Utilities - 8.5% | |||
National Grid PLC | 144,700 | 1,898,053 | |
Sempra | 21,300 | 1,525,719 | |
3,423,772 | |||
TOTAL UTILITIES | 13,376,961 | ||
TOTAL COMMON STOCKS (Cost $33,072,387) | 39,245,973 | ||
Money Market Funds - 3.5% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 1,162,434 | 1,162,666 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 271,323 | 271,350 | |
TOTAL MONEY MARKET FUNDS (Cost $1,434,016) | 1,434,016 | ||
TOTAL INVESTMENT IN SECURITIES - 100.6% (Cost $34,506,403) | 40,679,989 |
NET OTHER ASSETS (LIABILITIES) - (0.6)% | (261,888) |
NET ASSETS - 100.0% | 40,418,101 |
(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 $4,557,278 or 11.3% of net assets. |
(b) | Non-income producing |
(c) | Security or a portion of the security is on loan at period end. |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 1,745,398 | 7,031,759 | 7,614,524 | 32,000 | 33 | - | 1,162,666 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 9,564,771 | 9,293,421 | 1,753 | - | - | 271,350 | 0.0% |
Total | 1,745,398 | 16,596,530 | 16,907,945 | 33,753 | 33 | - | 1,434,016 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 2,309,808 | 883,895 | 1,425,913 | - |
Energy | 6,520,685 | 6,520,685 | - | - |
Industrials | 13,216,873 | 13,216,873 | - | - |
Real Estate | 3,821,646 | 3,821,646 | - | - |
Utilities | 13,376,961 | 9,190,123 | 4,186,838 | - |
Money Market Funds | 1,434,016 | 1,434,016 | - | - |
Total Investments in Securities: | 40,679,989 | 35,067,238 | 5,612,751 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $258,390) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $33,072,387) | $ | 39,245,973 | ||
Fidelity Central Funds (cost $1,434,016) | 1,434,016 | |||
Total Investment in Securities (cost $34,506,403) | $ | 40,679,989 | ||
Foreign currency held at value (cost $17) | 17 | |||
Receivable for investments sold | 75,624 | |||
Receivable for fund shares sold | 9,996 | |||
Dividends receivable | 66,187 | |||
Distributions receivable from Fidelity Central Funds | 5,102 | |||
Prepaid expenses | 17 | |||
Receivable from investment adviser for expense reductions | 1,260 | |||
Total assets | 40,838,192 | |||
Liabilities | ||||
Payable for investments purchased | $ | 72,651 | ||
Payable for fund shares redeemed | 21,482 | |||
Accrued management fee | 28,277 | |||
Audit fee payable | 23,722 | |||
Other payables and accrued expenses | 2,609 | |||
Collateral on securities loaned | 271,350 | |||
Total liabilities | 420,091 | |||
Net Assets | $ | 40,418,101 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 40,690,208 | ||
Total accumulated earnings (loss) | (272,107) | |||
Net Assets | $ | 40,418,101 | ||
Net Asset Value, offering price and redemption price per share ($40,418,101 ÷ 3,380,039 shares) | $ | 11.96 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 454,213 | ||
Income from Fidelity Central Funds (including $1,753 from security lending) | 33,753 | |||
Income before foreign taxes withheld | $ | 487,966 | ||
Less foreign taxes withheld | (9,105) | |||
Total income | 478,861 | |||
Expenses | ||||
Management fee | $ | 154,668 | ||
Transfer agent fees | 30,060 | |||
Accounting fees | 5,123 | |||
Custodian fees and expenses | 4,481 | |||
Independent trustees' fees and expenses | 111 | |||
Registration fees | 5,707 | |||
Audit | 23,799 | |||
Legal | 24 | |||
Miscellaneous | 92 | |||
Total expenses before reductions | 224,065 | |||
Expense reductions | (22,730) | |||
Total expenses after reductions | 201,335 | |||
Net Investment income (loss) | 277,526 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (298,099) | |||
Fidelity Central Funds | 33 | |||
Foreign currency transactions | 1,098 | |||
Total net realized gain (loss) | (296,968) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 5,086,888 | |||
Assets and liabilities in foreign currencies | (212) | |||
Total change in net unrealized appreciation (depreciation) | 5,086,676 | |||
Net gain (loss) | 4,789,708 | |||
Net increase (decrease) in net assets resulting from operations | $ | 5,067,234 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 277,526 | $ | 889,062 |
Net realized gain (loss) | (296,968) | (2,463,849) | ||
Change in net unrealized appreciation (depreciation) | 5,086,676 | (50,983) | ||
Net increase (decrease) in net assets resulting from operations | 5,067,234 | (1,625,770) | ||
Distributions to shareholders | (312,796) | (954,622) | ||
Share transactions | ||||
Proceeds from sales of shares | 2,157,719 | 20,419,990 | ||
Reinvestment of distributions | 291,167 | 885,226 | ||
Cost of shares redeemed | (8,709,058) | (14,157,019) | ||
Net increase (decrease) in net assets resulting from share transactions | (6,260,172) | 7,148,197 | ||
Total increase (decrease) in net assets | (1,505,734) | 4,567,805 | ||
Net Assets | ||||
Beginning of period | 41,923,835 | 37,356,030 | ||
End of period | $ | 40,418,101 | $ | 41,923,835 |
Other Information | ||||
Shares | ||||
Sold | 181,193 | 1,707,795 | ||
Issued in reinvestment of distributions | 24,535 | 75,822 | ||
Redeemed | (735,583) | (1,203,495) | ||
Net increase (decrease) | (529,855) | 580,122 | ||
Fidelity® Infrastructure Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 10.72 | $ | 11.22 | $ | 12.63 | $ | 10.44 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .08 | .22 | .13 D | .07 | .17 | |||||
Net realized and unrealized gain (loss) | 1.25 | (.47) | (1.38) | 2.21 | .31 | |||||
Total from investment operations | 1.33 | (.25) | (1.25) | 2.28 | .48 | |||||
Distributions from net investment income | (.09) | (.25) | (.16) | (.09) | (.04) | |||||
Total distributions | (.09) | (.25) | (.16) | (.09) | (.04) | |||||
Net asset value, end of period | $ | 11.96 | $ | 10.72 | $ | 11.22 | $ | 12.63 | $ | 10.44 |
Total Return E,F | 12.38 % | (2.43)% | (9.95)% | 21.96% | 4.79% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | 1.05% I | 1.15% | 1.13% | 1.24% | 2.24% I | |||||
Expenses net of fee waivers, if any | .94 % I | .94% | .98% | 1.00% | 1.00% I | |||||
Expenses net of all reductions | .94% I | .94% | .98% | 1.00% | .98% I | |||||
Net investment income (loss) | 1.30% I | 1.88% | 1.08% D | .61% | 1.67% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 40,418 | $ | 41,924 | $ | 37,356 | $ | 46,046 | $ | 12,762 |
Portfolio turnover rate J | 53 % I | 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 | $7,578,386 |
Gross unrealized depreciation | (1,554,534) |
Net unrealized appreciation (depreciation) | $6,023,852 |
Tax cost | $34,656,137 |
Short-term | $(4,974,147) |
Long-term | (802,646) |
Total capital loss carryforward | $(5,776,793) |
Purchases ($) | Sales ($) | |
Fidelity Infrastructure Fund | 10,953,824 | 16,733,830 |
Maximum Management Fee Rate % | |
Fidelity Infrastructure Fund | .87 |
Total Management Fee Rate % | |
Fidelity Infrastructure Fund | .83 |
% of Average Net Assets | |
Fidelity Infrastructure Fund | 0.0354% |
% of Average Net Assets | |
Fidelity Infrastructure Fund | .04 |
Amount ($) | |
Fidelity Infrastructure Fund | 232 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Infrastructure Fund | 164,625 | 102,891 | 2,899 |
Amount ($) | |
Fidelity Infrastructure Fund | 40 |
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 | 188 | - | - |
VIP FundsManager 60% Portfolio | |
Fidelity Infrastructure Fund | 14% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Infrastructure Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,123.80 | $ 4.96 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.19 | $ 4.72 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 3.8 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.1 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.1 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.3 | |
Schneider Electric SA (United States of America, Electrical Equipment) | 2.0 | |
SAP SE (Germany, Software) | 2.0 | |
L'Oreal SA (France, Personal Care Products) | 1.9 | |
Tokyo Electron Ltd. (Japan, Semiconductors & Semiconductor Equipment) | 1.8 | |
ICICI Bank Ltd. (India, Banks) | 1.8 | |
HDFC Bank Ltd. (India, Banks) | 1.8 | |
23.6 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 25.5 | |
Industrials | 24.7 | |
Financials | 21.9 | |
Consumer Discretionary | 10.1 | |
Health Care | 6.2 | |
Materials | 4.9 | |
Consumer Staples | 3.4 | |
Communication Services | 1.6 | |
Asset Allocation (% of Fund's net assets) |
Geographic Diversification (% of Fund's net assets) |
* Includes Short-Term investments and Net Other Assets (Liabilities). Percentages are adjusted for the effect of derivatives, if applicable. |
Common Stocks - 98.3% | |||
Shares | Value ($) | ||
Brazil - 1.4% | |||
MercadoLibre, Inc. (a) | 16,202 | 23,633,857 | |
Canada - 10.3% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 449,639 | 24,920,972 | |
Brookfield Asset Management Ltd. Class A (b) | 560,443 | 21,403,318 | |
Canadian National Railway Co. (b) | 203,427 | 24,690,820 | |
Canadian Pacific Kansas City Ltd. | 315,429 | 24,745,819 | |
CGI, Inc. Class A (sub. vtg.) (a) | 216,229 | 21,909,551 | |
Constellation Software, Inc. | 10,959 | 28,214,698 | |
Constellation Software, Inc. warrants 3/31/40 (a)(c) | 9,222 | 1 | |
Thomson Reuters Corp. | 158,501 | 23,940,081 | |
TOTAL CANADA | 169,825,260 | ||
Denmark - 3.1% | |||
DSV A/S | 5,031 | 718,272 | |
Novo Nordisk A/S Series B | 391,161 | 50,163,390 | |
TOTAL DENMARK | 50,881,662 | ||
France - 13.7% | |||
Air Liquide SA | 145,044 | 28,367,505 | |
Capgemini SA | 113,312 | 23,816,038 | |
Dassault Systemes SA | 576,546 | 22,630,540 | |
EssilorLuxottica SA | 119,384 | 25,583,246 | |
Hermes International SCA | 11,453 | 27,513,166 | |
L'Oreal SA | 65,046 | 30,519,224 | |
LVMH Moet Hennessy Louis Vuitton SE | 46,461 | 38,164,754 | |
Safran SA | 128,032 | 27,761,437 | |
TOTAL FRANCE | 224,355,910 | ||
Germany - 2.0% | |||
SAP SE | 180,087 | 32,517,778 | |
India - 9.8% | |||
Axis Bank Ltd. | 1,994,170 | 27,826,899 | |
Bharti Airtel Ltd. | 1,690,454 | 26,750,058 | |
HCL Technologies Ltd. | 1,414,417 | 23,069,638 | |
HDFC Bank Ltd. | 1,586,507 | 28,803,709 | |
ICICI Bank Ltd. | 2,126,842 | 29,297,312 | |
Larsen & Toubro Ltd. | 583,145 | 25,059,895 | |
TOTAL INDIA | 160,807,511 | ||
Indonesia - 1.5% | |||
PT Bank Central Asia Tbk | 40,711,046 | 24,478,925 | |
Ireland - 1.5% | |||
Kingspan Group PLC (Ireland) | 280,211 | 25,074,603 | |
Italy - 1.7% | |||
Ferrari NV (Italy) | 69,499 | 28,718,366 | |
Japan - 8.1% | |||
Hoya Corp. | 214,110 | 24,823,876 | |
Keyence Corp. | 63,482 | 27,917,470 | |
OBIC Co. Ltd. | 172,476 | 22,157,396 | |
Shin-Etsu Chemical Co. Ltd. | 719,803 | 27,862,811 | |
Tokyo Electron Ltd. | 136,070 | 29,846,399 | |
TOTAL JAPAN | 132,607,952 | ||
Netherlands - 6.4% | |||
ASM International NV (Netherlands) | 45,186 | 28,702,032 | |
ASML Holding NV (Netherlands) | 56,442 | 50,157,603 | |
Wolters Kluwer NV | 172,785 | 25,953,759 | |
TOTAL NETHERLANDS | 104,813,394 | ||
Sweden - 2.9% | |||
ASSA ABLOY AB (B Shares) | 808,300 | 21,356,432 | |
Atlas Copco AB (A Shares) | 1,534,037 | 26,870,327 | |
TOTAL SWEDEN | 48,226,759 | ||
Switzerland - 2.9% | |||
Partners Group Holding AG | 17,000 | 21,997,824 | |
UBS Group AG | 974,919 | 25,739,771 | |
TOTAL SWITZERLAND | 47,737,595 | ||
Taiwan - 3.8% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 2,583,291 | 61,743,744 | |
United Kingdom - 12.3% | |||
3i Group PLC | 688,953 | 24,614,535 | |
Ashtead Group PLC | 392,410 | 28,645,424 | |
BAE Systems PLC | 1,522,659 | 25,325,194 | |
Compass Group PLC | 923,625 | 25,689,454 | |
InterContinental Hotel Group PLC | 235,091 | 22,929,369 | |
London Stock Exchange Group PLC | 218,125 | 24,046,124 | |
RELX PLC (London Stock Exchange) | 686,825 | 28,219,497 | |
Sage Group PLC | 1,525,230 | 22,222,224 | |
TOTAL UNITED KINGDOM | 201,691,821 | ||
United States of America - 16.9% | |||
Arthur J. Gallagher & Co. | 88,351 | 20,735,096 | |
Experian PLC | 595,500 | 24,018,864 | |
Linde PLC | 55,765 | 24,590,134 | |
Marsh & McLennan Companies, Inc. | 115,895 | 23,112,940 | |
MasterCard, Inc. Class A | 44,660 | 20,150,592 | |
Moody's Corp. | 61,683 | 22,843,065 | |
NVIDIA Corp. | 26,330 | 22,749,647 | |
S&P Global, Inc. | 56,191 | 23,365,904 | |
Schneider Electric SA | 144,533 | 32,955,447 | |
Uber Technologies, Inc. (a) | 316,447 | 20,970,943 | |
Visa, Inc. Class A | 75,623 | 20,313,094 | |
Waste Connections, Inc. (Canada) | 139,516 | 22,620,108 | |
TOTAL UNITED STATES OF AMERICA | 278,425,834 | ||
TOTAL COMMON STOCKS (Cost $1,256,212,304) | 1,615,540,971 | ||
Money Market Funds - 2.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (d) | 19,742,715 | 19,746,664 | |
Fidelity Securities Lending Cash Central Fund 5.39% (d)(e) | 16,128,312 | 16,129,925 | |
TOTAL MONEY MARKET FUNDS (Cost $35,876,589) | 35,876,589 | ||
TOTAL INVESTMENT IN SECURITIES - 100.5% (Cost $1,292,088,893) | 1,651,417,560 |
NET OTHER ASSETS (LIABILITIES) - (0.5)% | (8,554,537) |
NET ASSETS - 100.0% | 1,642,863,023 |
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Level 3 security |
(d) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(e) | Investment made with cash collateral received from securities on loan. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 17,211,551 | 495,041,320 | 492,506,019 | 865,726 | (188) | - | 19,746,664 | 0.0% |
Fidelity Securities Lending Cash Central Fund 5.39% | 505,800 | 147,708,677 | 132,084,552 | 6,663 | - | - | 16,129,925 | 0.1% |
Total | 17,717,351 | 642,749,997 | 624,590,571 | 872,389 | (188) | - | 35,876,589 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 26,750,058 | - | 26,750,058 | - |
Consumer Discretionary | 166,648,966 | 79,865,389 | 86,783,577 | - |
Consumer Staples | 55,440,196 | 55,440,196 | - | - |
Financials | 358,729,108 | 199,661,604 | 159,067,504 | - |
Health Care | 100,570,512 | 25,583,246 | 74,987,266 | - |
Industrials | 408,926,922 | 197,359,829 | 211,567,093 | - |
Information Technology | 417,654,759 | 173,955,755 | 243,699,003 | 1 |
Materials | 80,820,450 | 24,590,134 | 56,230,316 | - |
Money Market Funds | 35,876,589 | 35,876,589 | - | - |
Total Investments in Securities: | 1,651,417,560 | 792,332,742 | 859,084,817 | 1 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $15,114,841) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $1,256,212,304) | $ | 1,615,540,971 | ||
Fidelity Central Funds (cost $35,876,589) | 35,876,589 | |||
Total Investment in Securities (cost $1,292,088,893) | $ | 1,651,417,560 | ||
Foreign currency held at value (cost $553,871) | 554,156 | |||
Receivable for investments sold | 4,579,300 | |||
Receivable for fund shares sold | 6,388,263 | |||
Dividends receivable | 2,759,513 | |||
Reclaims receivable | 1,175,237 | |||
Distributions receivable from Fidelity Central Funds | 177,016 | |||
Total assets | 1,667,051,045 | |||
Liabilities | ||||
Payable for investments purchased | $ | 2,205,235 | ||
Payable for fund shares redeemed | 1,154,545 | |||
Accrued management fee | 901,196 | |||
Deferred taxes | 3,797,135 | |||
Collateral on securities loaned | 16,129,925 | |||
Total liabilities | 24,188,036 | |||
Net Assets | $ | 1,642,863,009 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 1,318,836,926 | ||
Total accumulated earnings (loss) | 324,026,083 | |||
Net Assets | $ | 1,642,863,009 | ||
Net Asset Value, offering price and redemption price per share ($1,642,863,009 ÷ 103,913,606 shares) | $ | 15.81 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 8,750,410 | ||
Income from Fidelity Central Funds (including $6,663 from security lending) | 872,389 | |||
Income before foreign taxes withheld | $ | 9,622,799 | ||
Less foreign taxes withheld | (799,299) | |||
Total income | 8,823,500 | |||
Expenses | ||||
Management fee | $ | 4,823,378 | ||
Independent trustees' fees and expenses | 3,324 | |||
Interest | 2,294 | |||
Total expenses before reductions | 4,828,996 | |||
Expense reductions | (248) | |||
Total expenses after reductions | 4,828,748 | |||
Net Investment income (loss) | 3,994,752 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $408,860) | 30,526,449 | |||
Fidelity Central Funds | (188) | |||
Foreign currency transactions | (150,674) | |||
Total net realized gain (loss) | 30,375,587 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $2,171,836) | 214,677,001 | |||
Assets and liabilities in foreign currencies | (10,366) | |||
Total change in net unrealized appreciation (depreciation) | 214,666,635 | |||
Net gain (loss) | 245,042,222 | |||
Net increase (decrease) in net assets resulting from operations | $ | 249,036,974 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 3,994,752 | $ | 5,810,863 |
Net realized gain (loss) | 30,375,587 | 7,929,064 | ||
Change in net unrealized appreciation (depreciation) | 214,666,635 | 104,172,802 | ||
Net increase (decrease) in net assets resulting from operations | 249,036,974 | 117,912,729 | ||
Distributions to shareholders | (5,644,723) | (3,323,601) | ||
Share transactions | ||||
Proceeds from sales of shares | 522,709,981 | 427,602,334 | ||
Reinvestment of distributions | 5,644,723 | 3,323,601 | ||
Cost of shares redeemed | (221,226,244) | (216,290,497) | ||
Net increase (decrease) in net assets resulting from share transactions | 307,128,460 | 214,635,438 | ||
Total increase (decrease) in net assets | 550,520,711 | 329,224,566 | ||
Net Assets | ||||
Beginning of period | 1,092,342,298 | 763,117,732 | ||
End of period | $ | 1,642,863,009 | $ | 1,092,342,298 |
Other Information | ||||
Shares | ||||
Sold | 33,796,676 | 31,934,138 | ||
Issued in reinvestment of distributions | 386,361 | 258,445 | ||
Redeemed | (13,987,338) | (16,055,471) | ||
Net increase (decrease) | 20,195,699 | 16,137,112 | ||
Fidelity® International Capital Appreciation K6 Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 13.05 | $ | 11.29 | $ | 17.82 | $ | 13.99 | $ | 12.40 | $ | 10.17 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .04 | .08 | .06 | .05 | .08 | .13 C | ||||||
Net realized and unrealized gain (loss) | 2.79 | 1.73 | (5.14) | 3.85 | 1.62 | 2.18 | ||||||
Total from investment operations | 2.83 | 1.81 | (5.08) | 3.90 | 1.70 | 2.31 | ||||||
Distributions from net investment income | (.07) | (.05) | (.04) | (.07) | (.11) | (.08) | ||||||
Distributions from net realized gain | - | - | (1.41) | - | - | - | ||||||
Total distributions | (.07) | (.05) | (1.45) | (.07) | (.11) | (.08) | ||||||
Net asset value, end of period | $ | 15.81 | $ | 13.05 | $ | 11.29 | $ | 17.82 | $ | 13.99 | $ | 12.40 |
Total Return D,E | 21.69 % | 16.02% | (30.83)% | 27.93% | 13.82% | 22.90% | ||||||
Ratios to Average Net Assets B,F,G | ||||||||||||
Expenses before reductions | .65% H | .65% | .65% | .65% | .65% | .65% | ||||||
Expenses net of fee waivers, if any | .65 % H | .65% | .65% | .65% | .65% | .65% | ||||||
Expenses net of all reductions | .65% H | .65% | .65% | .65% | .61% | .63% | ||||||
Net investment income (loss) | .54% H | .59% | .44% | .29% | .62% | 1.16% C | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 1,642,863 | $ | 1,092,342 | $ | 763,118 | $ | 923,233 | $ | 760,960 | $ | 524,353 |
Portfolio turnover rate I | 55 % H | 78% | 119% J | 149% | 138% | 144% 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 | $376,136,456 |
Gross unrealized depreciation | (19,742,624) |
Net unrealized appreciation (depreciation) | $356,393,832 |
Tax cost | $1,295,023,728 |
Short-term | $(61,559,404) |
Total capital loss carryforward | $(61,559,404) |
Purchases ($) | Sales ($) | |
Fidelity International Capital Appreciation K6 Fund | 688,488,660 | 391,948,647 |
Amount ($) | |
Fidelity International Capital Appreciation K6 Fund | 482 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity International Capital Appreciation K6 Fund | Borrower | 14,825,000 | 5.57% | 2,294 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity International Capital Appreciation K6 Fund | 54,858,495 | 19,247,411 | 555,660 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity International Capital Appreciation K6 Fund | 723 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® International Capital Appreciation K6 Fund | .65% | |||||||||
Actual | $ 1,000 | $ 1,216.90 | $ 3.58 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.63 | $ 3.27 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.9 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.8 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.7 | |
SAP SE (Germany, Software) | 2.3 | |
Tokio Marine Holdings, Inc. (Japan, Insurance) | 2.2 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
Safran SA (France, Aerospace & Defense) | 2.1 | |
RELX PLC (London Stock Exchange) (United Kingdom, Professional Services) | 2.1 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.9 | |
Compass Group PLC (United Kingdom, Hotels, Restaurants & Leisure) | 1.8 | |
24.9 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 22.5 | |
Information Technology | 19.1 | |
Industrials | 18.6 | |
Health Care | 15.5 | |
Consumer Discretionary | 10.0 | |
Materials | 6.5 | |
Consumer Staples | 5.1 | |
Energy | 1.3 | |
Communication Services | 0.5 | |
Real Estate | 0.1 | |
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 - 99.2% | |||
Shares | Value ($) | ||
Belgium - 0.9% | |||
Azelis Group NV | 1,640,643 | 39,640,245 | |
KBC Group NV | 1,293,465 | 96,488,971 | |
TOTAL BELGIUM | 136,129,216 | ||
Canada - 2.5% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 2,300,900 | 127,526,002 | |
Constellation Software, Inc. | 91,270 | 234,980,885 | |
Constellation Software, Inc. warrants 3/31/40 (a)(b) | 105,870 | 8 | |
Lumine Group, Inc. (a) | 525,150 | 14,385,215 | |
TOTAL CANADA | 376,892,110 | ||
Denmark - 5.0% | |||
Carlsberg A/S Series B | 669,700 | 90,083,266 | |
DSV A/S | 650,496 | 92,870,825 | |
Novo Nordisk A/S Series B | 4,357,500 | 558,815,868 | |
TOTAL DENMARK | 741,769,959 | ||
Finland - 0.9% | |||
Nordea Bank Abp | 11,641,300 | 135,845,448 | |
France - 14.0% | |||
Accor SA | 2,781,100 | 122,607,664 | |
Air Liquide SA | 1,191,660 | 233,063,216 | |
ALTEN | 904,701 | 106,880,508 | |
Antin Infrastructure Partners SA | 336,500 | 4,309,354 | |
Capgemini SA | 1,143,362 | 240,313,050 | |
Dassault Systemes SA | 2,403,700 | 94,349,849 | |
Edenred SA | 626,804 | 29,740,416 | |
EssilorLuxottica SA | 1,102,716 | 236,305,159 | |
L'Oreal SA | 419,800 | 196,967,844 | |
LVMH Moet Hennessy Louis Vuitton SE | 385,683 | 316,814,030 | |
Safran SA | 1,441,600 | 312,585,039 | |
TotalEnergies SE | 2,567,679 | 186,410,213 | |
TOTAL FRANCE | 2,080,346,342 | ||
Germany - 9.1% | |||
Allianz SE | 789,933 | 224,171,046 | |
Deutsche Borse AG | 990,760 | 191,010,592 | |
Hannover Reuck SE | 889,216 | 220,540,935 | |
Infineon Technologies AG | 2,556,200 | 88,707,871 | |
Merck KGaA | 809,320 | 128,649,055 | |
SAP SE | 1,898,300 | 342,770,429 | |
Siemens Healthineers AG (c) | 2,701,700 | 149,829,384 | |
TOTAL GERMANY | 1,345,679,312 | ||
Hong Kong - 1.0% | |||
AIA Group Ltd. | 19,396,600 | 142,067,643 | |
India - 0.4% | |||
HDFC Bank Ltd. | 3,545,000 | 64,360,983 | |
Indonesia - 0.9% | |||
PT Bank Central Asia Tbk | 210,278,900 | 126,437,465 | |
Ireland - 1.1% | |||
Kingspan Group PLC (Ireland) | 1,775,600 | 158,889,070 | |
Italy - 3.6% | |||
FinecoBank SpA | 8,359,685 | 128,825,823 | |
GVS SpA (a)(c) | 839,038 | 4,906,909 | |
Industrie de Nora SpA | 601,200 | 8,109,832 | |
Recordati SpA | 2,914,539 | 155,675,322 | |
UniCredit SpA | 6,576,500 | 241,386,243 | |
TOTAL ITALY | 538,904,129 | ||
Japan - 14.5% | |||
Ajinomoto Co., Inc. | 2,742,200 | 101,959,035 | |
BayCurrent Consulting, Inc. | 1,032,000 | 21,968,356 | |
Capcom Co. Ltd. | 4,112,500 | 67,701,784 | |
DENSO Corp. | 5,944,800 | 101,317,956 | |
FUJIFILM Holdings Corp. | 8,304,500 | 176,657,374 | |
Hoya Corp. | 1,799,807 | 208,669,310 | |
Mitsubishi Heavy Industries Ltd. | 18,775,900 | 167,877,520 | |
Renesas Electronics Corp. | 5,235,026 | 84,994,584 | |
Rohto Pharmaceutical Co. Ltd. | 1,580,400 | 30,834,295 | |
Shin-Etsu Chemical Co. Ltd. | 6,658,400 | 257,739,605 | |
Sony Group Corp. | 2,918,800 | 241,242,817 | |
Suzuki Motor Corp. | 13,105,180 | 152,620,116 | |
TIS, Inc. | 2,142,076 | 45,747,409 | |
Tokio Marine Holdings, Inc. | 10,145,400 | 320,659,525 | |
Tokyo Electron Ltd. | 771,800 | 169,291,178 | |
TOTAL JAPAN | 2,149,280,864 | ||
Netherlands - 8.1% | |||
ASM International NV (Netherlands) | 249,961 | 158,774,588 | |
ASML Holding NV (Netherlands) | 647,628 | 575,519,446 | |
IMCD NV | 1,062,051 | 161,229,113 | |
Topicus.Com, Inc. | 184,177 | 15,009,492 | |
Wolters Kluwer NV | 1,909,108 | 286,764,059 | |
TOTAL NETHERLANDS | 1,197,296,698 | ||
Spain - 0.8% | |||
CaixaBank SA (d) | 23,530,100 | 124,087,373 | |
Sweden - 2.5% | |||
AddTech AB (B Shares) | 1,731,419 | 36,575,292 | |
Atlas Copco AB (A Shares) | 9,929,600 | 173,927,748 | |
Indutrade AB | 6,947,075 | 162,764,942 | |
Kry International AB (a)(b)(e) | 4,451 | 135,521 | |
TOTAL SWEDEN | 373,403,503 | ||
Switzerland - 5.0% | |||
Alcon, Inc. (Switzerland) | 1,954,120 | 151,142,705 | |
Compagnie Financiere Richemont SA Series A | 1,050,120 | 145,154,968 | |
Galderma Group AG | 707,590 | 52,727,675 | |
Partners Group Holding AG | 127,640 | 165,164,841 | |
Sika AG | 800,401 | 229,258,181 | |
TOTAL SWITZERLAND | 743,448,370 | ||
Taiwan - 0.8% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 4,824,684 | 115,315,717 | |
United Kingdom - 17.2% | |||
3i Group PLC | 5,501,391 | 196,550,681 | |
AstraZeneca PLC (United Kingdom) | 2,675,800 | 404,711,947 | |
BAE Systems PLC | 12,116,600 | 201,525,913 | |
Beazley PLC | 3,771,851 | 31,247,962 | |
Compass Group PLC | 9,824,187 | 273,247,258 | |
Diageo PLC | 6,662,247 | 230,245,113 | |
Diploma PLC | 1,455,331 | 65,975,501 | |
Flutter Entertainment PLC (a) | 190,902 | 35,602,333 | |
Halma PLC | 3,600,500 | 99,293,036 | |
Hiscox Ltd. | 3,511,072 | 53,963,298 | |
InterContinental Hotel Group PLC | 1,180,498 | 115,138,709 | |
Lloyds Banking Group PLC | 220,013,300 | 141,992,947 | |
London Stock Exchange Group PLC | 2,227,700 | 245,581,890 | |
RELX PLC (London Stock Exchange) | 7,490,355 | 307,755,324 | |
Sage Group PLC | 10,276,400 | 149,724,610 | |
TOTAL UNITED KINGDOM | 2,552,556,522 | ||
United States of America - 10.9% | |||
CBRE Group, Inc. (a) | 83,027 | 7,214,216 | |
CDW Corp. | 453,800 | 109,756,068 | |
Experian PLC | 3,435,200 | 138,555,169 | |
Ferguson PLC | 934,700 | 198,085,065 | |
ICON PLC (a) | 449,400 | 133,867,272 | |
Linde PLC | 564,800 | 249,054,208 | |
Marsh & McLennan Companies, Inc. | 1,220,028 | 243,310,184 | |
S&P Global, Inc. | 489,251 | 203,445,243 | |
Schneider Electric SA | 988,931 | 225,489,428 | |
Thermo Fisher Scientific, Inc. | 197,900 | 112,549,688 | |
TOTAL UNITED STATES OF AMERICA | 1,621,326,541 | ||
TOTAL COMMON STOCKS (Cost $10,825,985,732) | 14,724,037,265 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Shares | Value ($) | ||
Sweden - 0.0% | |||
Kry International AB Series E (a)(b)(e) (Cost $11,754,376) | 25,711 | 1,064,899 | |
Money Market Funds - 0.7% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 75,903,525 | 75,918,705 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 17,398,260 | 17,400,000 | |
TOTAL MONEY MARKET FUNDS (Cost $93,318,705) | 93,318,705 | ||
TOTAL INVESTMENT IN SECURITIES - 99.9% (Cost $10,931,058,813) | 14,818,420,869 |
NET OTHER ASSETS (LIABILITIES) - 0.1% | 21,140,018 |
NET ASSETS - 100.0% | 14,839,560,887 |
(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 $154,736,293 or 1.0% 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 $1,200,420 or 0.0% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 329,038,521 | 1,635,852,580 | 1,888,998,035 | 4,478,305 | 25,639 | - | 75,918,705 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.39% | - | 122,977,365 | 105,577,365 | 194,893 | - | - | 17,400,000 | 0.1% |
Total | 329,038,521 | 1,758,829,945 | 1,994,575,400 | 4,673,198 | 25,639 | - | 93,318,705 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 67,701,784 | - | 67,701,784 | - |
Consumer Discretionary | 1,503,745,851 | 158,209,997 | 1,345,535,854 | - |
Consumer Staples | 777,615,555 | 324,493,846 | 453,121,709 | - |
Energy | 186,410,213 | - | 186,410,213 | - |
Financials | 3,331,188,863 | 1,312,882,475 | 2,018,306,388 | - |
Health Care | 2,292,943,385 | 970,916,876 | 1,322,026,509 | - |
Industrials | 2,765,495,350 | 1,215,810,853 | 1,549,684,497 | - |
Information Technology | 2,823,671,737 | 1,464,323,848 | 1,358,147,461 | 1,200,428 |
Materials | 969,115,210 | 478,312,389 | 490,802,821 | - |
Real Estate | 7,214,216 | 7,214,216 | - | - |
Money Market Funds | 93,318,705 | 93,318,705 | - | - |
Total Investments in Securities: | 14,818,420,869 | 6,025,483,205 | 8,791,737,236 | 1,200,428 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $15,884,778) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,837,740,108) | $ | 14,725,102,164 | ||
Fidelity Central Funds (cost $93,318,705) | 93,318,705 | |||
Total Investment in Securities (cost $10,931,058,813) | $ | 14,818,420,869 | ||
Foreign currency held at value (cost $3,195,537) | 3,195,536 | |||
Receivable for investments sold | 26,331,210 | |||
Receivable for fund shares sold | 307,516 | |||
Dividends receivable | 34,182,282 | |||
Reclaims receivable | 40,993,595 | |||
Distributions receivable from Fidelity Central Funds | 781,958 | |||
Other receivables | 83,444 | |||
Total assets | 14,924,296,410 | |||
Liabilities | ||||
Payable for investments purchased | $ | 4,593,417 | ||
Payable for fund shares redeemed | 62,165,884 | |||
Other payables and accrued expenses | 576,222 | |||
Collateral on securities loaned | 17,400,000 | |||
Total liabilities | 84,735,523 | |||
Net Assets | $ | 14,839,560,887 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,235,222,417 | ||
Total accumulated earnings (loss) | 3,604,338,470 | |||
Net Assets | $ | 14,839,560,887 | ||
Net Asset Value, offering price and redemption price per share ($14,839,560,887 ÷ 1,100,854,383 shares) | $ | 13.48 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 134,842,655 | ||
Interest | 341,768 | |||
Income from Fidelity Central Funds (including $194,893 from security lending) | 4,673,198 | |||
Income before foreign taxes withheld | $ | 139,857,621 | ||
Less foreign taxes withheld | (12,767,857) | |||
Total income | 127,089,764 | |||
Expenses | ||||
Custodian fees and expenses | $ | 485,397 | ||
Independent trustees' fees and expenses | 35,788 | |||
Interest | 52,691 | |||
Total expenses before reductions | 573,876 | |||
Expense reductions | (46) | |||
Total expenses after reductions | 573,830 | |||
Net Investment income (loss) | 126,515,934 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $4,933,904) | 118,502,152 | |||
Redemptions in-kind | 121,138,394 | |||
Fidelity Central Funds | 25,639 | |||
Foreign currency transactions | (565,748) | |||
Total net realized gain (loss) | 239,100,437 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $3,799,217) | 2,316,470,800 | |||
Assets and liabilities in foreign currencies | (277,723) | |||
Total change in net unrealized appreciation (depreciation) | 2,316,193,077 | |||
Net gain (loss) | 2,555,293,514 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,681,809,448 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 126,515,934 | $ | 254,211,804 |
Net realized gain (loss) | 239,100,437 | 90,465,610 | ||
Change in net unrealized appreciation (depreciation) | 2,316,193,077 | 1,370,046,952 | ||
Net increase (decrease) in net assets resulting from operations | 2,681,809,448 | 1,714,724,366 | ||
Distributions to shareholders | (237,159,964) | (228,975,390) | ||
Share transactions | ||||
Proceeds from sales of shares | 1,281,004,332 | 1,971,571,393 | ||
Reinvestment of distributions | 237,159,964 | 228,975,390 | ||
Cost of shares redeemed | (1,968,152,521) | (3,158,640,518) | ||
Net increase (decrease) in net assets resulting from share transactions | (449,988,225) | (958,093,735) | ||
Total increase (decrease) in net assets | 1,994,661,259 | 527,655,241 | ||
Net Assets | ||||
Beginning of period | 12,844,899,628 | 12,317,244,387 | ||
End of period | $ | 14,839,560,887 | $ | 12,844,899,628 |
Other Information | ||||
Shares | ||||
Sold | 97,450,070 | 166,640,804 | ||
Issued in reinvestment of distributions | 19,172,188 | 20,554,344 | ||
Redeemed | (150,261,847) | (271,702,575) | ||
Net increase (decrease) | (33,639,589) | (84,507,427) | ||
Fidelity® Series Overseas Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 A | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 11.32 | $ | 10.10 | $ | 14.58 | $ | 10.62 | $ | 10.20 | $ | 10.00 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) B,C | .11 | .22 | .21 | .17 | .14 | .06 D | ||||||
Net realized and unrealized gain (loss) | 2.26 | 1.20 | (4.27) | 3.93 | .32 | .14 | ||||||
Total from investment operations | 2.37 | 1.42 | (4.06) | 4.10 | .46 | .20 | ||||||
Distributions from net investment income | (.21) | (.20) | (.17) | (.14) | (.04) | - | ||||||
Distributions from net realized gain | - | - | (.25) | - | - | - | ||||||
Total distributions | (.21) | (.20) | (.42) | (.14) | (.04) | - | ||||||
Net asset value, end of period | $ | 13.48 | $ | 11.32 | $ | 10.10 | $ | 14.58 | $ | 10.62 | $ | 10.20 |
Total Return E | 21.12 % | 14.05% | (28.66)% | 38.89% | 4.51% | 2.00% | ||||||
Ratios to Average Net Assets C,F,G | ||||||||||||
Expenses before reductions | .01% H | .01% | .01% | .01% | .01% | .01% H | ||||||
Expenses net of fee waivers, if any | .01 % H | .01% | .01% | .01% | .01% | .01% H | ||||||
Expenses net of all reductions | .01% H | .01% | .01% | .01% | .01% | .01% H | ||||||
Net investment income (loss) | 1.73% H | 1.90% | 1.79% | 1.29% | 1.35% | 1.69% D,H | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 14,839,561 | $ | 12,844,900 | $ | 12,317,244 | $ | 15,419,200 | $ | 11,508,376 | $ | 6,226,806 |
Portfolio turnover rate I | 34 % J | 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 | $4,043,856,279 |
Gross unrealized depreciation | (168,376,275) |
Net unrealized appreciation (depreciation) | $3,875,480,004 |
Tax cost | $10,942,940,865 |
Short-term | $(514,624,302) |
Long-term | (96,973,062) |
Total capital loss carryforward | $(611,597,364) |
Purchases ($) | Sales ($) | |
Fidelity Series Overseas Fund | 2,434,933,431 | 2,422,941,285 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Overseas Fund | 25,162,133 | 121,138,394 | 328,962,658 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Series Overseas Fund | 32,698,280 | 121,959,420 | 380,570,728 |
Amount ($) | |
Fidelity Series Overseas Fund | 1,239 |
Borrower or Lender | Average Loan Balance ($) | Weighted Average Interest Rate | Interest Expense ($) | |
Fidelity Series Overseas Fund | Borrower | 48,640,714 | 5.57% | 52,691 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Series Overseas Fund | 35,131,191 | 36,108,060 | 2,041,627 |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Series Overseas Fund | 20,693 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Series Overseas Fund | .01% | |||||||||
Actual | $ 1,000 | $ 1,211.20 | $ .05 | |||||||
Hypothetical-B | $ 1,000 | $ 1,024.81 | $ .05 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Microsoft Corp. | 4.3 | |
NVIDIA Corp. | 3.4 | |
Amazon.com, Inc. | 2.6 | |
Meta Platforms, Inc. Class A | 1.7 | |
Alphabet, Inc. Class A | 1.6 | |
Alphabet, Inc. Class C | 1.4 | |
Eli Lilly & Co. | 1.2 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 1.1 | |
JPMorgan Chase & Co. | 1.1 | |
Tesla, Inc. | 0.9 | |
19.3 | ||
Market Sectors (% of Fund's net assets) | ||
Information Technology | 21.9 | |
Consumer Discretionary | 15.7 | |
Industrials | 15.6 | |
Financials | 11.4 | |
Health Care | 9.3 | |
Communication Services | 8.5 | |
Consumer Staples | 5.1 | |
Materials | 4.2 | |
Real Estate | 4.1 | |
Energy | 1.8 | |
Utilities | 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 - 97.9% | |||
Shares | Value ($) | ||
COMMUNICATION SERVICES - 8.5% | |||
Entertainment - 1.9% | |||
Live Nation Entertainment, Inc. (a) | 494 | 43,922 | |
Netflix, Inc. (a) | 171 | 94,159 | |
Sea Ltd. ADR (a) | 788 | 49,794 | |
The Walt Disney Co. | 701 | 77,881 | |
265,756 | |||
Interactive Media & Services - 6.6% | |||
Adevinta ASA Class B (a) | 2,862 | 29,216 | |
Alphabet, Inc.: | |||
Class A | 1,384 | 225,288 | |
Class C | 1,220 | 200,861 | |
Hemnet Group AB | 809 | 21,215 | |
Kakao Corp. | 572 | 19,809 | |
LY Corp. | 7,791 | 18,719 | |
Match Group, Inc. (a) | 956 | 29,464 | |
Meta Platforms, Inc. Class A | 563 | 242,186 | |
NAVER Corp. | 245 | 32,225 | |
Rightmove PLC | 3,529 | 22,710 | |
Tencent Holdings Ltd. | 2,268 | 99,527 | |
941,220 | |||
TOTAL COMMUNICATION SERVICES | 1,206,976 | ||
CONSUMER DISCRETIONARY - 15.7% | |||
Automobile Components - 0.5% | |||
Aptiv PLC (a) | 552 | 39,192 | |
DENSO Corp. | 2,140 | 36,472 | |
75,664 | |||
Automobiles - 1.4% | |||
BYD Co. Ltd. (H Shares) | 1,258 | 34,485 | |
Ferrari NV (Italy) | 90 | 37,190 | |
Tesla, Inc. (a) | 718 | 131,595 | |
203,270 | |||
Broadline Retail - 3.5% | |||
Amazon.com, Inc. (a) | 2,110 | 369,250 | |
B&M European Value Retail SA | 4,226 | 27,406 | |
Dollarama, Inc. | 412 | 34,369 | |
MercadoLibre, Inc. (a) | 28 | 40,844 | |
Prosus NV | 642 | 21,673 | |
493,542 | |||
Diversified Consumer Services - 0.3% | |||
Duolingo, Inc. (a) | 199 | 44,924 | |
Hotels, Restaurants & Leisure - 3.8% | |||
Chipotle Mexican Grill, Inc. (a) | 21 | 66,352 | |
Churchill Downs, Inc. | 393 | 50,697 | |
Compass Group PLC | 1,263 | 35,129 | |
Domino's Pizza, Inc. | 103 | 54,515 | |
Doordash, Inc. (a) | 382 | 49,377 | |
Flutter Entertainment PLC (a) | 146 | 27,228 | |
Hilton Worldwide Holdings, Inc. | 344 | 67,864 | |
Oriental Land Co. Ltd. | 1,008 | 27,812 | |
Restaurant Brands Asia Ltd. (a) | 19,425 | 23,211 | |
Wingstop, Inc. | 113 | 43,481 | |
Yum! Brands, Inc. | 322 | 45,483 | |
Zomato Ltd. (a) | 22,115 | 51,025 | |
542,174 | |||
Household Durables - 0.5% | |||
Berkeley Group Holdings PLC | 397 | 23,385 | |
NVR, Inc. (a) | 7 | 52,072 | |
75,457 | |||
Leisure Products - 0.3% | |||
Roland Corp. | 647 | 17,589 | |
SHIMANO, Inc. | 129 | 20,964 | |
38,553 | |||
Specialty Retail - 3.6% | |||
Carvana Co. Class A (a) | 459 | 38,060 | |
Fast Retailing Co. Ltd. | 142 | 37,129 | |
Five Below, Inc. (a) | 225 | 32,927 | |
Floor & Decor Holdings, Inc. Class A (a) | 417 | 46,008 | |
Lowe's Companies, Inc. | 319 | 72,729 | |
National Vision Holdings, Inc. (a) | 2,205 | 38,411 | |
Nitori Holdings Co. Ltd. | 184 | 24,625 | |
The Home Depot, Inc. | 302 | 100,934 | |
Ulta Beauty, Inc. (a) | 102 | 41,294 | |
Wayfair LLC Class A (a) | 635 | 31,845 | |
WH Smith PLC | 1,154 | 15,819 | |
Workman Co. Ltd. | 659 | 16,190 | |
ZOZO, Inc. | 833 | 17,942 | |
513,913 | |||
Textiles, Apparel & Luxury Goods - 1.8% | |||
Hermes International SCA | 16 | 38,436 | |
lululemon athletica, Inc. (a) | 196 | 70,678 | |
LVMH Moet Hennessy Louis Vuitton SE | 82 | 67,358 | |
Moncler SpA | 333 | 22,787 | |
Prada SpA | 2,910 | 23,732 | |
Shenzhou International Group Holdings Ltd. | 3,057 | 30,048 | |
253,039 | |||
TOTAL CONSUMER DISCRETIONARY | 2,240,536 | ||
CONSUMER STAPLES - 5.1% | |||
Beverages - 1.0% | |||
Ambev SA | 10,151 | 23,752 | |
Davide Campari Milano NV | 2,695 | 27,093 | |
Kweichow Moutai Co. Ltd. (A Shares) | 115 | 26,964 | |
Monster Beverage Corp. (a) | 806 | 43,081 | |
Pernod Ricard SA | 175 | 26,520 | |
147,410 | |||
Consumer Staples Distribution & Retail - 2.7% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 541 | 29,985 | |
Casey's General Stores, Inc. | 169 | 54,009 | |
Clicks Group Ltd. | 1,582 | 24,614 | |
Cosmos Pharmaceutical Corp. | 273 | 25,114 | |
Costco Wholesale Corp. | 172 | 124,339 | |
Wal-Mart de Mexico SA de CV Series V | 8,849 | 33,018 | |
Walmart, Inc. | 1,497 | 88,847 | |
379,926 | |||
Food Products - 0.7% | |||
Freshpet, Inc. (a) | 498 | 52,823 | |
McCormick & Co., Inc. (non-vtg.) | 660 | 50,200 | |
103,023 | |||
Household Products - 0.2% | |||
Unicharm Corp. | 664 | 19,730 | |
Personal Care Products - 0.5% | |||
Hindustan Unilever Ltd. | 930 | 24,831 | |
L'Oreal SA | 100 | 46,919 | |
71,750 | |||
TOTAL CONSUMER STAPLES | 721,839 | ||
ENERGY - 1.8% | |||
Energy Equipment & Services - 0.4% | |||
Schlumberger Ltd. | 1,053 | 49,996 | |
Oil, Gas & Consumable Fuels - 1.4% | |||
Cheniere Energy, Inc. | 268 | 42,296 | |
Hess Corp. | 332 | 52,287 | |
Parkland Corp. | 761 | 23,444 | |
PrairieSky Royalty Ltd. | 2,270 | 43,251 | |
Reliance Industries Ltd. | 1,262 | 44,289 | |
205,567 | |||
TOTAL ENERGY | 255,563 | ||
FINANCIALS - 11.4% | |||
Banks - 3.0% | |||
Bank of America Corp. | 2,493 | 92,266 | |
Credicorp Ltd. (United States) | 263 | 43,555 | |
FinecoBank SpA | 1,536 | 23,670 | |
JPMorgan Chase & Co. | 806 | 154,542 | |
KBC Group NV | 396 | 29,541 | |
PNC Financial Services Group, Inc. | 287 | 43,986 | |
PT Bank Central Asia Tbk | 55,476 | 33,357 | |
420,917 | |||
Capital Markets - 2.5% | |||
Avanza Bank Holding AB | 742 | 16,065 | |
Banca Generali SpA | 585 | 22,987 | |
Bolsa Mexicana de Valores S.A.B. de CV | 13,232 | 24,856 | |
Brookfield Corp. (Canada) Class A | 857 | 34,376 | |
HUB24 Ltd. | 1,195 | 30,704 | |
Moody's Corp. | 124 | 45,921 | |
Morningstar, Inc. | 159 | 44,941 | |
Nordnet AB | 1,221 | 22,070 | |
Partners Group Holding AG | 19 | 24,586 | |
S&P Global, Inc. | 151 | 62,790 | |
VZ Holding AG | 239 | 27,611 | |
356,907 | |||
Financial Services - 3.0% | |||
Adyen BV (a)(b) | 21 | 25,158 | |
BFF Bank SpA (b) | 2,091 | 26,890 | |
Edenred SA | 403 | 19,121 | |
Fiserv, Inc. (a) | 421 | 64,274 | |
Flywire Corp. (a) | 1,341 | 27,491 | |
MasterCard, Inc. Class A | 261 | 117,763 | |
Visa, Inc. Class A | 481 | 129,201 | |
Zenkoku Hosho Co. Ltd. | 657 | 23,069 | |
432,967 | |||
Insurance - 2.9% | |||
American Financial Group, Inc. | 324 | 41,391 | |
Arch Capital Group Ltd. (a) | 559 | 52,289 | |
Arthur J. Gallagher & Co. | 191 | 44,826 | |
Assurant, Inc. | 248 | 43,251 | |
Chubb Ltd. | 275 | 68,376 | |
Hannover Reuck SE | 148 | 36,707 | |
Qualitas Controladora S.A.B. de CV | 3,540 | 46,293 | |
Steadfast Group Ltd. | 5,820 | 21,181 | |
The Travelers Companies, Inc. | 259 | 54,949 | |
409,263 | |||
TOTAL FINANCIALS | 1,620,054 | ||
HEALTH CARE - 9.3% | |||
Biotechnology - 0.2% | |||
Zai Lab Ltd. (a) | 14,460 | 23,242 | |
Health Care Equipment & Supplies - 4.1% | |||
Align Technology, Inc. (a) | 133 | 37,557 | |
Boston Scientific Corp. (a) | 1,073 | 77,117 | |
Coloplast A/S Series B | 165 | 19,893 | |
Hoya Corp. | 287 | 33,275 | |
IDEXX Laboratories, Inc. (a) | 86 | 42,377 | |
Inspire Medical Systems, Inc. (a) | 165 | 39,874 | |
Intuitive Surgical, Inc. (a) | 167 | 61,894 | |
Masimo Corp. (a) | 429 | 57,662 | |
ResMed, Inc. | 260 | 55,637 | |
Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (A Shares) | 764 | 32,080 | |
Shockwave Medical, Inc. (a) | 162 | 53,491 | |
Straumann Holding AG | 201 | 26,895 | |
The Cooper Companies, Inc. | 468 | 41,680 | |
579,432 | |||
Health Care Providers & Services - 1.2% | |||
Apollo Hospitals Enterprise Ltd. | 425 | 30,220 | |
Surgery Partners, Inc. (a) | 909 | 22,680 | |
UnitedHealth Group, Inc. | 253 | 122,376 | |
175,276 | |||
Health Care Technology - 0.2% | |||
Veeva Systems, Inc. Class A (a) | 159 | 31,571 | |
Life Sciences Tools & Services - 1.7% | |||
10X Genomics, Inc. (a) | 566 | 16,572 | |
Danaher Corp. | 294 | 72,506 | |
Lonza Group AG | 45 | 24,840 | |
Thermo Fisher Scientific, Inc. | 153 | 87,014 | |
West Pharmaceutical Services, Inc. | 135 | 48,260 | |
249,192 | |||
Pharmaceuticals - 1.9% | |||
Eli Lilly & Co. | 210 | 164,031 | |
Novo Nordisk A/S Series B | 830 | 106,441 | |
270,472 | |||
TOTAL HEALTH CARE | 1,329,185 | ||
INDUSTRIALS - 15.5% | |||
Aerospace & Defense - 1.9% | |||
General Electric Co. | 562 | 90,943 | |
HEICO Corp. | 234 | 48,532 | |
INVISIO AB | 1,159 | 25,609 | |
Northrop Grumman Corp. | 112 | 54,323 | |
Safran SA | 223 | 48,354 | |
267,761 | |||
Air Freight & Logistics - 0.9% | |||
C.H. Robinson Worldwide, Inc. | 444 | 31,524 | |
Delhivery Private Ltd. (a) | 4,535 | 24,374 | |
DHL Group | 752 | 31,486 | |
ZTO Express, Inc. sponsored ADR | 1,725 | 36,208 | |
123,592 | |||
Building Products - 1.3% | |||
ASSA ABLOY AB (B Shares) | 1,243 | 32,842 | |
Kingspan Group PLC (Ireland) | 315 | 28,188 | |
Simpson Manufacturing Co. Ltd. | 195 | 33,909 | |
The AZEK Co., Inc. (a) | 1,102 | 50,295 | |
Trex Co., Inc. (a) | 522 | 46,223 | |
191,457 | |||
Commercial Services & Supplies - 1.5% | |||
Casella Waste Systems, Inc. Class A (a) | 471 | 42,578 | |
Cintas Corp. | 87 | 57,276 | |
Copart, Inc. | 1,214 | 65,932 | |
GFL Environmental, Inc. | 625 | 19,944 | |
Waste Connections, Inc. (Canada) | 135 | 21,888 | |
207,618 | |||
Construction & Engineering - 0.2% | |||
Larsen & Toubro Ltd. | 646 | 27,761 | |
Electrical Equipment - 1.6% | |||
AMETEK, Inc. | 292 | 51,001 | |
Eaton Corp. PLC | 265 | 84,339 | |
GE Vernova LLC | 140 | 21,519 | |
Generac Holdings, Inc. (a) | 316 | 42,963 | |
Nidec Corp. | 724 | 33,907 | |
233,729 | |||
Ground Transportation - 0.6% | |||
Localiza Rent a Car SA | 2,415 | 22,803 | |
Old Dominion Freight Lines, Inc. | 206 | 37,432 | |
Vamos Locacao de Caminhoes Maquinas e Equipamentos SA | 13,622 | 18,652 | |
78,887 | |||
Industrial Conglomerates - 0.4% | |||
Honeywell International, Inc. | 291 | 56,084 | |
Machinery - 2.0% | |||
Atlas Copco AB (A Shares) | 2,381 | 41,706 | |
Fortive Corp. | 573 | 43,130 | |
Indutrade AB | 1,261 | 29,544 | |
Minebea Mitsumi, Inc. | 1,199 | 22,458 | |
Miura Co. Ltd. | 820 | 12,901 | |
Rational AG | 33 | 28,315 | |
Shenzhen Inovance Technology Co. Ltd. (A Shares) | 3,307 | 27,121 | |
SMC Corp. | 48 | 25,218 | |
Spirax-Sarco Engineering PLC | 231 | 25,531 | |
VAT Group AG (b) | 53 | 26,677 | |
282,601 | |||
Marine Transportation - 0.2% | |||
SITC International Holdings Co. Ltd. | 15,027 | 32,587 | |
Passenger Airlines - 0.2% | |||
Ryanair Holdings PLC sponsored ADR | 221 | 30,100 | |
Professional Services - 2.8% | |||
BayCurrent Consulting, Inc. | 987 | 21,010 | |
Centre Testing International Group Co. Ltd. (A Shares) | 4,438 | 7,678 | |
Dayforce, Inc. (a) | 605 | 37,129 | |
Equifax, Inc. | 204 | 44,919 | |
Experian PLC | 915 | 36,906 | |
Funai Soken Holdings, Inc. | 1,334 | 20,182 | |
Headhunter Group PLC ADR (a)(c) | 622 | 7,962 | |
Recruit Holdings Co. Ltd. | 936 | 40,311 | |
RELX PLC (London Stock Exchange) | 972 | 39,936 | |
Thomson Reuters Corp. | 235 | 35,495 | |
TriNet Group, Inc. | 301 | 30,211 | |
Verisk Analytics, Inc. | 201 | 43,810 | |
Wolters Kluwer NV | 217 | 32,595 | |
398,144 | |||
Trading Companies & Distributors - 1.5% | |||
AddTech AB (B Shares) | 979 | 20,681 | |
Ashtead Group PLC | 500 | 36,499 | |
Azelis Group NV | 826 | 19,957 | |
Ferguson PLC | 292 | 61,291 | |
IMCD NV | 158 | 23,986 | |
Watsco, Inc. | 108 | 48,354 | |
210,768 | |||
Transportation Infrastructure - 0.4% | |||
Athens International Airport SA | 3,235 | 28,689 | |
International Container Terminal Services, Inc. | 5,594 | 32,021 | |
60,710 | |||
TOTAL INDUSTRIALS | 2,201,799 | ||
INFORMATION TECHNOLOGY - 21.9% | |||
Communications Equipment - 0.4% | |||
Arista Networks, Inc. (a) | 202 | 51,825 | |
Electronic Equipment, Instruments & Components - 1.7% | |||
Amphenol Corp. Class A | 540 | 65,216 | |
Azbil Corp. | 666 | 18,601 | |
CDW Corp. | 230 | 55,628 | |
Keyence Corp. | 88 | 38,700 | |
Lagercrantz Group AB (B Shares) | 2,284 | 33,969 | |
Murata Manufacturing Co. Ltd. | 1,494 | 27,299 | |
239,413 | |||
IT Services - 1.8% | |||
Cloudflare, Inc. (a) | 630 | 55,062 | |
Kainos Group PLC | 1,700 | 20,839 | |
Nagarro SE (a) | 231 | 17,614 | |
SHIFT, Inc. (a) | 109 | 10,027 | |
Shopify, Inc. Class A (a) | 364 | 25,553 | |
Softcat PLC | 1,104 | 21,644 | |
Tata Consultancy Services Ltd. | 872 | 39,787 | |
Twilio, Inc. Class A (a) | 535 | 32,036 | |
VeriSign, Inc. (a) | 198 | 33,557 | |
256,119 | |||
Semiconductors & Semiconductor Equipment - 7.5% | |||
Advantest Corp. | 692 | 21,660 | |
ASM International NV (Netherlands) | 58 | 36,841 | |
ASML Holding NV (Netherlands) | 111 | 98,641 | |
BE Semiconductor Industries NV | 189 | 25,313 | |
Disco Corp. | 98 | 27,915 | |
eMemory Technology, Inc. | 516 | 34,620 | |
Monolithic Power Systems, Inc. | 91 | 60,909 | |
NVIDIA Corp. | 557 | 481,259 | |
Silicon Laboratories, Inc. (a) | 339 | 41,185 | |
Taiwan Semiconductor Manufacturing Co. Ltd. | 6,528 | 156,027 | |
Teradyne, Inc. | 369 | 42,922 | |
Tokyo Electron Ltd. | 200 | 43,869 | |
1,071,161 | |||
Software - 10.1% | |||
Adobe, Inc. (a) | 150 | 69,425 | |
ANSYS, Inc. (a) | 124 | 40,285 | |
Atlassian Corp. PLC (a) | 149 | 25,673 | |
ATOSS Software AG | 90 | 24,204 | |
Bill Holdings, Inc. (a) | 662 | 41,282 | |
Confluent, Inc. (a) | 1,109 | 31,185 | |
Constellation Software, Inc. | 17 | 43,768 | |
Constellation Software, Inc. warrants 3/31/40 (a)(c) | 17 | 0 | |
Dassault Systemes SA | 787 | 30,891 | |
Fortnox AB | 3,520 | 20,883 | |
HubSpot, Inc. (a) | 101 | 61,092 | |
Lumine Group, Inc. (a) | 1,386 | 37,966 | |
Microsoft Corp. | 1,569 | 610,856 | |
Money Forward, Inc. (a) | 614 | 21,380 | |
Procore Technologies, Inc. (a) | 607 | 41,531 | |
Salesforce, Inc. | 379 | 101,928 | |
SAP SE | 341 | 61,573 | |
ServiceNow, Inc. (a) | 90 | 62,400 | |
Synopsys, Inc. (a) | 102 | 54,120 | |
Topicus.Com, Inc. | 259 | 21,107 | |
Workday, Inc. Class A (a) | 185 | 45,275 | |
1,446,824 | |||
Technology Hardware, Storage & Peripherals - 0.4% | |||
Seagate Technology Holdings PLC | 614 | 52,749 | |
TOTAL INFORMATION TECHNOLOGY | 3,118,091 | ||
MATERIALS - 4.2% | |||
Chemicals - 2.5% | |||
Air Products & Chemicals, Inc. | 229 | 54,122 | |
Ecolab, Inc. | 229 | 51,788 | |
Givaudan SA | 8 | 34,341 | |
Linde PLC | 163 | 71,876 | |
Shin-Etsu Chemical Co. Ltd. | 1,120 | 43,354 | |
Sika AG | 124 | 35,517 | |
Solar Industries India Ltd. | 455 | 48,777 | |
Symrise AG | 185 | 19,881 | |
359,656 | |||
Construction Materials - 0.9% | |||
Martin Marietta Materials, Inc. | 116 | 68,100 | |
Vulcan Materials Co. | 240 | 61,831 | |
129,931 | |||
Metals & Mining - 0.8% | |||
Freeport-McMoRan, Inc. | 1,160 | 57,930 | |
Press Metal Aluminium Holdings | 28,872 | 32,455 | |
Ternium SA sponsored ADR | 583 | 24,544 | |
114,929 | |||
TOTAL MATERIALS | 604,516 | ||
REAL ESTATE - 4.1% | |||
Equity Real Estate Investment Trusts (REITs) - 2.7% | |||
American Tower Corp. | 262 | 44,949 | |
Big Yellow Group PLC | 1,993 | 26,896 | |
Embassy Office Parks (REIT) | 6,240 | 26,677 | |
Equinix, Inc. | 65 | 46,222 | |
Equity Lifestyle Properties, Inc. | 537 | 32,376 | |
Extra Space Storage, Inc. | 322 | 43,238 | |
National Storage REIT unit | 15,992 | 22,052 | |
Prologis, Inc. | 494 | 50,413 | |
Safestore Holdings PLC | 2,266 | 21,902 | |
Segro PLC | 1,591 | 16,859 | |
Sun Communities, Inc. | 258 | 28,721 | |
Warehouses de Pauw | 822 | 21,878 | |
Warehouses de Pauw rights (a)(d) | 822 | 983 | |
383,166 | |||
Real Estate Management & Development - 1.4% | |||
Ayala Land, Inc. | 36,338 | 18,029 | |
CBRE Group, Inc. (a) | 470 | 40,838 | |
Colliers International Group, Inc. | 176 | 18,328 | |
CoStar Group, Inc. (a) | 506 | 46,314 | |
Grainger Trust PLC | 6,723 | 21,548 | |
Katitas Co. Ltd. | 1,802 | 21,710 | |
Oberoi Realty Ltd. | 1,813 | 32,156 | |
198,923 | |||
TOTAL REAL ESTATE | 582,089 | ||
UTILITIES - 0.4% | |||
Electric Utilities - 0.4% | |||
Constellation Energy Corp. | 316 | 58,757 | |
TOTAL COMMON STOCKS (Cost $10,551,068) | 13,939,405 | ||
Nonconvertible Preferred Stocks - 0.1% | |||
Shares | Value ($) | ||
INDUSTRIALS - 0.1% | |||
Passenger Airlines - 0.1% | |||
Azul SA (a) (Cost $24,344) | 9,633 | 18,088 | |
Money Market Funds - 2.2% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (e) (Cost $309,521) | 309,460 | 309,521 | |
TOTAL INVESTMENT IN SECURITIES - 100.2% (Cost $10,884,933) | 14,267,014 |
NET OTHER ASSETS (LIABILITIES) - (0.2)% | (22,944) |
NET ASSETS - 100.0% | 14,244,070 |
(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 $78,725 or 0.6% of net assets. |
(c) | Level 3 security |
(d) | Security or a portion of the security purchased on a delayed delivery or when-issued basis. |
(e) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 160,448 | 1,635,355 | 1,486,282 | 7,325 | - | - | 309,521 | 0.0% |
Total | 160,448 | 1,635,355 | 1,486,282 | 7,325 | - | - | 309,521 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 1,206,976 | 1,036,696 | 170,280 | - |
Consumer Discretionary | 2,240,536 | 1,755,152 | 485,384 | - |
Consumer Staples | 721,839 | 600,586 | 121,253 | - |
Energy | 255,563 | 211,274 | 44,289 | - |
Financials | 1,620,054 | 1,486,585 | 133,469 | - |
Health Care | 1,329,185 | 1,059,194 | 269,991 | - |
Industrials | 2,219,887 | 1,653,166 | 558,759 | 7,962 |
Information Technology | 3,118,091 | 2,585,742 | 532,349 | - |
Materials | 604,516 | 479,930 | 124,586 | - |
Real Estate | 582,089 | 461,465 | 120,624 | - |
Utilities | 58,757 | 58,757 | - | - |
Money Market Funds | 309,521 | 309,521 | - | - |
Total Investments in Securities: | 14,267,014 | 11,698,068 | 2,560,984 | 7,962 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $10,575,412) | $ | 13,957,493 | ||
Fidelity Central Funds (cost $309,521) | 309,521 | |||
Total Investment in Securities (cost $10,884,933) | $ | 14,267,014 | ||
Cash | 24,768 | |||
Foreign currency held at value (cost $1,115) | 1,113 | |||
Receivable for fund shares sold | 148 | |||
Dividends receivable | 17,327 | |||
Distributions receivable from Fidelity Central Funds | 1,699 | |||
Prepaid expenses | 4 | |||
Receivable from investment adviser for expense reductions | 578 | |||
Total assets | 14,312,651 | |||
Liabilities | ||||
Payable for investments purchased on a delayed delivery basis | $ | 983 | ||
Payable for fund shares redeemed | 28,132 | |||
Accrued management fee | 6,355 | |||
Deferred taxes | 12,114 | |||
Audit fee payable | 19,192 | |||
Other payables and accrued expenses | 1,805 | |||
Total liabilities | 68,581 | |||
Net Assets | $ | 14,244,070 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 11,851,132 | ||
Total accumulated earnings (loss) | 2,392,938 | |||
Net Assets | $ | 14,244,070 | ||
Net Asset Value, offering price and redemption price per share ($14,244,070 ÷ 964,802 shares) | $ | 14.76 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 74,382 | ||
Income from Fidelity Central Funds | 7,325 | |||
Income before foreign taxes withheld | $ | 81,707 | ||
Less foreign taxes withheld | (4,486) | |||
Total income | 77,221 | |||
Expenses | ||||
Management fee | ||||
Basic fee | $ | 42,789 | ||
Performance adjustment | (15,094) | |||
Transfer agent fees | 9,231 | |||
Accounting fees and expenses | 1,543 | |||
Custodian fees and expenses | 2,119 | |||
Independent trustees' fees and expenses | 32 | |||
Registration fees | 5,566 | |||
Audit | 31,338 | |||
Legal | 9 | |||
Miscellaneous | 24 | |||
Total expenses before reductions | 77,557 | |||
Expense reductions | (13,590) | |||
Total expenses after reductions | 63,967 | |||
Net Investment income (loss) | 13,254 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $1,072) | 82,228 | |||
Foreign currency transactions | (188) | |||
Total net realized gain (loss) | 82,040 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of increase in deferred foreign taxes of $8,291) | 2,497,640 | |||
Assets and liabilities in foreign currencies | (181) | |||
Total change in net unrealized appreciation (depreciation) | 2,497,459 | |||
Net gain (loss) | 2,579,499 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,592,753 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 13,254 | $ | 29,376 |
Net realized gain (loss) | 82,040 | (24,988) | ||
Change in net unrealized appreciation (depreciation) | 2,497,459 | 1,077,041 | ||
Net increase (decrease) in net assets resulting from operations | 2,592,753 | 1,081,429 | ||
Distributions to shareholders | (40,077) | - | ||
Share transactions | ||||
Proceeds from sales of shares | 2,154,995 | 1,803,511 | ||
Reinvestment of distributions | 37,070 | - | ||
Cost of shares redeemed | (1,634,274) | (2,959,519) | ||
Net increase (decrease) in net assets resulting from share transactions | 557,791 | (1,156,008) | ||
Total increase (decrease) in net assets | 3,110,467 | (74,579) | ||
Net Assets | ||||
Beginning of period | 11,133,603 | 11,208,182 | ||
End of period | $ | 14,244,070 | $ | 11,133,603 |
Other Information | ||||
Shares | ||||
Sold | 151,997 | 142,807 | ||
Issued in reinvestment of distributions | 2,733 | - | ||
Redeemed | (115,209) | (242,007) | ||
Net increase (decrease) | 39,521 | (99,200) | ||
Fidelity® Enduring Opportunities Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 A | ||||||
Selected Per-Share Data | ||||||||||
Net asset value, beginning of period | $ | 12.03 | $ | 10.94 | $ | 16.69 | $ | 11.91 | $ | 10.00 |
Income from Investment Operations | ||||||||||
Net investment income (loss) B,C | .01 | .03 | .01 | (.04) | (.01) | |||||
Net realized and unrealized gain (loss) | 2.76 | 1.06 | (5.32) | 4.82 | 1.93 | |||||
Total from investment operations | 2.77 | 1.09 | (5.31) | 4.78 | 1.92 | |||||
Distributions from net investment income | (.04) | - | (.03) | - | - D | |||||
Distributions from net realized gain | - | - | (.41) | - | - | |||||
Distributions from tax return of capital | - | - | - | - | (.01) | |||||
Total distributions | (.04) | - | (.44) | - | (.01) | |||||
Net asset value, end of period | $ | 14.76 | $ | 12.03 | $ | 10.94 | $ | 16.69 | $ | 11.91 |
Total Return E,F | 23.08 % | 9.96% | (32.65)% | 40.13% | 19.22% | |||||
Ratios to Average Net Assets C,G,H | ||||||||||
Expenses before reductions | 1.14% I | 1.51% | 1.41% | 1.70% | 2.63% I | |||||
Expenses net of fee waivers, if any | .94 % I | .94% | .98% | 1.08% | 1.10% I | |||||
Expenses net of all reductions | .94% I | .94% | .98% | 1.08% | 1.09% I | |||||
Net investment income (loss) | .19% I | .25% | .05% | (.25)% | (.10)% I | |||||
Supplemental Data | ||||||||||
Net assets, end of period (000 omitted) | $ | 14,244 | $ | 11,134 | $ | 11,208 | $ | 21,492 | $ | 10,055 |
Portfolio turnover rate J | 20 % I | 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 | $4,227,012 |
Gross unrealized depreciation | (847,311) |
Net unrealized appreciation (depreciation) | $3,379,701 |
Tax cost | $10,887,313 |
Short-term | $(472,242) |
Long-term | (556,513) |
Total capital loss carryforward | $(1,028,754) |
Purchases ($) | Sales ($) | |
Fidelity Enduring Opportunities Fund | 1,653,543 | 1,290,514 |
Maximum Management Fee Rate % | |
Fidelity Enduring Opportunities Fund | 0.77 |
Total Management Fee Rate % | |
Fidelity Enduring Opportunities Fund | .73 |
Performance Adjustment Index | |
Fidelity Enduring Opportunities Fund | MSCI ACWI (All Country World Index) Index |
% of Average Net Assets | |
Fidelity Enduring Opportunities Fund | .0354 |
% of Average Net Assets | |
Fidelity Enduring Opportunities Fund | .04 |
Amount($) | |
Fidelity Enduring Opportunities Fund | 9 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Enduring Opportunities Fund | 105,053 | 17,798 | (4,700) |
Amount ($) | |
Fidelity Enduring Opportunities Fund | 12 |
Fund | Affiliated % |
Fidelity Enduring Opportunities Fund | 20% |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Enduring Opportunities Fund | .94% | |||||||||
Actual | $ 1,000 | $ 1,230.80 | $ 5.21 | |||||||
Hypothetical-B | $ 1,000 | $ 1,020.19 | $ 4.72 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 5.2 | |
ASML Holding NV (Netherlands) (Netherlands, Semiconductors & Semiconductor Equipment) | 4.2 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 3.4 | |
Itochu Corp. (Japan, Trading Companies & Distributors) | 3.2 | |
Sony Group Corp. (Japan, Household Durables) | 3.2 | |
Taiwan Semiconductor Manufacturing Co. Ltd. (Taiwan, Semiconductors & Semiconductor Equipment) | 2.9 | |
ORIX Corp. (Japan, Financial Services) | 2.8 | |
CRH PLC (United States of America, Construction Materials) | 2.5 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.4 | |
Schneider Electric SA (United States of America, Electrical Equipment) | 2.3 | |
32.1 | ||
Market Sectors (% of Fund's net assets) | ||
Financials | 23.4 | |
Industrials | 16.6 | |
Health Care | 13.3 | |
Information Technology | 13.2 | |
Consumer Discretionary | 11.6 | |
Materials | 5.8 | |
Consumer Staples | 5.1 | |
Utilities | 3.7 | |
Communication Services | 2.1 | |
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 - 96.1% | |||
Shares | Value ($) | ||
Australia - 1.5% | |||
Brambles Ltd. | 10,484 | 98,630 | |
Macquarie Group Ltd. | 3,375 | 404,117 | |
TOTAL AUSTRALIA | 502,747 | ||
Austria - 1.0% | |||
Wienerberger AG | 9,668 | 346,262 | |
Belgium - 1.9% | |||
KBC Group NV | 2,932 | 218,719 | |
UCB SA | 3,177 | 422,286 | |
TOTAL BELGIUM | 641,005 | ||
Canada - 0.2% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 1,345 | 74,546 | |
China - 0.3% | |||
Chervon Holdings Ltd. | 46,185 | 112,163 | |
Denmark - 6.9% | |||
Carlsberg A/S Series B | 3,668 | 493,393 | |
Novo Nordisk A/S Series B | 13,813 | 1,771,412 | |
Vestas Wind Systems A/S (a) | 4,004 | 107,936 | |
TOTAL DENMARK | 2,372,741 | ||
France - 10.8% | |||
Air Liquide SA | 1,988 | 388,810 | |
Amundi SA (b) | 5,726 | 401,784 | |
AXA SA | 21,320 | 738,098 | |
BNP Paribas SA | 7,351 | 528,992 | |
EssilorLuxottica SA | 1,381 | 295,940 | |
L'Oreal SA | 1,218 | 571,479 | |
LVMH Moet Hennessy Louis Vuitton SE | 934 | 767,222 | |
TOTAL FRANCE | 3,692,325 | ||
Germany - 6.4% | |||
adidas AG | 877 | 211,896 | |
DHL Group | 6,278 | 262,859 | |
Gerresheimer AG | 735 | 79,224 | |
Instone Real Estate Group BV (b) | 24,351 | 225,311 | |
Merck KGaA | 3,332 | 529,653 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 926 | 407,347 | |
SAP SE | 1,502 | 271,212 | |
Siemens AG | 1,072 | 200,822 | |
TOTAL GERMANY | 2,188,324 | ||
Hong Kong - 1.7% | |||
AIA Group Ltd. | 78,797 | 577,137 | |
India - 0.9% | |||
HDFC Bank Ltd. sponsored ADR | 5,314 | 306,086 | |
Ireland - 1.9% | |||
Dalata Hotel Group PLC | 65,985 | 297,169 | |
Kingspan Group PLC (Ireland) | 3,935 | 352,122 | |
TOTAL IRELAND | 649,291 | ||
Italy - 3.2% | |||
Prysmian SpA | 7,182 | 392,276 | |
UniCredit SpA | 18,975 | 696,465 | |
TOTAL ITALY | 1,088,741 | ||
Japan - 20.7% | |||
Eisai Co. Ltd. | 2,373 | 97,457 | |
Fuji Electric Co. Ltd. | 3,550 | 220,824 | |
Hitachi Ltd. | 12,487 | 1,152,059 | |
Hoya Corp. | 4,856 | 563,004 | |
Itochu Corp. | 24,630 | 1,111,177 | |
Net One Systems Co. Ltd. | 21,946 | 367,214 | |
ORIX Corp. | 46,455 | 950,721 | |
Renesas Electronics Corp. | 18,024 | 292,633 | |
Sony Group Corp. | 13,245 | 1,094,717 | |
Sumitomo Mitsui Financial Group, Inc. | 9,983 | 567,072 | |
Tokio Marine Holdings, Inc. | 6,827 | 215,777 | |
Tokyo Electron Ltd. | 2,105 | 461,723 | |
TOTAL JAPAN | 7,094,378 | ||
Korea (South) - 1.0% | |||
Samsung Electronics Co. Ltd. | 3,492 | 193,565 | |
SK Hynix, Inc. | 1,326 | 163,178 | |
TOTAL KOREA (SOUTH) | 356,743 | ||
Netherlands - 9.5% | |||
ASML Holding NV (Netherlands) | 1,637 | 1,454,732 | |
BE Semiconductor Industries NV | 1,252 | 167,685 | |
ING Groep NV (Certificaten Van Aandelen) | 32,390 | 512,095 | |
Koninklijke KPN NV | 195,110 | 709,055 | |
Wolters Kluwer NV | 2,662 | 399,855 | |
TOTAL NETHERLANDS | 3,243,422 | ||
New Zealand - 1.0% | |||
Contact Energy Ltd. | 67,659 | 345,427 | |
Norway - 0.0% | |||
Schibsted ASA (A Shares) | 231 | 6,609 | |
Singapore - 0.9% | |||
United Overseas Bank Ltd. | 13,209 | 293,118 | |
Spain - 1.5% | |||
CaixaBank SA | 29,921 | 157,790 | |
EDP Renovaveis SA | 955 | 13,117 | |
Iberdrola SA | 24,348 | 298,545 | |
Puig Group SL Class B | 1,300 | 33,990 | |
TOTAL SPAIN | 503,442 | ||
Sweden - 0.7% | |||
Investor AB (B Shares) | 6,501 | 160,661 | |
Lagercrantz Group AB (B Shares) | 5,503 | 81,843 | |
TOTAL SWEDEN | 242,504 | ||
Switzerland - 0.8% | |||
Compagnie Financiere Richemont SA Series A | 1,860 | 257,102 | |
Taiwan - 2.9% | |||
Taiwan Semiconductor Manufacturing Co. Ltd. | 41,769 | 998,329 | |
United Kingdom - 12.4% | |||
3i Group PLC | 8,237 | 294,287 | |
AstraZeneca PLC (United Kingdom) | 5,444 | 823,399 | |
Beazley PLC | 12,531 | 103,813 | |
Bellway PLC | 12,004 | 379,490 | |
Berkeley Group Holdings PLC | 6,729 | 396,364 | |
Big Yellow Group PLC | 5,082 | 68,582 | |
Compass Group PLC | 16,884 | 469,607 | |
Diageo PLC | 7,907 | 273,263 | |
Direct Line Insurance Group PLC | 84,081 | 195,208 | |
Grainger Trust PLC | 41,629 | 133,425 | |
London Stock Exchange Group PLC | 1,494 | 164,699 | |
National Grid PLC | 21,060 | 276,247 | |
RELX PLC (London Stock Exchange) | 3,596 | 147,748 | |
Renewi PLC (a) | 9,781 | 68,809 | |
Sage Group PLC | 7,313 | 106,549 | |
SSE PLC | 17,162 | 356,736 | |
TOTAL UNITED KINGDOM | 4,258,226 | ||
United States of America - 8.0% | |||
CRH PLC | 10,909 | 850,050 | |
Ferguson PLC | 1,757 | 372,350 | |
Linde PLC | 959 | 422,881 | |
Nestle SA (Reg. S) | 2,973 | 298,490 | |
Schneider Electric SA | 3,507 | 799,643 | |
TOTAL UNITED STATES OF AMERICA | 2,743,414 | ||
TOTAL COMMON STOCKS (Cost $30,599,003) | 32,894,082 | ||
Money Market Funds - 4.3% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (c) (Cost $1,480,022) | 1,479,726 | 1,480,022 | |
TOTAL INVESTMENT IN SECURITIES - 100.4% (Cost $32,079,025) | 34,374,104 |
NET OTHER ASSETS (LIABILITIES) - (0.4)% | (123,804) |
NET ASSETS - 100.0% | 34,250,300 |
(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 $627,095 or 1.8% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 712,258 | 10,049,092 | 9,281,316 | 30,537 | (12) | - | 1,480,022 | 0.0% |
Total | 712,258 | 10,049,092 | 9,281,316 | 30,537 | (12) | - | 1,480,022 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 715,664 | 6,609 | 709,055 | - |
Consumer Discretionary | 3,985,730 | 1,284,919 | 2,700,811 | - |
Consumer Staples | 1,745,161 | 646,025 | 1,099,136 | - |
Financials | 7,893,986 | 2,531,716 | 5,362,270 | - |
Health Care | 4,582,375 | 1,327,103 | 3,255,272 | - |
Industrials | 5,687,110 | 1,693,348 | 3,993,762 | - |
Information Technology | 4,558,663 | 1,810,809 | 2,747,854 | - |
Materials | 2,008,003 | 1,619,193 | 388,810 | - |
Real Estate | 427,318 | 427,318 | - | - |
Utilities | 1,290,072 | 13,117 | 1,276,955 | - |
Money Market Funds | 1,480,022 | 1,480,022 | - | - |
Total Investments in Securities: | 34,374,104 | 12,840,179 | 21,533,925 | - |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value - See accompanying schedule: | ||||
Unaffiliated issuers (cost $30,599,003) | $ | 32,894,082 | ||
Fidelity Central Funds (cost $1,480,022) | 1,480,022 | |||
Total Investment in Securities (cost $32,079,025) | $ | 34,374,104 | ||
Cash | 28,986 | |||
Foreign currency held at value (cost $26,330) | 26,249 | |||
Receivable for fund shares sold | 242,640 | |||
Dividends receivable | 196,279 | |||
Distributions receivable from Fidelity Central Funds | 6,673 | |||
Prepaid expenses | 2 | |||
Receivable from investment adviser for expense reductions | 6,372 | |||
Other receivables | 2 | |||
Total assets | 34,881,307 | |||
Liabilities | ||||
Payable for investments purchased | $ | 462,357 | ||
Payable for fund shares redeemed | 84,534 | |||
Accrued management fee | 17,482 | |||
Custody fee payable | 41,722 | |||
Other payables and accrued expenses | 24,912 | |||
Total liabilities | 631,007 | |||
Net Assets | $ | 34,250,300 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 32,070,742 | ||
Total accumulated earnings (loss) | 2,179,558 | |||
Net Assets | $ | 34,250,300 | ||
Net Asset Value, offering price and redemption price per share ($34,250,300 ÷ 3,301,742 shares) | $ | 10.37 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 380,939 | ||
Income from Fidelity Central Funds | 30,537 | |||
Income before foreign taxes withheld | $ | 411,476 | ||
Less foreign taxes withheld | (41,218) | |||
Total income | 370,258 | |||
Expenses | ||||
Management fee | $ | 75,008 | ||
Custodian fees and expenses | 34,183 | |||
Independent trustees' fees and expenses | 40 | |||
Registration fees | 20,701 | |||
Audit | 26,794 | |||
Legal | 8 | |||
Miscellaneous | 23 | |||
Total expenses before reductions | 156,757 | |||
Expense reductions | (72,786) | |||
Total expenses after reductions | 83,971 | |||
Net Investment income (loss) | 286,287 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | (131,241) | |||
Fidelity Central Funds | (12) | |||
Foreign currency transactions | 4,297 | |||
Total net realized gain (loss) | (126,956) | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers | 2,631,043 | |||
Assets and liabilities in foreign currencies | (2,737) | |||
Total change in net unrealized appreciation (depreciation) | 2,628,306 | |||
Net gain (loss) | 2,501,350 | |||
Net increase (decrease) in net assets resulting from operations | $ | 2,787,637 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 286,287 | $ | 85,246 |
Net realized gain (loss) | (126,956) | (148,535) | ||
Change in net unrealized appreciation (depreciation) | 2,628,306 | (15,876) | ||
Net increase (decrease) in net assets resulting from operations | 2,787,637 | (79,165) | ||
Distributions to shareholders | (117,788) | (17,379) | ||
Share transactions | ||||
Proceeds from sales of shares | 23,179,101 | 8,192,591 | ||
Reinvestment of distributions | 98,381 | 16,766 | ||
Cost of shares redeemed | (1,401,988) | (593,538) | ||
Net increase (decrease) in net assets resulting from share transactions | 21,875,494 | 7,615,819 | ||
Total increase (decrease) in net assets | 24,545,343 | 7,519,275 | ||
Net Assets | ||||
Beginning of period | 9,704,957 | 2,185,682 | ||
End of period | $ | 34,250,300 | $ | 9,704,957 |
Other Information | ||||
Shares | ||||
Sold | 2,330,324 | 892,144 | ||
Issued in reinvestment of distributions | 10,323 | 1,851 | ||
Redeemed | (139,734) | (64,420) | ||
Net increase (decrease) | 2,200,913 | 829,575 | ||
Fidelity SAI Sustainable International Equity Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 A | ||||
Selected Per-Share Data | ||||||
Net asset value, beginning of period | $ | 8.82 | $ | 8.06 | $ | 10.00 |
Income from Investment Operations | ||||||
Net investment income (loss) B,C | .13 | .17 | .08 | |||
Net realized and unrealized gain (loss) | 1.49 | .65 D | (2.02) | |||
Total from investment operations | 1.62 | .82 | (1.94) | |||
Distributions from net investment income | (.07) | (.06) | - | |||
Total distributions | (.07) | (.06) | - | |||
Net asset value, end of period | $ | 10.37 | $ | 8.82 | $ | 8.06 |
Total Return E,F | 18.46 % | 10.12% | (19.40)% | |||
Ratios to Average Net Assets C,G,H | ||||||
Expenses before reductions | 1.38% I | 3.13% | 5.78% I,J | |||
Expenses net of fee waivers, if any | .74 % I | .75% | .75% I | |||
Expenses net of all reductions | .74% I | .73% | .68% I | |||
Net investment income (loss) | 2.52% I | 1.84% | 1.79% I | |||
Supplemental Data | ||||||
Net assets, end of period (000 omitted) | $ | 34,250 | $ | 9,705 | $ | 2,186 |
Portfolio turnover rate K | 65 % I | 27% | 51% 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 | $2,985,082 |
Gross unrealized depreciation | (772,568) |
Net unrealized appreciation (depreciation) | $2,212,514 |
Tax cost | $32,161,590 |
Short-term | $(157,729) |
Long-term | (42,315) |
Total capital loss carryforward | $(200,044) |
Purchases ($) | Sales ($) | |
Fidelity SAI Sustainable International Equity Fund | 28,313,203 | 7,046,827 |
Amount ($) | |
Fidelity SAI Sustainable International Equity Fund | 3 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity SAI Sustainable International Equity Fund | 1,943,707 | 315,888 | (6,588) |
Amount ($) | |
Fidelity SAI Sustainable International 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 (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® SAI Sustainable International Equity Fund | .74% | |||||||||
Actual | $ 1,000 | $ 1,184.60 | $ 4.02 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.18 | $ 3.72 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Contents
Top Holdings (% of Fund's net assets) | ||
ASML Holding NV (depository receipt) (Netherlands, Semiconductors & Semiconductor Equipment) | 3.7 | |
Novo Nordisk A/S Series B (Denmark, Pharmaceuticals) | 3.3 | |
Hitachi Ltd. (Japan, Industrial Conglomerates) | 2.3 | |
AstraZeneca PLC (United Kingdom) (United Kingdom, Pharmaceuticals) | 2.2 | |
LVMH Moet Hennessy Louis Vuitton SE (France, Textiles, Apparel & Luxury Goods) | 2.1 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR (Taiwan, Semiconductors & Semiconductor Equipment) | 1.9 | |
SAP SE (Germany, Software) | 1.7 | |
RELX PLC (Euronext N.V.) (United Kingdom, Professional Services) | 1.6 | |
Shin-Etsu Chemical Co. Ltd. (Japan, Chemicals) | 1.6 | |
Wolters Kluwer NV (Netherlands, Professional Services) | 1.5 | |
21.9 | ||
Market Sectors (% of Fund's net assets) | ||
Industrials | 21.9 | |
Financials | 21.0 | |
Information Technology | 17.2 | |
Health Care | 10.6 | |
Consumer Discretionary | 8.8 | |
Materials | 7.6 | |
Energy | 5.6 | |
Consumer Staples | 3.8 | |
Communication Services | 0.5 | |
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 - 96.8% | |||
Shares | Value ($) | ||
Australia - 0.6% | |||
Aristocrat Leisure Ltd. | 665,609 | 16,986,332 | |
CAR Group Ltd. | 253,234 | 5,491,004 | |
Steadfast Group Ltd. | 1,707,067 | 6,212,736 | |
TOTAL AUSTRALIA | 28,690,072 | ||
Belgium - 0.4% | |||
UCB SA | 142,623 | 18,957,415 | |
Canada - 6.9% | |||
Alimentation Couche-Tard, Inc. Class A (multi-vtg.) | 845,087 | 46,838,440 | |
Cameco Corp. | 485,335 | 22,143,531 | |
Canadian Natural Resources Ltd. | 701,290 | 53,142,464 | |
Canadian Pacific Kansas City Ltd. (a) | 262,269 | 20,569,758 | |
Constellation Software, Inc. | 17,847 | 45,948,328 | |
Constellation Software, Inc. warrants 3/31/40 (b)(c) | 23,796 | 2 | |
Franco-Nevada Corp. | 249,158 | 29,993,436 | |
Imperial Oil Ltd. | 434,683 | 29,886,134 | |
Ivanhoe Mines Ltd. (a)(b) | 2,273,271 | 30,813,378 | |
Lumine Group, Inc. (b) | 66,074 | 1,809,938 | |
MEG Energy Corp. (b) | 654,116 | 14,876,964 | |
Thomson Reuters Corp. | 134,084 | 20,252,124 | |
TOTAL CANADA | 316,274,497 | ||
China - 1.1% | |||
Chervon Holdings Ltd. | 1,386,768 | 3,367,852 | |
Li Ning Co. Ltd. | 2,204,388 | 5,770,799 | |
NXP Semiconductors NV | 157,821 | 40,432,162 | |
TOTAL CHINA | 49,570,813 | ||
Denmark - 4.2% | |||
Carlsberg A/S Series B | 150,213 | 20,205,581 | |
DSV A/S | 63,404 | 9,052,141 | |
Novo Nordisk A/S Series B | 1,182,823 | 151,687,954 | |
Pandora A/S | 79,267 | 12,130,100 | |
TOTAL DENMARK | 193,075,776 | ||
France - 10.1% | |||
Air Liquide SA | 229,781 | 44,940,250 | |
Airbus Group NV | 193,663 | 31,868,750 | |
ALTEN | 31,141 | 3,678,968 | |
AXA SA | 1,013,033 | 35,071,170 | |
BNP Paribas SA | 459,030 | 33,032,650 | |
Capgemini SA | 238,825 | 50,196,494 | |
EssilorLuxottica SA | 232,081 | 49,733,510 | |
Legrand SA | 204,788 | 21,045,364 | |
LVMH Moet Hennessy Louis Vuitton SE | 118,677 | 97,485,600 | |
Pernod Ricard SA | 172,871 | 26,197,286 | |
Safran SA | 201,048 | 43,593,644 | |
Sartorius Stedim Biotech | 47,486 | 10,287,443 | |
Thales SA | 78,273 | 13,194,029 | |
TOTAL FRANCE | 460,325,158 | ||
Germany - 7.6% | |||
Allianz SE | 226,100 | 64,163,763 | |
Deutsche Borse AG | 132,856 | 25,613,573 | |
DHL Group | 497,775 | 20,841,806 | |
Hannover Reuck SE | 130,474 | 32,359,807 | |
Infineon Technologies AG | 697,847 | 24,217,402 | |
Merck KGaA | 222,735 | 35,405,831 | |
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 83,514 | 36,737,795 | |
Rheinmetall AG | 2,358 | 1,301,512 | |
SAP SE | 423,100 | 76,397,918 | |
Siemens AG | 75,675 | 14,176,468 | |
Siemens Healthineers AG (d) | 248,911 | 13,803,969 | |
TOTAL GERMANY | 345,019,844 | ||
Greece - 0.1% | |||
Piraeus Financial Holdings SA (b) | 1,645,138 | 6,590,343 | |
Hong Kong - 0.8% | |||
AIA Group Ltd. | 4,968,111 | 36,388,224 | |
India - 2.2% | |||
Axis Bank Ltd. | 1,195,509 | 16,682,283 | |
Fairfax India Holdings Corp. (b)(d) | 586,271 | 8,688,536 | |
HDFC Bank Ltd. | 2,493,851 | 45,276,925 | |
Reliance Industries Ltd. | 896,211 | 31,451,878 | |
TOTAL INDIA | 102,099,622 | ||
Indonesia - 1.0% | |||
PT Bank Central Asia Tbk | 40,826,669 | 24,548,448 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 65,231,321 | 19,745,754 | |
TOTAL INDONESIA | 44,294,202 | ||
Ireland - 0.7% | |||
Kingspan Group PLC (Ireland) | 322,525 | 28,861,059 | |
Smurfit Kappa Group PLC | 111,308 | 4,840,607 | |
TOTAL IRELAND | 33,701,666 | ||
Italy - 2.1% | |||
FinecoBank SpA | 1,541,755 | 23,759,012 | |
Ryanair Holdings PLC sponsored ADR | 105,307 | 14,342,813 | |
UniCredit SpA | 1,551,194 | 56,935,588 | |
TOTAL ITALY | 95,037,413 | ||
Japan - 17.4% | |||
BayCurrent Consulting, Inc. | 336,672 | 7,166,793 | |
Capcom Co. Ltd. | 470,830 | 7,751,011 | |
Fast Retailing Co. Ltd. | 96,156 | 25,141,820 | |
Fuji Electric Co. Ltd. | 388,332 | 24,155,778 | |
FUJIFILM Holdings Corp. | 1,494,081 | 31,782,820 | |
Fujitsu Ltd. | 1,026,099 | 15,851,335 | |
Hitachi Ltd. | 1,145,220 | 105,658,794 | |
Hoya Corp. | 498,351 | 57,778,728 | |
Itochu Corp. | 1,118,640 | 50,467,189 | |
Keyence Corp. | 98,195 | 43,183,201 | |
Komatsu Ltd. | 82,300 | 2,457,161 | |
Marui Group Co. Ltd. | 388,852 | 5,939,276 | |
Minebea Mitsumi, Inc. | 730,635 | 13,685,053 | |
Mitsubishi Electric Corp. | 1,407,385 | 24,530,617 | |
Mitsubishi Heavy Industries Ltd. | 3,611,008 | 32,286,445 | |
ORIX Corp. | 1,532,463 | 31,362,493 | |
Persol Holdings Co. Ltd. | 3,899,618 | 5,394,379 | |
Renesas Electronics Corp. | 1,780,159 | 28,902,220 | |
Shin-Etsu Chemical Co. Ltd. | 1,863,077 | 72,117,736 | |
SMC Corp. | 42,158 | 22,148,408 | |
Sony Group Corp. | 439,768 | 36,347,427 | |
Sumitomo Mitsui Financial Group, Inc. | 427,119 | 24,261,988 | |
Suzuki Motor Corp. | 1,767,124 | 20,579,547 | |
Tokio Marine Holdings, Inc. | 1,680,500 | 53,114,548 | |
Tokyo Electron Ltd. | 226,852 | 49,759,060 | |
TOTAL JAPAN | 791,823,827 | ||
Korea (South) - 0.6% | |||
Samsung Electronics Co. Ltd. | 514,019 | 28,492,600 | |
Luxembourg - 0.1% | |||
CVC Capital Partners PLC | 146,800 | 2,663,304 | |
Netherlands - 6.2% | |||
ASML Holding NV (depository receipt) | 193,919 | 169,188,510 | |
BE Semiconductor Industries NV | 148,856 | 19,936,820 | |
IMCD NV | 179,924 | 27,314,119 | |
Wolters Kluwer NV | 448,125 | 67,312,140 | |
TOTAL NETHERLANDS | 283,751,589 | ||
Portugal - 0.3% | |||
Galp Energia SGPS SA Class B | 534,902 | 11,531,118 | |
Spain - 2.3% | |||
Banco Santander SA (Spain) (a) | 8,808,485 | 42,988,099 | |
CaixaBank SA | 6,222,122 | 32,812,728 | |
Industria de Diseno Textil SA (a) | 574,418 | 26,267,860 | |
Puig Group SL Class B | 171,700 | 4,489,337 | |
TOTAL SPAIN | 106,558,024 | ||
Sweden - 3.0% | |||
Atlas Copco AB (A Shares) | 1,664,751 | 29,159,925 | |
Autoliv, Inc. | 104,756 | 12,548,721 | |
Indutrade AB | 1,788,607 | 41,905,768 | |
Investor AB (B Shares) | 2,060,201 | 50,914,281 | |
Kry International AB (b)(c)(e) | 663 | 20,187 | |
TOTAL SWEDEN | 134,548,882 | ||
Switzerland - 2.9% | |||
Alcon, Inc. (Switzerland) | 202,014 | 15,624,907 | |
Compagnie Financiere Richemont SA Series A | 234,836 | 32,460,683 | |
Galderma Group AG | 139,104 | 10,365,650 | |
Partners Group Holding AG | 11,841 | 15,322,132 | |
Sika AG | 117,707 | 33,714,716 | |
UBS Group AG | 973,056 | 25,690,584 | |
TOTAL SWITZERLAND | 133,178,672 | ||
Taiwan - 2.0% | |||
ECLAT Textile Co. Ltd. | 293,000 | 4,601,907 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 618,769 | 84,981,734 | |
TOTAL TAIWAN | 89,583,641 | ||
United Kingdom - 12.5% | |||
3i Group PLC | 874,703 | 31,250,909 | |
Ashtead Group PLC | 149,419 | 10,907,394 | |
AstraZeneca PLC (United Kingdom) | 658,601 | 99,612,711 | |
B&M European Value Retail SA | 3,504,519 | 22,727,382 | |
BAE Systems PLC | 3,765,637 | 62,630,889 | |
Big Yellow Group PLC | 537,631 | 7,255,406 | |
Compass Group PLC | 1,291,939 | 35,933,639 | |
Diageo PLC | 1,234,195 | 42,653,382 | |
Flutter Entertainment PLC (b) | 93,510 | 17,439,179 | |
Games Workshop Group PLC | 73,413 | 9,090,762 | |
InterContinental Hotel Group PLC | 144,046 | 14,049,385 | |
London Stock Exchange Group PLC | 531,914 | 58,638,257 | |
RELX PLC (Euronext N.V.) | 1,795,276 | 74,146,048 | |
Rolls-Royce Holdings PLC (b) | 3,486,246 | 17,877,558 | |
RS GROUP PLC | 1,931,688 | 17,789,269 | |
Sage Group PLC | 1,939,941 | 28,264,461 | |
Starling Bank Ltd. Series D (b)(c)(e) | 2,406,800 | 9,052,325 | |
WPP PLC | 1,134,975 | 11,376,041 | |
TOTAL UNITED KINGDOM | 570,694,997 | ||
United States of America - 11.7% | |||
CRH PLC | 565,470 | 44,062,518 | |
Experian PLC | 507,770 | 20,480,367 | |
Ferguson PLC | 266,901 | 56,562,642 | |
GSK PLC | 650,626 | 13,498,485 | |
Holcim AG | 212,607 | 17,796,860 | |
ICON PLC (b) | 16,771 | 4,995,745 | |
Linde PLC | 141,432 | 62,365,855 | |
Marsh & McLennan Companies, Inc. | 215,299 | 42,937,080 | |
Marvell Technology, Inc. | 511,205 | 33,693,522 | |
MasterCard, Inc. Class A | 78,057 | 35,219,318 | |
Nestle SA (Reg. S) | 367,462 | 36,893,258 | |
S&P Global, Inc. | 67,334 | 27,999,497 | |
Schlumberger Ltd. | 647,912 | 30,762,862 | |
Schneider Electric SA | 211,576 | 48,242,143 | |
Shell PLC (London) | 1,552,853 | 55,201,778 | |
TOTAL UNITED STATES OF AMERICA | 530,711,930 | ||
TOTAL COMMON STOCKS (Cost $3,217,929,949) | 4,413,563,629 | ||
Preferred Stocks - 0.4% | |||
Shares | Value ($) | ||
Convertible Preferred Stocks - 0.4% | |||
Estonia - 0.1% | |||
Bolt Technology OU Series E (b)(c)(e) | 21,668 | 2,660,889 | |
United States of America - 0.3% | |||
Wasabi Holdings, Inc.: | |||
Series C (b)(c)(e) | 743,562 | 9,785,276 | |
Series D (b)(c)(e) | 304,085 | 4,880,564 | |
14,665,840 | |||
TOTAL CONVERTIBLE PREFERRED STOCKS | 17,326,729 | ||
Nonconvertible Preferred Stocks - 0.0% | |||
Sweden - 0.0% | |||
Kry International AB Series E (b)(c)(e) | 3,828 | 158,548 | |
TOTAL PREFERRED STOCKS (Cost $19,777,817) | 17,485,277 | ||
Money Market Funds - 4.4% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.39% (f) | 116,541,305 | 116,564,613 | |
Fidelity Securities Lending Cash Central Fund 5.39% (f)(g) | 82,350,303 | 82,358,538 | |
TOTAL MONEY MARKET FUNDS (Cost $198,922,529) | 198,923,151 | ||
TOTAL INVESTMENT IN SECURITIES - 101.6% (Cost $3,436,630,295) | 4,629,972,057 |
NET OTHER ASSETS (LIABILITIES) - (1.6)% | (73,047,483) |
NET ASSETS - 100.0% | 4,556,924,574 |
(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 $22,492,505 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 $26,557,789 or 0.6% of net assets. |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Additional information on each restricted holding is as follows: | ||
Security | Acquisition Date | Acquisition Cost ($) |
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 ($) | % ownership, end of period |
Fidelity Cash Central Fund 5.39% | 177,740,739 | 405,756,829 | 466,932,131 | 5,248,044 | (824) | - | 116,564,613 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.39% | 18,664,424 | 301,200,350 | 237,506,236 | 82,815 | - | - | 82,358,538 | 0.3% |
Total | 196,405,163 | 706,957,179 | 704,438,367 | 5,330,859 | (824) | - | 198,923,151 | |
Valuation Inputs at Reporting Date: | ||||
Description | Total ($) | Level 1 ($) | Level 2 ($) | Level 3 ($) |
Investments in Securities: | ||||
Equities: | ||||
Communication Services | 24,618,056 | - | 24,618,056 | - |
Consumer Discretionary | 392,928,995 | 100,204,004 | 292,724,991 | - |
Consumer Staples | 177,277,284 | 73,035,726 | 104,241,558 | - |
Energy | 248,996,729 | 162,343,073 | 86,653,656 | - |
Financials | 961,973,426 | 380,350,615 | 572,570,486 | 9,052,325 |
Health Care | 481,752,348 | 145,370,501 | 336,381,847 | - |
Industrials | 1,001,378,347 | 403,510,816 | 597,867,531 | - |
Information Technology | 794,222,959 | 427,934,443 | 348,783,050 | 17,505,466 |
Materials | 340,645,356 | 205,790,510 | 134,854,846 | - |
Real Estate | 7,255,406 | 7,255,406 | - | - |
Money Market Funds | 198,923,151 | 198,923,151 | - | - |
Total Investments in Securities: | 4,629,972,057 | 2,104,718,245 | 2,498,696,021 | 26,557,791 |
Statement of Assets and Liabilities | ||||
April 30, 2024 (Unaudited) | ||||
Assets | ||||
Investment in securities, at value (including securities loaned of $73,859,602) - See accompanying schedule: | ||||
Unaffiliated issuers (cost $3,237,707,766) | $ | 4,431,048,906 | ||
Fidelity Central Funds (cost $198,922,529) | 198,923,151 | |||
Total Investment in Securities (cost $3,436,630,295) | $ | 4,629,972,057 | ||
Foreign currency held at value (cost $1,283,234) | 1,283,234 | |||
Receivable for investments sold | 2,566,078 | |||
Receivable for fund shares sold | 3,246,591 | |||
Dividends receivable | 13,261,344 | |||
Reclaims receivable | 9,790,501 | |||
Distributions receivable from Fidelity Central Funds | 603,865 | |||
Other receivables | 122,577 | |||
Total assets | 4,660,846,247 | |||
Liabilities | ||||
Payable for investments purchased | $ | 15,365,082 | ||
Payable for fund shares redeemed | 2,162,260 | |||
Accrued management fee | 2,343,124 | |||
Other payables and accrued expenses | 1,692,669 | |||
Collateral on securities loaned | 82,358,538 | |||
Total liabilities | 103,921,673 | |||
Net Assets | $ | 4,556,924,574 | ||
Net Assets consist of: | ||||
Paid in capital | $ | 3,659,692,601 | ||
Total accumulated earnings (loss) | 897,231,973 | |||
Net Assets | $ | 4,556,924,574 | ||
Net Asset Value, offering price and redemption price per share ($4,556,924,574 ÷ 322,801,567 shares) | $ | 14.12 |
Statement of Operations | ||||
Six months ended April 30, 2024 (Unaudited) | ||||
Investment Income | ||||
Dividends | $ | 46,222,243 | ||
Income from Fidelity Central Funds (including $82,815 from security lending) | 5,330,859 | |||
Income before foreign taxes withheld | $ | 51,553,102 | ||
Less foreign taxes withheld | (4,569,606) | |||
Total income | 46,983,496 | |||
Expenses | ||||
Management fee | $ | 13,643,086 | ||
Independent trustees' fees and expenses | 11,136 | |||
Total expenses before reductions | 13,654,222 | |||
Expense reductions | (797) | |||
Total expenses after reductions | 13,653,425 | |||
Net Investment income (loss) | 33,330,071 | |||
Realized and Unrealized Gain (Loss) | ||||
Net realized gain (loss) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of foreign taxes of $751,467) | (44,974,421) | |||
Redemptions in-kind | 57,811,254 | |||
Fidelity Central Funds | (824) | |||
Foreign currency transactions | (235,386) | |||
Total net realized gain (loss) | 12,600,623 | |||
Change in net unrealized appreciation (depreciation) on: | ||||
Investment Securities: | ||||
Unaffiliated issuers (net of decrease in deferred foreign taxes of $27,219) | 690,901,155 | |||
Assets and liabilities in foreign currencies | (97,029) | |||
Total change in net unrealized appreciation (depreciation) | 690,804,126 | |||
Net gain (loss) | 703,404,749 | |||
Net increase (decrease) in net assets resulting from operations | $ | 736,734,820 |
Statement of Changes in Net Assets | ||||
Six months ended April 30, 2024 (Unaudited) | Year ended October 31, 2023 | |||
Increase (Decrease) in Net Assets | ||||
Operations | ||||
Net investment income (loss) | $ | 33,330,071 | $ | 65,516,017 |
Net realized gain (loss) | 12,600,623 | (29,780,194) | ||
Change in net unrealized appreciation (depreciation) | 690,804,126 | 395,410,511 | ||
Net increase (decrease) in net assets resulting from operations | 736,734,820 | 431,146,334 | ||
Distributions to shareholders | (69,972,907) | (31,800,731) | ||
Share transactions | ||||
Proceeds from sales of shares | 514,016,519 | 1,065,259,894 | ||
Reinvestment of distributions | 69,972,898 | 31,800,731 | ||
Cost of shares redeemed | (685,434,309) | (988,215,923) | ||
Net increase (decrease) in net assets resulting from share transactions | (101,444,892) | 108,844,702 | ||
Total increase (decrease) in net assets | 565,317,021 | 508,190,305 | ||
Net Assets | ||||
Beginning of period | 3,991,607,553 | 3,483,417,248 | ||
End of period | $ | 4,556,924,574 | $ | 3,991,607,553 |
Other Information | ||||
Shares | ||||
Sold | 37,602,196 | 84,964,159 | ||
Issued in reinvestment of distributions | 5,378,392 | 2,652,271 | ||
Redeemed | (49,892,959) | (77,852,831) | ||
Net increase (decrease) | (6,912,371) | 9,763,599 | ||
Fidelity® Diversified International K6 Fund |
Six months ended (Unaudited) April 30, 2024 | Years ended October 31, 2023 | 2022 | 2021 | 2020 | 2019 | |||||||
Selected Per-Share Data | ||||||||||||
Net asset value, beginning of period | $ | 12.11 | $ | 10.89 | $ | 15.45 | $ | 11.96 | $ | 11.08 | $ | 9.69 |
Income from Investment Operations | ||||||||||||
Net investment income (loss) A,B | .10 | .20 | .15 | .10 | .08 | .16 | ||||||
Net realized and unrealized gain (loss) | 2.12 | 1.12 | (4.56) | 3.47 | .98 | 1.36 | ||||||
Total from investment operations | 2.22 | 1.32 | (4.41) | 3.57 | 1.06 | 1.52 | ||||||
Distributions from net investment income | (.21) | (.10) | (.15) | (.08) | (.15) | (.13) | ||||||
Distributions from net realized gain | - | - | - | - | (.03) | - | ||||||
Total distributions | (.21) | (.10) | (.15) | (.08) | (.18) | (.13) | ||||||
Net asset value, end of period | $ | 14.12 | $ | 12.11 | $ | 10.89 | $ | 15.45 | $ | 11.96 | $ | 11.08 |
Total Return C,D | 18.49 % | 12.12% | (28.81)% | 30.00% | 9.70% | 15.89% | ||||||
Ratios to Average Net Assets B,E,F | ||||||||||||
Expenses before reductions | .60% G | .60% | .60% | .60% | .60% | .60% | ||||||
Expenses net of fee waivers, if any | .60 % G | .60% | .60% | .60% | .60% | .60% | ||||||
Expenses net of all reductions | .60% G | .60% | .60% | .60% | .59% | .59% | ||||||
Net investment income (loss) | 1.47% G | 1.57% | 1.21% | .73% | .73% | 1.59% | ||||||
Supplemental Data | ||||||||||||
Net assets, end of period (000 omitted) | $ | 4,556,925 | $ | 3,991,608 | $ | 3,483,417 | $ | 3,961,936 | $ | 3,102,294 | $ | 2,977,388 |
Portfolio turnover rate H | 41 % G,I | 25% I | 31% I | 30% I | 34% I | 48% 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 | $1,272,237,474 |
Gross unrealized depreciation | (82,115,534) |
Net unrealized appreciation (depreciation) | $1,190,121,940 |
Tax cost | $3,439,850,117 |
Short-term | $(309,317,588) |
Long-term | (19,435,058) |
Total capital loss carryforward | $(328,752,646) |
Purchases ($) | Sales ($) | |
Fidelity Diversified International K6 Fund | 906,938,141 | 881,821,348 |
Shares | Total net realized gain or loss ($) | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 11,523,901 | 57,811,254 | 155,413,531 |
Shares | Total Proceeds ($) | |
Fidelity Diversified International K6 Fund | 4,900,825 | 64,963,792 |
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 ($) | |
Fidelity Diversified International K6 Fund | 26,855,137 | 332,235,591 |
Amount ($) | |
Fidelity Diversified International K6 Fund | 477 |
Purchases ($) | Sales ($) | Realized Gain (Loss)($) | |
Fidelity Diversified International K6 Fund | 8,647,101 | 29,990,001 | (4,940,201) |
Total Security Lending Fees Paid to NFS ($) | Security Lending Income From Securities Loaned to NFS ($) | Value of Securities Loaned to NFS at Period End ($) | |
Fidelity Diversified International K6 Fund | 9,084 | - | - |
The Example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period (November 1, 2023 to April 30, 2024). |
Annualized Expense Ratio- A | Beginning Account Value November 1, 2023 | Ending Account Value April 30, 2024 | Expenses Paid During Period- C November 1, 2023 to April 30, 2024 | |||||||
Fidelity® Diversified International K6 Fund | .60% | |||||||||
Actual | $ 1,000 | $ 1,184.90 | $ 3.26 | |||||||
Hypothetical-B | $ 1,000 | $ 1,021.88 | $ 3.02 | |||||||
- Highly liquid investments - cash or convertible to cash within three business days or less
- Moderately liquid investments - convertible to cash in three to seven calendar days
- Less liquid investments - can be sold or disposed of, but not settled, within seven calendar days
- Illiquid investments - cannot be sold or disposed of within seven calendar days
Item 2.
Code of Ethics
Not applicable.
Item 3.
Audit Committee Financial Expert
Not applicable.
Item 4.
Principal Accountant Fees and Services
Not applicable.
Item 5.
Audit Committee of Listed Registrants
Not applicable.
Item 6.
Investments
(a)
Not applicable.
(b)
Not applicable
Item 7.
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies
Not applicable.
Item 8.
Portfolio Managers of Closed-End Management Investment Companies
Not applicable.
Item 9.
Purchase of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers
Not applicable.
Item 10.
Submission of Matters to a Vote of Security Holders
There were no material changes to the procedures by which shareholders may recommend nominees to the Fidelity Investment Trust’s Board of Trustees.
Item 11.
Controls and Procedures
(a)(i) The President and Treasurer and the Chief Financial Officer have concluded that the Fidelity Investment Trust’s (the “Trust”) disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act) provide reasonable
assurances that material information relating to the Trust is made known to them by the appropriate persons, based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this report.
(a)(ii) There was no change in the Trust’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Trust’s internal control over financial reporting.
Item 12.
Disclosure of Securities Lending Activities for Closed-End Management
Investment Companies
Not applicable.
Item 18.
Recovery of Erroneously Awarded Compensation
(a)
Not applicable.
(b)
Not applicable.
Item 19.
Exhibits
(a) | (1) | Not applicable. |
(a) | (2) | |
(a) | (3) | Not applicable. |
(b) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Fidelity Investment Trust
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | June 21, 2024 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: | /s/Stacie M. Smith |
Stacie M. Smith | |
President and Treasurer (Principal Executive Officer) | |
Date: | June 21, 2024 |
By: | /s/John J. Burke III |
John J. Burke III | |
Chief Financial Officer (Principal Financial Officer) | |
Date: | June 21, 2024 |