Quarterly Holdings Report
for
Fidelity® International Small Cap Fund
July 31, 2023
ISC-NPRT3-0923
1.804839.119
Common Stocks - 96.1% | |||
Shares | Value ($) | ||
Australia - 3.6% | |||
EBOS Group Ltd. | 618,595 | 14,811,271 | |
Flight Centre Travel Group Ltd. (a)(b) | 1,241,931 | 19,495,372 | |
GUD Holdings Ltd. | 2,849,195 | 19,080,629 | |
Imdex Ltd. | 12,747,570 | 16,782,584 | |
Inghams Group Ltd. | 13,945,540 | 26,228,214 | |
Nanosonics Ltd. (a) | 4,720,837 | 14,998,765 | |
National Storage REIT unit | 8,738,696 | 13,617,895 | |
Servcorp Ltd. (c) | 7,066,585 | 14,002,544 | |
SomnoMed Ltd. (a)(c) | 4,189,521 | 2,574,903 | |
TOTAL AUSTRALIA | 141,592,177 | ||
Austria - 1.7% | |||
Mayr-Melnhof Karton AG (b) | 205,012 | 31,287,004 | |
Strabag SE | 229,279 | 9,629,924 | |
Wienerberger AG | 808,900 | 26,521,477 | |
TOTAL AUSTRIA | 67,438,405 | ||
Belgium - 1.1% | |||
Econocom Group SA | 4,581,895 | 13,224,208 | |
Fagron NV | 1,586,600 | 28,225,471 | |
TOTAL BELGIUM | 41,449,679 | ||
Brazil - 2.2% | |||
Atacadao SA | 8,088,400 | 23,467,692 | |
Hypera SA | 4,143,400 | 37,905,046 | |
YDUQS Participacoes SA | 5,099,500 | 23,929,771 | |
TOTAL BRAZIL | 85,302,509 | ||
Canada - 4.6% | |||
CCL Industries, Inc. Class B | 338,600 | 16,233,490 | |
Computer Modelling Group Ltd. | 3,070,263 | 16,764,034 | |
ECN Capital Corp. | 4,620,800 | 9,180,978 | |
Genesis Land Development Corp. (c) | 4,033,799 | 6,393,387 | |
Lassonde Industries, Inc. Class A (sub. vtg.) | 219,999 | 20,642,685 | |
McCoy Global, Inc. (b) | 1,327,470 | 1,469,765 | |
North West Co., Inc. | 993,800 | 24,192,151 | |
Open Text Corp. | 668,096 | 28,696,741 | |
Parkland Corp. | 652,900 | 17,829,545 | |
Quebecor, Inc. Class A | 420,200 | 10,356,425 | |
Richelieu Hardware Ltd. | 303,400 | 10,128,289 | |
Total Energy Services, Inc. | 672,196 | 5,219,950 | |
VerticalScope Holdings, Inc. (a) | 677,619 | 2,235,349 | |
Western Forest Products, Inc. (c) | 16,765,775 | 13,095,778 | |
TOTAL CANADA | 182,438,567 | ||
China - 3.3% | |||
Best Pacific International Holdings Ltd. | 22,158,900 | 2,926,524 | |
Chervon Holdings Ltd. | 3,345,000 | 12,524,074 | |
Far East Horizon Ltd. | 24,099,000 | 18,076,799 | |
Impro Precision Industries Ltd. (d) | 21,362,300 | 7,340,902 | |
Precision Tsugami China Corp. Ltd. | 9,440,453 | 10,531,221 | |
Qingdao Port International Co. Ltd. (H Shares) (d) | 34,377,000 | 18,204,748 | |
Shenzhen YUTO Packaging Technology Co. Ltd. (A Shares) | 4,773,466 | 17,201,800 | |
Sinopharm Group Co. Ltd. (H Shares) | 6,564,000 | 20,578,517 | |
Weifu High-Technology Group Co. Ltd. (B Shares) | 7,079,886 | 9,531,960 | |
Xingda International Holdings Ltd. | 66,427,353 | 12,350,416 | |
TOTAL CHINA | 129,266,961 | ||
Denmark - 0.5% | |||
Spar Nord Bank A/S | 1,194,575 | 19,000,677 | |
Finland - 1.6% | |||
Huhtamaki Oyj | 749,500 | 26,625,871 | |
Nanoform Finland PLC (a) | 797,822 | 1,600,900 | |
Rovio Entertainment OYJ (d) | 2,534,169 | 25,661,996 | |
Tokmanni Group Corp. | 667,907 | 10,310,467 | |
TOTAL FINLAND | 64,199,234 | ||
France - 2.4% | |||
Altarea SCA (b) | 133,357 | 12,463,212 | |
Antin Infrastructure Partners SA | 373,955 | 6,714,300 | |
ARGAN SA | 242,000 | 18,279,627 | |
Elior SA (a)(b)(d) | 3,035,300 | 7,742,565 | |
Lectra | 361,754 | 11,514,820 | |
Maisons du Monde SA (d) | 1,033,507 | 10,840,693 | |
Thermador Groupe SA | 323,666 | 28,683,184 | |
TOTAL FRANCE | 96,238,401 | ||
Germany - 4.4% | |||
DWS Group GmbH & Co. KGaA (d) | 226,600 | 7,957,746 | |
JOST Werke AG (d) | 426,506 | 24,853,997 | |
NORMA Group AG | 623,692 | 10,992,562 | |
Rheinmetall AG | 172,725 | 48,883,127 | |
Stabilus Se | 316,900 | 18,066,176 | |
Takkt AG | 1,279,912 | 18,378,858 | |
Talanx AG | 712,867 | 43,657,508 | |
TOTAL GERMANY | 172,789,974 | ||
Greece - 1.2% | |||
Mytilineos SA | 1,178,216 | 49,045,680 | |
Hong Kong - 1.9% | |||
ASMPT Ltd. | 2,691,000 | 26,171,941 | |
China Metal Recycling (Holdings) Ltd. (a)(e) | 436,800 | 1 | |
HKT Trust/HKT Ltd. unit | 9,770,000 | 11,512,688 | |
Magnificent Hotel Investment Ltd. (a) | 316,412,000 | 4,543,993 | |
Pico Far East Holdings Ltd. | 61,300,071 | 10,689,725 | |
Sino Land Ltd. | 11,082,375 | 13,570,719 | |
WH Group Ltd. (d) | 14,230,500 | 7,766,865 | |
TOTAL HONG KONG | 74,255,932 | ||
Hungary - 0.9% | |||
Richter Gedeon PLC | 1,397,000 | 35,240,127 | |
India - 2.1% | |||
Embassy Office Parks (REIT) | 5,069,400 | 19,230,927 | |
IndusInd Bank Ltd. | 956,800 | 16,494,446 | |
Mahanagar Gas Ltd. | 1,575,600 | 21,425,018 | |
Shriram Transport Finance Co. Ltd. | 1,092,652 | 25,152,652 | |
TOTAL INDIA | 82,303,043 | ||
Indonesia - 0.7% | |||
PT Avia Avian Tbk | 203,834,400 | 8,380,459 | |
PT Selamat Sempurna Tbk | 147,354,400 | 19,543,024 | |
TOTAL INDONESIA | 27,923,483 | ||
Ireland - 1.8% | |||
AerCap Holdings NV (a) | 286,472 | 18,279,778 | |
Dalata Hotel Group PLC (a) | 4,560,609 | 21,336,228 | |
Irish Residential Properties REIT PLC | 15,083,700 | 16,053,823 | |
Mincon Group PLC (c) | 13,529,844 | 13,983,500 | |
TOTAL IRELAND | 69,653,329 | ||
Italy - 2.3% | |||
Banca Generali SpA | 565,700 | 21,197,322 | |
BFF Bank SpA (d) | 2,405,056 | 27,131,124 | |
MARR SpA (a) | 985,827 | 15,326,583 | |
Recordati SpA | 552,011 | 28,495,650 | |
TOTAL ITALY | 92,150,679 | ||
Japan - 19.5% | |||
Amano Corp. | 980,150 | 22,239,653 | |
Arcland Sakamoto Co. Ltd. | 1,940,034 | 22,323,380 | |
ASKUL Corp. | 1,561,100 | 21,759,824 | |
Bank of Kyoto Ltd. | 262,600 | 15,470,078 | |
Capcom Co. Ltd. | 595,900 | 26,807,437 | |
Central Automotive Products Ltd. | 425,700 | 10,697,484 | |
DaikyoNishikawa Corp. | 2,441,100 | 13,572,629 | |
Dexerials Corp. | 783,200 | 17,726,806 | |
Dip Corp. | 587,900 | 14,814,758 | |
Funai Soken Holdings, Inc. | 1,111,300 | 20,583,246 | |
GMO Internet, Inc. | 1,142,200 | 22,644,889 | |
Inaba Denki Sangyo Co. Ltd. | 1,225,400 | 27,175,602 | |
Isuzu Motors Ltd. | 1,623,900 | 21,025,718 | |
Justsystems Corp. | 420,200 | 11,944,532 | |
Kamigumi Co. Ltd. | 1,341,300 | 31,094,137 | |
Kansai Electric Power Co., Inc. | 1,995,800 | 26,233,761 | |
LIXIL Group Corp. (b) | 923,000 | 11,791,744 | |
Maruwa Ceramic Co. Ltd. | 157,000 | 26,033,318 | |
Meitec Corp. | 958,100 | 17,425,816 | |
Minebea Mitsumi, Inc. | 1,087,200 | 20,083,377 | |
Mitani Shoji Co. Ltd. | 1,042,800 | 10,130,036 | |
Nishimoto Co. Ltd. | 359,000 | 11,885,495 | |
NOF Corp. | 709,900 | 30,593,589 | |
NSD Co. Ltd. | 1,258,400 | 24,616,928 | |
PALTAC Corp. | 697,700 | 23,417,689 | |
Park24 Co. Ltd. (a) | 767,700 | 10,107,209 | |
Persol Holdings Co. Ltd. | 1,107,800 | 21,865,550 | |
Relo Group, Inc. | 1,325,000 | 18,273,293 | |
Renesas Electronics Corp. (a) | 2,989,700 | 57,682,791 | |
Roland Corp. | 726,500 | 20,682,002 | |
S Foods, Inc. | 1,137,623 | 26,788,297 | |
San-Ai Obbli Co. Ltd. | 1,799,200 | 20,437,263 | |
Ship Healthcare Holdings, Inc. | 1,454,200 | 23,545,845 | |
Sumco Corp. | 1,248,900 | 18,171,883 | |
TIS, Inc. | 679,300 | 17,203,936 | |
TKC Corp. | 301,500 | 7,830,756 | |
Tsuruha Holdings, Inc. | 314,200 | 24,106,372 | |
TOTAL JAPAN | 768,787,123 | ||
Korea (South) - 1.7% | |||
Hyundai Fire & Marine Insurance Co. Ltd. | 546,046 | 12,243,855 | |
Soulbrain Co. Ltd. | 158,300 | 33,760,722 | |
Vitzrocell Co. Ltd. (c) | 1,372,541 | 21,473,480 | |
TOTAL KOREA (SOUTH) | 67,478,057 | ||
Mexico - 4.2% | |||
Bolsa Mexicana de Valores S.A.B. de CV | 10,435,182 | 22,122,960 | |
GCC S.A.B. de CV | 2,930,800 | 28,473,129 | |
Genomma Lab Internacional SA de CV | 17,396,561 | 15,594,051 | |
Gruma S.A.B. de CV Series B | 2,317,600 | 41,574,242 | |
Grupo Comercial Chedraui S.A.B. de CV | 5,130,600 | 30,045,186 | |
Qualitas Controladora S.A.B. de CV | 3,581,235 | 26,355,067 | |
TOTAL MEXICO | 164,164,635 | ||
Netherlands - 1.2% | |||
Acomo NV | 874,199 | 19,800,345 | |
Arcadis NV | 406,750 | 17,844,143 | |
Van Lanschot Kempen NV (Bearer) | 283,041 | 9,273,867 | |
TOTAL NETHERLANDS | 46,918,355 | ||
Norway - 1.5% | |||
Europris ASA (d) | 4,400,523 | 26,702,598 | |
Selvaag Bolig ASA | 2,186,000 | 6,923,557 | |
Sparebanken Midt-Norge | 1,886,626 | 26,470,340 | |
TOTAL NORWAY | 60,096,495 | ||
Peru - 0.4% | |||
Intercorp Financial Services, Inc. | 683,100 | 16,763,274 | |
Philippines - 1.3% | |||
Century Pacific Food, Inc. | 59,549,800 | 28,191,821 | |
Robinsons Land Corp. | 77,489,300 | 21,164,230 | |
TOTAL PHILIPPINES | 49,356,051 | ||
Romania - 0.6% | |||
Banca Transilvania SA | 4,760,605 | 21,854,183 | |
Singapore - 1.8% | |||
Boustead Singapore Ltd. | 13,374,312 | 8,951,410 | |
HRnetgroup Ltd. | 29,178,700 | 16,018,388 | |
Mapletree Industrial (REIT) | 14,230,731 | 23,972,053 | |
The Hour Glass Ltd. | 12,996,880 | 20,329,769 | |
TOTAL SINGAPORE | 69,271,620 | ||
Spain - 3.6% | |||
Cie Automotive SA | 852,000 | 26,679,324 | |
Compania de Distribucion Integral Logista Holdings SA | 1,388,500 | 38,654,924 | |
Grupo Catalana Occidente SA | 731,085 | 24,436,370 | |
Indra Sistemas SA (b) | 1,941,877 | 28,225,940 | |
Prosegur Compania de Seguridad SA (Reg.) | 6,982,481 | 12,867,051 | |
Viscofan Envolturas Celulosicas SA | 178,900 | 11,605,332 | |
TOTAL SPAIN | 142,468,941 | ||
Sweden - 1.3% | |||
Granges AB | 1,987,476 | 20,296,936 | |
Haypp Group (a) | 1,154,900 | 5,485,731 | |
HEXPOL AB (B Shares) | 1,875,600 | 20,366,040 | |
Nordnet AB | 376,000 | 5,579,419 | |
TOTAL SWEDEN | 51,728,126 | ||
Switzerland - 0.6% | |||
Anhui Heli Co. Ltd. ELS (UBS AG London Branch Bank Warrant Programme) Class A warrants 1/5/24 (a)(d) | 8,014,256 | 24,369,910 | |
Taiwan - 3.2% | |||
International Games Systems Co. Ltd. | 2,037,000 | 39,658,293 | |
Lumax International Corp. Ltd. | 4,537,292 | 11,643,689 | |
Sporton International, Inc. | 1,966,977 | 15,024,391 | |
Test Research, Inc. | 7,892,000 | 15,289,716 | |
Tripod Technology Corp. | 4,536,000 | 24,346,821 | |
Yageo Corp. | 845,578 | 12,340,186 | |
Yung Chi Paint & Varnish Manufacturing Co. Ltd. | 2,538,000 | 6,085,848 | |
TOTAL TAIWAN | 124,388,944 | ||
Thailand - 0.5% | |||
Star Petroleum Refining PCL (For. Reg.) | 70,104,800 | 17,954,544 | |
United Kingdom - 15.6% | |||
Alliance Pharma PLC (b) | 18,161,527 | 11,886,874 | |
Ashtead Technology Holdings PLC (c) | 7,272,000 | 36,490,158 | |
B&M European Value Retail SA | 4,638,800 | 32,933,124 | |
Bodycote PLC | 1,967,871 | 17,476,233 | |
Cab Payments Holdings Ltd. | 2,731,400 | 10,060,332 | |
DCC PLC (United Kingdom) | 420,200 | 24,326,184 | |
Direct Line Insurance Group PLC | 8,403,700 | 16,225,865 | |
Grainger Trust PLC | 6,741,166 | 21,783,911 | |
Harbour Energy PLC | 4,471,994 | 15,294,791 | |
Hiscox Ltd. | 2,334,148 | 32,321,756 | |
Indivior PLC (a) | 656,500 | 14,769,363 | |
Informa PLC | 2,889,633 | 28,117,168 | |
J.D. Wetherspoon PLC (a) | 2,015,900 | 17,488,832 | |
Jet2 PLC | 1,762,100 | 25,418,035 | |
John Wood Group PLC (a) | 12,397,900 | 23,516,229 | |
Lancashire Holdings Ltd. | 2,100,900 | 16,096,254 | |
LSL Property Services PLC | 4,204,235 | 14,567,863 | |
Luxfer Holdings PLC sponsored | 1,079,659 | 13,668,483 | |
Mears Group PLC (c) | 7,653,314 | 26,862,843 | |
On The Beach Group PLC (a)(d) | 6,731,236 | 7,688,293 | |
Pets At Home Group PLC | 2,742,500 | 13,810,861 | |
Premier Foods PLC | 15,860,500 | 25,809,598 | |
Rathbone Brothers PLC | 596,400 | 13,777,019 | |
RS GROUP PLC | 2,280,653 | 22,964,269 | |
Sabre Insurance Group PLC (d) | 9,562,200 | 16,934,876 | |
Savills PLC | 1,552,000 | 19,399,735 | |
Tate & Lyle PLC | 3,343,443 | 32,030,879 | |
Ten Entertainment Group PLC (c) | 5,931,311 | 22,455,247 | |
Vistry Group PLC | 1,740,898 | 17,638,863 | |
WH Smith PLC | 1,159,600 | 22,218,418 | |
TOTAL UNITED KINGDOM | 614,032,356 | ||
United States of America - 2.8% | |||
Adient PLC (a) | 487,300 | 20,739,488 | |
Adtalem Global Education, Inc. (a) | 554,100 | 23,959,284 | |
Antero Resources Corp. (a) | 920,100 | 24,612,675 | |
RHI Magnesita NV (b) | 1,054,291 | 40,428,368 | |
TOTAL UNITED STATES OF AMERICA | 109,739,815 | ||
TOTAL COMMON STOCKS (Cost $3,439,925,158) | 3,779,661,286 | ||
Money Market Funds - 2.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.32% (f) | 61,424,413 | 61,436,698 | |
Fidelity Securities Lending Cash Central Fund 5.32% (f)(g) | 52,462,824 | 52,468,070 | |
TOTAL MONEY MARKET FUNDS (Cost $113,904,768) | 113,904,768 | ||
TOTAL INVESTMENT IN SECURITIES - 99.0% (Cost $3,553,829,926) | 3,893,566,054 |
NET OTHER ASSETS (LIABILITIES) - 1.0% | 38,627,221 |
NET ASSETS - 100.0% | 3,932,193,275 |
Security Type Abbreviations
ELS | - | EQUITY-LINKED SECURITY |
Legend
(a) | Non-income producing |
(b) | Security or a portion of the security is on loan at period end. |
(c) | Affiliated company |
(d) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $213,196,313 or 5.4% of net assets. |
(e) | Level 3 security |
(f) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
(g) | Investment made with cash collateral received from securities on loan. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | 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 5.32% | - | 414,463,081 | 353,026,383 | 1,552,491 | - | - | 61,436,698 | 0.2% |
Fidelity Securities Lending Cash Central Fund 5.32% | 28,602,852 | 232,067,635 | 208,202,417 | 204,846 | - | - | 52,468,070 | 0.2% |
Total | 28,602,852 | 646,530,716 | 561,228,800 | 1,757,337 | - | - | 113,904,768 | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
Amounts in the dividend income column for Fidelity Securities Lending Cash Central Fund represents the income earned on investing cash collateral, less rebates paid to borrowers and any lending agent fees associated with the loan, plus any premium payments received for lending certain types of securities.
Other Affiliated Issuers
An affiliated company is a company in which the Fund has ownership of at least 5% of the voting securities. Fiscal year to date transactions with companies which are or were affiliates are presented in the table below. Certain corporate actions, such as mergers, are excluded from the amounts in this table if applicable. A dash in the Value end of period ($) column means either the issuer is no longer held at period end, or the issuer is held at period end but is no longer an affiliate.
Affiliate | Value, beginning of period ($) | Purchases ($) | Sales Proceeds ($) | Dividend Income ($) | Realized Gain (loss) ($) | Change in Unrealized appreciation (depreciation) ($) | Value, end of period ($) |
Ashtead Technology Holdings PLC | 19,751,365 | 1,332,382 | - | 89,580 | - | 15,406,411 | 36,490,158 |
Genesis Land Development Corp. | 5,655,343 | - | - | 405,932 | - | 738,044 | 6,393,387 |
Mears Group PLC | 17,260,781 | - | 953,818 | 726,594 | (1,261,903) | 11,817,783 | 26,862,843 |
Mincon Group PLC | 13,237,160 | - | - | 184,176 | - | 746,340 | 13,983,500 |
Servcorp Ltd. | 15,413,681 | - | - | 477,383 | - | (1,411,137) | 14,002,544 |
SomnoMed Ltd. | 3,698,161 | - | - | - | - | (1,123,258) | 2,574,903 |
Ten Entertainment Group PLC | 14,590,349 | - | - | 515,232 | - | 7,864,898 | 22,455,247 |
Vitzrocell Co. Ltd. | 12,328,605 | - | 1,730,761 | 191,205 | 258,145 | 10,617,491 | 21,473,480 |
Western Forest Products, Inc. | 11,450,665 | 3,619,949 | 275,142 | 328,377 | (453,829) | (1,245,865) | 13,095,778 |
Total | 113,386,110 | 4,952,331 | 2,959,721 | 2,918,479 | (1,457,587) | 43,410,707 | 157,331,840 |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.
The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:
Level 1 - Unadjusted quoted prices in active markets for identical investments
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)
Level 3 - unobservable inputs (including the Fund's own assumptions based on the best information available)
Valuation techniques used to value investments by major category are as follows:
Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy.
Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.
For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.
The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.
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