Quarterly Holdings Report
for
Fidelity® Series Sustainable Emerging Markets Fund
July 31, 2023
SMK-NPRT3-0923
1.9908945.100
Common Stocks - 93.3% | |||
Shares | Value ($) | ||
Australia - 0.4% | |||
AngloGold Ashanti Ltd. | 895 | 19,851 | |
Brazil - 3.9% | |||
MercadoLibre, Inc. (a) | 35 | 43,332 | |
Natura & Co. Holding SA ADR | 3,151 | 24,137 | |
StoneCo Ltd. Class A (a) | 2,831 | 41,021 | |
XP, Inc. Class A (a) | 2,833 | 76,519 | |
TOTAL BRAZIL | 185,009 | ||
Chile - 2.3% | |||
Antofagasta PLC | 3,169 | 68,223 | |
Banco de Chile | 360,092 | 40,089 | |
TOTAL CHILE | 108,312 | ||
China - 28.5% | |||
Akeso, Inc. (a)(b) | 2,011 | 10,585 | |
Alibaba Group Holding Ltd. (a) | 10,204 | 130,401 | |
Alibaba Group Holding Ltd. sponsored ADR (a) | 84 | 8,581 | |
Baidu, Inc.: | |||
Class A (a) | 739 | 14,448 | |
sponsored ADR (a) | 97 | 15,131 | |
BeiGene Ltd. ADR (a) | 62 | 13,282 | |
BYD Co. Ltd. (H Shares) | 985 | 35,084 | |
China Communications Services Corp. Ltd. (H Shares) | 10,198 | 4,838 | |
China Construction Bank Corp. (H Shares) | 129,982 | 75,761 | |
China Life Insurance Co. Ltd. (H Shares) | 14,556 | 25,383 | |
China Merchants Holdings International Co. Ltd. | 4,001 | 5,489 | |
China Resources Beer Holdings Co. Ltd. | 4,129 | 26,445 | |
China Tower Corp. Ltd. (H Shares) (b) | 46,966 | 5,299 | |
ENN Energy Holdings Ltd. | 2,708 | 32,553 | |
ESR Group Ltd. (b) | 13,198 | 23,015 | |
Guangdong Investment Ltd. | 9,865 | 8,526 | |
Guangzhou Automobile Group Co. Ltd. (H Shares) | 9,786 | 6,123 | |
Haier Smart Home Co. Ltd. | 2,014 | 6,623 | |
Hansoh Pharmaceutical Group Co. Ltd. (b) | 8,438 | 13,633 | |
Industrial & Commercial Bank of China Ltd. (H Shares) | 55,291 | 27,000 | |
Innovent Biologics, Inc. (a)(b) | 1,035 | 4,592 | |
JD.com, Inc.: | |||
Class A | 873 | 18,074 | |
sponsored ADR | 114 | 4,709 | |
Jiumaojiu International Holdings Ltd. (b) | 4,032 | 7,879 | |
KE Holdings, Inc. ADR (a) | 175 | 3,049 | |
Kunlun Energy Co. Ltd. | 17,765 | 14,465 | |
Lenovo Group Ltd. | 36,607 | 41,963 | |
Li Auto, Inc.: | |||
ADR (a) | 1,124 | 48,107 | |
Class A (a) | 1,171 | 25,138 | |
Li Ning Co. Ltd. | 2,682 | 16,163 | |
Meituan Class B (a)(b) | 4,571 | 87,261 | |
NetEase, Inc. ADR | 344 | 37,407 | |
New Horizon Health Ltd. (a)(b) | 482 | 1,638 | |
New Oriental Education & Technology Group, Inc. sponsored ADR (a) | 249 | 13,976 | |
PDD Holdings, Inc. ADR (a) | 547 | 49,132 | |
Ping An Insurance Group Co. of China Ltd. (H Shares) | 8,996 | 65,552 | |
Shangri-La Asia Ltd. (a) | 15,906 | 13,216 | |
Shenzhou International Group Holdings Ltd. | 440 | 4,629 | |
Sinotruk Hong Kong Ltd. | 3,999 | 8,368 | |
Sunny Optical Technology Group Co. Ltd. | 1,092 | 10,578 | |
Tencent Holdings Ltd. | 4,440 | 204,068 | |
Tongdao Liepin Group (a) | 3,415 | 4,129 | |
TravelSky Technology Ltd. (H Shares) | 10,123 | 19,340 | |
Trip.com Group Ltd. ADR (a) | 1,191 | 48,879 | |
Tsingtao Brewery Co. Ltd. (H Shares) | 2,016 | 18,069 | |
Uni-President China Holdings Ltd. | 18,705 | 16,141 | |
Venus MedTech Hangzhou, Inc. (H Shares) (a)(b) | 1,601 | 1,488 | |
WuXi AppTec Co. Ltd. (H Shares) (b) | 1,241 | 11,704 | |
Wuxi Biologics (Cayman), Inc. (a)(b) | 4,707 | 26,616 | |
XPeng, Inc. ADR (a) | 140 | 2,929 | |
Zai Lab Ltd. (a) | 2,613 | 7,991 | |
Zai Lab Ltd. ADR (a) | 72 | 2,164 | |
Zhuzhou CRRC Times Electric Co. Ltd. (H Shares) | 2,764 | 10,987 | |
TOTAL CHINA | 1,338,601 | ||
Greece - 0.0% | |||
Alpha Bank SA (a) | 610 | 1,097 | |
Hong Kong - 1.3% | |||
ASMPT Ltd. | 500 | 4,863 | |
Huanxi Media Group Ltd. (a) | 39,070 | 5,210 | |
Kerry Properties Ltd. | 5,693 | 12,264 | |
Prudential PLC | 2,929 | 40,673 | |
TOTAL HONG KONG | 63,010 | ||
India - 13.7% | |||
Axis Bank Ltd. sponsored GDR (Reg. S) | 493 | 28,841 | |
HDFC Bank Ltd. sponsored ADR | 2,036 | 139,018 | |
ICICI Bank Ltd. sponsored ADR | 5,159 | 126,757 | |
Infosys Ltd. sponsored ADR | 8,604 | 143,343 | |
Larsen & Toubro Ltd. GDR | 2,090 | 68,343 | |
Reliance Industries Ltd. GDR (b) | 2,182 | 136,375 | |
TOTAL INDIA | 642,677 | ||
Indonesia - 4.8% | |||
First Resources Ltd. | 27,129 | 30,806 | |
PT Bank Central Asia Tbk | 131,600 | 79,632 | |
PT Bank Rakyat Indonesia (Persero) Tbk | 180,300 | 67,553 | |
PT Sumber Alfaria Trijaya Tbk | 78,800 | 14,109 | |
PT Telkom Indonesia Persero Tbk | 137,000 | 33,754 | |
TOTAL INDONESIA | 225,854 | ||
Korea (South) - 12.8% | |||
Coway Co. Ltd. | 260 | 8,343 | |
Db Insurance Co. Ltd. | 222 | 13,118 | |
Hyundai Fire & Marine Insurance Co. Ltd. | 689 | 15,449 | |
Hyundai Mipo Dockyard Co. Ltd. (a) | 19 | 1,389 | |
Hyundai Motor Co. Ltd. | 34 | 5,216 | |
Jeisys Medical, Inc. (a) | 436 | 3,812 | |
JYP Entertainment Corp. | 160 | 17,080 | |
Kakao Corp. | 529 | 21,239 | |
KB Financial Group, Inc. ADR | 586 | 23,540 | |
Korea Aerospace Industries Ltd. | 53 | 2,041 | |
LG Chemical Ltd. | 33 | 16,736 | |
LG Corp. | 20 | 1,307 | |
NAVER Corp. | 340 | 60,404 | |
NCSOFT Corp. | 22 | 4,761 | |
POSCO sponsored ADR | 588 | 73,788 | |
Samsung Biologics Co. Ltd. (a)(b) | 17 | 10,192 | |
Samsung Electronics Co. Ltd. GDR (Reg. S) | 186 | 253,146 | |
Samsung SDI Co. Ltd. | 33 | 17,175 | |
SK Hynix, Inc. | 536 | 51,766 | |
TOTAL KOREA (SOUTH) | 600,502 | ||
Mexico - 4.9% | |||
Corporacion Inmobiliaria Vesta S.A.B. de CV | 6,051 | 21,953 | |
Corporacion Inmobiliaria Vesta S.A.B. de CV ADR | 141 | 5,114 | |
Gruma S.A.B. de CV Series B | 997 | 17,885 | |
Grupo Aeroportuario del Pacifico S.A.B. de CV Series B | 1,348 | 25,684 | |
Grupo Aeroportuario del Sureste S.A.B. de CV Series B sponsored ADR | 124 | 35,091 | |
Grupo Financiero Banorte S.A.B. de CV Series O | 6,591 | 62,470 | |
Wal-Mart de Mexico SA de CV Series V | 14,432 | 60,081 | |
TOTAL MEXICO | 228,278 | ||
Netherlands - 0.4% | |||
CTP BV (b) | 1,262 | 17,317 | |
Panama - 0.7% | |||
Copa Holdings SA Class A | 295 | 34,816 | |
Philippines - 1.4% | |||
SM Investments Corp. | 3,461 | 57,473 | |
SM Prime Holdings, Inc. | 15,900 | 9,670 | |
TOTAL PHILIPPINES | 67,143 | ||
Poland - 1.3% | |||
CD Projekt RED SA | 742 | 30,259 | |
Dino Polska SA (a)(b) | 279 | 31,086 | |
TOTAL POLAND | 61,345 | ||
South Africa - 3.6% | |||
Absa Group Ltd. | 901 | 9,545 | |
Bid Corp. Ltd. | 1,157 | 27,405 | |
Capitec Bank Holdings Ltd. | 293 | 29,382 | |
Discovery Ltd. (a) | 3,980 | 35,160 | |
Gold Fields Ltd. sponsored ADR | 1,458 | 22,555 | |
Impala Platinum Holdings Ltd. | 4,343 | 31,370 | |
Pick 'n Pay Stores Ltd. | 7,165 | 15,421 | |
TOTAL SOUTH AFRICA | 170,838 | ||
Taiwan - 10.4% | |||
ASE Technology Holding Co. Ltd. ADR | 6,618 | 53,143 | |
Taiwan Semiconductor Manufacturing Co. Ltd. sponsored ADR | 4,393 | 435,564 | |
TOTAL TAIWAN | 488,707 | ||
Tanzania - 0.5% | |||
Helios Towers PLC (a) | 20,262 | 23,520 | |
United States of America - 2.4% | |||
FirstCash Holdings, Inc. | 456 | 43,448 | |
Globant SA (a) | 277 | 48,400 | |
Tenaris SA sponsored ADR | 260 | 8,707 | |
Titan Cement International Trading SA | 599 | 12,592 | |
TOTAL UNITED STATES OF AMERICA | 113,147 | ||
TOTAL COMMON STOCKS (Cost $4,044,597) | 4,390,024 | ||
Nonconvertible Preferred Stocks - 4.9% | |||
Shares | Value ($) | ||
Brazil - 4.5% | |||
Banco do Brasil SA sponsored ADR | 1,742 | 17,890 | |
Itau Unibanco Holding SA sponsored ADR | 14,649 | 88,040 | |
Petroleo Brasileiro SA - Petrobras: | |||
(PN) sponsored ADR (non-vtg.) | 3,756 | 49,579 | |
sponsored ADR | 3,780 | 55,490 | |
TOTAL BRAZIL | 210,999 | ||
Korea (South) - 0.4% | |||
Hyundai Motor Co. Ltd. Series 2 | 264 | 22,397 | |
TOTAL NONCONVERTIBLE PREFERRED STOCKS (Cost $202,208) | 233,396 | ||
Money Market Funds - 1.9% | |||
Shares | Value ($) | ||
Fidelity Cash Central Fund 5.32% (c) (Cost $89,676) | 89,658 | 89,676 | |
TOTAL INVESTMENT IN SECURITIES - 100.1% (Cost $4,336,481) | 4,713,096 |
NET OTHER ASSETS (LIABILITIES) - (0.1)% | (6,317) |
NET ASSETS - 100.0% | 4,706,779 |
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 $388,680 or 8.3% of net assets. |
(c) | Affiliated fund that is generally available only to investment companies and other accounts managed by Fidelity Investments. The rate quoted is the annualized seven-day yield of the fund at period end. A complete unaudited listing of the fund's holdings as of its most recent quarter end is available upon request. In addition, each Fidelity Central Fund's financial statements are available on the SEC's website or upon request. |
Affiliated Central Funds
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Affiliate | Value, beginning of period ($) | 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% | - | 4,285,228 | 4,195,552 | 4,105 | - | - | 89,676 | 0.0% |
Total | - | 4,285,228 | 4,195,552 | 4,105 | - | - | 89,676 | |
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.
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.
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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