Quarterly Holdings Report
for
Fidelity® SAI Japan Stock Index Fund
July 31, 2021
Offered exclusively to certain clients of the Adviser or its affiliates - not available for sale to the general public. Fidelity SAI is a product name of Fidelity® funds dedicated to certain programs affiliated with Strategic Advisers LLC.
JSI-QTLY-0921
1.9901437.100
Schedule of Investments July 31, 2021 (Unaudited)
Showing Percentage of Net Assets
Common Stocks - 99.8% | |||
Shares | Value | ||
COMMUNICATION SERVICES - 8.3% | |||
Diversified Telecommunication Services - 0.9% | |||
Nippon Telegraph & Telephone Corp. | 496,200 | $12,706,750 | |
Entertainment - 2.3% | |||
Capcom Co. Ltd. | 68,000 | 1,862,632 | |
Koei Tecmo Holdings Co. Ltd. | 22,600 | 1,058,876 | |
Konami Holdings Corp. | 36,000 | 1,993,881 | |
Nexon Co. Ltd. | 188,100 | 3,870,368 | |
Nintendo Co. Ltd. | 43,100 | 22,157,845 | |
Square Enix Holdings Co. Ltd. | 33,100 | 1,710,742 | |
Toho Co. Ltd. | 43,300 | 1,885,047 | |
34,539,391 | |||
Interactive Media & Services - 0.4% | |||
Kakaku.com, Inc. | 51,600 | 1,400,239 | |
Z Holdings Corp. | 1,022,800 | 5,119,301 | |
6,519,540 | |||
Media - 0.5% | |||
CyberAgent, Inc. | 156,000 | 2,807,758 | |
Dentsu Group, Inc. | 83,400 | 2,898,484 | |
Hakuhodo DY Holdings, Inc. | 89,700 | 1,358,930 | |
7,065,172 | |||
Wireless Telecommunication Services - 4.2% | |||
KDDI Corp. | 621,700 | 19,013,825 | |
SoftBank Corp. | 1,107,300 | 14,462,679 | |
SoftBank Group Corp. | 483,300 | 30,392,637 | |
63,869,141 | |||
TOTAL COMMUNICATION SERVICES | 124,699,994 | ||
CONSUMER DISCRETIONARY - 19.4% | |||
Auto Components - 2.4% | |||
Aisin Seiki Co. Ltd. | 56,900 | 2,289,900 | |
Bridgestone Corp. | 220,100 | 9,696,480 | |
DENSO Corp. | 167,000 | 11,473,095 | |
Koito Manufacturing Co. Ltd. | 40,300 | 2,446,543 | |
Stanley Electric Co. Ltd. | 50,300 | 1,302,605 | |
Sumitomo Electric Industries Ltd. | 290,700 | 4,129,892 | |
Toyota Industries Corp. | 56,500 | 4,707,260 | |
36,045,775 | |||
Automobiles - 7.8% | |||
Honda Motor Co. Ltd. | 628,400 | 20,182,870 | |
Isuzu Motors Ltd. | 212,700 | 2,837,352 | |
Mazda Motor Corp. (a) | 219,600 | 2,166,333 | |
Nissan Motor Co. Ltd. (a) | 894,800 | 5,193,277 | |
Subaru Corp. | 237,100 | 4,658,298 | |
Suzuki Motor Corp. | 142,000 | 5,777,340 | |
Toyota Motor Corp. | 817,600 | 73,400,435 | |
Yamaha Motor Co. Ltd. | 108,100 | 2,706,898 | |
116,922,803 | |||
Hotels, Restaurants & Leisure - 0.8% | |||
McDonald's Holdings Co. (Japan) Ltd. | 30,900 | 1,391,422 | |
Oriental Land Co. Ltd. | 77,100 | 10,506,768 | |
11,898,190 | |||
Household Durables - 4.9% | |||
Casio Computer Co. Ltd. | 74,600 | 1,215,907 | |
Iida Group Holdings Co. Ltd. | 57,000 | 1,366,483 | |
Panasonic Corp. | 851,200 | 10,278,294 | |
Rinnai Corp. | 13,900 | 1,282,239 | |
Sekisui Chemical Co. Ltd. | 147,100 | 2,520,833 | |
Sekisui House Ltd. | 237,500 | 4,703,803 | |
Sharp Corp. | 82,200 | 1,262,548 | |
Sony Group Corp. | 486,100 | 50,781,163 | |
73,411,270 | |||
Internet & Direct Marketing Retail - 0.5% | |||
Mercari, Inc. (a) | 39,400 | 2,054,309 | |
Rakuten Group, Inc. | 333,800 | 3,673,156 | |
ZOZO, Inc. | 47,900 | 1,626,430 | |
7,353,895 | |||
Leisure Products - 1.0% | |||
Bandai Namco Holdings, Inc. | 77,000 | 4,982,221 | |
SHIMANO, Inc. | 28,600 | 7,286,541 | |
Yamaha Corp. | 51,700 | 2,864,905 | |
15,133,667 | |||
Multiline Retail - 0.3% | |||
Pan Pacific International Holdings Ltd. | 158,900 | 3,306,765 | |
Ryohin Keikaku Co. Ltd. | 97,600 | 1,974,153 | |
5,280,918 | |||
Specialty Retail - 1.7% | |||
ABC-MART, Inc. | 12,700 | 696,905 | |
Fast Retailing Co. Ltd. | 22,500 | 15,259,568 | |
Hikari Tsushin, Inc. | 8,100 | 1,397,685 | |
Nitori Holdings Co. Ltd. | 30,900 | 5,873,354 | |
USS Co. Ltd. | 84,900 | 1,468,850 | |
Yamada Holdings Co. Ltd. | 259,800 | 1,221,975 | |
25,918,337 | |||
TOTAL CONSUMER DISCRETIONARY | 291,964,855 | ||
CONSUMER STAPLES - 7.1% | |||
Beverages - 1.1% | |||
Asahi Group Holdings | 175,900 | 7,914,537 | |
ITO EN Ltd. | 20,600 | 1,211,157 | |
Kirin Holdings Co. Ltd. | 317,100 | 5,800,013 | |
Suntory Beverage & Food Ltd. | 53,700 | 1,877,212 | |
16,802,919 | |||
Food & Staples Retailing - 1.8% | |||
AEON Co. Ltd. | 252,100 | 6,898,677 | |
Cosmos Pharmaceutical Corp. | 7,700 | 1,304,799 | |
Kobe Bussan Co. Ltd. | 52,800 | 1,773,556 | |
Lawson, Inc. | 19,300 | 965,836 | |
Seven & i Holdings Co. Ltd. | 290,500 | 12,962,225 | |
Tsuruha Holdings, Inc. | 15,200 | 1,788,724 | |
Welcia Holdings Co. Ltd. | 36,200 | 1,229,160 | |
26,922,977 | |||
Food Products - 1.3% | |||
Ajinomoto Co., Inc. | 179,900 | 4,583,298 | |
Kikkoman Corp. | 56,100 | 3,435,393 | |
Meiji Holdings Co. Ltd. | 47,100 | 2,915,527 | |
NH Foods Ltd. | 31,900 | 1,286,659 | |
Nisshin Seifun Group, Inc. | 76,000 | 1,225,317 | |
Nissin Food Holdings Co. Ltd. | 24,500 | 1,741,944 | |
Toyo Suisan Kaisha Ltd. | 34,100 | 1,300,839 | |
Yakult Honsha Co. Ltd. | 49,500 | 2,914,817 | |
19,403,794 | |||
Household Products - 0.6% | |||
Lion Corp. | 86,800 | 1,498,557 | |
Pigeon Corp. | 44,400 | 1,274,874 | |
Unicharm Corp. | 155,600 | 6,215,206 | |
8,988,637 | |||
Personal Products - 1.7% | |||
Kao Corp. | 185,800 | 11,187,268 | |
Kobayashi Pharmaceutical Co. Ltd. | 20,500 | 1,629,461 | |
Kose Corp. | 12,900 | 2,028,394 | |
Pola Orbis Holdings, Inc. | 35,200 | 838,729 | |
Shiseido Co. Ltd. | 154,200 | 10,306,068 | |
25,989,920 | |||
Tobacco - 0.6% | |||
Japan Tobacco, Inc. | 462,500 | 9,037,389 | |
TOTAL CONSUMER STAPLES | 107,145,636 | ||
ENERGY - 0.6% | |||
Oil, Gas & Consumable Fuels - 0.6% | |||
ENEOS Holdings, Inc. | 1,181,800 | 4,964,264 | |
Idemitsu Kosan Co. Ltd. | 80,600 | 1,897,313 | |
INPEX Corp. | 394,700 | 2,799,435 | |
9,661,012 | |||
FINANCIALS - 8.8% | |||
Banks - 4.5% | |||
Chiba Bank Ltd. | 203,600 | 1,158,215 | |
Concordia Financial Group Ltd. | 418,100 | 1,496,709 | |
Japan Post Bank Co. Ltd. | 156,800 | 1,329,238 | |
Mitsubishi UFJ Financial Group, Inc. | 4,712,300 | 24,893,582 | |
Mizuho Financial Group, Inc. | 930,000 | 13,289,339 | |
Resona Holdings, Inc. | 823,500 | 3,091,980 | |
Shizuoka Bank Ltd. | 171,400 | 1,237,793 | |
Sumitomo Mitsui Financial Group, Inc. | 503,200 | 16,962,411 | |
Sumitomo Mitsui Trust Holdings, Inc. | 130,300 | 4,277,209 | |
67,736,476 | |||
Capital Markets - 1.0% | |||
Daiwa Securities Group, Inc. | 556,900 | 2,928,372 | |
Japan Exchange Group, Inc. | 196,400 | 4,467,123 | |
Nomura Holdings, Inc. | 1,184,000 | 5,928,983 | |
SBI Holdings, Inc. Japan | 94,000 | 2,239,789 | |
15,564,267 | |||
Consumer Finance - 0.0% | |||
ACOM Co. Ltd. | 153,200 | 627,016 | |
Diversified Financial Services - 0.7% | |||
Mitsubishi UFJ Lease & Finance Co. Ltd. | 253,500 | 1,377,203 | |
ORIX Corp. | 470,900 | 8,207,108 | |
Tokyo Century Corp. | 14,200 | 776,628 | |
10,360,939 | |||
Insurance - 2.6% | |||
Dai-ichi Mutual Life Insurance Co. | 392,700 | 7,227,659 | |
Japan Post Holdings Co. Ltd. | 606,800 | 5,150,786 | |
Japan Post Insurance Co. Ltd. | 87,000 | 1,536,904 | |
MS&AD Insurance Group Holdings, Inc. | 171,500 | 5,301,247 | |
Sompo Holdings, Inc. | 122,300 | 5,056,136 | |
T&D Holdings, Inc. | 207,500 | 2,654,912 | |
Tokio Marine Holdings, Inc. | 243,500 | 11,605,469 | |
38,533,113 | |||
TOTAL FINANCIALS | 132,821,811 | ||
HEALTH CARE - 9.9% | |||
Biotechnology - 0.1% | |||
PeptiDream, Inc. (a) | 36,800 | 1,511,180 | |
Health Care Equipment & Supplies - 3.3% | |||
ASAHI INTECC Co. Ltd. | 80,500 | 2,170,539 | |
Hoya Corp. | 143,700 | 20,178,647 | |
Olympus Corp. | 449,200 | 9,244,244 | |
Sysmex Corp. | 64,600 | 7,649,186 | |
Terumo Corp. | 248,900 | 9,659,996 | |
48,902,612 | |||
Health Care Providers & Services - 0.1% | |||
Medipal Holdings Corp. | 70,400 | 1,320,020 | |
Health Care Technology - 0.7% | |||
M3, Inc. | 170,100 | 11,125,678 | |
Pharmaceuticals - 5.7% | |||
Astellas Pharma, Inc. | 717,800 | 11,432,675 | |
Chugai Pharmaceutical Co. Ltd. | 258,900 | 9,540,604 | |
Daiichi Sankyo Kabushiki Kaisha | 656,000 | 12,991,627 | |
Eisai Co. Ltd. | 91,500 | 7,526,135 | |
Hisamitsu Pharmaceutical Co., Inc. | 19,600 | 853,106 | |
Kyowa Hakko Kirin Co., Ltd. | 104,100 | 3,388,576 | |
Nippon Shinyaku Co. Ltd. | 18,900 | 1,416,143 | |
Ono Pharmaceutical Co. Ltd. | 142,700 | 3,233,042 | |
Otsuka Holdings Co. Ltd. | 150,600 | 5,986,210 | |
Santen Pharmaceutical Co. Ltd. | 139,100 | 1,877,828 | |
Shionogi & Co. Ltd. | 102,100 | 5,377,065 | |
Sumitomo Dainippon Pharma Co., Ltd. | 68,800 | 1,191,291 | |
Taisho Pharmaceutical Holdings Co. Ltd. | 14,700 | 820,054 | |
Takeda Pharmaceutical Co. Ltd. | 607,700 | 20,228,223 | |
85,862,579 | |||
TOTAL HEALTH CARE | 148,722,069 | ||
INDUSTRIALS - 22.0% | |||
Air Freight & Logistics - 0.4% | |||
SG Holdings Co. Ltd. | 123,500 | 3,307,443 | |
Yamato Holdings Co. Ltd. | 112,400 | 3,239,384 | |
6,546,827 | |||
Airlines - 0.2% | |||
Ana Holdings, Inc. (a) | 61,400 | 1,438,798 | |
Japan Airlines Co. Ltd. (a) | 55,400 | 1,152,894 | |
2,591,692 | |||
Building Products - 1.9% | |||
AGC, Inc. | 74,500 | 3,185,854 | |
Daikin Industries Ltd. | 96,000 | 20,047,942 | |
LIXIL Group Corp. | 102,700 | 2,784,101 | |
Toto Ltd. | 54,600 | 2,831,021 | |
28,848,918 | |||
Commercial Services & Supplies - 0.7% | |||
Dai Nippon Printing Co. Ltd. | 87,700 | 2,066,680 | |
Secom Co. Ltd. | 80,900 | 6,123,370 | |
Sohgo Security Services Co., Ltd. | 27,600 | 1,285,593 | |
Toppan, Inc. | 101,400 | 1,720,056 | |
11,195,699 | |||
Construction & Engineering - 0.5% | |||
Kajima Corp. | 173,500 | 2,233,430 | |
Obayashi Corp. | 250,800 | 2,050,855 | |
SHIMIZU Corp. | 212,000 | 1,561,284 | |
Taisei Corp. | 73,600 | 2,480,422 | |
8,325,991 | |||
Electrical Equipment - 2.1% | |||
Fuji Electric Co. Ltd. | 48,900 | 2,140,030 | |
Mitsubishi Electric Corp. | 703,500 | 9,544,561 | |
Nidec Corp. | 172,400 | 19,350,782 | |
31,035,373 | |||
Industrial Conglomerates - 1.9% | |||
Hitachi Ltd. | 373,100 | 21,460,421 | |
Toshiba Corp. | 157,900 | 6,764,778 | |
28,225,199 | |||
Machinery - 5.6% | |||
Daifuku Co. Ltd. | 39,000 | 3,473,224 | |
FANUC Corp. | 73,900 | 16,551,216 | |
Harmonic Drive Systems, Inc. | 16,800 | 924,953 | |
Hino Motors Ltd. | 110,300 | 966,966 | |
Hitachi Construction Machinery Co. Ltd. | 41,300 | 1,166,952 | |
Hoshizaki Corp. | 20,900 | 1,746,985 | |
Komatsu Ltd. | 337,500 | 8,457,428 | |
Kubota Corp. | 396,000 | 8,280,943 | |
Kurita Water Industries Ltd. | 38,100 | 1,840,664 | |
Makita Corp. | 86,400 | 4,457,627 | |
Minebea Mitsumi, Inc. | 140,000 | 3,780,127 | |
Misumi Group, Inc. | 109,500 | 3,792,899 | |
Mitsubishi Heavy Industries Ltd. | 123,500 | 3,568,313 | |
Miura Co. Ltd. | 33,700 | 1,479,108 | |
Nabtesco Corp. | 43,500 | 1,633,654 | |
NGK Insulators Ltd. | 99,000 | 1,585,471 | |
NSK Ltd. | 148,200 | 1,223,074 | |
SMC Corp. | 22,100 | 13,053,917 | |
THK Co. Ltd. | 46,300 | 1,312,547 | |
Yaskawa Electric Corp. | 92,500 | 4,580,297 | |
83,876,365 | |||
Marine - 0.2% | |||
Nippon Yusen KK | 62,300 | 3,366,197 | |
Professional Services - 2.1% | |||
Nihon M&A Center, Inc. | 116,800 | 3,236,607 | |
Persol Holdings Co. Ltd. | 68,200 | 1,364,560 | |
Recruit Holdings Co. Ltd. | 523,000 | 27,107,430 | |
31,708,597 | |||
Road & Rail - 2.5% | |||
Central Japan Railway Co. | 55,600 | 8,087,841 | |
East Japan Railway Co. | 116,500 | 7,761,506 | |
Hankyu Hanshin Holdings, Inc. | 88,300 | 2,595,757 | |
Keio Corp. | 39,700 | 2,223,763 | |
Keisei Electric Railway Co. | 49,700 | 1,480,195 | |
Kintetsu Group Holdings Co. Ltd. (a) | 66,200 | 2,223,663 | |
Nippon Express Co. Ltd. | 29,700 | 2,169,578 | |
Odakyu Electric Railway Co. Ltd. | 113,700 | 2,713,580 | |
Tobu Railway Co. Ltd. | 72,900 | 1,895,691 | |
Tokyu Corp. | 192,800 | 2,584,042 | |
West Japan Railway Co. | 62,700 | 3,406,645 | |
37,142,261 | |||
Trading Companies & Distributors - 3.9% | |||
Itochu Corp. | 458,200 | 13,562,372 | |
Marubeni Corp. | 602,900 | 5,131,531 | |
Mitsubishi Corp. | 486,800 | 13,654,147 | |
Mitsui & Co. Ltd. | 595,700 | 13,672,749 | |
MonotaRO Co. Ltd. | 96,700 | 2,217,740 | |
Sumitomo Corp. | 434,100 | 5,899,384 | |
Toyota Tsusho Corp. | 81,900 | 3,866,897 | |
58,004,820 | |||
TOTAL INDUSTRIALS | 330,867,939 | ||
INFORMATION TECHNOLOGY - 14.1% | |||
Electronic Equipment & Components - 6.2% | |||
Azbil Corp. | 47,700 | 1,850,084 | |
Hamamatsu Photonics K.K. | 54,100 | 2,993,364 | |
Hirose Electric Co. Ltd. | 12,500 | 1,862,951 | |
Ibiden Co. Ltd. | 40,800 | 2,145,900 | |
Keyence Corp. | 75,000 | 41,524,999 | |
Kyocera Corp. | 123,700 | 7,643,654 | |
Murata Manufacturing Co. Ltd. | 221,400 | 18,373,040 | |
OMRON Corp. | 71,600 | 6,127,175 | |
Shimadzu Corp. | 91,300 | 3,661,820 | |
TDK Corp. | 50,000 | 5,705,003 | |
Yokogawa Electric Corp. | 87,700 | 1,349,194 | |
93,237,184 | |||
IT Services - 2.6% | |||
Fujitsu Ltd. | 75,800 | 12,895,884 | |
GMO Payment Gateway, Inc. | 15,900 | 2,037,774 | |
ITOCHU Techno-Solutions Corp. | 36,900 | 1,128,476 | |
NEC Corp. | 94,700 | 4,802,906 | |
Nomura Research Institute Ltd. | 135,900 | 4,360,494 | |
NTT Data Corp. | 243,300 | 3,768,604 | |
OBIC Co. Ltd. | 26,900 | 4,712,803 | |
Otsuka Corp. | 44,000 | 2,282,120 | |
SCSK Corp. | 20,000 | 1,199,581 | |
TIS, Inc. | 86,400 | 2,232,751 | |
39,421,393 | |||
Semiconductors & Semiconductor Equipment - 3.3% | |||
Advantest Corp. | 76,900 | 6,788,809 | |
Disco Corp. | 11,100 | 3,151,771 | |
Lasertec Corp. | 29,100 | 5,462,994 | |
Renesas Electronics Corp. (a) | 483,300 | 5,202,838 | |
ROHM Co. Ltd. | 33,800 | 3,272,011 | |
Sumco Corp. | 106,700 | 2,467,793 | |
Tokyo Electron Ltd. | 57,600 | 23,755,707 | |
50,101,923 | |||
Software - 0.3% | |||
Oracle Corp. Japan | 14,800 | 1,102,192 | |
Trend Micro, Inc. | 51,500 | 2,681,250 | |
3,783,442 | |||
Technology Hardware, Storage & Peripherals - 1.7% | |||
Brother Industries Ltd. | 91,100 | 1,839,356 | |
Canon, Inc. | 385,600 | 8,879,624 | |
FUJIFILM Holdings Corp. | 138,900 | 9,967,855 | |
Ricoh Co. Ltd. | 258,500 | 2,824,591 | |
Seiko Epson Corp. | 108,100 | 1,859,960 | |
25,371,386 | |||
TOTAL INFORMATION TECHNOLOGY | 211,915,328 | ||
MATERIALS - 5.0% | |||
Chemicals - 4.0% | |||
Asahi Kasei Corp. | 483,600 | 5,273,618 | |
JSR Corp. | 78,500 | 2,615,355 | |
Kansai Paint Co. Ltd. | 68,500 | 1,674,021 | |
Mitsubishi Chemical Holdings Corp. | 493,500 | 4,140,911 | |
Mitsubishi Gas Chemical Co., Inc. | 60,700 | 1,255,442 | |
Mitsui Chemicals, Inc. | 71,100 | 2,267,302 | |
Nippon Paint Holdings Co. Ltd. | 274,100 | 3,477,938 | |
Nippon Sanso Holdings Corp. | 58,200 | 1,281,190 | |
Nissan Chemical Corp. | 47,500 | 2,328,150 | |
Nitto Denko Corp. | 58,100 | 4,316,738 | |
Shin-Etsu Chemical Co. Ltd. | 136,500 | 22,267,146 | |
Sumitomo Chemical Co. Ltd. | 574,400 | 2,990,050 | |
Toray Industries, Inc. | 534,500 | 3,519,247 | |
Tosoh Corp. | 100,600 | 1,765,436 | |
59,172,544 | |||
Metals & Mining - 0.9% | |||
Hitachi Metals Ltd. | 82,400 | 1,606,614 | |
JFE Holdings, Inc. | 189,800 | 2,307,921 | |
Nippon Steel & Sumitomo Metal Corp. | 329,700 | 5,719,409 | |
Sumitomo Metal Mining Co. Ltd. | 95,300 | 3,862,259 | |
13,496,203 | |||
Paper & Forest Products - 0.1% | |||
Oji Holdings Corp. | 313,600 | 1,808,057 | |
TOTAL MATERIALS | 74,476,804 | ||
REAL ESTATE - 3.6% | |||
Equity Real Estate Investment Trusts (REITs) - 1.5% | |||
Daiwa House REIT Investment Corp. | 763 | 2,267,335 | |
GLP J-REIT | 1,591 | 2,849,747 | |
Japan Real Estate Investment Corp. | 481 | 3,012,142 | |
Japan Retail Fund Investment Corp. | 2,695 | 2,812,793 | |
Nippon Building Fund, Inc. | 573 | 3,697,954 | |
Nippon Prologis REIT, Inc. | 797 | 2,658,967 | |
Nomura Real Estate Master Fund, Inc. | 1,637 | 2,597,892 | |
ORIX JREIT, Inc. | 1,007 | 1,918,445 | |
United Urban Investment Corp. | 1,138 | 1,671,134 | |
23,486,409 | |||
Real Estate Management & Development - 2.1% | |||
Daito Trust Construction Co. Ltd. | 25,200 | 2,949,437 | |
Daiwa House Industry Co. Ltd. | 218,300 | 6,693,129 | |
Hulic Co. Ltd. | 103,500 | 1,172,695 | |
Mitsubishi Estate Co. Ltd. | 456,000 | 7,153,238 | |
Mitsui Fudosan Co. Ltd. | 353,600 | 8,269,739 | |
Nomura Real Estate Holdings, Inc. | 44,500 | 1,098,049 | |
Sumitomo Realty & Development Co. Ltd. | 119,300 | 3,888,374 | |
31,224,661 | |||
TOTAL REAL ESTATE | 54,711,070 | ||
UTILITIES - 1.0% | |||
Electric Utilities - 0.6% | |||
Chubu Electric Power Co., Inc. | 248,400 | 2,980,943 | |
Kansai Electric Power Co., Inc. | 271,600 | 2,561,969 | |
Tohoku Electric Power Co., Inc. | 164,100 | 1,243,035 | |
Tokyo Electric Power Co., Inc. (a) | 590,300 | 1,573,266 | |
8,359,213 | |||
Gas Utilities - 0.4% | |||
Osaka Gas Co. Ltd. | 144,600 | 2,701,520 | |
Toho Gas Co. Ltd. | 28,400 | 1,379,809 | |
Tokyo Gas Co. Ltd. | 145,000 | 2,744,666 | |
6,825,995 | |||
TOTAL UTILITIES | 15,185,208 | ||
TOTAL COMMON STOCKS | |||
(Cost $1,540,514,009) | 1,502,171,726 | ||
Money Market Funds - 1.6% | |||
Fidelity Cash Central Fund 0.06% (b) | |||
(Cost $24,723,789) | 24,718,845 | 24,723,789 | |
TOTAL INVESTMENT IN SECURITIES - 101.4% | |||
(Cost $1,565,237,798) | 1,526,895,515 | ||
NET OTHER ASSETS (LIABILITIES) - (1.4)% | (21,781,151) | ||
NET ASSETS - 100% | $1,505,114,364 |
Futures Contracts | |||||
Number of contracts | Expiration Date | Notional Amount | Value | Unrealized Appreciation/(Depreciation) | |
Purchased | |||||
Equity Index Contracts | |||||
CME Yen Denominated Nikkei 225 Contracts (United States) | 24 | Sept. 2021 | $3,002,598 | $(32,881) | $(32,881) |
The notional amount of futures purchased as a percentage of Net Assets is 0.2%
Legend
(a) Non-income producing
(b) 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
Information regarding fiscal year to date income earned by the Fund from investments in Fidelity Central Funds is as follows:
Fund | Income earned |
Fidelity Cash Central Fund | $2,492 |
Total | $2,492 |
Amounts in the income column in the above table include any capital gain distributions from underlying funds.
Fiscal year to date information regarding the Fund's investments in Fidelity Central Funds, including the ownership percentage, is presented below.
Fund | Value, beginning of period | Purchases | Sales Proceeds | Realized Gain/Loss | Change in Unrealized appreciation (depreciation) | Value, end of period | % ownership, end of period |
Fidelity Cash Central Fund 0.06% | $-- | $1,033,162,014 | $1,008,438,225 | $-- | $-- | $24,723,789 | 0.0% |
Total | $-- | $1,033,162,014 | $1,008,438,225 | $-- | $-- | $24,723,789 |
Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Security transactions are accounted for as of trade date. The Board of Trustees (the Board) has delegated the day to day responsibility for the valuation of the Fund's investments to the Fair Value Committee (the Committee) established by the Fund's investment adviser. In accordance with valuation policies and procedures approved by the Board, the Fund attempts to obtain prices from one or more third party pricing vendors 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 procedures adopted by the Board. Factors used in determining fair value vary by investment type and may include market or investment specific events. The frequency with which these procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee oversees the Fund’s valuation policies and procedures and reports to the Board on the Committee's activities and fair value determinations. The Board monitors the appropriateness of the procedures used in valuing the Fund's investments and ratifies the fair value determinations of the Committee. The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels: Level 1 - 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). Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the Fund's 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 vendor 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 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.
Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy.
Investments in any open-end mutual funds are valued at their closing net asset value each business day and are categorized as Level 1 in the hierarchy.
Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.
The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.
The Fund's use of derivatives increased or decreased its exposure to the following risk:
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.
A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date. The Fund used futures contracts to manage its exposure to the stock market. Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts." The underlying face amount at value reflects each contract’s exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.
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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