Quarterly Holdings Report
for
Fidelity Series Select International Small Cap Fund
July 31, 2023
SSI-NPRT3-0923
1.9906202.100
Common Stocks - 97.3% | |||
Shares | Value ($) | ||
Australia - 8.1% | |||
29Metals Ltd. | 3,273 | 1,583 | |
ALS Ltd. | 890 | 7,018 | |
Ansell Ltd. | 270 | 4,378 | |
Aurizon Holdings Ltd. | 2,153 | 5,510 | |
Beach Energy Ltd. | 5,678 | 6,159 | |
carsales.com Ltd. | 409 | 6,830 | |
Challenger Ltd. | 953 | 4,590 | |
Flight Centre Travel Group Ltd. (a) | 592 | 9,293 | |
GUD Holdings Ltd. | 1,090 | 7,300 | |
IGO Ltd. | 259 | 2,401 | |
Incitec Pivot Ltd. | 2,876 | 5,834 | |
Iress Ltd. | 669 | 4,664 | |
McMillan Shakespeare Ltd. | 754 | 10,023 | |
National Storage REIT unit | 4,732 | 7,374 | |
Steadfast Group Ltd. | 2,580 | 10,103 | |
Treasury Wine Estates Ltd. | 809 | 6,113 | |
TOTAL AUSTRALIA | 99,173 | ||
Austria - 2.1% | |||
AT&S Austria Technologie & Systemtechnik AG | 197 | 7,442 | |
Schoeller-Bleckmann Oilfield Equipment AG | 97 | 5,866 | |
Wienerberger AG | 268 | 8,787 | |
Zumtobel AG | 440 | 3,846 | |
TOTAL AUSTRIA | 25,941 | ||
Bailiwick of Jersey - 0.5% | |||
JTC PLC (b) | 725 | 6,699 | |
Belgium - 1.6% | |||
Azelis Group NV | 277 | 7,157 | |
Econocom Group SA | 1,921 | 5,544 | |
Fagron NV | 406 | 7,223 | |
TOTAL BELGIUM | 19,924 | ||
Finland - 1.4% | |||
Huhtamaki Oyj | 173 | 6,146 | |
Musti Group OYJ | 206 | 4,041 | |
Rovio Entertainment OYJ (b) | 685 | 6,937 | |
TOTAL FINLAND | 17,124 | ||
France - 6.0% | |||
Altarea SCA | 44 | 4,112 | |
ALTEN | 48 | 6,914 | |
Euroapi SASU (a) | 303 | 3,535 | |
Exclusive Networks SA | 374 | 7,978 | |
Ipsos SA | 147 | 7,348 | |
Nexans SA | 55 | 4,880 | |
Rexel SA | 413 | 9,954 | |
SEB SA | 50 | 5,602 | |
Ubisoft Entertainment SA (a) | 150 | 5,047 | |
Vallourec SA (a) | 514 | 6,703 | |
Vicat SA | 127 | 4,315 | |
Virbac SA | 23 | 7,081 | |
TOTAL FRANCE | 73,469 | ||
Germany - 4.9% | |||
Bilfinger Berger AG | 151 | 5,469 | |
CTS Eventim AG | 108 | 7,368 | |
Gerresheimer AG | 60 | 7,105 | |
Lanxess AG | 140 | 4,713 | |
Mensch und Maschine Software SE | 82 | 4,860 | |
Patrizia Immobilien AG | 474 | 4,847 | |
PVA TePla AG (a) | 189 | 4,451 | |
SAF-Holland SA | 623 | 8,898 | |
Stabilus Se | 116 | 6,613 | |
Takkt AG | 400 | 5,744 | |
TOTAL GERMANY | 60,068 | ||
Hong Kong - 2.0% | |||
ASMPT Ltd. | 469 | 4,561 | |
Dah Sing Financial Holdings Ltd. | 1,207 | 2,978 | |
Fortune (REIT) | 4,496 | 3,246 | |
Hysan Development Co. Ltd. | 2,024 | 4,775 | |
Luk Fook Holdings International Ltd. | 2,386 | 6,287 | |
Melco International Development Ltd. (a) | 3,000 | 3,158 | |
TOTAL HONG KONG | 25,005 | ||
Ireland - 2.1% | |||
Bank of Ireland Group PLC | 675 | 7,122 | |
C&C Group PLC (United Kingdom) | 3,268 | 5,788 | |
Dalata Hotel Group PLC (a) | 1,560 | 7,298 | |
Uniphar PLC | 1,750 | 5,532 | |
TOTAL IRELAND | 25,740 | ||
Israel - 1.7% | |||
Bezeq The Israel Telecommunication Corp. Ltd. | 3,830 | 5,073 | |
Nova Ltd. (a) | 80 | 9,939 | |
Rami Levi Chain Stores Hashikma Marketing 2006 Ltd. | 93 | 5,615 | |
TOTAL ISRAEL | 20,627 | ||
Italy - 2.6% | |||
Banca Generali SpA | 257 | 9,630 | |
Banco BPM SpA | 1,100 | 5,501 | |
Brembo SpA | 574 | 8,122 | |
Carel Industries SpA (b) | 144 | 4,124 | |
GVS SpA (a)(b) | 739 | 4,692 | |
TOTAL ITALY | 32,069 | ||
Japan - 32.0% | |||
Aeon Delight Co. Ltd. | 230 | 4,760 | |
Anritsu Corp. | 441 | 3,469 | |
As One Corp. | 120 | 4,765 | |
ASKUL Corp. | 481 | 6,705 | |
Azbil Corp. | 196 | 6,172 | |
Bank of Kyoto Ltd. | 169 | 9,956 | |
Cosmos Pharmaceutical Corp. | 61 | 7,045 | |
Daido Steel Co. Ltd. | 150 | 6,416 | |
Daiichikosho Co. Ltd. | 626 | 12,626 | |
Daiwa Securities Living Invest | 8 | 6,405 | |
Dowa Holdings Co. Ltd. | 162 | 5,224 | |
FP Corp. | 241 | 5,072 | |
Fukushima Industries Corp. | 180 | 6,377 | |
Funai Soken Holdings, Inc. | 300 | 5,557 | |
Fuyo General Lease Co. Ltd. | 110 | 9,070 | |
GMO Internet, Inc. | 180 | 3,569 | |
Haseko Corp. | 568 | 7,388 | |
Inaba Denki Sangyo Co. Ltd. | 400 | 8,871 | |
J. Front Retailing Co. Ltd. | 642 | 6,241 | |
JTOWER, Inc. (a) | 135 | 6,880 | |
Kamigumi Co. Ltd. | 398 | 9,226 | |
Kaneka Corp. | 298 | 8,760 | |
Kawasaki Heavy Industries Ltd. | 290 | 7,383 | |
Kissei Pharmaceutical Co. Ltd. | 365 | 7,723 | |
Koshidaka Holdings Co. Ltd. | 900 | 7,478 | |
Kyoritsu Maintenance Co. Ltd. | 148 | 5,794 | |
Kyushu Railway Co. | 260 | 5,697 | |
Maruwa Ceramic Co. Ltd. | 52 | 8,623 | |
Milbon Co. Ltd. | 162 | 5,825 | |
Mitsubishi Logisnext Co. Ltd. | 900 | 8,079 | |
Miura Co. Ltd. | 250 | 6,295 | |
Money Forward, Inc. (a) | 100 | 4,318 | |
Morinaga & Co. Ltd. | 222 | 7,214 | |
Nabtesco Corp. | 291 | 6,157 | |
Nagaileben Co. Ltd. | 290 | 4,807 | |
Net One Systems Co. Ltd. | 238 | 5,221 | |
Nikkiso Co. Ltd. | 978 | 6,221 | |
Nippon Gas Co. Ltd. | 413 | 6,079 | |
Okinawa Cellular Telephone Co. | 299 | 6,316 | |
PALTAC Corp. | 182 | 6,109 | |
Park24 Co. Ltd. (a) | 416 | 5,477 | |
Penta-Ocean Construction Co. Ltd. | 908 | 4,923 | |
Relo Group, Inc. | 388 | 5,351 | |
Resonac Holdings Corp. | 325 | 5,310 | |
Roland Corp. | 186 | 5,295 | |
Sanwa Holdings Corp. | 568 | 7,714 | |
SHIFT, Inc. (a) | 29 | 6,849 | |
SOSiLA Logistics REIT, Inc. | 5 | 4,516 | |
Stanley Electric Co. Ltd. | 358 | 6,602 | |
Sumco Corp. | 459 | 6,679 | |
Suruga Bank Ltd. | 1,988 | 8,356 | |
Tokyo Tatemono Co. Ltd. | 433 | 5,775 | |
Toyo Gosei Co. Ltd. | 100 | 5,982 | |
Toyo Suisan Kaisha Ltd. | 170 | 7,037 | |
Tsumura & Co. | 219 | 4,072 | |
Tsuruha Holdings, Inc. | 69 | 5,294 | |
Valqua Ltd. | 348 | 9,503 | |
Workman Co. Ltd. | 183 | 6,676 | |
Yokogawa Electric Corp. | 348 | 6,523 | |
Zuken, Inc. | 290 | 8,439 | |
TOTAL JAPAN | 392,266 | ||
Netherlands - 1.1% | |||
Eurocommercial Properties NV | 342 | 8,649 | |
TKH Group NV (bearer) (depositary receipt) | 100 | 5,218 | |
TOTAL NETHERLANDS | 13,867 | ||
New Zealand - 0.8% | |||
Contact Energy Ltd. | 1,780 | 9,187 | |
Norway - 1.5% | |||
Schibsted ASA (A Shares) | 260 | 5,569 | |
Sparebanken Midt-Norge | 500 | 7,015 | |
TGS ASA | 389 | 5,185 | |
TOTAL NORWAY | 17,769 | ||
Singapore - 2.5% | |||
CDL Hospitality Trusts unit | 7,932 | 7,098 | |
Mapletree Industrial (REIT) | 3,685 | 6,207 | |
Sembcorp Industries Ltd. | 3,093 | 12,671 | |
Wing Tai Holdings Ltd. | 4,256 | 4,577 | |
TOTAL SINGAPORE | 30,553 | ||
Spain - 3.1% | |||
Applus Services SA | 792 | 8,499 | |
Bankinter SA | 1,287 | 8,318 | |
Cie Automotive SA | 179 | 5,605 | |
Compania de Distribucion Integral Logista Holdings SA | 317 | 8,825 | |
Fluidra SA | 320 | 7,079 | |
TOTAL SPAIN | 38,326 | ||
Sweden - 5.7% | |||
AAK AB | 510 | 9,797 | |
AddTech AB (B Shares) | 391 | 7,288 | |
Arjo AB | 1,090 | 4,660 | |
Avanza Bank Holding AB | 310 | 7,018 | |
Cloetta AB | 2,481 | 4,440 | |
Granges AB | 500 | 5,106 | |
Hemnet Group AB | 338 | 5,988 | |
HEXPOL AB (B Shares) | 715 | 7,764 | |
Loomis AB (B Shares) | 210 | 6,121 | |
Munters Group AB (b) | 905 | 11,486 | |
TOTAL SWEDEN | 69,668 | ||
Switzerland - 3.6% | |||
Bucher Industries AG | 16 | 7,119 | |
Lastminute.com NV (a) | 155 | 5,128 | |
OC Oerlikon Corp. AG (Reg.) | 793 | 4,305 | |
PSP Swiss Property AG | 57 | 6,719 | |
Sensirion Holding AG (a)(b) | 45 | 3,937 | |
Tecan Group AG | 18 | 7,150 | |
VZ Holding AG | 109 | 10,124 | |
TOTAL SWITZERLAND | 44,482 | ||
United Kingdom - 14.0% | |||
B&M European Value Retail SA | 1,466 | 10,408 | |
Britvic PLC | 699 | 7,751 | |
Close Brothers Group PLC | 531 | 6,263 | |
DCC PLC (United Kingdom) | 110 | 6,368 | |
Grainger Trust PLC | 2,272 | 7,342 | |
Harbour Energy PLC | 1,109 | 3,793 | |
Hill & Smith Holdings PLC | 342 | 6,926 | |
Inchcape PLC | 616 | 6,471 | |
Indivior PLC (a) | 200 | 4,499 | |
J.D. Wetherspoon PLC (a) | 707 | 6,134 | |
Jet2 PLC | 516 | 7,443 | |
Lancashire Holdings Ltd. | 1,514 | 11,600 | |
Mitie Group PLC | 7,896 | 10,316 | |
Pets At Home Group PLC | 1,177 | 5,927 | |
Renewi PLC (a) | 1,032 | 6,887 | |
Sabre Insurance Group PLC (b) | 5,571 | 9,866 | |
Savills PLC | 400 | 5,000 | |
Senior Engineering Group PLC | 3,931 | 8,405 | |
Spectris PLC | 189 | 8,516 | |
Synthomer PLC | 2,500 | 2,677 | |
Tate & Lyle PLC | 651 | 6,237 | |
Unite Group PLC | 623 | 7,783 | |
Vistry Group PLC | 764 | 7,741 | |
WH Smith PLC | 401 | 7,683 | |
TOTAL UNITED KINGDOM | 172,036 | ||
TOTAL COMMON STOCKS (Cost $1,013,857) | 1,193,993 | ||
Nonconvertible Preferred Stocks - 0.6% | |||
Shares | Value ($) | ||
Germany - 0.6% | |||
Jungheinrich AG (Cost $5,082) | 201 | 7,523 | |
TOTAL INVESTMENT IN SECURITIES - 97.9% (Cost $1,018,939) | 1,201,516 |
NET OTHER ASSETS (LIABILITIES) - 2.1% | 25,321 |
NET ASSETS - 100.0% | 1,226,837 |
Legend
(a) | Non-income producing |
(b) | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At the end of the period, the value of these securities amounted to $47,741 or 3.9% of net assets. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | 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% | - | 1,000,000 | 1,000,000 | 423 | - | - | - | 0.0% |
Total | - | 1,000,000 | 1,000,000 | 423 | - | - | - | |
Amounts in the dividend income column in the above table include any capital gain distributions from underlying funds.
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.
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 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.
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