Common Stocks - 98.5% |
| | Shares | Value ($) |
Australia - 1.7% | | | |
Aristocrat Leisure Ltd. | | 268,972 | 7,754,631 |
Aub Group Ltd. | | 309,718 | 6,163,423 |
CAR Group Ltd. | | 709,556 | 15,235,098 |
Johns Lyng Group Ltd. | | 721,288 | 3,183,555 |
Lovisa Holdings Ltd. (a) | | 439,390 | 6,537,024 |
National Storage REIT unit | | 4,853,097 | 7,278,258 |
TOTAL AUSTRALIA | | | 46,151,989 |
Austria - 0.2% | | | |
Wienerberger AG | | 178,700 | 6,079,452 |
Belgium - 0.4% | | | |
Azelis Group NV | | 232,768 | 4,809,681 |
UCB SA | | 60,600 | 5,717,314 |
TOTAL BELGIUM | | | 10,526,995 |
Canada - 2.5% | | | |
Constellation Software, Inc. | | 3,700 | 10,226,250 |
Constellation Software, Inc. warrants 8/22/28 (b)(c) | | 3,700 | 0 |
Franco-Nevada Corp. | | 32,900 | 3,559,548 |
PrairieSky Royalty Ltd. | | 2,744,700 | 45,280,558 |
Quebecor, Inc. Class B (sub. vtg.) | | 230,500 | 5,604,556 |
Shopify, Inc. Class A (b) | | 68,000 | 5,444,760 |
TOTAL CANADA | | | 70,115,672 |
China - 1.0% | | | |
BYD Co. Ltd. (H Shares) | | 168,500 | 3,772,745 |
Centre Testing International Group Co. Ltd. (A Shares) | | 2,106,400 | 3,454,239 |
Kweichow Moutai Co. Ltd. (A Shares) | | 18,100 | 4,057,965 |
Tencent Holdings Ltd. | | 182,800 | 6,345,229 |
Trip.com Group Ltd. ADR (b) | | 160,600 | 5,871,536 |
ZTO Express, Inc. sponsored ADR | | 306,000 | 5,006,160 |
TOTAL CHINA | | | 28,507,874 |
Denmark - 1.3% | | | |
Carlsberg A/S Series B | | 50,300 | 6,471,973 |
GN Store Nord A/S (b) | | 447,475 | 10,613,466 |
Novo Nordisk A/S Series B | | 175,400 | 20,049,003 |
TOTAL DENMARK | | | 37,134,442 |
Finland - 0.4% | | | |
Nanoform Finland PLC (b) | | 754,800 | 2,447,137 |
Olvi Oyj (A Shares) | | 86,661 | 2,968,849 |
Sampo Oyj (A Shares) | | 159,551 | 6,687,572 |
TOTAL FINLAND | | | 12,103,558 |
France - 1.9% | | | |
Capgemini SA | | 39,700 | 8,889,665 |
Dassault Aviation SA | | 15,500 | 2,939,774 |
L'Oreal SA | | 34,400 | 16,462,270 |
LVMH Moet Hennessy Louis Vuitton SE | | 27,927 | 23,236,911 |
TOTAL FRANCE | | | 51,528,620 |
Germany - 0.9% | | | |
DHL Group | | 204,311 | 9,829,967 |
Instone Real Estate Group BV (d) | | 332,488 | 2,888,931 |
Nexus AG | | 46,000 | 2,878,336 |
Stabilus Se | | 144,286 | 10,143,239 |
TOTAL GERMANY | | | 25,740,473 |
Hong Kong - 0.9% | | | |
AIA Group Ltd. | | 761,327 | 5,970,646 |
Hong Kong Exchanges and Clearing Ltd. | | 170,174 | 5,159,472 |
Prudential PLC | | 1,366,086 | 14,033,210 |
TOTAL HONG KONG | | | 25,163,328 |
Hungary - 0.1% | | | |
Richter Gedeon PLC | | 114,700 | 3,096,282 |
India - 0.0% | | | |
Pine Labs Private Ltd. (b)(c)(e) | | 792 | 277,319 |
Indonesia - 0.8% | | | |
PT Bank Central Asia Tbk | | 23,007,100 | 13,919,904 |
PT Bank Rakyat Indonesia (Persero) Tbk | | 21,144,000 | 7,616,821 |
TOTAL INDONESIA | | | 21,536,725 |
Ireland - 0.4% | | | |
Cairn Homes PLC | | 3,202,000 | 4,918,168 |
Irish Residential Properties REIT PLC | | 5,266,267 | 6,579,090 |
TOTAL IRELAND | | | 11,497,258 |
Italy - 1.1% | | | |
BFF Bank SpA (d) | | 1,389,790 | 15,049,499 |
Prysmian SpA | | 161,600 | 7,158,539 |
Recordati SpA | | 129,400 | 7,173,924 |
TOTAL ITALY | | | 29,381,962 |
Japan - 4.5% | | | |
FUJIFILM Holdings Corp. | | 87,992 | 5,577,367 |
Funai Soken Holdings, Inc. | | 73,100 | 1,272,788 |
GMO Internet, Inc. | | 300,866 | 5,422,323 |
Hitachi Ltd. | | 190,900 | 14,995,262 |
Hoya Corp. | | 63,443 | 8,059,113 |
Iriso Electronics Co. Ltd. | | 204,185 | 4,774,924 |
Katitas Co. Ltd. | | 387,300 | 4,815,145 |
Keyence Corp. | | 22,340 | 9,994,869 |
NOF Corp. | | 207,695 | 9,380,287 |
Osaka Soda Co. Ltd. | | 75,700 | 5,314,176 |
PALTAC Corp. | | 188,891 | 5,750,868 |
Pan Pacific International Holdings Ltd. | | 403,700 | 8,726,579 |
Renesas Electronics Corp. (b) | | 802,131 | 13,161,034 |
Shin-Etsu Chemical Co. Ltd. | | 262,015 | 10,313,485 |
Sony Group Corp. | | 116,703 | 11,444,876 |
USS Co. Ltd. | | 324,600 | 6,138,646 |
TOTAL JAPAN | | | 125,141,742 |
Kenya - 0.0% | | | |
Safaricom Ltd. | | 5,920,700 | 501,692 |
Luxembourg - 0.1% | | | |
Novem Group SA | | 292,876 | 2,215,578 |
Netherlands - 1.6% | | | |
ASML Holding NV (Netherlands) | | 27,800 | 24,118,950 |
BE Semiconductor Industries NV | | 39,000 | 5,892,193 |
IMCD NV | | 32,996 | 5,063,546 |
Wolters Kluwer NV | | 67,500 | 9,957,300 |
TOTAL NETHERLANDS | | | 45,031,989 |
Norway - 0.3% | | | |
TGS ASA | | 883,149 | 8,674,253 |
Russia - 0.0% | | | |
Fix Price Group Ltd. GDR (Reg. S) (b)(c) | | 139,553 | 51,541 |
Spain - 0.3% | | | |
CaixaBank SA | | 1,697,900 | 7,239,835 |
Sweden - 4.2% | | | |
Addlife AB | | 1,031,824 | 11,174,255 |
Autoliv, Inc. (depository receipt) | | 109,277 | 11,829,027 |
Dustin Group AB (a)(b)(d) | | 10,366,352 | 11,644,732 |
Evolution AB (d) | | 124,700 | 14,654,870 |
Haypp Group (b) | | 603,300 | 3,362,408 |
Hemnet Group AB | | 723,030 | 19,523,231 |
HEXPOL AB (B Shares) | | 850,359 | 9,772,880 |
INVISIO AB | | 283,212 | 5,510,941 |
JM AB (B Shares) | | 334,600 | 5,485,220 |
Kry International AB (b)(c)(e) | | 489 | 21,725 |
Swedbank AB (A Shares) | | 727,850 | 14,883,414 |
Swedish Logistic Property AB (b) | | 2,679,799 | 8,072,886 |
TOTAL SWEDEN | | | 115,935,589 |
Taiwan - 0.4% | | | |
E Ink Holdings, Inc. | | 1,806,000 | 11,979,355 |
United Kingdom - 5.3% | | | |
3i Group PLC | | 296,400 | 9,278,787 |
AstraZeneca PLC (United Kingdom) | | 104,843 | 13,899,754 |
Baltic Classifieds Group PLC | | 1,806,400 | 5,562,879 |
Beazley PLC | | 824,700 | 5,690,800 |
Diageo PLC | | 334,973 | 12,098,508 |
Endava PLC ADR (b) | | 98,200 | 6,949,614 |
Flutter Entertainment PLC (b) | | 88,600 | 18,285,251 |
Games Workshop Group PLC | | 54,200 | 6,803,513 |
Harbour Energy PLC | | 1,922,571 | 6,792,890 |
Hiscox Ltd. | | 971,547 | 12,792,599 |
Lancashire Holdings Ltd. | | 1,178,720 | 9,067,317 |
London Stock Exchange Group PLC | | 97,800 | 11,062,556 |
RS GROUP PLC | | 624,895 | 6,221,398 |
Sabre Insurance Group PLC (d) | | 6,755,301 | 13,201,051 |
Softcat PLC | | 324,200 | 5,941,016 |
WH Smith PLC | | 329,610 | 5,058,526 |
TOTAL UNITED KINGDOM | | | 148,706,459 |
United States of America - 68.2% | | | |
Academy Sports & Outdoors, Inc. | | 69,000 | 4,328,370 |
Accenture PLC Class A | | 47,000 | 17,102,360 |
Advanced Energy Industries, Inc. | | 30,000 | 3,125,400 |
Advanced Micro Devices, Inc. (b) | | 126,000 | 21,128,940 |
Alphabet, Inc. Class A (b) | | 712,000 | 99,751,200 |
Amazon.com, Inc. (b) | | 738,000 | 114,537,600 |
Apple, Inc. | | 196,000 | 36,142,400 |
Arista Networks, Inc. (b) | | 19,000 | 4,914,920 |
Arthur J. Gallagher & Co. | | 21,000 | 4,875,360 |
Bank of New York Mellon Corp. | | 34,000 | 1,885,640 |
Builders FirstSource, Inc. (b) | | 34,000 | 5,906,820 |
Cadence Design Systems, Inc. (b) | | 7,000 | 2,019,220 |
Constellation Energy Corp. | | 276,000 | 33,672,000 |
Costco Wholesale Corp. | | 36,000 | 25,015,680 |
CSX Corp. | | 1,034,000 | 36,913,800 |
Deckers Outdoor Corp. (b) | | 77,155 | 58,154,038 |
Eaton Corp. PLC | | 377,000 | 92,772,160 |
Eli Lilly & Co. | | 139,000 | 89,739,790 |
Exxon Mobil Corp. | | 50,000 | 5,140,500 |
Fiserv, Inc. (b) | | 740,201 | 105,012,316 |
Garmin Ltd. | | 38,000 | 4,540,620 |
Globant SA (b) | | 4,000 | 943,240 |
Hubbell, Inc. Class B | | 18,000 | 6,040,260 |
IBM Corp. | | 45,000 | 8,264,700 |
Ingersoll Rand, Inc. | | 222,000 | 17,728,920 |
Intercontinental Exchange, Inc. | | 30,000 | 3,819,900 |
Jabil, Inc. | | 489,000 | 61,266,810 |
Jack Henry & Associates, Inc. | | 41,000 | 6,799,030 |
KBR, Inc. | | 438,000 | 22,824,180 |
KeyCorp | | 909,000 | 13,207,770 |
Leidos Holdings, Inc. | | 24,000 | 2,651,280 |
lululemon athletica, Inc. (b) | | 7,800 | 3,539,796 |
M&T Bank Corp. | | 42,000 | 5,800,200 |
Maplebear, Inc. (unlisted) | | 8,000 | 185,972 |
Marvell Technology, Inc. | | 108,076 | 7,316,745 |
Merck & Co., Inc. | | 135,000 | 16,305,300 |
Meta Platforms, Inc. Class A | | 312,000 | 121,723,680 |
Micron Technology, Inc. | | 721,000 | 61,825,750 |
Microsoft Corp. | | 401,000 | 159,429,576 |
MKS Instruments, Inc. | | 88,000 | 9,367,600 |
Modine Manufacturing Co. (b) | | 317,000 | 21,901,530 |
Moody's Corp. | | 65,000 | 25,482,600 |
Norfolk Southern Corp. | | 56,000 | 13,173,440 |
NVIDIA Corp. | | 236,000 | 145,203,720 |
Oracle Corp. | | 30,000 | 3,351,000 |
Parker Hannifin Corp. | | 90,000 | 41,805,000 |
Patrick Industries, Inc. | | 5,918 | 594,108 |
PNC Financial Services Group, Inc. | | 385,000 | 58,215,850 |
Pure Storage, Inc. Class A (b) | | 216,437 | 8,655,316 |
Regeneron Pharmaceuticals, Inc. (b) | | 13,000 | 12,256,140 |
RHI Magnesita NV | | 83,122 | 3,543,655 |
Rivian Automotive, Inc. (b) | | 1,000 | 15,310 |
Roche Holding AG (participation certificate) | | 48,651 | 13,851,735 |
S&P Global, Inc. | | 166,628 | 74,707,664 |
Sanmina Corp. (b) | | 13,000 | 777,660 |
Skechers U.S.A., Inc. Class A (sub. vtg.) (b) | | 10,900 | 680,596 |
Stripe, Inc. Class B (b)(c)(e) | | 10,000 | 245,200 |
Synopsys, Inc. (b) | | 3,000 | 1,600,050 |
Tesla, Inc. (b) | | 1,000 | 187,290 |
The Walt Disney Co. | | 122,000 | 11,718,100 |
TransDigm Group, Inc. | | 18,000 | 19,668,240 |
U.S. Bancorp | | 24,000 | 996,960 |
Uber Technologies, Inc. (b) | | 299,000 | 19,515,730 |
United Rentals, Inc. | | 32,000 | 20,012,800 |
UnitedHealth Group, Inc. | | 52,000 | 26,610,480 |
Ventas, Inc. | | 78,000 | 3,618,420 |
Vertex Pharmaceuticals, Inc. (b) | | 17,000 | 7,367,460 |
Vertiv Holdings Co. | | 902,000 | 50,809,660 |
Visa, Inc. Class A | | 60,000 | 16,395,600 |
XPO, Inc. (b) | | 43,000 | 3,673,920 |
TOTAL UNITED STATES OF AMERICA | | | 1,902,355,077 |
TOTAL COMMON STOCKS (Cost $2,020,620,142) | | | 2,746,675,059 |
| | | |
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
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.
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 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)
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.
Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.